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HomeMy WebLinkAboutSEOPW-CRA-R-97-0007§EOP-W/CRA SEOPW RESOLUTION NO. 9-!7- A RESOLUTION, WITH ATTACHMENTS, OF THE SOUTHEAST OVERTOWN PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA') APPROVING THE TERMS OF THE SALE OF A CRA OWNED PROPERTY, LEGALLY DESCRIBED AS LOT 12, IN BLOCK 35, OF NORTH CITY OF MIAMI, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT `B" AT PAGE 41, OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA, TO GREATER BETHEL A.M.E. CHURCH, LOCATED AT 269 N.W. 8TH STREET, MIAMI, FLORIDA. WHEREAS, the City of Miami Southeast Overtown/Park West Community Redevelopment Agency is the owner of a nine unit apartment building located at 269 N.W. 8th Street, Miami, Florida; and WHEREAS, the said building is used as a low income rental housing unit to satisfy the needs of tenants of the public at large on a regular basis; and WHEREAS, the building is located next to the Greater Bethel A.M.E. Church; and WHEREAS, the Church Administration and congregation are of the opinion that it is in the best community interest that they should be the owner and custodian of that building; and WHEREAS, the building will continue to be used by the church to be available as low income rental housing for area residents; and WHEREAS, the CRA Board of Directors unanimously passed the motion on December 16, 1996, that the property whose address is known as 269 N.W. 8th Street, Miami, Florida be sold to the Greater Bethel A.M.E. Church; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, MIAMI, FLORIDA: SEOPW/CRA 9 7 ^ 7 Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The terms of the conveyance of the CRA-owned property at 269 N.W. 8th Street, Miami, Florida, legally described as Lot 12, in Block 35, of NORTH CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book "B" at Page 41, of the Public Records of Dade County, Florida, from the Southeast Overtown/Park West Community Redevelopment Agency to Bethel A.M.E. Church, Inc., d/b/a/ Greater Bethel A.M.E. Church is hereby approved. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this loth day of July , 1997. �ER RNA ,CHAIRMAN SOUTHEAST OVERTOWN/PARKWEST COMMUNITY REDEVELOPMENT AGENCY APPROVED AS TO FORM AND CORRECTNESS: Z HOLLAND & kNIGHT, LLP CRA LEGAL COUNSEL SEOPW/CRA 9 7 - h JUN--15'97(FRI1 14 12 HOLLAND& KNIGHT TEL 89"7f9 11.002 PAHTIEBt City of Miami _- Valli of _, _^ (Phone) , coma Be h 1 A•M.P L ht]Yc}).� Inc. , d/b�Gtclate r_Beth 1�A H. (7u►rch__ (-BLLMI. of 9A5 N.W._ 9rh FL 33136 (Phona7(3(j5].371-9102, lherely "'Atsemi At Seller shell sas and Buyer shell buy the following domflhad Real Property Ann Poreonal Pmnorly (mlleidwely'p(iffar ') upon (he following larm% and. condnhns, which Include SlandAMe for Real Estate Ttansactbns niawaman on the reverse aide hereof or Aaartvtd heeN and rides and addenda it this Contract for Sale and Purdreee LCADIraw. (a) LApd driacrbdon of the neat Property mated in Dado mmy, mlida• Lot 1.2 t Block 35, of NORM CITY OF MIAM.I, accorc3ira to the Plat thereof; as recorded in Plat Boo B, at Page of the Pub (b) Street eddies$, dtg sip, of the Property Is (cl Personal Propoty ILPURCHASE PRICE:...................._.........................................�........... 5,.9 ,(100.W PAYMENT. (a) Deposit had it, escrow by Holland & Knight LLP In the amount of S 301 000 •00 (b) Addilionei escrow deposit to be made withal _ days Baer Efectve Dalm (aa defined In Paragraph IIq in the amount of .......................... S W Sublecl to AND assumption of existing mortgage in good standing In favor of having an approxlmals present principal balance of (d) Purchase money, modgege and main to Seller (see addendum) In the amount of .., ,. S 165, DW • 00 (s) Omer: $ (D Gatti In does by U.S. ash, LOCALLY DRAWN certified or cashrors check or Ihl*pirry loan, subjecr to adjustments at prerairons $ Ill. TIME FOR ACCEPTANCE OF OFFERt EFFECTIVE OATEI FACSIMILEi If IN%near m not executed by and donvered to all panes OR FACT OF EXECUTION communicated In writing batween the pomins nn At hefore , the deposits) will, at Ovyaes option, to miturnod and this after withdrawn, The date of Conlracl PElfeclyo_Datal will ne be the date when the last oof the Buyer and Seller has signed this offer. A facsimile copy of lints Contract and any signeturos thereon shall be considsmd lot as purposes as orlpinals. N. FINANCING; (a) 11 the Pumheee Puce of any part al it is to be financed by a Ihhd•pany loan, ims Contract Is condulunad on Buyer obtslning a wrmen commitment wllhin days after Effective Dale lot (CHECK ONLY ONE):0 a Bred; 0 an adjustable: at 0 a fixed or adlucteble taro loan In the nnnemel amount of $ . at on Initial Inlarest rats not to exceed, %, discount and adglnedom fries not in exceed _ % At P,indpel amount, and for a term of _ years. Buyer will make aPOgeAllan within _ dan; AnAr Flf.rrsvn fins and use remaonribli, diligence to ohtain a loan commilmant and, lhareaheir, to sadly Inane and condlWns'of Ins commitment and cinee the ben. Buyer &halt pay eh ban expenses. It Boyne Mao to Obtain a cnmmiimenl or tails to veal" Bthynya rights tinder this subparagraph within the time lot obtaining a commoment at, after dlgonf shod, IaUe to meet the terms and eandthone of the commitment, then eMmer parry thereahsr, by wmaon notice to the other, may caricel)hls Contract and Buyer shell be refunded Itw dannall(s); or (b) The edatimg