Memorandum regarding 795 81st street, Units 1-5- Closing Package ii
z 0\s _ 50s5 (
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov
OFFICE OF THE CITY ATTORNEY
Tel:305-673-7000 Ext 6955
MEMORANDUM
Date: October 21, 2019
To: Rafael E Granado, City.Clerk
From: Gisela Nanson Torres, Senior Assistant City Attorney .
Ext. 6955/Fax: 305-673-7002/giselatorres(a�miamibeachfl.gov
Re:, 795 81st Street, Units 1-5–Closing Package
Property Address: 795 81st Street, Units 1-5, Miami Beach, FL 33141
Folio No. 02-3202-149-0010 .
Dear Clerk,
Attached please find the following closing documents in connection with the above
referenced transaction:
1. Cover sheet from closing agent;
2. Copy of Closing Statement;
3. Original title policy;
4. Original Recorded Warranty Deed;
5. Original Bill of Sale,and Assignment of Lease;
6. Copy of Closing Affidavit; and
7. -Copy of Affidavit of Marc Shulman.
Bes, -'gards,
/ cc-4
/04
-Pala•,, .Nanaon.gam"
MIAMIBEACH
Gisela Nanson Torres,
Senior Assistant City Attorney
Tel:305-673-7000 Ext.6955/giselatorres(a miamibeachfl.gov .
ESC; I 130 6,0C'
it
it
Suzanne A. Dockerty, P.A.
ATTORNEY AT LAW
110 Merrick Way
Suite 3-B
Coral Gables, Florida 33134
Suzanne A. Dockerty Telephone (305) 443-9162
Telefax (305) 443-9155
September 12, 2019
Gisela Nanson Torres,
Senior Assistant City Attorney ~� _
Office of the City Attorney r . .
1700 Convention Center Drive, Fourth Floor
Miami Beach, FL 33139 fif, Ca rri
Re: "As Is"Residential Contract for Sale and Purchase f.;.
Buyer: City of Miami Beach
Seller: 81St Street Investment, LLC - ? "`I
Property: 795 81' St., Units 1-5, Miami Beach, FL 33141
• Folio: 02-3202-149-0030
Dear Gisela:
Enclosed for your records are the following documents for the above transaction.
1. Old Republic National Title Insurance Company Owner's Policy.
2. Recorded Warranty Deed.
3. Bill of Sale.
4. Assignment of Leases.
Please contact me if you have any questions or comments of if I may be of further service
to you.
V• truly yours,
d.\ol a Fernandez, Legal Assistant
Su.anne A. Dockerty
Enclosures:
DocuSign Envelope ID 510E4DE1 CB3E-4850.8.102-CC897396E52D oyer/Seder
A. Settlement Statement Settlement Stalamr,rt
(L Type of Loan
t FHA 2 FmHA 3 Caw.Lain. 6 Fll•Number 7.Laan Number I.Mortg,Ins.Case Num.
4.V.A. 5 Caw.Ire 247174-40
ID
C NOTE:This torn Is furnished to give you a statement of actual settlement costs.Amounts paid to and by Me settlement agent ens show,.Items
marked'(p•o.c.r were paid outside the dosing;they are shown here for informational purposes and are mol included in the IMais.
0,NAME OF BUYER: City of 1.6aml Beach,a Florida municipal corporation
Address of Buyer. 1700 Convenlon Cerium'Drive,Fourth Floor Miami Bead,.Florida 33139
E NAME OF SELLER: e1S1 Street Investment.LLC,a Florida limited lab sly company
Address of Sellar. C/O North Beach Property Mtpmt. P 0 Box 414257 IAam'Bead) Florlea 33141 TUT:27.1488502
F.NAME OF LENDER
Address of Lander.
0.PROPERTY LOCATION: 795 91 Street,Miami Beads,Florida 33141
H.SETTLEMENT AGENT' SUZANNE A.DOCKERlY.PA. TIN:55-080E255
Place of Settlement: 110 Merrick Way.Suite 3-9,Coral Gables Florida 33124 Phone:305-4:3-9182
L SET7LEMDIT DATE: 7124/19 DISBURSEMENT DATE:7/24/19
ii:•nrn.r of Su',cr's It.-,11,,,,c;ori _ _ y..V ,V1'0 I'S!ron5 ac!rCn
y.. K.Su^unnr u'x
1:3 Grn:5 n'nouri;[t,,c,corn bestir: 415 Cr ;r ;!;;.,to eol'c• .. ._.
101 Contract sales pries 1.050,000.00 401.Comas sales price 1,050.000.00
102.Personal properly 402.Personal property
103.Settlement themes lo buyer fUne 1400) 0.189.30 403, -...1
104. "404.
105. 405.
Acle..'-c^!s Ice re:n:•[:ami L.,Sc:Ic• r.:CvAn:n. ,'ltllustmcalc'cr nems pa.d bysaller 4,a In,-r:a'
•
108.Chyle..lame 408.Olyhown Lases
107 County taxes 407.County tams
108.Aasessmenta 408.Assessments
109. 409. -I
110. 410.
111 411. _„_
112. 412.
129.Gross amount due from buyer, 1.059.189. 420.Gross amount due to seder.
re+rrem�r - 30 1.050,000 00
291.Deposit or cemest Money 1,000.00 501.Excess demoth(sae Instructions)
202.Nod pal amount of new pans) 502 Settlement charges In taller(Ono 1400) 57,993.75
203.P,ab8rg Marls)taken subbed to 503.Existing barns)taken sulded 10
206.Pdktdpal amount of second mangoes, 504.Payoff of Iket modpape loan 405.687.12
205. 505.Payoff of second mortgage pan
20e. 500.Deposita held by seem '
207.Pdneipal amt of modgsgo held by salter 507.Principal mat of mortgage held by seem
208.Last Moth Depend 4,475.00 508.Last Month Depose 4,475.00
209Total Creat for Security 060061? 9,950.00 509.Total Credit for Security Deposit 9.950.00
.Adluti:n:n.^.I5 1nr nems ur:0arr by safer Allu;:rrev5 tor:re ms unca d by abbe,:
210.GtyrlOwn taxes 510.City/ben tares
211.County lees-0010 dant 01/01/1910 07/24/19 991.24 511 County lases-0010 Item 01/01/19 b 0724/10 091.24
212.County tams-0020 Mem 01/01119 to 07/24H0 991.24 512.Canty taxes-0020 from 01/01/t9 to 07/24110 991.24
213.County taaea-0O30 Yom 01/01/1910 07/24119 99124 513.County taxes-0030 from 01/01/19 to 07/24/19 99124
1214.Coady taxes-0048 from 01101/1610 0724/19 901.24 514.County taxes-0040 from 01/01/19 b 07/24/10 091.24
215.County taxes-0050 bum 0161119 le 0724/10 078.21 515.County lanes-0050 from 01/0111910 0724/19 07626
216.Total Rent Proration-Ade from 0724/19 to 07731/19 1,954.84 519.Total Rent Proration-duty Mem 0724/1910 07/31/10 1,954.84
217. 517
218. 518.
