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HomeMy WebLinkAboutQuit Claim Deed 3This Int rumen) Prepared By and Return To: KIRK R. MENENDEZ, ESQ. CITY OF MIAMI CITY ATTORNEV'S OFFICE 444 S.W. 2ND AVENUE MIAMI, FLORIDA 33130-1910 eillli IIIII IIIII IIIII IIIII IIIII Ilh1I IIII IIII CCF IN 20e t 7R 1 Ct 1 72. 1 vo OR Ble 25997 F'es 4065 - 4grA; ,;,pas) RECORDED 10 19/2007 10:2s:0 , DEED " TAX 0. uo SURTA i0. 45 riAPPVEY b:UVINe CLERK Or C:;L,Ri IIAtiI-DADE COUNTY, 'LOR.LDA This Quit -Claim Deed, is made this 3 i day of JJ2007, 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. 183r1 Street, Miami, Florida 33169, 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 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: ]. 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 detennined by. the U.S. Department of Housing and Urban Development, with adjustments for smaller larger families. Cis `j;l 1 ',,—a{ ?4 l i 6. 'The Grantee and Grantee's beneficiaries agree, for themselves and successor in interest, not to discriminate upon the basis of race, col 0 300" krin 5858 NW i3 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 8. 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 hW 13 AVE (CD 2 fN 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. R ANDEZ cC:ibt Manager APPROVED A ORM AND ATTEST: CO By JOR1EFERNANDEZ kL.P,1) City Attorney RISCILLA A: THOMPSON City Clerk krm 5658. NW 13 AVE QCD BK 25997 F'v 4668 _AST PAGE 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. Witness,40.,v hind and official seal in the County and State last aforesaid this .O' day of J —� ' , 2007. Ed'Y,M'`Cr PRINTED, STAMPED OR TYPED NAME OF NOTARY PUBLIC My Commission Expires: NOTARY PLBLIC • STATE OF FLORIDA Edith Y. McCray • Commission # DD622331 )Commission DEC. 13, 2010 EONDEU MAU ATLANTIC BONDLSG CO., INC. 611 Uf C SIGNAL t7RE OF N ARY PUBLI STATE OF FLORIDA STATE OF FLORIDA, COUNTY OF DACE HERESY CERTG¥runt trrs s a t'ee ,c,.y c1:r,� O,,gfnal hied In ;fed once on ( ( day o1 V(� , AD2O ( L✓!Tt'ESS my dead &ad O1:,6,3I sear iA iVEY RUVlip, CLE , ot cncuerancG..n5w Cos By 1 I �1lL' D.C. km, 5858 NW I AVE QCD 4