mortgage described in Patagmph ll(c), above, has (CHECK ONLY ONE): 0 a variable interest rate: or 0 a ruled interest rate of Y• per annual, At time of late trainsfer, some fixed Interest rated arc subject to Increase: if Increased. the ram shall not exceed _ �A per annum. Solmr small, within - days eher Ehadlim DeM, luretsh a statement from each madgegss staling line principal balance, method of payment, Inforast rat. and status of mortgage. It Buyer has agreed to assume a mortgage which requires approve( of Buyar by the mortgagee lot assumption, then Buyer shall promptly obtain the nexseery oppllcan0n and da;genly complete and return it to the merlgngee Any mmlgegde ehargo(s) not to exceed S $hail be paid by Buyer. It Buyer is nal accepted by moripngoe or this thou mme nta lot sewmption are not In accordance with The terms of tale Cadreai or mortgagee makes a chArga In oxmits of the stated ernouni. Solid, or Buyer may rewind this Contract by written notice to the other parry unless either at" to pay the Increase In Mleroal rate or excess rmhdgege charges. V. TILE EVIDENCE: At land 45 days before closing dale. %M3yT]loL7�4ti[S6iGil,TdWtaW674 KjgElGRdg01G1L)[& h(CHECK ONLY ONE): n Scent Shutt, of SMlps o"nao, beaver to Slyer or BuYved ahomny; or O Buyer shall at Buyers axpanae obtain (CHECK ONLY QNE): 0 abates of lit(4; or D lftie Inamnrce cpntrtltmpr�L(Iallh Iep isle rxPrue of Inatrumanla listed as sxaptane adached thereto) and, after dosing, an owners policy of II09 Insurance. Pgeaee refer Co &e attaWcp ecl 110tiL•nOtml Vl.' CLOSING UATEtThis bordimlon shall be dosed and the deed and other closing pApam deli eeted on July 2. 1997 .,unless modiMed by other peavivime of this Contract. Va. REBTRICTIONSi PASEMENTS1 LIMITATIONS: Buyer shall take title subject to; comprehenaive Inner urea plains, coning, restrictions. pmhit9llons and oiho/ requirements Imposed by gmehenmanlal aulmorlty; reelrfedons and mahara appearing on the plat or otherwise common to the subdivision; pub k utility esemsmIA nr record (ensemanta are to be located contiguous to Red Property, knits end no mom than 10 loot in width as to the tear or front Imes and 7 1/2 feet In width as in the side Mass, unless Otherwise stood hamin); tares (or year of closing and aubsaquint yeet; asaurned mortgage and purchase money mongages, it any (it additional Ilene, see addendum); provided, that there Wide at closing no violation of the intriguing end none prevent use of the Property for C^1 iies�ricted S�Gm(te�cial and molt i fermi lY re3lden�ial_-_^_ r purpoae(e). Vlll. OCCUPANCVt Banes warrants that mare are no parties In occupancy other then Sonar, but If Property is Intended In be retired or occupied beyond closing, An fad and terms thereof end the lenanl(s) of Occupants shelf be discfoseld pursuant to Standard F. Salter shall dolNer occupancy of Proparty to Buyer at rime of rinsing tniesa otherwise staled hareln Il occupancy Is W be dahvered before claiming, Buyer assumes at oaks of loss IA Pmprirry from dale of occupancy, shell to resoonsible and Pablo for makilenance from that data, arxf short tm d.emed 10 have accepted Property in its existing condnton all of tome of taking occupancy uNess othorwfaa elated herein. IX. TYPEWRITTEN OR HANDWRITTEN PROVISIONSi Tvpewrllten or nandwrinm provisions, ildnna and addenda shall control all printed provlslons of this Contract In conflict wllh them. X. RIDERS: (CHECK thine riders which are applicable AND ate attached to this Contract) (a{ 0 COASTAL CONSTRUCTION CONTROL LINE (d) OVAJFHA Ig) p HOMEOWNERS' ASSOCIATION DISCLOSURE (b) 0 CONDOMINIUM (a) O INSULATION Ih) hS RESIDENTIAL LEAD -BASED HAZARD DISCLOSURE f to) 0 FOREIGN INVESTMENT 1N REAL PROPERTY TAX ACT (I) IU-AS IS' (1) O erg may A SIONAB: (CHECK ONLY ONE): Buyer 0 may assign and thereby be released from any further liability under this Contract; 0 may assign but not be ralensed from 1teWPty War y a selga lmis Contract. Xa. DISCLOSURESt I (a) Radon In a natunsay occurring mdiaactive gas %hill wham ecoumulerleel In a Mdhprhg In sufficient quanulie; may presanl health risks to persona who era owpoeed to It over time Levels of radon that exceed federal and state guidelines here been found in buildmge In Florida Arl0nnal Information regarding Radon of Ration feeling may be obtained from your Colmry Public Haellh unit. (b) Buyer may have determined the energy efficiency rating of the residential building, If any 1s tooled on the Real Pmporty. (c) If the Put Property Includes pre•19711 meidenliol housing then Paragraph X (h) N mandatory. XIU. MAXIMUM REPAIR COSTS: Scher small not be responsible lot payments In excess of: for, treatment and repair under Stencilled D (it blank, then 2 •L of the Purchase Prka). (b) S , for repair and replacement under Standard N (d Hank, than 3 % of the Purchase Price). XIV. SPECIAL CLAUSESI ADDENDA: 11 addlaonal forms are to ton Providnd, onsch addendum and CHECK HERE at THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY IINDPRS'TOOD, S�EKTHE ADVICE OF AN ATTORNEY PRIOR TO 61GNING. THIS FORM HAS BEEN APPROVED BY THE FLOnIOA ASSOCIATION OF RFALTORS AND THE FLOnIDA BAR Approial dose not eoasUfule an ne ion that any of tho memo and dondittons in tAfa Contract shouts be accepted by 1firtin ea In a parrirusar Im-eir7tnn "Forms and condalons should be nogolleted based upon the rospacliw intomris, OWIltms and hArgafning positions of all inlore$fed parsons. Bethel