Staff recommends approval of the resolution authorizing an extension of the closing date to November 7, 2006
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.
1. Adopt the attached resolution;
2. Such alternative action as the Commission may deem appropriate.
There is no fiscal impact to this action.
Prepared by: E.F. Smyth, ACM
Attachments: Yes X No ______
Advertised: ____Not Required X .
Attorney Review : Yes X No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ________RS___________
Account No. _________________
Project No. ___________________
WF 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.