Resolution 085-1987
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Board of County Commission
RESOLUTION NO.
D8S -1987
A RESOLUTION DIRECTING MONROE COUNTY PUBLIC
LIBRARY TO ENTER A CONSENT ORDER TO AUTHORIZE
SALE OF THE INTEREST OF MARGO GOLAN, DECEASED
IN THE HOLIDAY INN LOCATED IN KEY WEST; AND
MAKING OTHER PROVISIONS RELATING TO SAID
CONSENT.
WHEREAS, Margo Golan, deceased did provide in her Last Will
and Testament for a portion of her estate to be left to the
Monroe County Public Library as a vested remainderman: and
WHEREAS, the Monroe County Public Library, through its
properly designated representative is being requested to enter
into a consent order, permitting and allowing the sale of the
aforesaid Holiday Inn: and
WHEREAS, it is in the best interest of Monroe County that
said sale be consummated; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, that:
The Monroe County Public Library, by and through its au-
thorized representative, is hereby directed to enter into that
certain Consent to Order Authorizing Sale, a copy of which is
hereto attached and perform any and all acts in keeping with this
consent so as to further and complete said sale as aforesaid.
PASSED AND ADOPTED by the Board of County Commissioners of
Monroe County, Florida, at a regular meeting of said Board held
on the 3rd day of February, A.D., 1987.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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By V~~ ~:~:k:2:?-~r--/ iJ-/
MAYOR PRO TEM
(SEAL)
Attest: DANNY L. KOLHAGE, Clerk
~r~4~f1IiP~
APPROVED AS TO FORM
ANDLEGALSUFAC~NCY.
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IN THE CIRaJIT CXXJR1' OF 'mE
SIXTEENIH JUDICIAL cmaJIT IN AND
FOR K:NROE CXX.JNIY, FWRIDA
PROBATE DMSIOO
CASE NO. 86-359-CP-10
IN RE:
FSTATE OF
Florida Bar No. 181477
MARGO GOLAN,
Deceased.
/
a:RiPNl' ro ~ AUTfDUZ]K; SALE
The lC'mOE <XXJNIY PUBLIC LIBRARY, being one of the remain::lerman
beneficiaries of the unitrust created under Article VIII of the Last Will
and Testament of MARGO OOLAN, Deceased, having had its appropriate boal:d
review the Petition for order Authorizing Sale, as it pertains to the 16 2/3
shares of COI.llOI1 stock of MARJE'AN, INC., a Florida corporation, and having
been advised that the previous contract to sell to c:x::EAN PROI'.I2('J.'J.l',;S, LTD.,
has been cancelled, hereby consents to the sale by the Estate of MARCD
OOLAN, Deceased of the Estate's entire capital stock ownership interest in
MARJEAN, INC., a Florida corporation, consisting of 16 2/3 shares of u.lIIIUU
stock of such corporation, to RAHN PR(2J:a(,l',WS, INC., a Florida corporation,
for the gross purchase price of $1,366,666.67, all in aCCOIdance with the
Stock Purchase Agreement dated January 26, 1987, as the same may be amended
fran time to time with the consent of the Personal Representative as to any
particular term or provision therein, so long as the gross purchase price is
not reduced belCM $1,366,666.67. The undersigned also hereby consents to
the payment tenns in such contract calling for $205,000.00 at closing and
the balance two (2) years fran closing with interest at nine (9t) per annum
payable roonthly, such balance being secured by a nm1:gage on the Holiday Inn
real property located at the corner of u.s. 1 and Roosevelt Boulevard. The
undersigned also hereby consents, in lieu of the aJ::x:7ve transaction, to the
possible sale by MARJE'AN, INC. of all of its assets to RAHN PROPERTIES,
INC., a Florida corporation for the purchase price of $8,200,000.00, and
consents to the action of ORVIS M. KEMP, as Personal Representative of the
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Accordin9ly, the M::NROE CXXJNTY PUBLIC LIBRARY consents to an order
authorizin9 the sale of such stock to RAHN PROPtJ<'.l'!ES, INC., a Florida
corporation for the gross purchase price of $1,366,666.67 and further
consents to the above possible sale of the assets of MARJFAN, INC.
Dated this ~ day of Fe b rua ry , 1987.
fORE c:xlNn PUBLIC LIBRARY
81,14 ~. . ~ ~ ~ L../u { ....;fi;,
Signature 't.J
Title: ",l~'lI n I ,lyre fr,y--
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