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FEB 2 1983 <br />Commissioner Fletcher asked Attorney Brandenburg if he <br />was in conflict of interest re this matter as he had been <br />contracted to move Mr. Shock's house. Attorney Brandenburg <br />assured him he was not. It was explained that the cash bond <br />deposit was for the purpose of assuring that the house in <br />question will be brought up to Code. <br />After further discussion, it was agreed that a uniform <br />policy should be developed. <br />MOTION WAS MADE by Commissioner Scurlock, <br />SECONDED by Commissioner Wodtke, to direct <br />staff to come up with a recommendation of a <br />uniform policy for investment or deposit of <br />cash bonds and report back to the Board. <br />The Board continued to discuss in-house costs, and <br />Finance Director Barton reported that there are about 25 <br />performance bonds posted at the present time. <br />Chairman Bird believed there should be two Motions - <br />one.to deal with the long-range problem, and one to deal <br />with Mr. Shock's immediate problem. <br />THE CHAIRMAN CALLED FOR THE QUESTION. <br />It was voted on and carried unanimously. <br />ON MOTION by Commissioner Scurlock,. <br />Seconded by Commissioner Wodtke, the Board <br />unanimously approved the Finance Director's <br />action in setting up a passbook account at <br />current rate of interest for the deposit of <br />Mr. Shock's $3,500 cash bond; -the interest <br />to be payable to Mr. Shock. <br />6 <br />