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1988-026
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1988-026
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9/6/2022 10:25:28 AM
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Resolutions
Resolution Number
1988-026
Approved Date
04/19/1988
Subject
Authorize & provide for indebtedness for purpose of providing a portion of the cost
acquiring, constructing, enlarging, improving and/or extending Sewer System Facility - $450,000
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13. To provide the Government at all reasonable times access to all books and records relating to the facility and access to <br />the property of the system so that the Government may ascertain that the association is complying with the provisions <br />hereof and of the instruments incident to the making or insuring of the loan. <br />14. In cases where the Government requires that a reserve account be established and maintained, when necessary, disburse- <br />ments from the reserve account may be used for payments due on the bond if sufficient funds are not available in the <br />general or debt service accounts. With the prior written approval of die Government, funds may be withdrawn for: <br />(a) Paying the cost of repairing or replacing any damage to the facility which may have been caused by catastrophe. <br />(b) Repairing or regi icing short-lived necats. <br />(c) Making extensions or improvements to the facility. <br />Any time funds are disbursed from the reserve account, additional deposits will be required until the reserve account has <br />reached the required funded level. <br />15. To provide adequate service to all persons within the service area who can feasibly and legally be served and to obtain <br />FmHA's concurrence prior to refusing new or adequate services to such persons. Upon failure to provide services which <br />arc feasible and legal, such person shall have a direct right of action against the association or public body. <br />16. In the case of a grant in the sum not to exceed S —0— , the association <br />hereby accepts the grant under the terms as offered by the Government and that the <br />and of the association are hereby authorized and empowered to take all action necessary <br />or appropriate in the execution of all written instruments as may be required in regard to or as evidence of such grant and <br />the association hereby resolves to operate the facility under the terms as offered in said grant agreement(s). <br />The provisions hereof and the provisions of all instruments incident to the making or the insuring of the loan, unless otherwise <br />specifically provided by the terms of such instrument, shall be binding upon the association as long as the bonds are held or <br />insured by the Government. The provisions of sections 6 through 15 hereof may be provided for in more specific detail in tite <br />bond resolution or ordinance; to tine extent that the provisions contained in such bond resolution or ordinance should be found <br />to be inconsistent with the provisions hereof, these provisions shall be construed as controlling as between the association and <br />the Government. <br />The vote was: Yeas 5 Nays Absent <br />IN WITNESS WHERE01', the BOARD OF COUNTY COMMISSIONERS of the <br />COUNTY OF INDIAN RIVER Inas duly adopted this Resolution and caused <br />to be executed by the officers below in duplicate on this <br />i•j I;. f' <br />(SEAL) <br />Attest:t;iu-i. <br />19t•h day of ,8nri 1 19$$ <br />BOARD OF COUNTY COMMISSIONERS <br />COUNTY OF INDIAN RIVER <br />Ey c_ <br />L)On C. Jr. <br />Title Chairman <br />CLERK OF THE BOARD `"OF COUNTY COMMISSIONERS <br />Title <br />CI;IMFICA'1'ION <br />1, the undersigned, as CLERK of the COUNTY OF INDIAN RIVER <br />hereby certify that the BOARD OF COUNTY COMMISSIONERS of such Association is composed of <br />--i 4 . members, of whom , constitu ing a quorum, were present at a meeting thereof duly called and <br />held on the 19th day of April , 19 _U; that the foregoing resolution was adopted at such meeting <br />by the vote shown above; and that said resolution has not been rescinded or amended in any way. <br />Dated, this _ 9 day of A= r i 1 19 _$$ <br />W <br />it U.S. Government Printing Office 19134-564-000111546 Title—CLERK OP I THE RnARD (IF C"OIJNTV <br />COMMISSIONERS <br />
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