AGENDA MEMORANDUM

 

 

Meeting Date:           August 14, 2006

 

From:                          Edward F. Smyth, Jr., Assistant City Manager

 

Subject:                      Resolution authorizing Extension of Closing Date between Benjamin Garcia, Jr. & Ronald L. Hart, Jr., as Sellers, and the City of Leesburg, Florida, as Buyer

 

 

Staff Recommendation:

Staff recommends approval of the resolution authorizing an extension of the closing date to November 7, 2006

 

Analysis:

On June 12, 2006, the City entered into a contract for the purchase of approximately 18.263 square feet located in Section 22, Township 19, Range 25, Lot 11, Lake Harris Estates. 

The sellers have encountered problems with providing a marketable title and have requested additional time to conduct a quiet title action prior to closing.  This is a reasonable request and staff anticipates the closing should occur on or before November 7, 2006.  This is a common occurrence when property is acquired through a tax deed.

 

Options:

1.  Adopt the attached resolution;

2.  Such alternative action as the Commission may deem appropriate.

 

Fiscal Impact

There is no fiscal impact to this action.

Submission Date and Time:    8/9/2006 1:10 PM8/8/2006 11:12 AM____

Department: Administration

Prepared by:  E.F. Smyth, ACM                     

Attachments:         Yes X    No ______

Advertised:   ____Not Required  X .                     

Dates:   __________________________                     

Attorney Review :       Yes X   No ____

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ________RS___________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN EXTENSION OF THE CLOSING DATE AS TO THE CONTRACT BETWEEN BENJAMIN GARCIA, JR., AND RONALD L. HART, JR., AS SELLERS, AND THE CITY OF LEESBURG, FLORIDA, AS BUYER; 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 an Extension of Closing Date to no later than November 7, 2006, as to the contract between the City of Leesburg, Florida, as Buyer, and Benjamin Garcia, Jr. & Ronald L. Hart, Jr., as Seller.

 

             THIS RESOLUTION shall become effective upon its passage and adoption according to law.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __14th___ day of _August ___ 2006.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk