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3. The City of Clearwater expressly agrees that the Railroad may
continue to use the said property together with all improvements
and will not require a vacation of same by the Railroad for a
period of 60 days after all of the conditions of the Exchange
Agreement imposed upon the City have been completed
4. The Railroad shall not be required to retire the existing mortgage
until all of the other conditions Imposed upon the City have been
performed In accordance with said Exchange Agreement.
PASSED A14D ADOPTED, this 25th day of May, 1959.
Attest:
i lark •
R E S 0 L U T 1 0 N
No. 59- S
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LL
.st :A!-'1_lr_.f.'+...fs_.. ?xir1::9.,._'t.:,, ,..,.:id •:.?.;J'.,w}.3.t?.7'•?' .
JAI
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WHEREAS, the City of Clearwater heretofore entered Into a certain
Exchange Agreement with Tampa & Gulf Coast Railroad Company on
July 15, 1955, and;
WHEREAS, said Agreement has been extended from time to time by
mutual agreement of the parties, and;
WHEREAS, for sufficient reasons the City of Clearwater has requested
said Railroad to execute its deed to the property as described in said
Exchange Agreement not withstanding the fact that all of the covenants
and conditions of said Exchange Agreement are not fully performed, and,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF CLEARWATER, FLORIDA, IN SESSION DULY AND REGULARLY ASSEMBLED, AS FOLLOWS:
1. The said City of Clearwater does hereby accept and agree to all
of the conditions set forth in the certain Deed from Tampa 6
Gulf Coast Railroad Company to the City of Clearwater, Dated
May 1, 1959 as though the same were expressly set forth herein.
2. In particular the said City agrees that said deed shall be null
and void and the property shall revert' to the Railroad, its
successors and assigns unless the City performs all and singular
the obligations and undertakings imposed on It under the afore-
said Exchange Agreement, as extended and modified, on or before
DecrAber 31, 1959, time being of the essence.
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