1989-153 - Laserfiche WebLink

Home Browse Search

• A 1 •o 11, To sequin Ltd maintaln such Inturince coverage Including fidelity bonus At may ba tequlled by the 0"rnrmnt. 2 12. To ettablith and maintain such books and records relating to the OPOrAtlon of the fAcility and Its ltnandal affairs and to provide for-quirad audit thereof in such a manner as may be required by the Government, to provldt the t�ovemrrvant And reports Its request, a copy of each such audit, and to make end forward to the Government tush additional lnforrmtlon end repose at !t may from tlrna to time require, 17. To provide thv Government it all reasonable times access to'all books and records toluing to the facility and access to the property of the rystam Ao that tiro Government may /scortsin that the association Is oamplying with rho provision, hereof and of the instruments Incident to the making of Imwing of the loan. la. 1n coos where the Oovarnmont requires b lust t retttve Aecomt be establlthed and malnsu tAlned, when necery,dtsbune- menta from the resarw account may be used (Of payments due on the bond If sufficient Nods are not avaliable to the gcnttral or debt aerviLt accounts. With the priot written approval of the Government, funds troy be wlthdraWn for: (e) Paying the cost of repairing or replacing any danisgo to the facility which may have been caused by atIlImphe. (b) Repalting of roplAcing short-11vod seats. (c) Making oxtensiont or improvements to the facility. Any time funds are disbursed from the resorvo suount, additional deposits will be required until the reserve account has reached the required funded level. 13. To protide adequate scrvlce to all persons within the service area who can feasibly and legally be served And to obtain FmHA'sfeasi le and oeAl,"ca utter to on th ll new or ad aquale sonioes to such persons, Upon (ailuro to provide services which aro mingle and Iera1, such rattan shalt have s direct right of Action ageinet the association of public body. 16. To comply wit}s the measurer Idenufted in the Govemnvant's environmental impact analysis for this facwty (or Lha pur• pose of svolding or reducing the adverse onvironmontal impaCl Of the facility's construction or operation, 17. to the cast of A trent In the sum not to exceed S . 950 , 000 , 00 the association hereby accepts the pant under the terms a offend by the Government and that the Cha i r mon and rlr k rn the I3�arc1 of the wociation ate hereby suthoritod Ind empowered to take all action necouary or Appropriate In the execution of All written Instruments as may be required in regard to or as evidence of such grant And the uwclation hereby resolve$ to operate the (Acdlty under the term, a ofrored In said grant agreement(s). The providons hereof And the provision, of all Instrurnenta incident to the snaking or Qre truuting of the loan, urdou odlcrwise s ,tureduo by ,lly provided by the terms of such in, lruurod , 1411 be binding upon the aefatlon'as long a rho bonds Le held or the Government or Assignee, The provisions of sections 6 tivrough 17 hereof may be provided for In more specific detail in the bond resolution or ordinance; to the extent that the provisions contained In such bond resolution or ordinance ,houid be found to be inconsistent with Qre provisions hereof, these provisions thaU be construed as eontrou ng u bo%een the association and the Oovernmont or assignee. The vote wet Yeas 5 Na A._,__ Y � Absent IN WITNESS WHURHOTa, the board of County Commissioners "`_--..--•--' of Coun_t:y of Indian River, Florida the has drily adopted this Resolution and cawed to be sxecutod by the ofllcora MOW In duplicAle on this 12th December day of ...._.�..,, 19-2—`i, (S P. L) rlttoat: J ey K i3arCon� Q Ct£/tst8zre,ae.""- Tids Clerk Count of Indian River, Florida I/V . !`! y� t � � Gary/ W veeLYer Title Cha ,man APPROVED AS TO ('ORM AND LEGAL SUFFIC;IFNCY: Charlos P. Adis,=lac » County Attorney