CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

COMMISSIONER LIEBERMAN: (INAUDIBLE) I HAD A QUESTION FOR THE AUDITOR. IN REVIEWING THE BACKUP, IN REVIEWING THE BACKUP, IN THE BACKUP, IT TALKS ABOUT LAUDERDALE LAKES NEEDING A LONG-TERM REPAYMENT PLAN. WHAT'S THE INTEREST RATE WE'RE CHARGING THEM TO USE COUNTY FUNDS THOR THAT PERIOD OF TIME. MR. LUKIC: CURRENTLY ACCORDANCE WITH THE

AGREEMENT WITH THE SHERIFF, THE INTEREST RATE THAT'S CALCULATED ANNUALLY BASED ON THE COUNTY'S POOLED CASH RATE (IS). COMMISSIONER PAYING? WHAT ARE THEY LIEBERMAN: PAYING US? OKAY. WHAT ARE WE THE

EXACTLY,

WHAT'S

PERCENTAGE? MR. LUKIC: I DON'T HAVE THAT RIGHT IN HAND. COMMISSIONER LIEBERMAN: TABLE WHILE THE AUDITOR LOOKS FOR THAT. VICE MAYOR JACOBS: OKAY.

CAN WE LAY THIS ON THE

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

MR. LUKIC: YES, DURING THE BREAK, I HAD AN OPPORTUNITY TO LOOK AT THE CURRENT STATUS OF THE PAYMENTS ON THE LAUDERDALE LAKES AGREEMENT. THERE HAVE NOT BEEN ANY TO DATE BECAUSE THE INTEREST RATE WILL BE DETERMINED BASED ON THE COUNTY'S INVESTMENT RATE, POOLED CASH RATE FOR Fy '12. SINCE WE HAVEN'T CLOSED Fy '11, WE HAVE NOT YET BILLED THEM FOR THE INTEREST OR THE SHERIFF HASN'T BILLED THEM FOR THE INTEREST. THAT WILL BE DONE SOME TIME IN

OCTOBER OR NOVEMBER AS SOON AS WE KNOW WHAT THE RATE IS ('11). VICE MAYOR JACOBS: COMMISSIONER LIEBERMAN, IS THAT SATISFACTORY. COMMISSIONER LIEBERMAN: YES. THE REASON I RAISED

THE ISSUE IS BECAUSE IT LOOKS LIKE LAUDERDALE LAKES IS GOING TO NEED HELP FOR SEVERAL YEARS. THEY'RE LOOKING AT A BALLOON AT THE END AND HOME THEY CAN REFINANCE, AND SO I HAD ASKED A QUESTION (HOPE) ABOUT WHAT WERE WE RECEIVING IN INTEREST ON OUR INVESTMENTS VERSUS WHAT IS OUR COST TO BORROW ON GENERAL OBLIGATION BONDS, AND SO APPARENTLY WE ONLY GET 1.09 PERCENT IN INTEREST BUT OUR COST TO BORROW IS 2.19 PERCENT, AND IT JUST SEEMS TO ME THAT IF WE ARE GOING TO BAIL THEM OUT FOR FIVE YEARS, IF YOU'RE ALL GOING TO BAIL THEM OUT FOR FIVE YEARS, WHICH IS LIKELY, THAT I DON'T KNOW WHY YOU WOULDN'T GET A RATE OF RETURN EQUAL TO WHAT IT'S COSTING YOU TO BORROW THAT AMOUNT OF MONEY BECAUSE IF THEY HAD PAID ON TIME, YOU WOULD NOT HAVE HAD TO FLOAT A GENERAL OBLIGATION BOND IN THE AMOUNT THAT YOU DID. YOU WOULD HAVE HAD ADDITIONAL FUNDS TO PAY

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

DOWN THE BOND, AND SO I RAISE THE ISSUE BECAUSE AT SOME POINT, THE INTERLOCAL AGREEMENT WHICH IS INTENDED TO BE JUST A TEMPORARY, YOU KNOW, THREE-MONTH, WHICH WE'VE SORT OF EXTENDED TO GET THROUGH THIS YEAR AND THEY'VE PAID -- AND AS THEY'VE PAID, WE'VE ADVANCED PAYMENTS. FROM THE BACKUP ON THAT ITEM, IT'S CLEAR THAT THAT DEBT IS GOING TO EXIST FOR AT LEAST ANOTHER FIVE YEARS UNTIL -- AND AT THAT POINT IT BALLOONS. IT'S NOT LIKE ALL OF IT IS PAID OFF UNLESS THEY GET SOME OTHER PERSON TO BE ABLE TO EITHER BORROW MONEY FROM OR TO DO A BOND ISSUE. SO THAT'S WHY I RAISE THE POINT, BECAUSE, GOING FORWARD, YOU PROBABLY OUGHT TO GET A RATE OF RETURN EQUAL TO WHAT YOUR COST OF BORROWING IS, NOT WHAT YOUR COST OF INVESTING IS. VICE MAYOR JACOBS: I AGREE. COMMISSIONER WEXLER. COMMISSIONER WEXLER: I AGREE IN THE THEORY AND THE CONCEPT, BUT THE REALITY THAT I'M LOOKING FOR, MR. LUKIC, IS, I WASN'T UNDER THE IMPRESSION THAT WE WERE BORROWING MONEY IN ORDER TO -COMMISSIONER LIEBERMAN: RECENTLY, AND THE COST ON -COMMISSIONER WEXLER: FOR THIS? COMMISSIONER LIEBERMAN: NO, GENERAL OBLIGATION. WE DID A GENERAL WE DID A REFUNDING JUST

I'M JUST LOOKING AT GENERAL OBLIGATION FUNDS.

OBLIGATION BOND REFUNDING, AND THE COST TO US TO BORROW THE AMOUNT OF MONEY WE NEEDED, WHICH OBVIOUSLY IS SHORT LIKE THE 9 MILLION, WAS 2.19 PERCENT.

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

COMMISSIONER WEXLER: I UNDERSTAND THAT, BUT I GUESS WHAT I'M TRYING TO DO IS FOLLOW THE MONEY, AND I NEVER -- UNTIL YOU BROUGHT THIS UP NOW, I NEVER HAD THE IMPRESSION THAT WHAT WE WERE FRONTING THEM, SO TO SPEAK, WAS BORROWED MONEY. COMMISSIONER LIEBERMAN: THE 9 MILLION BE. COMMISSIONER WEXLER: TAXES. COMMISSIONER LIEBERMAN: MILLION. THAT'S WHAT THEY OWE YOU. COMMISSIONER WEXLER: BUT THE 9 MILLION THAT THEY YOU DON'T HAVE THAT 9 RECEIVED FROM AD VALOREM WELL, WHERE ELSE WOULD

OWE US WAS CARRIED OVER LAST YEAR FROM THE SHERIFF'S BUDGET AND PUT INTO THE LAUDERDALE LAKES FUND. COMMISSIONER LIEBERMAN: UH-HUH. COMMISSIONER WEXLER: SO THAT'S THERE. SO YOU'RE

SAYING THAT ORIGINALLY THAT MONEY HAD BEEN BORROWED? COMMISSIONER LIEBERMAN: ORIGINALLY THE MONEY CAME FROM GENERAL OBLIGATION FUNDS. THAT'S HOW WE PAY FOR THE

SHERIFF'S SERVICES, AND SO WHATEVER -COMMISSIONER WEXLER: THAT'S THE PIECE I'M MISSING. COMMISSIONER LIEBERMAN: WHATEVER THE AMOUNT OF

THE GENERAL OBLIGATION BOND THAT WE DID THE REFUNDING ON, IT WOULD HAVE BEEN 9 MILLION DOLLARS LESS IF WE HAD THE MONEY. IT'S COSTING US 2.19 PERCENT TO BORROW THAT MONEY.

