HomeMy WebLinkAboutDocumentation_Regular_Tab 9H_11/14/1996 e
Memorandum
To: Village. Council
From: Thomas G. Bradford, Village Manager /
Date: November 7, 1996 /
Subject : Resolution Approving a Memorandum to Enter into a
Lease and Receipt for Deposit Agreement for
Administrative Office Space; Agenda Item
As you know, the top priority of the Village Council for the
forthcoming year is to implement facilities for the Village
office staff, police, fire, and how to go about paying for the
same. Recently, the Redevelopment Committee reviewed staff work
in this regard and concluded that the only practical way to
address this problem is to use an incremental approach to the
same. Taxpayers are not going to stand for significant increases
in costs. for facility needs yet, the need for additional space is
real and immediate. In this regard, it has been proposed that an
incremental approach be taken to the problem, namely, that
certain functions of the Village relocate from our Village Hall
campus to off-site office space in order to provide additional
space at these facilities . The costs associated therewith would
be incremental in that the increase to the taxpayer would be of
little impact yet the benefit to the Village space needs could be
significant.
Upon review of the office space available in Tequesta, staff is
recommending relocation of the Administrative, Finance and Water
functions of the Village to the Tequesta Corporate Center (First
United Bank Building) on Tequesta Drive. We believe that we have
secured a beneficial lease rate and terms that will prove
beneficial to the Village. Additionally,, we have received
assurances from First United Bank that they will accommodate our
desire for customers to pay their water bills in their bank lobby
or in the drive-thru teller lanes . This should prove to be a
very beneficial proposal for the public we serve.
Attached hereto, you will find the Resolution approving the
Agreement and, of course, a copy of the lease agreement itself.
Likewise, you will also find a copy of a memorandum from the
Director of' Finance indicating that said funds are available this .
fiscal year to pay the associated start-up costs to enable the
Village to make this relocation and to fund the rent payments for
the remainder of this fiscal year.
The remaining aspects of our facility needs pertaining to a
permanent Fire-Rescue facility, renovated Police headquarters and
a permanent Village Hall facility will continue to be reviewed by
the Redevelopment Committee. In fact, a meeting of this
committee is scheduled for November 13 to review the lease
agreement and a status report relative to additional future
facilities and/or renovations .
It is recommended that the Village Council adopt the Resolution
No. 3-96/97 authorizing the Village Manager to enter into the
Agreement for office space at Tequesta Corporate Center.
TGB/cm
villcoun\11696-3
Memorandum
To: Thomas G. Bradford, Village Manager From: . Bill C. Kascavelis, Director of Finance
Date: November 8, 1996
Subject: Funding for Administrative Offices Lea e
A review of the financial position of the General Fund and Water
Enterprise Fund as of September 30, 1996, revealed that financial
resources are available to provide the funding necessary for the
administrative offices lease and associated relocation expenses .
A budget amendment will be prepared providing such expenses, to
be approved by the Village Council at the December 12 , 1996,
Village Council Meeting. The amount' of the amendment, as
estimated by Joann Manganiello, is $65, 025, which will be
allocated equally between the noted Fund budgets .
Respectfully submitted.
BCK/krb
bck\110896.sam
RESOLUTION NO. 3-96/97
1 A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, APPROVING A MEMORANDUM TO ENTER
INTO A LEASE AND RECEIPT ,FOR DEPOSIT WITH
TEQUESTA BUSINESS ASSOCIATES FOR THE LEASE
OF PROPERTY LOCATED AT 250 TEQUESTA DRIVE,
TEQUESTA, FLORIDA 33469, SUITE 300 AND 303
ji AND AUTHORIZING THE VILLAGE MANAGER, TO
ij EXECUTE THE SAME ON BEHALF OF THE VILLAGE.
