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ORDINANCE NO. 89 - <br />Chairman Gary C. Wheeler <br />Vice Chairman Carolyn K. Eggert <br />Commissioner Richard N. Bird <br />Commissioner Margaret C. Bowman <br />Commissioner Don C. Scurlock <br />5 <br />Aye <br />Aye <br />Aye <br />Aye <br />Aye <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY <br />W eeler, C airman <br />REFINANCING FARMER'S HOME ADMINISTRATION UTILITIES DEBT <br />The Board reviewed the following memo dated 1112189: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: January 12, 1989 <br />SUBJECT: REFINANCING FARMER'S HOME <br />ADMINISTRATION DEBT IN UTILITY DEBT <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />The Utility Department financed the <br />Farmer's Home Administration (FmHA) <br />outstanding or obligated: <br />Principal <br />$ 402,500 <br />236,000 <br />5,825,900 <br />2,750,700 <br />450,000 <br />9.200.000 <br />$18,865,100 <br />JAN 17 1989 <br />Interest <br />Rate <br />5% <br />5% <br />5% <br />5% <br />7.3375% <br />5% <br />Remaining <br />Principal <br />$ 366,500 <br />221,000 <br />5,592,000 <br />2,698,000 <br />450,000 <br />9.200.000 <br />$18,527,500 <br />21 <br />majority of it's debt through <br />and has the following arâ–ºount <br />Discount Rate <br />. 66130 <br />.65087 <br />.64133 <br />.63262 <br />. 82600 <br />. 61739 <br />Payoff <br />$ 242,366.45 <br />14{,842.27 <br />3, 5864, 317.36 <br />1,706,808.76 <br />371,700.00 <br />5 67'.988.00 <br />$11,731,022.84 <br />BOO 75 i <br />