7/6/1977 - Laserfiche WebLink

Home Browse Search

ATTORNEY COLLINS STATED THAT HE WOULD LIKE TO HAVE AUTHORIZATION TO'PROCEED TO PUBLISH THE HOME RULE ORDINANCE AS SOON AS HE RECEIVES IT. ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER SIEBERT, THE BOARD UNANIMOUSLY AUTHORIZED THE ATTORNEY TO PROCEED WITH THE ADVER- TISEMENT OF THE HOME RULE ORDINANCE AS SOON AS POSSIBLE. ATTORNEY COLLINS DISCUSSED THE BORROWING OF AN ADDITIONAL $200,000 FOR THE SANITARY LANDFILL START-UP OPERATION. CHAIRMAN WODTKE INQUIRED IF THIS AMOUNT WOULD BE SUFFICIENT, AND ATTORNEY COLLINS FELT THAT IT WOULD. ADMINISTRATOR JENNINGS INFORMED THE BOARD OF THE NEED FOR A SPECIAL PIECE OF EQUIPMENT FOR THE LANDFILL OPERATION, WHICH HE FELT SHOULD BE INCLUDED IN THE TOTAL COST OF THE LANDFILL. HE STATED THAT HE WILL DISCUSS THE MATTER WITH THE ENGINEERS, BUT HE FEELS THIS PIECE OF EQUIPMENT IS ALMOST A It MUST, It NOTING THAT LAST MONTH WE PAID ALMOST $18,000 RENTAL ON A 20-22 CUBIC YARD SCRAPER. HE POINTED OUT THAT A SMALLER MACHINE WOULD DOUBLE THE OPERATOR S TIME, AND NOTED THAT, ALTHOUGH SUCH A PIECE OF EQUIP- MENT WILL COST APPROXIMATELY $180,000, AT A RENTAL OF $18,000 A MONTH ($150.00 AN HOUR), IT WOULD BE PAID FOR IN TEN MONTHS. ATTORNEY COLLINS STATED THAT SINCE THE BOARD PREVIOUSLY ADOPTED A RESOLUTION SETTING A NOTE CEILING OF $850,000, THEY HAVE THE AUTHORITY TO ISSUE A $200,000 NOTE AT THIS TIME. HE REQUESTED THAT THE BOARD AUTHOR- IZE THE CHAIRMAN AND THE CLERK TO SIGN THE FOLLOWING DOCUMENTS: 1) COUNTY OF INDIAN RIVER REVENUE AND GENERAL OBLIGATION NOTE #2 IN THE AMOUNT OF $200,000, BEARING 4.65% INTEREST PER ANNUM, 2) INCUMBENCY CERTIFICATE 3) CERTIFICATE OF DELIVERY AND PAYMENT 4) ARBITRAGE CERTIFICATE , 5) SIGNATURE AND IVO LITIGATION CERTIFICATE ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER DEESON, THE BOARD UNANIMOUSLY AUTHORIZED THE CHAIRMAN AND CLERK TO SIGN THE DOCU- MENTS LISTED ABOVE AS REQUESTED BY THE ATTORNEY. ROBERT MACWILLIAM, VICE PRESIDENT OF FIRST CITRUS BANK OF INDIAN RIVER COUNTY, ACCEPTED THE NOTE FOR THE BANK AND DELIVERED TO THE CHAIRMAN A CERTIFIED CHECK FOR $200,000. LEGAL OPINION OF THE BOND COUNSEL IS HEREBY MADE A PART OF THE MINUTES ALONG WITH ALL THE DOCUMENTS LISTED ABOVE. 21 �f n�1 f r BOOK 3O - PAGE igg L