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Item H2LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date:Division: October 15, 2008 Land Authority Bulk Item:Contact / Phone #: Yes No X Mark Rosch / 295-5180 __________________________________________________________________________________ Agenda Item Wording: Approval to purchase Block 10, Lot 7, Twin Lakes subdivision on Key Largo for conservation. __________________________________________________________________________________ Item Background: This item is proposed to protect natural resources and property rights pursuant to BOCC Resolution 39-2004 (the 2004 BOCC/DCA partnership agreement), 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 (CNA). The CNA was the precursor to today’s Tier 1 Conservation designation. The subject property is a 0.38 acre parcel located within a natural area on George Street near MM 103 on the bayside of Key Largo. The property is designated Tier 3-A Special Protection Area, zoned Improved Subdivision, and consists of tropical hardwood hammock 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 September 26, 2008 the Land Authority Advisory Committee voted 5/0 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: None. __________________________________________________________________________________ Staff Recommendation: Approval. __________________________________________________________________________________ Total Cost:Budgeted: $32,816.00 Yes X No. Cost to Land Authority:Source of Funds: $32,816.00Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney X County Land Steward X . Documentation: Included: X To Follow: Not Required: . Disposition: Agenda Item ____ PURCHASE CONTRACTS 10/15/08 PurchaseEnvr. Audit, SurveyTitleAttorneyRecordingTotal PropertyPriceor Clean-upInsuranceFeeFeeCosts Twin Lakes Subdivision $30,000.00$2,000.00$297.50$500.00$18.50$32,816.00 Block 10, Lot 7 (Marine Resources Development Foundation, Inc.)