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Board of County Commissioners <br />Meeting Minutes - Final July 2, 2019 <br />Attachments: Staff Report <br />Human Resources Director Suzanne Boyll presented the Medical Plan adjusted <br />phase rates for retirees effective October 1, 2019. There would be no change for <br />the premium associated with the Premier Silver, but the Premier Gold medical <br />plan premium would be based upon the buy -up difference between the Silver <br />and the Gold plan. <br />A motion was made by Vice Chairman Adams, seconded by Commissioner <br />O'Bryan, to approve staffs recommendation. The motion carried by the following <br />vote: <br />Aye: 5 - Chairman Solari, Vice Chairman Adams, Commissioner Flescher, Commissioner <br />O'Bryan, and Commissioner Zorc <br />E. Office of Management and Budget <br />12.E.1. 19-0573 <br />Recommended Action: <br />Water & Sewer Revenue Refunding Bonds, Series 2009 Consideration <br />of Early Payoff <br />-Ids that the Board of Commissioners authorize staff to begin the process of <br />calling the $11,315,000 in remaining principle of the Water & Sewer Revenue <br />Refunding Bonds, Series 2009 on or after September 1, 2019. <br />Attachments: Staff Report <br />Management and Budget Director Kristin Daniels utilized a PowerPoint <br />Presentation to detail the Water & Sewer Revenue Refunding Bonds, Series <br />2009. She provided that the purpose of the issuance of the bonds was to <br />refinance the Series 1993A and 1993B Bonds. She furthered detailed the <br />history of the bonds and the estimated net savings, noting that a $2.9 million <br />reduction in debt service would allow for increased renewal and replacement <br />expenses to be addressed, including deferred expenses that was accumulated <br />during the downturn. <br />Budget Director Daniels stated that the Utility had another outstanding debt, the <br />Water and Sewer Revenue Refunding Note, Series 2015, of which staff did not <br />recommend an early payoff. <br />A motion was made by Commissioner Flescher, seconded by Commissioner <br />Zorc, to approve staffs recommendation. The motion carried by the following <br />vote: <br />Aye: 5 - Chairman Solari, Vice Chairman Adams, Commissioner Flescher, Commissioner <br />O'Bryan, and Commissioner Zorc <br />F. Public Works <br />Indian River County Florida <br />Page 15 <br />