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B. Occupational License Fees Report - December, 1994 <br />The Board reviewed the following memo dated 1/5/95: <br />MEMORANDUM <br />TO: Board of County Commissioners <br />FROM: Karl Zimmermann, Tax Collector <br />SUBJECT: Occupational Licenses <br />DATE: January 5, 1995 <br />Pursuant to Indian River County Ordinance No. 86-59, please be <br />informed that $4,683.65 was collected in occupational license taxes <br />during the month of December 1994, representing the issuance of <br />183 licenses. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Bird, the Board unanimously accepted <br />the above report. <br />C. Change of Interest Rate on Petition Paving and Utility Assessment <br />Projects <br />The Board reviewed the following memo dated 1/5/95: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: January 5, 1995 <br />SUBJECT: CHANGING THE INTEREST RATE ON PETITION PAVING AND UTILITY <br />ASSESSMENT PROJECTS - CONSENT AGENDA <br />FROM: Joseph A. Baird <br />OMB Director <br />Assessment interest rates are scheduled to be set on an annual basis in January of each year. For <br />the 1994 calendar year the assessment interest rate was 8% because the prime rate was only 6% at <br />the time. The prime interest rate in the Wall Street Journal today is 8 1/2% which would mean we <br />would charge an assessment interest rate of 10 1/2% for 1995. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the change in the interest rate <br />to 10 '/2% effective immediately. <br />3 <br />January 17, 1995 <br />P <br />I <br />