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

COMMISSIONER WEXLER: I UNDERSTAND THAT. COMMISSIONER LIEBERMAN: AND SO I DON'T KNOW WHY

YOU WOULD DO A LONG-TERM BASED ON OUR INVESTMENT VERSUS OUR COST, AND MAYBE THERE'S A NUMBER SOMEWHERE IN BETWEEN, BUT IT SURELY ISN'T WHAT WE WOULD GET BY INVESTING IT BECAUSE WE'VE BEEN BORROWING MONEY. COMMISSIONER WEXLER: COULD I JUST ASK FOR A

CLARIFICATION THEN, PLEASE, THAT THE $9 MILLION OR WHATEVER THE NUMBER MAY BE THAT WE ARE REFERENCING HERE ACTUALLY CAME FROM BONDS OR BORROWING VERSUS -COMMISSIONER LIEBERMAN: GENERAL OBLIGATION. COMMISSIONER WEXLER: GO, RIGHT. VICE MAYOR JACOBS: MR. LUKIC. COMMISSIONER WEXLER: FOR. THAT'S THE PIECE I'M LOOKING

IF THAT'S NOT THE CASE, THEN I DON'T WANT TO HAVE THIS

DISCUSSION. IF NOT, IT'S NOT. COMMISSIONER LIEBERMAN: IT'S NOT WHETHER OR NOT IT CAME FROM A GENERAL OBLIGATION BOND. IT'S GENERAL OBLIGATION

FUNDS, AND THAT'S WHAT YOU REFI. GENERAL OBLIGATION FUNDS. VICE MAYOR JACOBS: MR. LUKIC, KA ON YOU CLARIFY. MR. LUKIC: THE ISSUE IS THERE IS MONEY BOTH IN FUND BALANCE. THERE IS MONEY RAISED IN THE GENERAL FUND FROM CURRENT REVENUES, AND THERE'S ALSO MONEY THAT COMES FROM DEBT. IN

STRUCTURING THIS ARRANGEMENT, THE SHERIFF, IN LOOKING TO ESTABLISH

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

AN INTEREST RATE, CHOSE TO USE OUR INVESTMENT RATE, WHICH IN THEORY MAKES US WHOLE FOR NOT HAVING THE MONEY HAD WE INVESTED. IT IS EQUALLY TRUE, HOWEVER, THAT YOU COULD USE THE DEBT RATE. EITHER ONE COULD BE USED TO COMPENSATE THE COUNTY FOR ITS COST OF MONEY THAT IS OUTSTANDING. RATE. THE SHERIFF CHOSE THE INVESTMENT

THE INVESTMENT RATE FOR THE CURRENT YEAR, I LOOKED AT

MONTHLY YIELDS, OUR INVESTMENT RATE HAS RANGED FROM 1.1 PERCENT TO 1.6 PERCENT WHICH IS SLIGHTLY LOWER THAN THE RATE THAT WE PAID ON THE REFUNDING BONDS. SO IT WOULD BE A MATTER OF POLICY AS TO WHICH RATE YOU WOULD APPLY. HOWEVER, I WOULD SAY THAT THIS RATE WAS ALREADY ESTABLISHED BETWEEN THE SHERIFF AND THE CITY AT THIS TIME. TO GIVE YOU SOME IDEA, ONE PERCENT ON THE OUTSTANDING SO IF THE RATE, THE

BALANCE WOULD BE ABOUT $80,000 ANNUALLY.

DIFFERENTIAL BETWEEN YOUR INTEREST THAT YOU'RE EARNING AND THE INTEREST THAT YOU'RE PAYING WERE ONE PERCENT, YOU WOULD BE FOREGOING $80,000 IN ADDITIONAL CHARGES TO THE CITY. I JUST WANT TO PUT THAT IN PERSPECTIVE. BUT IT WOULD BE A MATTER OF CHOICE WHICH RATE YOU COULD USE. YOU COULD ARGUE AND JUSTIFY EITHER OF THOSE RATES. VICE MAYOR JACOBS: COMMISSIONER WEXLER, YOU STILL HAVE THE FLOOR. COMMISSIONER WEXLER: I'D LIKE TO HEAR FROM MY I HAVE

COLLEAGUES BECAUSE I'M NOT -- IT'S VERY MUDDY IN MY HEAD.

CHOICES, IT SEEMS. THE CHOICE THAT THE SHERIFF MADE WAS BASED ON

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

OUR INTEREST RATE OF 1.09 PERCENT. BORROWING IS 2.19 PERCENT, AND I HAVE GENERAL FUND REVENUE THAT IS NO RATE AT ALL. MR. LUKIC: THE GENERAL FUND RATE OR THE RATE WE'RE TALKING ABOUT, THE RATE ISN'T ESTABLISHED BY FUND. IT'S ESTABLISHED OVERALL IN TERMS OF THE INVESTMENT POOL THAT THE COUNTY HAS. AND THE AGREEMENT SAYS THAT THE RATE WILL BE THE COUNTY'S INVESTMENT RATE DETERMINED ANNUALLY NO GREATER THAN THREE PERCENT. SO

THAT RATE IS A FLOATING RATE. IF OUR INVESTMENT YIELD GOES UP, THEN THEIR INTEREST COST GOES UP. IF OUR INVESTMENT YIELD GOES DOWN, THEIR INTEREST COST GOES DOWN. THE COST OF THE DEBT IS STATIC, AND FOR AS LONG AS YOU HAVE THAT DEBT OUTSTANDING, IT WOULD BE THE 2.19 PERCENT. EITHER NUMBER IS A VALID NUMBER TO USE. THE SHERIFF

CHOSE TO USE THE INVESTMENT YIELD, AND PERHAPS HADN'T THOUGHT ABOUT THE DEBT SIDE OF IT, AND THE REALITY IS THIS REFUNDING OCCURRED AFTER THE LAUDERDALE LAKES SITUATION HAD OCCURRED AS WELL. SO I DON'T HAVE -- FROM AN AUDIT PERSPECTIVE, I DON'T HAVE AN ISSUE WITH EITHER RATE YOU USE EXCEPT FOR THE FACT THAT'S WHAT'S BEEN ESTABLISHED WITH THE AGREEMENT WITH THE SHERIFF. VICE MAYOR JACOBS: FOLLOWED BY COMMISSIONER OKAY. AND COMMISSIONER RITTER, THEN COMMISSIONER

