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RESOLUTION 85-138 <br />RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA AUTHORIZING RELEASE OF ALL FUNDS REMAINING IN THE <br />ESCROW ACCOUNT HELD UNDER THE TERMS OF AN ESCROW AGREEMENT <br />BETWEEN SALAMA DEVELOPMENT CORPORATION, UNITED SAVINGS OF <br />AMERICA, AND INDIAN RIVER COUNTY TO GUARANTEE CONSTRUCTION OR <br />REQUIRED IMPROVEMENTS IN ATLANTIS SUBDIVISION. <br />WHEREAS, Indian River County (County), Salama Development <br />Corporation (Developer), and United Savings of America (Bank) <br />have entered into a cash deposit and escrow agreement; and <br />WHEREAS, under the terms of said agreement, the Public Works <br />Director has caused an inspection of all required improvements, <br />is satisfied with the work performed, and recommends disbursement <br />of all remaining funds held in escrow by the Bank; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />The Bank is hereby authorized to disburse funds from <br />the escrow account in the amount of $879.00 to the <br />Developer or any third party or parties upon which the <br />Bank and Developer agree. <br />The foregoing resolution was offered by Commissioner. Scurlock <br />who moved its adoption. The motion was <br />seconded by Commissioner Wodtke _, 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 18th day of December , 1985. <br />BOARDj&F., COUNTY COMMISSIONERS <br />OF TNDIAq RIVER COUNTY, FLORIDA <br />BY: <br />Attest: <br />FREDA WRIGHT,K- <br />STATE OF FLORIDAU <br />COUNTY OF INDIAN RIVER <br />I HEREBY CERTIFY that on this day, before me, an officer <br />duly authorized in this State and County to take acknow dge- <br />ments, personally appeared PATRICK B. LYONS and FREDA WRI 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 me <br />that they executed the same. <br />WITNESS my hand angl, official Aal in the County and State last <br />aforesaid this day of , 1985. <br />NICIfr <br />ary blic <br />r r•) ` It ( R)RIX STATE X�K KORIDIi <br />APPROVED AS TO FOAND LEGAL 0'IN GENERAL wsusAHCF.UNDI <br />SUFFICIENCY � 1 dMMISLION EXPIRES JUtY.•,a 1984 <br />BY: 4J�� IIII' <br />BRUCE BARKETT <br />Assistant County Attorney <br />