Resolution 188-1980
RESOLUTION NO.188- 1980
RESOLUTION AUTHORIZING ISSUANCE OF TAX
ANTICIPATION WARRANT FOR MUNICIPAL SERVICE
TAXING OR BENEFIT DISTRICTS NO. 4-A AND
4-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. 4-A and 4-B 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 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
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under the laws of the State of Florida, as same\lg.n~eded 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
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. 4-A and 4-B for the years 1980-81,
1981-82, and 1982-83, for the use and benefit of said Municipal
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
ROTTT FVARn RANK
, in 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 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 by said County.
DATED July 29, 1980.
BOARD OF COUNTY COMMISSIONERS
OF MONROE /YTL FLORIDA
By Ik#<<&n -
(Seal)
Attest:
..~ LLr
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lerk
APPfiOWifJ .d%~' 10 fORM
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TAX fu~TICIPATION WARRANT
KNOW ALL MEN BY THESE PRESENTS, That the County of Monroe,
State of Florida, apolitical subdivision of the State of Florida,
\" i 11 pay
existing under the laws of the United States, on or before the
BotH EVARD BANK
, a banking corporation
day of
, 19
, at its banking offices
in
sum of Forty-Two Thousand Dollars ($42,000.00) with interest
City of Key West
County of Monroe, State of Florida, the
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 w,hen received, which \"ill be levied by the County of Monroe,
State of Florida, on all taxable property In the Municipal Service
Taxing or Benefi~ Districts No. 4-A and 4-B, Monroe County,
Florida, for the fiscal years 1980-81, 1981-82, and 1982-83,
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for the use and benefit of said Municipal Service Taxing or Bene-
fit Districts No. 4-A and 4-B.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal years 1980-81, 1981-82, and 1982-83, for
the use and benefit of the Municipal Service Taxing or Benefit
Districts No. 4-A and 4-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 otherwise, which taxes are hereby assigned and pledged
to the payment of this Warrant.
IN WITNESS WHEREOF, the County of Monroe, State of Florida,
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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.
By
OF FLORIDA
COUNTY OF
County
County,
At tes t: . . ......
(~~/ A2/
Cler~
(Seal)
APFt10VED AS TO FORM
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158
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