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CONSENT AGENDA -� INDIAN RIVER COUNTY, FLORIDA AGENDA ITEM Assistant County Administrator Date: November 4, 2013 To: The Honorable Board of County Commissioners Thru: Joseph A. Baird, County Administrator From: Michael C. Zito, Assistant County Administrator Subject: Proposed Fourth Amendment to Facility Lease Agreement—Historic Dodgertown DESCRIPTION AND CONDITIONS: On June 4, 2013, the Board of County Commissioners approved the terms of a Third Amendment to Facility Lease Agreement with Verotown, LLC ("Verotown"). in which, among other things, Verotown exercised its right to renew the lease for an additional five years, and the County agreed to pay for or reimburse Verotown for the actual costs of renovating 67 hotel rooms in an amount not to exceed $600,000. In compliance with the Third Amendment, the County publically bid the room renovations and the lowest, most responsive bidder cost for the job (including County purchased items to save sales tax) was approximately $634,000 or $34,000 over the allotted amount. The parties have agreed to reduce the number of rooms to be renovated from 67 to 61 in order to comply with the terms of the Third Amendment. ,,40W The parties wish to amend Section 5 of the Third Amendment to state that the County is responsible for renovating 61 hotel rooms in an amount not to exceed $600,000, and Verotown is agreeable to this amendment. RECOMMENDATION: Staff respectfully requests that the Board authorize the Chairman to sign the Fourth Amendment to Facility Lease Agreement (Attached). ATTACHMENTS: Fourth Amendment to Facility Lease Agreement Approved Agenda Item Indian River Co. Approved Date BY: Administration 111-7 13 Joseph A. Baird County Attorney / County Administrator Budget Department IN FOR: November 12, 2013 Risk Management F:AAssistant County Administrator\AGENDA ITEMS\2013\BCC I 1 NOV 2013\Proposed Fourth Amendment to Facility Lease Agreement.doc 109