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210RESOLUTION NO. 210 A RESOLUTION AUTHORIZING THE PAYMENT TO THE FLORIDA EAST COAST RAILWAY COMPANY OF THE CITY'S SHARE OF FIVE THOUSAND DOLLARS FOR THE INSTALLATION OF CROSSING PROTECTION SIGNALS AT OCEAN AVENUE IN THE CITY OF EDGEWATER, FLORIDA *40 IN QUARTERLY INSTALLMENTS OVER THE EN- SUING TWO YEARS AT NO INTEREST. WHEREAS, the Florida East Coast Railway Company Ins tendered its bill to the City of Edgewater in the amount of Five Thousand ($5,000.00) Dollars for the city's share for the installation of protective crossing devices at Ocean Avenue in the City of Edge- water, Florida as per the terms of an agreement previously entered into between F.E.C. and the City of Edgewater, and WHEREAS, the city, being desirous of paying this amount over a two year period, has requested the F.E.C. Railway Company to allow the payment upon the said terms, and WHEREAS, the Florida East Coast Railway Company has agreed to the payment of the said Five Thousand ($5,000.00) Dollars in this manner. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA: SECTION 1. That payment of the Five Thousand ($5,000.00) Dollars to the Florida East Coast Railway Company, as and for the City's share for the installation of protective crossing devices at Ocean Avenue, be and the same is hereby approved and the Mayor and City Clerk be and the same are hereby authorized to make the said by proper check or draft payments/in quarterly installments over the neat two years, the said payments to bear no interest. SECTION 2. That all Resolutions or parts of Resolutions in conflict therewith be and the same are hereby rescinded. SECTION 3. That this Resolution shall take effect immediately upon its passage by the City Council and approval by the Mayor. �10 The above and foregoing Resolution was presented by Councilman Dietz who moved its adoption, said motion being seconded by Councilman Ledbetter Upon roll call vote said Resolution was duly declared adopted at a regular meeting of the City Council held on December 4, 1967; the vote of said Council upon said roll call being as follows: Approved this 4th day of December A.D., 1967. /y ' 1T Mayor -2-