HOLNESS

GUNZBURGER. COMMISSIONER RITTER: THANK YOU. I'M SORRY FOR

COMING IN IN THE MIDDLE OF THIS CONVERSATION, AND I DIDN'T KNOW WHAT QUESTIONS COMMISSIONER LIEBERMAN HAD ASKED THIS MORNING, BUT I

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

HAVE EXPRESSED CONCERNS THE LAST FEW WEEKS OR SO OVER THESE -- THIS CONTINUED FUNDING OF THE CITY OF LAUDERDALE LAKES, AND I'M PRETTY MUCH OVER IT. I WOULD ARGUE THAT, FIRST OF ALL, $80,000 IS NOTHING TO SNEEZE AT, ESPECIALLY NOW WITH, YOU KNOW, HOW DIFFICULT -- HOW MUCH WE'VE HAD TO CUT, AND, SECONDLY, IF THE SHERIFF MADE THE CHOICE, THEN WHY ISN'T THE CONTRACT BETWEEN THE SHERIFF AND THE CITY. WHY IS THE CITY INVOLVED -- WHY IS THE COUNTY INVOLVED IN THIS CONTRACT AT ALL? I DON'T WISH TO BE A PARTY TO THIS CONTRACT.

IN MY OPINION, THIS IS -- AND I'M SURE THERE'S A REASON WHY, BUT I'M NOT GOING TO LIKE THE REASON BECAUSE THE FUNDING COMES FROM BROWARD SHERIFF'S OFFICE. WHILE I KNOW THAT IT STARTS WITH US, IT GOES INTO THE BROWARD SHERIFF'S OFFICE COFFERS, AND I'M NOT COMFORTABLE BEING A PARTY TO THIS CONTRACT. MR. LUKIC: LET ME CLARIFY. THE ITEM BEFORE YOU IS AN

AGREEMENT BETWEEN BROWARD COUNTY AND THE CITY WHICH PERMITS THE CITY TO RETAIN ITS AD VALOREM COLLECTIONS TO PAY BACK THE SHERIFF. COMMISSIONER RITTER: I'M NOT COMFORTABLE WITH THAT THOUGH, I CAN TELL YOU, AND I UNDERSTAND -MR. LUKIC: BUT LET ME FINISH. COMMISSIONER RITTER: I -- WHY IT HAS TO BE US THEN. MR. LUKIC: BUT THE INTEREST RATE IS NOT IN THIS

AGREEMENT. THAT AGREEMENT WAS STRUCK WITH THE SHERIFF AND THE CITY TWO YEARS AGO, AND WE WERE NOT PRIVY TO THAT AGREEMENT.

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

COMMISSIONER RITTER: AND THAT'S FINE, BUT, AGAIN- THEN LET IT COME FROM THE SHERIFF'S BUDGET. LET THE AGREEMENT,

INTERLOCAL AGREEMENT BE BETWEEN BSO AND THE CITY OF LAUDERDALE LAKES AND LET HIM THEN COME TO US AND ASK US OR HIS OFFICE, NOT HIM SPECIFICALLY, BUT HIS OFFICE COME AND ASK US FOR THE MONEY TO BRIDGE THAT GAP IF, IN FACT, THERE IS A GAP WHICH I ALSO THINK IS ARGUABLE, BETWEEN THE BROWARD SHERIFF'S OFFICE BUDGET AND WHAT HE CLAIMS HE NEEDS AND WHAT HE ACTUALLY HAS. I'M JUST -- I'M NOT

VOTING FOR THIS TODAY. I'M TELLING YOU, I'M NOT VOTING FOR THIS TODAY. I HAVE BECOME INCREASINGLY UNCOMFORTABLE WITH BAILING OUT THIS CITY, AND I UNDERSTAND THEY'RE MOVING IN THE RIGHT DIRECTION, BUT WITH US APPROVING THIS INTERLOCAL AGREEMENT WITH THE COUNTY AS A PARTY, WE CONTINUE TO BE ON THE HOOK FOR THIS, AND I DON'T WANT TO BE ON THE HOOK FOR THIS ANYMORE. THERE WAS FISCAL RESPONSIBILITY ON THE CITY OF LAUDERDALE LAKES. I KNOW THEY'VE TRIED TO FIX IT, BUT MAYBE -- MAYBE IT'S TIME TO JUST -- MAYBE TOUGH LOVE IS THE ANSWER, AND IF THEY HAVE ISSUES THAT ULTIMATELY ARISE FROM THAT, THEN THERE ARE OTHER OPTIONS. THERE'S DEANNEXATION. THERE'S DEANNEXATION

AND THEN ANNEXATION INTO ANOTHER CITY. I UNDERSTAND IT'S IN YOUR DISTRICT, COMMISSIONER HOLNESS, BUT IT'S OUR MONEY. YOU KNOW, WE ALL VOTE ON THIS STUFF, AND WHILE YOU MAY DISAGREE WITH ME, I'M UNCOMFORTABLE VOTING ON THIS AGREEMENT TODAY AND I'M NOT GOING TO VOTE ON IT. VICE MAYOR JACOBS: ALL RIGHT. COMMISSIONER

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

HOLNESS. COMMISSIONER HOLNESS: LITTLE BIT. YES. I'M SORRY, I LAUGHED A WHAT

IT WAS THE FACT THAT WE SAY DEANNEXATION.

HAPPENS IF THEY BECOME DEANNEXED?

MR. LUKIC, IF THE CITY -- OUR ISN'T THE

ATTORNEY, IF THE CITY BECOMES DEANNEXED, WHAT HAPPENS? COUNTY RESPONSIBLE FOR IT? WHOLE PIECE?

