Resolution 068-1978
RESOLUTION NO. 68 -1978
RESOLUTION AUTHORIZING ISSUANCE OF
TAX ANTICIPATION WARRANT FOR SPECIAL DISTRICT 6
WHEREAS, the Board of County Commissioners of Monroe
County, Florida, desire to borrow the sum of $133,372.00 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 6 for the year
1978-79, and
WHEREAS, Florida First National Bank of Key West
has agreed to loan 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 $133,372.00 with interest thereon at
the rate of 4 3/4per annum from date until fully paid, be, and
the same is hereby authorized to be borrCMed 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
hereby authorized to pay to the said Florida First National Bank
of Key West
from the proceeds of taxes levied by the County of Monroe, State
of Florida, on all taxable property in said Special District 6
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 $133,372.00 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 authoirzed to issue a Tax Anticipation Warrant, payable to
said Florida First National Bank of Key West, in the amount of
$133,372.00 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 $ l33,372.00by said County.
DATED March 21, 1978.
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA
e ~~
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By/ .,' "'__ . ~~ '
(.../<-- ~or an airman
(Seal)
Attest :')
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W7f4(?2 '
ICIer
I HEREBY CERTIFY that this document
has been reviewed for legal suffi-
ciency and that the same meets with
my apPJ. ;; ,~.
By ~~c:
'" Attorney's Office
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