Title: SAVE OUR RIVERS, Estimated Cost Breakdown by Project. 19 projects listed. July 15, Revised Sept. 9, 1981. 7p.
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Title: SAVE OUR RIVERS, Estimated Cost Breakdown by Project. 19 projects listed. July 15, Revised Sept. 9, 1981. 7p.
Physical Description: Book
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Spatial Coverage: North America -- United States of America -- Florida
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Funding: Digitized by the Legal Technology Institute in the Levin College of Law at the University of Florida.
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Bibliographic ID: UF00052578
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: Levin College of Law, University of Florida
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SAVE OUR RIVERS
ESTIMATED COST BREAKDOWN
^ BY PROJECT


NOTE: Wherever used herein "Ancillary Cost Factor" is defined as
estimated costs over and above actual land cost such as District and
Landowner attorney and appraiser fees, as well as other fees and costs
which may be incurred during negotiation and/or condemnation proceedings.


I. GREEN SWAMP PROJECT

A. Hampton Parcel 10-200-157

Approximately 6,744 acres to be negotiated with a long-term
agreement specifying incremental purchases (options) over a
ten-year period. The first purchase is based on $900.00 per
acre with the remaining purchases increasing approximately 10
percent (i.e., inflation factor) per year over the term of the
agreement. It should be noted that a 10 percent ancillary
cost factor has been added in the estimate for the first
purchase to cover the appraisal costs as well as attorney fees
for preparation of the initial agreement. This methodology is
assuming that the subsequent purchases would be routine in
nature and would therefore not require as great attorney
involvement as the initial negotiation and purchase. The
Following is a breakdown by purchase of the estimated total
cost of Parcel 10-200-157:

Purchase Cost Per Estimated Cost
Number Acreage Acre Per Purchase

"1 674 X $ 900.00 = $ 665,000.00 *

2 674 X 990.00 = 667,260.00

3 674 X 1,089.00 = 733,986.00

4 674 X 1,197.90 = 807,384.60

5 674 X 1,317.69 = 888,123.06

6 674 X 1,449.45 = 976,926.30

7 674 X 1,594.39 = 1,074,618.86

8 674 X 1,753.82 = 1,182,074.68

9 674 X 1,929.20 = 1,300,280.80

10 674 X 2,122.12 = 1,430,308.88
$ 9,725,963.18 Say
Includes 10% Ancillary Factor
TOTAL ESTIMATED COST $ 9,725,000.00

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B. Kinsinger Parcel 10-200-158

Approximately 1,144 acres to be negotiated by agreement
(options) providing for two (2) purchases the first purchase
is based on $900.00 per acre plus a 10 percent ancillary cost
factor with the second purchase increasing approximately 10
percent (i.e., inflation factor). The following is a break-
down of the estimated cost of the two purchases:

Purchase Cost Per Estimated Cost
Number Acreage Acre Per Purchase

1 572 X $ 900.00 = $ 565,000.00 *

2 572 X 990.00 = 566,280.00
$ 1,131,280.00 Say
"*Includes 10% Ancillary Factor
TOTAL ESTIMATED COST $ 1,130,000.00

C. Remaining small tracts to be acquired within Green Swamp Flood
Detention Area approximately 4,907 acres to be negotiated
and/or condemned if necessary. Total estimated cost at this
time based on $900.00 per acre plus a 25 percent ancillary
cost factor.

4,907 Acres X $ 900.00 Per Acre = $ 4,416,300.00
+ 25% Ancillary Factor 1,104,075.00

$ 5,520,375.00 Say

$ 5,520,000.00

D. Upper Hillsborough Flood Detention Area

Approximately 8,056 acres remaining to be acquired either by
negotiation and/or condemnation if necessary. Total estimated
cost at this time based on $900.00 per acre plus a 25 percent
ancillary cost factor.
8,056 Acres X $ 900.00 Per Acre = $ 7,250,400.00

/1 + 25% Ancillary Factor 1,812,600.00
$ 9,063,000.00





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(J-A A W ..









RECAP OF CORRIDORS

A. 1,918 acres $ 2,157,750 Estimated Cost

B. 11,048 acres 12,429,000 Estimated Cost

C. 2,287 acres 2,858,750 Estimated Cost

15,253 Total $17,445,500 Say
$17,446,000

III. ANCLOTE STORAGE LANDS (STARKEY)

Approximately 4,000 acres to be negotiated by agreement (options)
providing for four (4) purchases. The first purchase would be
based on $1,000.00 per acre with the remaining purchases increasing
approximately 10 percent (i.e., inflation factor) per year over the
term of the agreement. It should be noted that a 10 percent
ancillary factor has been added in the estimate for the first
purchase to cover the appraisal costs as well as District/Landowner
attorney fees for preparation of the initial agreement. This is
assuming the remaining purchases would be routine in nature. The
following is a breakdown of the four purchases:

Purchase Cost Per Estimated Cost
Number Acreage Acre Per Purchase

1 1,000 X $1,000.00 = $ 1,100,000.00 *

2 1,000 X 1,100.00 = 1,100,000.00

3 1,000 X 1,210.00 = 1,210,000.00

4 1,000 X 1,331.00 = 1,331,000.00
$ 4,741,000.00 Say
"* Includes 10% Ancillary Factor
TOTAL ESTIMATED COST $ 4,740,000.00

IV. SAWGRASS LAKE ADDITION

40 Acres X $20,000.00 Per Acre = $ 800,000.00

+ 25% Ancillary Factor 200,000.00

$ 1,000,000.00



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E. Little Withlacoochee Flood Detention Area

Approximately 1,120 acres remaining to be acquired at no cost
by amending our existing easement with the Florida Board of
Forestry to include the additional acreage.

