HomeMy Public PortalAbout1998-33 Property purchase/sell between SunTrust BankRESOLUTION NO. 98-33
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA, APPROVING
CONTRACT FOR PURCHASE AND SALE OF REAL
PROPERTY BETWEEN SUNTRUST BANK, MIAMI, N.A.
AND THE VILLAGE OF KEY BISCAYNE; PROVIDING FOR
PURCHASE OF CERTAIN LANDS AND IMPROVEMENTS
BY THE VILLAGE; AUTHORIZING VILLAGE MANAGER
TO EXECUTE THE CONTRACT ON BEHALF OF THE
VILLAGE; AUTHORIZING VILLAGE MANAGER TO TAKE
ALL ACTION NECESSARY TO IMPLEMENT THE
CONTRACT; AUTHORIZING VILLAGE MANAGER AND
VILLAGE ATTORNEY TO TAKE ALL ACTION
NECESSARY TO CLOSE THE PURCHASE AND SALE
TRANSACTION; PROVIDING FOR EFFECTIVE DATE.
WHEREAS, the Village desires to purchase certain lands and improvements from the
SunTrust Bank, Miami, N.A. (the "Bank"); and
WHEREAS, the Village Council finds that the approval of the Contract for Purchase and
Sale of Real Property is in the best interest of the Village.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Contract for Purchase and Sale of Real Property (the "Contract"), in
substantially the form attached hereto, between the Village and the Bank is hereby approved and the
Village Manager and Village Clerk are authorized to execute such contract, in their respective
capacities, on behalf of the Village.
Section 2. That the Village Manager is authorized to take all action necessary to implement
the Contract, including the expenditure of appropriated funds in accordance with the requirements
of the Contract.
Section 3. That the Village Manager and Village Attorney are hereby authorized to execute
all documents necessary to complete the closing of the purchase and sale transaction in accordance
with the Contract, and the Village Manager is authorized to execute all closing statements and other
instruments necessary to close the transaction.
Section 4. That this resolution shall become effective upon its adoption.
PASSED AND ADOPTED this 1st day of July , 1998.
CONCHITA H. ALVAREZ, VILLAGE CLERK 1.4 flig
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APPROVED AS TO FORM AND LEGAL SUFF ¢� 1 *�; "''`"'
OR'i
RICHARD J. ' ISSI I LA T = Y