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HomeMy WebLinkAboutR-99-0011Y .1 1 Wit: LT-99-12 12/16/98 RESOLUTION NO. A RESOLUTION, WITH ATTACHMENTS, ACCEPTING THE PLAT ENTITLED LINDSLEY SUBDIVISION, A SUBDIVISION IN THE CITY OF MIAMI, FLORIDA, SUBJECT TO ALL OF THE CONDITIONS OF THE PLAT AND STREET COMMITTEE, AND ACCEPTING THE DEDICATIONS SHOWN ON SAID PLAT; AUTHORIZING AND DIRECTING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE PLAT; AND PROVIDING FOR THE RECORDATION OF SAID PLAT IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. WHEREAS, the City Department of Public Works recommends the acceptance of the plat entitled Lindsley Subdivision, NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The plat entitled LINDSLEY SUBDIVISION, is a subdivision of the East 100 feet of the West % of the Northwest 3, of the Northeast Y4 of the Northeast 3; of Section 6, Township 54 South, Range 41 East, less the South 405 feet and less the North 35 feet, lying and being in the City of. Miami, Miami -Dade County, Florida, which plat by reference is made a part hereof as if fully incorporated herein, and subject to all of the conditions required by the Plat and Street Committee as set forth as Exhibit "A" attached hereto, is hereby accepted. The dedications shown on the plat together with the dedications to the perpetual use of the public of all existing and future planting, trees and A T T A L s� CONTAINED My COMUSSI011 Y rlr'TaA"G OF JAN 12 1999 R"Oiution 0-� shrubbery on said property, are also hereby accepted and confirmed by the City of Miami, Florida. Section 2. The City Manager and City Clerk are hereby authorized and directed to execute the plat and cause the same to be recorded in the Public Records of Miami -Dade County, Florida. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.11 PASSED AND ADOPTED thisl2th day of January , 1999. ATTEST: WALTER J. FOEMAN CITY CLERK WESS : i�/ JOE CAROLLO, MAYOR W3132 : GMM: csk In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of this legislation by signing it in the designated place providee, said legislation now $ecomes effective with the elapse of ten (10) days f rn the d^to of Corm iissim {cU apgarding same, without the Mayo e cising a v Wa Citv Clark 1� If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. - 2 - S9` I `d,,..i3c'N*asrx4?}is2` al ;crtiw}.�Xr'Te� i*'Z;.3itN9».rir.-yh"" Donald H. Warshaw )AMES ). KAY, P.E. Director City Manager 0 August 6, 1998 Lakes Investment Corp.jj�/ 1401 Ponce de Leon Boulevard, #102 Coral Gables, Florida 33134 Dear Ladies and Gentlemen: RE: LINDSLEY SUBDIVISION - NEW TENTATIVE PLAT #1525-A The City of Miami Plat and Street Committee, at its meeting of July 2, 1998, approved the above plat subject to the following revisions being made to the tentative plat, additional information being provided and/or variances being granted . Please be advised that the processing of your tentative plat cannot proceed until these conditions have been satisfied. 1. Show surrounding subdivisions and zoning designations in location sketch. 2. Tree statement must be corrected to read "No trees...". 3. State on plat that Tract "B" is a non -buildable tract. Also provide written response from Juan Gonzalez, Chief Zoning Administrator, if a statement on the plat is required stating that no access shall be permitted through Tract "B". 4. State in Zoning information "C-1, Restricted Commercial" and "R-2, Two Family Residential". 5. Contact Miami -Dade 'eater and Sewer Department for water main requirements on N.W. 6 Street. 