CLEARWATER CENTRE ESTOPPEL CERTIFICATE
ESTOPPEL CERTIFICATE
k t') ,2007
Espacio USA, Inc.
C/o Carlos I. Ferdinand, Esq.
Hogan & Hartson, LLP
Mellon Financial Center
1111 Brickell Avenue
Suite 1900
Miami, FL 33131
RE: Community Redevelopment Agency of the City of Clearwater (the "Agency /~-
Agreement for Development and Disposition of Property (the "Development
Agreement/~ dated June 7, 2007, between the Agency and Clearwater Centre,
LLC ("Developer/~.
The undersigned, Rod Irwin as Executive Director of the Agency, after being duly sworn
before me under oath, hereby swears, affirms and certifies to Espacio USA, Inc. ("Espacio"), as
follows:
1. The undersigned is the Executive Director of the Agency, and has personal
knowledge of the matters set forth herein.
2. The Development Agreement, a true and correct copy of which is attached hereto
as Exhibit "A" and by this reference made a part hereof, is in full force and effect as of the date
hereof. The Development Agreement has not been amended, modified or supplemented in any
way. The Development Agreement, together with the foregoing amendments or modifications,
if any, represents the entire agreement between the Agency and the Developer relating to the
subject matter thereof.
3. With the exception of a recorded Performance Mortgage, Developer and the
Agency have each complied with and performed all of their respective obligations under the
Development Agreement required to be complied with or performed as of this date and have paid
all sums required to be paid as of the date of this Certificate, respectively, by them, if any,
pursuant to the terms of the Development Agreement.
4. Neither the Agency nor Developer is in default in any material respect under or
pursuant to the Development Agreement and no condition exists, which with giving of notice or
passage of time or both would constitute a material default under the Development Agreement.
Espacio USA, Inc.
,2007
Page 2 of2
5. The Agency acknowledges and agrees that Espacio may rely and is relying on this
certificate as provided in Section 11.08 of the Development Agreement.
IN WITNESS WHEREOF, the undersigned has executed this Estoppel Certificate as of
the/~dayof r ,2007.
Approved as to form:
jJ ~;ft
Pamela K. Akin, City Attorney
COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF
CLEARWATER, FLORIDA
BY:~~
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