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• Acreage: ± 90.61 acres (± 5.93 ac. uplands, ±.84.68 ac. wetlands) t.AAC Recommendation: The County Land Acquisition Advisory Committee (LAAC), at its meeting on October 25, 2000, voted unanimously to recommend that the Board of County Commissioners purchase the subject parcels. Princig ai Condition: Closing subject to County Commission and FCT Governing Body approval The proposed acquisition consists of eight of the nineteen tax parcels in the Oyster Bar Salt Marsh project. and —91 acres (-62 %) of the total —147 acre project. The overall project was approved in 1998 as a Florida Communities Trust (FCT) 50150 cost -share project. Oyster Bar Salt Marsh was added to the LAAC acquisition list in 1997. The project is ranked 11 out of 13 sites on the current LAAC acquisition list. County bond funds are available for the purchase under the first series $15 million bond issuance (see Attachment #5). 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 sellers recently accepted and executed purchase contract Option Agreements, appraisal results and other confidential information can now be released. 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 Simmons and Andre parcels, option agreements have been executed (binding the sellers 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 Simmons and Andre 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 November 7, 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 funds. The County Land Acquisition Advisory Committee, at its meeting on October 25, 2000, voted 12-0 to recommend that the Board approve the purchase contracts. The eight parcels' natural areas include impounded salt marsh (± 85 acres), and tropical maritime hammock with some Brazilian pepper disturbance (± 5.93 upland acres). The parcels have ± 865 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, 1 unit per 40 acres (with a transfer of density right (TDR) of 1 unit per acre). November 7, 2000 123 •