AGENDA MEMORANDUM

 

 

Meeting Date:           November 13, 2006

 

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

 

Subject:                      Resolution authorizing second extension of closing date with  Benjamin Garcia, Jr. & Ronald L. Hart, Jr.

 

 

Staff Recommendation:

Staff recommends approval of the attached resolution to extend the closing date for property the City purchased from  Mr. Garcia and Mr. Hart

Analysis:

On June 12, 2006. the City  entered into a contract for the purchase of the approximately 18.263 square feet  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 complete a quiet title action prior to closing.  This is a reasonable request and we anticipate that the closing should occur on or before January 31, 2007

The City Attorney advises that this is a common occurrence when property is acquired through a tax deed and the requested time to complete the quiet title action is reasonable.

Options:

1.  Adopt the attached resolution; or

2.  Such alternative action as the Commission may deem appropriate

Fiscal Impact

There is no fiscal impact to this action.

Submission Date and Time:    11/9/2006 12:22 PM11/8/2006 3:43 PM____

 

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 EXECUTION OF A SECOND 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 as to the contract between the City of Leesburg, Florida, as Buyer, and Benjamin Garcia, Jr. & Ronald L. Hart, Jr., as Seller, in the form attached as Exhibit “A” to this resolution.

 

             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 _13th____ day of __November_______ 2006.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk