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Res 44-80 RESOLUTION NO. 44-80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AUTHORIZING PURSUANT TO THE CHARTER OF THE CITY OF DELRAY BEACH THE EXCHANGE OF REAL PROPERTY OWNED BY 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 a tract of land in Section 18, Township 46 South, Range 43 East, Palm Beach County, Florida, being more particularly described as follows: Beginning at a point, which point is the intersection of the south right-of-way line of State Road 806 and the east line of Golfview Estates Subdivision as recorded in Plat Book 24, Page 50 of the Public Records of Palm Beach County, Florida, which point is also the northeast corner of Lot 1 of the aforesaid subdivision; thence with said right-of-way line N. 83026'49'' E, 97.00 feet to a point; thence S 7°26'49" W, 114.92 feet to a point; thence S 87o03'49'' W, 80.00 feet to a point on the east line of the aforesaid subdivision; thence with said east line, N 0°50'41'' W, 106.99 feet more or less to the point of beginning; less road right-of-way of Record; and, WHEREAS, Sunshine Broadcasting Co., Inc., is the owner of Lot 2 of Golfview Estates Subdivision as recorded in Plat Book 24, Page 50, of the Public Records of Palm Beach County, Florida; 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 the Sunshine Broadcasting Co., Inc., upon the terms and conditions set forth in this resolukion. Such property to be exchanged on an equal basis with neither party paying any additional consideration. Also, upon the condition that the parties shall split equally the closing costs~fthe exchange except that each party shall bear their own attorney's fees. 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 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 AND ADOPTED in regular session on this the 13th day of May , 1980. M A y O R~'~ LEON M. WEEKES ATTEST: C~ty Clerk