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Summary of Purchased Environmental Lands <br />(Includes 6 parcels of Round Island South) <br />Total acres 1098.20 <br />(664.2 upland, 438.18 wetland) <br />Purchase costs $22,895,795 <br />(Includes acquistion costs) <br />(Includes $10,755,593 From bond fund) <br />Proposed improvements & resource mgt. $1,084,676 <br />Est. maintenance cost -life of bond (2010) $973,200 <br />($79,100 per year) <br />Est. taxes lost- life of bond (2010) $ 3,570,621 <br />($279,378 per year) <br />(appraised value of $13,968,215) <br />Note: Interest on $15 million bond = $6,383,350 <br />RECEIVED <br />OCT 2 7 1998 <br />CLERK TO THE BOARD <br />FMC - 10/mac./9B <br />Mr. Coffey continued that there are other costs which may need to be included, such <br />as the payment to the Tax Collector to collect taxes, the environmental planning section <br />payroll, and the environmental land acquisition consultant. He believed that Indian River <br />County will satisfy its minimum commitment relative to environmental lands with the <br />purchase of the Carson Platt Estate property. He hoped a copy of this report will be made <br />available to the public at a reasonable cost and recommended it be updated on an annual <br />basis. <br />OCTOBER 27, 1998 <br />-37- BOOK 107 FADE 19" <br />