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Resolution 001-1983 RESOLUTION NO. 1 -1983 RESOLUTION AUTHORIZING ISSUANCE OF TAX ANTICIPATION WARRANT FOR MUNICIPAL SER- VICE TAXING DISTRICT NO. 2 OF MONROE COUNTY, FLORIDA. WHEREAS, the Board of Governors of Municipal Service Taxing District No. 2 of Monroe County, Florida, desires to borrow the sum of $23, HIS. DO, and to repay the said loan, together with interest thereon as set forth hereinafter, from anticipated tax on receipts to be received by said District No. 2 from tax revenue on taxable property in Municipal Service Taxing District No. 2 for the fiscal year 1983-84, and WHEREAS, the MARINE BANK OF MONROE COUNTY has agreed to loan said money to said Board of Governors of Municipal Service Taxing District No.2 at an interest rate of 7.4% per annum, now, there- fore, BE IT RESOLVED BY THE BOARD OF GOVERNORS OF MUNICIPAL SERVICE TAXING DISTRICT NO.2 OF MONROE COUNTY, FLORIDA, as follows: 1. That the sum of $23,185.00, together with interest thereon at the rate of 7.4% per annum from date, until fully paid, be and the same is hereby authorized to be borrowed from the }~RINE BANK OF MONROE COUNTY, a banking corporation existing under the laws of the State of Florida, for the purpose of remounting and refurbish- ing an existing modular patient compartment onto a new cab and chassis, and as the Tax Collector shall collect 1983 taxes, he shall pay the same directly to the District, and concurrently with each such payment of taxes received, the District shall pay to the Bank in repayment of said loan, a portion of said taxes collected and remitted to the Board which bears the same ratio to the principal amount of the initial debt as to the amount of the taxes so col- lected bears to the total amount of taxes anticipated to be col- lected for 1983. In addition to the said periodic payment against principal, the District shall pay interest as accrued until the full amount of the principal debt and accrued interest shall have -2- been paid at maturity on , 1984, as set forth in the Promissory Note made and entered into on the above date by and between the District and the Bank. BE IT FURTHER RESOLVED BY THE BOARD OF GOVERNORS OF MUNICIPAL SERVICE TAXING DISTRICT NO.2 OF MONROE COUNTY, FLORIDA, that the said District is hereby authorized to issue a tax anticipation warrant and a promissory note payable to the MARINE BANK OF MONROE COUNTY in the amount of $23,185.00 together with interest thereon at the rate of 7.4% per annum from date until fully paid, payable from anticipated tax revenues for the year 1983 as above set forth, and the Chairman of the Board of Governors of Municipal Service Taxing District No.2 of Monroe County, Florida, and the Clerk of said Board shall be, and hereby are authorized to execute the said tax anticipation warrant and promissory note and to deliver the same to the MARINE BANK OF MONROE COUNTY upon the receipt of the said sum of $23,185.00 by the said Disrict. Passed and adopted by the Board of Governors of Municipal Service Taxing District No. 2 of Monroe County, Florida, at a special meeting of said Board held on the 7th day of January, A.D. 1983. (Seal) BOAP~ OF GOVERNORS OF MUNICIPAL SER~CE TAXINC DISTRICT c!~. ~ By l tJ AAA ~-(q~Pr- j' (/. vicfhai man '/ CJ DLPH W. '~1fml CLERK Attest: ~~C..~,:~ M,. P ~IO.~. ~ Clerk APPROVED AS TO FORM A~:Ef~/E~ . BY (1 .~../ A MGrngy'. O~ =/f/ PROMISSORY NOTE The undersigned, BOARD OF GOVERNORS OF MUNICIPAL SERVICE TAXING DISTRICT NO. 2 OF MONROE COUNTY, FLORIDA, hereby promises to pay to the order of the MARINE BANK OF MONROE COUNTY, a banking corpora- tion existing under the laws of the United States, with offices in Marathon, Monroe County, Florida, on or before one year from the date hereof at the offices of the said MARINE BANK OF 11ONROE COUNTY the sum of Twenty-three Thousand One Hundred Eighty-five Dollars ($23,185.00), together with interest thereon at the rate of 7.4% per annum from the date hereof until fully paid. This promissory note is secured by a Tax Anticipation Warrant of even date herewith pledging taxes imposed and collected by the District for the fiscal year 1983-84. IN WITNESS WHEREOF, the BOARD OF GOVERNORS OF MUNICIPAL SERVICE TAXING DISTRICT NO. 2 OF MONROE COUNTY, FLORIDA, has caused this Promissory Note to be signed by the Chairman of said Board, attested by its Clerk, and delivered to the said MARINE BANK OF MONROE COUNTY, t hi s 7th day of January , 1983. BOARD OF GOVERNORS OF MUNICIPAL S RVICE TAXING DISTRICT NO. (Seal) Attest: . RALPH VI,. V;1irrr, CUnK Yr Il\.V.AAJw,Q.~. I Clerk APPROVED AS TO FORM AND L SUFFICIENCY. ~ ~ BY Alt~. 0"'1(;6 ... ~,.,. .'-( , TAX ANTICIPATION WARRANT KNOW ALL MEN BY THESE PRESEpTS, That the Board of Governors of Municipal Service Taxing District No. 2 of the County of Monroe, State of Florida, will pay the MARINE BANK OF MONROE COUNTY, a banking corporation existing under the laws of the United States, with offices in Marathon, Monroe County, Florida, on or before one year from the date hereof, at the banking offices of the MARINE BANK OF MONROE COUNTY, aforesaid, the sum of Twenty-three Thousand One Hundred Eighty-five Dollars ($23,185.00), together with interest thereon at the rate of 7.4% per annum from the date hereof until fully paid. Principal hereof and interest thereon will be paid in lawful money of the United States of America from the proceeds of taxes when received, which will be levied by the Board of Governors of Municipal Service Taxing District No. 2 of Monroe County, Florida, on all taxable property in said District No. 2 for the tax year 1983 for the use of the said District. This Warrant is issued in anticipation of said taxes so levied for the tax year 1983, for the use and benefit of said Municipal Service Taxing District No.2, for the purpose of remounting and refurbishing an existing modular patient compartment onto a new cab and chassis, and is payable, both as to principal and interest, from the said taxes first collected, which taxes are hereby assigned and pledged to the payment of this Warrant. IN WITNESS WHEREOF, the Board of Governors of Municipal Service Taxing Dj.strict No.2 of Monroe County, Florida, has issued this Warrant and has caused same to be signed by its Chairman and attest- 7th ed to by its Clerk as of the day of January A.D. 1983. (Seal) BOARD OF GOVERNORS OF MUNICIPAL SER~lCE TAXING DISTRICT NO. 2 By \i G Vice hairrnan RALPH W !l'mT'" eUn" Attes t: . ,~o. " IU\ 'I.- "",,;.,;...., j'I\. P..>J...., . o. t 6 Clerk APPROVED AS TO FORM ANf LfGJL SUFFICIEhC'!.--p BY Lk'"~ fL;-;;:.t"l AuonNr'- Office ::;.. - , )