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12/11/89(wGCM10)L1GAL(W0C/nhm)
RESOLUTION NO. 89-I69-
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA APPROVING RELEASE OF FUNDS FROM
ESCROW.
WHEREAS, Indian River County and Hale Indian River
Groves, Inc. entered into a Cash Deposit and Escrow
Agreement dated September 5, 1989; and
WHEREAS, under the terms of that agreement the
funds deposited in escrow would be released by resolution of
the Board of County Commissioners upon proper completion of
the improvements related to Phase 11 of the Hale Groves U.S.
1 Distribution Complex; and
WHEREAS, that work has been completed pursuant to
the Contract for Construction of Required Improvements No.
SP -MA -87-11-104 dated September 5, 1989; and
WHEREAS, the Public Works Director has caused an
Inspection of the work to be performed and is satisfied in
all respects with the work and has recommended approval of
the disbursement,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that:
1. $55,940.60 be disbursed from escrow, pursuant
to the terms of the escrow agreement dated September 5, 1989
between Hale Indian River Groves, Inc. and Indian River
County.
2. A certified copy or this resolution shall be
delivered to the County Office of Management and Budget who
shall make the disbursement directly to Hale Indian River
Groves, Inc., 9255 U.S. Highway No. 1, Wabasso, Florida
32970, Attention: Richard A. Miles, Vice President -
Finance.
The following resolution was offered by
Commissioner Bird and seconded by Commissioner
1