Item F2c LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: March 19, 2014 Division: Land Authority
Bulk Item: Yes No X Contact/ Phone #: Mark Rosch /295-5180
Agenda Item Wording: Approval of contracts to purchase property for conservation - Lots 11 and 12,
Doctor's Arm 3rd Addition Section B, Big Pine Key.
Item Background: This acquisition is proposed to protect property rights and the natural environment
and to provide mitigation land in support of the Big Pine Key Habitat Conservation Plan.
The subject property consists of two adjoining canal lots totaling 12,000 square feet on San Marco
Drive on the bay side of Big Pine Key near mile marker 30. The property has a tier designation of Tier
2 — Transition and Sprawl Area, a zoning designation of Improved Subdivision, and vegetation
consisting of tropical hardwood hammock and exotics. The Southeast Florida Regional Climate
Change Compact 50-year sea level rise projection is 9 to 24 inches by the year 2060. In the event of a
24-inch increase in sea level, estimates provided by the South Florida Water Management District
indicate this property will have a 25.1% to 100% probability of being inundated. The stewardship
requirements for this property may include periodic trimming of vegetation to maintain navigation along
the canal.
The owners have agreed to sell the property for $60,000. The estimated closing costs for this
transaction are listed in the agenda documentation.
Advisory Committee Action: On February 26, 2014 the Committee voted 4/0 to approve purchasing
this property for the price of$60,000.
Previous Governing Board Action: The Board has approved the purchase of other conservation
properties in this subdivision.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval
Total Cost: $ 61,113.50 Indirect Cost: $ Budgeted: Yes X No
Cost to Land Authority: $ 61,113.50 Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney X County Land Steward X .
Documentation: Included: X To Follow: Not Required:
Disposition: Agenda Item
PURCHASE CONTRACT
03/19/14
Purchase Title Fees& Attorney Recording Total
Property Price Survey Insurance Fee Fee Costs
Doctor's Arm 3rd Addition $60,000.00 N/A $720.00 $375.00 $18.50 $61,113.50
Section B
Lots 11 and 12
Sellers: Mary E. Bolton and
George C. Bolton, Trustees