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NOV 13 1985 K 62 Fa ,f 746 <br />®00 <br />Commissioner Bowman inquired if 2-1/2a for the renewal/ <br />replacement account was sufficient, and Director Pinto explained <br />that was standard. In addition, there is a provision which <br />states that they have to seed that account and the County can go <br />back into the franchise at anytime if we think that is not <br />adequate. He pointed out that because of the way the shopping <br />center is being constructed, they will be required to escrow the <br />impact fees for all of the stores at one time in order to get a <br />Certificate of Occupancy. <br />Chairman Lyons opened the Public Hearing and asked if anyone <br />wished to be heard in this matter. There were none. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Bowman, the Board unanimously closed <br />the Public Hearing. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Wodtke, the Board unanimously approved <br />the Riverwalk Utilities rate schedule, as proposed <br />by the Utilities Department. <br />AWARD OF CERTIFICATE OF CONFORMANCE - FINANCIAL REPORTING <br />Finance Director Ed Fry introduced Jim Maniak, President of <br />the Florida Finance Officers Association, who explained that this <br />award is for the Indian River County comprehensive annual <br />financial report for the fiscal year ended September 30, 1984. <br />This award carries significant prestige in financial fields, and <br />the qualification process follows rigid accounting standards and <br />legal requirements. He presented the award to Chairman Lyons, <br />Who accepted on behalf of Indian River County, and congratulated <br />Freda Wright, Clerk to the Board, and Ed Fry, Finance. Director <br />for this achievement. <br />38 <br />