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providing for repeal of conflicting provisions; <br />codification; severability; and effective date. <br />1O.A.2. TAXEQUITYAND FISCAL RESPONSIBILITY ACT (TEFRA), PUBLIC <br />HEARING - PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY <br />RETIREMENT COMMUNITY REVENUE BONDS (LEGISLATIVE) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Assistant County Attorney Melissa Anderson reviewed her Memorandum dated October <br />10, 2010, providing the background and purpose of the third Interlocal Agreement with Palm <br />Beach County Health Facilities Authority, to facilitate the issuance by the Authority of Revenue <br />Bonds to refinance five health care facilities (three in Palm Beach County and two in Indian <br />River County [hidian River Estates East and Indian River Estates West]), owned and operated by <br />ACTS Retirement—Life Communities, Inc. She said that ACTS has once again requested that the <br />Authority issue additional 2010 Retirement Community Revenue Bonds to finance further <br />capital expenditures at the facilities, and also clarified that there would be no financial obligation <br />to the County. <br />Commissioners Solari and Davis commented on the annual taxes Indian River Estates <br />pays, the services the County provides to them, the cash flow they provide to the County <br />whether the County should charge a fee in connection with the hearing, resolution, etc., the <br />number of jobs that will be created with the expansion, as well as the new facility. <br />The Chairman opened the Public IIearing. There being no speakers, the Chairman closed <br />the Public Hearing. <br />10 <br />October 19, 2010 <br />