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Resolution 287-2021 RESOLUTION NO. 287 - 2021 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE TRANSFER OF $269,684.83 IN FUNDS RECEIVED FROM THE STATE OF FLORIDA IN THE MATTER OF GALLEON BAY V. MONROE COUNTY & STATE OF FLORIDA,CASE NO. CAK-02-595. WHEREAS, On May 26, 2016, a Final Judgment was entered in favor of Galleon Bay, finding Monroe County and the State of Florida liable for the inverse condemnation of Galleon Bay's property on Big Pine Key, FL, in the amount of$480,511.60, inclusive of prejudgment interest through June 1, 2016, plus statutory interest thereafter; and WHEREAS, The Final Judgment was affirmed by the Third District Court of Appeal; and WHEREAS, On September 19, 2019, the Monroe County Land Authority deposited $539,369.67 into the Court Registry to satisfy the Final Judgment on behalf of the County and the State; and WHEREAS, the State subsequently reimbursed the County $269,684.83 for its 50% share of the Final Judgment that the Monroe County Land Authority paid; and WHEREAS,that $269,684.83 is currently being held by the Clerk; and WHEREAS, the Board desires to reimburse the Monroe County Land Authority the $269,684.83 it received as reimbursement from the State, which represents fifty percent of the sum the Land Authority advanced on behalf of the County and the State when satisfying the Judgment; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,FLORIDA: 1. The clerk is directed to transfer$269,684.83 from the Monroe County Board of County Commissioners to the Monroe County Land Authority. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting held on the I5°i day of September 2021. Mayor Michelle Coldiron Yes Mayor Pro Tem David Rice Yes Commissioner Craig Cates Yes Commissioner Eddie Martinez Yes Commissioner District V Vacant Page 1 of 2 br ,A 1 BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA eti BY: Mayor Michelle Coldiron (SEAL) ATTEST: KEVIN MADOK,CLERK By: Set.Sa211 / ki 1�� As Ikputy Clerk Approved as to form and legal sufficiency: Digitally signed by Robert B.filllinger Robert B. Shill inger °uN=numb`"BtyAttoe`o=Monroe County BDCC u=Monroe County Fnornea emau=sbRlinger botomonroecoumy 2.00- c:us Date 20]I.06.]1 l)sl W 0400 Monroe County Attorney n J s � V 9 '— Page 2 of 2