Item I4
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: October 19, 2005
Division: Land Authority
Bulk Item: Yes No l
Contact Person: Mark Rosch
Agenda Item Wording: Approval to purchase Tract A, Caribbean Heights on Key Largo for
conservation.
Item Background: This acquisition is proposed pursuant to SOCC Resolution 39-2004, which calls for
the Land Authority to purchase natural areas consisting of at least two acres of upland native habitat
located outside the Conservation and Natural Area. The Land Authority has already purchased 2.31
acres within the subject natural area on the bayside of Key Largo at MM 98. The property proposed for
purchase today will protect an additional acre of the site. The property's zoning is Suburban
Residential (SR) and the vegetation is tropical hardwood hammock with a disturbed area.
Following initial restoration work in the parcel's disturbed area, land stewardship needs for this property
are anticipated to be low.
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 August 24, 2005 the Committee voted 4/0 to approve this
acquisition.
Previous Governing Board Action: Sitting as the BOCC, the Board approved Resolution 39-2004 on
January 21, 2004.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval
Total Cost: $254,960.00
Budgeted: Yes -L No _.
Cost to Land Authority: $254,960.00
Source of Funds: Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By: Attorney ~
Executive Director Approval:
County Land Steward ~.
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Documentation: Included: ~
To Follow:
Not Required:
Disposition:
Agenda Item
Properly
Purchase
Price
Caribbean Heights (PB 3-129)
Tract A $250,000.00
(Tsjpilis)
PURCHASE CONTRACTS
10/19/05
Envr. Audit, SUNey
or Clean-up
$3,000.00
Title
Insurance
$1,450,00
Attorney
Fee
$500 00
Recording
Fee
$10.00
Acquisition
Total
$254,960,00
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Key J~argo
Property Caribbean Heights Subdivision and RE #00090680-000000 (Do-It Corporation)