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BOOK 108 PAGE 75 was a violation of the guide. He felt the process should not be attacked just because the appraisals were not to their liking. Commissioner Ginn asked if Chairman Macht had so stated this in his letter to Indian River Shores, and Chairman Macht responded he had said that there is, in effect, a moratorium because the Board of County Commissioners has said they would only expend funds as they have them and decided not to issue additional bonds. Commissioner Ginn inquired if the wetlands Commissioner Stanbridge mentioned were new to the LAAC list or were they on the original list. She also indicated that private parties may be willing to pay for a third appraisal of the Lost Tree Islands. Both Commissioner Stanbridge and Chairman Macht responded that the wetlands referred to had been on the original list. Chairman Macht added that DEP had already rendered information (about submerged lands) that does not favor raising the appraisal values. He understands the County is presently waiting for the ALJ's (Administrative Law Judge) decision concerning the ownership of the submerged land, which will certainly affect the appraisals. Assistant County Attorney Terrence P. O'Brien confirmed his understanding. Commissioner Stanbridge believed the Board would buy Lost Tree Islands if they became available at a price within the LAAC guidelines. Chairman Macht commented that the desire to purchase Lost Tree Islands at the appraisal price has not diminished. Commissioner Ginn commented that the appraisals were nine years old. Vice Chairman Adams pointed out that was how long the Board had been looking at buying them. She added her concern that the County has not taken advantage (mitigation banking) of the wetlands already purchased. Commissioner Stanbridge suggested that some technical people on the LAAC would be helpful and commented that purchase of environmental land is for all people in Indian River County. Chairman Macht mentioned that another property (Lowenstein-Salama) is another property on the original list that the County has been unable to purchase because the owners want more than the appraised value. Environmental Planning & Code Enforcement Chief Roland M. DeBlois explained that the properties that have already been acquired have been used for mitigation banking. He explained the two approaches and the two purposes for mitigation, one of which actually JANUARY 12, 1999 26