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TO: Board of County Commissioners <br />FROM: <br />DATE: <br />RE: <br />Charles P. Vitunac, County Attorney <br />April 19, 1988 <br />CONTRACT FOR PURCHASE OF NORTH <br />COUNTY LIBRARY SITE <br />BOARD MEETING - APRIL 26, 1988 <br />The attached contract is presented to the Board of County <br />Commissioners for approval and execution by the Chairman. <br />It is the same basic contract which was previously approved <br />by the Board for the purchase of the North County Library <br />site from Sebastian Lakes Associates. The contract has been <br />changed slightly by adding additional property to expand the <br />land to be purchased to allow better site orientation. The <br />purchase price has been increased accordingly to $204,187.50 <br />or an increase in the amount of $7,207.50. The survey of <br />the property has been approved by the County Surveyor, <br />Charles Cramer, and the Budget, Legal, and Administrative <br />staffs have approved the execution of the contract. Closing <br />will be within 21 days of the date of the contract. Funds <br />will be provided from interfund borrowing until the bond <br />issue is sold. <br />Attorney Vitunac pointed out that while the memo says the <br />purchase price is $204,187.50, there is also a donation of 60% of <br />that; so, the real purchase price will come to around $81,000. <br />For the record, the purchase price they want talked about is the <br />$200,000. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Bird, the Board unanimously approved the <br />contract with Sebastian Lakes Associates for the land <br />for the North County Library site and authorized the <br />signature of the Chairman. <br />(SAID CONTRACT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD.) <br />74 <br />APR 26 19 <br />913 r•pr•[ <br />