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CAPPELEN LEASE FOR HEALTH DEPARTMENT <br />Administrator Balczun reviewed the following memo: <br />TO: Honorable Members of <br />the Board of <br />County Commissioners <br />THROUGH: Charles P. Balczun <br />County Administrator <br />FROM: Joseph*. Baird <br />OMB, Director <br />DESCRIPTION OF CONDITION <br />DATE: July 14, 1987 <br />SUBJECT: CAPPELIN LEASE <br />Indian River County is leasing property located at 2455 14th <br />Avenue for the County Health Department. The property is leased <br />from Russell G. Cappelen at a cost of $375.10 a month until <br />June 15, 1987. After June 15, 1987 the County has an option to <br />renew the lease for eighteen (18) months at $715.00 per month. <br />The initial lease amount of $375.10 was negotiated because <br />of leasehold improvements that needed to be done. According to <br />Lynn Williams it was understood that after eighteen (18) months <br />the lease amount would increase to the fair marked value of <br />$750.00/month. <br />RECOMMENDATION <br />Staff recommends the Board of County Commissioners extend <br />the current lease with Russell G. Cappelin for eighteen (18) <br />months. <br />Commissioner Bird wished to know how many square feet are <br />involved, and Commissioner Eggert inquired about $715 per month <br />as opposed to $750 a month. <br />OMB Baird noted that since the Commission has not authorized <br />extension of the lease, Mr. Cappelen has not been paid since <br />June. <br />Discussion continued regard the actual amount the lease <br />would increase to per month and the square footage involved. <br />ON MOTION by Commissioner Eggert, the Board unani- <br />mously tabled the above matter until later in the <br />meeting when staff can provide more information. <br />81 <br />'JUL 141X97 <br />J <br />