HomeMy WebLinkAbout1985-120RESOLUTION 85- 12 0
RESOLUTION OF THE BOARD OF COUNTY COMr1ISSIONERS OF INDIAN RIiTF.ft COCQITY,
FLORIDA AUTHORIZING THE RELEASE OF THE REMAINING FUNDS HELD UNDER THE TERMS
OF AN ESCROW AGREEUM BETWEEN BEINDORF AND ASSOCIATES, INC., THE FIRST
BANKERS OF INDIAN RIVER COUNTY, AND INDIAN RIVER COUNTY TO QJARAPTM THE
CONSTRUCTION OF REQUIRED IMPROVEMM IN OLD SUGAR MILL ESTATES UNIT T[UM
SUBDIVISION.
WHEREAS, Indian River County (County), Beindorf and Associates, Inc.
(Developer), and THE FIRST BANKERS of Indian River County (Bank) have
entered into a cash deposit and escrow agreement; and
WHEREAS, under the terms of said agreement, the Developer has made a
written request for disbursement of funds held to guarantee required
improvements, and has sukmitted a warranty maintenance agreement and
maintenance bond guaranteeing performance of publically dedicated improve-
ments; and
WHEREAS, the Public Works Director is satisfied that all required
improvements have been cmpleted, and recommends disbursement of the
remaining funds held in escrow by the Bank.
Now, therefore, be it resolved by the Board of County Commissioners of
Indian River County, Florida that:
Remaining funds from the escrow account in the amount
of $25,000 be disbursed by Bank to Developer or to any
third party or parties upon whir"I Bank and Developer
may agree.
The foregoing resolution was offered by Ccnmi.ssioner Scurlock
who moved its adoption. The motion was seconded by Commissioner Wodtke
and upon being put to a vote, the vote was as follows:
Chairman Patrick B. Lyons Aye
Vice -Chairman Don C. Scurlock Jr. Aye
Commissioner Richard N. Bird Aye
Catmissioner Margaret C. Bowman Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon declared the resolution duly passed and adopted
this 2nd day of October , 1985.
BOARD OF COUNTY CXkM1ISSIONERS
OF IND COUNTY, FLORIDA
IYA&BY: _
PYMCK B. LYONS
RMAN
Attest e9u WrL -e�)"tx
FREnA WRIGHT, Q
STATE OF FLORIDA e i
COUNTY OF INDIAN RIVER
RESOI JTION 05-- l 2 0
I HEMMY CERTIFY that on this day, before me, an officer duly authorized in
this State and County to take ackiwwledgements, personally appeared PATRICK
B. LYONS and FREDA WRIGHT, as Chaixman of the Board of County camli.ssion-
ers and Clerk, respectively, to we known to be the persons described in and
who executed the foregoing instrument and they acknowledged before me that
they exemited the same.
WIINESS my hand and officiQ1 seal in the County aril State land aforesaid
this 6,UZi day of A.D., 1985.
��.
No
Public ,
APPROVED AS TO FORM AND LEGAL,
SUFFICIMCY
BY: "V tR -- �
Bru'c:e',Earkett, Assistant
County Attorney
EtP. RUG i).t',G3
U, 4LE� lan7 uE'i-V AL ?X;. N"