6. A fire hydrant is required on N.W. 7 Street. 7. State in flood zone information "Federal Flood Zone". 8. Remove specific purpose statement from plat. In addition to the above requirements, you should be aware of the following: 1. State and local laws require the installation of various physical improvements in the public rights -of -way when property is platted. These subdivision improvements include paving, drainage, landscaping, sidewalks, etc. In some cases this could represent a substantial investment on your part. Page 1 of 2 DEPARTMENT OF PUBLIC WORKS /444 S.W. 2nd Avenue/Miami, Florida 33130/(305)416-1200/Fax:416-2153 Mailing Address: P.O. Box 330708 Miami, Florida 33233-0708 S 9 7-, m^�+5.' n Lakes Investment Corp. August 6, 1998 Lindsley Subdivision 2. The alternation, relocation or installation of utilities such as storm and sanitary sewers, electric, telephone, water, etc., caused by this plat will be at the property owner's expense. Also, utility easements may be required on the property being platted. 3. A building permit will not be issued on the property being platted until the final plat is recorded. Also, the Certificate of occupancy for any building construction will be only after all the required subdivision improvements have been completed. 4. Approval for fire flow requirements must be obtained from the Fire -Rescue Department prior to the issuance of a building permit. 5. Additional items must be provided to the City of Miami Department of Public Works before the final plat is submitted to the City Commission for approval. You will be notified in writing as to what these items are after the amount of the bond has been determined for the necessary subdivision improvements. 6. Tentative plat approval is only valid for one (1) year from the date of the Plat and Street Committee Meeting at which time it was approved. If you have any questions concerning these requirements, please refer to the attached sheet for the appropriate person to contact. cerely, James J. Kay, P.E Chairman, Plat and Street Committee JJK:gc Enclosure: Contact Sheet cc: Jose E. Fuxa 7555 S.W. 30 Street Miami, Florida 33155 Page 2 of 2 77 THE CITY OF MIAMI, FLORIDA DEPARTMENT OF PUBLIC WORKS NOVEMBER 25, 1998r REPORT OF PROPOSED RECORD PLAT OF LINDSLEY SUBDIVISION LOCATED ALONG NW 6 STREET AND NW 7 STREET AT APPROXIMATELY NW 48 PLACE A SUBDIVISION IN THE CITY OF MIAMI, FLORIDA The accompanying Plat entitled LINDSLEY SUBDIVISION was prepared by Jose E. Fuxa. It is in correct form for submission to the City Commission and is forwarded with a recommendation that it be approved. PERTINENT INFORMATION REGARDING THE PLAT: 1. The property platted is a subdivision of the East 100 feet of the West Y� of the Northwest %4 the Northeast the Northeast of 4 of Section 6, Township 54 South, Range 41 East, less the South 405 feet and less the North 35 feet, lying and being in the City of Miami, Miami- Dade County, Florida. The area platted consists of two (2) tracts containing approximately 0.49 t of an acre. It is zoned C-1. 2. The location of the streets and their widths conform with the standards of the Department of Public Works of the City of Miami, Florida. 3. As certified to by Jose E. Fuxa, Registered Surveyor and Mapper, this Plat complies with the plat filing laws of the State of Florida. 99- 11 9,'�e�4"Trt�U:9^iP'C"pZ°arMAry'7-'.enF".c"Srx777 tti�a 79"'n4`Y^}�,Y' .3✓:. YP �Fn/P.1.@+naY+%•=�ms-.n-'*aT.w.