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-7 '� k, , <br />BOOK iiJ PAGE JLi6 <br />12.A. LOST TREE ISLANDS - EXTENSION OF FLORIDA <br />COMMUNITIES TRUST GRANT FOR PURCHASE (CITY <br />I I 0�I 1 Ilia/���� ai ISI 1� /s��i :� ►i� :� <br />SHORES <br />The Board reviewed a Memorandum of April 13, 2000: <br />TO: Board of County Commissioners April 13, 2000 <br />FROM: Terrence P. O'Brien, Acting County Attomey-lpj?-- <br />SUBJECT: Extension of FCT Grant for Purchase of Lost Tree Islands <br />The County has a pending application before FCT to purchase all of the Lost <br />Tree Islands with a contribution of State money with a cap of $4,376,408 by <br />FCT. <br />FCT has offered to extend this grant until October contingent upon acceptance <br />by the Board of County Commissioners. The question as to whether to accept or <br />reject the extension was brought before the Land Acquisition Advisory <br />Committee at a special call meeting on April 12, 2000. A motion to accept the <br />extension was made but it failed to pass by a 7 to 7 vote. <br />The County at its April 4, 2000 meeting and as expressed in its letter to the <br />Governor and Cabinet of April 6, 2000, reached the conclusion "by unanimous <br />vote that participation by Indian River County in the purchase of these river <br />islands is neither feasible nor desirable." <br />In view of the foregoing, it would not appear to be in the public interest to accept <br />the extension and thus tie up these funds until October when purchase of the <br />islands by the County is "neither feasible nor desirable." <br />Commissioner Grin expressed her total support of the purchase of the islands and did <br />not want to see them developed but believed there was no downside to waiting until the quiet <br />title suit has been settled and resubmitting a revised application. The County would not be <br />a party to the settlement and a revised application could be submitted at a later time. <br />APRIL 18, 2000 <br />