Bid_2612._Bid_Tally.pdf

This is a bid tally sheet for the Putnam County Board of County Commissioners' sealed bid solicitation for the sale of real property located at 100 N Lake Street, Crescent City, Florida 32112. 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 bid opening occurred on Wednesday, July 22, 2026. The property is currently subject to an active lease held by Cimerron Properties, Inc., which extends through June 30, 2032, with lessee renewal options for two additional ten-year terms upon notice provided between 6 and 12 months prior to lease expiration.

The Putnam County Board of County Commissioners established a minimum bid of $10,000,000 for this real property sale. The Pavilion at Crescent Lake Property, LLC submitted a bid of $3,200,000.00 with a required 10% deposit. This bid falls substantially below the county's established minimum bid amount and does not meet the threshold requirement for the property sale.