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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