COMMUNITY REDEVELOPMENT AGENCY- CITY OF CLEARWATER
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CITY OF CLEARWATER
Interdepartment Correspondence Sheet
TO:
Cynthia E. Goudeau, City Clerk
Attorney)Jp
FROM:
Leo W. Schrader, Assistant City
DATE:
November 13, 1989
RE:
Mas One Closing Documents
I submit herewith the following CRA documents:
1. Original Resolution 89-1 of the CRA;
2. Original Resolution 89-2 of the CRA;
3. A photocopy of mechanics lien Affidavit executed by Rita
Garvey on November 9, 1989;
4. A photocopy of a Warranty Deed executed the 9th day of
November, 1989 , between the CRA and Mas One Limited
Partnership.
The original of the mechanics lien Affidavit and the Warranty
Deed will be delivered in escrow to the law firm of MacFarlane,
Ferguson, Allison and Kelly for closing of the real estate
transaction.
Please prepare and deliver to me certified copies of
Resolution 89-1 and 89-2, so these certified copies can be
delivered also into escrow for the closing.
LWS:ccg
Enclosures
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WAR RAN T Y 0 E E 0
THIS WARRANTY DEED Made and executed the 9 'Ii... day of November, 1989 by
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, a F lor i da Redeve 1 opment
Agency existing under the laws of the State of Florida, and having its principal
place of business at P.O. Box 4748, Clearwater, Florida, 34618-4748, hereinafter
called the grantor, to MAS ONE LIMITED PARTNERSHIP, an Ohio limited partnership
registered in Florida, whose postoffice address is: c/o Arlington Capital
Corporation, 1105 Schrock Road, Columbus, Ohio 43229-1174, hereinafter called
the grantee:
WHEREVER used herein the terms "grantor" and "grantee" include a 11 the
parties to this instrument and the heirs, legal representatives and assigns of
individuals, and the successors and assigns of corporations and limited
partnerships;
WITNESSETH: That the grantor, for and in consideration of the sum of Ten
and no/100 Dollars ($10.00) and other valuable considerations, receipt whereof
is hereby acknowledged, by these presents does grant, bargain, sell, alien,
remise, release, convey and confirm unto the grantee, all that certain land
situate in Pine11as County, Florida, viz:
LEGAL DESCRIPTION: LOT 4
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official RecDrds Book 3473, Page 918 of the Public Records of
Pine11as County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058140IlW. along
the North line of said Section 16 for 614.19 feet; thence S.03006140IlW. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a point
on the Southerly right-of-way line of Laura Street and the POINT OF BEGINNING;
thence continue S.03006'40IlW. for 87.87 feet; thence S.88030'47"W. for 45.22
feet; thence S.43030'47I1W. for 39.02 feet; thence S.88030'47"W. for 29.29 feet;
thence N.01030'25I1W. for 30.22 feet; thence S.88047'08I1W. for 18.05 feet; thence
N.03006'40IlE. for 218.22 feet to the Southerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Southwest (from
which a radial line bears S.38048'30IlW. to the center of said curve); thence
along said right-of-way line for the next three (3) courses: 1) Southeasterly
along the arc of said curve, having for its elements a radius of 125.00 feet,
a central angle of 17022'5011, an arc distance of 37.92 feet, a chord of 37.77
feet and chord bearing of S.42030'05I1E; 2) non-tangent to aforesaid curve
S.30044'58I1E. for 50.63 feet to a point on the arc of a non-tangent curve,
concave to the Northeast (from which point a radial line bears N.57051'OOIlE. to
the center of said center); 3) Southeasterly along the arc of said curve, having
for its elements a radius of 170.38 feet, a central angle of 2805212911, an arc
distance of 85.86 feet, a chord of 84.96 feet and chord bearing S.46035'1511E to
THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
AND
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official RecDrds Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
This Instrument Prepared By:
LEO W. SCHRADER
Assistant City Attorney
P.O. Box 4748
Clearwater, Florida 34618-4748
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Commence at the Northeast corner of said Section 16; thence S.88058140IlW. along
the North line of said Section for 614.19 feet; thence S.03006140IlW. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
on the Southerly right-of-way line of Hendricks Street; thence N.89042112I1W.
along said right-of-way line for 10.01 feet to the POINT OF BEGINNING; thence
S.03006140IlW. for 86.22 feet to the Northerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Northeast (from
which point a radial line bears N.47034141I1E. to the center of said curve) thence
along said right-of-way line for the next three (3) courses: 1) Northwesterly
along the arc of said curve, having for its elements a radius of 120.38 feet,
a central angle of 10000'2211 and arc distance of 21.02 feet, a chord of 21.00
feet and chord bearing N.37025'08I1W; 2) non-tangent to aforesaid curve
N.30044158I1W. for 63.43 feet to a point on the arc of a tangent curve, concave
to the Southeast; 3) Northwesterly and Northeasterly along the arc of said curve,
having for its elements a radius of 10.00 feet, a central angle of 121002146",
an arc distance of 21.13 feet, a chord 17.41 feet and chord bearing of
N.29046'24I1E. to a point on the Southerly right-of-way line of Hendricks Street;
thence S.89042113I1E. along said Southerly right-of-way line for 41.22 feet to
the POINT OF BEGINNING.
