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Fr- I <br />ma J.07 rnE 475 <br />MOTION WAS MADE by Commissioner Macht, SECONDED <br />BY Commissioner Ginn, to approve staff's recommendation. <br />Under discussion, Commissioner Ginn understood that this would in no way <br />encumber the County by way of a guarantee for the bond, and Director Baird confirmed her <br />understanding was correct. <br />The Chairman CALLED THE QUESTION and the motion <br />carried unanimously (3-0, Commissioner Adams and <br />Commissioner Eggert absent). (Approved advertising for a <br />public hearing to be held on November 24, 1998 at 9:00 a.m. in <br />the Board of County Commissioners Chambers on the resolution <br />approving the interlocal agreement with Palm Beach County <br />Health Facilities Authority for the issuance of revenue bonds by <br />Adult Communities Total Services, Inc. [ACTS] in an amount <br />not to exceed $16,000,000.) <br />11.G.1. OCEANAIRE HEIGHTS SUBDIVISION - KENNEDY <br />PROPERTIES - DEVELOPER'S AGREEMENT FOR STORMWATER <br />IMPROVEMENTS <br />The Board reviewed a Memorandum of October 27, 1998: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E. <br />Public Works Directo;519 <br />SUBJECT: Developer's Agreement Between Indian River County and Kennedy <br />Properties for Stormwater Improvements to Oceanaire Heights <br />Subdivision <br />DATE: October 27, 1998 <br />•.0 - <br />Kennedy Properties is developing a large residential development <br />called Old Orchid Grove which is located west of Oceanaire Heights <br />November 3, 1998 <br />32 <br />is 0 <br />