9. Authorize Binding Offer for Alico Road Connector Phase III Widening – Parcels 300A

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

The Lee Board of County Commissioners is considering a binding offer to purchase two parcels, 300A and 300B, totaling approximately 11.795 acres. These parcels are located on the south side of State Road 82 and are needed for the Alico Road Connector Phase III Widening project. The proposed purchase price is $2,750,000, plus an estimated $10,000 for closing costs. This item is currently under review by the Board. The project involves acquiring land for road widening, which will likely lead to future construction phases. These phases could include site clearing, grading, utility work, paving, and final landscaping. Contractors, suppliers, and service providers in site preparation, heavy construction, and material supply may find opportunities. Engaging early before final plans and permits are set could provide a competitive advantage.

Parcels

2

Acres

11.795

Binding Offer

2750000 $

Closing Costs

10000 $

Appraised Value

2249800 $

Increase over Appraised Value

500200 $

Current Year Dollar Amount

2760000 $