Fort Walton Beach Resolution — 67-11-Lease with Vitro-10-years in IP — reading text

RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE BETWEEN THE CITY OF FORT WALTON BEACH AND VITRO SERVICES, A DIVISION OF VITRO CORPORATION OF AMERICA, ON CERTAIN TERMS AND CONDITIONS, PROVIDING THE EFFECTIVE DATE HEREOF. BE RESOLVED IT BY THE CITY COUNCIL OF THE CITY . OF FORT WALTON BEACH, FLORIDA: SECTIONl. That the City Manager on behalf of the City of Fort Walton Beach is hereby authorized to enter into a lease agreement between the City of Fort Walton Beach and Vitro Services, of America, according to the terms a Division of Vitro Corporation and conditions of the lease, a copy of which is attached hereto and made a part hereof by reference. SECTION 2. That the said Vitro Services shall have the the in accordance with the terms out- option to purchase property lined in the lease which is attached hereto. SECTION That this resolution being of an administrative 3. nature shall take full force and effect ~ rrunediately upon its passage and approval by the Mayor. ADOPTED: ~. 9.1 ?{?? f..~., 2J I MA YO R : . .,-/;~ 2A- a-<. O-,,(: c::;., A.,--_ ATTEST: I J.r~~ Ci y Clerk  LEASE AND OPTION TO PUROHASE 1...- _ j Comes now the CITY OP PORT WALTON BEACH, a municipal oox-po- ratlon, here1natter referred to 1.8 the lelsor and VITRO SERVIOES, a Division or Vitro Corporation ot"" Amerlc&, hereinafter referred to aa the les. ee, in Qons1<eration of' the mutual oovenant'. or the other hereby agree: 1. ' l'hat the said lessor hereby lease. to the l., asee tbe fol- lowing de. orlbed real property located in Okaloos& County, Florida, tor a period. of one yea,r fro~ the ds.to hereof: Begin at the aouthwest C01"ner of Section 9, Township 2 South, Ranle 24 \ feat; prooeed nQrth along the weet line of said Section 9, 484 teet , tbence eaat parallel to trhe south line ot Section 9, 900 teet. thence south p& rall, el to the west line ot 9.'.- ton 9_ 484 teet to the Boutb line otSeetlon 9. thenoe a.long the south Bi<leof 8a1d Sect1on9:f 900 feet to the point of becin- The abovementioned tract coniatnl 10 acres. ning.. 2. '. Chat the lessee a~,rees to pay the lelsor as artd tor rent for the prQperty the sum of $ 150 ut}on execution ot this leas. and a term like amount on the same dayot eaohmonth thereafter dur1l!sthe of this leaae.. 3. That the said letiJaee shall have the option to terminate 60 da,. this lea.. by giving to the lessor notice in wrltln~ at least pr10r to the sa1d termination. 4. Tl1at the leesor hereby gIves to the le... e tbe option to the current puronase the aoove deaer1bed property at any time during term or the lea. 8 and betore ternd.nated at a purchase price of $ 1 Ji 500. 00 pel" acre. In the event the le88ee desire to exerciae the option J the lessee must deliver to the lessor notioe of intention of exercising the said option which. aball be 1.n writing and upon receipt or same the the lessor shall have 15 days th$l'earter in which to deliver evidence of title 1n the torll ot an abstraot or title 1n.aurance show1ng the property to be good and aarketable and/ or 1n, uINAD1. tree andel. a,. Qf a.ll encumbrances. Witb1n 15 days atterrece1pt ot ev1denoe of title. tbe sue l.. eee shall deliver to the le. lor any objectIons to the sald title and the lessor then sball bave 15 days tnerea.tter in wh1eh to oorreot any such <ietielene1ea and sball aake eVGrJ ble reaaon& effort to oorrect any det1c1enc1ea in the t1~le. In the event the 8a14 deticiencies are corrected or in th. fI. enttbe title 1s good and marketable) thEtlSa14 cloeing shall " elk,e plao. w1t-l11n 10 daTs thereatter. 5. The lea. or agrees to affix the documentary '- 1JaP,8 ,.,: ti.. deed and tbe l...ee agrees to pay any othett closing coat.,. ' 1'.... will be pl"orated between the parties as ot the date Orelo81~:. 6. In the event the le88ee tails to make any pa,.,...,.: '..' ' Qncblr this lnatrument, the ea'1d lessor may term1na-te tite ltttutB& n4 t1'1.: ...' 8or may resume possession or the property tor it, s own acoountanC! recover the lessee ' the d.ltteJ'enee betwee!l tine ~:.~' t'.d C,tt:: 1mme4i1ately from and the fair rental va.lue of the property reI' the r.. 8I1mte.r' ott1n'. term red\loed. to present worth or said lessor may P!9nt the ,prQperty for the remainder ot the term for the acoount of the lesae. and recover' from the le.. ee at the end ot the term or at the time each pa.yment of rent comes due under this lease the dift@rence bErt" eea the ' re. t leaa,e and the rent received on the re- leas1ng or re- specified in tbe f'.ntl~&. 1:11 elther event the lessor 8bal1 a1$ 0 reeover all expenses in- a.' on of the !>: curred 0:7, I'~ reach lnclud1ng $A reasonable attorrtey'. fee. 7. El~h. l' failing to comply' w1 th the ermsot t, tb1sagree- part)' reasona.ble attGrne,' s fee ment ahallbe liable to the other party tor and court cost. WITNESS our hands and seals this