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M <br />Commissioner Bird recalled that we still urgently need <br />to fill the vacancies on the Housing Authority Board. <br />Chairman Scurlock was reluctant to make a recommendation <br />because the last time the Governor made the selection. <br />T. Beach Restoration and Preservation Committee & Marine <br />Island Committee <br />Liz Forlani, Administrative Secretary to the Board of <br />County Commissioners stated that members of these committees <br />serve at the discretion of the Board. <br />Commissioner Wodtke felt that the Beach Restoration and <br />Preservation Committee would be very active in the coming <br />year as there is some funding of $65,000, not the <br />anticipated $130,000, but there is going to be some need for <br />some local input and decision making. <br />FINANCE ADVISORY COMMITTEE REPORT <br />Chairman Scurlock reported that a letter was received <br />from Arch W. Roberts & Co./The Leedy Corporation in <br />reference to the two existing bond issues for the renovation <br />of the administrative building and the courthouse. It seems <br />that after -authorization was given -on November 30, 1983 to <br />proceed with the preparation for"marketing the issue, the <br />interest rates have not been within the constraints of <br />Ordinance 80-10. The bond managing underwriters have <br />advised that they could not refinance the bonds with the <br />County's maximum of 9.5% interest rate, and a 5 percent <br />discount rate. The Finance Advisory Committee will be <br />meeting next week to consider all alternatives, and will <br />return with a recommendation. <br />47 N, 0#1 55 p'AUI %V <br />