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BOARD OF COUNTY COMMISSIONFRS'AESOLIJTION <br />REQUEST TO BOARD OF HIGHWAY SECONDARY FUNDS <br />TRUSTEES FOR THE INVF424ENT OF THE HIGHWAY <br />SECONDARY TRUST FUNDS IN FUEL TAX ANTICIPATION <br />CERTIFICATES. <br />NO. 67-3 <br />INDIAN RIVER COUNTY <br />Upon motion by _qoPLmj�sl.k9nerMASq2EALl— , seconded <br />by the following resolution was <br />unanimously adopted: <br />WHEIMS, by Chapter 63-530, Lawn of Florida, 1963, a <br />Board of Highway Secondary Rinds Trustees wan created to review <br />applications from counties of the <br />� State of Florida to determine <br />the desirability, necessity, and fiqcal sufficiency for the invest- <br />ment of Highway Secondary Trust Funds for projects of the counties; <br />and <br />UMHEASS, by the Rules Ona Regulations of the board of <br />Highway Secondary Fund., Trustee:; preliminary approval has been <br />secured from the State Road Department and a formal resolution <br />by the Board Of County CoMmissloner.: I* necessary to apply to the <br />Board of Trusteer, Of the Highway Secondary Trust Funds for the <br />investment of the Highway Secondary Trust Fbnd:s In fuel tax anti- <br />cipation certificates to be issued by the State Road Department <br />on behalf of said county in order t,., i)r,j1;Ide funds for the purchase <br />of right of way for primary ai)d recc ndary ronel, -,-thin the county, <br />or for the construction or reconi!truatlon of primary and secondary <br />roads within the c6unty; and <br />WHFMAS, said rezolution is to be directed to the Chairman <br />of the Board of Ifiginoey Secondary Trust Funds Trustees, in care of <br />the State Road Department, Tallahassee, Florida, in order that therc.. <br />may be initiated action by the Board of Highway Secondary Finds <br />Trustees to determines <br />a. The desirability of the project, <br />b. The necessity of the project; <br />c. The ability of the borrowing county to repay <br />the loan within five (5) years; and <br />BOOK 10 f14(228 <br />