Containing 2,571 square feet, more or less.
TOGETHER with all the tenements, hereditaments and appurtenances thereto
be.1onging or in anywise appertaining.
TO HAVE AND TO HOLD, the same in fee simple forever.
AND the grantor hereby covenants with said grantee that it is lawfully
seized of said land in fee simple; that it has good right and lawful authority
to sell and convey said land; that it hereby fully warrants the title to said
land and will defend the same against the lawful claims of all persons whosoever;
and that said land is free of all encumbrances.
IN WITNESS WHEREOF the grantor has caused these presents to be
in its name, and its seal to be hereunto affixed, by its proper
thereunto duly authorized, the day and year first above written.
ATTEST.. (1. .'~ \. .: - /'!.-. -('-
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\ Secretary
executed
officers
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARW TER
Signed, sealed and delivered in the
presence of:
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By
STATE OF FLORIDA
COUNTY OF PINELLAS
I HEREBY CERTIFY that on this day, before me, an officer duly authorized
in the State and County aforesaid to take acknowledgments, personally appeared
Rita Garvey and Cynthia E. Goudeau, well known to me to be the Chairman and
Secretary respectively of the agency named as grantor in the foregoing deed, and
that they severa lly acknowledged execut ing the same in the presence of two
subscribing witnesses freely and voluntarily under authority duly vested in them
by said agency and that the seal affixed thereto is the true seal of said agency.
~I1NESS my hand and official seal in the County and State last aforesaid
this ~;C( day of November, A.D., 1989.
, t2('-d/l'1f.~ {r--'
Notary Public
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My Commission hp:r:s l:,.lll --, I.
Bonded n',ru TIOY f...n iil~..I=j'':~ ,ne.
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A F F IDA V I T
STATE OF FLORIDA
COUNTY OF PINELLAS
Before me, the undersigned authority, personally appeared RITA GARVEY,
who after being by me first duly sworn, deposes and says:
That she is Cha i rman of Commun i ty Redeve lopment Agency of the City of
Clearwater, the fee simple owner of the real property described in Exhibit "A"
attached hereto, and has personal knowledge of all matters stated herein.
And she hereby swears that there has been no work, 1 abor or materi a 1 s
performed or furnished for the improvement of the subject property within one
(1) year prior to the date of this affidavit which has not been fully paid for,
and that there are no outstanding liens or encumbrances against said property,
That there are no delinquent taxes or assessments outstanding against said
property, or any mowing assessments or liens unpaid;
That there are no existing leases encumbering said property;
That Community Redevelopment Agency of the City of Clearwater is in sole
possession of the above-described property, and that affiant has no knowledge
of any change in the status of the title to the above-described property
subsequent to November~, 1989, which is the effective date of Lawyers Title
Insurance Corporation Commitment No. /J~~~"~DO ;
This affidavit is made for the purpose of inducing Mas One Limited
Partnership to purchase the subject property on this date, and Lawyers Title
Insurance Corporation to issue a title policy to the purchaser.
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Dated this ~ day of November, 1989.
R ita Garvey
Subscribed and sworn to before me this 7'~' day of November, 1989.
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My Commission Expires:
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EXHIBIT IIAII
LEGAL DESCRIPTION: LOT 4
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40IlW. along
the North line of said Section 16 for 614.19 feet; thence S.03006'40IlW. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a point
on the Southerly right-of-way line of Laura Street and the POINT OF BEGINNING;
thence continue S.03006'40IlW. for 87.87 feet; thence S.88030'47I1W. for 45.22
feet; thence S.43030'47I1W. for 39.02 feet; thence S.88030'47I1W. for 29.29 feet;
thence N.01030'25I1W. for 30.22 feet; thence S.88047'08I1W. for 18.05 feet; thence
N.03006'40IlE. for 218.22 feet to the Southerly right-of-way line of Laura Street
and to a point on the arc Df a non-tangent curve, concave to the Southwest (from
which a radial line bears S.38048'30IlW. to the center of said curve); thence
along said right-of-way line for the next three (3) courses: 1) Southeasterly
along the arc of said curve, having for its elements a radius of 125.00 feet,
a central angle of 1702215011, an arc distance of 37.92 feet, a chord of 37.77
feet and chord bearing of S.42030'05I1E; 2) non-tangent to aforesaid curve
S.30044'58I1E. for 50.63 feet to a point on the arc of a non-tangent curve,
concave to the Northeast (from which point a radial line bears N.57051'OOIlE. to
the center of said center); 3) Southeasterly along the arc of said curve, having
for its elements a radius of 170.38 feet, a central angle of 28052'2911, an arc
distance of 85.86 feet, a chord of 84.96 feet and chord bearing S.46035'15I1E to
THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official RecDrds Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40IlW. along
the North line of said Section for 614.19 feet; thence S.03006'40IlW. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
on the Southerly right-of-way line of Hendricks Street; thence N.89042'12"W.
