HomeMy WebLinkAboutMinutes_Special Meeting_03/01/1968M3::~~,i'~S OF TIIN SP~~,CI~iL FETING OF THE
COUNCILMEN OF THE VILLAGE OF TEQUESTA, FIARIDP.
A Special Meeting of the Councilmen of the Village of Tequesta,
Florida was held Friday, March I, 1968, at 10:05 A.M, at the Bank of
Palm Beach and Trust Company, 40 Coconut How, Palm Beach, Florida. Coun-
cilmen present were Messrs: Bowden, Sylvester, Valier and Cornelius.
Also present was Robert Harp, Village Manager and Clerk and William A.
Lord, Vi1la,ge Attorney.
The Village Clerk advised that all Councilmen had signed a
Waiver of Notice of Special Meeting, which is attached to and a part
of these minutes.
Mayor Bowden advised that the Special Meeting had been called
as suggested by the Village Attorney at the February 20, 1968, Council
Meeting to consider and act upon any remaining matters necessary and re-
quired in connection with the closing of the purchase a.nd sa 1e of the
Tequesta, Water Company, Inc, by the Village of Tequesta..
The Mayor asked the Village Clerk to read a resolution ratifying
and confirming the actions of the Mayor and Clerk and the execution of a
Purchase and Sales Agreement dated August 14, 196?, with Tequesta Water
Co., Inc. in and by which the Village agreed to purchase the assets of
the company; authorization for Mayor and Clerk to consumate the purchase
in accordance with the agreement on March 1, 1968, or as soon thereafter
as may be practicable; authorizing the Ma.yvr and Clerk to pay the costs
• of closing, deliver the cash and Water Revenue Certificates to the selling
company and to do all other things necessary to affect the closing and
authorizing the Mayor and Clerk to do all things necessary to commence
the operation of the Village of Tequesta 6Jater Department immediately
upon the closing of the purchase. Valier moved, second by Cornelius and
passed that the resolution be adopted. Resolution No. 8-67 was thereby
passed and adopted.
Mayor Bowden advised that the Villages Fiscal Agent had recom-
mended a special checking account be set up in the Bank of Palm Beach and
Trust Company to be called the Village of Tequesta, Bond Proceeds Account
in which the cash proceeds received from the sale of $200,000. Water
Revenue Certificates and checks for accrued interest, etc. be deposited
and distributed to pay the necessary closing costs. Cornelius moved,
second by Sylvester and passed that the account be set up and the authorized
signatures be the Village Clerk and Vil]age Treasurer.
There being no further business, the meeting was adjourned at
10:18 A,M,
Respectfully submitted,
Robert Harp
Village Clerk
-35-
