RESOLUTION NO.___________

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA RATIFYING THE CITY MANAGER’S SIGNATURE ACCEPTING A MITIGATION CREDIT PURCHASE AGREEMENT WITH HAMMOCK LAKE MITIGATION BANK, LLC FOR MITIGATION OF 10.86 ACRES OF WETLANDS RELATED TO THE RUNWAY 13/31 EXTENSION PROJECT AT LEESBURG INTERNATIONAL AIRPORT; AND PROVIDING AN EFFECTIVE DATE.

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

THAT the City Commission hereby ratifies the signature of the City Manager to accept a Mitigation Credit Purchase Agreement with Hammock Lake Mitigation Bank, LLC whose address is 3715 Northside Parkway, Suite 2-500, Atlanta, Georgia, 30327 for mitigation of 10.86 acres of wetlands related to the Runway 13/31 Extension Project 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 __13th___ day of __July__ 2009.

                                                                            __________________________

                                                                             Mayor

ATTEST:

__________________________

City Clerk