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Amanda Magee, representing the Children's Home Society (CHS), reiterated the history of the purchase of the property and their appearances before the Board of County Commissioners. The CHS investigated using the property for a home for runaway children but then accepted an offer of a place in Ft. Pierce for $1.00 a year, which they have been operating since 1991. There they have served hundreds of children, many of whom reside in Indian River County. They also offer numerous other services here in the county. After having received permission from the County in 1999 to sell the property, they have had a number of potential buyers and obtained an "assessment" (sic) of the property. Once the value became known, the interest in the property increased, and the Public Works Department indicated a need for it for storm retention. She asked the Commissioners to reflect on their decision of July 1999; she hoped some fair resolution could be reached. She understood that the current market value is $82,000. The CHS hoped to recover some of the money and time they have expended on the Oslo Road property so the proceeds can be reinvested in the facility they are presently renovating for children in downtown Vero Beach. In response to Chairman Adams' inquiry, Ms. Magee estimated they have invested about $15,000 in the property since 1991 and could provide documentation for the insurance and other expenses, such as mowing and staff to remove squatters and drug -users. A brief discussion ensued after which Commissioner Macht suggested the Board do two things: 1) make CHS whole for provable expenses and 2) increase the agreed $25,000 to a present fair value. Deputy County Attorney Collins advised that he had contacted the Finance Department to try to determine what interest had accrued on the $25,000 and he was told the interest was ±$12,000. So, in terms of making the CHS whole, if we gave them $37,000, that would cover the purchase price and interest earned. August 1, 2000 98