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The Clerk presented a Resolution to the Board authorizing-a notice' eb pub
<br />for a public hearing as to whether or not a tax levy be made for an addition to the Courthouse.
<br />Upon Motion made by Commissioner Hamilton, seconded by Commissioner Waddell and unanimously
<br />carried, the following resolution was unanimously adopted:
<br />R E S O L U T I O N
<br />I WHEREAS, the Board of County Commissioners of Indian River County, Florida, has given
<br />consideration for many months to the necessity of this Board of erecting an addition to the
<br />County courthouse; Now, therefore,
<br />BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida,
<br />this Board does herewith deem it necessary to erect an addition to the County Courthouse; and
<br />BE TT FURTHER RESOLVED that public notice shall be -published in the Vero Beach Press
<br />Journal, a newspaper of general circulation published in said County and that at the next
<br />regular meeting of this Board after the publication of said Notice, such question or questions =.
<br />shall_ ,bet-actedf upon by this Board and that if at said meeting a majority of this Board shall
<br />determine that it is necessary to erect said building, that this Board may then levy a building
<br />tax not exceeding five (5) mills per annum for not more than thirty (30) consecutive years in
<br />lieu of all other County building tax and that all persons wishing to be heard will be heard
<br />at the next regular meeting of this Board to be held on July 21, 1959, at 9:00 o'clock A. M.
<br />in the offices of said Board in the Indian River County Courthouse, Vero Beach, Florida.
<br />Mr. Cory Walker, President of the Indian River Bar Association was recognized and
<br />presented a letter to the Board recommending that the Board include in its 1959-60 budget
<br />sufficient funds to construct an addition on the North end of the Courthouse and further
<br />requesting that the second floor addition be reserved for court purposes. The Board told
<br />IMr. Walker they would take all of this into consideration in setting up next year's budget.
<br />Mr. Walker also presented a request from the Indian River County Library Association
<br />for an annual appropriation of $4800.00.
<br />up with the other budget items.
<br />The Board informed Mr. Walker this would be taken
<br />Mr. Mitchell, Attorney for the Hospital Trustees stated they had tabulated the bids
<br />which were as follows:
<br />Bid by B. J. Van Ingen & Co., Inc. - Hirsch & Co., Clement A. Evans & Co., Inc.
<br />and Allison Williams Co. - offered to pay $735,061.50 together with accrued interest
<br />from the date thereof to the date of delivery thereof, for said Bonds bearing
<br />interest at the rate of 4k% on the Bonds maturing in the years 1963 to 1984,
<br />inclusive, being a net interest cost of $529,613.50
<br />Bid by John Nuveen & Co. and Leedy, Wheeler and Alleman, Inc. - offered to pay
<br />the sum of $735,000.00 together with accrued interest thereof to the date of
<br />delivery thereof, for said bonds bearing interest at the rate of 4k% per annum
<br />on the Bonds maturing in the years 1963 to 1978, inclusive, at the rate of 4.40%
<br />per annum on the Bonds maturing in the years 1979 to 1983, inclusive, and at
<br />the rate of 4k% per annum on the Bonds maturing in the year 1984, being a net
<br />interest cost of $537,130.00.
<br />Bid by Merrill Lynch, Pierce, Fenner & Smith, Inc., Goodbody & Co., and Herby J.
<br />Sims & Co., Inc. offering to pay the sum of $735,225.00, together with accrued
<br />interest from the date thereof to the date of delivery thereof, for said Bonds
<br />being interest at the rate of 5% per annum on the Bonds maturing in the years
<br />1963 to 1966, inclusive, at the rate of 4 per annum on the Bonds maturing in
<br />the years 1967 to 1975, inclusive and at the rate of 4k% per annum on the Bonds
<br />maturing in the years 1976 to 1984, inclusive, being a net interest cost of
<br />$5532975.00
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