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Item F3LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date:Department: March 23, 2016Land Authority Bulk Item:Staff Contact / Phone #: Yes No XMark Rosch / 295-5180 __________________________________________________________________________________ Agenda Item Wording: Approval of a resolution authorizing the purchase of Block 16, Lot 9, Coco Plum Beach for conservation and authorizing subsequent conveyance of the property to the City of Marathon subject to a conservation easement. __________________________________________________________________________________ Item Background: This acquisition is proposed to protect property rights and the natural environment. The subject property is located in Marathon and has been nominated by Marathon City Council Resolution 2016-10. The proposed Land Authority resolution calls for the Land Authority to purchase the property and subsequently transfer title to the City subject to a conservation easement. The property consists of a 12,818 square foot lot at the corner of Coco Plum Drive and Avenue M on the ocean side of Fat Deer Key near mile marker 54. The property is zoned Residential Low. The property’s vegetation consists of a mix of upland (exotic and tropical hardwood hammock) and wetland (mangrove and buttonwood) species. The Southeast Florida Regional Climate Change Compact 50-year sea level rise projection is 14 to 26 inches by the year 2060. In the event of a 12-inch increase in sea level, estimates provided by the South Florida Water Management District indicate approximately 10,500 square feet of this property will have a 25.1% to 100% probability of being inundated. The property owners have agreed to sell the property for the price of $17,144.The estimated closing costs for purchasing the property and conveying the property to Marathon are listed in the agenda documentation. __________________________________________________________________________________ Advisory Committee Action: On 3/2/16the Committee voted 4/0to approve the proposed resolution. __________________________________________________________________________________ Previous Governing Board Action: TheBoard has approved the purchase of many other conservation properties in this subdivision. __________________________________________________________________________________ Contract/Agreement Changes: N/A __________________________________________________________________________________ Staff Recommendation: Approval __________________________________________________________________________________ Total Cost:Indirect Cost:Budgeted: $18,469.00 $______ Yes XNo . Cost to Land Authority:Source of Funds: $18,469.00Land Authority (Tourist Impact Tax and State Park Surcharge) Revenue Producing:Amount per Month:Year: Yes No X ________ ________ Approved By: Attorney X County Land Steward X . Documentation: Included: XNot Required: . Disposition: Agenda Item ____ PURCHASE CONTRAC T 03/23/16 Purchase Title Fees &AttorneyRecordingTotal PropertyPriceSurveyInsuranceFeeFeeCosts Block 16, Lot 9$17,144.00N/A$478.50$375.00$35.50$18,033.00 Coco Plum Beach Fat Deer Key Seller: Dianne L. Holden DONATION TO MARATHON 03/23/16 PurchaseTitleAttorneyRecordingTotal PropertyPriceSurveyInsuranceFeeFeeCosts Block 16, Lot 9$0.00N/AN/A$375.00$61.00$436.00 Coco Plum Beach Fat Deer Key Total Cost$18,469.00 Aerial Photograph of Subject Property Block 16, Lot 9, Coco Plum Beach Fat Deer Key RESOLUTION NO. _________ A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY AUTHORIZING THE PURCHASE OF BLOCK 16, LOT 9, COCO PLUM BEACH FOR CONSERVATION AND AUTHORIZING THE SUBSEQUENT CONVEYANCE OF THE PROPERTY TO THE CITY OF MARATHONSUBJECT TO A CONSERVATION EASEMENT. ______________________________________________ WHEREAS, Block 16, Lot 9, Coco Plum Beach, according to the plat thereof as recorded in Plat Book 4, Page 166of the Public Records of Monroe County, Florida (hereinafter "subject property") consistsof environmentally sensitive land located within themunicipal boundaryof the City of Marathon(hereinafter “City”); and WHEREAS, the City Council has adopted Resolution 2016-10nominating the subject property for purchase by the Monroe County Comprehensive Plan Land Authority (hereinafter “Land Authority”) as conservation land and requesting the Land Authority to transfer title to the City subject to a conservation easement; and WHEREAS, onMarch 2, 2016, the Land Authority Advisory Committee considered this resolution and voted 4/0to recommend approval;NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY: Section 1. The subject property is hereby added to the Land Authority’s Acquisition Listand the Land Authority’s purchase of the subject property pursuant to the purchase agreement in Exhibit Ais hereby approved. Section 2. The Chairman is hereby authorized to execute adeed and associated closing documents to convey title to the subject propertyas a donation to the Cityand to execute as Grantee the conservation easement in Exhibit B. PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a regular meeting on this 23rdday ofMarch,2016. MayorHeatherCarruthers___ Commissioner Danny Kolhage___ CommissionerSylvia Murphy___ Commissioner George Neugent___ Chairman David Rice___ (Seal) ATTEST:MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ________________________________________________ Mark J. RoschDavid P. Rice Executive DirectorChairman