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7.D. PROCLAMATION DESIGNATING NOVEMBER 15, 2000 AS AMERICA <br />RECYCLES DAY <br />Moved to Item 5.A.2. <br />7.E. RIVER LAKE ESTATES SUBDIVISION (RAYMO, INC.) - CASH ESCROW IN <br />SUPPORT OF BILL OF SALE OF UTILITY FACILITIES <br />The Board reviewed a Memorandum of November 8, 2000: <br />MEMORANDUM <br />TO: The Board of County Commissioners <br />FROM: William G. Collins II — Deputy County Attomey <br />DATE: November 8, 2000 <br />SUBJECT: River Lake Estates Subdivision - Cash Escrow in Support of Bill of <br />Sale of Utility Facilities <br />Raymo, Inc., the developer of River Lake Estates Subdivision, has transferred <br />utility improvements (water and wastewater systems) within the subdivision to <br />Indian River County by a Bill of Sale In order to secure the warranty of the Bill of <br />Sale, they have provided a Cash Deposit and Escrow Agreement. <br />RECOMMENDATION: <br />Authorize the Chairman to execute the Cash Deposit and Escrow Agreement for <br />River Lake Estates Subdivision's warranty of its utility improvements. <br />NOVEMBER 14, 2000 <br />-26- <br />BK 116PG038 <br />