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Commissioner O'Bryan voiced concern over the concept of putting the profits back into <br />the facility, committing additional dollars, and the negotiation of a new 5 -year agreement in lieu <br />of signing the existing lease. He believed the room renovations should go out to bid, and the <br />liquidated damages provision should remain. <br />Attorney Polackwich explained what the liability of Verotown, LLC would be, if the <br />lease is breached. <br />Administrator Baird acknowledged that staff had reviewed their financials, wanted this <br />brought forward for discussion so he would know what the Board wants to do, and emphasized <br />that the liquidated damages provision is the deal breaker to the renewal. <br />MOTION WAS MADE by Vice Chairman Davis, <br />SECONDED by Commissioner Solari, to remove the <br />liquidated damages provision in the next five-year term. <br />Attorney Polackwich explained the language in the lease pertaining to the County's <br />remedy of liquidated damages. <br />The Chairman CALLED THE QUESTION, and by a 4-1 <br />vote (Commissioner O'Bryan opposed), the Motion <br />carried. <br />Discussion ensued regarding the insurance on the facility and having the funds come <br />from the General Fund. <br />MOTION WAS MADE by Vice Chairman Davis, <br />SECONDED by Commissioner Zorc, to have the County <br />pay for property insurance on the Vero Beach Sports <br />Village facility. <br />March 5;2013 18 <br />OK 143 PG 574 <br />