1/8/1986 - Laserfiche WebLink

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Chairman Scurlock reported that the County's bond counsel has indicated that because of the lower interest rates currently available, a 30 -year permanent bond issue would be preferable to going with a short-term loan before the permanent financing. He assured Commissioner Bird that we would have the same flexibility with the permanent issue of the 30 -months of deferred capital Interest and that we would get the money in the same amount of time. He reported that it is the Finance Committee's recommendation that the Board authorize staff to go ahead and proceed on that basis. The Board agreed that the interest rate of 8-1/2$-8/3/4% offered was very conservative and that we could probably get an interest rate around 7%-8%. Further, that we keep in contact with M. G. Lewis to keep our options open and come back at the time of placement to get direction from the Board on whatever market conditions are that week. Chairman Scurlock understood that the Commission wishes to proceed in this manner. DISCUSSION OF ADMINISTRATION OF SOUTH COUNTY FIRE DISTRICT Administrator Wright asked that before we get into the appointment of the new Fire Chief, the Board give some direction on the administration of the district. Commissioner Bird felt that when the SCFD was created it was with the idea that the district would not be a department within Indian River County, but set up as a separate entity that would answer to the Board of County Commissioners and work through the Fire Advisory Board. For administrative purposes only, the Fire Chief would work through the County Administrator and utilize the County staff for administration functions. Commissioner Wodtke felt quite differently in that when the district was created, it was because the City of Vero Beach had a paid fire fighters department and we were moving county-wide'as far as the taxing structure. Now that the County has assumed 53 JAS i�� BOOK 63, P,,r J%