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RESOLUTION NO. 2001- 079 <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br /> 1. "That Hammock Lakes Associates, Ltd. has defaulted in its <br /> obligation to install sidewalks, or has defaulted in placing the appropriate asphalt <br /> on the roadway, and that the amount of the draft represents the amount required <br /> by the County to repair and defective facilities". <br /> 2. The Office of Management and Budget is directed to make sight <br /> draft marked "DRAWN UNDER IRREVOCABLE LETTER OF CREDIT NO. <br /> SB70004 OF ATLANTIC STATES BANK" and accompany the sight draft with <br /> this resolution. The draft must be presented not later than September 13, 2001 <br /> at the following address: Atlantic States Bank, 13525 Bell Tower Drive, Fort <br /> Myers, Florida 33907, Attn: Mr. Frank Woodward, Vice President. <br /> The resolution was moved for adoption by Commissioner Macht , and <br /> the motion was seconded by Commissioner Adams , and, upon being put to <br /> a vote, the vote was as follows: <br /> Chairman Caroline D. Ginn Aye <br /> Vice Chairman Ruth M. Standbridge Aye <br /> Commissioner Fran B. Adams Aye <br /> Commissioner Kenneth R. Macht Aye <br /> Commissioner John W. Tippin Aye <br /> 8/01 RESO(LEGAL)WGC/nhm 2 <br />