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Resolution No. 20-46RESOLUTION NO. 20-46 RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA, DIRECTING STAFF TO NEGOTIATE THE DEVELOPMENT OF A PURCHASE AND SALE AGREEMENT FOR 0 LILY STREET; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Atlantic Beach recognizes the vital importance of acquiring conservation and recreation lands; and WHEREAS, the City of Atlantic Beach has demonstrated a commitment to preserving and, in certain cases, making improvements to the portions of the Intracoastal Waterway adjacent to the City by acquiring Dutton Island Preserve, Riverbranch Preserve and Tideviews Preserve; and WHEREAS, the property, located at 0 Lily Street directly adjacent to Riverbranch Preserve, consists of approximately 2.1 acres; and WHEREAS, this property's location on the marsh in Atlantic Beach would provide a passive recreational amenity for the City in the future, would add protection to nearby properties from extreme storm events, and would preserve critical marsh -front habitat in perpetuity. NOW THEREFORE, be it resolved by the City Commission of the City of Atlantic Beach as follows: Section 1: The City Commission directs staff to negotiate the terms for the purchase and sale agreement and associated financing documents for the conservation acquisition of the property located at 0 Lily Street Atlantic Beach F132233. The final purchase and sale agreement and associated financing documents shall be presented to the Commission for review and final approval prior to execution. Section 2: This resolution shall take effect immediately upon its final passage and adoption. PASSED AND ADOPTED by the City Commission of the City of Atlantic Beach, this 12`h day of October, 2020. i/Sdat, Donna L. Bartle, City Clerk Approved as to form and correctness: Bre D n City Attorney G( El n Glasser, Mayor