3/19/1996 - Laserfiche WebLink

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� � r present. It is a diverse property with coastal dune system, coastal scrub, and coastal hammock areas and mostly native plants. He described low-cost techniques for removal of exotics, which are found on the property near the Jungle Trail. Property Appraiser David Nolte of 900 Royal Palm Place, Vero Beach,- advised that his office had received a copy of the appraisals late Friday afternoon and almost immediately one was taken back. They have, therefore, had little time to review the appraisals of the property. He felt the appraisal was seriously deficient and enumerated reasons for his opinion, which included the $114,000 per acre value being based on sales of smaller parcels. He felt that local appraisers would have been more familiar with the history of the County and the history of subdivisions. Commissioner Eggert asked if Mr. Nolte recalled the sales price of land on Ocean Road, Johns Island, for the oceanfront houses. Mr. Nolte responded that he had not had a chance to do any original research on comparison sales. He summarized that 1988-89 was the top of the market for sales and it has been soft since. He also felt the riverfront property sales were not comparable. He questioned the foundation of the appraisals as being highly suspect. In response to Chairman Adams, Mr. Nolte advised that he had not looked at the appraisals for the other LAAC sites. Commissioner Macht cited the Sunbeam Oster and Bermuda Bay property development sales, and Mr. Nolte did not recall having seen those sales in the appraisal. William G. Glenn of 1802 Barefoot Place, Vero Beach, president of the Summerplace Improvement Association and a director of the North Beach Civic Association, advised that the Board of Directors of both. organizations have gone on record as opposed to the purchase of this property. He advised that their main problem with the purchase of the property would be the removal from the tax rolls. He asked the Board to support the recommendation of the LAAO. Jim Granse of 36 Pine Arbor Lane, concerned citizen, spoke against the acquisition of the property and agreed that the property ought not to be removed from the tax rolls. He also questioned the settlement negotiations. William Roolage of 11 Vista Gardens Lane, concerned citizen, commented that the only thing he had heard which might be enjoying this part of the beach would be the turtles and, frankly, he was 43 9 � F'Q��E ��e�c� March 19, 1996