:: NOW, THEREFORE, be it resolved by the Village Council of
;' the Village of Tequesta, Palm Beach County, -Florida as
I; follows :
i; Section 1. The Memorandum to Enter into a Lease and Receipt •
. for Deposit between the Village of Tequesta and. Tequesta
Business Associates, attached hereto as Exhibit "A" and
1+ incorporated by reference as a part of this resolution, is
thereby approved, and the Village Manager of the Village of
j! Tequesta is authorized to execute the same on behalf of the
11 Village of Tequesta.
' Section 2 . The Village Manager is authorized to do all
ijthings necessary to effectuate the terms of the Memorandum
Ito Enter into a Lease and Receipt of Deposit, including, but
jnot limited to, the execution of a lease agreement on' or
;! before November 15, 1996 .
it
:: THE FOREGOING RESOLUTION was offered by Councilmember
, who moved its adoption. The motion was
!! seconded by Councilmember , and
;iupon being put to a vote, the vote was as follows :
FOR ADOPTION_ AGAINST ADOPTION
li
1•i
I
li
JThe Mayor thereupon declared the Resolution duly passed and
I adopted this day of , 1996 .
MAYOR OF TEQUESTA
jATTEST:
•
it
; Joann Manganiello
1Village Clerk
•
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JONES, FOSTER, JOHNSTON & STUBBS, P. A.
ATTORNEYS AND COUNSELORS
FLADLER CENTER TOWER
e08 SOUTH FLADLER DRIVE
ELEVENTH I:LOoR HENRY F.t1UCN r/u.
LA
E.ALOfANDER MXri/AeL T.RRIiN2 WEST PALM BEACH,FLORIDA 33401 1i•1S
CAM.ANOELOrr JONN BLAIR Mg0RACREN
U.IIIACSY 3IAOIOTTI Km/L.MAMULLEN /IMAM ALL1MOI JOHNOTON
CLAY Q BROORER BRAG PRATT P.a. BOX 3470 In6.lfa
JOYCE A.CONWAY JOHN 0.RANOULIN R.IRu[>:JONm
MAROMCT L.000►ER SWAN J.ROTHMAN WEST PALM BEACH,FLORIDA 33402.5478
!OWARD biAl PETER A SAOHI (00t)OOvJD00 1004•IOM
REBECCA O.WANE D.OULVER SMITH S rAUL a WOl1!
CHa•rorHeR II.DUKE MONEY A MAWPAX:(Set)832404
H.MCH0.A EMLEY ALLEN a TWILW00N WATT
TT O.HAWXINI JOHN a -
TAMPER RETIRED
THORNTON it NENIW BRIAN R.WAXMAN WRITER'S DIRECT LINE: WILLIAM A.POSKR
TITER I.NOLTON It.ADAMS WEAVER
MARK A XLeINPALO &Mail Addree6:JA!@lX.(le(OOA7.00L0 OF COUTAEL
L.MARIN rLANAOAN
JAOK A.14.1600
November 8, 1996
Via Facsimile
Ms. Joann Manganiello
Village of Tequesta
357 Tequesta Drive
Tequesta, Florida 33469
RE: Village of Tequesta Lease of Suites 300 and 303
in the 1st United Bank Building in Tequesta. Florida,
Dear Joann:
I have reviewed the Memorandum to Enter into a Lease and Receipt for Deposit
prepared by Harriet Smith on behalf of Tequesta Corporate Center. Please be advised that
the Memorandum is acceptable to me for form and legal sufficiency. If you have any
questions, please call me.
Very truly yours,
JON' • ' : TER, JOHNSTON& STUBBS, P.A.
AfrJ
Peter S. Holton
PSH:mb
o:IUSERSVtTTYWSH113153.11MANGANIEA 1
Z00/EO0d 806'ON hSbT cTh T9S 631S0A S3NOf 2Z:9T 96/80/TT
TEQUESTA CORPORATE CENTER
MEMORANDUM TO ENTER INTO A LEASE
AND RECEIPT FOR DEPOSIT
A. Receipt is hereby acknowledged by Harriet Smith of H. Smith Realty, Inc., agent
for the Landlord, for the sum of Three Thousand, Nine Hundred Twenty-Seven
and Sixty-Seven Cents . ($3,927.67), representing the first month (December 1996)
rent, received from The Village of Tequesta, hereinafter referred to as "Lessee".
B. The Lessee is a Florida Municipal Corporation and the Village Manager is:
Thomas G. Bradford
C. The owner, Tequesta Business Associates,hereinafter referred to as "Lessor".
D. Property is located at 250 Tequesta Drive, Tequesta, FL 33469, Suite 300 & 303.
1. The space to be leased contains: Suite 300- 1,689 sq.ft./Suite 303- 1,445 sq.ft.
2. The premises shall be used for governmental offices.
3. Type of business is administrative offices for Village of Tequesta, Finance and
Water Utility Departments of the Village and/or any other lawful purpose.
