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RESOLUTION 91-20284 RESOLUTION NO. 91-20284 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING EXECUTION OF A FIRST AMENDMENT TO THE SALES AGREEMENT WITH MILTON LAVERNIA FOR SALE OF PARCELS 2 AND 3 IN NORMANDY ISLE, TO EXTEND THE TIME TO CURE THE DEFECTS IN TITLE AND THE TIME TO CLOSE. WHEREAS, pursuant to Resolution No. 90-20010, the City of Miami Beach ("City") entered into a Sales Agreement (the "Sales Agreement") on June 5, 1990 with MILTON LAVERNIA (the "Purchaser") for the sale of Parcels 2 and 3 in Normandy Isle; and WHEREAS, the Sales Agreement provided for title defects to be cured within thirty (3 0) days from notification of said defects; and for the closing to take place within sixty (60) days of the approval of said Sales Agreement by the City Commission; and WHEREAS, the City is still in the process of curing certain defects in title and as such the deadlines to cure these defects and to close have passed; and WHEREAS, the parties wish to amend the Sales Agreement to extend the time to cure these defects in title to a date equal to ninety (90) days from the date of execution of this First Amendment by both parties and to extend the closing date to thirty (30) days from the date said title defects are cured; and WHEREAS, the City Manager has recommended this First Amendment and the City Attorney has approved it as to form. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the Mayor and the City Clerk be and they are hereby authorized and directed to execute said First Amendment in the name of and in behalf of the City of Miami Beach, Florida. PASSED and ADOPTED this 8th day of May , 1991. ATTEST: City Clerk 17 % ,+'-v< < .1:��4,;.'�',r�..,._e_..�..�,.r .�.:.�.��...�. .. < '_=..iJ.B..etr;::w:+r::. x.«.t+:f�.<'..i..3.< tri:i:,t.o, fr•_.'Sd:.i"�=iY•=...rY.J.s..'-::kr.:.:.:. ac..kc..s..2 tea..:.a'. '.r te4• <u�s�'a s::..is.�*"a:. .«-�•�.._ � •..,...a &eel veeetwe eeete% s= �ON, FLORIDA 3 3 1 3 9 $*�INCORP�'ORATED)* "V A CA TJONL A NIS U. S. A. " OFFICE OF THE CITY MANAGER CITY HALL 1700 CONVENTION CENTER DRIVE TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO. /33-9J DATE: May 8, 1991 TO: Mayor Alex Daoud and Members of the City Commission FROM: Carla Bernabei Talarice City Manager SUBJECT: FIRST AMENDMENT TO THE SALES AGREEMENT WITH MILTON LAVERNIA FOR SALE OF PARCELS 2 AND 3 IN NORMANDY ISLE, TO EXTEND THE TIME TO CURE THE DEFECTS IN TITLE AND THE TIME TO CLOSE BACKGROUND: Pursuant to Request for Proposals (RFP) No. 73-89/90, the City Administration recommended to the City Commission the sale of surplus property located at 1195 and 1205 North Shore Drive on Normandy Isle. These parcels, also known as Parcels 2 and 3 in the RFP and described on the attached copies of surveys, were formerly used as a trash transfer station. In accordance with City Commission Resolution No. 90-20010, approved June 6, 1990, the City of Miami Beach entered into a Contract of Sale with Mr. Milton Lavernia for the purpose of constructing two (2) single family detached residential dwellings, one on each parcel, to accommodate uses compatible with the surrounding land use. The Contract of Sale anticipated a closing date within sixty days of its approval by the City Commission. However, a defect upon the title to the property was discovered, requiring additional time to cure. PROVISIONS: This First Amendment to the Contract of Sale provides for an extension of time of ninety (9 0) days from the date of execution of the First Amendment for the Seller (City) to cure the title defects and to extend the closing date to thirty (30) days from the date the title defects are cured. RECOMMENDATION: The City Administration recommends that the City Commission approve the attached resolution authorizing the Mayor and City Clerk to execute the