Item C2b
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: February 22, 2001
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of contracts to purchase property with Preservation 2000 funding _
Tropical Bay subdivision (conservation easement).
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 a single-
family home. His 10/13/00 ROGO score was 10, while a score of 19 was necessary to receive an
allocation. The subject property is located in Tropical Bay subdivision on Big Pine Key, zoned Improved
Subdivision (IS) and located in the National Key Deer Refuge. The vegetation on the subject property
is disturbed and has been mowed.
Under the proposed contracts, the Land Authority will purchase the subject lot from the current owner
for $32,000, sell the lot to the adjoining homeowner for $16,000, and retain a conservation easement.
The conservation easement will prohibit all structures, require that the property be maintained free of
invasive exotic plants, and will allow mowing. The Land Authority's net purchase price for the
conservation easement will be $16,000.
Funding for the purchase of the conservation easement will come from the State's Preservation 2000
program. The Land Authority's standard contracts for purchase and sale will be used. The attached
spreadsheet lists the legal description, purchase price, and closing costs for this transaction.
Advisory Committee Action: On January 31, 2001, the Advisory Committee voted 5/0 to approve this
item.
Previous Governing Board Action: The Board has approved similar transactions.
Staff Recommendation: Approval.
Total Cost: $ 16,796.00
Budgeted: Yes X
No
Cost to Land Authority: $ 16,796.00 .
Approved By: Attorney ~
Executive Director Approval:
OMB/Purc~
\ ' ~rk J, Rosch
Risk Management
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #2b
PURCHASE CONTRACTS
02/22/01
PURCHASE
Property
Purchase
Price
Envr. Audit, Survey
or Clean-up
Title
Insurance
Attorney
Fee
Recording
Fee
Acquisition
Total
Tropical Bay, Third Addition
Block 6, Lot 8
(Krumeich)
$32,000.00
N/A
$284.00
$250.00
$6.00
$32,540.00
SALE
Purchase Envr. Audit, Survey Title Attorney Recording Acquisition
Property Price or Clean-up Insurance Fee Fee Total
Tropical Bay, Third Addition
Block 6, Lot 8 $16,000.00 N/A $0.00 $250.00 $6.00 $16,256.00
(Gex)
NET COST $16,796.00
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30.4
Island
BIG PINE
TROPICAL BAY
Property