R08-079
II
I RESOLUTION NO. R 08 - O,l:(
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4 A RESOLUTION OF THE CITY COMMISSION OF THE
5 CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING
61 THE EXECUTION BY THE MAYOR AND CITY CLERK
7 OF AN ALLONGE TO PROMISSORY NOTES WHICH
8 WERE EXECUTED IN FAVOR OF THE CITY OF
9 BOYNTON BEACH RATHER THAN THE BOYNTON
10 BEACH COMMUNITY REDEVELOPMENT AGENCY;
II AND PROVIDING AN EFFECTIVE DATE.
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14 WHEREAS, the Community Redevelopment Agency prepared a number of promissory
15 notes and mortgages in conjunction with its Homebuyers Assistance Program commencing in
16 December, 2007; and
17 WHEREAS, the form of documents were borrowed from the City of Boynton Beach and
18 in their preparation the preparers of the documents failed to change the designation from the City
19 of Boynton beach to Community Redevelopment Agency; and
20 WHEREAS, the City of Boynton Beach has no interest in either the note or mortgage
21 and the approval of an allonge will cure this error.
22 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
23 CITY OF BOYNTON BEACH, FLORIDA, THAT:
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Section 1.
The foregoing "WHEREAS" clauses are true and correct and hereby
25 ratified and confirmed by the City Commission.
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Section 2.
The City Commission of the City of Boynton Beach, Florida, authorize the
27 Mayor and City Clerk to execute the following Allonge to Promissory Note:
28 Christopher J. Wiley and Kimberly A. Wiley, husband and wife
29 Omar Smith and Kimberlee Smith, husband and wife
30 Erica Poag, a single woman
31 Dawn Osowsky, a single woman
32 Lasendra Hoggins
S:\CA\RESO\Allonge to Note and MTG.doc
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Lauren Godden, a single woman
Faith Dickens, a single woman
Section 3.
That this Resolution will become effective immediately upon passage.
PASSED AND ADOPTED this /5" day of July, 2008.
CITY OF BOYNTON BEACH, FLORIDA
Commissioner - Ronald Weilan
ATTEST:
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Commissioner - Marlene Ross
S\CA\RESO\Allonge to Note and MTG.doc
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