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Reso 2008-1241
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Reso 2008-1241
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Last modified
8/4/2010 10:53:23 AM
Creation date
6/10/2008 9:50:40 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2008-1241
Date (mm/dd/yyyy)
03/20/2008
Description
Option Agmt w/St. Tropez Purchase & Sale of Property on Sunny Isles Blvd ($1,558,419.78)
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<br />thereof and Buyer shall purchase the Property for the full Purchase Price pursuant to this <br />Agreement. <br /> <br />10.2 No Implied or Unwritten Representations. BUYER FURTHER <br />ACKNOWLEDGES AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTI.I IN <br />SECTION 7 OF TI-lIS AGREEMENT, SELLER HAS NOT, DOES NOT AND WILL NOT <br />MAKE, AND HEREBY DISCLAIMS, ANY AND ALL WARRANTIES AND <br />REPRESENTATIONS WITH RESPECT TO THE PROPERTY, WHETHER EXPRESS OR <br />IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY <br />LIMITED TO, ANY WARRANTY OF CONDITION, MERCHANTABILITY, <br />HABITABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE, OR WITH <br />RESPECT TO THE VALUE, PROFITABILITY, MARKETABILITY OR ACREAGE OF THE <br />PROPERTY. In entering into this Agreement, Buyer has not been induced by and has not relied <br />upon any such representations, warranties or statements, whether express or implied, written or <br />oral, made by Seller or any agent, employee or other representative of Seller or by any broker or <br />any other person representing or purporting to represent Seller. The provisions of this section <br />10.2 shall survive Closing and any earlier termination of this Agreement. <br /> <br />II. Closing. The Closing shall occur within one hundred twenty (120) days of the <br />execution date of this Option Agreement or no earlier than thirty (30) days after the Option <br />Acceptance Date and shall take place at the Sunny Isles Beach Government Center. <br /> <br />12. Seller's Closing Documents. At closing, Seller shall deliver the following <br />documents ("Seller's Closing Documents") to Buyer: <br /> <br />12. I Special WaITanty Deed. The Special Warranty or Quit Claim Deed shall <br />be duly executed and acknowledged by Seller so as to convey to Buyer good and marketable fee <br />simple title to the Property free and clear of all liens, encumbrances and other conditions of title <br />other than the Permitted Exceptions and exceptions not duly objected to by Buyer. <br /> <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 Propeliy or has a <br />promissory interest or claim in the Property (except Seller 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 Certificate 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 />rL <br /> <br />Option Agrccmcnt for Milton Propcrty 011 Sunny Islcs Blvd I 1 <br />
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