A.M.E_ Church i COPYRIGHT 1995 BY THE FLOnlOA BAn AND THE FLORIDA AS90CIATION OF REALTORS Inc., d/b/a Greater Bethel A.M.E. Church City of -Miami (Buyor)By: (Oats) (Samuel BY: (Odle) Social Secufhy or Tax I.D. If SAO at Security Of Tat LD. a (Buyoq instal (Seller) (Date) Soda) Securiy or Tax 1,110 $octet Security or Tax 10 11 Depooll under Psrnpaph II (a) (ecalved; IF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE a1� (Escrow Agent) BROKERS FEP.e The brokore named below, Inciuding haling and cooperating brokers, rim the roil bokero an i e lO mmpenea 1- TlknUon with this Conlmcb Hams: Usdng Orokar ConprrrsUnp Broken, h any FM11AA4 FI&A rt IZ/BB RIDERS CAN BE OBTAINED FROM rLORIDA LAWfEAR SUPPORT SERVICES, INC. (TLSSI) (901) S5&7590 SEOPwicRA, 9 7 - 7 JUN.' -13' 97(FRI) 1413 HOLLAND,& KNIGHT TEL 7897799 P. 003 STANDARbS 1 REAL ESTATE TRANSACTIONS A. KVIUVNCB OF TTR.S: (1) An ibaltitidjU U prapared Or brought current by a lePl4ehm and existing AhAl,Acl 1Im (11 not ewtsting then certitiod lie rhnam by an ovisting Arm) purporting le be an edcurete synopols of the InalrummrM naeclfng IIIIe to the Reel Property recorded in the public meords of the county wri Axe Rea Pmperry It 16CA146 through SAecilm Data It Rheo mmmo ant Nil Iha mndlasl pudic remrda. or each Inlmr dAle he may b0 uuslomery, In the count' Upan cM9rnp of thle ComtMcL IN ebelrad 9heu Mmme me propprry al Buyer, sub)eni to the right of mlanllan thereof by first mortgagee unlit fury paid (2) Ah6a.lGSutMOd_CIiII�IIPDaPI Issued try it Florida liconsed Nee Insurer agreeing to lemon lkfyar. Upnn recording of the deed fo Buyer, on Owhala policy of title Insurence In the amount of the puahAxA often, Insuring Buyers Bite to the Final Property, soblam only to Ibee, ancumbrencRA, exemption$ of quellPe:Von: provlded In INV Contract and [hoop to be dlscherged by Seller at or bArnrA r.InAmg, Snllnr Areti convey marketable IIM sublect any to pone, encumbrances. awr tilli Or qustltic lion provided In into Contract. Marketable title shell he dotr.rminnd ncrotdIng to applicable Title Stenderde adoplod by aulhmhy, of The Florida Bar and In ACCordnaOm with law. Buyer shall have 30 days, d AbatrACL or 5 days, If des commhmsni, from dote of mcelvfeg Avldencs 01 ape to examine If. II title Is found (Infective, Buyer shall within 3 days thorepf1w, nollfy Seller In writing specdying the dater Al 11 delacgs) render this unmarketable, Seller Wit he" 30 dills from locapl of notice to femov t the defpcfa, Inging which Buyer shell, within Ave (S) nnya $het expiration of the lhkty 130) tiny Penrod, dAllvat written Pollef to Salle either: (1) extandtrtg the time 10, n roamnable period rod Id exceed IPa IgyA within which Sfvlmr shell use dllgenl oaon Is remove the deecte; of (2) taquRsting a refund at naoosh(s) paid wlech shelf be Immorkntmhy mWpnnd In Rtryer If Buyer lose to to noiy SnOM, nuye, shun be deemed to hove accepted the title as It then 11. Seller ehol;, 9Inn ,n Inund unmarkelama, otm dmgeni efforl to correct deredlml wollm !hm time provided Ihefalor, It Seller is unable to Prop ly correct the daiecla, Buyer shall Asher wAlvn the eafecfn, of receive a refund of deromiipl, theroby mlanstnp Buyer and Sollet from ell lunhor nhitnmllon under this Contract. B. PURCHASE MONEY MORTGACEI SECURITY AGREEMENT TO SEl [.ER- A pwrhlam moray moflgagn and mortgage nniq to Saner chnN Ili rot a 30 day grace parimd In the ovenl of default If a Piet mortgage and O t5 day grace perind 11 a tocland or letter mongogh; Ahnit provide lot right of prepayment In white no in pert wVhnul pnnaly: shelf Parrett accolpmoon In ,Amat of transfer of the Rost Property; shell require all pilot Items and encumbrances to be kept In gong almnrnng and forbid modifications of nt Aihum mdvAnrAn trader prior mongage(a); shelf results Buyer to melnialn Pericles o(IntuRnce m muliming m SlAndam mortgagee CIAuse covering all Impmvmmonla located on the Real Property mpskhst ern Ann all pants Included within the tam'arUndmd taVadge endorletnenlf and such other 00o; and perils AS SosOr may reasonably mquirn, In An Arnourhl equal 10 their Nowt Inturehta vane; end the motlgege. note end ascudry Agriemenl Shall be otherwise In form end conlnnt tonwrad by SMtnr; but Seller may only require deuapa and Coverage eutlomally m sound In artgAgam n, nngaga notes and ebcudty apmefaanto generally utilized by savings and loan Institutions or ela[o or nAlamal banks located In the county whArAm the RAaI Praperry Is located AN Poreanal Propery, and leases being conveyed of assigned will, at Settees option, be subject to the lien of a eaemlly agrnnmeni avldene9d by recorded finenetng sslomenls. If a balloon mortgage, the Anal payment will exceed the periodic payments Ihelenn. C. SURVEY: Buyer, at Buyer's expenso, within Ikne allowed to dollvet evldsncn of fide and to swomine seine, may have the Red Proparly sgrveynd and canoed by a u,plAlAmd Florlde survoyot. II the survey discloser: Ancroachmonts on the Real Property of that Imptovgmenis lomlod themon encroach on eethnrk linen, nAsgmnnls, Inrids or others or violate any realrletions, Contract covenpnls or oppowDts governmental regulation, the same nhRil conaetulm a line dnfncl. D. TERMrTESi RAyp,, al Buyors expense, wtlhln the time allowed to delivet evldancn 01 title, may have the Property imspnciad by o Florida CenlAed Pset Centiol Opearer (-0120MI [f to determine It them Is any visible active termite Intaslellon or