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MAR 101982 690K 19 PAE 29 1 In accordance with Mr. Padgett's request, the County furnished him with a list of appraisers amenable to the County. He has since reviewed the list and has recommended Mr. Jack Sherman, Armfield Sherman & Associates or Mr. Richard Wagner, Indian River Federal Savings and Loan - Main. Office, as appraisers for County considera- tion. ALTERNATIVES AND ANALYSIS At this point, the County has two alternatives for considera- tion. They are as follows: Alternative 1 Consider negotiations with the Moorings Development Cor- poration based upon a possible trading of land values associated with the bridge crossing site for other pro- perties within the northeast corner of the Moorings, west of A -I -A, for the ground storage tank site. Alternative 2 Consider purchasing from Mr. Earl Padgett the land area described previously at an appraised value. Alternative 1 will require the County to relinquish its only land holding in the Moorings, a site located on the Indian River as a bridge crossing easement. Alternative 2 will require the County to agree in advance to the sale of the land at whatever the appraised value. The County would also have to recommend the use of one of the appraisers mentioned previously. It is imperative the County purchase a land area as soon as possible in order to stay within the time frame designated by the South Beach City/County Agreement. RECOMMENDATIONS Based upon the information contained herein, the following recommendations are submitted: 1. The Commission approve Alternative 2 for securing the necessary land area required for the proposed ground storage tank and fire station. 2% The Commission select either Mr. Jack Sherman or Mr. Richard Wagner to appraise the land under consideration. 3. The Commission agree, in writing, to the appraised value of the land prior to its appraisal. 4. The Commission authorize the County Administrator to contact the appraiser selected, and coordinate the appraisal and purchase of the land under con- sideration between the County and the South Indian River County Fire District.