1982-034 - Laserfiche WebLink

Home Browse Search

C> • e ® ® Cliauman Vice Chairman DON C. SCURLOCK, JR. A. GROVER FLETCHER PATRICK 8. LYONS WILLIAM C. WOOTKE, JR. DICK BIRD District 3 District 1 District 2 District 4 Oisi"Ct 5 BOARD OF COUNTY COMMISSIONERS 1840 25th Street, Vero Beach, Florida 32960 NEIL A. NELSON - County Administrator Telephone: (305) 567-8000 Messrs. Robert H. Davis and William A. Davis 384 N. E. 94th Street Miami Shores, Florida 33138 Secretary to Board Telephone: (305) 567.8000 February , 1982 Re: Proposed Construction of Light Metal Material Handling Plant Gentlemen: Based upon recent discussions with you, it is the understanding of the Board of County Commissioners (the "Board") and the officials and representatives of Indian River County, Florida (the "Issuer"), that you are currently considering the construction of an approximately 24,000 square foot light metal material handling plant, with necessary office space, situated within the territorial limits of the Issuer (the "Project"); that the costs of the Project, including the cost of Project site acquisition, will not exceed $850,000; that the Project will pro- vide employment in the area of the Issuer for approximately 40 people; and that the willingness of the Issuer to issue and sell its industrial development revenue bonds for the purpose of financing the acquisition, construction and equipment of the Project is an important fact under consideration by you in deter- mining the extent of the development feasibility of the Project. The Board has previously adopted a resolution and the Issuer has executed an agreement inducing Rampmaster, Inc., to proceed with the acquisition and construction of the Project. You have represented that the Project will be owned by you rather than Rampmaster, Inc., and that the adoption of such resolution induced you to proceed with the Project, since on the date of adoption of such resolution, and on this date, you own 80% of the outstanding stock of Rampmaster, Inc. However, it is necessary and desirable to enter into a revised inducement agreement with respect to the Project.