Resolution 109-1993
OMB
RESOLUTION NO. 109 -1993
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, APPROVING AN AWARD OF LOAN TO
NATIONSBANK OF FLORIDA, N .A. CONCERNING FUNDING FOR
FIRE EQUIPMENT FOR THE LOWER AND MIDDLE KEYS FIRE AND
AMBULANCE DISTRICT, AND AUTHORIZING THE MAYOR TO
EXECUTE A PROMISSORY NOTE AND TAX ANTICIPATIOi WAR~
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BE IT RESOLVED BY THE BOARD OF COUNTY COME'ISSIOtURS l)F
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MONROE COUNTY, FLORIDA, as follows:
Section 1. The Board hereby approves an award~;:Of
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loafi' in an
amount not to exceed $910,000.00 to NationsBank of Florida, N.A.
at an interest rate of 3.93% per annum concerning funding for
fire eqipment for the Lower and Middle Keys Fire and Ambulance
District.
Section 2. The Board hereby authorizes the Mayor 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 County Commissioners of
Monroe County, Florida, at a regular meeting of said Board held
on the
4th
day of
March
, A.D. 1993.
Mayor London
Mayor Pro Tern Cheal
Commissioner Freeman
Commissioner Harvey
Commissioner Reich
Yes
Yes
Yes
Absent
'Ves
~VPl'KJVED ":,,'- TO rCr;M
(SEAL)
ATTEST: DANNY L. KOLHAGE, CLERK
BY:
COUNTY COMMISSIONERS
UNTY, FLORIDA
BY: ~~C. ~~
UTY CD
viexecute
~~
TAX ANTICIPATION WARRANT
KNOW ALL MEN BY THESE PRESENTS, that the BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA, will pay Nations Bank, a
banking corporation existing under the laws of the United States,
at its banking offices in Key West, Monroe County, F10rida~ the
sum of Nine Hundred Ten Thousand Dollars ($910,000.00) with
interest thereon from the date hereof until fully paid as
follows:
On or before the 30th day of March, 1994, the sum of
Nine Hundred Ten Thousand Dollars ($910,000.00) with
interest thereon of 3.93% 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 taxable property in Lower and
Middle Keys Fire and Ambulance Taxing District in fiscal year
1993-1994 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 1993-1994 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
said taxes when collected and not otherwise, which taxes are
hereby assigned and pledged to the payment of this Warrant.
IN WITNESS WHEREOF, the BOARD OF COUNTY COMMISSIONERS 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
day of
, A.D. 1993.
(SEAL)
ATTEST:
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
Clerk
By
Mayor/Chairman
formswarrant
PROMISSORY NOTE
The undersigned, BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, hereby promises to pay to the order of Nations
~, a banking corporation existing under the laws of the State
of Florida, with offices in Key West, Monroe County, Florida, at
the offices of the said Nations Bank, the sum of Nine Hundred
Ten Thousand Dollars ($910,000.00), together with interest
thereon at the rate of 3.93% per annum in fiscal year
1993-1994 (October 1, 1993 - September 30, 1994) from the date
hereof until fully paid as follows:
On or before the 30th day of March, 1994, the sum of
Nine Hundred Ten Thousand Dollars ($910,000.00) with
interest thereon at the rate of 3.93% per annum.
This promissory note is secured by a Tax Anticipation
Warrant of even date herewith pledging taxes imposed and collect-
ed by the Board for fiscal year 1993-1994.
IN WITNESS WHEREOF the BOARD OF COUNTY COMMISSIONERS 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 Nations Bank, this
day of
A.D. 1993.
(SEAL)
ATTEST:
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
Clerk
By
Mayor/Chairman
formsnote
APPROVED AS TO r-Or.M
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