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A4 h',DoiTie�� / INDIAN RIVER COUNTY, FLORIDA C W.S �� S MEMORANDUM TO : Kim Massung Executive Aide FROM : Roland M . DeBlois , AICPp Chief, Environmental Planning THROUGH : William K . DeBraal Assistant County Attorney DATE : December 19 , 2005 SUBJECT : Request of Commission Chairman Execution of Assignment of Option : Ryall Tract — South Prong Slough LAAC Site Attached is an "Option Agreement for Sale and Purchase" (two originals) for Chairman Lowther ' s signature relating to the Ryall Tract — South Prong Slough LAAC Site . The seller has already executed the Agreement. On January 23 , 1996 , the Board of County Commissioners delegated authority to the Board Chairman to execute option agreements (see attached resolution) . It is important to note that the Board's January 1996 delegation of authority to the Board Chairman to sign option agreements was done so because of State (and County Environmental Lands Program Guide) confidentiality requirements . The procedure is such that once the Chairman executes the option, appraisals can then be released for public information, and a public hearing can subsequently be scheduled for full County Commission consideration . The Chairman's execution of the Option does not commit the County to the purchase , but gives the County an option to buy contingent upon Board approval at an advertised public hearing . As such, I request that the Chairman sign the attached originals , and that the originals be returned to me . I will then schedule a 30 day advertised public hearing at which the full Board will consider approval of the purchase . Thanks for your help . Please let me know if you have any questions (ext . 1258) . cc : Robert Keating Bill DeBraal F : \Community Development\USers\ROLAND\LAAC\South Prong Slough\Ryall option sign bee chair memo 121905 . doc