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ENVIRONMENTAL LAND ACQUISITION
<br />BOND ISSUE - $15,000,000
<br />REMAINING FUNDS
<br />SOURCES
<br />CASH BALANCE G/L (AS OF 0430-98):
<br />$4,920,092
<br />COST REIMBURSEMENT:
<br />$59,000
<br />KORANGY (CARL)
<br />$445,321
<br />FISHER (CARL)
<br />$605,000
<br />ST. SEBASTIAN (FCT)
<br />$551,450
<br />HARMONY OAKS (FCT)
<br />$149,750 $1,751,521
<br />INTEREST INCOME $100,000
<br />TOTAL SOURCES $6,771,613
<br />USES
<br />B.C.C. APPROVED:
<br />CARSON PLATT $2,516,902
<br />FLINN $750,802
<br />HARMONY OAKS $321,500 $3,589,204
<br />ANTICIPATED PROPERTIES WITH COST SHARING:
<br />ROUND ISLAND
<br />$395,000
<br />WABASSO SCRUB
<br />$59,000
<br />N. SEBASTIAN CONS. AREA
<br />$46,000
<br />SPALLONE
<br />$215,000
<br />OYSTER BAR
<br />$525,000 $1,240,000
<br />OTHER PROFESSIONAL COSTS
<br />$175,000
<br />ARBITRAGE EXPENSE $200,000
<br />TOTAL USES $5,204,204
<br />REMAINING BALANCE
<br />BOND ISSUE FOR REMAINING $11,000,000
<br />BALANCE REMAINING FROM FIRST BOND ISSUE
<br />$1,567,409
<br />$1,567,409
<br />BOND ISSUE - $11,000,000 NET PROCEEDS $10,500,000
<br />TOTAL AVAILABLE $12,067,409
<br />Lastly, Assistant County Attorney Terrence P. O'Brien explained the difference
<br />between option agreements versus contracts and reviewed his Memorandum dated May 21,
<br />1998:
<br />TO: Board of County Commissioners
<br />FROM: Terrence P. O'Brien, Assistant County Attorney"f
<br />DATE: May 21, 1998
<br />SUBJECT: Procedural Aspects Concerning the Purchase of Lost Tree Islands (LTI)
<br />May 26, 1998
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