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ON MOTION by Commissioner O'Bryan <br />SECONDED by Vice Chairman Davis, by a 4-0 <br />vote (Commissioner Wheeler absent), the Board <br />adopted the tentative budget of $2,428,658 for the <br />Environmentally Sensitive Land Acquisition <br />Bonds fund. <br />LAND Acouis IUN BONDS — 2004 REFERENDUM <br />Administrator Baird observed that these bonds covered the outstanding <br />principal and interest on the $48,600,000 GO (General Obligation) bonds. He announced <br />the proposed Bond millage rate of 0.2863 (rollback rate does not apply), and the proposed <br />budget amount of $4,797,340. <br />The Chairman opened the floor to public comments. There were no <br />speakers and the Chairman closed the public comment. <br />ON MOTION by Vice Chairman Davis, <br />SECONDED by Commissioner O'Bryan, by a 4-0 <br />vote (Commissioner Wheeler absent), the Board <br />adopted the tentative millage rate of 0.2863 for the <br />Land Acquisition Bonds — 2004 Referendum. <br />ON MOTION by Vice Chairman Davis, <br />SECONDED by Commissioner O'Bryan, by a 4-0 <br />vote (Commissioner Wheeler absent), the Board <br />adopted the tentative budget of $4,797,340 for the <br />Land Acquisition Bonds — 2004 Referendum. <br />September 3, 2008 7 <br />Preliminary Budget <br />