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Chairman Scurlock explained that Utilities has a different <br />procedure in an interest rate. They set a flat rate on <br />a periodic basis, whereas the paving assessment interest is <br />determined by adding 1% to whatever the prime rate is on the day <br />the final assessment roll is approved. He suggested that <br />sometime in the future the Board consider setting an interest <br />rate every 6 months or so. <br />Director Davis advised that would be fine if the Board <br />wished to do that today, but felt that the fluctuating interest <br />rate probably affects the Tax,Collector's office more than <br />Public Works. <br />Chairman Scurlock just wanted everyone to think about <br />changing the procedure. <br />7TH COURT - between 11th Street 6 12th Street <br />Chairman Scurlock opened the Public Hearing and asked if <br />anyone wished to be heard in this matt.er. There being none, the <br />Chairman declared the Public Hearing closed. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Bowman, the Board unanimously -adopted <br />Resolution 87-6, providing for certain paving and <br />drainage improvements for 7th Court between 11th <br />Street and 12th Street. <br />40 BOOK FAU 100 <br />N 2 7 <br />