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011647-Adjourned Session424 MINUTES CiTY COMMISSION, SANFORD, FLORIDA, ._T~;,?_?y at 4:oo w 19 The City Comm~sion of the City of Sanford, Florida, met in adjourned session at the City Hall in theCity of Sanford, Florida, at 4:©0 o'clock P.M. January 16,1947. Present: Commissioner ri. James Gut, ~ayor " George D.Bishop " Andrew Carraway " Lea R.Lesher " Robert A. Wllliams City Manager & Clerk H.N.Sayer. Meeting called to order by the Chairman who announced that the purpose of the meeting was to confer with Messrs Alex Johnson and Forrest Gatchell, President and Secretary, respectively of the Central Florida Quick Freeze andCold Storage Company, Inc., with reference to their aoplicatlon for an option to purchsse the old municipal airport property, described as the Southwest Quarter of Section y, Township 20 South, Range 31 East, ( Less railroad right-of-way of the Atlantic Coast Line Mailroad Company). The Board then proceeded to s lengthy discussion with Messrs Johnson and Gatchell, as a result of which the price, terms of payment and terms of option was agreed upon. Thereupon Commissioner Lesher moved that the Mayor and Clerk be authorized to enter into an agreement on behalf of the City, granting the Central Florida Quick Freeze and Cold Storage Company, Inc., an option for a period of ninety days to purchase the aforesaid property at a price of $Y,500.00 cash, or a a price of $8,000.00 to be paid as follows: $500.00 cash and $1,500.00 annually for a period of five years with interest on the deferred payments at the rate of five percent per annum, payable annually, said deferred payments to be secured by purchase money mortgage on the said property. Seconded by Commissioner Carraway and carried unanimously. There being no further business the meeting adjourned. /Mayor. Attest: