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TUSAMIRMENT, We and entered into, in dap .Kate, this Tenth
day of May, 1920, by and between E. L. BRADY, fi. V.. Ma let and a. R. MUSS,
as members of the City COunCil of Miami, Merida, parties of the first part,
and ?IDRXA FAST COAST Hell.\"rA ' 00MPA2 Y, a corporation of 11Orida, party of
the second part, WITH SExiit
1. That, in consideration of the covenants as hereinafter set
out to be done and performed by the party of the second part, and in pur-
suance of the provisions of the Act of the Legislature of the State of
Florida, being Chapter No. 7726 of the Laws of Florida, of 1918, the k;arties
of the first part hereby agree to recommend to the City Council of said
City of Miami that said. City shall forthwith do and perform all and singu-
lar the following acts and things, vizt
First: To purchase from the party of the second part all that
real estate situate in the City of Miami, in the County of Dade and the
State of Florida desoribed as follows:
(a) All that tract bounded on the West by the
Easterly lino of a certain street known as the "Boulevard";
on the North by the South line of Sixth Street if extended
ltastwardly into Biscayne Bay; on the South by the north
line of T::elfth Street if extended F.astwardly into Biscayne
Bay; and on the East by the Channel of Biscayne Bay, to-
gether with all riparian rights appurtenant thereto;
(b) Also, all that tract bounded on the West by
the Easterly line of a certain street known as the "Boule-
vard"; on tho North by the center line of Second Street
if extended Eastwardly into Biscayne Bay; on the South by
thee center line of Third Street if extended Eastwardly into
Biscayne Bay; and on the East by the Channel of Biscayne
Bay, together .vith all riparian rights appurtenant thereto.
(Reference is hereby made to a plat of said City
of ilia-4 , made by A. L. Kno r l t on , t%. E. , and recorded in
flat Book "B", at pz:ge 41, of the Public Records of Dade
County, Floriva, and is hereby made part hereof,)
Second; To pay for said above described tracts, within ninety
days from the date hereof, the sum of Six Hundred and Fifty Th.ousanu Dol-
lars (4600,00Q.40) in the duly and legally validated bonds of the city of
Miami, at par; said ponds to mature 94 or before thirty (30) years after
date and to boar interest at si.z per out. Per annum, payable seat.annually.
0$I1!1 0 OIQWON, #tTPRIVIVi•*T- -#W, 4011$1.:P14•
Third; To 68130 for a C6hsideratiott or One Do tar (1,O0) , and to
convey by a hot.. warranty deed to the party of the second part, at the time
of the oonStI fl tion of the Sale hereinbefore provided for, that real estate
situate in said city and described as folloarst
411 that tract bounded on the West by the teeter,-
ly line of a certain street ltnotVn as the "Boulevard"; on
the north by the center line of Third Street if attended
1astWardly into Biscayne Bay; on the Sast by the Channel
of Biscayne Bay; and On the South by the South line of
Sixth Street if extended Eastwardly into Biscayne Bay.
2. That, in consideration► of the covenants as hereinbefore set
out to be done and performed by the parties of the first part, the party
of the second part hereby agrees, if the Said City of 1Iiami shall, within
ninety (90) days from the date hereof, weli and truly, duly and legally,
do and perform all the acts and things as hereinbefore set out to be
recommended by the parties of the first part,
First; To convey to the said City of Miami, by a non -warranty
deed, all that real estate hereinbefore described in Subdivisions (a)
and (b) of the paragraph herein designated as "First", of Section 1, and
to accept in full payment therefor the bonds as hereinbefore described.
Second; To grant to the said City of Miami, for the period
of ten years from the date hereof, the preference iu the purchase of
that real estate situate in said City of Miami, described as follows;
111 that tract bounded on the West by the
Easterly line of a oertain street known as the "Boule-
vard"; on the North by the South line of Twelfth Street
if extended Eastwaraly into Biscayne Bay; on the South
by the South line of Fourteenth Street if extended
Eastwardly into Biscayne Bay; and on the rust by the
Channel of Biscayne Bay, together aith all riparian
rights appurtenant thereto;
It being understood, that in the party of the second part
shall decide, within said period of ten years, to sell eaid real estate,
it will offer the sane, before selling the sa. a to any other party, to
the said City of Miami, at such price and upon such terms as shall be,
in any event, as favorable to the said City as such price and terms
would be to any other party malting s. bona fide offer for the same. In
Me the party of the eecou part shall so offer Paid real estate for
sale to eaid City, the city shall be si titie~i to thirty (3D) days' time
•WUVT* •'1PWPO., 4
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is which to -accept or reject Ouch offer; and, if aaeepted, the city shall,
be entitled to an additional period of niirety (00) days ih which to pay the
pUrehaee price therefor.
3. That, upon the consummation of this Agreement, the dity of
Miami Shell dismiss, at its costs, its suit how pending ih the circuit
Court of Dada County, Florida, against the party of the second hart relates
ing to a part Of the propert;; embraced in this Agreement.
4. That, it is mutually agreed by and between the parties here, -
to that this Agreement shall become null and void at the expiration of
fifteen (16) days from the date hereof, unless in the meantime said City,
by appropriate and legal action, shall si•iify its intention to do and
perform all the aots and things to be recommended by the parties of the
first part as hereinbeforo set cut.
YN TNaSS WHlRIOF, the parties hereto have executed this Agree-
ment this day and year first above written.
itnesseas
�UAnpe-eser.
the xembere.
Cluttlyvv-
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As to the Company.
A a
r
As to Members of the City Counoil
Miami, Florida.„ .•-
rL011T T BAYLWIY In?1►ttY 1 07-
Its Presid
Be:/ .664/
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