Laserfiche WebLink
I <br />Commissioner Adams stated that if there is a deadline, there are other opportunities <br />for funding, such as through the Nature Conservancy and others, who might consider being <br />interim purchasers while things are finalized through State or local acquisition. Also, that <br />allows very creative financing arrangements which shrewdly gives breaks and help in other <br />areas. Large acquisitions have been successfully worked out all over the state. She would <br />be comfortable in deferring the matter to work with those folks in bringing this to a positive <br />conclusion for everyone involved. Everyone agrees that the islands should be purchased, <br />there were just the questions of "when" and "how much", which still remain. <br />Vice Chairman Macht thought that if we are going to get back on regular track, we <br />really ought to process this through the LAAC. <br />Commissioner Ginn pointed out that six years had passed and nothing had been done. <br />She then asked if this was the only way to keep negotiations open. <br />Robert Sechen, City Attorney for City of Vero Beach, understood that the Board was <br />removing the $10.5 million offer and going back to a $7.1 million offer. He cautioned that <br />the City would begin answering complaints and getting into hearings beginning Monday. <br />table. <br />Commissioner Adams confirmed that the $10.5 million offer had been taken off the <br />Vice Chairman Macht stated that the $7.1 million lies within 10% of the appraised <br />value and could be passed by a simple majority of the Board, rather than a super majority. <br />The Chairman CALLED THE QUESTION and the motion <br />passed unanimously. <br />Attorney O'Brien stated the contract (the purchase stage) would still require a super <br />majority because it will exceed the average of the two appraisals. <br />Attorney Cox came forward to say that the $7.1 million would not be accepted by his <br />client, and Commissioner Ginn suggested he could come back with a counteroffer. <br />Chairman Tippin asked those who were leaving to please leave quietly. <br />(Clerk's Note: Several handouts were presented at the meeting <br />which have been placed with the backup materials for the <br />meeting in the office of the Clerk to the Board.) <br />May 26, 1998 <br />48 <br />