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Item F2d LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date:March 19, 2014Division: Land Authority Bulk Item:Yes No XContact / Phone #:Mark Rosch / 295-5180 __________________________________________________________________________________ Agenda Item Wording: Approval of contracts to purchase property for conservation -Block 13, Lot 6, Eden Pines Colony, 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 a 5,000 square foot lot on Camellia Lane on the bay side of Big Pine Key near mile marker 30. The property has a tier designation of Tier 1 –Natural Area, a zoning designation of Improved Subdivision with an overlay of Area of Critical County Concern, 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 36-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 owner has agreed to sell the property for $20,800. The estimated closing costs for this transaction are listed in the agenda documentation. __________________________________________________________________________________ Advisory Committee Action:On February 26, 2014the Committee voted 4/0 to approve purchasing this propertyfor the price of $20,800. __________________________________________________________________________________ Previous Governing Board Action: TheBoard has approved the purchase of other conservation properties in this subdivision. __________________________________________________________________________________ Contract/Agreement Changes:N/A __________________________________________________________________________________ Staff Recommendation:Approval __________________________________________________________________________________ Total Cost:$21,689.25 Indirect Cost:$______ Budgeted:Yes XNo . Cost to Land Authority:$21,689.25Source 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 PurchaseTitle Fees &AttorneyRecordingTotal PropertyPriceSurveyInsuranceFeeFeeCosts Eden Pines Colony$20,800.00N/A$495.75$375.00$18.50$21,689.25 Block 13, Lot 6 Seller: William A. Miller