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DEC <br />18 <br />BOOK <br />F,,z <br />Commissioner <br />Bird hoped that we would review the <br />interest <br />rate periodically, and Commissioner Wodtke concurred that we <br />should at least have an annual review. <br />The Administrator and the Board agreed, and Chairman Lyons <br />suggested that we write this into the ordinance. <br />Commissioner Bowman suggested we just say this would be done <br />periodically rather than tie into an annual review. <br />Attorney Vitunac felt it might be better just to direct <br />staff to do this and not change the ordinance and the Board had <br />no objection. <br />The Chairman asked if anyone present wished to be heard. <br />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 adopted <br />Ordinance 85-102 amending Ordinance 84-18 "Impact <br />Fee Expansion Policy." <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Wodtke, the Board unanimously directed <br />staff to make evaluation of the interest rate <br />to be charged on the impact fee installment payments <br />at least on an annual basis and make recommendations <br />to the Board re any adjustment. <br />40 <br />