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Media advisory from the south florida water management district

Dated Tuesday Evening, Dec. 16, 2008

 

PURRE Chairman's Message To Members:

While PURRE Officers and Directors are evaluating the actions today of the governing board members of the South Florida Water Management District, we did not want to delay sending you the news. Below is the Water District's news release regarding its vote to approve the purchase with contigencies. We'll be sending more information soon. Thank you for rallying and sending your emails of support to the governing board. Remember, the below Media Advisory was written by the South Florida Water Management District.  

                       ~ Mike Valiquette, PURRE Chairman

WEST PALM BEACH, FL – After extensive deliberation, due diligence and public input, the South Florida Water Management District (SFWMD) Governing Board today voted 4 to 3 to accept a proposal to acquire more than 180,000 acres of agricultural land for Everglades restoration from the United States Sugar Corporation, contingent upon a specific amendment to the negotiated purchase and sale contract.

 

The transaction, subject to financing and U.S. Sugar’s concurrence with the revised contract condition, would provide water managers with the unprecedented opportunity to store and treat water on a scale never before envisioned for the benefit of the River of Grass, Lake Okeechobee and the St. Lucie and Caloosahatchee rivers and estuaries. The proposed purchase is the largest public land acquisition in Florida’s history and the single most important action to protect the Everglades since the designation of Everglades National Park sixty years ago.

 

"This is a once-in-a-lifetime opportunity to acquire land in the Everglades Agricultural Area for restoration. The immense environmental benefit of these lands and their value to Florida's unique Everglades ecosystem cannot be overstated," said SFWMD Governing Board Chairman Eric Buermann. "Without losing sight of Governor Crist’s bold vision for restoration, the Board has evaluated the details of the proposed acquisition and listened carefully to the input of Floridians, the Florida Legislature and local elected leaders.

 

Amending the contract before us is an important step for delivering an agreement that not only meets South Florida's environmental needs but also better protects the interests of the taxpayers. This is good government and the public process at work. We are hopeful that U.S. Sugar will agree to this essential and necessary improvement to the contract and accept the Board’s revision.

 

Highlights of the purchase and lease agreements include:

 

  • The District would take ownership of a minimum of 180,000 acres land and its improvements for a purchase price of $1.34 billion.
  • Under a separate agreement, U.S. Sugar would lease and manage the land for agricultural operation for seven years, avoiding more than $40 million in land management costs to the District over the life of the lease.
  • The lease arrangement would allow the release of the first 10,000 acres of property to the District at any time after the first year with appropriate notice. An additional 30,000 acres may be released in year six, on or after December 30, 2015.
  • The lease agreement would also allow for the release of up to 3,000 acres in connection with land transfers to municipalities or other governmental entities.
  • The company would retain ownership of its major assets, including a sugar mill, refinery, railroad and citrus processing plant.
  • Subject to court validation and suitable market conditions, the District would issue certificates of participation to fund the land acquisition. The parties must close on the purchase within 90 days of bond validation and no later than September 25, 2009.

 

To protect the agency's core mission in light of a fluctuating and challenging economic climate, the Governing Board strengthened financing conditions within the purchase and sale agreement offered by U.S. Sugar. Before closing, a newly proposed clause would allow the Governing Board to review the most current economic conditions – including interest rates and revenue streams – and verify the District’s capacity to finance the purchase and accomplish its existing statutory mandates and legal obligations.

 

"Economic conditions and revenue projections have changed dramatically over the last five months since negotiations for this acquisition began and it is incumbent upon the Board to protect the agency’s ability to achieve its mission as we move this acquisition forward," added Chairman Buermann. "It is our fiduciary responsibility to ensure that the District can both afford this purchase and accomplish its core flood control, water supply and emergency management mandates."

 

Today's Governing Board action was the culmination of more than five months of complex negotiations and due diligence that began after Florida Governor Charlie Crist first announced the opportunity to acquire the vast tracts of land from U.S. Sugar for environmental restoration on June 24, 2008. The District's extensive due diligence included multiple land appraisals, environmental assessments and engineering evaluations over more than 180,000 acres.

 

The in-depth reports and data associated with the acquisition were presented to the Governing Board during a series of monthly public meetings and made available through the District’s Web site as part of the public proceedings and deliberation.

 

Environmental goals of the acquisition include:  

  • Huge increases in the availability of water storage, significantly reducing the potential for harmful discharges from Lake Okeechobee to Florida’s coastal rivers and estuaries when lake levels are high
  • The ability to deliver cleaner water to the Everglades during dry times and greater water storage to protect the natural system during wet years
  • Preventing tons of phosphorus from entering the Everglades every year
  • Significantly reducing the need for “back-pumping” water into Lake Okeechobee from the Everglades Agricultural Area to augment regional water supply needs
  • Additional water storage alternatives, relieving some pressures on the Herbert Hoover Dike while the federal government undertakes repairs
  • Significant flexibility in managing Lake Okeechobee levels in a more environmentally friendly way

 

“The Board is grateful to Governor Crist for his vision in seeing an extraordinary opportunity to revive the River of Grass and safeguard the Caloosahatchee and St. Lucie rivers. The Governor deserves our thanks for his courage in bringing once divergent interests together to fully explore this opportunity for the Everglades,” added the Chair.

 

The Everglades:


America’s Everglades once covered almost 11,000 square miles of South Florida. Just a century ago, water flowed down the Kissimmee River into Lake Okeechobee, then south through the Everglades to the Florida Bay – the ultimate destination of the pure sheet flow.

 

Because of efforts to drain the marshland for agriculture, development and flood control, the Everglades is today half the size it was a century ago.

 

Dubbed the River of Grass for the sawgrass that flourished throughout the marsh, the Everglades is a mosaic of freshwater ponds, prairies and forested uplands that supports a rich plant and wildlife community.

 

Known throughout the world for its wading birds and wildlife, the Everglades is home to more than sixty threatened and endangered species, including the Florida panther, American crocodile, snail kite and wood stork. The mix of salt and freshwater makes it the only place on Earth where alligators and crocodiles exist side by side.

PURRE Water Coalition

13300-56 So. Cleveland Ave., Suite 256

Ft. Myers, FL 33907

239.274.7873, fax 239.275.7872

info@purre.org
www.purre.org

 

think about this...

"We must build a peace in South Florida - a peace between the people and their place, between the natural environment and man-made settlement, between the works of man and the life of mankind itself. "
~ Florida Gov. Reubin Askew ~