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I <br />MOTION WIT DRAWN by Commissioner Ginn. <br />MOTION WAS MADE by Commissioner Ginn, SECONDED <br />BY Commissioner Eggert, to present as a counteroffer to Lost <br />Tree Village the two option agreements (FCT and FARBAR), <br />at the same price and under the same terms, but without the <br />condemnation resolution and without the language having to do <br />with the naming of the islands. <br />County Attorney Vitunac believed that the FCT option, because it exceeds the <br />appraised value, will require a super majority vote. He clarified that this would be a <br />counteroffer to Lost Tree and if they accept it, it would be an option contract and would have <br />to go to public hearing. <br />Assistant County Attorney Terrence P. O'Brien thought that the super majority vote <br />would be required at the exercise of the option or at the contract stage. <br />Attorney Cox understood that the options being proposed also included the removal <br />of the reverter clause in the FARBAR contract. If he leaves the meeting today without an <br />option agreement signed by the County, he believed there would be no further activity <br />because he has a hearing starting Monday that will go forward. He did not know whether <br />either option contract without the condemnation would be acceptable to his client. He did <br />know that if there is a counteroffer coming from this meeting that requires additional time <br />to discuss, there will be no acceptance. He confirmed there was no reverter clause in either <br />option. <br />After reviewing the backup, County Attorney Vitunac counseled all that is needed for <br />each option is 3 affirmative votes. A public hearing would be scheduled 30 days after Lost <br />Tree accepts them, if they do, then they will have the option to buy the islands or not. If the <br />agreement is signed, then everyone will see the "secret" appraisal. <br />Commissioner Ginn RESTATED her motion to counter the FCT <br />option as written with the removal of the condemnation, the list <br />of names (for the islands suggested by Lost Tree Village) be <br />removed, and the name will be approved by the Board of <br />County Commissioners. Commissioner Eggert SECONDED. <br />May 26, 1998 <br />EEO <br />_I <br />