Reso 2006-914 - Laserfiche WebLink

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covenants hereinafter set forth, the parties agree as follows: Section 1. Recitals Incorporated. The above recitals are true and correct and incorporated herein. Section 2. Purpose. The purpose of this Interlocal Agreement is to outline the responsibilities of the School Board and the City with respect to the sharing of costs in acquiring the Subject Site, the joint use of the adjacent City park, closure of an intervening street to optimize school operations, and operational issues related to the proposed school. Section 3. Enablinq Ordinance and Resolutions. The School Board and City agree to approve and keep in effect such resolutions and ordinances as may be necessary in meeting the purposes of this Agreement. Section 4. Acquisition Fundinq and Eminent Domain. Pursuant to Section 1013.24, Florida Statutes, the School Board hereby agrees to acquire the School Site through eminent domain, as authorized at its meeting of January 18, 2006. Upon the issuance of an order of taking by the circuit court, the City agrees to tender the first $10 Million Dollars ($10,000,000) for the cost of acquiring the Subject Site, which include, but are not limited to, attorney's fees and expert fees associated with the acquisition of property through eminent domain proceedings. If the cost of acquiring the Subject Site exceeds the City's initial tender, the School Board shall be responsible for all additional costs and fees associated with the acquisition of the Subject Site not to exceed the sum of $10 Million Dollars ($10,000,000). These additional costs and fees include, but are not limited to, the cost of acquiring the Subject Site, attorney's fees, expert fees and all other costs associated with the eminent domain proceedings. Any and all other costs Page 4 of 11