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1985-133
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1985-133
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Last modified
5/11/2023 11:53:36 AM
Creation date
5/11/2023 11:53:32 AM
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Resolutions
Resolution Number
1985-133
Approved Date
12/04/1985
Subject
Rerlease of termination of ther Letter of Credit held under the terms of Contract #SD-84-10-10-034
to construct required improvements in the Sanderling Sub.
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RESOLUTION 85-133 <br />RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA AUTHORIZING RELEASE OR TERMINATION OF THE LETTER <br />OF CREDIT HELD UNDER THE TERMS OF COOTRACT NO. SD -84-10-10-034 TO <br />CONSTRUCT REQUIRED IMPROVEMENTS IN THE SANDERLING SUBDIVISION. <br />WHEREAS, Indian River County (County), and Associates Management <br />Group, Inc. (Developer) have entered into a contract to construct <br />required improvements; and <br />WHEREAS, an amended irrevocable letter of credit (NO: 1830) for <br />$1,362.00 to secure said contract has been issued by Barnett Bank <br />of Central Florida (Bank) for the Developer, naming the County as <br />beneficiary; and <br />WHEREAS, under the terms of the contract, the Public Works <br />Director has caused an inspection of all required improvements, <br />is satisfied with the work, and recommends release of the issued <br />letter of credit; <br />Now, therefore, be it resolved by the Board of County Commis- <br />sioners of Indian River County, Florida that: <br />Barnett Bank of Central Florida is hereby authorized to release <br />or terminate the amended irrevocable letter of credit (NO: 1830) <br />now good for $1,362.00. <br />The foregoing resolution was offered by Commissioner Scurlock <br />who moved its adoption. The motion was <br />seconded by Commissioner Bird , and upon being <br />put to a vote, the vote was as follows: <br />Chairman Patrick B. Lyons Aye <br />Vice -Chairman Don C. Scurlock, Jr. Aye <br />Commissioner Richard N. Bird Aye <br />Commissioner Margaret C. Bowman Aye <br />Commissioner William C. Wodtke, Jr. Aye <br />The Chairman thereupon, declared the resolution duly passed and <br />adopted this 4th day of December , 1985. <br />COUNTY COMMISSIONERS <br />RIVER COUNTY, FLORIDA <br />BY: <br />_- CK B. LYONS h firman <br />Attest:. <br />EDA WRIQHT' Wlerk <br />STATEI'OF '-FLORIDA" Q• <br />COCJNTY•'6F INDIAN RIVER <br />I HEREBY CERTIFY that on this day, before me, an off.cer <br />duly authorized in this State and County to take acknow dge- <br />ments, personally appeared PATRICK B. LYONS and FREDA WRIG T, as <br />Chairman of the Board of County Commissioners and Clerk, respec- <br />tively, to me known to be the persons described in and who <br />executed the foregoing instrument and they acknowledge before :;;v <br />that they executed the same. <br />WITNESS my hand and officialal in the County and State last <br />aforesaid th_ s 427L day of 1985 . <br />No ry is <br />NOTARY PUBLIC STATE otf RID1fi <br />APPROVED AS TO FORM AND LEGAL i3ONDED THRU GENERAL INSURAP 4JND, <br />SUFMY COMMISSION EXPIRES JULY B 1986 <br />BY:ICIENC 0 <br />BRUCE BARKETT <br />Assistant County Attorney <br />
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