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7.S. Interlocal Agreement with School Board o�f'Indian RiverCounty <br />Concerning Scrub Jav Lot Ac�►uisition (Pelican Island Ele�zentary <br />Sch ooll <br />The Board reviewed the proposed Interlocal Agency Agreement. <br />Chairman Adams suggested an addition be made to the second paragraph on page 2 <br />in case the loan is not repaid as follows: In the event the loan is not repaid before June 30, <br />2001, interest shall accrue at the prime percentage rate per annum thereafter. (C'LERK'S <br />NOTE: The interest rate was subsequently changed just prior to the end of the meeting to "... <br />the rate authorized under provisions of Florida Statute 215.84" at the request of the School <br />Board and concurrence of the Commissioners.) <br />ON MOTION by Vice Chairman Ginn, SECONDED BY <br />Commissioner Stanbridge, the Board unanimously approved <br />entering into an interlocal agreement with the School Board of <br />Indian River County concerning the Scrub Jay Lot Acquisition <br />by Pelican Island Elementary School as amended at the meeting. <br />AGREEMENT IS ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />9.A.1. PUBLIC HEARING - MODIFICATION TO THE <br />CONCEPTUAL PLANNED DEVELOPMENT PLAN FOR I DIAN <br />RIVER COURTS -REQUESTED BY INDIAN RIVER COURT�LTD. <br />PROOF OF PUBLICATION [S ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />Planning Director Stan Boling reviewed a Memorandum of November 20, 2000 with <br />the aid of a site map projected on the overhead: <br />December 12, 2000 <br />65 <br />BK 1 1� PG 3 9 5 <br />