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RING POWER CORPORATION, .JACKSONVILLE, FLORIDA <br />TRACK TYPE TRACTOR WITH ANGLING BULLDOZER <br />CATERPILLAR MODEL D6C $44,905.00 <br />TRACK TYPE LOADER WITH MULTI-PURPOSE BUCKET <br />CATERPILLAR MODEL 977 $54,500.00 <br />LESS TRADE IN 4,750.00 <br />TOTAL NET PRICE 49,$00.00 <br />.JOSEPH L. ROZIER MACHINERY COMPANY, TAMPA, FLORIDA <br />TRACK TYPE TRACTOR WITH ANGLING BULLDOZER <br />CATERPILLAR MODEL D6C $44350.00 <br />TRACK TYPE LOADER WITH MULTI-PURPOSE BUCKET <br />CATERPILLAR MODEL 977L $54,715.00 <br />LESS TRADE-IN ,250.00 <br />TOTAL NET PRICE $49,465.00 <br />ON MOTION BY COMMISSIONER MCCULLERS, SECONDED BY COMMISSIONER <br />MASSEY, THE BOARD UNANIMOUSLY APPROVED THE ABOVE BIDS BEING REFERRED <br />TO THE ADMINISTRATOR FOR EVALUATION. <br />THE ADMINISTRATOR ADVISED THE BOARD OF A SERIOUS DRAINAGE <br />PROBLEM EXISTING BETWEEN OLD DIXIE HIGHWAY AND THE FLORIDA EAST <br />COAST RAILROAD, SOUTH OF 12TH STREET. THE ADMINISTRATOR SUGGESTED <br />TO THE BOARD THAT A FORM LETTER BE SENT TO EACH PROPERTY OWNER IN <br />THIS AREA INDICATING THAT A GENERAL DISCUSSION MEETING WILL BE <br />SCHEDULED FOR THE PURPOSE OF DISCUSSING THE DRAINAGE PROBLEM WHICH <br />IS BECOMING MORE AND MORE AGRRAVATED EACH YEAR. MEMBERS OF THE <br />INDIAN RIVER FARMS DRAINAGE DISTRICT AND THE COUNTY'S CONSULTING <br />ENGINEERS, DR. DAVID SMITH AND .JAMES L. BEINDORF WILL ALSO BE INVITED <br />TO THIS MEETING. THE BOARD AUTHORIZED THE -ADMINISTRATOR TO SCHEDULE <br />A GENERAL DISCUSSION MEETING AND TO CONTACT THE PROPERTY OWNERS <br />INVOLVED. <br />RALPH HEASLEY, REPRESENTATIVE OF STANDARD LIFE & ACCIDENT <br />INSURANCE COMPANY APPEARED BEFORE THE BOARD REQUESTING AUTHORIZATION <br />TO CONTINUE TO SPEAK WITH EMPLOYEES OF INDIAN RIVER COUNTY REGARDING <br />A TAX SHELTERED ANNUITY PROGRAM. AT THIS.TIME, THE UNITED STATES <br />TREASURY DEPARTMENT IS REVIEWING THIS PROGRAM AND_MAY CHANGE ITS <br />REGULATIONS GOVERNING THE TAXABILITY OF CONTRIBUTIONS MADE TO THIS <br />PROGRAM. IT WAS THE BOARD'S DECISION THAT UNTIL THERE IS A CLEAR, <br />DEFINITE DECISION MADE BY THE UNITED STATES TREASURY -DEPARTMENT <br />REGARDING TAX SHELTERED ANNUITY'S, THAT THIS PROGRAM NOT BE PRESENTED <br />TO THE EMPLOYEES OF INDIAN RIVER COUNTY. <br />-6- <br />JUL 2 0 I'm <br />