along said right-of-way line for 10.01 feet to the POINT OF BEGINNING; thence
S.03006140"W. for 86.22 feet to the Northerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Northeast (from
which point a radial line bears N.47034141"E. to the center of said curve) thence
along said right-of-way line for the next three (3) courses: 1) Northwesterly
along the arc of said curve, having for its elements a radius of 120.38 feet,
a central angle of 1000012211 and arc distance of 21.02 feet, a chord of 21.00
feet and chord bearing N.37025'08I1W; 2) non-tangent to aforesaid curve
N.30044'58I1W. for 63.43 feet to a point on the arc of a tangent curve, concave
to the Southeast; 3) Northwesterly and Northeasterly along the arc of said curve,
having for its elements a radius of 10.00 feet, a central angle of 121002'46",
an arc distance of 21.13 feet, a chord 17.41 feet and chord bearing of
N.29046'24"E. to a point on the Southerly right-of-way line of Hendricks Street;
thence S.89042113I1E. along said Southerly right-of-way line for 41.22 feet to
the POINT OF BEGINNING.
Containing 2,571 square feet, more or less.
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RES 0 L UTI 0 N N O. 89-1
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF CLEARWATER, FLORIDA, RELEASING MINERAL AND
PETROLEUM RIGHTS IN CONFORMANCE WITH SECTION 270.11,
FLORIDA STATUTES.
WHEREAS, Mas One Limited Partnership has heretofore executed with this
agency an Agreement for Purchase and Sale of Real Property dated September 29,
1989, for the purchase of the property hereinafter described, to-wit:
LEGAL DESCRIPTION: LOT 4
A portion of the former SeabDard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058140"W. along
the North line of said Section 16 for 614.19 feet; thence S.03006140"W. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a point
on the Southerly right-of-way line of Laura Street and the POINT OF BEGINNING;
thence continue S.03006140"W. for 87.87 feet; thence S.88030147"W. for 45.22
feet; thence S.43030147"W. for 39.02 feet; thence S.88030'47"W. for 29.29 feet;
thence N.01030'25"W. for 30.22 feet; thence S.88047'08"W. for 18.05 feet; thence
N.03006140"E. for 218.22 feet to the Southerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Southwest (from
which a radial line bears S.38048'30"W. to the center of said curve); thence
along said right-of-way line for the next three (3) courses: 1) Southeasterly
along the arc of said curve, having for its elements a radius of 125.00 feet,
a central angle of 17022150", an arc distance of 37.92 feet, a chord of 37.77
feet and chord bearing of S.42030'05"E; 2) non-tangent to aforesaid curve
S.30044158"E. for 50.63 feet to a point on the arc of a non-tangent curve,
concave to the Northeast (from which point a radial line bears N.57051IOO"E. to
the center of said center); 3) Southeasterly along the arc of said curve, having
for its elements a radius of 170.38 feet, a central angle of 28052'29", an arc
distance of 85.86 feet, a chord of 84.96 feet and chord bearing S.46035115"E to
THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East. conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said SectiDn 16; thence S.88058140"W. along
the North line of said Section for 614.19 feet; thence S.03006'40"W. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
Dn the Southerly right-of-way line of Hendricks Street; thence N.89042'12"W.
along said right-of-way line for 10.01 feet to the POINT OF BEGINNING; thence
S.03006140"W. for 86.22 feet to the Northerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Northeast (from
which point a radial line bears N.47034141"E. to the center of said curve) thence
along said right-of-way line for the next three (3) courses: 1) Northwesterly
along the arc Df said curve, having for its elements a radius of 120.38 feet.
a central angle of 10000122" and arc distance of 21.02 feet, a chord of 21.00
feet and chord bearing N.37025I08"W; 2) non-tangent to aforesaid curve
N.30044'58"W. for 63.43 feet to a point on the arc of a tangent curve, concave
to the Southeast; 3) Northwesterly and Northeasterly along the arc of said curve,
having for its elements a radius of 10.00 feet, a central angle of 121002146",
an arc distance of 21.13 feet, a chord 17.41 feet and chord bearing of
N.29046124"E. to a point on the Southerly right-of-way line of Hendricks Street;
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thence S.89042113"E. along said Southerly right-of-way line for 41.22 feet to
the POINT OF BEGINNING.
