2012-R-02 RESOLUTION NO. 2012-R-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EDGEWATER, FLORIDA, DETERMINING AN
AMENDMENT TO THE PURCHASE AND SALE
AGREEMENT BETWEEN THE CITY AND AMERICAN
ARCHITECTURAL GRAPHICS, INC. FOR PARCEL
NUMBER 7452220A0030 OF THE PARKTOWNE
INDUSTRIAL CENTER IS IN THE PUBLIC INTEREST,
AUTHORIZING THE MAYOR TO EXECUTE ALL
DOCUMENTS NECESSARY TO EFFECT THE SALE AND
PROVIDING AN EFFECTIVE DATE AND ADOPTION.
WHEREAS, the City of Edgewater Florida, broke ground at the ParkTowne Industrial
Center in October of 2005;
WHEREAS, ParkTowne Industrial Center is the largest industrial park in Volusia
County with over 342 acres designed to provide industrial parcels to support manufacturing and
distribution jobs;
WHEREAS, the City previously entered into a Contract for Sale and Purchase with
American Architectural Graphics, Inc. for parcel number 7452220A0030 of ParkTowne which
agreement was subsequently amended and included provisions for purchase credits to be applied
to American Architectural Graphics, Inc. for work performed at ParkTowne on behalf of the
City;
WHEREAS, the credits having now accrued, the sale and purchase transaction will be
finalized with Samuel Sydeski taking title individually in lieu of American Architectural
Graphics, Inc. by way of an Addendum to Contract; and
WHEREAS, the City finds the sale of the ParkTowne property to Samuel Sydeski to be
in the public interest.
NOW, THEREFORE, be it resolved by the City Council of the City of Edgewater,
Florida:
2012 -R -02 1
Section 1. The Mayor is hereby authorized to execute the Addendum to Contract and
all other documents necessary to effect the sale of parcel number 745222OA0030 of the
Parktownelndustrial Center to Samuel Sydeski.
Section 2. This resolution shall take effect upon adoption.
After Motion to approve bymptwi[h Second byPn,nn;lao14.E .,, the
vote on this resolution held on January 9, 2012, was as follows:
AYE NAY
Mayor Mike Thomas X
Councilman Justin A. Kennedy X
Councilwoman Gig Bennington ! &SEN T
Councilman Mike Ignasiak X
(District 4 seat vacant)
PASSED AND DULY ADOPTED this 9th day of January, 2012.
ATTEST: CITY COUNCIL OF THE
Robin L. Matusick
Paralegal
For the use and reliance only by the City of Edgewater, Approved by the City Council of the City of Edgewater
Florida. Approved as to form and legality by: at a meeting held on this 9' day of January, 2012 under
Aaron R. Wolfe, Esquire Agenda Item No.8d
City Attorney
Doran, Sims,Wolfe & Kundid
2012-R-02
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