Recommendation Concerning the Exchange of Deeds with the United States Navy for the OLF-X and OLF-8 Properties and Reimbursement of Expenses Incurred by Jim Cronley in Acquiring Surface Rights Waivers and Associated Extensions of Those Waivers.
That the Board take the following action:
A. Acknowledge and authorize the exchange of deeds with the United States Navy for the OLF-X and OLF-8 properties as set forth in the Land Exchange Agreement (LEA) entered into by the Board on June 15, 2016; and
B. Authorize reimbursement of expenses incurred by Jim Cronley in acquiring surface rights waivers and associated extensions of those waivers attendant to the OLF-X property in the amount of $151,202.30 payable to Jim Cronley. Issuance of payment shall be conditioned upon receipt of original, recordable documents.
[Funding Source: LOST IV Fund 353- $151,202.30]
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