HomeMy Public PortalAbout1992-12 Exercise lease agreement option with Key Biscayne Bank & Trust CompanyRESOLUTION NO. Q a 'Ia-
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA; AUTHORIZING
THE MAYOR ON BEHALF OF THE VILLAGE TO
EXERCISE THE OPTION CONTAINED IN THE OFFICE
BUILDING LEASE AGREEMENT WITH THE KEY BISCAYNE
BANK AND TRUST COMPANY AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the Board of Trustees have determined that the
Village is in need of additional office space; and
WHEREAS, The Board of Trustees on November 3, 1991 passed and
adopted Resolution No. 91-05 approving an Office Building Lease
(the "Lease") with the Key Biscayne Bank and Trust Company (the
"Bank"); and
WHEREAS, the Lease provided for an option right to lease
additional office space (the "Option Right"); and
WHEREAS, the Lease provides that the Village must give notice
to the Bank of its intent to exercise the Option Right before
February 1, 1992.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Mayor is hereby authorized to exercise
the Option Right for additional office space.
Section 2. This Resolution shall become effective upon
adoption.
PASSED AND ADOPTED this la- day February, Februar , 1992.
RAFAEL
ATTEST:
Beatris Arguelles, Ind -rim Village Clerk
APPROVED AS TO LEGAL FORM AND SUFFICIENCY
Richard Jay Weiss, Village Attorney
CONTE, MAYOR