11/12/1996 - Laserfiche WebLink

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After several questions from the Commissioners regarding the bidding amount, County Attorney Vitunac advised that the Board would be obligated to the minimum bid advertised. Commissioner Bird wanted to know what would be the advantage of having the contract signed in advance. Karlin Daniel advised the Board that the advantage would be that the auctioneer would be able to enter into a bilateral contract with the buyer. The issue is the urgency and certainty of the sale. Should the contract be returned to the Board for execution, the buyer would have some time in which to renege on the bid made at auction. Commissioner Macht questioned when the escrow monies would be collected, and Mr. Daniel stated that funds would be collected immediately upon signing the contract. However, at any time prior to acceptance by the seller, the buyer can back out of the contract. A cashier's check is required at the moment the buyer is declared the highest bidder. The conditions of the auction require 10% down, which goes into an escrow account. County Attorney Vitunac recommended that the Board sign the contract. ON MOTION by Commissioner Macht, SECONDED by Commissioner Eggert, the Board unanimously approved the contract with Karlin Daniel & Associates, Inc. and authorized the Chairman to execute the contracts in blank for the highest bid at or over the minimum, as recommended by staff. CONTRACT WILL BE ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD WHEN EXECUTED AND RECEIVED GENERAL COMMENTS BY COMMISSIONER BIRD Commissioner Bird thanked the Board and staff for their remembrance of his birthday and the other honors involved in his retirement from the Board. It was all very moving and meant a great deal to him. He wished new Commissioner Caroline Ginn the best of luck and added that he looked forward to remaining a part of the continuing programs. NOVEMBER 12, 1996 117 BOOK 99 PAGE 782