viable damege tram larmcn Inteslallon In the Property. it either at both are lound, Buyar shell have 4 days hnm dela Of wdnnn notice thereof within which Is have cost at treatment, II required, eolimmitd by the Opemlof and all damage Inspected and ealknntad by A Ucansod hullder of general contractor. BAaor shell pay valid cost@ of treatment and repair at all damage tip to the amount provided In Pmmgrpph )lu(n), It nsdmaled costs exceed that amount, Buyer shell have the option at roncaling this Contract within 5 dnyq motor mcept At cdaraclor's repair estimate by giving wdhen notion to Senor or RuyOr may elect to proraad "In thn transaction, and receive a credit at tdonmg on the amount provldad In Paragraph Mote), 7efnihns' shelf be deemed to include AN wood dontroyf 1p Organisms toqulrod to be mportmd under the Flodde Pest Control Act, no Amandad E, INGRESS AND EGRESS! Seller warrants and represents that Mere Is ingress and ogress 10 Iha noel Property sufficient tar ifs lnlRndnd usm as described In Paragraph VII hAmer, site 10 which In In accordance with Standard A. F. LF.ASP.S: Sale, shell, not IesA Ian 15 days colors closing, furnish to Ruyan Writes at All volition lefties and eeloopef Janson hem naCh tenant speclying the nature end duration of Ine tenant's occupancy, rental rates, advanced coin and security deposits pad by tenant. It Soifer Is unable to obtain such letter from each Imnanl, the seem Inlotmallon shell ha furnished by Sollor to Buyer within that (kite period in the form of a Sellers soldsvit, and Buyer may lhartatter contact tenants to confirm Such Inbrmallon Sailer shall, at closing, deliver and esalgn all original losses Is Buyer. 0 LIENS! Seller Khali famish to Player at firms of closing an affidavit snesdng In the absence, unless otherwise provided for heroin, of any financing statement, claims of Pen or potential flenora known to Seller Fuld further anaaiing that there have been no improvements or repair; to the Res) Property for 00 drys Immediately preceding dale of dosing. II the Raal ProFMny has been Improved or ropatmd wnhln that pine, Seller shell deliver releases or waivers of construction Ilene executed by sit pnnwal cnntmcinm, subcontractors, suppliers end mAIA441lneh In edddon l0 Seller's Pan enclave tsnlhg forth Me names of of Such gonaml mnuaenra. Aubeontrnrinrs, suppliers and maladalman. ludnnr affirming that all charges for Imp,fzvamont@ or repairs which could carve no a resit for a coalmcliom lktn or m claim for damages hmve bean pad Or will be paid at the closing of 'big Contract H. PLACE OF CLOSING! Closing shell be had In the county vmoroln VIA Real Property is located at the 011ICO of the anctney or other claming nggnl d9elgnalrad by Seller, LTIME: In computing time periods of less Than sit (6) days, Saturdays, Sundays and stale or national Ingal balldays shad be excluded. Any time periods pre.widmd for herein which shell end on a Saturday, Sunday, of a legal holiday shell extend to 5:00 p.m. or the nert bus)noss day lrl R IA nt the eminence In this Contract. J. DOCUMENTS FOR CLORINGt Sager shell fu,nlsh thn deed, bill of sale, construction lien affidavit, owners possession offldev:L agetgnmoms of leases lenanl ano mongeg e; estoppel loners and correct" Instruments. Buyer shelf lumith closing statement, mortgage, mortgage note, security nornoment and financing Smlarri K. EXPENSES: Documenlary stamps on the deed and recording of cohective Insrrumenia shelf be paid by Salter. Documentary etempR and Inlengihlp law fin ran plorhmse looney mortgage and arty mortgage Sasumad, and (scarfing of purchase money mortgage to Seller, riegrl and onanring slA14monls shall be paid by the Buyer. Unless Olhem4se provided by taw or defer to this Contract, charges fin thin lonnwing mlalpd IIIIe snroleoa, namely Iltie or abstract charge, tide examination, and settlement and dosing too, shall he pela by the perry responsible for furnishing the title evidence in vom dense wide Paragraph V. L PnOnATIONS; CREDITS: Taxes, eemseemmus, ran(. Interest. Isuranca and other stpensev of the Pmpqrry shelf be prorated through the day before rinelrg Rtryer shall hmvn the option at taking over existing policies of Insurance. It aseumbble, In which event prathli m; shall be prorated. Cash at driving shell he mrmasnd m dacrmssed as may be rRquhed by promdOns to be made through day prior to closing or Occupancy It occvppnry occurs remro rlonlog AfNnnco mint and security oepongs wgl be credited to Buyer. Escrow deposits held by motlnagls will be arld;lod to Boost. Tarps shall be prorated baited On the current yamem lax with due AnarRlnco made for mpxlmUm ollrhvable diacnuml, homestead and Other exerrydons If cloning Occurs at a data when the currant years All Is not fixed and current yeses nnse66mgml it, available, taxes will be prorated bsoAd upon such assessment and prior years mlfiagR 11 nlrront years 1 movement is not available, then lanes will be prorated on prior vest's lax. It Ihara Rra ComplOfod Improvements on the Reel Property by uanunry 1 sl of year of closing, which Improvement were not In existence an January let or prior year, then taxes shell be prorated bxend [qmn prior Vanes millAge and at an equitable ssgaeamenl in be Agreed upon between the pantie; falling which, request shall be made In the County Property Appraiser for an Informal assessment taking Into account evailable exemptions. A lax proration based on an estimate $hall, at ractiom of either parry, be readjusted upon rece:pl 01 law bill on eondlllon lull a slniamenl to that orlocl to signed at closing. M. SPECIAL ASSESSMENT LIENS: CartlPad, confirmed and repned special essossmenl Pans as of dale of dosing (not as of Enecllva Dole) are lobe geld by SaPar. Pending Ilona on at dale of dosing shed be assumed by Buyer. If Ih9lmprovoment has been substantially eomoleled Re 0 Effective Data, any pending lien shall be rmaltkeml corlttkmd, cmVlrmod or refined and Seller shall, at closing, be charged an amount equri to the last oStmata or assessment for file Imprrnmmnnl try this, public body. N. INSPECTION, REPAIR AND MAINTENANCE: Seller wertnnls that as of 10 days prior to dosing, the cai0ng, root Qncloding the fascia and eolfltsl and anterior And Interior walla, loundatkm, xaewals (or equivalent) and dockage do not have any VISIBLE EVIDENCE of looks, water damage or ehucbrml damage and Ibe1 the septic lank, pool, all appnow.-N, machendcat Peat, healing, cooling, elactrleal, plumbing systems and mach'nery era In WORKING CONDITION. The foregoing warranty shall an IlrnIIAd to the Items specified unless oMomlga pmvldnel In an addeclum. Buyer may, at Buyer's expense, have Inspections made of [hose Items by a firm or Individual specializing In home Inepeminnm and holding an occupational license for Ruch purpose Of requited) or by on epp,opdahaly licensed Fforida contractor. Byer 0e11, prior to Ruyees occupancy no, nib ass than 10 days prior to closing, whichever occurs first, report In writing I to Seller such Items that do not meet the elm" Atandarde me le Installs. Unless Buyer timely reports such defects, Buyer shelf De doemod to have waved Sellers warranties as to defede Act reoertAd. If repairs or replacements are required to comply win this Standard. Seller shell all them to be mode and shell pay Up to the amount provided In Paragraph XIII(h). Seller IN not required to make repairs of replacements of a cosmetic ronlwe unless caused by a defect Seller Is responsible to repair or tapioca. if the cost for such repair o, replecemenl Amends the amount provided In Paragraph XIII(b), Buyef Or Seller may elec! Is pay such armss, failing which either perry they cAnma Ihie Commit If SAtior Is unable to correct the da(ecle pdo, 10 dosing, the Cost thereof than by paid Into escrow at closing. Seller shall, Upon tantnotAhTP rmlic9, provldo utilities gory" and access to the Property for Insaedlons, including a waft -through prior to closing, to mnPrm that All Items of Personal Property are on the Reel Property and. subject to the foregoing, that all mqulred repasre Rnd replacements have been made and that the Property, Including, but not Tlmgsol to. lawn, shrubbery and pool it any. has boon mnintamed In the condition existing as of Effecto Dole, ordinary wear and leer excepted. j 0. RISK OF LOSS: If the Properly Is damaged by lire or olnnr casualty before closing end cost of restoration does not exceed 3% of the seagsaAd v litAlfnn of IhA Property no damaged. coal of restoration shall be an obligation of the Seller and closing shall proceed pursuant to the terms or thin Cmoracl with rpslo(Allon costs escrowed at dosing. If the best of mslomlion oroeads 3% of the assessed valuation at the Property Sri damaged. Rtrygr Shan have the option of either taking the Property as Is, together with either the 3% o, any Insurance pmceeda payable by vinim nl such ass Or damage, or of canceling ibis Contract and receiving return of the deposits). P. PROCEEDS OF SALE; CLOSING rBOCEDUnE: The dead Shall be recorded upon clearance of funds. It an ebeuem a1 tnlie hen hewn furnished, evidence of Nile than hn mnomind at Buyer's expense to show idle in Buyer, without any encumbrances at change which wnuid rendat Settees title unmarketable from iha data of Inn Iasi evidence. All closing pmmod6 shell be hold In escrow by Soirees attorney or other mutually acceptable escrow OgRnl Mr A Palind Of not more then 5 days after dosing dale. If Sellers IIPe Is roweled unmarketable, through no l fault of Buyer, Buyer AhAll, vriihln thin 5-day Named, malty SAllet In writing a1 the defect and Sellet shelf have 30 days from data of receipt of such noltllcallon to cure the defect. II Spppr fails to timely cure the defect. all dariosile) and closing funds shell, upon wraer demand by Buyer and within 5 days shot demand, be returned to Buyer and, simultaneously with notch mpnyment, Buyer ohail return the Personal Property, vacate the Reel property and recorrvey the rmparly to Seger by Special wafranty d-d And Mg of $ale. If Buyar fella to links limey demand [or refund, Buyer shall take IIIIe no k, watvgng all rights against Salter, as to eny'nfpmenirg IAlprl Rxr.Apl ins may bit Available to Buyer by virluA 01 wavmnles contained In the dned or b)11 of sale. If a Patton of the putclim- prlr,A is In be derived from Insfllutlonal Itmencing of relinenrtnp, requirAeants of the lending Institution an to platen. Nine of day and procedumn for dosing, and sot disbursement at mortgage procxds shell e9nlml over contrary provision In this Contract. Sollgr shall have the fight to require Iron Ihq lending Insiputlen a wilnen cnmmirmAnl Iha 11 won not withhold disbursement of morignpo pmcaods as a result of tiny title defect Pnnbuteble (0 Buyor•morlgagor. The eectow and dosing procedure required by this Stencilled shell be weyed 6 IN title agent loRatna Rdvp,ae 11309s pursuant to