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0 - 0 <br />9.B.2. PUBLIC DISCUSSION ITEM - RESOLUTION <br />ESTABLISHING INTENT TO REIMBURSE PROJECT COST <br />INCURRED WITH A FUTURE TAX EXEMPT FINANCING (BOND <br />ISSUE <br />The Board reviewed a Memorandum of May 20,4998: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: May 20, 1998 <br />SUBJECT: RESOLUTION ESTABLISHING THE INTENT TO REIMBURSE PROJECT <br />COST INCURRED WITH A FUTURE TAX EXEMPT FINANCING <br />OMB AGENDA ITEM <br />FROM: Joseph A Bair <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />Indian River County is contemplating issuing the remaining $11,000,000 General Obligation Bond <br />for the purchase of environmentally sensitive land. If Indian River County wishes to utilize bond <br />funds to reimburse themselves for the costs they incur prior to the bond issue, they must pass a <br />resolution outlining their intent. The attached resolution allows Indian River County to reimburse <br />itself for land acquisition costs that occurred prior to the bond issue. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the attached resolution. <br />Budget Director Joseph A. Baird recommended that this item be delayed. <br />ON MOTION by Commissioner Eggert, SECONDED BY <br />Commissioner Adams, the Board unanimously delayed this <br />item, as recommended by staff. <br />9.B.3. GLENN LEGWEYS REQUEST TO DISCUSS CHILDREN'S <br />SERVICES NETWORK BUDGETING PROCESS <br />The Board reviewed a Letter of May 10, 1998: <br />May 26,1998 <br />49 <br />