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Resolution 5631 RESOLUTION NO. 5631 WHEREAS, on the first day of July, A. D. 1942, the City Council passed and adopted Resolution No. 5566 in connection with a suit involving Collins Avenue assessments entitled, "A.N. Tenney, et al versus City of Miami Beach" , and the decree entered therein, by the terms of which resolution it was resolved as follows: "That the City Manager and the City Attorney are hereby authorized to enter into the following agreement with such persons a are entitled under said decrees and such further decrees as may be made by said Court to a refund of the money paid by them on account of said Collins Avenue assess- ments as follows : 1. To reduce the amount of interest on said claims as provided in said decrees from a% to 4%, interest at the rate of 4% being payable from the date of payment to the City to the date of final repayment by the City. 2. To pay to such claimants 25% of their claims, with interest as aforesaid upon such claimant in- dicating in a manner satisfactory to said City Manager and said City Attorney his acceptance of this proposal. 3. To pay the balance of said claims, with interest es aforesaid, in the following installments, that is to say: 370in December, 1942; 370in December, 1943." and WHEREAS, orders have been entered in said suit directing the City of Miami Beach to refund to McClellan Ocean Villas, Inc. , the sum of $344.87, paid on the lath day of September, 1940, by said McClellan Ocean Villas, Inc. , on account of improvement liens for Collins Avenue paving against the North 37.54 feet of Lot 45 and the South 25 feet of Lot 46, Block 1,, of Second Ocean Front Subdivision; and 'REAS, said McClellan Ocean Villas, Inc. , have indicated their willingness to accept interest on said sum at the rate of 4% per annum from the date of payment but, by reason of circumstances beyond their control, are unable to accept payment except in a lump sum; and WHEREAS, it appears to be to the best interest of said City to make payment of said refund in full, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Miami Beach, Florida, that the City Clerk be and he is hereby . authorized to refund to said McClellan Ocean Villas, Inc. , the said sum of 344,£7 together with interest thereon at the rate of 4% per annum from September lath, 1940, to the date of such refund. PASSED and ADOPTED this 3rd day of March, A. D. , 1943. -Z/e:-22 '< ATTEST: City Clerk m` < H 0 r H CD iii tSl Hri IJ H ;H t=3 t O 0 7J P1-31-3 1-3off;' H Lr1 0 O LA r:2 • Ht ' 0 LAI ul oma; ~