Reso 2012-1861 - Laserfiche WebLink

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ASSIGNMENT OF TRANSFER OF DEVELOPMENT RIGHTS KNOW ALL MEN BY THESE PRESENTS, that Abus Sunny Isles, LLC, a Florida limited liability company ("Assignor"), for and in consideration of the sum of Ten and NollOO ($10.00) Dollars, and other good and valuable consideration, paid, received from, and on behalf of Chateau Beach, LLC, a Florida limited liability company ("Assignee"), its heirs, successors, or agents, in Miami-Dade County, Florida, State of Florida, the receipt and sufficiency of which is hereby acknowledged and accepted, does hereby grant to Assignee 40,000 square feet of Transfer of Development Rights ("TDRs") held in an account designed for and held for Abus Sunny Isles, LLC, with the City of Sunny Isles Beach, Florida. WHEREFORE, Assignor has on deposit in a TDR Bank with the City of Sunny Isles Beach, Florida, the amount of 40,000 square feet ofTDRs in an account for the benefit of Assignee as owner of same; NOW, THEREFORE, in consideration of the mutual promise and exchange between the parties and other good and valuable consideration, the parties agree and stipulate as follows: 1. herein. The above recitals are truc and correct and are hereby incorporated by reference 2. Assignor upon execution of this Assignment, hereby assigns and transfer 40,000 square feet ofTDRs to Assignee, its heirs, successors, or agents. TO HAVE AND TO HOLD, the same unto the said Assignee, its heirs, legal representatives, successors, administrators and assigns forever. IN WITNESS WHEREOF, the party hcrein has caused this Assignment of Transfer Develop~t Rights, to ~Sf,y its duly authorized representative freely and voluntarily on this ~ day of W. ,2012. (See Separate Signature Pages) Witnessed: ASSIGNOR: Q~ /' P 'nt Name: t'L/-1Ul..~ r)Jet-t <$A.. By: Manuel Grosskopf, M P'itNat11~