EXHIBIT C - RELEASE IMR - SITE II PROJECT
, .
I
I
This instrument was prepared by
and should be returned to:
R. James Robbins, Jr., Esq., of
Hill, Ward & Henderson, P.A.
Suite 3700 - Bank of America Plaza
101 East Kennedy Boulevard
Tampa, FL 33602
EXHIBIT C
RELEASE
[IMR - SITE II PROJECT]
This RELEASE is made this I~ +-- day of JlUl-l , 2000, by the COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, a public body
corporate and politic of the State of Florida (the "Agency"), whose address is 112 South Osceola
Avenue, Clearwater, Florida 32521. This Release pertains to an Agreement for Development
and Disposition of Property - IMR-Site II, by and between the Agency and IMRGLOBAL
CORP., a Florida corporation, formerly known as Information Management Resources, Inc.
("IMRglobal"), dated as of October 27, 1998, as amended by that certain First Amendment to
Agreement for Development and Disposition of Property - IMR-Site II by and between the
Agency and IMRglobal dated J\A.l^~ ,~ , 2000 (the original Development Agreement and
the First Amendment hereto shall hereinafter be referred to as the "Development Agreement"),
which provides among other things, for the sale of property within a project site as described in
Schedule A attached hereto and made a part hereof for the development and construction of the
IMR-Site II project, as is defined in the Development Agreement.
In accordance with Section 15.01 of the Development Agreement, IMRglobal assigned
its obligations thereunder to Paul Simone or Assigns ("Simone"), and Simone assumed said
obligations, pursuant to that certain Agreement for Sale by and between IMRglobal and Simone
dated March 10, 2000 (the "Sale Agreement"), which Sale Agreement was subsequently
assigned by Simone to S & P Properties, L.c. ("S & P Properties") on April 12, 2000. The
Agency has consented to this assignment and assumption of IMRglobal' s obligations under the
Development Agreement to S & P Properties, and this Certificate has been executed by the
Agency as provided in Section 15.01 thereof and constitutes a conclusive determination that (i)
the Agency does hereby and by these presents, on behalf of itself, it partners, its agents and
employees, and on behalf of anyone claiming by or though or under the Agency, fully remise,
release, acquit and forever discharge IMRglobal, its successors, officers, directors, agents or
employees, of and from any and all obligations and duties arising out of, or in connection with in
any way or manner, or as a result of a breach or alleged breach of, the Development Agreement
and any and all other documents executed in connection therewith as well as of and from any and
all rights, claims, demands, damages, actions and causes of action, of any nature whatsoever,
14
(o2-e)
c. /
OO~J G'b -DC
.... .....
I
I
whether arising at law or in equity, that the Agency may have had, may now have, or may
hereafter have, against IMRglobal arising out of, or in connection in any way or manner, or as a
result of a breach or alleged breach of, the Development Agreement; and (ii) IMRglobal is no
longer subject to any restrictions, limitations or obligations imposed by the Development
Agreement.
Copies of the fully executed Development Agreement and First Amendment are on file
with the City Clerk, City of Clearwater, Florida, located at City Hall, 112 South Osceola Avenue,
Clearwater, Florida, which is available for review and copying by the public.
I~~ITNESS WHEREOF, the undersigned has hereunto set its name and seal this lq.t.c........
day of 7J JAr-/'- , 2000.
Signed, sealed and delivered
in the presence of: COMMUNITY REDEVELOPMENT AGENCY
OF TIlE CITY OF CLEA:~
By. ~ .
Brian 1. Aun6t
Chairperson
Approved as to form:
JJ~
Pamela K. Akin
City Attorney
Attest:
~~.. ~.~
" Agency"
15
J
.~
I
I
SCHEDULE A TO EXHmIT C
LEGAL DESCRIPTION
Lots 4, 5, 6, 7 AND 8, CLEARWATER HEIGHTS, according to the plat thereof
as recorded in Plat Book 4, Page 99, of the Public Records of Hillsborough
County, Florida of which Pinellas County was formerly a part.
G:\RJR IJUSTICE\1180\Amendment to Development Agreement new.doc
16