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Resolution 218-1985 Joseph B. Allen, III City Attorney RESOLUTION NO. 218 -1985 A RESOLUTION AUTHORIZING THE MAYOR AND CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, TO EXECUTE A REAL ESTATE PURCHASE AGREEMENT AND ADDENDUM TO REAL ESTATE PURCHASE AGREEMENT BY AND BETWEEN THE CITY OF KEY WEST, FLORIDA, AND THE COUNTY OF MONROE FOR PURCHASE OF PROPERTY LOCATED IN JACKSON SQUARE, KEY WEST, MONROE COUNTY, FLORIDA , COMMONLY REFERRED TO AS "THE USO BUILDING". BE IT RESOLVED BY THE MAYOR AND COUNTY COMMISSION OF MONROE COUNTY, FLORIDA, that the Mayor and Chairman of the Board of County Commissioners of Monroe County, Florida, is hereby au- thorized to execute a Real Estate Purchase Agreement and Addendum to Real Estate Purchase Agreement by and between the City of Key West, Florida, and the County of Monroe, a copy of same being attached hereto, for purchase of property located in Jackson Square, Key West, Monroe County, FLorida, commonly referred to as "The USO Building". PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of said Board held on the 19th day of July, A.D. 1985. BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA /1 -I .. l/.( / / ;,. _..''7';4 " 1'-,/ / .</" /J.n.J...y., ,/.i;e:-. ;..'~ , V' V"ol>-"v'&.:,;..-;;'" '1fI' Mayor/Chairman By (Seal) Attest: DANNY L. KOLHAGE, Clerk jJ /I ~?f~' y// A~u , / er l / ,I ~:~~~~;u:~~~. ..' I ,1:;7' . ~} ",'-rr-7 ' ! 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Attorney's Office . .... ;" t:f'~AL F ~~'r A'!T I'T i: (') ';,\ ~~ i., ,\(: [,L EI" EL'lT ---------.- -.-------.,.-.--.-- ----------.------- THIS AGREEHENT entu.'(:d in to en 1:11e dnte subscribed herein- be low by and bet'ween THE Ct TY (If KEY \-iF~~'J', FLORIDA, ;:, Hunicipal Corporation, hereinaftc}' referred if; n:~ "Seller" and HONROE COUNTY, FLORIDA, a political r';l[hdivision of the State of Florida, hereinafter referred to as "Pul'"chn scr" , l,{lTNESSFTfl : For and in cons idera t ion of j he ~~um of Ten Dollars ($ ] 0.00) and other good and valuable conHidcr~tion t.he receipt and adequa- cy of which is acknmvledged by the. parties hereto, Seller hereby agrees to convey and Purchaser l1ereby agrees to buy the following described real property si tunted in the corporate boundaries of the City of Key Hest, 11onroe Count~:;', Florida Clnd all improvements located thereon: to-wit A tract of land, being ,1 part of Jackson Square and located at tly: corner of 1,Jhi tehead and Southard Streets and having a frontage of 100 feet on Hhitehead St.reet cmd a depth of 223.75 feet more or less along Southard Street. This agreeI!1ent is sul)ject to th(' follmving terms and con- ditions to be performed by the respective parties hereto: 1. Sellers shall not be required to provide proof of mmership by way of abstract or policy of title insurance. Purchaser shall, . r pr~or .0 clos:ing, (,btain a "pencil search" of the involved property and shall obtain copies of all relevant recorded documentation demonstrating the status of the title to the real property described above. Not less than sixty (60) days prior to the closing of this t}'ml:~(lction Purchaser shall notify the Seller of any material defect in the marketability of said title. Purchaser shall thereafter have sixty (60) days to cure any such material titl(' defect. F;tilure to so clIre shall consti- tute a material breach of this Agreement ,md shall give the Purchaser the imrnediate right to r cU1inate this Agreement or to purchase said real property notwithstandinp; said defects at Purchaser's option. Seller shall ha'nish Pnrclwser an up-to-date survey of the property involved. 2. On the date uf clnsinp Spllcrs shall provide and deliver to Purchaser a Warranty Deed in the usual and customary form and further assurances of title marketability by affidavit demonstrating the nonexistence of any liens of any nature against said property. 3. Closing of this transactj on shall occur on or before July 1, 1985 unless extended by mutual agreement of the parties hereto. 4. Payment of the purchase price in the amount of Two Hundred Fifty-six Thousand Dollars ($256,000.00) shall be made to the Se ller by the Purchaser on the date of c los ing. It is anticipated that the Purchaser's source of revenue for this transaction shall be from part of the proceeds of the additional 1% sales tax to be levied on all sales subject to such sales tax during the six-month period cOT']mencin8 January 1, 1985. .In the event such sums are insufficient to pay said purchase price Purchaser shall obtain any further amount necessary from the issuance of Tax Anticipation Notes. 