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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 C3 c:~ Oeo ....J u... w ~ ;;r ~~ w o l3!:i :::l~ u ~~ u.. <( f5g~ ~~~ ....J<.!) :::l (J) c:{ o c: o ....J u.. u.. o (J) I:::: ~ ~ ~ ~~ ~~ ! ~~ · M -l- " · · t!l t.....,. I! ......:".:.. .....i.I,. ..tt..".I. i .......r. ~ . I ' .1 ' ) "i~ , , , , , , , , , , , , , , , \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ . " . " . -_181. \\!:.~~""cANAL . - . . .. . ......n.. 1.1. f '1" ~ .14" .1 I .~a<~ ,...cs 'l"I"" '~AL . I I :~. I . I, 1 IS ,,~ . . c W~ . . . . . , r . ..M..... · · I..<<~S I W. 1 . .. I I . . I I . . . ... .1. ~r. E . ._...w. . . . .. . . " . M . . " . I '" 'I ~! ~ t- . . . a . . . . . . 1 . a . I . . . . 1 . ~ . . . . . :I: I .. .. +I'~ .. ..I. .L'!.l, ~VJ p.... \ .1,1. p~- -------------------, '1"1' · 1.1" " " __________: · T. .. · _!" · · : I ..1..1.11:.1..1.'. ...1...'.1....111...1101. /) . r~~:-:--::-.-.. -:-...:-. -.-:-- -- -- --- ~"" · .. ~DIEITJ" "" I 'rnmrnI:~:t::~:~:~~...:~:~~ ___ .I. IlL "0 "0" ,0. "0" .0. ........ ......0 ..... .~ ! ---_..:::_ ___K"'~""'" '~~"., . ..> a \ ~~i~iOIIll]f ~'" ~ . ~~~\ ~ , \ . " \ \. \ , . \\ \, \ \ \\ \ \ \~J .1- M . - " - I I . . . . . I 1 . , .T. .. . - " . I I . I . . . r . 'I .!_I.. i!I"'~ ! il · · · ," ;...---- I -1- " . .1. )C BIG PINE KEY . . .. . _i" - 11 - - -I~~ - .1:1 c9 ~i-------: -"\._--------~ · .~. 11.-. I.H-I \ ,------- · · M · - .. - - -H-I \-----1 r---- . , . . 'II . . ft . . . . I . . . , I. . . . . . . , I . . ... . . ft . . . . " . I -I" t . . . " ~ . 1 . ~ . . . . .l}~ . I . . I . r . . I . . . I . I .....ft.. ........... \ . M . . " . . 1 I 1 . . . I I 1 I t . . . . . r 1.1 ~ . I . . I . 1 ~I - ,~"" · · ..!. - .. .. .I.i... I -~ .+ .11 .....". - ~:..--- ~ s \ '\ '\ \ , \'. \ ~ --------- -- ...- ", , , " " " , Mile Marker Property '\ SC \ \~ ~ \~ ...",::;:;,\, 30.9 BIG PINE Island SOUTHERN PINES SUBDIVISION