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8.EE. ACQUISITION OF RIGHT-OF-WAY ALONG 66THAVE <br />Assistant County Attorney William DeBraal pointed out that the Attorney's fee on <br />Page 4, Section 9.1.5. of the Agreement to Purchase and Sell Real Estate with Ira J. Jr. and Virginia <br />Bingham should reflect a reduction from 7.5% of the purchase price to 5.75% of the purchase <br />price, bringing the revised fees to $4,784.00, a decrease of $1,456.00. <br />ON MOTION by Commissioner O'Bryan, SECONDED by <br />Commissioner Flescher, the Board by a 3-0 vote (Chairman <br />Bowden and Commissioner Wheeler absent) approved: <br />(1) the Agreement to Purchase and Sell Real Estate with Ira <br />J. Jr. and Virginia Bingham; and (2) the reduction in <br />attorney's fees. <br />AGREEMENT ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />9. CONSTITUTIONAL OFFICERS AND GOVERNMENTAL <br />AGENCIES <br />9.A. ESTABLISH OTHER POST EMPLOYMENT BENEFITS TRUST (OPEB <br />TRUST) AND AUTHORIZE INITIAL CONTRIBUTION <br />Finance Director Diane Bernardo presented the newly established Other Post <br />Employment Benefits (OPEB) Trust, which was previously reviewed in the July 15, 2008 Board of <br />County Commission Meeting. She urged the Board to approve the Resolution establishing the <br />irrevocable trust for OPEB benefits (for eligible retirees), and the initial contribution of <br />$2,626,254, which will be invested in Treasuries. Since this will be a short term investment, it will <br />be invested in accordance with the newly drafted investment policy. <br />25 <br />September 23, 2008 <br />