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r <br />MAY 2 21990 <br />BOOK 80 <br />OMB Director Baird noted that the Rockridge people will have <br />to pay 1% above this rate, which is not a bad rate at 8.920. He <br />informed the Board that he has received a good faith check from <br />William Hough & Co., which arrived by Federal Express today. <br />Commissioner Scurlock commented that Gulf Stream, who was <br />the only other bidder was only a little bit off in their bid, and <br />being gentlemen, they allowed William Hough 6 Co. to mail in the <br />good faith check. <br />Financial Advisor Diamond confirmed that both bids were <br />excellent bids, and he would commend both firms for the way they <br />have participated not only in this bond issue, but previous <br />issues. There wasn't that much difference between the 2 bids, <br />and both firms deserve a lot of credit for their support of the <br />county.. In regard to filling in the blanks in the Resolutions, <br />he advised that the paying agent is First Union National Bank of <br />Florida, and Director Baird has.already supplied the numbers. <br />Director Baird reported that William Hough & Company has had <br />some orders placed by local residents to buy these bonds. <br />Attorney Vitunac wished to say for the record that this was <br />a small issue, but a very complicated and technical one, and OMB <br />Director Baird and Financial Advisor Diamond, as well as Art <br />Ziev, did a lot of work on it. <br />ON MOTION by Commissioner Scurlock, SECONDED by Com- <br />missioner Wheeler, the Board unanimously adopted <br />Resolution 90-67 amending and supplementing Resolution <br />89-54, entitled Resolution 90-40, authorizing the <br />issuance of not exceeding $1,315,000 Special Assessment <br />Revenue Bonds to reimburse the county for a portion of <br />the cost of the "Rockridge Sewer System." <br />50 <br />� r <br />