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HomeMy WebLinkAboutClosing Statement/Special WD CITY OF MIAMI BEACH OFFICE OF THE CITY ATTORNEY MEMORANDUM TO: Robert Parcher City Clerk FROM: Raul J. AgUila~ First Assistant 'City 'Attorney SUBJECT: City of Miami Beach - Auction Sale to Margules (2620 Biarritz Drive) DATE: April 8, 2005 Bob: Enclosed herewith is an original executed Closing Statement and copies of closing documents relative to the above-referenced Sale. Once we receive the recorded originals, I will forward them to you. c., 0 -.-1 01 Al '~'4~ :;t:::- n .'t.J m :"" () r", I 7~1 co ;-11 ,,~:..... (j") -0 < ~ C') rn -""'-'1 r-.> -,.., CJ C) CJ CJ"l ...., ( .,... Buyer's and Seller's Combined Closing Statement JOEL N. MINSKER, ESQ. BLOOM & MINSKER, P.L. NOTE: This fonn is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for infonnational purposes and are not included in the totals. NAME OF BUYER: 2620 Biarritz Drive, LLC ADDRESS OF BUYER: 999 Washington Avenue, Miami Beach, FL 33139 NAME OF SELLER: City of Miami Beach, a Florida municipal corporation ADDRESS OF SELLER: 1700 Convention Center Drive, Miami Beach, FL 33139 NAME OF LENDER: ADDRESS OF LENDER: PROPERTY 2620 Biarritz Drive LOCATION: Miami Beach, FL 33139 SETILEMENT AGENT: JOEL N. MINSKER, ESQ., BLOOM & MINSKER, P.L. lllO BRICKELL A VENUE, 7th FLOOR, MIAMI, FL 33131-3107 PLACE OF SETILEMENT: 1110 BRICKELL A VENUE, 7th FLOOR, MIAMI, FL 33131-3107 SETTLEMENT DATE: AIAnnn< SUMMARY OF BUYER'S TRANSACTION SUMMARY OF SELLER'S TRANSACTION AMOlINT mrE FROM B1NER 400.GRnss AMOUNT m m Tn S"T T "" 11111 . ^. rnntro~t 1 0"... <nn nn 4 nrnnpm, , .., " unn ~I\ 1\1\1 " lAM 1104 l"n4 105. I"n, . , o..!von~p .~~;;;,~.. to 4 tn tn tn 1M In AnO tn 10Cl tn "00 tn 110 tn 410 tn 111 tn "11 'n 111 tl\ 411 'n 120.GROSS AMOUNT DUE FROM BUYER ~ 1,972,501.13 420.GROSS AMOUNT DUE TO SELLER ~ 1,942,500.00 200AMOUNTS PAID BY OR IN BEHALF OF BUYER 500.REDUCTlONS IN AMOUNT DUE TO SELLER 1m - w'lnon{<) <n... 1100000n . . , ..!pnn<;t ..,.." .1":.n 10<; 107 ,07 1011 ,011 10Cl <00 109. ,09a 10Clh 509b Adiusttnents for items unpaid by seller Adiusttnents for items unoaid bv seller tn < 1 n r;",ltnwn tovpo tn In ell f"_;'_h,tovpO tn 'I... In en tn 1n In ,n tn 114 In ,U tn ,,, In ,1, 'n ,,/; tn ,I/; tn 117 tn ,I'" tn 1111 tn <12 to 219. '1\ 519. tn 220.TOTAL AMOUNTS PAID ~ 194,521.10 520.TOTAL REDUCTIONS IN ~ II 0,999.00 BY OR IN BEHALF OF BUYER AMOUNT DUE SELLER 300.CASH AT SEITLEMENT FROMffO BUYER 600.CASH AT SETTLEMENT TOIFROM SELLER 301.Gross amount due from bu""r ([ine 120' 10'7... <I'll n 601.Gross amount due to seller line 420\ lOA.., <nnno 1302.Le<< .mOllnt< no;..! hv/fnr bnvpr f1inp 110) 194521.10 602.Lp<< rpt1l1~tions in am"''''' ,-Inp oellpr (linp ,...m 110999.00 303.CASH IXJ From 0 To BUYER ~ 1,777,980.03 603.CASH IXJ To o From SELLER ~ 1,831,501.00 PAGEl 1110 BRICKELL AVENUE 7th FLOOR MIAMI, FL 33131-3107 Cl2004 Dllplli)' Sylte....lnc:. (863) 16J.5!55 4 Laser Generated CMBAUcr ~ . f t. 700 Tf"TA' "ALP"IRROKER'~ rOM. based nn nrice 1 n'~ ~nn nn !al % ruv:oiM n~mmission nine 700) as follows, BUYER'S SELLER'S 701 'n P1.m1.;';'D~~1.u 'n~ EXPENSES EXPENSES 7M tn "'ni::__ . Inc. 7m 704. to 800. Items Pavable In Connection With Loan 21\, , Fee Of. to 1107 Of. 'n 1l0~ to llM tn llM T . tn ROt; to 807. to IllOll tn IllOO 'n Illlll tn Illll tn 1217 tn Illn 'n 1214 tn llH to 900. Items Reauired Bv Lender To Be Paid In Advance 001 414noo~ tn ~11 noo~ (@ hl.v 902. Mortnanp 'n<urance Premium for month. to om "'.7.;,1 ,I'nr ve.... tn OOd ve.... tn 905. vears to 1000. Reserves Denosited With Lender lIln 1 u....