219. 510.
220.Total paid byrfor buyer. 22,323.06 529.Tar reductions In amount due peer: 483,003.951
e33C:C3:1,al 5otl.atrent trom:ro buyer, 13p Cu,,,:,I',:rnan cn;1s",ou',C lcr:
301 Gross amount due from buyer 1,059,189.30 001.Gross amount duo In ie8er 1,050,000 00
(Ism 120) (Ilene 420)
302 Less amount paid byMa Bre buyer (22,323.08) e02.Lass total reductions est amount duo seller (485,003 951
(sne 220) Okra 520)
303.Cash( L.I.1 From L j To )Buyer: 1,034.88022 603.Cash( 41 Ta ( ,From )Seise' 564,996.05
Substitute Farm 1099 Seller Statement: The Information contained in blades E.O.H,and I and on the 401 Is empananl lax Information and Is being
furnished to the IRS 11 you are required to fee a n tvm,a negligence penalty or other sanction wig be imposed on you Y this item Is required lo be reported and
bre IRS determines that II has not been reported
Seller Instructions. II this real estate was your principal residence Lie F ern 2119,Salo or Exchange of Principal Residence,for any gain,with you lax
return for other transactions,complete the apprcable parts of Farm 4797,Form 6282 and/or Schedule 0(Form 1040)
LP. a Hsua!Isl: _ ' 4 Seller'sINeal(sk
OoubtellmeJ
I DocuSign Envelope IO 510E40E1 CB3E4850-8402.CC897386E'rD
Page 2
Ur,.'70 5v-4'PCC
700.Trial SaleeJ ul ss Com based on Pea from Pe
pike 51,OSO,OOO.00Q %� 38.75000 &BurroBurroSeBersre
701. 38,750 OD Y to Urban Resource Real Esfele Funds al Fads al
!702 yr la - -- - Settlement Sell/marl
1703.Com mission paid at seldernenl
704_ 1p
38,750.00
801.Loan angina Yon he 11.19
802.Loan discard %le '
803.Appraisal lee to
804.Credit report to
805.Lender's Inspection lee to
800.Marham Insurance wplladlon lee a
807 Assumption Fee_ b
808. le
i 809 to -
810 to
811 to
i...<"r19lcc IN Rner.
tale c.a 1-sewn"-L 9JKr Fir: F.4 r•r•OC'
001.Interest from In a NW
102.MoA�e a!o Ic_._ PR-num for mese to
803.Hazard insurance premium ear _years b
004.Flood Insurance premium far Milli,... ....„,.._
905. b
CCJ 1.i•.,:I.Ls L Cae.r'e I'!Ir.r., , "'I JC
1001.Herat/Insurance .1c c'FJ_
n101190 Q per monk
1002.Manama insurance math')45 per rr onth
1003.CMy Properly tasee - manfci pe _Pet marsh
1004.Ceunly groggy taxes months is Per month
1005.Anal assessments moors a per month
1008.Flood Insurance -- marten e) per month
L 1007' _ mobil*Q per month
1008. manes ft car month
1008 Aggregate aaasu 11ng orfLSlnenl
>1tea.7.Yorho.r. • 0..,e,f•C't'.5e'n.nx
1101 Selremerd or dosing fee i0
1102.Abstract or Me search in SUZANNE A.DOCKERTY,PA. 250.00 200.00
1103.lige oramlta8on _ to
1101 TBIa Insurance bider to
1105 la
1108.Attorneys Fees in Stephan L,Cohan,PA. 5.000.00
1107.Attorneys Fees to SUZANNEA.DOCKERTY.PA. 1,000.00
,, (Indtrlas above Rant numbers 1
1108.11Ue Insurance to Old RIWbc Nat TON/SUZANNE A.DOCKERTY 5.200.00
indicters above Item numbers: }
MU
1109.Lenders coverage(Premium):
1110.Owlets--overage iPrem&anr 51,050.000.00(5.5.200.00)
tilt.Endorse!
1112.Wks Fee to SUZANNE A.DOCKERTY,PA. --- 70.10 105.00
1113.Courier/Fed-Ex Fee to SUZANNE A.00CKERTY,PA. 55.00 5500
1^:.,:; C.p•.e.r.r,,r',rr.a:J.:a;*1t Ird+tertr rr:.rrra: .
1201.Rernrdlglees Decd $78.50 i slis1 Rebases 18.50
1202.Ch be runty aa/stamps Deed_ 54.725.00 M a9e(51 4,725.00
1203.State las/demos Deed 58,300.00 MCMV311,410 8,300.00
1204. la
1205. lc
.1330/de t.a:sal arls'tr'e'c Uureas
1301.Sway to Base Line Surveyors 850.00
1302,Phase I Environmental In5cactlon to LardSdenCe _ 1850 00
1303,Aireotsal to Appraisal Fist 1800"00
1304,Building inspection to BCC Ertpe+eeMg,LLC_ 1,945.80
1305.Lhpeld Violations to CJIy el Miami Beach 1,283.75
1308.Water and Sewer Escrow to Suzanne A.DocieA7,PATrustAc t 2.500.00
1307.Thelon Search _ to Reliable Lien Seardl,Ina 1,075.00
1308.Rad trarectIon _ to ALJ Rooting Carp. ,x.10
1309.
.:DO.Ta'at xa:crmmii.1arpn,
i Enter on lines 103.Section J and 502.Scone K 1 0.189.30 57,993.75
I hate ce.hey,.honed the SMernem Slatemae Md loan bey id my ara.ladpe and bell,his a Ira and anaemia stalaeere of M receipts ant disbursements madam
MY account a Naas x kit. hater candy Mal I two readrad a espy d the Seelrnod Slalareard.
CI MI �.a�� rn�Yon 0oradanra err
BY .......... ( 11r� r 7 -Ouyer By 6151 Street Imasmanl LLC �\�� %\,.
,� to
IY j --- Marc Shulman.Manager a516aemC 5410 •J�el
Buyer
Sada
The Sarer...I Snaanarl ankh I nava pepa»a n a We and atturMU t-....M Cl ver hrwrlbn.I hart caned.or am cam as!mai to ba deatraad to a tardanca ant No
eWemert
SUZANNEA.DOCKER. / APPROVED AS TO
By--- '� t � .�- -- �!�'Y77/ 9 FO" NGUAGE
As 14 Authorized ReyesenutNa Cala
F CLITION
Nei bei :a le a rrlmr b tauairgl i make nos* eleeene to nor levied Malas on mis ce eM ostia*are bon.ParaYu
and Irnplsomtere.For-drain sae We to U.S Coda Swam 1001 and Sekaon 1010
ale a M Double I�,y,
L
Y__ Cly Allcrrne, / D,
,cyr
(American Land Title Association-Owner's Policy Adopted 6/17/2006)(With Florida Modifications)
OWNER'S POLICY OF TITLE INSURANCE
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be
given to the Company at the address shown in Section 18 of the Conditions.
