HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 01_10/12/2010 RESOLUTION NO. 34-10
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, FLORIDA, APPROPRIATING
FUND BALANCE AND INCREASING THE GENERAL
FUND #001 2010-2011 BUDGET TO PROVIDE FUNDING
TO PURCHASE REAL PROPERTY AS DESCRIBED IN
THE ATTACHED STIPULATED SETTLEMENT
AGREEMENT AND IN THE COMPLAINT TO FORECLOSE
STATUTORY CODE ENFORCEMENT LIEN (THE
PROPERTY) BY WARRANTY DEED AND AUTHORIZING
THE VILLAGE MANAGER TO PROCEED ON BEHALF OF
THE VILLAGE PROVIDING FOR SEVERABILITY;
PROVIDING AN EFFECTIVE DATE; AND FOR OTHER
PURPOSES.
WHEREAS; the Defendant FL-1 described in the attached "Stipulated
Settlement Agreement" agrees to convey fee simple title to the real
property as described in the Complaint to Foreclose Statutory Code
Enforcement Lien (the Property) by Warranty Deed, in exchange for the
sum of Two Hundred Twenty Five Thousand Dollars ($225,000.00) to be
paid by the Village of Tequesta (Plaintif�;
WHEREAS; the purchase price of $225,000 and additional closing and
"due diligence" costs not to exceed $ associated with
the purchase of said real estate were not budgeted in the current years'
budget,
WHEREAS; This resolution appropriates $225,000.00 plus any costs
related to closing and "due diligence" into the current 2010-2011 General
Fund 2010-2011 budget for that purpose,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Appropriating Fund Balance and increasing the General Fund #001
2010-2011 Budget to provide the funding to purchase the real property as
described in the attached "Stipulated Settlement Agreement", is hereby approved
and the Village Manager of the Village of Tequesta is authorized to execute the
same on behalf of the Village.