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Lake Orange, Inc. Page Two March 20, 1987 <br /> said tender in cash within said 30-day period shall <br /> cause this right of first refusal to become null and <br /> void. <br /> I Orange County, by this letter, officially notifies Lake <br /> 1 Orange, Inc. , that the attached letter and offer to sell to <br /> Orange County a portion of the shaded area referred to in the <br /> paragraph above is not "pursuant to the terms" of the deed from <br /> Lake Orange, Inc. to Orange County. Orange County, therefore, <br /> reserves its rights, pursuant to that deed, to match any cash <br /> offer for the temporary flood easement or any part of it received <br /> by Lake Orange, Inc. If Lake Orange, Inc. has received an offer <br /> for any of this property, please provide Orange County with a <br /> copy of the offer for consideration by the County as prescribed <br /> in the right of first refusal contained in the deed from Lake <br /> Orange, Inc. to the County. <br /> Very truly yours, <br /> Shirley E. Marshall, Chair <br /> Orange County Board of <br /> Commissioners <br /> ' SEM/lsg <br /> xc: Geoffrey E. Gledhill <br />