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The Chairman requested the County Attorney to'write a•letter <br />to Reynolds, Smith and Hill and advise them that they are no longer <br />employed by this Board. <br />The Chairman presented a Resolution from the Florida Develop- <br />ment Commission with regard to A -1-A project. Motion was made by' <br />Commissioner Macdonald, seconded by Commissioner Waddell, and unanimously <br />carried, that the following Resolution is adopted: <br />RESnLUTI0N CONSENTING TO THE PLEDGE OF THE EIGHTY PER <br />CENT (80) SURPLUS GASOLINE TAX FUNDS ACCRUING TO THE <br />STATE ROAD DEPARTMENT FOR USE IN INDIAN RIVER COUNTY, <br />FLORIDA, FLORIDA, FOR RENTAL PAYMENTS UNDER LEASE - <br />PURCHASE AGREEMENT FOR INDIAN RIVER COUNTY ROAD AND <br />BRIDGE PROJECT TO BE CONSTRUCTED BY FLORIDA DEVELOP- <br />MENT COMMISSION <br />WHEREAS, Florida Development Commission (hereinafter referred <br />to as "Commission") is now undertaking the construction of a road and <br />bridge project to be known as "Indian River County Road and Bridge Pro- <br />ject") in Indian River County as provided in a resolution adopted by the <br />Commission under date of June 11, 1962; and <br />WHEREAS, the construction of said Project will be of great <br />benefit to the inhabitants of Indian River County, and all of said Pro- <br />ject will be located in Indian River County; and <br />WHEREAS, the Commission and State Road Department of Florida <br />have entered into or will hereafter enter into a Lease -Purchase <br />Agreement for the said Project in the manner provided by law, and <br />in order to finance the cost of the construction of the said Project <br />by the issuance of revenue bonds by the Commission, it is necessary <br />for rental payments under said Lease -Purchase Agreement to be made <br />�C; 7 7, <br />