95-21472 RESO Incomplete
RESOLUTION NO. 95-21472
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA RATIFYING THE
ACTIONS OF THE MIAMI BEACH REDEVELOPMENT
AGENCY ("AGENCY") IN AUTHORIZING THE CHAIRMAN
AND SECRETARY TO EXECUTE THE ATTACHED
CONTRACT PROVIDING FOR THE PURCHASE BY THE
AGENCY OF THE GROUND LEASEHOLD INTEREST IN
THE SHORECREST HOTEL, 1535 COLLINS AVENUE,
MIAMI BEACH, FLORIDA, WHICH PERTAINS TO A
REDEVELOPMENT PROJECT WITHIN THE CITY LIMITS,
AND AUTHORIZING THE AGENCY TO TAKE ALL
INCIDENTAL ACTIONS IN CONNECTION THEREWITH.
WHEREAS, the Shorecrest Hotel, 1535 Collins Avenue, Miami Beach, Florida has
been identified as a portion of the site upon which an African-American owned hotel will
be built; and
WHEREAS, the hotel will promote convention center and other tourism business
in the City of Miami Beach; and
WHEREAS, as with the acquisition of real estate in connection with the hotel project
being negotiated with Loews Hotel Corp., the Agency desires to acquire the land where
the African-American hotel project will be built to facilitate the development of the hotel
project; and
WHEREAS, the ownership of the Shorecrest Hotel consists of a fee simple and a
ground leasehold interest; and
WHEREAS, the Shorecrest Hotel is located within a redevelopment district within
the City limits.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the actions of the Miami
Beach Redevelopment Agency in authorizing the Chairman and Secretary to execute the
attached contract providing for the purchase by the Agency of the fee simple interest in the
Shorecrest Hotel, 1535 Collins Avenue, Miami Beach, Florida, which pertains to a
redevelopment project within the City limits, and in authorizing the Agency to take all
incidental actions in connection therewith are ratified.
PASSED and ADOPTED THIS 18th day of January 1995.
MAYOR
ATTEST:
CITY CLERK
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FORM APPROVED
LEGAL DEPT.
~
By J 6--::)
H~~<;~
Date
2
PmlCIL\BAND'IIA1&~
DRAFT
1'IdI Pllr.......1lII Sale ~ I r (lJIa . "In ""), dmIl . 1995 by aIIIl
1><<-.- IGNACIO AJIlDRIlS .... t:IQRI'.. UZAMA ~1tl'O"Q, Qt.Tt t .... TraIl
"-'__ ..... -.-..- 29, U'7' ("Sell."). aIIIl MIAMI aA.CB IlEDEVELOPMENT
AGENCY, a Florida IIIIDIic:ipal ""'l""tti04 ("BuJer"):
WITNESSETH:
III _1d8raIkm of tile IIIIItUIl 1&<-' - ...... .. farIh 1M parliolI bInlo ... .. tb11owI:
1,
--"n,p~
""""-, 11Ie foI1owiDI- wIlea ued ill 1Iaia Aat-.l1hll111aYe Ibe foI1owiII&
1.1 .. .......~ 'Ibe A__ DMe IhII1 be tile J!ftIo<:d". DoIa.
1.1 IlJmiE. MIami Beada ~ AptJt:y, a PIodda """"...' corponduII.
1.3 B.,yer'. A""-l7. It........ '" A.-:y a-.t CoImMl, Clly of MIami
BeI<::b, 1100 CoIlWlllioD c=- Drive, MiamI BeIIdl, F10rida 33139.
1.4 r-" In Clooe. n_ balaDc:e oldie l'urdIMe Price oabject 10 die odJ... ,. 1114
pOl1ItioDa .. haelDIfter ~
1.5 Ol:IIia&, n_ delivery of 1lIe Deel1 IIIIl Olba' closiDa cIoo">lllMllll 10 Boayw
COIlWn'elIIIy with tho delivery of tho PI1rcIlue Price to 1lIe Seller: as IIereiIuIftec provided.
1.6 C1...u., Date. At 10:00 a.m. OIl die brer of . 1995 or 0Il1be
day (or OIl die _ busiDea day thereafter if said _ day II _ on . ~ day) lit<<
1be Buyer has received lbe ~ A1Jdillbll deler:miIuKIlbe _ of IIIOIlO)' wbicll it reqDinI
10 be placed. in eICrOW 10 Nllsfy lb_ oblipliODs of tile 1eIler: 1IIlder 1be 0r0Imd ....... Conu-..::c (u
bcreiDafler UftDod) with reprd to relDDYaI &om die p.~ of die Advene ~ ~
(u c1mlned in die GrouDcI lAMe Conu-..::c) .. required UDIIer: tile Ground ....... ConIra<:t, or OD auell other
IIare as c1..-miDed ill ~ with thlI AJAOIDlIIl.
1.7 nml. A ~WllmlltJDeed fromSel1erlDBuyer IIIll TilI_CompaIly wbicll
conveys 1be P'I..,.e<l1 from hIl..lD Buyer,
1.' Rm...;n Date. 1be J!&cttte DIIe dW1 be Ibe IcM IIare tblI Ap_ Is
euc:uud by ei1b<< Buyer or Sell... DDtwl1I>.......;ftl tba tblI Aar- dW1 bave been dad tile IIare
first writtoa Ibove.
1.9 Gcr......~.,uJ AntII..-a1n~',- AD1 federal, ~ coaIItJ'. ~... or odMw'
p........emaJ cIcp.-, eaIiIy, 1IIlIlorily, -....... boInI, ~, coarl, Iplq' or Illy
iDIIrumemaJity of any of dI.... wbkII .... jurisdktioo ov. tile Seller, lbe Buyer or die p,.....,ny.
1.10 nnv.&.......~.1::I1 Rllftni1'ttfNlJllt(cl. ADJ law. ~. staIIda. code. ord"--\
rule. recu1allon, F<lv'-. c1ecree, writ, IDjwIcdon, fraDcIIlIe, per:mlI. cadlIcoIe, 1icmoe, oulborIr.IIioa,
aa<-.t, or other dlrec:tIon or requiremom of Illy Gov_--a.oI A1IIborlty DOW ~ or hllrelfter
OIlllCteCI, adoprec1. promulptecl, -.s. or iuued oppIicable 10 die Seller:, 1be Buyer or 1be P'I..,.arty or
10 Illy lIppUlteuaDCe. S1ructure, use or fac:iliIy, on or Idj~ 10, or proposed D, 1be P>..,...ny.
1.11 Pei rLLlllM PrC1ebtiona. ?amiIIed FY. ~. JDe8DI dIoIe III&Uen let fbrIb 011.
Exb;t,;. 'S" lIUached berm> IIDII -.. . part berear. .. .- may be _,........... ill a<:cor1Imace wilb
PIra&nPh 4.2 of tblI .....-. .
1.12 P>~ I), The lmd lepI17 deIcribcd in-- " A" lIIIa<:bal berelo llhe "Laud")
\Dpdler wI1It 1be P'I...,eny llJcba IIDIIlbe Penoaa1l'1operl:y (as cIeIIDaI beteiD).
~.1ZA
_u
1.13 P....n .,....., 11le P1.~1) tipIs _ oil of SeDer". ripI., ~ IIld
~ '! a1IJ, ill """ 110: all ~ IIId Impnw_ onu l.aad; all _. be<od_.
rf&bta. privIIeaCIIIIId ~ rebIlq or hodn..,;.., 110 tile Load or ill uywiIe oppc.uiDInr. any
IIId III _-'1; III ..... aDd _er _ aDd __ IIId ...._ .... rf&bta IIId IIW-_; IlIIlOr11l
WIler cInlIIap. .... riIlJIo IIId lIJ.......n...; IlIl1lil1ly bDOIaIp """...w:e riIbJa; all JlDIS, rf&bta or otber
~ ~ die Load or COIIIpriaIq die PormIIred ~""P"o...; III permIla, 1_ aDd _
of riIbt. ""'" ezlIlIni or beroafter IIiaiDi: with I'OIpCI:lIlo !be l.IIId; any lIIId Iyioa ill !be bed of ...,.
lllrlllll. road or av_1, opened or propoud, ill ftOIll of or Idjnnm., die LIIId, 10 die _ 1iIle tbllftlof,
aDd 10 any atripo or ....... odjoiDlD& Ihe Load or a1IJ port d1a'eof; &lid, IlIbject 110 !be prcMsiooa of tbil
"Ireement. any aDd alllUllll of IIIOIIey IIId rf&bta II> nceive ~ wIIidl SeIJer boa << may acquire by
reaaon of tile tIkIni by lawfbl mlhorlty duoup IlUI'claa of IIIIIDent doaIaiD or deed << ..- ia 1*
1hereof oflny ripb, property or 1binc of-..lue cIeIcribed.... or IIIJ port lbereof, ....lnd"'a IIIJ awatd
or paymmtt made or II> be made by _ of lIle clwl&o of arIdo of any _. SeIIIir lIbaIl aecute IIId
deliver 10 BIlyoc, II ClOIinI aDd an~ d1creafter on d_..... all propet iDItr..- for lIle CODveyaDeO
aDd -'Il""'- of IIIch lido IIld the ...IV- """ collection of iIIIJ IIICb award. wIlich COIIVO)'a1lCe sba1l
be froo IIld ~ of InY Ileal. clolmo, ~""'-nd"" billa IIId ~.
1.14 """,,....1 ~. TbII we Il1o iDdudlllll peaonal pIOpCIt:y ("Penanal P>updt)'j
IiblaIed on or use4 in """"""'" w1tbllle ~of_n._. ............1IId -uIp of tbe Sbonlcrat Bolel
("Hotel") """ the Propett)'. At tile time of CIosiDa !be Seller sba1l cIeIlver IiO Buyer . BlU of Sa1e, quit_
dlli:mlD& any ioterat it may have ill tile Pcnonal.....,...cy. Tbe Penonal p,_"I) iDdlldes all penoIIal
prope<ty,lno:ludiD&, but DOt be Iimiled IiO thal.......-1)' IIIIadlo4 10 ~ IiO or _ ia ~n~
with the Property. 'Ibe Paaoual Propc<t)' iDduded ill tbiI 1110. widIoulllmillDa 1be JCIIIftIity of tile
forecoiDg, are auc:h til<bms IIId anicleI of penoIlI1 property 'n"),,di"l ftuDIDus, fUrn1p"'p. n-.
cIisbes, plumbiDg. beatiD&. \labIInI. air """"1tWol"l fixIut.. IIld anIIo, &ipI, ""l"1p- uoed in
~.I_ln"" Ihe Hold. tln.......t boob aDd RCll<lk of tile JIGceI, IndudIDc. but DOt IiIlIDd II> illig
returDs filed recmIiD& Income aacllou of the Bota, bot w_ heaten, awniDp, I10tDl __, mall
boxes, pumps, shrubbery aud OIltdoor ataIlWy; 1l1e name "Sborecrest RotoI", Uld all riabU of SeI10c ill
IIld to any IIld 1111_, 1lIb1elses. pcmiIs, 0-, dcpoaiD, ~ _. --.... """""P'~.
IIld grllDlS of rI8bt made by Sdler or II any time acquired by Seller in reopa:t of III hnMI"""
improvemallS....~.dd..._.inleteIIIorr\JhtaorlllyportdJereof.1IId all .-, iaa1Iea aacI
pofita 1rialD& from << lilt of melt 1_, IlIbl..... lie-oa. -.ncl.... o<x>"......- """ gr.u of ripl
!lOW Ol<iotin&, ""'-<r'.-nt\y creared ia reopec& of the Property, up IiO aDd ~h"''''' 1be c:1osinc dIte.
LIS fIn'cb- PrIee. SI,soo,OOO.
1,16 SIIIIIl. IGNACIO ANDRES aa4 GISELA .17AIIA CARDOMA. eo-no-
uDder Truat A..- c1IIed J:'oo _~L_ 29, 1976.
1.1'7 ~1"'. Attomey _ JIIlIn P. Lollmicl. Esq., GlOCllber&. ~,BoflinIII. UpoIf,
Rosen &; Quenllll, P.A., 1221 BricbIl A-. M\ImI, PIDrida 33m, (3O:S) ~.
1.11 Tid~ CU.......:I....cN TIde C(lfto....:. -.... maaa 1bIl1"'itle IDIuruc:c r~;-- -
10 be issued by 1be TItle Company llIrou&b lis dldy IldborIzed .,.. II aaIecIed by su,.. propooiDc 10
IDsareBuyer's purcbue of1bel\openy. Buyer may _ lpo fonDa """""I........ or _ofdllenplfl
u the TItl6 CO...._n-iI!N'
1.1\1 Tide (".omnl'll'- 'l'bo Tille Company illUdl ALTA IIIOIIIbIr lide IIIlderwlib.
aaIecIed by BRyer.
1.20. Tide Poll<:1. AD ALTA Foan B (molt ~ lIIIIfbabilil:y fonD) _'slide
iIIsuIaD<:e poliq<, issued purauaot to 1be TIlle 0-..,;....... willa tile Il&Ddard - qJ'''- doler.ed \ncInd"'&
"'''''J''lnno tbr _y __ 1be lOP, putIea in r.trVoI1 """ liens. wbioh tide policy sba1l be ia tile
llIIlOWIl of Ihe Purc:IlllIo Price, I-.rio& Buyer's tide 10 the PIoperty, IlIbjoct 01lly to 1be Pe.wiIrool
..~~,
2. Po""".... llIId Sill.. Sell....... to adI aa4 Ct1IWey the P>qlv.1)' 10 Buye< IIId BRyer
oar- ID purd1ue aa4 ocqulre tile p,updt)' frvm Sella' OlD !be _ aa4 ClOIId\tIou bcuin lot forth.
