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Item L5 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 2/18/03 - KL Division: Commissioner McCoy Bulk Item: Yes No X Department: BOCC-3 AGENDA ITEM WORDING: Resolution assigning the right of the BOCC to purchase Hawk's Cay Wastewater Treatment Facility to the Florida Keys Aqueduct Authority. ITEM BACKGROUND: PREVIOUS RELEVANT BOCC ACTION: Option Agreement for the Transfer of a Wastewater System executed by Duck Key Wastewater Cooperative, Inc. (DKWC), Hawk's Cay Investors, Ltd. (HCI) and the BOCC on or about June 20, 2002.. CONTRACT/AGREEMENT CHANGES: STAFF RECOMMENDATION: TOTAL COST: BUDGETED: Yes No COST TO COUNTY: REVENUE PRODUCING: yes _ No_ AMOUNT PER APPROVED BY: County Attome~\\').\~OMBIPurChasi o DIVISION DIRECTOR APPROVAL: TH YEAR Management_ DOCUMENTATION: Inc1uded:_ To Follow: _ Not Required: DISPOSITION: AGENDA ITEM# L\] Revised 2/27/01 .........uJ:;; 2/2 Commissioner McCoy RESOLUTION NO. -20Qf A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA TO ASSIGN RIGHT TO PURCHASE HAWK'S CAY WASTEWATER TREATMENT PACJUTY TO THE FLORIDA KEYS AQUEDUCT AUTHORITY WHEREAS, the Duck Key Wastewater Cooperative, Inc. (DKWC), Hawk's Cay Investors, Ltd. (Hel), and the Board of County Commissioners of Monroe County (BOCC), on or about June 20, 2002, jointly executed an Option Agreement For The Transfer Of A Wastewater System (Agreement); and WHEREAS, Paragraph 2 of the Agreement provides the BOCC with the option to enter into a transfer agreement with HeI and DKWC tor the purchase of the wastewater transmission and treatment system serving the Hawk's Cay Development of Regional Impact; and WHEREAS, Paragraph 4 of the Agreement provides that the BOCC may assign the option to the Florida Keys Aqueduct Authority (FI<AA); and WHER.EAS, the FKAA has requested the BOCC to assign the option to the FKAA; and WHEREAS, the BOCC has determined that the assignment of the option Is in the best interests of the BOCC, the FKAA, and the property owners of Duck Key, Conch Key, Walker Key and Indies Island; now, therefore BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that: Section 1. The BOCC hereby assigns to the FKAA, pursuant to the provisions of Paragraph 4 of the Agreement, the option currently held by the BOCC to enter Into a transfer agreement with DKWC and He! for the purchase of the wastewater transmission and treatment system serving the Hawk's Cay Development of Regional Impact. The assignment is effective immediately. Section 2. The County Administrator is authorized to execute any and all documents necessary to flnalize the assignment of the option, and is directed to Immediately provide notice to DKWC and HCI by copy of this Resolution. PASSED AND ADOPTED by the Bollrd of County Commissioners of Monroe County, Florida, at a regular meeting of said Board held on the 18th day of February, 2004. Mayor Nelson Mayor Pro Tem Rice COmmissioner McCoy Commissioner Neugent Commissioner Spehar (SEAL) Attest: DANNY L.KOLHAGE, Clerk BOARD OF COUNTY COMMISSIONERS OF MONROe COUN1Y, FLORIDA By Deputy aerk By Mayor/Chairperson jresHctoFlCM A-r~ ~ 10 ~. 4J,~. O.aL~ 021,2.1,'1