Resolution 6417 •
RESOLUTION INO. 6417
WHEREAS, ORANGE STATE OIL COMPANY has offered to sell to
the City of Miami Bech, Florida, those certain parcels of land
situate, lying and being in Miami Beach, Dade County, Florida,
to-wit:
Lots 20, 21, 22, 23 and 24 of Block 111,
of OCEAN BEACH ADDITION No. 3, according
to the Plat thereof, recorded in Plat
Book 2, at page 81, of the Public Records
of Dade County, Florida,
for the sum of $120,000.O0, payable as follows :
Cash at the time of closing of the
transaction hereby contemplated „ 351000.00
Four promissory notes to be secured
by a purchase money mortgage on the
above-described property, each in the
sum of 321,250.00, and maturing 1, 2,
3 and 4 years from date, respectively,
bearing interest at the rate of 35 per
annum, payable semi-annually, and ag-
gregaing the sum of 85,000.00
The conveyance from Orange State Oil Company to said
City to be by good and sufficient warranty deed and subject only
to taxes for the year 1947 (which are to be pro-rated as of the
date of this resolution) , and zoning ordinances of the City of
Miami Beach, Florida; lease to : lton Boat Company, Inc. , covering
the period extending from October 1, 1946, to October 1, 1951;
and month to month lease to H. Nicholson, and to the right of
said H. Nicholson to remove the building now located on the above-
mentioned Lot 22.
Said offer so made by Orange State Oil Company being con-
ditioned upon the ability of said Orange State Oil Company to
sell the above-mentioned mtortgage and notes, at par and without
recourse, simultaneously with the closing of the transaction
hereby contemplated; and
WHEREAS, it is deemed to be to the best interest of said
City to acquire the above-described property for the price, and
on the terms hereinbefore set forth, to be used for municipal
purposes,
NOW, THERTFORE, BE IT RESOLVED by the City Council of the
City of Miami Beach, Florida, that said offer be and the same is
hereby accepted; that the City Manager, subject to the approval
of the title by the City Attorney, be andhe is hereby authorized
and directed to close said transaction; that the Mayor aril the
City Clerk be and they are hereby authorized and directed to exe-
cute, in the name of and on behalf of said City, the notes and
mortgage, arid any other instruments required to be exbcuted, in
order to consummate the transaction.
IT IS FURTHER RESOLVED, that the City Clerk be and he is
hereby directed to furnish to Orange State Oil Company a certi-
fied copy of this resolution.
PASSED and ADOPT D this 5th da of November, A. 7). 1947.
Attest:4i , Mayor
city Clerk
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