RECAP OF GREEN SWAMP PROJECT

A. Parcel 10-200-157 6,744 acres $ 9,725,000 Estimated Cost

B. Parcel 10-200-158 1,144 acres 1,130,000 Estimated Cost

C. Remaining GSFDA Parcels 4,907 acres 5,520,000 Estimated Cost

D. UHFDA 8,056 acres 9,063,000 Estimated Cost

E. LWFDA 1,120 acres -0- Estimated Cost

Totals 21,971 $25,438,000

II. WITHLACOOCHEE AND HILLSBOROUGH RIVERINE CORRIDORS

A. Corridor "A" (Withlacoochee River)

1,918 Acres X $ 900.00 Per Acre = $ 1,726,200.00
+ 25% Ancillary Factor 431,550.00

$ 2,157,750.00

B. Corridor "B" (Withlacoochee River)

11,048 Acres X $ 900.00 Per Acre = $ 9,943,200.00

+ 25% Ancillary Factor 2,485,800.00

$ 12,429,000.00

C. Corridor "C" (Hillsborough River)

2,287 Acres X $ 1,000.00 Per Acre = $ 2,287,000.00

+ 25% Ancillary Factor 571,750.00

$ 2,858,750.00




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V. CYPRESS CREEK

7,243 Acres X $ 1,500.00 Per Acre = $ 10,864,500.00
+ 25% Ancillary Factor 2,716,125.00
$ 13,580,625.00 Say

$ 13,581,000.00

VI. LOWER HILLSBOROUGH PROJECT

160 Acres X $ 5,000.00 Per Acre = $ 800,000.00
+ 25% Ancillary Factor 200,000.00
$ 10,000,000.00

VII. MAC ARTHUR TRACT
30,000 Acres X $ 665.00 Per Acre = $ 20,000,000.00
+ 25% Ancillary Factor 5,000,000.00
$ 25,000,000.00

VIII.BROOKER CREEK RIVERINE SYSTEM

A. Corridor "A" (Hillsborough County)
420 Acres X $ 4,000.00 Per Acre = $ 1,680,000.00
+ 25% Ancillary Factor 420,000.00
$ 2,100,000.00

B. Corridor "B" (Pinellas County)

595 Acres X $ 4,000.00 Per Acre = $ 2,380,000.00
+ 25% Ancillary Factor 595,000.00
$ 2,975,000.00

IX. MEDARD RESERVOIR FLOODWAY
140 Acres X $ 4,500.00 Per Acre = $ 630,000.00
+ 25% Ancillary Factor 157,500.00
$ 787,500.00 Say

$ 788,000.00


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X. JACK CREEK

864 Acres X $ 1,200.00 Per Acre = $ 1,036,800.00

+ 25% Ancillary Factor 259,200.00

$ 1,296,000.00
XI. ANCLOTE RIVER FLOODWAY

4,328 Acres X $ 1,000.00 Per Acre = $ 4,328,000.00

+ 25% Ancillary Factor 1,082,000.00

$ 5,410,000.00

XII. CYPRESS CREEK/TROUT CREEK

9,984 Acres X $ 2,500.00 Per Acre = $ 24,960,000.00

+ 25% Ancillary Factor 6,240,000.00

$ 31,200,000.00

XIII. BLACKWATER CREEK

12,224 Acres X $ 1,200.00 Per Acre = $ 14,668,800.00

+ 25% Ancillary Factor 3,667,200.00

$ 18,336,000.00

XIV. SQUIRREL PRAIRIE

1,728 Acres X $ 3,000.00 Per Acre = $ 5,184,000.00

+ 25% Ancillary Factor 1,296,000.00
$ 6,480,000.00

XV. PRAIRIE CREEK

2,752 Acres X $ 1,500.00 Per Acre = $ 4,128,000.00
+ 25% Ancillary Factor 1,032,000.00

$ 5,160,000.00




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XVI. GUM SLOUGH

4,416 Acres X $ 500.00 Per Acre = $ 2,208,000.00
+ 25% Ancillary Factor 552,000.00
$ 2,760,000.00

XVII. TATUM SAWGRASS

4,300 Acres X $ 1,000.00 Per Acre = $ 4,300,000.00
+ 25% Ancillary Factor 1,075,000.00
$ 5,375,000.00

XVIII.LITHIA SPRINGS

160 Acres X $ 4,375.00 Per Acre = $ 700,000.00

XVIV. MANATEE RESERVOIR FLOODWAY

2,600 Acres $ 10,000,000.00

Value estimate based on figures supplied by Manatee County.

FHM:bh
7/15/81
9/9/81-R



















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