Containing 2,571 square feet, more or less.
WHEREAS, Section 270.11, Florida Statutes, requires local governments to
reserve mineral and petroleum rights in all deeds and contracts for the sale of
land; and
WHEREAS, this agency in its contract with Mas One Limited Partnership did
reserve mineral and petroleum rights in accordance with said Statute; and
WHEREAS, the lending institution which will be financing construction upon
said land herein described refuses to lend money for the purchase of said land
with this clause in the deed because the title insurance company will not warrant
the title without making the reservation an exception tD the insured title; and
WHEREAS, Section 270.11, Florida Statutes, also provides that a local
government may sell or release such reserved interest upon pet it ion by the
Purchaser and upon submission of reasons justifying the release; and
WHEREAS, Mas One Limited Partnership has requested that this agency release
the mineral and petroleum rights in conformance with Section 270.11, Florida
Statutes, from the real estate deed for the following reasons:
(1) There are no known depos its of phosphate, minerals, metals or
petrDleum in, on or under said land;
(2) The Purchaser needs to have said mineral and petroleum rights
released to complete the purchase of the prDperty; and
(3) The Purchaser is going to have a multi-story building constructed
on said land and needs to be able to do so without concern that the underground
supporting material might be removed by subsequent mining.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLOR lOA:
Section 1. The Community Redevelopment Agency (CRA) hereby releases any
and all mineral rights reserved in the contract and in the deed to be issued
conveying the real estate hereinabove described to Mas One Limited Partnership.
Section 2. The deed to be issued in conformance with the contract between
the parties shall be issued without reservation of any and all mineral rights
as reserved in the contract between the parties dated September 29, 1989.
Section 3.
Certified copies of this Resolution shall be delivered
forthwith to the City Clerk for the City of Clearwater, Florida and to the
representative of Mas One Limited Partnership.
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Section 4. This Resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED this~day of
Attest:
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Secr ary
I 1989.
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RESOLUTION NO. 89-2
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF CLEARWATER, FLORIDA, RATIFYING AND
CONFIRMING THE PURCHASE OF SURPLUS PROPERTY FROM THE
CITY OF CLEARWATER, RATIFYING AND CONFIRMING THE SALE
OF SAID SURPLUS PROPERTY TO MAS ONE LIMITED PARTNERSHIP
AND AUTHORIZING DELIVERY OF THE LEGAL DOCUMENTS
NECESSARY TO CLOSE SAID REAL ESTATE TRANSACTION.
WHEREAS , the C i t Y Co... is sian ,here tof ore 'enacted Re so 1 uti on 89- 52 "to
declare a portion of the property kn~n as Parking Lot #S and the adjacent
triangle of undeveloped property to be surplus to the needs of the City and
authorized sale of the property hereinafter described to the Community
Redevelopment Agency of the City of C1earw~ter (hereinafter referred to as
"CRA") for the total sum of $222,98..9.00j and
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WHEREAS, CRA thereafter entered into and executed on September 29, 19S9,
an Agreement for Purchase and Sale of Real Property with Mas One Limited
Partnership for purchase of the property hereinafter described, to-wit:
LEGAL DESCRIPTION: LOT 4
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 91S of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16: thence S.88058140"W. along
the North line of said Section 16 for 614.19 feet: thence S.03006'40"W. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a
point on the Southerly right-of-way line of Laura Street and the P01NT OF
BEGINNINGj thence continue S.03~06140"W. for 87.87 feetj thence S.88030147"W.
for 45.22 feetj thence S.43030147"W. for 39.02 feetj thence S.88030147"W. for
29.29 feetj thence N.01030'25"W. for 30.22 feetj thence S.88047I081IW. for 18.05
feet; thence N.03"06'40"E. for 21B.22 feet to the Southerly right-of-way line
of Laura Street and to a point on the arc of a non-tangent curve, concave to the
Southwest (from which a radial line bears S.3B"4S'30"W. to the center of said
curve); thence along said right-of-way line for the next three (3) courses: 1)
Southeasterly along the arc of said curve, having for its elements a radius of
125.00 feet, a central angle of 17022150", an arc distance of 37.92 feet, a
chord of 37.77 feet and chord bearing of S.42030105"Ej 2) non-tangent to
aforesaid curve S.30044158"E. for 50.63 feet to a point on the arc of a non-
tangent curve, concave to the Northeast (from which point a radial line bears
N.57051IOO"E. to the center of said center)j 3) Southeasterly along the arc of
said curve, having for its elements a radius of 170.38 feet, a central angle of
28052'29", an arc distance of 85.86 feet, a chord of 84.96 feet and chord
bearing S.46035115"E to THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
AND
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16: thence S.88058'40"W. along
the North line of said Section for 614.19 feetj thence S.03006140"W. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
on the Southerly right-of-way line of Hendricks Street: thence N.89042112"W.
