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Item L2c 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 - Windward Beach Estates subdivision. Item Background: This item is proposed to protect property rights and natural resources. Windward Beach Estates is a sparsely developed subdivision located on the bayside of Little Torch Key. Most of the western portion of this subdivision lacks paved roads, water lines, and power lines and is therefore zoned Native Area (NA). The vegetation in this area is a mixture of tropical hardwood hammock and wetlands. All the lots in this area are too small to meet the density requirements necessary to build a single-family house and would score poorly in RaGa due to environmental sensitivity. Most of the wetland lots have the additional constraint of being subject to a 100% open space ratio. In light of the hardship these regulations pose to property owners and the need to protect the area's natural resources, staff recommends offering to purchase the vacant lots zoned NA and/or those west of Grenada Drive (approximately 124 lots). Following initial measures to remove solid waste and invasive exotic plants, land stewardship needs for this site are anticipated to be low. The Land Authority's standard purchase contract will be used for these transactions. The agenda packet spreadsheet lists the maximum costs in the event all the vacant lot owners wish to sell. The actual costs will depend upon the number of willing sellers. Advisory Committee Action: On February 26, 2003 the Advisory Committee voted 4/0 to approve making purchase offers of 115% of the 1986 assessed value for the non-mangrove lots and $500 per lot for the lots consisting of over 50% mangrove vegetation. Previous Governing Board Action: None. Contract/Agreement Changes: N/A Staff Recommendation: Approval. Total Cost: not to exceed $500,000.00 Budgeted: Yes ~ No Cost to Land Authority: $ 500,000.00 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney ~ Executive Director Approval: County Lant !':~a: ~. \ · ~ark J. Rosch Documentation: Included: X To Follow: X Not Required: Disposition: Agenda Item LA #2c Property Purchase Price Windward Beach Estates (PB 4-131) 60 Ownerships /124 Lots $470,140.00 PURCHASE CONTRACTS 03/19/03 Envr. Audit, Survey or Clean-up $2,500.00 Title Insurance $12,000.00 1 of 1 Attorney Fee $15,000.00 Recording Fee $360.00 Acquisition Total $500,000.00 ~ o:~ Oco -oJ U. w ~ p~~ ~ 0: o -' u. u. o ~ ~ li; w Q~ 0::.:: ::::> o ~~ ~ ffi9~ ~~::.:: -,t!) ::::> U) .. .. .. I · I . : L: . . ~ . III .. ~ .. ii: o .. ~ · :':)f:':! ...... ~ ::~:: ~ .. ~ c .. 0 .. IF 11._ .. . i .A C OJ ii .. ! . OJ . .. .. ~- .1. .1. .t. ./. · -,~~~~:-~--sTT.l : -'I:I~I~:r:: · ~~-~--;:-- - , '" <(\~ (\ C>>/,IL . Il' ". \~~:: =t:~ h\\ :. ffi -: : lEE. : I~ '. ~ ,~. 5. · 5. · \~.. .. or · \,\ : \ '. \~ .. \ \ ~~ ~ I~ ~~.. .. .. .. .. . \ · V ~~ ~;~ ~.~ .. ~.. .. .. .t\JI~ \ " L~ --;- ~ _i- ~~~\ : ~', :~ .~..: \ ---; .. ~,----\~ .. ~ . ~ ' , .. '~l ....... .. \ . \ ~~1'~~-~. \-- ~~)~\:l lffi: \~ ( ........... \...t1 or .. . \ \ r---' r _ , ,I ... I ' ". . . \\ \ " ~___l, ~"'\ r--\ . .. \\ ,I'fII \ I \ 11. _ \~ ...~:!/-_~-_\ \\-~_'; \~1" : ~ ~ ,\ .. '." ,.., N n ._ ~ ___ "\ ........ ,r-~ ~-;..-\\" ,. '. '---:' '; 1.........___1 · _____il -------- ----- - I I I I I I I I I .. ~",rr1l'!lll "1111"'1" ~ .. ~ i) J>> Wl; i,& ~ ~ . I . ~I I . I I . .. K .. . . .. .. .. \ \ \ \ \ \ \ \ \ \ \ \ \ '\ " [~~ t, .. .,. .. . - ~----- - ~~--~ I ----..... ; ....- // Mile Marker 28.2 Island LITTLE TORCH Property WINDWARD BEACH ESTATES