R2020-68 Payment to Farmer's Table for Pavilion BuildoutRESOLUTION 2020-68
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
�- PALM BEACH, FLORIDA APPROVING A PAYMENT TO FARMER'S TABLE IN
THE AMOUNT OF $48,256.89 FOR THE BUILDOUT OF THE COUNTRY CLUB
CLUBHOUSE PAVILION AND ESTABLISHING A VALUE OF THE PAVILION
AND POOL CONCESSION IMPROVEMENTS PURSUANT TO THE THIRD
AMENDMENT TO THE LEASE AGREEMENT; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, through the adoption of Resolution No. 2019-109 on September 26, 2019, the Village
Council approved a Third Amendment to the Lease Agreement with Farmer's Table whereby Farmer's
Table would construct improvements to the open-air pavilion and swimming pool concession area
("Improvements") at its own cost and such improvements would remain the property of the Village; and
WHEREAS, the Third Amendment further provided that the Village would pay Farmer's Table for the
cost of the Improvements, amortized over a ten-year period, in the event the Lease Agreement expired
or was terminated for any reason other than a material default and breach by Farmer's Table; and
WHEREAS, the Village wishes to pay Farmer's Table for the credit it received from The Weitz
Company for stopping work on the Village's original open-air design for the pavilion and establish the
total cost of the Improvements in accordance with the terms of the Third Amendment; and
WHEREAS, the Village Council determines that the adoption of this Resolution is in the best interests
of the Village and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
Section 2. The Village Council hereby approves a payment to Farmer's Table in the amount of
$48,256.89 toward the build out of the pavilion area of the Country Club Clubhouse, with funds
expended from Account No. K7600-66210 (Country C1ub'Clubhouse Project — Construction and Major
Renovation). The Village Council further establishes the actual cost of the pavilion and pool concession
area improvements, in accordance with the terms of the Third Amendment to the Lease Agreement, at
$656,001.57.
Section 3. This Resolution shall take effect retroactive to September 30, 2020.
PASSED AND ADOPTED THIS 22NDDAY OF OCTOBER, 2020.
(Village Seal)
ATTEST: � �.
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VILLAG " C RK
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MAYOR