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Commissioner Eggert recalled that when the drug rehab group tried to see if they could renovate anything in that area, they found that the cost was prohibitive. OMB Director Joe Baird pointed out that under generally accepted accounting principals, we are allowed to capitalize demolition costs as a cost of putting a new asset in place. He would have to check his work papers, but he believed we budgeted $10,000 in Building & Grounds this year for demolition purposes to try and clear up the area after the Sheriff vacated the premises. Commissioner Eggert stated that she had estimated the cost of the demolition at $300,000, and Chairman Scurlock suggested that the Board authorize up to $25,000 initially, and then do all the bookkeeping and paper work with respect to what accounts it will be charged to. Director Baird asked if the Board wanted those costs charged to the construction fund for the new Jail or out of the general fund. Chairman Scurlock felt the library was going to acquire the land basically for whatever the demolition costs were, which we believed would be around $300,000, and suggested that the actual costs for demolition should not exceed $300,000. Commissioner Wheeler felt that we would be throwing in another $100,000 to the library since we have a liability value of $400,000 on that site. He felt even though the County owns that property, we should sell it for that value, and then if we go over that figure or under that figure in demolition costs, the County would absorb it out of the $400,000. Director Baird explained that the property waspurchased with general fund money back in 1920 by the Sheriff. MOTION WAS MADE by Commissioner Wheeler, SECONDED by. Commissioner Bowman, that the Board authorize demolition costs not to exceed $350,000. 48 BOOK 71 PAGE 347 MAR 2 2 1988