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_I <br />PooK 97 '%E576 <br />TO: James E. Chandler <br />County Administrator <br />DEPA TMENT HEAD CONCURRENCE: <br />Robert M. Keating AICP <br />Community Development rector <br />FROM: Roland M. DeBlois, `ICP <br />Chief, Environmental Planning <br />DATE: March 11,.1996 <br />SUBJECT: PROPOSED PURCHASE OF CAIRNS TRACT LAAC SITE <br />It is requested that the information herein presented be given <br />formal consideration by the Board of County Commissioners at its <br />regular meeting of March 19, 1996. <br />SUMMARY <br />Staff recommends that the Board of County Commissioners approve the <br />purchase of the Cairns Tract property using land acquisition bond <br />funds. The purchase option contract (already executed by the seller) <br />is summarized as follows: <br />Purchaser: Indian River County Board of county <br />Commissioners / Conservation & Recreation <br />Lands (CARL) Program (State will hold title) <br />Seller: Robert A. Cairns.(as-an individual and as trustee) <br />Cost -Share: Conservation & Recreation Lands Program (50%) <br />(includes share of acquisition costs) <br />Total Price: $10,600,000 (+$78,200 per acre west of AlA; <br />+$3,680 per oceanfront foot east of AlA) <br />Other Costs: +$13,000 (appraisals & environ. audit; title insurance <br />Eo be paid by seller, survey paid by State) <br />County Bonds <br />Expenditure: +$5,308,000 <br />Acreage: +104.64 Acres (2 tracts: 87.4 ac. & 17.24 ac.) <br />Principal Condition(s): <br />• Closing subject to County Commission and Governor & Cabinet <br />approval; State will hold title and will be responsible for <br />management (County may choose to participate in management, <br />particularly along Jungle Trail). <br />LAAC Recommendation: <br />• At its January 31, 1996 meeting, the Land Acquisition Advisory <br />Committee (LAAC) voted unanimously to recommend that the Board of <br />County Commissioners deny the proposed purchase, and recommended that <br />staff pursue alternatives. The main reasons cited by LAAC for <br />recommending denial were the high per acre cost (relative to land <br />costs in other parts of the county) and the potential loss of tax <br />base (see attached LAAO minutes). _ <br />.DESCRIPTION AND CONDITIONS <br />The subject Cairns property is the main component of the Jungle <br />Trail South LAAC site, currently ranked 7th out of 20 projects on <br />the LAAC site acquisition list. The property is located on the <br />barrier island, south of the Sea Oaks development, extending from <br />the Indian River Lagoon to the ocean. The ocean front portion of <br />the property is north and south of the Grand Harbor Beach Club. <br />36 <br />March 19, 1996 <br />