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21-1551A Termination Lease Agreement between City and Longwood Planation HOA RESOLUTION NO. 21-1551A A RESOLUTION OF THE CITY OF LONGWOOD, FLORIDA, APPROVING AND AUTHORIZING TERMINATION OF THE LEASE AGREEMENT BETWEEN THE CITY AND LONGWOOD PLANTATION HOMEOWNERS ASSOCIATION, INC. FOR ASSOCIATION TRACT K;AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City of Longwood ("City") leased certain property identified as Tract K and more specifically described in that lease agreement("Lease")between the City and the Longwood Plantation Homeowners Association, Inc. ("Association") pursuant to the terms and conditions of such Lease;and WHEREAS,such Lease commenced on January 1,2001,and would ordinarily expire on December 31, 2099; and WHEREAS, over time,the mutual objectives of both the City and the Association with regard to the Lease have changed such that the parties no longer believe that the Lease is of mutual benefit to each other; and WHEREAS, the City desires to terminate the Lease. NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA,that: SECTION 1. The City Commission hereby approves the termination of the Lease and authorizes the Mayor to execute, on behalf of the City,the Termination of Lease Agreement that is attached hereto and incorporated herein. SECTION 2. This Resolution shall take effect immediately upon its adoption. PASSED AND RESOLVED this 17 day of May 2021, by the City Commission of the City of Longwood, Florida. CITY OF LONGWOOD f Brian D. Sackett, May ATT T. Mich Lo , CRM, City Clerk Approved as to form and legality for the use and reliance by the City of Longwood, only. Daniel W. n y, y torney