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2S <br />INDIAN RIVER COUNTY MEMORANDUM <br />TO: Joseph A. Baird, County Administrator , <br />FROM: Christopher R. Mora, P.E., Public Works Director Cl�N7 <br />SUBJECT: Lease Extension, 6855 66th Avenue, Vero Beach, FL, 66th Avenue Future <br />4--laning Project, Owner: Indian River County, Tenant: John A. Jackson, Jr. <br />DATE: February 3, 2016 <br />DESCRIPTION AND CONDITIONS <br />The County purchased the Jackson property in March, 2009 to accommodate the future <br />4-laning of 66th Avenue. The property consists of 1.75 acres of land and a single family <br />house where Mr. Jackson resides. From March, 2009 to March 2013, the County leased <br />the property to Mr. Jackson for one dollar ($1) per month. <br />When the lease was renewed in 2013, Mr. Jackson agreed to pay fair market value of <br />$800 per month rent for the remainder of the lease He has also provided proof of <br />property/casualty insurance, as required by the original Lease dated March 10, 2009. <br />An estimated lease value for the subject property is $850 to $1,000 per month. <br />Staff has no objection to Mr. Jackson remaining on the property until the roadway is <br />ready for widening provided he continues to maintain the property in good condition, <br />pays all utility and maintenance costs, and agrees to vacate the property within 60 days <br />after advertisement of the bid to widen and improve the section of 66th Avenue near the <br />property. <br />FUNDING <br />None <br />RECOMMENDATION <br />Approve the three (3) year Lease Renewal Agreement as presented, allowing John A. <br />Jackson, Jr. to remain on the premises and the lease to terminate within 60 days after <br />advertisement of bid to widen and improve the section of 66' Avenue near Tenant's <br />property, at $800 per month. The rental amount of $800 shall be due and payable on <br />the 10th day of March, 2016 and the 10th day of every month thereafter <br />ATTACHMENTS <br />Copy of Lease Extension <br />APPROVED AGENDA ITEM <br />'FOR: March 1, 2016 <br />B <br />Indian River County <br />Approved <br />Date <br />Administration <br />Bud et <br />Legal <br />Public Works <br />°x " ► 4 / 6 <br />Engineering <br />2-A/l <br />F•\Public Works\Luanne M\Land Acquisition docs\Lease backsUackson Lease Extension BCC 02-03-16.doc <br />87 <br />