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r <br />F E B 5 1991 Borg' F�;E 620 <br />RAMPMASTER, INC. - RE -ASSIGNMENT OF LEASE - EARLY PAYMENT OF <br />INDUSTRIAL DEVELOPMENT REVENUE BOND (ROBERT H. DAVIS AND WILLIAM <br />A. DAVIS) <br />The Board reviewed the following memo dated 2/4/91: <br />TO: BOARD OF COUNTY COMMISSIONERS <br />CQ(q'l� <br />FROM: Charles P. Vitunac, Coun y ttorney <br />DATE: February 4, 1991 <br />RE: ADD-ON ITEM - B.C.C. MEETING 2/5/91 <br />In 1982 Indian River County participated in an industrial development <br />revenue bond for Rampmaster, and the debtor corporation now would <br />like to pay off the bonds early. <br />The County took an Assignment of Leases, Rents, and Profits as <br />security for the County's involvement in the bond arrangement and now <br />must release that Assignment when the bonds are totally paid off. <br />Staff recommends the execution of the Re -Assignment of Lease by the <br />Chairman and its delivery at the time of bond payment. <br />Attorney Vitunac advised that there will be other documents <br />6 <br />presented at the closing that we may have to sign, such as a <br />satisfaction of mortgage and this release. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, the Board unanimously approved the <br />Re -Assignment of Lease and authorized the Chairman's <br />signature on the necessary documents at the time of <br />bond payment, as recommended by Attorney Vitunac in the <br />above memo. <br />COPIES OF RE -ASSIGNMENT OF LEASE AND SATISFACTION OF MORTGAGE ARE <br />ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />ALCOHOL—AND DRUG —ABUSE _MENTAL - HEALTH_ PLANNING_ COUNCIL -MEET I NG <br />Commissioner Eggert reported that at last night's meeting, <br />it came up that part of this arbitrary 5% cut and some of the HRS <br />freezes didn't consider what is crisis and what is not. Budgeted <br />for our district was a new crisis unit for $925,000 which would <br />include areas for children. Right now, if a child is brought in, <br />they have to be kept at the nurses' desk, otherwise they are <br />W. <br />