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THE REFERENDUM; PROVIDING FOR A GENERAL <br />DESCRIPTION OF THE PROJECTS TO BE FUNDED BY THE <br />EXTENDED SURTAX; PROVIDING FOR DISTRIBUTION OF <br />A PORTION OF THE PROCEEDS OF THE EXTENDED <br />SURTAX TO ALL OF THE MUNICIPALITIES WITHIN <br />INDIAN RIVER COUNTY; PROVIDING FOR EFFECT OF <br />REFERENDUM RESULTS; PROVIDING AUTHORIZATION <br />FOR NECESSARY ACTION; PROVIDING A SAVINGS <br />CLAUSE; PROVIDING FOR SEVERABILITY; PROVIDING <br />FOR FILING WITH THE DEPARTMENT OF STATE AND THE <br />DEPARTMENT OF REVENUE; AND PROVIDING FOR AN <br />EFFECTIVE DATE <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE OFFICE OF THE <br />CLERK TO THE BOARD <br />The Board reviewed a Memorandum of June 25, 2002: <br />TO: Board of County Commissioners <br />FROM: Joseph A. Baird, Assistant County Administrator <br />DATE: June 25, 2002 <br />SUBJECT: Public Hearing — Ordinance Extending Local Optional Sales Tax <br />At their regular meeting on May 21, 2002 the Board of County Commissioners approved <br />holding a public hearing to extend the local optional sales tax for an additional fifteen years and <br />seven months Resolutions supporting an extension of the one -cent sales tax for up to 15 years <br />have already been adopted by all municipalities within the County (the cities of Vero Beach, <br />Sebastian, Fellsmere Indian River Shores, and Orchid). <br />JULY 2, 2002 <br />-44- <br />