My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
7/28/1992
CBCC
>
Meetings
>
1990's
>
1992
>
7/28/1992
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/23/2015 12:03:32 PM
Creation date
6/16/2015 11:09:59 AM
Metadata
Fields
Template:
Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
07/28/1992
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
99
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
f :9 <br />B®0!; kid f„,,E."�•� <br />as of the date of this report. To ensure that there will be no <br />lapse in posted security and to ensure that the County will not <br />incur the cost to complete the required 37th Street turn -lane <br />improvements, staff is requesting that the Board of County <br />Commissioners authorize staff to draw upon the existing Letter of <br />Credit if the renewed security is not received by 5:00 p.m. July <br />30, 1992. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners adopt the <br />attached resolution demanding payment under the provisions of the <br />Letter of Credit, authorize the Chairman to endorse the Letter of <br />Credit, and authorize staff to draw upon the Letter of Credit if <br />staff does not receive an acceptable replacement security by 5:00 <br />p.m. July 30, 1992. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Bowman, the Board unanimously approved <br />staff's recommendation as set out in the above memo <br />and adopted Resolution 92-131, authorizing draft upon <br />Barnett Bank Irrevocable Letter of Credit No. 037 -LC - <br />377966. <br />RESOLUTION NO. 92--j-41 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />AUTHORIZING DRAFT UPON BARNETT BANK <br />IRREVOCABLE LETTER OF CREDIT NO. 037 -LC -377966 <br />WHEREAS, George and Lucia Nichols, et. al. entered into a <br />Developer's Agreement with Indian River County relating to the CGN <br />Subdivision; and <br />WHEREAS, in order to secure its obligations under that <br />agreement, George and Lucia Nichols, et. al., d/b/a MGC <br />Investments, a Florida General Partnership, established with <br />Barnett Bank Irrevocable Letter of Credit No. 037 -LC -377966 in <br />favor of Indian River County in the amount of $58,250.00 with an <br />effective date of July 26, 1991 and having an expiration date of <br />August 3, 1992; and <br />WHEREAS, George and Lucia Nichols et. al. defaulted under the <br />terms of the aforementioned Developer's Agreement; <br />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 />60 <br />
The URL can be used to link to this page
Your browser does not support the video tag.