5/7/1991 - Laserfiche WebLink

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L� ALTERNATIVES & ANALYSIS: ..... ,,.Appraisal Status and SJRWMD Commitment: ..The attached memorandums from Randy Dowling dated October 16, 1990 and March 26, 1991 summarize the status of the completed appraisals and St. Johns River Water Management District's (SJRWMD) commitment ent '';$ to participate in a 50/50 cost -share purchase of troximatelproperty. 1.74 `.:appraised price range of the property is approximately million to $2 million, with the District's own value figure within the range. The District's conditions of cost -share participation are summarized as follows: • the District will appraisal costs; pay 50% cost -share of the District will pay 50% cost -share of the purchase price the County negotiates or 50$ of } the' District's value figure, whichever is °f:.... less; the District will assist in developing a <<:. '. 'management plan but will not have active management responsibilities; District will receive an undivided 50$ 4"' 'r "' interest in ownership of the property; and .` the. District will assist in preparing a µed;•,•,".ti Y.:•' purchase contract. . LACC Review and Recommendations: .'On March 27, 1991, LAAC unanimously agreed to declare the Oslo ,,property as qualifying for "emergency acquisition" review underrhe the .,procedures of the draft Land Acquisition Guide. The property i.qualified '':'in that it has environmentally significant ',characteristics warranting protection, and the site is under a :development threat that could irreversibly destroy the property's natural resources and public values. ;•Subsequently, in accordance with draft Guide Procedures, staff wrote a "justification report" in the form of a memorandum to LAAC, which was reviewed and discussed by the Committee on April 24, 1991 (see attached). The staff report to LAAC provides justification as to why the property should be negotiated for purchase in a timely fashion, based on the following points: • the purchase would contribute substantially toward Comprehensive Plan land acquisition commitments; • the purchase would protect a rare association of pristine habitats; • the purchase would protect and provide many social/economic public values (including entomology research international values); �::•; '• : • the purchase would provide needed protection that could not by provided by other protection methods; and • the purchase should occur within the year to take advantage of the SJRWMD cost -share opportunity and owner's willingness to sell. _ 63 �IAY 1�1