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_ M <br />Mr. DeBlois understood Chairman Tippin's concern, but he <br />pointed out that in past dealings with the Nature Conservancy, <br />staff has been careful to temper the_ organization's enthusiasm and <br />make sure the County's objectives are being served. <br />Commissioner Bird asked whether the market value is the same <br />as the current appraised value. <br />Mr. DeBlois responded that the definition of market value was <br />discussed in detail. The usual procedure on property valued at <br />more than $500,000 is to get 2 independent appraisals. If the 2 <br />appraisals are similar, the average of the 2 is used as the fair <br />market value. On complicated properties with a major divergence in <br />the appraisals, it might be necessary to get a third appraisal. <br />Administrator Chandler advised that the negotiated contract <br />will include specific definitions to prevent any misunderstanding <br />of what is fair market value. <br />Commissioner Bird understood that TPL is based in Tallahassee, <br />and he wanted to know if TPL will have an ongoing presence in the <br />County and be accessible to the Commission and staff. <br />Greg Chelius, representing TPL, explained that his <br />organization will hire one locally -based person now, and perhaps <br />hire another person later. He plans to be in Vero Beach about one <br />week out of every two weeks. He looked forward to this opportunity <br />will spend as much time in Vero Beach as it takes to get the job <br />done. He wanted to get the job done as quickly as possible before <br />we start losing properties and prices start going up with the <br />improving economy. He emphasized that TPL's purpose is to help the <br />County achieve its goals rather than trying to set goals for the <br />County. <br />Commissioner Adams communicated that she has confidence in TPL <br />and was delighted to see the "bargain sale" percentage split. she <br />asked for more information on the actual numbers, and she wanted to <br />discuss the matter of performance bonus payments again at a future <br />Board meeting. <br />Mr. Chelius responded that the exact percentages will be <br />worked out during contract negotiations. He stated that he will <br />forward additional information to the Board along with a corporate <br />brochure. <br />Administrator Chandler noted that TPL made a specific <br />guarantee in its proposal to acquire the property at less than fair <br />market value. An example used in TPL's proposal was if the fair <br />market value of a piece of property is $1 million and the <br />acquisition costs are $50,000, TPL would guarantee that the County <br />23 <br />19� BOOK 91 PACE 79� <br />