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consideration. The Board had also directed staff to delay the scheduled February 16 drawings on two letters of credit, until after the February 17, 2009 Board meeting. Staff, therefore, now requests that the Board open and conduct a public hearing to consider and approve the proposed emergency ordinance amendments, if necessary, to allow annual sidewalk security reductions, and to allow deferral of sidewalk construction until certain criteria are met. The Chairman opened the Public Hearing. Bill Beardsley, 621 Tomahawk Trail, Indian River Shores, speaking on behalf of the Indian River Neighborhood Association (IRNA), said the IRNA supports the emergency ordinance that provides for reduction of the maintenance security at the end of one year of a three-year warranty period. However, they questioned Section 1 (913.09)(5)(b)2c, that states, the developer and the County may agree to defer both sidewalk construction and the posting of security for future sidewalk construction if the certain criteria are met. He had the following questions for staff: (1) What is a functional sidewalk system; (2) what does a timely manner mean; and (3) should there not be notification to existing residents who bought in to the subdivision thinking that these would be completed by a certain time. Mr. Beardsley said the tightening of the language would get their support for the emergency ordinance. Attorney Collins and Director Boling provided answers to all of Mr. Beardsley's questions. Joseph Paladin, President of Black Swan Consulting, referring to the functional sidewalk system, asked whether one could call it a sufficient sidewalk system if a plan that calls for sidewalks on both sides of the street, had only one completed system on one side of the street. February 17, 2009 5