�z'�?YF+t'�x7 r' a.,.: i ,ry+J . S �� ::�} t:; 4. The Certificate of Title Examination dated _ /;Gl,-e�rXe - signed by Deborah D. Figarola, Attorney, indicates that the fee simple title to the property platted is correctly vested in Vista Lake Apartments, Inc., a Florida corporation, and the Plat has been correctly executed. 5. The area platted is encumbered by a mortgage and the mortgage holder has executed the Plat and joined in its dedications. 6. In accordance with the requirements of Chapters 54 and 55, of the Code of the City of Miami, Florida, a Letter of Credit, SB 981123002, in the amount of $7,268.00 has been executed by Ocean Bank. The Letter of Credit will accompany the Agreement between the City of Miami, Florida and Vista Lake Apartments, Inc., Principal, to guarantee the construction of 4-inch concrete sidewalk, 6-inch concrete sidewalk and asphaltic concrete pavement with limerock base; the installation of solid sod, with soil and top dressing, and trees, with root guards; and the removal of existing sidewalk. 7. The attached Resolution has been prepared for the acceptance of the Plat by the City Commission of Miami, Florida. Frank R. McMahon, Jr.; P.S.M. City Surveyor 99- 11 w ' fi, „r �� x ,a .y ems aTrravx' DATE: December q , 1998 To: CITY OF MIAMI, a municipal corporation With the understanding that this Opinion of Title is furnished to CITY OF MIAMI, FLORIDA, in compliance with Section 55-8 of the Miami City Code and as an inducement for acceptance of a proposed final subdivision plat covering the real property hereinafter described. It is hereby certified that I have examined the following: (a) Owner's Title Insurance Policy No. OG-984604, issued through Attorney's Title Insurance Fund, with an effective date of February 25, 1983, at 3:30 P.M. (b) Computer Title Print -Out covering the period from November 15, 1976 through November 15, 1998, at 11:00 P.M. covering the period from beginning to November 15, 1998, at 11:00 P.M., inclusive, of the following described property: The East 100 feet of the West 1/2 of the Northwest 1/4 of the Northeast 114 of the Northeast 114 of Section 6, Township 54 South, Range 41 East, less the South 405 feet and less the North 35 feet, lying and being in Miand-Dade County, Florida. I have also examined Warranty Deed from LAKES INVESTMENT CORP. to VISTA LAKE APARTMENTS, INC. dated November 3, 1998, filed for record November 15, 1998, in Official Records Book 18348 at Page 1790, of the Public Records of Miami -Dade County, Florida. Basing my opinion on said Owner's Title Insurance Policy, Title Print -Out, and Warranty Deed, I am of the opinion that as of November 15, 1998, the fee simple title to the above described real property was vested in: VISTA LAKE APARTMENTS, INC., a Florida corporation. Subject to the following encumbrances, liens and other exceptions: GENERAL EXCEPTIONS: 1. All taxes for the year in which this opinion is rendered and subsequent years. 2. Rights of parties in possession other than the above owner. 3. Facts that would be disclosed by an accurate survey. - � S � Opinion of Title Page 2 -------------------------------------- 4. Any unrecorded labor, mechanics, or materialmen's liens. 5. Zoning and other restrictions imposed by governmental authority. SPECIAL EXCEPTIONS: 6. Mortgage in favor of OCEAN BANK in the original amount of $2,892,512.00, dated November 3, 1998, filed for record November 15. 1998, in Official Records Book 18348 at Page 1793, of the Public Records of Miami -Dade County, Florida. 