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• • <br />once complete, will provide water service and fire protection to approximately 1,380 homes and <br />vacant lots. <br />Indian River County recently acquired property west of the intersection of Genesee Street and <br />Starboard Street from Robert Denton, Jr The contractor Tri -Sure Corporation, has requested <br />leasing the property for $500.00 per month. A Rental Agreement is attached for your approval. <br />The acquisition of the property by the County was for improvements associated with the County <br />Road 512, four -lane improvements These improvements will not be constructed until, at the <br />earliest, August 2003. Tri -Sure Corporation is expecting the water improvements project to be <br />completed by the end of July 2003. <br />ALTERNATIVES AND ANALYSIS <br />Alternative No. 1 — Approve Rental Agreement and accept monthly payment for lease of property. <br />Alternative No. 2 — Do not accept Rental Agreement. <br />RECOMMENDATIONS <br />Staff recommends approval of Alternative No. 1 whereby Tri -Sure Corporation will pay Indian River <br />County $500.00 monthly for lease of property. <br />ATTACELMENTS <br />1. Rental Agreement from Tri -Sure Corporation <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Ginn, the Board unanimously approved Rental <br />Agreement with Tri -Sure Corporation at $500 monthly for lease <br />of property, as recommended in the memorandum. <br />September 17, 2002 <br />AGREEMENT IS ON FILE <br />IN THE OFFICE OF THE CLERK THE BOARD <br />25 <br />