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The Chairman invited public comment. <br />Attorney Barkett suggested that Policy 5.4 of Objective 5 Diversity of Development, <br />which pertains to mixed-use development of residential and commercial areas, be amended to <br />allow the developers to put in 50% commercial first, if that makes better financial sense in <br />today's economy. <br />Joseph Paladin, President Black Swan Consulting, supported Attorney Barkett's <br />suggestion, believing that it would give a developer the opportunity to obtain financing, in order <br />to move ahead with the mixed-use development. <br />Mr. Johnson felt the mixed-use development would lower property values. <br />After further discussion, the Board CONSENSUS was to retain the mixed-use policy as <br />presented. <br />Seeing no further speakers, the Chairman closed the Public Hearing. <br />Concluding his presentation, Director Keating requested Board approval to transmit the <br />EAR based amendments to DCA. He reiterated that the Amendments would be presented for <br />final approval at a public hearing in August 2010. <br />Chairman O'Bryan recapped the changes requested by the Board as follows: <br />1. Strike from RECREATION AND OPEN SPACE ELEMENT -CHAPTER 10, <br />Policy 9.5., the Quasi -Nonprofit designation of the Cultural Council of Indian <br />River County. <br />2. Replace the word "shall" in RECREATION AND OPEN SPACE ELEMENT - <br />CHAPTER 10, Policy 9.5., with the word "may". <br />22 <br />May 11, 2010 <br />