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13. COUNTY ATTORNEY MATTERS <br />13.A. INTERLOCAL AGREEMENT REGARDING FLORIDA DEVELOPMENT <br />FINANCE CORPORATION <br />Attorney Reingold explained that the Florida Development Finance Corporation (FDFC) <br />issues bonds to support economic development initiatives, and that they are required to have an <br />interlocal agreement with the government in which the project is occurring. FDFC had <br />approached him about entering into an interlocal agreement with the County so they can assist <br />Allied Fiber in developing a fiber optic network from Miami to Georgia. Attorney Reingold <br />advised that the proposed interlocal agreement is exclusively for the Allied Fiber project; FDFC <br />would have to obtain the consent of the Board for future projects within the County. He asked <br />the Board to either approve or reject the proposed interlocal agreement and if approved, to <br />authorize the Chairman's execution of the document. <br />Brian Watson, Broad and Cassel, legal counsel to the FDFC, clarified for Vice <br />Chairman Davis that the cable will be laid along the Florida East Coast Railway right-of-way. <br />Frank Baum, Academy Securities Investment Banking, added that Allied Fiber has an <br />easement with the railroad, and will be laying about 21 miles of cable in this County. He also <br />noted that there will be around $750,000 worth of construction. <br />Vice Chairman Davis commented on the importance of high speed fiber optic cable to <br />County operations, and wanted to explore the possibility of tapping into the new network to <br />strengthen or back up the County's current system. <br />ON MOTION by Vice Chairman Davis, SECONDED by <br />Chainnan Flescher, the Board unanimously approved and <br />authorized the Chairman to execute the Interlocal <br />Agreement with the Florida Development Finance <br />BK 144 PG 5r2 <br />November 5, 2013 23 <br />