7. Agreement between City of Miami and American Telephone and Telegraph Company by AT&T Communications, Inc., dated July 14, 1987, filed September 17, 1987, under Clerk's File No. 87R-0357218, in Official Records Book 13415 at Page 1038, of the Public Records of Miami -Dade County, Florida. Therefore, it is my opinion that the following parties must join in the platting of the above described real property in order to grant CITY OF MIAMI, FLORIDA, and the public, a good and proper title to the dedicated areas shown on the final plat of the aforedescribed property, the subdivision to be known as:_ LINDSLEY SUBDIVISION. Name VISTA LAKE APARTMENTS, INC., a Florida corporation OCEAN BANK, a Florida banking association Interest Special Exception Number Owner -- Mortgagee 6 I, the undersigned, further certify that I am an Attorney at Law duly admitted to practice in the State of Florida, and am a member in good standing of the Florida Bar. Respectfully submitted this ''/ � day of December, 1998. DDF/mp Cr I MARM-P I DISK1071VISTA-LA. 0PN DEBORAIAP. FIGAROLA, ESQ. Attorney a aw Ocean Bank Legal Department 780 N.W. 42nd Avenue, Suite 300 Miami, Florida 33126 99- l CERTIFIED COPY OF CORPORATE RESOLUTION OF OCEAN BANK 1, LUIS A. CONSUEGRA, General Counsel and Secretary of OCEAN BANK, do hereby certify that the following is a true copy of a resolution adopted at a meeting of the Board of Directors of this association, duly held on April 23. 1.998, and that such resolution is still in full force and effect: "RESOLVED_ TO appoint those persons rained in the list distributed in this u;teeting, to the offices set firth opposile their respective names. Each to hold office until the next annual organi_ational meeting of the Board if Directors, or until a successor- of each shall have been elected and shall have qualified, o until his earlier resiguration, removal from office or death, and that a cop}, ©ffsaid list of officers be attached to the mimNes of this meeting as exhibit. " I further certify that on said date, DANILO PEREZ was appointed Senior Vice -President of OCEAN BANK, and is authorized to execute and deliver on behalf of this corporation any and all documents that may be required, including but not limited to: any and all plats, joinders of mortgagee, consents, and any and all other documents necessary to be executed on behalf of OCEAN BANK, and more specifically, he is authorized to execute the plat entitled "LINDSLEY SUBDIVISION". I further certify that that the undersigned is the duly appointed General Counsel and Secretary of OCEAN BANK, and I am authorized to attest to the signature of the President, any Senior Vice- ` President or Vice -President on any documents executed by any of them on behalf of OCEAN BANK. I FURTHER CERTIFY that the above Resolution was duly and regularly enacted at a meeting of the Board of Directors called for that purpose and held in accordance with the By -Laws of the Corporation in Florida; that the Directors of the Corporation have full power and authority to bind the Corporation pursuant thereto; that the Resolution is in full force and effect and has not been altered, modified or rescinded. I \S 4L > IN WITNESS WHEREOF, I have affixed my hand and corporate seal this day of December, 1998. LUIS A. CONSUEGRA, General Counsel r" and Secretary.��''; STATE OF FLORIDA: .r i n COUNTY OF DADE: The foregoing instrument was acknowledged before me by LUIS A. CONSUEGRA, General Counsel and Secretary of OCEAN BANK, who is personally known to me, and he acknowledged before me that he executed the same, freely and voluntarily, for the purposes therein expressed. WITNESS my hand and official seal in the County and State last Afaysaid on this day of December, 1998. NOT RY PUBLIC, STATE O LORIDA My commission expires: L�' P.k,�r?f,� F. �,F �s C:Wk1A-PID1SK107IOCF.ANBK.COR IFUF f: � ArL,-IT:C SGn U;ri" GO-,:t4C. 1 �?rt�`"`rf���h""s""£ate h- +:. $• a4f..Y,`XtL3Ek���A+WCP'K�lw6Y�Nu;� l7, t •:f z.