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FIRST AMENDMENT TO INTERLOCAL AGREEMENT TO DISSOLVING MGAF ~ ~ :. I ) FIRST AMENDMENT TO INTERLOCAL AGREEMENT DISSOLVING THE MUNICIPAL GAS AUTHORITY OF FLORIDA This Interlocal Agreement (this" Agreement") is made and entered into by and between the following parties: (a) The former members of the Municipal Gas Authority of Florida ("MGAF"), a dissolved governmental entity created pursuant to Chapter 163 of the Florida Statutes, to wit: the City of Clearwater, a municipal corporation of the State of Florida; the City of Defuniak Springs, a municipal corporation of the State of Florida; the City of Leesburg, a municipal corporation of the State of Florida; the City of Live Oak, a municipal corporation of the State of Florida; the City of Perry, a municipal corporation of the State of Florida; the City of Sunrise, a municipal corporation of the State of Florida; the Geneva County Gas District, a special district organized and existing under the laws of the State of Alabama; the Lake Apopka Gas District, a special district of the State of Florida; and the Palatka Gas Authority, a special district ofthe State of Florida (collectively, "MGAF's Former Members"); and (b) The City of Clearwater, in its capacity as liquidating Trustee of MGAF (the "Trustee"), pursuant to that certain "Interlocal Agreement Dissolving the Municipal Gas Authority of Florida" dated September 22, 2000 (the "Dissolution Agreement"). WITNESSETH: WHEREAS, c.c. Pace Resources, Inc. ("C.C. Pace") and MGAF entered into that certain Gas Services Management Contract, dated as of June 21, 1996 (the "Services Contract'); WHEREAS, pursuant to the Services Contract, c.c. Pace established and maintained an interest bearing escrow account in its name and under its federal tax identification number for the benefit ofMGAF, and periodically provided MGAF and its members account reports identifying deposits into and disbursements from that bank account; WHEREAS, c.c. Pace is taxed on all interest earned under said escrow account, and C.c. Pace and MGAF agreed that C.C. Pace would pay such taxes due and owing out of the interest income generated by such escrow account, and estimates for such tax liabilities were accounted for as deductions in C.c. Pace's account reports to MGAF; WHEREAS, on or about September 22,2000, C.c. Pace presented MGAF an account report dated August 31, 2000, identifying an escrow account balance of $34,320.31 as reduced by estimated taxes; WHEREAS, MGAF was dissolved on or about September 30, 2000, pursuant to the Dissolution Agreement; WHEREAS, pursuant to the Dissolution Agreement, all ofMGAF's assets were transferred to the Trustee as of September 30, 2000 for payment ofMGAF's remaining debts and subsequent liquidation and distribution of the assets to MGAF's Former Members; WHEREAS, after MGAF was dissolved, a dispute related to the Services Contract arose between C.C. Pace and its affiliates and the Trustee, over demands by (a) the Trustee for a return of the $34,320.31 balance remaining according the August 31, 2000 bank account report, plus accrued interest, and (b) C.C. Pace for payment of various Page 1 of 11 ~ '. I I expenses and fees related to services rendered to MGAF under the Services Contract, and both such demands were emphatically denied by the other party; WHEREAS, C.C. Pace and the Trustee have negotiated a proposed settlement agreement (the "Proposed Settlement Agreement") concerning the foregoing dispute, a copy of which is attached hereto as "Exhibit A;" WHEREAS, the Trustee seeks consideration and approval of the Proposed Settlement Agreement by MGAF's Former Members; WHEREAS, Section 6 ofthe Dissolution Agreement contemplated that by December 31, 2000, the Trustee would liquidate and distribute to MGAF's Former Members all assets previously owned by MGAF, but the above- described dispute prevented the Trustee from doing so; and WHEREAS, if the Proposed Settlement Agreement is approved by MGAF's Former Members, the Trustee will be in a position to liquidate and distribute to MGAF's Former Members all assets previously owned by MGAF on or before March 31, 2002. NOW THEREFORE, in consideration of the premises set forth above, and the covenants, obligations, duties, and benefits herein set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, MGAF's Former Members and the Trustee agree as follows: 1. Date Amended. All references to the date of "December 31, 2000" contained in Section 6 of the Dissolution Agreement and all subsections and subparts thereof are hereby amended to read "March 31, 2002". 