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Commissioner Solari questioned the ways funds are represented on the expense <br />description document provided, and Administrator Baird explained the layout of the cost <br />comparison chart. He responded to further Board questions regarding the $100,000 re -branding <br />expenses; what would be the determining factor for the cost to the taxpayer; and how the $2 <br />million in the Capital Reserve Account is utilized. <br />Vice Chairman Flescher's concerns focused mainly on the lack of a business plan <br />or a commitment from the proposed new Tenant. He was concerned about moving forward with <br />an MOU with so many unknowns, and without the public being able to review and provide input. <br />Commissioner Solari said this was much better than the Orioles and Dodger deals <br />and they needed to go forward and endorse the MOU. <br />Commissioner O'Bryan agreed that this would be great for the community. He <br />talked about how much this new team wants to be a part of Indian River County; and said they <br />are a professional baseball organization who believes they can make it a success. <br />MOTION WAS MADE by Commissioner O'Bryan <br />SECONDED by Commissioner Solari, to approve the <br />Lease Proposal submitted by Administrator Baird, and that <br />said provisions be incorporated into a Memorandum of <br />Understanding for the lease of the Dodgertown facility. <br />Bob Johnson, Coral Wind Subdivision, recalled that the Dodgers contract had a <br />bond issue, and he inquired whether this new team has a bond commitment. <br />Administrator Baird said the existing bond issue will remain in effect and we are <br />not looking at issuing any more debt to bring in the new organization, which would be a <br />22 <br />April 21, 2009 <br />