Resolution 235-1980
-'
RESOLUTION NO. 235 -1980
RESOLUTION AUTHORIZING BOULEVARD BANK TO ADJUST
INTEREST RATE ON LOANS FOR SPECIAL TAX DISTRICTS
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, on July 29, 1980, did award loans for the Special Tax
Districts as shown on the attached listing to the Boulevard Bank
at an interest rate of 6.20 percent, and
WHEREAS, said bid was substantially less than the next highest
bid, and
WHEREAS, said bid was accepted on th basis that same did not
include the cost of recording fees, documentary stamps, and mis-
cellaneous expenses, and
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, is prevented from making such payments from the proceeds
of said loan, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, that the Boulevard Bank is hereby authorized
and directed to proceed to adjust the interest rate of 6.20 percent
to include the necessary expenses associated with the execution of
the loan such as recording fees, documentary stamps and other mlS-
cellaneous expenses and said adjusted interest rate is hereby
approved by the Board of County Commissioners of Monroe County,
Florida.
Passed and adopted by the Board of County Commissioners of
Monroe County, Florida, at a regular meeting held on the 16th day of
September, 1980.
BOARD OF COUNTY COMMISSIONERS OF
MONROE CO TY, FLORIDA
{~
Cha-rman
By
(SEAL)
/
/
t,
--..........
) ,)
._~_.~ )~r ~l
_ff2,~7 " /' _ _/---: /:/ -/7L------'
/cf;eC(( &-/ (L 'd'" /[..-
APPROVED AS TO FORM
AND UGAL SU'FICIENC'I.
BV #/4~~ -,--
, AtrorneV.s Office
Attest:
3~o
.,,- '''-,l.''''~.'''~___''''''':''f'''~'''.'<C-''
~~~~,:'._;':C"
.I.. "'_'~,.' .............v ....~'."."'''"''... ..~;;..;~ ........,..,. .-...""'':\.......,...-'"'''''''' ...,._...-",,_.._'~, -." .:.~ '.
'.#-.., .;........~.."i..:~....-.;....t;".,.".wt;~.......~ JIIll1i:-'lll~"~~JlI;I~"~~~Y
.'1'-..'..-.'-.....-
I
I
~