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2 <br />be and they are hereby awarded and sold to the said purchaser referred to in the preambles <br />$750,000 - HOSPITAL BONDS, dated February 1, 19592 <br />numbered 1 to 750, inclusive, in the de- <br />nomination of $1,000 each, bearing interest <br />at the rates per annum (payable February 1 <br />and August 1 of each year) and maturing on <br />February 1 of each year in the years and <br />amounts as follows: <br />Interest Rate <br />ear Amount Per Annum <br />Interest Rate <br />Year Amount Per Annum <br />963 <br />$200000 <br />4k <br />% <br />1974 <br />$35,000 <br />4k % <br />964 <br />203,000 <br />4'k <br />% <br />1975 <br />35,000 <br />4k % <br />965 <br />25,000 <br />k <br />% <br />1976 <br />35,000 <br />4k %p <br />966 <br />25,000 <br />4k <br />% <br />1977 <br />40,000 <br />4k % <br />967 <br />25,000 <br />4k <br />% <br />1978 <br />409000 <br />4k <br />968 <br />251,000 <br />4k <br />% <br />1979 <br />40,000 <br />4k % <br />969 <br />309000 <br />k <br />% <br />1980 <br />45,000 <br />4k % <br />970 <br />303,000 <br />4k% <br />% <br />1981 <br />45,000 <br />4k % <br />971 <br />302000 <br />4k <br />% <br />1982 <br />45,000 <br />4k % <br />972 <br />30,000 <br />4k <br />% <br />1983 <br />50,000 <br />4k % <br />973 <br />30,000 <br />4k <br />% <br />1984 <br />50,000 <br />4k % <br />Section 2. That the proper officers of the County be, and they are hereby authorized <br />and directed to execute said Bonds when prepared and to deliver same to said purchaser upon <br />payment of the purchase price therefor pursuant to the conditions stated in the notice of sale, <br />without further authority from this Board of County Commissioners. <br />Section 3. That the Clerk of the Circuit Court of Indian River County and ex officio <br />Clerk of the Board of County 'Commissioners be and he is hereby authorized and directed to <br />return forthwith the good faith checks of all unsuccessful bidders. <br />Section 4. This resolution shall take effect immediately. <br />Troy E. Moody, Tax Collector, submitted the E & I Intangible Roll for approval and <br />upon Motion made by Commissioner Hamilton, seconded by Commissioner McCullers and unanimously <br />carried, said roll was approved. <br />The Chairman noted that a copy of a letter written to Mr. Grotegut of the State Road <br />Department in Tallahassee from Mr. Turner, one of the Trustees of the Florida East Coast <br />Railway was received but as yet not word had been received by the County as to whether or not <br />the State Road Department had accepted the proposal of the Florida East Coast Railroad. <br />The Deputy Clerk read an excerpt from the Minutes of the Planning and Zoning Board <br />tentatively recommending to the Board of County Commissioners that all of the area lying Westof <br />6th Avenue, South of 11th Street, East of an extension of 7th Ave. and North of 10th Street <br />be rezoned from R-2, Single Familty District to C-1 Commercial District, `Upon Motion made by <br />Commissioner Waddell, seconded by Commissioner McCullers and unanimously carried, the Board <br />tentatively approves the recommendation of the Planning and Zoning Board and directs them to <br />hold a public hearing thereon. <br />The County Attorney stated that Mr.- Walter J. Garrity owning property on Glendale <br />settle for $100.00. Upon Motion made by Commissioner Waddell, seconded by Commissioner <br />Hamilton and unanimously carried, the Board agrees to settle with Mr. Garrity for aright of <br />way across his property on Glandale, SRD #20, by paying Mr. Garrity $100.00 in lieu of all <br />other compensation and costs. <br />• <br />1 <br />0 <br />1 <br />0 <br />1 <br />1 <br />