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recommendation to approve the contract for the purchase of the Beale Holdings, Inc., parcel, and <br />also to approve a brief leaseback, as outlined in the Contract. <br />Commissioner Solari mentioned that the purchase price of the subject property was <br />determined by an appraisal done on an adjacent property, and wanted to know when the appraisal <br />had been done. <br />Attorney DeBraal believed that the appraisal, based on a neighboring property owned by <br />the Stamiles, was done in 2008; however he did not recall the month. <br />Further discussion ensued between Commissioner Solari and Attorney DeBraal regarding <br />the details of a 2007 appraisal which was done on the subject property, but for a different <br />purpose. Attorney DeBraal re -stated that the basis for the cost of the subject right-of-way was <br />based on a recent appraisal of the Stamile property. <br />Chairman Davis requested that staff establish a more specific date of the appraisal which <br />was used to determine value of the subject property. <br />Commissioner Solari questioned the $13,000 cost for replacing/repairing the existing <br />citrus grove trees and irrigation, since the parcel is being appraised as commercial and the trees <br />do not add any value to the property. <br />Attorney DeBraal divulged that the $13,000 cost was mainly for repairs to the irrigation. <br />Attorney DeBraal clarified for Bob Johnson, who posed several questions, some <br />elements of the right-of-way acquisition. <br />To allow time to research the appraisal date, the Chairman called a break at 10:50 a.m., <br />and reconvened the meeting at 10:52 a.m., with all members present. <br />26 <br />June 2, 2009 <br />