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Fort Walton Beach Resolution — 61-59-Lease Agreement/Southern States Steel — reading text
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RESOLUTION 61- 59
A RESOLUTION TO BE ENTITLED
A RESOLUTION AUTHORIZING CITY MANAGER OF THE
CITY OF FORT WALTON BEACH TO LEASE TO SOurHERN
STATES STEEL CORPORATION A CERTAIN PARCEL OF
REAL PROPERTY LOCATED IN FORT WALTON ' BEACH,
OKALOOSA COUNTY, FLORIDA, FOR A PERIOD OF TEN
YEARS, FOR A RENT TO BE DETERMINED BY THE CITY
VALUATION, HOWEVER WITH A MINIMUM ANNUAL RENT
OF THREE HUNDRED DOLLARS PER YEAR, PLUS
PAYMENT
OF ANY SPECIAL ASSESSMENTS IN EQUAL ANNUAL
PAYMENTS OVER THE TERM OF THE LEASE, PLUS
INTEREST" PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WALTON BEACH, FLORIDA:
the City of Fort
SECTION 1: That the City Manager of
Florida, is hereby authorized to execute
Walton Beach,
a lease to the Southern States Steel Corporation for the
following described real property lying within the City
of Fort Walton Beach, Okaloosa County, Florida:
For of reference, co'mmence at the southwest
point
corner of the northwest quarter, Section 14,
Township2 South, Range 24 West, OkaloosaCounty,
Florida; thence run north 40 feet, thence east
300 feet, thence 87 degrees right; thence north
535 feet, thence west 278 feet, thence south
535 feet to the point of beginning, all lying
and being within Okaloosa County, Florida.
SECTION 2: That this lease shall be for a period of
payable in advance to be
ten years at an annual rental
determined by paying a sum based on the City Tax
Assessorts appraisal of the above described real property
with imposition of a tax rate of ten mills, provided
however such sum shall never be less than the sum of
Three Hundred Dollars ($ 300) and in addition thereto
the lessee shall pay any special assessments that may
be levied against the above described property in equal
annual paymentst plus interest thereon, over the
remainder of the term of the lease.
SECTION 3: That this resolution shall take effect
the Mayor.
immediately upon its passage and approval by
ADOPTED~~ I~ /96/
APPROVED ~, __
ayor
ST:
ta~U ~~