07-1766 Target Land Exchange Agreement

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RESOLUTION 07-1766 "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, AUTHORIZING THE EXECUTION OF A LAND EXCHANGE AGREEMENT BETWEEN TARGET CORPORATION AND THE CITY OF CASSELBERRY; PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE." WHEREAS, the City of Casselberry desires to obtain two identified parcels from Target Corporation, (via Fee Simple Warranty Deed), in lieu of condemnation proceedings; and WHEREAS, these parcels are required for additional road right-of-way to construct the improvements associated with the Triplet Lake Drive and U.S. Highway 17/92 Intersection Improvements Project; and WHEREAS, the City of Casselberry has agreed to construct a new parking area north of the existing Melody Lane water tower and convey said parking area to Target Corporation, (via Fee Simple Warranty Deed); and WHEREAS, Target Corporation has agreed to exchange said parcels provided that the City agrees to convey an off-site Sign age Easement for the relocation of an existing large monument sign and an additional small monument sign; and WHEREAS, Target Corporation has agreed to provide two separate Temporary Construction Licenses to the City of Casselberry, in order for the City to reconstruct and construct two specific parking areas and reconstruct a part of the stormwater collection system belonging to Target Corporation; and WHEREAS, City staff has reviewed the land Exchange Agreement between Target Corporation and the City of Casselberry and finds it favorable to the City. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: SECTION I. The City Commission of the City of Casselberry hereby approves the agreement for the exchange of lands between Target Corporation and the City of Casselberry (attached hereto as "Exhibit A"), and authorizes the Mayor to execute said document on behalf of the City. SECTION II. Conflicts. All Resolutions or parts of Resolutions in conflict with any of the provisions of this Resolution are hereby repealed. SECTION III. Severabilitv. If any Section or portion of a Section of this Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force, or effect of any other Section or part of this Resolution.