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He felt this price is far in excess of what the properties are <br />worth, and had a problem with that as he believed we could have <br />taken a better approach. <br />THE CHAIRMAN CALLED FOR THE QUESTION. The Motion <br />was voted on and carried unanimously. <br />CONTRACT FOR SALE IS ON FILE IN THE OFFICE OF THE CLERK TO THE <br />McKEE JUNGLE GARDENS BOND REFERENDUM <br />The Board reviewed the following memo dated 8/16/89: <br />TO: The Board of County Commissioners <br />FROM: C�-rles P. Vi u a ounty Attorney <br />DATE: August 16, 1989 <br />SUBJECT: McKee Jungle Gardens Bond Referendum <br />If the Board ratifies the contract entered into between <br />Vista Properties of Vero Beach, Inc. and the County <br />Administrator for the purchase of McKee Jungle Gardens, I <br />would request that the Board review the proposed bond <br />referendum language of this memo and, if acceptable, I will <br />present a formal bond resolution at the next Board meeting. <br />SHALL INDIAN RIVER COUNTY BE AUTHORIZED TO <br />ISSUE GENERAL OBLIGATION BONDS OR NOTES OF <br />THE COUNTY IN AN AMOUNT NOT EXCEEDING <br />$ , FOR THE PURCHASE OF THE McKEE <br />JUNGLE DANS, OF APPROXIMATELY ACRES, <br />AND NEARBY OR ASSOCIATEU-TWETLAND <br />= <br />PARCELS,—UF APPROXIMATELY ACRES, WITH <br />ANY SUCH BONDS OR NOTES TOBE-. REPA I D FROM AD <br />VALOREM TAXES WITHIN YEARS AT AN <br />INTEREST RATE NOT EXCEEDTRC-TAE LEGAL RATE? <br />Attorney Vitunac went over the suggested wording for the <br />bond referendum, explaining that blanks were left for the dollar, <br />amount, number of acres, and number of years for the interest to <br />be paid. The final wording will come back to the Board at the <br />next meeting. For the $ <br />[Ih <br />AUG 2 2 b8b <br />OMB Director Joe Baird has <br />