First Amendment to the Contract of Sale of Parcels 2 and 3 on Normandy Isle, to extend the time to cure the defects in title and the time to close. CBT. rYHH.AAM 20 AGENDA • ITEM_ G1 l DATE FIRST AMENDMENT TO SALES AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND MILTON LAVERNIA This First Amendment to Sales Agreement ( "First Amendment" ) made and entered into this 15th day of May , 1991 by and between the City of Miami Beach, a Florida municipal corporation (hereinafter referred to as "City" ) , and Milton Lavernia (hereinafter referred to as "Purchaser" ) . WITNESSETH WHEREAS, pursuant to the Resolution No . 90-20010 , City entered into a Sales Agreement (the "Sales Agreement" ) on June 5 , 1990 with Purchaser for the sale of Parcels 2 and 3 in Normandy Isle ( as more particularly described in the Sales Agreement) ; and WHEREAS, the Sales Agreement provided for title defects to be cured within thirty ( 30 ) days from notification of said defects and for the closing to take place within sixty ( 60 ) days of the approval of said Sales Agreement by the City Commission of the City; and WHEREAS, the City is still in the process of curing certain defects in title described in Section 1 below (the "Title Defects " ) and as such the deadlines to cure the Title Defects and to close have passed; and WHEREAS, the parties wish to amend the Sales Agreement to extend the time to cure the Title Defects to a date equal to ninety ( 90 ) days from the date of execution of this First Amendment by both parties ( the "Effective Date" ) and to extend the closing date to thirty ( 30 ) days from the date said Title Defects are cured; NOW, THEREFORE, the City and the Purchaser in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, agree as follows : 1 . Notwithstanding Paragraphs 9 and 11 of the Sales Agreement, Seller shall have a period of 90 days from the Effective Date to cure the Title Defects . The Title Defects constitute the following: ( a) Declaration of RESTRICTIVE COVENANT contained in that Warranty Deed from Mortimer C . Gryzmish and Florence L. Gryzmish, his wife, to the City of Miami Beach, filed May 15 , 1937 in Deed Book 1804 , at page 64 , Public Records of Dade County, Florida . (b) Reservations contained in Deed from Trustees of the Internal Improvement Fund of the State of Florida to Normandy Beach Property Corporation dated May 8 , 1930 filed May 14 , 1930 , in Deed Book 1381 , at Page 525 , Public Records of Dade County, Florida, reserving onto the Trustees of the Internal Improvement Fund of the State of Florida a 3/4 interest in all phosphates , minerals and metals and a 1/2 interest in all petroleum; with the privilege to mine and develop same . (c ) Any other matters which arise prior to the closing but subsequent to the effective date set forth in Chicago Title Insurance Company Proforma Title Commitment No . 7142 which affect marketability of title . Failure of Seller to cure the Title Defects within such 90 day period shall give Purchaser the option of ( i ) terminating the Sales Agreement within 30 days thereafter and receiving a return of his deposit within 10 days after City receives written notice of termination, or ( ii) extending the time period for curing the Title Defects for a period acceptable to Purchaser and Seller. • Closing shall take place within 30 days following the end of the time period described above for curing the Title Defects . 2 . Purchaser hereby agrees and confirms that City has complied with all terms, conditions and requirements of the Sales Agreement other than curing the Title Defects , and hereby agrees that the sole and exclusive remedy of Purchaser, in the event City is unable to cure the Title Defects , is return of its deposit . 