SUBORDINATION OF THE REVERTER CLAUSE IN ORIGINAL DEED
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September 5, 1974
Mr. Steven C. Doychak
Executive Vice President
Greater Clearwater Chamber
of Comme rco
128 N. Osceola Avenue
Clearwater, Florida 33515
Dear Mr. Doychak:
We enclose herewith a copy of the motion from the Commission
Meeting of August 26, 1974, wherein the City Commission of the City of
Clearwater approved your request to allow the subordination of the reverter
clauDe in the original deed from the City of Clearwater to the Chamber of
Commerce in order to negotiate'a new note.
I trust this will suffice for your purposes. If it does not, however,
I will be glad to ass18t you further.
Very truly yours,
Ene.
Herbert M. Brown
City Attorney
HMB:br
cc: City Manager
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th,1t l:'~~;olution f174-96 be. passed and adop~ed and ~he approp-
'1"1' ,"'t', f' [.l' cials be aUfhor~ZCd to execute ~ t. l101"I~on was
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... :Be' I'd by Comr:usS~o 'I" Rank~n an carr e unan~mous y.
COld.\..: . '
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IT~M 032 - Acceptance of Deeds, Easements qnd Restric-
tions:
The City Attorney presented the following instruments:
Warranty Deed from H. Roy Ahlgrim for right-
of-way in the West 20 feet of " Lots IS through
27"inclusive, in Block C, Drew Heights Subd.
Three easements from William J. Tanney, Trustee,
for storm sewer and drainage in North and
Northwest portions of Block 2, Baskins Replat.
.
Restriction from Skycr.est Bap~ist Church in W~
of SW~ of SW~ of Sect; 12-29-15 and part of
Drew Heights Subd.
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CommissIoner Carwise moved that the above instruments
be accepted and that the City Clerk be directed'to,record
same in the Public Records of Pine lIas County, Florida..
Motion was seconded by Commissioner DeBlaker and carried
unanimously.
ITEM #33 - Request' from Chamber of Commerce.
The City Attorney read a request from the Greater
Clearwater Chamber of Commerce to subordinate a reverter
clause so that the Chamber can refinance a loan on this
property in the. sum of about $25,OQO from the First National
t
Bank of C,learwater. Commissioner Rankin moved that the new
mortgage in the principal sum of approximately $25,000 be
recognized and that the reverter provision in the deed to
the Chamber of Commerce be subordinated to the pro~osed loan.
Commissioner Carwise seconded the motion which carried
unanimously.
There beine no further business, the mcctin~ adjourned
at 6:31t p.m.
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