HomeMy WebLinkAbout03 Escrow Agent Direc.Letter
.<.r
......
6)
ESCROW AGENT DIRECTION LETTER
May~, 1999
Chicago Title Insurance Company
500 W. Cypress Creek Road, Suite 100
Fort Lauderdale, Florida 33309
Attn: Jim Harvey
Re: Escrow Agreement (SSDI North Parcel) dated January 10, 1996 (the "Escrow
Agreement") by and among The Miami Beach Redevelopment Agency
("Transferor"), West Side Partners, Ltd. ("Transferee") and Chicago Title
Insurance Company ("Escrow Agent")
Ladies and Gentlemen:
The undersigned, being the respective legal counsel to Transferor and Transferee,
hereby advise you that Transferor and Transferee have resolved their disagreements regarding
the delivery and recordation of the Special Warranty Deed for The SSDI North Parcel which you
are holding in accordance with the Escrow Agreement. In that regard and pursuant to
Paragraph 2 of the Escrow Agreement, we have enclosed a revised Exhibit B to the Special
Warranty Deed (list of permitted exceptions) which has been agreed upon by both Transferor
and Transferee. You are hereby authorized and directed to attach said Exhibit B to the Special
Warranty Deed. We have also enclosed those certain documents listed in Schedule 1 attached
hereto (the Special Warranty Deed and said closing documents are hereinafter collectively
referred to as the "Closing Documents"), together with a check made payable to "Chicago
Title Insurance Company" in the amount of $68,167.15, to reimburse Chicago Title Insurance
Company for the cost of recording same and the documentary stamp tax and Miami-Dade
County Surtax due in connection therewith.
Notwithstanding anything to the contrary contained in the Escrow Agreement, that
certain letter dated July 7, 1997 from Transferee to Escrow Agent and/or that certain letter
dated July 10, 1997 from Transferor to Escrow Agent, we request and hereby authorize and
direct you to immediately and unconditionally record the Closing Documents in the sequential
order appearing on Schedule 1 attached hereto, and upon accomplishing said recording, all
parties to the Escrow Agreement shall be deemed released and relieved of all further
obligations and liabilities under the Escrow Agreement.
We thank you for your continued cooperation in this regard.
COUNSEL TO TRANSFEROR:
COUNSEL TO TRANSFEREE:
By:
Name: T
~
~
SCHEDULE 1
1.
2.
3.
4.
5.
6.
7.
Certificate Canceling Final Order (1 page)
Corrective Termination of Assignment of Leases and Rents (2 pages)
UCC-3 Statement of Change (Termination) (2 pages)
Partial Release of Mortgage (7 pages)
Partial Release of Marina Lease (7 pages)
Release of Washbowl Lease (3 pages)
Special Warranty Deed (4 pages)
Documentary Stamp Tax on Special Warranty Deed
Miami-Dade County Surtax on Special Warranty Deed
Release and Termination of Easements (5 pages)
Termination Agreement (14 pages)
Release and Consent (14 pages)
Grant of Baywalk Easement for SSDI North (18 pages)
Documentary Stamp Tax on Grant of Baywalk Easement
Miami-Dade County Surtax on Grant of Baywalk Easement
Satisfaction of Mortgage and Judgments (2 pages)
Waiver of Riparian Rights for SSDI North (5 pages)
Grant of Easements (150 Foot Easement) (28 pages)
Documentary Stamp Tax on Grant of Easements
Miami-Dade County Surtax on Grant of Easements
Release of Access and Utility Easements (1 page)
Access and Utility License and Removal Agreement (21 pages)
Washington Avenue Extension Agreement (31 pages)
Release and Modification of Easement Agreement (8 pages)
Grant of Easement for SSDI South Drop-Off Parking (27 pages)
Documentary Stamp Tax on Grant of Easement
Miami-Dade County Surtax on Grant of Easement
Staging Area License (8 pages)
Amended and Restated Parking Agreement (21 pages)
Amended and Restated Baywalk Easement for SSDI South (17 pages)
Amended and Restated Waiver of Riparian Rights for SSDI South (7 pages)
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
TOTAL RECORDING COSTS:
6,00
10.50
10.50
33.00
33.00
15.00
19.50
38,280.60
28,710.40
24.00
64.50
64.50
82.50
.60
A5
10.50
24.00
127.50
.60
.45
6.00
96.00
141.00
37.50
123.00
.60
A5
37.50
96.00
78.00
33.00
$68.167.15