DEPARTMENT MAKING REQUEST
Utilities
Title
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Termination of Liquid Environmental Solutions of Florida, LLC Contract and Lease Site Agreement
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REQUESTED MOTION/ACTION
recommendation
Recommended Action:
Approve termination of Contract 2011000197 between Charlotte County and Liquid Environmental Solutions of Florida, LLC and the associated January 17, 2012 Site Lease Agreement.
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budget
Budgeted Action:
No action needed.
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BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
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Background:
January 10, 2012, the County and Affordable Bio Feedstock entered into Contract No. 2011000197, in which Affordable Bio Feedstock was to construct, own and operate a facility to turn brown grease into bio-diesel feedstock on land owned by the County located at 3100 Loveland Boulevard, Port Charlotte.
January 17, 2012, the County and Affordable Bio Feedstock entered into the Site Lease Agreement, whereby the County leased to Affordable Bio Feedstock approximately 22,500 square feet of land located at the above- stated address for the above-stated purposes, which Site Lease runs roughly concurrently with Contract No. 2011000197.
September 29, 2017, substantially all of the assets of Affordable Bio Feedstock were purchased by Liquid Environmental Solutions.
Pursuant to such acquisition, Liquid Environmental Solutions succeeded to the rights, duties, obligations and liabilities of Affordable Bio Feedstock under and associated with Contract No. 2011000197 and the associated January 17, 2012 Site Lease Agreement.
Both the parties, the County and Liquid Environmental Solutions, desire to terminate Contract No. 2011000197 and the associated January 17, 2012 Site Lease Agreement.
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