HomeMy WebLinkAbout4/18/1974THURSDAY, APRIL 18, 1974
THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA MET IN SPECIAL SESSION AT THE COURTHOUSE,
VERO BEACH, FLORIDA ON THURSDAY, APRIL 13,1974 AT 4:30
01CLOCK A.M. PRESENT WERE ALMA LEE SOY, CHAIRMAN; JACK U.
DRITENBAS; RICHARD P. BOGOSIAN, ABSENT WERE EDWARD -J-.'
MASSEY AND WILLARD W. SIEBERT, JR. ALSO PRESENT WERE
JACK G. JENNINGS, COUNTY ADMINISTRATOR; JACK HOCKMAN AND
ELIZABETH FORLANI, DEPUTY CLERKS, PAUL D. BURCH,
ATTORNEY TO THE BOARD OF COUNTY COMMISSIONERS AND L.S.
THOMAS, COUNTY FINANCIAL COORDINATOR WERE ABSENT,
THE CHAIRMAN CALLED THE MEETING TO ORDER AND
STATED THAT BECAUSE OF THE DELAY IN COLLECTION OF AD VALOREM
TAX, THE TAX COLLECTOR IS IN NEED OF OPERATING FUNDS.
ON MOTION BY COMMISSIONER BOGOSIAN, SECONDED BY
COMMISSIONER DRITENBAS, THE BOARD UNANIMOUSLY APPROVED
THAT A LOAN OF $60,000.00 OF FEDERAL REVENUE SHARING FUNDS
BE MADE TO THE TAX COLLECTOR GENE MORRIS IN THREE EQUAL PAYMENTS
OF $20,000.00 EACH STARTING ON APRIL 19TH, MAY 15TH AND JUNE
14TH, 1974 IN ACCORDANCE WITH THE ATTACHED MEMORANDUM FROM
JACK HOCKMAN, COUNTY FINANCE OFFICER.
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APP 18 1974 Book . r,AaL 455 ._
4
TO: The Board of County Commissioners of
Indian River County, Florida
FROM: Jack Hockman, Finance Officer
DATE: April 17, 1974
SUBJECT: Loan of Federal Revenue Sharing Funds to
Gene Morris, Tax. Col l e ctor
The long delay in collection of ad -valorem
tax has caused Gene Morris, Tax Collector to deplete
the operating funds for his office. Mr. Morris has
requested and received the maximum fee advances of
$40,000 as outlined in Florida Statute 192.102.
Florida Statute 125.01 (r) allows the Board of
County Commissioners to: Levy and collect taxes and
special assessments, borrow and expend money, etc.
Upon the recommendation of County Attorney, Paul D. Burch
and myself, please authorize and allow a loan from
Federal Revenue Sharing Funds in the sum of $60,000.00 to
be made to Gene Morris, Tax Collector.
The disbursement would need to be made in three
equal payments of $20,000.00 each, starting April )9th,
May 15th and June 14th, 1974
Authority for making temporary operating loans
from Federal Revenue Sharing Funds:
1. Federal Revenue Sharing Handbook,
Section 322.11
2. Department of the Treasury, Rules and Regulations,_ ,
Volume 38, Number 68, part 5 .3 1 viii of
31 Code, subtitle B, part 51;
J'.
3. Public Law 92-512, 92nd Congress, H.R. 14370,
October 20, 1972, section 103 and in general -
Title I provisions
THERE BEING NO FURTHER BUSINESS, ON MOTION MADE
SECONDED AND CARRIED, THE BOARD ADJOURNED AT 4:35 O'CLOCK P.M.
ATTEST:
CLERK CHAIRMAN
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