HomeMy Public PortalAboutGulf Stream Golf ClubMODIFICATION OF LEASE AGREEMENT
WHEREAS, a Lease Agreement was entered into on February
11, 1977, by and between Gulf Stream Golf Club, a Florida corporation,
as Lessor, and The Town of Gulfstream, a municipal corporation, as
Lessee; and,
WHEREAS, the parties have agreed to certain modifications
to said Lease Agreement,
NOW, THEREFORE, it is agreed between the parties as follows:
1. The annual rental as provided in paragraph 3 of said Lease
Agreement dated February 11, 1977, is reduced to $5,750.00 annually beginning
with the commencement of the next lease year, to -wit:
Subject to the following:
A. The Town of Gulfstream demolishing the water tower and
tank described in paragraph 1 of said Lease within a reasonable
time as demolition bids from contractors are approved by the Town
Council of the Town of Gulfstream.
B. Adequate insurance against liability and property damage,
personal injury and death be provided by the contractor to whom
the demolition bid is awarded in the amount acceptable to Lessee
and Lessor and Lessor named is one of the insured parties.
C. Should the contractor require ingress or egress to any
property of Lessor other than the property subject to said Lease
contractor and Lessee shall be afforded such ingress and egress
strictly in accordance with the provisions of paragraph 6 of
said Lease.
2. The parties agree that Lessor may proceed forthwith to remove
the present fence surrounding the base of the tower and tank in order to
preserve said fence for future use. Lessee agrees to release said fence from
any and all provisions of said Lease Agreement.
3. The aforesaid Lease Agreement shall remain in full force and
effect except as hereinabove modified.
IN WITNESS WHEREOF, the parties have executed this Modification of
Lease Agreement by their duly authorized officers on this 9 day of June,
1978.
W SES: ; GULF STREAM GOLF UB
By:
Pres
ATTEST:
Secretary
O
WITNESSES:
TOWN OF GULFSTREAM
ATTEST:
Town Clerk
(SEAL)
LEASE AGREEMENT
THIS LEASE AGREEMENT, made and entered into this
I/ day of Ebbruary 1977, by and between Gulf Stream Golf
Club, a corporation existing under the laws of the State of
Florida, hereinafter referred to as Lessor, and the Town of
Gulfstream, a municipal corporation existing under the laws
of the State of Florida, hereinafter referred to as Lessee;
WITNESSETH:
WHEREAS, Lessor owns and operates a water plant
consisting of wells, tanks, pumps, and appurtenances located
partly within the Town of Gulfstream and on lands adjacent
thereto, and Lessor is presently providing water to the Town
of Gulfstream for its use and the use of the inhabitants of
the Town of Gulfstream under an agreement dated January 13;
1966, and
WHEREAS, said agreement, by its terms, expires on
April 30, 1979, and
WHEREAS, Lessee is negotiating or has negotiated an
agreement with the City of Delray Beach, a neighboring munici-
pality, to provide its required supply of potable water for
the use of Lessee and its inhabitants and customers, and
WHEREAS, Lessee desires to lease from Lessor a por-
tion of Lessor's water plant and facilities more fully here-
inafter described, and
WHEREAS, the parties have reached an agreement in
that regard,
NOW, THEREFORE, in consideration of the premises
and of the covenants and agreements to be kept and performed
by the parties hereto, it is agreed as follows:
1. The property, both real and personal, subject
to this lease, is a parcel of land approximately 1/4 acre in
size, situate, lying and being in the County of Palm Beach,
State of Florida, more fully described on Attachment No. 1
affixed hereto, together with a 12 -inch underground water
main or pipe extending eastward from a point approximately
200 feet east of Highway U. S. 1, northbound lane, and
approximately 30 feet north of Avenue Au Soleil, in the Town
of Gulf Stream, lying west of the Intracoastal Waterway to, and
then under, the Intracoastal Waterway to the water tower and
tank now located on the parcel of land as shown on Attachment No.
1, and the water tower and tank and such valves and other equip-
ment needed for operation and use of said 12 -inch pipes. The
route of the aforesaid 12 -inch underground water pipe and point
of connection is shown in red on Attachment No. 2 affixed hereto.
2. The Lessor hereby lets and leases the above de-
scribed property and facilities to Lessee for a period of
thirty (30) years from and after the commencement of this
lease. This lease shall commence and coincide with the date
the Lessee actually begins receiving water from its proposed
supplier, the City of Delray Beach, but not later than six
(6) months prior to the expiration of the existing agreement,
i.e., on October 30, 1978.
