Resolution 139-1996
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RESOLUTION NO. 139 -1996
li l<1 ; A fRESOLUTION ADOPTING ADMINISTRATIVE PROCEDURES
FOR ESCROWING OF FUNDS FOR HABITAT RESTORATION AS
AUTHORIZED BY SECTION 9.5-119(0), MONROE COUNTY
CODE.
WHEREAS, Sec. 9.5-119(a), M.C.C., requires that the Board of County
Commissioners adopt administrative procedures for the management of escrow
accounts that are established for the purposes of habitat restoration; 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. 9.5-119(a)(3),
M.C.C., must be deposited in a Monroe County branch of a federally insured financial
institution by the person who would otherwise be required to restore or replant a site.
The deposit must be in the name of the County, accompanied by an escrow
agreement among the financial institution, the depositor, and the County permitting
the withdrawal of the funds by the County only for one, or several, of the uses
described in Sec. 9.5-119(a)(3), 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 an 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. 9-5.119(a)(3), M.C.C.,
and any further limitation on use that may be described in the agreement.
b.) Agreement by the financial institution 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
20th
MONROE COUNTY, FLORIDA, at a regular meeting of said Board held on the
day of March
,1996.
Mayor Shirley Freeman
Mayor Pro Tem Jack London
Commissioner Wilhelmina G. Harvey
Commissioner Keith Douglass
Commissioner Mary Kay Reich
yes
yes
yes
yes
.yes
(SEAL]
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DAN't:tY'f:' KOLHAGE, CLERK
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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By
ayor/Chalrman
ATTEST:
BynaWC.~~
Deputy lerk
presord/ escrow .res
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