Resolution 174-1981
RESOLUTION NO. 174 -1981
RESOLUTION AUTHORIZING BOULEVARD BANK TO ADJUST
INTEREST RATES ON LOANS FOR SPECIAL TAX DISTRICTS.
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, on July 15, 1980, did authorize the borrowing of certain
sums of money from the Boulevard Bank for the use of various special
tax districts, and
WHEREAS, by Resolution No.290-1980, the Board of County Com-
missioners of Monroe County, Florida, did adjust the interest rates
on the said loans from 6.2% to 6.5% per annum, and
WHEREAS, the principal balance due on said loans have been
reduced because of payments by the County to the Boulevard Bank,
now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, as follows:
That the Boulevard Bank 1S hereby authorized and directed to
adjust the interest rate on the unpaid balances due on the various
loans authorized by the Board of County Commissioners of Monroe
County, Florida, on July 15, 1980, from 6.5% to 8.2%, which said
adjusted interest rate shall be effective as of June 1, 1981, and
the said adjusted interest rate is hereby approved by the Board
of County Commissioners of Monroe County, Florida.
Passed and adopted by the Board of County Commissioners of
Monroe County, Florida, at a regular meeting held on the 2nd day
of June, A.D. 1981.
BOA~ COUNTY CO~WISSIONERS
OF M OE COUNTY,,.~ .FLO~IpA ,
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By I J1!!;? </ /;
Mayor/Chairman
(Seal)
At7s~~ d&
\/~Clerk
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