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Item H2 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: February 21, 2007 Division: Land Authority Bulk Item: Yes No...x.. Contact / Phone #: Mark Rosch 1 295-5180 Agenda Item Wording: Approval to purchase Block 1, Lots 12 and 13, Ramrod Shores Marina Section for conservation. Item Background: This acquisition is proposed to resolve regulatory issues, protect natural resources, and facilitate stewardship of County property. The subject property consists of two adjoining lots (0.27 acre total) of tropical hardwood hammock on Angelfish Road on Ramrod Key. The property is zoned Improved Subdivision and designated Tier 3-A Special Protection Area. Although the property is currently in the ROGO with a score of 17, it is also on the FEMA flood insurance prohibition list and for this reason the owner no longer wants to build on the site. The purchase of this property will eliminate potential development within the surrounding 11-parcel County-owned natural area. The owner has agreed to sell for the tax assessed value of $90,000. 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 January 24, 2007 the Land Authority Advisory Committee voted 5/0 to approve this purchase. Previous Governing Board Action: The Board has purchased other environmentally sensitive lots in this area of Ramrod Key. Contract/Agreement Changes: None. The Seller has executed the Land Authority's standard purchase agreement. Staff Recommendation: Approval Total Cost: $91,661.00 Budgeted: Yes~ No_. Cost to Land Authority: $91,661.00 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney ~ County Land Steward ---X... Documentation: Included: ~ To Follow: Not Required: Disposition: Agenda Item _ Property Ramrod Shores Marina Section Block 1, Lots 12 & 13 (Hock) PURCHASE CONTRACTS 02/21/07 Purchase Envr. Audit, Survey Title Attorney Recording Total Price or Clean-up Insurance Fee Fee Costs $90,000.00 $500.00 $642.50 $500.00 $18.50 $91,661.00 <{ 0>- ~<{ Oa:l -I u. w P~G z:,,:: o z ~g <{ o ~ o -I U. U. o U) f- ~ f- U) :EI() :EN o z ::s>- c::w W:,,:: ~ ~ :J U) w QG 0:,,:: :J U