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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. The above statements are ratified in their entirety. <br />2. Payment is hereby demanded of Indian River National Bank in <br />the amount of $17,415.75, which amount of the draft represents the amount <br />required by Indian River County to fulfill the performance of said Warranty, <br />Guaranty and Maintenance Agreement for required improvements. <br />3. The Chairman of the Board of County Commissioners is <br />authorized to endorse the date and amount of the drawing on the reverse <br />side of the letter of credit. <br />4. The Indian River County Office of Management and Budget is <br />authorized to transmit this resolution along with the, sight draft marked <br />"Drawn on Irrevocable Letter of Credit No. 0019 - Iridian River National <br />Bank." <br />5. Sight draft and resolution are to be presented for payment at <br />9 <br />the Indian River National Bank offices located at 958 20th Place, Vero Beach, <br />Florida 32960 on or before May 15e 1992, along with the endorsed original <br />letter of credit. <br />The foregoing resolution was offered by Commissioner <br />Scurlock and seconded by Commissioner Bird , and being <br />put to a vote, the vote was as follows: <br />Chairman Carolyn K. Eggert Aye <br />Vice Chairman Margaret C. Bowman A y e <br />Commissioner Richard N. Bird Aye <br />Commissioner Don C. Scurlock, Jr. Aye <br />Commissioner Gary C. Wheeler Aye <br />The Chairman thereupon declared the resolution duly passed and <br />adopted this 12 day of May 1992. <br />INDIAN RIVER COUNTY, FLORIDA <br />BOARD OF COUNTY COMMISSIONERS <br />By <br />Carolyn Tc IEggert, C ai man <br />15 <br />