Resolution 093-1994
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RESOLUTION NO. 093 -1994
'94 APR 13 P 3 :53
A RESOLUTION OF THE BOARD OF GOVERNORS OF THE LOWER AND
MIDD~E KEXS, FIRE AND AMBULANCE DISTRICT OF MONROE
C011N"!X.~fLORIDA, RENEWING A LOAN WITH NATIONSBANK OF
]n4,-~'J;pA~.i~;~A:iCpNCERNING FUNDING FOR FIRE EQUIPMENT FOR
ftrn"tOWE:R~ANlJ I MIDDLE KEYS FIRE AND AMBULANCE DISTRICT,
AND AUTHORIZING THE CHAIRMAN TO EXECUTE A PROMISSORY
NOTE AND TAX ANTICIPATION WARRANT THEREFOR.
BE IT RESOLVED BY THE BOARD OF GOVERNORS OF THE LOWER AND
MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY,
FLORIDA, as follows:
Section 1. The Board hereby approves the renewal of a loan
in an amount not to exceed $310,000.00 from NationsBank of
Florida, N.A. at an interest rate of 3.5% per annum concerning
funding for fire equipment for the Lower and Middle Keys Fire and
Ambulance District.
Section 2. The Board hereby authorizes the Chairman to
execute a Promissory Note and Tax Anticipation Warrant concerning
said loan, a copy of same being attached hereto and made a part
hereof.
PASSED AND ADOPTED by the Board of Governors of the Lower
and Middle Keys Fire and Ambulance District of Monroe County,
Florida, at a regular meeting of said Board held on the 23rd
day of March , A.D. 1994.
Chairman Cheal
Commissioner Fenhoff
Commissioner Halenza
Commissioner Freeman
Mayor London
yes
yes
yes
yes
yes
(SEAL)
ATTTEST: DANNY L. KOLHAGE, CLERK
BOARD OF GOVERNORS OF THE
LOWER AND MIDDLE KEYS FIRE AND
AMBULANCE DISTRICT OF MONROE
COUNTY, RIDA
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By,J1~C. ~~
PUTY CLEm{
IRMAN 1
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T1\X ANTICIPATION WARRANT
KNmJ ALL MEN BY THESE PRESENTS, that the BOARD OF GOVERNORS
OF THE Lm-JER AND MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF
MONROE COUNTY, FLORIDA, will pay NationsBank of Florida, N.A., a
banking corporation existing under the laws of the State of
Florida, at its banking offices in Key West, Monroe County,
Florida, the sum of Three Hundred Ten Thousand Dollars
($310,000.00) with interest thereon from the date hereof until
fully paid as follows:
On or before the 29th day of March, 1995, the sum of
Three Hundred Ten Thousand Dollars ($310,000.00) with
interest thereon at the rate of 3.5% per annum.
Principal hereof and interest thereon will be paid in lawful
money of the United States of America from the first proceeds of
taxes when received, which will be levied by the County of
Monroe, State of Florida, on all taxab 1e property in the Lower
and Middle Keys Fire and Ambulance Taxing District in fiscal year
1994-1995 for use and benefit of Lower and Middle Keys Fire and
Ambulance District located in Monroe County, Florida.
This Warrant is issued in anticipation of said taxes so
levied for fiscal year 1994-1995 for the use and benefit of said
Lower and Middle Keys Fire and Ambulance District, for the amount
of principal and interest due in order to provide a fund for the
purpose of purchasing fire equipment for the Lower and Middle
Keys Fire and Ambulance District, and shall be paid solely from
PROMISSORY NOTE
The undersigned, BOARD OF GOVERNORS OF THE LOWER AND MIDDLE
KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY, FLORIDA,.
hereby promises to pay to the order of NationsBank of Florida,
N.A., a banking corporation existing under the laws of the State
of Florida, with offices in Monroe County, Florida, at the
offices of the said NationsBank of Florida tN. A., the sum of
Three Hundred Ten Thousand Dollars ($310,QOO.00), together with
interest thereon at the rate of
3.5%
per annum in fiscal year
1994-1995 (October 1, 1994 - September 30, 1995) from the date
hereof until fully paid as follows:
On or before the 29th day of March, 1995, the sum of
Three Hundred Ten Thousand Dollars ($310,000.00) with
interest thereon at the rate of 3.5% per annum.
This promissory note is secured by a Tax Anticipation
Warrant of even date herewith pledging taxes imposed and col1ect-
ed by the Board for fiscal year 1994-1995.
IN WITNESS WHEREOF the BOARD OF GOVERNORS OF THE LOWER AND
MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY,
FLORIDA, has caused this Promissory Note to be signed by the
Chairman of said Board, attested to by its Clerk and delivered to
NationsBank of Florida, N.A., this 23rd day of March, A.D. 1994.
(SEAL)
ATTEST:
BOARD OF GOVERNORS OF THE
LOWER AND MIDDLE KEYS FIRE AND
AMBULANCE DISTRICT OF MONROE
COUNTY ORIDA
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By lJo~u&' !:-~ank
formsnote
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At1tornf1rI. Offlc.
said taxes when collected and not otherwise, which taxes are
hereby assigned and pledged to the payment of this Harrant.
IN WITNESS ~VHEREOF, the BOARD OF GOVERNORS OF THE LOWER AND
MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE 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 23rd day
of March, A.D. 1994.
B~;;~/~
BOARD OF GOVERNORS OF THE
LOWER AND MIDDLE KEYS FIRE AND
AMBULANCE DISTRICT OF MONROE
COUNT . FLORIDA~
(SEAL)
ATTEST:
formswarrant
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