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40
RESOLUTION NO. 71- 6
The Board of County Commissioners of Indian River County, Florida,
40W 11 resolves:
1. Under date of January 20, 1969, The Moorings Development
Company, a Florida corporation, did enter into a performance bond as princi-
pal in which it bound itself unto Indian River County, Florida, a political sub-
division of the State of Florida, in the sum of $230, 000.00 in connection with
that principal having submitted to the Board of County Commissioners of
Indian River County, Florida, for approval a plat of a subdivision known as
The Moorings, Unit One, which was to be recorded as provided by Chapter
29155, Laws of Florida, Acts of 1953, and as provided by the Subdivision
I
Resolution of Indian River County, Florida, and which said plat was subse-
quently recorded in the office of the Clerk of the Circuit Court of Indian River
I
County, Florida, in Plat Book 8, page 6.
2. Said bond was conditioned upon the completion and installation of
all of the improvements shown upon the preliminary plat or required pursuant
to the Subdivision Resolution and in lieu of its execution by a surety company
the principal did deposit the total amount of money in cash with the above
Clerk and in reliance thereon said board approved said plat for recording.
3. All of the conditions of said performance bond have been kept and
completed and the County Administrator has certified to said Clerk that all of
t
the improvements have been constructed on the land and the balance of the
cash deposit has been returned by the Clerk to the principal, whereupon in
accordance with the terms and conditions of the bond, the same has become
null and void; however, in view of the fact that said bond has been recorded in
the office of said Clerk in Official Record Book 308, page 390, it is necessary
that evidence of the full and complete compliance with the terms of said bond
be evidenced by Resolution of this board. This board does herewith find and
determine that said bond and the obligation created thereby has become null
and void and does herewith direct that a certified copy of this Resolution evi-
dencing such fact shall be recorded in the public records of Indian River
County, Florida.
Smith, Heath, Smith & O'Haire, Attorneys At Law, P. O. Box 518, Vero Beach, Florida 32960