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Chairman Davis presented a scenario of what could happen without the one-year <br />option, and discussed the flexibility of the 45 days versus the one-year option. <br />MOTION WAS MADE by Commissioner O'Bryan, <br />SECONDED by Vice Chairman Flescher, to approve the <br />purchase, and the terms of the leaseback would be an <br />initial two-year Lease with annual renewals of one year, <br />based upon Board approval. <br />Under discussion, Commissioner Solari gave reasons why he thought the offer was <br />generous, and because of which, he was happy to go along with the Motion. <br />Vice Chairman Flescher believed it was a fair and equitable offer and well <br />negotiated. He commended everyone involved with the process; but said he did not agree with <br />the Lease, in concept, because it might set a precedent. <br />Bruce Barkett, Esquire, 756 Beachland Boulevard, addressed the 45 -days <br />concerns and explained why he thought those days were longer than perceived. He also <br />suggested that at the time of renewal, some standards could be inserted in the document so <br />everyone would be aware. <br />Chairman Davis felt they needed more than 45 days and suggested they renew on <br />an annual basis instead. That prompted further debate between Mr. Barkett and the Board, and <br />Vice Chairman Flescher stated, for the record, that this Board has never denied the extension of a <br />lease. <br />28 <br />April 21, 2009 <br />