Laserfiche WebLink
Vice Chairman Solari recommended that staff renegotiate the lease terms consistent with <br />the updated lease policy mentioned by Chairman O'Bryan. <br />MOTION WAS AMENDED by Vice Chairman Solari, <br />SECONDED by Chairman O'Bryan, to DENY the <br />Purchase and Sale agreement with Roy and Cindy Bass at <br />this time; to have staff re -negotiate the terms of the lease <br />agreement to one year; and to negotiate the fair market <br />value of the lease prior to closing. <br />County Administrator Joseph Baird inquired whether the Board wished to use ONLY the <br />value of the appraisal as the purchase price offer, or whether it wished to use the value of the <br />appraisal plus the attorney's fees, appraisal fees, and surveying costs mentioned earlier by <br />Attorney DeBraal. <br />Discussion ensued among the Board, during which it was clarified that the appraisal was <br />for $320,000, and the asking price was $360,000, because of the parties agreeing the appraisal <br />had come in low. Vice Chairman Solari stated that he wanted to go back to using the $320,000 <br />appraisal as the purchase price, as opposed to the $360,000 negotiated amount, and to allow for <br />the extra fees. <br />MOTION WAS AMENDED by Vice Chairman Solari, <br />SECONDED by Chairman O'Bryan, to: (1) present a <br />counter-offer to Roy and Cindy Bass at the appraised <br />value of $320,000, plus attorney's fees of 5.25% of the <br />purchase price; appraisal fees of $6,700; and surveying <br />costs of $3,600; (2) to amend the lease agreement from a <br />two-year to a one-year lease; and (3) to determine a fair - <br />market rental rate prior to closing. <br />26 <br />July 13, 2010 <br />