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,price on this land was $311,850.00. This Seller has indicated his willingness to accept $300,000.00 for the property amount- ing to $28,855.31 per acre for the land lying west of AlA. This land was appraised at approximately $35,000.00 per acre. If the County purchased this property and combined it. with the County's other purchases and donations our holdings would be squared off -on this portion of the Barrier Island and the County would own all of Government Lot #6. 2. Purchase 10.6346 acres of land lying immediately west and across AlA from the Golden Sands parcel which constituted approximately 820 feet of oceanfrontage. The Golden Sands owners have indicated a willingness to beat the ERDO group's price by approximately $5,000.00. This could be -accomplished by the County purchasing the entire 10.6346 acres for $300,000.00 or by the Seller keeping a parcel amounting to 2379 acres and selling the rest to the County for $295,000.00. This land: together'with the 2.85 acres previously donated by Sellers to -the County would square off the land west of AlA and also extend northerly across from the 332.32 feet of ocean - frontage we still have an option on. 3. Purchase a portion of the remaining 332.32 feet of the Golden Sands oceanfront property at $1,750.00 a front foot. Seller would be willing to sell 220 feet of the oceanfrontage which - would amount to $385,000.00. This transactiozz could occur by, Seller receiving $299,500.00 from the County in cash and taking back the 2.85 acres previously donated by Seller to the County valued at $30,000.00 an acre. This would leave the Seller 112.32 feet of oceanfrontage covered by our option to purchase at $1,750.00 a front foot. Seller is also willing to sell a lesser amount of front footage at an amount prorated accord- ingly. 4. Purchase 157 feet of oceanfrontage from Julian Lowenstein. This property is generally located south of the ERDO tract,., Mr. Lowenstein has indicated a willingness to sell this'prop- erty to the County for $275,000.00 which amounts to $1,751.00 a front foot. RECOMMENDATION: I would recommend that the County purchase the land lying west of the ERDO and Bell Road tracts unless the County can negotiate a transaction with the Golden Sands property owner to acquire the entire 332.32 feet of oceanfrontage at the present time. Attorney Brandenburg explained the County's options in obtaining additional beach property with the remaining $300,000 of the $5 -million beach bond proceeds. Chairman Bird stated he is inclined to pick up as much oceanfront property as possible and hoped that we could get the land adjacent to Golden Sands. However, Mr. Deprez, who represents the owners of Golden Sands, informed us that his clients are not willing to sell the entire remaining 333.32 55 DEC 7 1983 x 55 PASE5a11