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• Z L ROUND ISLAND SOUTH LAA C SITE - DEGUZMAN PARCEL - CORRECTION TO RECONCILIATION OF COSTS STATEMENT REGARDING PURCHASE The Board reviewed a Memorandum of November 10, 1998: TO: James E. Chandler County Administrator DE CO DATE: November 10, 1998 M. ting, AICP ' Community Development Director / FROM: Roland M. DeBlo' Chief, planning SUBJECT: Approval of Corrected "Statement of Grant Award (Cost -share) Calculations" Regarding County/State purchase of the DeGuzman parcel of the "Round Island South" LAAC Site It is requested that the information herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of November 17, 1998. The Board of County Commissioners, at a public hearing on September 8, 1998, approved county purchase of six of nine parcels in the Round Island South LAAC project, with a 50% cost -share grant from the Florida Commtmnes Trust (FCT). Subsequently, on October 20, 1998, the Board approved closing documents associated with the purchase, including "Statements of Grant Award (Cost -Share) Calculations" (see attached minutes). One of the six parcels is being acquired from the DeG»z"Ana County staff in coordinating with FCT's attorney and the DeGuzman's attorney for closing of that parcel, learned that the Statement of Grant Award Calculation for the DeGuzman parcel inadvertently did not include a $200 fee relating to title insurance. For that reason, attached is an Amended purchaser's Reconciliation of Total project Costs" statement relating to the DeGuzman parcel for the Board's approval consideration. The DeGuzman reconciliation statement provides a break -down of acquisition costs, and details concerning the cost - share amount that the County will receive from the FCT. The amended statement accounts for the $200 fee that was inadvertently left out of the statement approved by the Board on October 20". As provided for on the revised statement, 5001a of the fee will be paid by the FCT, thus the con=tlon reflects $100 in additional cost to the County than what has already been approved. Staff recommends that the Board of Comity Commissioners approve the attached "Amended purchaser's Reconciliation Of Total Project Costs" statement relating to the DeGuzman parcel of the Round Island South site, and authorize the Board Chairman to execute said document ON MOTION by Commissioner Adams, SECONDED by Commissioner Ginn, the Board unanimously approved the Amended Purchaser's Reconciliation of Total Project Costs statement relating to the DeGuzman parcel of the Round Island South site and authorized the Chairman to execute same, as recommended by staff. COPY OF AMENDED RECONCILIATION IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD NOVEMBER 17, 1998 -23- • BOCK 107 PAGE 038