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Boa 97 Phar 229 <br />DESCRIPTION AND CONDITIONS <br />The subject Prang. Island(s ) project has been under consideration by <br />LAAC since the Committee began reviewing sites in 1990. The Prang <br />Island(s) project is currently ranked 18th out of 20 projects on <br />the LAAC site acquisition list. The Vero Beach City Council has <br />expressed strong support of the project acquisition since the <br />project was initially identified for acquisition. <br />Site Characteristics <br />The project consists of two islands in the Indian River Lagoon, <br />located within Vero Beach city limits just west of Castaway Cove <br />Wave IV. The larger of the two islands (Prang Island) consists of <br />+19.5 acres, -+2.9 acres'of which are mangrove wetlands. A +5 acre <br />tropical (maritime) hammock exists on the south portion of Prang <br />Island, with the remainder of the island consisting of Brazilian <br />pepper and Australian pine. The existence of exotics is primarily <br />due to past spoil deposit. A make -shift campsite exists under the <br />Australian pine canopy on the north portion of the island, and a <br />+4.3 acre seagrass bed exists along the northwest shore of Prang <br />Island. <br />The smaller north island, "Little Prang", is +7 acres in size, +1 <br />acre of which is mangrove fringe wetlands. Approximately +4.5 acres <br />of Little Prang Island are disturbed with Brazilian pepper and <br />Australian pine vegetation. <br />Prang Island is located near a known historic Ais Indian village <br />site on the adjacent barrier island, and an archaeological shell <br />midden is reported on Prang Island. The island's name comes from <br />the Prange family who homesteaded the island in the late 1800s. <br />Evidence of the Prange homestead exists in the maritime hammock <br />portion of the island. <br />Prang Island has a land use designation of RL, Low Density <br />Residential, up to 5 units per acre. Little Prang has a land use <br />designation of ES, Environmentally Sensitive, with a development <br />density of up to one unit per 5 acres. The current owner has <br />obtained preliminary plat approval for 20 single-family residential <br />lots on Prang Island. However, because the State prohibits bridges <br />to such islands and public utilities are not available, final <br />approval for development of the 20 lot subdivision has not ,been <br />forthcoming. <br />•Ownership Characteristics <br />Currently, the subject property is owned by the Idlewyld <br />Corporation, Inc., represented by Ronald Rathburn. Public records <br />indicate that the subject property was purchased by the current <br />owner in 1979 as part of a bigger tract that has since been <br />developed as Castaway Cove. The current tax assessed value is <br />$122,930. <br />•Acquisition Cost -Share a Property Management <br />Two issues which are important with respect to all proposed <br />purchases are obtaining cost share assistance in property <br />acquisition and addressing management costs. <br />58 <br />FEBRUARY 6, 1996 <br />M <br />M <br />