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Resolution 166-1993 '" APR j U 1993 OMB "? L:) :z: ;0 ... .-, (, :-<- :3: A RESOLUTION OF THE BOARD OF GOVERNORS OF THE tOWER A~ MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF, ," MONROiE COUNTY, FLORIDA, APPROVING AN AWARD OF 'l.QAN 'ft) NATIONSBANK OF FLORIDA, N .A. CONCERNING FUNBING FaR. FIRE EQUIPMENT FOR THE LOWER AND MIDDLE KEYS :l'TRE At'm AMBULANCE DISTRICT, AND AUTHORIZING THE CHAIRMAN to EXECUTE A PROMISSORY NOTE AND TAX ANTICIPATIONWARRANf THEREFOR. RESOLUTION NO. 166 -1993 '-C5 LA.! -'1 :'1 ':J -., ~) 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 awarding of a loan in an amount not to exceed $910,000.00 from NationsBank of Florida, N.A. at an interest rate of 3.93% 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 14th day of April , A.D. 1993. Chairman Cheal Commissioner Feiner Commissioner Ha1enza Commissioner Reich Mayor London yes yes yes yes not present APPROVG) AS TO m'"!~1 ~~-- " 9-, 01..... C;":.J - (SEAL) ATTTEST: DANNY L. KOLHAGE, CLERK BOARD OF GOVERNORS OF THE LOWER AND MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY, FLORIDA BY: tZ ~H BY: ~C. Cw~ DEPUTY CL ~PR 2 2 l~~j 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, ~, 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, N.A., 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 September 30, 1993, an initial payment of Three Hundred Thousand Dollars ($300,000) , with interest thereon at the rate of 3.93% per annum; and on or before the 30th day of March, 1994, the sum of Six Hundred Ten Thousand Dollars ($610,000.00) 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 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 li!h day of April, A.D. 1993. (SEAL) ATTEST: By Clerk BOARD OF GOVERNORS OF THE LOWER AND MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY, FLORIDA By a &,.J? ~ Chairman APPRDVro AS TO FOr'~ LEGAL BUFF/e/EN Dy C':; _ TAX ANTICIPATION WARRANT KNOW ALL MEN BY THESE PRESENTS, that the BOARD OF GOVERNORS OF THE LOWER 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 United States, at its banking offices in Key West, Monroe County, Florida, 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 September, 1993, an initial payment of Three Hundred Thousand Dollars ($300,000), with interest thereon at the rate of 3.93% per annum; and on or before the 30th day of March, 1994, the sum of Six Hundred Ten Thousand Dollars ($610,000.00) with interest thereon at the rate 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 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 14th day - of April, A.D. 1993. By Clerk BOARD OF GOVERNORS OF THE LOWER AND MIDDLE KEYS FIRE AND AMBULANCE DISTRICT OF MONROE COUNTY, FLORIDA By ~. ~~ Chairman , (SEAL) ATTEST: formswarrant