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Item C3 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: June 21,2001 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to purchase property in Paraiso subdivision as the Marathon Rotary Park site. Item Background: This purchase is proposed at the request of the City of Marathon to provide land for recreational facilities. The subject property is located on the oceanside of Marathon on US-1 between 75th and 76th Streets. The property is zoned Suburban Commercial (SC) and Improved Subdivision (IS). Parks are permitted in these zoning districts as a minor conditional use. The property's vegetation is classified as disturbed with exotics. The proposed sequence of events is: 1) the Land Authority purchasing the site; 2) the Land Authority donating the site to the City of Marathon and receiving a conservation easement addressing Preservation 2000 restrictions; 3) the City of Marathon working in partnership with the Marathon Rotary Club to develop the site with a playground; and 4) the City of Marathon maintaining the property. Today's item is to approve step 1 only. Staff will request Board approval to proceed with step 2 at a future meeting. Funding for these purchases 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, with the closing contingent upon the City of Marathon accepting a simultaneous transfer of title and granting the required conservation easement. The agenda packet spreadsheet lists the legal descriptions, purchase prices, and closing costs for this transaction. Advisory Committee Action: Approval by 5/0 vote on May 31, 2001. Previous Governing Board Action: On 12/14/00 the Board approved adding the original Marathon Rotary Park site to the Acquisition List. Efforts to acquire the original site have been unsuccessful. Contract/Agreement Changes: NIA Staff Recommendation: Approval Total Cost: $ 250,947.40 Budgeted: Yes X No Cost to land Authority: $ 250,947.40 Executive Director Approval: OMB/Pur~ \ <1,arkJ. Rosch Risk Management Approved By: Attorney ~ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #3 PURCHASE CONTRACTS 06/21/01 Purchase Envr. Audit, Survey Title Attorney Recording Acquisition Property Price or Clean-up Insurance Fee Fee Total Paraiso Estates (PB 5-2) Tract 8 $248,280.00 N/A $1,420.00 $1,241.40 $6.00 $250,947.40 (Allen) Total $250,947.40 ~ Q:~ Oeo -I LL :Ell') :E'<2' ~Z t-<( ZW ~O <0 :Eo :E'<2' 21 L c.l YACHT BASIN IS KEY ~~ VACA KEY 11 1: 1: ~lS 4 11 I . 21 I I 1M I_~ I ~ I!!: I IN iClI Ii 8YRlEIliT 7 II!: !Y Mile Marker 51 Island Vaca Key Property Paraiso Estates subdivision (Marathon Rotary Park Site) "';/'Y'. , ' ~(;.....11#. r.~1 . '"'. "'", ","'" .~ '''t ~ ~.."".. ~~.. .,/~~., .:..~ ./ ~" ,~ " .. . 41" / -' -_.'"-~ /- ......,/,," \