3. ....-- Pric:e. The Purdwo Price aba11 be SI,5OO,ooo, IlIbject to prondona aa4
Idjuatmeml.
_~.I2A
-..
-2-
4. Evidence of Tille.
4.1 Tille Commitment: Buyer shall promptly cause the Tille Company throup ita
duly authorized agent, Kroneold aDd Todd, 10 issue a Tille Commitment. The TItle Commitment shall
name the Buyer as the proposed insured, shan provide for the proposed issuance of a Title Policy for the
full amount of the Purchase Price and shall provide for the Title Company 10 insure the "gap" upon
delivery of appropriate documentation by Seller or Buyer or both, as applicable, and the deletion of the
standard printed exceptions upon delivery of the customary documentation from Seller.
4.2 Examination of Title. Buyer shall send 10 Seller's Attorney a copy of the Tide
Commitment prompdy after Buyer's receipt and, within IS days after receipt of the Title Commitment,
Buyer shall notify Seller in writing of any objections to tide (the "Tide Notice"). All exceptions in
Schedule B-Section n of the Title Commitment not raised as objectionable by Buyer shall be deemed
"Permitted Exceptions" aDd Exhibit "B" of this Agreement shall be deemed to be supplemented to include
same. Seller shan have 30 days from receipt of Buyer's Title Notice within which to cure or altempt to
cure the title objections and Seller agrees to use its best efforts to do so and Seller shall be obligated to
cure or correct any title objections, including encumhrances, mortgages and liens that can be cured and
paid or satisfied at the time of Closing. Tide objections requiring payment of money to cure shall be paid
by Seller from its own funds prior 10 Closing or from the cash to close at Closing. If Seller is
unsuccessful in curing and removing such tide objections to the satisfaction of the Tide Company and
Buyer within said 30 day period, then Buyer shall have the option of either (a) terminating this
Agreement, or (b) accepting the title in its existing condition with a reduction in or credit against the
purchase price for any existing mongages, liens, encumbrances and any Seller created tide objections (or
title objections arising out of an agreement to which Seller is a party or which is known to Seller),
whether or not currently existing, which can be cured, removed of record or satisfied by the payment of
a liquidated sum. Seller agrees and represents that it will use good faith best efforts to correct all such
title objections, including curing or satisfying all Schedule B-Section I requirements and removing
Schedule B-Section n exceptions which are not Permitted Exceptions, within the time periods set forth
in this Paragraph, but in any event hy Closing, all of which shall be continuing obligations of Seller.
Buyer may update the tide and the Title Commitment before Closing and Buyer may raise as tide
objections in a subsequent Tide Notice any matters revealed by such update and Seller shall cause same
to be cured, removed of record or satisfied within 30 days from the date of receipt of the subsequent Title
Notice and otherwise as required above. In such event, the Closing Date shall be reset to a date set forth
in Buyer's subsequent Tide Notice within 60 days from the date of such notice. Upon timely curing the
title objections, the Seller may, upon at least (10) business days prior wrilten notice from Seller to Buyer,
reset the Closing Date to another business day not to exceed 30 days after the curing of the title objection.
Buyer shall not have the right to object to title by reason of any title mailer which is caused by Buyer.
4.3 Title Policy. The Title Policy shall be issued by Krongold and Todd, as agents
for the Tide Company, pursuant to the terms of the TIde Commitment, as endorsed by any endorsements
issued subsequent to the effective date of the Title Commitment. All costs and expenses relating directly
to the Title Commitment (excluding the costs related to curing, removing aDd satisfying tide objections),
any endorsements, and the Tide Policy premium, shall be paid by Buyer.
4.4 ~.
A. Within S days from the Effective Date, Seller shall deliver to Buyer a copy of any
survey of the Land in its possession. The Buyer may obtain, at its expense, one or more surveys (the
"Survey") of the Land containing such details and certifications, and prepared under such format, as
Buyer may require. At Buyer's option aDd expense, the Survcy may be updated to show the location of
any tide matters of record, wbether or not same are Permitted Exceptions, and such other malters as
requested by Buyer or Title Company.
B. If the Survey (or any update thereof) shows any encroachment on the Land, or
that any improvement located on the Land encroaches on the land of others, or if the Survey shows any
other defect or objection to Buyer, including any malter which would affect either the marketability of
title to the Property or the use of the Property, such encroachment or defect or objection shall be treated
in the same manner as title defects and objections are treated under Paragraph 4.2 of this Agreement.
S. Seller's Representations and Warranties. Seller hereby represents and warrants to the
Buyer the fonowing matters. The representations and warranties shall all be true and correct as of the
Effective Date (except as specifically set forth below) and all true and correct as of Closing and shall be
certified, confirmed and updated by the Seller at Closing by delivery of a Certificate as of the Closing
RE\14721\OOI5\MD$NHOt.12A
9.so1l2
- 3 -
De! ill . tbrm -ohIy -.p'1W- III Buyer .. ol &ad ....... the dale oL CIaoIaa llad .. _
Inob.,_ III the IkIyer III CIoae __ dI\a Ap_
5.1 Seller'. A_V - Perftmn_ Seller hu 1ep1 ricJat _ abDlI:7111 MIl tba
Property punuam to Ibis AIr-. 11le --..1-- &D4 deliv.., of dais AIJ-.- by SeI1er llad die
~,~""^"' by Sell.. of the lnDIIl:tiolls ~"'"'"'1p1aled by Ibis AIreemoat are wilb!Il Sell..... ~
&D4 10 roquiaire aaion, COlpOl* &D4 0lIlerwiae, .... .... IIba to IIIIkD dI\a AIreemoat YI1illIlld
biDdiD& on Sell..., Sell.. wD1 prolllptly pay for, perlima &D4 COIIIpIy wilh 10 _. ....-....
~ &D4 warnDIies ...-.1_'" ill Ibis ~
5.2 No 1...,.1 Bar. 11le -~oft by s.u.. oldl\a Aa<-- &D4 the """"._ "_
by Sell... of the ttaDIIClloDS hereby ror.......1aIed ..... IIlII, &Ild OIl the CIaoIaa Dale ..w -. _ III
. bceach of. 0< default lIIIller, IlIlJ ~ ocr-. 1-. ~ or obIlp11oa to wbIdl Sell..
