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Fort Walton Beach Resolution — 84-37-Option Price-City Portion of Gas District — reading text
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RESOLUTION NO. I.{3 -
7
A RESOLUTION INSTRUCTING THE CITY ATTORNEY TO
PREPARE A NOTICE TO THE OKALOOSA COUNTY GAS
DISTRICT OF EXCERCISING CITY' S RIGHTS; AUTHORIZING
THE ATTORNEY TO SERVE NOTICE AND DIRECTING THE
ACCOUNTANTS TO DETERMINE THE OPTION PRICE OF THE
CITY' S PORTION OF THE GAS DISTRICT AND PROVIDING
FOR AN EFFECTIVE DATE HEREOF.
WHEREAS, the City granted a franchise to the Okaloosa
County Gas District on March 9, 1954, and
WHEREAS, the said
Resolution provided certain rights to
the City, including option for the City to purchase that
an
portion of the franchise, and
WHEREAS, said franchise
expired and it is now in has
the best interest of the City
explore all possibilities to
concerning the prospect of the City' s interest in said
franchise and in exercising its option.
NOW THEREFORE BE IT RESOLVED:
SECTION I. That the
City Attorney is hereby directed
to prepare a notice in
writing, to be signed by the Mayor,
accompanied by this Resolution of the City Council notifying
the Okaloosa County Gas District of its intent to exercise
its rights which are defined in Section XIII ( 13) of
Ordinance No. 142 of the City of Fort Walton Beach and is as
authorized under Section 47 of the City Charter of the City
of Fort Walton Beach.
SECTION That II.
the notice of this exercise, along
with theaccompaning Resolution, shall be personally served
by the City Attorney, upon the Secretary of the Okaloosa
County Gas District at the earliest possible date following
its adoption.
SECTION III. That the City Manager is hereby
authorized to direct the firm of Nicholson and Reeder, to
make an accounting determination of the option price as
specified in Ordinance 142 and to report to the Council for
further action and to request the Okaloosa County Gas
District to cooperate.
ADOPTED in regular session this ) tfttG day of
97- 1984.
ATTEST:
Ja~r:: ~
Cf:.ty Clerk
LV
M:
The form and sufficiency of
the foregoing have been
reviewed and
approved by
the City Attorney.
JAMES . M R~
City At
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