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The Vice Chairman opened the public hearing on the Beach <br />Acquisition General Obligation Bonds. <br />OMB Director Barton explained that this is the third year of <br />a five year issue and there is no rollback provision because it <br />is a voted debt levy. The proposed millage is 0.39679, and the <br />proposed budget is $1,367,926. <br />The Vice Chairman asked if anyone present wished to be heard <br />or present any objections. There being none, he thereupon <br />declared the hearing closed. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Bowman, the Board unanimously (4-0) <br />adopted Resolution 85-96 establishing a millage <br />rate of 0.39679 for the Beach Acquisition General <br />Obligation Bonds for fiscal year 1985-86. <br />RESOLUTION NO. 85-96 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING THE <br />TAX MILLAGE RATE TO BE LEVIED UPON ALL REAL AND <br />PERSONAL TAXABLE PROPERTY IN INDIAN RIVER COUNTY, <br />FLORIDA FOR FISCAL YEAR 1985-86 FOR THE BEACH <br />ACQUISITION GENERAL OBLIGATION BONDS (1982). <br />WHEREAS, the Budget Officer of Indian River County prepared <br />and presented to the County Commission a tentative budget for the <br />Beach Acquisition General Obligation Bonds (1982) of Indian River <br />County, Florida for the fiscal year commencing on the 1st day of <br />October, 1985, and ending on the 30th day of September, 1986, <br />addressing each of the funds therein as provided by law, including <br />all estimated receipts, taxes to be levied, and balances expected <br />to be brought forward, and all estimated expenditures, reserves, <br />and balances to be carried over at the end of the year; and <br />WHEREAS, the Board of County Commissioners of Indian <br />River County held numerous public workshops to consider and amend <br />the tentative budget as presented; and <br />28 <br />EP 111985 BOOK �;,� k'fiuE <br />J <br />