Ia . pony &D4 which dfec:ts. all or uy pordoII of the J'>....,..tI. or to SoIlet'.Imo~ c:o__ .
viollllioa of my Governmeata1 Requirem-. 11le Property Is DOt the aubJect of . riIltt of ftat refnsol.
optioD. lease, use lIfeelllCd, or ~ to putcbase. or Illy re&trlctIoD 011 sale ill IaYor of IlIlJ odYr
petIOlI or .my.
S.3 Nt) Il8f!mt, nr IftU\w-.;y. Seller illIDt in defIu1t UDdClI' .., ;~-4"8. moRpp.
dead of lruSt, loaD. acr-. 1eue or olh.- acrcema& or oblipllon to whldo SelIe. Is a ~ which
aftCs my ponlDl> of the P>..,.-ty or the Seller'. abDIty to perform __ this Aar- Seller is DOt
inaolvODt aad wID DOt be readere4 lBso1vOlll by dI\a 1.&.- or the ........~....... of the ~
c;oDfJ>.1 1 J~ hereby.
5.. IiIII- SeIl...la the........ olthe Propedl ill fee aImp1e absaIute &D4 has JOOClIlld
marbtable title to the J'l~ty. ftee IIIlI cl_ Df all I*,- lIlClIIIlbrallc IIld natriClloDa of aDY kIDd,
except the PetmitrecI RY~ ODd ~ of recoa1 which, subject to PInBnP> ..2. ..w ...
paid by Seller from Ita 0_ fDDds at CIo&iaa 0< from die fwoIs delivered by Buyer at CIoIIIlt. TD
Seller'. bowlqe. the Seller is DOt . party to, IlIlCIdle Property is IIOt aftilcUd by. &D7 scnlcc,
nualnt,..nan,.-. Or ptope..'ti mablJflIDeDl IFecmeat. 4ed:IradoD. of CODdoftln.nn.. ~ 1wJmeo......IICl.....,
restrictive cov-. or aD)' _ or other aeroemeat of IlIlJ IdD4 eo<cqlt lboae deacribed III die
Permilted Exctpt!oas. ODd 110 such acr -- aDd ..........-. will be biD4Iac lIpDll the Propary or tba
Buy<< Df tba Property after CIoslag. The tocal of all debls. 1IlOtlIII... lleas aad CIICUIDbraD<:eIlffoctiD&
the Property .... 1_ Ibm tba Pw:c:Iwc Prlee IDd tba Cash to Close sIIa1l be appliod to JatIafy aDd faDy
pay Ii>< on such iIcms before ...y dlarlbudoa 1barcof III Sell.. Sell. abaI1 DOt fiInhco: .............
DIOn&ace or 11... the Property illlDY respect which wou14 preveDt OosiDa in ~ wilh tba_
Df Ibis Atr___
5.5 T bI-w. 1bere are lID ~ sulls. vioIadons. .~'"'~. daIma, IIOIIccI,
prow';..". or iDvesliptlons peadUta 0<. to lha lalowIed&e of Seller, Ihr..... apimt Sell... or the
J'l..,.ert) .........." IlIlJ poctioa of the Propeny.
5.6 _.. in --._cloD. 1ba are lID pan;. other dIaD SoIlet. Jacob l535
Propertiea. IDe. ("Gtoulld X-") IlIlCI pc<-. ...01....... by. lIuouab or __ the Gtoulld Laaee, III
poueuion of IlIlJ pDItion of the P>...-<ty IIlIl:COl'daDce wiIb this ~
5.7 SunriV1ll. 11le ~ npr-..... sbaIl be ltue .. of CIosiDa IIId
shaD ""Fessly survive the ClosiD& ODd the Closm, shaD 10>1 be deemed a waIv... of IlIlJ r......u.. lOr
SeUer DOt havio& completed or readered ltue IIId _ IlIlJ partkular .....-- or ......41'
6. Rqyer9s 1tf!l1'Wll'llM for Seller'. Patlure Df. R~ or WaI'nIItv,
6.1 If IlIlJ ~ or ....uA11el fonh in dI\a A8r- is _ _ IDd
c:oaec:t, theD Soller abaI1 DDtify Buy. ill wrltlD& wiIbIa. two (1) days after Sell.. -was oudl""""........
but in lID)' _ by CIosID&.
6.2 If, . CIosID&. any of Seller'. .+~""" ()C wartaDIi.. .. fOrth III dI\a
A&reemeot are _ true, dIaD Buy. IDl)' eiIhK; (a) _Ift"ft dI\a ~ by wriIIOD -x:e theroof
to Selle<. in which eveal on monies expended by Buy.. III coDDCClioll with 1hia ~ shaD be paid
by Seller to Buy. upon d........,. IDd wb1ch wriIIeIl DDtk:e sbaIl iDclude such supportiq data .
re&lOllllbly "e--c_ry. llad theteupoD th. panics shall ... relieved of all 6u1her obIIpIloDl UDder this
Ap"""*'l; or lb) elect III close UDder dI\a Acrccmoat DOtWIlI>........"" the failure of oudl ~
or .......,.. provId.d. bowev.. 1halIlDY such eloction by Buy.. abaI1_ be . waiver of. &D4 SeUer sba11
"'147'11~.12A
"'.Ill
-.-
.-.m oblIpIIld -, ...,. ofdul adI.. provIaioDa of_ AC>- .....".......11-. nIIIIID&'" carlD&
IIld payiD& fOr Illy tIIIe objecdoDllIId dul provIaIoDa ttllllallO . SeIJcr cWIaIt.
6.3
S..u.'. ~... IIld ......m. ...... _ hracrI(lh 6 II1II1 IlIl"ive
CIDIlD&.
7. l'nnd.........w. ID Ihe _ oflhe -- of.., Il""""""'~, at..., tbmt at IlOticlo
lbereof, by ..., Gove&'lllllall&l Aulbority whlcb oba1l ..... to . pnlpOIel! IIkiDc of my portioD of !be
Property by emn-t cIomaiD prior to OOlia&. Stile< ...- ... fumiIh llIlyer wilh a copy of IlIdl DOtIce
of a proposed IIkiDc witblD five (5) buoiDao da)'l .a.. Sell..'. receipt of IlIdt llOtiftcIIIoD or by c:IooiDi.
whlcbever II earlier. ID oudIoveut, lbOD Buyer may, alii opdoa, wIIhiII ~ (20) da)'I ofllllyw'.
recelpl of lb. lIOlIce of propooed IIkiDc eidu:r, (I) CIIIee\ lhio ApemaI& IIId _ AJreemeat II1II1 be
deemed c:ao<:eIed; or (b) CIoIe, ill wbIch c:aae, Bllyer wII1 be eatilIelllO recetve the eaIIre """"-.........
award; 0Iherwiae, lbe ~ Price wII1llDt be ofrll<ted by...,. t"n""............. ~ oba1l DOCifJ SeI1er
of its election wIIhiII oald tw.,. (2.0) day period. If 1Iuytr 11_ DOl ... 10 tcmIiDaIe _ A&reemolIl ar
faiIa Il) reopond In Seller'. DOtificatioll of propooecl """"......,..NO prv--"",," wiIhiD oaId ~ (20)
da)'I, lbell lbe pam. hcrdo II1II1 proceed In ClooiD&: IIld Sell.. oball ...... an of ila riJbt, tide IIId
l-..ot ill an awvdl ill ""nnNrine willi IlIdl tal:iD& to Buyer. 'lbo porda llCbowledge!hat lbe P>....,erty
II a propoaecllite for c:aooSenmIIicm by dul Buy.. IIld 1IlIl. if lhio -"MloD obaD c\ooe ill .-rdaoo:a
willi lb. temlI of _ Alreemeat, lbOD _ lr"-....v-.'l oba1l occm ill u... of illY """"-orioR by !he
Buyer.
8. &yer'. R-..-........ IlId WllITOnri... Buyer....y (~ ~ IIId -.- to !be
Seller as of the Eft'ective DaIo IIld as of the ClooiD&: Date 1balBuyer bas full_ compIece IlIlhority to
purchlse lbe Property IIld to comply willi .... _ of _ ~ _ the -........... IIId dellv...,.
of_ AIr- by lluyer _ dul "",,"n_~_ by IIuytr of.... '""'........n. benby ",,_....,,- are
wilhiD &yer'. capadly IIId 111 rcquioile IlCIioIl bas beeIllaDlllD lIlIb lbll Ap:cc:maIt volid _ 1>iIlIIlD&
aD Buyer ill ~ willi ila 1erIIII.
9. CIl!IiD&. 'lbo CloIlDI obaD com-- . 10:00 a.m. os dul ClooiDc Da IlId oba1l toke
pbce . lbe office of Buyet'IIItotlIey ill Dada Coumy, PIorida.
10. t".......... T .... Co......., ClMITIlr. Sell.. ad:Dowledpo 1bal1lCltWllbltalldlD& &IlJlhiDI to
lbe coDtt'lI)' coD1alDed herem. Buyer basllO obIip1ioll to COllIUlIIIIIOIe .... purcbue _ tbiI ApeooIeI&
un\eso Il.imul-ol.y lherewilh ICQUInI& the ialcreat ill the P>.opwty claimed by !he Grou.ad ~
throu&b _ UlT--1o oflhar I.... ("GrouDd LeIse") ori&iIlaDy ill favo< ofLY"" CoIponIloII. dIIId
July IS, 1940 IIld recorded ill Deed Iloo1< 2085, . Pqe 340 of lbe PIIhIIl: 1I.ecord& of Dade CouIIly,
Florida. ID dul ""eat Buyer doeIllOC _ iDID a COIllnCt b !he ~ of !he Growl4 LeIse ("GnluDd
Lease Coattact") or, .a.. -u., iDID !he GrowId LeIse c-.s. doll _ c\ooe the ~
'''''''''''P''''' lbereomder for any reaso... !he Buyer may C&IICIl _ Apeemeot IIld oba1llbereupoll be
relieved of Illy llablllty ar obliptiozl bereImdcr.
11. Soller'. ClM!." n.v.._ At CIosiDI, Seller II1II1 dIIiv.er !he followiDa ...........-
("Seller'. ClooiD&: n.v.,...-.") to llIlyer or Buyer'. AIIonIey IIIlIlide.,... QJpks of eKh party'.
Clooing Doc>,"'..... IhaJl be delivered to .... olhet plftJ'. IUO<TIe)' md to !he lit1e .,_ far review IIld
opproVll or 1_ lbree (3) h..le~. dayo prior to !he CloIiDI DIt&.
11.1 gz. 'lb. Deed wb1d1 oball be duly .,,,.eu" IIIlI oc\aJow1alged by SeI1er 10 ..
to COllvey to Buyer ,ood IIId _Iuable ". .imple Iide to .... Pnlperty free md d_ of III u-,
0IlCUTIIb_ _ olher CODditioJll of lid. odaet ...... the PermiDed. ~""
11.2 Bill of Sale. 'lb. Bill of Sale 10blch Ihal1 be duly "".......4 1IIlI1dmowIed&ed by
Seller 10 as to qult-claiJn Il) Buyer lilY _ of Seller ill.... PerIOIIal P ....,..rty free aa4 dear of III \1eIII
thereoll rcsulTiDc &om I11Y oaiDlII by lhtough or 011 beIIalf of Sell..
11.3 L1... Affidavit. A 1I11llflidavlt ill folm nosoaably required by &7<< --..,
that. IDlOOlI olher lhln&o, (0) DO iDdivl4lla1, IIltIty or Gov-' AudxJrIty haI ..., claiIIl opiID& !he
l'Iopctty _!he appIkabIe C1OI>SttUdiozllleD law, (b) 110 iIIdlvldua1,mtitJ or GovetTlllllllll1 AulIoority
Is eid>er ill ~ioIl of !he Proparty or bas. post..",,>, lDrc<CIl or c1a1m iIllhe PlopeR)', ocbor ......
Buyer III KCOrdance willi dill As<- (e) 110 improvemaltIto lb. Propeny bave beeIl mode Ii>< 1lIIhIcb
~ ill full basllOt been IDlIIIe, IlId (4) lb. hop.:rty II !tee of ellliclll, c\aims IIIlI ODcombraDceI
(other ...... lbe Pcm>ltt.ed Eacumi>nIIceI), IIld Ibare are 110 01'...."".... bil1l pertaiIIiDa lberelD.
~.IM
....
-5-
11.4 G~ Affidavit. An affidavit in form and conteut reasonably satisfaclory to !he
Title Company to facilitate the insurina of the "aap"; te, the deletina as an exception to the Title
Commitment of any matters appearina between the effective date of the Title Commitmeut and the
effective date of the Title Policy.
II.S FIRPT A. A FIRPT A Non-ForeiJII Transferor Exemption Cenificate or provide
for withholdings, in accordance with Section 1445 and other applicable provisions of the Interna1 Revenue
Code.
11,6 FOnD 1000-B. Such federal income tax repons respecting the sale of the Property
as are required by the Internal Revenue Code of 1986,
11.7 B-1 ReQuirements. Any documents required in Schedule B-l of the Title
Commitment with the exception of any documents pertaining to the Buyer.
11.8 ROIlresentations and Warranties Cenificate. A cenificate of the Seller restating,
and confirming and cenifyina the truth and accuracy of, and the full payment and performance of, all
of Seller's representations and warranties contained in this Agreement as of the Closing Date.
11.9 Or..nizational Documents. Such documents and affidavits reasonably required
by Buyer and the Title Company authorizina the entering into, execution and consummation of this
Agreement and the consummation of the transactions herein contemplated.
11.10 Disclosure Affidavit. A disclosure affidavit in form reasonably required by Buyer
in compliance with Section 286.23, Florida Statutes.
11.11 Other Documents. Any other documents required by this Agreement which Seller
is obligated to deliver or to cause to be delivered and any other documents reasonably required by Buyer.
12. Buver's Closine Documents. At Closing the Buyer shall deliver the following documents
("Buyer's Closing Documents"). Copies of Buyer's closing Documents shall be delivered to Seller or
Seller's Attorney for review and approval not less than three (3) business days prior to the Closing Date.
12.1 Cenification. A cenificate of Buyer authorizing the entering into and execution
of this Agreement and the consummation of the transaction herein contemplated.
12.2 Closini Statement. A Closing Statement showing all credits, costs, charges and
other matters relating to the Property as set fonh in this Agreement, including a tax proration agreement
to incorporate the obligations set fonh in Paragraph 14.1 of this Agreement.
12.3 ROIlresentations and Warranties Cenificate. A certificate confirmina the $talUS
of all of Buyer's representations and warranties as of the Date of Closing.
12.4 Cash to Close. The total amount of the Purchase Price, subject to prorations and
adjustments as provided in this Agreement.
12.5 Buyer's Letter. A letter from Buyer or Buyer's Attorney that this Agreement and
the sale contemplated hereunder was made in lieu of condemnation.
13. Closine Procedure. The Closing shall proceed in the following manner:
13.1 Transfer of Funds. At Closing, Buyer shall pay Seller by check: Cash to Close.
13.2 Deliverv of Documents. Buyer shall deliver Buyer's Closing Documents and
Sener shall deliver Seller's Closing Documents to one another at Closing.
14. Closimz Cost,. Taxes Prorations.
14.1 ~. Real estate and personal property taxes ("taxes") shall be prorated as of
Closing with maximum discount taken. Taxes shall be prorated based on amounts for the current year,
except that if tax amounts for the current year ate not available, prorations shall be made based on the
taxes for the preceding year, with maximum discount talcen. If, subsequent to Closing, taxes for the year
of Closing are determined to be higher or lower than as prorated, a re-proration and adjustment will be
RE\1472I\OOINmSNlI01.11A
950112
-6-
made at the request of Buyer or Seller upon preSentatlon of the aClUal tax bU!, and any payment required
as a result of the re-proration shall be made within ten (10) days followina demand therefor.
14.2 Seller's Closin. Costs. Seller shall pay for the followinl items from its own
funds at or before Closing:
(a) All certified, confirmed or ratified special assessment liens through the
date of Closing. If the improvements pertain to governmental improvements which improvements have
been substantially completed as of the Effective Date, such liens shall be considered as cettified,
confirmed or ratified and Seller shall, at Closing, be charged with an amount equal to the last estimate
of the applicable governmental body of the amount of the assessment;
(b) Maners required to be paid to obtain clear tide subject to the limitations
contained in Article 4;
(c) All fees, assessments, costs and charges incurred to fulfill and perform
the provisions of this Agreement;
(d) Documentary stamp tax and surtax to be affixed on the Deed, if any.
14.3 Buver's Closin. Costs. Buyer shall pay for the following items at the time of
Closing:
(a) The cost of recording the Deed;
(b) The premium for lbe Tide Policy;
(c) The costs for Buyer's survey.
14.4 ~. Seller shall be entided to all rentals from periods prior to Closing;
Purchaser shall be entitled to all rents accruing lbereafter.
14.5 Sales and Other Tax. In the event that any sales, use, transfer or other taxes shall
be determined to be payable in connection with any part of lbe transaction contemplated by this
Agreement, or sales taxes on reot collections, if applicable, then all such taxes shall be paid by Seller by
Closing or upon demand after Closing. There will be no prorations as to sales taxes. Seller represents
lbat there are no unpaid sales or other taxes and that there are no unpaid payroll, withholding or other
taxes as to the Property,
15.
Closing.
Possession. Full and complete possession of the Property shall be delivered to Buyer at
16.
12W1iIt.
16.1 Buyer's Default. If this transaction fails to close due to a refusal or default by
Buyer, and provided Seller is not in default of this Agreement and all conditions precedent to Closing are
satisfied, the Seller shall give written notice to Buyer of each default and Buyer shall have ten (10) days
to cure such default. If Buyer defaults by failing to close the within transaction on the Closing Date, and
provided such failure to close is not due to a Seller default, then the Buyer shall be deemed in default
hereunder without any further notice or right to cure. If Buyer so defaults and the default is not timely
cured, then Buyer shall pay to Seller the sum of $100,000.00 as agreed upon liquidated damages as a
result of Buyer's default hereunder, and upon such payment this Agreement shall be terminated in which
case neither Buyer nor Seller shall have any further obligation or liability hereunder or in connection
herewith except as otherwise stated in this Agreement. Buyer and Seller acknowledge that if Buyer so
defaults, Seller will suffer damages in an amount which cannot be ascenained with reasonable cenainty
on the Effective Date, and the $100,000.00 liquidated damage payment will most closely approximate
the amount necessary to compensate Seller in the event of such default. Buyer and Seller agree that this
is a bona fide liquidated damage provision and not a penalty or forfeiture provision.
16.2 Seller's Default. If this transaction fails to close due to a refusal or default by
Seller, Buyer shall give written notice to Seller of such default and Seller shall have ien (10) days to cure
such default, excepting that Seller shall not be entitled to any notice if it fails to close the within
transaction on the Closing Date. If Seller defaults by failing to close the within transaction on the Closing
RE\1472I\OOl5\MDSNHOt.12A
950112
-7 -
Dole. lIIId provided IuC\l faI1are to cIoN II DOt .. 10 a aa,. dcIaaIr. 1bIIl dle SeDer I11III be demIed
ill de&uIt hc:<OUDder wIdIaat my fIIrIb. IIOlica or rIIbr 10 care. If Seller II> ~ lIIId tbe 4l6a1t II
DOt timely aIt1Id, then Buyer ahI1I!lave \be n,bt 110 JeoII: 10 compoI Seller', apec:IIlc .-lIo ... oflbla
AIr_ or iIIlh. altemaliYe, 110 """"'" lbla ~ iD _ ........ Sell. IIWl pay .. Buyer die
oum of $100,000.00 u acr1lOId lIplIIl ~ damaIa II . rc8Uhof SeI1.', de&uIt ........., lIIId lIplIIl
such paymcat lbla ~ ahI1I be -........, III _ ... aeIIlIer Buyw IIlX SeI1er abII1 bave my
fiulhet obllptioD or liability hereuDdc< IX ill .. ..-,.. herowllh etcqlt II odlenrlM ...... iD lbla
A~ 1be fon:aoiDI ahI1I be Buyer', aoIe r1lIDedIs iD \be _ of s.Der'. cWau1t IIeramder lIIId
Buyer abaIl have lID IClIon opiDsr Sell... for damag. olber dwl ill ~ - rioa wida tbe fai1lIre of .
