HomeMy WebLinkAboutTermination of CovenantThis Instrument Prepared By
and Return To:
Ilene Temchin, Esq.
City of Miami
City Attorney's Office
444 S.W. 2"d Avenue
Miami, Florida 33130-1910
TERMINATION OF COVENANT
WHEREAS, in May, 2001, B.A.M.E. Development Corporation of South Florida, Inc., a
Florida not-for-profit corporation ('GAME"), acquired from the City of Miami, a municipal
corporation of the State of Florida (the "City"), certain real property in the City of Miami legally
described as follows:
Tracts A, B, C, 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, (the "Property"),
for the construction of forty (40) single family homes to provide homeownership opportunities
to low income families and individuals; and
WHEREAS, in connection therewith, BAME executed that certain Declaration of
Restrictive Covenants, dated September -3, 2003, and recorded in Official Records Book 22006, at
Page 251, of the Public Records of Miami -Dade County, Florida (the "Covenant"); and
WHEREAS, subsequently, title to the Property encumbered by the Covenant was re -
conveyed to the City by that certain Special Warranty Deed, dated March 28, 2005, and recorded
in Official Records Book 23444, at Page 254, of the Public Records of Miami -Dade County,
Florida; and
WHEREAS, title to the Property has been conveyed to Madison Housing, Ltd., a Florida
limited partnership, as to Tracts B and D, and to Madison Housing H, Ltd., a Florida limited
partnership, as to Tracts A and C ("jointly referred to as "Madison") by Quit -Claim Deeds,
recorded or to be recorded in the Public Records of Miami -Dade County, Florida; and
WHEREAS, the City and Madison intend that the conveyance of the Property to
Madison be free from the effect, lien, encumbrance and operation of the Covenant.
NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good
and valuable consideration, the City does hereby terminate the Covenant and discharge the
Property from the effect, lien, encumbrance and operation of the Covenant.
IN WITNESS WHEREOF, the City and Madison have caused this Termination of
Covenant to be executed by its undersigned official as duly authorized, on this 20th day of
August, 2008.
ATTEST:
riscilla A. Tllompson /04-0
City Clerk
Approved As To Form and
Correctness:
AK
Julie O. Kru
City Attorney
Print Name
City of
the Sta
al corporation of
By:
Pedro G. He-r'rrAndez
City Manager
Date:
Address: City of Miami
444 S.W. 2nd Avenue
Miami, Florida 33130-1910
Madison Housing II, Ltd., a Florida limited
partnership
By: Madison Housing H LLC, a Florida limited
liability company, its managing general partner
By: The Gatehouse Group, Inc., a Massachusetts
corporation, jCole Manager
Nikul Inamdar, Vice President
Date:. zd, zoog
2
Print Name
Madison Housing, Ltd., a Florida limited
partnership
By: Madison Housing LLC, a Florida limited
liability company, its managing general partner
By: The Gatehouse Group, Inc., a Massachusetts
corporation, itssole Manager
By: X//�
Nikul Inamdar, Vice President
Date: z�' 2 E1 2 008
T
STATE OF FLORIDA
) SS:
COUNTY OF MIAMI-DADE)
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County
aforesaid to take acknowledgments, personally appeared Pedro G. Hernandez, well known to me to be the City Manager
of the City of Miami, who executed this instrument on behalf of the City. He is personally known to me or has produced
a driver's license as identification.
WITNESS, my hand and official seal in the County and State last aforesaid this day of
, 2008.
Print Name:
Notary Public, State of Florida
Commission No.:
My Commission Expires:
STATE OF �r,
COUNTY OF 11)'e -'I; -")`-'
/J� e foregoing instrument was acknowledged before me this2"day of A `s`s , 2005 by
as 1l�ariage�� of a F4oflda 4 << co -P. who is personally
kngym-to me or produced , as identification.
Print Name:
Notary Public, State of Florida
°0Y
, °Y& Notary Public State of Florida Commission No.:
sr T eMi M Lovell My Commission Expires:
qty Commission DD642166
Ex fres 03/31/2011
STATE OF�rir�`
COUNTY OF
Ve re oing instrument was acknowledged before me this uday of& , 2008 by ' lw' J-""
as Nfaaege� of ���•-►t G"��; a Fla r'HsS. ly�-/�- �"• ,who is personally
known to me or produced as identification. —�
Print Name:
Notary Public, State of Florida
Commission No.: --
My Commission Expires: °.Y P6 tlotary Public State of Florida
r Terry M Lovell
y, � try Commission DD6421o0
'�'oi�°" Ex ires03131i2011 _
My Commission Expires:
Madison -Termination of Covaiant-08-18-08