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e AFTER MUCH DISCUSSION A MOTION WAS MADE BY COMMISSIONER <br />MASSEY, SECONDED BY COMMISSIONER SIEBERT, THE BOARD UNANIMOUSLY <br />AUTHORIZED ATTORNEY BURCH TO ANSWER THE LETTER FROM J.T. <br />FRANKENBERGER, ATTORNEY TO THE CITY OF VERO BEACH. <br />1 . <br />A <br />November 23, 1973 <br />Mr. J. T. Frankenberger <br />City Attorney <br />City of Vero Beach <br />1053 - 20th Place <br />Vero. Beach, Florida 32960 <br />In re: Lots 1, 2, 3, and 4, Block 1 <br />Pelican Cove S/D It <br />Dear J. T. <br />Your letter of November 8 to Aima Lee Loy con- <br />cerning above mentioned lots was discussed at our recent County <br />Commission meeting and the Board asked that I relay to you their <br />desires on the purchase of these lots. First, they are still com- <br />mitted to the $200, 000.00 contribution and feel that $50, 000.00 should <br />be applied to each lot. Upon the closing of each lot and the forwarding <br />to the Board of a copy of the deed showing a 2/3 undivided interest in <br />Indian River County, the Board will immediately forward to the City _ <br />of Vero Beach. $ 50, 000.00. The 2/5 interest was arrived at by <br />taking a total purchase price of $250, 000.00 for each lot and applying <br />1/5 of that price as the County's contribution and 1/5 for the equal <br />maA. Ihing funds that would be received based on that contribution. <br />The Board decided that the extent of their commitment would be <br />$200.000.00 and do not wish to participate in either title insurance, <br />closing costs or any rental agreements the City of Vero Beach might <br />enter W.o. <br />Sincerely, <br />Paul D. Burch <br />County Attorney <br />PDB' / dbh <br />2 - <br />-19-A- <br />NOV 2 <br />l9fj '18 PM259 <br />