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JUN 18 1966 BooK 64 PaG 708 Commission to consider deferring action on this application until the applicant can make a presentation to the Economic Development Council and they can determine if the proposed project fits within the guidelines of the plan the Council has approved for the community. He believed there is another applicant also, and this request would use up our entire allocation of funds; although, possibly there could be some surplus funds available. Commissioner Wodtke realized that it always has been the respon- sibility of the Finance Advisory Committee to review the financial structure of applicants for industrial revenue bonds, but he believed we need to work out a structure where these applicants also make an appearance before the Economic Development Council. Chairman Scurlock believed our allocation is about 5.2 million so there would be less than a million left. He had no problem with a presentation being made to the Council, but wished to make sure that by next Wednesday we can either deny or approve the pending request as we are facing a deadline with the proposed changes in the tax law. Commissioner Lyons wished to know if the other applicant re- ferred to will have something that is ready to go, and Commis- sioner Wodtke believed they will and that they are in the area of Rampmaster. Commissioner Lyons pointed out that those applicants have never come to us, and he did not know how they are going to meet the time schedule. He suggested that possibly we should go ahead and approve the request before us on the basis that their presentation to the Economic Development Council does not raise any objections. Chairman Scurlock noted that, in fairness, the Florida Convalescent Center people have gone through the required process and paid the $1,000 fee, and Commissioner Lyons agreed that this 14