RESOLUTION NUMBER 89-02 FOR AUTHORIZNG DELVERY OF THE LEGAL DOCUMENTS NECESSARY TO CLOSE REAL ESTATE TRANSACTION
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RESOLUTION NO. 89-2
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF CLEARWATER, FLORIDA, RATIFYING AND
CONFIRMING THE PURCHASE OF SURPLUS PROPERTY FROM THE
CITY OF CLEARWATER, RATIFYING AND CONFIRMING THE SALE
OF SAID SURPLUS PROPERTY TO MAS ONE LIMITED PARTNERSHIP
AND AUTHORIZING DELIVERY OF THE LEGAL DOCUMENTS
NECESSARY TO CLOSE SAID REAL ESTATE TRANSACTION.
WHEREAS, the City Commission heretofore enacted Resolution 89-52 to
declare a portion of the property known as Parking Lot #8 and the adjacent
triangle of undeveloped property to be surplus to the needs of the City and
authorized sale of the property hereinafter described to the Community
Redevelopment Agency of the City of Clearwater (hereinafter referred to as
"CRA") for the total sum of $222,989.00; and
WHEREAS, CRA thereafter entered into and executed on September 29, 1989,
an Agreement for Purchase and Sa le of Rea 1 Property wi th Mas One Limited
Partnership for purchase of the property hereinafter described, to-wit:
LEGAL DESCRIPTION: LOT 4
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40"W. along
the North line of said Section 16 for 614.19 feet; thence S.03006'40"W. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a
point on the Southerly right-of-way 1 ine of Laura Street and the POINT OF
BEGINNING; thence continue S.03006140"W. for 87.87 feet; thence S.88030'47"W.
for 45.22 feet; thence S.43030'47"W. for 39.02 feet; thence S.88030'47"W. for
29.29 feet; thence N.OI030'251IW. for 30.22 feet; thence S.88047'08"W. for 18.05
feet; thence N.03006140"E. for 218.22 feet to the Southerly right-of-way line
of Laura Street and to a point on the arc of a non-tangent curve, concave to the
Southwest (from which a radial line bears S.38048'30"W. to the center of said
curve); thence along said right-of-way line for the next three (3) courses: 1)
Southeasterly along the arc of said curve, having for its elements a radius of
125.00 feet, a central angle of 17022150", an arc distance of 37.92 feet, a
chord of 37.77 feet and chord bearing of S.42030105"E; 2) non-tangent to
aforesaid curve S.30044158"E. for 50.63 feet to a point on the arc of a non-
tangent curve, concave to the Northeast (from which point a radial line bears
N.57051IOO"E. to the center of said center); 3) Southeasterly along the arc of
said curve, having for its elements a radius of 170.38 feet, a central angle of
28052'29", an arc distance of 85.86 feet, a chord of 84.96 feet and chord
bearing S.46035115"E to THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
AND
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40"W. along
the North line of said Section for 614.19 feet; thence S.03006'40"W. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
on the Southerly right-of-way line of Hendricks Street; thence N.89042112"W.
along said right-of-way line for 10.01 feet to the POINT OF BEGINNING; thence
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S.03006140"W. for 86.22 feet to the Northerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Northeast (from
which point a radial line bears N.47034141"E. to the center of said curve)
thence along said right-of-way line for the next three (3) courses: 1)
Northwesterly along the arc of said curve, having for its elements a radius of
120.38 feet, a central angle of 10000122" and arc distance of 21.02 feet, a
chord of 21.00 feet and chord bearing N.37025I08"W; 2) non-tangent to aforesaid
curve N.30044158"W. for 63.43 feet to a point on the arc of a tangent curve,
concave to the Southeast; 3) Northwesterly and Northeasterly along the arc of
said curve, having for its elements a radius of 10.00 feet, a central angle of
121002146", an arc distance of 21.13 feet, a chord 17.41 feet and chord bearing
of N.29046124"E. to a point on the Southerly right-of-way line of Hendricks
Street; thence S.89042113"E. along said Southerly right-of-way line for 41.22
feet to the POINT OF BEGINNING.
Containing 2,571 square feet, more or less.
WHEREAS, Mas One Limited Partnership purchased the above-described
property from CRA in order to construct an office building on the said property;
and
WHEREAS, it is now necessary to ratify and confirm purchase of .said
property from the City of Clearwater and the subsequent sale and execution of
the said Agreement for Purchase and Sale of Real Property dated September 29,
1989, as a requirement for completion by purchaser of its financing of the
purchase of said property and the issuance of title insurance to the said
purchaser; and
WHEREAS, the CRA desires to consummate the sale and closing of said
property to Mas One Limited Partnership now scheduled for November 6, 1989;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA:
Section 1. The CRA hereby ratifys and confirms the purchase of the real
property hereinabove described from the City of Clearwater for the sum of
$222,989.00.
Section 2. The CRA hereby ratifys and confirms the sale of the property
herein described to Mas One Limited Partnership for a total purchase price for
the two lots of $153,729.78, upon the terms and conditions as contained in that
certain Agreement for Purchase and Sale of Real Property dated the 29th day of
September, 1989, as subsequently amended by interlineation initialed by the
proper officers of CRA and Mas One Limited Partnership.
Section 3. The proper officers of the CRA to-wit: the Chairman and
Secretary, are hereby authorized, empowered, and directed to sign and deliver
all documents required to close the sale of said real property herein described
to Mas One Limited Partnership.
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Section 4. Certified copies of this Resolution shall be delivered
forthwith to the City Clerk for the City of Clearwater, Florida and to the
representative of Mas One Limited Partnership and to the title insurance company
issuing title insurance on said property.
Section 5. This Resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED this
~Nd
day of November, 1989.
Attest:
.,&!~' G. A~ J).. e-
Cynth a E. Goudeau
Secre ary~
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