HomeMy WebLinkAboutResolution 287-1991
Board of County Comm1ssioners
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RESOLUTION NO. 287 -1991
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A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF,:MONROE COUNTY, FLORIDA, AUTHORIZING THE
SUBQlDINATION OF TWO MORTGAGES HELD BY THE COUNTY
ON GULF SHORE APARTMENTS AFFORDABLE HOUSING
PR~JECT IN MARATHON IN RETURN FOR CERTAIN
cpmgDERATION AND PROVIDING THAT THE MAYOR IS
AijT~RIZED TO EXECUTE ON BEHALF OF THE COUNTY ANY
DOCUMENTS NEEDED TO CARRY OUT THE SUBORDINATION.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA,
Section 1.
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That the Mayor/Chairman of the Board hereby
consents to the Subordination of its two mortgages for the
affordable housing project GULF SHORE APARTMENTS, located at 999
41st Street Gulf, Marathon, Florida, upon the consideration that
the owners of the aforementioned project will continue the
affordable housing project. This Subordination shall be to FIRST
NATIONAL BANK OF THE FLORIDA KEYS.
Section 2.
The Mayor is authorized to execute on behalf
of Monroe County any documents necessary to carry out the
subordination.
PASSED AND ADOPTED by the Board of County Commissioners
of Monroe County, Florida, at a regular meeting of said Board
held on the 28th day of
August
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1991.
Mayor Harvey
Mayor Pro Tem London
Commissioner Cheal
Commissioner Jones
Commissioner Stormont
Yes
NEt Qresent
Yes
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Ye.s
Yes
(SEAL)
ATTEST: DANNY L. KOLHAGE, CLERK
BY,LtL~fY ~
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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By:
Mayor 7 Cnalrman ·
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SUBORDINATION AGREEMENT
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WHEREAS, under date February 4, 1988 a mortgage was given by
Clinton LeBaron, Juanita LeBaron, and Ralph Olson, in favor of
Monroe County a political subdivision of the State of Florida,
which mortgage was recorded in Official Records Book 1040, Page
1958, of the Public Records of Monroe County, Florida, and
WHEREAS, a subsequent mortgage was given by Clinton LeBaron,
Juanita LeBaron, and Ralph Olson, in favor of the Monroe County,
which mortgage was recorded inOfficial Records Book 1089, Page
1695, of the Public Records of Monroe County, Florida, and
WHEREAS, the legal description of the property subj ect to
the said mortgages is attached hereto as Exhibit "A" and made a
part hereof, and
vffiEREAS, the undersigned, in consideration of the sum of Ten
Dollars($10.00) and other good and valuable consideration, agree
to subordinate these Mortgages to a new First Mortgage in favor
of FIRST NATIONAL BANK OF THE FLORIDA KEYS, encumbering the
subj ect property. The Mortgages first described above are by
this instrument subordinated and made inferior to the Mortgage to
be given by Juanita LeBaron and Ralph Olson, in favor of FIRST
NATIONAL BANK OF THE FLORIDA KEYS.
IN WITNESS WHEREOF, the party agreeing to subordinate these
Mortgages have hereunto set their hands and seals on this ___ day
of August, 1991.
(SEAL)
Attest:
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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ctERK
Mayor/Chairman
STATE OF FLORIDA
COUNTY OF MONROE
I HEREBY CERTIFY that on this day before me, an officer duly
qualified to take acknowledgments, personally appeared
J to me know~ to be the person described in and
whO executed the foregoing instrument and they acknowledged
before me that they executed the same.
WITNESS my hand and official seal on this day of
August, 1991.
Notary Public
My Commission Expires:
EXHIBIT A
Situated in the County of Monroe and State of Florida and known
as being a parcel of land consisting of all Lots 9 and 10, Block
5, of the Resubdivision of part of Block 2, and all of Block 5,
of MARATHON BEACH, a subdivision of part of Government Lot 3,
Section 10, Township 66 South, Range 32 East on KEY VACA, as
shown by Plat recorded in Plat Book 2, Page 21 of Monroe County,
Florida, Public Records, and a parcel of contiguous, filled bay
bottom land in the Gulf of Mexico, bounded and described as
follows:
Beginning on the Westerly line of First Street at the
Southeasterly corner of Lot 9, Block 2, of MARATHON BEACH SUBDI-
VISION recorded as a foresaid, bear North 15 degrees, 40 minutes,
00 seconds West along the said Westerly line of First Street, and
Northerly prolongation thereof 166.82. feet; said prolongation
being also a portion of the Easterly line of a parcel of sub-
merged land described in Official Records Book 339, Pages 472 and
473 of Monroe County Public Records, thence bear South 74 de-
grees, 20 minutes, 00 seconds West 200.00 feet to a point on the
Westerly line of said submerged lands described in Official
Records Book 339, Pages 472 and 473 as aforesaid; thence bear
South 15 degrees, 40 minutes, 00 seconds East along the said
Westerly line of said submerged lands and Westerly lines of said
Lots 10 and 9, Block 2 of MARATHON BEACH SUBDIVISION recorded as
aforesaid 166.82 feet to the Southwesterly corner of said Lot 9,
Block 2; thence bear North 74 degrees, 20 minutes, 00 seconds