COVERED RISKS
SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B,
AND THE CONDITIONS, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Florida corporation(the "Company")
insures, as of Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by
reason of:
1. Title being vested other than as stated in Schedule A.
2. Any defect in or lien or encumbrance on the Title.This Covered Risk includes but is not limited to insurance against loss from
(a) A defect in the Title caused by
(i) forgery,fraud,undue influence,duress,incompetency,incapacity,or impersonation;
(ii) failure of any person or Entity to have authorized a transfer or conveyance;
(iii) a document affecting Title not properly created,executed,witnessed,sealed,acknowledged,notarized,or delivered;
(iv) failure to perforin those acts necessary to create a document by electronic means authorized by law;
(v) a document executed under a falsified,expired,or otherwise invalid power of attorney;
(vi) document not properly filed,recorded,or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law;or
(vii) a defective judicial or administrative proceeding.
(b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable,but unpaid.
(c) Any encroachment,encumbrance,violation,variation,or adverse circumstance affecting the Title that would be disclosed by
an accurate and complete land survey of the Land.The term"encroachment"includes encroachments of existing
improvements located on the Land onto adjoining land,and encroachments onto the Land'of existing improvements located
on adjoining land.
3. Unmarketable Title.
4. No right of access to and from the Land.
5. The violation or enforcement of any law,ordinance,permit,or governmental regulation(including those relating to building and
zoning)restricting,regulating,prohibiting,or relating to
(a) the occupancy,use,or enjoyment of the Land;
(b) the character,dimensions,or location of any improvement erected on the Land;
(c) the subdivision of land;or
(d) environmental protection
if a notice,describing any part of the Land,is recorded in the Public Records setting forth the violation or intention to enforce,but
only to the extent of the violation or enforcement referred to in that notice.
(Covered Risks continued)
In Witness Whereof OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,has caused this policy to be signed and sealed
as of Date of Policy shown in Schedule A,the policy to become valid when countersigned by an authorized signatory of the Company.
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
* * * A Stock Company
* ck * 400 Second Avenue South,Minneapolis,Minnesota 55401
1 (672)377-1717
)f *
* *
6y d'/ ( v C;"`--6_ President
Attest b L K9 Secretary
SERIAL
OF6-8697553
FORM OF6(rev.12/10)(With Florida Modifications) Page 1 of 5
File Number:247174-40 DoubleTime®8.3
Old Republic National Title Insurance Company
OWNER'S POLICY
Schedule A
Policy No.: Date of Policy: Agent's File Reference:
0F6-8697553 July 25,2019 @ 12:53 PM 247174-40
Amount of Insurance: $1,050,000.00 Premium: $5,200.00
Address Reference: 795 81 Street,Miami Beach,FL 33141
1. Name of Insured: City of Miami Beach,a Florida municipal corporation
2. The estate or interest in the Land that is insured by this policy is: Fee Simple as shown by instrument recorded as
Document No. 2019R0466630 in Official Records Book 31541, Page 3305, of the Public Records of Miami-Dade
County,Florida.
3. Title is vested in: City of Miami Beach,a Florida municipal corporation
4. The Land referred to
in this policy is described as follows:
Units 1, 2, 3, 4 and 5 of The Corals, a Condominium, according to The Declaration of Condominium
recorded in O.R. Book 25120, Page 1921, and all exhibits and amendments thereof, Public Records of
Miami-Dade County,Florida.
Old Republic National Title Insurance Company
400 Second Avenue South,Minneapolis,Minnesota 55401, (612)371-1111
Agent No.: 22264
Issuing Agent:
SUZANNE A.DOCKERTY,P.A.
110 Merrick Way c �
Suite 3-B
Coral Gables,FL 33134 Agent's Signature
Suzanne A.Dockerty
Attorney at Law
B2012011 Page 1 of 2
Form OF6-SCH.-A (rev. 12/10)(Witlt Florida Modifications) DoubleTime®8.3
Old Republic National Title Insurance Company
OWNER'S POLICY
Schedule B
Policy No.: Agent's File Reference:
0F6-8697553 247174-40
This policy does not insure against loss or damage, and the Company will not pay costs,attorneys'fees,or expenses that arise
by reason of:
1. General or special taxes and assessments required to be paid in the year 2019 and subsequent years.
2. Any lien provided by County Ordinance or by Chapter 159,F.S.,in favor of any city,town,village or port authority,
for unpaid service charges for services by any water systems,sewer systems or gas systems serving the land described
herein; and any lien for waste fees in favor of any county or municipality.
3. All matters contained on the Plat of Biscayne Beach Subdivision,as recorded in Plat Book 44,Page 67,Public
Records of Miami-Dade County,Florida.
4. Declaration of Condominium of The Corals Condominium,and all exhibits attached thereto and recorded November
22,2006 in O.R.Book 25120,Page 1921, Public Records of Miami-Dade County,Florida(hereinafter"Declaration").
Such Declaration may establish and provide without limitation for easements,liens,charges,assessments,an option to
purchase,and the prior approval of a future purchaser or occupant.
5. Any loss or damage for unpaid assessments pursuant to Sec. 718.116 (1)(a),F.S.,notwithstanding any assurances to
the contrary in any attached ALTA Endorsement 4.1-06 or 5.1-06 as to the owner's policy.
Page 2 of 2
Form OF6-SCH.-B(rev. 12/10)(With Florida Modifications) DoubleTime®8.3
(Covered Risks continued)
6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action,
describing any part of the Land,is recorded in the Public Records,but only to the extent of the enforcement referred to in that notice.
7. The exercise of the rights of eminent domain if a notice of the exercise,describing any part of the Land,is recorded in the Public Records.
8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge.
9. Title being vested other than as stated in Schedule A or being defective jl
(a) as a result of the avoidance in whole or in part,or from a court order providing an alternative remedy,of a transfer of all or any part of thej title
to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constitutedla
fraudulent or preferential transfer under federal bankruptcy,state insolvency,or similar creditors'rights laws;or
(b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy,state
insolvency,or similar creditors'rights laws by reason of the failure of its recording in the Public Records
(i) to be timely,or
(ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor.
10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has
been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in
the Public Records that vests Title as shown in Schedule A.
