Resolution 043-1969
RESOLUTION NO.
43 -1969
WHEREAS, the Board of County Commissioners of Monroe County,
Florida has entered into a Construction Trust Fund Agreement with Key
West State Bank, Key West, Florida, concerning the proceeds from the sale
of $2, 600, 000 Bridge Revenue Bonds set aside for the construction and ac-
quisition of Card Sound Bridge and Road, and the method of paying necessary
expenses from said funds, and
WHEREAS, said Board has received an invoice from Florida National
Bank and Trust Company at Miami, one of the authorized fiscal agents for
said Card Sound Road and Bridge Project, as follows:
Invoice dated 4/23/69, for financial or fiscal services $550.00
a copy of which said invoice is attached hereto, and
WHEREAS, the said sum of $550.00 is for financial or fiscal services
performed on said project, and the sum required to pay the total of said
services is not ascertainable as of the date of this Resolution, but is auth-
orized in whatever amount is usual and ordinary for such services, and
none of the items contained in said invoice have been paid, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, that there is due and owing to Florida Na-
tional Bank and Trust Company at Miami, one of the authorized fiscal agents
for the Card Sound Road and Bridge Project, a fee for services performed
on said project in the amount set forth below:
Invoice dated 4/23/69
$550.00
which said amount is to be paid out of the construction funds held in trust by
the Key West State Bank, Key West, Florida.
BE IT FURTHER RESOLVED BY SAID BOARD that the Clerk of said
Board be, and he is hereby authorized and directed to forward a certified
copy of this Resolution to the Key West State Bank, which shall be said BankI s
authority to transfer said funds to the appropriate account for Monroe County,
Florida in said Bank, in order that the Board of County Commissioners may
make the necessary payments for such services and expenses, all in accor-
dance with the Construction Trust Fund Agreement heretofore entered into
between Monroe County~ Florida and the Key West State Bank, and in ac-
cordance with the contract heretofore entered into between Monroe County,
Florida and Florida National Bank and Trust Company at Miami, as one of
the authorized fiscal agents for said project.
Dated May 13th, 1969.