HomeMy WebLinkAboutGeneral Development 1982 Tills AGREEIqENT, made end entered into thin ~ day
f.=_..'~'~, .by and between GENERAL
DEYELOPNENT
CORPORATION,
ter referred to ns "Genernt"), m Delaware corporation authorized to
'do buntneus in tl~e State of Florida, nod the CITY OF SEBASTIAN (hereinafter
referred to an **City'*), a municipality under tile ln~s o[ Florida;
MITNESSETll
~IIERF~S, General entered ~nto an agreement ~lch the ~lty datmd
~)IEflF~S, an n reaul~ of nard agreement certain addtttona~ road
repair and ~ea~rfaeluR wan required; and
~IIEREAS, ~eneral has proponed resolution of n~l outntnndtn$
obligations onder ~o agreement d~lted Augunt 15~ 19~91 mid
~UEEEAS, on April .12, 1982. City advised tt ~nn ~tlltng to
such reouluttoo tn full settlement of ali obligations ,nd~r nard AnBuat
19~9 agreement b~ r~aotutton panned by ~Jortty vote of tim ~tty
NON, TIIERI~FORE, tn conatderutton of the mutual covenants eontatnod
herein and ot.l~er good and vatuM~le conatderntton tho partten hereb~ agrnn
I. Cmu~rnt nha~t pay tho eom of Thirty Smv~n Thounnnd
.(~3~,000.00) Dollarn by eorporat~ check to ~lty.
2. Upon receipt of said num. Ct~y hereby agreen to accept tho
in full aettlemnnt of att claims and obligations aristas out
agreemenC dated AugunC 15, 1979, ~tth the exception of repair of cor~ borins
hole~ le~c unfilled 9ubsequenC to testing.
3. ~eueral 9hall repair ali core boring helen left unfilled
8ut{ae?,~c ~u ~ci,~5 ~i~hin Unica i - b; 8 - 15; and portionn of 16 and 17.
6. Upon Inspection of aais{ rep~t.r the Ctty-nh~l~ si~n ~
acknovledgtng that tire repair haa been completed and releastng Genera[ ~rom
~[[ further ciatnm or obllanttonn artatn~ out of the aareement dated
15. 1979.
5, This usreement is executed on behalf of the City of Sebastian
accordance ~lth a reaolutton pusoed by majority vote of tile Ct~'y Counel~
GENERAL DEVELOPHENT CORI~RATIOH
Atteat :~
CITY OF SEBASTIAN
Attest
I.E~. 70156