2. Proposed Settlement A!!reement Approved. MGAF's Former Members hereby approve the Proposed Settlement Agreement, and authorize and direct the Trustee to enter into same. 3. Counterparts and Ori!!inals. This Agreement shall be executed in nine (9) identical originals. In addition, this Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, all of which when executed, delivered, and taken together shall constitute one and the same instrument. The Trustee shall distribute one (1) original ofthis Agreement with nine (9) duplicate signature pages to each party. Each party shall duly execute all nine (9) signature pages and immediately after such execution, shall deliver all nine (9) original signature pages and counterparts of this Agreement to the Trustee in c/o Brian Langille, 400 North Myrtle Avenue, Clearwater, FL 33755. Upon receipt of all originals and/or counterparts, the Trustee shall collate and deliver one (1) complete and fully executed original to each party. Upon receipt of same, each party shall be responsible for filing and/or recording its original with the Clerk of the Circuit Court ofthe county in which the party is located and each other county where a local gas system operated by the party is located, and shall make any other filings or recordings as may be required by law, or as may be necessary or appropriate. [TillS SPACE INTENTIONALLY LEFT BLANK] Page 2 of 11 I I IN WITNESS WHEREOF, the parties have caused this Interlocal Agreement on the dates set forth below: By: CITY OF CLEARWATER, FLORIDA ~~.~-~ Illiam B. Horne, IT City Manager Countersigned: Approved as to form: Attest: e C. Hayman ssistant City Attorney r~L. jb~.f2,~. Cynthia E. Gou~u. ... . City Clerk . [TillS SPACE INTENTIONALLY LEFT BLANK] Page 3 of 11 f J ATTEST: Jg~~ ByJ~ ~.~~ I CITY OF DEFUNIAK SPRINGS CITY COUNCIL BY: 1U\~,~tj~:b ~ ITS: tl~ l/"4-vt4~ Date: ~" 2. APPROVED AS TO FORM: BY: [TillS SPACE INTENTIONALLY LEFT BLANK] Page 4 of 11 ATTEST: CITY CLERK 1 I CITY OF LEESBURG CITY COMMISSION BY: 7 4xC? ITS: Mayor Date: February 11, 2002 APPROVED AS TO FORM: BY t~ti1}(~ Counsel for the City of Leesburg [THIS SPACE INTENTIONALLY LEFT BLANK] Page 5 of II ~ J I ATTEST: CITY OF LIVE OAK CITY CLERK CITY COUNCIL BY: BY: ~f~- ITS: f4.<lYl"lT Date: January 9, 2002 APPROVED AS TO FORM BY: 'J ~4~ ( ounsel for the City 0 Live Oak [TillS SPACE INTENTIONALLY LEFT BLANK] Page 6 of 11 10 ATTEST: CITY CLERK BY: W~'C. I I CITY OF PERRY CITY COUNCIL ~Q~L ITS: M A'fDR. ~~tM~j, Date: APPROVED AS TO FORM BY: tV, %e-- Counsel for the City of Perry [TillS SPACE INTENTIONALLY LEFT BLANK] Page 7 of 11 '" I I AUTHENTIC A TE: CITY OF SUNRISE CITY CLERK BY:~~ - -- .' ..... -. --- ...". ~ ~ BY: ::....-: :I~,..:- ITS: W\.q~ ~ r -..-- .:- - ~ .' ~.::: ::v _: _ ~ ~ ~ ~ ", - ' ....... ....:".. - . -- :~ Date: l-Z.~"'o~ APPROVED AS TO FORM B . [THIS SPACE INTENTIONALLY LEFT BLANK] Page 8 of II .", I I ATTEST: GENEVA COUNTY GAS DISTRICT CLERK BY: BY:~ ~ 91} ,~ D~ ITS: ~ Date: C / - 23-t):L APPROVED AS TO FORM [TillS SPACE INTENTIONALLY LEFT BLANK] Page 9 of 11 I- ~ I I ATTEST: LAKE APOPKA NATURAL GAS DISTRICT CLERK ~~'X~w\iL By:f~1r'/~ (j ITS: President Date: 0 1 / 2 8 / 2 0 0 2 APPROVED AS TO FORM BY: [TillS SPACE INTENTIONALLY LEFT BLANK] Page 10 of 11 ". "\. ATTEST: CLERK BY: ~./Alif~ ~ r I PALATKA GAS AUTHORITY BY: 4~ (? ~~ ITS: Date: JnCVn~r ~ I /1' /0::.1- APPROVED AS TO FORM BY: ~~~ [TillS SPACE INTENTIONALLY LEFT BLANK] Page 11 of 11 ""'