Item C2b
lAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: October 19, 2000
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property - Key Largo acreage (RE #88270).
Item Background: This purchase is proposed to provide administrative relief under ROGO. The
owner of the subject property has competed unsuccessfully in ROGO for four years to build two single
family homes. His 7/13/00 ROGO score was 10, while a score of 18 was necessary to receive an
allocation. The subject property consists of 2.8 acres of bayfront hammock, transitional wetlands, and
beach berm at MM 95 on Key Largo. The property is zoned Suburban Residential (SR) and designated
Residential Low (RL) on the Future Land Use Map. It provides 440 feet of greenspace along US 1.
There is a sandy, shallow cove offshore that has a long history of public use for swimming and boating.
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 for this purchase. The property's current assessed value is $185,040.
The agenda packet spreadsheet lists the legal description, purchase price, and closing costs for this
transaction. Public Works estimates it will cost $11,000 per year to maintain this property in its current
undeveloped condition.
Advisory Committee Action: On 9/27/00 the Advisory Committee voted 5/0 to approve the purchase
price shown in the agenda packet spreadsheet. At the same meeting, the Advisory Committee
considered and rejected two proposals to sell the property to the adjoining homeowner while retaining a
conservation easement.
Previous Governing Board Action: On 8/17/00, sitting as the County Commission, the Board
considered alternative methods of providing administrative relief and selected the purchase option. The
Board requested the Land Authority to attempt to acquire the property as soon as possible.
Staff Recommendation: Approval.
Total Cost: $ 641,481.00
Budgeted: Yes X
No
Cost to land Authority: $ 641 ,481.00 .
Approved By: Attorney ~
Executive Director Approval:
~/~)2r ~
lark J. Rosch
To Follow:
Risk Management
Documentation: Included: X
Not Required:
Disposition:
Agenda Item LA #2b
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FLORIDA BAY
Mile Marker
95.5
Island
Key Largo
Property
THATCHER/RICHARDSON