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Thus, should the County not wish to invoke the exemption to the public records law with respect to these appraisals, a motion should be made authorizing the staff to make the appraisals public. Maintaining confidentiality may be problematic given the large number of people who would have to be privy to the confidential appraisal information. Although a confidentiality pledge is required, we will be dealing with at least 15 elected officials and 8-10 staff members of the various local governments. Since the target purchase price has been established as $15 million, the only question is going to be whether the appraisals support that purchase price or whether the negotiating team will have to request additional funding from local governments at some future date. To summarize, if the local governments pre -acquire the property and seek reimbursement from the FCT, we are not required to keep the appraisals confidential and exempt from the public records law. We may elect under the statutes to follow any procedure we choose in negotiating the purchase. If the exemptions are utilized the appraisal amounts cannot be disclosed until a purchase agreement is executed. The negotiating team requests direction of the County Commission as to: • whether to proceed with the pre-acquisition of the property to be followed by reimbursement from FCT funding sources; and, • whether the Board sees any virtue or advantage in maintaining the confidentiality of the appraisals until 30 days before a purchase agreement is ready for consideration for approval by the Board. • whether the Board wishes to modify the Land Acquisition Guide to authorize the staff to make the appraisals public Deputy County Attorney Will Collins stated that Florida Communities Trust has appropriated funding for this purchase subject to receipt of the appraisals. We need to advise them whether we will preacquire the property and seek reimbursement or do a bond acquisition process which is a little more formal. Lost Tree Village is seeking a binding contract and pre -acquiring the property and seeking reimbursement would be the most expeditious method of purchase. Lost Tree has given some indication that they might accept FEBRUARY 5, 2002 -60- nu c rar, t