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ON MOTION by Commissioner Eggert, SECONDED by Commis- <br />sioner Bird, the Board unanimously approved Budget <br />Amendment #031 appropriating funds for purchase of <br />microfilm equipment for BCC Office. <br />SUBJECT: BUDGET AN ENDMEN` <br />NUMBER: 031 <br />DATE: March 8, 1988 <br />Entry Number <br />Fund/Department/Account Name <br />Account Number <br />Increase <br />Decrease <br />EXPENSE <br />1. <br />Other <br />GF/BCC/Contractual Services <br />001-101-511-033.49 <br />6,575 <br />0 <br />Office <br />GF/BCC/Funiture & Equipment <br />GF/BCC/Reserve for Contingency <br />001-101-511-066.41 <br />001-199-581-099.91 <br />5,110 <br />0 <br />0 <br />11,685 <br />(19) Route 60 Water & Sewer Refinancing - Recommendations <br />The Board reviewed memo of the OMB Director: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: March 8, 1988 <br />SUBJECT: ROUTE 60 WATER AND SEWER <br />REFINANCING - RECOMMENDATION <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCIPTION AND CONDITIONS <br />Last month, the County received four (4) bids for the <br />refinancing of the State Road 60 Water and Sewer bonds. Art <br />Diamond, (the County's Financial Advisor) and County staff reviewed <br />each candidate's proposal; the results are summarized in a letter <br />from Mr. Diamond dated February 24, 1988 (see attached). <br />RECOMMENDATIONS <br />Both staff and Mr. Diamond recommend that the Board of County <br />Commissioners consider using the lowest bid, First Union Bank, to <br />obtain the necessary financing. In the event the County and this <br />institution fail to reach an agreement, however, staff would like <br />the permission of the Board to negotiate with the next lowest <br />bidders (Barnett Bank and NCNB). <br />21 <br />MAR 15 1988 <br />i6._ <br />BOOK 71 ocF.190 <br />