3. The rental agreed to be paid by Lessor unto
Lessee is the sum of Six Thousand Two Hundred Fifty Dollars
($6,250.00) annually,payable in advance at the beginning of
each lease year during the term of this lease.
4. The use of the leased property described here-
in shall be for the purpose of transmitting potable water to
the Lessee for distribution to its customers from sources
within the control of the City of Delray Beach pursuant to
contract dated the 1-3 day of /9A /V 197-A, and shall
0
be used for no other purposes.
5. It is agreed that Lessee may purchase from
Lessor the property hereinabove described at any time dur-
ing the term of this lease at a price to be determined as
of the date the option to purchase is exercised. Lessee shall
notify Lessor in writing by certified mail of its intent to
exercise said option and a purchase price shall be determined
within 60 days of the receipt by Lessor of said notice. The
purchase price shall be determined by mutual agreement of
the parties based upon the then fair market value of the prop-
erty. If the parties are unable to agree upon the fair market
value, it is agreed that each party shall appoint an appraiser
and the two so appointed shall name a third appraiser and that
the three appraisers so named shall determine the fair market
value of said property, which determination shall be final
and binding upon the parties hereto. The purchase price shall
not include value for any improvements made to the leased
premises and property by the Lessee during the term of the
lease (said improvements being the sole property of the Les-
see except as hereinafter provided in Paragraph 9 hereof).
6. Lessee will maintain the leased property and
the Lessee, its agents or representatives,shall have the
right of ingress and egress to the leased property at any
and all reasonable times as required to adequately operate,
maintain and improve said facilities. Should Lessee desire
to use any portion of the golf course for ingress or egress,
prior consent of Lessor must first be obtained. Lessee after
prior notice and full consultation and review to and with
Lessor shall have the right to alter, remove, improve, repair
and maintain any of the facilities located on the leased prop-
erty which are the subject of this lease, and which are deemed
necessary by Lessee for proper maintenance and operation of
the facilities located thereon. Such notice, consultation and
3
review shall not be required when regular or routine main-
tenance is undertaken by Lessee.
7. Lessee may cancel this lease.upon six (6) months'
notice, and Lessor shall return a pro -rata share of the annual
rental as of the effective date of cancellation.
8. In the event the anticipated supply of water to
the Lessee from the City of Delray Beach is terminated either
temporarily or permanently for any reason, Lessor agrees to
provide to Lessee such water as its then capabilities permit
at a rate to be negotiated by mutual agreement of the parties
or in the absence of such agreement the rate shall be fixed
by arbitration in accordance with procedures described in
Paragraph 5 above. Lessor shall continue to provide such
water as its capabilities permit until such time as Lessee
is able to obtain another source of water adequate to meet
its requirements. Further, in consideration of the above,
in the event Lessor requires water from Lessee on a temporary
basis during the term of this lease, Lessee shall supply to
Lessor a supply of water sufficient to provide Lessor with
an adequate supply of water subject to the capabilities of
Lessee to provide same and at a rate to be mutually agreed
upon by the parties, but in no event less than ten (10) per
cent over the cost paid by Lessee to its supplier.
9. Upon termination of this lease by lapse of time
or otherwise, Lessee shall remove such equipment, fixtures
and improvements installed by the Lessee during the'term of
this lease as shall be requested by the Lessor. It is under-
stood that all equipment, fixtures and improvements installed
by Lessee during the term of this lease shall become the prop-
erty of Lessor, provided, however, that in the event Lessee
elects to purchase the property subject to this lease as
0
provided in Paragraph 5 above, any equipment, fixtures and
improvements installed by Lessee during the term of this
lease the value thereof shall be excluded in arriving at
the purchase price of the leased property.
10. The performance of all covenants herein con-
tained shall be postponed and suspended during such period
as the performance thereof is prevented by acts of God, ac-
cidents, weather and conditions arising therefrom, strikes,
boycotts, lock -outs and other labor troubles, riot, fire,
earthquake, flood, storm, lightning, epidemic, insurrection,
rebellion, revolution, civil war, hostilities, war, the de-
claration or existence of a national emergency and condi-
tions arising therefrom, the exercise of paramount power
by the federal government, either through the taking of
the demised premises or, the imposition of regulations re-
stricting the conduct of business thereon, acts of enemies,
sabotage, interference, restrictions, limitation or preven-
tion by legislation, regulation, decree, order or request of
any federal, state or local government or any instrumentality
or agency thereof, including any court of competent juris-
diction, inability to secure labor or adequate supplies of
materials, products or merchandise or any other delay or
contingency beyond the reasonable control of Lessor or Lessee.
