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Item F04* CM ounty of onroe BOARD OF COUNTY COMMISSIONERS  Mayor Heather Carruthers, District 3 Mayor Pro Tem George Neugent, District 2 TheFloridaKeys Danny L. Kolhage, District 1 David Rice, District 4 Sylvia J. Murphy, District 5 County Commission Meeting October 19, 2016 Agenda Item Number: F.4  Agenda Item Summary #2220 BULK ITEM: DEPARTMENT: No Land Authority Governing Board TIME APPROXIMATE:STAFF CONTACT: Charles Pattison (305) 295-5180 9:15 AM Land Authority AGENDA ITEM WORDING: Approval of a contract to purchase property for conservation - Block 15, Lot 8, and Block 16, Lots 19 and 20, Cutthroat Harbor Estates First Addition, Cudjoe Key. ITEM BACKGROUND This acquisition is proposed to protect property rights and the natural  environment. The subject property consists of three lots totaling 22,115 square feet on Puerto Bello Drive, Basque Lane, and Ringrose Lane on the ocean side of Cudjoe Key near mile marker 23. The property has a Tier designation of Tier 3 Infill Area, a zoning designation of Improved Subdivision (IS), and vegetation consisting of topical hardwood hammock, buttonwood, exotics, and mangroves. 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 that Lot 8 will have a 75% to 100% probability of being inundated. In the event of a 24-inch increase in sea level, approximately two-thirds of Lots 19 and 20 are estimated to have a 25.1% to 100% probability of being inundated. The property qualifies for purchase under the Acquisition List because it is Tier 3. The property owners have agreed to sell the property for the price of $77,000. The estimated closing costs for this transaction are listed in the agenda documentation . ADVISORY COMMITTEE ACTION: On September 28, 2016 the Committee voted 4/0 to approve purchasing this property for the price of $77,000. PREVIOUS RELEVANT BOCC ACTION: The Board has approved the purchase of other conservation properties in this subdivision. CONTRACT/AGREEMENT CHANGES: N/A 4EGOIX4K * STAFF RECOMMENDATION: Approval DOCUMENTATION: Block15Lot8EtAl FINANCIAL IMPACT: Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: If yes, amount: Grant: County Match : Insurance Required: Additional Details: REVIEWED BY: Charles Pattison Completed 10/04/2016 3:58 PM Kathy Peters Completed 10/04/2016 4:11 PM Board of County Commissioners Pending 10/19/2016 9:00 AM 4EGOIX4K *E 496',%7)'3286%'8  4YVGLEWI8MXPI*IIW %XXSVRI]6IGSVHMRK8SXEP 4VSTIVX]4VMGI7YVZI]-RWYVERGI*II*II'SWXW &PSGO0SX2% &PSGO0SXWERH 'YXXLVSEX,EVFSV)WXEXIW *MVWX%HHMXMSR'YHNSI/I] 7IPPIVW.EGO>YGOIVQERERH6SFMR*VMIHQER'LMPH 4EGOIX4K *E %IVMEP4LSXSKVETLSJ7YFNIGX4VSTIVX] &PSGO0SXERH&PSGO0SXWERH'YXXLVSEX,EVFSV)WXEXIW*MVWX%HHMXMSR 'YHNSI/I] 4EGOIX4K *E %+6))1)28*368,)496',%7)3*0%2(7 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