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64RESOLUTION NUMBER 64 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA, ENTITLED: A RESOLUTION AUTHORIZING SILVER RIDGE PRIVATE SERVICES CORPORATION, a FLORIDA CORPORATION.A NONEXCLUSIVE FRANCHISE TO OWN, MAINTAIN AND OPERATE SEWAGE FACILITIES UPON LANDS TO BE ANNEXED TO THE CITY OF EDGEWATER, FLORIDA AND SPECIF,�Y_,,,IA!�N.GG,r,.THE '� TERMS AND CONDITIONS OF SAID 4061* 4 Z FRANCHISE. WHEREAS, the owners of the following described real estate have petitioned the City of Edgewater, Florida for annexation pursuant to Article IV of the Charter of the City of Edgewater, Florida, the said lands being described as follows: The Southwest one -quarter of the Northeast one -quarter and 9.785 acres described as follows: Beginning at an iron pin on the Southeast corner of the Northwest one -quarter of the Northeast one -quarter and running West a distance of 1320 feet to a corner; thence North a distance of 83 feet to a corner; thence Northeast a distance of 1145.7 feet to a corner on the Westerly side of the State Road; thence Southeast along the State Road a distance of 618.4 feet to a corner; thence South a distance of 24.3 feet to a point of beginning. All of the above being located in Section 2, Township 18 South, Range 34 East in Volusia County, Florida. AND WHEREAS, the election required pursuant to Article IV of the charter of the City of Edgewater, Florida has been called for November 3, 1964; and WHEREAS, Silver Ridge Private Services Corporation, a Florida corporation, is the owner of sewage facilities in and upon the above described lands herein sought to be annexed and has for a period of two years or more exclusively provided valuable services to the lands above described in the way of sewage facilities for the property owners therein; and WHEREAS, in the event of the annexation of the above lands the City of Edgewater, Florida will be unable to provide sewage facilities to the above described lands in the immediate foreseeable future; and WHEREAS, Silver Ridge Private Services Corporation has agreed to provide adequate sewage facilities to the above described lands in accordance with the requirements of the City of Edgewater, Florida until the City of Edgewater, Florida will be able to provide sewage facilities for the above described lands; and WHEREAS, it is to the best interests of the City of Edgewater, Florida that upon annexation of the above described lands adequate sewage facilities be provided; and ncn- WHEREAS, the granting of 4/i exclusive franchise herein will in no way interfere with the existing sewage facilities of the City of Edgewater, Florida or any agreements made per- taining thereto. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA AT Special MEETING ASSEMBLED THIS 23rd DAY OF OCTOBER, 1964: Section 1. That upon the annexation of the lands hereinabove described to the City of Edgewater, Florida pursuant to Article IV of the Charter of the City of Edgewater, Florida, that Silve: Ridge Private Services Corporation, its successors or assigns, non - be and it is thereby granted a/exclusive franchise in and upon the above described lands for the purpose of providing sewage facilities for said lands. non - Section 2. That the/exclusive franchise herein granted shall exist until such time as the City of Edgewater, Florida elects to provide sewage facilities in the area hereinabove described. - 2 - Section 3. That upon the election of the City of Edgewater, Florida to provide sewage facilities in the area hereinabove described, the City of Edgewater shall purchase from Silver Ridge Private Services Corporation or its successors or assigns, iM facilities then owned, operated and maintained by the said Silver Ridge Private Services Corporation in and upon the area herein described at its then fair value, and shall likewise have the option to purchase the disposal plant. Section 4. That upon the purchase by the City of Edgewater non of the facilities hereinabove set forth, this/exclusive fran- chise shall cease and terminate and the City of Edgewater shall thereafter maintain any and all sewage facilities in the area hereinabove described. Section 5. That the Mayor and the City Clerk be and they are hereby authorized and directed to execute on behalf of the City of Edgewater, Florida any and all agreements between it and Silver Ridge Private Services Corporation necessary to carry out the terms and conditions of this resolution. Section 6. That all resolutions or parts of resolutions in conflict herewith are hereby repealed. Section 7. That this resolution shall take effect immediately upon its adoption. The above and foregoing Resolution was introduced by Councilman Cairnie , who moved its adoption, which Motion was seconded by Councilman Siller and the same was duly declared adopted at the Special meeting of the City Council of the City of Edgewater, Florida, held