along said right-of-way line for 10.01 feet to the POINT OF BEGINNINGj thence
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S.03006140IlW. for 86.22 feet to the Northerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Northeast (from
which point a radial line bears N.4703414111E. to the center of said curve)
thence along said right-of-way line for the next three (3) courses: 1)
Northwesterly along the arc of said curve, having for its elements a radius of
120.38 feet, a central angle of 10000122" and arc distance of 21.02 feet, a
chord of 21.00 feet and chord bearing N.37025I08I1W; 2) non-tangent to aforesaid
curve N.30044158I1W. for 63.43 feet to a point on the arc of a tangent curve,
concave to the Southeast; 3) Northwesterly and Northeasterly along the arc of
said curve, having for its elements a radius of 10.00 feet, a central angle of
12100214611, an arc distance of 21.13 feet, a chord 17.41 feet and chord bearing
of N.29046124I1E. to a point on the Southerly right-of-way line of Hendricks
Street; thence S.89042113I1E. along said Southerly right-of-way line for 41.22
feet to the POINT OF BEGINNING.
Containing 2,571 square feet, more or less.
WHEREAS, Mas One Limited Partnership purchased the above-described
property from CRA in order to construct an office building on the said property;
and
WHEREAS, it is now necessary to ratify and confirm purchase of said
property frDm the City of Clearwater and the subsequent sale and execution of
the said Agreement for Purchase and Sale of Real Property dated September 29,
1989, as a requirement for completion by purchaser of its financing of the
purchase of said property and the issuance of title insurance to the said
purchaser; and
WHEREAS, the CRA desires to consununate the sale and closing of said
property to Mas One Limited Partnership now scheduled for November 6, 1989;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA:
Section 1. The CRA hereby ratifys and confirms the purchase of the real
property hereinabove described from the City of Clearwater for the sum of
$222,989.00.
Section 2. The CRA hereby ratifys and confirms the sale of the property
herein described to Mas One Limited Partnership for a total purchase price for
the two lots Df $153,729.78, upon the terms and conditions as contained in that
certain Agreement for Purchase and Sale of Real Property dated the 29th day of
September, 1989, as subsequently amended by interlineation initialed by the
proper officers of CRA and Mas One Limited Partnership.
Sect ion 3. The proper off i cers Df the CRA to-wit: the Cha i rman and
Secretary, are hereby authorized, empowered, and directed to sign and deliver
all documents required to close the sale of said real property herein described
to Mas One Limited Partnership.
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Section 4. Certified copies of this Resolution shall be delivered
forthwith to the City Clerk for the City of Clearwater, Florida and to the
representative of Mas One Limited Partnership and to the title insurance company
issuing title insurance on said property.
Section 5. This Resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED this
ZN4
Attest:
day of November, 1989.
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AGREEMENT FOR PURCHASE
AND SALE OF REAL PROPERTY
BETWEEN
CLEARWATER REDEVELOPMENT AGENCY
AND
MAS ONE LIMITED PARTNERSHIP
~~J? DATED
...;JC.r1E/J18P/( :L q r 1989
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AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
THIS AGREEMENT,
Sfbn6v<
made and entered into th i s
~a
day of
, 1989, by and between the CLEARWATER REDEVELOPMENT AGENCY,
a Florida redevelopment agency, hereinafter referred to as "Seller," and MAS ONE
LIMITED PARTNERSHIP, whose address is c/o ARLINGTON CAPITAL CORPORATION, an Ohio
corporation, 1105 Schrock Road, Columbus, Ohio 43229-1174, hereinafter referred
to as IIpurchaser;1I
WIT N E SSE T H :
That in consideration of the payments and covenants herein provided, and
other good and valuable considerations, Seller agrees to sell and Purchaser
agrees to buy the real property described herein, consisting of two nonadjoining
parcels known as Lot 4 and Lot 5, more fully described on Exhibit IIA" attached
hereto and made a part hereof, situate in Pinellas County, Florida and
hereinafter referred to as the IIProperty,1I subject to any easements and
restrictions of recDrd.
1. Purchase Price. The total purchase price of the Property sha 11 be
$7.50 per square foot for Lot 4 consisting of 18,893 square feet for a purchase
price of $141,697.50 and $4.68 per square foot for Lot 5 consisting of 3,481
square feet for a purchase price of $16,291.08, for a grand total purchase price
for the two (2) lots of $157,988.58, of which five percent or $7,900.00 is
payable on the signing of this Agreement, five percent or $7,900.00 is payable
on approval by the Seller, and the balance is payable in full at closing, subject
to adjustments and prorations.