3 . Except as modified by the terms of this First Amendment, all terms and conditions of the Sales Agreement are hereby ratified and confirmed. IN WITNESS WHEREOF, the undersigned have hereunder set their hands and seals this 15th day of May , 1991 . Signed, Sealed and Delivered CITY OF MIAMI BEACH in the presence of : 4( ir te2cleca-0, Attest : L-17-471- -4;/ fff/ raAcAAt2( es- Li-tow-- As to City City Clerk 4),M...//// u,7)/1,11/A-7V/11..) /12 ,1,1,W (krk-/A& /e/i/r As to Purchaser Milton Lavernia // FORM APPROVED LEGAL DEPT. Date -C7y -2- JEC3205s • i 4 3 / - 1 / toi . lu 1 - ;Ti - i _ / L'A' ,,,. ,,, a3 , z- irr sl 5° I Z° 3 2 9 4Z'I Z 32 - '�a / -t Xru 1 ,As Ii ;�� � }-- 5 VZ g44-�71 • / L / rit....................,i ['Ptit 1 . Age. Z1.o0' ` £ . . •4 v serr • .r�o `"` t i 14 e-I , r �� �loFfta V '''‘a_.,:„.,.... .:1,U _ e. rn f'ARGS Z ::: -•�: - ! r� rho o� � :f Q N I Z 00 8 ` . F't C;,fil 4( �� 4•.�O (� ; CaOC SOV it SE � ' ti/---- � ° ,�NJC 5.20 % if • L!o .to ° i0 i / , 1 a3 ---II : i v ., 1 4. tE v L / k tJ 55°44'31°�JV 1 . , C r D� aREs�d� o f P le Oen. I 1�s GOIj �'�� • U•�• r 4 +k►sNst �' .y' e c• *' a 16 . 4 3 2 I \4$\ N e i :,v Dii ' T o K5160 of SUFvEy o '` ,. p, .icits. 1.mi• d017 rq . ' P7,:, L-- rv.t ( b- 'Gs C' o4e .c-ca. AG-A M . . LY- .0 .�G18► 00 SiG ,2 • -ril . ai . a Commence at the Northwest corner of Tract 46A,NORMANDY GOLF COURSE SUBDIVISION, according to the plat thereof recorded in Plat Book 44,at Page 62,Public Records of Dade County,Florida,said point also known as the Northwest corner 1.r of Lot 18,subdivision of Tract 46A,of the NORMANDY GOLF COURSE SUBDIVISION,Plat Book 55, Page 95, Public Records of Dade County,Florid thence from the Northerly line of Tract 46A deflecting 79.36'34'to the left to the tangent of a central angle 9'07'46'and a radius of 2225.00 feet and runs along the arc of �� a circular curve,concave to the havingF BEGINNING,thence continue said circular cave concave to the •' said curve for a distance of 35453 feet to the POINT O . Southeast,having central angle of 01.52'23'and a radius of 2225.00 feet for an arc distance of 72.73 feet to point,said point II being the Southwest comer of a tractof land as Parcel 1,thence run north 85 12'37'Eau for a distance of LS2.11 feet to a point,said point being the Southeast corner of said Parcel 1;thence run along a compound curve,coonK to the Southeast r having a central angle of O2'12'32'and a radius of 544.71 feet for an arc distance of 21.00 f run aloe*said compound ; curve having a central ati�e of 15'1T24 and a radius 0(288.11 feet for an arc distance of 76.46 feet to a point;thence run North :•q 85.44'37 West for a distance of 145.73 feet to the POINT OF BEGINNING,said lands located.lying and being in the City of ,CITY OF MIAMI BEACH-1 :1- . o Miami Beach,Florida and coattails 12008 square feet more or less. . I HEREBY CERTIFY:that the attached SKETCH OF SURVEY of the above desc:z�bed property is tine and correct to the best FLORIDA 11 ,,..„ of my knowledge and belief as recently surnyed and platted under my direection,also that there are no vwible encroachments ��K N Mit� 'N M�•�I�1 �� •�r�1 1�•�i 11wMM .� unless shown.This survey meets the Minimum Technical Standards set by the FLORIDA BOARD OF LAND SURVEYORS �,�,�.,,. L „s. .�.. •p<; 472027(F,S.)and Chapter 21 HH 6 of the Florida Adm° Code. JJ v�so.►rs p.Qtt1�1�• p.... �s,�ow..ae.a.�® 1411104 as act funb m Chapin 1,.. c s,w� wasac•�►'t- °� �t eta a.�wr� ��4 s� >, �QOt4Clf rrarri � a��saao+>rva si.aic M�s�� ' r /+1 k Vil M '.�•i•.•.r�• 0.61 OalerttS call' $OL%. ....°...u..i J.A. J LP.otuortes tato%Ptoa� " gZ2916 vitt ^ ctaLa were%Dart 2 PC I e7 State of Florida A s*moww 1 S 300 ••••• •• • PP OP' ----- N--� S 155 s �. f a / / , s o 1'45% 31 'Iwq. C4 aii. • ,+� 1 was, 1p4010a fA. ii . 1• 2 ......,,, ;..,,,, ,..I AI 9 . r Q •N 4 o v.. gal . V ik 12052 4t• ft- � , a tii 0140 T4 ;1 "� • 17., il O -1441.:°:777.7":".1.4:',* �IDRF�1� ►t�277 S�R�ae iv c4 7 1. ef.2_ a 4 ,,,,, l!'tET gt.4.' I 7tt q' •.s •4 0 Ow' il ei. At '.3:;' tAelFrt Atlin 50orsq:ItIR ;, f t„,..