9/17/1996 - Laserfiche WebLink

Home Browse Search

BOOK 99 PAGE 148 The Board reviewed a Memorandum of September 11, 1996: TO: James E. Chandler County Administrator DE TMENT HEAD CONCURRENCE: Bober Keat n , AICP Community Development D ctor FROM: Rbland M. DeBloisP Chief, Environmental Planning DATE: September 11, 1996 SUBJECT: PROPOSED PURCHASE OF ATLANTIC GULF COMMUNITIES (AGC) INDUSTRIAL TRACT SCRUB LAAC PROJECT It is requested that the information herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of September 17, 1996. SUMMARY Staff recommends that the Board of County Commissioners purchase (with bond funds) the Atlantic Gulf Communities (AGC) Industrial Tract Scrub property. The proposed purchase contract (already executed by the seller) is summarized as follows: Purchaser: Indian River County Board of County Commissioners / Florida Communities Trust (Indian River County will hold title) Seller: Atlantic Gulf Communities Cost -Share: Florida Communities Trust (40%) (includes share of acquisition costs) Total Price: $400,000 (average +$5,263 acre) Other Costs: +$30,000 (appraisals, environ. audit, title Insurance, management plan) Countq Bonds Sxpenditurez +$263,000 (not including initial management costs) Acreage: +76 acres Principal Condition: • Closing subject to county Commission and FCT Governing Body approval of purchase contract and project plan, including management plan. LAAO Recommendation: • The County Land Acquisition Advisory Committee (LAAO), at its meeting on August 28, 1996, voted unanimously to recommend that the Board approve the purchase contract and draft management plan, with the condition that the management plan be subject to modification depending on whether the County proceeds with acquisition of the adjacent St. Sebastian P.U.D. LAAO site. DESCRIPTION AND CONDITIONS The subject AGC Industrial Tract Scrub property was approved in 1995 as a Florida Communities Trust (FCT) 60/40 cost -share project. The property is currently ranked 5th out of 15 projects on the LAAC site acquisition list. The City of Sebastian has expressed support of the overall project because the project will contribute toward alleviating conflicts within the City concerning endangered species protection vs. private development rights. In its application for state cost -share funding, the County chose to be the lead agency for pre-acquisition tasks and negotiations. During the past year, the county's acquisition consultant, in coordination with county staff, has conducted pre-acquisition tasks and negotiations. Since the seller, Atlantic Gulf Communities, recently accepted and executed a purchase contract Option Agreement for the project, appraisal results and other confidential information have recently been released. SEPTEMBER 17, 1996 24