AREN'T WE GOING TO HAVE TO PICK UP THE

IT'S GOING TO BE ALL OURS. VICE MAYOR JACOBS: I'M ASSUMING THAT WAS A

RHETORICAL QUESTION. COMMISSIONER HOLNESS: AND MAYBE THE ATTORNEY CAN TELL ME SOMETHING DIFFERENT. BOARD MEMBER: RETROSPECTIVELY AS FAR AS WHOLE, I DON'T KNOW THE IMPACT THE OBLIGATION THERE. ON A

GOING-FORWARD BASIS, IF THEY WERE DEANNEXED, THEN THERE WOULD BE SERVICE (INAUDIBLE) BY THE COUNTY, BUT I'M NOT SURE AS FAR AS THE DEBTS. COMMISSIONER HOLNESS: SO WHAT WOULD HAPPEN. BOARD MEMBER: I'VE NOT RESEARCHED IT AND I DON'T

KNOW WHETHER THE DEBTS WOULD BE BORNE DISPROPORTIONATELY BY PEOPLE WHO ARE CURRENTLY IN THE CITY OR THE EXTENT TO WHICH THE COUNTY IN GENERAL WOULD BE OBLIGATED TO STEP UP AND PAY THAT. COMMISSIONER HOLNESS: BUT WE WOULD STILL BE

RESPONSIBLE FOR MANAGING THAT CITY AND THE DEBT THAT THEY HAVE IF THEY BECOME DEANNEXED? WHETHER OR NOT THE RESIDENTS OF THAT

10

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

NEIGHBORHOOD PAID EXACTLY OR NOT IS A QUESTION, BUT WE WOULD STILL BE THE ONE IN CHARGE? BOARD MEMBER: WELL, PROSPECTIVELY ON A

GOING-FORWARD BASIS, AT SOME POINT, THEY WOULD BECOME RESIDENTS OF UNINCORPORATED COUNTY AND WE'D BE RESPONSIBLE FOR SERVICE PROVISION. I JUST DON'T KNOW WHAT THE RESPONSIBILITIES WOULD BE

RIGHT NOW WITHOUT RESEARCHING IT ON A LOOKING BACKWARDS BASIS IN TERMS OF THE DEBT. COMMISSIONER HOLNESS: MR. LUKIC, IS THERE A DIRECT

CONNECT BETWEEN THE FUNDS AND THE LOANS THAT WE HAVE TAKEN? MR. LUKIC: THERE'S NOT A DIRECT CONNECT. THERE IS AN INDIRECT CONNECTION. COMMISSIONER HOLNESS: SO IT WASN'T BECAUSE OF THIS WHY WE DID THAT. MR. LUKIC: THAT'S CORRECT. COMMISSIONER HOLNESS: STRUGGLING. RESIDENTS, OKAY. HERE'S A CITY THAT'S

RESIDENTS OF BROWARD COUNTY, ALL RESIDENTS, ALL BROWARD COUNTY RESIDENTS, BECAUSE THEY'RE OUR

RESIDENTS, THOUGH THEY MIGHT BE IN AN UNINCORPORATED AREA, THEY'RE STILL RESIDENTS OF BROWARD COUNTY, THAT IS STRUGGLING, THAT HAS MADE GREAT EFFORTS TO BALANCE -- THE RESIDENTS OF THAT CITY ARE BEING TAXED AT 9.5 MILL, OKAY, ALMOST THE MAXIMUM THAT THEY CAN DO IT. THEY'RE CARRYING THE BURDEN TODAY OF WORKING TO MEET THE OBLIGATIONS THAT THE THEY HAVE THAT ARE IN THE PAST THAT THEY

11

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

WEREN'T ABLE TO MEET FOR WHATEVER REASON. THEY'RE NOW ON A PATH GOING FORWARD OF FIXING THE ISSUE THAT THEY HAD, AND AT THIS POINT IN TIME, WE'RE SAYING: LET'S CLOSE THE DOOR. WE'LL CLOSE THE DOOR ON THEM BECAUSE THEY OWE US MONEY, OR WE WANT TO USE AN INTEREST RATE THAT IS HIGHER THAN THE SHERIFF HAD NEGOTIATED, AND JUST THIS MORNING WE HAD CONVERSATIONS ABOUT THE DEAL -- THE CONTRACTS PREVIOUS WAS WITH THE SHERIFF'S OFFICE. AND OTHER DEALS, WE'RE NOT COMING IN TO RESTRUCTURE THE DEALS, BUT ON THIS ONE, WE WANT TO RESTRUCTURE IT TO CHARGE THEM HIGHER INTEREST RATE TO SOME FOLKS WHO ARE ALREADY STRUGGLING, WHO ARE DOWN. WE WANT TO KICK THEM SOME MORE. THAT DOESN'T SEEM -- YOU KNOW, WHEN WE HAVE A CHOICE

TO USE THE LOWER OR THE HIGHER INTEREST RATE, WE WANT TO CHOOSE THE HIGHER INTEREST RATE AT THIS POINT IN TIME. THIS MORNING, WE

TALKED ABOUT FORT LAUDERDALE OWING SEVEN MONTHS AT ABOUT $3.5 MILLION. NO MENTION MADE OF THEM PAYING ANY INTEREST ON THAT

MONEY. THIS CITY HAS STEPPED UP AND IS WILLING TO PAY THE INTEREST AND IS WILLING TO REPAY THE AMOUNT. THEIR RESIDENTS ARE WILLING TO CARRY THAT BURDEN AND NOT GO BANKRUPT BUT LIVE UP TO THEIR OBLIGATION. COOPER CITY, HOW WE DON'T GO RESTRUCTURE THAT DEAL OR FIND SOMEWAY TO TAKE THAT MONEY BACK? THEY'RE NOT LOOKING TO

PAY US BACK. THIS CITY IS, AND WE ARE NOT HERE FINDING SOMEWAY OR ARGUING SOME POINT AS TO HOW WE GO AND GET THAT MONEY, HOW WE SUE THEM OR DO WHATEVER IT IS THAT NEEDS TO BE DONE TO GET THOSE FUNDING BACK, BUT HERE IS A CITY, HERE'S A GROUP OF RESIDENTS AND A

12

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

PART OF OUR COMMUNITY THAT HAVE MODEST MEANS AND MODEST INCOMES. AND WE EITHER WANT TO WASH OUR HANDS OF THEM OR

CHARGE THEM A HIGHER RATE. WE CAN'T IGNORE THEM, FOLKS. THEY'RE OUR RESIDENTS. THEY'RE BROWARD COUNTY RESIDENTS. WE HAVE A

MORAL OBLIGATION TO HELP THESE FOLKS TO ENSURE THAT THEY CONTINUE ON THE PATH THAT THEY'RE GOING ON SO THEY CAN BE MADE WHOLE AGAIN AND THIS COMMUNITY CAN HAVE THE POLICE AND FIRE PROTECTION THAT THEY NEED BECAUSE IF THEY DON'T HAVE IT, WE WILL PAY FOR IT INDIRECTLY BECAUSE WHEN CRIME GOES UP IN THAT NEIGHBORHOOD AND THOSE COMMUNITIES, IT'S NOT GOING TO BE CONTAINED THERE. SPREAD THROUGHOUT BROWARD COUNTY. VICE MAYOR JACOBS: COMMISSIONER, YOU HAVE THE MOST INTERESTING WAY OF STOPPING YOUR REMARKS. I NEVER KNOW WHETHER YOU'RE TAKING A BREATH OR YOU'RE FINISHED. COMMISSIONER IT WILL BE

