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201ORDINANCE No. 201 AN ORDINANCE AUTHORIZING THE LEASING OF A CERTAIN PARCEL OF REAL ESTATE FOR THE PURPOSE OF A CITY DUMP AND SETTING FORTH THE COMPENSATION TO BE PAID AS RENTAL FOR SAID PROPERTY. WHEREAS, The City Council of the City of Edgewater deems it necessary and expedient to discontinue the use and location of the property presently used as a city dumping ground; and, WHEREAS, the City of Edgewater has an opportunity to lease a desirable tract of land for said municipal dumping ground; NOW, THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF EDGEWATER, FLORIDA: SE ?ION 1. That the Mayor or Vice Mayor and City Clerk are hereby authorized and directed to execute and deliver a lease to John Grafton and Violet F. Grafton, his wife, covering Lot 40, Assessors Subdivision of the Betts' Grant in Section 38, Township 18 South, Range 34 East as per map in Xiap Book 3, page 153, Public Records of Volusia County, Florida, said lease to have a term of ten years, at a rertal of $5.00 per year, with the right and option to purchase said property from the hereinbefore named lessors at a price of $1000.00 plus 10% per annum or fraction thereof, plus closing costs. SECTION 2. That all ordinances or parts of ordinances in con- flict herewith be and the same hereby are repealed. SECTION 3. That this ordinance shall take effect immediately upon its passage and approval of the Mayor. The above ordinance was read in full and passed by vote of the City Council of the City of Edgewater, Florida, at a regular meeting held on June 16, 1958. Upon motion duly made, seconded and carried, the requirement of reading said ordinance upon second reading was waived and the ordinance was ordered put upon final passage. _4 o Passed by vote of the City Council of the City of Edgewater, Florida, at a regular meting of said Council held on the 16th day of June, A. D. 1958, and approved as provided by law, the vote of said council being as follows: ouilman an(lma man Approved this June 16, 1958. ayor - -