The Company will also pay the costs,attorneys'fees,and expenses incurred in defense of any matter insured against by this Policy,but only to the
extent provided in the Conditions. �I
EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy,and the Company will not pay loss or damage,costs,attorneys'fees,
or expenses that arise by reason of:
1. (a)Any law, ordinance,permit, or governmental regulation (including those relating to building and zoning)restricting,regulating,prohibiting,
or relating to
(i) the occupancy,use,or enjoyment of the Land;
(ii)the character,dimensions,or location of any improvement erected on the Land;
(iii)the subdivision of land;or
(iv)environmental protection;
or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limits the
coverage provided under Covered Risk 5.
(b)Any governmental police power.This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6.
2.Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.
3.Defects,liens,encumbrances,adverse claims,or other matters
(a)created,suffered,assumed,or agreed to by the Insured Claimant; Ir
(b) not Known to the Company, not recorded in the Public Records at Date of Policy,but Known to the Insured Claimant and not disclosed in
writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy;
(c)resulting in no loss or damage to the Insured Claimant;
(d)attaching or created subsequent to Date of Policy;or
(e)resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.
4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the
Title as shown in Schedule A,is
(a)a fraudulent conveyance or fraudulent transfer;or III
(b)a preferential transfer for any reason not stated in Covered Risk 9 of this policy.
5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy'Iand
the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.
CONDITIONS
1.DEFINITION OF TERMS
The following terms when used in this policy mean:
(a)"Amount of Insurance":The amount stated in Schedule A,as may be increased or decreased by endorsement to this policy,increased by Section 8(b),or
decreased by Sections 10 and 11 of these Conditions.
(b)"Date of Policy":The date designated as"Date of Policy"in Schedule A.
(c)"Entity":A corporation,partnership,trust,limited liability company,or other similar legal entity.
(d)"Insured":The Insured named in Schedule A.
(i)the term"Insured"also includes
(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, pers nal
representatives,or next of kin;
(B)successors to an Insured by dissolution,merger,consolidation,distribution,or reorganization;
(C)successors to an Insured by its conversion to another kind of Entity;
(D)a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title
(1)if the stock,shares,memberships,or other equity interests of the grantee are wholly-owned by the named Insured,
FORM OF6(rev.12/10)(With Florida Modifications) Page 2 of 5
(2)if the grantee wholly owns the named Insured,
(3)if the grantee is wholly-owned by,an affiliated Entity of the named Insured,provided the affiliated Entity and the named Insured are both
wholly-owned by the same person or Entity,or
(4)if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate
planning purposes.
(ii) With regard to (A), (B), (C), and(D)reserving, however, all rights and defenses as to any successor that the Company would have had against
any predecessor Insured.
(e)"Insured Claimant":An Insured claiming loss or damage. II
(f) "Knowledge" or"Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of1I the
Public Records or any other records that impart constructive notice of matters affecting the Title.
(g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does Inot
include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting
streets, roads, avenues, alleys, lanes,ways, or waterways,but this does not modify or limit the extent that a right of access to and from
the Land is insured by this policy.
(h) "Mortgage": Mortgage,deed of trust, trust deed, or other security instrument,including one evidenced by electronic means authorized by
law.
(i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters
relating to real property to purchasers for value and without Knowledge.With respect to Covered Risk 5(d), "Public Records"shall also
include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land
is located.
(j)"Title":The estate or interest described in Schedule A.
(k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or
lender on the Title to be released from the obligation to purchase, lease,or lend if there is a contractual condition requiring the delh ery
of marketable title.
2.CONTINUATION OF INSURANCE
The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured,but only so long as the Insured retains an estate or interjest
in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall
have liability by reason of warranties in any transfer or conveyance of the Title.This policy shall not continue in force in favor of any purchaser from the
Insured of either(i)an estate or interest in the Land,or(ii)an obligation secured by a purchase money Mortgage given to the Insured.
3.NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT
The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case
Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title,as insured,and that might cause loss or damage
for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is
prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall'be
reduced to the extent of the prejudice.
4.PROOF OF LOSS
In the event the Company is unable to determine the amount of loss or damage,the Company may,at its option,require as a condition of payment that the
Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this
policy that constitutes the basis of loss or damage and shall state,to the extent possible,the basis of calculating the amount of the loss or damage.
5.DEFENSE AND PROSECUTION OF ACTIONS
(a) Upon written request by the Insured,and subject to the options contained in Section 7 of these Conditions,the Company,at its own cost and without
unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to
the Insured.This obligation is limited to only those stated causes of action alleging matters insured against by this policy.The Company shall have the
right to select counsel of its choice(subject to the right of the Insured to object for reasonable cause)to represent the Insured as to those stated causes
of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees,costs,or expenses incurredl,by
the Insured in the defense of those causes of action that allege matters not insured against by this policy.
(b)The Company shall have the right,in addition to the options contained in Section 7 of these Conditions,at its own cost,to institute and prosecute any
action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title,as insured, or to prevent or reduce
loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy,whether or not it shall be liable to the
Insured.The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy.If the Company exercises its rights
under this subsection,it must do so diligently.
(c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy,the Company may pursue the litigation to a final
determination by a court of competent jurisdiction,and it expressly reserves the right,in its sole discretion,to appeal any adverse judgment or order1l
6.DUTY OF INSURED CLAIMANT TO COOPERATE
(a)In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, e
Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use,at its optiothn,
the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company'lall
reasonable aid(i)in securing evidence,obtaining witnesses,prosecuting or defending the action or proceeding,or effecting settlement,and(ii)in airy
other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company
is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall
terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such
cooperation.
FORM OF6(rev.12/10)(With Florida Modifications) Page 3 of5
(lb)The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and
to produce for examination,inspection,and copying,at such reasonable times and places as may be designated by the authorized representative of the
Company, all records, in whatever medium maintained, including books, ledgers, checks,memoranda, correspondence,reports,e-mails, disks, tapes,
and videos whether bearing a date before or after Date of Policy,that reasonably pertain to the loss or damage. Further,if requested by any authorized
representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company Ito
examine,inspect,and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage.All information
designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the
reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination
under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties;as
required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as Ito
that claim.
7.OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;TERMINATION OF LIABILITY
In case of a claim under this policy,the Company shall have the following additional options:
(a)To Pay or Tender Payment of the Amount of Insurance.
To pay or tender payment of the Amount of Insurance under this policy together with any costs,attorneys'fees,and expenses incurred by the insurbd
Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay.
Upon the exercise by the Company of this option,all liability and obligations of the Company to the Insured under this policy,other than to make the
payment required in this subsection,shall terminate,including any liability or obligation to defend,prosecute,or continue any litigation.
(b)To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant.
(i)to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition,the
Company will pay any costs,attorneys'fees,and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of
payment and that the Company is obligated to pay;or
(ii)to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy,together with any costs,attorneys'fees,and
expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to
pay.
Upon the exercise by the Company of either of the options provided for in subsections(b)(i)or(ii), the Company's obligations to the Insured under
this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to
defend,prosecute,or continue any litigation.
8.DETERMINATION AND EXTENT OF LIABILITY
This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the insured Claimant who has suffered loss or
damage by reason of matters insured against by this policy.
(a)The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of
(i)the Amount of Insurance;or
(ii)the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy.
(b)If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title,as insured,
(i) the Amount of Insurance shall be increased by 10%,and
(ii)the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant
or as of the date it is settled and paid.
(c)In addition to the extent of liability under(a)and(b),the Company will also pay those costs,attorneys'fees,and expenses incurred in accordance with
Sections 5 and 7 of these Conditions.
9.LIMITATION OF LIABILITY
(a)If the Company establishes the Title,or removes the alleged defect, lien,or encumbrance,or cures the lack of a right of access to or from the Land,for
cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any
appeals,it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured.
(b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or
damage until there has been a final determination by a court of competent jurisdiction,and disposition of all appeals,adverse to the Title,as insured.'
(c)The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without
the prior written consent of the Company.
10.REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY
All payments under this policy,except payments made for costs,attorneys'fees,and expenses,shall reduce the Amount of Insurance by the amount of the
payment.
11.LIABILITY NONCUMULATIVE
The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in
Schedule B or to which the Insured has agreed,assumed,or taken subject,or which is executed by an Insured after Date of Policy and which is a charge
or lien on the Title,and the amount so paid shall be deemed a payment to the Insured under this policy.
12.PAYMENT OF LOSS
When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions,the payment shall be made within 30 days.
13.RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT
(a)Whenever the Company shall have settled and paid a claim under this policy,it shall be subrogated and entitled to the rights of the Insured Claimant
1,1
FORM OF6(rev.12/10)(With Florida Modifications) Page 4 of 5
•
• ' in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property,to the extent of the
amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the insured Claimant shall execute
documents to evidence the transfer to the Company of these rights and remedies.The insured Claimant shall permit the Company to sue,compromise,
or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and
remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant,the Company shall defer the exercise of its right Ito
recover until after the Insured Claimant shall have recovered its loss.
(b)The Company's right of subrogation includes the rights of the Insured to indemnities,guaranties,other policies of insurance,or bonds,notwithstanding
any terms or conditions contained in those instruments that address subrogation rights.
I
14.ARBITRATION
Unless prohibited by applicable law, arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbitration Association may be
demanded if agreed to by both the Company and the Insured at the time of the controversy or claim.Arbitrable matters may include,but are not limited to,
any controversy or claim between the Company and the Insured arising out of or relating to this policy,and service of the Company in connection with its
issuance or the breach of a policy provision or other obligation. Arbitration pursuant to this policy and under the Rules in effect on the date the demand
for arbitration is made or, at the option of the Insured, the Rules in effect at Date of Policy shall be binding upon the parties. The award may include
attorneys'fees only if the laws of the state in which the Land is located permit a court to award attorneys' fees to a prevailing party. Judgment upon the
award rendered by the Arbitrator(s)may be entered in any court having jurisdiction thereof. it
The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules.
A copy of the Rules may be obtained from the Company upon request.
15.LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 1
(a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the insured and the
Company.In interpreting any provision of this policy,this policy shall be construed as a whole.
(b)Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim whether or not based on negligence shall be
restricted to this policy.
I.
(c)Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person,or expressly incorporated by Schedule
A of this policy.
(d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the
endorsement expressly states, it does not(i)modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii)extend the
Date of Policy,or(iv)increase the Amount of insurance.
16.SEVERABILITY
In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to
include that provision or such part held to be invalid,but all other provisions shall remain in full force and effect.
17.CHOICE OF LAW; FORUM
(a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged
therefor in reliance upon the law affecting interests in real property and applicable to the interpretation,rights,remedies,or enforcement of policies i'of
title insurance of the jurisdiction where the Land is located.
Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against tale
Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts
of law principles to determine the applicable law.
(b)Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within
the United States of America or its territories having appropriate jurisdiction.
18.NOTICES,WHERE SENT '
Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company atl'
I
400 Second Avenue South,Minneapolis,Minnesota 55401-2499,Phone:(612)371-111 1. .
FORM OF6(rev.12/10)(With Florida Modifications) Page 5 of 5
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CFrri 2101.9RIO 4a-66630
OR BK 31541 Pss 3305-3306 (2Pss)
RECORDED 07/25/2019 12:5.31;1;
DEED DOC: TAX $6 s 3130I,00
Record and Return tb: SURTAX ;t;?775 00
Suzanne A.Dockerty,P.A. HARVEY RUM? CLERK OF COURT
110 Merrick Way,Suite 3-B MIAMI-DADE COUNTY? FLORIDA
Coral Gables,FL 33134
305-443-9162
Prepared by:
Stephan L.Cohen
Attorney at Law
Stephan L.Cohen,P.A.
20801 Biscayne Boulevard Suite 400
Aventura,FL 33180
305-792-9777
File Number: 19-WD0118
Will Call No.:
[Space Above This Line For Recording Data]
rr n
Wa a ty Deed
(STATUTORY FORM-SECTION 689.02,F.S.)
This Indenture made this 15 day of July,2019 between 81st Street Investment,LLC,a Florida limited liability
company whose post office address is do North Beach Property Mgmt., P.O. Box 414257, Miami Beach, FL 33141 of
the County of Miami-Dade, State of Florida, grantor*, and The City of Miami Beach, a Florida municipal corporation
whose post office address is 1700 Convention Center Drive,Miami Beach,FL 33139 of the County of Miami-Dade, State
of Florida,grantee*,
Witnesseth that said grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other
good and valuable considerations to said grantor in hand paid by said grantee, the receipt whereof is hereby acknowledged,
has granted, bargained, and sold to the said grantee, and grantee's heirs and assigns forever, the following described land,
situate,lying and being in Miami-Dade County,Florida,to-wit:
Units 1,2,3,4 and 5 of The Corals, a Condominium,according to The Declaration of Condominium
recorded in O.R.Book 25120,Page 1921,and all exhibits and amendments thereof,Public Records of
Miami-Dade County,Florida.
Street Address:795 81st Street,Miami Beach,FL 33141
Folio Nos.: 02-3202-149-0010; 02-3202-149-0020;02-3202-149-0030;
02-3202-149-0040;02-3202-149-0050.
Subject to taxes for 2019 and subsequent years; covenants, conditions, restrictions, easements,
reservations and limitations of record,if any.
and said grantor does hereby fully warrant the title to said land,and will defend the same against lawful claims of all persons
whomsoever.
*"Grantor"and"Grantee"are used for singular or plural,as context requires.
DoubleTime®
0
' OR BK 31541.. PG 3306
• LAST PAGE
In Witness Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written.
Signed,sealed and delivered in our presence:
81st Street Investment,LLC,a Florida limited liability
company
111411‘
By: ,/j, ,
W'tness Name: OA v S",MI^'t t" f'arc`S'ulman,Ma w
Witness Name: )..._j s te;iQA!S
v 1
State of Florida
County of Miami-Dade
The foregoing instrument was acknowledged before me this 6 day of July, 2019 by Marc Shulman, Manager of 81st
Street Investment, LLC, a Florida limited liability company, on behalf of the limited liability company. He [tis personally
known to me or[ ]has produced a driver's license as identification.
[Notary Seal] Notary Public
— — — Printed Name: N fl1" d i i"/-n7 G--
'4 tO 4 MARIO SAMAME
1 ?/ �,`o% Notary Public•State of Florida , MyCommission Expires:
r 41/ ),e, � 2
• iii E Commission#GG 044097 p
=;r, .r
Bill of Sale
This Bill of Sale, made on July 15 , 2019, between 81st Street Investment, LLC, a Florida limited liability
company("Seller"),and The City of Miami Beach,a Florida municipal corporation("Buyer").
Witnesseth, that Seller, in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable II
consideration paid to Seller by Buyer, receipt and sufficiency of which is hereby acknowledged, delivers, grants, bargains,
sells and transfers forever to Buyer the following goods and chattels,to wit:
All existing improvements and fixtures including built-in appliances,built-in furnishings,wall-to-wall carpeting,
flooring,range(s)/oven(s),refrigerator(s),dishwasher(s),disposal,ceiling fan(s),intercom,light fixture(s),drapery
rods and draperies,blinds,window treatments,garage door opener(s),security gate and other access devices,smoke
detectors and storm shutters/panels together with all items listed in Contract For Sale and Purchase dated June 18,
2019. �I
Said property being located at:
Units 1,2,3,4 and 5 of The Corals,a Condominium,according to The Declaration of Condominium
recorded in O.R.Book 25120,Page 1921,and all exhibits and amendments thereof,Public Records of
Miami-Dade County,Florida.
Street Address: 795 81st Street,Miami Beach,FL 33141
Folio Nos.: 02-3202-149-0010; 02-3202-149-0020;02-3202-149-0030;
02-3202-149-0040; 02-3202-149-0050. "
Also known as 795 81st Street,Units 1-5,Miami Beach,FL 33141
Seller covenants to Buyer that Seller is the lawful owner of the said goods and chattels; that they are free from all it
encumbrances; that Seller has good right to sell that property, and that Seller will warrant and defend the sale of said
property,goods and chattels unto the Buyer against the lawful claims and demands of all persons whomsoever. !I
"Seller" and "Buyer" shall be used for singular or plural, natural or artificial, which terms shall include the heirs, legal
representatives,successors and assigns of Seller and Buyer whenever the context so requires or admits.
it
II
li
DoubleTime®
81st Street Investment, LLC, a Florida limited liability
company
By:
r rc ulman, anager
State of Florida
County of Miami-Dade
The foregoing instrument was acknowledged before me this I day of July, 2019 by Marc Shulman, Man ger of 81st
Street Investment, LLC, a Florida limited liability company, on behalf of the limited liability company. He LO personally
known to me or[ ]has produced a driver's license as identification.
144w%). t441.4%---
[Notary
om4%--_[Notary Seal] Notary Public
Printed Name: h 4A4.0
My Commission Expires: Pi9/ 1''? Z'!
o4Y rfIlp, yMARIO SAMAME
�a<c� Notary Public-State of Florida
<; ; Commission #GG 044097
My Comm.Expires Feb 28,
'' O F`\ Bonded through National Notary Assn.
Bill of Sale-Page 2 DoubleTime®
Prepared by and return to:
Stephan L. Cohen
Attorney at Law
Stephan L.Cohen,P.A.
20801 Biscayne Boulevard,Suite 400 !I
Aventura,FL 33180
305-792-9777 !I
File Number: 19-WD0118
Will Call No.:
•
it
[Space Above This Line For Recording Data]
Assignment of Lease
Know all men by these presents, that 81st Street Investment, LLC, a Florida limited liability company
("ASSIGNOR"), in consideration of the sum of ten dollars ($10.00) and other good and valuable consideration paid to
ASSIGNOR by The City of Miami Beach, a Florida municipal corporation ("ASSIGNEE"), receipt and sufficiency of
which is hereby acknowledged, hereby sets over, conveys, assigns and transfers forever to ASSIGNEE all of the Leases for
the Units reflected in the below legal description and described on Exhibit "A" which is attached hereto, regarding the
following described land,situate,lying and being in Miami-Dade County,Florida to-wit:
Units 1,2,3,4 and 5 of The Corals,a Condominium,according to The Declaration of Condominium
recorded in O.R.Book 25120,Page 1921,and all exhibits and amendments thereof,Public Records of
Miami-Dade County,Florida.
Street Address:795 81st Street,Miami Beach,FL 33141
Folio Nos.: 02-3202-149-0010; 02-3202-149-0020;02-3202-149-0030;
02-3202-149-0040;02-3202-149-0050.
"ASSIGNOR" and "ASSIGNEE" shall be used for singular or plural,natural or artificial,which terms shall include the heirs, 'I
legal representatives,successors and assigns of ASSIGNOR and ASSIGNEE whenever the context so requires or admits.
DoubleTime®
it
II
it
Dated: July el ,2019
Signed,sealed and delivered in our presence:
81st Street Investment, LLC, a Florida limited liability
company
N 1 t' By: / i.A
'tness Name: t' 11 M :3 -► 4 Al cl/'- t.." f'.arc "hii mfin,Man gy
Witness Name: k c A- rY\, 14 ixt..c_Li
State of Florida
County of Miami-Dade
The foregoing instrument was acknowledged before me this 15 day of July, 2019 by Marc Shulman, Mani ger of 81st
Street Investment, LLC, a Florida limited liability company, on behalf of the limited liability company. He Os personally
known to me or[ ]has produced a driver's license as identification.
tit 0v1.,
[Notary Seal] Notary Public
it
MARIO SAMAME loNA4,iJ
Printed Name:
/ •i/fAIc
1 Cd,,,,PV,,6
_lr B`�: Notary Public-State of Florida ;1 r
• ,,A1 ° Commission # GG 044097 1 My Commission Expires: r �� 7 Z° Lf
e,,,,-;'...1.=.11 My Comm.Expires Feb 28,2021
''' °AP s Bonded through National Notary Assn. f
Assignment of Lease-Page 2 DoubleTime®
Rent Roll-Analysis
Property: 81st Street Investment, LLC
As of 07/18/19
Lease
Security End
Tenant Name Phone Email Unit Unit Type Rent Balance Deposit Last Month Move In Date
81st Street Investment,LLC
Celinda Suarez (786)908-4384 luis.suarezviale@gmail.com 795-1 RMA 3/1 1,550.00 19.79 1,550.00 n/a 8/13/12 8/31/13
Julie White (786)752-5600 whte.julie@yahoo.com 795-2 RMA 2/1 1,550.00 0.00 1,150.00 n/a 3/19/10 3/31/11
Pedro Gonzalez Escalante (786)357-2224 pedroglez63@gmail.com 795-3 RMA 3/1 1,700.00 0.00 1,700.00 1,700.00 9/13/18 8/31/19
Dayana Del Pozo (786)352-0976 dayanadelpozo@yahoo.it 795-4 RMA 2/1 1,500.00 0.00 3,000.00 1,500.00 3/1/16 2/28/17
Karen Soto Pedrosa (785)872-6055 Krstp212@gmail.com 795-5 RMA 1/1 1,275.00 0.00 2,550.00 1,275.00 11/29/18 11/30/19
7,575.00 19.79 9,950.00 4,475.00
Totals for 81st Street Investment, LLC
Security Increase
Rent Balance Deposit Amount
7,575.00 19.79 9,950.00 4,475.00
Closing Affidavit
1
(Se ler)
Before me,the undersigned authority,personally appeared the undersigned("Affiant"),who being by me firstduly sworn,
on oath,depose(s)and say(s)that:
1.. 81st Street Investment, LLC, a Florida limited liability company ("Seller"), is the owner of and is selling the
following described property to The City of.Miami Beach,a Florida municipal corporation("Buyer"),to wit
Units 1, 2,3,4 and 5:of The Corals, a Condominium,according to The Declaration of.Condominium
recorded in 0.R. Book 25120, Page 192I,and all exhibits and amendments thereof,Public Records of
Miami-Dade County,Florida.
Street Address:.795 81st Street,Miami Beach,FL 33141
Folio Nos.:02-3202-149-0010;02-3202-149-0020;02-3202-149-0030;02-3202-149-0040;02-3202-149-0050.
2. .The above described property is free and clear of all liens, taxes,encumbrances and claims of every kind, nature and
description of record whatsoever,except for real estate and personal property taxes for the year 2019,which are not yet
due and payable.
3. 'There have been no improvements,alterations,or repairs sinceacquisition by the Seller to the above described property
for which the costs thereof remain unpaid, that there are no claims for labor or material furnished for repairing or
improving the same, which remain unpaid since the acquisition by Seller, and that there are no mechanic's,
materialmen's,or laborer's liens since acquisition by Seller against the above described property.
4. There have been no documents recorded in the Public Records of Miami-Dade County,Florida subsequent to 6/04/19.,
which affect title to the Property and Seller has not entered into any contractsfor the sale,disposition or leasing of the
Property since said date except as may have been disclosed.to Suzanne A.Dockerty,P.A. in writing,and Seller has no
knowledge of any matter affecting title to the Property.
5. The personal property contained in the building on said property,or on the said premises,and which,if any,is being sold
free;and clear of all liens, encumbrances, claims and demands whatsoever.The Seller knowsof no violations of
Municipal.or County Ordinances pertaining to the above described property.No judgment or decree has been entered in
any court in this State or the United States against said Seller which remains unsatisfied.There are no persons other than
Seller in possession of theabove described property other than the tenants described on Exhibit"A"which is attached
hereto.
6. Seller agrees that in the event the current real estate or personal property taxesvary in amount.from_the figures used in
making the prorations used in closing the transfer and conveyance of the above described property to said buyers,then a
new proration and a correct and proper adjustment will be made upon.demand. .
7. There are no matters pending against the Seller that could give rise to a lien thatwould attach to the property between the
effective date of commitment and the recording of the interest to be insured. Seller has not and will not•execute any
instruments that would adversely affect the interest to be insured.
8 Seller's tide to,and possession and enjoyment of,the property have beenopen, notorious,peaceable and undisturbed,.
and have never been disputed nor questioned,
9.. There are no disputes concerning the boundary lines of the property,and the operation of any buildings on said property
has been in compliance with the applicable building codes,ordinances and statutes.
10. Affiant has received no notice of any public hearing regarding assessment for improvements or changes in applicable
zoning laws concerning said property within the past ninety(90)days.
11..There are no actions or proceedingsnow pending in any State or Federal Court to which the Seller isa party,including
but not limited to,proceedings in bankruptcy,receivership or insolvency, nor are there any judgments, bankruptcies,
liens or executions of any nature which constitute or could constitute a charge or lien upon said property.
File Number 19-WD0t 18 Doublel1me•
I2. There are no unrecorded easements,claims of easement or rights-of-way affecting all or any portion of the property. .:
13. Seller understands that Section 1445 of the Internal Revenue Codeprovides that a Buyer of a United States real property
interest must withhold tax if the Seller is a foreign person.To inform the Buyer that withholding of tax is not required
upon purchase of the above described property,Seller certifies the following:
a. Seller isnot a nonresident alien individual, foreign corporation, foreign partnership,foreign trust or foreign estate
for purposes of United States federal income taxation.
b: Seller's U.S.Taxpayer Identification Number is27-1488542.
c: Seller's address is:do North Beach Property Mgmt.,PA).Box 414257,Miami Beach,FL 33141:
d. No other persons or entities have an ownership interest in the above described property.
Seller understands the Buyer of the described property intends to rely on the foregoing representationsinconnection
with the United States Foreign Investment in Real Property Tax Act,(FIRPTA).Seller understands this certification may
be disclosed to the Internal Revenue Service by the Buyer and that any false statements contained in this.certification
may be punished by fine,imprisonment or both. Seller has the authority to sign this affidavit as either individual Seller
or onbehalf of an entity Seller. Underpenaltiesof perjury,Seller states that this declaration was carefully read and is
true and correct : . . .
14. This affidavit is given for the purpose of clearing any possible question or objection to the title to the above referenced
property and,for the purpose of inducing Suzanne A. Dockerty, P.A. and Old Republic National TItle Insurance
Company to issue title insurance on the subject property,with the knowledge that said title companiesare relying upon
the statements set forth herein..Seller hereby holds Suzanne A. Dockerty, P.A. and Old Republic National Title
Insurance Company harmless and fully indemnifies same(including but not limited to attorneys'.fees,:whether suit be
brought or not,and at trial andall appellate levels,and court costs and other litigation expenses) with respect to the
matters set forth herein:"Affiant","Seller".and"Buyer"include singular or plural as context so requires or admits.Seller
further states that he/she is familiar with the nature of an oath and with the penalties as provided by the laws of the.
United States and the State of Florida forfalsely swearing to statements made in aninstrument of this nature..Seller
further certifies that he/she has read,or heard read,the full facts of this Affidavit and understands its context.
Clot/ng4ffidavit(Seller)-Page 2
File Number.19•WD0118. DoubleTtmee
._._._
Under penalties of perjury,I declare that I have read the foregoing Affidavit and that the facts stated in it are true.
81st Street Investment, LC, a Florida limited liability
company
By ii r
re ulman, 'anager
State of Florida
County of Miami-Dade
The foregoing instrument was sworn to and subscribed before me.this 14 day of July,2019. by Marc Shulman,Managers& �p
81st Street Investment, LLC, a Florida limited liability company, on behalf of the limited liability company. Hegis
personally known to me or[ ]has produced a driver's license as identification.
1�t4 j44,
[Notary Seal] Notary Public
Printed Name: 9 V J4441,46 e'
I of'.'•'aa,. MARIO SAMAME. .
*Niel Notory Public•State of Florida My Commission Expires: 'a�' 291
• COmmisslon k GO 044097
•r`My Comm.Expires Feb 25.2021 '
!I ',re-t� .Bonded through National Notary Assn. .
ClosingAgldavii(Seller)-Page 3
File Number:19-WDOI18 . DoubleTrmee
•
• Rent Roll Analysis
Property 81st Street Investment,LLC
As of 07/18119
Lease
Security Fwd
Tenant Name Phone Email Unit Unit Typo Rent Balance Deposit last Month Move to. Date
81st Street Investment,LLC
Celinda Suarez (786)908-4384 luis.suarezviale@gmaitoom 795-1 RMA 311 1,550.00 . 19.79: 1,550.00 nla 8113/12 8131/13
Julie White:.
(796)752-5600 whtejulle(fgyatwo.com. 79.5-2 RMA 2/1 1,550.00 0.00 1,150.00 Na 3119110 3!31/17
Pedro Gonzalez Escalante (786)357-2224 pedrogiez63@gmaii.com : 795-3 RMA 311 1,700.00 0.00 1,700.00 1,700,00 9/13/18 8/31119
Dayana Del Pa® (786)352-0976 dayanadetpozo yahoo it 795-4 RMA 211 1,500.00 0.00 3,000.00 1,500.00 3/1116 2/28/17
Karen Soto Pedrosa (785)872-6055 Krstp212®gma0.com 795=5 RMA 111 1,275.00 0.00 2,550.00 1,275.00 11/29/18 11/30/19
7,575.00 19.79 9,950,00 4,475.00
Totals for B1st Street Investment,LLC
Security Increase
Rent Balance .Deposit Amount
7,575.00 19.79 9,950.04 4,475:00.
•
This instrument was prepared by:
Stephan L. Cohen,Esq.
20801.Biscayne Boulevard,Suite 400
Aventura,FL 33180 . .
(305)792-9777 : . .
File No.: 19-WD0118
AFFIDAVIT OF MARC SHULMAN REGARDING
81ST STREET INVESTMENT, LLC,a Florida limited liability company
STATE OF FLORIDA )
)ss
COUNTY OF MIAMI-DADE
Dated:. 4o t. f 5 ,2019.
ON THIS DAY before me the undersigned authority duly authorized to administer oaths
and take acknowledgments,personally appeared MARC SHULMAN who,upon his oath,deposes
and says:
I. That MARC SHULMAN is the sole Member and Manager of 801. STREET
INVESTMENT, LLC, a Florida limited liability company, a member managed limited liability
company,which was organized on 12/15/09.
2: That MARC SHULMAN is the Manager of 81ST STREET INVESTMENT, LLC, a
Florida limited liability company, and is fully authorized to consent to the sale of the following
described property,located in Miami-Dade County, Florida:
Units 1, 2, 3, 4 and 5 of The Corals, a Condominium, according to The Declaration:of
Condominium recorded in O.R. Book 25120,Page 1921, and all exhibits and amendments
thereof,Public Records of Miami-Dade County,Florida.
Street Address: 795 81st Street,Miami Beach,FL 33141
Folio Nos.:02-3202-149-0010; 02-3202-149-0020; 02-3202-149-0030;
02-3202-149-0040; 02-3202-149-0050.
3. That MARC SHULMAN, as the Manager of 81sT STREET INVESTMENT,LLC,a
Florida limited liability company,has full power and authority to execute any and all documents
required for the sale of the subject property.
jl-
4. That there is no Operating Agreement in place.for 81ST STREET INVESTMENT,
LLC,.a Florida limited liability company.
5. That 81sT STREET INVESTMENT,LLC,a Florida limited liability company,is an
active Florida limited liability company,in good standing,and there are no sales taxes owing to
the State of Florida and there are no claims from any State or Federal Court against the limited
liability company.The sale of thesubjectproperty is inthe ordinary course of business.
6.. That 81ST STREET INVESTMENT,LLC,.a Florida limited liability company,is not
one of a family or group of entities.
7. That MARC SHULMAN has not become dissociatedpursuant to Sec. 605.0302(11),
F.S.(by filing a statement of dissociation),Secs. 605.0212,605.060.1,or 605.0602,F.S.,nor has.
he wrongfully caused dissolution of the company.
8. That 81ST STREET INVESTMENT,LLC,a Florida limited liability company,and
MARC SHULMAN are not debtors in any bankruptcy proceedings.
9. That said Affidavit is being given in consideration of and as inducement to THE .
CITY OF MIAMI BEACH,a Florida municipal corporation,to purchase the subject property,
for SUZANNE A.DOCKERTY,P.A.and OLD REPUBLIC NATIONAL TITLE INSURANCE
COMPANY to insure said land referred to in Paragraph number 2 above.
•
FURTHER,AFFIANT SAYETH NOT
hi&C SHULMAN
I HEREBY CERTIFY that on the date last aforesaid,beforee
m ,an officer duly
authorized to take acknowledgments,personally appeared MARC SHULMAN,who presented a if
driver's license as identification,or to me personally known to be the person described in and
who executed the foregoing affidavit and that such instrument was sworn to and subscribed
before me by said person.
, )/41441 40"-
Miy MARIO SAMAMEatr `
• , �* Notary Public•Stile of Florida
s • Cam.
N GG 044097 l Notary Public-State of Florida
r,, My m.Expires Fob 2e.2o2tPrint Name. N1 A o1,443 Jury A (
AD Bondrd through National Notary Ann. l
My Commission Expires: rib .LAB, 21 ZI 1
1