„ NsR 05 �•oVi .4 ,i, 1. k . M hi y i L.I. 3 2 1 . V ry ti'i �1,” st( iG14 OF SurvEY 't° g some- r : J yV�• , ,,,,,, Q^. ,�, 54./14.g• 1'"5v1 ..,1. f: a ��1 ...• � M !P lP. % 1 �O�e• -�� of �o .. LOCATIO PI S ica-140 . 44' '" 4x � � / o 1ma zeal i : '...,v Comte at the Northwest corner of Tract 46A,NORMANDY GOLF COURSE SUBDIVISION.according to the plat thereof nxorded in Plat Book 44,at Page 62,Public Records of Dade County,Florida,said point also known as the Northwest carter ;,0 of Lot 111.subdi 'vision of Tract 46A,of the NORMANDY GOLF COURSE SUBDIVISION,Plat Book Wage 95.Public Records ''' of Dade Caanty,Florida:thence from the northerly fine of said tract 46AA,deflecting 79.36'34 to the kft to tangent of a circular „':i.: curve concave to the southeast,having a central angle of 7'3'24`and a radius of 2225.00 feet and runs along the arc of said corn for a.as tante 01 281.80 foot to the POINT OF BEGINNING.thence continue along said circular carve concave to the southeast .r:171 having a central task of 1.522.3'and a radius of 2225.00 feet for an arc distance of 72.73 feet to a point said point being the A southwest corner of a tract of land described as Parcel 2:thence run South 85•44771 East for a distance of 143.73 feet to a point, r said point being the ng corner of said Parcel 2:thence run aloft the arc of a curve concave to the ant,having a central e "� .as,*of 36.57'56'and a radius of 288.11 feet fora of 85.31 feet to a point:thence run North 81.42'15'West for a 41distance of 167.79 feet to the POINT OF BEGINNING. Said lands located,lying and bang in the city of Miami Bch,FIoci and 1202 square feet more or less:-'•,j t.•- Ir/ I HEREBY CERTIFY:that the attached SKETCH OF SURVEY of the ab ve described property is true and corral to the best ; FLORIDAµ .of my and belief as recently surveyed and platted under my also that there are no visible encroachments ,4 unless diem This sem meets the Minimum Technical Standards set by the FLORIDA BOARD OF LAND SURVEYORS _. .. .8 1~elle .....w�.. 111/111M11 OWNS .w�.. 'y as set forth sn Chapter 472.027(FS.)and Chapter 21 HH 6 of the Florida Administrative Code. la.m p"......F imam """• 11a R' 1tatotis SIVI'MIIa n to that u / �s� wax. ,LoW wires••aft• .1 r 3 ...ne/./ '...a/ 1.. R•earl; mansusallit.U&SIN6 o+r ili Aw�•.rls .P O.'� 1 len evniS liVitT m .■..._._is • .yy� - , , • No.2916 gym• his nano. tams. ,, Oita. cwt W. P MIN PML 5 _ �e Ronda *i 5/31/90 pimp wwast 00611 2110/87 ...• w l k U, LJ(.,j 1 s.a , - i;:") JOSE CASTRO, ESQJIE - SAWYER, JOHNSTON, DlI•''Y:,J'r Mershon, Sawyer, Johnston, Dunwody & Cole if:4; SOU1E,S—(. FlNA~ItlACEtiJFR �f,, Southeast Financial Center r� `00 SOUTH B I SC YN E t30!_)L F` JJ,N D 200 South Biscayne Boulevard �' MIAMI, FLORIDA 33131 OF. 152161)C1209 Florida 33131FNNE, 353-51C0 REC. Phone: 353-5100 ,., SPECIAL WARRANTY DEED re) THIS INDENTURE, made this �rd dayof 0c4a6� 1 1 r , 99 from CITY OF MIAMI BEACH (the "Grantor" ) , whose address is 1700 Convention Center Drive, Miami Beach, Florida 33139 , to MILTON LAVERNIA ( the "Grantee" ) , whose mailing address is 1401 S .W. 8th Street, Boca Raton, Florida 33486 . ce rrni WITNESSETH THAT: Grantor, for and in consideration of the sum of Ten and No/100 Dollars ( $10 . 