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TO: James E. Chandler <br />County Administrator <br />DE RTMENT HEAD CONCURRENCE: <br />Robert M. -keatin'g,-Alqp/ <br />Community Development Director <br />FROM: Roland M. DeBlois,P <br />Chief, Environmental Planning <br />DATE: December 2, 1997 <br />RE: Request that the Board Approve an Extension to the Florida Communities Trust <br />(FCT) Cost -Share Acquisition Agreement for Purchase of the Lost Tree Islands <br />It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at <br />its regular meeting of December 9, 1997. <br />DESCRIPTION AND CONDITIONS <br />Staff requests that the Board of County Commissioners authorize the Board Chairman to execute the attached <br />"Addendum VII to the Conceptual Approval Agreement" for the Lost Tree Islands (FCT Project #93-001-P3A). <br />This Addendum extends the FCT W= award expiration date for the Lost Tree Islands project to June 4, 1998, to allow <br />for father negotiations. The document formalizes the FCT Governing Body's approval of county staff s request for an <br />extension, which approval occurred at the FCT Governing Body's meeting on November 19, 1997. <br />Acquisition Status <br />Earlier this year, the City of Vero Beach and the Town of Indian River Shores, in which municipalities the property <br />is located conceptually agreed to amend their comprehensive plans to address land use development density and bridge <br />access issues that relate to pending litigation. Subsequently, there has been substantial correspondence and activity <br />between Lost Tree Village Corporation and the DCA regarding litigation issues that affect the use and therefore the <br />value of the Islands. <br />On November 17, 1997, FCT staff met with representatives from the County, Town, and City that are on the project's <br />confidentiality list. At that meeting, FCT staff clarified the status of negotiations, and generally indicated that a revised <br />offer to Lost Tree Village Corporation would be forthcoming. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners authorize the Board Chairman to execute the attached <br />agreement addendum, and authorize staff to coordinate with the Town of Indian River Shores and the City of Vero <br />Beach for approval of the addendum by those municipalities. <br />ATTACHMENTS <br />Addendum VII to the Conceptual Approval Agreements relating to County/State acquisition <br />of the Lost Tree Islands. <br />December 9, 1997 <br />E,c o <br />