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• • • 11.A.1. RODNEY KROEGEL PARCEL ON SOUTH INDIAN RIVER DRIVE (FOLLOW-UP TO CONSIDERATION OF PURCHASE HEARD AT THE JANUARY 8, 2002 BOARD MEETING) THE TRUST FOR PUBLIC LANDS AND FLORIDA COMMUNITIES TRUST The Board reviewed a Memorandum of January 16, 2002: TO: James E. Chandler County Administrator FROM: DATE: SUBJECT: D A 1VIENT HEAD CONCURRENCE: Ra�eh M. eating, AICP Community Development Direct() Roland M. DeBloi CP Chief, Environmental Planning January 16, 2002 Board Consideration of Purchase of the Historic Rodney Kroegel Property on Indian River Drive (Follow-up to January 8, 2002 Board Consideration) It is requested that the Board of County Commissioners foinially consider the following information at the Board's regular meeting of January 22, 2002. DESCRIPTION AND CONDITIONS On October 23, 2001, the Board considered a proposal to buy the Rodney Kroegel property on Indian River Drive, in coordination with 1 he Trust for Public Land (TPL). 1 he subject property is one of three "core" parcels of the homestead of Paul Kroegel, the first wildlife warden of the Pelican Island National Wildlife Refuge (PINWR), the nation's first refuge. At the October meeting, the Board voted to conceptually approve purchase of the Rodney Kroegel property, conditioned upon staff finding funds for the purchase. Subsequently, on January 8, Planning staff and Budget staff recommended that the Board consider the following acquisition/funding approach: • Enter into a three-year lease/purchase agreement with TPL, whereby TPL would buy the property this Spring (under an existing option contract), then sell it to the County for $400,000 or the County's approved appraised value, whichever is less Under the agreement, the County would pay IPL 25% at time of IPL's closing ($100,000), then pay TPL the remainder ($300,000) in two equal installments over the three-year lease period, with interest payable to TPL at prime rate. JANUARY 22, 2002 -41-