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HIGHLAND MOTEL, DEMOLITION LIEN The Board reviewed the following memo dated 3/18/87: TO: The Board of County Commissioners DATE: March 18, 1987 SUBJECT: Highland Motel - Demolition Lien FROM: James P. Wilson Assistant County Attorney J On February 16, 1983, the Board of County Commissioners of Indian River County approved the demolition of the Highland Motel located near the entrance of Sebastian Highlands, as a nuisance structure. The County Road and Bridge Department destroyed the building and incurred costs of $9,150.29. A lien was filed to secure payment of the demolition costs which are unpaid and accruing interest at the rate of 12% since April 8, 1983. The accrued interest, calculated through March 24, 1987, is $4,343.99. The property was recently purchased at tax auction by the Sebastian General Partnership. Earl Witherby, agent for the Sebastian General Partnership, has contacted me and offered to settle this matter by paying the principal amount. The, Board must determine whether to accept this amount and waive payment of the accrued interest or contest the lien in a future possible legal action. I will be available at the meeting of March 24th to discuss this matter with the Board so that 1 may relay your decision to Mr. Witherby. Assistant County Attorney Jim Wilson advised that the Board must determine whether to accept this amount and waive payment of the accrued interest or contest the lien in a possible future legal action. There is a possibility that we may not be able to collect any of the costs, but he believed we would have a better than 50-50 chance of winning in court. They have agreed to pay everything but the interest. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Wheeler, the Board unanimously denied the request by Sebastian General Partnership to waive the payment of accrued interest. 110 1987 BOOK l PACE