~ ;non..nN mnnth./ npr mnnth 1 on7 "_~M_' :n<"r.n~e mnn.1.ol np. mnn'1. .000 ~po ~ n... mnnth lonA mM.1.ol n_ mnn'1. .nn. mnnth< ;..... month 1001i mnn'1.< ~ mnn'1. 1,007 m~ --~_.... 1008. month. ner month 1009. 1100. Title CharPes 1101 .fee 'n T>1~m -..;;; . ::::;:-~_ n T <nn nn 11M , op.,,1. to A ttome",,' T;t1':;:- Tn~ 7';000 11m tn T>1~m R. , .,__..__ n T -,:;;< "" 1104 to 11M tn . ",,: tn ,;n., , tn T>lnom R, U:__\'__ n T ~ 11i\" tn T> lnn~ R, . ",n--;- , IN" A liT. 1 1 . 0 rT.._.-'r Mve..."'p' 74~ 1?<; IN" AMT- 1 111 n. '.I'I'0_74~ n. 74~ 1~ 1111 "'M' :.rert Fee ... T>lnn~ fl. ~ 1112. to Bloom & Minsker P.L. 1113. to 1200. Government Recordin and Transfer CharPes 11701 . , . .". .D_ <7 ~O 1"07. 17<;. T .-::. - 27;':'7< ~ . n,.',.,1 tl <:<< nn. T . .". 11 Ii~~ 00 1204. 1205. 1300. Additional Settlement Charoes lto... T' to A.l Tnc 1<:" nn I '~n'l tn ~'," 'n~ " 47<1. 00 I '~M'" _,. . ~~ ~n.n f'.vpo Mn.:.. ..~ tn no. ~, DT 7<; 00 I nM tn 1'~M 'n InM tn 1'~07 tn 1308. to 1309. to 1400. Total Settlement Charges (enter on Buyer line 103, and on Seller line 502, Page 1) ~ 30,001.13 110,999.00 Buyer's and Seller's Combined Closing Statement PAGE 2 Buyer Bv' Robert Parcher, Clerk seller~ Seller DATE: 4/412005 CMBAUcr 1111111 1. Parcel Identification Number (If Parcel 10 not available please. call County Property 02 -3203-000-0040 Appraiser's Office)~ Transaction is a split or cutout from another parcel?------' DSII 101 I 1099 FLORIDA DEPARTMENT OF REVENUE Pfmr~g~IEJo'?" ~R~;~:8 RETURN FOR TRANSFERS OF INTEREST IN REAL PROPERTY ACCEPTABLE (PLEASE READ INSTRUCTIONS ON THE BACK OF THIS FORM BEFORE COMPLETING) Use black ink. Enter numbers as shown below. If typing, enter numbers as shown below. I XXXXXXXXXX xxxxxxxxxx I 2. Mark (x) all that apply Multi-parcel transaction? ~ Property was improved with building(s) at time of sale/transfer? ~ 3. Grantor (Seller): City of Miami Beach, a Florida municipal corporation 1700 Convention Center Drive, Miami Beach, FL 33139 4. Grantee (Buyer):2620 Biarri tz Drive, LLC, a Florida limi tad 1iabi1i ty company 999 Washington Avenue, Miami Beach, FL 33139 5. Date of SalefTransfer Saleffransfer Price 04 Month / 04 Day / 2005 Year $ 1 942 500 00 Property Located In 23 County Code (County Codes on Reverse) (Round to the nearest dollar.) Contract! Agreement for Deed Quit Claim Deed 8. To the best of your knowledge, were there unusual circumstances or conditions to the sale/transfer such as: Forced sale by court order? Foreclosure pending? Distress Sale? Title Defects? Corrective Deed? Mineral rights? Sale of a partial or undivided interest? Related to seller by blood or marriage. YES 6. Type of Document Other 7. Are any mortgages on the property? If "Yes", outstanding mortgage balance: (Round to the nearest dollar.) $ YES / X NO X Warranty Deed / X NO 9. Was the sale/transfer financed? YES / X Conventional Seller Provided NO If "Yes", please indicate type or types of financing: Agreement or COntract for Deed Other 10. Property Type: Mark (x) all that appy Institutional! Residential Commercial Industrial Agricultural Miscellaneous Government Vacant Acreage Timeshare X 11. To the best of your knowledge, was personal property included in the sale/transfer? If"Yes", please state the amount attributable to the personal property. (Round t the nearest dollar.) 