9/4/1996 - Laserfiche WebLink

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Commissioner Bird inquired if arbitrage is possible, and Director Baird responded he would have to determine whether it can be used and, if so, that it would take an auditor to do the calculations. Commissioner Macht suggested arbitrage might be a way to defray bond cost, and Director Baird advised that there is $10 million remaining, that $15 million has been expended. Commissioner Eggert commented that there is a potential $26 million. Director Baird explained the payment amounts: interest is $662,028 and principal is $745,000. In addition, the Property Appraiser and Tax Collector have to be paid for collecting the voted ad valorem tax. The Chairman opened the public hearing and asked if anyone wished to be heard in this matter. There being none, she closed the public hearing. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Bird, the Board unanimously adopted the proposed Environmentally Sensitive Land Acquisition Bond millage rate of .2897. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Bird, the Board unanimously adopted the proposed Environmentally Sensitive Land Acquisition Bond budget in the amount of $1,635,954. Aggregate County Administrator Jim Chandler advised that the proposed aggregate millage is 7.0736 or 1.65% above the rollback aggregate millage 6.9587, or an increase of $683,483 above rollback. Total County Budget is $156,173,677, up from $154,864,822, an increase of $1,308,855 or .85%. The Chairman opened the public hearing and asked if anyone wished to be heard in this matter. There being none, the Chairman closed the closed the public hearing. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Bird, the Board unanimously adopted the proposed aggregate millage of 7.0736. 7 99E September 4, 1996