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JULIAN W. LOWE'NSTEIN <br />REGI8tCRCO <br />REAL ESTATE BROKER MORTGAGE BROKER <br />• <br />.'august 13, 1965. <br />Mr. Alfred Webber <br />Finance Officer <br />Board of County Commissioners.. <br />Court House <br />Vero Beach, Fla. <br />DearAl: <br />1204 8. E. U. S. 1 <br />VERO BEACI4, r.�ORRIOA 32960 <br />PMONE A0 308 Bea-a®a9 <br />You of course are cognizant of the fact that the Board of County <br />Commissioners entered into a lease purchase agreement with me on a <br />parcel of land near the South end of the County running from ocean to <br />river. <br />There is a mortgage on this property approximating $24,000.00, which <br />is the amount which the County.is to pay upon exercising itsoption <br />to purchase 100 feet of this land. <br />This mortgage carries an interest rate of 5% per annum, the thought <br />occurred to me that the County may be interested in paying the <br />$24,000..00 for the first release by September lst, in which case I would <br />rebate the County $400.00 which would represent the interest.saving. <br />In the event you could not arrange this financing by September 1st, I <br />would then be willing to rebate the County $300.00, if''the $24,000.00 <br />would be forthcoming by October 1st. <br />In the event the County is interested in this proposition, I would <br />appreicate hearing from you at your liest convenience.,; <br />Best regards, <br />JWL/lis <br />cc: Robert Graves <br />Donald McDonald <br />D.B. McCullers <br />ncere <br />Julian W. nstein <br />Dr. B.Q. Waddell <br />Jerre Haffield <br />John H. Sutherland <br />Upon Motion by.Commissioner Macdonald, seconded by Commissioner <br />waddell.and unanimously carried, the following Resolution was adopted: <br />BOOK 9 PACE 303 <br />SEP 9 71gS5 <br />