at the - 3 - City Hall this 23rd day of October, A. D. 1964, and a roll call vote being taken the same resulted as follows: Council * )A Eoa�� Councilman Councilman Councilman Authenticated as provided by law this 23rd day of October, 1964. i Mayor A G R E E M E N T THIS AGREEMENT, Made this 23rdday of October, A. D. 1964, by and between the CITY OF EDGEWATER, a municipal corporation of the State of Florida, hereinafter called the party of the first part, and SILVER RIDGE PRIVATE SERVICES CORPORATION, a Florida corporation, hereinafter called the party of the second part, WITNESSETH: 1. That the owners of the following described real estate located in Volusia County, Florida have petitioned the party of the first part for annexation pursuant to Article IV of the Charter of the City of Edgewater, Florida: The Southwest one -quarter of the Northeast one - quarter and 9.785 acres described as follows: Beginning at an iron pin on the Southeast corner of the Northwest one -quarter of the Northeast one -quarter and running West a distance of 1320 feet to a corner; thence North a distance of 83 feet to a corner; thence Northeast a distance of 1145.7 feet to a corner on the Westerly side of the State Road; thence Southeast along the State Road a distance of 618.4 feet to a corner; thence South a distance of 24.3 feet to a point of begin- ning. All of the above being located in Section 21 Township 18 South, Range 34 East in Volusia County, Florida. 2. That the election required under the Charter has been called by the City of Edgewater, Florida for November 3, 1964. 3. That the party of the second part is and for over two years has owned, maintained and operated sewage facilities in and upon the lands hereinabove described. 4. That the party of the first part owns, maintains and operates sewage facilities within the City of Edgewater, Florida. 5. That the existing sewage facilities of the City of Edge- water, Florida will not be extended to the above described land in the immediate future. 6. That until such time as the City of Edgewater, Florida extends sewage facilities so as to include the above described lands, it is necessary that sewage facilities be provided for said lands. NOW, THEREFORE, in consideration of the agreements herein con- tained, it is mutually agreed as follows: 1. That upon the annexation of the above described lands into the City of Edgewater, Florida the party of the first part hereby agrees to grant to the party of the second part, its nor. - successors and assigns, a/ exclusive franchise for the ownership, operation and maintenance of sewage facilities within the above described area. non- 2. That the/exclusive franchise herein granted shall exist only until such time as the party of the first part shall elect to provide sewage services to the said area. 3. That upon the election of the party of the first part to provide sewage facilities to the above described area, the party of the second part hereby agrees that the franchise herein granted shall terminate and it shall cease the owner- ship, maintenance and operation of its facilities. That the party of the first part shall purchase the facilities owned by the party of the second part, its successors or assigns, at its then fair value, and shall likewise have the option to purchase the disc- sal plant. 4. The parties hereto agree that the fair value of the facilities owned by the party of the second part shall be determined in the following manner: The parties hereto shall each designate a gualifted appraiser to thoroughly and scientif- ically appraise the total value of the assets of the party of the second part. That the two appraisers shall then designate and appoint a third appraiser who shall likewise appraise the fair value of the assets and the said appraisers shall then agree upon a fair value. The parties hereto agree that the decision of a majority of the appraisers shall be binding upon the parties hereto and the party of the first part shall pay to the party of the second part the value determined by said appraisal. 5. That the parties hereto specifically agree that the fran- chise herein granted shall not in any way interfere with the sewage program now in existence in the City of Edgewater, Florida. 6. That the party of the second part shall comply with all requirements and regulations of the City of Edgewater, Florida with regard to the operation, maintenance and management of the facilities so long as this agreement shall be in effect. 7. That the parties hereto further agree to execute any and all documents or instruments necessary in order to carry out the full intent of this agreement. IN WITNESS WHEREOF, the parties hereto have caused these pre- sents to be executed by their proper officers this 24rd a `,Yday of October, A. D. 1964. ATTEST: ,city Clrk CITY OF EDGEWATER, FLORIDA i SILVER RIDr`.A?E S$&bICES CORPORM) BY . .- Yra.taen Secretary ��