HomeMy WebLinkAboutCity DeedThis Instrument Prepared By
and Return To:
Ilene Temchin, Esq.
City of Miami
Office of the City Attorney
444 S.W. 2nd Avenue
Miami, Florida 33130-1910
1111111 I1III II1II IAIII 11111 I11111111111111111
CF'N 2009R:07 r76398
OR Bk 27062 Pss 1738 — 1.748E (class)
RECORDED 10/27/2009.10:49:13
DEED DOC TAX 0.L0
NARVEY RUVIN, CLERK OF COURT
MIAMI—DADE COUNTY, 'FLORIDA
This City Deed is made as of this 23rd day of October, 2009, 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 Teatro Marti
Apartments, LLC, a Florida limited liability company, with offices at 150 S.E. Second
Avenue, Suite 1202, Miami, FL 33131, 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:
Lots 1, 2, and 3 in Block "U" of Riverview, according to Plat thereof, as
recorded in Plat Book 5, at Page 43, of the Public Records of Miami -Dade
County, Florida (street address: 400-420 SW 8th Avenue, Miami, FL),
and
Lot 16 of Carolina Court, according to the Plat thereof, as recorded in Plat
Book 15, at Page 56, of the Public Records of Miami -Dade County, Florida
(street address: 430 SW 8th Avenue, Miami, FL).
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 b-n ",hies agree, for themselves and any successor
in interest, to pay the real estate ments on the Property or any part thereof
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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 agrees, for itself and any
successor(s) in interest, to pay to the Grantor an annual payment which shall be in an
amount equal to the amount the Grantor would have received as ad valorem taxes based
on the valuation method employed by the county property appraiser pursuant to Chapter
193 Florida Statutes, as amended from time to time.
6. 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:
(a) on or before October 31, 2009, or such later date as may be
approved by the Miami City Commission, the Grantee has not commenced
construction on the Property, to the satisfaction of the Grantor in its sole
judgment, of twenty seven (27) rental apartments for the elderly (as
defined in 24 C.F.R. Part 891); or
(b) on or before November 23, 2009, the Grantee has not provided to
the grantor copies of all permits necessary for the construction on the
Property of twenty seven (27) rental apartments for the elderly; or
(c) on or before January 15, 2010, the Grantee has not executed fmal
loan documents for funding from the City of Miami in the aggregate
amount of $4,000,000 for the above -described construction on the
Property.
7. Until October 23, 2042, this Property may be used solely for the purpose of
providing affordable housing for elderly persons with incomes no greater than sixty
percent (60%) of the area median income for Miami -Dade County, Florida.
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 the day and
year first written above. — — -- —
Signed, sealed and delivered
in our presence:
L`(N N we-- 't2 dit-..
City o
of the
a municipal corporation
lorida
By:
Print Name: Pedro G. Hernandez
Print Name:
197435
City Manager
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Approved As To Form And
Correctness:
.B
Julie
City Attorney
Priscilla A. Tho
City Clerk
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 my hand and official seal in the County and State last aforesaid this o ' day of
Qb(' , 2009.
PRIN 1'bD, STAMPED OR TYPED Y PUBLIC
NAME OF NOTARY PUBLIC STATE OF FLORIDA
My Commission Expires:
NOTARY PUBLIC -STATE OF FLORIDA
a Sandra Rivera
Commission # DD882279
Expires: APR. 20, 2013
BONDED TIIRU ATLANTIC BONDING CO, ENC.
The foregoing conveyance was approved pursuant to Resolution No. 09-0022 of the Miami City
Commission, adopted January 15, 2009, and Resolution No. 09-0089 of the Miami City
Commission, adopted February 26, 2009. Copies of Resolution Nos. 09-0022 and 09-0089 are
attached hereto as Exhibit A.
197435
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