6/12/2001 - Laserfiche WebLink

Home Browse Search

Acquisition Cost- Share & Property Management Tao issues which are important to staff with respect to all proposed purchases are obtammry cost - char. assistance in property acquisition and addressing management costs . • 'Lost- Share As previously indicated . Indian River Count has been awarded a 50 % cost - share grant from the FCT for the purchase , including 50 % of pre-acquisition expenditures ( e . (.T . . environmental audit , surge} . appraisals ) . • Management Costs Besides cost share , management cost is always an issue with environmental lands acquisition . The FCT program , which is highly competitive state-wide . awards points for proiects based on the provision of resource -based public access and use facilities . In order to qualify for FCT cost-share funding . the Count obligated itself in its FCT application to provide limited access and resource - based facilities on the overall project property . Specifically . conditions of the Conceptual Approval Agreement include County provision of nature trails and a wetland boardwalk on the overall Ovster Bar Salt Marsh proiect property . Management of habitat Ie . (., . . exotics removal ) is also required under the cost- share agreement . Because the overall Oyster Bar Salt Marsh is nearby to Round Island County Park. which has existing parking and restroom facilities among other improvements , public access improvements on the subject parcels will be minimal . A bicycle path connection along S . R . AIA can be used for access to the properr from Round Island Park ( Riverside ) . Relating to long term management, the property will be incorporated into the county - wide park system and managed by the Counry Parks Division in coordination with count` environmental planning staff. olunteer groups will be asked to assist the Counn with certain aspects of property management such as nature trail up- keep and litter patrol . A management plan for the overall project was approved by the County Commission and the FCT when the Simmons and Andre parcels of the project were acquired . Addition of the subject parcels will have minimal effect on management commitments already made by the County in acquiring the Simmons and Andre parcels . Attached is a page of the approved management plan summarizing anticipated management costs of the overall Oyster Bar Salt Marsh project . Ap-praisals In accordance with County Land Acquisition Guide and FCT procedures. two independent appraisals were obtained to determine an approved appraised value . The " approved appraised value . " per State and LAAC Guide procedures , is the higher value of the two appraisals , or 1200 o f the lower of the two appraisals if the appraisals diverge by more than 20"o . In this case . the appraisals diverged by 250 u . so the latter approach ( 120 `; o of the lower appraisal ) was used to established the approved value . The FCT requires that the two obtained appraisals be reviewed and approved by a third, independent review appraiser. For LAAC ' s information, attached is an excerpt from the appraisal review report for the overall project, summarizing the appraisers ' valuations of the subject Walker parcels . The appraisal firms selected were Armfield - Wagner Appraisal & Research. Inc . , and W . H . Benson L. Company . The appraised values for the properties are summarized as follows . WALKER PARCFLS - OYSTER BARS SALT MARSH Ownership Approx . Acres Appraised Values Approved Appraised Negotiated Price ( % alue of Approved Upland wetland A raised N alue ) Walker 0 . 65 4 . 30 Amifield . 560.000 S72 ,000 568 .000 ( 94°.o ) Benson 575 . 000 I -J The negotiated purchase price of S68 .000 is - 94° o of the approved appraised value for the subject parcels . June 12 , 2001