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Item F2cLAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: February 18, 2009 Division: Land Authority Bulk Item: Yes No X Contact / Phone #: Mark Rosch / 295-5180 Agenda Item Wording: Approval to purchase property for conservation - Block 7, Lot 19, Ramrod Shores, Ramrod Key. Item Background: This acquisition is proposed to protect natural resources and property rights. The subject property is a 50' x 125' lot on Angelfish Road near mile marker 27 on the bayside of Ramrod Key. The property is designated Tier 1, zoned Improved Subdivision, and consists of a mixture of tropical hardwood hammock and exotic vegetation. The Land Authority's standard purchase contract will be used for this transaction. The purchase price and estimated closing costs are listed in the agenda packet spreadsheet. Advisory Committee Action: On January 27, 2009 the Committee voted 4/0 to approve this acquisition. Previous Governing Board Action: The Board has approved the purchase of other conservation lots in this subdivision. Contract/Agreement Changes: None. Staff Recommendation: Approval. Total Cost: $ 21,258.50 Indirect Cost: $ Budgeted: Yes X No Cost to Land Authority: $21,258.50 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney X Documentation: Included: X County Land Steward X . To Follow: Not Required: Disposition: Agenda Item M PURCHASE CONTRACTS 02/18/09 Purchase Title Attorney Price Survey Insurance Fee Recording Total Fee Costs Ramrod Shores (PB 4-6) $20,000.00 $500.00 $240.00 $500.00 $18.50 $21,258.50 Block 7, Lot 19 (Parkinson)