HomeMy WebLinkAbout1985-138RESOLUTION 85-138
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA AUTHORIZING RELEASE OF ALL FUNDS REMAINING IN THE
ESCROW ACCOUNT HELD UNDER THE TERMS OF AN ESCROW AGREEMENT
BETWEEN SALAMA DEVELOPMENT CORPORATION, UNITED SAVINGS OF
AMERICA, AND INDIAN RIVER COUNTY TO GUARANTEE CONSTRUCTION OR
REQUIRED IMPROVEMENTS IN ATLANTIS SUBDIVISION.
WHEREAS, Indian River County (County), Salama Development
Corporation (Developer), and United Savings of America (Bank)
have entered into a cash deposit and escrow agreement; and
WHEREAS, under the terms of said agreement, the Public Works
Director has caused an inspection of all required improvements,
is satisfied with the work performed, and recommends disbursement
of all 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:
The Bank is hereby authorized to disburse funds from
the escrow account in the amount of $879.00 to the
Developer or any third party or parties upon which the
Bank and Developer agree.
The foregoing resolution was offered by Commissioner. 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
Commissioner Margaret C. Bowman Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 18th day of December , 1985.
BOARDj&F., COUNTY COMMISSIONERS
OF TNDIAq RIVER COUNTY, FLORIDA
BY:
Attest:
FREDA WRIGHT,K-
STATE OF FLORIDAU
COUNTY OF INDIAN RIVER
I HEREBY CERTIFY that on this day, before me, an officer
duly authorized in this State and County to take acknow dge-
ments, personally appeared PATRICK B. LYONS and FREDA WRI 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 me
that they executed the same.
WITNESS my hand angl, official Aal in the County and State last
aforesaid this day of , 1985.
NICIfr
ary blic
r r•) ` It ( R)RIX STATE X�K KORIDIi
APPROVED AS TO FOAND LEGAL 0'IN GENERAL wsusAHCF.UNDI
SUFFICIENCY � 1 dMMISLION EXPIRES JUtY.•,a 1984
BY: 4J�� IIII'
BRUCE BARKETT
Assistant County Attorney