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2012-04 Gator Apple/CDBG RESOLUTION NO. 12-04 A RESOLUTION OF THE CITY OF OKEECHOBEE, APPROVING PARTICIPATING PARTY AGREEMENT DULY EXECUTED BY THE CITY • OF OKEECHOBEE FLORIDA AS RECIPIENT, AND GATOR APPLE 1 L.L.C. AS THE PARTICIPATING PARTY; AUTHORIZING TRANSMITTAL OF SAID AGREEMENT TO THE DEPARTMENT OF ECONOMIC OPPORTUNITIES; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Okeechobee, Florida, (CITY), has applied to the Florida Department of Economic Opportunities for Community Development Block Grant (CDBG) program for certain infrastructure improvements within the City; and WHEREAS, a local business, GATOR APPLE 1, L.L.C. has agreed to enter into a Participating Party Agreement with the CITY, and has subjected itself to the mandates of the grant which include creation of jobs and other incentives; and WHEREAS, the CDBG grant application has been presented to the CITY in a duly advertised public meeting, with opportunity for public comment, and discussion by the City Council; the CITY has deemed the application to promote a municipal purpose for the benefit of the CITY as a whole; and WHEREAS, the Participating Party Agreement was duly executed by the parties on April 27, 2012, and has been approved by the Florida Department of Economic Opportunities as to form and content. NOW, THEREFORE, be it resolved before the City Council for the City of Okeechobee, Florida; presented at a duly advertised public meeting; and passed by majority vote of the City Council; and properly executed by the Mayor or designee, as Chief Presiding Officer for the City: SECTION 1. THAT the City of Okeechobee, Florida hereby approves and adopts the Participating Party Agreement dated April 27, 2012, between the CITY and GATOR APPLE 1 L.L.C., its terms and conditions, under the application and Contract No. 12DB-OH- 07-57-02-EO8. SECTION 2. THAT the CITY approves and authorizes Nancy Phillips and Associates, to forward this resolution and such other necessary documents to the Department of Economic Opportunities in order to finalize the grant application. SECTION 3. EFFECTIVE DATE. This resolution shall become effective immediately upon its adoption. INTRODUCED AND ADOPTED in regular sessio S15 th day of May, 2012. ATTEST: James E. Kirk, Mayor Lane Gamiotea, C, City Clerk REVIEWED FOR LEGAL SUFFICIENCY: i John R. Cook, City Attorney Resolution No. 12-04 Page 1 of 1