E. The lease and occupancy shall commence on December 15, 1996 and terminate
on December 14, 1999. Lessee shall have Three one-year options under the same
terms and conditions.
1. Total annual rent for year 1 is $35,349.03 for Suites 300 & 303 combined,
paid in monthly installments of$3,927.67 including Common Area Maint-
enance (CAM). Base Rent is calculated at$12.50 per square foot for Ste 300.
and $11.50 psf for Suite 303. CAM is $3.00 per square foot for each suite.
The CAM includes the following:
a. cleaning and maintenance of all common areas, i.e. hallways, restrooms
stairwells, lobby, elevator, parking lot, sidewalks and landscaping.
b. ad valorem taxes
c. building insurance-liability, fire,theft,etc.
d. trash removal
e. common area electricity and water
250 Tequesta Drive • Tequesta, Florida 33469 • 561-747-4177 • Fax 561-747-4189
TEQUESTA CORPORATE CENTER
MEMORANDUM TO ENTER INTO A LEASE
AND RECEIPT OF DEPOSIT
Page 2
2. Lessor is allowing three months free rent in the first year. Rent
payments commence April 15, 1997.
3. Increases years two and three and for each option year,shall be based on
the Consumer Price Index- All Consumers South and capped at 4% (non
compounded) on the anniversary date.
4. Lessee to be responsible for electricity, monthly A/C maintenance and
interior cleaning. Lessor to provide water and common area cleaning.
5. No Security Deposit or advanced last month's rent is required.
F. The parties agree to execute this Memorandum to Lease on or before November
15,1996 and execute a formal Lease Agreement on or before December 1, 1996.
1. Upon execution of the lease, the Lessee may enter the premises to begin
redecorating Suite 300 (see below) and bringing in belongings and furniture
in Suites 300 and 303.
2. Lessor has agreed to give carpet allowance of$12 per yard and wallpaper
allowance of$15.99 per roll toward the redecorating of Suite 300.
3. Lessor will provide labor for painting those walls not wallpapered in Suite
300 and Lessee will provide paint. Lessee agrees no painting necessary in 303.
4. Lessor will install,at its own expense, a sink and cabinet in the former"dark
room" of Suite 303.
5. Lessee will, at its own expense, have the option to do the following:
a. Install doors to the two entrances of the"storage room" in Suite 300.
b. Install up to six ceiling fans in Suite 300. Flush mounted Hunter 52".
c. Install a security system in its space.
d. Install a satellite dish and antenna, etc. on roof of building.
e. Install cabling-appropriate to hook-up security sytem,satellite dish, the
antenna, etc. and the Village's computers.
f. Install sign on west side of building facing Old Dixie Highway and/or any
free-standing sign, if needed. Location to be agreed upon between the
Landlord and Tenant.
250 Tequesta Drive • Tequesta, Florida 33469 • 561-747-4177 • Fax 561-747-4189
TEQUESTA CORPORATE CENTER
MEMORANDUM TO ENTER INTO A LEASE
AND RECEIPT OF DEPOSIT
Page 3
6. Herewith attached is a copy of the recorded parking agreement
between Landlord and adjacent eastern property owner(presently
Felhaber). Lessee will have the sixteen spaces required and does
understand that there is no designated parking allowed in the Village
of Tequesta.
7. Lessee will have 24-hour a day, seven days per week access to the space.
8. When finalized, the lease agreement will include the customary remedies
for default, application of deposit monies, consent for assignment and any
other matters on which the parties shall mutually agree.
G. This is a Letter of Intent and this Memorandum shall not have the effect of a
lease. The parties' rights hereunder are contingent upon finalization and execution
of the lease agreement. The first month's rent in the amount of $3,927.67 shall be
fully refundable to the Village, if the Village and the Landlord do not enter into a
Lease.
H. Persons Bound: This Memorandum shall be binding upon and inure to the
benefit of the parties and their respective heirs, personal representatives, successors
and assigns.
L This Memorandum may not be assigned without the express written consent of
the Lessor.
