Agreement 8/21/1973
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A G R E E MEN T
'I'HIS AGREEMENT, made and entered in to this .J.../.[f day of
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, 1973, by and between KALMAN GOLDBERG, as Trustee,
hereinafter referred to as- the "SELLEP,," and CITY OE' MIAMI BEACH,
a Florida municipal corporation, hereinafter referred to as the
"CITY".
WIT N E SSE T H:
That for and in consideration of the sum of One Dollar
($1.00), each to the other in hand paid, and in further considera-
tion of the mutual covenants hereinafter sei.: forth, the parties
agree as follows:
1. The SELLER will sell and convey, in lieu of condemna-
tion proceedings and the CITY will purchase that certain parcel of
land situate, lying and being in the City of Miami Beach, Dade
County, Florida, more particularly described as follows, to wit:
S. 50' (less W. 3' thereof) of the N. 100' of
Lot 1, Block 7A, of GOLF COURSE SUBDIVISION,
as recorded in Plat Book 6, at page 26, of
the Public Records of Dade County, Florida,
and that part of the bridle path lying east
of the S. 50' of the N. 100' of Lot 1, and
'the N. 50' (less the w. 3') of the S. 116.9'
of Lot 1, Block 7A, and that part of the
bridle path lying east of the N. 50' of the
S. 116.9' per Plat of Golf Course Subdivision,
together with and including all personal property and fixtures
therein contained, said property being also known as Mari-Lane
Apartments, 1915-1925 Meridian Avenue, Miami Beach, Dade County,
Florida.
2. The SELLER will, within fifteen (15) days from the
date hereof, furnish to the CITY an abstract of title showing the
SELLER'S title to be good and marketable.
3. The SELLER will convey said land together with the
personal property and fixtures therein contained to the CIT'': by
good and sufficient warranty deed, free and clear of all encum-
brances, except restrictiore of record, zoning ordinances of the
City of Miami Beach, Florida, such municipal improvement liens
as may be pending, but not certified at the time of the closing
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of the transaction contemplated hereby. All taxes shall be
pro-rated as of the date of the delivery of possession of sub-
ject property by SELLER to CITY.
4. The CITY agrees to pay to the SELLER as the full
purchase price of said land, personal property and fixtures, the
sum of Five Hundred and Eighty-Seven Thousand Dollars ($587,000.00),
in cash, at the time of the closing of the transaction contemplated
hereby.
5. The personal property and fixtures being a part of
this transaction shall be enumerated and set forth in an inventory
thereof to be submitted to the C!TY and shall be agreed upon by
the parties prior to the date of closing of this transaction.
6. All required documentary stamps, State and Federal,
shall be affixed to the Deed at the time of the delivery at the
cost of the SELLER.
7.
'The transaction coKemPlated hereby shall be closed
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October -J:S;-, 1973. '\ . 'i .~., IC)"
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The SELLER is entitled to possession until M~~afi 31r
not later than
8.
1974, and will be responsible for all taxes, casualty insurance,
and normal maintenance during the time of his possession. SELLER
shall obtain and maintain general public liability insurance of
$100,000/$300,000 with CITY named as additional insured.
9. A copy of the casualty insurance certificate of
said property shall be made available to the CITY within ten (10)
days of the execution and delivery of this agreement naming the
CITY as co-insured as its insurable interest may appear.
10. Said sum of Five Hundred and Eighty-Seven Thousand
Dollars ($587,000.00) shall be in full compensation for the taking
of said land and personal property enumerated and set forth in
inventory hereinabove mentioned, including all attorneys I fees,
expenses, and other costs, if any.
11. In order to insure payment of all taxes and other
claims against the property in accordance with this Agreement,
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OA'IC! 01' CITY Arr01NIY-1JJQ WASHINGTON A\l!HUI-MIAMI HACH. RoalDA 331J9
the sum of Ten Thousand Dollars ($10,000.00) shall be held in
escrow by the CITY until the delivery of possession of the
subject property to CITY.
12. This Agreement shall be binding upon each of the
parties hereto, and their respective heirs, legal representa-
tives, successors and assigns.
IN WITNESS WHEREOF, the SELLER has hereunto set his
hand and seal, and the CITY has caused these presents to be
signed in its name by its duly authorized officer and its
corporate seal to be hereunto affixed the day and year first
above written.
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KALMAN GOLD~ERG, as Trus ~e
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In the presence of:
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CITY OF MIAMI BEACH
By ~)VVJ,C_~~
MAYOR
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Attest:
AhA//1t /); a:i7l{A/A7
ACTING CITY CLERK
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oma OF ern ATTOIHIY _, 1 30 W"SHIHGTON AYlHUf - MIAMI .tACH. FlORIDA 33139