HomeMy WebLinkAbout5th Clsg Date Ext Agrmt - Signed - 4-21-17AGREEMENT REGARDING FIFTH EXTENSION
OF CLOSB14(3 DATF
THIS AGREEMENT REGARDING FIFTH EXTENSION OF CLOSING DATE (this
"Agreement") is made and entered into as, of the 2 1 ' day of April, 2017 by mid between
PUERTO D�EL FJO CONDOMINIUM ASSOCIATION, INC.,, a Florida non-profit corporation
(hereinafter referred to a,s the "Association"), and the CITY OF CAPE CANAVERAL, a
political subdivision of the State of Florida (hereinafter referrexJ to as "City"'),
RECITALS:
A. Association and City entered into that certain Agreement to Dedicate Roadway
,dated September 16, 2016 (the ",Onginal Dedication Agreement");
B. Association and City subsequently entered into that certain Agreement Regarding
Extension of Closing, Date executed on or about December 1'l9, 2016 to eft ct an extension " the
closing datp. (the "First Extension");
CAssociation and City subsequently entered into -that certain Agreement R.egaTdhig,
Second Extension of'Closing Date dated as of December 31, 2016 to effect another extension of
the closing date (the "Second Extension");
D, Association and City subsequently entered into that certain Agreement Regarding
Third Extension of Closing Date: dated as of January 16, 2017 to effect another extension of the
closing date (the "Third Extension");
E. Association and City subsequently entered into that certain.Agreement Regarding
Fourth Extension of'Closing Date dated as of February 16, 2017 to effect another extension of
the closing darts (the "Fourth Extension"). The Ori Marl Dedication Agreement together nth the
First Extension, Second Extension, Third Extemsion, and Fourth Extension shall be hereinafter,
collectively, referred to as, the "Dedication A greement";
R Association and City have agmed, as a matter of mutual convenience, to fullher
extend the date of closing of the Dedication Agreement as provided herein.
NOW, THEREFOPME, in consideration of the premises and for other good and valuable
consideration, the receipt and suffliciency of which are hereby acknowledged, the parties hereto
agree as follows:
i. Rcitals° Defined enns. The recitals set forth hereinabove are, trace and correct in
all respects and are incorporated herein by reference as fully as if set forth herein verbatim.
Wi[enever defined temis are, used in this Ag
greement, as indicated by the initial capitalization
thereof, such defined terms shall, if nut otheriWise defined in this Agreement, have the me `n
set f6rth in the Dedication Agreement.,
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2. ExtensiMon of Clo
�,sin �Datg, Paragraph 4(a) ofthe Dedication Agreement is
her deleted and is restated in its entirety as fbflows:
(a) !ZLoitnp Datc�. The closing of the conveyance of the Roadway from the
Association to the City shall oceux on ror before Atigust 31, 2017 (herein referred to ass
the "Closing Date'"
,). The, closing shall take place at a time, in a manner, and at, a
location as will be mutually agreed upon by tbe.Associ.ti on and the City.
IN WITNESS WHERJEOF, the parties hereto have: duty executed this Agreement as of 'the
day and year first above written.,
Signed, saved and, dlivered
Tri the presence of-
prin t, wne:12aL'
4rit'Rai- ie�
KOSIMM
PUERTO DEL RIO CONDOMINIUM
ASSOCIATION, INC., a Florida non-profit
cororation
"Or
ER
Ir tie'
Ite.
CITY OF CAPE CANAVERAL, a political
subdivision of the State of Florida
By:
..........
Tifle�
Da,W
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