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Item K3d LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: April 16, 2003 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to purchase property - Ramrod Shores subdivisions. Item Background: This item is proposed to protect property rights and natural resources. The Ramrod Shores area is a sparsely developed group of subdivisions at MM 27 on Ramrod Key primarily on the bayside. This area is zoned Improved Subdivision (IS), Suburban Commercial (SC), and Native Area (NA) and has large stands of tropical hardwood hammock and wetlands. Some of the area's interior roads are not paved, while others are not open at all. Many property owners in this area face development constraints that include low ROGO scores, a 100% open space ratio for wetland lots, and insufficient upland to meet zoning density requirements. In light of the hardship these regulations pose and the need to protect the area's natural resources, staff recommends offering to purchase the vacant parcels west of Munson Avenue, east of Les Rohde Drive, and the vacant US-1 commercial frontage (approximately 191 lots). Land stewardship needs are anticipated to range from low to moderate, depending on the specific parcels acquired. The Land Authority's standard purchase contract will be used for these transactions. The agenda packet spreadsheet lists the maximum costs in the event all the vacant lot owners wish to sell. The actual costs will depend upon the number of willing sellers. Advisory Committee Action: On March 26, 2003 the Advisory Committee voted 5/0 to approve making purchase offers based on the tax roll figures of the 1986 assessed value, 1996 land value, or 2002 land value, whichever is higher, plus 15%, for all parcels having less than 50% mangrove vegetation. For mangrove lots, the Committee approved an offer of $500 per lot. Previous Governing Board Action: Sitting as the Land Authority, the Board has acquired three lots in this area. Sitting as the BOCC, the Board has acquired 47 lots in this area as ROGO dedications. Contract/Agreement Changes: N/A Staff Recommendation: Approval. Total Cost: not to exceed $1,100,000 Budgeted: Yes ~ No Costto Land Authority: $1,100,000 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Executive Director Approval: County La~ ~. ~ ' ~ark J. Rosch Approved By: Attorney ~ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #3d Property Ramrod Shores Subdivisions 119 Ownerships 1 191 Lots Purchase Price $1,024,094,20 PURCHASE CONTRACTS 04/16103 Envr. Audit, Survey or Clean-up $6,250,00 1 of 1 Title Insurance $23,800,00 Attorney Fee $29,750,00 Recording Fee $773,50 Acquisition Total $1,084,667.70 c:{ Q>- ~c:{ Oeo ....J u... w ~ ;;r~~ c:{ o c: o ....J u.. u.. o ~ ~ ~ w Q~ O~ :::l U I- ~tn ~3: L .ni. """, 1 NA (T I I I 1 2 II 4 I L4 I . 7 I . 10 11 1. 1711. 1. I 14 11 11 .~ S 1 OIl :I . 7 . . 10111 11 1 j Mile Marker 27 Island Ram"od Property Ramrod Shores and Ramrod Shores 1st Addition Jf~. ,4 ~ .. .. II II .. '" 11 .. .~ I~ 10 .. n '" A g .0 d n 0 c Ie l!!: n 0 . U 10 n '" d n " 11 1. to 11 11 n 14 11 . . ~ 1J " " all Mile Marker 27 Island Ramrod Key Property Ramrod Shores Marina ~ . 4' .. \ 'i ...... ., ...........- ""'''~ ,A "" :!PIIl <A