2. Closing Date. The closing shall be on or before November 15, 1989,
unless extended by other provisions of this Agreement or by the mutual consent
of the parties.
3. Conveyance. Seller agrees to.convey fee simple title to the Property
to Purchaser by statutory Quit Claim Deed, free and clear of all liens and
encumbrances, except those set forth in th is Agreement and those otherwi se
accepted by Purchaser. The Property shall be conveyed subject to applicable
zoning requirements of the City of Clearwater.
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4. Title Insurance. Seller agrees to purchase at its expense a title
insurance policy from a Florida licensed title insuror acceptable to Purchaser
and to obtain with reasonable diligence, but not less than twenty (20) days prior
to closing, a commitment for title insurance in the amount of the purchase price,
which commitment shall show a marketable, unencumbered, fee simple title to the
Property in the Seller, subject only to zoning, restrictions of record, taxes
for 1989 and subsequent years, and pub 1 i c ut i 1 i ty easements; and to 1 i ens,
encumbrances, exceptions or qualifications set forth in this Agreement, and those
which shall be discharged by Seller at or before closing. The Purchaser shall
have a reasonable time after the delivery of said commitment for the examination
thereof and within said period but not less than ten (10) days prior to closing
shall notify the Seller in writing of any objections to said title. If such
notification is not given within the time specified herein, then the title shall
be conclusively deemed to be acceptable to the Purchaser. In the event that the
title of the Seller is not good and marketable, the Seller shall have a
reasonable time thereafter, but not more than ninety (90) days from receipt of
notice from the Purchaser, to make a diligent effort to perfect the title; and
if the defects are not cured within such time, the Purchaser may either cancel
this Agreement or waive the defects and accept the Property without deduction
on account of said defects.
5. No Brokers. Each party affirmatively represents to the other party
that no brokers have been involved in this transaction and that no broker is
entitled to payment of a real estate commission because of this transaction.
6. Documents for Closing. Seller shall furnish deed, mechanic1s lien
affidavit, and any corrective instruments that may be required in connection
with perfecting title, together with the closing statement.
7. Survey. Purchaser may obtain at its expense a survey. If the survey
shows any encroachment on the Property or that improvements intended to be
located on the Property encroach upon setback lines, easements, lands of others,
or violate any restrictions, covenants'or applicable governmental regulations,
the same shall be treated as a title defect if brought to the attention of the
Seller not less than ten (10) days prior to closing.
8. Expenses. Seller shall pay for the documentary stamps to be placed
on the Warranty Deed and the costs for recording any instruments that may be
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required in connection with perfecting the title. The Purchaser shall pay the
cost of recording the deed.
9. Certain Rights Reserved. As required by Section 270.11, Florida
Statutes, the Seller reserves unto itself and its successors an undivided three-
fourths (3/4) interest in, and title in and to an undivided three-fourths (3/4)
interest in, all the phosphate, minerals, and metals that are or may be in, on
or under the real property described herein, and an undivided one-half (1/2)
interest in all the petroleum that is or may be in, on, or under said property
with the privilege to mine and develop the same, provided, however, if Seller
and the City of Clearwater do not release the rights reserved in said property
by both legal entities pursuant to the provisions of Section 270.11, Florida
Statutes, on or before the date of closing of this real estate transaction upon
petition of Purchaser duly made in accordance with the provisions of Section
270.11(3), this Agreement shall be voidable at the election of the Purchaser and
Purchaser shall be entitled to a return of purchase price paid by Purchaser.
10. Radon Gas Notification. As required by Section 404.056(8), Florida
Statutes, the Purchaser shall take notice of the following:
RADON GAS: Radon is a naturally occurring radioactive gas that,
when it has accumulated in a building in sufficient quantities, may
present health risks to persons who are exposed to it over time.
Levels of radon that exceed federal and state guidelines have been
found in buildings in Florida. Additional information regarding
radon and radon testing may be obtained from your county public
health unit.
11. Use Restriction and Buy-back Provision.
(a) Purchaser shall use the property described in Exhibit "A" solely for
the development and construction of a commercial office building comprising a
minimum of ten (10) stories and consisting of a minimum of 90,000 square feet
of office and retail space.
(b) Construction on such development shall commence within eighteen (18)
months of the transfer of title to Purchaser.
(c) Purchaser specifically agrees that should construction of said
development not commence within eight~en (18) months of transfer of title to
said property for any reason, Purchaser shall upon written request of Seller
made within sixty (60) days thereafter sell and convey back to Seller the said
property described in Exhibit "A" for the same purchase price as paid by
Purchaser for the purchase of said property as contained in paragraph 1 of this
Agreement free and clear of any and all liens and encumbrances except those
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liens and encumbrances which were of record at the time of sale of said property
to Purchaser.
