Notice of Intent To Release Certain Properties From all Terms, Conditions, Reservations and Restrictions of a Quitclaim Deed Agreement Between the City of Palatka and the Federal Aviation Administration for the Kay Larkin Field, Palatka Municipal Airport, Palatka, FL

Samenvatting

The FAA hereby provides notice of intent to release certain airport properties (14.26 acres) at the Kay Larkin Field, Palatka Municipal Airport, Palatka, FL from the conditions, reservations, and restrictions as contained in an Agreement between the FAA and the City of Palatka, dated February 28, 1947. The release of property will allow the City of Palatka to dispose of the property for other than aeronautical purposes. The property is located in the Section 3, Township 10 South, Range 26 East, of Putnam County. The parcel is currently designated as non-aeronautical use. The property will be disposed of for the purpose of allowing for the construction of a floating dock manufacturing facility. The fair market value of the property has been determined by appraisal to be $25,000 per acre ($356,500). The airport will receive fair market value for the property, which will be subsequently reinvested in another eligible airport improvement project. Documents reflecting the Sponsor's request are available, by appointment only, for inspection at the City of Palatka and the FAA Airports District Office.