Reso 2018-2890 - Laserfiche WebLink

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AGREEMENT OF PURCHASE AND SALE THIS AGREEMENT OF PURCHASE AND SALE ("Agreement") is made and entered into this _ day of , 2018 by and between WINSTON TOWERS 600 CONDOMINIUM ASSOCIATION, INC., a Florida not for profit corporation ("Seller") and THE CITY OF SUNNY ISLES BEACH,FLORIDA, a municipal corporation organized under the laws of the State of Florida ("Purchaser"). WITNESSETH: WHEREAS, Seller is the association for the condominium development called Winston Towers 600 Condominium and is the fee simple owner of the Property as legally described in Exhibit"A" ("Property"); and WHEREAS, the Purchaser seeks to acquire the fee simple title and interest in the Property for its Pedestrian Overpass Bridge on 174 Street to connect the west and east sides of Collins Avenue ("Pedestrian Bridge"); WHEREAS, Purchaser, by adoption of Resolution No. has authorized the City Manager and City Attorney to negotiate a purchase of the Property; WHEREAS, Seller desires to sell the Property to Purchaser and Purchaser desires to purchase the Property from Seller in accordance with and subject to the terms and conditions hereinafter set forth. NOW, THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, and the sum of TEN AND N0/100 DOLLARS ($10.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, do hereby agree as follows: 1. Purchase and Sale. Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, that real property consisting of approximately 2,400 square feet, more or less, from the condominium development commonly called the Winston Towers 600 Condominium, situate, lying and being in the City of Sunny Isles Beach, County of Miami-Dade ("County"), State of Florida, and of which the legal description is set forth in Exhibit "A" attached hereto and made a part hereof("Property") in fee simple, together with all improvements thereon. 2. Grant of Easements. Subject to the conditions and stipulations set forth in the easement agreements and for valuable consideration set forth herein, the Seller hereby grants the Purchaser a permanent non-exclusive easement in, over, under, through and across the easement parcel legally described in Exhibit "B" for pedestrian use, landscaping, installation of Page 1 of 6 EXHIBIT"A"