12. Amount of Documentary Stamp Tax YES / X NO $ Cents 13. If no tax is due in number 12, is deed exempt fr rmentary Stamp Tax under s. 201.02(6), Florida Statutes? YES / X NO Under penalties of perjury, I declare that I have d e goirig return and that the facts stated in it are true. If prepared by someone other L than the taxpayer, hislher declaration is based all . . n of which helher has any knowledge. t./- _u. _ 05 Signature of Grantor or Grantee or Agent Date T WARNING: FAILURE TO FILE THIS RETURN OR AL A11VE FORM APPROVED BY TIlE DEPARTMEIrr OF REVENUE SHALL RES1JI..T IN A PENALTY OF $25.00 IN ADDITION TO ANY OTIlERPENALTY IMPOSED BY TIlE REVENUE LAW OF FLORIDA. $ 11 655 00 (To be completed by the Clerk of the Circuit Court's Office) Clerks Date Stamp O.R. Book and Page Number and File Number Date Recorded / / Month Day Year This Document Prepared By and Return to: Joel N. M1nsker, Esq. of Bloom & Minsker, P.L. 1110 Brickell Avenue, Suite 700 Miami, FL 33131-3107 Parcel ID Number: 02-3203-000-0040 Special Warranty Deed This Indenture, Made this 4th day of April , 2005 A.D., City of Miami Beach, a Florida municipal corporation Between of the County of Miami-Dade , State of Florida ,grantor, and 2620 Biarritz Drive, LLC, a Florida limited liability company whose address is: 999 Washington Avenue, Miami Beach, FL 33139 of the County of Miami-Dade State of Florida , grantee. Witnesseth that the GRANTOR, for and in consideration of the sum of - - --- - - - - - - - - - - - - -- - - ---TEN DOLLARS ($10) - - --- - -- - -- - - - - - - - - - - - - DOLLARS, and other good and valuable consideration to GRANTOR in hand paid by GRANTEE, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said GRANTEE and GRANTEE'S heirs, successors and assigns forever, the following described land, situate, lying and being in the County of Miami -Dade State of Florida to wit SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED BY REFERENCE HEREIN, This conveyance is made subject to the following: 1. Taxes and assessments for the year 2005 and subsequent years; and 2. Conditions, restrictions, limitations, easements, reservations, assignments and instruments of record, but this provision shall not operate to reimpose same; and 3. Zoning, building, and all other governmental regulations. Together with all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. To Have and to Hold, the same in fee simple forever. And the grantor hereby covenants with said grantee that grantor is lawfully seized of said land in fee simple; that grantor has good right and lawful authority to sell and convey said land; that grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons claiming by, through or under grantor. Laser Generated by Cl Display Systems, Inc., 2003 (863) 763,SSS5 Form FLSWIJ..I Special Warranty Deed - Page 2 Parcel IDNumber: 02-3203-000-0040 Signed, sealed and delivered in our presence: Florida ~~Sl~;~:i J. At!d~ B (SoM) Wi tnes s P.O. Address: 1700 Convention Center Drive, Miami Beach, FL 33139 //JAfRh//!/ddA,A<\ BY'~~ S>>.. . (Soal) ~ /~~:i~;;;~ tn, /l1?t&/J:) ..., rk Li\,tA,.WV\ "a..Tf'ela,~ /k Wi tness . P.O. Address, 1700 Convention Center Drive, Miami Beacb, FL 33139 (Corporate Seal) STATE OF Florida COUNTY OF Miami-Dade Th~ foregoing instrument was acknowledged bf:f~fc~e .tlllDotH~~~1\ day of Ap~il ..,2005 by DavJ.d Dermer, Mayor and ~eerl''flaEQ~r,'- Clerk of CJ. ty of M1am.1 Beach, a Florida municipal corporation on behalf of the corporation who are personally known to me or who have produced their Florida driver I s license as identification. -:/tifi:r!!jt{t:::::} m ;neIZlrJO Notary Public My Commission Expires: ......tr..