00 ) and other good and valuable considerations to it in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to Grantee, and Grantee ' s heirs and assigns , forever, the real property in the County of Dade, State of Florida, described as follows ( the "Land" ) : SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF DOCSTPNDEE 1,572.00 SURTAX 1,179.01 SUBJECT TO: MARSHALL ADER, CLERK DADE' COUNTY, FI Taxes for the year 1991 and thereafter, zoning and other regulatory laws and ordinances affecting the Property, restrictions, dedications, covenants , and easements of record, if any. Together with all tenements , hereditaments and appurtenances thereto belonging or in anywise appertaining. To have and to hold the same in fee simple forever. And the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of the Land in fee simple; that the Grantor has good right and lawful authority to sell and convey the Land, and hereby warrants the title to the Land and will defend the same against the lawful claims of all persons claiming by, through or under the said Grantor. IN WITNESS WHEREOF the Grantor has caused these presents to be executed in its name, and its corporate seal to be hereunto affixed, by its proper officers thereunto duly authorized, the day and year first above written. SIGNED, SEALED and DELIVERED CITY OF MIAMI BEACH in the presence of : (1.40-4-46L--> By: _ . Print Name: JoCprra fCe Y O R . ----- • � • --- ' r� • 1 • . ; _ , • • ., int Na Gc. h I " f c ey?jetf .: . *t''',ir . .` f� a41) e.lB j�j is Print Name: Prk1it 1. {�• • Y CITY CLERK {` /--V014)C &( ~)/_,t1 Print Nar: Ockc C tki FORM APPROVED LEGAL DEPT. Date /6//9/ GFF. l52t6rcJJO I 2 1 0 STATE OF FLORIDA Ric' SS: COUNTY OF DADE ) The foregoing instrument wa- acknow ed before me this \3 day of October, 1991 by 574-'( 4 ' ,,;,m6 as'Mayor .f e City Qf Miami Beach, on behalf of the City o' ' and Beach 41" i . „Imagist, '. ,A4.--4--#' t. . ..:' NOTARY UBL I C ■fir.�r 0 '• �, � '• Print =me: • . �.. My •mmission Expires : • ; H ,r eco . i c; •. —• •e STATE OF FLORIDA f`' ) SS: ''''"f"' I a—.j .. ' 1 Al ""f•ift e,.• •-•::1,l''• COUNTY OF DADE ) The foregoing instru ent was acknowledged before me this --3 (/* / dayof October, 1991 byf:/citAyc,f F v ..it as City Clerk fox the City of Miami Beach, on behalf o he . . A :,..,,,.,......City f rami Beach. f .0.,,,„,o.i.,„„e:i.,, ...6„....,,,,,,,......-s.e,/ NOTARY PUBLIC .' Print Name: r),. .c) ,1_ Li .� e E-o I? •''.►. 0 '•;,V. MyCommission Expires : . -" '"� JEC3384s i • ..c1•�.f�-; it j r • i c,s•1 ,_ c1!' r IA,r.p / • I ,• t;; :� :: • :r: 14,\YZcid�y,3 r� { EXHIBIT "A" [FC: .1521 6PCI21 I Commence at the Northwest corner of Tract 46A,NORMANDY GOLF COURSE SUBDIVISION,according to the plat there recorded in Plat Book 44, at Page 62, Public Records of Dade County, Florida, said point also known as the Northwest con of Lot 18, subdivision of Tract 46A, of the NORMANDY GOLF COURSE SUBDIVISION, Plat Book 55, Page 95, Put Records of Dade County, Florida; thence from the Northerly line of Tract 46A deflecting 7996'34' to the left to the tangent a circular curve, concave to the Southeast, having a central angle 9.0746'and a radius of 2225.04 feet and runs along the arc said curve for a distance of 35433 feet to the POINT OF BEGINNING,thence continue along said circular curve concave to t Southeast, having a central angle of 01.52'23' and a radius of 2225.00 feet for an arc distance of 72.73 feet to point, said po being the Southwest corner of a tract of land described as Parcel 1;tbe,nce run north 85.12'32" F.asi for a distance o!152.11 fr to a point, said point being the Southeast corner of said Parcel 1; thence run along a compound curve,concave to the Southe having a central angle of 02.12'32' and a radius of 544.71 feet for an arc distance of 21.00 fect;tbence run along said compoti curve having a central angle of 15.12'24' and a radius of 288.11 feet for an are distance of 76.46 feet to a point;thence run No 85'44'37 West for a distance of 145.73 feet to the POINT OF BEGINNING, said lands located, lying and being in the City Miami Beach, Florida and containing 12008 square feet more or less. carLEGArrentirnott Commence at the Northwest corner of Tract 46A,NORMANDY GOLF COURSE SUBDIVISION,according to the plat tbc:rcc recorded in Plat Book 44, at Page 62, Public Records