Laserfiche WebLink
INDEMNIFICATION AGREEMENT <br />This Indemnification Agreement dated this L7 fI day of 1� 1 2011, by <br />Fort Apache Marina, LLC, a Florida limited liability company ( "Fort Apache "), and <br />18555 Developers, LLC, a Florida limited liability company ( "18555 ") in favor of the <br />City of Sunny Isles Beach, Florida (the "City "). <br />WITNESSETH: <br />WHEREAS, Fort Apache has assigned to 18555 the 34,485 sq. ft. of Transfer of <br />Development Rights ( "TDR's ") and 19 corresponding units held in an account designated <br />and held for the benefit of Fort Apache with the City; and <br />WHEREAS, Fort Apache and 18555 have agreed to indemnify and hold harmless <br />the City as hereinafter provided; <br />NOW, THEREFORE, in consideration of the mutual covenants contained herein, <br />and for other good and valuable consideration, the receipt of which is hereby <br />acknowledged, the parties do hereby agree as follows: <br />1. The above recitals are true and correct and are incorporated herein. <br />2. Fort Apache has assigned to 18555 the 34,485 sq. ft. of TDR's and 19 <br />corresponding units which are held in an account for the benefit of Fort Apache <br />with the City. <br />3. Fort Apache and 18555 agree and do hereby indemnify and hold harmless the <br />City from any liability as to any claims that may arise between them or any <br />private parties as a result of the transfer of the TDR's from Fort Apache to 18555. <br />IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the <br />day and year first above written. <br />(See Separate Signature Pages) <br />1 #4--) <br />