Item K3b
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 - Little Torch Key acreage (RE #113680).
Item Background: This item is proposed to protect property rights and natural resources. The subject
property consists of 3 acres of hammock, wetlands, and open water zoned Native Area (NA) on Little
Torch Key. The property is too small to meet the minimum upland acreage (4 acres) required to build a
single-family home in this zoning district and the property would score poorly in ROGO.
Land stewardship needs for this property are anticipated to be low.
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: $16,119.50
Budgeted: Yes -L No
Cost to land Authority: $ 16,119.50
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~
County Land Steward ~.
Executive Director Approval:
~.\ G--
Mark J. Rosch
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3b
Property
LiWe Torch Key Acreage
RE#00113680-000000
(CaseyIKerwick)
Purchase
Price
$15,650,00
PURCHASE CONTRACTS
04116103
Envr. Audit, Survey
or Clean-up
NIA
Title
Insurance
$200.00
1 of 1
Attorney
Fee
$250,00
Recording
Fee
$19.50
Acquisition
Total
$16,119,50
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LITTLE TORCH KEY
NA
LITTLE TORCH KEY
Mile Marker
28.25
Island
Little Torch Key
Property Long REI113370. Kerwick/Casey REI113680
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