4/19/1988 - Laserfiche WebLink

Home Browse Search

13. To provide the Government at all reasonable times access to all books and records relating to the facility and access to the property of the system so that the Government may ascertain that the association is complying with the provisions hereof and of the instruments incident to the making or insuring of the loan. 14. In cases where the Government requires that a reserve account be established and maintained, when necessary, disburse- ments from the reserve account may be used for payments due on the bond if sufficient funds are not available in the general or debt service accounts. With the prior written approval of the Government, funds may be withdrawn for: (a) Paying the cost of repairing or replacing any damage to the facility which may have been caused by catastrophe. (b) Repairing or replacing short-lived assets. (c) Making extensions or improvements to the facility. Any time funds are disbursed from the reserve account, additional deposits will be required until the reserve account has reached the required funded level. 15. To provide adequate service to all persons within the service area who can feasibly and legally be served and to obtain FmHA's concurrence prior to refusing new or adequate services to such persons. Upon failure to provide services which are feasible and legal, such person shall have a direct right of action against the association or public body. 16. In the case of a grant in the sum not to exceed $ — 0 — , the association hereby accepts the grant under the terms as offered by the Government and that the and of the association are hereby authorized and empowered to take all action necessary or appropriate in the execution of all written instruments as may be required in regard to or as evidence of such grant and the association hereby resolves to operate the facility under the terms as offered in said grant agreement(s). The provisions hereof and the provisions of all instruments incident to the making or the insuring of the loan, unless otherwise specifically provided by the terms of such instrument, shall be binding upon the association as long as the bonds are held or insured by the Government. The provisions of sections 6 through 15 hereof may be provided for in more specific detail in the bond resolution or ordinance; to the extent that the provisions contained in such bond resolution or ordinance should be,found to be inconsistent with the provisions hereof, these provisions shall be construed as controlling as between the association and the Government. The vote was: 1N WITNESS WHEREOF, the Yeas 5 Nays Absent BOARD OF COUNTY COMMISSIONERS COUNTY OF INDIAN RIVER to be executed by the officers below in duplicate on this (SEAL) Attest: Admin. Leal Budget Dept, Title of the has duly adopted this Resolution and caused 19th day of April ,19$$. BOARD OF COUNTY COMMISSIONERS COUNTY OF INDIAN RIVER CLERK OF THE BOARD OF COUNTY. COMMISSIONERS I, the undersigned, as hereby certify that the CLERK CERTIFICATION of the COUNTY OF INDIAN RIVER BOARD OF COUNTY COMMISSIONERS of such Association is composed of f ivo members, of whom , constituting a quorum, were present at a meeting thereof duly called and held on the 19 t h day of Apr 1.1 , 19 __S8; that the foregoing resolution was adopted at such meeting by the vote shown above; and that said resolution has not been rescinded or amended in any way. Dated, this * U.S. Government Printing Office: 1984-584_00W11548 • LAPR 19 1988 day of Arri 1 19_a$ tO,A;te.,,e‘ Title rT.F.RK nF ) THF. RnART) nF f nINTY COMMISSIONERS 45 BOOR , 72 FAA 126