J. The Agent has provided the Lessee with an "Agency Disclosure" which states
that the Agent represents the Lessor. Agent will be paid by the Lessor. Lessee has
been provided a Radon Gas and Anti-Discrimination Disclosure.
LESSEE: Village of Tequesta DATE
BY
LESSOR: Tequesta Business Associates DATE
BY
250 Tequesta Drive • Tequesta, Florida 33469 • 561-747-4177 • Fax 561-747-4189
•
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� 1365 PACE 161� 385g
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RECIPROCAL OCAL PARKING AGREEMENT Ara Z6 2 44 PH
THIS AGREEMENT, Made and entered into this /n day of
.. )f.A..41 , A. D., 1965, by and between TEQUESTA PLAZA, INC., a
' corporation, .
' Florida cor
1. P on, as OWNER, joined in and approved by JENNIE
ZIEGLER, a widow, as MORTGAGEE, hereinafter referred to as Parties
of the First Part, and FLORIDA BOND AND MORTGAGE COMPANY, a Florida
corporation, its successors or assigns, hereinafter referred to as
Party of the Second Part,
-- WITNESSETH:
WHEREAS, TEQUESTA PLAZA, INC.., a Florida corporation, is the
"• - fee owner of the following described real property, situate, lying
• and being in Palm Beach County, Florida, and more particularly
described as:
A parcel of land in Section 30, Township 40 South, Range 43 •
East, Palm Beach County, Florida, more particularly described
as follows:
From the point of•intersection of the centerline of State
Road No. 5 (U. S. Highway. No. 1) with the South line of Section -
30, Tr mshio 40 South, Range 43 East, run N. 3°54'55" E. along
the said centerline, a distance of 695.55 feet feet; thence run
S 89°46'55" W. 360.16 feet to the point of beginning:
Thence continue S. 09°46'55" W. along the North right-of-
•
way of Bridge Road-681.44 ft. to its intersection with the
Easterly right-of-way of Old Dixie Highway; thence run N.
.- 22°14'20" W. along the said Easterly right-of-way line, 241.81
. feet to its intersection with the Sc"..herly right-of-way line
of Tequesta Drive; thence run N. 67°59'40" E. along the said
right-of-way line, 533.79 feet to the P. C. of a curve to the
right; thence along the arc of a 160.0 ft. radius curve, the
central angle of which is 21°48', an arc distance of 60.88
feet to the P. T. of said curve; thence run N. 89°47'40" E.
. 548.36 feet to a point in the Westerly right-of-way lino of
U. S. Highway No. 1; thence run S. 3°54'55" W. along the said
westerly right-of-way line, 284.74 feet; thence, run S. 89°46'55"
• W. 300.0 feet; thence run S. 3°54'55" W. 150.0 feet to the point
•
of beginning, containing 8.30410 Acres.
and
WHEREAS, JENNIE ZIEGLEP., a widow, holds a mortgage securing a
. debt of $75,000.00 on tho following described real property which is
a portion of the above described property and is situate, lying and
i.,VU �to u.i+t, r a rfE L�
L"u,
•
EORIIAUpuxp, l .
iTh
n1365 racy 162 '
being in Palm Beach County, Florida and more particularly described
•
as: •
A parcel of land in Section 30, Township 40 South, Range 43
•
• East, Palm Beach County, Florida, more particularly described
as follows:
From the point of intersection of the centerline of State
• Road No. 5 W. S. Highway No. 1) with the South line of Section
•
30, Township 40 South, Range 43 East, run N. 3°54'55" E. along
the said centerline, a distance of 695.55 feet; thence run
S 89°46'55" W. 360.16 feet to the point of beginning:
•
• Thence continue S 89°46'55" W. along the North right-of-
way of Bridge Road 681.44 ft. to its intersection with the
Easterly right-of-way of Old Dixie Highway; thence run N.
22°14'20" W. along the said Easterly right-of-way line, 241.81
feet to its intersection with the Southerly right-of-way line
•
of Tequesta Drive: thence run N. 67°59'40" E. along the said
right-of-way line, 533.79 feet to the P. C. of a curve to the
•
• right; thence al.rng the arc of a 160.00 ft. radius curve, the
central angle of which is 21°48', an arc distance of 60.88
feet to the P. T. of said curve; thence run N. 89°47'40" E.
