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Res 90-84 RESOLUTION NO. 90-84 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 SECTION 20, TOWNSHIP 46 SOUTH, RANGE 43 EAST. WHEREAS, the City of Delray Beach, Florida is the owner of Lot 25, Sub- division of Section 20, Township 46 South, Range 43 East, Delray Beach, Palm Beach County, Florida, being more particularly described as follows: The North 295.20 feet of the South 320.20 feet (as measured parallel with the East line of Lot 25) of the West 295.20 feet of the East 320.20 feet (as measured parallel with the South line of Lot 25) of Lot 25, Subdivision of Section 20, Township 46 South, Range 43 East, Delray Beach, Palm Beach County, Florida, according to the plat thereof recorded in Plat Book 1, Page 4 of the Public Records of Palm Beach County, Florida; and, WHEREAS, Coleman F. Carroll/Archdiocese of Miami is the owner of Lot 26, Subdivision of Section 20, Township 46 South, Range 43 East, Delray Beach, Palm Beach County, Florida, being more particularly described as follows: The West one quarter (W¼) of Lot 26, Subdivision of Section 20, Township' 46 South, Range 43 East, Delray Beach, Palm Beach County, Florida, according to the plat thereof recorded in Plat Book I at Page 4, Sheet I of the Public Records of Palm Beach County, Florida; and, WHEREAS, the City Council of the City of Delray Beach has previously 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 the Archdiocese of Miami, 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. Closing costs will be paid as follows: (a) As to the property being transferred by the City, it shall provide an owners title insurance policy, at its expense, and pay the documentary stamps on the deed of conveyance; and the Archdiocese of Miami will pay the recording fee for the deed it is receiving from the City; and (b) as to the property being transferred by the Archdiocese of Miami, it shall provided an owners title insurance policy, at its expense, and pay the documentary stamps on the deed of conveyance; and the City will pay the recording fee for the deed received from the Archdiocese of Miami. Additionally, the City will pay survey and appraisal costs for the Archdiocesan property. 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, Florida 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 23rd day of October , 1984. ATTEST: 0 I