5/1/1981 - Laserfiche WebLink

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Ej 'ON MOTION BY COMMISSIONER WODTKE, SECONDED BY COMMIS- SIONER SCURLOCK, THE BOARD BY A 4 TO 1 VOTE, COMMISSIONER FLETCHER VOTING IN OPPOSITION, APPROVED OUT -OF -COUNTY TRAVEL FOR CHAIRMAN LYONS AND ATTORNEY COLLINS TO GO TO NEW YORK CITY MAY 11-121 19811 IN CONNECTION WITH THE SOUTH COUNTY WATER SYSTEM BOND ISSUE. LEEDY CORPORATION RE ADDITIONAL FUNDS FOR COUNTY ADMINISTRATION COMPLEX ATTORNEY COLLINS REPORTED THAT WE HAVE ON THE AGENDA APPROVAL OF THE RESOLUTION FOR A $725,000 CAPITAL IMPROVEMENT BOND ISSUE, I.E., THE JUNIOR BONDS FOR THE COUNTY ADMINISTRATION COMPLEX RENOVATION, AND WILLIAM LEEDY IS HERE TO MAKE A PRESENTATION. MR. LEEDY WAS UNDER THE IMPRESSION THERE STILL WAS A CHANGE TO BE MADE IN THE BOND RESOLUTION, BUT FINANCE DIRECTOR BARTON INFORMED HIM THAT BOND COUNSEL HAS STATED THAT THE RESOLU- TION WILL HAVE TO STAY THE WAY IT WAS ORIGINALLY DRAWN RATHER THAN CHANGE IT AS PROPOSED BY THE FINANCE DIRECTOR. MR. LEEDY STATED THAT IN THAT CASE THE BOND RESOLUTION FOR THE RACETRACK BOND ISSUE WAS.READY FOR ADOPTION. ON MOTION BY COMMISSIONER SCURLOCK, SECONDED BY COMMISSIONER BIRD, THE BOARD UNANIMOUSLY ADOPTED RESOLUTION 81-31; A RESOLUTION PROVIDING FOR COMPLETION OF THE - - RECONSTRUCTION, ALTERATION, FURNISHING AND EQUIPPING OF A COURTHOUSE ANNEX IN INDIAN RIVER_COUNTY, FLORIDA; AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $725,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 1981, TO FINANCE THE COST THEREOF; AND PROVIDING FOR -.THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SUCH BONDS FROM -THE RACE TRACK FUNDS AND .JAI ALAI -FRONTON FUNDS -ACCRUING ANNUALLY TO INDIAN RIVER COUNTY, FLORIDA, -PURSUANT TO LAW, AND - CERTAIN INVESTMENT INCOME; PROVIDING -FOR -THE RIGHTS OF THE HOLDERS OF SAID BONDS. - ON MOTION BY COMMISSIONER WODTKE; SECONDED BY COMMISSIONER SCURLOCKt THE BOARD UNANIMOUSLY AUTHORIZED FILING OF THE VALIDATION SUIT IN REGARD TO THE.ABOVE BOND ISSUE. - MAY 619.81- 67 = 0 -48 PAGE 368