2/6/1940 - Laserfiche WebLink

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M 1 0 3?1 Commissioner W C -Gillaves. I ''4ri introduced the following resolution and moved its adoption, to -wit: WHEREAS the State Board of Administration is holding for account of various interest and sinking fund accounts of Indian River County $10,000 City of.Lake Worth bonds, more particu- larly described as follows: City of Lake Worth 6% Improvement Bonds Dated January 1, 1926 Nos, E 285/287 due 7-1-32 " E 332/337 "_ 7-1-33 " N 487 " 7-1-36 ....................$10,000.00 G With Coupon No. 6 due 7-1-29 and subsequent , Past:doe.coupo.ns attached..... ................$ 21700.00 WHER]US the City of Lake Worth has made plans to refund these bonds par for par�,the r new refunding bonds to be dated November 1, 1936, and mature November 1, 1966, and bear interest at rates of 2 to 5% with all interest accrued to November 1, 1936 of $4,700 cancelled, and charg an exchange fee of 1% of par value of bonds, for payment of which the fiscal agency shall detach and retain the first maturing coupon of $10.00 from each refunding bond, and WHEREAS the Board of County Commissioners of Indian River County, Florida, after a careful consideration of the plan and program, deems it to the best interest of,Indian River County and the various interest and sinking funds concerned, to accept the settlement now offe as hereinabove outlined, and so declares, and WHEREAS Chapter 17728, Laws of Florida, Acts of 1937 Legislature authorizes the ex- change of the original bonds for refunding bonds, and WHEREAS it is the desire of this Board to make such exchange, THEREFORE BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida, that the refunding plan and program in respect to the bonds hereinabove referred to, be and the . same is heweby azeeept-ed. by. this. _Board._and...the_. State.,.Bo_ard of Administration is hereby) requested to do the needful to have the bonds exchanged, The resolution was duly seconded by Commissioner Glover and upon being put to a vote the.same was unanimously adopted. RESOLiH OK Commissioner Albert 0. Eelseth introduced the following resolution and moved its adoption to -wit: WHEREAS, the State Road Department of Florida has heretofore made survey of the right -I of -way for its Project No. 951 on State Road No. 30 in Indian River County, Florida; and WEEREAS, representatives of Indian River County did request a reduction in the right- of-way requirem+ants for said project and said State Road Department did arrange such reduction and as a result thereof it -will be necessary to make a new survey of the right-of-way for said project; and WHEREAS, such new survey will entail additional expense upon the State Road Department! of Florida and said Department would not be willing to make such new survey unless the right -of -1 way for said vDad was to be acquired; therefore, BE IT RESOLVED that the Board of County Commissioners of Indian River County does here] with state that upon said survey being made it will immediately proceed in the acquisition of necessary right-of-way as required by the State Road Department for Project No. 951 on State Road No. 30 in Indian River County, Florida. BE IT FURTHER RESOLVED that a certified copy of this resolution be forwarded to the State Road Department of Florida. The resolution was duly seconded by Commissioner Graves and upon being put to a vote