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13755 . .. . RESOLUTION NO. 13755 WHEREAS, City of Miami Beach, Florida, and the School Board of Dade County, Florida, heretofore entered into an agree- ment whereby the City and the School Board would jointly acquire those certain parcels of land situate in the City of Miami Beach, Florida, to wit: Lots 1 through 7, inclusive, less the Easterly 50 ' of Lot 7, Block 2, TATUM WATERWAY SUBDIVISION, according to the Plat thereof recorded in Plat Book 46 at Page 2 of the Public Records of Dade County, Florida, and WHEREAS, pursuant to said agreement City of Miami Beach duly instituted eminent domain proceedings in the Circuit Court of Dade County, Florida, for the acquisition of said parcels of land; and WHEREAS, said eminent domain proceeding was settled and compromised on the basis of the payment of a total considera- tion of $675, 000 to the owner of said real estate; namely, Arizona Leasing Corporation, a New York corporation, of which the Dade County School Board is to pay one-half of the said agreed compensation to be paid to the said owner ; and WHEREAS , it was further agreed by the City and the Dade County School Board that the City would convey by warranty deed an undivided one-half interest in and to the said property to the Dade County School Board with the covenant expressed therein as follows : The parties hereby agree and covenant with each other, for themselves, their successors and assigns, that the above-described lands shall hereafter be used jointly for park and playground recreational purposes only, provided that the party of the second part, the School Board of Dade County, Florida, shall have prior and paramount right to the use of the lands for playground purposes during regular school hours . The parties further agree jointly to use their best efforts to close and vacate that portion of the dedicated street known as Tatum Waterway Drive which adjoins and lies between the above-described lands and the adjacent school site owned by the party of the second part, to the end that the fee simple title to the land now lying within the boundaries of said dedicated street will revert to the parties hereto in accordance with law. The parties hereto jointly agree to locate a suitable and appropriate pedestrian right-of-way providing access from the footbridge located at the southern extremity of said property and extending over a suitable portion of the said parcels of land hereby conveyed up to 77th Street; the location, type, and mode of construction to be mutually agreed upon betweenthe parties ; and WHEREAS, an appropriate form of Warranty Deed conveying an undivided one-half interest in and to the said lands to the Dade County School Board has been prepared embodying and setting forth therein the covenants hereinbefore expressed, the City Council being familiar with the terms and provisions of said -1- OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 Warranty Deed and the terms and provisions thereof having been approved by the City Attorney; NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and the City Clerk be and the same are hereby authorized, directed, and empowered to execute and deliver said Warranty Deed to the Dade County Board of Public Instruction upon the payment to the City of one-half of the purchase price and agreed upon consideration for the said land. PASSED and ADOPTED this 25th day of September , 1972 . CUL L)f 1111 0 Mayor Attest: Zdj- - City Clerk - Finance Director -2- OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139