~~ MIRIAM M. MERINO 1~\iI"'A~\ MY COMMISSION j/ DO 263315 ~.~~j EXPIRES; November 15, 'tJiJ7 "'i:m.~~., Bonded ThIU NaIIry Public UndIniItIIlS APPROVED AS 10 FORM & LANGUAGE I. FOR EXECUTION AAJ JI11f)IJ()~J~< '1- (-0.$ ~ Pate 1?\ \1"' CMBAtlCT Laser Generated by 0 Display SySlems,Inc, 2003 (863) 763-SS55 Fonn FLSWD-I EXHIBIT A LEGAL DESCRIPTION Commence at the northwest corner of Tract 46A, NORMANDY' GOLF COURSE SUBDIVISION, according to the plot tfiereof, recorded in PI~d Book 44.ot Pogo 62. Public Records ot Miami-Dode County, Florida. Sold poInt also known 05 tho northwest corner of Lot 18, SUBDIVISION OF TRACT 46-A OF' NORMANDY GOLF COURSE SUeDrVlS'ON. recorded in Plot Book 5:>. at Poge 95. Public Records of Miami-Dade' County, Florida; thenco,. from the northerly line of laid rroct "SA. deflecting 79' 36' 34R to the left to the tangent of 0 circular curl/. concave to the southeast, having Q centrol ongle of 12' 52' 32" and a rcdiUB of 2225.00 feet and run along the ore of soid curvo for 0 distance of 500.00 feet to the POINT OF BEGINNING of lhe troct of land heroin described. SoJd point being the southwest corner of Lot 1, Sleek 65, NORMANDY GOLF COURSE . SUBDIVISION, recorded in Plot Book 44. at Page 62, Public. Records of Mlami-Dode County, fJorida; thence North 76" .30' 00" East, olong the south . line of soid lot 1 for a distance ot 182.99 feet to the southeost corner of :soid lot 1; thence South 24' 39' 44. West, along the sQuthMly edensionot ..the eost line of soid Lot 1 for a distance 0' 79.47 feet to a pOint of . tangency; thence run clong the orc of 0 curve COflcove to the southeast. .hoving Q central ongle of 3'12'.33" and 0 radius of 544.71 feet for a . distance of 30.51 feet; thence South 85' 12' 32" West for 0 dIstance of 152.11 feet; thence along the arc of (I curve concave to the sou theosl, whose rodius beors South 75' 59' 45" East having 0 cenlrol angle of 01' 52' 23- aoda radius of 2225.00 feet for 0 distance of 72.73 feet to the POINT Of BEGINNrNG. Sold lands located. lying ond being in the City ofM/ami Beach, Miarryl-Oode County, Florida. INDIVIDUAL(s) OWNER'S AFFIDAVIT NON-FOREIGN CERTIFICATE AND REOUEST FOR TAXPAYER IDENTIFICATION NUMBER STATE OF Florida COUNTY OF Miami-Dade BEFORE ME, the undersigned authority, personally appeared David Dermer, Mayor and Robert Parcher, Clerk of City of Miami Beach, a Florida municipal corporation on behalf of the corporation (the "Seller"), (" Seller" refers to singular or plural as context requires) who, first being duly sworn, deposes and says: A. OWNER'S AFFIDAVIT 1. Seller is the owner of the following described property (the "Property") : SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED BY REFERENCE HEREIN, Street Address: 2620 Biarritz Drive, Miami Beach, FL 33139 2. There is no outstanding contract for the sale of the property to any person or persons whomsoever, nor any unrecorded deed, mortgage or other conveyances affecting the title to the Property. 3. There are no liens, encumbrances, mortgages, claims, boundary line or other disputes, demands or security interests in, on or against the Property or any goods, furnishings, appliances, fixtures or equipment now installed in or which are to be affixed to the Property; (except for mortgages described in the deed given by the undersigned); that there are no unpaid taxes, levies, assessments, paving liens or utility liens against the Property (other than real estate taxes for the current year) . 