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Boor 94 Pa --L 461 fiscal year 1995 Pelican Island did not get funded because of the Everglades project. The U.S. Fish & Wildlife Service, recognizing the importance of Pelican Island, has obtained $750,000 from their emergency funds, and as you can see from their letters, were in great hopes of the County funding a matching amount from their environmentally sensitive land bond fund. In conjunction with the Michael and Lier families, the Kennedy family has a development plan for this property along with our property east of Jungle 'frail. We must make a commitment very -soon to this project. As you can see by my letter to Paul Charette of the U.S. Fish & Wildlife Service, the Family's request was initially for the Service/Indian River County to purchase $1,750,000 of the property, which would give us a reasonable sum to do a Section 1031 tax free exchange. 'After further conversations with the U.S. Fish & Wildlife Service, we did agree to the $1,500,000. If the sum is less than that amount, our family must meet again to re-evaluate our position. You must know that time is very short for further acquisition of our property. We are close to a commitment to proceed with the development plan with the Michaels and Liers. Once that commitment.: is made, this property will not be available. Thank you for your time and effort on this, and please give every consideration to matching the $750,000 that the U.S. Fish & Wildlife Service has obtained. rnell Kenned Clyde Kennedy ' Sincerely, KennP d 1' Nannie Lou Kennedy Sue Kenned Holbrook Roland DeBlois, Chief of Environmental Planning, advised that a letter of commitment is needed today regarding the matching funds for this project. The U.S. Fish and Wildlife Service has received $750,000 as emergency funding for the purchase of the Kennedy Tract of approximately 37 acres of wetlands plus a linear buffer strip adjacent to the wetlands to buffer the Pelican Island National FEBRUARY 28, 1995