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Consent Agenda - B.C.C. 3.26.19 <br />Office of <br />INDIAN RIVER COUNTY <br />ATTORNEY <br />Dylan Reingold, County Attorney <br />William K. DeBraal, Deputy County Attorney <br />Kate Pingolt Cotner, Assistant County Attorney <br />MEMORANDUM <br />TO: Board of County Commissioners <br />FROM: Dylan Reingold, County Attorney <br />DATE: March 13, 2019 <br />SUBJECT: Release of Demolition Lien <br />BACKGROUND. <br />On August 18, 2015, Indian River County recorded the attached lien on the property located at 13185 76`h Court (the <br />"Property") for the demolition of a nuisance structure. The lien was for $6,715.40. The lien noted that the lien would <br />accrue interest at a rate of 5.75%. In December 2017, Red Bird Investments, LLC purchased the Property via a tax <br />deed sale. Recently, Red Bird Investments, LLC reached out to me stating that they were unaware of the lien. Initially, <br />Red Bird Investments, LLC indicated they wanted to have the lien reduced by fifty percent. I explained that since the <br />lien was for actual costs expended by Indian River County, staff was not willing to support the request, but that staff <br />would support a waiver of the interest accrued. Red Bird Investments, LLC was agreeable to the waiver of just the <br />interest. <br />The County Attorney's Office recommends that the Indian River County Board of County Commissioners ("Board") <br />waive the interest, so long as the lien of $6,715.40 is paid. Once paid, the County Attorney's Office recommends that <br />the Board authorize the County Attorney's Office to prepare a release or satisfaction of the lien. <br />FUNDING. <br />Lien proceeds totaling $6,715.40 will be deposited into MSTU Fund/Other Miscellaneous Revenue account number <br />004038-369900. The costs of recording the satisfaction of the lien will be borne by Red Bird Investments, LLC. <br />RECOMMENDATION. <br />The County Attorney's Office recommends that the Indian River County Board of County Commissioners waive the <br />interest, so long as the lien of $6,715.40 is paid. Once paid, the County Attorney's Office recommends that the Board <br />authorize the County Attorney's Office to prepare a release or satisfaction of the lien. <br />ATTACHMENT <br />Lien <br />C.IUsersllegistarWppDatalLocallTemp\BCL Technologiesle yPDF 81QBCL@D80DDBlEIQBCLQD8ODDBIE docs <br />59 <br />