Resolution 1995-519
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RESOLUTION NO. 95- 519
RESOLO'1'IOH OF '1'HB BOARD OF COOHTY COMHISSIOJlERS,
COLLIER COOHTY, FLORIDA AO'1'HORIZIHQ CHARLES SCHWAB
, CO., IHC. TO ACT AS AGENT FOR '1'HB SALB OF STOCK
CERTIFICATBS WnB TKE PROCEEDS WILL BB USED FOR
'1'HB LAKB AVALOH REGIOKAL PARK PROJBCT
Dr,RoEAS, the Board ot County Commissioners on June 6, 1995
approved the purchase of Lake Avalon property contingent upon
the donation by Herbert and Margaret Sugden in the amount of
Five Hunjred Thousand Dollars ($500,000.00) ot cash or cash
equivalE~ts towards the ,urchase and develo)ment ot the Lake
Avalon Regional Park Prcject; and
DIADS, the Board )f County Commissiclers and Herbert and
Margaret Sugden have ent~red into a contrac: concerning this
contribution; and
DEREAS, Herbert and Margaret Sugden have agreed to
transfer stock certificates to the County ,~lued at Five
Hundred 1'housand Dollart ($500,000.00) to t~ sold by the County
and the proceeds to be t'led for the Lake A\ :don Regional Park
Project; and
XOW: TJlnEFORB, BB IT RBSOLVED BY '1'HB BOARD OF COUIITY
COMMISSIOHERS, COLLIn COUNTY, FLORIDA, th.~:
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Charles Schwab' co., Inc. is authoriztld to act as agent
for the sale ot the stoe ~ certificates tran,lferred to the
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County b} Herbert and Me. 'garet Sugden.
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'ATTEST:
DWIGHT E. _BROCK, Clerk
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ApproVe~.~s to torm and
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iJLL ;} ;h:1t, i
H I 1 F. Ashton
Assistant County Attorney
HF AIbI9940
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNT , FLORIDA
By:
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