Laserfiche WebLink
RECOMMENDATION: <br />I recommend that we approve the agreement proposed by Mrs. <br />Jackson, since the County cannot foreclose this lien and <br />recoup its expenses for a number of years otherwise. This <br />way our expenses will be recouped, and Mrs. Jackson can pay <br />off the lien against Mr. Brooks' property in manageable <br />amounts. In the event of failure of performance, all <br />accrued but unpaid interest would not be waived. <br />ON MOTION by Commissioner Bird, SECONDED by Commis- <br />sioner Scurlock, the Board unanimously approved the <br />agreement proposed by Mrs. Jackson as recommended by <br />staff'. <br />RESOLUTIONS RELATED TO ISSUE OF REFUNDING WATER & SEWER REV.BONDS <br />Attorney Vitunac passed out proposed Resolutions for the <br />Board to review. He explained that the first Resolution <br />continues in force the 1982 Resolution under which the FmHA loans <br />were first given. Since we are refinancing tomorrow all those <br />loans, there.won't be any outstanding loans under the 1982 <br />Resolution, and normally it would become of no further force and <br />effect. However, we are going to use that old Resolution for the <br />Gifford refinancing several months from now; so, we need to keep <br />its vitality intact. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Scurlock, the Board unanimously adopted <br />Resolution 89-45 supplementing Resolution 82-61. <br />BOOK. �E 7,8 <br />57 <br />