Res 53-75 RESOLUTION NO. 53-75
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH, FLORIDA, AMENDING RESOLUTION NO.
52-75 RELATING TO PERMISSION GIVEN TO DELRAY
BEACH POLICE BENEVOLENT ASSOCIATION TO ASSIGN
THE 99 YEAR LEASE THEY HOLD AS LESSEE ON CITY
PROPERTY FOR COLLATERAL SECURITY FOR A LOAN
THE PROCEEDS OF WHICH WERE TO IMPROVE THE PROPERTY
LEASED, DELETING THAT PORTION OF SAID RESOLUTION
NO. 52-75 WHICH PROVIDES NO PHYSICAL CHANGES IN THE
PROPERTY UNLESS AU~{ORIZED BY THE CITY OF DELRAY
BEACH.
WHEREAS, the City Council of the City of Delray Beach gave permission
· for the assignment of the lease as collateral security set forth in the
caption above and more particularly described' in Resolution No. 52-75; and,
WHEREAS, at the time of passage of Resolution No. 52-75, City
Council added the following amendment "that there would be no physical
changes of the improvements on the property, unless authorized by the City
of Delray Beach"; and,
WHEREAS, Resolution No. 52-75 passed with this amendment is not
acceptable to the lending institution to which the assignment of the lease
was being made; and,
WHEREAS, the original building and improvements located upon the
property, which is the subject of the 99 year lease, were fully paid for
not by the City of Delray Beach but by the Delray Beach Police Benevolent
Association.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That the.City Council hereby deletes that portion of the
amendment "that there would be no physical changes of the improvements on
the property unless authorized by the City of Delray Beach".
PASSED AND ADOPTED in regular session on this the 10th day of
November, 1975. '
ATTE S T:
City Clerk