7/14/1998 - Laserfiche WebLink

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• • Cost -Share Approximately three years ago, the County executed a Multi -Party Acquisition Agreement with the Department of State Lands (DSL) for 50% cost -share of properties in the Archie Carr State CARL project, including the Spallone property. In contrast to the Florida Communities Trust (FCT) program, the CARL program is structured such that the State receives full title to the property. However, in light of recent title interest issues raised by the County concerning the Carson Platt Estate purchase, the State Land Acquisition and Management Advisory Council (LAMAC) is considering a change in its policies to allow the County to hold an undivided title interest on properties acquired with county cost -share funds. • Management If acquired, the Spallone Tract will be incorporated with the Golden Sands Park property and managed by the County. It is anticipated that purchase of the Spallone Tract will not significantly increase management costs that the County already incurs in managing Golden Sands Beach Park. That is because public access improvements on the Spallone Tract are not necessary, since the property is contiguous to Golden Sands which has public access. The Spallone property does partially contain an unofficial beach/vehicle access that was created over past years by trespassers. If the property is purchased, county management tasks will include blocking the illegal access and policing regularly for litter clean-up. Moreover, there is an opportunity for the County to restore areas disturbed by illegal access by planting native hammock and coastal strand species in those areas. Funding grants and volunteers could be sought over time for the restoration, at minimal cost to the County. *Appraisals In accordance with County Land Acquisition Guide and State procedures, two independent appraisals were obtained to determine an approved appraised value. The two appraisal firms selected were Real Property Analysts, Inc., and S.E. Baker Group, Inc. The appraised values .are summarized as follows. SPALLONE TRACT APPRAISALS APPRAISER VALUE % DIVERGENCE APPROVED APPR. VALUE S.E. Baker Group $460,000 - Real Property Anal. $495,000 6.5% $495,000 The negotiated purchase price of $490,000 is 99% of the approved appraised value. • Contract In coming to terms with DSL and county staff on the negotiated purchase price (subject to County Commission and State approval), the seller has executed a standard DSL purchase contract Option Agreement with minor modifications. A copy of that contract is attached to this staff report. July 14, 1998 37 • b0"K _10b" FnE 206