90-R-2RESOLUTION NO. 90-R-2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDGE -
WATER, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE
THE CONTRACT FOR SALE AND PURCHASE AND THE ATTACHED
ADDENDUM WITH THE SCHOOL DISTRICT OF VOLUSIA COUNTY,
FOR THE PURCHASE OF APPROXIMATELY 26+ ACRES OF SURPLUS
PROPERTY AT EDGEWATER ELEMENTARY, AND THE CITY OF
EDGEWATER; REPEALING ALL RESOLUTIONS IN CONFLICT
HEREWITH AND PROVIDING FOR AN EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDGEWATER, FLORIDA:
SECTION 1. That the City Council of the City of Edge-
water, Florida, hereby authorizes the City Manager of the City of
Edgewater, Florida, to execute the Contract for Sale and Purchase
and the attached Addendum with the School District of Volusia
County, for the purchase of 26+ acres of surplus property at
Edgewater Elementary.
SECTION 2. That the City of Edgewater agrees to pay the
balance of the purchase price of approximately $214,000.00 in
three installments as follows:
$70,000 cash on closing
$70,000 by November 1, 1991 and
$74,000 by November 1, 1992.
SECTION 3. That a copy of said Contract for Sale and Pur-
chase and the attached Addendum is attached to this Resolution
and by reference incorporated herein as if fully set forth and
marked Exhibit "A".
SECTION 4. That all resolutions or parts of resolutions
in conflict herewith, be and the same are hereby repealed.
SECTION 5. That this resolution shall take effect immedi-
ately upon its adoption by the City Council of the City of Edge-
water, Florida, and approval as provided by law.
This Resolution was introduced and sponsored by councilman
Hatfield , and was read and passed by a vote of the City Coun-
cil of the City of Edgewater, Florida, at a Regular meet-
ing of said Council held on the ,n't day of .Tanuary
1990, and approved as provided by law.
ROLL CALL VOTE AS FOL OWS.
Mayor
OAS/
d
1990.
This R solution prepared by:
ity X ttorhey