Section 627, 7841. F S . AN Amended 0, ESCROW: Any escrow mg-11 ('Apantl rxaving hinds or equivalent Is auhotized and aging$ by aeeeplsnee of them to deposit Ihsm piompty, hold some In escrow nnd, subject to elaerance, disburse them In accordence w do 19rma and cdndll0ns 0f this Contract. Failure of funds Is dear shad not excuse Buyeea performance. It In doubt as t0 Agent's deli- at IIAMI111m6 under the provisions of this Contract. Agent may, at Agent's spoon, continue to hold the euhtpd manor of the escrow until the panips heroin Agree to Its dlsbumemenl or until a judgfirri of a court of competent juri0clion shall determine the rights of Ine ponies, of Agent any depnsil .RnmA with the dark of the efcul cour having ludsdldlon of the dispute. Upon nogyng AN parties concerned of such actin, all Nobility nn the pan nt Agn01 snall fully terminate, evicepi to the aftom or aeeeunting for any Items pmvinusy dAllvared out of escrow. 0 a Ilcanned reel estate broker. Agent will comply wr n provisions of Chortler 475, F.S., its amended. Any 61At bphv9pn Buyer and Seller wherein Agent Is madam party toacmuse or acting as Alf -I haralmder, or In any suit wherein Agent Inferplaeds the subject mahar of the escrow, Agent shall recover masonable ollorney's fees and testa 1—aed with IhnxA nmouns to be paid Imm and out or the escrowed kinds or equivalent and charged and Awarded as court costs In fever nt thin prrwelting party. The Agmn1 shall not be Ilnhim to any party or person for mledellvary, to Buyer of Saner n1 Items Subject 10 me escrow, unless such mladeilvnry, in dun in willful branch of the provinlma of 11,16 Conimct or "" negllgence of nggni R. AMPINEY'S FEES: COSTSt In any tikpollm. Including branch. enforcemeni or Inmrpreralfnn. Rising out of this Contract, the pi -tilling party in Aueh litigation, which, Inr,"spoons of this S(Rrhdard, she$ inriuds Saner. Buyer and any brokers acting In egnnmy at mmnAgency, miAtimsMps authorized by Chapter 475, FS.. as amended, Shell be entitled to recover from the noo•p,avammg parry reasonable anorney's lees, caste and -parses. S. FAILURE OF PERFORMANCE: It Ruyar mile to ri this Contract within the time speclned, nchud,N pxymnni or all deposits, the depeAll(q) pnld try Roryn, And dnposlf(s) agreed Is et paid, may be fvco"md and mfainpd by and far the account of Seller its agreed upon Ilgoldntad damAgns, conslderatlon for the aw— lon of this Conint and In full aetttemnnl at nny claims. whemapnn, Raye, And Snllnr $limit be relieved of all obngntlonm undm th-s Cenlrmrl:%erg►76)(3DE7[nGNptQ0147pitSsiXpoMsaaXfesgal¢n'fotdialal9al�CAgla[3>/RIW1�ft0f. II for say meson other than failure -of Sepef to make Saeees ells merknlabla almr diligent effort, Seller fella, nRgtacls or ralusas to perform this Conflict. Me Buyer may sank specific performance or elect 10 racetm the return of Biypr'6 deposll(s) without thomby waiving any adder for rinmagnA fgslllting Imm Sollars breach. T. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE: Nelfhpr this Cnmract nor any notice of II shrdt be ,ecordnd In m y public mcord;.7hgs Confrael GM11 blind and roam to the benefit of the pastes and that, euccnenam In In(ere9T Whenomt the context permits. Singular shalt Include plural and one genck r shall Inchldp sit Nnncn III~ by nr to We anomey, lot any parry sNil be lie affernive as If given by or to that party. U. CONVEYANCE: asset shall convoy Von 10 the Real Pmporly by stA inry wermnty. Initles to personal ropr0sentetivoi or (mlardion'a stood, as approprlets to ram statue of Sailor, subject only th matters contained In Paragraph VII and those pmmwlsm accepted by Buyo•. Personal Ploperty, shell, at the request of the Buyer be transferred by an Abonli lA Wm of 6Me with warranty of IIIIe, subject Only to such matters all may be otherwise provtdnd for horeln. V. OTHER AGREEMENTS: Nn prior for pmxent Rgmamenix n, rmre%entetsons shall be binding to"n nuyor or Seller unless Included In title Contrict. No dadifloallOn to a change In Ihls Contract &hot be valid or binding upon the porllen unless In wilting and executed try the Perry nor parries minnned to be bound by It. W. WARRANTYt Sellet wammnts Utat !hire are no lade known to Seller materially effecting the value of the Property Witch rota nnl rotAdty nb9nrveble by Buyer or which have not been decloaed to Buyer. a, A- 12re6 ru)"AtnM Inn rite xIOAIOt aR Are Me nOWam AAAWATIM OF fimmRos sE©Pw/cRA� 9 7 JUN,--13'97 0 1) 14:14 HOLLAND& KNIGHT TEL:7897799 Florida Association or Realtors and The Florida Bar P. 004 (This Rider is intended for use in conjunction with Paragraph X of the Florida Association of Realtors and The Florida Bar (FAR/BAR) Contract for Sale and Purchase (1995 ed.)] The following provisions are made a part of the Contract for Sale and Purchase first dated the— day of 199 ,_-_, between City of Minsai le er"); and Bethel A.M.E. Church, nc., %b/a (,c er a turC t,.�„). concerning residential Property built before 1978, the address and legal description of which is provided in the Contract, Lead -Based Paint Warning, Statement. 