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JAN 61992 800K 4 8 PAs' 57 <br />TREASURE COAST UTILITIES, IND. - OFFER TO PURCHASE <br />Attorney Brandenburg reviewed the following letter <br />from D. T. Salter: <br />DONAm) TRAVIS SALTER <br />AWORNE.YATLAW <br />1 1 S 131ZIGIITOti 11n.. N.I;. <br />ATLANTA. GEORGIA 30:300 <br />(404) :355-8181 <br />December 28, 1981 <br />Eric B. Meyars, Esq. <br />Shutts & Bowen <br />10th Floor, Southeast First <br />National Bank Building <br />Miami, Florida 33131 <br />a Re: Treasure Coast Utilities,- Inc. <br />and Salter v. Indian River - <br />County, et al.; No: 81-8175 Civ. <br />OFFER WITHOUT PREJUDICE <br />Dear Mr Meyers: <br />This to acknowledge our recent conversations with regard to settling <br />the respective claims and differences of myself and your clients. <br />I am prepared to convey title and claim of interest to all property owned <br />and .the franchise held by Treasure Coast Utilities, Inc. and/or myself <br />together with dismissing the above -styled -civil action with prejudice <br />for the lump sum of $168,500.00. <br />This.a no -cut, non-compromisable offer., which expires January 11,1982 <br />unless I receive prior acknowledgment of acceptance. I recognize that <br />the Board of County Commissioners will need to consider and approve <br />the settlement. If acceptance of the instant offer is tentatively <br />given, I will extend the offer for a reasonable time length. <br />Your clients should appreciate first, that I have incurred and I expect <br />to continue incurring additional expenses and capital improvements <br />which is putting this offer amount jeopardy of rising; second,,by <br />any normal standard of valuation used in eminent domain proceedings <br />this offer is attractively low. I have continued this dollar offer <br />as a showing of good faith, based upon our prior conversations. <br />As to the matters of settlement language and the logistics of property <br />transfer, I am amenable to any reasonable approach the County may desire. <br />I am prepared to indemnify and <br />present or future -claims of the <br />Treasure Coast Utilities, Inc., <br />property. <br />hold the County harmless from any <br />reciver in the case of Fla. D.E.R. v. <br />case no.: 76-730, against the subject <br />