4. There have been no improvements made upon the Property wi thin the past ninety (90) days for which there remain any outstanding and unpaid bills for labor, materials or supplies for which a lien or liens might be claimed by anyone. Las... Gen.....ed by C Display Systems. Inc.. 2003 (863)763.5555 Form fLAFF.S Owner's Affidavit - Page 2 5. There are no matters pending against Seller which could give rise to a lien that would attach to the Property during the period of time between the effective date of the title insurance cornmi tment and the time of recording of the instruments evidencing the Buyer's fee simple or other interests in the Property; and that the Seller has not executed and will not execute any instrument that would adversely affect the title to the Property from the date of this Affidavit forward. 6. There are no judgments, claims, disputes, demands or other matters pending against Seller that could attach to the Property. Seller has complied with the Florida Sales Tax laws where applicable. Seller acknowledges responsibility for water, sewer and electrical consumption charges through date of closing or occupancy by Buyer, whichever first occurs. 7. Seller is in sole constructive or actual possession of the Property and no other person has any right to possession of the Property, or asserts any claim of title or other interests in it. 8. Seller represents there are no violations of governmental laws, regulations or ordinances pertaining to the use of the Property. B. NON-FOREIGN CERTIFICATE AND REQUEST FOR TAXPAYER IDENTIFICATION NUMBER Section 1445 of the Internal Revenue Code provides that a transferee ("Buyer") of a U.S. real property interest must withhold tax at a rate of 10% of the amount realized on the disposition if the transferor (" Seller") is a foreign person. To inform the Buyer that withholding of tax is not required upon the disposition of a U.S. real property interest by the Seller, the undersigned hereby swears, affirms and certifies the following as or on behalf of the Seller: 1. Seller's Legal Name Is: City of Miami Beach, a Florida municipal corporation 2. Seller's Home Address or Office Address if Corporation, Partnership or Trust: 1700 Convention Center Drive, Miami Beach, FL 33139 3. Seller is not a non-resident alien ( if individual) or a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations) . In connection with the sale or exchange of the Property you are required by law to provide JOEL N. MINSKER, ESQ., BLOOM & MINSKER, P.L. with your correct taxpayer identification number (TIN). If you do not so provide your TIN, you may be subject to civil or criminal penalties imposed by law. L05<' Generated by Cl Display Systems, Inc., 2003 (863) 763-5555 Form FLAFF-5 Owner's Affidavit -Page 3 4. Seller's Taxpayer Identification Number: (TIN or SSN for Individuals) City of Miami Beach, a Florida municipal corporation 59-6000372 5. For purposes of reporting this transaction to the Revenue Service on Form 1099-S, the property is (check one) : Internal Seller's Principal Residence x Other Real Estate This taxpayer identification number is being provided in connection with a real estate transaction. The undersigned understand that this Certificate may be disclosed to the Internal Revenue Service by the Buyer and that any false statement contained herein could