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C <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Stanbridge, the <br />Board, by a 4-0 vote (Commissioner Ginn being <br />absent) authorized the Management and Budget <br />Director to do the necessary budget amendments for <br />balancing the budget for the 1998-99 fiscal year. <br />11.G. INDIAN RIVER COUNTY/SCHOOL DISTRICT JOINT <br />FLEET MANAGEMENT COMPLEX - EXERCISE OF <br />OPTION TO PURCHASE LAND (ANNETTE ROBERTS, <br />TRUSTEE) <br />The Board reviewed a Memorandum of July 28, 1999: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E. <br />Public Works Directo Zle <br />SUBJECT: Joint County/School District Fleet Maintenance Complex - Land <br />Acquisition - Exercise of Option to Purchase <br />DATE: July 28, 1999 <br />DESCRIPTION AND CONDITIONS <br />On July 13, 1999, the County executed an Option Agreement to <br />purchase an approximate 25 acre site on South Gifford Road on which <br />a joint County/School District Fleet Management complex is proposed <br />to be constructed. Since that date, the County's <br />Architectural/Engineering/Planning Consultant has completed a Phase <br />I Environmental audit of the property which reveals that the site <br />is environmentally clean and adequate for siting the facility. A <br />copy of the study was sent to Greg Smith, Facility Director of the <br />School District, on July 7, 1999 for review. Greg has reviewed the <br />study and has no objection. Prior to August 4, 1999, the County <br />must exercise the option or forfeit the $10,000 option fee. <br />RECOMMENDATIONS AND FUNDING <br />Staff recommends exercising the option and proceed with obtaining <br />two appraisals for the property, as required by the School <br />District. A closing would be scheduled in Sept. 1999. Funding to <br />be from Local Option Sales Tax Revenue and School District funding. <br />AUGUST 3, 1999 <br />-53- <br />600K PAGE c9 <br />• <br />