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RESOLUTION NO. 78-44 <br />WHEREAS, INDIAN RIVER COUNTY has contracted to purchase <br />all of the assets of URBAN DEVELOPMENT UTILITIES, INC. for a <br />cash payment of SEVENTY FIVE THOUSAND DOLLARS ($75,000.00), <br />plus reasonable and necessary expenses; and <br />WHEREAS, because of certain title defects it may be <br />necessary to escrow FORTY FIVE THOUSAND DOLLARS ($45,000.00) <br />until such time as the title defects are corrected; and <br />WHEREAS, it is in the best interests of the people of <br />Gifford and of Indian River County to proceed with the closing <br />as expeditiously as possible; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, That the Board <br />authorizes its appropriate County Officials to sign necessary <br />documents to consummate the closing of the purchase of URBAN <br />DEVELOPMENT UTILITIES, INC. assets pursuant to that Contract <br />between the parties; and <br />BE IT FURTHER RESOLVED, That the Chairman is authorized <br />to escrow such funds as are necessary in order to consummate <br />the transaction yet protect the interests of the County. <br />Said Resolution shall become effective as of the 7th <br />day of June , 1978. <br />BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA. <br />By Q �' <br />William C. Wodtke,. r., Chairman <br />Attest: <br />Freda Wright, C]6rk <br />rA <br />JUN 7 197 goo 35 Fac; <br />