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HomeMy WebLinkAboutCity of Tamarac Resolution R-71-024CITY OF TX11ARAC, FLORIDA RESOLU'.ION NO. � 111-1.RLAS, the City Council has previously, by resolution, expressed its intent to assign all of the rights, duties, obligations and servi- tudes as contained in the various Declarations of Restricti6fis and Leaseholds for recreational areas, and .11iEREAS, the City Council is now desirous of assigning all of the rights,' duties, obligations and servitudes as contained in the Declara- tion of.Restrictions and Leasehold for recreational area ir4 Tamarac Lakes South to Tamarac'Lakes South, Inc. and .'J'r1-1 EAS , Tamarac Lakes South, Inc. expressed; its intent to accept'such an assignment.,/ NOW, THEREFORE, RE 1T RESOLVED BY THE COUNCIL OF THE City of TGaaarac, Florida: has - 1. That the City Council does hereby assign unto. Tamarac Lakes South, Inc. all of its rights, duties, obligations and sc:rvitulles as contained in the Declaration of Restrictions and Leasehold for recreational area as pertaining to the Tamarac 'Lakes South, the same being previously accepted by Resolutions #66-7 and 66-8. 2. That the fora of Assignment of Declaration of Restrictions and Assi:ment of Lease, conies of which are attached hereto and :ace a part hereof, are: hereby approved, and the Mayor and City Clerk are hereby aut:zorized and instructed to complete and execute same on behalf of the City and to take all necessary steps to complete tiiC3 Suiu a:�Sigi7;aCrit. 3. '1'hc� City Clerk is hereby instructed that upon the assignments ;. l:11 prepaid insurance premiwns paid by the City for the _�c�eatio:.ai faciliuics shall be turned over, without cost to the b. -.L(- r--ponsibili ty for leasehold payments up to the of ectivcu czatc of assignment :hall remain with the City. C. Tit a:11 . ionies received by the City subsequent to the c=:ffcctive date of the assignment and collections of maintenance pay- ments and lcaschold payments shall be held and collected by the City in escrow for Tamarac Lakes South, Inc. and further that said escrow fund shall be Paid by the City to the afore- said non-profit corporation upon demand. 4. After the effective date of this assignment the City of `1x,iiarac shall be relieved and fully discharged from any and all further obligations and duties under the subject Declaration of Restrictions and Leasehold except to the extent that same were.,ineurred by it prior to the elate of this assignment. 5. The effective date of this assignment shall be thq F40,6+ 106-1 up MI► R c * Van t . PASSED, ADOPTED JMD APPROVED this , day of Z2Lz%C-�--,/A­, , - 2 - ASSIGNMENT OF LEASE WHEREAS, the City of Tamarac, a municipal corporation of the State of Florida, is the Lessee by acceptance of an Assignment of Lease dated the day of , 19 of that certain Lease Agreement entered into on the day of 19 , by and between , as Lessors, and as Lessee, which Lease was recorded in the Official Records of Broward County, Florida, in Official Records Book No. , at Page , on the day of 19 , and WHEREAS, said Lease devised and leased unto the Lessee therein the following described property: and, WHEREAS, the City of Tamarac is desirous of assigning all of its rights, title and interest in and to said Lease to the and the aforesaid corporation is desirous of accepting said Lessee's interest and all of the rights, duties and obligations created thereby. NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) f and other good and valuable considerations, the receipt and adequacy of which are hereby acknowledged, the City of Tamarac, a municipal corporation of the State of Florida, does hereby assign, convey, sell and transfer all of its right, title and interest of whatever nature in and to that certain Lease entered into on the day of , 19 between v as Lessor, and as Lessee; as well as the rights, duties, and obligations created by said Lease as aforesaid, to That this Assignment does not extinguish the.lien in favor of the essee created pursuant to that certain Declaration of Restrictions dated the day of , 19 , and filed of record in the Official Records Book No. , at Page , in Broward County, Florida. This Assignment is made and conveyed without recourse to the Assignor, the City of Tamarac, Florida, and said City shall, after the effective date hereof, be fully released from any and all obligations and liabilities with respect to the covenants of the aforementioned Lease. However, the Assignor shall have the continuing right to collect any monies that may have become due, to -wit: prior to the effective date hereof, and further shall have the continuing obligation to satisfy any obligations ising prior to the effective date hereof. This Assignment shall take effect on the day of , 19 At By • (SEAL) - 2 - WHEREAS, the ACCEPTANCE OF ASSIGNMENT is desirous of accepting the foregoing Assign- ment of Lease, and WHEREAS, the Corporation recognizes the rights, duties and obli- gations created by said Lease and has been fully advised of same and deems it in the best interest of the Corporation and its individual members to accept said Assignment, NOW, THEREFORE, in consideration of the Assignment of the aforesaid Lease and other good and valuable considerations, the foregoing Assign- ment of Lease by the City of Tamarac, Florida, is hereby accepted and all of the terms, conditions and obligations thereof are hereby approved and accepted by the Signed, sealed and delivered in the presence of: By Director By Director By Director STATE OF FLORIDA ) OUNTY OF BROWARD ) BEFORE ME, the undersigned authority, personall appeared and respectively as Mayor and City Clerk of the City of Tamarac, Florida, to me personally known, this day acknowledged before me that they executed the foregoing Assignment of Lease as such officers and that they have - 3 - affixed thereto the Official seal of said corporation. IN WITNESS WHEREOF, I hereunto set my hand and official seal at Broward County, Florida, this day of , 19 NOTARY PUBLIC My Commission Expires: STATE OF FLORIDA ) COUNTY OF BROWARD ) BEFORE ME, the undersigned authority, personally appeared and , Directors of to me personally known, this day acknowledged before me that they executed the foregoing Acceptance of Assignment as such Directors. IN WITNESS WHEREOF, I hereunto set my hand and official seal at , Broward County, Florida, this day of , 19 ty Commission Expires: NOTARY PUBLIC - 4 - ASSIGNMENT OF DECLARATION OF RESTRICTIONS WIiEREAS, the City of Tamarac, a municipal corporation of the State of Florida, was the Assignee of certain obligations and servitudes pursuant to an Assignment of said restrictions, obligations and servi- tudes from under an Assignment dated the day of 19 , and WIiEREAS, the City of Tamarac, Florida, is desirous of assigning all of the rights, duties, obligations and servitudes as contained in that certain Declaration of Restrictions dated the day of , 19 , and recorded the day of 19 , in Official Records Book No. , at Page , Broward County, Florida, and that said City deems it in the best interests of the public to assign said restrictions, and WHEREAS, the is desirous of accepting said Assignment and assuming the rights, duties and obligations as set forth in said Declaration of Restrictions. NOW, THEREFORE, in consideration of the Assignment and the accep- tance of same and the sum of One Dollar ($1.00) and other good and valuable considerations, the City of Tamarac, Florida, hereby assigns, conveys, sells and transfers unto the , all of its rights, duties, obligations and servitudes as contained in the Declara- tion of Restrictions dated the day of and recorded on the day of , 19 , , 19 , in Official Records Book No. , at Page , of the Public te cords of Broward County, Florida, which Declarations of Restrictions late to the following described lands: That the Assignment created hereby is acknowledged by the Assignor and the Assignee to include, but not be limited to the right to collect monies for the reasonable costs of maintaining the various properties as set forth in the aforesaid Declaration of Restrictions, the right to perform said maintenance functions, and the lien rights as set forth in the aforesaid Declaration of Restrictions. The City of Tamarac, Florida, as the Assignor, deems it in the best interests of the general public to assign the aforesaid servitudes --- and restrictions and the , as the Assignee, deems it in the best interests of the Corporation and its individual members to accept said assignment and all of the rights, duties, obligations and servitudes created thereby. The Assignor and the Assignee further agree and acknowledge that___ he City of Tamarac, as Assignor, shall, after the effective date hereof, t, e fully discharged from any and all obligations, rights -and duties created by said Declaration of Restrictions and that said Assignment is conveyed and granted without recourse to the Assignor. However, the Assignor shall have the continuing right to collect any monies that may have become due, to -wit: prior to the effective date hereof, and further - 2 - shall have the continuing obligation to satisfy any obligations arising prior to the effective date hereof. This Assignment shall take effect on the day of , 19 ATTEST: CITY OF TAMARAC, FLORIDA ABy 4460( MAYOR CITY CLERK (SEAL) ACCEPTANCE OF ASSIGNMENT In consideration of the foregoing Assignment and other good and valuable considerations, the receipt and adequacy of which are hereby acknowledged, the hereby accepts all of the terms and ,conditions of said Assignment and further acknowledges that it is fully aware of the terms, conditions and covenants of the original Declara- tion of Restrictions assigned by the foregoing instrument. The , as Assignee, further acknowledges and recognizes that any lien rights created by the aforesaid Declaration of Restrictions assigned hereby to said Corporation shall at all times be inferior and subordinate to any lien rights created by any mortgage of record existing upon the date of this Assignment or placed of record subsequent thereto, which mortgage encumbers any of the real properties - included in the aforesaid Declaration of Restrictions. igned, sealed and delivered n the presence of: -54 Director 3 _ By Director By Director STATE OF FLORIDA ) COUNTY OF BROWARD ) BEFORE ME, the undersigned authority, personally appeared and respectively as Mayor and City Clerk of the City of Tamarac, Florida, to me personally known, this day acknowledged before me that they executed the foregoing Assignment of Declaration of Restrictions as such officers and that they have affixed thereto the official seal of said City. IN WITNESS WHEREOF, I hereunto set my hand and official seal at , Broward County, Florida, this day of 19 Notary Public, State of Florida My Commission Expires: - STATE OF FLORIDA ) COUNTY OF BROWARD ) BEFORE ME, the undersigned authority, personally appeared and Directors of the , to me personally known, this day acknowledged before me that they executed the foregoing Acceptance of Assignment as such Directors. IN WITNESS WHEREOF, I hereunto set my hand and official seal at , Broward County, Florida, this day of 19 Notary Public, State of Florida y Commission Expires: - 4 -