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LEASE AGREEMENT WITH CREDIT UNION <br />Attorney Brandenburg reported that this is the County's <br />standard lease for space in the Administration Building, and it - <br />provides 578 sq. ft. at the rate of $8.72 per sq. ft. per year. <br />Motion was made by Commissioner Lyons, seconded by <br />Commissioner Fletcher, to approve the lease with the Indian River <br />Federal Credit Union and authorize the signature of the Chairman. <br />Commissioner Fletcher commented on the large percentage of <br />rental increase we are anticipating over a period of four years <br />as related to the anticipated inflationary increase rate. <br />Assistant Administrator Greene stated that this is <br />consistent with the philosophy the County has used in all the <br />prior leases, particularly in regard to the requirements of the <br />State agencies, which desired to have a fixed percentage increase <br />each year rather than relying on the Consumer's Price Index. <br />Commissioner Fletcher expressed concern about leasing space <br />to outside agencies and getting ourselves into a corner where we <br />have to go look for rental space for our personnel at higher <br />rates. <br />Mr. Greene replied that all our leases are with groups which <br />it" was anticipated would occupy the building when it was <br />reconstructed; we are not looking for any outside groups; and we <br />still do have space available. <br />The Chairman called the question. It was voted on and <br />carried 4 to 0 with Commissioner Wodtke being temporarily absent. <br />MAY 51992 61 <br />