Sec. 122.430.2. - Release of Reservation, Restrictions, and Reverters; Subordinations.

(a) Right of entry for subsurface rights released. The right of entry for the purpose of exploration and for phosphate, minerals, metals and petroleum or any interest as reserved pursuant to F.S. § 270.11, is released. (b) Subordinations of City property interests. The Real Estate Division may execute subordinations of the City's interest in rights-of-way to a State or federal agency that requires a superseding interest for public purposes for the benefit of the City. (c) Subordinations of mortgages and liens. The Mayor and Corporation Secretary are authorized to execute mortgage or lien subordinations where the subordination will put the City in no worse position than it held prior to the subordination. (Ord. 2018-871-E , § 2) Note— See editor's note, Subpart B.