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RESOLUTION NO. 2015-093 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, AUTHORIZING THE COUNTY <br />UTILITIES DIRECTOR, OR HIS DESIGNEE, ON <br />BEHALF OF THE BOARD OF COUNTY <br />COMMISSIONERS, TO EXECUTE AMENDMENTS <br />WITH REGARD TO REDUCTION OF INTEREST <br />RATES RELATING TO LIEN AGREEMENTS FOR <br />CONNECTION TO EXISTING SYSTEM. <br />WHEREAS, by Ordinance No. 2015-011, the Board of County <br />Commissioners authorized, under certain instances, a reduction of the interest rate to <br />the currently approved annual interest rate charged by the County on lien agreements <br />for connection to existing system; and <br />WHEREAS, when a customer qualifies for a reduction of the interest rate, <br />in order to preserve the priority of the lien, an amendment to both the lien agreement <br />and promissory note are necessary for recordation in the public records, and <br />WHEREAS, it is beneficial to streamline the process by authorizing the <br />Utilities Director to sign on behalf of the County, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. The above recitals are affirmed. <br />2. The Utilities Director, or his designee, is hereby delegated authority to <br />execute Amendments to Lien Agreement for Connection to Existing System in <br />substantially the form attached hereto, so long as each such amendment bears <br />the approval signature of the County Attorney or his designee. <br />