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the application materials to the County Community <br />Development Department and until November 30, 2012 to <br />correct deficiencies, if any, in the submitted application <br />materials." <br />A brief discussion ensued between the Board and Clerk of Circuit Court and Comptroller <br />Jeffrey K. Barton, Finance Director Diane Bernardo, and Director Brown, on what the interest <br />rate should be. <br />Vice Chairman O'Bryan advocated basing the interest on the six percent rate in <br />Ordinance 86-14. <br />ON MOTION by Vice Chairman O'Bryan, SECONDED <br />by Chairman Wheeler, the Board unanimously approved <br />to refund certain traffic impact fees held in the original <br />Traffic Impact Fee District II, with accumulated interest at <br />the rate of six (6) percent a year. <br />Commissioner Solari wanted to have a second tier of notifications go out after the first <br />waves of refunds have been distributed, should the total refund amount not be expended. <br />MOTION WAS MADE by Commissioner Solari, <br />SECONDED by Commissioner Davis, to approve a <br />second refund process for the Fund 101 Impact Fee <br />refunds following the completion of the first refund cycle, <br />if the total refund amount was not refunded as a result of <br />the first refund process. <br />Vice Chairman O'Bryan stated he would support the Motion provided the applicant could <br />indicate a preference to have his or her refund applied to the A1A/17th Street Project. <br />February 21, 2012 13 <br />