Reso 2011-1752 - Laserfiche WebLink

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Prepared by and Return to: Joel S. Piotrkowski, Esquire Green, Kahn & Piotrkowski, P.A. 317 - 71 st Street Miami Beach, FL 33141 ASSIGNMENT OF TRANSFER OF DEVELOPMENT RIGHTS KNOW ALL MEN BY THESE PRESENTS, that Plaza Isle, LLC, a Florida limited liability company ("Plaza Isle" or "Assignor"), for and in consideration of the sum of Ten and NollOO ($10.00) Dollars, and other good and valuable consideration, paid, received from, and on behalf of Abus Sunny Isles, LLC, a Florida limited liability company ("Assignee"), its heirs, successors, or agents, at or before ensealing and delivery of the presents, in Miami-Dade County, Florida, State of Florida, the receipt and sufficiency of which is hereby acknowledged and accepted, does hereby grant to Assignee 40,000 square feet of Transfer of Development Rights ("TDRs") held in an account designed for and held for Plaza Isle, with the City of Sunny Isles Beach, Florida. WHEREFORE, Plaza Isle has on deposit in a TDR Bank with the City of Sunny Isles Beach, Florida, the amount of 40,000 square feet ofTDRs in an account for the benefit of Plaza Isle as owner of same; NOW, THEREFORE, in consideration of the mutual promise and exchange between the parties and other good and valuable consideration, the parties agree and stipulate as follows: 1. herein. The above recitals are true and correct and are hereby incorporated by reference 2. Plaza Isle upon execution of this Assignment, hereby assigns and transfer 40,000 square feet ofTDRs to Assignee, its heirs, successors, or agents. TO HA VE AND TO HOLD, the same unto the said Assignee, its heirs, legal representatives, successors, administrators and assigns forever. IN WITNESS WHEREOF, the party herein has caused this Assignment of Transfer Developme~t Rights, to &e executed by its duly authorized representative freely and voluntarily onthisjSf'/dayof I~~ ,2011. . " (See Separate Signature Pages)