11. In the event Lessee should exercise as its
option to purchase the leased property as set forth in Para-
graph 5 above, the purchase price shall be paid in cash at
the time of closing unless the parties mutually agree upon
some other terms and method of payment.
12. During the term of the lease Lessee shall hold
Lessor harmless and indemnify Lessor against any claims of
every kind and nature including but not limited to property
!.7
damage, personal injury or death, failure of the water system
leased to Lessee, it being understood that Lessee accepts the
leased property in its present condition and assumes full re-
sponsibility and liability for maintenance of the leased prop-
erty.Subject to the provisions of Paragraphs 6 and 9 above,
Lessee shall return the leased property upon the termination
of this lease unto Lessor in the same condition as the same
existed at the commencement of the term of this lease.
13. Concurrent with the commencement of the term of
this lease, the aforesaid agreement dated January 13, 1966,
between Lessor and Lessee shall be terminated, cancelled,
and held for naught.
14. This lease may not be assignable without the
prior written consent of Lessor.
IN TESTIMONY WHEREOF, the Lessor has caused this
Lease Agreement to be executed in its name and behalf, under
its corporate seal, by its President and attested by its
Secretary, and the Lessee has caused this Lease Agreement
to be executed in its name and behalf, under its corporate
seal, by its Mayor and attested by its Town Clerk, by au-
thority of the resolution of the Town Commission of the Town
of Gulfstream, duly adopted at a meeting thereof duly called
and held.
GULF STREAU=gq1 CLUB
By
Pr idle t
(SEAL)
(SEAL)
ATTEST:
" S • La pnlz
6 Town Clerk
C
:E
r
U
;i
—i
1
O _
J
;i
—i
1
O _
or
.1 1
al �
I UJ V ..
CL Ch
h
0
-sdo
> ATTACHMENT 1
q"TR
N
m
_
r iN 1^
<
S
a
<
T !
D
'
N
z
r*i
m
N
w
o
-4
L
_
N
r
T RA COASTAL m
<
`
\ WATER W
- r
r
m
✓
D`
9
OD+
9 I
< r^
r
p
�
D v'
z
cn
r
< c
<
z
Y
C)
p
v
r+ A
r
0
ZO —4
Y
O
In
N
r r
s
q"TR
N
S
N
9
D
r �=
<
A
< r^
Cu
D v'
cn
< c
<
v
r+ A
ZO —4
Y
N
r r
s
-I
o
>
(�
<
�
y
z
v -q I
0
'
c
a
r+
q"TR
I.
Q
a.
w
J
Q
7
ll�
n)
o�
s
1
C,,-:
I '-
J
� Z
0
� u
11
=,,
.1
U
;CE)
o� (SoN I _
N yob
Eel
31 S /
I E,) . .
AGREEMENT
THIS CONTRACT Made this /3'4
Tmn.�"Y 1746
day of , A.D. ,
by and between GULF STREAM GOLF CLUB, a corporation organized
and existing under the laws of the State of Florida, hereinafter
sometimes called "the Club," party of the first part, and
TOWN OF GULF STREAM, a municipal corporation of the State of
Florida, hereinafter sometimes called "the Town," party of the
second part,
WITNESSETH:
WHEREAS, the Club owns and operates a water plant
consisting of wells, tanks, pumps, etc., located in the Town
of Gulf Stream, and
WHEREAS, the party of the second part desires to
procure a supply of water for the use of the inhabitants of
the Town of Gulf Stream and for fire protection purposes, and
has requested the Club to furnish to it water from its said
water plant for such purposes; and
WHEREAS, the party of the second part has examined the
said water plant and the water obtained therefrom and is satis-
fied that the water now being obtained therefrom is a good
quality water and satisfactory for domestic use by the in-
habitants of the Town of Gulf Stream, and that said water plant
is capable of producing the delivering, at a satisfactory
pressure, such water in quantities sufficient for the needs of
the Town of Gulf Stream and its inhabitants.
