9/23/1986 - Laserfiche WebLink

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SEP 2 3 1966 BooK N5 �4 . off with the gas tax revenues and then prematurely pay off the bond with impact fee revenues. The Chairman stated that he would like to go ahead and approve the contract with Boyle Engineering today, but would like* the Administrator to review the funding as discussed. The OMB Director confirmed that for this initial portion we will be using the gas tax funds, but it can be paid back. Chairman Scurlock felt we must establish a policy on where we use gas tax fees and where we use impact fees and the other optional revenues that come to us. Commissioner Bird commented that he wanted to be sure on the timetable we have tentatively developed that there will be sufficient funds built up again in the gas tax fund to pay for the project, and Director Davis believed there will be at the end of the 2 year period between when we start engineering and when we open the road to traffic. It will be a tight cash flow situation, but he felt we can do it. He noted that they have not considered any impact fee funding for the projects and agreed that we should, but it is very difficult to speculate as to what type of impact fees they will get in from districts because sometimes they have to give right-of-way credits, etc. Chairman Scurlock believed the Commission at some time must also face up to the fact that we will have to use some funding at some point to maintain our entranceways into our community. The two major entranceways are not only not well kept and attractive, they are ugly and overgrown, and the community deserves better. He noted that he saw an individual at Vista Plantation using their own tractor to cut the median strip, and he was not sure what kind of liability that might involve. He felt we need to set some policy on this and plan for the future. ON MOTION by Commissioner Bird, SECONDED by Commis- sioner Bowman, the Board unanimously (3-0)approved the agreement with Boyle Engineering re Indian River 24