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Reso 2006-911
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Reso 2006-911
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Last modified
7/1/2010 9:41:49 AM
Creation date
8/2/2006 4:42:12 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2006-911
Date (mm/dd/yyyy)
04/11/2006
Description
CRESCENT HEIGHTS XLIV - Option Agmt for 3.82 Acres @ 19200 Collins Ave
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<br />12.2 Mechanic's Lien Affidavit. A mechanic's lien affidavit in the customary <br />form, attesting that to the knowledge of Seller, (a) no individual, entity or Governmental <br />Authority has any claim against the Property under the applicable mechanic's lien law, (b) no <br />individual, entity or Governmental Authority is either in possession of the Property or has a <br />promissory interest or claim in the Property (except Lessee and Buyer), and (c) no improvements <br />to the Property have been made for which payment has not been made. <br /> <br />12.3 Gap Affidavit. An affidavit in form and content reasonably satisfactory to <br />the Title Company to facilitate the insuring of the "gap", i,e., the deleting as an exception to the <br />Title Commitment any matters appearing between the effective date of the Title Commitment <br />and the effective date of the Title Policy. <br /> <br />12.4 FIRPT A. A FIRPT A Non-Foreign Entity Transfer Celiificate or <br />Exemption Certificate or document evidencing withholding, in accordance with Section 1445 of <br />the Internal Revenue Code. <br /> <br />12.5 DR-219. DR-219 as required for recording. <br /> <br />12.6 Assignment and Assumption Agreement. Two (2) counterparts executed <br />by Seller of an assignment and assumption agreement with respect to the Parking Agreement <br />(the "Assignment and Assumption Agreement"), wherein (i) Seller assigns the Parking <br />Agreement to Buyer and agrees to indemnify and hold harmless Buyer and its officers, directors, <br />employees, agents, successors and assigns from all claims, damages, losses, liabilities, costs and <br />expenses, including reasonable attorneys' fees and disbursements, arising out of Seller's failure <br />to perform or comply with any and all obligations of Seller under the Parking Agreement that <br />arose prior to the Closing Date and (ii) Buyer agrees to assume all obligations of Seller that arise <br />under the Parking Agreement on and after the Closing Date and to indemnify and hold harmless <br />Seller and its personal representatives, executors, heirs, beneficiaries, employees, agents, <br />successors and assigns from all claims, damages, losses, liabilities, costs and expenses, including <br />reasonable attorneys' fees and disbursements, arising out of Buyer's failure to perform or comply <br />on or after the Closing Date with any such obligations under the Parking Agreement. <br /> <br />12.7 Closing Statement. At least four (4) counterparts of a closing statement <br />for this transaction, executed by Seller. <br /> <br />13. Buyer's Closing Documents. At closing, Buyer shall deliver the following <br />documents (Buyer's Closing Documents) to Seller; <br /> <br />13. I City Commission Approval. A certified copy of the Resolution, Minutes <br />or Agenda Actions of the pertinent meeting of the Commission Council showing that Buyer has <br />been authorized to enter into and execute this Agreement and consummate the transaction herein <br />contemplated. This Agreement shall be presented to City Commission for its approval at its <br />regular meeting scheduled for April 11, 2006. If not approved, this Agreement shall be null and <br />void ab initio. <br /> <br />13.2 Appraisals. Any and all appraisals required under Chapter 166 of the <br />Florida Statutes. <br /> <br />Crescent Heights XLIV, Inc. #2 <br /> <br />12 <br /> <br />S\B <br />
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