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SONNY/S 1
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<br /> . SIC'. 2
<br /> or
<br /> AGREEMENT OF PURCHASE AND SALE
<br /> THIS AGREE 'LENT OF PURCHASE AND SALE ("Agreement") is made and
<br /> entered into this Z 1 day of f±ohd , 2014 by and between THE CITY OF SUNNY
<br /> ISLES BEACH, FLORIDA ("Seller") a body corporate and politic organized under the laws of
<br /> the State of Florida and CHABAD LUBAVITCH RUSSIAN CENTER OF SOUTH FLORIDA
<br /> ("Purchaser").
<br /> WITNESSETH:
<br /> WHEREAS, Seller is the fee simple owner of the Realty(hereinafter defined); and
<br /> WHEREAS, the Purchaser has the desire to construct a mixed use development project
<br /> consistent of a Synagogue, Community Center, and Condominium("Project"); and
<br /> WHEREAS, Seller desires to sell the Property (hereinafter defined) to Purchaser, and
<br /> Purchaser desires to purchase the Property from Seller, in accordance with and subject to the
<br /> terms and conditions hereinafter set forth.
<br /> NOW, THEREFORE, in consideration of the foregoing, the mutual covenants
<br /> contained herein, and the sum of TEN AND NO/100 DOLLARS ($10.00), and other good and
<br /> valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties,
<br /> intending to be legally bound,do hereby agree as follows:
<br /> 1. Purchase and Sale; Realty. Seller agrees to sell to Purchaser, and Purchaser
<br /> agrees to purchase from Seller, all that certain parcel of real property consisting of approximately
<br /> .858 acres, more or less, situate, lying and being in the County of Miami-Dade ("County"), State
<br /> of Florida, and of which the legal description is set forth in Exhibit "A" attached hereto and made
<br /> apart hereof("Realty")in fee simple, together with the following property and rights (the Realty
<br /> and such property and rights are referred to herein collectively as the("Property"):
<br /> (a) All surveys, plans, plats, soil tests, engineering studies, environmental
<br /> studies and all other documents, studies, title policies, licenses, permits, authorizations,
<br /> approvals, soil and ground water reports and asbestos material surveys, and any other intangible
<br /> rights pertaining to the ownership and/or operation of the Realty, if any (collectively, the
<br /> "Documents");
<br /> (b) All strips and gores of land lying adjacent to the Realty, together with all
<br /> easements, privileges, entitlements, riparian and other water rights, lands underlying any
<br /> adjacent streets or roads, improvements located on the Realty and appurtenances pertaining to or
<br /> accruing to the benefit of the Realty; and
<br /> VK` F
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