HomeMy WebLinkAboutQuit Claim Deed 2This Instrument Prepared By
and Return To:
Ilene Temchin, Esq.
City of Miami
Office of the City Attorney
444 S.W. 2nd Avenue
?Aiami, Florida 33130-1910
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RECORDED 09/27/'2000. 09-.12-0A
DEED DOG TAX 2?226.20
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'HARVEY F.U4'I N t CLERK. OF COURT
MIAMI -RADE COUNTT7 FLORIDA
This Quit -Claim Deed, is made as of this 20�' 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 H, 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 A and C, 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:
Conditions, restrictions, easements, limitations and reservations of record, though
this reference is not intended to reimpose same;
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 successor(s) 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 on the valuation method employed by the county property
Record And Return To:
Carmen Canefas, CLA
Museum Tower, Suite 2200
150 Wagt o.--
appraiser pursuant to Chapter 193 Florida Statutes, as amended from time to time;
and
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 forty (40) 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.
Il\T WITNESS WHEREOF, the said Grantor has signed and sealed these presents
the day and year first written above.
Signed, sealed and delivered
in our presence:
CITYZOF,unicipal corporation
of the
By
Pedro G. Hernandez
City Manager
1_AS T PAGE
Approved As To Form And Attest:
Correctness:
Julie O. ru Priscilla A. tHompson
City Attorney City Clerk
ACKNOWLEDGMENT
STATE OF FLORIDA )
)SS:
COUNTY OF MIAMI-DADE )
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 my hand and official seal in the County and State last aforesaid this
v day of�� , 2008.
LN�T
L�
PRINTED, STAMPED OR TYPED SIG ATURE OF NOTA60UBLIC
NAME OF NOTARY PUBLIC STATE OF FLORIDA
My Commission Expires: NOTARY PUBLIC -STATE OF FLORIDA
Ofelia E. Perez
Commission # DD701412
Expires: AUG. 02, 2011
BONDED MRU ATI.Wr1C BONDING CO., INC.
STATE OF FLORIDA, COUNT OF DADE �F,p COUnrr
J1 cix:c ,
! HERE6YCERT(FY that this +s a in -"e copyty'ghe
0(1g+na1 (fled +1) this o(:+ce ^A ' day of
N ?VEY 4U IN, GLE t Gircua =nts County Courts l �pc, roy SC
D.C.
IT -Madison II Deed -08-18-08; revised 08-20-08
3