Resolution 138-1996
~: I I. E.- r'..:_ r '.' '. " (\ :'.
I I L. _ L ,!: ~~. I. ~_ ~ l J ,.
Planning Department
.96 APR -1 P 1 :16
RESOLUTION NO. 138-1996
, " i'~ .1
A RESOLUTION ADOPTING ADMINISTRATIVE PROCEDURES
FOR ESCROWING FUND TO RESTORE AND MANAGE PUBLIC
li"'II./(N[DS AS AUTHORIZED BY SEC. 9.5-344(d), MONROE
COUNTY CODE.
,: l r\
i"l'JNf<r: ii
WHEREAS, Sec. 9.5-344(d), M.C.C., requires that the Board of County
commissioners adopt administrative procedures for the management of escrow
accounts that are established for the restoration and management of public lands in
Monroe County; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA:
Section 1. The money authorized to be escrowed by Sec. 9.5-344(d), M.C.C.,
must be deposited by the development permit applicant in a Monroe County branch
of a federally insured financial institution. The deposit must be in the name of the
County, accompanied by an escrow agreement among the financial institution, the
depositor, and the County into permitting the release of the funds only for one, or
several, of the uses described in Sec. 9.5-344(d), M.C.C. The escrow agreement must
be reviewed for legal sufficiency by the County Attorney and shall, at a minimum,
provide for the following:
a.) The financial institution shall release escrowed funds to the County,
or to a payee designated by the County, upon receipt of application for the release,
signed by the Director of Growth Management, that describes the amount and
proposed use of the funds and certifies that the funds to be released from escrow will
be utilized solely for a use or uses consistent with both Sec. 9.5-344(d), M.C.C., and any
further limitation on use that may be described in the agreement
b.) Agreement by the financial institution to make the escrow account
records available during regular business hours to any auditor employed by the
County, the Clerk of the Circuit Court, or the State of Florida.
PASSED AND ADOPTED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, at a regular meeting of said Board held on the 20th
day of March
,1996.
Mayor Shirley Freeman
Mayor Pro T em Jack London
Commissioner Wilhelmina G. Harvey
Commissioner Keith Douglass
Commissioner Mary Kay Reich
yes
yes
yt:::;
yes
yes
\"\UMW"",,
!>,\\\\ Cj1UNr II',~
~...~ ~~~W.tl"'_~+-
~~.~. . .~~~
::: ~,. .'.p \
:u:. ~~
= : : !
: -:. : %:
- . . -
~ .....~ ~'... i
~ ~ ...foo wt: ,~.. ~ .~
'fi...-~ ........ ~'\.~~
(SE""",,},.O( COUIlT/. \\; ....:-"
"flll' III. 1I \ \ \'\'
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
8y~~f~
ATTEST: DANNY L. KOLHAGE, CLERK
BY~C. UvxJ~
Deputy Clerk
presord/escrow1.res
B
2