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( RESOLUTION NO. 78-44 <br />i <br />WHEREAS, INDIAN RIVER COUNTY has contracted to purchase <br />all of the assets of URBA14 DEVELOPMENT UTILITIES, INC. for a <br />cash payment of SEVENTY FIVE THOUSAND DOLLARS ($75,000.00), <br />plus reasonable and necessary expenses; and <br />WHEREAS, because of certain title defects it may be <br />necessary to escrow FORTY FIVE THOUSAND DOLLARS ($45,000.00) <br />until such time as the title defects are corrected; and <br />WHEREAS, it is in the best interests of the people of <br />Gifford and of Indian River County to ?roceed with the closing <br />as expeditiou.ily as possii,le; <br />NOW, THEREFORE, BE IT RI;!,,rILVFD BY THE BOARD OF CfWNTY <br />COMMISSIOtIFPSI OF INDIA'; I?P!FP F1,11RIDA, That. the Board <br />authorizes its appropriate County `)E `i!'i31S to Si,:In neCeS -17- , <br />documents to consursmate the closing of the purchase of URDA;I <br />I)EVFL')I''II:NT UTILITIES,,, INC. assets pursuant to that Contract <br />the I,arties; and <br />HE IT FURTHER PESOLVED, That the Chairman i.1 authorized <br />to escrow such `undo as are necessary in ordrr to consummate <br />the transaction yet protect the interests of the County. <br />1 1 • i ... .... .. +... . <br />:;:rid Resolution shall hecom. a effective .-sr -f the 7th <br />day of lwl,� . 1978. <br />WlARD OI' (:+)G'NW COM7115!3I0I4ERF rW <br />1'101A'l [INVER COUNTY, FLORIDA. <br />WiIIian C. Chairman <br />Attest: <br />Freda Wri it,-Cler};--^----�-�— <br />i <br />j <br />I <br />i <br />