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It was noted any change of the franchise would require a <br />public hearing, and Commissioner Wheeler asked if the fine could <br />be retroactive. <br />Attorney Vitunac advised that we could say it would be <br />retroactive to this date, which would be the first public <br />hearing. He noted that we also need a date for the letter of <br />credit to be provided. <br />Administrator Balczun stated that he would appreciate it if <br />the Motion could be amended to require that the irrevocable <br />letter of credit be in such form as may be approved by the <br />Administrator, Attorney Vitunac, and Director Pinto. <br />Commissioner Eggert and Commissioner Wheeler agreed to <br />reword their Motion as suggested by Administrator Balczun <br />and include that Mr. Muller would be allowed five working <br />days to present the letter of credit. <br />THE CHAIRMAN CALLED FOR THE QUESTION as amended. <br />It was voted on and carried unanimously. <br />SELF-INSURANCE TRUST FUND PARTICIPATION BY NON -COUNTY AGENCIES <br />The Board reviewed memo of Administrator Balczun: <br />TO: The Honorable Members of DATE: January 7, 1987 FILE: <br />the Board of County Commissioners <br />SUBJECT: SELF-INSURANCE TRUST FUND <br />PARTICIPATION BY NON -COUNTY <br />AGENCIES <br />FROM: Charles P. Balczun REFERENCES: <br />County Administrator <br />Indian River County maintains a self-insurance trust fund for <br />the purpose of underwriting costs incidental to medical -surgical <br />exposures incurred by its employees. <br />35 <br />FEB 3 1987 <br />BooK <br />