�. :fji: i:' • �� ;�. AGREEMENT FOR CONSTRUCTION OF CERTAIN IMPROVEMENTS PURSUANT TO PROVISIONS OF CHAPTER 54, SECTION 54-46 AND CHAPTER 55 THE CODE OF THE CITY OF MIAMI, FLORIDA WHEREAS, Vista Lake Apartments, Inc., a Florida corporation, (hereinafter referred to as the "Owner"), concurrently with the delivery of this Agreement, has applied to THE CITY OF MIAMI, FLORIDA, (hereinafter referred to as the "CITY"), for the acceptance and confirmation by the Commission of said City., of a certain proposed plat of a subdivision to be known as Lindsley Subdivision , a copy of which proposed plat is attached hereto and made a part hereof as Exhibit "A"; and WHEREAS, Chapter 54, Section 54-46 and Chapter 55, THE CODE OF THE CITY OF MIAMI, FLORIDA, requires that any proposed plat, submitted to said Commission for acceptance and confirmation, shall be accompanied by an Agreement entered Into by the Owner of the land being platted, with the Director of the Department of Public Works on behalf of said City, for the construction of certain improvements therein enumerated, the performance of which Agreement shall be secured by a good and sufficient Performance Bond, Letter of Credit or Cashier's Check; NOW, THEREFORE, the owner hereby covenants and agrees with said City as follows: 1. Within one (1) year from the effective date of the acceptance and confirmation of said plat by the Commission of said City, or prior to the issuance j�'Zt"�� "A h by the City of Miami of a Certificate of occupancy for the premises, the Owner will construct, or cause to have constructed, at his own expense and in accordance with standard specifications of said City, all improvements as are listed and described upon the estimate of cost of said improvements, a copy whereof is attached hereto as Exhibit "B" and made a part hereof. Although one year is allowed for the completion of the aforementioned improvements, it Is not in the public interest that such construction of work should be prolonged to the extent that it would have a disorganizing effect upon the neighborhood. After the work is started, the Owner hereby agrees to prosecute said work progressively so as to complete it in a reasonable length of time as determined by the Department of Public Works. 2. In accordance with the provisions of said Chapter 54, Section 54-46 and Chapter 55, THE CODE OF THE CITY OF MIAMI, FLORIDA, the Owner herewith tenders to the City a Letter of Credit duly executed by the (Bank) Ocean Bank in the amount of S 7$ , 268.00 , which amount is not less that one hundred (100%) percent of the estimated cost of the construction of the improvements listed in the attached Exhibit "B", plus twenty-seven (27%) percent for engineering and contingent costs and damages, and upon completion of the construction of said Improvements and subsequent to the submission by the owner to The City of Miami Department of Public Works a letter from a Registered Surveyor and Mapper certifying that the Permanent Reference Monuments indicated on the Plat have been properly installed and are in place, said Letter of Credit shall be released. 