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�I ESOLOTTON NO. 81.--612
<br />11111P W1il:M-.AS, Indian River Co+.inty has received a commitment fres
<br />III Fir•:;ler:; liome Administration to borrow $5,825,000.00 for the
<br />Illi n iinc eying, construction and completion of the South County watior
<br />�I ;turn; and
<br />''HEREAS, the County will receive from the Farmers Ilonhe
<br />A••lr:ini.st ration certain grant funds in the amount of $796,900.011;
<br />416M anti
<br />:411E TAS, Indian River County has completely en(iineered the
<br />icr:-ic ct, purchased the land, cOmplcted the test well program and
<br />>.s-ue•i notice of award on the subject project:; and
<br />:il;;it1;AS, Indian River County has received all permits r,ecos„I:
<br />;.,kA;struct the subject project; and
<br />i.:1f1:RBAS, Tndian River County will have a shortfall of $42-:,80F;.21
<br />the difference bet -.ween loan grant and other income iLo;-;:;
<br />,,.I.Cd by contract amounts arld associated f(lon alvi expenses,
<br />,hl i 1h:; reflected in the contract documents and other informatics
<br />1�rovid(%l to the Farmers Home Administration; and
<br />the Farmers home Administration desires assurance; `r•
<br />;',•) Ir',1 of C(hunty Commissioners of In(Iiali ItiVUI- Cr) unty, Fl()ric:.,,
<br />Ll,al. Lil: shortfall of $425,808.81 will be assumed an(I paid b}' Trl'i l
<br />i: -.,or CounLy in Timely fash i'(1il, from ncli- d-Vaif,rtwi :;(,urce (10,11.1•..
<br />'1.111TEFORE, 13E IT RESOLVED BY lili BOARl) oi' _OUi:'I'Y (O;L'41: ;''•':i'
<br />,
<br />C.i)IA:4 RIVER COUNTY, i'LORIDA, that -,:as an inducr:nent. to the
<br />Il,;t•,o Administration In issi,,ing Lhe take-out letter as 1'(2(Juired b-'-
<br />to
<br />?;to the interim lenders and appruvin,, the cont -'l(:'
<br />nt s, In,ii, River:' County her, b; rlyrcc : t:i> �:,:;.unc an(t p;l}' t.l,•
<br />;Ir,rt_ � -11 1. amount as above described.
<br />i(I, 1T FURTIILI? RESOLVPM that the 13Qard of County Commissioners i
<br />in ii::ul River County, Florida, will cooperate in every regard with
<br />1rI^-.�i Home Administration to assure successful completion of t.h�
<br />,util '.r;achy Water System improvements.
<br />130ARD COUNTY COMMISSIONERS
<br />OF T t) TJ RIVL'It C U Y, FLORTDA
<br />Qy f
<br />'aL17 fr. Ly niE EFhtj6lt gAan
<br />:t%te`_:t —
<br />OIAN RIVcR COUNTY
<br />THIS IS TO CERTIFY THAT TI ITS IS
<br />1 n TRUE AND CORRECT COry
<br />THE ORIGINAL ON FILE IN THI;
<br />�_•—' -~ - ' OFFICE.
<br />Fro(a Wright, Clle k Of Circuit Court ,/ �FRREDA WRICHT, CLERK
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