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would arise if the property was developed as a residence, whereby public access would then have to "horse shoe" around the property. Because there is a Public Works project design need. as well as a benefit to conservation lands, the proposal is to cost -share Public Works funds with county environmental land bond funds. $8.000 in Public Work project funds are available for the acquisition, which amounts to a —27% match with environmental land bond funds. Relating to long term management. the canoe launch facility will be incorporated into the county -wide park system and managed by the County Parks Division. The overall Fischer -Sebastian River property will be managed by the State as part of the St. Sebastian Buffer Preserve. In accordance with County Land Acquisition Guide procedures, only one appraisal was required to determine an appraised value for negotiations. The single appraisal allowance applies only to properties valued at less than $500,000. The appraisal firm selected was Armfield -Wagner Appraisal & Research, Inc. The appraised value for the property is summarized as follows. Ownership Approx. Acres Appraised Value Negotiated Price (% of Appraised Value) 11 Upland Wetland fCraig T. Proctor 1 1.03 1' 0.00 1 S22.500 530.000 (133%) II In coming to terms with county staff on the negotiated purchase price (subject to County Commission approval), the seller has executed a standard Florida real estate contract. A copy of the contract is attached to this staff report. The Proctor parcel is not on the current LAAC acquisition list as a distinct project. Moreover, the Fischer - Sebastian River tract has been taken offthe list, because it has been acquired. Notwithstanding, county staffs position is that the Proctor purchase can be considered under County environmental land program procedures, consistent with the County Land Acquisition Guide. Since the Proctor parcel is contiguous to the Fischer tract and will serve to provide passive recreational access, while minimizing impacts to natural lands on the Fischer tract, the Proctor parcel can be considered a boundary amendment to the existing Fischer -Sebastian River LAAC site. From another standpoint, the Proctor purchase can be considered consistent with the Guide as an "emergency acquisition," such that there is a need to consider the purchase outside of the normal nomination and ranking time frames in order to meet canoe launch design needs and _ FRDAP grant time constraints, as well as to capitalize on the seller's willingness to sell at this time. LAAC, in its consideration of the purchase at its October 25, 2000 meeting, agreed with staffs interpretation of Guide procedures and recommended that the Board proceed with the purchase. As with all LAAC site purchase negotiations, staffs objective is to negotiate a purchase price at or below the approved appraised value. In that respect. efforts were made to negotiate the Proctor purchase below the appraised value of $22,500. The seller, however, was not willing to sell at less than 530.000. Due to the relative low cost of the property compared to canoe launch design costs and compared to other environmental land purchases, as well as the need to acquire the parcel for practical design. habitat impact minimization. and avoidance of adjacent land use conflicts, staff decided to proceed with obtaining a purchase contract at the seller's price of $30.000, 133% of the appraised value. November 7, 2000 148 BK 1 15 PG 81 5 7