CONFIRMATION OF CONSENT BY CITY TO ASSIGNMENT AND ASSUMPTION AGREEMENT
J':~~~;~AT: SbGar, Esq. .
", ltud4lD, McClosky, SmUb, Sehust.er (, RU$5ell, P.A.
401 Ea:>t JacJc$on Stl'eet, Suite 2700
Tamp", PI. 33602
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CONFIRMATION OF CONSENT BY CITY TO
ASSIGNMENT AND ASSUMPTION AGREEMENT
The THE CITY OF CLEARWATER (the "City"). hereby consents to the
assignment by BEACHWALK RESORT, LlC. ("Assignor") to CRYSTAL BEACH
CAPITAL. LLC ("Assignee") of all of the Assignor's right. title and interest in and
to the Development Agreement entered into on MarCh 13. 2001, as amended on
August 28. 2002 and December 10, 2004 between the City and Assignor, as of
the date hereof. The City further consents to the Assignee's assumption of the
pelformance of an the terms. covenants, obligations and conditions imposed upon
the Assignor pursuant to the Development Agreement, and the City does hereby
fully release Assignor from all obligations under the Development Agreement.
IN WITNESS WHEREOF, the City hereby causes this consent to be
executed as of the ...9 ~ day of ~.Iu."'t'.\. 2005.
CITY OF CLEARWATER, FLORIDA
By:
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~nk V. Hibbard '
Mayor
Approved as to form:
Attest:
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Pamela K. Akin
City Attorney
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