548.36 feet to a point in the Westerly right-of-way line of
U. S.' Highway No. 1; thence run S. 3°54'55" W. along the said
•
Westerly right-of-way line, 284.74 feet; thence, run S 89°46'55'
W. 300.0 feet; thence run S. 3°54'55" W. 150.0 feet to the point
of beginning, c^ntaining 8.30410 Acres.
LESS a parcel of land in Section 30, Township 40 South,
Range 43 East, Palm Beach County, Florida, more particularly
described as follows:
From the point of intersection of the c-.nterline of State
• Road No. 5 M. S. Highway No. 1) with the South line of Section
30, Township 40 South, Range 43 East, run N. 3°54'55" E. along
the said centerline, a distance of 695.55 feet; thence run S.
89°46'55" W. 360.16 feet to the point of beginning; thence
continue S. 89°46'55" W. along the North right-of-way line of
Bridge Road, 516.42 feet; thence run N. 0°13'05" W. 326.37 feet
to a point in the Southerly right-of-way line of Tequesta Drive;
thence run N. 67°59'40" E. along the said Southerly right-of-way
• line, 258.44 feet to the P. C. of a curve to the right; thence
along the arc of a 160.0 foot radius curve, the central angle of
which is 21°48', an arc distance of 60.88 feet to the P. T. of
the said curve; thence run N. 89°47'40" E. 227.83 feet; thence
run S. 0°13'05" E. 284..06 feet; thence run S. 3°54'55" W. 150.0
feet to the point of beginning.
Said above described property shall be hereinafter designated Parcel
"B" and "C"; and
WHEREAS, the OWNER has requested that FLORIDA BOND AND MORTGAGE
COMPANY place a mortgage on the 'following described property to secure
a debt in the amount of $450,000.00, which property is a portion of -
the above described property owned by TEQUESTA PLAZA, INC., and'which
property is described as:
•
-2-
•
•
• 0[411365 PACE 163
• i
A parcel of land in Section 30, Township 40 South, Range 43
East, Palm Beach County, Florida. more particularly described
as follows:
From the point of intcrsection of tho centerline of State
• Road No. 5 (U. S. Highway No. 1) with the South line of Section
30, Township 40 South, Range 43 East, run N. 3°54'55" E. along
the said • i::terline, a distance of 695.55'feet; thence run S.
89°46'S! W. 360.16 feet to the point of beginning; thence
cortint _ S. 89°46'55" W. along the North right-of-way line of •
Bridge Road, 516.42 feet; thence run N. 0°13'05" W. 326.37
feet to a point in'the Southerly right-of-way line of Tequesta
Drive; thence run N. 67°59'40" E. along the said Southerly
right-of-way line, 258.44 feet to the P. C. of a curve to the
right; thence along the arc of a 160.0 foot radius curve, the
central angle of which is 21°48', an arc distance of 60.88 feet
to the P. T. of the said curve; thence run N. 89°47'40" E. 727.83 '
feet; thence run S. 0°13'05" E. 284.06 feet; thence run S.
3°54'55" W. 150.0 feet to the point of beginning;
• which said property is hereinafter referred to as Parcel "A"; and
WHEREAS, the OWNER does hereby intend to create and provide for
• a reciprocal parking agreement in connection with the property set forth
on the attached plot plan;
NOW, THEREFORE, in consideration of the granting of the mortgage
by FLORIDA BOND AND MORTGAGE COMPANY upon Parcel "A" as aforesaid, and
for other good and valuable consideration, the Parties of the First
Part do hereby agree as follows:
I.
The following agreements are covenants running with the land
and are made by each party for the benefit of themselves, each tenant
• now or hereafter leasing all or any portion of either Parcel "A" or
Parcel "B" or Parcel "C", as shown on the attached plot plan, and each
lender making a loan secured by a mortgage or mortgages upon Parcel "A",
Parcel "B" or Parcel "C"•, and for the benefit of the grantees, successors,
assigns, lessees, agents, employees, customers and invitees of each of
the foregoing; and these agreements shall continue in full force and
effect until modified or terminated by mutual agreement of all parties,
then owning or having any interest in the premises affected. Such
. agreements are that:
•
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r .•
•
•
•
n 0 ;
•
iiuA13G5 PACE 164
A. The Parties of the First Part do hereby grant an easement
over and across the above described Parcels "
'A "B" and "C" in favor ".
of each owner and lender holding a mortgage on any part thereof for
the free and uninterrupted ingress and egress to and from any portion
of Parcels "A", "B" and "C" for the use and enjoyment of all of the .
