HomeMy WebLinkAboutMinutes Council 111359J
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CITY OF PALM BEACH GARDENS
Upon call of the Mayor a special meeting of the City Council of
PALM BEACH GARDENS was held at 2:00 PM Friday, November 13, 1959 at
1001 Park Avenue, Lake Park, Fla.
QUORUM:
SHELL PIT PURCHASE: The Mayor announced that Bankers Life and Casualty
Company had offered to sell to PALM BEACH GARDENS
at its cost, the property belonging to DeWitt Upthegrove, at ux, being
527 acres, approximately, located in section 16, township 42S, range
423, Pam Beach County. The price is, roughly spen "*ig $527,000 or
$13,000 an acre. Competent authorities have estimated that the proper-
ty may contain as much as a Million Two Hundred and Fifty ($1,250,000)
worth of shell, computed at 304 a yard, and in workable strata.
The members of the city council unanimously agreed that improvement of
the streets of PALM BEACH GARDENS would require practically all of the
shell; and that if the property were purchased, although it might be
desirable from a practical standpoint to lend the shell to contractors
in order to preserve continuity in the shell pit operation, neverthe-
less, that the objective of the city should be to utilize the shell and
other fill primarily on its own streets.
The possible mode of financing was discussed. It was generally agreed
that the price of the street -improvements could be recovered from lot
purchasers without much difficulty in the form of local improvement
assessments. The sale of tax anticipation warrants was deemed the most
practical approach to the problem; particularly, if arrangements could
be made to have the purchasers forego intarest until development of the
city had progressed. After thorough discussion the following resolution
was uanimously adopted:
WHERiAS development of the streets and highways of the city of PALM
PEACH GARD7913 will require large quantities of shall rock for
stabilizing purposes; and
viH2Z=S shell rock of suitable quantity, readily accessible to the
property, is in short supply, and
+TiET AS the City at this moment has a chance to purchase a going shell
pit operation and large quantities of shell rock reserves
located within a mile of its border
NOW TMtEFORS, BE IT RESOLVED the City of PALM BEACH GARDWS hereby
agrees to enter into a contract for the purchase of that portion
of section 16, township 42S, range 42E lying east and north of
of the Beeline Highway, being known as the Upthegrove tract;
and to pay for same the sum of $1,000 per acre, or such lesser
figure as can be arranged in the following fashion:
Special meeting - City Council
city of PALM BacH QR.Dws 11A3159
2.
(a)
not more than $77,000 on or before January 1st, 1960.
(b)
not more than $15,000 to fall due semi- annually thereafter
on the first day of July, 1960, and upon the first day of
each January and July thereafter until the entire balance
shall have been paid; but with the right on the part of the
purchaser to pay amounts in excess of the stipulated semi - Annual
payments; and with the obligation upon the purchaser to pay
the amount set forth in the depletion arrangements hereinafter
set forth.
(c)
always providing that the purchaser shall furnish the seller
with a running account of the amounts of shell and the amounts
of fill taken from the aforesaid tract during the term of the
purchase arrangement; and if said shell, valued at 30¢ per
cubic yard, or said fill, valued at 15¢ per cubic yard, shall
at any time exceed the amounts which have been paid by the
purchaser to the seller on the purchase money mortg -pge herein
described the buyer shall pay to the seller on or before the
15th day thereafter for any month in which such excess with -
drawal shall have occurred, the indicated balance as an add-
itional partial payment on such purchase :honey mortgage.
(d)
interest on the unpaid balance at the rate of 4 per annum
shall be paid semi - annually on the first day of each July and
January, commencing July 1st, 1960.
(e)
the Mayor, the City Clerk, and the City Treasurer, or any two
of them, is hereby authorized to enter into the agreement of
sale and purchase and to execute the necessary mortgage to
secure the unpaid balance.
(f) The Mayor and the City Clerk and the City Treasurer, or any
two of them, is authorized to borrow any moneys necessary
to make the payments aforesaid at a rate of interest not to
exceed 0% per annum.
