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r <br />ROOK C%� F'Ee <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Scurlock, the Board unanimously (3-0) approved <br />Developer's Agreement with Richard Tallman for Squire <br />Village Mobile Home Park as recommended by staff. <br />SAID AGREEMENT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD. <br />BOND RESOLUTION - SANDRIDGE SECOND GOLF COURSE <br />The Board reviewed memo from the County Attorney: <br />TO: BOARD OF COUNTY COMMISSIONERS <br />FROM: Charles P. Vitunac, County Attorney <br />DATE: June 12, 19911 <br />RE: BOND RESOLUTION - SANDRIDGE SECOND GOLF COURSE <br />The attached resolution has been prepared by the Bond Counsel for <br />Indian River County in connection with the funding of the second golf <br />course at Sandridge. <br />RE UEST: The Board authorize the Chairman to execute this <br />resolution on behalf of the Board. <br />Charles Sieck, County Bond Counsel, presented the Board with <br />a revised Bond Resolution, explaining that the only thing that <br />was changed in this case was the aggregate maximum principal <br />amount of the bonds where, after discussing it with Hough 8 Co. <br />and OMB Director Baird, they have now inserted $6,500,000 instead <br />of $5,000,000. The second insertion is just the percentage on <br />Page 3, which is 180, and that's just a provision which relates <br />to a contingency if the Sales Tax Bond Resolution is eliminated. <br />Those are the only changes from the draft given the Board. <br />OMB Director Baird further explained that we are just saying <br />we are putting a subordinate lien on the J&, Sales Tax, and if we <br />pay off the two other bond outstanding under that, that we are <br />going to guaranty that 180 of the Sales Tax would be sufficient. <br />Commissioner Eggert understood this but personally felt it <br />is not set out clearly. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Scurlock, Commissioners Bowman and Wheeler <br />being absent, the Board unanimously (3-0) adopted <br />Resolution 91-70 authorizing the issuance of not <br />161M <br />L�J <br />r�yT: b� �• l <br />I <br />