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R18-116 1 RESOLUTION NO. R18-116 2 3 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 4 FLORIDA, AUTHORIZING AND DIRECTING THE 5 MAYOR AND CITY CLERK TO SIGN A RELEASE OF A 6 UNITY OF TITLE FOR THE CITY OF BOYNTON 7 BEACH; AND PROVIDING AN EFFECTIVE DATE. 8 9 WHEREAS, the City has approved the sale of that certain real property more 10 particularly described on Exhibit "A" attached hereto and made a part hereof(the "Property") 11 to JKM BTS South, LLC, a Florida limited liability company, for the development of an 12 apartment building, parking garage and related amenities; and 13 WHEREAS, the City has agreed to release the Property from the operation and effect 14 of the Unity of Title encumbering the Property recorded in Official Records Book 6972, Page 15 1978, Public Records of Palm Beach County, Florida. 16 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 17 THE CITY OF BOYNTON BEACH, FLORIDA, THAT: 18 Section 1. Each Whereas clause set forth above is true and correct and incorporated 19 herein by this reference. 20 Section 2. The Mayor and City Clerk are hereby authorized and directed to sign the 21 Release of Unity of Title, a copy of which is attached hereto as Exhibit "B". 22 Section 3. This Resolution shall become effective immediately upon passage. 23 1 24 PASSED AND ADOPTED THIS 21ST DAY OF AUGUST, 2018. 25 CITY OF BOYNTON BEACH, FLORIDA 26 YES NO 27 Mayor— Steven B. Grant 28 Vice Mayor—Christina L. Romelus f 29 Commissioner—Mack McCray 30 Commissioner—Justin Katz 31 Commissioner—Joe Casello 32 VOTE Cw 33 ATTEST 34 35 36 6-00(//h 37 Jud.) ud' Pyle, CMC, Cit Jerk 38 39 40 41 42 (Corporate Seal) 43 2 EXHIBIT "A" Lots 1 — 6, Block 16, Sawyer's Addition, according to the Plat thereof, recorded in Plat Book 8, Page 12, of the Public Records of Palm Beach County, Florida. {00245836.1 3,6-9905263} 3 Release of Unity. Title—BTS South v I CFN 20180336154 OR BK 30091 PG 1825 RECORDED 08/30/2018 10:17:07 Palm Beach County, Florida AMT Sharon R. Bock CLERK&COMPTROLLER Pgs 1825-1827; (3Pgs) Instturnt "'-pared By and Return To: K. Mich:,'lN.even, Esq. PG Law 5030 ChamBlvd., Suite G11-281 Boca Raton, F 33496 Parcel Tax Identific on Number: a portion of 08-43-45-28-05-015-0020 O RELEASE OF UNITY OF TITLE THIS RELEASEVUNITY OF TITLE (the "Release") is made and entered into on then day of August,2018,by the Cit3ePoynton Beach, Florida, a political subdivision of the State of Florida(the "City of Boynton Beach"). n �= o WITNESSETH: WHEREAS, the City of Bor•�~:each owns the following described property (the"Property"): SEE EXHIBIT "A" ATT• 41. P,1 HERETO AND MADE A PART HEREOF WHEREAS,the City of Boynton B*h has approved the sale of the Property to JKM BTS South, LLC, a Florida limited liability company, f.0- development of an apartment building, parking garage and related amenities. In order to facilitate t livelopment of the Property, the City of Boynton Beach has agreed to release the Property from the .1----lion and effect of the Unity of Title encumbering the Property recorded in Official Records Book 410-4-7"age 1978, Public Records of Palm Beach County, Florida(the "Unity of Title"). WHEREAS, the administrative head of the Boynton Beach Building Department has approved this Release. WHEREAS, the Boynton Beach City Commission has approved this Release. NOW THEREFORE, for a valuable consideration, the sufficiency of which is acknowledged by the execution and acceptance of this Release, the City of Boynton Beach hereby releases the Property from the Unity of Title and declares the Property free and clear of the operation and effect of same. Accordingly,the Unity of Title is hereby deemed released, cancelled,terminated and shall be of no further force or effect with respect to the Property. [SIGNATURES AND ACKNOWLEDGEMENT ON THE FOLLOWING PAGE] CFN 20180336154 BOOK 30091 PAGE 1826 2 OF 3 IN WITNESS WHEREOF, the undersigned has executed this Release of Unity of Title as a.1, o 1.. by the City Commission as its meeting of `) day of August,, 2018. 0 o Signaled and delivered in the presence of: CITY OF BOYNTON BEACH,FLORIDA, o a political subdivision of the State o lorida Witness • \ J Printed Na c—�-,.r.-�y 5. -,‘A� By: - 'y ! / `� C_---7.e—NO`� - I Name: Steven B. Grant .p; ! ::,_ . t Title: Mayor W itness#2 I Printed Name: HA{LA ELLIS (CA- Attest: C..c2ok . — * o Name: dith Pyle Title: City Clerk e,, STATE OF FLORIDA O COUNTY OF PALM BEACH The foregoing instrument wa g�i :,�owledged before me this _ day of August, 2018, by Steven B. Grant, as Mayor of the City of Boy `"eei 4 each, Florida, a political subdivision of the State of Florida, who I ] is personally known to �► 1 has produced as identification. • [Notary Seal] -•LI ii , , ,,A - t,iu-. ) LL1 ,rl it, ; 1 Notary Public ;. , =•,rp Plik, CATHERINE CHERRY-O BERMAN 1f r l MYCOMMISSION*G4A00932 Printed Name: r tt :-i E i I. ,- 'F i »l,t�Y1 --!�. 1 " * J `; 41'4,,,,o," 'U33; ` EXPIRES:June 12.2020 My commission expires: i, r.; .`'C,�e '',,,,o, a Bondid TM sachet Navy Services 100245836.1 306-99052631 2 CFN 20180336154 BOOK 30091 PAGE 1827 3 OF 3 EXHIBIT"A" d the Plat thereof, recorded in Plat Book 8, Page Lots ,�. Block 16, Sawyer's Addition, according o t12, of the '( ' Records of Palm Beach County, Florida. Co Qs:7 • 1?_) o 0 PA\