Resolution 187-1980
RESOLUTION NO.187 - 1980
RESOLUTION AUTHORIZING ISSUANCE OF
TAX ANTICIPATION WARRANT FOR MUNICIPAL
SERVICE TAXING OR BENEFIT DISTRICT NO.3.
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desire to borrow the sum of $166,000.00
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. 3 for the years 1980-81,
and 1981-82,
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 No.3 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 $166,000.00 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
exisiting 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 Tax
Collector be, and he is hereby authorized to pay to the said
from the proceeds of taxes levied by
,BOULEVARD BANK
the County of Monroe, State of Florida, on all taxable property
in said Municipal Service Taxing or Benefit District No. 3 for
the years 1980-81 and 1981-82, for the use and benefit of said
Municipal Service Taxing or Benefit District No.3 when said
taxes have been collected and received by said Tax Collector in
amount sufficient to repay the principal sum of $166,000.00 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
J53
hereby authorized to issue a Tax Anticipation Warrant, payable
to said
ROln,F,VARD RANK
, in the amount
of $166,000.00 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 rece ipt of the sum of $166,000.00 by said County.
DATED July 29, 1980.
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA
h/;? flit
By ~.~
Cha', an
Attest:
( 6({f/k/:;h:
(Seal)
APPROVED A$ 70 'ORM
ANQ,
BY
..
Page 2 of 2 Pages
15Lj.
L~... _."___" ,,'.....
TAX ANTICIPATION 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
R()IIT FVI\I~n RANK
, a banking
corporation cxisitng 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 Twenty-Six Thousand Dollars
$166,000.00, 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 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 Flori~a, on all taxable property In Municipal Service
Taxing District or Benefit District No.3, Monroe County, Florida,
for the fiscal years 1980-81 and 1981-82, for the use and benefit
of said Municipal Service Taxing or Benefit District No.3.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal year 1980-81 and 1981-82 for the use and
benefit of Municipal Service Taxing or Benefit District No.3,
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 Warrent.
IN WITNESS WHEREOF, the County of Monroe, 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.
COUNTY
OF~Mor;aZ'E,,&STATE OF
! ,I
/1. /
"-h
{Y{:;-}Z, .,
Chairman
FLORIDA
By
(Seal)
Attest: , , . ~
/~6~~-
l Clerk
II'f '
155