Item L4c
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: August 20, 2003
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property - Ramrod Shores subdivision.
Item Background: This item is proposed to protect property rights and natural resources and is Phase
2 of the Ramrod Shores acquisition project. Ramrod Shores is a sparsely developed area on Ramrod
Key. The Phase 2 portion consists of the vacant parcels east of Munson Avenue, west of Coral
Avenue, north of State Road 4-A, and south of Mariposa Road. This area is zoned Improved
Subdivision (IS) and has large stands of tropical hardwood hammock and wetlands. Some of the area's
interior roads are not paved. Many property owners in this area face development constraints that
include low ROGO scores and a 100% open space ratio for wetland lots. In light of the hardship these
regulations pose and the need to protect the area's natural resources, staff recommends offering to
purchase the vacant parcels within the Phase 2 area.
Land stewardship needs are anticipated to range from low to moderate, depending on the specific
parcels acquired. The Land Authority's standard purchase contract will be used for these transactions.
The agenda packet spreadsheet lists the purchase price and estimated closing costs in the event all the
owners wish to sell. The actual costs will depend upon the number of willing sellers.
Advisory Committee Action: On March 26, 2003 the Advisory Committee voted 5/0 to approve
making purchase offers in the Phase 2 area based on the tax roll figures of the 1986 assessed value,
1996 land value. or 2002 land value, whichever is higher, plus 15%, for all parcels having less than 50%
mangrove vegetation. For mangrove lots, the Committee approved an offer of $500 per lot.
Previous Governing Board Action: On April 16, 2003 the Board approved purchasing the lots in the
Phase 1 area of Ramrod Shores.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: $ 252,048.40
Budgeted: Yes ~ No
Cost to Land Authority: $ 252,048.40
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~
Executive Director Approval:
cou.nty La~d ~.
~ Gnark J. Rosch
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #4c
Property
Purchase
Price
Ramrod Shores Subdivisions, Phase II
29 Ownerships I 37 Lots $235,124.40
PURCHASE CONTRACTS
08/20/03
Envr. Audit, Survey
or Clean-up
Title
Insurance
$3,500.00
$6,000.00
1 of 1
Attorney
Fee
$7,250.00
Recording
Fee
$174.00
Acquisition
Total
$252,048.40
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RAMROD KEY
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Mile Marker
27
Island
Ramrod Key
Property
Ramrod Shores and Ramrod Shores. First Addition and Habitat parcel
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