BRADENTON — On Monday, the Sarasota Manatee Airport Authority Board approved the sale of 30-plus acres of airport land to New College/State of Florida. The agreement will go into effect once it is signed by both parties this week. However, because FAA approval has not yet been secured, the agreement provides that "if FAA approval is not obtained by the Closing Date, then the agreement shall terminate on the Closing Date."
From the meeting's agenda item:
"EXECUTIVE SUMMARY: Staff requests approval of a Land Swap and Sale Agreement with the State of Florida for the benefit of New College Board of Trustees. The proposed agreement will sell 30.94 acres of land to the State of Florida for $11,500,000 which New College presently occupies. The SMAA will reclaim 3.88 acres that are currently subject to that lease, which includes General Spaatz Boulevard. The SMAA will also receive Avigation Easements on the New College campus to protect the Runway Protection Zone (RPZ) for Runway 4. The proposed Agreement is subject to Federal Aviation Administration (FAA) approval and state funding.
NARRATIVE: The Sarasota Manatee Airport Authority (SMAA) has requested FAA approval of a land exchange and sale transaction with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida for the use and benefit of New College of Florida Board of Trustees (NCBOT); and, pursuant to 49 U.S.C. s. 47153, it seeks the release of the subject property from restrictions imposed by The United States of America on December 16, 1947, when it transferred the property to the SMAA’s predecessor, as authorized by the Surplus Property Act of 1944. This proposed transaction will benefit the Sarasota Bradenton International Airport (Airport), New College of Florida (College), the State and local community.
Under the proposed Agreement, SMAA will sell the College 30.94 acres of SMAA-owned lands currently under long-term lease to the College, for a purchase price of $11,500,000, and the SMAA will reclaim 3.88 acres that are currently subject that lease, which includes the General Spaatz Boulevard right-of-way. The SMAA will also receive vital Avigation Easements on the College campus west of U.S. 41 to protect the Runway Protection Zone (RPZ) for Runway 4 ..."
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san.gander
The question at the end of your article on this land deal... very apporpriate.
Wednesday, March 27 Report this
WTF
It's a positive step moving forward not to mention the great entrance that arriving/departing passengers will see coming into Manatee County. Getting from the airport to their final land destination is another thing.....
Wednesday, March 27 Report this