8/24/1993 - Laserfiche WebLink

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r AUG 199ki 9 TO: James E. Chandler County Administrator DE HT HEAD CONCURRENCE: Obert Keat ng, CP Community Develo ent rector FROM: Roland DeBloisP Chief, Environmental Planning BOOK , 90 FAA19 DATE: August 17, 1993 RE: Selection of Appraiser to Conduct "Ballpark" Appraisal of Lost Tree and Prang Islands for FCT Grant Application Submittal It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of August 24, 1993. _ DESCRIPTION AND CONDITIONS At. its regular meeting on July 6, 1993, the Board of County Commissioners voted unanimously to authorize staff to submit two separate Florida Communities Trust (FCT) grant applications, for,, cost -share funds to acquire the Lost Tree Islands and the Prang Islands, with the County proposing to pay 60% of acquisition costs. At the July 6; 1993 meeting, the Board also authorized a "ballpark" appraisal of these properties, to be conducted by an MAI certified appraiser for purposes of the FCT application submittal. The submittal of these applications with certified appraiser ballpark estimates has been endorsed by the County Land Acquisition Advisory Committee (LAAO). Staff have since received three bids from local certified appraisers for an appraisal estimate of the islands. This matter is presented to the Board for approval of appraiser selection and for authorization to expend funds for this purpose. ALTERNATIVES & ANALYSIS Time Constraints and Assumptions As presented at the July 6,'1993 Board meeting, The FCT program requires an applicant to submit an accurate estimate of property fair market value. State requirements, however, discourage formal appraisals of property for this purpose. The FCT application submittal deadline is September 8, 1993. FCT staff have indicated that the County could submit revised property cost estimates within a few weeks following formal application submittal. For this reason, the selected appraiser must be capable of providing a "ballpark" estimate within an approximate 3 to 4 week time period. The Lost Tree and Prang Islands are particularly challenging to appraise, due to a number of variables. These variables include the State's present moratorium on bridge and utilities access to undeveloped river islands over state sovereignty waters; local government restrictions on the use of public rights-of-way for bridgeheads, and pending court cases on these subjects.. Also, Lost Tree Village Corporation has indicated that it owns submerged bottomlands extending to the barrier island relating to three of Lost Tree's islands, which cannot be fully researched and verified 22 _ M M