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ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Adams, the Board unanimously (4- <br />0, Commissioner Eggert absent) adopted <br />Resolution 94-158 approving Agreement of <br />Resignation, Appointment, and Acceptance in <br />connection with Profold, Inc. Project, Indian <br />River, Florida Industrial Development Revenue <br />Bond, Series 1989. <br />AGREEMENT I m RECEIVED <br />PLACED ON FILE IN <br />THE OFFICE OF THE CLERK TO THE BOARD <br />RESOLUTION NO. 94- 15 8 <br />A RESOLUTION OF THE BOARD OF <br />COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, APPROVING <br />AGREEMENT OF RESIGNATION, APPOINT- <br />MENT, AND ACCEPTANCE IN CONNEC- <br />TION WITH PROFOLD, INC. FLORIDA <br />INDUSTRIAL DEVELOPMENT REVENUE <br />BOND, SERIES 1989. <br />WHEREAS, Indian River County is the issuer of industrial development <br />revenue bonds for Profold, Inc.; and <br />WHEREAS, ,there has been a sale of the Corporate Trust Division from <br />Barnett Banks Trust Company (prior trustee) to The Bank of New York <br />(successor trustee); and <br />WHEREAS, the County's financial advisor has recommended that the <br />County approve the appointment of the successor trustee as trustee, paying <br />agent, and registrar to succeed the prior trustee; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS •OF INDIAN RIVER COUNTY, FLORIDA, that the Board as <br />issuer of the Profold, Inc., '1989 Series Industrial Development Revenue <br />Bonds, hereby approves and authorizes the Chairman to execute the attached <br />Agreement of Resignation, Appointment, and Acceptance. <br />15 <br />December 13, 1994 <br />BOOK 9 3 PAL <br />