HomeMy WebLinkAbout24899AGREEMENT INFORMATION
AGREEMENT NUMBER
24899
NAME/TYPE OF AGREEMENT
BLOCK 55 OWNER, LLC
DESCRIPTION
PARTIAL RELEASE OF MORTGAGE & RESTRICTIVE
COVENANTS/SAWYER'S WALK PARKING GARAGE
PARCEL/MATTER ID: 24-370/#43
EFFECTIVE DATE
ATTESTED BY
TODD B. HANNON
ATTESTED DATE
3/25/2024
DATE RECEIVED FROM ISSUING
DEPT.
4/3/2024
NOTE
Prepared by, and after recording return to:
Victoria Mendez, Esq.
City Attorney, City of Miami
444 S.W. 2nd Avenue
Miami, FL 33130-1910
Tel: (305) 416-1800
Z Lib' 11
PARTIAL RELEASE OF MORTGAGE
THIS PARTIAL RELEASE OF MORTGAGE is entered into this day of
, 2024 by CITY OF MIAMI, a municipal corporation of the State of Florida,
whose mailing address is 14 NE 1 Avenue, 2nd Floor, 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 and 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") 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, 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 and/or the Restrictive Covenant, 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]
IN WITNESS WHEREOF, the undersigned has caused this Partial Release of Mortgage
to be duly executed as of the date first above written.
ATTEST:
Clerk
Date: ,3 aoD.
1-1
APPROVED AS TO FORM AND
CORRECTNESS:
By:
Victo '.`Mendez, City Att
%l;f 2`E -37o
STATE OF FLORIDA )
) SS:
COUNTY OF MIAMI-DADE )
CITY OF MIAMI, a municipal corporation of the State of
Florida
By:
Arthur Noriega V, City Manager
The foregoing instrument was acknowledged before me, by means of C -physical presence
or ❑ by online notarization, this &' day of )144;01 , 2024, 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 personally known to me or ❑ has produced
as identification.
My Commission expires:
Printed Name of Notary Public
OFELIA E. GONZALEZ
MY COMMISSION # HH 408741
EXPIRES: August 2,2027
2
EXHIBIT A
Legal Description of Released Property
[see attached description of Parking Garage Parcel]
4866-0462-6597, v. 1
2Ne339,