8/27/1991 - Laserfiche WebLink

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UG 2 u 71 600K , TO: James E. Chandler, County Administrator FROM: James W. Davis, P.E. Public Works Director SUBJECT: Request by City of Vero Beach to Extend 16th Street Ballfield Complex Leases until October 21, 2010 REF. LETTER: Lawrence E. Braisted to Charles Vitunac dated June. 10, 1991 DATE: August 21, 1991 FILE: 16stles.agn DESCRIPTION AND CONDITIONS Two existing leases between the City of Vero Beach(lessee) and Indian River County (lessor), which leases to the City 11.76 acres of land north of the•Vero Beach High School, expire October 21, 1994 and February 26, 1994. The leased land is improved with lighted ballfields and is used for recreational purposes and parking only. The City is requesting the lease extension prior to the 1994 expiration dates due to planned improvements costing in excess of $200,000 that are scheduled in the next two years. ALTERNATIVES AND ANALYSIS The County staff and Parks and Recreation Committee have no objections to extending the above leases until October 21, 2010. A termination clause gives either party the right to terminate the lease on a one year notice. The County must reimburse the City of Vero Beach for capital improvements based on a 16 year depreciation schedule if the County terminates the lease prior to 2010. City and County residents can use the recreation facilities and there are no differences in charges to the City and County residents in* using the facilities. RECOMMENDATIONS AND FUNDING Staff recommends approval of the Lease Extension Agreement and requests authorization for the Chairman to execute the ,agreement. ON MOTION by Commissioner Wheeler, SECONDED by Commissioner Scurlock, the Board unanimously approved and authorized the Chairman to execute the Lease Extension Agreement with the City of Vero Beach for ballfield complex leases until October 21, 2010, as recommended by staff. SAID LEASE AGREEMENT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD 40