Item K3a
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: April 16, 2003
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property - Southern Pines subdivision.
Item Background: This purchase is proposed to protect property rights and natural resources.
Southern Pines subdivision is located at MM 31 on Big Pine Key. The subject property consists of 1.2
acres of hammock and buttonwood vegetation zoned Suburban Commercial (SC). The property would
score poorly in ROGO due to environmental sensitivity. Under the draft Key Deer Habitat Conservation
Plan, commercial development would no longer be allowed on this property and the site would have a
mitigation H-value of 0.0084. Acquisition of the site will protect native habitat, retire commercial
development rights, and preserve greenspace along US-1.
Land stewardship needs for this property are anticipated to be low. The property is in the Coupon
Bight/Key Deer Forever Florida project and therefore conveyance to the State at a future date may be
possible.
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 March 26, 2003 the Advisory Committee voted 5/0 to approve the
proposed purchase.
Previous Governing Board Action: None.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: $ 97,660.50
Budgeted: Yes ~ No
Cost to Land Authority: $ 97,660.50
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~ County Land Steward ~.
~ '~C::Ch
Executive Director Approval:
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3a
Property
Purchase
Price
Southern Pines Subdivision (PB 1-112)
RE#00110370-000000 $95,000,00
(Stockinger)
PURCHASE CONTRACTS
04116103
Envr. Audit, Survey
or Clean-up
Title
Insurance
$1,500,00
$675,00
1 of 1
Attorney
Fee
$475,00
Recording
Fee
$10,50
Acquisition
Total
$97,660,50
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30.9
BIG PINE
Island
SOUTHERN PINES SUBDIVISION