lCpl'eV"httl"l1 or wartIIIty ..tlicb II discovered a1W dOllDl or ill co-l^w wIlh die Sel1ec', defJm1t ill
faIliDc 110 ply .., _ ((>n1_.,.toow by tlaia ~ II beiDa reqaInc1l1O be paid to _... the
wilhin traDSICtion. Bayer _ Seller I<:bo1IIIeIIp lhat if Soller 10 cIefau1ta, _ Ba:rer ....... to caned
lbla AIr"""- ill lieu of aeeIdIla apecltlc ~ die Buyer .,;u IIl1IiIr ~ In an IDKlOIIll
whicb =- be ucertaiDed with n',~wah1. ..wmy on tb6 ~ DII8 IIId dle $100,000.00
Iiqaidated damaae paytIlOIlt wD1 _ cIoaeIy ~ \be IIIIIDlIIIl --.my to ~.....-- Seller ill
die eveot of IIll:h ddiou1L Bu:yer IlId ScI1u ~ lhat lbla la . boDa fide \lqlIl4alat damIp proYiaiOD IIId
II<lt . peaa1ty or t'orfeiIuIe proYiaiOD.
17. 1>...1 _Broten. ScI1u_Bayer~1IId WllnJltIO CIIdl odler Ibal, ~
of them hu cIealt or CODSUlted with my real _ btObn. aal_ IX fiIlden III alW~ wiIb lbla
traDIaCtion. Seller IIId Bayer bereby lIlIIIlIal1y cree to bv'......lfy. _ lIIId hoI4 CIIdl otha' hanal_
from _ 0&0iIlst any IDd aUloasea. damqea, dalIIla. COllI _ IXpt.... (lncl...un, -.....,... re. lIIId
oxpeDHI) iIllJI)' way reauIllDi from or """,-<eel with any c1aima or IIIiII for . broke<", IX 111_'.
QOmmlu""'. finder'. fee or other Ilke COIII['-.....w. IlIIlk IX brouab1 by my ~ or oality ..wsma
from Iu OWtl 1aI. 1bIa provisloR aha1l aurvive CoIiIlI- tb6 c1eIiwry of die Deed to Buyw.
II. NllIil:II. Jury IIOlica reqalted lD be liveD by die _ of thia ~ I - IX \IIIder any
Ippiicable law by eithK patty ahI1I be In wriIiDc _ ahI1I be either haDd..wiYencl IX _ by Cldfted
or regiatKed mail. pcI5II&8 prepaI4. _ --'Pt nqIICIled. or _ ~ Federal ~ IX odler aimI1ar
courier 1I<<Vice, _ auch DOtic:e abaIl he d=DaI. 10 have beOIl Ii- .w. I<lQOIwd., wIIeo haDd-<1eliwnd
or when seIlt ~ courier aeavlce In....,rdance willi tho _ ofthla Poncnph. SlIch _ DDtlce IIWl
be 1ddreu04 II 10111)....:
To die Buyer.
wbb . alpY to:
_10:
U\14"r.1hlOlf\MDUQIOl.l2.\.
......
WlAMI BEACH BEDEVELOPMBNT AGENCY
1700 c.....~ c- Dmra
M1om1 BeIda. I'Iodda 33139
...-wo. ExeadIve nu-
0Iftc0: (305) 673-7010
Pu: (305) 673-'7002
X-- FeID&oI4. EIq.
~ AJ'IIlI"Y a-a1 Colmsd
1700 eoav.... CoIIter Drive
Miami BeIda. PIodda 33139
0IIIc0: (305) 673-7470
..: (305) 6'73-'70Q2
DavId J, Jlerpr" P .A.
BzoIll _ CaNol
201 S. BIacaJ>> 1loII1evaa1
SuIte 3000, Miami c-
NJam1. Florida 33131
Oftk:e: (305) ~
F...: (305) 313-9495
.1.
To !be Seller:
0IIil:e:
PQ:
wI1h a top,. 10:
I..... P. l.oumiel. Esq,
~. Tnuria. Hot'fJnaft. Lipoff, ....... '" QueabII, P.A.
1221l1r1cb11 A_
Suila 2200
MIamI. P10dda 33131
0Illce: (]OS) S7~
Pa: (]OS) m-q,17
Notice deIivcn4 10 CDWlIeI for a part)1 obIII be deaed ~ of -"'10 die parl)'.
19. "..len- 11lia ".r......ti._ -.~...I. bJ Sell.., 1'hII~ m&)'''' fraeIy
""1""" b,. Buy.. to &IIlldter CiIy of Miami Boadl 0IlIity ~ !he Bayer Iball be reI-.d ~
any llabilily UDder Ibia Aar--. Bayer _1IOtify Sell. of any IUd!. _,,,........ iD ~ . 1_
five (S) dayI prloc to dle CIoIIDa Dale..
20. u;.....n..-..." All of lb.. provlaIoIII of Ibls ~ IIhI11 be d-..ed to -.moo
ctosma.
20.1 (""'''d.......... 'lbiI Aa-.r IIIaJ' be "<<teUled ill my IIIDIIbIr of COlIIIIeIparlI,
my OJI& """ all of wIlIcb. obIII ",...r:r.... lb.. A&i- of !he patti.. 'Ibe pananpb h.....;,.,. bInill
cont:ailled are for dle putpOI.. of ideDtification only IDd IIhI11 DOt be CODSidered iD COIIStruIDa Ibls
Aar___
20.1 "'-'- No """UfI....v- or .........- of th!I...,.~ obIII be of my
force or eft'tlCl UDl...In wriIIDg ...,..,..... by bolh Seller Ill4 Buyer.
20.3 ,,~' F_, If any party obtaIDI a jQdlJMlll apiIIIl my other part)1 by
hlllIOD of any litlptlon arialDa _ of th!I ~ .--~hl. 1IlDnIcyI' _ aIIlI <DIll m&)' be
recovered and may ... iDduded iD IIICh ~
20.4 Govemm. Law and P..2:c:hdiva VH'IIIP- nus Ajreemeat IbaII be ~l'~..ad iD
..:cordJDce wiIh dle !aWl of lb.. Swc of Florida, boIb &lIbslaDtiva and remodial. &elusive v...... IIhI11
be iD Dade CowItJ, FlorIda.
20.5 .._~ and "alp, 1'hII ~ obIII iJluro lD lbtl ......at of and ba
biDdiDa upon !he f"~""""R IIIId p"""...... IUips of !be parliCI herdD.