be punished by fine, imprisonment or both. Under penalties of perjury, I declare that I have examined this certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document as or on behalf of the Seller, and that the number shown on this statement is Seller's correct TIN. Seller states that this instrument is given for the express purpose of inducing 2620 Biarritz Drive, LLC, a Florida limited liability company to purchase the Property and to cause JOEL N. MINSKER, ESQ., BLOOM & MINSKER, P.L. as agents for Attorneys , Title Insurance Fund, Inc. to insure title to said property. This Af idavit is made under the full understanding of the law regarding liab' ty for any misrepresentation herein. DATED this 4th day of April Florida D Dermer, Mayor BY:I:::t~~~~. 1~"I_JJ .a9:Ber~ Parefter, CleJ!'k L.' \.6;.JYI ~I~d,'bef~ 'rqeyl' (Corporate Seal) STATE OF Florida COUNTY OF Miami-Dade Sworn to and subscribed'lbef}>'H~hmt=A this 4th day of April David Dermer, Mayor and 'fte~'err~tiaj.eAe~\'C:lerk of City of Miami Florida municipal corporation on behalf of the corporation who are personally known to me or who have produced t eir driver's license as identification. , 2005 by Beach, a Florida APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ~~Uf'", /~A.f~ ;*: :*E ~ ~I~f.;;.~*;i () .., ...f....- oty """'I' ~ ~~.........o.....,,_,~. _ ,."m."" -~., MIRIAM M. MERINO MY COMMISSION 1/ DO 263315 EXPIRES: November 15, 2007 IlondId Thru NaIIry Public: UndIrwriIIrI EXHIBIT A LEGAL DESCRIPTION Commence at the northwest corner of lroct 46A, NORUAND'r" GOLF COURSE SUBDIVISION, according. to the plot tHereof, recorded in Plg,t Book 44, at Poge 62. Public Recorda ot Miami-Dode County, Florida. Sold po'nt 01110 known as the northwest corner of Lot 18, SUBO.IVlSION OF' TRACT 46-A OF NORMANDY GOLF COURSESUBD1V1SION, recorded in Plot Book 5':>, (;It Poge 95, Public Records of Miami-Dade' County, Florida: thence, from the northerly flne of laid Troct 46A. detlecting79. 36' 34M to the left to the tangent of 0 circular curve concave to the southeast, hOlfing 0 centrol ongle of 12' 52'. 32M and 0 radius of 2225.00 feet and run along the orcot said curve for 0 dlstanco of 500.00 feet to the POINT OF' BEGINNING of the tract ot land herein described. Sold point being the southwest corner of Lot 1. Slock 65, NORMANDY GOlf COURSE 5UBDI\'1SION. recorded in Plot Book 44, at Poge 62, Public Records of Mlami-Dode County, Florida; th<<lce North 76'30' 00. East, oloog the south '.line of scid Lot' for d. distonce of 182.99 feet to the southeast corner of ;soid Lot.'; thence South 24' 39'44M West, along the southerly extension of .,theec:Jt Hne of said Lot' for 0 dislanceot 79.47 feet to 0 point of . tangency; thence run along the ore of 0 curve COflcoveto the southeost, , having 0 central angle of 3'12' 33" and a radius of 544.11 feet tor a . distonceof 30.51 feet; thence South 85'12' 32" Wost for adlstonceof 152.11 feet; thence aloog the arc of a curW! concave to the southeast, whose radius bears South 75' 59' 45" East having a. cen lrol angle of 01' 52' 23" onda radius of 2225.00 feet for 0 distance of 72;73 feet to the POINT Of BEGINNING. Said lands located. lying and being in the City of Miami Beach, Miorryl-Dade County, Florida. SUBSTITUTE FORM 1099-S COpy B If u v u ti ns II IN' k r 3 71 8 FILER'S name, street address, city, state, ZIP code, and telephone no. JOEL N. MINSKER, ESQ. BLOOM & MINSKER, P.L. 1110 BRICKELL AVENUE 7th FLOOR MIAMI, FL 33131-3107 FILER'S