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n <br /> i� <br /> CONSENT: 8/18/15 <br /> v Ofce of 90 <br /> INDIAN RIVER COUNTY <br /> ATTORNEY I� <br /> Ri I <br /> Dylan Reingold,County Attorney <br /> William K.DeBraal,Deputy County.-Attorney <br /> Kate Pingolt Cotner,Assistant County Attorney <br /> MEMORANDUM <br /> TO: The Board of County Commissioners <br /> FROM: Dylan Reingold - County Attorney <br /> DATE: July 28, 2015 <br /> SUBJECT: Blue Goose South Mine (formerly known as Ranch Road Lake <br /> Mine) —Assumption of Cash Escrow <br /> In January of 2014, creditors of Ranch Road Lake, LLC (Debtor) filed an involuntary <br /> petition against the Debtor under Chapter 7 of Title 11 of the United States Code <br /> (Bankruptcy Code); and in April, 2014 a Trustee was appointed as the Chapter 7 <br /> Trustee in the bankruptcy proceedings. Among the assets of the bankruptcy estate was <br /> the real property located at 82nd Avenue and known as Ranch Road Lake Mine. <br /> In April, 2015 the Bankruptcy Court for the Eastern District of Missouri approved the <br /> sale of the property and ordered that the Trustee sell the 82nd Avenue property on an <br /> Is as is basis. In May, 2015 the Trustee issued a Trustee's Quitclaim Deed to BayTree <br /> Ventures, LLC, a Florida limited liability company (Purchaser). Included in the 82nd <br /> Avenue purchase was the entitlement to any refunded escrowed monies being held by <br /> Indian River County with regard to haul route maintenance, and site plan compliance <br /> and restoration; and an assignment to the refund of those escrowed monies was <br /> executed by the Trustee to the Purchaser. <br /> For tracking purposes, and due to the terms of the agreements between Ranch Road <br /> Lake, LLC and the County, it is necessary that the County consent to the assignment or <br /> transfer with regard to the cash escrows on deposit with Indian River County. <br /> Approved for August 18, 2015 BCC Meeting Indian River Co. App ved date <br /> Consent Admin. <br /> Co.Atty , <br /> Budget <br /> COUNTY ATTORNEY Department z9 �s <br /> Risk Mgmt <br /> 1 114 <br />