Agenda Item Name:
Title
Addition of the Property of Limerock Mines LLC, et al to the Active Acquisition List
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Presenter:
Charlie Houder / (352) 264-6804
Description:
Staff requests the Board of County Commissioners (BoCC) approve the addition of property owned by Limerock Mines LLC, et al to the Active Acquisition List as a Bargain/Share project.
Addition of these projects to the Active Acquisition List, authorizes staff to: obtain title work and appraisals, negotiate price and terms with the owners, and execute option contracts.
The execution of any Option, will be brought back to the Board for consideration.
Recommended Action:
Recommended Action
Approve the addition of property owned by Limerock Mines LLC, et al to the Active Acquisition List as a Bargain/Share project.
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Prior Board Motions:
N/A
Fiscal Consideration:
Fiscal Consideration
Limerock Mines - Cost Estimates:
* $84,500 :Acquisition Pre-Contract & Due Diligence
* Tier 1 Stewardship: (No Public Access & No Restoration - only site security)
o 10-year stewardship costs are estimated to be $371,500
* Initial improvements: $231,000
* Operating costs: $14,050/year ($140,500/10 years)
* Tier 2 Stewardship: (Public Access to water, by appointment - no land improvements)
o 10-year stewardship costs are estimated to be $926,500
* Physical improvements: $266,000
* Operating costs: $66,050/year ($660,500/10 years)
* Tier 3 Stewardship: (Full Public Access - Costs provided by Parks & Open Space staff)
o 10-year stewardship costs are estimated to be $5,444,962
* Physical improvements: $1,349,712
* Operating costs: $409,525/year ($4,095,250/10 years)
Due Diligence - Operation: 021.41.4160.537.31.00 - 6184160
(Exhibit 2 - Provides detail for Tier 1, Tier 2, and Tier 3 stewardship scenarios)
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Background:
The 316.96 property lies northwest of High Springs, west of I-75 and south of CR 236. Ownership is held by Limerock Mines LLC, High Springs Lime Rock LLC, and SP Lime Rock LLC al...
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