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DESCRIPTIO \ A1DCOYDITIO 'vS The proposed acquisition consists of two tax parcels in the Oyster Bar Salt Marsh proiect . The Walker propeis one of two ownerships in the "gap " between the Simmons and Andre parcels trial m at were acquired by the County earlier this vear . The Walker purchase would bnng the total area of acquired lands to —96 acres . The overall project was approved in 1998 as a Flonda Communities Trust ( FCT ) 5W50 cost -share project . Ovster Bar Salt Marsh was added to the LAAC acquisition list in 1997 . The project is ranked 5th out of 14 sites on the 2001 LAAC acquisition list . County bond funds are available for the purchase under the first series S15 million bond issuance . In its application for state cost- share funding, the County chose to be the lead agency for pre-acquisition tasks and negotiations . Dunne the past year, the county's acquisition consultant, in coordination with count% staff. has conducted pre-acquisition tasks and negotiations . Since the seller recently accepted and executed a purchase contract Option Agreement, appraisal results and other confidential information can now be released . Confidentiality * 4dverticed P ffilic M etino 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 Walker 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 authonty delegated by the Board, executed a purchase option for the Walker 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 June 12 , 2001 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 L.AC Guide requirements to hold a public hearing before purchasing property with land acquisition bond funds . LAAC Recommendltian The County Land Acquisition Advisory Committee , at its meeting on May 30 , 2001 . voted unanimously to recommend that the Board approve the purchase contract . Site Charnctericticc The parcels natural areas include impounded salt marsh i = 4 . 3 acres ) and tropical maritime hammock with some Brazilian pepper disturbance ( - 0 . 65 upland acres ) . The parcels have - 60 feet of road frontage on SR AIA . The upland portion of the propem is zoned RS - 3 . Single - Family Residential . up to 3 units per acre . The wetlands portion of the propem is zoned Con - 2 . Conservation . f unit per 40 acres 0� ith a transfer of densir% richt ( TDR ) of 1 unit per acre ) _ SZF4ncrchip Ch � r � � t rich c The subiect parcels under contract are owned Donald E . and Demans Walker. The current tax assessed value of the parcels is S60 , 230 . June 12 , 2001 42