10/4/1978 - Laserfiche WebLink

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INTERGOVERNMENTAL COORDINATOR THOMAS STATED THAT THE LAST REQUEST RECEIVED BY THE COUNTY FOR USE OF THIS PARTICULAR LAND WAS FOR A RIFLE RANGE, WHICH THE BOARD DID NOT FEEL WAS COMPATIBLE WITH THE AREA. COMMISSIONER Loy INQUIRED ABOUT THE INVESTMENT NECESSARY TO PUT UP SUCH A TOWER AND ASKED WHAT MR. HUBBARD USED AS A BASE TO DETERMINE THE VALUE OF THE LEASE. MR. HUBBARD STATED THAT THE TOWER WOULD REQUIRE AN INVESTMENT OF ABOUT $25,000. HE INFORMED THE BOARD THAT HE BASED HIS FIGURES ON A LAND VALUE OF $3,000 AN ACRE, BUT FELT THE LAND AS IT IS NOW IS ACTUALLY VALUELESS. COMMISSIONER LOY ASKED IF MR. HUBBARD WOULD BE AGREEABLE TO PUTTING IN AN ESCALATOR CLAUSE OVER A PERIOD OF YEARS. MR. HUBBARD POINTED OUT THAT THE COST IN THE LAND IS ALREADY FIXED AND DID NOT SEE HOW AN ESCALATOR CLAUSE WOULD APPLY. HE AGREED THAT THE VALUE OF THE LAND PROBABLY WOULD INCREASE OVER THE YEARS, BUT NOTED THAT THE COUNTY WOULD RETAIN THE LAND. ATTORNEY COLLINS POINTED OUT THAT THE VALUE OF THE DOLLARS PAID ON THE LEASE WOULD DECREASE, AND WHAT IS A FAIR RENTAL TODAY MIGHT WELL NOT BE TEN YEARS FROM NOW. COMMISSIONER SIEBERT SUGGESTED AN ESCALATOR CLAUSE BASED ON THE STANDARD COST -OF -LIVING INDEX, AND COMMISSIONER Loy SUGGESTED POSSIBLE RENEGOTIATING THE BASE EVERY FIVE YEARS. MR. HUBBARD NOTED THAT HE WOULD BE IN A BAD POSITION TO NEGOTIATE AS HE COULD NOT VERY WELL MOVE EVERY FIVE YEARS. HE FELT THAT THE PROPER VALUE OF THE LAND SHOULD BE ESTABLISHED BECAUSE IT IS VERY POSSIBLE THAT $3,000 AN ACRE IS A HIGH FIGURE. ATTORNEY COLLINS.AGREED THAT THE LAND SHOULD BE APPRAISED. DISCUSSION CONTINUED AS TO VARIOUS METHODS OF ESCALATION, AND MR. HUBBARD SUGGESTED THAT A CERTAIN AMOUNT COULD BE CHARGED FOR THE FIRST TEN YEARS AND A HIGHER AMOUNT FOR THE SECOND.TEN, I.E., $1,000 FOR EACH OF THE FIRST TEN YEARS AND $1,500 POR.EACH OF THE NEXT TEN. THE CHAIRMAN SUGGESTED THAT THE AMOUNT MIGHT JUST ESCALATE $50.00 EVERY YEAR. BOOK 36 PArc 389 OCT 4197