SCI PELICAN WALK LLC I#: 2022150036 BK: 22057 PG: 2112 , 05/10/2022 at 04 :25 PM, RECORDING 4 PAGES
$35 .50 D DOC STAMP COLLECTION $87500 . 00 KEN BURKE , CLERK OF COURT AND
COMPTROLLER PINELLAS COUNTY, FL BY DEPUTY CLERK: clkl02973
Z
This Instrument was Prepared By,
Record and Return To:
J.Matthew Marquardt,Esquire
Macfarlane Ferguson&McMullen
625 Court Street,Suite 200
Clearwater,Florida 33756
Property Appraiser Identification No:
08-29-15-60417-000-3000
$12,500,00.00 Consideration
SPECIAL WARRANTY DEED
THIS SPECIAL WARRANTY DEED made this �day of May, 2022 by THE CITY OF
CLEARWATER, FLORIDA, a Florida municipal corporation and political subdivision of the State of
Florida (the "Grantor"), whose mailing address is 600 Cleveland Street, Suite 600, Clearwater, FL
33756,to SCI PELICAN WALK LLC,a Florida limited liability company(the"Grantee"),whose
mailing address is 100 S Belcher Rd.#7534 Clearwater,FL 33758.
WITNESSETH:
That Grantor,for and in consideration of the sum of TEN DOLLARS($ 10.00)and other good and
valuable consideration,to Grantor in hand paid by Grantee,the receipt and sufficiency whereof is hereby
acknowledged, does hereby grant,bargain, sell, alien,remise,transfer,release, convey and confirm unto
Grantee and Grantee's successors, heirs and assigns the real property (the "Property") located in
Hillsborough County,Florida,and being more particularly described as follows:
Condominium Unit PUB of North Plaza Condominium, consisting of 450 Public Parking Spaces
and associated common elements lying within the following described: Condominium Unit PUB
of North Beach Plaza Condominium, a Condominium, according to the Declaration of
Condominium thereof,recorded in Official Records Book 19444,Page 145,and any amendments
thereto, and the plat thereof recorded in condominium Plat Book 159, Page 91, of the Public
Records of Pinellas County, Florida, together with its undivided share in the common elements
appurtenant thereto.
SUBJECT TO all matters set forth in Exhibit"A"attached hereto and made a part hereof,provided
that this instrument shall not reimpose same.
TOGETHER with all the tenements, hereditaments, and appurtenances belonging or in any way
appertaining to the Property,
TO HAVE AND TO HOLD the same in fee simple forever.
AND GRANTOR hereby covenants with Grantee that Grantor is lawfully seized of the Property in
fee simple;that Grantor has good right and lawful authority to sell and convey the Property;and that Grantor
does hereby specially warrant the title to the Property and will defend the same against the lawful claims
of all persons claiming by,through or under Grantor,but against none other.
IN WITNESS WHEREOF, Grantor has caused this Special Warranty Deed to be executed on the
day and year first above written.
PINELLAS COUNTY FL OFF. REC. BK 22057 PG 2113
COUNTERSIGNED: GRANTOR:
THE CITY OF CLEARWATER,FLORIDA
By: �w�' �"'-f�
Frank Hibbard Jon P.Jennings
Mayor City Manager
Approved as to form: Attest:
ate--
Laura Mahony (Rosemarie Call
Senior Assistant City Attorney City Clerk
STATE OF FLORIDA
COUNTY OF PINELLAS
The foregoing instrument was acknowledged before me by means of physical presence or
❑ online notarization, this S�– day May, 2022, by Frank Hibbard, as Mayor of THE CITY OF
CLEARWATER, FLORIDA, who is &6ersonally known to me or ❑who produced
as identification.
— - &WX7te—
Name: NUC4
Notary Public State of Flor da
(Seal)
[@be
NICOLE ANNE SPRAJ224
STATE OF FLORIDANotary Public-State oCOUNTY OF PINELLAS `' Commission#HH 01My Comm.Expires Jul Bonded th ough National NThe foregoing instrument was acknowledgical presence or
❑ online notarization,this E;"– day May,2022,by Jon P.Jennings,as City Manager of THE CITY
OF CLEARWATER, FLORIDA, who is EVpersonally known to me or ❑ who produced
as identification.
Name: Nicole YQ
Notary Public State of Fl rida
(Seal)
NICOLE ANNE SPRAGUE
Notary Public•State of Florida
Commission#HH 018815
My Comm.Expires Jul 7,2024
Bonded through National Notary Assn.
