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DEC !L�' <br />Eggert <br />follows: <br />NOOK <br />r.,rE 7O7 <br />, and upon being put to a vote, the vote was as <br />Chairman Gary C. Wheeler Aye <br />Commissioner Carolyn K. Eggert Aye <br />Commissioner Margaret C. Bowman Aye <br />Commissioner Richard N. Bird Aye <br />Commissioner Don C. Scurlock, Jr. Absent <br />Thereupon the Chairman declared the resolution <br />duly passed and adopted this 19th day of December, 1989. <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN -RIVER COUNTY, FLORIDA <br />By <br />Gary CgWheeler, Chairman <br />RELEASE OF LETTER OF CREDIT TO ORCHID ISLAND ASSOCIATES <br />The Board reviewed memo from Attorney Collins: <br />TO: The Board of County Commissioners <br />FROM:.j7t/ William G. Collins I1 - Assistant County Attorney <br />DATE: December 12, 1989 <br />SUBJECT: Release of Letter of Credit to Orchid Island <br />Associates Limited Partnership <br />Several years ago the Richard Roberts Group applied for the <br />abandonment of a right-of-way between A -1-A and North Jungle <br />Trail. As condition of the. abandonment, the Richard Roberts <br />Group was required to relocate and construct a new road <br />connecting A -1-A and North Jungle Trail., Subsequently, the <br />Richard Roberts Group assigned their obligations under the <br />agreement with Indian River County to the Orchid Island <br />Associates Limited Partnership. The Orchid Island <br />Associates Limited Partnership posted a new letter of credit <br />to secure the obligation to construct the 60 -foot <br />:right-of-way from A -1-A to North Jungle Trail. <br />:fp <br />;;;:During the past year a portion of North Jungle Trail was <br />;:.realigned through the center of the Town of Orchid. As a <br />result of that realignment there was a new access point <br />'connecting A -1-A and North Jungle Trail in close proximity <br />;to the location where Richard Roberts Group/Orchid Island <br />Associates Limited Partnership had agreed to construct the <br />new road. On August 1, 1989 the Board of County <br />66 <br />