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63 1093 r- SEP BOOK . g Ph - 91 -I Paragraph 8 and Exhibit A require the FCT and FCT Applicant (Indian River County) to agree to enter into and comply with a Confidentiality Agreement relating to appraisals, offers and other negotiation matters. This Confidentiality Agreement is to be signed by each member of the Board of County Commissioners and any staff member potentially involved in the purchase negotiation. Paragraphs 22 and 23 provide that the County will contract for and pay for all of the cost and expenses associated with title, appraisal maps, appraisal reports, and surveys, with the FCT reimbursing cost -share funds only if a closing occurs. Advantages/Disadvantages The advantage of the County taking the responsibility of negotiating the purchase of the Wabasso Scrub site is expediency. Although the FCT is willing to undertake negotiations and other aspects of acquiring the property, the FCT has limited staff that are involved with numerous projects throughout the state. Indications from other applicants and land acquisition organizations are that a property is more likely to be successfully acquired if negotiated by the applicant. This particularly applies to the Wabasso Scrub site, because the property is under one ownership, and property appraisal characteristics are uncomplicated. The major advantage of having the FCT take responsibility for acquisition of the Wabasso Scrub property is that -the necessary acquisition activities would not infringe on county staff time devoted to other tasks. Moreover, acquisition of the property by the FCT would relieve the County from any accusations that the County did not negotiate the best deal for public acquisition. In that the Wabasso Scrub site has uncomplicated physical and ownership characteristics, and in that the FCT cost -share amount has already been substantially determined, it is staff's position that the advantage of County negotiations outweighs the benefits of the FCT taking responsibility for negotiations. RECOMMENDATION Staff recommends that the Board of County Commissioners authorize the Board Chairman to execute the attached Multi -Party Acquisition Agreement with the Florida Communities Trust regarding acquisition of the Wabasso Scrub site. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Adams, the Board unanimously approved and authorized the Chairman to execute the Multi - Party Acquisition Agreement with the Florida Communities Trust regarding acquisition of the Wabasso Scrub site, as recommended by staff. PAI3Y EXECUTED COPY OF AGREEMENT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD 54