Laserfiche WebLink
Staff met again with representatives from MWI in February, 2012 to discuss the offer of a <br />five year lease with an opportunity to extend the lease for a longer term when MWI expands <br />their facility. At that time, MWI expressed an interest in purchasing 10 acres of the 20 acre <br />site outright rather than negotiate a lease extension. MWI executed a 6 month lease <br />extension in order to give both sides additional time to continue negotiations. The lease <br />extension expired in June 2012 and MWI has been operating under the terms of the lease <br />extension since that time. MWI has always been current in all of its payments. <br />Hoping to gain some security for its future here in Indian River County, MWI has offered to <br />enter into a 10 -year lease extension with a 2% annual increase in its rental payment. Staff <br />has no objection to the lease extension as there are no long range plans for landfill <br />expansion for the MWI site. Earlier this year a Department of Health inspection at the MWI <br />site revealed some environmental violations. MWI worked quickly with inspectors to remedy <br />all issues raised as a result of the inspection. <br />Funding: Currently, the annual lease revenue of $75,500 is deposited into <br />SWDD/Revenue/Rentals —Acct # 411034-347294. <br />Recommendation: Staff recommends the Board approve the Agreement for Lease <br />Extension and authorize the Chairman to sign it on behalf of the Board. Staff further <br />recommends the Board consider selling all or a portion of the 20 acre parcel to MWI and <br />direct staff to continue discussions with MWI accordingly. <br />cc: Vincent Burke <br />Jason E. Brown <br />John Springer, MWI <br />331 <br />