8/5/1981 - Laserfiche WebLink

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BOOK n AUG 51981 BOND ISSUES, DECIDED ON A FEE OF $500 WITH THE APPLICATION AND A SUM TOTAL OF 1/2 OF 1% UP TO A CERTAIN AMOUNT, ANY MONEY NOT USED BY THE COMMISSION TO BE REFUNDED TO THE APPLICANT. MR. NORTON CONTINUED THAT THE RECOMMENDATION OF AUGUST 3RD REQUIRES A COMMITMENT TO TAKE-OUT BY THE FIRST STATE BANK OF -MIAMI, AND HE WOULD LIKE TO SEE THAT CHANGED TO INCLUDE THE SOUTHEAST BANK OF MIAMI AS WELL BECAUSE BOTH OF THEM ARE BIDDING ON THE BONDS AT THIS TIME. THE BOARD AGREED THAT THE MAIN THING WAS TO REQUIRE.A TAKE-OUT LETTER AND THE PARTICULAR BANK COULD BE LEFT FLEXIBLE. ON MOTION BY COMMISSIONER BIRD, SECONDED BY COMMISSIONER SCURLOCK, COMMISSIONER FLETCHER VOTED IN OPPOSITION, THE BOARD BY A 4 TO 1 VOTE ESTABLISHED THE APPLICATION FEE FOR AN INDUSTRIAL REVENUE BOND ISSUE AT A MINIMUM OF $500 OR 1/2 OF 1% OF THE REVENUE BOND APPLICA- TION WITH ALL AMOUNTS NOT USED TO BE RETURNED TO THE APPLICANT, MOTION WAS MADE BY COMMISSIONER BIRD, SECONDED BY COMMIS- SIONER SCURLOCK,.TO ADOPT RESOLUTION 81-54 AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF AGREEMENT WITH RAMPMASTER INCORPORATED WITH RESPECT TO FINANCING A PROJECT CONSISTING OF THE ACQUISITION AND EQUIPPING OF AN INDUSTRIAL OR MANUFACTURING PLANT TO BE LOCATED IN INDIAN RIVER COUNTY, FLORIDA; AND THE ISSUANCE AND SALE OF INDIAN RIVER COUNTY INDUSTRIAL DEVELOPMENT REVENUE BONDS, IN AN AGGREGATE PRIN- CIPAL AMOUNT OF NOT TO EXCEED $850,000 FOR THE PURPOSE OF FINANCING ALL OR A PORTION OF THE COST OF SAID PROJECT; ALL PURSUANT TO CHAPTER 159, PARTS II AND III, FLORIDA STATUTES. COMMISSIONER FLETCHER STATED THE HE LIKES METALWORK AND HAS NOTHING AGAINST THIS COMPANY, BUT HIS PERSONAL FEELING IS THAT THIS IS NOT THE PRINCIPAL FUNCTION OF GOVERNMENT AND THAT THE ENERGY EXPENDED BY THE STAFF AND COMMISSIONERS WILL NOT BE OFFSET BY THE FEE AMOUNT. THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND CARRIED 4 TO 1 WITH COMMISSIONER FLETCHER VOTING IN OPPOSITION.