99— 11 3. In the event the Owner shall fail or neglect to fulfill his obligations under this Agreement, the conditions of the said Letter of Credit shall be such that the (Bank) ocean Bank shall, within thirty (30) days after receipt of written notice from the Director of the Department of Public Works of said City of the failure or of the neglect of the Owner to perform this Agreement, construct, or cause to be constructed, the Improvements set forth in Exhibit "B" hereof, pay to the City a sum up to the aggregate amount of $ 7,268.00 4. The City shall have the right to collect the sum estimated to construct or complete the improvements set forth in Exhibit "B", said sum to be estimated by the Department of Public Works of the City, which shall include engineering and contingent costs and any damages direct or indirect, not to exceed twenty-seven (27%) thereof, plus reasonable attorneys' fees which the City may sustain on account of the failure of the owner to carry out and execute the provisions of this Agreement; provided further that the city Commission of Miami, Florida, shall have the right to construct, or cause to be constructed, after public advertisement and receipt of bids, the improvements as provided for in said Agreement, and in the event that the City Commission of Miami, Florida, exercises such right, it shall have the right to collect the final total costs of said Improvements, together with any engineering and contingent costs, and any damages direct or indirect, not to exceed twenty-seven (27%) percent thereof, plus reasonable attorneys' fees, which the City may sustain on account of the failure of the owner to carry out and execute the provisions of this Agreement. Said Letter of Credit is attached hereto as Exhibit "C" and made a part hereof by reference. ' :{ � ..1 _ 1 i � � _ 1 .. .�� t.`.�.-;f(�'E�.,it�i��r`:,YN��� ,¢ GT:wi`. f:i• IN WITNESS WHEREOF, the owner has caused this Agreement to be executed In triplicate this _ 19th day of November , AD, 19 98 Signed, Sealed and Delivered owner: In the Presence of: 7,cretfaNankc : vista Lake Ap tmentr, Inc. Muni Principal (Corp ation) (Corporate Seal) ATTEST: secretary (corporate Seal) Jorge B. Muniz Principal (Corporation) President Approved and accepted on behalf of the City of Miami, Florida, this Z day of -C - A.D., 19 _ BY: �-• Dire or, Depart en f Public Works 99- 11 iWXr $iy"G�LTee�+i'p1'd�� 'N. ri X l ., 77 7��T__kft �' :,. tj hilt f,e�r`' '1.iC"�, �'X3+'.R%�� y'...'•;k. {A k'C,�';tw�' ,$c CORPORATION FORM IN WITNESS WHEREOF, the OWNER has caused these presents to be executed and signed in its name by its proper officer(s),and its corporate seal to be affixed hereto and attested to by its Secretary, the day and year first above set forth. Signed, Sealbd and Delivered In the PreFence of: / tciu: / WITN�9S PRINT NAME LYyGG /y1 / cC s E . ZcS AL 4n r/I �)) . PRINT ADDRESS CITY, STATE AND ZIP CODE WITNESS PRINT NAME PRINT ADDRESS CITY, STATE AND ZIP CODE STATE OF FLORIDA ) COUNTY OF MIAMI-DADE ) Vista Lake Apart ents, Inc. By: PRES Jorge B. Muniz ATTEST: S'"OETARY Nancy L. r iz CORPORATESEAL r. I hereby certify: That on this day personally appeared before me, an officer duly authorized to administer oaths and take acknowledgments, Jorqe B. Muniz and Nancv L._Muniz , President and Secretary respectively of Vista Lake Apartments, Inc. r a Aida Corporation, e-e'r who ave has) produced�Lc�,�;, >� 1) andcL� r "spectiveiy as identification and who executed the foregoing instrument and acknowledged the execution thereof to be _ f�=—free act and deed as such officer(s) for the purposes therein expressed and who id (did not) take an oath. 99- 111 . -.:... } a. _ .v. z ,z� Mann.._Y' i Witness: My hand and official seal this / 11 day of,��� ,:2 _, A.D., 19 9B . Signature of Person