Reso 2012-1898 - Laserfiche WebLink

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ASSIGNMENT OF TRANSFER OF DEVELOPMENT RIGHTS KNOW ALL MEN BY THESE PRESENTS, that Jerry's Famous Deli, Inc., a California corporation ("Assignor"), for and in consideration of the sum of Ten and No/IOO ($10.00) Dollars, and other good and valuable consideration, paid, received from, and on behalf of Abus, 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 98,996 square feet of Transfer of Development Rights ("TDRs") held in an account designed for and held for Assignor, 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 of98,996 square feet ofTDRs in an account of which 98,996 square feet ofTDRs is 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: I. The above recitals are true and correct and are hereby incorporated by reference herein. 2. Assignor upon execution of this Assignment, hereby assigns and transfers 98,996 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 herein has caused this Assignment of Transfer Development Rights, to bf ~uted by its duly authorized representative freely and voluntarily on this '3 day of M!\ ,2012. (See Separate Signature Pages) Witnessed: p,g;-~~, IJRi PriI/t Name: Jli'IIfUI ((. C~,; ASSIGNEE: