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Board of County Commissioners Meeting Minutes - Final October 16, 2018 Central Corporation would acquire the remainder of the parcel formerly known as Lennie's Lounge, located at 1959 43rd Avenue, to relocate underground gas tanks, in exchange for the land needed to expand the right-of-way on both SR 60 and 43rd Avenue. He mentioned that the cost of the acquisition would be split between the County and the Florida Department of Transportation (FDOT) and that the County Attorney's Office has not yet received confirmation as to whether the County would be reimbursed by the FDOT for the value of the former Lennie's Lounge property. In response to an inquiry from Chairman O'Bryan, Attorney DeBraal confirmed that the County would not be liable for any contamination or environmental issues that could result from the relocation of the underground gas tanks. A motion was made by Commissioner Flescher, seconded by Commissioner Adams, to approve: 1) staffs recommendation; and 2) Resolution 2018-104, approving an exchange of land between Indian River County and Paradise Central Corporation. The motion carried by the following vote: Aye: 5 - Chairman O'Bryan, Vice Chairman Solari, Commissioner Adams, Commissioner Flescher, and Commissioner Zorc 14. COMMISSIONERS MATTERS A. Commissioner Peter D. O'Brvan, Chairman 14.A.1. 18-2340 Presentation on Commercial Property Assessed Clean Energy (PACE) Recommended Action: N/A Attachments: Commissioner's Memorandum The STATE OF PACE PowerPoint Presentation Frank Bernardino, Anfield Consulting, introduced Natalie Schneider, Renew Financial, Florida Regional Director of Government Affairs, who used a PowerPoint Presentation to explain the details of the Property Assessed Clean Energy (PACE) program, a program designed to create energy, save energy, or improve and harden: the property. She introduced Toby Wagner, Southeastern Investment Securities, President, 1385 W. Island Club Square, who: provided background and answered questions regarding: the terms of the loan and the administration costs associated with the PACE program. In response to questions from members of the Board; Ms. Schneider explained that an energy audit was not required, and that a contractor may suggest the PACE program to their customer as a way: to finance energy-saving repairs, in addition to the property owner saving money on utility bills and insurance. She clarified that a lien would be recorded and could be transferred with the ownership of the property. Indian River County Florida Page 17