Sarasota County Schools
Agenda Item #13
Title
SETTLEMENT OF LITIGATION
Description
Approval of the Settlement Agreement and Release and Purchase and Sale Agreement will conclude the educational impact fee litigation instituted by Palmer Ranch Holdings, Ltd. with Palmer Ranch dismissing its complaint and providing the School Board and Sarasota County with a release of claims.
Recommendation
That the School Board approve the following documents as presented: (1) the Settlement Agreement and Release resolving all claims made in the case of Palmer Ranch Holdings, Ltd. v. Sarasota County et al., Case No. 2005 CA 006686 NC in the Twelfth Judicial Circuit Court; and (2) the Purchase and Sale Agreement selling real property to Palmer Ranch Holdings, Ltd. as part of the settlement agreement on the terms described in the Purchase and Sale Agreement.
Contact
HARDY
Financial Impact
N/A
Attachment: settlement-rel-ps agmt-Co signed.pdf