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Contract In coming to terms with FCT and county staff on the negotiated purchase prices ( subject to County Commission and FCT approval ) , the sellers have executed standard FCT purchase contract Option Agreements with minor modifications . Copies of the contracts are attached to this staff report . ANALYSIS Appraised Value As with all LAAC site purchase negotiations , staff' s objective is to negotiate a purchase price at or below the approved appraised value, and staff has fulfilled that objective in this case . Notwithstanding , the negotiated purchase price of the Walker parcels is above the average of the two appraisals . Because the negotiated purchase price is higher than the average of the appraised values , approval of the Walker land purchase will require a " super-majonty" (4 out of 5 ) vote of the County Commission . The appraisals of the Walker parcels were based on estimates of upland and wetland acres. short of a formal survey that will be required prior to closing . The option agreement references that if upland wetland acreage estimates change based on the survev, thus affecting property value, the seller ( or the County ) may opt not to sell or buy under the current option . If such an adjustment occurs, staff will bring the matter back to the Board for further consideration . C lasina the C;� p In light of the County ' s purchase of the Simmons and Andre parcels. the Walker property purchase is important from the standpoint of closing a private ownership gap between those acquired parcels . Clos = the gap is important for project management purposes . A purchase contract on the other remaining onnershtp in the "gap " ( McClarty ) is expected to be forthcoming in the near future . Comprehensive Plan Acquisition Commitment Conservation Policy 6 . 3 of the 2020 County Comprehensive Plan commits the County to acquire a minimum of 100 acres of coastal tropical hammock for conservation purposes . Although the Countv has fulfilled this minimum acreage requirement, the subject parcels contribute slightly to this policy by consen mg - 0 . 6 acres of tropical hammock. The purchase would also further objectives in the County comprehensive plan relating to open space , recreation, flood plain protection , and rare species conservation . RFCC) MNTEvMATION : Staff recommends that the Board of County Commissioners approve exercise of the purchase contract for the Walker parcels of the Ovster Bar Salt Marsh LAAC site, and authorize staff to proceed with closinL on the subject parcels in coordination with the Florida Communities Trust as a 50010' cost- share parmer . ATTACHMFyTS - • Map of Ovster Bar Salt Marsh project and the Walker parcels • Excerpt from draft conceptual management plan regarding management cost estimates • Excerpt from review appraisal report relating to the Walker parcels • Option Agreement June 12 , 2001 44 tj e 1 f � { t' •� Y..e 91 6 1 `�; 1� vj k✓