• area indicated on the attached plot plan as parking, driving or ser-
vice areas, and all access ways or routes thereon indicated.
B. The areas may be altered or changed, or any buildings con-
structed thereon only if the existing ratio of parking space to
•building floor space is maintained and the adequate access route and
I•
ingress and egress shall be maintained. It is understood and agreed
that additional buildings will not be constructed on the premises
which would violate this existing ratio.
C. This'Agreement shall be reciprocal between all of the parcels
set forth as owned by TEQUESTA PLAZA, INC., and above described. .•
II.
The.fee owner, TEQUESTA PLAZA, INC., shall at its own expense
and at all times maintain in good repair the common area shown on the
attached plot plan once they have actually been paved' and made avail-
able for e.e.
•
III.
This Agreement shall bind and inure to the benefit of the parties
hereto, their successors and assigns. The respective parties enter
into and undertake the obligations of this agreement both jointly and
severally.
IV.
The parties hereto hereby agree to execute any additional docu-
ments which may be necessary to carry out the intent of this Agreement.
$
IN WITNESS WHEREOF, the parties hereto have executed or caused
• -4-
I •
•• • 0•
frnf61365 PACE 165
to be executed these presents as of the date and year first above
'written. ••,r
• Signed, sealed and delivered `'���������''�
in the presence of: 'i'•'`. i � ^+%', "
• i3. C �s:Ts
--yy / :W ' �'
• i•L•ltttis / .7 f ( T DG STA•PLAZA • .� ‘',••..�S `!
il
/1-- 1.•t.l:•!/ •. By: 1 i�1LQI' C �'.Y,.
/ Wiliam Blomg en,`�p�resident •
Attest: ' [/ I` f� 114 1• •:.r. ..
l' Victor Maffey, S cret,�ry
• (SEAL) •
Jennie ieg r
. 0 x/??.
•
•
(Corporate
Q Sea
•
i �. ,+.� AND MOR ¢ 1 . ..... % .
' L/ FLORIDA/ OND $`ZO;pBI}y:: t�;•5'c
L �/l je/ iesih�rrti i; `�
Attest: jj��� �PL�vV.' ='1�:=i';r•;�.4
STATE OF FLORIDA •
COUNTY OF BROWARD
I HEREBY CERTIFY that on this day, before me, an officer duly
authorized in the State and County aforesaid to take acknowledgments, '
•
personally appeared WILLIAM BLOMGREN and VICTOR MAFFEY, well known to me to be the Presidont and Secretary, respectively, of the corporation
named as a Party of the First Part in the foregoing Agreement, and
• that they severally acknowledged executing-the sane in the presence of
two subscribing witnesses freely and voluntarily under authority duly vested in them by said corporation, and that the seal affixed thereto is the true corporate seal of said corporation.
WITNESS my hand and offic.,i.al seal in the County and State last
aforesaid this /"". day of ,la..•' . A. D., 1965.
.
. . , ':�1a��a-• �
v R rcct.��
;� '�'J�YA scion Expiresi /`/-GL State•
• �cf FloridaY LZC •
• .?o�f;O;rA '•,:�,g,::r a! r:c? : a ,,,., at Large C.`J
•
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•
•
•
STATE OF FLOROAtth1365 PACE 166
• COUNTY OF PALM BEACH •,........... •
I HEREBY CERTIFY that on this day, before me, an officer• duly authorized in the State and County aforesaid to take acknow-
• ledgments, personally appeared JENNIE ZIEGLER, to me known to be __the person described in as a Party of the First Part in the fore-
going Agreement, and who executed the said Agreement and acknow •
-
ledged before me that she executed the same for the uses and N-
purposes therein expressed.
• WITNESS my hand and official seal� l in the County and State last aforesaid this `,3 day of /Il
y/�j E S S;•. '7
ti .
My Commission Expires: NOTARY PUBLIC ::t,if Ql-',•:-LOs.
