11/1/1973 - Laserfiche WebLink

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Ll ATTORNEY BURCH SUGGESTED THAT JAMES BEINDORF AND COMMISSIONER BOGOSIAN MEET IN HIS OFFICE AND TELEPHONE DR, SMITH TO DISCUSS THIS AGREEMENT AND ANNEXES, CHAIRMAN L.OY STATED THAT IT HAS BEEN THE INTENT OF THIS BOARD TO SECURE ADDITIONAL BEACHFRONT PROPERTY AND THIS MORNING BART COLLARD, REAL ESTATE AGENT AND GEORGE BLOIS, OWNER OF BEACHFRONT PROPERTY, APPEARED TO MAKE A PRESENTATION AND PROPOSAL TO THE BOARD. MR. BLOIS STATED THAT THIS PROPERTY IS IN THE VICINITY OF FLORATON BEACH, RUNS FROM THE OCEAN TO STATE ROAD AIA, CONSISTS OF 27 ACRES OF WHICH 750 FEET IS OCEANFRONT PROPERTY. THERE IS A HOUSE AND SEVERAL COTTAGES ON THE PROPERTY AND THE COST TO THE COUNTY IS $1,400,000.00. MR. COLLARD WAIVED HIS COMMISSION: OF $50,000.00 BRINGING THE COST TO THE COUNTY TO $1,350,000.00. L. S. THOMAS, COUNTY FINANCIAL COORDINATOR WAS ASKED HOW THE COUNTY COULD PAY FOR THE PURCHASE OF THIS PROPERTY AND HE SUGGESTED THAT ADVALOREM BONDS COULD BE ISSUED WHICH WOULD REQUIRE A REFERENDUM OR SPECIAL BONDS COULD BE ISSUED SECURED BY RACE TRACK FUNDS, FINALLY FEDERAL OR STATE REVENUE SHARING MONEY COULD BE USED. ATTORNEY BURCH QUESTIONED THE POSSIBILITY OF OBTAINING STATE AND FEDERAL MATCHING FUNDS. CHAIRMAN Loy STATED THAT SHE HAS BEEN INFORMED THAT THE STATE DOES NOT HAVE FUNDS AVAILABLE THIS YEAR, BUT IT IS HOPED THAT FUNDS DILL BE AVAILABLE NEXT YEAR. THEIR FISCAL YEAR STARTS - JULY 1973. AFTER MUCH DISCUSSION COMMISSIONER DRITENBAS STATED -1-1 THAT HE WHOLEHEARTEDLY ENDORSED THIS PURCHASE OF BEACHFRONT PROPERTY. CHAIRMAN Loy STATED THAT IT IS THE POLICY OF THE BOARD TO HAVE AN APPRAISAL OF THE PROPERTY BEFORE FINAL ARRANGEMENTS ARE MADE. MR. BLOIS STATED THAT HE WILL ACCEPT TERMS, AND THE DOWN PAYMENT WILL Bt PUT IN ESCROW PENDING AN APPRAISAL AND COMPLETION OF THE CONTRACT. &A NOV 11973 18 PACE 175 t