5. Seller and Purchaser hereby stipulate and agree that the aforementioned purchase price represents the actual fair market value of the involved real property and oJ.l improvements situated thereon. 6. Seller shall maintain possession and all rights, duties and obligations pertaining to said property, including the risk of loss or destruction of the premises, until the date of clos- ing. 7. Rents, profits, taxes and similar rights and obliga- tions shall be adjusted and pro-rated as between these parties as of the date of closing hereof. 8. Time shall be and is hereby declared to be of the essence of this Agreement. 9. This Agreement shall be suhject to all laws of the State of Florida and all County anJ/or City Ordinances in effect on the date of this Agreement". Each party hereto shall comply ') L with all such laws ,mellor ordin;ulccs in its performance of this Agreement and each term and condition hereof. Executed at Key West, Florida, this day of , 198 The City of Key West, Florida A Municipal Corporation '1./ /) By L- (t. ) '....J:...LL.(~- ~~s iyl, Jr. le _~ L-P.do t emp:) ~_ Attest l~\:;!.\l )l~1-'-'~ (\ClX~l '---' Josephi e Parker Title C' \ C Sellers: Purchaser: Monroe Countv, Florida A Political tubdivisinn of the State of Florida By Title Attest Title iPPJ:OVED AS 70 FOh'M 3 ADDENDUM TO REAL ESTATE PURCHASE AGREEMENT BETWEEN THE CITY OF KEY WEST AND COUNTY OF HONROE. The following provisions are included, and are a part of the Real Estate Purchase Agreement Between City of Key West and County of Monroe. 10. The deed conveying the subject property to the County shall contain the following provision: If County desires to sell or convey the subject property or any part thereof, and receives from some third party a bona fide offer for the pur- chase thereof, County shall ~isclose the terms of such offer to City in writing within thirty (30) days following receipt by County. City shall have ninety (90) days after receipt of notice to elect to purchase the property on terms identical to those offered by the third party. 11. The parties acknowledge that the County plans to construct a new animal control shelter at Stock Island. The current appraised value of the subject property is $371,800.00. The parties acknowledge that the difference in the current appraised value and the sales price of this Agreement, or $115,800.00, is the City's contribution to the construction, and the City shall not be required to further contribute. The parties further acknowledge that all animal control activities within the City of Key West, will be funded and carried out by ~1onroe County at no further cost to the City of Key West. Dated this day of , 1985. Sellers: The City of Key West, Florida A ~1unicipal Corporation (1 l." I /' ~(m'L.LL J: mes Mir-- , Jr. / Ti le a or-l2..r_:L~J!lP-Q...c~_ ~' - \/ ~- ~\.. ~ Ot&: " (-- -'\ (- ~ttelst ~~:~~~~~~~:r . , ) j jj,- Tl e . ~_ \} Monroe County, Florida A Political Subdivision of the State of Florida Purchaser: By Title Attest Title RESOLUTION NO. 85 -12 7 A RESOLUTION AUTHORIZING THE EXECUTION OF A REAL ESTATE PURCHASE AGREEMENT AND ADDENDUM TO REAL ESTATE PURCHASE AGREEMENT BETWEEN THE CITY OF KEY WEST, FLORIDA AND THE COUNTY OF MONROE. BE IT RESOLVED by the City Commission of the City of Key West, Florida. Section 1. That the attached Real Estate Purchase Agreement and Addendum to Real Estate Purchase Agreement between the City of Key West, Florida and the County of Monroe be and the same is hereby aproved, and the Mayor of the City of Key West be and he is hereby authorized, empowered, and directed to execute the said Agreement on behalf of the City of Key West, and the City Clerk of said City be and she is hereby authorized, empowered, and directed to attest the signatures of the said Mayor on the said contract and affix the Seal of the City thereto. The execution of said agreement is hereby directed to be made in as many counterparts as may be desired or necessary. Section 2. This Resolution shall go into effect immediately upon its passage and adoption and authentication by the signatures of the presiding officer and the Clerk of the Commission. Passed and adopted by the City Commission at a meeting held this 2nd day of July , 1985. ! / -~! '-)) /r c. /- /5 HillA, JR:, 7R PRO TEMPORE ~ ~~k CITY CLERK STATE OF FLORIDA) COUNTY OF MONROE) ss. CITY OF KEY WEST) I, Josephine Parker, Clerk of the City of Key West, Florida, do hereby certify the foregoing and attached to be a true and correct copy of Resolution No. 85-127 , passed and adopted by the City Commission of the City of Key West, Florida, on the 2nd day of Julv 1985 WITNESS my hand and the official Seal of the City of Key West, Florida, this 3rd day of July 1985 ~,\~~ City Clerk d v