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BOOK 106 PAGE 20 <br />ON MOTION by Commissioner Eggert, SECONDED BY <br />Commissioner Ginn, the Board unanimously accepted the <br />resignation of Elizabeth E. O'Connor from the Indian River <br />County Public Library Advisory Board and appointed Margaret <br />Kamakaris as her replacement. <br />7A Florida Communities Trust (FCTj Cost -Share Acquisition <br />Agreement Extension for Purchase ofLost Tree Islands (Addendum <br />The Board reviewed a Memorandum of June 2, 1998: <br />TO: James E. Chandler <br />County Administrator <br />DEP TMENT HEAD CONCURRENCE: <br />obert M. Keating, AI P j <br />Community Development Director <br />FROM: Roland M. DeBloib, AICP <br />Chief, Environmental Planning <br />DATE: June 2, 1998 <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 June 9, 1998. <br />DESCRIPTION ONDITIONS <br />Staff requests that the Board of County Commissioners authorize the Board Chairman to execute the attached <br />"Addendum VIII to the Conceptual Approval Agreement" for the Lost Tree Islands (FCT Project #93-001-P3A). <br />This Addendum extends the FCT grant award expiration date for the Lost Tree Islands project to December 4, 1998. <br />The document formalizes the FCT Governing Body's approval of county staffs request for an extension, which approval <br />occurred at the FCT Governing Body's meeting on May 18, 1998. <br />Acquisition Status <br />The Board of County Commissioners, at its meeting of May 26, 1998, voted to offer (through the Florida Communities <br />Trust) $7.1 million to Lost Tree Village Corporation for purchase of the islands. County staff has contacted FCT staff <br />concerning the offer (see attached). According to FCT staff, the formal revised offer is to occur the week of June 1 st. <br />FCT staff has indicated that the attached Addendum VIII grant extension is most likely the last extension that the FCT <br />Governing Board will approve for the project. <br />June 9, 1998 <br />12 <br />