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<br /> <br /> <br /> <br />7.V. RN.2005-029–ATPIIP.D.–C <br />ESOLUTION O RBOR RACE HASE ALLING <br />LC–ATD,I. <br />ETTER OF REDIT RBOR RACE EVELOPMENT NC <br /> <br />ON MOTION by Vice Chairman Neuberger, SECONDED <br />by Commissioner Davis, the Board unanimously adopted <br />Resolution No. 2005-029 declaring default by Arbor Trace <br />Development, Inc. in its obligation to complete required <br />improvements to Arbor Trace – Phase II – P.D., and <br />authorizing staff to make sight draft against Wachovia <br />Bank, National Association Irrevocable Standby Letter of <br />Credit No. SM201393W dated December 20, 2002, as <br />amended. <br /> <br />COPIES OF CASH DEPOSIT AND ESCROW AGREEMENT AND MODIFICATIONS ARE ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br /> <br />7.W. S’OMU-FIN <br />HERIFFS FFICE ARINE NIT LORIDA NLAND AVIGATIONAL <br />D(FIND)GAFY2005-06 <br />ISTRICT RANT PPLICATION FOR ISCAL EAR <br /> <br />ON MOTION by Vice Chairman Neuberger, SECONDED <br />by Commissioner Davis, the Board unanimously <br />authorized the Chairman to sign the grant application for <br />$63,845.00 with a 50% match of $31,922.00 from the Law <br />Enforcement Forfeiture Trust Fund, as recommended in a <br />letter of February 25, 2005. <br /> <br />March 15, 2005 18 <br /> <br />