Item C2c
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: February 14, 2002
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property with Preservation 2000 funds - Bahia Shores
subdivision.
Item Background: This item is proposed to protect property rights and natural resources and to
acquire property in CARL projects as required by the Comprehensive Plan Work Program.
Bahia Shores subdivision is on No Name Key within the State Conservation and Recreation Lands
(CARL) project and the National Key Deer Refuge. The subject property consists of a scarified lot
developed only with a fence and seawall. The lot is zoned Improved Subdivision (IS) and would score
poorly in RaGa do to its location on No Name Key.
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, with the requirement that the Seller remove the fence prior to closing.
The agenda packet spreadsheet lists the legal description, purchase price, and closing costs for this
transaction.
Advisory Committee Action: On 1/22/02 the Advisory Committee voted 5/0 to approve offering 115%
of the current taxable value for the property.
Previous Governing Board Action: In 1999 the Board approved the purchase of seven other lots in
Bahia Shores subdivision.
Contract/Agreement Changes: NIA
Staff Recommendation: Approval
Total Cost: $ 28,888.65
Budgeted: Yes X
No
Cost to Land Authority: $ 28,888.65 .
Approved By: Attorney ~
Executive Director Approval:
;~~c~
ark J. Rosch
Risk Management
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #2c
Property
Bahia Shores (PB 6-115)
Lot 11
(Schaefer)
Purchase
Price
$28,365.90
PURCHASE CONTRACTS
02/14/02
Envr. Audit, Survey
or Clean-up
N/A
Title
Insurance
$266.75
1 of 1
Attorney
Fee
$250.00
Recording
Fee
$6.00
Acquisition
Total
$28,888.65
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Mile Marker
30.4
Island No Name Key
Property Amended Plat of Bahia Shores 11