Item J7c
I-
lAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: April 17, 2002
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property - Key Largo CARL acreage (RE #
83950-000200) .
Item Background: This item is proposed to protect property rights and natural resources and to
acquire property in CARL projects as required by the Comprehensive Plan Work Program.
The subject property consists of two acres of tropical hardwood hammock vegetation fronting US 1 near
MM 106 and Andros Drive on Key Largo. The property is within the State Conservation and Recreation
Lands (CARL) project. The parcel is zoned Suburban Residential (SR) and would score poorly in
RaGa due to its environmental sensitivity.
If available, funding for this purchase will come from the State's Preservation 2000 program, which will
restrict future use of the property to conservation and public recreation. Otherwise, funding will come
from the Land Authority's local revenues with the possibility for future resale to the State. The Land
Authority's standard purchase contract will be used. The agenda packet spreadsheet lists the legal
description, purchase price, and anticipated closing costs for this transaction.
Advisory Committee Action: On 3/27/02 the Advisory Committee voted 5/0 to approve this purchase.
Previous Governing Board Action: The Soard has approved the purchase of many parcels in the
CARL project on Key Largo.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval
Total Cost: $ 124,381.00
Budgeted: Yes X
No
Cost to land Authority: $ 124,381.00
Approved By: Attorney ~
OMS/Purchasing
~~M~SCh
Risk Management
Executive Director Approval:
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #7 c
Property
Key Largo acreage
RE# 00083950-000200
(Jullie)
Purchase
Price
$120,000.00
PURCHASE CONTRACTS
04/17/02
Envr. Audit, Survey
or Clean-up
Title
Insurance
$3,000.00
$775.00
1 of 1
Attorney
Fee
$600.00
Recording
Fee
$6.00
Acquisition
Total
$124,381.00
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KEY LARGO
Mile Marker
106 . 2
Island
Key Largo
Property Ocean Isle Estates. Jullie (REI00083950-000200)