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THAT THE COST WILL BE MINIMAL. HE CONTINUED THAT RIGHT NOW THEY WOULD RECOMMEND REJECTION OF THE SMITH BARNEY PROPOSAL, COMMISSIONER SCURLOCK ASKED IF WE HAVE A CONTRACTUAL AGREE- MENT WITH SMITH BARNEY AND IF WE HAVE INCURRED COSTS, ATTORNEY COLLINS EXPLAINED THAT THE COUNTY PASSED A RESOLUTION INDICATING THEY WOULD WORK WITH SMITH BARNEY. THEY SUBSEQUENTLY WITHIN THE LAST MONTH AND A HALF PRESENTED A PROPOSAL, THAT PROPOSAL WAS PASSED BY THE -COMMISSION SUBJECT TO DELETION OF THE TRUSTEE REQUIREMENT. WE MET WITH SMITH BARNEY AND THEY DID NOT AGREE WITH THE DELETION. AT THE LAST MEETING, IT WAS RECOMMENDED THAT THE BOARD RESCIND THEIR APPROVAL OF THE PROPOSAL. THE ATTORNEY FELT THE ONLY COMMITMENT WE HAVE WITH SMITH BARNEY IS THAT WE GIVE THEM AN OPPORTUNITY TO BID IF WE ISSUE BANS. COORDINATOR THOMAS REPORTED THAT HE DID DISCUSS THIS SITUATION IN DETAIL WITH FINANCE OFFICER BARTON, AND HE CONCURS WITH THE ATTORNEY AND THE COORDINATOR. HE THEN DISCUSSED THE FMHA REQUIREMENTS AND THE DIVIDING OF CONTRACTS, WHICH HE NOTED GAVE US AN ENTIRELY DIFFERENT POSITION IN THE MARKET. ATTORNEY COLLINS REPORTED THAT THERE ARE SOME EXPENSES INCURRED, PRIMARILY FOR BOND COUNSEL. HE STATED THEY ARE JUST SAYING THAT THIS PROPOSAL DOESN'T LOOK RIGHT AND THERE ARE OTHER ALTERNATIVES. ON MOTION BY COMMISSIONER SCURLOCK, SECONDED BY COMMISSIONER FLETCHER, THE BOARD UNANIMOUSLY AUTHORIZED THE ADMINISTRATOR TO CONTACT HOUGH & COMPANY AND HAVE THEM COME BACK WITH ANOTHER PROPOSAL AS DISCUSSED. CHAIRMAN LYONS RECESSED THE MEETING AT 4:35 O'CLOCK P.M. FOR THE PURPOSE OF INSPECTING THE COURTROOMS AND OFFICES ON THE SECOND FLOOR OF THE COURTHOUSE. INSPECTION OF COURTROOMS AND COURT OFFICES - CHANGE PROPOSAL #16B THE BOARD OF COUNTY COMMISSIONERS RECONVENED AT 4:45 O'CLOCK P.M. ON THE SECOND FLOOR OF THE INDIAN RIVER COUNTY COURTHOUSE, 2145 14TH AVENUE, VERO BEACH, FLORIDA, WITH THE SAME MEMBERS PRESENT. Nov 191980 79