HomeMy WebLinkAboutQuit Claim Deed[i.,il 11111111111111111111111111111111111111
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This Instrument Prepared By i RECTERDED 08/27/200F Oci -' 12.' 00
DEED DO TAX9r?•77.4:
and Return in, �h,7 co DEED c1U i -V 7, 2H . 0
Ilene Temchin, Esq, ,� CLERK C> v c
City of Miami HAF;� E< <JJS`? i t CL�F.r. %.r i=Ci fi i
5 nG G i!TAII-4'f :s�`•JriT; F! [F:{L'R
Office of the City Attorney T
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4,d4 S.W. 2'4 Avenue
Miami, Florida 33t30-1910
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This Quit -Claim Deed, is made as of this 20th day of August, 2008, by the City
of Miami, a municipal corporation of the State of Florida, whose post office address is
444 S.W. 2°d Avenue, Miami, Florida 33130, hereinafter called the "Grantor", to
Madison Housing, Ltd., a Florida limited partnership, with offices at c/o The Gatehouse
Group, Inc,, Cabot Business Park, 120 Forbes Boulevard, Mansfield, MA 02048,
hereinafter called the "Grantee".
Witnesseth: That the Grantor, for and in consideration of the sum of Ten Dollars
($10.00) and other valuable consideration, the receipt of which is hereby acknowledged,
does hereby remise, release, convey and quit -claim unto the Grantee forever, all of the
Grantor's right, title and interest in that certain land situate in Miami -Dade County,
Florida, hereinafter referred to as the "Property', to wit:
Tracts B and D, New Hope Overtown, according to the Plat
thereof, as recorded in Plat Book 157, at Page 14, of the Public
Records of Miami -Dade County, Florida
Subject to:
1, Conditions, restrictions, easements, limitations and reservations of record, though
this reference is not intended to reimpose same;
2. Applicable zoning ordinances, codes, rules and regulations;
Taxes and assessments for the current year and all subsequent years;
4. The Property is being taken by the Grantee "as is" with the Grantee being solely
responsible for the removal of any environmental contamination if present on the
Property;
The Grantee and Grantee's beneficiaries agree, for themselves and any successor
in interest, to pay the real estate taxes or assessments on the Property or any part
thereof when due. In the event that the Property is ever declared to be "immune"
or "exempt" from the payment of ad -valorem taxes, the Grantee agrees, for itself
and any successors) in interest, to pay to the Grantor an annual payment which
shall be in an amount equal to the amount the Grantor would have received as ad
valorem taxes based cn the valuation method employed by the county property
Record And Return TO:
Carmen Canelas, CLA
Museum 'rower, Suite 2200
150yUccf cl-
appraiser pursuant to Chapter 193 Florida Statutes, as amended from time to time;
and
6. Title to the Property shall immediately and automatically revert to and vest in the
Grantor upon the occurrence of any one or more of the following events:
(a) on or before August 20, 2009, or such later date as may be
approved by the City Commission of the City of Miami, the
Grantee has not commenced construction, to the satisfaction of the
Grantor in its sole judgment, of seventy five (75) multifamily
apartments on the Property; or
(b) on or before August 20, 2010, or such later date as may be
approved by the City Commission of the City of Miami, all such
apartments have not been completed, as evidenced by the issuance
of all required certificates of occupancy.
7. Until August 20, 2040, this Property may be used solely for the purpose of
providing affordable housing for persons with incomes no greater than eighty
percent (80%) of the area median income for Miami -Dade County, Florida.
To Have and To Hold, the same together with all and singular tenements,
hereditaments and appurtenances thereto belonging or in anywise appertaining, and all
the estate, right, title, interest, lien, equity, and claim whatsoever of the Grantor, either in
law or in equity, to the use, benefit and behalf of the Grantee forever.
IN WITNESS WHEREOF, the said Grantor has signed and sealed these presents
the day and year first written above.
CITY OF MIAMI, a municipal corporation
Signed, sealed and delivered
in our presence:
s�( 4. Ur nus
P
Print Name
J 6�
City Manager
Approved As To Form And
Correctness:
LV14 go 1=11101- &ARROMPT
Will
r
Attest:
'Priscilla A. Tflompson
City Attorney
STATE OF FLORIDA
yr K BK —26541:1 PG 1269
L -AST PAGE
City Clerk
ACKNOWLEDGMENT
)SS:
COUNTY OF MIA.MI-DARE )
Before me, the undersigned authority, personally appeared Pedro G, Hernandez,
as City Manager of the City of Miami, to me well known to be the person described in
and who executed the foregoing instrument and who acknowledged to and before me that
he executed said instrument under oath, and for the purposes therein expressed.
Witness iny hand and official seal in the County and State last aforesaid this
_day of ��5 , 2008.
PRINTED, STAMPED OR TYPED
NAME OF NOTARY PUBLIC
�)/A c C_1� - Lz�:�
AT URE OF NOTARY PUBLIC
(,- STATE OF FLORIDA
NOTARY PUBLIC -STATE OF FLORIDA
My Commission Expires: ""' Ofelia E. Perez
:Commission #DD701412
Expires: AUG. 02, 2011
BONDED THRA ATLANnC BONDING CO., INC.
COu
STATE OF FLORIDA. COUNT OF DADE
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! HEREBY CERTIFY that this is 8� y �h
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orrgrnaf fifed rn this office o dayof
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HA VC R VIN CL of Crrcutl and County Cour*s
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IT -Madison Deed -08-18-08 By `'