R03-021RESOLUTION NO. R03- O ~ ~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
BY A SUPER MAJORITY VOTE THE PURCHASE OF
FOUR PARCELS OF LAND FROM NICHOLAS J.
ROSTANZO TO CONSTRUCT RETENTION PONDS
ASSOCIATED WITH THE NE 7TH TO l0TH AVENUE
STORMWATER IMPROVEMENT PROJECT; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Utilities Department is attempting to acquire a total of 17 different
parcels of land from 12 private property owners for the purpose of building stormwater
retention areas in the N.E. 7th to 10th Avenues neighborhood; and
WHEREAS, a Negotiations Summary has been prepared by the City Real Estate
Administrator outlining the component monetary steps to the purchase of the four subject
parcels, and an appraisal has been prepared for the subject parcels; and
WHEREAS, the purchase price is 20% over the appraisal value, a super majority of
the City Commission (4 out of 5 commissioners) is required to approve this purchase;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
i THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The foregoing "WHEREAS" clauses are hereby ratified and confirmed
as being true and correct and are hereby made a specific part of this resolution.
Section 2. The City Commission does hereby authorize the purchase of 4 parcels
of land from Nicholas J. Rostanzo in order to construct a series of retention ponds associated
with the N.E. 7th to 10th Avenue Stormwater Improvement project in the amount of $216,000.
Section 3. The City Administration is authorized to execute documents necessary
to effectuate the intent of this Resolution.
Section 4. That this Resolution shall become effective immediately upon passage.
S:\CAkR_ESO~AdministrativekRostanzo Purchase - 4 lots doc
PASSED AND ADOPTED this ~ day of February, 2003.
ATTEST:
Commissioner ""--
S:\CA~RESO~Administrative~O. ostanzo Purchase - 4 lots.doc