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STATE OF FLORIDA •
COUNTY OF BROWARD
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County of re aid take acknowledgments,person y appeared . 1 . and
Presidentland S,¢cretat , Lresp ctively, oflthencorporation namedhae s Party of the Second Part in the foregoing Agreement, and that they severally acknowledged executing the same in the presence of two •
subscribing witnesses freely and voluntarily under authority duly •
• vested in them by said corporation, and that the seal affixed thereto
is the true corporate seal of said corporation.
WITNESS my hand and official seal in the County and State last
aforesaid this 0?D7' day of c •-li ', A. D., 196ds.
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NOTARY PO :„�.�:4 r' `;3•?`° •.
Expires: ''-io- 9 . ate of Florida at .•4
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Notify PuDeer State of FLartds'at l+ " ; y .s, .
6ty eon+mltalon o+tplrq Aug-10.1% 31 V ,..``' .
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I CLERK OF CIRCUIT COURT /—...
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SHOPPING CENTE14. •
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TEQUESTA , FLO11IlDA
C EO13CE E.. WAD))EY A.I.A. Al2CH 1TE C T
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• * i)M Fi t
COY-STATE OF gIOA
_ p r � Eby certify that the
�j'i •.• .••a••••• tot ,.:r: iPe true copy
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1 k f i C a �•••� of e rccird In my office
Qa
This f-�i,::7 �r `19—
Clerk Circuit Court •
By
•
11-.14-1996 2:47PM FROM 1ST UNITED BANG 407 575 1310 P.
\\ V.I .MV\1 •\LLlK\6 VW 1p\/1JC:11M l u o ' V. I5b11Dd PAUL 1
•
November 6, 1996
•
-`mot'
FIRST UNITED BANK
- 250 Tequesta Drive
Tequesta,Florida 33469
RE: Agreement between the Village of Tequesta and First United Bank
Dear
Cam. _..
-
,� yat�
This letter will serve to conficrn the agreement between the Village of Tequesta and First
United Bank as reached at the joint meeting on October 28, 1996.
The Village desires to relocate its Administrative Offices and its Water Department Offices
to the First:United Bank Building.located at 250 Tequesta Drive,Tequesta. Florida,.nd
In exchange for the consideration set forth herein on the pact of First United Bank, the
Village agrees as follows: •
1. The Village will relocate its Administrative Offices slid its Water Department
Offices to the First United Bank Building.
2. The Village will open a depository account vritli First United Bank to facilitate
the below-described services to be provided by First United Bank. The depository account
will maintain a balance sufficient to compensate First United Bank for the below-described
services.
In exchange for the relocation of the Village's Administrative Offices and Water Department
Offices to the First United Bank Building and the establishment of a depository account,
First United Bank agrees as follows:
•
1. First United Bank will handle and prepare cash transactions/payments of water
. bills by the Village's Water Department customers and credit the cash payments to the
Village's depository,account Remittance stubs reflecting the cash deposits will be
periodically picked up by Village personnel.
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r.•
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11-14-1996 2:47PM FROM 1ST LNITED BANK 427 575 1310 P. 3
•••� •� �•• • .. . •••u••• •�LL"a•a. v ■•:.IIu;OJ•9 Au: •aol7f7blOd PAUL :!
•
•
2. First United Bank will maintain a drop box in which the Village's Water
Department customers paying their water bills by check may deposit their payment checks.
Village staff will periodically pick up the checks collected in the drop box and credit them
to the Village's depository account at First United Bank.
3. First United Bank will set up a procedure and make accommodations whereby
Village Water Department customers will be able to pay their water bills at the First United
Bank Drive-hi Teller and in the lobby of the First United Bank Building.
4. First United Bank will provide ancillary banking services to the Village free
of charge, which services shall include but are not limited to, free employee checking
accounts, free Villaw wire transfers. and five direct deposit for the Village's employee 5
\ 1/431\-N4 fit';:.
The Village and First United Bank agree and acknowledge that the above described services
to be provided by First United Bank arc essential to making the relocation of the Village's
Administrative Offices and Water Department Offices agreeable to the Village and the
public.
If the above accurately reflects your understanding of the agreement between First United
Bank and the Village of Tequesta, please acknowledge your approval by signing where
indicated below and return the executed letter to the Village.
• Sincerely,
Thomas G. Bradford
Village Manager
Read.approved and accepted by:
0 k t- 3. L
0r �L Date
First United Bank'
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