My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1993-178
CBCC
>
Resolutions
>
1990'S
>
1993
>
1993-178
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/29/2020 12:05:18 PM
Creation date
7/29/2020 11:45:21 AM
Metadata
Fields
Template:
Resolutions
Resolution Number
1993-178
Approved Date
10/12/1993
Resolution Type
default
Entity Name
Copeland Landing
Subject
Certifying default - Copeland Landing and auth. draft on l/c from Chemical Bank NY
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
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
No SD -87-05-08" <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. Developer, Copeland Landing, Inc. has been notified of the <br />deficiencies in its performance of Contract No. SD -87-05-06. <br />t <br />3. The Chairman of the Board of County Commissioners of Indian <br />River County is hereby authorized to execute this resolution certifying <br />default along with any other necessary documents to call the Standby Letter <br />of Credit of First Union National Bank of Florida, Reference No. X500872, as <br />amended; Issuing Bank: Chemical Bank New York, Letter of Credit No. <br />N/383821. <br />4. The Public Works Director of Indian River County is hereby <br />authorized to execute a letter to First Union National Bank of Florida to <br />accompany the sight draft, certifying that "COPELAND LANDING, INC. HAS <br />DEFAULTED UNDER THE TERMS OF THE AFOREMENTIONED CONTRACT <br />FOR REQUIRED IMPROVEMENTS, AND THAT THE AMOUNT OF THE DRAFT <br />REPRESENTS THE AMOUNT REQUIRED BY THE COUNTY TO FULFILL THE <br />PERFORMANCE OF THE SAID CONTRACT FOR THE REQUIRED <br />IMPROVEMENTS." <br />5. The Director of the Indian River County Office of Management <br />and Budget is hereby directed to submit the Public Works Director's letter of <br />certification and the original Letter of Credit with four Amendments by sight <br />draft in the amount of $221,000.00 U.S. dollars marked "DRAWN UNDER <br />IRREVOCABLE LETTER OF CREDIT NO. N-383821 OF CHEMICAL BANK NEW <br />YORK/FIRST UNION NATIONAL BANK OF FLORIDA REFERENCE NO. <br />X500872" to First Union National Bank of Florida, Letters of Credit <br />Department (FL6042), 200 South Biscayne Boulevard, 12th Floor, Miami, <br />' Florida 33131, arriving at the counters of First Union National Bank of <br />f <br />,- <br />Florida at the close of business on or before November 8, 1993. <br />Ix.fi. <br />u� <br />r 2 <br />RESOLUTION NO. 93- 17A <br />`sex- <br />Florida dated , November 27, 1992 to extend the date of expiry to November <br />r1 8, ;1993, and <br />F <br />t WHEREAS, <br />COPELAND LANDING, INC. has failed to perform its <br />' obligations under the <br />"Contract for Construction of Required Improvements <br />`4 Y <br />No SD -87-05-08" <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. Developer, Copeland Landing, Inc. has been notified of the <br />deficiencies in its performance of Contract No. SD -87-05-06. <br />t <br />3. The Chairman of the Board of County Commissioners of Indian <br />River County is hereby authorized to execute this resolution certifying <br />default along with any other necessary documents to call the Standby Letter <br />of Credit of First Union National Bank of Florida, Reference No. X500872, as <br />amended; Issuing Bank: Chemical Bank New York, Letter of Credit No. <br />N/383821. <br />4. The Public Works Director of Indian River County is hereby <br />authorized to execute a letter to First Union National Bank of Florida to <br />accompany the sight draft, certifying that "COPELAND LANDING, INC. HAS <br />DEFAULTED UNDER THE TERMS OF THE AFOREMENTIONED CONTRACT <br />FOR REQUIRED IMPROVEMENTS, AND THAT THE AMOUNT OF THE DRAFT <br />REPRESENTS THE AMOUNT REQUIRED BY THE COUNTY TO FULFILL THE <br />PERFORMANCE OF THE SAID CONTRACT FOR THE REQUIRED <br />IMPROVEMENTS." <br />5. The Director of the Indian River County Office of Management <br />and Budget is hereby directed to submit the Public Works Director's letter of <br />certification and the original Letter of Credit with four Amendments by sight <br />draft in the amount of $221,000.00 U.S. dollars marked "DRAWN UNDER <br />IRREVOCABLE LETTER OF CREDIT NO. N-383821 OF CHEMICAL BANK NEW <br />YORK/FIRST UNION NATIONAL BANK OF FLORIDA REFERENCE NO. <br />X500872" to First Union National Bank of Florida, Letters of Credit <br />Department (FL6042), 200 South Biscayne Boulevard, 12th Floor, Miami, <br />' Florida 33131, arriving at the counters of First Union National Bank of <br />f <br />,- <br />Florida at the close of business on or before November 8, 1993. <br />Ix.fi. <br />u� <br />r 2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.