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BOOK 4r� PALL County Sondc Expenditure: ±$120,750 (approximate, not including initial management costs) Acreage: ± 14.6 acres (± 4.7 ac. uplands, ± 9.9 ac. wetlands) LAAC Recommendation_ The County Land Acquisition Advisory Committee, at its meetings on January 26, 2000, voted to recommend that the Board of County Commissioners purchase the subject parcels. Principal Conditlon: Closing subject to County Commission and FCT Governing Body approval The proposed acquisition consists of two of the remaining three southernmost parcels of the nine parcel Round Island South project. The overall project was approved in 1996 as a Florida Communities Trust (FCT) 50150 cost -share project: the six northern parcels of the project have already been acquired in partnership with the FCT. Round Island South is one of the original ten sites on the LAAC acquisition list when the land bond referendum was passed in 1992. The project is ranked 3rd out of 13 sites on the current LAAC acquisition list. County bond fiords are available for the purchase under the first series $15 million bond issuance. Procedures adopted by the Board of County Commissioners for environmental land acquisition include confidentiality of appraisals. In accordance with the County's Land Acquisition Guide, and Section 125.355 of the Florida Statutes, appraisals can be released for public information once an option agreement is executed between a seller and the County. Regarding the Casey parcels, an option agreement has been executed (binding the seller to a negotiated purchase price), and subsequently the appraisals were released from confidentiality. When a county exercises its confidentiality right in purchasing real property, Section 125.355, F.S. requires that the county approve the purchase at a public meeting not less than 30 days after appraisals are released and public notice of the meeting is given. Since the Chairman of the Board of County Commissioners, pursuant to authority delegated by the Board, executed a purchase option for the Casey parcels, and since appraisals of the parcels were made public at that time, the Board must now consider whether to exercise its purchase option. Consistent with Chapter 125, F.S. requirements. this decision will be made at the March 21, 2000 public meeting of the Board of County Commissioners. By having given 30 days public notice of this proposed action, the County will have complied with Chapter 125 requirements as well as LAAC Guide requirements to hold a public hearing before purchasing property with land acquisition bond fiords. The County Land Acquisition Advisory Committee (LAAC), at its meeting on January 26, 2000, voted 12-0 to recommend that the Board approve the purchase contract. The two parcels' natural areas include impounded salt marsh (± 9.0 acres), unimpounded wetlands (± 0.90 acres), and tropical maritime harnmock (± 4.7 acres). The combined parcels have ± 315 feet of road frontage on SR AIA. The upland portion of the property is zoned RS -3, Single -Family Residential, up to 3 units per acre. The wetlands portion of the property is zoned Con -2, Conservation, I unit per 40 acres (with a transfer of density right (TDR) of 1 unit per acre). Currently, the subject property is owned by Evelyn S. Casey (two parcels, one of which was formerly owned by Courtney Stewart) The current combined tax assessed value of the parcels is $153,750. March 21, 2000 mr 0 0