07-17-61c RESOLUTION
WHEREAS, the City Council of the CITY OF BOYNTON
BEACH, FLORIDA, deems it essential for the protection and safety of the
inhabitants of said city that automatic train-approach warning signals
with bells and short arm gates be installed at the intersections of Ocean
Avenue and Northwest Second Avenue and the Seaboard Air Line Railroad's
right-of-way; and
WHEREAS, the estimated cost of constructing said installa-
tions is $39,981. 00; and
WHEREAS, the said Seaboard Air Line Railroad has agreed
to bear the total costs for the initial installation of the above safety devices
in return for the city's agreement to reimbul'se the company in an amount
equal to fifty (50) per cent of the actual cost incident to such installation,
with payments to be made annually in equal amounts over a five year period,
without interest, with the first payment being due one year from the date of
completion of said installations,
NOW, THEREFORE, be it RESOLVED by the City Council
of the CITY OF BOYNTON BEACH, FLORIDA, that the Mayor and City Clerk
are hereby authorized to enter into a written agreement with the Seaboard
Air Line Railroad Company carrying into effect the intent of this Resolution.
PASSED and ADOPTED this ~ q ~ day of July, A. D. 1961.
(CORPORATE SEAL)
ATTEST:
City Clerk
./~/' ' - Mayor
V~ee Mayor-:
Councilman
.~ouncilman
.,' ~oune~lman