Item L2b
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: May 21,2003
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property - Stirrup Key Hammock.
Item Background: This item is proposed to protect property rights and natural resources. The subject
property is in the State's Florida Keys Ecosystem acquisition project and consists of 9.6 acres of
hammock, transitional wetlands, and mangroves zoned Suburban Residential (SR) and Native Area
(NA). The property is located at the corner of Aviation Boulevard and Stirrup Key Road in Marathon
and would score poorly in RaGa due to its environmental sensitivity.
Land stewardship needs for this property are anticipated to be low. Conveyance to the State at a future
date may be possible since the property is in the Florida Keys Ecosystem project.
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 April 24, 2003 the Advisory Committee voted 4/0 to approve the
proposed purchase for eventual re-sale to the State of Florida.
Previous Governing Board Action: None.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: $393,985.50
Budgeted: Yes ~ No
Cost to Land Authority: $ 393,985.50
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~ County Land Steward ~.
Executive Director Approval: ~ . ~(L
ark J. Rosch
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #2b
Property
Purchase
Price
Stirrup Key Hammock
RE#00104160-000000, $380,000.00
RE#001 04160-0001 00 and
Sea-Air Estates Subdivision (PB 6-91)
Block 1, Lot 31
(Melfa)
PURCHASE CONTRACTS
OS/21/03
Envr. Audit, Survey
or Clean-up
$10,000.00
Title
Insurance
$2,075.00
1 of 1
Attorney
Fee
$1,900.00
Recording
Fee
$10.50
Acquisition
Total
$393,985.50
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Mile Marker 52.3
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Property Sea-Air Estates
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Vaca Key
(PB 6-91). REIOOI04160-000000. 00104160-000100
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