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Commissioner Eggert asked what is going to happen to the <br />space being vacated in this building, and was advised that the <br />Welfare Dept. probably would be moved into that space. <br />LEASE AGREEMENT IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />FmHA LOAN APPLICATION FOR BENT PINE SEWER FUNDING <br />The Board reviewed the following memo dated 4/18/88: <br />TO: <br />THRU: TERRANCE G. PINTO <br />DIRECTOR OF UTI <br />FROM: <br />CHARLES P. BALCZUN <br />COUNTY ADMINISTRATOR <br />JEFFREY K. BARTON <br />Y hERVICES <br />DATE: APRIL 18, 1988 <br />ASSISTANT DIRECTOR OF UTILITY SERVICES <br />SUBJECT: FmHA LOAN APPLICATION FOR BENT PINE FUNDING <br />BACKGROUND <br />When Indian River County committed to buy Bent Pine's Utility <br />System, FmHA had expressed a willingness to aid in the financing of <br />the purchase. Because of the timing of the transaction, Indian <br />River County Utility Department, through its impactfee account, <br />advanced the purchase price in order to close the transaction. The <br />documents for formal application to FmHA are attached for your <br />approval. <br />RECOMMENDATION <br />Please authorize the chairman to sign documents to be forwarded to <br />FmHA for processing of their loan commitment. <br />Utilities Director Terry Pinto apologized for having to add <br />this to the Agenda as an emergency item, and explained that they <br />did not realize we had to go through this procedure at this time <br />for this loan application. He recalled that when we acquired the <br />Bent Pine utility system, we funded it through impact fees, which <br />is the proper way to fund it, but the FmHA had indicated that <br />they would took at the possibility of giving us loan money out of <br />this year's allocation. They have since indicated that it is a <br />good possibility; however, we need two resolutions: 1) a <br />resolution authorizing the Chairman to sign the documents that <br />are to be forwarded to FmHA for processing of their loan <br />commitment, and 2) a loan resolution. Director Pinto explained <br />that all this does is get us in front of the right people to give <br />APR 10 1988 <br />41 <br />Boor 72 E'A �F 122 <br />