Agenda

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County Attorney's Report 13. 1.

BCC Regular Meeting

Action

Meeting Date:	12/05/2019
Issue: Navy Federal Credit Union Memorandum of Agreement (MOA) - Portion of OLF-8
From:	ALISON ROGERS
Department:	County Attorney's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Navy Federal Credit Union Memorandum of Agreement - Portion of OLF-8.

That the Board approve and authorize the Chairman to sign the Navy Federal Memorandum of Agreement (MOA), to address job creation by NFCU as a precondition to closing on approximately 98 acres at the OLF-8 site.

BACKGROUND:

Pursuant to Resolution 2019-42, the Board of County Commissioners found that the sale of approximately 98 acres of County property at the OLF-8 site to NFCU served the County's economic development purposes. As a precondition to closing, the County and NFCU must execute an agreement that addresses promised job creation by NFCU. Further, NFCU will provide reasonable public access to certain recreational amenities that will be constructed at the property.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Redline Version - Agreement
Clean Version - Agreement