GUNZBURGER, BEFORE I RECOGNIZE YOU, I WANT TO TRY TO REDIRECT THE CONVERSATION BACK TO THIS AGENDA ITEM, AND THE ISSUE THAT'S BEEN RAISED BY COMMISSIONER LIEBERMAN IS REALLY AN ISSUE OF POLICY, AND TO THE DEGREE TO WHICH TO SUPPORT THE ITEM OR DON'T, THE IDEA IS THAT MONEY IS BEING GRANTED TO A CITY THAT IS COSTING US MORE, SO, IF, IN FACT, WE ARE GOING TO HEAD DOWN THE PATH THAT WE'RE GOING TO LOOK AT RECOUPING THE DEBT INTEREST AND NOT THE INVESTMENT INTEREST, THEN THAT MEANS THIS ITEM NEEDS TO GET DEFERRED WHILE THAT ISSUE IN ILA GETS WORKED OUT TO CHANGE BETWEEN US AND THE CITY. SO I'D LIKE TO TRY TO GET US TO MOVE IN THAT DIRECTION IF THAT'S,

13

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

IN FACT,

WHAT WE'RE GOING TO DO. THEN LET'S NOT TALK ABOUT THIS

SUBJECT OF WHETHER OR NOT WE'RE GOING TO APPROVE AN ILA IF IT'S, IN FACT, AN ISSUE ABOUT THE INTEREST RATE, AND, COMMISSIONER

GUNZBURGER, IF YOU DON'T MIND, I WOULD LIKE TO RECOGNIZE MR. LUKIC AS A POINT OF INFORMATION ON THIS ITEM. MR. LUKIC: YES. I NEED TO STRESS THE FACT THAT THIS PROPOSED ILA IS DESIGNED TO BENEFIT THE COUNTY. THE AGREEMENT

WITH -- THE AGREEMENT BETWEEN THE SHERIFF AND THE CITY IS EXISTENT. COMMISSIONER HOLNESS: IT'S NOT THIS. MR. LUKIC: IT IS NOT THIS. THIS IS AN AGREEMENT TO

PROVIDE SECURITY TO THE COUNTY TO BE ABLE TO COLLECT THE MONEY THAT THE CITY OWES THE SHERIFF, AND IT REALLY DOESN'T RELATE TO THE INTEREST RATE. IT DOESN'T RELATE TO THE AGREEMENT OTHER THAN TO PROVIDE SECURITY TO THE COUNTY. SO I WOULD SUGGEST THAT IT'S

IMPORTANT FOR US, I BELIEVE, TO MOVE THIS ITEM FORWARD. IF WE HAVE AN ISSUE WITH THE INTEREST RATE BETWEEN THE SHERIFF AND

LAUDERDALE LAKES, I THINK WE NEED TO ADDRESS THAT WITH THE SHERIFF AND TELL THE SHERIFF TO GO RENEGOTIATE THE INTEREST RATE. WOULD BE MY RECOMMENDATION. VICE MAYOR JACOBS: THANK YOU, MR. LUKIC. THAT

COMMISSIONER GUNZBURGER. COMMISSIONER GUNZBURGER: I HAVE AN ISSUE WITH THE ISSUE. I HAPPEN TO HEAR COMMISSIONER RITTER EXPRESS MY FEELINGS. I REALLY HAVE BROUGHT THIS UP ALMOST EVERY TIME WHEN WE HAVE TO

14

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

FORWARD A PAYMENT, BUT I HAVE BEEN ASSURED IN THE PAST THAT THE MONEY WAS THERE. I KNOW THE MONEY ISN'T THERE FOR THE OCTOBER PAYMENT, IS IT? MR. LUKIC: NO, IT IS NOT. COMMISSIONER GUNZBURGER: THAT'S WHAT I KNOW. AND, FRANKLY, WHEN WE TALK ABOUT THE $9 MILLION DEBT, THERE IS AN EASY WAY THAT WE WON'T BE ON THE HOOK FOR IT. IF THEY GO BANKRUPT, THAT WIPES OUT THAT DEBT, AND IT WILL NOT COME BACK TO THE COUNTY TO HAVE TO WORRY ABOUT IF THEY BECOME UNINCORPORATED AGAIN. I AM NOT WILLING TO DO SOMETHING THAT I THINK IS ON THE BACK OF EVERY TAXPAYER, NOT JUST ONE CITY'S TAXPAYER, WHEN THEY DON'T HAVE THE MONEY. I RECOGNIZE THAT THEY'VE BEEN TRYING, BUT THERE IS A TIME THAT YOU HAVE TO CUT YOUR LOSSES, AND I THINK THAT WE HAVE BEEN VERY PATIENT AND VERY WILLING TO HELP THEM WHEN IT MADE SENSE, BUT IT NO LONGER MAKES SENSE. THERE ARE TOO MANY TAXPAYERS OUT

THERE HURTING, AND WE HAVE A LOT OF AMENDMENTS ON THE NOVEMBER BALLOT THAT CAN VERY WELL AFFECT THE BOTTOM LINE OF WHAT THE TAXES WILL HAVE TO BE FOR ALL OF BROWARD COUNTY'S RESIDENTS IF THEY PASS, SUCH AS THE ONE THAT COMMISSIONER LIEBERMAN RAISED THIS MORNING. IF AMENDMENT 4 PASSES, IT WILL CUT OUR BOTTOM LINE

SIGNIFICANTLY, AND THAT'S NOT THE ONLY ONE THAT WILL CUT OUR BOTTOM LINE SIGNIFICANTLY. THERE ARE ABOUT SIX OF THEM THAT WILL CUT OUR BOTTOM LINE SIGNIFICANTLY, AND I'M NOT WILLING TO TAKE ON MORE DEBT ON BEHALF OF ALL OF THE COUNTY BECAUSE OF A CITY THAT MISMANAGED

15

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

ITS FUNDS. VICE MAYOR JACOBS: THANK YOU, COMMISSIONER

GUNZBURGER. BEACH WE GO AROUND THE DAIS AGAIN, AND THE LIST IS STARTING TO STACK UP, I THINK IT'S IMPORTANT, A POINT THAT WAS MADE, THAT WE ALL GET THIS BACK IN PERSPECTIVE, WHICH IS CONSIDER WHAT THE CITY OF FORT LAUDERDALE OWES US AND IS UNWILLING TO SIT DOWN AND TALK ABOUT. THIS IS A CITY THAT'S ENTERED INTO AN AGREEMENT WITH US TO GIVE US THEIR AD VALOREM DOLLARS FIRST BEFORE THEY TAKE THEM. NOW I WOULD HAVE TO HAVE THAT KIND OF CONVERSATION WITH THE CITY OF FORT LAUDERDALE. THE CITY OF FORT LAUDERDALE IS BASICALLY

THUMBING THEIR NOSE AT THE COUNTY, AND SO THIS IS A CITY THAT FELL ON HARD TIMES, UNLIKE THE CITY OF FORT LAUDERDALE, I DON'T KNOW WHAT THEIR EXCUSE IS, BUT IT ISN'T BECAUSE OF THE POSITION THAT THIS CITY IS IN. SO THE IDEA THAT -- I THINK COMMISSIONER LIEBERMAN RAISES A VERY VALID POINT ABOUT THE DIFFERENCE IN THE RETURN OF THE DOLLARS ULTIMATELY THAT WERE PAID. THAT'S A GOOD CONVERSATION TO HAVE.

