8. Authorize Binding Offer for Alico Road Connector Phase III Widening - Parcel 303

Lee Board of County Commissioners · 2026-04-21 · agenda_item

The Lee Board of County Commissioners is considering a binding offer to purchase Parcel 303, which is approximately 22,458 square feet. This purchase is part of the Alico Road Connector Phase III Widening project. The proposed binding offer is $25,000 for the land rights, with an additional $5,000 estimated for closing costs. This item is currently under review by the Board. The project involves acquiring land needed for road widening. This acquisition is a necessary step to allow for the planned construction of the Alico Road Connector Phase III. Contractors involved in site preparation, grading, utility work, and paving may find opportunities as the project moves forward. Suppliers of construction materials and related services could also be involved. Early engagement with the project managers could provide insight into future bidding and permitting processes.

parcel size

22,458 square feet

binding offer

25,000 dollars

appraised value

16,900 dollars

incentive increase

8,100 dollars

estimated closing costs

5,000 dollars

Current Year Dollar Amount

30,000 dollars