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.. -~ .' <br />~(t,'~t;)REIQtJl[RED'BY THE COUNTY TO FULFILL THE PERF()RMANCE OF <br />FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO • <br />• Developer, Copeland Landing, Inc. has been notified of the <br />';" 'dfMcien'cl~sinits performance of Contract No. PRD-90-10-09. <br />4. The Chairman of the Board of County Commissioners of Indian <br />County is hereby authorized to execute this resolution certifying <br />default along with any other necessary documents to call the Irrevocable <br />Lett~r of Credit of Caisse Centrale Des Jardins, Montreal, Canada (Issuing <br />Bank Ref.: LCS 4788/189) by draft drawn on NationsBank International Miami <br />LIC Ref. No. EM29888092, as amended. <br />5. This draft is drawn on NationsBank International Miami Letter <br />of Credit No. EM29888092 dated July 29, 1992 with Amendment No. 1 dated <br />December 1, 1992; reference Caisse Centrale Des Jardins, Montreal, Canada <br />issuing bank Letter of Credit No. LCS 4788/189 dated July 15, 1992. <br />6. The Director of the Indian River County Office of Management <br />~.' and Budget is hereby directed to submit this resolUtion, original confirming <br />b <br />letter of credit of NationsBank International Miami with Amendment No.1, <br />and the validated copy of the original Letter of Credit issued by Caisse <br />Centrale Des Jardins, Montreal, Canada, by sight draft in the amount of <br />$49,500.00 U.S. dollars marked "DRAWN ON IRREVOCABLE LETTER OF <br />CREDIT NO. LCS 4788/189 AND NATIONSBANK INT'L REFERENCE NUMBER <br />EM29888092", to L/C Department, NationsBank International Miami, 80 S. W . <br />8th Street, 23rd Floor, Miami, Florida 33130, U. S.A., arriving at the <br />counters of NationsBank International Miami prior to 3:30 p.m. on October <br />15, 1993. <br />The foregoing resolution was offered by Commissioner Eggert <br />and seconded by Commissioner <br />vote was as follows: <br />Ti ppi n , and, being put to a vote, the <br />Chairman Richard N. Bird Aye <br />Vice Chairman John W. Tippin Aye <br />Commissioner Fran B. Adams Aye <br />Commissioner Carolyn K. Eggert Aye <br />Commissioner Kenneth R. Macht Aye <br />2