'Every purchaser of any interest in residential real property on which a residential dwelling was built priorto 1978 Is notified that such property may present exposure to lead from lead -based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including teaming disabilities, reduced intelligence quotient, behavioral problems, and impaired memory, lead poisoning also poses a particular risk to pregnant women. The seller of any Interest In residential real property Is requited to provide the buyer with any information on lead -based paint hazards from risk assessments or inspection in the seller's possession and notify the buyer of any known lead -based paint hazards, A risk assessment or Inspection for possible lead -based paint hazards is recommended prior to purchase." Seller's Disclosure (initial): (a) Presence of lead -based paint or lead based paint hazards (check one below) 0 Known lead -based paint or lead -based paint hazards are present in the housing. Explain: ❑ i Seller has no knowledec of lead -based paint or lead -based paint hazards in the housing. (b) Records and reports available to the Seller (check one below): ❑ Seller has provided the Buyer with all available records and reports pertaining to lead -based i i paint or lead -based paint hazards in the housing. List documents: ❑ Seller has no reports nr records pertaining to lead -based point or lead -based paint hazards in the housing. Buyer's Acknowledgement (initial): (c) Buyer has received copies or all information listed above, (d) Buyer has received the pamphlet Protect Your Family from Lead In Your Home j (e) Buyer has (check one below): ❑ Received a 10-day opportunity (or other mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead -based paint or lead -based paint hazards; or O Waived the opportunity to conduct a risk assessment or inspection for the presence of lead - based point orlead•based paint hazards. Agent's Acknowledgment (initial): (1) Agent has Informed the Seller of the Seller's obligations under 42 U.S.C. 4852(d) and is aware of Agent's responsibility to ensure compliance, Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate, Bethel A.M-E. Church, Inc. s d/b/a _City of Miami Greater Bethel A.M.E. Church SELLER Date BUYER Date By: By: SELLER Date BUYER Date AGENT Date AGENT Date Any person or persons who knowingly violate the provisions of the Residentlot Lead -Based Point Hazard Reductinn Act of 1992 may be sukiect to civil and criminal penalties and porenrial triple damages in a private clvll lawsuit. Copyright 019% FAMAR RIDERS CAN BE OBTADIED FROM FLORIDA LAWYERS SUPPORT SERVICES, iNC. (FLSS)) (904) 656-1590 sEopwicRA 9 7 _ 7 i 1�%r yf JUN. -13' 97(PR H 14:15 HOLLAN`-,KNIGHT TEL:78977' P. 005 This "As Is" Rider ("Rider") shall amend, modify and be a part of that certain Contract For Sale and Purchase ("Contract") by and between City of Miami , as Seller and Bethel A-M_E Church, Inc- r d/b/a Greater Bethel A.M.S. Church , as Buyer dated : to which this Rider is attached. Buyer and Seller agree as follows: 1, Sg]lomWarranties and Representalim; Oblieation With-Rupia to Residential Real Propga., Limitations. A, Clauses D and N of the Contract are hereby deleted. B, Seller acknowledges that the use of this Rider does not relieve Seller of Seller's responsibility to disclose latent defects materially affecting the value or desirability of residential real property. Except as set forth below and in Standard W of the Contract, Seller makes no warranty of any type, either express or implied, as to the physical condition of the Property (including but not limited to, the roof and other structural components and improvements, and the items of personal property). Seller has received no notice from any governmental agency as to a currently uncorrected building or safety code violation. Buyer expressly waives any claims against Seller or Seller's agent, including the broker, for any unknown defects or other damage which may exist or be discovered by Buyer. Buyer shall have 15 days ("Inspection Period") from the Effective Date in which to have such inspections of the Property performed as Buyer shall desire. A. Buyer shall be responsible for repair of damage or restoration of the Property required as a result of any inspections. B. If Buyer determines, in auyees sole discretion, that the condition of the Property is not acceptable to Buyer, Buyer may cancel this Contract by delivering written notice of such election to Seller within the Inspection Period. The deposit(s) paid shall be immediately returned to Buyer; thereupon, Buyer and Seller shall be released of all further obligations under the Contract. ►,. Seller shall maintain the Property, including, but not limited to, the lawn, shrubbery and pool, if any, in the condition existing as of the Effective Date, ordinary wear and tear excepted. Buyer shall be permitted access to the Property prior to the closing for a walk-through to ensure that all items of Personal Property are on the Property; all required repairs and replacements, if any, have been made and the Property, including, but not limited to, the lawn, shrubbery, and pool, if any, has been maintained in the condition existing as of either the Effective Date, date of inspection, or date of repair, whichever may be applicable. Bethel A.M.E. Church► Inn--, d/b/a Greater Bethel A.M.E. Church By: ("Buyer") Dated: FARMAR-t; 1994 BY: ("Seller") Dated: TO ORDER CALL FLORIDA LAWYERS SLTPORT SERVICES ffUSr) fM4 676.75" SEOPW/CRA. 9 7 - "� .1p JUN., -'13' 97 (FRI) 14:16 HOLLAN►'-4NIGHT TELc78977(" P.006 ADDENDUM TO CONTRACT FOR SALE AND PURCHASE OF REAL PROPERTY THIS ADDENDUM TO CONTRACT FOR SALE AND PURCHASE OF REAL PROPERTY (this "Addendum"), hereby modifies that certain Contract for Sale and Purchase of Real Property (the "Contract") entered into by and between City of Miami, a municipal corporation of the State of Florida (the "Sellers") and Bethel A.M.E, Church, Inc., d/b/a Greater Bethel A.M.E. Church, a Florida Not -For -Profit corporation (the "Buyer"), with respect to the real property located at 269 N.W. 8th Street, Miami, Florida (the "Property"), as follows: 1. Conflict• termsw In the event of a conflict between the Contract and this Addendum, this Addendum shall control to the extent of any such conflict, Unless specifically defined herein, capitalized terms used herein shall have the same meaning set forth in the Contract. 