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<br /> <br />Boling’s staff contracted with a law firm to structure a mechanism that would allow the County to <br />advance the SR60 projects and recover interest costs involved with advancing the construction. He <br />continued the presentation explaining in detail how an interest reimbursement fee to developers of <br />projects would generate sufficient revenue to recover the interest costs. <br /> <br />Commissioner O’Bryan inquired how this would be changed via an Ordinance or Comprehensive <br />Land Use Plan, and he was concerned how long it would take to make it effective. <br /> <br />Director Boling responded that it would be done as a County-wide Ordinance. <br /> <br />Discussion continued and Administrator Baird responded to Commissioner Bowden’s concerns <br />regarding the estimated funding and projected deficits. <br /> <br />Commissioner Wheeler expressed his concern as to where the 67 million dollars would come <br />from and what the timeframe would be as to when the County would be paid back. <br /> <br />Administrator Baird wanted permission to move ahead. <br /> <br />Commissioner Wheeler asked if there was any public input. <br /> <br />Renee Renzi, <br /> 340 Waverly Place, felt the County is moving too quickly on development. She <br />mentioned that development should be closed-down on certain areas of SR60 because of concurrency <br />requirements. <br /> <br />Administrator Baird commented that this was a safety-issue concern because as the community <br />grows the road will become more and more overcrowded. He explained how improvements such as <br />traffic lights and turn-lanes would make it safer. He added, concurrency is future planning and it was <br />never meant to close-down construction. <br /> November 21, 2006 <br />19 <br /> <br />