Resolution 067-1978RESOLUTION NO.67 1978
RESOLUTION.AUTHORIZING .ISSUANCE OF.
TAX ANTICIPATION WARRANT FOR SPECIAL DISTRICT 5-
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desire'to borrow the sum of $77,000.00.before
the end of the.year.1978, 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 Special District 5 for the year
- .1978-.79 , and
WHEREAS Florida First. National. Bank of Key West
has agreed to Than said -money to said Board of County Commis-
sioners for the year in'the Special 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 $77,000.00 with interest thereon at
the rate of 4 3/4 per.annum from date until fully paid, b-e; and
the same is hereby.authorized..to be borrowed from Florida
First National Bank of Key West a banking corporation existing
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 1977-78, and the Monroe'.County-Tax Collector be, and he is
he eb authorized to pay to the said Florida First National" Bank
o fiy West .
from the .proceeds of.taxes levied by the County of Monroe, State
of.Florida,-on all taxable property in said Special District 5
for. the year ' 1978-79, for -the -use and benefit of said Special
District when.said taxes have been collected and received by said
Tax Collector in an amount sufficient to repay the principal sum
of $77,000.00 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
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hereby authorized to issue a Tax Anticipation Warrant, payable to
said Florida First. National Bank of Key West in.the amount of
$77,000.00 with the interest thereon at the rate of 4 3/4
per annum from date until fully paid, payable out of anticipated
tax proceeds as hereinbefore set forth, and the Mayor/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 Florida First.National Bank of Key West
upon the receipt of the sum of $77,000,00 by said County.
DATED March 21, 1978.
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA
At t e-�
Clerk
By /� r����d�"
-Mayor and Chairman
(Seal)
HEREBY CERTIFY -that this document
has been reviewed for legal suffi-
ciei�c;�- .incl that the same .meets with
my approval.
Y
---� Attorney's Office
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