Palmetto CRA Board Meeting Agenda March 2026
Escrow Firm Appointed for CRA Land Sale
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Description
Nabors, Giblin & Nickerson, P.A. selected as escrow agent to manage $150,000 (potentially $250,000) deposit for $3.5M land sale transaction between CRA and Mosaic Development, LLC.
Contract Details
Contract Amount
$150,000 deposit (potentially $250,000 if Due Diligence Period extended)
Vendor
NABORS GIBLIN & NICKERSON PA
Agency
City of Palmetto, FL
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
Escrow period until closing or termination of Purchase and Sale Agreement
Renewal Info
If due diligence is extended, escrow deposit increases; standard escrow procedures bind disbursement through closing or agreement termination.
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