Land Acquisition Public Hearing Governing Board November 12, 2002

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Land Acquisition Public Hearing Governing
BoardNovember 12, 2002
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Volusia CountyNorthern Coastal Basin
Smith Property LA 2001W-34
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Smith PropertyLA 2001W-34

• Total area 841 acres
• 169 acres upland (20)
• 672 acres wetlands (80)
• Located five miles east of Deland, adjacent to
  Tiger Bay State Forest

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Smith PropertyAcquisition Benefits

• Links the Volusia Conservation Corridor and Tiger
  Bay State Forest
• Provides water quality and flood protection
• Implements the 2002 FDOT Mitigation Plan
• Priority Water Resource Caution Area/ Regionally
  Significant Habitat

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Smith PropertyTerms and Conditions

• Purchase Price 589,000 for 841 acres
  -700/acre
• Subject to Governing Board approval
• Availability of funding to complete closing (FDOT
  mitigation)
• Survey, title insurance policy and a Level I
  Environmental Assessment acceptable to the
  District
• Removal by Seller, of any structures, trash or
  equipment deemed necessary by the District

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Smith PropertyTerms and Conditions (cont.)

• Subject to a grazing lease with Mr. Smith for one
  year following closing
• Will be managed by the District as part of the
  Fourth Volusia Management Plan

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Smith PropertyAdditional Terms

• Sellers Costs Title Insurance, Documentary
  stamps, Level II Environmental Assessment, and
  remediation, if required, and costs of correcting
  title if necessary
• Buyers Costs Preparation of documents to
  complete closing, survey, recording fees, and
  Level I Environmental Assessment

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