Laserfiche WebLink
soon <br />j Paul '7t <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 />2. • Vero Building Corporation has defaulted under the terms of <br />the aforementioned Warranty, Guaranty - and Maintenance Agreement, and Bill <br />of Sale for Required Improvements. <br />3. The amount of the draft represents the amount required by <br />Indian River County to fulfill the performance of the Warranty, Guaranty <br />and Maintenance Agreement, and Bill of Sale for Required Improvements. <br />4. The Indian River County Office of Management and Budget is <br />authorized to transmit this resolution along with a sight draft iri the amount <br />Of $5,000-00 marked "DRAWN ON IRREVOCABLE LETTER OF CREDIT NO. <br />8-12-224 OF COMMUNITY SAVINGS, F.A.". <br />5. Sight draft and resolution are to be presented for payment at <br />the Community. Savings, F.A. offices located at 860 U.S. Highway 1, North <br />Palm Beach,, Florida 33408 arriving at the counters of Community Savings, <br />F.A. prior to the close of business on November 10, 1994, along with the <br />endorsed original letter of credit. <br />S. The Director of the Office of Management and Budget is <br />authorized to endorse the date and the amount of the $5,O00.00 drawing on <br />the reverse side of the letter of credit. <br />The foregoing resolution was offered by Commissioner <br />Eggert and seconded by Commissioner Bird and, being <br />Put to a vote, the vote was as follows: <br />.Chairman John W. Tippin Aye <br />Vice Chairman Kenneth R. Macht Aye <br />Commissioner Fran B. Adams Aye <br />Commissioner Richard N. Bird Aye <br />Commissioner Carolyn K. Eggert Aye <br />The Chairman thereupon declared the resolution duly passed and <br />adopted this 8th day of November, 1994. <br />ATTEST: <br />November 8, 1994 <br />INDIAN RIVER COUNTY, FLORIDA <br />BOARD OF COUNTY COMMISSIONERS <br />r� <br />By y / <br />- <br />40N W. Tippin, Ch <br />28 <br />Jeffrey$rton, Cler, <br />November 8, 1994 <br />INDIAN RIVER COUNTY, FLORIDA <br />BOARD OF COUNTY COMMISSIONERS <br />r� <br />By y / <br />- <br />40N W. Tippin, Ch <br />28 <br />