5/12/1987 - Laserfiche WebLink

Home Browse Search

or structuring a financial deal, review discount rates, and act in the best interests of the county. Generally, an underwriter looks at the ability to market the product, the ability to sell those bonds, and is not necessarily always looking at the best interests of the county. Director Baird has the responsibility of day-to-day investment of funds, but brings only overall policy matters to the Finance Advisory Committee from time to time. Commissioner Bird wondered if Director Baird feels he needs any additional expertise in this area, but Director Baird stated that he feels secure in handling that by himself and did not believe that a financial advisory committee or an outside firm should be involved with the day-to-day investment of funds. He explained that he looks at the highest rates possible on 30,60, or 90 day terms, depending on what direction the market is -- taking, but the number one item he considers is safety. ON MOTION by Commissioner Wheeler, SECONDED by Commissioner Eggert, the Board unanimously authorized the County Administrator to negotiate with M. G. Lewis and bring it back to the Board. DISCUSSION RE UNDEVELOPED RIVERFRONT AND OCEANFRONT PROPERTIES IN THE ESTATE OF JULIAN LOWENSTEIN, DECEASED The Board reviewed the following letter dated 3/30/87: i VP BILL F. STEGKEMPER, G.R.I. ��®�� 1 11011011 GRADUATE OF REALTOR INSTITUTE DESIGNATED APPRAISER LIL3 LICENSED BROKER — SALESMAN Since 1960 REAL ION` MEMBER OF MILLION DOLLAR SALES CLUB OFFICE (305) 567-3900 RES. (305) 569-3458 Post Office Box 699 �Z8�93n3j Vero Beach, Florida 32961-0699 March 30, 1987 APR 11187 p� COMMRO CO�Nn, BOO Mr. Tommy Thomas ftn 18402County 5th Street Vero Beach, Florida 32960 RE: Undeveloped Riverfront and Oceanfront Properties in the Estate of Julian W. Lowenstein, deceased. 37 MAY 12 1907 BOOK