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HomeMy WebLinkAboutExhibit 2This Instrument Prepared By and Return To: Ilene Temchin, Esq. City of Miami City Attorneys Office 444 S.W. 2" Avenue Miami, Florida 33130-1910 PARTIAL RELEASE OF DECLARATION OF RESTRICTIVE COVENANTS WHEREAS, in 2003, Scattered Site Home Ownership, L.L.C, a Florida limited liability company ("SSHO") acquired from the City of Miami, a municipal corporation of the State of Florida (the "City") certain real property in the Little Haiti neighborhood of the City of Miami for the construction of eighteen (18) single family homes to provide homeownership opportunities to low income families and individuals; and WHEREAS, in connection therewith, and by certain Mortgage and Security Agreements, dated July 3, 2003 (collectively, the "Mortgages"), SSHO mortgaged unto the City an interest in and to the premises therein particularly described; and WHEREAS, in connection therewith, SSHO executed that certain Declaration of Restrictive Covenants, dated July 3, 2003, and recorded in Official Records Book 21733, at Page 3345, of the Public Records of Miami -Dade County, Florida (the "Covenant"); and WHEREAS, subsequently, title to a portion of the property encumbered by the Mortgages and the Covenant reverted to the City; and WHEREAS, title to the property described on Exhibit A hereto was conveyed to Habitat for Humanity of Greater Miami, Inc. ("Habitat") by City Deed, dated June 18, 2003, recorded in Official Records Book 21350, at Page 2741, by Quitclaim Deed dated March 8, 2005, recorded in Official Records Book 23192, at Page 0366, and by Quit Claim Deeds, dated recorded in Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , Official Records Book , at Page , and Official Records Book , at Page , all of the Public Records of Miami -Dade County, Florida; and WHEREAS, the City intends that the conveyances to Habitat of the property described on Exhibit A hereto be free from the effect, lien, encumbrance and operation of the Mortgages and the Covenant; and WHEREAS, by that certain Release of Mortgages, dated , and recorded in Official Records Book , at Page , of the Public Records of Miami -Dade County, Florida, the City released the property described on Exhibit A hereto from the lien and operation of the Mortgages. NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the City does hereby discharge from the effect, lien, encumbrance and operation of the Covenant, the premises more particularly described on Exhibit A hereto, provided, however, that nothing herein contained shall in any way impair, alter or diminish the effect, lien, encumbrance and operation of the aforesaid Covenant on the remaining part of said encumbered premises not hereby released therefrom, or any of the rights and remedies of the City in, to and under the Covenant. IN WITNESS WHEREOF, the City has caused this Partial Release of Declaration of Restrictive Covenants to be executed by its undersigned official as duly authorized, on this day of , 2005. City of Miami, a municipal corporation ATTEST: of the State of Florida Priscilla A. Thompson City Clerk Approved As To Form and Correctness: Jorge L. Fernandez City Attorney By: Joe Arriola City Manager Date: Address: City of Miami 444 S.W. 2nd Avenue Miami, Florida 33130-1910 STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DADE) I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Joe Arriola, well known to me to be the City Manager of the City of Miami, who executed this instrument on behalf of the City. He is personally known to me or has produced a driver's license as identification. WITNESS, my hand and official seal in the County and State last aforesaid this day of , 2005. Print o f Stamp Name: Notary Public, State of Florida Commission No.: My Commission Expires: Habitat -Partial Release of Covenant-11-01-05