Completion Guarantee/Peebles
TERMINATION OF COMPLETION GUARANTEE
This Termination of Completion Guarantee is made this /S-lIaay of flcblil....2005
by R. Donahue Peebles (the "Guarantor") and Miami Beach Redevelopment Agency, a public
body corporate and politic (the "Agency") and the City of Miami Beach, Florida, a municipal
corporation of the State of Florida (the "City").
Whereas, Guarantor previously delivered to the Agency and the City that certain
Completion Guarantee dated ~ f /17#11 . 1998 relative to the development of the Hotel as
contemplated by the Agreement of Lease between Agency, as Owner, and RDP Royal Palm
Hotel Limited Partnership, as Tenant; and
Whereas, the obligations of the Developer to Finally Complete the Project, as
those capitalized terms are defined in the Completion Guarantee, have been fulfilled; and
Whereas, the parties hereto wish to acknowledge and confirm that the Completion
Guarantee has no further force or effect and is terminated.
Now, therefore, in consideration of the premises and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties acknowl-
edge that the Completion Guarantee is terminated and has no further force and effect and that the
Guarantor has no existing or further obligations thereunder.
In witness whereof, the parties have executed and delivered this Termination of
Guarantee Agreement the day and the year first written above.
GUARANTOR:
State of Florida )
)
County of Miami-Dade )
On the ~day of a r y appeared before me, the under-
signed authority, R. DONAHUE PEEBL S, who is known to me personally to be the per-
son who is subscribed to the within instrument_ who produced a valid Florida driver's license
and acknowledged to me that he executed the within instrument in the space provided.
(NOTARY SEAL)
Print Name:
H~VI,,&:~'!. Nathalie Legagneur
:. ...~ .: Commission' 00385416
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Notary Public, State of Florida
Commission No.
AGENCY
~sses:
ct!~~~;\- .
Print Name: d{lWl J. A~v,\,,-
CH REDEVELOPMENT
u lie body corporate and politic
By:
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Print Name: ZJd~r /<1' F r:;::dt> if
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ATTEST: 0
By: ~u~ t r (<<cLw\.
Robert Parcher, Secretary
STATE OF FLORIDA )
) SS:
COUNTY OF MIAMI-DADE)
BEFORE ME, the undersigned authority, personally appeared David Dermer, Chairman
and Robert Parcher, Secretary, of the MIAMI BEACH REDEVELOPMENT AGENCY, a public
body corporate and politic, 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 s~&~
such individual is personally known to me or produced a valid drive's license~M~~&AGE
& FOR EXECUTION
~ 1fl-'
Redevelopment Ag&nC'/ ate .
General Coun8e(~r.
.
Witness my hand and official seal in the County and State last aforesaid this ,,6"11ay of
rfl?U~ 2005.
(NOT ARIA SEAL)
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Notary Public-State of Florida at Large
Commission Number: ])D 3~) 9<2 t
My Commission Expires:
CITY
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Print Name: d<c.v\ 1. 'ijv;\&--..-
By:
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Print Name:~.j/'..../'/T 71 ~I?t'/
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ATTEST: ~
By: Jihu t atdw--
Robert Parcher, City Clerk
STATE OF FLORIDA )
) SS:
COUNTY OF MIAMI-DADE )
BEFORE ME, the undersigned authority, personally appeared David Dermer, Mayor and
Robert Parcher, City Clerk of the CITY OF MIAMI BEACH, a Florida municipal corporation, 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 City for the uses and purposes therein mentioned,
and that they affixed thereto the official seal of said City. Each such individual is personally
known to me or produced a valid drive's license as identification. .
C Witness my hand and official seal in the County and State last aforesaid this ,crtiay of
r"u'U{ 2005. ~
,'\Io!!Y. ", ILEX MORALES
f'JJm\NOlary Publtc - SIal. 01 Florida ,/aA'Ylife -oF rY1 DN :s
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C .. N b i>D;;'=';l'N'$APPROVED AS TO
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My Commission Expires: & FOR EXECUTION
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