HomeMy WebLinkAbout1980-132RESOLUTION NO. 80-131.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA, That RICHARD R. McCLEARY
is hereby appointed to the Indian River County Planning
and Zoning Commission from District 5, for a term of
four (4) years.
Said Resolution shall become effective as of the
3rd day of December , 1980.
BOARD OF COUNTY COMMISSIONERS OF
INDIAN VER COUNTY, FLORIDA
By
&W11P B. LyonsrCl airman
Attest,' -
Freda Wright,
)Clerk
RESOLUT1014 NO. 110- 132
A RESOLUTION AUT110RI7,.1 NC. THE ISSUANCE OF
GENERAL OBLIGATION NOTE OF INDIAN RIVER
COUNTY, FLORIDA NOT TO EXCEED $300,000.00
TO FINANCE ENGINEERING COSTS AND OTHER COSTS
RELATED TO TIM E:<'PP.NSTON OF TNDTAN RIVER
BOULEVARD
BE IT RESOLVED 13Y THE BOARD OF COUNTY COMMISSTONERS OF
INDIAN RIVER COUNTY, FLORIDA, that this Resolution is
adopted pursuant to provisions of Section 125.01, Florida
Statutes, and other applicable provisions of law; and
BE IT FURTHER RESOLVED that Indian River County is hereby
authorized to borrow by General Obligation ;dote, from The
First Citrus Bank of Indian Rivet County, THREE ►IUNDRED
THOUSAI4D DOLLARS ($300,000.00) to he pa.id back within one (1)
year from date from tax rc:'vennUr t h.tt .trt' l,lUdgUd by the
and
BE, TT NURTHER RT.SOI,VI;D t h.tt the al,l,rt jtri.ttU riff ic't'rs arr
author.izcd t:o Ur.Ucutc.: thn uu_t::,utty dot triUnL:;, including the'
General Obliclation Note to The FirSt-. Citrus Bank of Indian
River County; and
III: ITPPR` ITER RESOIXED that the funds derived fru:n the
Grneral Obligation Note ,h.ti l Ix' dUpo si tud in the COUNTY ,t 't'tttutt
and used solely for engincerinq costs and other costs related
to the expansion of Indian River 11oulevard.
Said Resolution shall become effectiv- .t:, of tilt: 17th clay
of December, 1980.
BOARD 01' COUNTY COMMISSIONERS OF
INDIAN R1V1.R `COUNTY, PLORIDA
Iiy: - - - -_
I trick li. Lyo s, C airman
Attest:
d�tJ'--- --------
Freda Wright, C3�rk
C�al> l(, 4 . e .
$300,000.00
UNITED STATES OF AMERICA
40
STATE OF FLORIDA
COUNTY OF INDIAN RIVER
GENERAL OBLIGATION NOTE
KNOW ALL MEN BY THESE PRESENTS, that Indian River County,
County, Florida (hereinaf.ter referred to as "County"), for value
received, hereby promises to pay to the 1>errrer, on December 22,
• 1981, the principal sum of THREE HUNDRED THOUSAND DOLLARS
($300,000.00), with interest thereon at the rate of nine and
one-half percentum per annum, payable at the maturity hereof or -
before, at County's option, upon presentation and surrender of
this Note. Both principal and interest on this Note are payable
in lawful money of the United States of America at The First
Citrus Bank of Indian River County, Vero Beach, Florida. For
the prompt payment of the principal of and interest on this Note
as the same shall become flue, the ad valorem taxing power of
the County for the fiscal year 1.980-81. at an annual rate not to
exceed ten (10) mills on the! dollar of aaessed valnr arc irrrvtu.tl,ly
pledged.
This Note is in the aticlrettat o print. i p.r 1. amount of. $300,000.00,
issued to idvancr! fund:; hi tin.tnrt• t.rnlin,—ri.rn1 cont.; .oil oth,•r
oo:;ts rel..tt.ed to the uxtk.u:;i.on nt Irnti,ut 16vt.r BUul(!v,trtl Olo,l.eirr
called the "Project"), under l.hc-tuLhority of and in tint
compliance_• with the ConstituLion and f;LaL1L1.e.,; of the SLate of
Florida, including Section 1253.01., Florid.t ;statutes, ;uul other
app l.icable provision:; of lwa, ;incl put:;u,int to a Resolution of
the. County duly ._rdopte1 on flit. 17th day of wxom,er, 1980 (ht:ruirr
after called the "Resolution"). This Note is subject to all the
terms and conditions of setid Resolution.
It is certified and recited that all acts, conditions, and
things required to happen, to exist and to be performed, precedent
to and in the issuance of this Note, have happened, exist, and
have been performed in due timo, form and manner as required by
the Con:;titution and Laws otthe State of Florida, applicable
thereto; that the total. indebtedness of the County, including
this Note, does not exceed any constitutional, statutory, or
other limitations; and that provisions have been made: for the
levy and collection of a direct annual tax for the fiscal year
® 1980-81, at an annual rate not: to exceed ten (10) mill -s
on the dollar of assessed value, upon all property subject to
taxation by the County, sufficient to pay the principal. of and
interest on this Note as the same shall become due, which tax
• shall be levied and collected at the St"11 0 t i.me and in the ann
manner as other ad valorem taxes of the County are assessed,
1111, levied and collected.
This Note is redeemable prior to its stated date of
maturity at option of County without payment or premium or penalt,,.
! This Note is and has all the dualities of a negotiable
instrument under the law merchant and the laws of the State of
Florida.
IN WITNESS WHEREUN, 1►1diau River County, Florida, haS is:;ucd
this Note and has caused the same to be executed by the manual or
facsimile signature of the Chairman of the Board of County
Commissioners and the corporate seal of said County or a facsimil,
thereof to be affixed horetc) or hnpressied horeon, and attestvd
and countersigned by the manual or facsimile signature of. the Cferk
of the Board, all as of the (Iay c,f 1980.
iNn1AN RT Col
(`.t airman, Beard ofo my
Co mli.ss; i onc1rr
(SEAL)
ATTESTED AND COUNIVERSICNED:
Clerk, Board ofu County Commissioner: