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Bill of sale #13 DOB:I0M4.JJOO.MlAMIlBlU._OP )JAUtS BILL OF SALE FROM MIAMI BEACH REDEVELOPMENT AGENCY TO MB REDEVELOPMENT, INC. PREPARED BY: Andrew L. Jagoda, Esq. Squire, Sanders & Dempsey 350 Park A venue 15th Floor New York, New York 10022 RECORD AND RETURN TO: Kolleen a.p. Cobb, Esq. Hughes Hubbard & Reed LLP 201 S. Biscayne Boulevard Suite 2500 Miami, Florida 33131 BILL OF SALE KNOW ALL MEN BY THESE PRESENTS, that the undersigned, Miami Beach Redevelopment Agency, a Florida public body corporate and politic ("Seller"), for and in consideration of the sum of Ten and No/100 Dollars ($10.00) in hand paid by MB Redevelopment, Inc., a Florida corporation ("Buyer"), the receipt of which is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer and deliver to Buyer, its successors, administrators and assigns, all of Seller's right title and interest in and to all of the Improvements (as that term is defmed in that certain Agreement of Lease between Buyer and Seller dated as of the date hereof (the "Ground Lease")) existing as of the date hereof (except for any parking meters (including, without limitation, the meters and poles comprising the parking meters and the money contained therein), which parking meters shall be removed at Seller's expense) that are located on the Land described in Exhibit A attached hereto and made a part hereof. TO HAVE AND TO HOLD the same unto Buyer, its successors, administrators and assigns forever. Seller, for itself, its successors, administrators and assigns, covenants with Buyer, its successors, administrators and assigns, that Seller is the lawful owner of the Improvements, subject to the Title Matters (as defined in the Ground Lease), that Seller has good right to sell the same as aforesaid, has not previously conveyed or encumbered its interest in the Improvements (except as may be set forth in Exhibit 2.1 to the Ground Lease) and specifically warrants title against all parties claiming by, through or under Seller. IN WITNESS WHEREOF, Seller has hereunto set its hand and seal as of the 20th day of September, 1996. ATTEST: MIAMI BEACH REDEVELOPMENT AGENCY, a Florida p ic body corporate a politic By: Ro~t fcu~ Robert Parcher, Secretary By: OOB:IOit9I4.DOa.NlAMl181lJ._ Of _SAl..E_' FORM APPROVED REDEVELOPMENT AGENCY GENERAlCO~El By 4/1 /t4 ~ Date j/'HJ/96 STATE OF FLORIDA ) ) SS: COUNTY OF DADE ) BEFORE ME, the undersigned authority, personally appeared Seymour Gelber, Chairman, and Robert Parcher, Secretary, of the MIAMI BEACH REDEVELOPMENT AGENCY, to me known to be the persons who signed the foregoing instrument and acknowledged the execution thereof to be the act and deed of said Agency for the uses and purposes therein mentioned, and that they affixed thereto the official seal of said Agency. Each such individual is personally known to me or produced a valid driver's license as identification. WITNESS my hand and official seal in the County and State lasts aforesaid this Qo- day of September, 1996. &(. &ordM'J Notary Public, State of Florida a rge My Commission Expires: - 2 - OOB:(ot9I4.DOCS,MIAMIJ8IU_Of _SAUt' [)(II:I04.UXlCS.MIAMII_U._Of _SALE_' EXHmIT A Land - 3 - HOTEL LEGAL DESCRIPTION PARCEL I: LOTS 1, 2. 17 AND 18. BLOCK 55, FISHER'S FIRST SUBDIVISION OF At. TON BEACH, ACCORDING TO PLAT THEREOF. RECORDED IN PLAT BOOK 2, AT PAGE 77, OF THE PUBLIC RECORDS or D.4DE COUNTY. FLORIDA, LESS THAT PART or LOTS 2 AND 17 LYING NORTH OF A LINE. WHICH SAID LINE IS LOCATED AND DESCRIBED AS FOLLOWS: BEGIN AT THE NORTHWEST CORNER OF LOT 16, BLOCK 55, FISHER'S FIRST SUBDIVISION OF AI. TON BEACH, THENCE RUN SOUTHWESTERLY AlONG THE WESTERL Y LINE OF SAID LOTS 16 AND 17 FOR A DISTANCE OF" 72 FEET TO A POINT. SAID POINT BEING THE POINT OF BEGINNING OF THE LINE BEING DESCRIBED: THENCE EASTERLY PARAlLEL TO THE NORTHERLY LINE OF' LOT 16 AND LOT 3, BLOCK 55 OF FISHER'S FIRST SUBDIVISION OF" ALTON BEACH FOR A DIST ANCE or 400 rEET TO A POINT IN THE EASTERLY LINE OF LOT 2. OF SAID BLOCK 55, F'ISHER'S FIRST SUBDIVISION OF AI.. TON BEACH. AS TO LOTS 2 AND 17, SAID PROPERTY MAY AlSO BE DESCRIBED AS lOTS 2 AND 17, LESS THE NORTH 21..3 FEET THEREOF, IN BLOCK 55, AL. TON BEACH FISHER'S FIRST SUBDIVISION. ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 2. AT PAGE 77. OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA. PARCEL II: P AACEL OF LAND l VING BETWEEN BLOCK 55, OF' F'ISHER'S FIRST SUBDIVISION OF A.L TON BEACH, ACCORDING TO PLAT THEREOF, RECORDED IN PLAT BOOK 2, AT PAGE Ti, OF THE PUBLIC RECORDS OF DADE COUNTy, F'LOR/DA, AND THE HIGH WATER MARK OF THE ATLANTIC OCEAN, WHICH SAID PARCEL OF LAND IS P~TICUlARl Y DESCRIBED AS FOLLOWS: BEGIN AT THE SOUTHEAST CORNER OF SAID LOT 1, BLOCK 55, FISHER'S FIRST SUBDIVISION OF AL.. TON BEACH. THENCE RUN NORTHERLY ALONG THE EASTERL Y LINE OF LOT 1 AND LOT 2 OF SAID BLOCK 55, FISHER'S FIRST SUBDIVISION OF AL.. TON BEACH A DISTANCE OF 102.2 FEET MORE OR LESS TO A POINT IN THE EASTERLY LINE OF SAID LOT 2, WHICH SAID POINT IS 72 FEET SOUTH OF THE NORTHEAST CORNER OF LOT 3 OF' SAID BLOCK 55 OF FISHER'S F'lRST SUBDIVISION OF ALTON BEACH: THENCE RUN IN AN EASTERL V DIRfCTlON ALONG A LINE PARALLEL TO THE EASTERL v EXTENSION OF THE NORTH LINE OF SAJD LOT .3. TO THE HIGH WATER MARK OF THE ATLANTIC OCEAN: THENCE RUN IN A SOUTHERL Y DIRECTION AlONG THE HIGH WATER MARK OF THE ATLANTIC OCE AN A DIST ANCE OF 102.2 FEET MORE OR LESS TO A POINT ON SAID HIGH WATER MARK or THE ATLANTIC OCEAN WHICH IS THE INTERSECTION WITH THE E ASTERL Y EXTENSION OF THE SOUTHERLY LINE OF SAID LOT 1: THENCE IN A WESTERL Y DIRECTION AlONG THE EASTERLY EXTENSION OF SAID SOUTH LINE'or LOT , TO THE POINT OF BEGINNING. 1 of 1+ '3 HOTEL LEGAL DESCRIPTION PARCEL III: LOTS 3 AND 16 AND THE NORTH 21.3 FEET (AS MEASURED ALONG LOT LINES) OF LOTS 2 AND 17. BLOCK 55. FISHER'S FIRST SUBDIVISION OF AL TON BEACH. ACCORDING TO THE PLAT THEREOF AS FILED FOR RECORD IN PLAT BOOK 2. PAGE 77. OF THE PUBLIC RECORDS OF DADE COUNTY. FLORIDA; TOGETHER WITH: THAT CERT AlN PARCEL OF LAND LYING EAST OF ~D ADJACENT TO THE LAND DESCRIBED ABOVE;SAlD LAND BOUNDED ON THE SOUTH BY THE SOUTH LINE OF THE ABOVE DESCRIBED PARCEL EXTENDED EASTERL Y BOUNDED ON THE NORTH BY THE NORTH LINE OF THE ABOVE DESCRIBED PARCEL EXTENDED EASTERL Y BOUNDED ON THE EAST BY THE MEAN HIGH WATER LINE OF THE ATLANTIC OCEAN AND BOUNDED ON THE WEST BY THE EAST LINE OF SAID LOTS 2 AND 3 AFOREMENTIONED. PARCEL IV: LOTS 9. 10. 11. 12 AND NORTH 112 OF LOT 8 AND THE NORTH 112 OF LOT 13. BLOCK 56 OF FISHER'S FIRST SUBDIVISION OF ALTON BEACH FLORIDA. A SUBDIVISION IN FRACTIONAL SECTION 34, TOWNSHIP 53 SOUTH, RANGE 42 EAST. ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 2. AT PAGE 77. OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA. PARCEL V: BEGINNING AT THE NORTHEAST CORNER OF LOT 9, IN BLOCK 56 OF FISHER'S FIRST SUBDIVISION OF ALTON BEACH. AS THE S,4ME IS SHOWN MARKED AND DESIGNATED ON A PLAT OF SAID SUBDIVISION, RECORDED IN PLAT BOOK 2. AT PAGE 77, IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN .A.ND FOR DADE COUNTY. FLORIDA; THENCE RUN IN AN EASTERLY DIRECTION ALONG THE NORTH LINE OF' LOT 9 OF BLOCK 56. PRODUCED TO THE HIGH WATER LINE Of THE ATLANTIC OCEAN; THENCE RUN IN A SOUTHERLY DIRECTION MEANDERING SAID HIGH WATER LINE A DISTANCE OF 76.05 FEET PLUS OR MINUS TO A POINT, SAID POINT BEING AT THE INTERSECTION OF THE LAST MENTIONED COURSE WITH THE CENTER LINE OF LOT 8 OF BLOCK 56 PRODUCED TO THE HIGH WATER LINE OF THE ATLANTIC OCEAN; THENCE RUN IN A WESTERLY DIRECTION ALONG SAID CENTER LINE OF LOT 8. BLOCK 56 PRODUCED TO THE HIGH WATER LINE OF THE ATLANTIC OCEANi THENCE RUN IN A WESTERLY DIRECTION ALONG SAID CENTER LINE OF LOT 8, BLOCK 56 PRODUCED TO THE EAST LINE OF BLOCK 56, AT ITS INTERSECTION WITH THE CENTER LINE OF LOT 8, IN BLOCK 56; THENCE RUN IN A NORTHERLY DIRECTION ALONG SAID EAST LINE OF BLOCK 56, A DIST ~CE OF 76.05 FEET PLUS OR MINUS TO A POINT OF BE,GINNING. 2 of Jl '3 HOTEL LEGAL DESCRIPTION PARCEL VI: BEGINNING AT THE SOUTHEAST CORNER OF LOT 10. IN BLOCK 56 AS SHOWN BY THE PLAT ENTITLED "FISHER'S FIRST SUBDIVISION OF ALTON BEACH". S~D PLAT BEING RECORDED IN PLAT BOOK 2, AT PAGE 77, OF THE PUBLIC RECORDS OF DADE COUNTY. FLORIDA; RUN IN A NORTHERL Y DIRECTION ALONG THE EAST LINE OF S~D LOT 10, A DIST ANCE O~ 50.7 FEET TO THE NORTHEAST CORNER or LOT 10; THENCE RUN IN AN EASTERL Y DIRECTION ALONG THE NORTH L1t~E OF SAlD LOT 10. PRODUCED EASTERL Y TO THE HIGH WATER LINE OF THE ATLANil: OCEAN; THENCE RUN IN A SOUTHERLY DIRECTION, MEANDERING SAID HIGH WATER LINE A DISTANCE OF -50.7 FEET, PLUS OR MINUS, TO A POINT; THENCE RUN IN A WESTERLY DIRECTION ALONG THE SOUTH LINE OF LOT '0, IN BLOCK 56. PRODUCED EASTERLY, TO THE POINT OF BEGINNING. PARCEL VII: THE SOUTH 1/2 OF LOTS 8 AND 1.3 AND AlL OF LOTS 7 AND 14, LESS THE SOUTH 12.65 FEET OF S~D LOTS 7 AND 14, TOGETHER WITH THAT PIECE OF PARCEL OF LAND LYING BETWEEN THE NORTH AND SOUTH BOUNDARIES OF SAJD PROPERTY EXTENDING EASTWARD TO THE ATLANTIC OCEAN, AlL L 'fING AND BEING IN BLOCK 56. OF' F'ISHER'S F'IRST SUBDIVISION OF ALTON BEACH. ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 2, AT PAGE 77. OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA. PARCEL VIII: THAT PORTION OF AVENUE C (A/K/A 16TH STREET> AS SHOWN IN FISHER'S FIRST SUBDIVISION OF ALTON BEACH, RECORDED AT PLAT BOOK 2, AT PAGE 77, OF THE PUBLIC RECORDS OF' D,6J)E COUNTY, FLORIDA. AND ITS EASTERLY [)(TENSION BOUNDED ON THE WEST BY THE EASTERLY RIGH;r.OF-WAY LINE OF COLLINS AVENUE AND BOUNDED ON THE EAST BY THE EROSION CONTROL LINE, AlL OF WHICH IS MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE, AT THE NORTHWEST CORNER OF LOT '1, BLOCK 56, FISHER'S FIRST SUBDIVISION OF ALTON BEACH, PLAT BOOK 2, AT PAGE 77, OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA. SAID POINT BEING THE POINT OF BEGINNING; THENCE NORTH 88 DEGREES 00 MINUTES 49 SECONDS EAST ALONG THE NORTH LINE OF SAID BLOCK 56 AND ITS EASTERLY EXTENSION FOR A OIST ANCE OF' 576.20 FEET TO THE POINT OF INTERSECTION WITH THE EROSION CONTROL LINE OF THE ATLANTIC OCEAN; THENCE NORTH 8 DEGREES 54 MINUTES 53 SECONDS EAST, ALONG THE EROSION CONTROL LINE FOR A DIST ANCE OF 71.28 FEET TO THE POINT OF INTERSECTION WITH THE EASTERL Y EXTENSION OF THE SOUTH LINE OF' BLOCK 55 OF THE ABOVE MENTIONED FISHER'S FIRST SUBDIVISION OF AlTON BEACH; THENCE SOUTH 88 DEGREES 00 MINUTES 49 SECONDS WEST, ALONG THE SOUTH LINE OF SAID BLOCK 55 AND ITS EASTERL Y EXTENSION FOR A DIST ANCE or 577.88 FEET TO THE POINT OF INTERSECTION WITH THE EASTERLY RIGHT-OF-WAY OF COLLINS AVENUE; THENCE SOUTH 07 DEGREES 35 MINUTES 04 SECONDS WEST,ALONG THE EASTERL Y RIGHT.OF.WAY LINE OF COLLINS AVENUE FOR A DISTANCE OF 70.98 FEET TO THE POINT OF BEGINNING. 3 of fi3