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The Attorney continued that the County was not pledging any <br />tax money; the Board would be pledging the good name of Indian <br />River County. <br />Motion was made by Commissioner Wodtke, seconded by <br />Commissioner Bird, that the Board adopt Resolution 82-48 <br />authorizing the execution and delivery by the Board of a <br />Letter of Intent and Inducement Agreement to General Development <br />Utilities, Inc., with respect to the issuance of Revenue Bonds <br />to finance said company's industrial facilities for the <br />furnishing of sewerage services. <br />William Koolage, interested citizen, inquired if the <br />Finance Advisory Committee looked at this project. <br />Chairman Scurlock advised that they would be having <br />their first meeting next Thursday. <br />Mr. Koolage felt this was one project that the Finance <br />Advisory Committee should study and advise the Board. He <br />wondered if this could be delayed until they met. <br />Chairman Scurlock stated that he had looked at it, as <br />well as the others on the existing committee, namely, Mr. <br />Barton and Mr. Thomas. He felt a delay would be unreasonable. <br />.In the future, the'Chairman continued, this would be the type <br />of thing the Finance Advisory Committee would study. <br />Commissioner Lyons interjected that he would not like <br />to see it delayed. <br />The spokesman from General Development Utilities, Inc. <br />commented that he would like to see the Board take some action <br />on the matter. <br />The Chairman called for the question. It was voted on <br />and carried with a vote of 4 to 1, with Commissioner Fletcher <br />voting in opposition. <br />MAY 5 1982 41 BQDN 49 PASE 525 <br />