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U <br />nnr)nnn i1 i I � <br />Of Vero Bim, Inc. <br />Post Office Box 8250 <br />September 11, 1974 Vero Beach, Florida 32960 <br />(305) 562-8575 or <br />(305)567-8784 <br />Vx. Jack Jennings <br />Chairman, County Commissioners <br />Vero Beach, Fla. <br />Dear Mr, Jenningst <br />As per the suggestion of.the commissioners this date, I submit <br />on behalf of the St. Francis Manor Corporation the following request, <br />We request the commission grant a reduction of the lease rent <br />factor applicable to the 99 year lease between Indian River. County, <br />Florida and St. Francis Manor, Inc. of Vero Beach, Florida, dated <br />August 8, 1973, as followst a reduction of rent from $1,000.00 to <br />$100.00 for the one year period of Sept. 1974 to Sept. 1975. <br />Our reason for this request as presented at the Sept. 11 com- <br />mission meeting is to offset the loss of revenue St. Francis Manor <br />has had during the first year of lease term for which the $1,000.00 <br />was paid. Due to economic conditions and difficulty in obtaining <br />financing, it delayed our construction and completion date to where- <br />as we are not receiving income until this time. We will, in fact, <br />begin receiving our first rental income in the month of October,1974, <br />when our first apartment units will be occupied. <br />Thanking you for this consideration on behalf of all St. Francis <br />Manor Directors and members, I remain, <br />Very sincerely, <br />Fr L Z <br />Vice President i <br />FLZ t edm o- v� <br />. <br />t. <br />A Florida Non-profit Corporation for the purpose of fumishing spertrmm to retired and elderly people with limited incomes. <br />ON MOTION BY COMMISSIONER DRITENBAS, SECONDED BY <br />COMMISSIONER SIEBERT, THE BOARD UNANIMOUSLY APPROVED A <br />REDUCTION OF RENT FROM $1000.00 TO $100.00 FOR A ONE YEAR <br />PERIOD FROM SEPTEMBER 1974 TO SEPTEMBER 1975) AS REQUESTED <br />BY ST. FRANCIS MANOR, INC. OF VERO BEACH, FLORIDA. <br />_11- <br />6flOtt PAG408 <br />