HomeMy WebLinkAboutexhibitMiami Parking Authority
Arthur Noriega, V.
Executive Director
190 N.E. Third Street
Miami, Florida 33132
Phone (305) 373-6789
Fax (305) 371-9.51
www.miamiparking.com
RELEASE, DISCHARGE AND WAIVER OF OPTION AND RIGHT OF FIRST
REFUSAL
In consideration of one .($1.00) dollar paid by the Department of Off -Street Parking
("DOSP" or "OWNER"), a public agency and instrumentality having its principal offices
at 190 NE 3rd St., Miami, FI. 33132, and other valuable consideration given by Owner,
the receipt and sufficiency of which is hereby acknowledged by the City of Miami
("City"), a Florida municipal corporation with its principal offices at 444 SW 2nd Avenue,
Miami, Fl. 33130, the City does hereby voluntarily release, waive, and discharge all
restrictions, obligations, options to purchase and.rights of first refusal held by the City of
Miami over the property legally described as follows:
Tract 3 of the "Riverside Plaza" according to the Plat thereof, recorded in 139 at Page 43
of the Public Records of Miami- Dade County, Florida (film/ Dade County, Florida).
The City of Miami specifically voluntarily releases, waives and discharges all
restrictions, obligations, options to purchase and rights of first refusal imposed on the
above described property by virtue of the'following instruments:
(i) . Notice of Option and Right of First Refusal dated June 19, 1997 and recorded
at ORB 17746/PG 2743 of the Public Records of Miami- Dade County; (ii)
That certain Agreement between the City and DOSP dated June 19, 1997, for
sale of Tract 3 and Conveyance of Legal Title to Lot 10, a copy of which is on
file and may be inspected in the Offices of the City Clerk, 3500 Pan American
Drive, Miami, fl. 33133.
The removal of these restrictions, obligations, options, and rights of first refusal is in the
best interests of public health, safety, and general welfare insofar as the Owner will be
causing or facilitating the development of the above -described property for low and
moderate income housing for the elderly. This development cannot be financed or
constructed unless the City waives and relinquishes the foregoing restrictions,
1
obligations, options and rights. Accordingly, the Owner may sell, lease and/or develop
the above -described property free of the above -described restrictions, obligations, options
and right of first refusal.
CITY OF MIAMI
Signature
Print Name Joe Arriola, City Manager
ATTEST:
Priscilla Thompson, City Clerk
WITNESS:
Signature
Print Name Arthur Noriega V, Executive Director
Miami Parking Authority
WITNESS:
Signature
Print Name Mark A. Trowbridge, Director of Planning and Development
Miami Parking Authority
APPROVED AS TO LEGAL FORM:
Alejandro Vilarello, City Attorney
This instrument is subject to the approval oldie Miami City Commission.