1992-53 Terminating Lease Agreement with Seacoast
RESOLUTION NO. 53-92
A RESOLUTION OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, AUTHORIZING AND
DIRECTING THE MAYOR AND VILLAGE
CLERK TO ENTER INTO A LEASE
TERMINATION AGREEMENT WITH SEACOAST
UTILITY AUTHORITY ATTACHED AS
EXHIBIT "A" FOR THE PURPOSE OF
TERMINATING THE LEASE AGREEMENT
ENTERED INTO BETWEEN THE PARTIES ON
SEPTEMBER 5, 1991; AND, PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the Village of North Palm Beach is desirous of
entering into a lease termination agreement with Seacoast Utility
Authority for purposes of terminating the lease agreement entered
into between the parties on September 5, 1991.
BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
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BEACH, FLORIDA:
Section 1. The Village Council of the Village of North
Palm Beach does hereby approve the lease termination agreement
attached as Exhibit "A", which lease termination agreement is for
the purpose of terminating the lease of real property entered into
between Seacoast Utility Authority, as lessor and the Village of
North Palm Beach, as lessee, on September 5, 1991.
Section 2. The Mayor and Village Clerk are hereby
authorized and directed to execute the lease termination agreement
with Seacoast Utility Authority set forth in Exhibit "A" for and on
behalf of the Village of North Palm Beach.
Section 3. This Resolution shall take effect immediately
upon its adoption.
t PASSED AND ADOPTED THIS 10th DAY OF December 1992.
(Village Seal) .
MAYOR
ATTES '
VILLAGE CLERK
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AGREEMENT --~
This Agreement, entered into this S~ day of ~ n o m o /' , 199c~.
by and between Seacoast Utility Authority, a Florida legal entity (hereinafter called
"Seacoast") and the Village of North Palm Beach, a Florida municipal corporation
(hereinafter called "Village").
WITNESSETH:
WHEREAS, Seacoast and Village have entered into a Lease Agreement
(hereinafter the "Lease") for the property described on Exhibit "A" (hereinafter the
"Property"), dated September 5, 1991; and
WHEREAS, Village no longer wishes to use Property for purposes set forth in
the Lease; and
WHEREAS, the Benjamin School (hereinafter "Benjamin") wishes to purchase
Property; and
WHEREAS, Village has no objection to the sale of Property to Benjamin; and
WHEREAS, Section 2 of Lease requires either party to provide 365 days written
notice prior to lease termination; and
WHEREAS, both Seacoast and Village wish to waive the 365 day notice
requirement and terminate the Lease effective January 1, 1993.
WITNESSETH:
Section 1. Seacoast and Village hereby agree that all advance notification
requirements appearing in Lease are hereby waived and no longer in force.
Section 2. The Lease is hereby terminated effective January 1, 1993. Until
that date, all provisions of the Lease remain in full force and effect.
Section 3. Village hereby affirmatively declares that it has no objection to the
sale of Property to Benjamin.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
as of the date first above written.
WITNESSES:
~ ~Y
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L
~ N
.(Authority Seal)
VILLAGE OF NORTH PALM BEACH, a
Florida municipal corporation
c
By:
Mayor
A e .
illage Clerk
SEACOAST UTILITY AUTHORITY, a Florida
legal entity
By: ,~~.~ ~--~ .~~.-~~:~
~ .~
Attest:
Mary n anent, Authority Clerk
EXHIBIT "A"
The East 82.00 feet of the West 198.00 feet (measured at right angles to and along the
North boundary thereof) of the North 67.00 feet of the following described parcel:
The West 300.00 feet of the East 420.00 feet of the West 620.00 feet (as measured
along the North and south boundaries thereof) of Lot 6, PLAT OF SUBDIVISION OF
GOVT. LOT 8 -SECTION 4 -TOWNSHIP 42 SOUTH -RANGE 43 EAST, PALM
BEACH COUNTY, FLORIDA, according to the plat thereof recorded in Plat Book 18,
Page 4, of the Public Records of Palm Beach County, Florida. LESS AND
EXCEPTING the North 175.00 feet (measured at right angles to the North boundary
thereof).