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HomeMy WebLinkAboutQuit Claim Deed3This Instrument Prepared IIy and Return To: KIRK R. AIENENDEZ, ESQ. CITY OF MIAMI CITY ATTORNEY"S OFFICE 444 S.W. 2ND AVENUE MIAM I, FLORIDA 33130-1910 CL —I? , .. This Quit -Claim Deed, is made this 70 day of �� d t- 2006, 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 Rafael Hernandez Housing and Economic Development Corp., a Florida corporation, whose address is 2400 N. Miami Avenue, Miami, Florida 33127, 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: Lot 12, Block 1, of Amended Plat of DONMOORE VILLA, according to the Plat thereof, as recorded in Plat Book 6, at Page 7, of the Public Records of Dade County, Florida a.k.a. 98 N.W. 27 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, hereinafter referred to as the "Home", on the Property within twelve (12) 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 $236,000.00. The Property is subject to all restrictions as stated in Resolution 05-00930 adopted by the City Commission on September 8, 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.