There being no further business, the meeting adjourned.
y NORMAN D. ROWLA , City Clerk
L
aTHOM -\7HOMP3O1_, ,
CITY OF PALM REACH GARIENS
CITY COUNCIL
AIM PAT€ FICATI
ON OF MIS
FAIR °° � �
W,.
DATE Charles A. Cunningham
1
4ti L
I CERTIFY that the following is a true copy of certain resolutions of the Board of Directors of
City of Palm Beacl, Gardens
(Name of c"Doration in full)
Florida
a corporation duly organized and existing under the laws of _ ---- - _____ -_ __
- ----------------------------
(Name of State where organized)
having its principal place of business in --------------- ---------- Lake Park. Korida
(Name of City or To and State)
duly adopted in accordance with the by -laws at, and recorded in the minutes of a meeting of the said board on
Jecenber 9th
(Date of YeatiW
and not subsequently rescinded or modified:
'Norman lto.yland is
59
---- ------- - - - - -•
(1) RESOLVED, that ---- - --- -_ _- _ —____ - - - -- - --------------------- - ----- -__ —am hereby authorized to open
account or acc
and from time to time to reconcile an accounts for and in the name of the corporation with the
Riviera Beach Bank, of Riviera Beach, Florida, and from time to time to deposit funds of the corporation therein,
the same to be subject to withdrawal by checks, drafts or orders signed by
John MacArthur. Norman Rowland, C. T, hyi- �a----- �Q----- ......... -- ...........
(Syeeify in what manner — singly or Jointly)
and that the said Bank may rely upon the authority herein conferred upon said designated person(s) until de-
livery to it of a certified copy of a resolution of this Board revoking or modifying the same; and that such
authority shall include checks drawn to the order of any of said persons.
Jolla kac:srtilur, Noman 80,iwland, C. T. Nyland ANY Ta0
(2) RESOLVED, that - --- --- - - - - -- —_ -- - - --
(Specify in what manners -tingly, or Jointly)
be and they hereby are, authorized to borrow money from time to time on behalf of this corporation from the
Riviera Beach Bartle, at its office at Riviera Beach, Florida, and with or without security, executing in connection
therewith such documents or notes as may be necessary to procure the same.
(3) RESOLVED, that _______jowl olac.lrtlzur, Norman ilowl:nd, C. T. riyland ANY T60
1S (SDecify in what manner— s{Agly or Jointly)
are hereby authorized to sign negotiable or non - negotiable instruments, indemnity or other agreements, assign-
ments, endorsements, hypothecations, receipts or other documents in connection with transactions between or
through said Bank and this corporation to sell, reregister, pledge, transfer, set over or make negotiable for the
benefit of the corporation or as security for the corporation's loan any registered or unregistered collateral or
other assets owned by the corporation, and to execute any documents necessary in connection with transactions
between or through said Bank, and this corporation and that the said Bank may rely upon the authority herein
conferred upon such designated person (s) until delivery to it of a certified copy of the resolution of this Board
revoking or modifying the same.
IN WITNESS WHEREOF, I have hereunto subscribe my name and affixed the seal of the said corpom-
tion, this 9th day of i)eceaber / 1959
City Clerk --
(CORPORATE SEAL)
pop., a— . -47 e>...
hatrii�' �1itL-
Mrs. Name ~ltd OE .�.a1.: �, c^ i_�+ %,ai ic't�`_• .__ . Partnership
CCCIII ❑ 1
M�' aCC Liti. .,t., Lake Paik, Fla. ❑ hi
Mailing ._ .............. — ... ...................................... ............... .---- ------ .__ ..
.
❑ ...._ _ ..–......_. . .......... .....
