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THURSDAY, OCTOBER 20, 1977 THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, MET IN SPECIAL SESSION AT THE COURTHOUSE, VERO BEACH, FLORIDA, ON THURSDAY, OCTOBER 20, 1977, AT 1:00 O'CLOCK P.M. PRESENT WERE WILLIAM C. WODTKE, JR., CHAIRMAN; ALMA LEE Loy, VICE CHAIRMAN; EDWIN S. SCHMUCKER; AND R. DON DEESON. ABSENT WAS WILLARD W. SIEBERT, JR. ALSO PRESENT WERE JACK G. JENNINGS, C07JNTY ADMINISTRATOR; GEORGE G. COLLINS, JR., ATTORNEY TO THE BOARD OF COUNTY COMMISSIONERS; AND VIRGINIA HARGREAVES, DEPUTY CLERK, THE CHAIRMAN CALLED THE MEETING TO ORDER, AND STATED THAT THIS MEETING IS BEING HELD TO TAKE UP ITEMS CARRIED OVER FROM YESTER- DAY'S MEETING. ATTORNEY COLLINS DISCUSSED THE PROPOSED CONTRACT TO PUR- CHASE URBAN "iEVELOPMENT UTILITIES. HE INFORMED THE BOARD THAT HE HAS HAD A CONFERENCE WITH LEON YOUNG, MANAGER OF UDU,WHO IS GOING • TO REVIEW THE CONTRACT WITH UDU BOARD MEMBERS AND ALSO HAS ORDERED TITLE SEARCHES ON THE REAL ESTATE FOR EXACT DESCRIPTIONS. ATTORNEY COLLINS CONTINUED THAT MR. YOUNG IS PREPARING COPIES OF ALL THE UDU CUSTOMERS WHO HAVE DEPOSITS WITH UDU AND 9 LIST OF OUTSTANDING CREDITORS. HE FELT WHEN ALL THIS IS GATHERED TOGETHER, AND IF UDU IS SATISFIED WITH THE DRAFT, THE CONTRACT CAN THEN BE EXECUTED. HE ASKED THAT THE BOARD AUTHORIZE THE CHAIRMAN TO SIGN THE PROPOSED CONTRACT SOMETIME WITHIN THE NEXT TWO WEEKS SO WE CAN PROCEED, CHAIRMAN WODTKE ASKED IF THE ASSETS THE COUNTY IS PURCHAS- ING FROM UDU WOULD INCLUDE THEIR BANK ACCOUNT, AND ATTORNEY COLLINS STATED THAT THE INTENTION IS TO PURCHASE EVERY ASSET UDU OWNS. ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY AUTHORIZED THE CHAIRMAN TO EXECUTE THE CONTRACT TO PURCHASE URBAN DEVELOPMENT UTILITIES AS SOON AS THE ATTORNEY IS SATISFIED WITH THE DOCUMENT, WITH THE UNDERSTANDING THAT WE ARE PURCHASING EVERY ASSET UDU HAS. QCT 01977 f. B0 31 pwa_356 .