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Board of prior actions and subsequent Court actions on the matter, and presented staff's <br />recommendation to reject Oculina's contingent offer of $25,000, and to advise if they would <br />accept some higher contingent offer. The County attorney would not be in favor of a higher <br />offer. <br />MOTION WAS MADE by Commissioner Flescher, <br />SECONDED by Vice Chairman Davis, under <br />discussion, to approve Option 1, staff's <br />recommendation to reject Oculina's contingent offer of <br />$25,000.00. <br />Vice Chairman Davis questioned the ownership of the first secured mortgage, and <br />whether Oculina or the County was first in line for the lien, and Attorney Collins informed him <br />that the County was first in line. In light of that response, Vice Chairman Davis felt taxpayers <br />are well secured and we are better off staying where we are. <br />The Chairman CALLED THE QUESTION and the <br />Motion carried unanimously. The Board rejected <br />Oculina's contingent offer of $25,000.00, as <br />recommended in the memorandum of October 1, 2008. <br />B.B. DEVELOPER AGREEMENT WITH INDIAN RIVER FEDERAL CREDIT <br />UNIONAND EL WILL ASSOCIATES, INC. <br />Deputy County Attorney Bill DeBraal provided background informing the <br />Board that Elwill Associates own property that the County needs to cross to provide drainage for <br />the Oslo Road improvements. He reminded the Board of its prior approval, under the Consent <br />Agenda, of the purchase of the Elwill property for construction of a drainage pond for the Oslo <br />October 7, 2008 32 <br />