The Greater Boca Raton Beach & Park District is offering to buy the Boca Raton, Fla., property to help the city, which has been working to acquire the property as it sells its municipal course. Under the deal, the district would be charged with restoring the 200-acre property, which is estimated to cost up to $12 million and take 15 to 18 months to complete.

Under a proposal by Lennar Corp., which is under contract to buy Ocean Breeze Golf Club, the homebuilder would give the city ownership of Ocean Breeze in exchange for Boca Raton Municipal Golf Course, for which Lennar is offering $37.5 million. The deal would be contingent on approval for 400 building plots for houses and 200 multifamily units on the municipal course.