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I reviewed the appraisal on the Preuss property and found some mistakes and discrepancies that I pointed out in my previous fax transmittal dated 5/14/99 a copy of which I am enclosing with this letter. I would appreciate hearing the comments from your Appraiser regarding the matters I addressed in that correspondence. Mr. Preuss and his partners have granted my wife and I a back up contract to purchase the parcel in the event the County elects not to execute its option to purchase. We are committed and obligated to close the purchase within 30 days of the County's decision not to proceed. " 1 would like to make a proposal to the County and State that we feel will create a win-win situation for all the patties involved. If the County and State elect not to purchase the Preuss parcel we will purchase it and then immediately donate or place Environmental Easements on approximately 95% of the property in favor of the State and County. We would only like to retain a small parcel to 9301 A -1-A. Suite 4 Vero Beach. Florida 32963 9636 Owarniew Lane Ocean City, Maryland 21842 Telephone (561) 589.8000 FAX (561) 589-5100 Telephone (410) 213-0483 FAX (410) 2134598 Respond to: 0 Respond to: a build a 2 -bedroom home that would have a footprint of approximately 26 feet by 38 feet, or 988 sq. ft. The total size of the home will be less than 2000 sq. ft. We would also build a small residential dock I am enclosing a copy of the survey that stows the proposed location of the home and the land that would be donated or covered by Environmental Easement. It would be our intention to work with the County and State to make certain that the natural vegetation is restored and maintained on the entire parcel including the small area we would retain. The area that we would retain would total approximately 5,000 sq. ft so if the County does exercise their option and purchases the property, they will be paying a rate of over 52,400,000 per acre for the small portion not donated to the County or covered by the Environmental Easement. In order to assure compliance with the items I mention in this letter, we would welcome the opportunity to work with the County Attorney to reduce this understanding to a bidding agreement. Please fax me a copy of your report and recommendation to the Committee and let me know if you need any additional information. I look forward to the meeting on Wednesday the 266 . Thank you for your consideration. Sincerely, Tho H. Collins CC: Bob Keating, Planning Director County Commission JUNE 19 1999 -21- 0 li^J 600K.�L�7 I