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Thursday, April 6, 2023

Revised Offer for OLF 8 Just Received: $42 Million with 100 Acres retained by Escambia County for Jobs

The folks from DR Horton were at this morning's meeting.  And they listened to the concerns of the board.

This evening right before the start of our regular meeting, a final, revised LOI was sent to all commissioners--an offer that reflected the morning discussions and addressed these concerns.

This last offer raises the price for the parcel to $42 Million Dollars and sets aside 100 acres for the county to retain, subject to negotiation on the price, for job creation.  The offer also, importantly, recognizes and will substantially comply with the Master Plan for OLF 8 and the offer also accepts the imposition of restrictive covenants on the deed.  These will be necessary to limit additional residential construction in the areas zoned for commercial which could be flipped to residential under the latest Tallahassee law that was just passed (Live Local Act)--which bypasses and preempts our zoning restrictions on such decisions.

Breland did not show up at tonight's meeting, and they did not come to the morning meeting either.

We will be voting on this in the next 15 minutes.......



 

1 comment:

Anonymous said...

Thank you, Commissioner Bergosh, for your support for and care of the Beulah community and Escambia County in general. As a Beulah resident, I am excited to see new retail opportunities out here. Thank you for your leadership.