07-24-61b RESOLUTION
WHEREAS, the CITY OF BOYNTON BEACH. FLORIDA, has
heretofore entered into a certain Construction Trust Fund Agreement with
THE ATLANTIC NATIONAL BANK OF WEST PALM BEACH. FLORIDA, as'
Trustee, providing for the disbursement of trust funds derived from the sale
of certain water revenue bonds, Series 1960, issued in connection with the
expansion of the city's municipal water system; and
WHEREAS, Section 3 of said Agreement provides that with-
drawals shall be made from said trust fund, with certain exceptions, only upon
written requisition executed by the General Manager or other duly authorized
official of the city, in charge of the water system, with approval by the
consulting engineers; and
WHEREAS, LOUIS J. SMITZES, as City Manager, has
heretofore been designated by the city as the duly authorized official to prepare
and execute such written requisitions; and
WHEREAS, the said LOUIS J. SMITZES is no longer connecte
wilh the city and it is now necessary that another duly authorized official of the
city be appointed for the above purpose,
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the CITY OF BOYNTON BEACH, FLORIDA, that Mayor John L. Archie
is hereby designated as the official of the CITY OF BOYNTON BEACH.
FLORIDA, duly authorized to prepare and/or approve written requisitions for
withdrawals from the water revenue bond construction trust fund referred to
hereinabove, in accordance with Section 3 of subjectirust agreement. All
other terms and provisions of said trust agreement shall remain in full force
and effect as written, this 24th~ay
PASSED AND ADOPTED CITYz~TF/B~YNTON]BEAQ%I, F~DRIDA
(CORPORATE SEAL) By /
yor
~Y ~m~ ~-- Councilman
Councilman