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Commissioner Adams preferred to see a lease for 20 years and Commissioner Macht <br />gave assurances that under a longer term lease, the County would have the option to <br />terminate if necessary. <br />Commissioner Ginn indicated she would favor 40 years. She pointed out that <br />Section 2 of the GYAC by-laws speaks of mortgaging and disposing of property. She <br />wanted it clear that County property cannot be encumbered. <br />Carter Hopkins, 1580 Gracewood Lane, explained that part of the ability to raise <br />funds allows contributions of cash, stock, and real estate. The clause in the by-laws pertains <br />to that type of asset (real estate). Obviously the County property could not be mortgaged by <br />the GYAC. <br />Commissioner Ginn asked that an annual audit be included in the new lease. <br />Mr. Hopkins explained that GYAC has been operating under the Progressive Civic <br />League of Gifford's "umbrella" which has been audited in the past. <br />Assistant Administrator Baird advised that all non -profits that receive County funds <br />are audited. <br />ON MOTION by Commissioner Ginn, SECONDED BY <br />Commissioner Adams, the Board unanimously directed that the <br />County Attorney's office work with Mr. Carter Hopkins on a <br />new lease for the Gifford Youth Activity Center which shall be <br />brought back to the Board for their consideration. <br />April 9, 2002 <br />44 <br />iii <br />