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BE IT FURTHER RESOLVED, that the residents in the Gifford <br />area will initially benefit by the County's proposal to the extent <br />of approximately ONE MILLION TWO HUNDRED SEVENTY,THOUSAND ($1,270,000,00) <br />DOLLARS in improvements and expansion to both sewer and water facilities <br />determined as follows: <br />PURCHASE PRICE $ 75,000.00 <br />FmHA GRANT TO COUNTY 427,500.00 <br />FnHA LOAN TO COUNTY 402,500.00 <br />EDA GRANT 365,000.00 <br />TOTAL $10270,000.00 <br />SUMMARY: <br />TRANSMISSION LINES AND <br />STORAGE TANK $ 670,000.00 <br />IMPROVEMENTS AND EXTENSIONS <br />WITHIN GIFFORD AREA 525,000.00 <br />PURCHASE PRICE ... 75.000.00 <br />TOTAL $1,270,000.00 <br />. BE IT FURTHER RESOLVED, that the clear intent of this <br />Resolution is to solve a severe social and health problem within <br />Indian River County through the cooperation of all involved parties <br />and agencies. <br />This Resolution shall become effective as of the 2nd <br />day of September , 1977. <br />BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA <br />By <br />Will' -am Wo [ke, <br />Chairman <br />ATTEST:/ Q)� <br />Freda Wright <br />Clerk <br />