ATLANTA -- Reacting to tremendous pressure from the municipal bond industry, Brevard County, Fla., commissioners in a narrow three-to-two vote Tuesday canceled a referendum on a certificates of participation deal sold in 1989.

The board's vote came despite citizens groups' protests against the lease issue. It also featured a change of heart by the commission's chairwoman, Sue Schmitt, who cast the deciding vote and reversed the board's earlier decision to allow voters to pass judgment on the lease securing the $23.9 million deal.

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