SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
December 28, 1998
Date of Report
(Date of earliest
event reported)
CONSOLIDATED-TOMOKA LAND CO.
(exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
0-5556 59-0483700
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(Commission File Number) (IRS Employer
Identification Number)
149 South Ridgewood Avenue
Daytona Beach, FL 32114
(Address of principal executive offices) (Zip Code)
(904 255-7558)
(Registrant's telephone number, including area code)
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FORM 8-K, DECEMBER 28, 1998
CONSOLIDATED-TOMOKA LAND CO.
COMMISSION FILE NO. 0-5556
EMPLOYER ID NO. 59-0483700
Item 5, Other Events
On December 28, 1998, Consolidated-Tomoka Land Co., the
registrant, signed an agreement for the sale of its citrus
business, Lake Placid Groves. The sale includes approximately
3,300 acres of citrus groves, a fresh fruit packing plant,
and all equipment and rolling stock associated with the business.
The buyers are Alton D. Rogers, Lake Placid, Florida, and
Wade H. Walker, Lake Wales, Florida. The sale is scheduled to
close no later than March 9, 1999. The buyers have begun
a 30 day inspection period. There are several significant
contingencies which must be resolved to the satisfaction of
both parties during the inspection period for this agreement
to proceed to closing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf of the undersigned thereunto duly authorized.
CONSOLIDATED-TOMOKA LAND CO.
Date: December 30, 1998 By:/s/ Bob D. Allen
____________________________
Bob D. Allen, President
and Chief Executive Officer
Date: December 30, 1998 By:/s/ Bruce W. Teeters
_____________________________
Bruce W. Teeters, Senior
Vice President - Finance
and Treasurer
Chief Financial Officer
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