Proration Agreement with MBCDC: Madeleine Village, LLC • , 0Q0/Y- gr7.
t
Proration Agreement
January ,2015
The undersigned, MBCDC MADELEINE VILLAGE, LLC, a Florida limited liability company
("Seller"),MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION, a Florida not-for-profit
corporation("MBCDC"), as Seller's manager and sole member, and CITY OF MIAMI BEACH,Florida,
a municipal corporation organized and existing under the laws of the State of Florida("City")enter into
this Proration Agreement as of January 9, 2015 ("Closing Date")with respect to the sale/purchase of the
property located at 7871 Crespi Boulevard, Miami Beach,Miami-Dade County,Florida 33141, known as
the Madeleine Village Apartments("Property")and more particularly described as follows:
Lots 26 and 27, Block 10, of BISCAYNE BEACH SUBDIVISION, according to the map or plat thereof,
as recorded in Plat Book 44, Page 67, of the Public Records of Miami-Dade County,Florida.
1. The undersigned parties agree that the City shall receive a credit,as of the closing date of
January 8, 2015, in the amount of$8,501.00, based upon the following credits and debits
existing as of the Closing Date:
Madeleine
Credits:
Rent $2,813.00
Expenses:
Management $641.32
Phone (Jan) $34.32
Total Exp. $675.64
Net Credit $2,137.36
Deposits $6,364.00
Total Due $8,501.36
2. The City shall pay the Architectural Bill to Klein Design Group, in the amount of$1,500.00
at closing, and the Waste bill for January, in the amount of$421.89.
3. As of this date, Seller has received the rents disclosed in the spread sheet attached hereto and
incorporated herein as Exhibit"A". Seller shall forward to the City any subsequent rent
checks which are delivered to Seller.
4. Seller further warrants and represents that there are no pending, executory service contracts
with respect to the Property and there are no outstanding balances which are due and owing
to any vendors, contractors, suppliers or any other lienholders for the Property.
5. Additionally, Seller warrants that no Tenant has paid rent in advanced.
6. Seller will coordinate the cancellation of the water and FPL account,excluding phone or
other utility bills("Utility Bills")with the City. Seller shall pay for any Utility Bills incurred
through the date prior to the Closing Date and the City shall be responsible for the Utility
Bills incurred from the Closing Date forward.
7. Seller shall assume any master agreements for services, such as phone, etc.,and will take the
necessary steps to cancel the said services with respect to this particular Property.
8. Seller shall hold the City of Miami Beach harmless and fully indemnify it (including but not
limited to attorneys' fees, whether suit be brought or not, and at trial and all appellate levels,
and court costs and other litigation expenses)with respect to the matters set forth herein.
9. Any suit, action or proceeding seeking to enforce any provision of or based on any matter
arising out of or in connection with this Termination Agreement shall be settled according to
Florida law and venue for any action in connection with this Release Agreement shall be in
Miami-Dade County, Florida. This Termination Agreement shall be governed by, and
construed in accordance with, the laws of the State of Florida, without regard to principles of
conflict of laws. The exclusive venue for any litigation arising out of this Termination
Agreement shall be Miami Dade County, Florida, if in state court, and the U.S. District
Court, Southern District of Florida, if in federal court. BY ENTERING INTO THIS
TERMINATION AGREEMENT, SELLER AND MBCDC EXPRESSLY WAIVE ANY
RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CIVIL
LITIGATION RELATED TO, OR ARISING OUT OF, THIS RELEASE AGREEMENT.
10. In the event of any litigation arising from this Proration Agreement, the prevailing party shall
be entitled to recover attorney's fees and costs incurred therewith.
MBCDC MADELEINE VILLAGE,LLC, a Florida
limited liability company
By:Miami Beach Community Development
Corporation, Inc., a Florida not-for-profit
Corporation, its manager and sole member Attest:
By: AL!/ [0 elki 43
Co u.-11 - . . s Beatriz Cuenca-Barberio
Chairman of the Board Executive Director
STATE OF FLORIDA )
COUNTY OF MIAMI-DADE )
On January l", 2015 before me,the undersigned Notary Public, in and for the State aforesaid, personally
g ry P Y
appeared Cornell Crews, as Chairman of Miami Beach Community Development Corporation, Inc., and
Belkis Beatriz Cuenca-Barberio, as Executive Director of Miami Beach Community Development
Corporation, Inc., as the manager and sole member of MBCDC MADEJ,,EINE VILLAGE, LLC, in the
capacity aforestated. They are personally known to me or 17 have produced a valid Florida
driver's license as identification. 4
VM/iet ( 494
Notary Public
.P f.,e,, GISELA NANSON TORRES My Commission Expires
.* MY COMMISSION#EE 150933 [Notary Public Seal]
EXPIRES:April 6,2016
Boom Thru Budget May Woes
1
THE CITY OF MIAMI BEACH
Attest:
By: ■� ��' &OK
l }
Ji my L Morales Ra :el E.S xa.do 0/ . .x'40
Ci , Manager o
g City Cle.:� --�
G
4* =.INCORPORATED. j
STATE OF FLORIDA �, f� 5 -ON
COUNTY OF MIAMI-DADE ) hI?p H 2b
On January 0-, 2015 before me, the undersigned Notary Public, in and for the State aforesaid,
personally appeared Jimmy L. Morales, as the City Manager of the City of Miami Beach, Florida, and
I Rafael E. Granado the City Clerk of the City of Miami Beach, Florida, in the capacity aforestated.
They are personally known to me or have produced a valid Florida driver's license as
I
identification.
Notary Public
My Commission Expires
[Notary Public Seal] :o`'��:" ;, UUACARDILlO
*' /! ..t= MY COMMISSION#FF 155322
: ,7`.a= EXPIRES:August 27,2018
4,...„°?P` Bonded Thru Notary Public Underwriters
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
1 '-(0 ,k (-9 -(5 .
City Attorney It/
It D®
1
N
Z M cn co C) C) Z M N V C7 CO.(' t")'N
LL! O O O O ;=-3
O p LLl m O N r
o 0 0 o O
N
• c. = = = N = O ° c..,_ N N N `-N "•l z a M r N r-c
- n c� r co en v c7 N r
a }• Z Z Z >- Z a Y >- } >- } Z Z Z
W W
O O
m L m '`
N m r r r r- i m
tp � N j
o O
S S
T .^
TS = _ = 3 t - . 3
W W
▪ 0 C
N V) N V)
o a o a
a 0.
co m
o
•
0
« O O O 0 O 0.O O O.0 0 0 o p
C O co O O O '� C co co 0 O-co co O.co
V 7 O O O O Q) - V o Di O O Q) O O O) O N
cn E co CCDD co c ZS co' E i
,.
cv
co
j is N N r cs, N N
O N O O O O O O O
> m =
N = = CV.N
O G .- O G
2 N (1 (+) N c1 - 2 M c0 M V co N
•
v } Z Z Z > Z s N > > > > Z Z.Z >
W W
p O
CD L m L
N m .- ,_ ,- .- !r H
N H s.
2 2
T _T
., =_> I I L => U _ = L
Cr, W
O C
o
co O "a
a
0 o
0 0 0 0 0 0-o o•0 0 0 0 o 00
c' 0 0 0 0 0 - 0 0 0 0 0 0.0.0 •
0 o O a) a) o o) C=7 0 0).O:C7 of O O ai O
U N
U E v co co v co cn E c0 v CO (0 v co ' 25
c% Q 64 -ea EA 69 e3 Q (,q 69 e9 e) 69 (A.69 69-
U 2 0 0 0 0
o 0 A 0 0 o O
CI. o o a. .co -ai o n
o v c0 .- a Ct) .co.4 (0
E 64 ea E
. a d E» e> 69 EA
•
T T 9
U) U) kp-a U) U)
N-. Cy 0 0 .• ca "O N 0
N ' N
r' m y N r.. m y M M`
M 7:1 CG M m� NW T
M 0 M 0
o "0 0 0'o J 0 0 0 0 0 0 O•o
LL . O o 0 0 0 LL Z ,o 0 0 0.0 0.0 0 -
Z d'.O •co O ao cD Z it ao t` ri oi•O-Ui of '
¢ 0_ 0 .a) c0 M 0, a•M-v CO r- c0 c7
Z H v CO v U) CO S W f.. III U) CO CO v' CO (t)
o .W- C) I-
03 .£ 69 ea 69 e) EA M 69 e) 69 69 69 .A. EA 69 69
W m o - W m
Z `0 Z A -
CV a a
W 2 L U _ W —
0
co
Q w = U U < m t"' U (tj
CO a CO a m
. .Q m
0
to a Q
z
ci
d z
z z o U U
ca
CD o 0 0 0 0 N. 0 0 0 0,0 0 0 0
0 o 0 0 0 pp 0 0 0 0 0 0 0 0
ti m o co o ao c0 ti c ao M rn o Ui rn
Z , v (p v co M CO Z c co co O CO v co O O U
69 69 69 69 69 69 69 69 69 69 69 ea 69 69 EA
0 0 0 0 0 0 0 0 0 0 0 0 0
F0
0 0 0 0 0 0'0 0 0 0 0 0
J V V V V V - J C 4 V V V C 7 V
F-- c0 c0 CO CO CO H CO CO CO CO CO CO 00 CO
0 EA e4 64 E9 64 0 69 69 69 64 69 69.69 69
O O 0 O 0 0 0 0 0 0 0 0 0
Cn 0 O O O 0 y 0 0 0 0 0 0 0 0
Ct) 4 O V N O co N N•n V O M U)
0 C' CO V O CO 0 0 0) •V 9- v a0 0)
re Co n to co n - Q' co co n-(0 co r- CO U)
0 0
EA 69 69 69 69 69 69 69 69 e9 69 69 69
CD m
A c9 N N c0
Z L L Z D 3 � O
a 0 O L QN co N C U 6 0 L O'5 C m
y
d m LL O) O 2 2 2 a m ii N W O _ O 0 rn-N
a c• -
7 m m m m
F" E m m g ~ E y o 0 9
o z m c`, co • o Z N E g y co E _
O O N CV co
Ca 16 N O O N C6 U (0 as co 2 ca = 0 N
O > Z 0_ 0 0 J > = cn Y > N H
C. E.
. ' X C 3 . .
> >
U
0 0 0 0 0 0 0 0 m 0 0 0 0 0 0 0 0 �
ca m r,
v
EXHIBIT
N co V U) CO n CO - .-•• N M V Lt) CO n O ti b ..
0 c a
r
r