Item C5b
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: December 20, 2001
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval to purchase property with Preservation 2000 funds - NC Beach
Fishing Club subdivision.
Item Background: This purchase is proposed to protect property rights and natural resources. North
Carolina Beach Fishing Club subdivision on Key Largo is zoned Suburban Residential (SR) and Native
Area (NA) and designated Residential Low (RL) and Residential Conservation (RC) on the Future Land
Use map. Individual lots in this subdivision are too small to meet the two-acre upland minimum
necessary to build a single-family home. The property's upland vegetation consists of tropical
hardwood hammock and wetlands. The property is located in the State Florida Keys Ecosystem CARL
project. Any residential development in this area would be subject to ROGO and would score poorly.
Funding for this purchase will come from the State's Preservation 2000 program, which will restrict
future use of the properties to conservation and public recreation. The Land Authority's standard
purchase contract will be used. The attached spreadsheet lists the legal description, purchase price,
and estimated closing costs.
Advisory Committee Action: On 11/29/01 the Advisory Committee voted 5/0 to approve this item.
Previous Governing Board Action: The Board has approved the purchase of other lots in this
subdivision.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval
Total Cost: $ 46,064.75
Budgeted: Yes X
No
Cost to Land Authority: $ 46,064,75 .
Executive Director Approval:
~~:T~==-
----r--t:}1ark J. Rosch
To Follow: X
Risk Management
Approved By: Attorney ~
Documentation: Included: X
Not Required:
Disposition:
Agenda Item LA #5b
Property
Purchase
Price
North Carolina Beach Fishing Club (PB 1-93)
Block 1, Lot 1 & 1/2 of Lot 2 and
Block 2, Lot 1 & 1/2 of Lot 2 $40,473.00
PURCHASE CONTRACTS
12/20/01
Envr. Audit, Survey
or Clean-up
$5,000.00
Title
Insurance
$335,75
1 of 1
Attorney
Fee
$250,00
Recording
Fee
$6,00
Acquisition
Total
$46,064.75
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Mile Marker
100.7
Island
KEY LARGO
Property
NORTH CAROLINA BEACH FISHING CLUB