Common Contracts

RE: Agreement with Orlando Utilities Commission (OUC) for the Purchase of OUC’s Interest in Jointly-Owned Land at McIntosh Power Plant

Purchase and Sale Agreement • December 2nd, 2020 • Florida

• Contract Type
  Purchase and Sale Agreement
• Filed
  December 2nd, 2020
• Jurisdiction
  Florida

Attached for your consideration is a Purchase and Sale Agreement between the City of Lakeland (Lakeland) and the Orlando Utilities Commission (OUC) providing for the purchase by Lakeland of OUC’s interest in land that is currently jointly-owned by the parties at the McIntosh Power Plant. On April 4, 1978, Lakeland and OUC entered into an agreement for the joint ownership of the McIntosh Unit Three Generation Project. As part of that agreement, the land that was required to operate Unit Three was purchased in a 60/40 ownership, with Lakeland owning 60% of each parcel and OUC owning 40% of each parcel. As time progressed some areas, mostly the holding ponds, were decommissioned and no longer used by Unit Three.