Resolution 200-1978
RESOLUTION NO. 200-1978
A RESOLUTION REPEALING RESOLUTION NO. 129-1978 AND
RESOLUTION AUTHORIZING ISSUANCE OF TAX ANTICIPATION
WARRANT FOR MONROE COUNTY, FLORIDA.
WHEREAS, the Board of County Commissioners of ~onroe
County, Florida, previously adopted Resolution No. 129-1978 and
since that time the bank offering to loan funds to Monroe County
has changed its name, and
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desires to borrow the sum of $386,000.00 before
the end of the year 1978, and to repay said loan out of antici-
pated tax receipts to be received by said County from the tax
revenue on taxable property in Monroe County for the year 1978-
79, and
WHEREAS, Florida Keys First State Bank, previously
known as Key West State Bank, has agreed to loan said money to
said Board of County Commissioners for the year in Monroe County
as set forth above, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, as follows:
1. That Resolution No. 129-1978 is hereby repealed.
2. That the sum of $386,000.00 with interest thereon
at the rate of 4.58% per annum from date until fully paid, be, and
the same is hereby authorized to be borrowed from Florida Keys
First State Bank, a banking corporation existing under the laws of
the State of Florida, as same is needed for the construction of
the Upper Keys Governmental Center before the end of the fiscal
year 1978-79, and the Monroe County Tax Collector be, and he is
hereby authorized to pay jointly to the said Florida Keys First
State Bank and the Board of County Commissioners of Monroe County,
Florida, and the proceeds of taxes levied by the County of Monroe,
State of Florida, on all taxable property in said Monroe County
for the year 1978-79, for the construction of the Upper Keys
Governmental Center when said taxes have been collected and re-
ceived by said Tax Collector in an amount sufficient to pay the
Page 1 of 2 Pages ~
A~PROV~D ON~_~~=""~_._~~~~.l-l
OOQK. ~,~...~..~t . .~Q1~~_...
principal sum of $386,000.00 and any interest that may be due
thereon if said sum is borrowed.
BE IT FURTHER RESOLVED BY SAID BOARD that the Board of
County Commissioners of Monroe County, Florida, be and it is hereby
authorized to issue a Tax Anticipation Warrant, payable to said
Florida Keys First State Bank in the amount of $386,000.00 with
the interest thereon at the rate of 4.S8% per annum from date
until fully paid, payable out of anticipated tax proceeds as here-
inbefore set forth, and the Mayor/Chairman and Clerk of said
County of Monroe, State of Florida, be, and they are hereby author-
ized to execute said Tax Anticipation Warrant and to deliver same
to the Florida Keys First State Bank upon receipt of the sum of
$386,000.00 by said County.
DATED August 1, 1978.
..,.....-----..
Attest: /
..-- ..7
~~4 ({/~
ler
BOARD OF COUNTY COMHISSIONERS OF
MONROE COUNTY, FLORIDA
By. :?~~~.
. yor an C alrman
(Seal)
/
""""=
I HEREBY CERTIFY that this docur:;e"1t
Ilns been revieweel for I.por;:" "11'1';.
......c __1 ,)._, I
ciency and that the sa;-;-,9 meet:., Ii I :'
my approval.
By ~~# L?:
Attorney's Office
-I' t, 1 E--D
'l~ S PCj\-'
\"d.'~ n
.' 0 ~. 'It'----.--
8:-'.1.'2 ----~- '-~- 5--
. . Qt,. \l,nok " -. ,.-
r.. '6 c _.J.1;,
~age 2 of 2 Pages