PINELLAS COUNTY FL OFF. REC. BK 22057 PG 2114
EXHIBIT"A"
PERMITTED EXCEPTIONS
1. Taxes and assessments for the year 2022 and subsequent years,which are not yet due and payable.
2. Easement for drainage and utilities in favor of City of Clearwater over and across the vacated alley
as described in Ordinance No. 4535-88 as set forth in instrument recorded in Book 6688, Page
1361.
3. Development Rights referred to in that Transfer of Density Unit Deed as set forth in instrument
recorded in Book 14011,Page 1743.
4. Terms and Provisions of that Notice as set forth in instrument recorded in Book 18576,Page 1762.
5. Terms and Provisions and Conditions of that Agreement for Development of Property (Pelican
Walk) as set forth in instrument recorded in Book 18508,Page 1479, as amended and restated in
Book 18915,Page 2185,as affected by TRI Party Agreement record in O.R.Book 18990,Page 17.
6. Easement granted to Duke Energy Florida,Inc.,d/b/a Duke Energy,recorded in Book 19232,Page
2213.
7. Special Density Transfer Warranty Deed recorded in Book 19413,Page 74.
8. Declaration of Covenants,Conditions,Restrictions and Easements,which contains provisions for
a private charge or assessments,recorded in Book 19444,Page 145 and amended in Book 19565,
Page 2152,but deleting any covenant,condition or restriction indicating a preference,limitation or
discrimination based on race,color,religion,sex,handicap,familial status or national origin to the
extent such covenants,conditions or restrictions violate 42 USC 3604(c).
PINELLAS COUNTY FL OFF. REC. BK 22057 PG 2115
Exhibit to Warranty Deed
APPROVAL OF TITLE TRANSFER
The Board of Directors of North Beach Plaza Condominium Association,Inc.(the"Association")
have approved the sale of 490 Poinsettia Ave., Clearwater Beach, FL 33767, by THE CITY OF
CLEARWATER, FLORIDA, a Florida municipal corporation and political subdivision of the
State of Florida, Owner, to SCI PELICAN WALK, LLC, a Florida limited liability company,
known as the Purchaser, in accordance with the statements and the information given to the
Association in the application which was provided to the Board of Directors.
All dues and charges owed to the Association are current and paid in full through SeP4 30 ,
,2922. 00011 J61A
North Beach Plaza Condominium
Association,Inc.
By:
��c eN,y R. FI1lQs A.,wje
Prinam .
As Its: c t pc cs j j ee%)
STATE OF FLORIDA
COUNTY OF PINELLAS
Sworn to (or affirmed) and subscribed before me by means of 5Vphysical presence or
❑ online notarization, this S+h day of May, 2022, by T2rern)( K, AlleShay5c as
\/;(P- Fre.-Ne,t of North Beach Plaza Condominium Association,Inc., ❑who
is ersonally kno� to me or❑who produced as identification.
Notary Puaw stab of Rcnda
Matthew J Mylych
My CW=4jjw 4 95t 294 Name: Matthew J.M ch
Notary Public State of Florida
(Seal)
1
CLOSING STATEMENT
Page 1 of 3
DATE: May 6, 2022
SELLER(S): THE CITY OF CLEARWATER, FLORIDA, a Florida municipal
corporation and political subdivision of the State of Florida
BUYER(S): SCI PELICAN WALK LLC, a Florida limited liability company
LENDER: Valley National Bank
TITLE AGENT: Macfarlane Ferguson &McMullen, P.A. ("MFM")
LEGAL DESCRIPTION: See Exhibit"A"attached.
STREET ADDRESS: 490 Poinsettia Ave., Clearwater Beach, FL 33767
I. SELLER TRANSACTION.
Purchase Price $ 12,500,000.00
Total Credits to Seller $ 12,500,000.00
Less:
Owner's Title Policy($12,500,000.00) $ (18,000.00)
Title Search Fee $ (250.00)
Assessment Search Fee $ (115.00)
Record QCD regarding phosphate, mineral & metal 3/4 interest $ (27.00)
Settlement Fee $ (500.00)
Misc Costs (wire fees etc.) $ X50.00)
