Bid_2612._Addenda_1.pdf

This is an addendum to a sealed bid solicitation issued by the Putnam County Procurement Department for the sale of real property located at 100 N Lake Street, Crescent City, Florida. The property, known as The Pavilion at Crescent Lake for Nursing and Rehabilitation, comprises approximately 2.94 acres (Parcel ID: 30-12-28-1750-0200-0010). The addendum revises the original bid schedule to reschedule the property walk-through from June 11, 2026 to June 18, 2026 at 2:00 pm. The bid was originally issued on May 27, 2026, with proposals due by 2:00 pm on July 15, 2026, and public opening scheduled for the same date. The revised schedule extends the proposal deadline to July 22, 2026 with public opening on that date. The recommendation for award is scheduled to be presented to the Putnam County Board of County Commissioners on either July 28, 2026 or August 11, 2026. The purchase balance is due by 4:00 pm on either September 11, 2026 or September 25, 2026, depending on the final approved timeline.

The minimum bid for the property has been set at Ten Million Dollars ($10,000,000). The property is currently subject to an existing lease with Cimerron Properties, Inc., which extends through June 30, 2032. The lessee retains the right to renew the lease for up to two additional ten-year terms, provided notice of renewal is given not earlier than twelve months and not later than six months prior to lease expiration. Award of the property is contingent upon acceptance and approval by the Putnam County Board of County Commissioners.