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uoK 1.03 PA'Un 58 <br />obtaining some of these deals through the very fluctuating applications of the St. Johns River <br />Water Management District. He felt the County was in a unique position of owning that <br />much riparian land along the river that stretches through almost half of the county. <br />ON MOTION by Commissioner Macht, SECONDED BY <br />Commissioner Adams, the Board approved staff's <br />recommendation to approve the Flinn Tract purchase contract by <br />agreeing to exercise its purchase option, contingent upon St. <br />Johns River Water Management District and FIND cost -share <br />participation. Further, staff was authorized to proceed with <br />property closing tasks in coordination with the St. Johns River <br />Water Management District and FIND, and authorized the <br />Chairman to execute any documents associated with the closing. <br />Il. C. NORTH COUNTYLIBRARY- PURCHASE TWO PARCELS - ZENGAGE <br />The Board reviewed a Memorandum dated October 7, 1997: <br />Date: October 7, 1997 <br />To: Honorable Board of County Commissioners <br />Thru: James E. Eotmty N-4^ <br />County Administrator <br />From: H.T. "Sonny" Dean, Director <br />Department of General Services <br />Subject: North Indian River County Library Property <br />BACKGROUND: <br />At their regular meeting on September 16, 1997, the Board authorized staff to proceed with negotiations <br />to purchase two parcels of property immediately and adjacent to the east of the North Indian River County <br />Library. <br />In accordance with Florida State Statutes an appraisal was ordered and performed by Armfield and <br />Wagner Appraisal & Research, Inc. Based on the analyses presented in that report, the Market Value of <br />the fee simple estate to the property appraised was estimated to be $175,000. <br />Staff approached the owner, Jim Zengage, President of Southern Development Services with an offer of <br />the appraised value. Mr. Zengage had indicated earlier an appraised value of $216,385 but would be <br />interested in taking $200,000 if the transaction could be completed in unison with the other properties he <br />is selling. Negotiations resulted in Mr. Zengage agreeing to $180,000 for the two parcels provided closing <br />could be finalized on November 6, 1997. <br />OCTOBER 14, 1997 52 <br />