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APR 2 11987 BOOK 68 FACE -136 MOTION WAS MADE by Commissioner Eggert, SECONDED by Commis- sioner Bowman, to take the property over from the Housing Authority for $83,000 (or estoppel amount set by DCA) at 1% above prime for two years, contingent on the county securing the land with free and clear title. Administrator Balczun wished to suggest that t -he interest rate be prime plus 2%. He noted banks charge prime plus 1% only to their most creditworthy customers. OMB Director Baird noted that petition paving is at 120. Chairman Scurlock believed the private sector should be doing this in the first place, and we never should have been involved in it. Administrator Balczun noted that another consideration is that in the transition from purchasing medical insurance to a self-insurance trust fund, it appears the Housing Authority employees were retained as risks on our self-insurance trust. Staff is prepared to recommend that Housing Authority personnel be insured by the Housing Authority in the marketplace for that type insurance. Chairman Scurlock explained that this personnel is a unique breed because we are using part of the Housing Authority staff to administer other programs, i.e., Section 8 Rental Assistance which is a county function. Attorney Collins felt the topic of insurance is worth discussion, but he would like to have it reviewed administra- tively first and then come back to the Board. Discussion continued as to whether the Motion would be changed to make the interest rate prime plus 20, and Commissioner Wheeler stated that he would be happier with 2%. Commissioner Eggert agreed to change her Motion to state prime plus 2%, as did Commissioner Bowman. Attorney Collins asked that there be a provision that the interest not exceed 100, and Administrator Balczun believed he 22