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Clerk's Note: The Chairman called for a recess at 10:35 a.m. so Mr. Garcia could <br />consult with Mr. Jones. The Chairman reconvened the meeting at 10:52 a.m. with all members <br />present. <br />Commissioner O'Bryan admitted how difficult the choice had been but he said he <br />wanted to do the right thing with County tax dollars. He reviewed the appraisals and divulged that <br />the Property Appraiser had given him an early indication that the property's assessed values would <br />go down 5 to 10% for the next tax roll. He proposed that 5% be deducted for the current declining <br />housing market and offered to purchase the 16% acres for $6,750,000.00. <br />MOTION WAS MADE by Commissioner O'Bryan, <br />SECONDED by Vice Chairman Davis, to enter into an <br />agreement to purchase the entire parcel for $6,750,000.00. <br />Under discussion, Commissioner O'Bryan emphasized the importance of moving <br />forward due to FCT's urgency with the appraisal; Vice Chairman Davis wanted to see more public <br />access and historical aspects in the management plan; and Commissioner Flescher wanted to see a <br />positive management plan. <br />Matt Sexton said that Mr. Jones had agreed to drop his price to $7 million. He <br />informed the Board that the management plan would include public access opportunities, and that <br />FCT was willing to work with staff. <br />The Chairman CALLED THE QUESTION and the Motion <br />carried unanimously. The Board agreed to enter into an <br />agreement to purchase the entire Jones's Pier property for <br />$6,750,000.00. <br />24 <br />March 4, 2008 <br />