2. Evidence of Title. Notwithstanding any language in the Contract to the contrary, the Sellers hereby agree to provide an existing or prior owners title insurance policy qualified for use as a title base for reissuance of coverage on the Property at the Purchase Price (the "Prior Policy"), together with copies of all exceptions thereto and, a computer title search printout and name search printout, from the effective date of the Prior Policy and certified to the Buyer's closing agent, together with copies of all documents recited in the Prior Policy and in the computer searches. a. Certification, Marketability. Evidence of Title shall be certified or brought current through a date not more than thirty (30) days prior to Closing. Evidence of Title shall show a marketable title of record in the Sellers, in accordance with current title standards adopted by the Florida Bar, subject only to those title exceptions permitted by the Contract or which shall be discharged by the Sellers at or before Closing, At Closing, the Sellers shall convey to the Buyer a marketable title of record as subscribed in this paragraph, b. Delivery, Examination. The Sellers, at the Sellers' expense, shall deliver Evidence of Title, as defined above, to the Buyer within fifteen 0 5) days after the Effective Date of the Contract and if Evidence of Title is not received by the Buyer as required, the Buyer may delay the Closing so that the Buyer shall have up to 15 days from the date of receipt of Evidence of Title to examine same. Buyer shall examine Evidence of Title within 15 days after receipt thereof, and the Buyer shall, within the same 15 day period, notify the Sellers in writing of any title defects, If any title defects render the title unmarketable and/or uninsurable, the Sellers shall use diligent efforts to cure such defects (including the bringing of necessary lawsuits) within sixty (60) days from the receipt of such notice. If the Sellers shall fail to cure such defects within the 60 day period, the Buyer shall have the option of (1) accepting title as it is; or (2) demanding a refund of the Deposit, in which case, the SEOPW/CRA 9 7 - 7 JUN. -13' 97(FRI) 14:16 HOLLANW IiNIGHT TEL: 78977� P, 007 Deposit shall forthwith be returned to the Buyer, and the Buyer and the Sellers shall be relieved, as to each other, of all obligations under the Contract. Upon Closing, j the Evidence of Title shall become the property of the Buyer. i 3, Purchase Moneytoad Mortgage. The Seller agrees to provide the Buyer with a purchase money note and mortgage (the "Note and Mortgage") to finance the purchase of the Property. The Note and Mortgage shall be in the principal amount of $65,000.00 and shall be in a form mutually acceptable to the Seller and the Buyer and contain the basic terms prescribed in paragraph B of the Contract. The Note and Mortgage shall have an interest rate of six percent (6%) per year amortizing in thirty (30) years with a balloon payment in fifteen (15) years. 4. Counterparts; Facsimile _ copies. This Addendum may be executed in counterparts and all such counterparts shall constitute one (1) addendum, binding on all of the parties hereto. Facsimile copies of this Addendum, signed in counterparts, shall be considered for all purposes, including delivery, as originals, and shall also constitute one (1) addendum, binding on all of the parties hereto. IN WITNESS WHEREOF, each of the parties has duly executed this Addendum as of the respective date set forth below. MIA3.506101 SELLERS: CITY OF MIAMI, a municipal corporation of the State of Florida By: Name: Its: BUYER: Bethel A.M.E. Church, Inc., d/b/a Greater Bethel A.M.E. Church, a Florida Not -For Profit corporation By: Name: Its: 2 SBOPW/CRA . 97— a- 'IN CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Chairman and Board of Directors DATE: July 2, 1997 FILE Community Redevelopment Agency _ SUBJECT: Sale of 269 N.W. 8 Street Bailey % Herbert J. y , FROM: Executive Direc / a REFERENCES Community Redeve f e t Agency ENCLOSURES: I It is respectfully recommended that the CRA's Board adopt the attached Resolution i authorizing the sale of the building addressed as 269 N.W. 8th Street, Miami, Florida to the Greater Bethel A.M.E. Church. On December 16, 1996, the CRA Board for the Southeast Overtown/Park West Redevelopment District passed Motion No. 96-12 approving the sale (see attached Motion). The building will be sold as is at the appraised value of $95,000. The buyer will deposit the sum of $30,000 to finance the purchase of the property. The CRA will take a Purchase Money Mortgage of $65,000 at an interest rate of six percent (6%) per year amortizing in thirty (30) years with a balloon payment in fifteen (15) years. Enclosures: Proposed Resolution CRA Motion 96-12 SBOPW/ CRA 9 7 - 7