Item C3a
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: April 20, 2000
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property - Pine Heights Subdivision,
Item Background: This purchase is proposed to protect property rights and natural resources. Pine
Heights subdivision on Big Pine Key zoned Sparsely Settled (SS) and designated Residential Low (RL)
on the Future Land Use Map. Individual lots in this area are too small to meet the two-acre minimum
necessary to build a single-family home, The property is located in the National Key Deer Refuge and
the State Coupon Bight/Key Deer CARL project. The vegetation consists of pine lands. Any residential
development in this area would be subject to ROGO,
Funding for this purchase will come from the State's Preservation 2000 program, which will restrict
future use of the property to conservation and public recreation. The Land Authority's standard
purchase contract will be used. The property's current assessed value is $50. The agenda packet
spreadsheet lists the legal description, purchase price, and closing costs for this transaction.
Advisory Committee Action: On 3/22/00 the Advisory Committee voted 4/0 to approve a purchase
offer of 115% of the 1986 assessed value for this property.
Previous Governing Board Action: The Governing Board has approved other purchases in this
subdivision.
Staff Recommendation: Approval.
Total Cost: $ 9,665.20
Budgeted: Yes X
No
Cost to Land Authority: $ 9,665.20 .
Approved By: Attorney ~
OMB/Purchasing
Risk Management
Executive Director Approval:
~\~~Ch
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3a
PURCHASE CONTRACTS
4/20/2000
Purchase Environmental Title Attorney Recording Acquisition
Property Price Audit Insurance Fee Fee Total
Pine Heights
Block C, Lots 22 & 23 $9,209,20 N/A $200,00 $250,00 $6,00 $9,665,20
(Shawver)
Long Beach Estates
Lot 1, Section C $65,136,00 N/A $502,50 $325,68 $6,00 $65,970,18
(Ligman)
Eden Pines Colony, Third Addition
Block 24, Lot 18 $22,425,00 N/A $232,25 $250,00 $6.00 $22,913,25
(Massengill)
Doctor's Arm, Third Addition
Lot 5, Section C $34,500,00 N/A $301.25 $250,00 $6.00 $35,057,25
(Marshall)
Lot 21, Section C $34,500,00 N/A $301.25 $250.00 $6.00 $35,057,25
(Keys Paradise Builders, Inc,)
Subtotal $69,000,00 N/A $602,50 $500.00 $12.00 $70,114,50
Big Pine Acreage
RE# 110410-000000 $175,000,00 N/A $1,050.00 $875,00 $6,00 $176,931.00
RE# 110410-000100
RE# 110410-000200
RE# 110410-000300
RE# 110410-000400
RE# 110410-000500
RE# 111880-000000
RE# 111660-000000
(Cahill et al.)
TOTAL $340,770,20 N/A $2,587,25 $2,200.68 $36.00 $345,594,13
FY 00 PreseNation 2000 Fund $3,500,000,00
Less Previous Encumbrances ($1,413,278.99)
Less Proposed Encumbrances ($345,594,13)
Unencumbered Balance $1,741,126,88
C :\DA T A \LA \AgendaSheet.XLS
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POND
Mile Marker
Property
30.4
Island
BIG
PINE
PINE
HEIGHTS