Resolution 129-1978129
RESOLUTION NO'. -1978
RESOLUTION AUTHORIZING ISSUANCE OF
TAX ANTICIPATION -WARRANT FOR MONROE COUNTY, FLORIDA
WHEREAS, the Board of County Commissioners of Monroe
County,' Florida, desires to',borrow the sum of $386,000.00 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 Monroe County for the year 1978-
79, and
WHEREAS, Key West State Bank has agreed to loan said money
to said Board of County. Commissioners t-or the year in Monroe
County 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 $386,000.00 with interest thereon at
the rate of 4.58% per annum from date until fully paid, be, and
the same is hereby authorized to be,borrowed from Key West State
Bank, a banking corporation existing under the laws of the State
of Florida, as same is needed for the cons-truction of the Upper
Keys Governmental Center before the end o.f fiscal year 1977-79,
and the Monroe County Tax Collector be, and he is hereby authorized
to pay .to the said Ivey ?blest State Bank from the proceeds of taxes
levied by the County of Monroe, State of Florida, on all taxable
property in said Monroe County for the year 1978-79, for the con-
struction of the Upper Keys Governmental Center when said taxes
have been -collected and received by said Tax Collector in an amount
sufficient to repay the principal sum of $386,000.00 and any in-
terest 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 hereby
authorized to issue a Tax Anticipation Warrant, payable to said
Key West State Bank in the amount of $386,000.00 with the interest
thereon at the rate of 4.58% per annum from date until fully paid,
payable out of anticipated tax proceeds as hereinbefore set forth,
APPRO\QED ON 5 . a I'a —e I� Cof 2 `P'ages
0,0}+ €SAGE.
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 Key West
State Bank upon receipt .of the sum of $386,000.00 by said County.
DATEDMay2, 1978.
BOARD OF'.COUNTY COMMISSIONERS OF
MONROE COUNTY,- FLORIDA
-14ayor .- an airmd
(seal).
Attest:.
/j
• � � .:� � �.,�� 'ice%'-� � !��
Clerk
VIEPEI:3Y CERTIFY that t',;�
reviewed for lei
ciency. and that the same ri,c.::::,:>
my approval.
By
Attorney's Office
REPPAT
Date
Page
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