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Because of time constraints, we would like to utilize the <br />underwriter, Art Ziev, of Gulfstream Financial, that handled the <br />North Beach Water Bond issue and is familiar with Indian River <br />County's position with Farmer's Home Administration. <br />To ensure a competitive fee, we will require Gulfstream Financial <br />not to exceed a total underwriter's spread of 1.75% total <br />(including administrative fee, take down, expenses, risk, legal <br />counsel). <br />Staff would like permission to obtain Gulfstream Financial <br />services as the underwriter for the Farmer's Home Administration <br />refinancing at a underwriter spread not to exceed 1.75%. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Scurlock, the Board unanimously <br />authorized staff to obtain Gulfstream Financial <br />Services as the underwriter for the FmHA refinancing <br />at an underwriter spread not to exceed 1.75%. <br />D. Budget Amendment #047 - $7,000 Donation from Mr. and Mrs. <br />Otis Pike <br />The Board reviewed the following memo dated 2/3/89: <br />OFFICE OF MANAGEMENT AND BUDGET <br />TO: Members of the Board <br />of County Commissioners <br />DATE: February 3, 1989 <br />SUBJECT: BUDGET DMENT - 047 <br />FOR $7,000 DONATION FROM <br />MR. AND MRS. OTIS PIKE <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />The Vero Beach Library received a donation from Mr. and Mrs. Otis <br />Pike in the amount <br />purchase attached budgetamendm amendment appropriates$7,000 to purchase b oks. The <br />Recommendation <br />Staff recommends the Board of County Commissioners approve budget <br />amendment 047: <br />1989 <br />5 <br />BOOK 76 F&GE 76 <br />