Address
❑ Firm
TO RIVIERA BEACH BANK. RIVIERA BEAC FLORIDA
You are authorized to recognise any of the signatures subscribed to to the payment of funds or the transac-
tion of any business for this account. It is agreed that all transactiana etween you and the underalgp�d shall be
governed by the contract printed on the reverse side of this card. �. // A
SIGNATURE
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of Town
F rmer bank wi Occulleinee
A/C th 1 H s
Opened by Data First deposit $
ji ties of l�hW dr
aoearadlr tho,aylotr, -
f ' s�•p° i"'xrk'' aSt �y 5 �4y.
t6/0i
Ant hods ptattt4(Il -
1111 ., .... /
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[3 IndldAoal
$s pia. ❑ Fartnenhb
1tt
t- ................... U Firm
:Rt BEAC FLORIDA
eM lalfaer , lhad to to the otythnnt of fund. er the traneac-
I nil tran.aetigne tween you and the under.1irped shat] be
• ATM -� - V 1 L�LL� i ( - — _ _ — —__ __ — __ _
Out of Town
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Addnar
Forma banit ., :,� a „uru
A/C with ,r IL
References ”
Opetted by Date
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9
1 CERTIFY that the following is a lnie copy of .,ttnu, resuiutluns of the Board of Directors of
t;rt} of iaL, ooa
_ --------------- -._ _____ _ ___ ._. _ - __ _ - -
tName of Corporation in full)
a corporation duly organized and existing under the laws of
(Name of State where ora.ntted)
having its principal place of business in i '' ' t • 1 1 , 1 1, , i t y
(Nerve of City or To" and State)
duly adopted in accordance with the by -laws at, and recorded in the minutes of a meeting of the said board on
.lecel,l , r 1)I, S9
15 -- - -.
(Date of laaetina)
and not subsequently rescinded or modified:
.,,Mari '1 ^..1JI, is
(1) RESOLVED, that ate hrrchV aothortued to open
and from time to time to reconcile an account or accounts foi and m di, name of the onporation with the
Riviera Beach Bank, of Riviera Beach, Florida, and from tune to tune to deposit fluids of the corporation therein,
the same to be subject to withdrawal by checks, drafts or orders 5igiwd by
jobit P1„cAitlutrr Norman i'Lo -I arid, ('. I', • 1.ui l
-- ----- - --- -- -- - --- --- ------- - -- -- - -- - -
1111
- - - - - -- � - -- (Spaeify In what Mannar —ain¢Ir or jointly)
. _ __ -_ _ __-- - __
and that the said Bank may rely upon the authority herein confcrred up,rn s,itd d,signated lt,rson(s) until de-
livery to it of a certified copy of a resolution of this Board tevnkoih or modifying the wine, and that such
authority shall include checks drawn, to the order of any of said persons
(2) RESOLVED, that --
(Sperifr in what Ma ner-- wlnply nr pnnllr)
be and they hereby are, authon7ed to borrow money from timr to nitre III hchalf of this rorporition from the
Riviera Beach Bank, at its office at Biviera Brach, Florida, and ssltli I,r x0liorrt spoons, executing Ili tonnection
therewith such documents or notes as may be necessary to (niu m 0w r saml'
(3) RESOLVED, that _ ''I' I ' 1 1. 1 , 1 .11 ..
(Specify In what m.nner -- einaly u. 3,•, tl. I
i6
f are hereby autborixcd to sign negotiable or non-negotiable u)stnurems mdrrmoi, .a othil ngu•ements, nsstgn-
ments, endorsements, hypothecations, receipts or othet docurents In connrtilnl srtlh transactions between or
through said Bank and this corporation to sell, reregister, ple,dgc, transfrr set reset ,Il make negotiable for the
benefit of the corporation or as security for the corporation's loan any reg)str'red of uutegisteted collateral or
osvroloi 1— _ +60. 1. a. aor � .. r f., o ,..•.o -. .rina its r,6Tj.SSi1q aot+tlPl tatrn_aultlr tr
between or thmugh staid Bank, and this, -corporation and that tthe said Bank tnav rely npnn the authority herein
•1'' conferred upon such designated person(s) until delivery to it tut a testified r -olrx' of the icsntution if this Board
revoking or modifying the same,
IN WI'1 4 SS WHEREOF, I h, herrunt„ snbevrlld it," , 1— n, 1 I hl i the wnl 16+. s;ud ,,orpors-
tion, this n j 11 day of i r III 1
(CORPORATE SEAL)
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