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