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BOOK 108 PAGE 35- <br />7.H. MAIN LIBRARY COPIExy - FRIENDS OF THE LIBRARY LEASE <br />AGREEMENT WITH COMMERCIAL EQUIPMENT LEASING - TRANSFER TO <br />COUNTY <br />The Board reviewed a Memorandum of February 10, 1999: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: February 10, 1999 <br />SUBJECT: CHANGE IN NAME ON LEASE AGREEMENT FOR COPIERS AT THE <br />MAIN LIBRARY - CONSENT AGENDA <br />FROM: Joseph A. Bair <br />OMB Director (� <br />DESCRIPTION AND CONDITIONS <br />In the past, the Friends of the Library has leased five (5) copiers for the Main Library in the Friends <br />name. Recently the Department of Revenue has issued a ruling that the leases would no longer be <br />tax-exempt unless they were in the County's name and paid for by the County. <br />This Wiling has required us to put the leases in Indian River County's name and make the payment. <br />The Friends of the Library will receive the revenue from the copiers and will donate the amount of <br />the lease payment to the Board of County Commissioners. The document in front of the Board of <br />County Commissioners today is to change the lease name on the copiers from the Friends of the <br />Library to Indian River County. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the Chairman to sign all <br />documents to change the lease for the copiers at the Man Library from the Friends of the Library to <br />Indian River County. <br />ON MOTION by Commissioner Stanbridge, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously approved the transfer from Friends of <br />Vero Beach Public Library to the County of the <br />Transfer and Assumption Agreement with <br />Commercial Equipment Leasing for the copiers <br />located at the Main Library, as recommended by <br />staff. <br />LEASE DOCUMENTS ARE ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />FEBRUARY 16, 1999 <br />