HomeMy WebLinkAbout1985-133RESOLUTION 85-133
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA AUTHORIZING RELEASE OR TERMINATION OF THE LETTER
OF CREDIT HELD UNDER THE TERMS OF CONTRACT NO. SD -84-10-10-034 TO
CONSTRUCT REQUIRED IMPROVEMENTS IN THE SANDERLING SUBDIVISION.
WHEREAS, Indian River County (County), and Associates Management
Group, Inc. (Developer) have entered into a contract to construct
required improvements; and
WHEREAS, an amended irrevocable letter of credit (NO: 1830) for
$1,362.00 to secure said contract has been issued by Barnett Bank
of Central Florida (Bank) for the Developer, naming the County as
beneficiary; and
WHEREAS, under the terms of the contract, the Public Works
Director has caused an inspection of all required improvements,
is satisfied with the work, and recommends release of the issued
letter of credit;
Now, therefore, be it resolved by the Board of County Commis-
sioners of Indian River County, Florida that:
Barnett Bank of Central Florida is hereby authorized to release
or terminate the amended irrevocable letter of credit (NO: 1830)
now good for $1,362.00.
The foregoing resolution was offered by Commissioner Scurlock
who moved its adoption. The motion was
seconded by Commissioner Bird , 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
Commissioner Margaret C. Bowman Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 4th day of December , 1985.
BOARD F COUNTY COMMISSIONERS
OF,XNDIIN RIVER COUNTY, FLORIDA
Y:
`PATRICK B. LYONS Ch irman i
Attest:
FREDA WRIGHT,erk
STATE OF FLORID'
COUNTY OF INDIA RIVER
I HEREBY CERTIFY that on this day, before me, an/Has
er
duly authorized in this State and County to take acknoe-
ments, personally appeared PATRICK B. LYONS and FREDA WR I
Chairman of the Board of County Commissioners and Clerk, respec-
tively, to me known to be the persons described in and who
executed the foregoing instrument and they acknowledge before m._
that they executed the same.
WITNESS my hand and official 1 in the County and State last
aforesaid this day of 1985.
of Public',
NOTARY PUBLIC STATE OF FLORIDA
APPROVED AS
TO FORM AND LEGAL BONDED TIIRU GENERAL INSURANCE UND .
BUFFICIFNCNY,,.oF MY COMMISSION EXPIRES JULY 8 1966
BRUCE BARKETT
Assistant County Attorney
RESOLUTION 85-133
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA AUTHORIZING RELEASE OR TERMINATION OF THE LETTER
OF CREDIT HELD UNDER THE TERMS OF COOTRACT NO. SD -84-10-10-034 TO
CONSTRUCT REQUIRED IMPROVEMENTS IN THE SANDERLING SUBDIVISION.
WHEREAS, Indian River County (County), and Associates Management
Group, Inc. (Developer) have entered into a contract to construct
required improvements; and
WHEREAS, an amended irrevocable letter of credit (NO: 1830) for
$1,362.00 to secure said contract has been issued by Barnett Bank
of Central Florida (Bank) for the Developer, naming the County as
beneficiary; and
WHEREAS, under the terms of the contract, the Public Works
Director has caused an inspection of all required improvements,
is satisfied with the work, and recommends release of the issued
letter of credit;
Now, therefore, be it resolved by the Board of County Commis-
sioners of Indian River County, Florida that:
Barnett Bank of Central Florida is hereby authorized to release
or terminate the amended irrevocable letter of credit (NO: 1830)
now good for $1,362.00.
The foregoing resolution was offered by Commissioner Scurlock
who moved its adoption. The motion was
seconded by Commissioner Bird , 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
Commissioner Margaret C. Bowman Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon, declared the resolution duly passed and
adopted this 4th day of December , 1985.
COUNTY COMMISSIONERS
RIVER COUNTY, FLORIDA
BY:
_- CK B. LYONS h firman
Attest:.
EDA WRIQHT' Wlerk
STATEI'OF '-FLORIDA" Q•
COCJNTY•'6F INDIAN RIVER
I HEREBY CERTIFY that on this day, before me, an off.cer
duly authorized in this State and County to take acknow dge-
ments, personally appeared PATRICK B. LYONS and FREDA WRIG T, as
Chairman of the Board of County Commissioners and Clerk, respec-
tively, to me known to be the persons described in and who
executed the foregoing instrument and they acknowledge before :;;v
that they executed the same.
WITNESS my hand and officialal in the County and State last
aforesaid th_ s 427L day of 1985 .
No ry is
NOTARY PUBLIC STATE otf RID1fi
APPROVED AS TO FORM AND LEGAL i3ONDED THRU GENERAL INSURAP 4JND,
SUFMY COMMISSION EXPIRES JULY B 1986
BY:ICIENC 0
BRUCE BARKETT
Assistant County Attorney