20.6 r__~ of n... If my dale ~.."'" iD dle _ hcln1n Nt fbrlh faDI
on a1apl holiday or IlOII-buaIDeu day or --banIdDa clay, tbm IIIdl dale obIII be --... to !he fInt
Ill.s'n... day foI1owiD& IIid lepl hollday or DOn-busiDesa clay or 1lOll-bantiDa day.
20.7 nm.. is of the "..-.... nme II ofdle 0SItlIICe wI1h rcaptlCllO aIlli:ala Il:aIed
in th!I Aarean>cDl. Fallllftl of aither party to c1oso lbiI trllllKllon on lb.. 00IIn& Dee widIoat dafauIt
on tb.. part of tba other part)11ball ba coDSidllred a c1etlrult in Ibis Agr_. 'Ibe provlIioDs btlICin
cotltllhuld IIhI11ba atricdy CODItrUed for the t'tlISOll that boIIt parties iDteD4 that all time pariodI ptOvided
for in th!I ~ IIhI11 be lttId1y adhered to,
20.. A..._nr.. Datil. TblI Agrecmeat Ihal1 be DUl1 and ...old aIIlI of 110 fiIrtbtlr bee
ID4 eft'ect UDleu a topy of __ -_ed bJ Sello: II delivued to Buyer by or balbra tba close of
busilleu wiIIWlli".. (5) dayI afte< tba dale of lhia AIreotDeDt fitst writtm. Ibove.
10.9 v............... of_. Tba Property Ihal1 be _.....'n"" by Sell.. in!he_
COIIditlon u llXisted u of tba EffcctiIIo D-. ordinuy wear and _ ,"""",*".
mN~l.UA
....0
-9-
20.10 Sipa, From and after lbe Effec;tive Date, Buyer shall have the ript (for DO
additional consideration) to utilize the Property for the installation of signs u required by the Buyer.
Should the Buyer terminate this A~eement; then Buyer shall immediately remove all such signs and shall
restore the Property to its condition existing prior to Buyer's termination, reasonable wear and tear
excepted.
20.11 No Recordation of Aereement. This Agreement may DOt be recorded in any
Public Records.
20.12 Draftin,. This Agreement and Exhibits hereto bave been negotiated at arms length
by Seller and Buyer, and the parties mutually agree that for the purpose of construing the terms of this
Agreement, or said Exhibits, neilber party shall be deemed responsible for the authorship thereof. The
provisions of this paragraph shall survive the closing and delivery of the deed of conveyance.
20.13 Further Assurances. Each of the parties hereto, without further consideration,
agrees to execute and deliver such other documents, and to ta1::e such other action, whether prior or
subsequent to the Closing may be necessary to more effectively consummate the purposes or subject
maner hereof.
20.14 Survival. Unless otherwise specifically stated to the contrary in this Agreement,
the provisions of this Agreement and the applicable payment and performance obligations of the parties
set forth in this Agreement shall survive Closing and delivery of the deed of conveyance and shall survive
termination of this Agreement.
20.15 Seller's Offer and Execution Not Terminable. Seller has executed this Aifeement
and delivered same as an offer to Buyer for acceptance. Seller agrees that its delivery of this Agreement
may DOt be withdrawn or revoked prior to February 1, 1995 at 5:00 p.m. and the Buyer shall have untO
February I, 1995 at 5:00 p.m. within which to execute and accept this Agreement.
20.16 Service of Process on Seller. Seller agrees that service of process in connection
with any litigation arising out of this Agreement may be made by serving Seller's Attorney.
20.17 Anoroval by Redevelooment AllenC.)' , This Agreement shall be binding upon the
Buyer only after it has been approved at a public hearing by the Miami Beach Redevelopment Agency
and signed by the Chairman or Vice Chairman for the Miami Beach Redevelopment Agency or another
duly authorized person. The Buyer's execution of this Agreement shall be deemed evidence of
satisfaction of this requirement.
IN WITNESS WHEREOF, each of the parties hereto has signed this Agreement under seal the
day and year appearing below their respective signatures.
WITNESSES:
SELLER:
IGNACIO ANDRES and GISELA LIZAMA
CARDONA, Co- Trustees under Trust Agreement
dated December 29, 1976
By:
(SEAL)
,1995
Date:
By:
(SEAL)
Date:
,1995
RE\14na\OOU\MDSNH01.l1,,\
950112
-10 -
BUYER.:
MIAMI BEACH REDEVELOPMENT AGENCY,
a Florida municipal corporation
By:
(sEALl
Date:
,1995
EXI:lI8lT "A"
ux;AL ~~.LCII
~ IIon:!l 1/3 of ~ 4 aM t!IoI 8CNC!a 40 f_~ of LaC. I, ... _Q 40 taet of ~ 1C aM
clIe lion!> 1/3 of loo~ 1'. alack II. of n_ FDft _ZVUf<* OF AL~ _. _
"'010. Florida acconUD9 &0 clIe .1a~ _. .. ....n.J.ll iJ> lP1a~ Ilook 3. a~ ~ ".
ot clIe Public .._ of _ CouDty, Florida,
-
~~ parcel of 1_ adjaceat &0 &DOl I Ueta1y _~ of cbe above _ti_ ....
fongoiJ>!l dAulcriJItiOD of property. .....on puti_lady"~" foU...,
1leg'inDiJ>g ac a poiJot whicb u clIe iJot_~ of clIe _ta.. liJ>e of loot e, al_ II.
.. _ ... a plat raoorde4 iJ> Plat....... 3. a~ .... n, of cbe Public __ of _
Coun~r' ,.10..1... _ clIe ....t 1l.Ae of add Lot e. 81_ 54. ZWl ~dy &1..., die
....t 1D.e of Block sa. . d.1e~ce of .'.'1 feet 1:.0 . poiDE.. tMDee ruza ....t:~ly &10119
~be Mortharly 11.De ot clIe .1Iol1U. eo f_t of 1.ot 5. of 81_ 54. produ..... ....tady a
diaeance e~ &0 t..~ ~ or lea.. to Use aoaa b.1gb _ter liNl of 't.he At:lazat:i.c oc:e.a..
thence SoutJ>erly. _.ft.....iJog thoI add_ hJ.p _ter tiDe a db'- of .. f..... ......
or 1... &0 a pOiJ>t, ~ M..t...ly &1..., clIe .->ter 1l.Ae of aaid Lot: e. n_ 1M.
prod>lcG Eaat...ly a di.t.III1c:e of 40 t..t. ...... or leaa &0 tl>e 1'OiJ>~ of 1legiJlI1iJog.
. o.
..,,:. ...~ . .. ..
....
:
ExhIbit 'B'
Pennltted Exceptions
1tE\147'lI\OOIS\MDSNH01.12A
950112