County Council closes on Leffler Ranch today for cool $28.8 million; touted as future water supply
VolusiaNews.net and NSBNEWS.net provide 24/7 online-media coverage for a 21st-century world
(Courtesy photos). Thursday's County Council approval to purchase the sprawling Leffler Ranch between Samsula and Osteen as a futurewater supply paves the way for today's closing at $28.8 million.
Editor's note: The following story was submitted by contributing writer Dale Smith:
SAMSULA -- Nestled between Osten and eyed by the county as the water source of the future, the Volusia County Council's decision to empty its wallet to pay for the 4,806-acre Leffler Ranch has assured a closing date today in becoming owners of the property in the Volusia Conservation Corridor.
The purchase price of $28.8 million will come from three sources -- $12.2 million that's left in the county's 20-year Volusia Forever Program; $11.6 million advance from the general fund reserves, and $5 million from the water utility fund reserves.