5/7/1980 - Laserfiche WebLink

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If your office needs any further information on this, please contact the undersigned. Yours truly, SIGNAL CONSTRUCTION•COMPANY, INC. Don Copeland GENERAL CONTRACTORS DLC : ed SPECIALTY INDUSTRIAL CONTRACTORS 33 Commerce Way cc: Mr. Charles Connery, Peter B. Smith Assoc. Jupiter (305) 746-8636 Jupiter, Florida 33458 Mr. Neil Nelson, Indian. River County Miami (305) 947-2259 HE CONTINUED THAT HIS CLIENT WILL BE RESPONSIBLE AND OBLIGATED TO MAKE PAYMENT OF ANY SHORT FALL, IF IT OCCURS, ATTORNEY COLLINS COMMENTED THAT THE BOARD IS DEALING WITH A PARTNERSHIP, RATHER THAN A CORPORATION, AND HE THOUGHT PETER B. SMITH WAS CAPABLE OF PAYING FOR THE SIGNALIZATION. THE BOARD THEN ASKED FINANCE OFFICER BARTON'S OPINION ON THE REQUEST MADE BY ATTORNEY DARLSON THAT THE $30,000 BE INVESTED IN CERTIFICATES OF DEPOSIT FOR ]Z MONTHS AND IN INCREMENTS OF 30 DAYS THEREAFTER UNTIL THE JOB IS COMPLETED, RATHER THAN A PASSBOOK SAVINGS ACCOUNT, FINANCE OFFICER BARTON FELT THERE WOULD BE NO PROBLEM.. ATTORNEY COLLINS FRANKLY DID NOT KNOW WHAT ELSE THE DEVELOPER COULD OFFER THE COUNTY IN THE WAY OF ASSURANCES. MOTION WAS MADE BY COMMISSIONER LYONS, SECONDED BY COMMIS- SIONER DEESON, THAT THE BOARD ACCEPT THE PROPOSITION THAT THE APPLICANTS MONEY FOR THE GUARANTEEING OF THE SIGNALIZATION BE PLACED IN ONE YEAR CERTIFICATES OF DEPOSIT TO DRAW INTEREST, THAT THE INTEREST ACCRUE TO THAT ACCOUNT EITHER FOR THE PURPOSE OF RETURNING THE DEPOSIT PLUS INTEREST AFTER THE SATISFACTORY COMPLETION OF THE SIGNALIZATION, OR IF THE SIGNALIZATION IS NOT COMPLETED, BE USED AS, PART OF THE GUARANTEE FOR COMPLETION, HAVE THE APPLICANT PREPARE THE APPROPRIATE CONTRACT FOR REVIEW BY THE ATTORNEY, AND AUTHORIZE THE SIGNATURE OF THE CHAIRMAN. COMMISSIONER WODTKE WANTED IT UNDERSTOOD THAT AT THE TIME OF INSTALLATION OF THE SIGNAL, IT WILL MEET DOT AND INDIAN RIVER COUNTY REQUIREMENTS. THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND CARRIED UNANIMOUSLY. M O B��K 4.3, PAG 41