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t <br />Acquisition Status <br />Administrative hearings on the issue of land use of the Lost Tree Islands have been completed, pending the decision <br />of the presiding hearing officer. In the interim, settlement of issues between Lost Tree Village Corporation (LTVC) <br />and the Department of Community Affairs (DCA), City of Vero Beach, and Town of Indian River Shores is being <br />contemplated. <br />The County and the FCT have a standing offer to LTVC of $5.7 million for the islands. The ultimate outcome of the <br />land use issues will affect the islands' value, and could therefore justify reappraisals and renewal of negotiations for <br />public purchase of all or some of the islands. <br />The six month extension, already agreed to by the FCT, will allow an opportunity for possible reappraisals and renewal <br />of negotiations. <br />RECOMMRNDATiON <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 />ATTACHMENT <br />Addendum IX to the Conceptual Approval Agreement relating to County/State acquisition <br />of the Lost Tree Islands. <br />ON MOTION by Commissioner Ginn, SECONDED BY <br />Commissioner Adams, the Board unanimously authorized the <br />chairman to execute Addendum IX to Conceptual Approval <br />Agreement with Florida Communities Trust and authorized staff <br />to coordinate with the Town of Indian River Shores and the City <br />of Vero Beach for approval of the addendum by those <br />municipalities, as recommended in the Memorandum. <br />PARTIALLY EXECUTED COPY OF ADDENDUM ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />7.F. Bid Award #9021- Sebastian Water Assessment Proiect, Phase <br />2B - Milks Department - Treasure Coast Contracting <br />The Board reviewed a Memorandum of November 3, 1998: <br />DATE: November 3,1998 <br />TO: BOARD OF COUNTY CO1VIlu MONERS <br />THRU. James E. Chandler, County Administrator <br />H.T. "Sammy" Dean, General Services <br />FROM Free Boynton-PowdL Purchasing hfi a <br />SUBJECT: Bid Award: IRC Bid #9021- Sebastisn water Amt Project, Phase 2B <br />Utilitity Services <br />November 10, 1998 <br />15 <br />• <br />BOOK 10 PAGE jib k <br />