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HomeMy WebLinkAboutQuit Claim DeedThis Instrument Prepared By And Return To; KIRK R. MENENDEZ, ESQ. CITY OF MIAMI CITY ATTORNEY'S OFFICE 444 S.11'. 2ND AVENUE MIAMI, FLORIDA •33 I D / % d � //7D 111111111111111111111111111111111111111111111 l= F N 2006R 1 3691 77 OR Bk 25223 Pas 1510 - 1511; t2pas RECORDED 12/27/2006 11.13:44 DEED DO(: TAX 0.60 SURTAX 0.45 HARVEY RUVIN, CLERK OF COURT t1IA11I-DADE COUNTY, FLORIDA This Quit -Claim Deed, is made this day of Abut }11G(006, by the City of Miami, a municipal corporation of the State of Florida, whose post office address is 444 S.W. 2" Avenue, Miami, Florida 33130, hereinafter called the "Grantor", to RERG Development, L.L-C., a Florida limited liability company, whose address is 1717 North Bayshore Drive, Suite 124, Miami, Florida 33132, hereinafter called the "Grantee". Witnesseth: That the Grantor, for and in consideration of the sum of Ten Dollars (S10.00) 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: Lot 26, Block 10, ORCHARD VILLA EXTENSION, according to the Plat thereof, as recorded in Plat Book 17, at Page 55, of the Public Records of Dade County, Florida a.k.a. 1275 N.W. 58 Street, Miami, 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; 3. 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; and 5. The title to the Property shall immediately and automatically revert to and vest in the Grantor in the event that: (1) the Grantee has not commenced construction, to the satisfaction of the Grantor in its sole judgment, of one (1) single-family home or town home, hereinafter referred to as the "Home", on the Property within six (6) months from the date of closing, and/or (2) the construction of the Home has not been completed, as evidenced by the issuance of Certificates of Occupancy, and the Home has not been sold to qualified Low Income homebuyers (as defined in the HOME Investment Partnerships Program Regulations, 24 C.P.R. Part 92) within thirty (30) months from the date of the closing or such later date as may be approved by the City Commission of the City of Miami. 6. The sales price of the Homes shall not exceed S236,000.00. 7. The Property is subject to all restrictions as stated in Resolution 05-0494 adopted by the City Commission on May 27, 2005. 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. OR e.k 25223 PG 1511 LAST PAGE IN 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: Print Name: Print Name: APPROVED AS TO FORM AND STATE OF FLORIDA )SS: COUNTY OF MIAMI-DADE ) CITY OF MIAMI, a municipal corporation of the State of By PEDRO G. ILL NDEZ City Manager ATTEST: Cam" RISCILLA A. HOMPSON City Clerk ACKNOWLEDGMENT 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. n Witne my hand and official seal in the County and State last aforesaid this of day of NDJIwhP/ ,2006. PRINTED, STAMPED OR TYPED NAME OF NOTARY PUBLIC My Commission Expires: SIGN l RE OF NOTAR _ •UBL1C STAT:�eF FLORIDA Ofelia E. Perez Y Commission #DD221319 Expires: Jul 26, 2007 BondedTuv Atlantic Bonding Co., Inc. .-. • I u..••• "ram w nr'n w-7