11/3/1987 - Laserfiche WebLink

Home Browse Search

NOV 3 1987 BOOK 70 PAGE 18 M. Site Plan_ Security Deposit - Sebastian Square Associates, Ltd. The Board reviewed the following memo dated 10/26/87: TO: The Board of County Commissioners FROM: Bruce Barketttt - Assistant County Attorney DATE: October 26, 1987 SUBJECT: Certificate of Deposit as Security for Site Plan Required Improvement Jerry Evans, representing Sebastian Square Associates, Ltd., is required as part of site plan approval for Site Plan No. SP -MA -85-09-103 to escrow $5,928.00 for a sidewalk along Riverside Drive at the Sebastian Square Shopping Center, Phase 1. The amount represents $1.95 per square foot. Site plan applicants may construct the sidewalk or post security in the form of a bond, letter of credit, cash, or other instrument acceptable to the County. This applicant proposes to post a certificate of deposit made out to the Board of County Commissioners of Indian River County as Trustee for Sebastian Square Associates, Ltd. To obtain such a certificate, Florida National Bank requires the County to sign a business account signature card. This item is put on the agenda for approval for the Chairman of the Board of County Commissioners to sign the signature card to obtain the certificate of deposit as the required security. Request is also made to release the cash bond in the same amount previously submitted by the applicant. It is recommended that the Board authorize the Chairman to sign the signature card and to authorize release of the cash. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Wheeler, the Board unanimously (4-0) authorized the Chairman to sign the signature card and authorized release of cash, as recommended by staff. ASSESSMENT FOR ABATEMENT OF PUBLIC NUISANCE - JOHN & SONIA KIM The Board reviewed the following memo dated 10/22/87: IV