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HomeMy WebLinkAboutResolution 050-1969 RESOLUTION NO. 50 -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 Chemical Bank New York Trust Company, one of the authorized fiscal agents for said Card Sound Road and Bridge Project, as follows: Invoice #CP19740, dated 5/16/69. for financial or fiscal services $57.90 a copy of which said invoice is attached hereto, and WHEREAS, the said sum of $57. 90 is for financial or fiscal services performed on said project, and the sum required to pay the total of said ser- vices is not ascertainable as of the date of this Resolution, but is authorized 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 Chemical Bank New York Trust Company, 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 #CP19740. dated 5/16/69 $57.90 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 Bank'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 accordance with the Construction Trust Fund Agreement heretofore entered into between Monroe County, Florida and the Key West State Bank, and in accordance with the agreement between Monroe County, Florida and Chemical Bank New York Trust Company, as one of the authorized fiscal agents for said project. Dated May 27th, 1969.