R91-036RESOLUTION NO. ~/-~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A CERTAIN RELEASE BETWEEN THE
CITY OF BOYNTON BEACH, FLORIDA AND PALM
BEACH COUNTY, FLORIDA, WHICH IS ATTACHED
HERETO AS ~XHIBIT "A"; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, it has been determined by the City Commission
~f the City of Boynton Beach, Florida to be in the best
interest of the citizens and residents of the City of
Beach to execute a certain Release between the City
)f Boynton Beach and Palm Beach County, in the matter of
Palm Beach, et al. v. Palm Beach County, Case No.
CA (L) 01 E, wherein Palm Beach County shall
se the City of Boynton Beach for the interest due on
[ts share of the road and bridge tax funds due them under
of the Supreme Court of Florida, Case No.
~3,956, said amount being in the sum of $21,100.21.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
THE CITY OF BOYNTON BEACH, FLORIDA THAT:
Section i. The City Commission of the City of
Beach, Florida hereby authorizes the Mayor and City
21erk to execute said Release, attached hereto as Exhibit
Section 3. This Resolution shall take effect
up6n passage.
PASSED AND ADOPTED this _.~_~ ~//f~March, 1991.
C~O~D~NTON BEACH, FLORIDA
/ ~y~r ~ j ~
Vice'Mayor
~®mmlss loner
Co~tl s s 1 oner
Commi ss ~ner
RELEASE
KNOW ALL MEN BY THESE PRESENTS:
THAT the undersigned, being duly authorized by the
governing Council of the City below named, for the sole con-
sideration of its proportionate share of Two Hundred Seventy
Thousand, Three Hundred Eighty. Six and no/lO0 Dollars
($270,386.00), paid by Palm Beach County, receipt whereof is
hereby acknowledged,~<does~hereby release, acquit and discharge
Palm Beach County from the Amended Final Judgment as to Inter-
est Only, dated , 1991, in Town
of Palm Beach, et al. v. Palm Beach County, Case NO. 82-5252 CA
(L) 01 E, directing the defendant Palm Beach County to reim-
burse the named municipalities for the interest due on their
share of the road and bridge tax funds due them under the opin-
ion of the Supreme Court of Florida, Case No. 73,956 (January
31, 1991).
The undersigned further
tionate share of Two Hundred
Eighty-Six and no/100 Dollars
acknowledges that its propor-
Seventy Thousand, Three Hundred
($270,386.00), as indicated on
Exhibit "A" hereto, constitutes a full and final satisfaction
and settlement of any and all claims that the undersigned City
has against Palm Beach County for violation of the road and
bridge tax statute, Section 336.59, Florida Statutes (1983),
for the fiscal years 1982-83, and 1983-84 (The principal amount
of said Amended Final Judgment dated September 17, 1987 having
been previously paid by the County and received by the City).
The undersigned hereby authorizes Palm Beach County to
make the payment of the principal amount of the Amended Final
Judgment to each of the cities in accordance with the Summary
of Rebates Due Gities (Exhibit "A" hereto) which is incor-
porated into and made a part of this release.
IN WITNESS W~EREOF~'-We have hereunto set our hands and
seal this day of , 1991.
CITY 0F BOYNTON BEACH,
a municipal corporation
By.
Attest:
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