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File #: 25-0947    Version: 1
Type: Department Staff Report Status: Agenda Ready
File created: 9/20/2025 In control: Parks, Recreation, and Conservation
On agenda: 10/7/2025 Final action: 10/7/2025
Title: Consideration of a Sale Agreement for the Purchase of the 11.74-acre Durrance Place site through the Environmental Lands Acquisition Bond
Attachments: 1. Attachment 1 Durrance Place Assessment, 2. Attachment 2 Durrance Place Appraisals, 3. Attachment 3 Palm Bay Joan LLC with Indian River County Agreement
Related files: 23-0445, 25-0922, 20-1630, 23-0264, 23-0347, 23-0391, 23-0288, 23-0403, 23-0492, 23-0626, 23-1057, 24-0482, 25-0319, 25-0946, 25-0921
TO: The Honorable Board of County Commissioners

THROUGH: John A. Titkanich, Jr., County Administrator

THROUGH: Michael C. Zito, Deputy County Administrator
Chris Hicks, Assistant County Attorney
Beth Powell, Parks, Recreation & Conservation Director

FROM: Wendy Swindell, Parks, Recreation & Conservation Assistant Director

DATE: September 22, 2025

SUBJECT: Consideration of a Sale Agreement for the Purchase of the 11.74-acre Durrance Place site through the Environmental Lands Acquisition Bond
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BACKGROUND
On March 8, 2022, the County Administrator provided the Indian River County Board of County Commissioners (“BCC”) with a proposed resolution authorizing an Environmental Land Bond Referendum for the November 8, 2022, ballot. Resolution 2022-016 was passed by majority vote. The Resolution calls for a Bond Referendum Election for the issuance of general obligation bonds as follows: “To acquire and permanently preserve environmentally significant lands to restore the Indian River Lagoon, protect water resources, natural areas, wildlife habitat, drinking water resources, and construct public access improvements related thereto, shall Indian River County be authorized to issue general obligation bonds up to $50,000,000, maturing within 20 years from each issuance, not exceeding the legal maximum interest rate, payable from ad valorem taxes, with full public disclosure of all spending through annual independent audits.”

The BCC established the Environmental Land Acquisition Panel (ELAP) as a nine-member group to review information provided during the application process and provide recommendations to the BCC regarding the prioritization of the acquisition of environmentally sensitive lands. The ELAP has held twenty meetings between August of 2023 and September of 2025.

The County’s environmental bond process allows the public to nominate properties for acquisition at any time...

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