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7.R. WATERFORD LAKES OF INDIAN RIVER COUNTY, INC. - REQUEST FOR <br />FINAL PLAT APPROVAL FOR WATERFORD LAKES SUBDIVISION, PHASE <br />1 (F/K/A WILSON PROPERTY) <br />Deferred. <br />7.S. GIFFORD AQUATIC CENTER - OPTIONAL SALES TAX ADDITIONAL <br />FUNDING OF $100,000 <br />The Board reviewed a Memorandum of August 1, 2001: <br />TO: Members of the <br />Board of County Commissioners <br />DATE: August 1, 2001 <br />SUBJECT: ADDITIONAL 5100,000 FUNDING <br />FOR GIFFORD AQUATIC CENTELVI <br />FROM: Joseph A. Baird <br />Assistant County administrator <br />The Gifford Aquatic Center was approved for $500,000 funding from Indian River County <br />towards the construction of the facility, which cost $1,850,000.00. The Center has requested an <br />additional $100,000 from Indian River County to assist in the shortfall in fundraising. This will <br />bring Indian River County's contribution to 5600,000. This amount, coupled with 51 250,000 <br />raised by private funds, will cover the total cost of the $1,850,000 project. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the additional $100,000 <br />funding from Optional Sales Tax. <br />AUGUST 7, 2001 <br />