- Alachua County Property Appraiser (ACPA) Value & Acquisition Due Diligence: $51,200
- Due Diligence: title work, appraisal, survey, environmental assessment
- Stewardship, initial 10 years: $85,316
Total estimated cost for acquisition and stewardship: $136,516
The current annual property tax revenue of all the project parcels is: $547.49
Lochloosa Connector – Richardson Brothers Inc. (Conservation Easement) - Cost Estimates:
- ACPA Value & Acquisition Due Diligence: $77,200
- Due Diligence: title work, appraisal, survey, environmental assessment, baseline documentation report
- Stewardship, initial 10 years: $5,500
Total estimated cost for acquisition and 10-year stewardship: $82,700
The current annual property tax revenue of all the project parcels is: $697.84
Section 196.26(3) F.S. states, “Land that is dedicated in perpetuity for conservation purposes and that is used for allowed commercial uses is exempt from ad valorem taxation to the extent of 50 percent of the assessed value of the land.”
County would only purchase development rights, so acquisition costs would be much less than stated above (excluding remaining land rights and all site improvements).
Estimated stewardship costs for the initial 10 years for both properties total: $219,216.
Sufficient budget exists in the Wild Spaces Public Places Land Allocation for these costs.
Project 6184160- WSPP-General Operating & Due Diligence: 021.41.4160.537.31.00
Project 6194101-WSPP-Land Acquisition: 021.41.4160.537.61.00
If the WSPP Surtax budget in Fund 021 is exhausted if/when either of these parcels are brought to the Board for acquisition, they will be funded from the new surtax (beginning 1/1/23) with budget in Fund 140.
(Exhibit 5)
Strategic Guide:
Environment