HomeMy WebLinkAbout2002-069 RESOLUTION NO. 2002- 069
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, DECLARING DEFAULT BY JAMES AND
PHYLLIS PARKS IN ITS OBLIGATION TO
CONSTRUCT REQUIRED SUBDIVISION
IMPROVEMENTS, AND AUTHORIZING STAFF TO
MAKE SIGHT DRAFT AGAINST INDIAN RIVER
NATIONAL BANK IRREVOCABLE LETTER OF
CREDIT NO. 01-0093 DATED SEPTEMBER 26,
2001.
WHEREAS, certain required improvements within subdivisions are
necessary within one year of final plat approval; and
WHEREAS, to secure that obligation developer posted an Irrevocable
Letter of Credit No. 01-0093 from Indian River National Bank in the amount of
$25,000.00; and
WHEREAS, said improvements are not yet installed,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA:
1. That James and Phyllis Parks have defaulted under the terms of
the Contract for Construction of Required Improvements PD-01-10-1CFC
(2001020062-27752), and that the amount of the draft represents the amount
required by the County to fulfill the performance of said contract for the
construction of required improvements.
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A
RESOLUTION NO. 2002- 069
2. The Office of Management and Budget is directed to make sight
draft marked "DRAWN ON IRREVOCABLE LETTER OF CREDIT NO. 01-0093
OF INDIAN RIVER NATIONAL BANK" and accompany the sight draft with this
resolution. The draft must be presented not later than September 26, 2002 at
the following address: Indian River National Bank, 958 20th Place, Vero Beach,
Florida.
The resolution was moved for adoption by Commissioner Adams , and
the motion was seconded by Commissioner Ginn , and, upon being put to
a vote, the vote was as follows:
Chairman Ruth M. Stanbridge Aye
Vice Chairman John W. Tippin Aye
Commissioner Fran B. Adams Aye
Commissioner Caroline D. Ginn Aye
Commissioner Kenneth R. Macht Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 17th day of September, 2002.
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA
p By ..��...�
Ruth M. Stanbridge, Cffairman
A �Jeffrey K on, Clerk
Deputy Clea APPROVED AS TO FORM
AND LEGAL SUFFICIENCY
BY
WILLIAM G. COLLINS 1
DEPUTY COUNTY ATTORNEY
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