The County's new plan to resolve the H bank by buying property with government / grant funding


Scenic Byways Grant to purchase these properties on Big Pine for 1.4 million

VIEW

The properties "RE number and "H" value

RE#

Harvest Value

00110610-000000 .0491
00111078-000700 .0136
00111610-000000 .0103
00111078-000401 .0083
00110890-000000 .0068
00111000-000000 .0051
00111640-000000 .0034
00110850-000000 .0031
00110841-000000 .003
00256630-000000 .0015
00256650-000000 .0015
00256640-000000 .0008
00274930-000000 .0005
00274910-000000 .0003
00274940-000000 .0003
00274920-000000 .0002
00275270-000000 .0002
00110600-000000 .0083
00111750-000000 .0076
00110620-000000 .0032
Total 0.1271

Some simple numbers:

Total Harvest needed for total island build out (1.1"H" x 3)  3.30 "H"
Total Harvest value in County "H" bank now (USFWS report) 1.5736
Total "H" yet needed for total build out 1.726

 

If the Scenic Byways grant is $1,400,000.00 and pays for 0.1271 "H" (13.5% of what's needed for build out

then the 1.726 yet needed, would cost $19,011,801.74 dollars

This makes the average BPK ROGO lot (.005"H") = $55,074.75

This makes the County's $7,500.00 per single family residence seem very good except for the fact that what property owner would

 sell for less then 50K and the $7,500.00 per unit won't buy squat toward buying mitigating properties.

Using the number 153 (houses yet to build) x $7,500.00 = $1,147,500.00 and

47,000 SQ FT of commercial (max yet to build) @$7,500.00 per one thousand SQ FT. = $352,500.00

Now just who pays the remaining 20 million?? (give or take a couple million)

Can this be a solution??