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Section 1. <br />The Applicant has legal authority to <br />execute a Loan Agreement with the Depart- <br />ment as contemplated by this Resolution. <br />Section 2. <br />The Applicant will comply with Chapter <br />74-168, Laws of Florida, and all Rules <br />and Regulations of the Department and <br />such other Federal, State, or local <br />agencies that are concerned with the <br />development and sale of proposed project, <br />and this Application will furnish all <br />information required by the Rules and <br />Regulations of the Department. <br />Section 3. <br />The Applicant will apply and use any <br />funds borrowed from the Department to <br />acquire, plan, design and construct <br />improvements on the land described <br />herein. <br />Section 4. <br />The following officers of the Applicant <br />and their address namely: <br />Community Development Director and <br />William C. Wodtke, Chairman <br />Board of County Commissioners <br />2121 - 14th Avenue, Vero Beach, <br />Florida, 32960 <br />are hereby authorized to represent the <br />Applicant with the Department on behalf <br />of the Applicant. <br />Section 5. <br />This Resolution shall take effect <br />immediately. <br />PASSED AND DULY ADOPTED <br />this 9th day of May , 1979. <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY FLORIDA <br />Ch an <br />ATTEST: <br />FREDA WRIGHT, Clerk, Circuit Court <br />Ex -Officio Clerk, Board <br />of County <br />Commissioners of Indian <br />River County, <br />Florida. <br />'/ / <br />By. <br />( <br />Clerk. <br />APP <br />OVED A 0 F AND <br />1 <br />ECUTION: <br />/A - <br />e <br />r' - <br />e . Collins, Jr., <br />Co my Attorney <br />Date: <br />MAY 91979 40 ?AGEr9 <br />