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RESOLUTTOII N(O. 80- 132 <br />A RESOLUTION ' 11r ISSUTANCE OF <br />GENERAL OBLIGATION NOTE OF INDIAN RIVER <br />COUNTY, FLORIDA NOT TO EXCEEM $300,000.00 <br />TO FINANCE ENGINEERING COSTS AND OTHER COSTS <br />RELATED TO TIIE ENTENSTON OF INDTAi`I RIVER <br />BOULEVARD <br />17 <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, that this Resolution is <br />adopted pursuant to provisions of Section 125.01, Florida <br />Statutes, and other applicable provisions of law; and <br />BE IT FURTHER RESOLVED that Indian River County is hereby <br />authorized to borrow by General Obligation Note, from The <br />First Citrus Bank of Indian River- County, THREE HUNDRED <br />THOUSAND DOLLARS ($300,000.00) to be paid back within one (1) <br />year from date from tax revenues that aro pledc)ed by the CoLint %'; <br />and <br />BE IT FURTHER RESOLVED that the apprnpri.ate off icer s- arcs <br />authorized to execute Lhe necussary duc:urlents, including the <br />General Obligation Note to The First Citrus Bank of Indian <br />River County; and <br />BE IT FURTHER RESOLVED that the funds derived from the <br />General Obligation Note shell he deposited in the COUNTY account <br />and used solely for engineering costs and other costs related <br />to the expansion of Indian River Boulevard. <br />Said Resolution shall become effective as of the 17th day <br />of December, 1980. <br />BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA <br />By: _ <br />I trickB. Lyo s, jeairman <br />Attest: <br />Freda Wright, Clrk <br />DEC 171980 800K 45 FAGE ��1 <br />