Resolution 186-1980
RESOLUTION NO. 186 - 1980
RESOLUTION AUTHORIZING ISSUANCE OF
TAX ANTICIPATION WARRANT FOR MUNICIPAL
SERVICE TAXING OR BENEFIT DISTRICT NO. I-D.
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desire to borrow the sum of $195,000.00
before the end of the year 1980, and to repay said loan out
of anticipated tax receipts to be received by said County from
the tax revenue on taxable property in Municipal Service
Taxing or Benefit District No. 1-D for the years 1980-81,
1981-82, and 1982-83, and
WHEREAS,
BOULEVARD BANK
has agreed to loan said money to said Board of County Commis-
sioners for the year In the Municipal Service Taxing or
Benefit District No. 1-D 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 $195,000.00 with interest thereon
at the rate of 6.20%
per annum from date until fully paid,
be, and the same is hereby authorized to be borrowed from
BOULEVARD BANK
, a banking corporation exist-
ing under the laws of the State of Florida, as same is needed
for the purchase of emergency service vehicles before the end
'... .
of fiscal year 1979-80, and the Monroe County ra~'Collector be,
and he is hereby authorized to pay to the said
BQULEVARD 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 District No. 1-D for the years 1980-81, 1981-82,
and 1982-83, for the use and benefit of said Municipal Service
Taxing or Benefit District No. 1-D when said taxes have been
collected and received by said Tax Collector in an amount
sufficient to repay the principal sum of $195,000.00 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
ISo
hereby authorized to issue a Tax Anticipation Warrant, payable
to said BOULEVARD BANK
, in the amount of
$195,000.00 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
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 $JQS,OOO by said County.
DATED July 29, 1980.
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUN~Y, FLORIDA
By IfJ ~~
~ Cha i rman
Attest:
/4)~
(. . 1':~-- _n~'
/ er
(Seal)
Page 2 of 2 Pages
15)
TAX .'\NT I C.r P AT ION 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
BOULEVARD BANK
, a banking
corporation existing under the laws of the United States, on or
before the
day of
,19
, at its banking
offices in the City of Key West' County of Monroe, State of
Florida, the sum of One Hundred and Ninety-five Thousand Dollars
($195,000.00), with interest thereon at the rate of 6.20% per
annum from date hereof until fully paid.
Principal hereof and interest thereon will be paid in law-
.
ful 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 Df Florida, on all taxable property in Municipal
Service Taxing or Benefit District No. 1-D Monroe County,
Florida, for the fiscal years 1980-81, 1981-82 and 1982-83, for
the use and benefit of said Municipal Service Taxing or Benefit
District No. I-D.
This Warrant 1S issued in anticipation of said taxes so
levied for the fiscal years,1980-81, 1981~82, 1982-83 for the
use and benefit of Municipal Service Taxing or Benefit District
No. 1-D, Monroe County, Florida, to provide a fund to purchase
emergency vehicles and is payable, both principal and interest,
.
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 County of Monro~, State of Florida,
has issued this Warrant and 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.
Attest ~,
( {f~~
C er '
COUNTY OF ~NROE, STATE OF FLORIDA
By a;~~ .
Chairm~ of'- e Board of,County
Commissioners of Monroe County,
Florida
APPRO, ',. .',;." .(OHM
AND EGALSUFAC~NCY.
BY