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OFFERS OF BEACHFRONT PROPERTY IN NORTH COUNTY <br />The Board reviewed the following memo dated 10/5/88: <br />TO: Board of County Commissioners DATE: October 5, 1988 FILE: <br />SUBJECT:OFFERS OF BEACHFRONT <br />PROPERTY IN THE NORTH <br />COUNTY <br />FROM: William G. Collins II REFERENCES: <br />Acting County Administrator <br />We have recently received an inquiry from Barlow Heikes to determine <br />whether or not the County would be interested in the purchase of beachfront <br />property. This property is located to the south of property already acquired <br />by the County which was formerly known as the Lowenstein property. The <br />parcel offered would be south of our current North Beach Complex. The <br />County has additional lands below the North Beach Complex (which we have <br />sub -leased from the State) identified as the Lier tract and the Lowenstein <br />tract. South of the subject property are private parcels owned by Vero <br />Ventures (140 ft.), the Kennedy- tract (140 ft.), and a Janie Dean tract (146 <br />ft.) . After these private parcels, we come to the.. "No. 11 Corporation" tract <br />which is now part of the North Beach Complex under sub -lease from the <br />State. South of the North Beach Complex is the Golden Sands complex _ <br />although it is separated by private property. <br />I am requesting direction from the Board as to whether or not the County is <br />interested in pursuing additional purchases of beach front property in this <br />area. <br />ALTERNATIVES: <br />1. Pursue additional County purchases. <br />2. Refer the parcel to the State for possible purchase under the CARL <br />program. <br />3. Take an option to purchase the property or right of first refusal. <br />4. Make no further acquisitions in the area north of Wabasso Road. <br />RECOMMENDATION: <br />The value of the subject Heikes property may have increased approximately <br />50% since the County purchased the Lowenstein tract a year ago (see attached <br />memo from Right -of -Way Acquisition Agent Donald Finney). I recommend <br />Option 2, referring acquisitions of further beachfront property to the CARL <br />program at the State level. <br />39 <br />OCT 'S88 <br />ETU 74 F, � r 483 <br />