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Item I2LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date:Division: May 16, 2007 Land Authority Bulk Item:Contact / Phone #: Yes No X Mark Rosch / 295-5180 __________________________________________________________________________________ Agenda Item Wording: Approval to purchase Block 39, Lot 13, Pine Crest subdivision on Big Pine Key for conservation. __________________________________________________________________________________ Item Background: This acquisition is proposed to protect property rights and natural resources. The subject property is a 5,500 square foot parcel at the corner of Chickasaw Street and Cortez Avenue on Big Pine Key. The property is zoned Improved Subdivision (IS) and designated Tier 1 on the County’s proposed Tier Maps. The property’s vegetation is pineland with some tropical hardwood hammock species. The Land Authority’s standard purchase contract will be used in this transaction. The agenda packet spreadsheet lists the purchase price and estimated closing costs. __________________________________________________________________________________ Advisory Committee Action: On April 24, 2007 the Committee voted 5/0 to approve this purchase. __________________________________________________________________________________ Previous Governing Board Action: N/A __________________________________________________________________________________ Contract/Agreement Changes: N/A __________________________________________________________________________________ Staff Recommendation: Approval __________________________________________________________________________________ Total Cost:Budgeted: $36,123.75 Yes X No. Cost to Land Authority:Source of Funds: $36,123.75 Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney X County Land Steward X . Documentation: Included: X To Follow: Not Required: . Disposition: Agenda Item ____ PURCHASE CONTRACTS 05/16/07 PurchaseEnvr. Audit, SurveyTitleAttorneyRecordingTotal PropertyPriceor Clean-upInsuranceFeeFeeCosts Block 39, Lot 13 $34,787.50$500.00$326.25$500.00$10.00$36,123.75 Pine Crest (Diamonte) SubjectProperty onBigPineKey CHICKASAWST SubjectProperty OSCEOLAST WAUCHULAST