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MAR 14 1984 Boa 56 PAGE 424. i Attorney Brandenburg advised that Mr. Schueppert could donate his land with a reverter clause stating that if the County does not contract for the development of the property within a certain amount of time, then the donated land reverts back to him. Mr. Schueppert confirmed that he would donate his right-of-way using the reverter clause. Ed Schlitt, realtor, stated he has stopped development of a large commercial building on a parcel of land in that area that would have adversely affected the right-of-way acquisition. He explained that since Vista Properties has already developed the land on the other side of the section line where the right-of-way would run, it was a matter of all the right-of-way coming off of their property and the property of several other owners to the north. Mr..Schlitt advised that after they became aware of the County's plans to extend Indian River Boulevard to U.S. #1 at 4th Street they met with Director Davis to work out some accommodation relative to density transfers plus shifting some commercial lands. He felt they could economically afford to donate the right-of-way on the portion of land that they own and control, and they have written a letter indicating their willingness to cooperate with the County to help bring this extension about, because they feel that in addition to being a very vital link of the transportation plan, it is a definite benefit to the property owners as well. He pointed out that they are willing to withhold their development plans for this property even though it is costing them a significant amount of money by waiting to see how this comes out. Mr. Schlitt then noted that Mrs. Fultz, another property owner in the area, is in attendance this morning. Mrs. Fultz has met with Director Davis and indicated her willingness to cooperate, but she has not yet decided 33