Bradenton officials extend bid deadline on 200 acres near Evers Reservoir
Two hundred acres of city-owned vacant land at Bill Evers Reservoir in east Manatee County is back up for bid. WCI Communities withdrew from a $10 million agreement with the city of Bradenton in early February, opening the door for new bidders. GRANT JEFFRIES/Bradenton Herald file photo
BRADENTON -- The deadline to respond to an invitation to negotiate to buy 200 acres of city-owned vacant land next to the Bill Evers Reservoir in East Manatee County has been extended to March 9. (2016)
In early February, WCI Communities opted not to pursue its $10 million agreement with the city about halfway through its due-diligence period after coming out on top of six bids early last year. The deadline was Feb. 29, but according to City Administrator Carl Callahan, two more expected submissions did not arrive on time.
Bradenton officials opted to extend the deadline to give everyone a chance to submit potential offers.
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BRADENTON -- The Bradenton City Council on Wednesday OK'd selling 200 acres of land near Bill Evers Reservoir in East Manatee to homebuilder Taylor Morrison for $12 million.
Taylor Morrison will now do due diligence to determine if their plan to build more than 500 housing units will work.
Under terms of the agreement, Taylor Morrison can pull out any time within the 120-day due diligence period, and the entire deal will still be contingent on the project winning approval from Manatee County, which has jurisdiction over the land.
According to Carl Callahan, city administrator, the city is looking at about 15-18 months before Taylor Morrison can close on the purchase.