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BOOK 88 798 TO: Board of County Commissioners DATE: January 29, 1993 FILE: SUBJECT: Property Exchange with Town of Indian River Shores G�'-�' f FRO James E. Chandler REFERENCES: County Administrator In the fall of 1991, the County and the Town of Indian River Shores began negotiations for the sale and/or trade of the County property adjacent to Tracking Station Park for Gifford Park. At the January 21, 1992 meeting, the Board approved exchange of the properties in question with conditions. The Town Council also approved the proposal at its January 23, 1992 meeting. At a public hearing on March 10, 1992, the Board approved the transaction by adopting Resolution 92-46. In July, 1992, the Town expressed objection to payment of the cash differential if the abutting Tracking Station property were to be limited to public use. The Board at its July 14, 1992 meeting considered the matter and clarified the conditions. Chairman Eggert transmitted these conditions to the Town by letter dated July 16, 1992. The specific conditions for the trade of the properties are: 1) the property shall be restricted to public use, 2) the County shall retain the right of first refusal on a sale to another public entity, and 3) Indian Raver Shores pay the County $125,000. The Town Manager, by letter dated January 19, 1993, has requested that the Board reconsider our position. There is no change in the Town position from that considered by the Board at the July 14, 1992 meeting. Unless the Board believes there is merit in modifying the conditions, I would recommend that the matter not be pursued any further. Chairman. Bird pointed out that the Parks and Recreation Committee considered this item several months ago. The feeling at that time was that we would like to have both pieces of property. However, there probably is a more pressing need for expansion of the Gifford Park project because there is oceanfront property for recreational use north of Wabasso as well as parks within the City of Vero Beach which are near the Tracking Station Park. Chairman Bird asked whether the Town of Indian Shores planned to create a park with beach access for the residents of the Town of Indian River Shores. He felt that this is an attractive piece of property which could be developed into a passive park with a few picnic tables and minimum parking.- The County owns the property east of the property in question and would cooperate and allow a :dune crossover to the beach. 26