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BOOK 1h F' -mu 1 <br />-il 8 -7 <br />River Farms Tract on which staff is working towards an agreement with Mr. Cante. <br />Commissioner Ginn asked what bond money would remain after this purchase, and <br />Mr. DeBlois reviewed page 111 in the backup and advised that the remaining balance would <br />be approximately $300,000 if all listed projects are successfully acquired. <br />Mr. DeBlois explained the philosophy regarding negotiations on the remaining <br />projects with respect to the remaining bond fimds. He assured the Commissioners that they <br />will be kept informed. <br />Commissioner Ginn inquired about the "Diamond property" adjacent to the river and <br />asked Mr. DeBlois which of the pending parcels he thought would be more important to <br />acquire. <br />Mr. DeBlois explained that negotiations are continual and timing is unpredictable as <br />to when a seller will decide to come to terms with the County. He noted that the County <br />cannot expect that everyone is going to agree to sell their property under a "willing seller" <br />program. Mr. DeBlois believed all the parcels in the program are important, but what counts <br />is when and if the seller agrees to a negotiated term. <br />Commissioner Ginn still had concerns because the price for the Salama property was <br />10% above the appraised value and also because the County picks up obligations every time <br />they purchase property. <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Stanbridge, the Board approved (4-1, <br />Commissioner Ginn opposed) exercise of the Salama and <br />Emerson purchase option contracts, and authorized staff to <br />proceed with closing on the subject parcels in coordination with <br />the Florida Communities Trust as a 50% cost -share partner. <br />December 21, 1999 <br />42 <br />