Res 88-81 RESOLUTION NO. 88-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, AUTHORIZING PURSUANT TO THE CHARTER OF
THE CITY OF DELRAI BEACH THE EXCHANGE OF REAL PROPERTY
OWNED BI THE CITY OF' DELRAY BEACH LOCATED IN SECTION 18,
TOWNSHIP 46 SOUTH, RANGE 43 EAST..
WHEREAS, the City of Delray Beach, Florida is the owner of Lots
2, 3 and 4, Golfview Estates~ Subdivision as recorded in Plat Book 24, Page
50 of the Public Recorda of Palm Beach County' Florida; and,
WHEREAS, Namii Corporation is the owner of a tract of land in
Section 18, Township 46 South, Range 43 East, Palm Beach County, Florida,
being mote particularly' described as follows:
A pa=cei of land in the W½ of the SW% of Section 18,
Township 46 South, Range 43 East, Palm Beach County,
Florida, more particularly described as follows:
Commencing at the Southeast corner of the West % of the
Southwest % of Section 18, Township 46 South, Range 43
East, run N 00"03'46"W, along the East line of the said
West %, a distance of 900.43 feet to the point of curva-
ture of a curve concave, to the Southwest, having a radius
of 310.00 feet and a central, angle of 43"34'19", said
point also being the point of beginning; thence norther-
ly, along' the arc of said curve, a distance of 235.75'
feet to the point, of reverse curvature of a curve concave-
to the Northeast,. having a radius of 440.00 feet and a
central angle of 43°34'19"; thence Norther%y, along the
arc of said curve, a distance of 334.61 feet to the point
of tangency; thence N 00°03'46"W, a distance of 54.92
feet; thence N 84°13'35"E, a distance of' 80.40 feet;
thence S 00"03'46"E, a distance of 62.92 feet to the
point of curvature of a curve concave to the-Northeast,
having a radius of 360.00 feet and a central angle of
43"34'19"; thence Southerly, along the arc of said curve
a distance of 273..77 feet to the point of reverse curva-
ture of a curve concave to the southwest, having a radius
of 390..00 feet' and a central angle of 06~12'55"; thence
Southerly, along the arc of. said curve, a distance of
42.3~ feet to a point of said curve; thence S 00~03'46"E,
a distance of 236.64 feet to the point of beginning,
containing 0.86 acres more or less; and,
WHEREAS, City Council. 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 Namil Corporation, 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) On the property being transferred by
the City, it shall provide an owners title insurance policy, at its ex-
pense, and pay the documentary stamps on the deed of conveyance. The City
will pay the recording fee for the deed received from Namil Corporation;
(b) As to the property being transferred by Namil Corporation, it shall
provide an owners title insurance policy, at its expense, and pay the
documentary stamps on the deed of conveyance. Also, Namil Corporation
will pay the recording fee for the deed it is receiving from the City. In
addition to the exchange of property the City has agreed to abandon a
portion of Homewood Boulevard, which portion is specifically described in
the contract on file in the office of the City Clerk.
NOW, THEREFORE, BE' IT RESOLVED BY THE CITY COUNCIL OF THE CITY OH
DELRA~' BEACH, FLORIDA, AS~ FOLLOWS:
Section 1. That the. City' Council of the City of Delray Beach
does hereby authorize the. exchange, by standard form general, warranty deed
of the~ above-described real. property' located in the City of Delray Beach.
PASSED~ AN~ ADOP~ED~ itl =egula=' sessiom on thi~ the 10th d&~ o~
November , 198l.
M A-Y~O ~
LEON M. WEEKES
ATTE S T :~
-2- Res. No. 88-81