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r <br />In coming to terns with FCT and county staff on the negotiated purchase prices (subject to County <br />Commission and FCT approval), the seller has executed a standard FCT purchase contract Option Agreement <br />with minor modifications. A copy of the contract is attached to this staff report. <br />ANALYSIS <br />Purchase of the two parcels will result in County ownership of all of the parcels west of S.R. AIA between <br />Round Island Park (riverside) and the south county line, with the exception of the southernmost (Stebbins) <br />parcel. As with all LAAC site purchase negotiations, staffs objective is to negotiate a purchase price at or <br />below the approved appraised value, and staff has fulfilled that objective in this case. The negotiated <br />purchase price of the Casey parcels, however, is 100% of the approved appraised value, higher than the <br />average of the two appraisals. Because the negotiated purchase price of the Casey parcels is higher than the <br />average of the appraised values, approval of the Casey land purchase will require a "super -majority" (4 out <br />of 5) vote of the County Commission. <br />Conservation Policy 6.3 of the 2020 County Comprehensive Plan commits the County to acquire a minimum <br />of 100 acres of coastal tropical hammock for conservation purposes. Although the County has fulfilled this <br />minimum acreage requirement, the subject parcels contribute to this policy by conserving ± 4.7 acres of <br />tropical hammock. The purchase would also further objectives in the County comprehensive plan relating <br />to open space, recreation, flood plain protection, and tare species conservation. <br />Staff recommends that the Board of County Commissioners approve exercise of the purchase contract for <br />the Casey parcels of the Round Island South LAAC site, and authorize staff to proceed with closing on the <br />subject parcels in coordination with the Florida Communities Trust as a 50% cost -share partner. <br />• Map of Round Island South project parcels management cost estimates <br />• Excerpt from overall conceptual management plan regarding manag <br />• Option Agreement <br />March 21, 2000 <br />88 <br />-I <br />,eM r <br />u WS p <br />-- <br />LUT 3 <br />ROMW ISLAND CO_. PAW <br />• r <br />1�1 <br />s . r <br />C3 <br />r <br />� <br />ACQUIRED) <br />(MMOUSLY <br />r <br />0 <br />?V <br />W <br />O <br />W <br />sualEcr usEY rAsou ctwot <br />SL LURE CQ <br />ROUND ISLAND SOUTH <br />March 21, 2000 <br />88 <br />-I <br />