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COMMISSIONER Loy INQUIRED OF THE HOSPITAL BOARD IF THEIR <br />ADVISORS ADVISED THAT THEY COULD GET 3.75 MILLS OVER THE YEARS AND <br />MR. SORENSEN ANSWERED THAT IT WAS THE BOARDS IDEA. <br />COMMISSIONER LOY ASKED, "DO MILLS MATTER -OR DOLLARS". AND <br />MR. SORENSEN ANSWERED. `DOLLARS". THE CHAIRMAN STATED THAT IT DOES <br />MATTER WHEN YOU HAVE A 10 MILL CAP. <br />COMMISSIONER Loy INFORMED THE BOARD THAT SHE MIGHT BE WILLING <br />TO GIVE THE HOSPITAL ANY EXCESS FUNDS FROM FEDERAL REVENUE SHARING <br />PROGRAM. <br />THE CHAIRMAN INFORMED THE HOSPITAL TRUSTEES THAT BECAUSE <br />OF A RECENT STATE REQUIREMENT IT WILL BE NECESSARY FOR THE COUNTY TO <br />BORROW $170.000.00 TO PAY FOR A REASSESSMENT OF ALL PROPERTY IN INDIAN <br />RIVER COUNTY. HE ALSO FELT THAT, IN EFFECT, GIVING THESE EXCESS REVENUE <br />SHARING FUNDS TO THE HOSPITAL WOULD BE TANTAMOUNT TO BORROWING MONEY FOR <br />THE HOSPITAL. <br />COMMISSIONER MASSEY INDICATED THAT HE DID NO; SEE HOW WE COULD <br />MAKE ANY DECISION NOW, BUT HE WOULD BE IN FAVOR OF PUTTING THE HOSPITAL <br />HIGH ON A PRIORITY LIST. <br />MR. .JACKSON INDICATED THAT THE,HOSPITAL TRUSTEES WERE <br />CONCERNED MORE ABOUT THE WILLINGNESS OF THE BOARD OF COUNTY COMMISSIONERS <br />TO HELP RATHER THAN A DEFINITE COMMITMENT. <br />COMMISSIONER Loy STATED THAT SHE FELT THE WORST THAT COULD <br />HAPPEN WOULD BE TO TEMPORARILY SETBACK THE BUILDING PROGRAM; AND <br />SHE COULD NOT SEE HOW THIS WOULD EFFECT THE OVERALL PROGRAM. <br />MR. SORENSEN REPLIED THAT THE HOSPITAL TRUSTEES ARE TRYING <br />TO DO THIS IN A SOUND FISCAL MANNER AT THE LEAST COST TO THE TAXPAYERS] <br />AND TO AVOID FUTURE FISCAL PROBLEMS, <br />THE CHAIRMAN ASKED MEMBERS OF THE BOARD IF THEY WERE WILLING <br />TO GIVE $75,000.00 OF FUNDS ALLOCATED FOR PARK ACQUISITION AND COMMISSIONER <br />Loy STATED SHE WAS •NOT. <br />THE CHAIRMAN THEN ASKED MEMBERS OF THE BOARD IF THEY WOULD <br />BE WILLING TO GIVE THE HOSPITAL $160,000.00 IN FUNDS FROM THE FEDERAL <br />REVENUE SHARING PROGRAM PROVIDED IT MET WITH ALL LEGAL REQUIREMENTS, <br />COMMISSIONER MASSEY AGAIN INDICATED THAT HE WOULD NOT BE WILLING <br />TO GIVE ANYTHING NOW, BUT WOULD STILL PUT THE HOSPITAL ON A PRIORITY <br />LIST FOR AVAILABLE FUNDS. <br />ROO 15 487 <br />T 2 1972 <br />�l <br />