Item I3B
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: December 15, 2004
Bulk Item: Yes No l
Department: Land Authority
Agenda Item Wording: Approval to purchase land for conservation - Buttonwood Shores subdivision.
Item Background: This acquisition is proposed to protect property rights, protect natural resources,
retire commercial development rights, and to preserve greenspace along the US 1 scenic corridor.
The subject property consists of eight contiguous lots (0.9 acre) providing 378 feet of frontage on US 1
on the bays ide of Key Largo at MM 100. The subject property is zoned Suburban Commercial (SC)
and consists of tropical hardwood hammock. The property is included within the Conservation and
Natural Area (CNA).
Land stewardship needs for this property are anticipated to be relatively high, due to the property's
location in the downtown area of Key Largo.
The Executive Director has executed the Land Authority's standard purchase contract for this
transaction, The agenda packet spreadsheet lists the legal description, purchase price, and estimated
closing costs,
Advisory Committee Action: On November 18, 2004 the Committee voted 4/0 to approve this item,
Previous Governing Board Action: On August 20, 2003, sitting as the BOCC, the Board approved
Resolution 346-2003 designating Conservation and Natural Areas appropriate for public acquisition.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: $233,760.00
Budgeted: Yes -L No _'
Cost to Land Authority: $233.760.00
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By:
Attorney -L
County Land Steward
Executive Director Approval:
"1'6 fA-
Mark J. Rosch
Documentation: Included: ~
To Follow:
Not Required:
Disposition:
Agenda Item LA #3b
Property
Buttonwood Shores (PB 3-3)
Block 1, Lots 1 - 8
(Williams)
Purchase
Price
$225,000.00
PURCHASE CONTRACTS
12/15/04
Envr. Audit, Survey,
Appraisals or
Clean-up
Title
Insurance
$7,000.00
$1,250.00
Attorney
Fee
$500.00
Recording
Fee
$10.00
Acquisition
Total
$233,760.00
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