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AWARD OF $5,000,000 BEACH ACQUISITION BONDS (Continued) <br />Finance Director Barton and Financial Consultant Blackwell <br />reported that they have checked the calculations on all the Bids <br />submitted, and there was only one minor adjustment in the bid of <br />Smith Barney. <br />Discussion continued regarding a statement about insurance, <br />and Mr. Blackwell noted that the customary practice is not to <br />mention insurance unless there is any. He suggested that the <br />provision authorizing printing of an insurance statement, be <br />deleted from the title of the Resolution and also that Section 5 <br />on Page 3 of the Resolution regarding insurance be deleted. <br />ON MOTION MADE by Commissioner Scurlock, SECONDED <br />by Commissioner Bowman, Commissioner Lyons being <br />absent, the Board by a 4 to 0 vote unanimously <br />adopted Resolution 83-28 fixing the interest rates <br />and awarding the Beach Acquisition Bond issue to <br />the best bidder, Smith, Barney, Upham in the amount <br />of $4,970,017.60, deleting reference to insurance <br />from the Title of said Resolution and deleting <br />Section 5, Page 3. <br />47 <br />aa�c <br />3 AGE `�5 <br />