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Item K4dLAND 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 - Block 6, Lot 50, North Sugarloaf Acres on Sugarloaf Key. Item Background: This item is proposed to protect natural resources and property rights. The subject property is a one acre parcel on Pellico Road near MM 19 on the bayside of Sugarloaf Key. The property is designated Tier 1, zoned Suburban Residential Limited, and consists of buttonwood and exotic vegetation. 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: $16,543.50 Budgeted: Yes X No Cost to Land Authority: $16,543.50 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 I� Purchase Price North Sugarloaf Acres, $15,150.00 Block 6, Lot 50 (Isse/Cueto) PURCHASE CONTRACTS 08/20/08 Envr. Audit, Survey Title Attorney Recording Total or Clean-up Insurance Fee Fee Costs $650.00 $225.00 $500.00 $18.50 $16,543.50 3 ti• ' � T F# - RL— �' r,h yII �# ..',lid+= - Y '�#3•�• C -lLftLL9'O R© _ i •f �i ir ti t ti r� T 1 po `