Item L2b
lAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: March 19, 2003
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property - Key Largo Park subdivision.
Item Background: This purchase is proposed to protect property rights and natural resources. Key
Largo Park subdivision is located at MM 100.5 on the bays ide of Key Largo. The subject property
consists of 10 tropical hardwood hammock lots (0.95 acre) zoned Suburban Commercial (SC). The
property would score poorly in ROGO due to environmental sensitivity. Acquisition of this site will
protect native habitat, retire commercial development rights, preserve greenspace along US-1, and
provide a highway buffer for the residents of the Key Largo Park neighborhood.
Due to the developed nature of the surrounding area, land stewardship needs for this property are
anticipated to be moderate and will likely involve removal of invasive exotic plants and periodic
dumping.
The Land Authority's standard purchase contract will be used for this transaction. The agenda packet
spreadsheet lists the legal description, purchase price, and estimated closing costs.
Advisory Committee Action: On February 26,2003 the Advisory Committee voted 4/0 to approve the
proposed purchase.
Previous Governing Board Action: None.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: $ 135,385.00
Budgeted: Yes ~ No
Cost to land Authority: $ 135,385.00
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~
Executive Director Approval:
County Land Steward ~.
~SCh
Documentation: Included: X
To Follow: X
Not Required:
Disposition:
Agenda Item LA #2b
Property
Amended Plat of
Key Largo Park (PB 3-62)
Slock 7, Lots 3-7 and 22-26
(Hoffman)
Purchase
Price
$130,000.00
PURCHASE CONTRACTS
03/19/03
Envr. Audit, Survey
or Clean-up
Title
Insurance
$3,000.00
$825.00
1 of 1
Attorney
Fee
$650.00
Recording
Fee
$910.00
Acquisition
Total
$135,385.00
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Mile Marker
100.2
Island
KEY LARGO
Property
KEY LARGO PARK
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