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1962-014
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1962-014
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Last modified
3/13/2023 1:20:12 PM
Creation date
1/4/2022 1:59:54 PM
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Resolutions
Resolution Number
1962-014
Approved Date
02/20/1962
Resolution Type
Issue Bonds for A1A and Sebastian Inlet Bridge
Entity Name
Florida Development Commission
Subject
Issue Bonds for A1A and Sebastian Inlet Bridge
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A'A34 <br />Upon Motion made by Commissioner Macdonald, seconded by <br />Commissioner Hamilton and unanimously carried, the following Resolu- <br />tion was adopted. <br />RESOLUTION <br />REQUESTSNG THE STATE ROAD BOARD TO APPROVE <br />THE PROCESSING OF A $400,000 INDIAN RIVER <br />COUNTY BOND AND BRIDGE REVENUE BOND ISSUE <br />WHEREAS, the Board of County Commissioners of Indian River <br />County, Florida, are desirous of issuing $400,000 of road and bridge <br />revenue bonds to be paid for over a period of five (5) years from the <br />80% surplus gas tax accruing to the benefit of said Indian River <br />County under the provisions of Section 16, Article IX of the State <br />Constitution, and, <br />WHEREAS, the State Road Department of Florida has asked the <br />Board of County Commissioners of Indian River County, Florida, to adopt <br />a resolution requesting the State Road Department to proceed with the <br />Processing of such a bond program, the proceeds of which are to be used <br />as a contribution toward the project as outlined below, and has requested <br />the county{to list the proposed road and bridge projects to be included <br />therein: <br />NOW, THEREFORE, BE IT RESOLVED, that the Board of County <br />Commissioners of Indian River County requests the State Road Department <br />to proceed with the processing of a $400,000 bond issue; and, <br />BE IT FURTNER RESOLVED, that the road and bridge projects as <br />listed below be included in said proposed road and bridge revenue bond <br />issue, to wit: <br />(1) Construction of a bridge over the Sebastian Inlet to part; <br />(2) Coastructiou of approaches, in part, to such•bridge; <br />(3) C"str%ctioa of State Read A -1-A from such approaches <br />Ooetherly to that part tbsreof which is already paved. <br />Wpmn PeWa made by Csemissiomer Macdonald, seconded by <br />Cemmiselomer Mewl.;* am 1"Simemsly can' Ledo the following Resolution <br />via adepted:. <br />
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