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OCT 2 3 195 • <br />Bou 62 PAa 467 <br />The foregoing resolution was offered by Commissioner <br />Scurlock who moved its adoption. The motion was seconded <br />by Commissioner Wodtke and, upon being'put to a vote, the <br />vote was as follows: <br />Chairman Patrick B. Lyons Aye <br />Vice -Chairman Don C. Scurlock, Jr. Aye <br />Commissioner Richard N. Bird Aye <br />Commissioner Margaret C. Bowman Aye <br />Commissioner William C. Wodtke, Jr. Aye <br />85-124 <br />The Chairman thereupon declared Resolution No._ duly <br />passed.,and adopted this 23rd day of October , 1985. <br />Attest:-�1�=.dC T �c <br />FREDA WRIGHT <br />Clerk <br />BOARD OUNTY COMMISSIONERS <br />OF I IAN IVER COUNTY, FLORIDA <br />/-4513/ 6 <br />CR B. LY o <br />airman <br />AWARD OF REFINANCING BONDS, COURTHOUSE, ADMINISTRATION BUILDING <br />Assistant Utilities Director Barton informed the Board that <br />we have finally arrived at the date of refunding the bond issue <br />that did this building and the Courthouse, and this includes some <br />new projects in addition to paying off the old: <br />The fourth courtroom; <br />The State's Attorney's building purchase; <br />Shortfall for the Jail from the 1� sales tax; <br />The minimum security building next to the Jail; and <br />The Sheriff's complex. <br />Director Barton then reviewed the following memo re interest <br />rates: <br />TO: THE HONORABLE BOARD OF DATE: OCTOBER 22, 1985 <br />COUNTY COMMISSIONERS <br />THRU: MICHAEL WRIGHT, COUNTY SUBJECT: REFUNDING BOND ISSUE <br />ADMINISTRATOR <br />v ~ <br />FROM: JEFFREY K. BARTON� <br />DESCRIPTION AND CONDITIONS <br />The attached sales price by maturity and the equivalent yield listing is <br />from M.G. Lewis and represents the gross proceeds from the purchase of the <br />refunding bonds from Indian River County. The average coupon rate for the <br />first year is 8.5078%. <br />18 <br />