CN-370000-PL354-T152.pdf

This document package comprises a Task Assignment Notification under Florida Department of Environmental Protection (FDEP) Contract No. PL354, executed on June 4, 2019, for title commitment services on the Myakka Ranchlands property in Sarasota County, Florida. The primary contractor is Tallahassee Title Group, LLC (TTG), with FDEP serving as the state agency. Additional documentation includes property appraisal records from Sarasota County for ten parcels totaling 5,776 acres valued at $25,000,000, a Warranty Deed transferring the property from South Florida SOD, Inc. to Orange Hammock Ranch LLC, and Commonwealth Land Title Insurance Company loan and title insurance policies issued December 30, 2011, for a $10,000,000 mortgage.

The task assignment requires TTG to provide a Title Commitment on the described parcels in accordance with specifications attached as Exhibit "F." The contracted rate for Title Search/Closing Commitment services is $275.00, with a Title Insurance Policy and Closing Fee of $300.00, totaling $2,750.00 for 10 hours of general research. Research must be completed within 14 days or best timeframe if less after task execution, with a 30-day deadline following closing. The property consists of agricultural grazing land across multiple sections in Township 39 South, Range 22 East, Sarasota County, with associated utility and ingress/egress easements. The title insurance policy provides $10,000,000 in coverage against defects in title, with standard exclusions for governmental regulations, environmental matters, survey issues, and other enumerated risks typical of agricultural properties in Florida.