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HomeMy WebLinkAboutQuit Claim DeedImo In' mil !I1II IIII! IIIII IlII IIII This Instrument I'repa red By and Return To: KIRK R. MENENDEZ, ESQ. CIT%' OF MIA II CITY ATTORNEY'S OFFICE 444 S.V. 2' AVENUE MIAMI, FLORIDA 33130-I9I0 CFN 2001R1e.e -72i OR e.k 59 7 Pas 465 . r441s RECORDED tf t9i :it_;? I3:2i:0E.. DEED DOt. TAX 0,60 c IJF'TAY 0ARVE'r bU0JUr CLEFT. OF COURT MIAMMI-DACE COt 14T t'r CLOR [DA This Quit -Claim Deed, is made this 3 t day of 3J)2007, 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 Foster Construction of South Florida, Inc., a Florida for -profit corporation, whose address is 400 N.W. 183'd Street, Miami, Florida 33169, hereinafter called the "Grantee". Witnessed': 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 8, of ORCHARD VILLA EXTENSION, according to the Plat thereof, as recorded in Plat Book 17, at Page 55, of the Public Records of Miami -Dade County, Florida, a.k.a. 5858 N.W. 13 Avenue, Miami, Florida. Folio No.: 01-3114-043-1450 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 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 a minimum of one (1) owner occupied home for Low Income homebuyers whose annual income does not exceed 120% of the median income for the area, as determined by the U.S. Department of Housing and Urban Development, with adjustments for smaller an larger families. 6. The Grantee and Grantee's beneficiaries agree, for themselves and successor in interest, not to discriminate upon the basis of race, col krm 5858 NW 13 AVE QCD 1 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 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 at least one (1) home, on the Property within six (6) months from the date of this conveyance, and/or (2) the construction of the Project has not been completed, as evidenced by the issuance of Certificates of Occupancy, (or certificates of completion, as appropriate) and such single family home has not been sold to qualified Low Income homebuyers whose annual income does not exceed 120% of the median income for the area, as determined by the U.S. Department of Housing and Urban Development, with adjustments for smaller and larger families, within eighteen (18) months from the date of this conveyance, or such later date as may be approved by the City Commission of the City of Miami. 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. krm.5858 NW 13 AVE QCD 2 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: CITY OF MIAMI, a municipal corporation of the Stat-_ orida By PEDRO G jManae APPROVIF D,AORM AND ATTEST: CO By -a JOR{3F.>;= FERNANDEZ�� City Attomey EZ RISCILLA A. THOMPSON City Clerk krm 5858 NW 13 AVE QCD 1R BK 259 a}: rPG .,Fa S 6 AST PACE ACKNOWLEDGMENT STATE OF FLORIDA ) )SS: COUNTY OF MIAMI-DADE ) 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. 44, Witness jpy hind and official seal in the County and State last aforesaid this 2O day of J " 2007. Cal //61e- P>ITED \E D CTY TYPED' SIGN OF OF NOTARY PUBLIC NAME OF NOTARY PUBLIC My Commission Expires: NOTARY PUBLIC - STATE OF FLORIDA Edith Y. McCray Commission 0 DD622331 Expires; DEC. 13, 2010 RU ATLANTIC BOND L'G CO., INC. STATE OF FLORIDA STATE OF FLORIDA, COUNTY OF DADE HEREDY CERTtrY that frrs¢ a i:uC q3pyor:he ortgmcl tiled in (firs office on i day of , A. D. 20 G I TNESS my rand r. rf O'frcral Seal. ikFVEY RUVIN, G e1C rcue no CP4ts ntY Cou By i-�l`{i�� o.e.. krm 5856 NW 13 AVE QCD 4