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Res 31-86 RESOLUTION NO. 31-86 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AUTHORIZING PURSUANT TO THE CHARTER OF THE CITY OF DELRAY BEACH, FLORIDA, .AND SECTION 2-7(b) OF THE CODE OF ORDINANCES OF THE CITY OF DELRAY BEACH, FLORIDA, THE EXCHANGE OF REAL PROPERTY OWNED BY THE CITY OF DELRAY BEACH LOCATED IN LOTS 17 AND 18, BLOCK 1, OCEAN PARK, DELRAY BEACH, PALM BEACH COUNTY, FLORIDA. WHEREAS, the City of Delray Beach, Florida is the owner of certain property located in Lots 17 and 18, Block 1, Ocean Park, Delray Beach, Palm Beach County, Florida, being more particularly described as follows: The North §.0 ft. of the South 56.0 ft. of Lot 17 and the North 5.0 ft. of the South ~56.0 ft. of the East Half (E½) of Lot 18, all in Block 1, Ocean Park, Delray Beach, Palm Beach County, Florida, according to the plat thereof recorded in Plat Book 5 at page 15 of the Public Records of Palm Beach County, Florida. Containing 225 square feet. WHEREAS, Saiina Realty is the owner of two parcels of property located in Block 1, Ocean Park, Delray Beach, Palm Beach County, ~Florida, being more particu- larly described as follows: Parcel 1 The South 34.0 ft. of the North 41.0 ft. of the West 10.0 ft. of Lot 19, Block 1, Ocean Park, Delray Beach, Palm Beach County, Florida, according to the plat thereof recorded in Plat Book 5 at page 15 of the Public Records of Palm Beach County, Florida. Containing 340 square feet. Parcel 2 The South 4.0 feet of the North 45 feet of Lot 19, excluding that portion lying West of the arc formed by a 4.0 ft. radius with its center at a point 4.0 feet East of the West boundary of Lot 19 and 4.0 feet North of the South boundary of Lot 19; and the South 4.0 feet of the North 450 feet of the West half (W½) of Lot 18, all in Block 1, Ocean Park, Delray Beach, Palm Beach County, Florida, according to the plat thereof recorded in Plat Book 5 at page 15 of the Public Records of Palm Beach County, Florida. Containing 176.6 square feet. WHEREAS, the City Council of the City of Delray Beach has prev/ou~lv discussed and is of the opinion that it would be in the best interest of the City to exchange the above-referenced real property owned by the City for the above-referenced real property owned by Salina Realty, upon the terms and conditions set forth in this Resolution. Such property to be exchanged on an equal basis with neither party paying any additional consideration with Salina Realty bearing all costs and expenses for such exchange of both pieces of property, including, but not limited to, owners title insurance, documentary stamps on the deeds of conveyance, and recording fees for the deeds of conveyance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the City Council of the City of Delray Beach, Florid~ does hereby authorize the Mayor to execute a standard form general warranty deed of the above-described real property located in the City of Delray Beach in accordance with the terms of this exchange, as set forth herein. PASSED AND ADOPTED in regular session on this the 10~:h day of MAYOR ATTEST: 2 RES. NO. 31-86