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Budget Director Joe Baird noted that this is a 172 unit, low to moderate income, <br />housing development located at 66t` Street and 75thAvenue. <br />The Chairman opened the public hearing and asked if anyone wished to be heard <br />regarding this matter. There being none, the Chairman closed the public hearing. <br />MOTION WAS MADE by Commissioner <br />Stanbridge, SECONDED by Commissioner Adams, <br />to approve staff's recommendation. <br />Commissioner Ginn believed this is putting the cart before the horse and preferred to <br />wait until the site plan comes up for approval before voting on the bonds. <br />Community Development Director Bob Keating advised that the developer had <br />submitted a regular site plan and has received conceptual approval. <br />Commissioner Ginn wanted an opportunity to examine the site plan before voting and <br />questioned whether there will be an increase in density. <br />bonus. <br />Director Keating responded that the property is zoned RM -6 and there is no density <br />Commissioner Adams felt the project and the bond concept are 2 different things and <br />noted that the bonds are not issued unless the project is approved. <br />Commissioner Ginn could not support the project and was not sure this was something <br />to be desired in Indian River County. <br />Director Baird stated that there is not a policy regarding whether the bond issue is <br />presented before or after the site plan. <br />NOVEMBER 16, 1999 <br />-59- BOOK iii P,�GE <br />