NOW, THEREFORE, in consideration of the premises and
of the covenants and agreements herein contained, the parties
hereto do hereby covenant and agree to and with each other as
follows:
1. That this contract shall be in effect for and
during a period of ten (10) years commencing May 1st, 1969,
PROVIDED, HOWEVER, that before the Club is obligated to com-
mence supplying water to the Town hereunder, the Town shall
acquire all water mains within its territorial limits which
are now in use for supplying water to the Town of Gulf Stream
and its inhabitants, and shall furnish to the Club evidence
thereof satisfactory to the Club.
-1-
E
2. That for and during the said period of ten (10)
years, and any extension thereof, the party of the second part
will purchase from the party of the first part all of the water
supplied to the inhabitants of the Town of Gulf Stream for
domestic purposes and used by the Town of Gulf Stream for fire
protection pruposes.
3. That the Town shall pay to the Club twelve cents
(12¢) per one thousand (1000) gallons for all water supplied to
the party of the second part by the party of the first part, as
measured by a master meter to be installed by the party of the
first part at or near its water tower in the Town of Gulf Stream;
that the foregoing price of twelve cents (12¢) per one thousand
(1000) gallons, as fixed and agreed to, was on the assumption
and agreement that the Town will acquire, operate and maintain
all water mains installed in the Town of Gulf Stream for use in
supplying the Town or any of its inhabitants with water for said
purposes except such as are installed and used by the Club for
the purpose of supplying water for use on its golf course, at
its club house and other buildings, or otherwise.
The Town is presently charging its inhabitants
for water at the rate of twenty cents (20¢) per one thousand
(1000) gallons and it is understood and agreed that if the Town
increases the cost of water to the inhabitants of the Town or to
other consumers, then the Town shall pay to the Club a sum equal
to sixty (60) per cent. of the total charge made by the Town.
4. That bills for water supplied hereunder by the
Club to the Town during each calendar month for the period
covered by this contract, or any extension thereof, shall be
rendered by the Club to the Town on or before the 15th day of
the month next succeeding the month such water is supplied, and
shall be paid within thirty (30) days from the date when they a
rendered.
5. That the Town during the period covered by this
contract, or any extension thereof, -shall maintain and keep its
water distributing system in good repair and condition in order
that the water supplied by the Club to the Town be not diminish
in quantity or otherwise impaired.
-2-
6. That the Club will, during the period covered by
this contract, or any extension thereof, construct, operate and
maintain such additional pumps and wells as are necessary to
produce and furnish to the Town an ample supply of water for
the use of the Town of Gulf Stream and its inhabitants at a
satisfactory pressure, provided, however, that it is agreed by
and between the parties hereto that such pressure shall be, and
shall be deemedto be, satisfactory if, as measured at a point on
the water main or pipe line, which delivers the water from the
water supply of the Club to the main or pipe line of the Town,
located at or near its water tower, shall be equal to or exceed
fifty (50) pounds per square inch.
7. That the Club, from time to time as required, will
construct, operate and maintain such additional pumps and wells
as are necessary to produce and furnish to the Town for and
during the period covered by this contract, or any extension
thereof, an ample supply of water for its use and the use of
its inhabitants for the purposes aforesaid, provided such supply
can be procured and obtained from wells located on property
which it now owns and controls.
8. At any time during the period covered by this
tract, or any extension thereof, if it becomes necessary or de-
sirable for the Town so to do the Club will permit the Town to
install on the property of the Club, near its water tower, at a
place or places to be designated by the Club, a chlorinating
unit with or without a purification unit incorporated therein or
attached thereto for treatment of the water furnished by the
Club to the Town hereunder, and any such chlorinating unit
shall be installed, operated and maintained by the Town at its
own expense.
9. It is expressly understood, stipulated and agreed
by and between the parties hereto that the party of the first
part, for and during the period covered by this contract, or any
extension thereof, shall have the exclusive right to supply the
Gulf Stream Golf Club with such water as it requires for use
on the golf course and at its club house and other buildings,
or otherwise, and for such purpose shall have the right to lay,
-3-
operate and maintain its water mains or pipe lines in, upon,
under or across the public streets or highways in the Town of
Gulf Stream.
10. That the Club for and during the period covered
by this contract, or any extension thereof, shall not sell or
dispose of its water plant or any interest therein without first
giving to the Town a reasonable opportunity to purchase the same
at the same price and under the same conditions as to payment
or otherwise.
