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RESOLUTION NO. 2005- 210 <br /> 1. That DILECO DEVELOPMENT, LLC has defaulted under the terms <br /> of the aforementioned Contract for Construction of Required Improvements. <br /> 2. The amount of the draft represents the amount required by the <br /> County to fulfill the performance of said Contract for Construction of Required <br /> Improvements. <br /> 3. Office of Management and Budget is directed to present a sight <br /> draft in the amount of $582,375.02 marked "DRAWN ON IRREVOCABLE <br /> LETTER OF CREDIT NO. 2004-20 OF FIRST NATIONAL BANK AND TRUST <br /> COMPANY OF THE TREASURE COAST" to First National Bank and Trust <br /> Company of the Treasure Coast, 3730 7th Terrace, Vero Beach, FL 32960 on or <br /> before January 5, 2006. <br /> The resolution was moved for adoption by Commissioner Neuberger, and <br /> the motion was seconded by Commissioner Davis , and, upon being put to <br /> a vote, the vote was as follows: <br /> Chairman Thomas S. Lowther Aye <br /> Vice Chairman Arthur R. Neuberger Aye <br /> Commissioner Wesley S. Davis Aye <br /> Commissioner Gary C. Wheeler Aye <br /> Commissioner Sandra L. Bowden Aye <br /> The Chairman thereupon declared the resolution duly passed and <br /> adopted this 13th day of December, 2005. <br /> BOARD OF COUNTY COMMISSIONERS <br /> INDIAN RIVER COUNTY, FLORIDA <br /> By 5 <br /> Thomas S. Lowther, Chairman <br /> ATTEST, Jeffrey K. Bart 6,n, Clerk <br /> By: �` APP 4AS- �! 06" <br /> Dgputy Clerk' ANDLap�ou l NGY <br /> By <br /> {lWCL1AM til.COLL NS if <br /> FAAttorney\Nancy\DOCS\RES\Reso calling oak hollow estates.doc COUMV ATTORNEY <br /> i <br />