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<br /> I he propem is located on the oceanfront north of Golden Sands Countv Beach Park ( see attached map ) . The
<br /> County closed the purchase in August 1998 . under the premise that it will proceed to obtain cost - share
<br /> reimbursemegt under the State Conservation and Recreation Lands ( CARL ) pro _ram .
<br /> Prior to county purchase of the propem' . in 1995 . the Counn executed a 'Alulti - Pam Acquisition
<br /> Agreement " with the Division of State Lands ( DSL ) for the State to buy the propem for inclusion in the
<br /> ".Archie Carr Sea Turtle Refuge " project under the CARL program . The Agreement is for 50 `So cost - share
<br /> of the approved appraised value . including 500o cost - share of acquisition costs . with the exception of
<br /> appraisals , which were paid for with County bond funds .
<br /> The DSL has completed its review and acceptance of appraisals and surveys of the Spallone propem• , and
<br /> is now ready to schedule the project reimbursement for final Governor and Cabinet approval . In order to
<br /> finalize reimbursement and closing with the State . attached is an Option Agreement for Saie and Purchase
<br /> of the Spallone propem from the County to the State , for the Board ' s approval consideranon .
<br /> ANALYSIS
<br /> The attached Option Agreement is comparable to other option contracts that the Counn has executed ( i . e . .
<br /> the Fischer- St . Sebastian River property option contract ) as part of cost - share agreements with the State for
<br /> the purchase of environmental lands .
<br /> Attached is an August 16 , 2000 memorandum from the Counn attornev regarding his re % ie « of the simiia-
<br /> Fischer propem Option that was subsequently approved by the Board . The .August 2000 memorandum is
<br /> relevant to the Spallone Option, in that it contains the same provisions that are the subiect of the atiorric ' s
<br /> IT memorandum . In order for the Board to make an informed decision , the Counn aaorne% s memorandum
<br /> summarizes certain provisions of the Option that run in favor of the State ( and not in favor of the Counn I .
<br /> County planning staff s position is that the risks to the County under the provisions of the Option are
<br /> minimal , and that the Counn should consider moving forward with approval of this standardized Option
<br /> .Agreement .
<br /> Interest Conveved ; Right of Re-entry
<br /> When the Counry executed the Multi - Pam,- Acquisition Agreement in 1995 . and when the Board approved
<br /> purchase of the Spallone tract in 1998 and directed staff to seek cost- share reimbursement , it was understood
<br /> that the CARL program policy at that time was that the State would receive full title to the propem , and that
<br /> the County would retain an interest in the form of a "right of re- entrv" ( similar to what the Counn,- agreed
<br /> to on cost- share of the Cairns tract and Fischer tract purchases ) . Since that time . the Counn has insttLated
<br /> a change in the State ' s policy such that now the State is more amenable to shared title for new projects .
<br /> However. since the Spallone tract was acquired under the previous policy and agreement. the attached Option
<br /> A_Treement . as structured. will convey full title interest of the Spallone propem to the State . and contains
<br /> a right of re - entry clause . Once Conveved to the State , the propem will become a part of the contiguous
<br /> .Archie Carr National Wildlife Refuge. and will be managed by the U . S . Fish and Wildlife Service ( F' 'VS ) as
<br /> part of the Refuge .
<br /> REC ON11IF \D4TIO
<br /> Staff recommends that the Board of County Commissioners approve the attached Option Agreement for
<br /> County sale of the Spallone-ACSTR propem to the Board of Trustees of the Internal Improvement Trust
<br /> Fund at the pnce of 5245 .000 . and authorize the Board Chairman to execute the document and other
<br /> documents as necessary to facilitate the sale closing .
<br /> ATTAC'HNIFNTS •
<br /> 1 . Location map
<br /> 2 . County attorney ' s August 16. 2000 memorandum
<br /> - . Option Agreement
<br /> 4 . 1995 Multi -Parry Acquisition Agreement
<br /> June 12 , 2001
<br /> 53 , ~ ®
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