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03/15/1995 PROMISSORY NOTE The undersigned, BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, hereby promises to pay to the order of TlB BANK OF THE KEYS, a banking corporation existing under the laws of the State of Florida, with offices in Key West, Monroe County, Florida, at the office of the said TlB Bank of the Keys, the sum of Twenty-two Thousand Dollars ($22,000.00). together with interest thereon at the rate of 6.70% per annum in fiscal year 1995-1996 (October 1, 1995- September 30, 1996) from the. date hereof until fully paid as follows: On or before the 15th day of March, 1996, the sum of Twenty-two Thousand Dollars ($22,000.00) with interest thereon at the rate of 6.;~ per annum. Board for fiscal year 1995-1996. Thiis promissory note is secured by a Tax Anticipation Warranl,of even ~ate_T") 0:. ~ :.:: herewith pledging non-ad valorem assessments imposed and c~C;~d b~ the 8 ~,.." :::- ::1<- ::::c :::-';(" N r- - , lA,) z~'r; IN WITNESS WHEREOF, the BOARD OF COUNTY COMM{sSIONER~ OF ~:~ --" c; .r- 8 l:J -r"D MONROE COUNTY, FLORIDA, has caused this Promissory Note to be-Sighed t5V the '::' Chairman of the Board, attested to by its Clerk and delivered to TlB Bank of the Kevs, this J 5th day of March, 1995. (SEAL) ATTEST: D)\NNY L. KOLHAGE, CLERK BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By A'.ufA~~~ eput Clerk 0 By b/forms/note .cloc TAX ANTICIPATION WARRANT KNOW ALL MEN BY THESE PRESENTS, that the BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, will pay TlB BANK OF THE KEYS, a banking corporation existing under the laws of the State of Florida, at its banking officl~ in Key West, Monroe County, Florida, the sum of Twenty-two Thousand DoIIClrs ($22,000.00) with interest thereon from the date hereof until fully paid as follows: On or before the 15th day of March, 1996, the sum of Twenty-two Thousand Dollars ($22,000.00) with interest thereon of 6.70% per annum. Principal hereof and interest thereon will be paid in lawful money of the United States of America from the first proceeds of the non-ad valorem assessments when received, which will be levied by the County of Monroe, State of Florida, on all taxable property in the Cudjoe Gardens Municipal Service Culvert District in fiscal year 1995-1996 for the use and benefit of the Cudjoe Garde!ns Municipal Service Culvert District located in Monroe County, Florida. This Warrant is issued in anticipation of non-ad valorem assessments levied for fiscal year 1995-1996 for the use and benefit of said Cudjoe Gardens Municipal Service Culvert District, for the amount of principal and interest due in order 10 provide a fund for the purpose of improving water circulation of the canals located in the District through the installation of culverts in the Cudjoe Gardens Municipal Service Culvert District located in Monroe County, Florida, and shall be~ paid solely from said non-ad valorem assessments when collected and not othE~rwise, which assessments are hereby assigned and pledged to the payment of this Warrant. INI WITNESS WHEREOF. the BOARD OF COUNTY COMMISSIONERS OF MONROI:: COUNTY, FLORIDA, has issued this Warrant and has caused same to be signed by its Chairman and attested to by its Clerk as of the 15th day of March, 1995. (SEAL) ATTEST: DANNY l. KOLHAGE. CLERK By .fih~l:r.~fAf;Z;P4'J eputy. lerk U / b/forms/wom:mt.doc