Reso 2008-1264 - Laserfiche WebLink

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OPTION AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY This Option Agreement for Purchase and Sale of Real Property (hereinafter the "Agreement"), is made and entered into as of this day of May, 2008, by and between the City of Sunny Isles Beach, a Florida municipal corporation and/or its assigns (the "Buyer") and the Avila Condominium Association, Inc., a Florida not for profit corporation (the "Seller"). In consideration of the mutual agreements set forth below, the parties agree as follows: 1. Definitions. The following terms when used ln this Agreement shall have the following meaning: 1. 1 Buyer. mailing address is Florida 33160. City of Sunny Isles Beach. 18070 Collins Avenue, Sunny Isles Buyer's Beach, 1.2 Closing. The delivery of the Deed to Buyer concurrently with the delivery of the Purchase Price to Seller. 1.3 Closing Date. The date of the Closing as determined ln accordance with Paragraph 11 below. 1.4 Deed. A Quit Claim Deed which conveys the - Property from Seller to Buyer. 1. 5 Effective Date. The date that this Agreement is executed by the last party to sign it. 1.6 Governmental Authority. Any federal, county, municipal, or other governmental department, authority, commission, board, bureau, court, agency instrumentali ty of any of them which has jurisdiction Property. state, enti ty, or any over the 1.7 Governmental Requirement. Any law, enactment, statute, code, ordinance, rule, regulation, judgment, decree, writ, injunction, franchise, permit, certificate, license, authorization, agreement, or other direction or requirement of any Governmental Authority now existing or hereafter enacted, adopted, promulgated, entered, or issued applicable to the Exhibit "A"