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$. C. PIPER AIRCRAFT INC. RETENTIONAGREEMENT — RECLASSIFICATION OF <br /> FUND BALANCE FROM COMMITTED TO UNASSIGNED <br /> Vice Chairman O ' Bryan summarized the 2008 incentive package plan that would have <br /> given $ 12 million to Piper Aircraft, Inc . (Piper) to remain in Vero Beach, make Piper Altaire jets, <br /> and increase its workforce . He said that Piper officials had notified the County that they do not <br /> plan to seek the remaining $ 8 million, and that today' s action would basically be a bookkeeping <br /> action. <br /> MOTION WAS MADE by Vice Chairman O ' Bryan, <br /> SECONDED by Chairman Wheeler, to approve the <br /> reclassification of funds from the committed fund balance to <br /> the unassigned fund balance in the General Fund. <br /> Administrator Baird pointed out that today ' s transaction would move the remaining $ 8 <br /> million from a restricted reserve to an unrestricted reserve . <br /> The Chairman CALLED THE QUESTION and the Motion <br /> carried unanimously . <br /> $.D. RESOLUTION CANCELING TAXES ON PROPERTY AC UIRED BY THE CITY <br /> OF FELL SMERE FOR THE BENEFIT OF THE MUNICIPAL WATER SYSTEM <br /> ON MOTION by Commissioner Flescher, SECONDED by <br /> Commissioner Davis , the Board unanimously approved <br /> Resolution 2012-075 , cancelling certain taxes upon publicly <br /> owned lands, pursuant to Section 196 . 28 , Florida Statutes . <br /> r- <br /> . ? Se 9 S , I NQ 6 42 P ' 9 <br /> 124 <br /> September 18 , 2012 <br />