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1 <br /> RESOLUTION NO. 2004- 101 <br /> 1. That pursuant to the Contract for Construction of Requirement <br /> Improvements between Windsor Properties, a Florida general partnership, and <br /> Indian River County, relating to Windsor Plat 25 P.D. which contract is <br /> numbered No. PD-03-01-06 (2002100039-34925), Windsor Properties has <br /> defaulted under the terms of the aforementioned Contract for Construction of <br /> Required Improvements, and that the amount of the draft represents the amount <br /> required by the County to fulfill the performance of said Contract for the <br /> Construction of Required Improvements. <br /> 2. Office of Management and Budget is directed to present this <br /> Resolution together with a sight draft marked "DRAWN ON IRREVOCABLE <br /> LETTER OF CREDIT NO. SM203748W OF WACHOVIA BANK, NATIONAL <br /> ASSOCIATION" to Wachovia Bank, National Association, International Division, <br /> 200 S. Biscayne Boulevard, Miami, Florida 33131, on or before September 24, <br /> 2004; with a copy of same faxed the same date to 336-735-0950. <br /> The resolution was moved for adoption by Commissioner Adams and <br /> the motion was seconded by Commissioner Neuberger , and, upon being put to <br /> a vote, the vote was as follows: <br /> Chairman Caroline D. Ginn Aye <br /> Vice Chairman Arthur R. Neuberger Aye <br /> Commissioner Fran B. Adams Aye <br /> Commissioner Thomas S. Lowther Aye <br /> Commissioner Kenneth R. Macht A <br /> ye2 <br /> FA\Attorney\Nancy\DOCS\RES\Reso calling windsor plat 25 loc.doc <br />