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JUL 111984 <br />BOND RESOLUTION - SR -60 WATERLINE <br />�q <br />BOOK ! PA, -F- <br />t, 693 <br />MOTION WAS MADE by Commissioner Wodtke, <br />SECONDED by Commissioner Bird, that the <br />Board adopt Resolution 84-48, authorizing the <br />issuance of improvement bonds not to exceed <br />$2,050,000 to finance the cost of the SR -60 <br />waterline. <br />Attorney Brandenburg noted the following changes need <br />to be made: <br />On Page 19, in the last sentence of paragraph D, DELINQUENT <br />ASSESSMENTS, it reads "that together with an annual audit of <br />an improvement fund by a Certified Public Accountant." The <br />County does not want to be required to do that, so that <br />language will be changed to read, "The --County further <br />covenants, at its expense, to furnish to any Registered <br />Owner requesting the same, 60 days after the due date of <br />each annual installment, a list all delinquent installments, <br />together with a copy of the County annual audit." <br />On Page 21, under paragraph K, REMOVAL OF ASSESSMENT LIENS, <br />we want to make sure that a property owner is able to <br />release a portion of the lien with respect to a portion of <br />his property. That language will be changed to read: "Any <br />owners of property subject to the Assessments may, at their <br />option, require the County to release and extinguish the <br />liens upon their property, or portions thereof, by virtue of <br />the levy of the Assessments, by depositing with the Clerk of <br />the Board, Federal Securities, the principal of and interest <br />on which shall be sufficient to pay the Assessments or the <br />installments thereof, as the case may be, attributable to <br />such property owners and the property to be released from <br />such liens." <br />41 <br />