The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1946-09-11
Key West Completes Deal
For Purchase Of $4,000
Property Along BeachfrOnl
COMMISSIONERS AUTH
ORIZE DOWN PAY
MENT OF $4,000 FOR
QUARTER BLOCK

AT a special meeting held at
noon today Key West City Com
missioners passed a resolution
authorizing purchase of the
Sweeney beachfront property at
the foot of Duval street, for the
sum of $4,000.
The property will be used for
a bathing beach and to provide
recreational facilities for the city
of Key West. Negotiations for
its purchase have been under
way since last April.
Bought Under Lease
The property is being bought
under a lease agreement, with
the life of the lease extending
over period of IL years. Ac-
cording to an escrow agreement
read at the meeting today, the
city of Key West will make a
down payment of $4,000 on the
property, the remaining pay
ments to be made at the rate of
$1,000 annually for the remain
ing ten years and carrying an in
terest rate of five per cent.
Interest for the first year will
amount to $3.50, according to
City Attorney J. Lancelot Lester,
reducing $135 every year there
after until final payment is
made.
In order to raise the $4,000
necessary for the down payment
on the property, City Commits
sioners today passed a resolution
authorizing transfer of $500 for
the purpose from the sewerage
operation and maintenance fund.
SweeneYs Owned Property
The. property is being purchas-
ed from Charlotte M. Larranaga.
nee Sweeney, Minnie Isabella
Sweeney and Isabel G. Sweeney.
The escrow agreement between
Sweeney heirs and the city of
Key West is being held by the
Florida National Bank until all
of its terms are met by both
parties. Officials at City Hall
said today that the down pay
ment and all necessary sigma
lures to legal documents would
be completed within the next
two or three days.
Description of the property,
that has been purchased under
lease agreement, is as follows:
Parcel of lot 4, square num-
bered 5 in tract is. Lot COM
mences at point on ;Duval street,
100 feet from South street and
IS feet from high water mark on
South Beach; and running
thence in a northwesterly direc-
ton parallel with South street
241 feet and three inches; thence
at right angles in a southeasterly
direction 1876 feet to high water
mark on South Beach; thence
along the South Beach in a
southwesterly direction to the
terminus of Duval street on said
beach; thence along Duval street
in northwesterly direction IS
feet. more or less, to the place
of beginning.
Also Part of Tract is
'Also, a part of tract is, COM
mencing at point on Duval
street 1876 feet from the corner of
South and Duval streets and run
ming thence in an easterly direc-
ton to a point which is 24l feet
three inches from Simonton
street and 285 feet from South
street. on the easterly boundary
line of lot Four; thence from
said last named line of said lot
Four, 100 feet; thence at right
angles in a southwesterly dlrec-
ton 241 feet and three inches;
thence at right angles in north
westerly direction along the line
of Duval street to the place of
beginning.
Together with the riparian
rights thereunto belonging or In
anywise appertaining."
Payments to Bank
The City of Key West will
make the payments on the prop
erty to the Florida National
80 ....l..l 40 hold