THE IDEA THAT WE WOULD NOT ACCEPT AN ILA FROM A CITY THAT'S GOING TO GIVE US BACK -- GIVE US THEIR AD VALOREM TAXES UP FRONT I THINK IS MISDIRECTED, AND SO I'M HOPING THAT AS THIS QUEUE IS GETTING LONGER AND WE'RE GOING TO START GOING AROUND AND REHASHING THIS OVER AND OVER AGAIN THAT ALL OF YOU CAN JOIN ME IN TRYING TO BRING THIS CONVERSATION TO A POINT SO WE CAN GET TO A VOTE ON IT. HAVING SAID THAT, COMMISSIONER LIEBERMAN, YOU ARE NEXT ON THE QUEUE FOLLOWED BY COMMISSIONER RITTER AND FOLLOWED AGAIN BY COMMISSIONER

16

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

HOLNESS. COMMISSIONER LIEBERMAN: LET ME PUT IT IN

PERSPECTIVE. FIRST OF ALL, IF THE CITY DECIDES TO DEANNEX, IF THE CITY DECIDES TO DEANNEX UNDER ARTICLE VIII OF THE CONSTITUTION, THEY HAVE TO MAKE A PROVISION FOR PAYING ALL THEIR CREDITORS INCLUDING US. SO THEY CAN'T JUST WALK AWAY FROM THE DEBT UNLESS THEY FILED FOR BANKRUPTCY, BUT THEY CAN'T DO IT BY DEANNEXING. WE HAVE AN MsTU. THERE IS A WAY TO GET PAID FOR THESE SERVICES. YOU HAVE AN

MsTU IN UNINCORPORATED AREAS AND IT'S WHAT YOU PUT IN THOSE SERVICES THAT THEY PAY FOR. AS FAR AS A MORAL OBLIGATION, HERE IS THE ISSUE. I'M NOT SUGGESTING WE DON'T PASS THE ITEM THAT'S IN FRONT OF US. I RECOGNIZE TWO OF MY COLLEAGUES HAVE A SIGNIFICANT

PROBLEM WITH IT BUT THIS ITEM ONLY TAKES YOU TO JANUARY OF 2013, AND I WOULDN'T STOP WHAT'S HAPPENED. I'M JUST SAYING, GOING FORWARD, I DON'T KNOW THAT YOU DON'T GO AFTER FORT LAUDERDALE FOR INTEREST. I DON'T KNOW THAT -- COOPER CITY, THE INTEREST IS -- NOT THAT THEY HAVEN'T PAID, BUT THE SHERIFF WHO NEGOTIATED THAT CONTRACT GAVE THEM A LOSS LEADER CONTRACT. THE PROBLEM IS, THE BOARD IS ON THE HOOK BECAUSE WE DON'T GET TO APPROVE -- OR IT WASN'T EVEN THIS SHERIFF, THAT'S TRUE. WE DON'T GET TO APPROVE OR DISAPPROVE THOSE CONTRACTS. THE Best WE GET TO DO IS WE SAY TO EVAN IS THAT REVENUE AND EXPENSE NEUTRAL AND HE'S SUPPOSED TO GO LOOK AT THAT BECAUSE WE PUT THE APPROPRIATION IN BUT WE DON'T EVER GET TO APPROVE THE CONTRACT, AND LAUDERDALE LAKES MAY NOT G BE THE ONLY CITY THAT'S IN

17

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

FINANCIAL TROUBLE.

SO I JUST THINK WE'VE NEVER HAD A POLICY

DISCUSSION. THERE'S TWO WAYS TO CHARGE. YOU CAN CHARGE BASED ON WHAT WE PAY -- WHAT WE GET BACK WHEN WE INVEST OR THE CHARGE -- ACTUALLY THERE'S THREE WAYS, OR THE CHARGE CAN BE BASED ON WHAT IT COSTS US TO BORROW THAT AMOUNT OF MONEY OR THE HYBRID OF THE TWO. I'M JUST SAYING I WOULDN'T AUTOMATICALLY GO WITH THE 1.09 PERCENT WHICH IS WHAT STAFF TELLS ME IS THE CURRENT POOLED CASH INVESTMENT RATE AS OF SEPTEMBER 21ST, 2012. VICE MAYOR JACOBS: WHICH IS NOT STATIC, WHICH CAN GO DOWN. COMMISSIONER LIEBERMAN: RIGHT, EXACTLY. I'M JUST

SAYING IT'S A DISCUSSION ITEM GOING FORWARD. THERE WILL BE SEVEN OF YOU STILL HERE. IT'S SOMETHING YOU OUGHT TO DISCUSS BEFORE THIS ILA MATURES IN JANUARY OF 2013, AND, VICE MAYOR, I'LL BE GLAD TO MOVE THE ITEM BECAUSE I THINK THE OTHER ITEM IS A BIGGER PICTURE DISCUSSION, BUT IT CAME UP -- THE REASON I PULLED THE ITEM IS BECAUSE WHEN I WENT THROUGH IT, I REALIZED THAT IT'S GOING TO BE A GOOD FIVE YEARS THAT THIS MONEY -- IT'S NOT EACH GOING TO GET PAID BACK IN YEAR FIVE UNLESS THEY GET SOMEBODY ELSE TO BORROW MONEY FROM, AND SO WE TALKED EARLIER THIS MORNING, WHICH YOU MISSED COMMISSIONER RITTER'S CONSISTENCY WHERE THE 911 SERVICES HAVE BEEN PAID FOR

INCONSISTENTLY, AND I DON'T WANT TO GO DOWN THAT SAME ROAD. VICE MAYOR JACOBS: THANK YOU. COMMISSIONER LIEBERMAN: AND SO IF COMMISSIONER

18

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

HOLNESS WANTS BECAUSE IT IS HIS DISTRICT TO MOVE IT, I'LL SECOND IT, BUT I'M JUST SAYING GOING FORWARD, YOU NEED TO HAVE THAT DISCUSSION. VICE MAYOR JACOBS: THANK YOU. COMMISSIONER RITTER. COMMISSIONER RITTER: THANK YOU. I AGREE WITH YOU

COMPLETELY. I DON'T THINK ANY ONE OF THE MEMBERS OF THIS BOARD WOULD TELL YOU -- NOT THAT I KNOW FOR A FACT, BUT WOULD TELL YOU THAT THEIR SATISFACTION WITH WHAT'S GOING ON WITH THE CITY OF FORT LAUDERDALE. I CAN TELL YOU WITHOUT EQUIVOCATING THAT MS. HENRY IS NOT REAL THRILLED ABOUT IT. IT'S JUST ONE OF THOSE THINGS THAT JUST DOESN'T GET MOVED. HAVING SAID THAT, IT IS NOT THAT I DO NOT FEEL FOR THE RESIDENTS OF THE CITY OF LAUDERDALE LAKES. IT IS NOT THEIR

