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Item H4 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: September 15,2004 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to purchase Block 4, Lot 6, Silver Shores Estates on Ramrod Key for conservation. Item Background: The subject property consists of a 0.3-acre parcel on Bay Shore Drive on Ramrod Key. The property is zoned Improved Subdivision (IS) and consists of low hammock, transitional wetland, and mangrove vegetation. The property would be difficult to develop due to its environmental sensitivity. 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 August 26, 2004 the Committee voted 5/0 to approve the proposed purchase. Previous Governing Board Action: The Board has purchased other conservation parcels in this subdivision. Contract/Agreement Changes: N/A Staff Recommendation: Approval Total Cost: $11,335.00 Budgeted: Yes ~ No Cost to Land Authority: $11,335.00 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney ~ County Land Steward X. Executive Director Approval: ~'~a~ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #4 Property Purchase Price Silver Shores Estates Subdivision (PB4-111) Block 4, Lot 6 $10,000.00 (Hensley) PURCHASE CONTRACTS 09/15/04 Envr. Audit, Survey or Clean-up $600.00 Title Insurance $225.00 Attorney Fee $500.00 Recording Fee $10.00 Acquisition Total $11,335.00 <{ Cl ~~ Oa:l --I u.. W P~~ z::..:: o Z W Q~ 8::..:: u u.. <{ C:O W--I>- o..c:Lu o..<{::":: ::>(!) ::> V> <{ Cl ~ o --I u.. u.. o ~ ~ !i; :Ell) :EC'I ~II) ~!i; ::..::w ~ -- -- ------ -- -- --- IS "'-... '--~-- ~' "'- , -.. , --- S8 ------------ ..... ... \ I , , , " ..' ,,' , , , , I I tw.IROD lo-.Er ____ -... ......... "''''... f . . , ....at RmROD KEY Mile Marker 26.7 Island RAMROD Property SIL~ ~ ~A~ .' .T~,,,:~ ..., '.<$)%