(d) If it should become necessary for Purchaser to sell said property
back to Seller because of the occurrence of the event mentioned in paragraph
II(c), the parties agree to split the closing costs of the buy-back transaction.
(e) The obligations of the parties as contained in this paragraph 11
shall survive closing and be specifically enforceable in an action brought by
either party in a Court of competent jurisdiction.
(f) Any provision of this Agreement to the contrary notwithstanding,
Seller shall have no obligation to repurchase the property described in Exhibit
IIAII from Purchaser if IIconstruction has commenced upon the property.1I
des ign, materials and locat ion. Subsurface ut il ity 1 ines and appurtenances
shall be constructed in accordance wit~the applicable standards of the City of
Clearwater or utility company, as appropriate. All improvements permitted on
Lot 1 shall be compatible with the use of Lot 1 as a public park.
(d) All covenants contained in this subparagraph shall survive closing
and shall be specifically enforceable in an action brought by either party in
a Court of competent jurisdiction.
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13. Special Conditions of This Agreement.
(a) This Agreement is expressly conditioned upon a prior sale and
transfer of the real estate described in Exhibit "A" from the City of Clearwater
to the Seller on or before the date of the closing of this real estate
transaction, and if for any reason that sale is not consummated, this Agreement
shall be null and void.
(b) This Agreement is expressly conditioned upon the dedication and use ~
of Lot 1 described in Exhibit "B" attached hereto and made a part hereof as a f!,
Cit. y Park by the City ~~C~rw~ter. In the event.~~e City 20mmi sion Should~~
-tI~'J?I'I tl.~ ~tJJiot; ~~
J!/:.ail to dedicate Lot 1 as a City Park OR or b9fori the date ~i~i'"g et
~, -fP?1
~, t~is re~l 9~t~t9 triRiictioR, this Agreement shall be voidable at the election
-1(V~Of Purchaser and Purchas~ shal~: e~itled to a return of the purchase price
~~, J1?11-a~
paid by Purchaser. The aeaieatia" at Let 1 d! a City Pa,k by ti,e C;ly or
Glear',:ater s~all 99 for i t9rlR gf yeni &lRd iubjict to i'leR CQRditiQIU ii IR~Y
Be eetermiRee 9Y t~9 ~ity CsmmissieR, Bt:lt if the ee.efla"t3 et the PUll.h<1::>t::r
t:lASer t~is A~reem8Rt are 9r8~(~ee, sy€~ eeaicatieR s~all 8e syejeet to
termiRatieR BY tRe City Ce",,,,i33;011. tcO~1rl~
(c) This Agreement ;s expressly conditioned upon the City of Clearwater
conveying to Purchaser by appropriate conveyances:
1. A temporary construction easement for the storage of building
materials and for temporary ingress/egress across Lot 1 to connect Lot 4 with
Cleveland Street, with the right to construct a temporary fence securing Lot 1,
which fence shall be removed by Purchaser upon completion of construction and
termination of the easement;
2. A permanent easement thirty (30) feet in width along the west side
of Lot 1 for access to perform necessary maintenance to the existing structure
located on Lot 2; and
3. An easement for utility services across Lot 1 at locations to be
selected by Seller, Buyer and the City of Clearwater on or before the date of
the closing of this real estate transaction.
If the City of Clearwater fails to convey such easements as called for by
this Agreement, this Agreement shall be voidable at the election of Purchaser
and Purchaser shall be entitled to a return of the purchase price paid by
Purchaser. The temporary construction easement shall provide for termination
on December 31, 1990.
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14. Persons Bound; Agreement Not Assignable. This Agreement shall be
binding on the parties hereto and their respective personal representatives,
heirs, executors, administrators, and successors. Neither this Agreement nor
any rights hereunder shall be assignable.
15. Agreement Not Recordable. Neither this Agreement nor any notice
thereof shall be recorded in the public records of Pinellas County, but this
Agreement shall be deemed a record available for public inspection in the
offices of the Seller pursuant to the Public Records Law of Florida.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals the
day and year first above written.
Attest:
By:
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Ron H. Rabun
Executive Director
.- ~. -
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By:
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WITNESSES:
/(./dM-d) IZ/;~~,J
~\),j,.IN\ ~~0'b
As to Purchaser
MAS ONE LIMITED PARTNERSHIP
By: MAS ONE GENERALS, a Georgia Joint
Venture and its Sole In
General Partner,
By:
MAS-I. 6
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EXHIBIT uN'
TO
AGREEMENT FOR PURCHASE
AND SALE OF REAL PROPERTY
BETWEEN
CLEARWATER REDEVELOPMENT AGENCY
AND
MAS ONE LIMITED PARTNERSHIP
~ DATED
.....,)EPI'r~ M 'J-q . 1989
LEGAL DESCRIPTION: LOT 4
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40IlW. along
the North line of said Section 16 for 614.19 feet; thence S.03006'40IlW. along
the Easterly line of said former railroad right-of-way for 604.52 feet to a point
on the Southerly right-of-way line of Laura Street and the POINT OF BEGINNING;
thence continue S.03006140IlW. for 87.87 feet; thence S.88030'47"W. for 45.22
feet; thence S.43030'47I1W. for 39.02 feet; thence S.88030'47I1W. for 29.29 feet;
thence N.01030'25I1W. for 30.22 feet; thence S.88047'08I1W. for 18.05 feet; thence
N.03006140IlE. for 218.22 feet to the Southerly right-of-way line of Laura Street
and to a point on the arc of a non-tangent curve, concave to the Southwest (from
which a radial line bears S.38048'30IlW. to the center of said curve); thence
along said right-of-way line for the next three (3) courses: 1) Southeasterly
along the arc of said curve, having for its elements a radius of 125.00 feet,
a central angle of 1702215011, an arc distance of 37.92 feet, a chord of 37.77
feet and chord bearing of S.42030'05I1E; 2) non-tangent to aforesaid curve
S.3004415811E. for 50.63 feet to a point on the arc of a non-tangent curve,
concave to the Northeast (from which point a radial line bears N.57051'OOIlE. to
the center of said center); 3) Southeasterly along the arc of said curve, having
for its elements a radius of 170.38 feet, a central angle of 28052'2911, an arc
distance of 85.86 feet, a chord of 84.96 feet and chord bearing S.4603511511E to
THE POINT OF BEGINNING.
Containing 18,893 square feet, more or less.
LEGAL DESCRIPTION: LOT 5
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records Book
of Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40IlW. along
the North line of said Section for 614.19 feet; thence S.03006'40IlW. along the
Easterly line of said former railroad right-of-way for 450.32 feet to a point
on the Southerly right-of-way line of Hendricks Street and POINT OF BEGINNING;
thence continue S.03006'40IlW. along said Easterly line for 95.49 feet to the
Northerly right-of-way line of Laura Street and to a point on the arc of a non-
tangent curve, concave to the Northeast (from which point a radial line bears
N.41014'23I1E. to the center of said curve) thence along said right-of-way line
for the next three (3) courses: 1) Northwesterly along the arc of said curve,
having for its elements a radius of 120.38 feet, a central angle of 1602014111
and arc distance of 34.34 feet, a chord of 34.22 feet and chord bearing
N.40035'17I1W; 2) non-tangent to aforesaid curve N.300441581IW. for 63.43 feet to
a point on the arc of a tangent curve, concave to the Southeast; 3) Northwesterly
and Northeasterly along the arc of said curve, having for its elements a radius
of 10.00 feet, a central angle of 1210021461', an arc distance of 21.13 feet, a
chord 17.41 feet and chord bearing of N.29046124I1E. to a point on the Southerly
right-of-way line of Hendricks Street; thence S.89042'13I1E. for 51.24 feet to
the POINT OF BEGINNING.
Containing 3,481 square feet, more or less.
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EXHIBIT IIBII
TO
AGREEMENT FOR PURCHASE
AND SALE OF REAL PROPERTY
BETWEEN
CLEARWATER REDEVELOPMENT AGENCY
AND
MAS ONE LIMITED PARTNERSHIP
DATED
~~Af1.M1t ~9 1989
LEGAL DESCRIPTION: LOT 1
A portion of the former Seaboard Coast Line Railroad Company's right-of-way,
lying in Section 16, Township 29 South, Range 15 East, conveyed to the City of
Clearwater in Official Records Book 3473, Page 918 of the Public Records of
Pinellas County, Florida, being more particularly described as follows:
Commence at the Northeast corner of said Section 16; thence S.88058'40"W. along
the North line of said Section 16 for 614.19 feet; thence S.03006'40"W. along
the Easterly line of said former railroad right-of-way line for 692.31 feet to
the POINT OF BEGINNING; thence continue S.03006'40"W. along said Easterly line
for 198.42 feet to the Easterly prolDngation of the Northerly right-of-way line
of Cleveland Street as established by the City of Clearwater Resolution as
recorded in Deed Book 1188, Page 181, of the Public Records of Pinellas County,
Florida; thence S.88047'08"W. along said Northerly right-of-way line for 86.14
feet; thence N.OI030'25"W. for 169.78 feet; thence N.88030'47"E. for 29.29 feet;
thence N.43030'47"E. for 39.02 feet; thence N.88030'47"E. for 45.22 feet to the
POINT OF BEGINNING.
Containing 17,411 square feet, more or less.
,
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