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• <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 />Addendum VIII to the Conceptual Approval Agreement relating to County/State acquisition <br />of the Lost Tree Islands. <br />2. Letter dated 05/28/98 from county staff to FCT regarding the revised $7.1 million offer. <br />• <br />Commissioner Ginn advised that she had asked that this item be separated in order to <br />get a report from the County Attorney's Office on what has happened since the matter last <br />came before the Board.. <br />Assistant County Attorney Terrence P. O'Brien responded that he had written a <br />memorandum to the Board last week advising that he had received a copy of a letter <br />addressed to Attorney Ernest Cox (attorney for Lost Tree Village) from FCT, dated June 4, <br />1998, transmitting a final offer in the amount of $7.1 million to Mr. Cox's client for the <br />acquisition of the property known as Lost Tree Islands with the necessary agreements for <br />signatures. The time for acceptance of the offer is June 22, 1998. Therefore, the offer is <br />now before Lost Tree to accept or reject or make a counteroffer. (Copy of letter on file with <br />the backup in the office of the Clerk to the Board.) <br />Commissioner Ginn noted that the interest of the public in this issue is still great as <br />could be seen by the number of interested citizens present in the Chambers. She cited her <br />reasons and recommended that if this attempt at further negotiations by FCT is not <br />productive that the County again bring negotiations back in-house. <br />ON MOTION by Commissioner Ginn, SECONDED BY <br />Commissioner Macht, the Board unanimously authorized the <br />Chairman to execute Addendum VIII to Conceptual Approval <br />Agreement and authorized staff to coordinate with the Town of <br />Indian River Shores and the City of Vero Beach for approval of <br />the Addendum by those municipalities, as recommended in the <br />Memorandum. <br />June 9, 1998 <br />13 <br />BOOK 106 PAGE 21 <br />