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ORDINANCE NO. 4180A-86 'M,'
AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA,
RELATING TO THE CLEARWATER MARINE SCIENCE CENTER; ""'' • 44'r'-a
AMENDING ORDINANCE 4028-85 OF THE CITY OF CLEARWATER
TO DELETE THE REQUIREMENT THAT THE CLOSING ON THE
SALE OF THE PROPERTY TO THE CLEARWATER MARINE
SCIENCE CENTER SHALL TAKE EFFECT SIMULTANEOUSLY WITH
THE CLOSING OF THE MORTGAGE FUNDING TO FINANCE THE
del. PROPOSED EXPANSION; PROVIDING AN EFFECTIVE DATE. ti } F r
s.rf WHEREAS Ordinance 4028-85, which authorized the sale of the property'
?,> zs described in that ordinance to the Clearwater Marine Science Center, subject to
.w.,y
referendum approval, provided that the closing shall take effect simultaneously with
the closing of the mortgage funding to finance the proposed expansion; and%
W
WHEREAS, the Clearwater Marine Science Center has requested that said
' requirement be deleted from the Ordinance, and the City Commission has no objection
thereto;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION
Y?'• •'r4e: i.'?
• 1, T,'A 5I',L
OF THE CITY OF CLEARWATER, FLORIDA:
Section 1. Subsection A of Section 2 of Ordinance 4028-85 is amended to read:
r= Section 2. A. That the municipal real property, colloquially known as
;?;'. +
Island Estates Wastewater Treatment Plant and more articular) described in
' Section 1 above, which has been declared surplus and no longer needed for public
`' `. ? YAM
use as provided for in Section 2.01 of the Charter of the City of Clearwater,
:y
shall be sold to the Clearwater Marine Science Center for the sum of $1.00,
4 payable at closing, said elesing shall take ef€ee4 sinittitaneetisky with the elesing
of the mertgege funding to €inanee the prepesed expansien-, which sum may be
less than the fair market value of the property. Provided, however, that neither y,}
a; V1
f.•
r the Clearwater Marine Science Center nor its successors or assigns shall ever
permit the ro ert to be encumbered b an mort a e lien or other lien or liens
r
y one time and
=?{ for an amount exceeding, in the aggregate, $600,000 .00 at Qn
_
this provision, shall survive closing and be a covenant running with _ the land, the
breach of which shall result in a reversion of the property to the City of }'3 p p
t ,FSAE ??,
7
_Clearwater free and clear of all liens and encumbrances except for a mortgage
lien or liens in the aggregate principal amount of $600,000.0 or less. This
covenant shall expire upon the Clearwater Marine Science Center's obtaining a
construction loan for the2urpose of consummating the expansion plans of the `
4
1
Clearwater Marine Science Center.
Ord. 4189A'-86 7117/86
ORDINANCES I p< ?? '
410086 to 4189A-86 a`
Section 2. The City Commission finds and declares that this amendment to
Ordinance 4028-85 embodies a procedural provision, as opposed as to a substantive
provision, and is not such a material change to the terms and provisions of Ordinance
4028-85 ws to require referendum approval. Therefore, this Ordinance shall take
of feet ten (10) days after adoption.
PASSED ON FIRST READING June 19, 1986
PASSED ON SECOND AND
FINAL READING AND ADOPTED &Uly 17, 1986
AS AMENDED 71 -MaMr-Commis§iblfer 7XI
Attest:
.. Taw.. ? • .
City lerk
Approved as to form
and correctness:
City Attorne
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