FAULT. I UNDERSTAND THAT. I UNDERSTAND THEY'RE OF MODEST MEANS, BUT I ALSO UNDERSTAND THAT IT WASN'T THIS BOARD THAT TAXED THOSE RESIDENTS 9.5 MILLS. JUST TO GET OUT OF THAT HOLE. IT'S THE CURRENT LEADERSHIP THAT DID THAT AND THERE DOESN'T SEEM MUCH INTEREST TO CHANGE THAT LEADERSHIP. THERE'S A WHOLE HOST OF ISSUES WITH

RESPECT TO AT AGREEMENT IN PARTICULAR, MR. LUKIC, YOU SAID IT WAS SECURITY TO THE COUNTY UCHLT JUST DON'T THINK THE COUNTY SHOULD BE INVOLVED IN THIS IN THE FIRST PLACE. IT SHOULD BE BETWEEN BSO AND THE CITY OF LAUDERDALE LAKES. THEY PROVIDE PUBLIC SAFETY SERVICE, NOT THE COUNTY. I DON'T THINK WE SHOULD BE INVOLVED. AND TO MAKE A COMMENT WHICH I AGREE WITH THAT THERE SHOULD BE SOME NEGOTIATION WITHIN THE SHERIFF, I'D TRULY LIKE TO BE IN THE ROOM WHEN

19

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

THAT CONVERSATION IS TAKING PLACE BECAUSE WE'RE GOING TO LOOK AT BLANK FACES ON THE OTHER SIDE. I'M NOT SURE THERE'S GOING TO BE A WHOLE LOT OF NEGOTIATION BECAUSE THAT'S JUST NOT HOW IT SEEMS TO WORK WITH RESPECT TO THE COUNTY AND PUBLIC SAFETY. SO SAYING IT IS GREAT, WE SAY IT EVERY YEAR, BUT IT DOESN'T HAPPEN BECAUSE WE CAN'T MAKE IT HAPPEN. SO, AGAIN, IT'S JUST -- THIS IS JUST I THINK A -- IT IS TIME TO SAY -- AND I REALIZE IT'S SECURITY TO US. YOU KNOW, IT'S WHATEVER IT IS, BUT, AGAIN, I JUST DON'T THINK WE SHOULD BE INVOLVED IN THE FIRST PLACE. IT SHOULD NOT BE AN ISSUE BETWEEN THE COUNTY AND THE CITY. IT SHOULD BE AN ISSUE BETWEEN LAUDERDALE LAKES AND BSO. LET THEM GO RENEGOTIATE THIS. LET THEM NEGOTIATE THE INTEREST RATE AND

JUST TAKE IT OFF THE COUNTY'S PLATE. IT IS AN OBLIGATION THAT I DO NOT BELIEVE IS MORAL, COMMISSIONER HOLNESS. YOU KNOW, WHEN YOU'RE

TALKING TO A LIBERAL DEMOCRAT HERE WITH HIR HEART THAT BLEEDS ON HER SHOULDER, SO I DON'T APPRECIATE BEING CALLED IMMORAL IF I CHOOSE NOT TO VOTE FOR THIS AND I THINK FOR YOU IT'S THE RIGHT THING TO DO. I'M NOT SAYING THAT HELPING THESE PEOPLE ISN'T THE RIGHT THING. JUST DON'T THINK THIS IS THE WAY TO DO IT. VICE MAYOR JACOBS: COMMISSIONER HOLNESS TO CLOSE. COMMISSIONER HOLNESS: YES. WE TALKED ABOUT I

BANKRUPTCY. IN MY UNDERSTANDING, IF YOU FILE FOR BANKRUPTCY, WHAT HAPPENS IS YOU WIPE OUT YOUR DEBTS, AND IF WE'RE TO DO THAT OR GET RESTRUCTURED, IT'S GOING TO BE RESTRUCTURED IN SUCH A WAY THAT WOULD TAKE LONGER. MR. LUKIC, THE ORIGINAL AMOUNT OF THIS DEBT

20

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

THAT WE HAD WAS $9 MILLION? MR. LUKIC: APPROXIMATELY 9.1 MILLION, YES. COMMISSIONER HOLNESS: AND THEY PAID 1 MILLION OF IT ALREADY LUKE LOOK AS A RESULT OF LAST YEAR, THEY PAID 1 MILLION OFF THE PRINCIPLE. COMMISSIONER HOLNESS: AND THIS COMING YEAR, THE

PLAN IS TOO U PAY ANOTHER MILLION DOLLARS. MR. LUKIC: THE SCHEDULED PAYMENTS ARE $1,150,000. COMMISSIONER HOLNESS: FOR THE NEXT YEAR. MR. LUKIC: YES. COMMISSIONER HOLNESS: SO THEY'VE PAID DOWN A

MILLION OF THE 9 MILLION. SO TODAY IT'S 8.1 MILLION? MR. LUKIC: ROUGHLY, YES. COMMISSIONER HOLNESS: AND THE POINT OF THIS

AGREEMENT IS THAT WE ARE IN RECEIPT OF THOSE AD VALOREM TAXES. THE SHERIFF IS NOT. THE COUNTY IS. SO IN ORDER FOR US TO CREATE AM I

THE SECURITY FOR THE COUNTY, WE'RE PUTTING THIS IN PLACE; CORRECT, SIR? MR. LUKIC: THAT'S MY UNDERSTANDING, YES. COMMISSIONER HOLNESS: OKAY. SO -AND

THIS

AGREEMENT, AGAIN, HAS NOTHING TO DO WITH THE INTEREST RATE THAT'S BEING CHARGED TO THE CITY? MR. LUKIC: THAT'S CORRECT. COMMISSIONER HOLNESS: IT'S A SEPARATE AGREEMENT?

21

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

MR. LUKIC: YES. COMMISSIONER HOLNESS: OKAY. ALL RIGHT. WITH THAT, I'LL MOVE THE ITEM. COMMISSIONER LIEBERMAN: SECOND. VICE MAYOR JACOBS: OKAY. THE ITEM HAS BEEN MOVED AND SECONDED. ANY FURTHER COMMENTS? FAVOR, SIGNIFY BY SAYING AYE. OPPOSED? NO VOTES. SEEING NONE, ALL THOSE IN LET THE RECORD SHOW TWO WE DID

THAT CONCLUDES THE REGULAR PUBLIC HEARING.

NONAGENDA AND ALL OF THAT EARLIER, BUT COMMISSIONER RITTER WASN'T HERE, SO I'D LIKE TO INVITE HER TO THE FLOOR. COMMISSIONER INDULGENCE. RITTER: THANK YOU FOR YOUR

I WAS AT THE NORTHWEST REGIONAL LIBRARY LAST IT'S IN CORAL SPRINGS,

THURSDAY MORNING, FILM AND A COFFEE.

