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Item H1 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: March 15,2006 Division: Land Authoritv Bulk Item: Yes No...x.. Staff Contact Person: Mark Rosch Agenda Item Wording: Approval of minutes for the February 15, 2006 meeting. Item Background: NIA Advisory Committee Action: NIA Previous Governing Board Action: NIA Contract/Agreement Changes: NIA Staff Recommendation: Approval Total Cost: $ Budgeted: Yes _ No Cost to Land Authority: $ Source of Funds: Approved By: Attorney_ County Land Steward _. Executive Director Approval: ~O, ~04d . Mark J. Rosch Documentation: Included: ~ To Follow: Not Required: Disposition: Agenda Item _ MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY GOVERNING BOARD February 15, 2006 Meeting Minutes The Governing Board of the Monroe County Comprehensive Plan Land Authority held a regular meeting on Wednesday, February 15, 2006 at the Key Largo Library located at 101485 Overseas Highway, Key Largo, Florida. Chairman David Rice called the meeting to order at 10:31 AM. Present and answering roll call, in addition to Chairman Rice, were Mayor Sonny McCoy, Commissioner Murray Nelson, Commissioner George Neugent, and Commissioner Dixie Spehar. Also in attendance were Executive Director Mark Rosch, Office Manager Kimberly Nystrom, Counsel Larry Erskine, and members of the press and public. The first item on the agenda was approval of minutes for the January 18, 2006 meeting. A motion was made by Mayor McCoy and seconded by Commissioner Neugent to approve the minutes as submitted. There being no objections, the motion carried (5/0). The next item was approval to add the Islamorada Motel to the Acquisition List. Mr. Rosch addressed the Board. A motion was made by Commissioner Neugent and seconded by Commissioner Spehar to approve the item as submitted. There being no objections, the motion carried (5/0). Mr. Rosch then discussed the concept of amending the Land Authority statute to eliminate the requirement of issuing bonds through the State Division of Bond Finance. The Board did not support this concept but did express support for issuing bonds pursuant to the existing statute and exploring alternatives to bond financing. There being no further business, the meeting was adjourned at 10:46 AM. Minutes prepared by: Mark J. Rosch Executive Director Approved by the Board on: