RELEASE OF DEVELOPER'S OBLIGATIONS UNDER HOTEL DENSITY RESERVE DEVELOPMENT AGREEMENTPrepared By and Return to:
BRIAN J. AUNGST, JR., ESQ.
Macfarlane Ferguson & McMullen
Post Office Box 1669
Clearwater, FL 33757
KEN BURKE, CLERK OF COURT
AND COMPTROLLER PINELLAS COUNTY, FL
INST# 2017066689 03/02/2017 at 09:00 AM
OFF REC BK: 19538 PG: 1649 -1651
DocType:REL RECORDING: $27.00
RELEASE OF DEVELOPER'S OBLIGATIONS UNDER
HOTEL DENSITY RESERVE DEVELOPMENT AGREEMENT
This RELEASE OF DEVELOPER'S OBLIGATION UNDER HOTEL
DENSITY RESERVE DEVELOPMENT AGREEMENT, entered into this - I -14 day of
b i►� , 2017, by and between CITY OF CLEARWATER, FLORIDA, a
municipal corporation, State of Florida, hereinafter referred to as `'City ". whose
mailing address is: 112 S. Osceola Avenue, Clearwater, FL 33755, and MAINSTREAM
PARTNERS VIII, LTD, Florida limited partnership, its successors and /or assigns,
hereinafter referred to collectively as "Developer'', whose mailing address is: Attn:
Antonio Fernandez, 2552 22nd Ave. St. Petersburg, FL 33713,
WITNESSETH:
WHEREAS, Developer and City entered into that certain Hotel Density Reserve
Development Agreement dated October 2, 2014, recorded in O.R. Book 18550, pages
504 -537 (the "Development Agreement"), all in the public records of Pinellas County,
Florida; and
WHEREAS, City agrees to release Developer from any and all obligation under
said Development Agreement; it is
NOW, THERFORE, for good and valuable considerations. the receipt and
sufficiency of which is hereby acknowledged, as follows:
1. The City acknowledges that the Developer has fulfilled its obligations
under the Development Agreement prior to its assignment to AP BEACH PROPERTIES,
LLC, ( "Assignee "), notice of such assignment, pursuant to Section 14.1.2 of the
Development Agreement, was provided to the City on February 2. 2017, Developer is not
in default, and no event has occurred necessitating the City notifying the Developer of a
basis for termination, pursuant to Section 10 of the Development Agreement.
2. The City does hereby release Developer from all obligations under the
Development Agreement.
[GMI3 -1420 - 132/198777/11 Page 1 of3
3. Assignee does hereby continue to be obligated under the terms of said
Development Agreement, which Development Agreement remains in full force and effect
and has not been amended, modified or supplemented except as set forth above.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals the
day and year set forth below their signatures.
In the Presence of:
7
Print Narne
As to "Developer
As to "Developer"
/4
Approved as to Form
Camilo A. Soto, Assistant City Atty.
MAINSTREAM PARTNERS VIII, LTD,
a Florida limited partnership
By: MAINSTREAM GP, LLC,
Its General Partner
By: MAINSTREAM AMERICA, INC.,
Its Managing Member
By:
Antoni ' ernandez, Mana resident
CITY OF CLEARWATER,
FLORIDA
By:
William B. Horne, II,
City Manager
Attest
Rosemarie Call, City Clerk
As to "City"
[GM I3- 1420 - 132/198777/1] Page 2 of 3
STATE OF FLORIDA
COUNTY OF PINELLAS
The foregoing instrument was acknowledged before me this (Of day of
‘6brww- , 2017, by ANTONIO FERNANDEZ, as Manager of Mainstream GP.
LLC, an as President of Mainstream America. Inc., and on behalf of Mainstream
Partners VIII, LTD, their limited partnership. He is [ r'1 personally known to me or has
1 produced as identification.
1 •• ro,,',.,,, PETER MORROW
1 A 'Notary Public - State of Florida
Commission # FF 211722
1 % ?� My Comm. Expires Jun 18, 2019 L
1 -' ,P,;,,;t. •• Bonded through National Notary Assn.
STATE OF FLORIDA
COUNTY OF PINELLAS
'ublic
rant Name:
My Commission Expires:
The foregoing instrument was acknowledged before me this 1 fl% day of
1Ork -ko . , 2017, by WILLI
City Clea�ter Florida, is ✓f
Y [
produced
M B. HORNE, II, as City Manager of the
personally known to me or who has [
as identification.
"a SANDRA HARRIGER
�r MY COMMISSION # FF930375
y� �O SIRES: January 04, 2020
[GM 13-1420-132/198777/11
Notary Public
Print Name: Sci -r \ar - {-4.6k-r" y-er-
My Commission Expires: II4 IZv
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