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r Boa 98 rt,[ 237 DISCUSSION School Board Member Mayfield commented on Commissioner Bird's estimates of value ($1.75 million = value of the old courthouse, annex and State's Attorney building) versus the School Board's estimates of value ($4 million = value of lease over the remaining period) which leaves a $2.25 million difference. Chairman Adams countered that Mr. Mayfield was basing the lease value on future worth and Commissioner Bird's estimate was current value. She believed that, in about 4 years, the values would be equal. Mr. Mayfield understood her point, but responded that it would also cost the School Board an additional $3.2 million to build. Chairman Adams understood. She also could feel their resistance to the buildings and suggested they "cut to the chase". Mr. Mayfield agreed, but contended that he would like to see the deal worked out for the sake of the community, and his desire to see the old courthouse revitalized. Chairman Adams emphasized that she also wanted to see it worked out if that was what the School Board really wanted to do. She did not want the County to be at a disadvantage; the County had other alternatives and was letting the School Board have the first opportunity. She felt enough discussion has gone before and, at this point, she was anxious to learn if the School Board did or did not want the deal that was offered. At the urging of Mr. Mayfield, Dr. Dearing explained the School Board's counter-offer which involved the "race track" money or the value of it. He emphasized there was more cost attached to renovating the buildings than replicating the space they presently occupy. He pointed out the anticipated growth of the School District, the shortage of classrooms, the lack of funds for administrative space, and current millage rate. He suggested that, if the County really wanted/needed the School Administration Building, they go back to the original lease and reconsider the "race track" funds. They could not build with only half of the "race track" funds, but they do have a lease worth $4 million to them. School Board Member Lindsey advised that they could live with what they have now and hope -their finances will improve during the remaining years of the lease. He recounted a conversation with Dr. Dearing about finances where he said if the County could not come up with a better offer, things would have to remain the same, because he had no idea where they could come up with $5 million. He suggested that either the County or the School Board would have 14 May 30, 1996