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Mr. Bailey advised that written reports will be submitted for Mr. Tabar's records. The <br />next report is due in September. <br />At the conclusion, Commissioner Adams thanked Messrs. Bailey, Stauble, and Tabar for <br />a very nice job in presenting the material. She appreciated their diligence. <br />Commissioner Ginn questioned the settling of the PEP Reef segments; she thought they <br />were not supposed to settle because they were on hard bottom. <br />Mr. Tabar advised that the inshore units seem to have displayed the highest amount <br />settlement. From all indications, they have touched on hard bottom and have reached <br />equilibrium. <br />There being no further questions, Chairman Eggert thanked the presenters for the <br />fascinating presentation. <br />11 COMPENSATION FOR VAB MEMBERS <br />1997: <br />Deputy County Attorney William G. Collins, II reviewed a Memorandum dated July 15, <br />TO: The Board of County Commissioners <br />FROM: vel William G. Collins II - Deputy County Attorney <br />DATE: July 15, 1997 <br />SUBJECT: Resolution Appointing Value Adjustment Board Members and <br />Providing for Per Diem Compensation for Value Adjustment Board <br />Members <br />Pursuant to Chapter 194, Florida Statutes, the Board is advised to: <br />1. Appoint by Resolution three members of the Board to serve on the Value <br />Adjustment Board for 1997, with the two remaining members designated <br />as alternates. <br />2. Provide by resolution for per diem compensation to the Value Adjustment <br />Board members. The amount of such compensation is established by <br />statute if both the County Commission and School Board elect to allow <br />such compensation. The School Board has made such an election. Two- <br />fifths of the expenses are borne by the School Board and three-fifths by <br />the County Commission. An appropriate resolution is attached for your <br />approval. <br />RECOMMENDATION <br />1. Appoint Board members and alternates. <br />2. Approve the attached Resolution. <br />3. Select a date for an organizational meeting with School Board and <br />Property Appraiser. School Board appointees to VAB are available at <br />9:00 a.m. on either Friday, July 25; Monday, July 28; or Tuesday, July 29. <br />There was a brief discussion on the VAB dates and availability of Commissioners. <br />54 <br />bok U2 PAGE x.58 <br />JULY 229 1997 <br />