Staff recommends approval of the attached resolution to extend the closing date for property the City purchased from Mr. Garcia and Mr. Hart
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.
1. Adopt the attached resolution; or
2. Such alternative action as the Commission may deem appropriate
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 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.