1964-513L
ORDINANCE NO. 513
ORDINANCE OR CITY OF SOUTH MIAMI, FLORIDA,
AUTHORIZING CITY MANAGER TO EXECUTE ON BEHALF
OF THE CITY A LEASE WITH L. D. PANKEY, E. E.
ALGER AND VAL H. STIEGLITZ; SAID LEASE COVER-
ING: PORTION nP T.O'PC :� 5, 61, 68, 69 OF W. A.
LARKINS SUBDIVISION, PB 3/198 AND' BEING EXECUTED
FOR 'PURPOSES OF PROVIDING OFFSTREET PARKING
FACILITIES
WHEREAS, L. D-. PANKE-Y, .E. E. ALGER and VAL H.TIED -S
TIEGLITZ
have offered to lease unto the City certain lands hereinafter
described for the purpose of providing offstreet parking
facilities, and
WHEREAS, the City Council finds that it is to the
advantage of 'the City to enter into such a lease agreement;
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY
COUNCIL OF CITY OF SOUTH MIAMI, FLORIDA:
1. That the City hereby agrees to lease from L. D. PANKEY,
E. E. ALGER and VAL H. STIEGLITZ, for the purposes of providing
offstreet parking facilities, those certain lands legally
described as, to -wit:
West 55.33 ft of South 25 11t of 'Lots 4 and 5 and
the West 55.33'ft'of Lots 67, 68, 69 of W. A. LARKINS
SUBDIVISION, according to the Plat thereof, as recorded
in Plat Book 3 at Page 198 of the Public Records of
Dade County, Florida
2. The City Manager is hereby authorized to execute on
behalf of the City a Lease Agreement for such 'purposes, said
Lease Agreement to be for a term of 5 years and to provide for
a rental of 50% of the gross revenues.
PASS ?D AND ADOPTED this 19th day of November, A.D. "1964.
i
Presding Officer, City Council
ATTEST:
City Clerk