Taking Acknowledgement: Print Name of Acknowledger;f� Notary Public, State of F"�•;2,' hr'r Serial Number; of any) C c -7s l ti) z � °f Michael S Carter ***My Commission CC7N410 My Commission Expires: 7/sir„2 ��,,,, Expires July 5.2002 APPROVED: a."Z // 0=e� DIR TQR, DEPARTMEN/TAF PUBLIC WORKS TO ACCOMPANY THE AGREEMENT BETWEEN THE CITY OF MIAMI, FLORIDA and VISTA LAKE APARTMENTS, INC. FOR IMPROVEMENTS AT LINDSLEY SUBDIVISION LOCATED ALONG NW 6 STREET AND NW 7 STREET AT APPROXIMATELY NW 48 PLACE REMOVE APPROXIMATELY 300 SQUARE FEET OF EXISTING $ 300.00 CONCRETE SIDEWALK CONSTRUCT APPROXIMATELY 650 SQUARE FEET OF 4-INCH $1,950.00 CONCRETE SIDEWALK CONSTRUCT APPROXIMATELY 150 SQUARE FEET OF 6-INCH $ 600.00 CONCRETE SIDEWALK CONSTRUCT APPROXIMATELY 80 SQUARE YARDS OF 1-INCH $1,040.00 ASPHALTIC CONCRETE SURFACE AND 8-INCH LIMEROCK BASE PROVIDE AND INSTALL APPROXIMATELY 280 SQUARE FEET $ 140.00 OF SOLID SOD (INCLUDING SOIL AND TOP DRESSING) PROVIDE AND INSTALL FOUR (4) SILVER BUTTONWOOD TREES $ 880.00 (SINGLE TRUNK WITHOUT ROOT GUARDS) 10% CONTINGENCY $ 491.00 17% ENGINEERING AND INDIRECT COST $ 919.00 TOTAL ESTIMATED COST OF IMPROVEMENTS $6,320.00 AMOUNT OF LETTER OF CREDIT $7,268.00 (115 percent of the cost of improvements) 99 11 JEKNADONAiDEPARTmEMT 4|�� }hw��42woAVENUE J|TE40\ '|A/w|' FLORIDA ]3l26 OCEAN BANK IRREVOCABLE LETTER OF CREDIT SB981123002 NOVEMBER 23, 1998 ' CITY OF MIAMI ' PUBLIC WORKS DEPARTMENT � (IMPROVEMENTS) 444 S.W.2ND.AVE. MIAMI, FLORIDA 33130 GENTLEMEN: LC Unit: (305)569-5432 5o9'S449 O6|eginn Unit: 569'5123 Operations Fax: (]05)44]'a26n Trade Finance: (305) 56+5435 Fax: (]Oj)4444a64 Telex Mo.:67]7*j6 WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO.SB981123002 IN YOUR FAVOR FOR ACCOUNT OF VISTA LAKE APARTMENTS, INC., 12128 S.W. 75 STREET, MIAMI, FLORIDA 33187, IN THE AMOUNT OF SEVEN THOUSAND TWO HUNDRED SIXTY—EIGHT AND NO/100 U.S.DOLLARS (USD7,268.00) '— ` COVERING CREDIT FACILITY EXTENDED,TO VISTA LAKE APARTMENTS INC. THIS STAND—BY LETTER OF CREDIT,ISiAVAI �TO FICIARY AGAINST THE PRESENTATION OF THE FOLLOWING DOCUMENTS:. 1) DRAFT(S) DRAWNATSIGHT .ONOCEAN BANK. 2) BENEFICIARY'S SIGNED STATEMENT CERTIFYING THAT VISTA LAKE _ APARTMENTS INC., HAS DEFAULTED UNDER ITS OBLIGATION TO CITY OF MIAMI PUBLIC WORKS DEPARTMENT (IMPROVEMENTS) AND THE AMOUNT DRAWN NOT EXCEEDING SEVEN THOUSAND TWO HUNDRED SIXTY—EIGHT DOLLARS WITH 00/00 (USD7,268.00) REMAINS UNPAID AND PAST DUE. THIS STANDBY LETTER OF CREDIT EXPIRES ON NOVEMBER 23, 1999 SPECIAL CONDITIONS: ***ALL BANKING CHARGES OTHER THAN OCEAN BANK ARE FOR ACCOUNT OF THE BENEFICIARY. ***DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION AT THE COUNTER OF OCEAN BANK 780 N.W. 42ND. AVENUE SUITE 403 WITHIN THE VALIDITY OF THIS CREDIT. THIS LETTER OF CREDIT SHALL BE VALID UNTIL NOVEMBER 23, 1999 AND INTERNATIONAL DEPARTMENT 7B0 N.W. 421No AVENUE SUITE 401 MIAMI, FLORIDA 33126 LC Unit: (305) 569-5431 569-5449 Collections Unit: 569-5123 OCiHAN BANK Operations Fax: (305) 443-3260 Trade Finance: (305) 569-5435 Fax: (305) 444-9664 Telex No.: 6737456 ELECT NOT TO SO RENEW THIS LETTER OF CREDIT. REIMBURSEMENT" INSTRUCTIONS: *-)(—PAYMENT AT SIGHT WILL DE EFFECTED AFTER RECEIPT OF DOCUMENTS PROVIDED THAT ALL TERMS AND CONDITIONS OF CREDIT HAVE BEEN COMPLIED WITH, FOLLOWING YOUR PAYMENT INSTRUCTIONS. ***F I F 1-Y FIVE U.S. DOLLARS ' (U S` 5. i210) FEE WILL HE DEDUCTED FROM PROCEEDS IF DOCUMENTS HAVE ANY DISCREPANCIES. . WE HEREBY AGREE WITH YOU THAT ALL DRAFT(s) DRAWN UNDER AND IN D COMPLIANCE WITH TERMS OF THIS STAND-BY LETTER OF CREDIT WILL BE DULY HONORED UPON PRESENTATION, AS SPECIFIED HEREIN. THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDIT (1993 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION 500. OCEAN DANK AUTHORIZED SIGNATURE 99-- 11 'r 1 a ,f ..; _ # fi .3+•ttN#� il, ., ) w' >J bS. RN Sf'f'dW Y _, Ni'•. - �- F � ,- , 'uAriw,v i.:�,r a,N� �q - e .