Atlantic Gulf to sell 10,000 acres to the Southwest Florida Water Management District and the State of Florida.MIAMI--(BUSINESS WIRE)--Aug. 21, 1995--Atlantic Gulf Communities Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGLF AGLF Association for Governmental Leasing and Finance AGLF Asian Government Leaders Forum ) announced today it signed a cash contract with the Southwest Florida Southwest Florida is a region of Florida located along its gulf coast, south of the Tampa Bay area, west of Lake Okeechobee and mostly north of the Everglades. It consists of five coastal counties from Manatee County south to Collier County, although it sometimes is considered to Water Management District ("SWFWMD SWFWMD Southwest Florida Water Management District ") and the State of Florida for the sale of 9,968 acres of land located in Sarasota and Charlotte counties. The property, situated along the Myakka River and Charlotte Harbor Charlotte Harbor Inlet of the Gulf of Mexico, western coast of Florida, U.S. It is about 25 mi (40 km) long and 5 mi (8 km) wide. It receives the Peace River in the northeast, and a dredged channel serves the port of Punta Gorda. , is being purchased by SWFWMD and the State of Florida Department of Environmental Protection The Florida Department of Environmental Protection (FDEP) is the agency in Florida's government charged with most functions relating to environmental quality in the state. [1] History By the mid-1960s, when the U.S. for $14,347,000. Originally planned for residential and commercial development, the five parcels will be purchased for preservation as part of the Florida Preservation 2000 trust fund. The purchase is subject to approval by the governing board of SWFWMD and the State of Florida, and is expected to close during October. In addition, Atlantic Gulf is in negotiations with Florida Communities Trust and Charlotte County for the sale of an additional 354 acres for a sale price of $700,000. The sale of these properties is in accordance with Atlantic Gulf's business plan which is the profitable disposition of inventory in secondary real estate markets, and the purchase and development of properties in selected primary growth markets throughout the state. Atlantic Gulf Communities Corporation, with assets of more than $350 million, is one of Florida's largest real estate developers, owning 53,000 acres in Florida, and an additional 5,500 acres in the Cumberland Plateau area of Tennessee. Headquartered in Miami, the Company is a proven leader in professional development services and is known for its leadership role in environmental quality. CONTACT: Atlantic Gulf Communities Corp. Harry Rose, 305/859-4376 or Investor Access Corporation Kevin Theiss, 212/692-9060 |
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