AMENDMENT TO AGREEMENT
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AMENDMENT TO AGREEMENT
THIS AMENDMENT TO AGREEMENT made and entered into
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this If day of March, 1982, by and between the CITY OF CLEAR WATER,
FLORIDA, a municipal corporation, hereinafter called "City" and the
GREATER CLEARWATER CHAMBER OF COMMERCE, a Florida non-
profit corporation, hereinafter called "Chamber";
WITNESSETH:
WHEREAS, City and Chamber on April 15, 1963, entered into an
agreement covering the sale and purchase of two parcels of real estate; and
WHEREAS, by reason of such agreement Chamber became the owner
of a parcel identified as Parcel II in the agreement, subject to a reversionary
interest possessed by the City; and
WHEREAS, the parties desire to amend certain of the paragraphs
contained in such agreement;
NOW, THEREFORE, in consideration of the promises and of the
mutual covenants of the parties, it is agreed as follows:
1. That Paragraph 3 of that certain agreement dated April 15,
1963, be and the same is hereby amended to read as follows:
"3. City agrees upon the request of Chamber to subordinate
its reverter provision, as above described, to the lien
of any construction andlor permanent amortized mortgage,
in an amount not to exceed Ninety- six Thousand Dollars
($96,000.00), or such increased amount as may be mutually
agreed by City and Chamber, executed by Chamber to any
recognized financial institution, which mortgage or
mortgages shall be for the purpose of construction of
permanent facilities and other capital improvements
including building and equipment which may be needed
now and in the future on Parcel II to be used for Chamber
of Commerce purposes.
2. That Paragraph 4 of that certain agreement dated April 15,
1963, be and the same is hereby amended to read as follows:
"4. City agrees to exert its best efforts to obtain from
Betsy R. Rogers, owner and holder of a mortgage on
Parcel II, together with certain other property, a release
of said Parcel II from the lien of her mortgage or an
agreement to subordinate her remaining mortgage to
the mortgage in favor of the First National Bank of
Clearwater and any additional mortgage placed thereon
by Chamber, if necessary.
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3. That except as specifically amended herein, the agreement
dated April 15, 1963, by and between City and Chamber shall remain in full
force and effect as to all its terms.
IN WITNESS WHEREOF, the parties hereto have set their hands
and seals as of the day and year first set out above.
~;d:6~
ayor- Commissioner
By
Attest:IJ_.
(~~L~
City Clerk
GREATER CLEARWATER CHAMBER
OF COMMERCE
Attest:/
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