{awn , ,. .. „ . . � «.,yr, q .. .. N.w., a. ..,..,. . ,.J � , a � �..... .� . .� M*� \h. .e{kp'='�'� , ;.' t x '• CORPORATE, RESOLUTION I, Secretary of VISTA LAKE APARTMENTS, INC., a corporation organized and existing under the laws of the State of Florida, do hereby certify that said corporation is a valid corporation in good standing and further certify that the following is a true and correct copy of a Resolution adopted by the Board of Directors of the corporation at a duly called meeting of the Directors, which meeting was a valid meeting called and held in accordance with the By -Laws of said corporation, at which meeting the following Resolution was unanimously adopted: BE IT RESOLVED THAT: JORGE B. MUNIZ., as President of the Corporation be and he is hereby authorized and directed to sign documents on behalf of the Corporation as may be necessary or required in connection with the proposed final subdivision plat entitled LINDSLEY SUBDIVISION. I FURTHER CERTIFY that the above Resolution was duly and regularly enacted at a meeting of the Board of Directors called for that purpose and held in accordance with the By -Laws of the Corporation in Florida; that the Directors of the Corporation have full power and authority to bind the Corporation pursuant thereto: that the Resolution is in full force and effect and has not been altered, modified or rescinded, and the following are duly elected Officers and Directors of the Corporation: JORGE B. MUN1Z - PRESIDENT NANCY L. MUNIZ - SECRETARY IN WITNESS WHEREOF, I have affixed my hand and corporate seal this day of November, 1998. 4Nac. Mu , Secret; 99- 11 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM To : The Honorable Mayor and Members of the City Commission FROM 46nalWarshaw City Manager RECOMMENDATION: CAM12 DATE : J f, N 4 1999 FILE SUBJECT LINDSLEY SUBDIVISION: Resolution Accepting Proposed REFERENCES Record Plat Located along NW 6 Street and NW 7 Street at ENCLOSURES approximately NW 48 Place It is respectfully recommended that the City Commission adopt a resolution accepting the plat LINDSLEY SUBDIVISION and approving recording the same in the Public Records of Miami - Dade County, Florida. BACKGROUND: The Department of Public Works has reviewed this plat, and has determined that it is now in order for acceptance by the City Commission. The proposed record plat entitled LINDSLEY SUBDIVISION is a subdivision of the East 100 feet of the West'/z of the Northwest % of the Northeast Y of the Northeast Y of Section 6, Township 54 South, Range 41 East, less the South 405 feet and less the North 35 feet, lying and being in the City of Miami, Miami -Dade County, Florida. The area platted consists of two (2) tracts containing approximately 0.49 ± of an acre. It is zoned C-1. Also attached are the following documents necessary for the City Commission to consider in making their decision: 1) Resolution accepting the Plat 2) Engineering Report 3) Plat and Street Letter 4 yPrint of Proposed Record Plat DHW/F3&11JJK rJ c: James J. Kay, Director, Public Works Department 99-- 11 11 � �s��F'fii.+�`''k`��k��h���'i�ru3h�r. 9a� t . r ��``"'^"'�y�*nr � ,-�ann�,w'k�•�s�ts�--� ,f , }° .1}J1iYj f r t. .?� �� ��.; rv�_,: JV � .nJ '4 �' 'SN: rS kl� f �4 k ; _ /•,