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10.A.3. CONSIDERATION OF THE ASSIGNMENT, SETTLEMENT AND COVENANT <br />AGREEMENT BETWEEN THE COUNTYAND THE ST. JOHNS RIVER WATER <br />MANAGEMENT DISTRICT; APPROVAL OF USING ENVIRONMENTAL BOND FUNDS TO <br />PURCHASE REAL PROPERTYINTEREST IN THE CORRIGAN 458.71 ACRES AND THE <br />SAND LAKES TRACT <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Through a PowerPoint presentation, Assistant County Attorney George Glenn <br />recapped the information contained in his memorandum, dated April 2, 2008. He displayed aerials <br />of the two properties, and reported that for $3,204,670.00 the County would be able to obtain the <br />following: <br />(1) The conservation easement in 457.81 acres of valuable conservation land; <br />(2) An undivided 18.23% fee ownership in 1,256 acres of valuable conservation <br />land; <br />(3) A commitment from St. Johns River Water Management District to provide <br />access and passive recreation to the public; and <br />(4) A settlement of ongoing litigation between the County and St. Johns River <br />Water Management District. <br />In response to Commissioner Wheeler's queries, Attorney Glenn explained the <br />advantages of taking the 460 acre parcel for a conservation easement, and acknowledged that he <br />did not foresee any management or liability responsibilities. Even though Commissioner Wheeler <br />did not agree with the advantages, he supported a third parry conservation easement on the 460 <br />(acres) tract. <br />31 <br />April 8, 2008 <br />