Item C3c
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 - Eden Pines Colony subdivision.
Item Background: This purchase is proposed to protect property rights and natural resources. Eden
Pines Colony subdivision on Big Pine Key is zoned Improved Subdivision (IS), designated Residential
Medium (RM) on the Future Land Use Map, and located in the National Key Deer Refuge. The subject
lot consists of pineland and tropical hardwood hammock vegetation. Restrictions imposed by the
Comprehensive Plan on this area include negative points under the rate of growth ordinance (ROGO), a
limitation of 8 dwelling units per year for the Big Pihe/No Name Key area, and level of service
requirements that have resulted in a building moratorium for traffic-generating development.
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 $11,700. 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 1996 land value for this property,
Previous Governing Board Action: The Governing Board has approved many purchases on Big Pine
Key to address property rights issues.
Staff Recommendation: Approval.
Total Cost: $ 22,913,25
Budgeted: Yes X
No
Cost to Land Authority: $ 22,913,25
Approved By: Attorney.lS.....
OMB/Purchasing
Risk Management
Executive Director Approval:
^^\' ~a2::
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3c
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