A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A MITIGATION CREDIT PURCHASE AGREEMENT WITH HAMMOCK LAKE MITIGATION BANK, LLC FOR WETLAND MITIGATION RELATED TO THE RUNWAY 13/31 EXTENSION PROJECT (TAXIWAY A EXTENSION PHASE - LINE OF SIGHT) AND RUNWAY 3 OVERRUN SAFETY AREA AT LEESBURG INTERNATIONAL AIRPORT; AND PROVIDING AN EFFECTIVE DATE
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute a Mitigation Credit Purchase Agreement with Hammock Lake Mitigation Bank, LLC whose address is C/O Mitigation Marketing PO Box 540285 Orlando, Florida 32854 for the purchase of 1.23 mitigation credits related to the Runway 13/31 Extension Project (Taxiway A Extension Phase - Line of Sight) and Runway 3 Overrun Safety Area at Leesburg International Airport.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 21st day of December 2009.