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8.I. INTEREST RATE CHANGE ON ALL COUNTY FINANCING (PETITION <br />PAVING, UTILITY ASSESSMENT PROJECTS, UTILITY IMPACT FEES, ETC.) <br />ON MOTION by Commissioner Davis, SECONDED by <br />Commissioner O'Bryan, the Board unanimously approved <br />the fixed interest rate of 5.75%, which will remain in <br />effect for calendar year 2011 for all County financing with <br />the exception of projects directly affiliated with a bond <br />issue for which the bond covenants dictate a different <br />interest rate, as recommended in the memorandum of <br />December 13, 2010. <br />8.J. DECLARE EXCESS EQUIPMENT SURPLUS FOR SALE OR DISPOSAL <br />ON MOTION by Commissioner Davis, SECONDED by <br />Commissioner O'Bryan, the Board unanimously: <br />(1) approved the Excess Equipment List items as surplus <br />and authorized its sale and/or proper disposal; and <br />(2) authorized the excess equipment to be delivered to the <br />Indian River County Solid Waste Disposal District <br />Landfill to be sold at a public auction on January 26, 2011, <br />at 10:00 a.m., as recommended in the memorandum of <br />December 14, 2010. <br />9 <br />December 21, 2010 <br />