11. That as a part of the consideration of this con-
tract the Town will enact and enforce all such ordinances as are
or may be necessary for the protection of the water supply and
plant of the Club for and during the period covered by this
contract, or any extension thereof; and that the Town agrees
that it will not install or use, or permit to be installed or
used, any booster pump or other device for the purpose of
accelerating the flow or increasing the pressure in any main
used for the distribution of the water furnished by the Club
to the Town hereunder, or upon any connection therewith on
public or private property.
12. It is agreed by and between the parties hereto
that should the water derived by the Club from its said wells
become salty or otherwise affected so that the Town cannot
make the same satisfactory for use by the inhabitants of the
Town of Gulf Stream by chlorination or purification, or both,
then, upon reasonable notice by the Town to the Club, the Town
shall have the right to cancel this contract; and in the event
of any such cancellation the Club shall discontinue the supply
of water to the Town but shall not be responsible to the Town
in damages by reason of its inability to supply water of satis-
factory quality.
IN TESTIMONY WHEREOF, the party of the first part
has caused this contract to be executed in its name and behalf,
under its corporate seal, by its President and the same to be
attested by its Secretary, and the party of the second part,
-4-
Town of Gulf Stream, has caused this contract to be executed
in its name and behalf, under its corporate seal, by its Mayor
and the same to be attested by its Town Clerk, by authority of
a resolution of the Town Commission of the Town of Gulf Stream,
duly adopted at a meeting thereof duly called and held, as of
the day and year first above written.
Witness �� ,,,/ GULF STREAM GOLF CLUB
Byresit en
as to U'urr tstream
Golf Club
Witness:
c
As to Town of Gulf Stream
(Seal)
At
Secretary
TOWN W GULF
!�'LD
(Seal)
Attest:
'miler
-5-
THIS CONTRACT Made this 7 day of
A. D. 1949, by and between GULF STREAM GOLF CLUB, a corporation
organized and existing under the laws of the State of Florida,
hereinafter sometimes called "the Club", party of the first part,
and TOWN OF GULF STREAM, a municipal corporation of the State
of Florida, hereinafter sometimes called "the Town11, party of
the second part,
WITNESSETH:
WHEREAS, the Club owns and operates a water plant
consisting of wells, tanks, pumps, etc., located in the Town
of Gulf Stream, and
WHEREAS, the party of the second part desires to
procure a supply of water for the use of the inhabitants of
the Town of Gulf Stream and for fire protection purposes, and
has requested the Club to furnish to it water from its said
water plant for such purposes; and
WHEREAS, the party of the second part has examined the
said water plant and the water obtained therefrom and is satis-
fied that the water now being obtained therefrom is a good
quality water and satisfactory for domestic use by the in-
habitants of the Town of Gulf Stream, and that said water plant
is capable of producing and delivering, at a satisfactory
pressure, such water in quantities sufficient for the needs of
the Town of Gulf Stream and'its inhabitants.
NOW, THEREFORE, in consideration of the premises and
of the covenants and agreements herein contained, the parties
hereto do hereby covenant and agree to and with each other as
follows:
1. That this contract shall be in effect for and
V during a period of ten (10) years commencing 1st,
1949, PROVIDED, HOWEVER, that before the Club is obligated to
commence supplying water to the Town hereunder, the Town shall
acquire all water mains within its territorial limits which
are now in use for supplying water to the Town of Gulf Stream
and its inhabitants, and shall furnish to the Club evidence
thereof satisfactory to the Club.
2. That for and during the said period of ten (10)
years, and any extension thereof, the party of the second part
will purchase from the party of the first part all of the water
supplied to the inhabitants of the Town of Gulf Stream for
domestic purposes and used by the Town of Gulf Stream for fire
protection purposes.
3. That the Town shall pay to the Club twelve cents
(12¢) per one thousand (1000) gallons for all water supplied to
the party of the second part by the party of the first part, as
measured by a master meter to be installed by the party of the
first part at or near its water tower in the Town of Gulf Stream;
that the foregoing price of twelve cents (12¢) per one thousand
(1000) gallons, as fixed and agreed to, was on the assumption
and agreement that the Town will acquire, operate and maintain
all water mains installed in the Town of Gulf Stream for use in
supplying the Town or any of its inhabitants with water for said
purposes except such as are installed and used by the Club for
the purpose of supplying water for use on its golf course, at
its club house and other buildings, or otherwise.
4. That bills for water supplied hereunder by the
Club to the Town during each calendar month for the period
covered by this contract, or any extension thereof, shall be
rendered by the Club to the Town on or before the 15th day of
the month next succeeding the month such water is supplied, and
shall be paid within thirty (30) days from the date risen they are
-2-
rendered.