of Dade Count Florida, of Lot 18,subdivision of Tract 4fiA of y', said,point also known as the Northwest corns he NORMANDY Y GOLF COURSE SUBDIVISION,Plat Book 55,P• a 95,Public of Dade Count Florida; Record County, ida,thence from the northerly line of said tract 46A,deflecting79•36'3q" to the left toto curve concave to the southeast,having tangent of a cercaria vu� a central angle of 7'15'24'and a radius of 2225.00 feet and runs alon the arc of said cury for a distance of 281.8()feet to the POINT OF BEGINNING, tbcnccalcong said cucular curve continue8 concave to the wuthc a: having a central angle of 1'52'23" and a radius of 2225.00 feet for an arc distance • of 72.73 feet t t A a point , said point being th southwest corner of a tract of land described as Parcel 2; thence run South 85.44'37 • said point beingthe southeast'corner ofEast for a distanrx of 145.73 feet to a pact • said Parcel 2; thence run along the arc of a curve concave to the cast, having angle of 16 5756 and a radius of 288.11 feet for a distance of 8531 feet to a point; thence ' , ' a centra . c ce run North 81 42 15 West for distance of 167.79 feet to the POINT OF BEGINNING. c Said lands located, tying and being in the city of Miami Beach, Florida and containing 12052 square feet more or jets. RECORDED IN OFF ICIAL RECORDS/00' OF DADE COUNTY,FLORIDA. RECORD VERIFIED C4erk of Circuit & County Courts • I OWNER'S AFFIDAVIT STATE OF FLORIDA SS : COUNTY OF DADE BEFORE ME, the undersigned authority, personally appeared 7 71/L�- / 4/2euv PP as Mayor of the City of Miami Beach, who, upon being by me first duly sworn, deposes and says : That the City of Miami Beach is the owner of the premises s i Lin ted in Lhe CuunLy o1. Dade and SLaLe ut Florida, described as follows : See Exhibit "A" attached hereto and made a part hereof . Affiant further says that the City of Miami Beach is in undisputed possession of the above described premises and that there are no mechanics ' liens against said premises and no claims for labor or material furnished for repairing or improving the same which remain unpaid prior to the date of this affidavit . Affiant further states that any building located on said property was fully completed and last work done more than three months prior to the date of this affidavit . FORM APPROVED CITY OF MIAMI BEACH LEGAL DEPT. By: BY C --)"/ Mayor U Date c/1/2/ City Clerk SWORN TO and SUBSCRIBED Before me, this 1/43 dayof October, 1991 , by / i►/z 4,. Nota y Public Mhz--email i s iO rr__ F I xp i r F e s : SWORN TO an SUBSCRIBEDBefore me this re day_ _ of October, 1991 by , : ;, . ' 1 /t ,,„ , . . Notary Public My Commission Expires : JEC3380s • CLOSING STATEMENT BUYER: MILTON LAVERNIA SELLER: CITY OF MIAMI BEACH DATE: OCTOBER 3, 1991 PROPERTY: REAL PROPERTY LOCATED IN MIAMI BEACH, FLORIDA AS MORE PARTICULARLY DESCRIBED ON EXHIBIT "A" ATTACHED HERETO. Buyers ' Seller ' s Credits Credits Purchase Price $262 , 000 . 00 Deposit $ 26 , 200 . 00 Recording Fee, Documentary Stamp Tax and Surtax 2 , 766 . 00 Sub-Total $ 28, 966 . 00 $262 , 000 . 00 Cash to Close 233, 034 . 00 Total 11§11,190 . 00 26 000 . 00 3 Property is tax exempt as of date of closing due to the Seller ' s status as municipal corporation. Accordingly, no proration of real property taxes is necessary. Seller ' s Expenses : Record Deed ( $262 , 000 . 00) 15 . 00 Documentary Stamp Tax on Deed 1 , 572 . 00 Surtax on Deed 1 , 179 . 00 Total X52, 766 . 00 Buyer ' s Expenses : Title Insurance Premium = 1J385200 SELLER BUYER CITY OF MIAMI BEACH By: , h ,i 4 -'2 ✓-�/ a' M i l on Laver i s‘7;e' ?m"-- e.77' / jec3393s ORIGINAL RESOLUTION NO. 91-20284 Authorizing execution of a first amend- ment to the sales agreement with Milton Lavernia for sale of parcels 2 and 3 in. Normandy Isle, to extend the time to cuie the defects in title and the time to close.