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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: James E. Chandler <br />County Administrator <br />DEF rMENT HEAD CONCURRENCE: <br />Robert M. ite�9,ommunity De <br />tor <br />FROM: Roland M. De010 h, Cp <br />Chief, Environmental Planning <br />DATE: September 11, 1996 <br />SUBJECT: PROPOSED PURCHASE Or 47 INDIVIDUAL LOTS WITHIN THE <br />SEBASTIAN HIGHLANDS SCRUB LAAC PROJECT ("PHASE II") <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 September 17, 1996. <br />Em T <br />Staff roc«+monde that the hoard of County Wxmissionara purchase <br />(with bond funds) 47 individually owned lots, as a second phase of <br />acquisition within the Sebastian Highlands Scrub project. The <br />purchase contracts (already oxecuted by the sellers) are sumaarited <br />as follows: <br />Purchaser: Indian River County Board of County <br />Cows iasi.oners / Florida Ccavnunitios Trust <br />(Indian River County will hold title) <br />Seller; 41 Individual Lot Oanora (see attached list) <br />coot -share: Florida Carraunitloa Trust (SGt) <br />(includes share of acquisition coats) <br />t 3 $445 <br />Total Prlcog $796,900 (nvarogo Y$Sr46t per lot) <br />other CnoEs: *$30,000 (appraisal, environ. audit, title <br />insurance, management plan) <br />$52,650.96 (utilities water line aassssaento applying <br />to 3) of the 47 lots) <br />C��O����e���n����t�gBAtldn <br />Bxturo; 1$266,109 (not Lncluding initial management coots) <br />is rsa�s: 47 Lots (11/4 acre each, +11.75 acroaj <br />Pr-Lsr71 Cond Lt loot <br />• Closing subject to County Cccmission and PCT Governing Body approval <br />of purchase contracts and project plan, including management plan. <br />staff is recoarnanding that the County pay the recently assessed <br />Utilities water lino aasessmsnt fees with toad (undo, as part of <br />acquisition coats, <br />f.AAc $teccosndat fon: <br />> The County Land Acquisition Advisory Committee (LAAO), <br />at its sweeting on August 28, 1996, voted 14 to 1 to <br />recomnond that the Hoard not approve the purchase <br />contracts, maintaining its poeitlon that the overall <br />project should not Be acquired becausa of anticipated <br />management difficulties, since the property is loaatod <br />within an active, developing subdivision. <br />