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The Board reviewed two Memoranda of September 30, 1997: <br />TO: James E. Chandler <br />County Administrator <br />D NT CINCURRENCE: <br />o M Kea ' g, MCP <br />Community Development Dir or <br />FROM: Roland M. DeBlois,',4CP <br />Chiet Environmental Planning <br />DATE: September 30, 1997 <br />SUBJECT: PROPOSED PURCHASE OF THE IRWIN TRACT LAAC SITE <br />It is requested that the information herein presented be given formal consideration by the Board of <br />County Commissioners at its regular meeting of October 7, 1997. <br />SUMMARY <br />Staff recommends that the Board of County Commissioners purchase the Irwin Tract with land <br />acquisition bond funds. The proposed purchase option contract (already executed by the seller) is <br />summarized as follows: <br />Purchaser. Indian River County Board of County <br />Commissioners / Conservation & Recreation <br />Lands (CARL) Program (State will hold title) <br />Seller: Robert and Susanne Irwin <br />Cost -Share: Conservation & Recreation Lands Program (750%) <br />(includes share of acquisition costs) <br />Total Price: $2,585,000 (±$3,841 per linear oceanfront foot) <br />Other Costs: ±$30,000 (appraisals, survey, environ. audit, title insurance to be paid by seller) <br />County Bonds <br />Expenditure: ±$676,250 <br />Acmaee: ±8.07 acres (673 linear oceanfront feet) <br />LAAC Recommendation: <br />The County Land Acquisition Advisory Committee (LAAC), at its meeting on August 27, 1997, <br />voted 9 to 5 to recommend that the Board not exercise the option to purchase the Irwin Tract The <br />LAAC majority cited the relative high cost of the property, and indicated that there is already a <br />sufficient amount of publicly owned beachfront in the county. In a separate vote. LAAC voted <br />(unanimously) to recommend that, if the property is purchased it should be done only if it is added <br />to the management contract under the terms and conditions of the existing Cairns Tract lease <br />agreement between the County and the State (see attached unapproved LAAC meeting minutes). <br />Principal Condition(s): <br />Closing subject to County Commission and Governor & Cabinet approval: State will hold title, <br />County will manage tract as an expansion of its Cairns Tract management agreement <br />DESCRIPTION AND CONDITIONS <br />The subject +_8.07 acre Irwin Tract is the second and final component of the Jungle Trail South <br />LAAC site, currently ranked 3rd out of 19 projects on the LAAC site acquisition list. The property <br />is located on the barrier island oceanfront, south of and contiguous to the Cairns Tract that was <br />acquired by the County and the State last year. - <br />OCTOBER 7, 1997 <br />53 0: rA r- ' JLl U <br />