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MAY 191982 <br />agreement, upon approval of the Board of County <br />Commissioners; and if that recommendation is not received <br />and approved by the Board within 30 days of the signing of <br />this franchise agreement, the insurance coverages will <br />revert to the 250,000/500,000/3,000,000 as shown in the <br />proposed franchise agreement; and that the Board approve the <br />elimination of Paragraph C and the requirement of the <br />$50,000 performance bond. <br />The Chairman called for the question. It was voted on <br />and carried unanimously. <br />V <br />Discussion followed regarding amending Section 20, <br />which concerned a report of the operations and gross <br />revenues. <br />On Motion made by Commissioner Wodtke, seconded by <br />Commissioner Lyons, the Board unanimously approved amending <br />Section 20 to reflect that the franchisee shall submit, on <br />an annual basis, an operating statement relating only to <br />Indian River County operations, and that the statement shall <br />be certified by a financial officer of the licensee. <br />Attorney Jackson stated that it bothered his client why <br />a company would pay a lot of money to buy a failing company. <br />He felt there should be maximum and minimum rates set for <br />residential and commercial garbage collection. <br />Commissioner Bird felt it might be a problem to start <br />establishing fixed rates. <br />Attorney Brandenburg stated that he would not recommend <br />the Board establishing a minimum rate. <br />Lengthy discussion ensued. <br />Attorney Steven Bergerson, representing Waste <br />Management, disagreed as he felt by setting a rate for the <br />commercial there would be -no incentive whatsoever; the <br />competition would be eliminated. He added that the way the <br />franchise <br />had been written, the County would <br />have <br />the <br />right <br />to hold a <br />hearing at any time that it did not <br />like <br />the <br />way <br />