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Board of County Commissioners Meeting Minutes - Final November 19, 2019 <br />of the new carts and authorize their trade in to Yamaha as indicated in the RFP. <br />Finally, staff recommends an Interfund loan from the General Fund in the amount <br />of $316,900 to be repaid over a four-year period as shown in the attached <br />amortization schedule and early payoff of the existing Interfund loan totaling <br />$11,015.27. <br />Attachments: Staff Report <br />Amortization Schedule 2019 <br />Amortization Schedule 2016 <br />Budget Director Kristin Daniels, reviewed the information contained in her <br />memorandum dated November 7, 2019 regarding replacement of the existing golf <br />cart fleet at Sandridge Golf Club with QuieTech carts; She pointed out that the <br />QuieTech cart was $450 more per cart, but have a quieter gas engine, independent <br />rear suspension for improved safety, and would bring in $300 per cart at the time of <br />trade-in. She felt the QuieTech cart would be the best investment. <br />Director Daniels stated staff was proposing a four year Interfund loan from the <br />General Fund in the amount of $316,900 at 3%. She pointed out that although the <br />golf course has performed well over the last few years, an Interfund loan is still <br />necessary for larger capital purchases. She also recommended an early payoff of <br />the existing golf cart fleet Interfund loan in the amount of $11,015 to avoid any <br />overlapping debt. <br />Commissioner Solari asked Director Daniels for the trade-in value of the existing <br />golf cart fleet, and Director Daniels replied that the trade-in value would be <br />$436,800. <br />A motion was made by Commissioner O'Bryan, seconded by Commissioner Zorc, to <br />approve staffs recommendation. The motion carried by the following vote: <br />Aye: 5- Chairman Adams, Vice Chairman Flescher, Commissioner Zorc, Commissioner <br />O'Bryan, and Commissioner Solari <br />F. Public Works <br />G. Utilities Services <br />12.6.1. 19-1053 Biosolids Rule -Making Comments for Chapter 62-640 Florida Administrative <br />Code <br />Recommended Action: Staff has prepared this agenda items as an informational update to the Board of <br />County Commissioners (BCC). The BCC can direct staff to submit this list (or <br />modify the list with additional comments) to be submitted to the Florida <br />Department of Environmental Protection regarding Chapter 62-640 Florida <br />Administrative Code by close of business on November 19, 2019. <br />Indian River County Florida Page 11 <br />