Monday, February 25, 2019

Navy Federal Credit Union Revises Offer for Land Purchase at OLF 8


Escambia County has received a revised letter of intent from Navy Federal Credit Union for the purchase of a portion of the OLF 8 property in Beulah. This letter of intent to purchase 84 acres from Escambia County includes less frontage on 9-Mile road and less acreage overall (see illustration above).  Additionally, the new LOI's offer to purchase is priced at the average of our two recently received appraisals on a per-acre basis.  See the complete LOI below.  The creation of a minimum of at least 300 additional jobs by NFCU at their Beulah campus will be an additional consideration required by the BCC for this sale to occur.  I am hopeful we can get this transaction done in very short order. 





at

1 comment:

  1. AnonymousFebruary 27, 2019 at 12:53 PM

    Page two of the doc, item number 12 specifically references the creation of 300 jobs.

    ReplyDelete

Abusive, profane, and/or off-topic posts will not be allowed. Unprovoked ad-hominem attacks will not be tolerated. All posts are subject to moderation, posts that violate these policies, spam, posts containing off-color language, and any other inappropriate comments or content, as determined by the blog administrator, will remain in moderation and may not be added on the site. This site is not my campaign site, but in an abundance of caution I will offer the below disclaimer.