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October 4, 2004 Page 647 becoming a lien on the property included in the final subdivision map; (4) Monetary Advancement schedule to be used for final maps with 50 or more lots; and (5) Procedure for refunding excess payments when homes are not built on each lot within a subdivision. There was discussion regarding the two methods for collecting the advancement of school adequacy, specifically at the time the final plat is recorded or at the time building permits are issued. Issues addressed by the Board included funds for school construction, the establishment of a payment schedule for large developments, the possibility of placing liens on property, enforcement of the adequacy review within municipalities and the impact on builders and/or developers. UPON MOTION of Commissioner Carpenter, seconded by Commissioner Carruth with Chairman Freeman, Commissioners Carpenter, Carruth and Privette voting for and Vice Chairman Suggs voting against, the Board amended the Resolution to Create a Policy for the Advancement of School Adequacy to include a requirement that the advancement must be paid at the issuance of building permitting. Management Firms for the Arena and Events Center Mr. Downs reported that proposals were received from four companies for managing the Arena and Events Center. By consensus, the Board agreed to meet at 4:00 p.m. on November 8, 2004, at the Arena and Events Center with representatives from each of the four companies submitting a proposal. Each company will be allotted one hour for a presentation. The proposals will be forwarded to the Board for-review prior to the November 8tn meeting. Ad~ ournment There being no further business to come before the Board, Freeman adjourned the meeting a 10:07 p.m. Clerk to the Board Chairman