HomeMy WebLinkAboutResolution 623 Seminole Utility Company
RESOLUTION NO. 623
A RESOLUTION OF THE CITY OF WINTER SPRINGS,
FLORIDA AUTHORIZING THE EXECUTION OF THAT
CERTAIN AGREEMENT OF PURCHASE AND SALE BETWEEN
THE SEMINOLE UTILITY COMPANY AND GULFSTREAM HOLDING CORP
AND THE CITY OF
WINTER SPRINGS, FLORIDA RELATIVE TO THE CITY'S
ACQUISITION OF THE ASSETS OF SEMINOLE UTILITY
COMPANY.
WHEREAS, pursuant to the authorization of the City Commissioners
an agreement for the purchase and sale of the assets of Seminole Utility
Company and Gulfstream Holding Corp. has been negotiated, a copy of which is attached hereto as Exhibit A.
WHEREAS, the City of Winter Springs has held the public
hearing pursuant to Section 180.30l of the Florida Statutes and has determined
that it is in the City's best interest to acquire the Seminole Utility Company
and Gulfstream Holding Corp. assets pursuant to the Agreement attached as Exhibit A.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF WINTER SPRINGS AS FOLLOWS:
SECTION I - The City Commissioners hereby approve and direct
the execution of that certain agreement between the Seminole Utility Company
and Gulfstream Holding corp.and the City of Winter Springs, a copy of which is attached hereto as Exhibit
A, relative to the City's acquisitionlof the assets of the Seminole Utility
Companyand Gulfstream Holding Corp. and the Mayor is directed to execute, after the approval of the
City's attorneys, said agreement and the City Clerk is directed to attest and
affix the Seal of the City thereto.
SECTION II - This Resolution shall remain in force until
supplemented, amended, repealed or otherwise altered.
SECTION III - All resolutions or parts of resolutions in
conflict with this Resolution are hereby repealed.
SECTION IV - This Resolution shall take immediate effect upon
its passage and approval.
Passed and adopted this 23rd day of October, 1989.
CITY OF WINTER SPRINGS, FLORIDA
LEANNE M. GROVE, MAYOR
ATTEST:
MARY T. NORTON
CITY CLERK