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r <br />4 <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY <br />COMMISSIONER MASSEY, THE BOARD UNANIMOUSLY AUTHORIZED THE CHAIRMAN <br />TO SIGN A CONTRACT TO PURCHASE ALL THAT PART OF THE NORTH 660 <br />FEET OF THE SOUTH 710 FEET OF GOVERNMENT LOT 5, SECTION 21, <br />TOWNSHIP 33 SOUTH, RANGE 40 EAST, WHICH LIES EAST OF THE EAST <br />RIGHT-OF-WAY OF HIGHWAY AIA: AND.THE NORTH 100 FEET OF THE SOUTH <br />710 FEET OF GOVERNMENT LOT l", SECTION 22, TOWNSHIP 33 SOUTH, <br />RANGE 40 EAST: AND ALL THAT PART OF THE NORTH 560 FEET OF THE SOUTH <br />610 FEET OF GOVERNMENT LOT 1, SECTION 22, TOWNSHIP 33 SOUTH, <br />RANGE 40 EAST WHICH LIES WEST OF THE WEST BOUNDARY LINE OF REEF <br />ROAD, AS SAID WEST BOUNDARY LINE OF REEF ROAD IS EXTENDED AND <br />PROJECTED NORTHERLY, IN THE AMOUNT OF $1,3500-000,00, CONTINGENT <br />UPON AN APPRAISAL OF THE PROPERTY IN AT LEAST THAT AMOUNT. THE <br />ATTORNEY WAS AUTHORIZED TO DRAW UP A CONTRACT;. -AND TO HIRE AN. <br />APPRAISOR TO APPRAISE THE PROPERTY. ` <br />THE FINANCE OFFICER WAS AUTHORIZED TO ISSUE A CHECK IN THE <br />AMOUNT OF $100,000.00 TO BE PUT IN ESCROW, IN AN INTEREST BEARING AC- <br />COUNT AT THE INDIAN RIVER CITRUS BANK. THE COUNTY IS TO RECEIVE THE <br />INTEREST. <br />ED .JACKSON AND BOB LABER, REAL ESTATE AGENTS APPEARED <br />WITH A PROPOSAL OF PROPERTY LOCATED APPROXIMATELY HALFWAY <br />BETWEEN THE WABASSO BRIDGE AND THE SEBASTIAN INLET. THIS PROPERTY <br />CONSISTS OF 350 FEET OF OCEANFRONT PROPERTY AND IT EXTENDS FROM <br />THE OCEAN TO THE RIVER AND IS APPROXIMATELY 7 OR -8 ACRES. <br />COMMISSIONER DRITENBAS STATED THAT THE -BEACH -FRONT <br />PROPERTY COMMITTEE HAS DONE A FINE JOB AND HE" SUS&E'STED EXPANDING <br />THAT COMMITTEE TO INCLUDE RIVERFRONT LAND. <br />:x.1. <br />MR. THOMAS INFORMED THE BOARD THAT THE,COUNTY ALREADY OWNS <br />RIVERFRONT PROPERTY KNOWN AS ROUND ISLAND AND HE SUGGESTED THAT WHEN <br />THE DETERMINATION'IS MADE ON HOW TO FINANCE THE PURCHASE OF THE AFORE- <br />MENTIONED PROPERTY, THAT SUFFICIENT FUNDS RE CONSIDERED TO COMPLETE <br />ROUND ISLAND AS A RIVER PARK <br />AV z <br />IT WAS THE BOARD'S DECISION TO,R ER THIS PIECE OF <br />PROPERTY PRESENTED TO THE BOARD BY MR. .JACKSON AND MR, LAGER <br />TO THE BEACHFRONT PROPERTY COMMITTEE FOR STUDY AND EVALUATION. <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER <br />-3- <br />. BOOK _ �� PAGE I Ito <br />