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Settlement & Release of Liens Authorization 1526 Pennsylvania AvenueSETTLEMENT AND RELEASE OF LIEN(S) AUTHORIZATION PROPERTY ADDRESS: 1526~Pennsylvania Avenue, Miami Beach, Florida PROPERTY OWNER: 936 Penn, LLC CASE NUMBER(S): Special Master Case #JF05000192 & JF06000334 NATURE OF LIEN(S): Fire Violations LIEN AMOUNT(S): $151,656.00 LEGAL DESCRIPTION: LINCOLN SUB PB 9-69 LOT 4 BLK 60 LOT SIZE 50.000 X 150 COC 23090-3457 O1 2005 1 HAROLD STRAUSS & W LILLIAN ET AL MAGALY ZAMBRANO OR 13097-811 1085 1 MIAMI BEACH PHOENIX INC OR 13219-2623 0387 1 Pursuant to the authority vested in the City Charter to enter into Settlement Agreements for liens against property filed by the City of Miami Beach, this Settlement Agreement is entered into with 936 Penn, LLC., the property owners at 1526 Pennsylvania Avenue, Miami Beach, Florida, to settle and provide for the release of the lien(s) as indicated herein. The City Clerk of the City of Miami Beach is hereby directed and authorized to release the above referenced lien(s) imposed upon the real property at 1526 Pennsylvania Avenue, Miami Beach, Florida, pursuant to conditions herein and as described herein. Condition(s) of Settlement: These liens in the amount of $151,656.00 are settled pursuant to the City Commission approval on January 28, 2009 and in consideration of receipt of a total of $1,500.00 receipt of which is hereby acknowledged The property owner warrants that subject property is in compliance with City Codes. Jor e~~. Go alez C'~~~1Vlanager ~~~ ~ ~~~ Robert C. iddaugh Assistant City Manager a-3-~~ Date ~-aq-o9 Date AGREEMENT TO SETTLEMENT AND RELEASE AUTHORIZATION I have read this SETTLEMENT AND RELEASE OF LIEN(S) AUTHORIZATION, regarding 1526 Pennsylvania Avenue, Miami Beach, Florida, Special Master Case Numbers JF05000192 and JF06000334 and lien amount of $151,656.00 and I understand and agree to its terms and have executed same for its purposes herein stated. Accepted by: Daniel Pin, a Genera~Partner of 936 Penn, LLC STATE OF FLORIDA ) SS COUNTY OF MIAMI-DADE ) The foregoing instrument s acknowledged before me this o2g ~ day of ~. 2009, by ~r~e,Q ~avc i n and who have produced her/his driver's license as identification and who did/did not take an oath. MY COMMISSION EXPIRES: NOTARY PUBLIC, STATE OF FLORIDA `~R~~'P w,,, NAitv9A DE PINEDO *. .~_ tviV COMPu1fSSi0N # DD 598910 ~., ~,;: EXPIRES: September 26, 2010 '~ ° f; yd~~ g~~ mru NotaN PuMlc Underwriters PRINT NAME F:\cmgr\$ALL\BOB\liensettlement936PennLLC 1526PennAve.doc 2