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County Attorney's Report
BCC Regular Meeting
Navy Federal Credit Union Memorandum of Agreement (MOA) - Portion of OLF-8
County Attorney's Office
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.
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.
POLICY/REQUIREMENT FOR BOARD ACTION:
Redline Version - Agreement
Clean Version - Agreement
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