6/2/1982 - Laserfiche WebLink

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JUN 21982 1aw 49 A.c 915 Beach front property in the area of Parcel#3,South Beach"North of the Moorings, has previously sold for approx. $3,000. per front foot. The fron- [tage at this site is 8501. Since the depth of this parcel is 16001, the addi- tional AlA frontage may cost approx. $100,000. per acre. A very rough cost estimate for the 22.5± acres is approx. $4,000,000. The above figures are not based upon formal appraisals but from general Imowledge of the area. °; `' RECOM\ ENDATIONS AND FUNDING It is recommended that a motion be made to adopt a Resolution committing the County to the following 1) That the County shall develop, operate, and maintain the sites if acquired. 2) That the County agrees to fund a specific amount to be included in the'' resolution, that amount to be set aside at the budget hearing. Public Works Director Davis reported. that Mr. Buchanan of the Department of Natural Resources anticipates this will be a 200 million dollar 4- year program, with two 25 million dollar bond issues being made yearly. The applications will be evaluated yearly. It appears two of our applications have an excellent chance of being funded, and two have a lesser chance. Mr. Davis talked about the criteria for evaluation and noted that the threat of possible development gives property a higher priority. Commissioner Lyons expressed the belief that the people in this County would be willing to have a bond of issue of 1/2 a million or more to raise our percentage for this purpose. - Commissioner Wodtke agreed we need to acquire as much beachfront property as we can, but questioned obligating $600,000 out of our upcoming budget before getting into budget sessions. Discussion ensued on the possibility of a referendum on a bond issue and the time frame involved. Community Services Director "Tommy" Thomas noted that November 2nd is the date of the general election, and the,Supervisor of Elections would need all the material aproximately six weeks prior to that date.