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M. "Amendment H to Option Agreement" - 34 Atlantic Gulf <br />Communities (AGC) Sebastian Highlands Scrub Lots <br />The Board reviewed a Memorandum of December 10, 1996: <br />TO: James E. Chandler <br />County.Administrator <br />D R ENT HEAD CONCURRENCE: <br />ert M. Kea ing, IC <br />Community Developmm tt Di ctor <br />FROM: Roland M. DeBlois,'�ICP <br />Chief, Environmental Planning <br />DATE: December 10, 1996 <br />SUBJECT: APPROVAL OF "AMENDMENT II TO OPTION AGREEMENT FOR SALE <br />AND PURCHASE" OF 34 ATLANTIC GULF COMMUNITIES (AGC) <br />SEBASTIAN HIGHLANDS SCRUB LOTS <br />It is requested that the information herein presented be given <br />formal consideration by the Board of County Commissioners at its <br />regular meeting of December 17, 1996. <br />DESCRIPTION AND CONDITIONS <br />On November 19, 1996, the Board of County Commissioners approved <br />the County purchase of 34 clustered Atlantic Gulf Communities (AGC) <br />scrub lots in Sebastian Highlands (at the appraised value of <br />$86,000), and authorized the Board Chairman to coordinate with <br />county staff and execute documents necessary for closing and <br />Florida Communities Trust (FCT) cost -share funding. <br />Attached is- "Amendment II to the Option Agreement for Sale and <br />Purchase," which amends the previously approved Option Agreement to <br />reduce the total number of lots to 34 clustered lots. Since this <br />document requires the Board Chairman's signature, it is herein <br />presented for the Board's consideration. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners authorize <br />the Board Chairman to execute the attached "Amendment II to the <br />Option Agreement for Sale and Purchase" of the 34 AGC scrub lots in <br />Sebastian Highlands Unit 17. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Ginn, the Board unanimously approved <br />Amendment II to Option Agreement with Atlantic Gulf <br />Communities Corporation, and authorized the Chairman <br />to execute same, as recommended by staff. <br />AGREEMENT IS ON FILE IN THE OFFICE <br />DECEMBER 17, 1996 <br />II <br />OF THE CLERK TO THE BOARD <br />30 <br />s <br />