10/4/1978 - Laserfiche WebLink

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COMMISSIONER SIEBERT STATED THAT HE WOULD LIKE TO GAMBLE A LITTLE BIT AND REDUCE THE MILLAGE FROM 3/4 OF A MILL TO 1/4 OF A MILL WITH THE FULL KNOWLEDGE THAT IF OTHER SOURCES OF FUNDING DON'T COME THROUGH, IT WILL BE TAKEN ON AS A USER'S COST AND INTEREST WILL HAVE TO BE PAID. COMMISSIONER SCHMUCKER STATED THAT THE ONLY REASON HE DOESN'T LIKE THAT PSYCHOLOGY IS THAT THE SMALL TAX ORIGINALLY PROPOSED IS MINOR IN COMPARISON TO WHAT THE COSTS WILL BE. RALPH ENG, ENGINEER, NOTED THAT IF YOU LOWER THE MILLAGE TO RAISE ONLY $15,000 OR $20,000, THEN YOU HAVE TO OBTAIN FHA FINANCING FOR THE REST OF IT, AND YOU HAVE TO BE SURE THAT ONCE YOU COMPLETE YOUR PLAN, YOU CAN PROCEED TO THE NEXT STEP; OTHERWISE, FHA WON'T GIVE YOU THE MONEY. MR. ENG DID NOT FEEL THE COUNTY HAS ANY ALTERNATIVE BUT TO PROCEED, COMMISSIONER LOY ASKED IF HIS INDICATION FROM FHA IS THAT THIS NEW PROGRAM IS ABOUT AS ASSURED AS IT CAN BE WITHOUT BEING STAMPED ON THE APPLICATION. MR. ENG STATED THAT THE PROGRAM WILL BE ON A FIRST COME, FIRST SERVED BASIS SO THE APPLICATION SHOULD BE SUBMITTED AS SOON AS POSSIBLE. MOTION WAS' MADE BY COMMISSIONER SIEBERT TO RESCIND RESOLUTION 78-69 ESTABLISHING A LEVY OF .75 OF A MILL FOR THE SOUTH INDIAN RIVER COUNTY MATER MUNICIPAL SERVICE TAXING UNIT. COMMISSIONER SCHMUCKER FELT THAT•IT WOULD BE VERY BAD ECONOMICS AND WOULD COST MORE IN THE LONG RUN. THE MOTION DIED FOR LACK OF A SECOND. COMMISSIONER SIEBERT FELT THIS WOULD DISTRIBUTE THE BURDEN TO THE PEOPLE WHO ARE ACTUALLY GOING TO BENEFIT FROM THE PROGRAM INITIALLY AND WHO ARE GOING TO BE PAYING FOR IT IN THEIR RATE STRUCTURE AND THAT IS WHY HE MADE THE MOTION. COMMISSIONER LOY AGREED WITH COMMISSIONER SCHMUCKER AND ALSO FELT IF WE GO WITH THE REDUCTION OF THE MILLAGE, IT PROBABLY WILL CALL FOR A SECOND OR THIRD YEAR OF TAXATION. SHE CONTINUED THAT BASED ON THE RESPONSE FROM THE PEOPLE IN THAT AREA AND THE NEW INFORMATION THAT 100 OCT 41978 PAS 'i