Blakeney memo - Kissimmee Prairie property - 1979-08-30


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Citation
Blakeney memo - Kissimmee Prairie property - 1979-08-30

Material Information

Title:
Blakeney memo - Kissimmee Prairie property - 1979-08-30
Publication Date:
Language:
English
Physical Location:
Box 2

Subjects

Subjects / Keywords:
Ranchers -- Law and legislation -- Florida
Okeechobee, Lake (Fla.) ( lcsh )

Record Information

Source Institution:
University of South Florida
Holding Location:
University of South Florida
Rights Management:
The University of South Florida Libraries believes that the Item is in the Public Domain under the laws of the United States, but a determination was not made as to its copyright status under the copyright laws of other countries. The Item may not be in the Public Domain under the laws of other countries.
Resource Identifier:
035069031 ( ALEPH )
981477171 ( OCLC )
L41-00093 ( USFLDC DOI )
l41.93 ( USFLDC Handle )

USFLDC Membership

Aggregations:
University of South Florida
Lorida

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Book

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Full Text

PAGE 1

.: \c.;.~ • .' . : l ,',,,_ ,.;. :-. 1 3 ~ (_ _ • NATIONAL AUDU ON,soc1arf.y I . ) ) , _.. . . . , . I l -,f • ~r • • ME . ,,...-. .. , Rus s P{t:.)= ~ son . o ____ ...,./__, ______________ _ ! r orr!_w_._c __ ..... _B_l_a_k __ e_n_e __ y...._, __ J_r_. ____ _ C: ~ "f f . /'-' \ , ,. ......,,._ /_}. ~!l ,. ;t. 1 O a~ li:. : e -------to : ~ S i ,--:. c f ----f ---i, ,C -() ; Comment O --1, ,}-0t-V't " " ; ============-=-='--r~Aug~u~s~t...:::.3,;,:_0 h e 19-.-/h)/ . v ~ (J -tLfL t. .;, Prairie Pre i erty , !___:__ Re: Kissimmee ~ -k { )'1/4. ~ . Jc . Enclosed is the draft contract of sale for purchase of the Kissi ~ r Pra'rie property. I firmly believe that Audubon should purchase all niL e sections now through an installment sale with 29 % down and a f ive year payout as previously recommended. A down payment o ~ the .,; ~• enti r e nine sections at this point in time is a statement of comm ~ ment by Audubon to purchase all of the nine essential sections. l f we purchase three sections now and secure an option on the o : her sections_, we are still going to have to commit the money to buy tl othe r si x sections to establish a reasonable management uniL . If w ~ are forced to go back to the owners to re-negotiate a p : rchase/op : ~ agreement we can expect the price of the first three section s to be boosted plus we should count on paying through the nose for tne s : : sections which would be optioned. The only r e ason I can see for choosing to buy three and securing ~ !. opt ion on the other six as opposed to a down payment on al 1 . 1 : ne i _ .; if the Society questions its ability to purchase all nin e secti o n s If that is the case, we then were in over our heads wh E: n we , _ , ,, 0r. considered nine sections. Granted, Audubon will incur s ome a d ~tional expense through interest charged on the balance owed . rhe amo r nt o f interest should be insignificant, however, when yLJ cor sider the tact that you will not be able to purchases~ : < sec ti ons und R r an option agreement for the $450 per acre price we now t ave uargained for. In te rms of the contract itself, I would like to draw y,ur att e nti t J s e veral specific areas: 1. In Article XIV dealing with the easement of e g ress and ingress, I placed the extra bur ~ en on the seller to complete the access road. This would cost approximately $2,000 to $3,000 according to local estimates. 2. In Article XVI we have included a section on water management for the purpose of guaranteeing natural flow of water to and from the property. That s e ctio n might be reviewed to make sure we have drawn it tightly enough. 3. Article V concerning the title should be reviewed. 4. Article . XV states that Audubon will conduct a survey to determine the exact acreage upon which the full purchase price will be based. The seller had provided figures on total acreage and I previously reported t~ a t a l l nine sections are in excess of 640 acres accordinq ~o his survey. This survey is to be conducted b e twe e n now and the closing date.

PAGE 2

• • Memo to Russ Peterson P : ge Two August 30, 1979 In conclusion, a signed copy of the contract with a check for 10% ($259,200 according to my calculations) of the full purchase price based on 5,760 acres at this point should be sent directly to Mr. A. N. Spence (the owners' attorney), Field & Spence, 1441 Dupont Building, Miami, FL 33131. You will note that we have given the owners 10 working days in which to accept the contract (Article XVII). This is the recommendation of both Dick Ludington and myse : _ 1 . WCBjr:ph Enclosure cc: Nat Reed w/encl. Rod Chandler w/encl. Paul Howard w/o encl. Ed Brigham w/o encl. ~rosty Anderson w/encl. Rec'd SEP 5 1979 ------I Referre d for Action to -~ --Prep a re r ep ly fo r S ie . of --Deadlj_no Comment ---


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