HomeMy WebLinkAbout25805AGREEMENT INFORMATION
AGREEMENT NUMBER
25805
NAME/TYPE OF AGREEMENT
BLOCK 55 OWNER LLC
DESCRIPTION
PARTIAL RELEASE OF MORTGAGE, DECLARATION OF
RESTRICTIVE COVENANTS & RENT REGULATORY
AGREEMENT/SAWYER'S WALK PROJECT/MATTER ID: 24-
1576/#18
EFFECTIVE DATE
ATTESTED BY
TODD B. HANNON
ATTESTED DATE
10/20/2025
DATE RECEIVED FROM ISSUING
DEPT.
-
10/23/2025
NOTE
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This instrument prepared by and
when recorded return to:
George K. Wysong III, Esq.
Office of the City Attorney
City of Miami
444 SW 2nd Avenue
9th Floor
Miami, FL 33130
PARTIAL RELEASE OF MORTGAGE, DECLARATION OF RESTRICTIVE
COVENANTS AND RENT REGULATORY AGREEMENT
THIS PARTIAL RELEASE OF MORTGAGE, DECLARATION OF
RESTRICTIVE COVENANTS AND RENT REGULATORY AGREEMENT (this "Partial
Release") is entered into this day of , 2025 by CITY OF MIAMI, a
municipal corporation of the State of Florida, whose mailing address is 444 S.W. 2nd Avenue,
Miami, Florida 33132 ("Mortgagee").
RECITALS
WHEREAS, Mortgagee is the owner and holder of that certain Miami Forever Bond
Mortgage and Security Agreement for Sawyer's Walk from Block 55 Residential, LP, a Florida
limited partnership, dated August 12, 2021, recorded August 25, 2021, in Book 32702, Page 915,
of the public records of Miami -Dade County, Florida (the "Mortgage") and encumbering that
certain real property more particularly described in the Mortgage (the "Property"); and
WHEREAS, Mortgagor has requested that Mortgagee release from the lien and operation
of the Mortgage, that certain Declaration of Restrictive Covenants for Sawyer's Walk (Miami
Forever Bond Funds) recorded in Official Records Book 32702, Page 897 of the Public Records
of Miami -Dade County, Florida (the "Restrictive Covenant") and that certain Rent Regulatory
Agreement for Sawyer's Walk recorded in Official Records Book 32702, Page 905 of the Public
Records of Miami -Dade County, Florida (the "Rent Regulatory Agreement") a portion of the
Property more particularly described on Exhibit A attached hereto (the "Released Property").
NOW THEREFORE, in consideration of the foregoing recitals, the sum of TEN
DOLLARS ($10.00) and other good and valuable consideration, the receipt, adequacy and
sufficiency of which are hereby acknowledged, Mortgagee does remise, release, quit -claim,
exonerate and discharge the Released Property from the lien and operation of the Mortgage, the
Restrictive Covenant, the Rent Regulatory Agreement and any and all financing statements and
other instruments of security recorded in connection therewith.
Nothing herein contained shall in anywise impair, alter or diminish the effect, lien or encumbrance
of the Mortgage, the Restrictive Covenant and/or the Rent Regulatory Agreement, each as
modified from time to time, and other instruments of security, on any portion of the Property other
than the Released Property or any of the rights and remedies of the holder thereof.
[END OF TEXT; REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the undersigned has caused this Partial Release to be duly
executed as of the date first above written.
ATTEST:
odd Han14o,=Eify Clerk
Date: Q I
APPROVED AS TO FORM AND
CORRECTNESS:
By:
George . WysongUII, l q,
City Attorney pve Zy -
STATE OF FLORIDA )
) SS:
COUNTY OF MIAMI-DADE )
CITY OF MIAMI, a municipal corporation of the State
of Florida
By:
Arthur Noriega\y, City Manager
The foregoing instrument was acknowledged before me, by means of physical presence
or ❑ by online notarization, this fl day of j k .j , , 2025, by Arthur Noriega V, as
City Manager of the City of Miami, a municipal corporation of the State of Florida, on behalf of
said municipal corporation. He is pers,. 1 known to me or El has produced
as identification. ',
My Commission expires:
i
1r
N �� ry Public
Printed Name of Notary Public
OFELIA E. GONZALEZ
MY COMMISSION # HH 408741
EXPIRES: August 2, 2027
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EXHIBIT A
Legal Description of Released Property
Unit R-2 of Sawyer's Walk, a Condominium, according to the Declaration of Condominium
thereof, recorded in Official Records Book 34273, Page 2329 of the Public Records of Miami -
Dade County, Florida, together with an undivided interest in all common elements and limited
common elements appurtenant thereto.
4906-5390-9074, v. 3
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