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the grocery store and laundromat are, and there are leases <br />running on the store until 1991 and if the option is exercised on <br />the laundromat, until 1997. We will become their landlords and <br />collect rents from them after we close on the property through <br />the fulfillment of their leases, unless we can negotiate to <br />terminate earlier. <br />This was confirmed by the Chairman and the County Attorney. <br />Commissioner Bird noted that he just wanted to make a point. <br />He stressed that he is all for the downtown revitalization, but <br />does hope with the step we are taking, we get the credit that he <br />feels is due because he honestly feels we are paying a premium <br />for this piece of property where we are buying improvements we <br />don't need and then have to pay to have them removed at some <br />point in the future. In other words, he felt we are paying too <br />much for this property, but he is trying to justify this in his <br />mind with the efforts we are making towards the rejuvenation of <br />the downtown area. <br />Commissioner Wheeler asked where we stand with the old <br />library being transferred to us and was informed that the City <br />already has transferred that property to us; we just need to <br />accept it formally. <br />The Chairman asked if anyone present wished to be heard. <br />There were none, and he thereupon declared the public hearing on <br />the purchase of the Moon property closed. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Wheeler, the Board unanimously (4-0) <br />authorized the Chairman to execute the contract for <br />the.pur.chase of the Moon property at a price of <br />$325,000 and formally accepted the quitclaim with <br />conditions from the City of Vero Beach. <br />35 <br />MAY 311988 BooK, 12 , u, 440 <br />