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Alico Announces Agreement to Sell 12,728 Acres of Land to the South Florida Water Management District for $8.8 Million.


LA BELLE La Belle may be a place in the US:
  • La Belle, Florida
  • La Belle, Missouri
  • La Belle Township, South Dakota
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, Fla.--(BUSINESS WIRE)--Oct. 16, 1998--Ben Hill Griffin, III, chairman of the board of Alico Inc. (ALCO), announced Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
 that the company signed an agreement to sell 12,728 acres of land in Hendry and Collier Counties, Fla. to the South Florida Water Management District for $8.8 million.

Prior to closing, the agreement must be approved by the South Florida Water Management District Governing Board Noun 1. governing board - a board that manages the affairs of an institution
board - a committee having supervisory powers; "the board has seven members"
 at its Nov. 13, 1998 meeting and the State of Florida Cabinet The Florida Cabinet is a Florida governmental body that engages in collective governance of the state. Created following Reconstruction, when there had been distrust of the military governors appointed by the federal government, it was designed to decentralize authority from the  at its Dec. 8, 1998 meeting. If closed, the company expects to recognize an $8.6 million gain.

The South Florida Water Management District's, and other state agencies' interest in the property, which borders the Okaloacoochee Slough Slough (slou), city (1991 pop. 106,341) and borough, central England. After World War I, the residential city and its outlying area underwent rapid industrial development, owing in part to its proximity to London. , stems from their desire to preserve it in the same natural and undeveloped condition that Alico and its predecessor companies have for more than 70 years.

Griffin stated that, "We are pleased to provide this unique parcel to the State for preservation. The sale is consistent with Alico's policy of selling land which is not an integral part of our agricultural operations."
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U5FL
Date:Oct 16, 1998
Words:179
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