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Mr. Livingood then discussed consolidating the upcoming <br />financing for the South Beach water system, which will have <br />to be raised in the public markets, and emphasized that from <br />a financial standpoint the restructuring and consolidation <br />was an imperative because of the complexities involved <br />between working with the FmHA financing and the proposed <br />public market financing. He felt the administrative savings <br />recommended by the auditors were merely a kind of spin-off <br />benefit. <br />ON MOTION by Commissioner Lyons, SECONDED <br />by Commissioner Bird, the Board by a 4 to 1 <br />vote, Commissioner Fletcher voting in oppo- <br />sition, adopted Resolution 82-61 combining <br />all water and/or sewer systems of Indian <br />River County into one integrated system. <br />J U L 71982° 50� <br />55 <br />