MS. HENRY, PERHAPS YOU'RE FAMILIAR WITH IT. I KNOW YOU DON'T GET OUT THERE VERY OFTEN BUT I LIVE OUT THERE. I WAS TALKING TO LAURA CON NERS WHO IS THE ASSISTANT REGIONAL LIBRARY DIRECTOR, REALLY LOVELY WOMAN, REALLY KNOWLEDGEABLE, VERY, VERY IMPRESSED WITH WHAT'S GOING ON OUT THERE, BUT WHILE WE WERE CHATTING, A WOMAN, AN OLDER WOMAN CAME OUT AND SAID THAT THERE WAS SOMEBODY ILL IN THE LADIES' ROOM, AND THERE WAS -- IT LOOKED LIKE SOMEONE HAD BEEN CUT. THERE WAS. BOARD MEMBER: BLOOD. COMMISSIONER RITTER: YES, THERE WAS, AND LAURA WENT IN THERE AND ASKED THE WOMAN IF SHE NEEDED ASSISTANCE AND IT

22

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

TURNED OUT THAT THE WOMAN WAS HAVING A MISCARRIAGE, AND I TELL YOU THIS ONLY TO TELL YOU THAT MS. CONNORS WAS AS COOL UNDER FIRE AS ANY HUMAN BEING I HAVE SEEN. SHE VERY CALMLY SAID: PLEASE CALL

911, AND SHE WENT IN AND SHE HELD THIS WOMAN'S HAND DURING THE TIME IT TOOK FOR THE PARAMEDICS AND THE POLICE OFFICERS TO GET THERE. IT WAS JUST REALLY -- IT WAS AS DIFFICULT AN EXPERIENCE IS WAS AND IT OBVIOUSLY WAS UNCOMFORTABLE, THE FACT THAT SHE'S NOT ONLY A GREAT LIBRARY DIRECTOR, BUT SHE IS ABLE TO TAKE SOMEONE IN A VERY, VERY STRESSFUL SITUATION, AND THIS WOMAN WAS FROM LEE COUNTY, BY THE WAY. SHE DIDN'T EVEN LIVE HERE. NO FAMILY AROUND HER, AND TO JUST HOLD HER HAND DURING THE COURSE OF THE PARAMEDICS GETTING THIS WOMAN AND PUTTING HER ON THE TRUCK TO TAKE HER TO THE HOSPITAL, IT WAS JUST -- YOU KNOW, WE TALK ALL THE TIME ABOUT OUR EMPLOYEES DOING TWO OR THREE JOBS BECAUSE OF BUDGET CUTS. WELL, THIS

WOMAN CLEARLY KNOWS HER JOB AND A WHOLE BUNCH MORE, AND I JUST THINK IT WAS REALLY NICE TO SEE, AND I THANK HER AND ALL THE STAFF OUT THERE FOR EVERYTHING THEY DO NOT ONLY FOR US BUT FOR THIS WOMAN WHO WAS IN DISTRESS. INDULGENCE. VICE MAYOR JACOBS: YOU ARE SO WELCOME. THANK YOU. AGAIN, THANK YOU FOR YOUR

COMMISSIONER SHARIEF, YOU U HAD A COMMENT. COMMISSIONER SHARIEF: YES, I DO. MY NONAGENDA IS

THAT I WOULD LIKE TO INVITE EVERYONE OUT THERE WHO IS LISTENING TO THE FOSTER PARK COMMUNITY CENTER GRAND OPENING AND RIBBON

23

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

CUTTING CEREMONY. IT'S GOING TO BE THIS SATURDAY, SEPTEMBER THE 29TH FROM 10 A.M. TO NOON AND IT'S AT 609 NORTHWEST 6TH AVENUE IN HAL DAY BEACH, FLORIDA, 33309. THAT'S THE FOSTER PARK COMMUNITY

CENTER. AND IF YOU GET A CHANCE TO COME, IT IS AN AMAZING CENTER FOR THE CHILDREN AND FAMILIES IN THAT AREA. I WOULD ALSO (YOU HAD) LIKE TO THANK MY COLLEAGUES FOR SUPPORTING THE ITEM LAST COMMISSION MEETING TO PROVIDE THE $5,000 FOR THE BOOKS FOR THIS CENTER. YOU KNOW, THIS IS AN AREA WHERE IT WAS VERY MUCH NEEDED, AND I'M NOT RUNNING FOR RE-ELECTION FOR TWO YEARS, SO IT'S NOT BECAUSE I WANT TO GET RE-ELECTED AGAIN, BUT BASICALLY BECAUSE I FEEL THERE'S A NEED IN THIS PARTICULAR COMMUNITY, AND I DO APPRECIATE THE FACT THAT YOU GOVERN WITH YOUR HEAD AND WHAT YOU FEEL LIKE IS RIGHT VERSUS HEADLINES IN NEWSPAPERS, AND I'M JUST WANTING TO HUMBLY THANK YOU FOR SUPPORTING THE ITEM, SUPPORTING THESE CHILDREN AND THESE FAMILIES AND FOR GIVING ME THE OPPORTUNITY TO DO SOMETHING DIFFERENT, INNOVATIVE AND NEW TO SUPPORT THE COMMUNITY, AND ON THAT NOTE FURTHER, I DON'T THINK THAT THINGS THAT PEOPLE DID WITH MONEY PRIOR TO MY COMING HERE OR PRIOR TO THE OTHER COMMISSIONERS COMING HERE OR PRIOR TO ANY OF THE ONES SITTING ON THE DAIS COMING HERE SHOULD BE HELD AGAINST US. I DON'T KNOW WHAT PEOPLE DID IN PALM BEACH. I DON'T KNOW WHAT PEOPLE DID IN MIAMI. I DON'T EVEN KNOW HALF THOSE PEOPLE THAT THEY TALK ABOUT. I KNOW THAT THE PEOPLE SITTING UP HERE ON THE DAIS WITH ME I HAVE THE UTMOST CONFIDENCE AND FAITH IN THEM THAT THEY'RE GOING TO DO THE

24

CAPTIONER'S NOTES -- SEPTEMBER 27, 2012

RIGHT THING WITH THAT TOOL THAT WAS GRANTED TO THEM, AND SO WITH THAT, I JUST WANT TO SAY HUMBLY THANK YOU AND I'M LOOKING FORWARD TO ANOTHER TWO YEARS BEFORE I HAVE TO RUN FOR RE-ELECTION AND LOOKING FORWARD TO SERVING WITH YOU WITH INTEGRITY AND RESTORING THE FAITH IN THIS COMMISSION. THANK YOU. VICE MAYOR JACOBS: THANK YOU, COMMISSIONER. ALL

RIGHT. WITH THAT, WE ARE ADJOURNED. THANK YOU, EVERYBODY. (2:42 P.M.)

25