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11.G.3. JOINT INDIAN RIVER COUNTY/SCHOOL DISTRICT <br />FLEET MANAGEMENT COMFLEXIEUELING DEFOUBUS <br />STORAGE AND RELATED FACILITIES - LAND ACQUISITION - <br />ANNETTE R. ROBERTS, TRUSTEE - HANSEN ENGINEERS <br />(CONTINUED FROM MEETING OF MARCH 9, 1999) <br />The Board reviewed a Memorandum of March 3, 1999: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E.qCo=t <br />Public works Directo <br />SUBJECT: Joint Indian River School District of Indian River <br />County Fleet Management Complex/Fueling Depot/Bus Storage and <br />Related Facilities - Land Acquisition <br />DATE: March 3, 1999 <br />DESCRIPTION AND CONDITIONS <br />Hansen Engineers, Engineering Consultant for the Joint <br />County/School District Fleet Management Complex, has completed an <br />analysis of the possible use of existing County property along 41.4 <br />Street (South Gifford Road) for a Fleet Management facility. Due <br />to old landfill practices, the County property is not suitable for <br />a joint Fleet Management Complex. The consultant, under the <br />contract Scope of Work, must analyze two additional sites if <br />necessary. An existing approx. 25 acre site zoned industrial is <br />for sale one-quarter of a mile west of the County Road and Bridge <br />Division property south of 41" Street. The property is listed at <br />$430,000 or approx. $17,200/acre. It meets the size, shape, and <br />location requirements of the School District and County. The <br />School District Board, on Feb. 23, 1999, approved proceeding with <br />the purchase of this property. <br />County staff has prepared an option agreement to reserve the <br />property while certain site suitability studies are conducted. The <br />option agreement includes: <br />1) An option payment of $10,000 by the County. This will give <br />the County until June 30, 1999 to study the property for site <br />suitability. <br />2) Purchase price of $366,900 or approximately $14,676/acre. <br />This price must be substantiated by an appraisal. <br />3) Allow County and School District to perform Environmental Site <br />Assessments. <br />4) Seller must survey property and resolve any title defects. <br />Seller must provide title insurance commitment. <br />5) Closing shall be on or before July 31, 1999, unless extended. <br />6) Other applicable standard conditions. <br />MARCH 16, 1999 <br />1-1 <br />-93- BOOK lu 3 NAGE 708 <br />