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r <br />become the eventual owner of the property but the title request would <br />come through the Fellsmere Drainage District which would simply sell the <br />property to the City of Fellsmere and likewise the Trustees could take <br />a minimum bid becuase it is coming from a governmental body. <br />Mr. Fletcher brought out that the present Indian River Memorial <br />Hospital site is land where the Trustees released it to a governmental <br />body. <br />Mr. Brock asked the estimated value of the land on today's market. <br />Mr. Bussey stated it wasn't worth very much. r. It,was._pointed out <br />that it is a dead, frozen asset and value of surrounding land which <br />sold two or three years ago was $200 per acre. Although, this is a <br />platted,boom-time subdivison, there are no streets built and it would have <br />to be considered as acreage, wild land. <br />Mr. Bussey stated that he was hoping the State would forget the <br />taxes and turn it back to the City who would dispose of it at a reason- <br />able able price. No person could pay the price with the back taxes. <br />Mr. Cann stated that at one time the City had a sale for that <br />property and had been getting it for $5 per lot from the State, so <br />they sent the State a check for $5 a lot for the property and about <br />six weeks later got the check back saying the State wanted $10 per lot. <br />Mr. Brock said: that: he.:wondered'...whetherthe'.:Trustees.were rea/ly <br />in_:posseseion of all the facts. He suggested that it be pointed out <br />that this was a boom -time subdivision with 25° lots. He also raised <br />the question if the City Council could cancel the plat and it was the <br />opinion that it could be done. <br />Mr. Vocelle brought out in discussing the abandoning of the plat, <br />that actually the State owns it and usually the request to abandon is <br />from the owner itself. He suggested actually presenting this problem <br />to the Trustees of the I I Fund in not too distant future. <br />Mr. Brock suggested a real full scale presentation with photographs <br />to give the Trustees the full picture of the prob iem. <br />MAY 20 SEt <br />max 9 P tE 61 <br />