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Dylan Reingold., County Attorney <br />William K. DeBraal, Deputy County Attorney <br />Kate Pingolt Cotner, Assistant County Attorney <br />r, <br />INDIAN RIVER COUNTY <br />ATTORNEY <br />MEMORANDUM <br />TO: Board of County Commissioners <br />THROUGH: Chris Mora, Public Works Director <br />FROM: William K. DeBraal, Deputy County Attorney <br />DATE: November 12, 2014 <br />SUBJECT: Extension of Lease Agreement with Indian River Soccer Association <br />for Fairgrounds Soccer Facilities <br />In 1994, the Indian River Soccer Association (IRSA) entered into a lease agreement where <br />IRSA would develop and maintain soccer fields and facilities. The original lease called for <br />an annual payment of $200 per year for a term of 20 years for the 18.34 acres of land. An <br />additional 1.84 acres was added in 2000 and the annual rental payment was lowered to <br />$1.00 in 2010. IRSA has built all improvements on the property, with the exception of <br />the lighting, and provides for all maintenance on the site. <br />The attached Extension of Lease Agreement proposes another 20 year term to the lease <br />expiring November 2034. Staff has no objection to the proposed extension. <br />Funding. There is no direct funding impacted by this extension of the Agreement. <br />Recommendation. Staff recommends that the Board authorize the Chairman to sign the <br />attached Extension of Lease Agreement between Indian River County and Indian River <br />Soccer Association to provide for the extension of the Lease until November 13, 2034. <br />Staff further recommends the Board authorize the Chairman to execute the attached <br />resolution approving the lease extension as required by Florida Statutes §125.38. <br />Please contact me should you have any questions concerning this matter. <br />287 <br />