1. Approve Purchase Agreement with TK Enterprises, LLP, a Maryland limited liability partnership, for the voluntary purchase of +/-0.92 acres in fee simple interest in the amount of $90,000, for the Telegraph Creek Kayak Launch Project, pursuant to the terms of the Purchase Agreement;

2. Authorize the Chair on behalf of the Board to execute the Purchase Agreement;

3. Authorize payment of the necessary costs and fees to complete transaction;

4. Authorize County Lands to handle and accept all documentation necessary to complete transaction;

5. Approve a transfer from reserves in the amount of $95,400;

6. Approve a budget amendment resolution in the amount of $95,400 and increase the FY 18/19 Capital Improvement-Regional Park Impact Fees budget accordingly.
   

Acquires approximately 0.92 acres of land in fee simple interest, for the Telegraph Creek Kayak Launch Project at a cost of $90,000.This parcel will provide land to accommodate a kayak launch along North River Road where it intersects with Telegraph Creek.

The property was previously used by the public as a local kayak launch.  TK Enterprises purchased the property in July 2017 for $26,725.00.  After this purchase, TK enterprises cleared the property and fenced the boundary. Based upon a Determination of Minimum Use, the property qualifies for one single-family residence.

Several complaints were made when the property was fenced. These complaints of denied public launching access at this location led to the determined need to pursue purchase of this parcel when it became available.

The Owner obtained two appraisals based on the ability to construct a single-family residence with a value between $90,000 and $110,000. 

Subject Property:

Vacant land – STRAP No. 15-43-26-00-00008.0000

Land Use – Rural; Zoning – AG-2; Size – 0.92+/- acres

Owner: TK Enterprises, LLP, a Maryland limited liability partnership

The parcel was acquired by the current owner on July 6, 2017 for $26,725.  The appraiser acknowledged that while this was an arm’s length transaction, it was below market.

Appraised Value: $95,000, appraised by T.A. Tippett, Inc. – Thomas A. Tippett, MAI

Purchase Price: $90,000  

Estimated Closing Costs: $5,400 (Costs include environmental assessment, surveying, closing expenses and fees)