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ANALYSIS The comprehensive plan amendment process generally takes from 6 months to a year before an amendment is ultimately approved or denied by the Division of Resource Planning and Management of the State Department of Community Affairs (DCA). Even if the amendment process is initiated immediately by the City and Town, it will likely be after the current June expiration date of the FCT grant before the amendments are approved or denied. Notwithstanding, if the comprehensive plan amendments are initiated and re -appraisals are obtained, this showing of progress in negotiations will lend towards the County's chances of getting an additional grant extension if necessary. If new appraisals are obtained by the FCT based on the recent actions by the City of Vero Beach and the Town of Indian River Shores, the resulting appraised values will not be valid until and unless the amendments are ultimately approved by the DCA. Consequently, any negotiations based on new appraisals cannot meaningfully occur until DCA's review and approval process has run its course. The County and the State have already spent money obtaining two appraisals and a third review appraisal. Staff's position is that it would be appropriate to request that the seller pay for any re- appraisals of the islands. If the seller agrees to pay for the re- appraisals, those appraisals would be confidential to the State and County, in accordance with State requirements. RECOMMENDATION: Staff recommends that the Board authorize staff to send a letter to the Florida Communities Trust requesting that the FCT obtain re- appraisals of the Lost Tree Islands based on the recent local government actions, with the expressed understanding that said re- appraisals will not be considered a valid basis of negotiations until and unless the proposed comprehensive plan land use amendments are fully approved by the local governments and the State. Chief of Environmental Planning Roland DeBlois suggested it might be appropriate for Mr. Bayer to speak since he had requested to appear before them. Charles Bayer, president of Lost Tree Village, stated his purpose as outlined in his letter of January 27, 1997, as follows: Lost Tree Village Corporation January 27, 1997 HAND DELIVERED Mr. James E. Chandler County Administrator - Indian River County Administration 1840 25th Street Vero Beach, FL 32960 Dear Mr. Chandler: Lost Tree Village Corporation owns a number of islands in both the Town of Indian River Shores and the City of Vero Beach which have been placed on the County's 51 February 4, 1997 Rona FAct &A