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OCT 19 1983 <br />5 PAGE 1 d <br />The County also received a 6 -month first right of refusal beginning <br />at the expiration of the option period and extending until June 9, <br />1984 on the same property. <br />GOLDEN SANDS PROPERTY <br />During negotiations on these parcels, the County received a 6 -month <br />option to purchase certain properties lying west of State Road <br />A -1-A for the price of $350,000.00. This option expires on January <br />7, 1984. Thereafter, the County receives the right of first <br />refusal for the same property for an additional 6 months. This <br />right of first refusal extends until July 7, 1984. <br />Furthermore, the County receives an additional donation of land <br />from the Golden Sands Corporation if the County purchases the URI <br />International option property. If, on the other hand, the County <br />does not elect to exercise its option to purchase the URI <br />International option property, then the County is granted the same <br />option and right of first refusal privileges as indicated above on <br />the donation parcel at $35,000.00 per acre. <br />URI INTERNATIONAL PROPERTY <br />The URI International Corp. granted Indian River County an option <br />to purchase the south 300 feet of the north 600 feet of Government <br />Lot 2, Section 14, Township 31 South, Range 39 East lying east of <br />A -1-A for the price of $581,157.50. This option may be exercised <br />any time by the County prior to June 8, 1984. <br />The first option date of December 9, 1983 is rapidly approaching. <br />I would recommend that the County Commission commence consideration <br />of the possible purchase of additional beach properties. The <br />Finance Department has notified this office that there remains <br />$296,053.60 in the Beach Bond Acquisition Fund. <br />Respec <br />. E <br />ly <br />Commissioner Lyons commented that he has talked with <br />Ney Landrum, Director of the Division of Recreation & Parks, <br />Department of Natural Resources; apparently they now have <br />two lists which they are presently forming up, and it would <br />be wise for us to get back in the process. <br />Community Services Director Thomas informed the Board <br />that we are definitely scheduled to go before the Cabinet in <br />January; our state contract people are furnishing the <br />information they have requested; and they say they are <br />satisfied with our cooperation. He did not know of two <br />lists, however. <br />51 <br />M <br />