Resolution 184-1980
RESOLUTION NO.184- 1980
RESOLUTION AUTHORIZING ISSUANCE OF TAX
ANTICIPATION WARRANT FOR MUNICIPAL SERVICE
TAXING OR BENEFIT DISTRICTS NO. I-A AND
I-B.
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desire to borrow the sum of $42,000.00 before
the end of the year 1980, 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 Municipal Service Taxing or
Benefit Districts No. I-A and l-B for the years 1980-81 and
1981-82, and,
WHEREAS,
BOULEVARD BANK
has agreed to loan said money to said Board of County Commis-
sioners for the years in the Municipal Service Taxing or Benefit
District as set forth above, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, as follows:
1. That the sum of $42,000.00 with interest thereon at
the rate of 6.20% per annum from date until fully paid, be, and
the same 1S hereby authorized to be borrowed from
BOULEVARD BANK
a banking corporation existing
under the laws of the State of Florida, as same is n~eded for the
purchase of emergency service vehicles before th~'~nd of fiscal
year 1979-80, and the Monroe County Tax Collector, be, and he is
hereby authorized to pay to the said,
BOULEVARD BANK
from the proceeds of taxes levied by the County of Monroe, State
of Florida, on all taxable property in said Municipal Service
Taxing or Benefit Districts No. 1-A and 1-B, for the years
1980-81 and 1981-82, for the use and benefit of siad Municipa
Service Taxing or Benefit District when said taxes have been
collected and received by said Tax Collector in an amount
sufficient to repay the principal sum of $42,000.00 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
Page 1 of 2 Pages
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hereby authorized to issue a Tax Anticipation Warrant, payable to
said
BOULEVARD BANK
, ln the amount of
$42,000.00 with the interest thereon at the rate of
6.20%
per annum from date until fully paid, payable out of anticipated
tax proceeds as hereinbefore set forth, and the Chairman and the
Clerk of said County of Monroe, State of Florida, be, and they
are hereby authorized to execute said Tax Anticipation Warrant
and to deliver same to the
BOULEVARD BANK
upon the receipt of the sum of $ 42,000.00
DATED July 29, 1980.
by said County.
BOARD OF COUNTY COMMISSIONERS
OF MONRO~!~~~TY' F~ORIDA
~~
By -- - - - C ai rman
(Seal)
Attest: " /'_.~ ,.
(~:r~b-
BY,
,I, ....
Page 2 of 2 Pages
Ji/-S
TAX ~~TICIPATION WARRANT
KNOW ALL MEN BY THESE PRESENTS, That the County of Monroe,
State of Florida, a political subdivision of the State of Florida,
will pay
ROllI FVi~Rn RANK
, a banking
corporation existing under the laws of the United States, on or
before the
day of
,19
, at its
banking offices in the rity of Key West, County of Monroe,
State of Florida, the sum of Forty-Two Thousand Dollars,
($42,000.00), with interest thereon at the rijte of 6.20% per
annum from date hereof until fully paid.
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 pr9perty ln Municipal Service
Taxing or Benefit Districts No. l-A and l-B, Monroe County,
Florida, for the ifscal years 1980-81 and 1981-82, for the use
and benefit of said Municipal Service Taxing or Benefit Districts
l-A and l-B.
This Warrant is issued ln anticipation of said taxes so
levied for the fiscal years 1980-81 and 1981-82 for the use and
benefit of Municipal Service Taxing or Benefit Districts No. l-A
and l-B, 'Monroe County, Florida, to provide a fund to purchase
emergency service vehicles and is payable, both principal and
interest, solely from said taxes when collected, and not other-
wise, which taxes are hereby assigned and pledged to the
payment of this Warrant.
IN WITNESS WHEREOF, the County of Monroe, State of Florida,
has issued this Warrant arid has caused same to be signed by its
Chairman and attested to by its Clerk as of the 29th day of
July
, A.D. 1980.
COUNTY OF ~r,R OE, STATE OF FLORIDA
By ~~____
Chairman o~ the Board of County
Commissioners of Monroe County,
Florida
Attest: ~
/~ /2
(if.( t:'A~L',/-'
Clerk
(SEAL)
, ~DM"'~~.
AIK1~~'CY;
BY ...d.~d:t
'" A~60lfit;tt.
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