2/27/1996 - Laserfiche WebLink

Home Browse Search

BOOK T'i F-muE V? different facility. In return, the County would eliminate their annual payment of $45,000 and turn over 1/2 of the racetrack revenue, or $223,250, which would have an impact on the County of $268,000 annually. Either of those alternatives would have a significant impact on the County as we have pledged the racetrack funds to the golf course. Depending on the alternative, there would be a deficit of from $268,000 or $491,000 a year. Commissioner Bird inquired how many square feet the School Board occupies, and Administrator Chandler answered that they occupy 20,000 square feet at present. The combined total of the old courthouse, the annex and the State Attorney's building is approximately 52,000 square.feet. Commissioner Bird explained that the racetrack funds were pledged to the golf course in order to obtain the best bond rating but there was never any intention to use any of those funds toward the golf course. Administrator Chandler confirmed that the County does not anticipate using those bond funds but they are encumbered. Director Baird pointed out that the School Board does get credit for the $20,000 they used to receive in racetrack funds. Commissioner Macht felt that because the particular deal is so bad there is no need to consider it. Commissioner Bird agreed that, on the face of it, it does not look as though we are close to making a deal. He believed we need to continue to talk with the School Board because, if it can be worked out, it would be a win-win situation. The School Board has a pretty good deal where they are now and the County needs to utilize those vacant buildings. It was his opinion that the State Attorney's building could be sold and the money used to help renovate the old courthouse building. Commissioner Macht stated that the School Board is not the only potential candidate for those buildings; he has spoken to at least one architect who believed that after renovation it would make very useful office space. Administrator Chandler reminded the Board that this was only the first meeting with the School Board and other alternatives are being considered. He expected to be able to present_a complete overview of several options in 3 to 4 weeks. Anthony Masi of 1700 Ocean Drive, a member of the Indian River Historical Society, expressed his concern over his impression that the Board was being asked to consider some action at this time. He was opposed to the School -Board using the old courthouse building FEBRUARY 27, 1996 28