4/5/1938 - Laserfiche WebLink

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1 F _z .1 225, some definite action be taken to seleet.a right of way for the peninsula road from the Ci limits South to the County line. In connection to the above referred.to.road a resolution was adopted by the Planning and Zoning Commission of this City and a copy of said resolution was received by this board. The resolution in its entirety.is filed in the Clerk's office and the following paragraph is 4 portion of the resolution "Whereas, the ocean beach is one of our -greatest assets in attracting tourist, winter visitors, pleasure seekers and future residents as well as a great source of pleasure through recreation and sight seeing for all of us, and Whereas, the construction of a scenic highway along the ocean -shore from hero Beach to the Fort Pierce inlet could be of immeas urable value and benefit in furthering the development of Indian River County", The resolution as adopted by the Planning and Zoning Commission has the indorsement of the City Council, Vero Beach Chamber of Commerce, the Indian River County Business Associa- tion, Junior Chamber of Commerce, and the Kiwanis Club. Douglas Baker, Clerk, was instructed to write a letter of thanks and appreci ation.to the Planning and Zoning Commission for their interest and suggestions with regard to the right of way for the peninsula road, and to request them to meet -with this board at some specified date, in order that this board might receive the benefit of their advice and experience. On motion made by S. E. Glover, seconded by Edwin A. Helseth and carried, the sum of $500.00 was appropriated out of race tract funds and the Clerk was instructed to issue a warrant on the General Revenue Fund payable to the Board of Public Instruction for the sum of $500.00. This was done at the request of the school board as they were badly in need of Financial assis anee. Commissioner; -Edwin A. Helseth introduced the following resolution which was duly seconded by Commissioner, Frank C. Vickers and_ upon. being .put_to.a vote the same was unanimou adopted. R50LUTION BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida, in session duly assembled: Section 1. That, in the consideration of the matters hereinafter referred to, the attention of the State Board of Administration, Tallahassee, Florida, is directed to resolution heretofore adopted by this Board authorizing the issuance of the Refunding Bonds hereinafter more particularly described, certified copy of which has been furnished to said State Board by the Clerk of this Board. Section 2. That the said State Board is hereby directed, in view of the refunding of the originally outstanding bonds, to transfer to the Interest and Sinking Fund account of said Refunding Bond issue described in said resolution all interest and sinking fund balances credit ed to the issue of bonds refunded pursuant to said resolution identified. Section 3. That, after effecting such transfer of Interest and Sinking Funds as pro- vided in Sections 2 and 4 hereof, said State Board is hereby directed to remit to the designate paying agent sufficient money to pay interest coupons due on said Refunding Bonds in accordance with the certified bond and coupon schedule which has been or will be furnished, it being the intention and purpose of this Board that said remittances be not forwarded in advance, but that said funds be remitted at the latest possible date allowing only sufficient time for their re- ceipt by the said paying agent on the date said coupons are due to be paid; said Refunding Bonds being identified as follows; to -wit: Date of Issue Designation Amt. of Issue Int . Rat e Januray 1, 1938. Wabasso Bridge Dist- 4/670 riot Refunding Bonds $80,000.00 Section 4. That, although this Board has heretofore adopted, for and in behalf of t' taxing unit whose bonds were refunded under the resolution above identified, the provisions of