Federal identification number TRANSFEROR'S identification number 65-0767880 59-6000372 TRANSFEROR'S name City of Miami Beach, a Florida municipal corporation Street address (including apt. no.) 1700 Convention Center Drive City, state, and ZIP code Miami Beach, FL 33139 Account or escrow number (see instructions) CMBAUCT Form 1099-S ( ) CORRECTED (if checked) I Date of closing OMB No. 1545-0997 4/4/2005 Proceeds From Real Estate Transactions 2 Gross proceeds 2005 $1,942,500.00 Fonn 1099-S 3 Address or legal description Copy B For Transferor This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this item is required to be reported and the IRS determines that it has not been re rted. Department of the Treasury - Internal Revenue Service 2620 Biarritz Drive Miami Beach, FL 33139 4 Transferor received or will receive property or services as part of the consideration (if checked) => ( J 5 Buyer's part of real estate tax $0.00 Instructions for Transferor (Keep for your records.) For sales or exchanges of certain real estate, the person responsible for closing a real estate transaction must report the real estate proceeds to the Internal Revenue Service and must furnish this statement to you. To determine if you have to report the sale or exchange of your main home on your tax return, see the instructions for Schedule D (Form 1040), Capital Gains and Losses. If the real estate was not your main home, report the transaction on Fonn 4797, Sales of Business Property, Form 6252, Installment Sale Income, and/or Schedule D (Fonn 1040). Federal mortgage subsidy. You may have to recapture (pay back) all or part of a federal mortgage subsidy if all the following apply: . You received a loan provided from the proceeds of a qualified mortgage bond or you received a mortgage credit certificate, . Your original mortgage loan was provided after 1990, and . You sold or disposed of your home at a gain during the first 9 years after you received the federal mortgage subsidy. This will increase your tax. See Form 8828, Recapture of Federal Mortgage Subsidy, and Pub. 523, Selling Your Home. Account number. May show an account or other unique number the payer assigned to distinguish your account. Box I. Shows the date of closing. Box 2. Shows the gross proceeds from a real estate transaction, generally the sales price. Gross proceeds include cash and notes payable to you, notes assumed by the transferee (buyer), and any notes paid off at settlement. Box 2 does not include the value of other property or services you received or are to receive. See Box 4. Box 3. Shows the address or a legal description of the property transferred. Box 4. If marked, shows that you received or will receive services or property (other than cash or notes) as part of the consideration for the property transferred. The value of any services or property (other than cash or notes) is not included in box 2. Box 5. Shows certain real estate tax on a residence charged to the buyer at settlement. If you have already paid the real estate tax for the period that includes the sale date, subtract the amount in box 5 from the amount already paid to determine your deductible real estate tax. But if you have already deducted the real estate tax in a prior year, generally report this amount as income on the "Other income" line ofFonn 1040. For more information, see Pub. 523, Pub. 525, and Pub. 530. YOU ARE REQUIRED BY LAW to provide your correct taxpayer name and identification number for the