1970-08 Contract w/Okee. Beach Water�o-s-
R E S 0 L U T I 0 N
WHEREAS, the City of Okeechobee has received an offer
from the Okeechobee Beach Water. Association, Inc., under which
the city has the oppoi~tunity to purchase the associations' West
Okeechobee Extension, together with all easements and rights of
the association therein and thereto; and
WHEREAS, the acquisition of such extension by the city,
together with its easement from the city's plant North to a point
close to the city's water tank, would be beneficial to the city's
water system and and to the users of the system; and
WHEREAS, the immediate acquisition of said extension
would afford the city a water line adjacent to the new elementary
school site which the city has already :resolved to connect to the
system, thus serving a present need of the community as well as
contemplated future needs;
NOW, Tf fEREFORE, BE: 1T RESOLVED BY THE CITY COUNCIL, OF THE
CITY OF OKEI CHOBEE, FLORIDA:
That a contracl. bre negotiated with the Okeechobee Beach
Water Association, Inc., fnr the conveyance by it to the City o[-
its
fits West Okeechobee Extension, together x,,jith all easements and
rights in connection therewith, for a price based upon the present
value of the extension as depreciated less the unpaid balance of
its mortgage in connection therewith.
Upon Council approval of the terms of such agreement,
the President of the Council is authorized to execute such
agreement'in behalf of the City, which due execution shall be
attested by the City Clerk.
Dated August 4, 1970.
1
Attest •
• My Clerk7
ISLAL)
r
�— CITY COUNCIL