MEMORANDUMVacant Land Purchase Agreement • April 10th, 2024
Contract Type FiledApril 10th, 2024For your consideration is a Vacant Land Purchase Agreement with Morgan Creek Properties, LLC (Morgan Creek) for the purchase of a 30.98-acre tract of undeveloped land located at 4250 (+/-) Medulla Road on the south side of Lakeland Linder International Airport (Airport). While the subject property was nearing final site plan review and expected approval of a 74-lot residential development, Airport staff, recognizing the Airport’s continued growth, was able to work with Morgan Creek, which agreed to sell the land to the City rather than proceed with the residential development.