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05-38 RESOLUTION 05-38 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA ("CITY"), REQUESTING THE BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA ("BOARD OF TRUSTEES"), ENTER INTO A 50-YEAR LEASE WITH THE CITY OF BOARD OF TRUSTEES OWNED REAL PROPERTY AS DESCRIBED HEREIN; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of Trustees is vested with title to real property legally described as Lot 1, GREEN FIELD SUBDIVISION, as recorded in Plat Book 31, Page 28, of the public records of Pinellas County, Florida, addressed at 706 North Missouri Avenue, Clearwater, Pinellas County, Florida; and, WHEREAS, said real property is anticipated to become vacant and available for lease by the Board to the City on or before January 2006 in accordance with provisions of Section 253.034, Florida Statutes; and, WHEREAS, the City proposes to lease for a term of 50 years and utilize said property for the purposes of establishment and operation of an event support facility and other municipal and recreational based programs, along with other related uses necessary for the accomplishment of this purpose; and, WHEREAS, the desirability and benefits to be derived from entering into a 50-year lease of the subject property for the stated purposes, subject to the obligations and responsibilities imposed thereby as provided in Chapter 18 - 2.021 (4), Florida Administrative Code (Management Plans), all having been duly considered: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. A formal request made to the Board of Trustees that it cause to be drafted and provide a Lease Agreement proposing to enter into a lease with the City of Lot 1, GREEN FIELD SUBDIVISION for a term of 50 years to be utilized for the purposes of establishment and operation of an event support facility and other municipal and recreational based programs, along with other related uses necessary for the accomplishment of this purpose, is hereby approved. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 16th day of November ,2005. -i.~ K~ 'Frc6ik V. Hibbard, Mayor Attest: U:\RESOLUTIONS\RES 05-38 (ARMORY LEASE)101405.doc