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6/1/1999
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6/1/1999
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
06/01/1999
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BOOKo, 9fAGt Z ,A <br />Total Prim; $260,000 (±$134,715 per acre) - <br />Other Cods. ±$10,000 (appraisals, environ. audit, title insurance) <br />stimatW <br />County Bonds <br />Fanenditn— ±$135,000 (approximate, not including initial management costs) <br />A r aoe: + 1.93 acres <br />The County Land Acquisition Advisory Committee (LAAC) is scheduled to consider this matter at <br />its May 26, 1999 meeting, after the BCC agenda packet deadline for this item. LAAC's <br />recommendation will be orally presented to the Board by staff at the June 1, 1999 Board meeting. <br />Closing of the property, in the event the County does not reach agreement with prospective buyer <br />Tom Collins, will be subject to Board of County Commissioners and FCT Governing Body approval <br />of purchase contract and project plan, including an overall project management plan. <br />The Blue Goose project was approved in 1998 as a Florida Communities Trust (FCT) 50/50 cost -share <br />project The property is currently ranked 9th out of 13 projects on the LAAC site acquisition list The ±1.93 <br />acre "Preuss parcel" is one of three separate ownerships in the overall ±25 acre Blue Goose project. <br />In its application for state cost -share funding, the County chose to be the lead agency for pre-acquisition <br />tasks and negotiations. During the past year, the county's acquisition consultant, in coordination with county <br />staff, has conducted pre-acquisition tasks and negotiations. Since the seller recently accepted and executed <br />a purchase contract Option Agreement for the project, appraisal results and other confidential information <br />can now be released. <br />The County Land Acquisition Advisory Committee (LAAO is scheduled to consider this matter at its May <br />26, 1999 meeting, after the writing of this agenda item. LAAC's recommendation will be orally presented <br />to the Board by staff at the June 1, 1999 Board meeting. <br />This public hearing has been advertised 30 days in advance to fulfill a State statute requirement that the <br />County hold a public meeting after having provided at least 30 days advertised public notice to formally <br />consider approving and exercising its purchase option for the Preuss property. <br />The State requirement that the Board hold a public meeting to consider exercising its option after having <br />provided 30 days advertised notice of the meeting applies because the County chose to keep its appraisal of <br />the subject property confidential until the seller executed a binding option contract. Once that option <br />contract had been signed, the appraisal was released and has been available to the public during the 30 day <br />period prior to the advertised public meeting. Besides meeting State statute requirements, the hearing on <br />the Preuss property will serve to meet a Land Acquisition Guide requirement that the County hold a public <br />hearing prior to purchasing any property with land acquisition bond funds. <br />The subject Preuss parcel is located south of Earring Point Road, approximately 1/4 mile south of S.R. 510, <br />west of Jungle Trail. Earring Point Road is a one -lane unpaved ingress/egress easement that is the sole land <br />access to the Preuss parcel. <br />The parcel is zoned RS -1, single-family residential, up to one unit per acre, with a Comprehensive Plan Land <br />Use designation of L-2, low density residential, up to 6 units per acre. The property supports mangrove fringe <br />along over 700 feet of Indian River Lagoon frontage. Approximately 0.80 acres of the property is under a <br />conservation easement held by the State Department of Environmental Protection (DEP), as mitigation for <br />fill placement allowed on the property in 1989. A septic tank exists on the eastern portion of the property <br />that was installed in that approximate time period. <br />Although the property is irregularly shape and is partially restricted by an existing conservation easement, <br />county planning staff has confirmed that the parcel has sufficient development area for one single-family <br />residence, including an accessory boat dock. <br />Currently, the subject property is owned by Daniel I. Preuss, Trustee, Barbara B. Lynch, Trustee, and Wayne C. <br />Sommers. The current tax assessed value of the property is $98,430. <br />JUNE 19 1999 <br />
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