Reso 2006-897 - Laserfiche WebLink

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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 Funding 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 and fees above $20 Million Dollars ($20,000,000) shall be equally shared by the parties on a 50%/50% pro rata basis. The School Board agrees to file the eminent domain petition~ with the circuit court to acquire the Subject Site upon completion of all required pre-suit investigations and will proceed expeditiously and use it beet efforte to shall file the petition~ by or before March 31 May-4-, 2006. The School Board further agrees to provide copies of all notices and pleadings to the City Attorney. The School Board and the City represent and warrant that they will or have allocated sufficient funds to acquire the Subject Site. Page 4 of 10