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David Gregg, 2116 South Porpoise Point Lane, county resident for 26 years, admired both Boards for getting together today and listening to public input. He understood that the elected Board of Trustees represents approximately 130,000 people in Indian River County, but from what he has heard today, he feels the Board of Trustees is not doing that effectively. The people are upset with the bonuses that were paid because when they go into Emergency at IRMH, the average person comes out with a bill of $1200. He urged the Board of Trustees to use their influence and authority to get some things done and done very quickly, say 6 to 8 months from now. Mr. Gregg did not understand why the Hospital District paid for the 1974-75 bonds, and pointed to Mrs. Ingram, saying that she may have been a trustee for 12 years, but these problems have been brewing for a long time. Mr. Montuoro explained that the bonds issued in 1974-75 were switched back from IRMH, Inc. to the Hospital Taxing District with the philosophy that those bonds were issued to build the new hospital and the taxpayers had voted for it. Mr. Montuoro emphasized that those bonds are the only bonds the hospital has and they will be paid off in the next two years. All the rest are industrial revenue bonds. Mr. Gregg asked why the Hospital Taxing District should pay ` for the bonds when the hospital is leased to IRMH, Inc. Dr. Sowell noted that is one of the things that concerned him and one of the reasons he is sitting on this board. In the contract between the District and the hospital, the hospital was to assume servicing of those bonds from 1990 on, but before a single payment was made, Amendment #4 brought that back to the Hospital Taxing District trustees (taxpayers) to continue paying for that. When that debt is paid off, it will be $2 million to the taxpayers. Part of the rationale is listed in the amendment, and it had to do with the improvements that the hospital would make on its facilities being diverted to the District at the end of the lease in 2010. Dr. Sowell happened to believe that it is unfair and will be unfair until it is over. That is type of thing that has been going on in these negotiations over the past 10 years and sometimes with little notice to the public. Lou Buck, chairman of the steering committee called COAC, an alliance of the local chapter of AARP, the Civic Association and the Taxpayers Association, stated that as such he represents several hundred people who feel that the taxpayers should have more representation through the Board of Trustees. They feel that the Board of Trustees sometimes loses sight of what they should be 10 MARCH 21, 1996