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FUNDING <br />Proposed Sales Price $1,700,000 <br />Expenses: <br />City of Vero Beach Lease $ 547,000 <br />Consultant's Fee $ 102,000 <br />Transfer Taxes $ TBD <br />Recording Fees $ TBD <br />Estimated Proceeds $1,051,000 (less transfer taxes and recording fees) <br />Staff recommends that the proceeds of this sale be allocated to meet future Telecommunications <br />and Emergency Services requirements. <br />RECOMMENDATION <br />Staff recommends, that the Board of County Commissioners enter into Letter of Intent (LOI) <br />agreement with TIGR Acquisitions III, LLC and proceed with due diligence. Staff further <br />recommends that the Board authorize the County Administrator to execute the purchase and sale <br />agreement and the other transactional documents which will be part of the closing process for this <br />property following the completion of the due diligence period and after the County Attorney has <br />approved them as to form and legal sufficiency. <br />ATTACHMENTS <br />TowerPoint Letter of Intent (9-29-2021) — Indian River County (Old Dixie Highway. Cell <br />Tower)_v2.1. pdf <br />DISTRIBUTION <br />Dylan Reingold — County Attorney <br />Tad Stone — Director, Emergency Services <br />Kristin Daniels, Director Management and Budget <br />Purchase and Sale Agreement for 1340 Old Dixie Highway Tower <br />