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Honorable Board of County Commissioners
<br />Indian River County, Florida
<br />Vero Beach, Florida
<br />Gentlemen:
<br />Pursuant to Notice published in the Vero Beach Press.Journal under
<br />dates of May 3 and May 10, 1973, in which your honorable body has given
<br />notice that it will receive sealed written bids up to the hour,of
<br />9:00 o'clock A.M. on May 23, 1973,..•for _:a, .99 -year lease on the following
<br />described land lying and being in the City of Vero Beach, Indian River
<br />County, Florida, and more particularly described as follows, to -wit:
<br />From the NW corner of the SWQ of the SEh of Section 2,
<br />Township 33 South, Range 39 East, run East a distance of
<br />80 feet, thence run South a distance of 75 feet to a point
<br />of beginning; from said P.O.B., run East a distance of 375
<br />feet, thence run South a distance of 540 feet, thence run
<br />West a distance of 375 feet, thence run North a distance of
<br />540 feet to said P.O.B. - containing 4.65 acres, more or less;
<br />and specifying that such bids will be received for such lease only for
<br />the purpose of providing low-cost multiple family low rental units to
<br />individuals and couples over sixty years of age, with age exceptions for
<br />the handicapped, the undersigned non-profit corporation, organized and
<br />existing under the laws of the State of Florida, hereby submits its bid
<br />for such lease as follows:
<br />1. The undersigned corporation desires to lease said property for a
<br />term of 99 years.
<br />2. Said property will be used by said corporation for the purpose of
<br />providing at cost multiple family rental units to individuals or couples
<br />over sixty years of age, with age exceptions for the handicapped, with
<br />the amount of *rentals to be fixed at the actual cost of construction,
<br />maintenance and operation.
<br />As stated, this corporation was formed as a non-profit corporation for
<br />the purpose of providing housing as herein specified and without any
<br />profit to be made to any person, corporation or institution therefor.
<br />The corporation, however, recognizes that in bidding for this lease it
<br />is seeking property now owned by all of the people of Indian River County,
<br />Florida, and that its utilization for non-profit purposes is such that in
<br />all probability taxes will not be collected thereon, and, therefore, the
<br />,,,corporation feels that there should be a reimbursement to the taxpayers
<br />of Indian River County for the use of such property for the term of this
<br />lease, even though no profit is to accrue to anyone thereon. Keeping
<br />this in mind, therefore, and recognizing that the amount paid for the
<br />lease must necessarily be added as a part of the cost of operation, the
<br />undersigned corporation offers to pay to Indian River County the sum of
<br />$99,000.00 for such lease payable at the rate of $1,000.00 per year
<br />during the term of this lease.
<br />Upon the acceptance of this offer, a lease will then be executed and
<br />signed by this corporation with the Board of County Commissioners of
<br />Indian River County embodying the terms and conditions as specified in
<br />your published Notice of request for bids.
<br />ST. FRANCIS MANOR OF VERO BEACH, FLORIDA, INC.
<br />a Florida corporation non-profit)
<br />By:
<br />rank L. ora, President
<br />Attest:
<br />William . Bieschke, Secretary
<br />MAY 2 31973
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