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APR 7 1982 At the close of discussion, Mr. Hubbard was directed to prepare a lease for consideration by the Board. Negotiations con- tinued through May 23, 1979, at which time the file was closed. WGYL has actively pursued FCC and FAA licensing since that time and in a letter dated July 28, 1981, restated their intent to complete the lease of this -property. .Staff felt it necessary to rebid this property as other firms had shown interest in lease/purchase of this parcel. Public Notice was published February 17, 24, March 3, 19821, in the Vero Beach Press. Journal as required by Florida State Statutes. Two bids were received in answer to this advertisement. Bids were opened on March 9, 1982. Both firms submitting bids offered lease or out right purchase. An appraisal of this property was made by Ed Schlitt Agency, Inc. on March 12, 1982, with the market value of the fee simple title to the property set at $13,000.00. The Indian River County Property Appraisers' Office set taxable just value at $16,520.00. 2. Alternatives and Analysis': A) WGYL Radio has proposed to lease said property for a twenty year term with monthly payments of $100.00 for the fir.9.t ten years and $125.00 -monthly for the next ten years. Proposed use of land is for construction and maintenance of a radio broadcast tower and transmitter building. Antenna space may be negotiated on the tower for use by the Sheriff's Department and Ambulance Squad at agreed upon rates. B) WAXE Radio has proposed to lease said property for a ten year term with a ten year option for an annual lease pay- ment of $750.00. Proposed use of site is for WAXE Radio tower and transmitter building. C) WAXE Radio has proposed to.purchase•'said property for the - sum of $20,000;00. Proposed use of site for radio tower and transmitter building. D) WGYL Radio has proposed to purchase said property for the sum of $16,000.00. Proposed use of site for a radio tower and t-fansmitter building. 3. Recommendations and Funding: A) Staff be instructed to issue a license for the right to use the property for tower purposes, thereby reserving unto the County the right to use the balance of the property for other County purposes. Instruct Staff to issue said license to WGYL as highest and/or best bidder. B) Instruct Staff to negotiate a lease based on the terms stated in the proposal submitted by WGYL with the follow- ing exceptions: 1) Antenna space on the tower for use by Sheriff's Department and Ambulance Squad be negotiated at the rate of $1.00 per year. 2) That negotiations should include whether the lessee be allowed to construct other buildings for lease without paying further rent or without the County's consent.