Fort Walton Beach Resolution — 74-32-Lease for county extension bldg — reading text

RESOLUTION 74- 32 A RESOLUTION AUTHORIZING THE CITY MANAGER TO LEASE TO OKALOOSA COUNTY A CERTAIN PARCEL OF REAL PROPERTY LOCATED IN FORT WALTON BEACH, OKALOOSA COUNTY, FLORIDA FOR A PERIOD OF TEN 10) YEARS AND' CONTINUING ANNUALLY THEREAFTER WITH THE CONSENT OF THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE SUM OF ONE DOLLAR ($ 1. 00) PER YEAR, AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: SECTION 1. That the City Manager of Fort Walton Beach, Florida is hereby authorized to execute a lease with Okaloosa County of the following described real property lying within the City of Fort Walton Beach, Okaloosa County, Florida: For a point of reference the southwest corner of the northwest corner, Section 14, Township 2 South, West, Range thence east 2126. 7 24 feet thence 40 feet to the north right- of- way line to Hollywood Boulevard for the point of beginning; thence north 65. 0 ft., thence east 65 feet, thence south 65 feet, thence west 65 feet to the point of beginning. SECTION 2. That the lease shall be for a period of ten 10) years and shall continue annually thereafter unless the City Manager shall give notice in writing to Okaloosa County prior to the expiration of the year exercising the City' s right to terminate the lease. That Okaloosa County shall pay the sum of One Dollar 1. 00) per year for the use of the above- described property. SECTION 3. That this Resolution shall take effect immediately upon its passage and approval by the Mayor. ADOPTED November 26, 1974 J-- MAYOR7?n~ ?;;~~ 7$ Y ATTEST: Clty Clerk A~- leviewed And A pprove d- B y Th e. CIty Which. Will Be ~ Attorney egal When Enacted By The I of the City City of Fort Walton Beach, Florida. WALTE1 J. j} 1jJJi Oti~ This instrumen~ epared by Walter J. Smit~ Esquire Post Office Dra~~ LL, Fort Walton Beach, ~ orida 32548 LEA S E Comes now the City of Fort Walton Beach, hereinafter referred to as Lessor, and Okaloosa County, hereinafter referred to as Lessee, and in consideration of mutual covenants of the other, the parties hereby agree as follows: 1. Lessor leases to the Lessee for a period of ten ( 10) years the following described real property in Okaloosa County, Florida: For a point of reference the southwest corner of the northwest corner, Section 14, Township 2 South, Range 24 West, thence east 2126. 7 feet thence 40 feet to the north right- of- way line to Hollywood Boulevard for the point of beginning; thence north 65. 0 ft., thence east 65 feet, thence south 65 feet, thence west 65 feet to the point of beginning. 2. The term of this lease shall be for a period of ten years from date, and shall continue annually thereafter unless the City Manager of the City of Fort Walton Beach shall give notice in writing to Okaloosa County prior to the expiration of the yea~ that the City is exercising the right to terminate the lease. 3. The Lessee shall pay the sum of $ 1. 00 per year for the use of the above described property. 4. That the use of the above described property shall be for County Extension Services . only, and in the event that the property is not used for such purposes, the lease shall terminate and shall revert to the Lessor. 5. Lessee shall have the right to terminate this lease at any time by giving notice to the Lessor. WITNESS our hands and seals this ____ day of 1974. Witnesses: CITY OF. FORT WALTON BEACH By SEAL) City Manager Attest: SEAL) City Clerk OKALOOSA COUNTY By { SEAL} Chairman of the Board of County CommissioneI Attest: