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BOOK i10 PAGE �P IL <br />Chairman Macht questioned whether the County would lose its $10,000 deposit <br />should the seller back out of the deal, and Deputy County Attorney Will Collins responded <br />that the deposit would be lost. <br />Chairman Macht then questioned whether there might be some remedy for the loss <br />of the deposit monies which could be included in future contracts. <br />Brian Heady stressed the need to have factual information in order to make informed <br />decisions and stated his belief that the Board was told when the proposal was presented to <br />them that the School Board had already approved this proposal, which was not true. He also <br />believed that the School Board had been told that the Board of County Commissioners had <br />approved the project prior to its being presented to them. He understood that the County had <br />no need for the complex, absent the School Board's need, and that this was a project being <br />done for the benefit of the School Board. He recommended that the Board turn down the <br />project. <br />Chairman Macht responded that the County does need the space and everyone will <br />save money by completing the project. <br />Dr. CraigMcGarvey, 615 391 Court, School Board Member butnotrepresenting the <br />School Board, asked for some clarification as to the exercise of the option. <br />Public Works Director Jim Davis explained that the option agreement is basically the <br />vehicle used to secure the land to allow time for determination of environmental suitability <br />of the property. The shared cost language in Paragraph 30, on Page 109, was drafted by the <br />School Board's attorney, Russ Peterson. We now have the Phase I audit and the consultants <br />are giving us a green light. The closing date is September 15'x, 1999 and appraisals must be <br />secured. The statement regarding the County not needing the property was taken out of <br />context. The County did not need the entire 25 -acre parcel if the School Board had not <br />joined in the project. <br />Dr. McGarvey questioned whether the language submitted by Attorney Peterson <br />would come back before his board for approval, and Director Davis explained that the <br />agreement had been before the Board of County Commissioners on February V and April <br />27`t, 1999 and that the School Board was not a party to the option agreement. <br />AUGUST 3, 1999 <br />