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Item K4bLAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: August 20, 2008 Division: Land Authority Bulk Item: Yes No X Contact / Phone #: Mark Rosch / 295-5180 Agenda Item Wording: Approval to purchase property for conservation - eight parcels on No Name Key (RE #107970-000000) and in Palm Villa and Silas Knowles subdivisions on Big Pine Key. Item Background: This item is proposed to protect natural resources, provide mitigation land in support of the Big Pine Key Habitat Conservation Plan, and assist Habitat For Humanity of Key West and Lower Florida Keys in securing a less environmentally sensitive building site. The subject property consists of eight Tier 1 parcels totaling 2.9 acres that private parties have donated to Habitat for Humanity. One of the parcels (Block 3, Lot 5, Palm Villa) is zoned IS and has a ROGO exemption. Rather than building on this Tier 1 site, Habitat for Humanity proposes to sell all 8 parcels to the Land Authority and use the proceeds to purchase a less environmentally sensitive site. 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 7/30/08 the Land Authority Advisory Committee voted 5/0 to approve this acquisition. Previous Governing Board Action: None. Contract/Agreement Changes: None. Staff Recommendation: Approval. Total Cost: $89,178.00 Budgeted: Yes X No Cost to Land Authority: $89,178.00 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney X County Land Steward Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item PURCHASE CONTRACTS 08/20/08 Purchase Envr. Audit, Survey Property Price or Clean-up 8 No Name Key and $88,000.00 $0.00 Big Pine Key parcels (Habitat for Humanity of Key West and Lower Florida Keys, Inc.) No Name Key acreage RE#107970-000000 Palm Villa, Block 3, Lot 5 Silas Knowles, Block 9, Lots 2, 3, 7, 8 and 9; and Block 10, Lot 13 Title Attorney Recording Total Insurance Fee Fee Costs $642.50 $500.00 $35.50 $89,178.00 fir., - - .. �� • k k XX:!GN�AlUDFEF3J BLVff r ■ _ Pill • r JSL�7&6 - ..