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RESOLUT1014 NO. 110- 132 <br />A RESOLUTION AUT110RI7,.1 NC. THE ISSUANCE OF <br />GENERAL OBLIGATION NOTE OF INDIAN RIVER <br />COUNTY, FLORIDA NOT TO EXCEED $300,000.00 <br />TO FINANCE ENGINEERING COSTS AND OTHER COSTS <br />RELATED TO TIM E:<'PP.NSTON OF TNDTAN RIVER <br />BOULEVARD <br />BE IT RESOLVED 13Y THE BOARD OF COUNTY COMMISSTONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, that this Resolution is <br />adopted pursuant to provisions of Section 125.01, Florida <br />Statutes, and other applicable provisions of law; and <br />BE IT FURTHER RESOLVED that Indian River County is hereby <br />authorized to borrow by General Obligation ;dote, from The <br />First Citrus Bank of Indian Rivet County, THREE ►IUNDRED <br />THOUSAI4D DOLLARS ($300,000.00) to he pa.id back within one (1) <br />year from date from tax rc:'vennUr t h.tt .trt' l,lUdgUd by the <br />and <br />BE, TT NURTHER RT.SOI,VI;D t h.tt the al,l,rt jtri.ttU riff ic't'rs arr <br />author.izcd t:o Ur.Ucutc.: thn uu_t::,utty dot triUnL:;, including the' <br />General Obliclation Note to The FirSt-. Citrus Bank of Indian <br />River County; and <br />III: ITPPR` ITER RESOIXED that the funds derived fru:n the <br />Grneral Obligation Note ,h.ti l Ix' dUpo si tud in the COUNTY ,t 't'tttutt <br />and used solely for engincerinq costs and other costs related <br />to the expansion of Indian River 11oulevard. <br />Said Resolution shall become effectiv- .t:, of tilt: 17th clay <br />of December, 1980. <br />BOARD 01' COUNTY COMMISSIONERS OF <br />INDIAN R1V1.R `COUNTY, PLORIDA <br />Iiy: - - - -_ <br />I trick li. Lyo s, C airman <br />Attest: <br />d�tJ'--- -------- <br />Freda Wright, C3�rk <br />C�al> l(, 4 . e . <br />