TOTAL DUE TO SELLER: $ 12,481,058.00
II. BUYER TRANSACTION.
Purchase Price $ 12,500,000.00
Documentary Tax on Deed $ 87,500.00
Record Warranty Deed (5 pages) $ 44.00
Record LLC Affidavit(3 pages) $ 27.00
Record Mortgage(28 pages) $ 239.50
Record Assignment of Rents (8 pages) $ 69.50
Doc Stamps on Mortgage $ 34,440.00
Intangible Tax on Mortgage $ 19,680.00
Record UCC (3 pages) $ 27.00
Loan Title Policy($20,190,000.00) $ 15,405.00
Endorsements (Form 9, 6.1 &4.1) $ 4,873.00
Invoice for survey copy-Johnson Pope $ 8.06
Title Search-Johnson Pope $ 250.00
Assessment Search-Johnson Pope $ 525.00
FL State UCC Filing Fee-Johnson Pope $ 44.00
Lenders Counsel-Johnson Pope attorney fees $ 12,600.00
Loan Origination Fee $ 49,200.00
CLOSING STATEMENT
Page 2 of 3
Loan Processing Fee $ 125.00
Appraisal Fee $ 5,834.50
Interest owed through 5/9/22 $ 13,282.56
Bond Street Capital-Mortgage Broker $ 49,200.00
Katja Hill-Whiteford, Taylor& Preston L.L.P. attorney fees $ 12,690.00
Buyers Counsel Fee $ 25,000.00
Somers Title Company $ 5,000.00
Buyers unpaid fee balance owed to MFM $ 18,766.15
Settlement Fee $ 500.00
Misc Costs (wire fees etc.) $ 50.00
Total Buyer Expenses $ 12,855,380.27
Less:
Loan Proceeds $ (9,840,000.00)
TOTAL DUE FROM BUYER: $ 3,015,380.27
III. TITLE AGENT SUMMARY.
RECEIPTS FROM:
Lender $ 9,840,000.00
Buyer $ 3,015,380.27
TOTAL RECEIPTS: $ 12,855,380.27
DISBURSEMENTS TO:
Seller $ 12,481,058.00
Proplogix $ 640.00
Clerk of Circuit Court-Pinellas County $ 142,054.00
Valley National Bank $ 68,442.06
Johnson, Pope, Boker, Ruppel & Burns, LLP $ 12,644.00
Whiteford, Taylor& Preston L.L.P $ 12,690.00
Bond Street Capital $ 49,200.00
Macfarlane Ferguson &McMullen $ 44,866.15
Somers Title Company $ 5,000.00
First American Title Insurance Company $ 38,778.00
Tampa Legal Copies $ 8.06
TOTAL DISBURSEMENTS $ 12,855,380.27
CLOSING STATEMENT
Page 3 of 3
This Closing Statement may be signed in counterparts, each of which shall be deemed an original. Execution and
delivery of a counterpart may be accomplished by electronic means.
Seller and Buyer each acknowledge that Escrow Agent in preparing this Closing Statement necessarily obtained
information from third-party sources and that Macfarlane Ferguson&McMullen, P.A. does not warrant to accuracy of
such information.
Seller and Buyer each approve of this Closing Statement and each hereby authorize the Escrow Agent to disburse
SELLER: BUYER:
THE CITY OF CLEARWATER, FLORIDA, a Florida
municipal corporation and political subdivision of the SCI PELICAN WALK LLC, a Florida limited liability
State of Florida company
By: o � w
By: SCI GROWTH&INCOME FUND III LLC,
Print Name: &6Sole Member
As Its: ,", , � a� , By: SUNRISE MANAGER III, LLC, Manager
By:
Brian Spear,Authorized Officer
Date: S ,� Date:
TITLE AGENT:
MACFARLANE, FERGUSON &McMULLEN, P.A.
By:
J. M`ttlew Marquardt
CLOSING STATEMENT
Page 3 of 3
This Closing Statement may be signed in counterparts, each of which shall be deemed an original. Execution and
delivery of a counterpart may be accomplished by electronic means.
Seller and Buyer each acknowledge that Escrow Agent in preparing this Closing Statement necessarily obtained
information from third-party sources and that Macfarlane Ferguson &McMullen, P.A. does not warrant to accuracy of
such information.
Seller and Buyer each approve of this Closing Statement and each hereby authorize the Escrow Agent to disburse
SELLER: BUYER:
THE CITY OF CLEARWATER, FLORIDA, a Florida
municipal corporation and political subdivision of the SCI PELICAN WALK LLC,a Florida limited liability
State of Florida company
By:
By: SCI GROWTH &INCOME FUND III LLC,
Print Name: Sole Member
As Its: By: SUNRISE MANAGER III, LLC, Manager
B _ 5-T—
Y:
B fy an Sp Aglhbrized Officer
Date: Date: �(�S-001 -a o ka
TITLE AGENT:
MACFARLANE, FERGUSON & McMULLEN, P.A.
By:
J. Matthew Marquardt, Esq.