5. That the Town during the period covered by this
contract, or any extension thereof, shall maintain and keep its
water distributing system in good repair and condition in order
that the water supplied by the Club to the Town be not diminished
in quantity or otherwise impaired.
6. That the Club will, during the period covered by
this contract, or any extension thereof, construct, operate and
maintain such additional pumps and wells as are necessary to
produce and furnish to the Town an ample supply of water
for the use of the Town of Gulf Stream and its inhabitants at a
satisfactory pressure, provided, however, that it is agreed by
and between the parties hereto that such pressure shall be, and
shall be deemed to be, satisfactory if, as measured at a point on
the water main or pipe line, which delivers the water from the
water supply of the Club to the main or pipe line of the Town,
located at or near its water tower, shall be equal to or exceed
fifty (50) pounds per square inch.
7. That the Club, from time to time as required, will
construct, operate and maintain such additional pumps and wells
as are necessary to produce and furnish to the Town for and
during the period covered by this contract, or any extension
thereof, an ample supply of water for its use and the use of
its inhabitants for the purposes aforesaid, provided such supply
can be procured and obtained from wells located on property
which it now owns and controls.
J
8. At any time during the period covered by this con-
tract, or any extension thereof, if it becomes necessary or de-
sirable for the Town so to do the Club will permit the Town to
install on the property of the Club, near its water tower, at a
place or places to be designated by the Club, a chlorinating unit
with or without a purification unit incorporated therein or
-3-
attached thereto for treatment of the water furnished by the
Club to the Town hereunder, and any such chlorinating unit
shall be installed, operated and maintained by the Town at its. -
own expense.
9. It is expressly understood, stipulated and agreed
by and between the parties hereto that the party of the first
part, for and during the period covered by this contract, or any
extension thereof, shall have the exclusive right to supply the
Gulf Stream Golf Club with such water as it requires for use
on the golf course and at its club house and other buildings,
or otherwise, and for such purpose shall have the right to lay,
operate and maintain its water mains or pipe lines in, upon,
under or across the public streets or highways in the Town of
Gulf Stream.
10. That the party of the second part shall have the
right, privilege or option of renewing this contract for a
further period of ten (10) years provided it shall notify the
party of the first part in writing of its election so to do at
least six months prior to the expiration of this contract, and
shall not then be in default in the performance of any of its
covenants or agreements.
11. That the Club for and during the period covered by
this contract, or any extension thereof, shall not sell or
dispose of its water plant or any interest therein without first
giving to the Town a reasonable opportunity to purchase the same
at the same price and under the same conditions as to payment
or otherwise.
12. That as a part of the consideration of this con-
tract the Town will enact and enforce all such ordinances as are
or may be necessary for the protection of the water supply and
plant of the Club for and during the period covered by this
contract, or any extension thereof; and that the Town agrees
-4-
that it will not install or use, or permit to be installed or
used, any booster pump or other device for the purpose of
accelerating the flow or increasing the pressure in any main
used for the distribution of the water furnished by the Club
to the Town hereunder, or upon any connection therewith on public
or private property.
13. It is agreed by and between the parties hereto
that should the water derived by the Club from its said wells
become salty or otherwise affected so that the Town cannot
make the same satisfactory for use by the inhabitants of the
Town of Gulf Stream by chlorination or purification, or both,
then, upon reasonable notice by the Town to the Club, the Town
shall have the right to cancel this contract; and in the event
of any such cancellation the Club shall discontinue the supply
of water to the Town but shall not be responsible to the Town
in damages by reason of its inability to supply water of satis-
factory quality.
IN TESTIMONY THEREOF the party of the first part
has caused this contract to be executed in its name and behalf,
under its corporate seal, by its President and the same to be
attested by its Secretary, and the party of the second part,
Town of Gulf Stream, has caused this contract to be executed
in its name and behalf, under its corporate seal, by its Mayor
and the same to be attested by its Town Clerk, by authority of
a resolution of the Town Commission of the Town of Gulf Stream
duly adopted at a meeting thereof duly called and held, as
of the day and year first above written.
GULF STREAM GOLF CLUB
(Corporate Seal) By
Presi nt
Atter • �' Q
Secretary
(Corporate Seal)
Attest:
?Y V C oln�
Twm Clerk
-5-
TOWN OF GULF STREAM
By
Layor