Item C3b
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: June 15, 2000
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property - Cutthroat Harbor Estates.
Item Background: This purchase is proposed to protect property rights and natural resources. Part of
Cutthroat Harbor Estates on Cudjoe Key is zoned Native Area (NA) and designated Residential
Conservation (RC) on the Future Land Use Map. Individual lots in this area are too small to meet the
four-acre minimum necessary to build a single-family home. This area is located in the National Key
Deer Refuge and provides habitat for the endangered silver rice rat. The vegetation consists of
transitional and mangrove wetlands. 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 5/24/00 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: $ 3,630.00
Budgeted: Yes X
No
Cost to Land Authority: $ 3,630.00 .
Approved By: Attorney ~
OMB/Purchasing
Risk Management
Executive Director Approval:
~ '~~J~
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3b
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Mile Marker
22.7
Island
CUDJOE
Property
CUTTHROAT HARBOR ESTATES
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