HomeMy WebLinkAboutexhibit2SPECIAL
RELEASE
KNOW ALL MEN BY THESE PRESENTS:
That the CITY OF MIAMI, a municipal corporation of the State of Florida
(hereafter referred to as "CITY" or the "first party") for and in consideration of the sum
of Ten and 00/100 Dollars ($10.00), and other good and valuable consideration, received
from or on behalf of CLEAR CHANNEL OUTDOOR, INC., a Delaware corporation
registered in Florida as CC OUTDOOR, INC., and flkla ELLER MEDIA COMPANY,
successor in interest to SHELTER ADVERTISING OF AMERICA, INC. (hereafter
referred to as "CLEAR CHANNEL" or the "second party"), the receipt whereof is hereby
acknowledged,'
DOES HEREBY remise, release, acquit, satisfy and forever discharge the said
second party, its officers, directors, agents, shareholders, employees, insurers,
predecessors, successors, heirs, and assigns, of and from all, and all manner of action and
actions, cause and causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements,
promises, variances, trespasses, damages, judgments, executions, claims and demands
whatsoever, in law or in equity, which said first party ever had, now has, or which any
personal representative, successor, heir or assign of said first party, hereafter can, shall or
may have, against said second party, arising out of (i) the Bus Shelters contract by and
between CLEAR CHANNEL and CITY dated January 26, 1989, as same may have been
amended or modified (the "Contract"), including without limitation CLEAR
CHANNEL's continued operation of the bus shelters and sale of advertising thereon after
the expiration of the Contract, and any claims or demands made in the letter dated March
17, 2004 from Alejandro Vilarello, City Attorney, to Kathleen Rutter of CLEAR
CHANNEL's South Florida Division, and (ii) the bus shelters located in the City of
Miami transferred by CLEAR CHANNEL to the CITY by Bill of Sale dated the date
hereof (the "Property"), except that CLEAR CHANNEL shall not be released and CITY
reserves all claims, demands, actions and causes of action, liabilities and/or obligations
I Wherever used herein the terms "first party" and "second party" shall include singular and plural, heirs,
legal representatives, and assigns of individuals, and the successors and assigns of corporations, wherever
the context so admits or requires.
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City Release - Bus Shelters2
for contribution or indemnity, whether under the Contract, at law, or in equity, arising
from the claims of third parties for property damage and/or personal injury and (i) arising
out of the Contract, whose cause of action accrued prior to the date of this instrument,
and (ii) arising out of the Property, whose cause of action accrued prior to or after the
date of this instrument.
ATTEST:
THE CITY OF MIAMI, a municipal
corporation of the State of Florida
("CITY" or the "first party")
By: By:
Priscilla A. Thompson Joe Arriola
City Clerk City Manager
APPROVED AS TO FORM APPROVED AS TO INSURANCE
AND CORRECTNESS: REQUIREMENTS:
By: By:
Jorge L. Fernandez Dania F. Carrillo
City Attorney Risk Management Administrator
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City Release - Bus Shelters2