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r-WAY12 W7 <br />Dear Tommy: <br />BOOK 68 PAGE 30 <br />I would like to call your attention to, and present to our county, the <br />Opportunity to acquire 78+ acres of riverfront property. This parcel is <br />located on the west bank of the Indian River, and extends south 1,900+ feet <br />from the boat launching area at the east end of Oslo Road. The site is an <br />undeveloped aqua -marine area with many mangroves. <br />- Enclosed is information about the property from estate appraisals. The <br />property is marked out in red. The asking price is $216,700 ($114 per front <br />foot or $2,278 per acre). <br />Also, I would like to recall your attention to a December 1, 1986, letter <br />- from Mrs. Lowenstein's attorney. This letter concerned 1.86 acres of undeveloped <br />oceanfront property extending to A -1-A with 157 feet frontage. This particular <br />parcel adjoins property already purchased by our county on the north barrier <br />island and would be an -asset to what we already own. <br />Tommy, I know you are aware and, I am sure all of our Commissiopers are <br />aware, that undeveloped waterfront property is irreplaceable. Once it is <br />developed - it is lost forever. <br />Please present a copy of this to each Commissioner. I do believe they <br />will be interested. Perhaps both parcels could be purchased together, and <br />terms are negotiable. <br />Thank you Sir, for your attention to this letter, and to my request. <br />Respectfully, <br />Bill F. Stegkemper <br />Chairman Scurlock reported that the Finance Advisory <br />Committee, after discussing the matter with Utilities Director <br />Terry Pinto, indicated that they would like to go ahead and <br />pursue the negotiation for the acquisition of the 78 acres of <br />wetlands held in the estate of Julian Lowenstein. Mr. Putnam of <br />the FAC wished to expand that scope to consider additional <br />wetlands, but the Committee felt that the only item to be <br />discussed at this time is the specifics of the Lowenstein <br />property, which is about 1900 feet of river frontage. The <br />Chairman advised that Director Pinto indicates that we have <br />sufficient funds in the Utilities Department to reserve that <br />property for effluent disposal capability. The question arose <br />that we may get to the point where that is not the best use, but <br />that would be determined by this Commission or by time. If it is <br />determined that effluent disposal would not be something that we' <br />would pursue, there would be an ability by the Utilities Dept. to <br />38 <br />