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HomeMy WebLinkAboutR-16-06 Authorize Sale/Transfer Leasehold Asset at Airport RESOLUTION: R-16-06 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE CITY MANAGER TO REPRESENT THE CITY OF SEBASTIAN IN THE SALE/TRANSFER OF LEASEHOLD ASSETS BETWEEN COOPER TRADING CORPORATION dba SEBASTIAN AERO SERVICES AND FISHE FLYING CORP; PROVIDING FOR CONFLICT; PROVIDING FOR EFFECTIVE DATE. WHEREAS, the City of Sebastian owns certain real property at the Sebastian Municipal Airport; and WHEREAS, Cooper Trading Corporation and its subsidiary Sebastian Aero Services is a bona fide leaseholder at the Sebastian Municipal Airport; and WHEREAS, Cooper Trading Corporation and Fishe Flying Corp. have signed a "Letter of Intent"for the sale of assets from Sebastian Aero Services to Fishe Flying Corp., NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SEBASTIAN, as follows: AUTHORIZATION. The City Manager is hereby authorized to monitor the sale and asset transfer of the leasehold from Sebastian Aero Services to Fishe Flying Corp. TIME. The City Manager is authorized to grant 60 days for consummation of the lease assignment from Sebastian Aero Services and Fishe Flying Corp. CONFLICTS. All resolutions or parts of resolutions in conflict herewith are hereby repealed. EFFECTIVE DATE. This resolution shall take effect immediately upon its adoption. The foregoing Resolution was moved for adoption by Council Member Cny The motion was seconded by Council Member Hill and, upon being put to a vote, the vote was as follows: Mayor Bob McPartlan aye Vice Mayor Jerome Adams absent Council Member Andrea B. Coy aye Council Member Jim Hill aye Council Member Richard Gillmor aye The Mayor thereupon declared this Resolution duly passed and adopted this 23rd day of March 2016. CITY OF SEBASTIAN, FLORIDA By: Mayor Bob McPartlan ATTEST: Approved as to form and legality for ,21f< /,�WA�� reliance by the City of Sebastian only: Sally A. aio, MMC i! City CIT k Jr. 4 i" •��"`.. Robert A. Ginsburg, City Attorney 2