HomeMy WebLinkAboutExhibit7This Instrument Prepared By
and Return To:
Ilene Temchin, Esq.
City of Miami
Office of the City Attorney
444 S.W. 2n0 Avenue
Miami, Florida 33130-1910
CORRECTIVE QUIT CLAIM DEED
This Quit -Claim Deed, is made as of the 15th day of November, 2005, by the City of Miami, a
municipal corporation of the State of Florida, whose post office address is 444 S.W. 2nd Avenue,
Miami, Florida 33130, hereinafter called the "Grantor", to Palmetto Homes of Miami, Inc. a
Florida corporation, whose address is 1175 N.E. 125th Street, Suite 204B, North Miami, Florida
33161, 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 4, Block 9, of ORANGE HEIGHTS, according to the Plat thereof as
recorded in Plat Book 14, at Page 62, of the Public Records of Dade County,
Florida, a.k.a. 1468 N.W. 61 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;
5. The Grantee and Grantee's beneficiaries agree, for themselves and any successor
in interest, that for a period of twenty (20) years the Property shall only be used
to provide one (1) owner occupied single family home for Low Income
homebuyers (as defined in the HOME Investment Partnerships Program
Regulations, 24 C.F.R. Part 92);
6. The Grantee and Grantee's beneficiaries agree, for themselves and any successor
in interest, not to discriminate upon the basis of race, color, religion, marital
status, sex or national origin in the sale of the Property, or any Improvements
erected or to be erected thereon or on any part thereof;
7. The Grantee and Grantee's beneficiaries agree, for themselves and any successor
in interest, to pay the real estate taxes or assessments on the Property or any part
thereof when due. In the event that the Property is ever declared to be "immune"
or "exempt" from the payment of ad -valorem taxes, the Grantee and Grantee's
beneficiaries agree, for themselves and any successor in interest, to pay to the
City an annual payment which shall be in an amount equal to the amount the City
would have received as ad valorem taxes based on the valuation method
employed by the county property appraiser pursuant to Chapter 193 Florida
Statutes, (2002), as amended from time to time; and
8. The title to the Property shall immediately and automatically revert to and vest in
the Grantor upon the occurrence of any one or more of the following events: (1)
the Grantee has not commenced construction, to the satisfaction of the Grantor in
its sole judgment, of one (1) single family home on the Property within twelve
(12) months from the date hereof, and/or (2) the construction of such single
family home has not been completed, as evidenced by the issuance of a
Certificate of Occupancy, and such single family home has not been sold to
qualified Low Income homebuyers (as defined in the HOME Investment
Partnerships Program Regulations, 24 C.F.R. Part 92) by June 30, 2008, or such
later date as may be approved by the City Commission of the City of Miami.
9. The Grantee shall comply with the requirements of Section 3 of the Housing and
Urban Development Act of 1968, as amended, if applicable.
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.
IN WITNESS WHEREOF, the said Grantor has signed and sealed these presents as of
the day and year first written above.
CITY OF MIAMI, a municipal corporation
of the State of Florida
Signed, sealed and delivered
in our presence:
By
Print Name: Pedro G. Hernandez
City Manager
Print Name:
Approved As To Form And Attest:
Correctness:
By
Jorge L. Fernandez Priscilla A. Thompson
City Attorney City Clerk