transaction described above to: JOEL N. MINSKER, ESQ. BLOOM & MINSKER, P.L. If you do not provide your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law. UNDER number is PENAL TIES OF PERJURY, I certify that the above information, including my taxpayer identification ect, and that I have received a copy of this statement. ach, a Florida municipal corporation File #: CMBAUCT ~:~ ~LJ4, ' ~Q9Jt Parskfll', Clluk L... ['I o.rn "R,++',dd I "bef"'1 ~k IOTA - TRUST ACCOU NT DATE Apr 4/2005 CHE # 5353 AMOUNT: $1,831,501.00 ACCOUNT: TRUST - 2 PAID TO: City of Miami Beach, a Florida municipal corp. 76u.v~ ~~,nj) Z~ OC~.i-l Cew.- I J,I A'(); I,. ) 4 - 4 - oS Sales Proceeds on M#97052-13 City of MB/Sale Margules CLIENT: MATTER: 97052 - City of Miami Beach 97052-13 III 0 0 5 3 5 3 III I: 0 b 700 g b ~ b I: 0 0 5 SO 5 ~ 7 2 bill .. ---~-.- -- - -- -. -".....-. . _H___U_. _._'__ ____.__. --_._-- . -.-- --- _.H__.__ ____._ ,." .. LAW OFFICES OF BLOOM & MINSKER IOTA. TRUST ACCOUNT 4/2005 Apr 5353 ** GENERAL BALANCES UNBILLED DISBS: A/R BALANCE ** DATE CHE # AMOUNT: $1,831,501.00 ACCOUNT: TRUST PAID TO: City of Miami Beach, Sales Proceeds on M#97052-13 97052 City of Miami Beach MATTER: 97052-13 LAWYER: JOEL N. MINSKER 4TH Floor 1700 Convention Center Drive Miami Beach FL 33139 Property Auction 0.00 0.00 2 a Florida municipal corp. City of MB/Sale Margules ** TRUST BALANCES Trust Acct 1: Trust Acct 2: ** 0.00 8299.38 TRUST BALANCE 8299.38 NEBS.. INC. GROTON. MA 01471. TO REORDER PHONE TOLL FREE 1 800-225-9550 5353 f'Nl1Nt'l a9 USE WITH 1310 OU-Q-VUE ENVElOPE. IOTA TRUST ACCOUNT DATE Apr 4/2005 CRE # 5345 AMOUNT: $15,424.00 ACCOUNT: TRUST - 2 PAID TO: Fisher Auction Co., Inc. Cost Reimbursement M#97052-13 City of MB/Sale Margules CLIENT: MATTER: 97052 - City of Miami Beach 97052-13 II- 0 0 5 :i ... 5 III I: 0 b '70 0 g b ... b I: LAW OFFICES OF BLOOM & MINSKER IOTA. TRUST ACCOUNT 4/2005 DATE CHE # AMOUNT: $15,424.00 ACCOUNT: TRUST - 2 PAID TO: Fisher Auction Co., Inc. Cost Reimbursement M#97052-13 City of 97052 City of Miami Beach MATTER: 97052-13 LAWYER: JOEL N. MINSKER 4TH Floor 1700 Convention Center Drive Miami Beach FL 33139 Property Auction Apr 5345 "'ODUCT tcI3I USE wmt 1310 DU-D4VUE ENVELOPE. r-:J~ ~~;.J -- '~1'''' J" <.Ie. I ~C~J.~~tk 4 - t- 05 ** GENERAL BALANCES ** UNBILLED DISBS: A/R BALANCE MB/Sale Margules ** TRUST BALANCES ** Trust Acct 1: Trust Acct 2: TRUST BALANCE NEBS. INC. GROTON. M" 01471 10 REORDER PHONE TOLL FREE 1 BOO.22S-9'5SO 0.00 0.00 0.00 1956649.13 1956649.13 5345 IOTA. TRUST ACCOUNT DATE Apr 4/2005 CHE # 5347 AMOUNT: $46,250.00 ACCOUNT: TRUST - 2 PAID TO: Fisher Auction Co., Inc. -2~" 4) ~;~'r; K- C I .\:e....,~ \J 0 A.~; \ ~ 4 - 4 - ()5 RE Commission M#97052-13 City of MB/Sale Margules CLIENT: MATTER: 97052 - City of Miami Beach 97052-13 III 0 0 5 :l ... 7"- I: 0 b 70 0 q b ... b I: 0 0 5 50 5 ~ 7 2 b III ~M' LAW OFFICES OF BLOOM & MINSKER IOTA. TRUST ACCOUNT 4/2005 DATE CHE # AMOUNT: $46,250.00 ACCOUNT: TRUST - 2 PAID TO: Fisher Auction Co., RE Commission M#97052-13 City 97052 City of Miami Beach MATTER: 97052-13 LAWYER: JOEL N. MINSKER 4TH Floor 1700 Convention Center Drive Miami Beach FL 33139 Property Auction Apr 5347 ** GENERAL BALANCES ** UNBILLED DISBS: A/R BALANCE 0.00 0.00 Inc. of MB/Sale Margules ** TRUST BALANCES ** Trust Acct 1: Trust Acct 2: 0.00 1864149.13 TRUST BALANCE 1864149.13 NEBS.. INC. GROl"ON, MA 01411- TO REORDER PHONE TOL.l FREE 1 800.225.9550. 5347 _OUCT 91131 uS( W1TH _ DU.(J'VUE eNVELOPE.