Resolution 189-1980
RESOLUTION NO.l89 - 1980
RESOLUTION AUTHORIZING ISSUANCE OF
TAX ANTICIPATION WARRANT FOR MUNICIPAL
SERVICE TAXING OR BENEFIT DISTRICT 6.
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 District 6 for the year 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 is hereby authorized to be borrowed from
BOULEVARD BANK
, a banki~g corporation exist-
lng 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 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 District 6 for the years 1980-81 and 1981-82
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
JS,
hereby authorized to issue a Tax Anticipation Warrant, payable
to said
BOULEVARD BANK
, 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 C NTY, FLORIDA
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By
(Seal)
Attest :_)
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Page 2 of 2 Pages
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TAX ANTICIPATION WARRANT
KNOW ALL MEN BY THESE PRESENTS, That tbe County of Monroe,
State of Florida, a political subdivision of the State of Florida,
will pay
ROIIU~V^HI1 R!\NK
, 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 Forty-Two Thousand Dollars,
($42,000.00), 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 Florida, on all taxable property in the Municipal
Service Taxing or Benefit District 6, Monroe County, Florida,
for the fiscal years 1980-8l and 1981-82, for the use and
benefit of said Municipal Service Taxing or Benefit District 6.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal years'1980:8l and 1981-82, for the use
and benefit of the Municipal Service Taxing or Benefit District
6, 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 Monroe, State of Florida,
has issued this Warrant and has caused same to be signed by its
Chairman and attested to by its Cletk as of the 29th day of
July
, A.D., 1980.
BOARD OF COUNTY COMMISSIONERS
OF MONROE
By
Attest~~,/) :&--'~
L~-4- ,
(Seal)
~~1DFORM
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