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Item C3c LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: June 15, 2000 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval of contracts to purchase property - Silver Shores Estates. Item Background: This purchase is proposed to protect property rights and natural resources. The subject lot in Silver Shores Estates subdivision on Ramrod Key is zoned Improved Subdivision (IS) and designated Residential Medium (RM) on the Future Land Use Map. The lot consists of hammock, transitional wetland, and mangrove vegetation. The wetland portion is red-flagged as being unsuitable for development under the County's Advance Identification of Wetlands (AOIO) program and the hammock portion is too small to accommodate construction of a house. The subject lot is across the street from the CARL Florida Keys Ecosystem Ramrod Key site. Any residential development in this area would be subject to ROGO. 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. The Land Authority's standard purchase contract will be used. The property's current assessed value is $50. The agenda packet spreadsheet lists the legal description, purchase price, and closing costs for this transaction. Advisory Committee Action: On 4/26/00 the Advisory Committee voted 5/0 to approve a purchase offer of 115% of the property's 1986 assessed value. Previous Governing Board Action: Previous purchases made by the Board in this subdivision have been within the CARL project boundary. Staff Recommendation: Approval. Total Cost: $ 22,576.30 Budgeted: Yes X No Cost to Land Authority: $ 22,576.30 Approved By: Attorney ~ OMB/Purchasing _ I\Ivi - ~~ Executive Director Approval: _\ ark J. Rosch Risk Management Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #3c <( o C2~ Oeo ~ u. w ;;f~~ o~ z w Q~ g::..: o u. <( C:O ~Ci!~ 0-<(::": :::l<!) :::l U) ~t:; ::..:UJ 3 <( o C2 o ~ u. u. o U) t:= ~ :Eo ~,... :E ::Ell) r__ / -- / -- / / / / / / / / / , / / / / , / , / , , , , , / , I / / , /" / / / , I / / / / / I I I S / <--- ~--------- // NA ''\, <. ' / , " " /.... " 'Z <<<<< / " I I I I I , I I I I I I I I I I I I I r-- I I I I I I I I I I I I I I I I I I l.. I', I , I ' I I I I I ---- -............ -.........-....- A . . . . ~ :i c l: ~ :l i f -. s NA _ ITMIn' ...... -... --~--~- /~~ ...... " ...-- 55 ------------......... , \ I I , , ,," ...... ...... ,,'" / I I I I IW.IROD ~___ -... ...... ...... ......... .. . . . ...... RAMROD KEY Mile Marker 26.7 Island RAMROD Property SILVER ~~ ~A~