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RESOLUTION NO. 89-159 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA APPROVING RELEASE OF FUNDS FROM <br />ESCROW. <br />WHEREAS, Indian River County and Hale Indian River <br />Groves, Inc. entered into a Cash Deposit and Escrow <br />Agreement dated September 5, 1989; and <br />WHEREAS, under the terms of that agreement the <br />funds deposited in escrow would be released by resolution of <br />the Board of County Commissioners upon proper completion of <br />the improvements related to Phase 11 of the Hale Groves U.S. <br />1 Distribution Complex; and <br />WHEREAS, that work has been completed pursuant to <br />the Contract for Construction of Required Improvements No. <br />SP -MA -87-11-104 dated September 5, 1989; and <br />WHEREAS, the Public Works Director has caused an <br />inspection of the work to be performed and is satisfied in <br />all respects with the work and has recommended approval of <br />the disbursement, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF <br />COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />1. $55,940.60 be disbursed from escrow, pursuant <br />to the terms of the escrow agreement dated September 5, 1989 <br />between Hale Indian River Groves, Inc. and Indian River <br />County.. <br />2. A certified copy of this resolution shall be <br />delivered to the County Office of Management and Budget who <br />shall make the disbursement directly to Hale Indian River <br />Groves, Inc., 9255 U.S. Highway No. 1, Wabasso, Florida <br />32970, Attention: Richard A. Miles, Vice President <br />Finance. <br />The following resolution was offered by <br />Commissioner Bird <br />DEC 10 <br />,89 <br />and seconded by Commissioner <br />65 <br />8000 '18 PAGE 700 <br />