HomeMy WebLinkAbout3rd Clsg Date Ext Agrmnt - Signed - 1-17-17 AGREEMENT REGARDING THIRD EXTENSION
OF CLOSING DATE
THIS AGREEMENT REGARDING THIRD EXTENSION OF CLOSING DATE(this
"Agreement") is made and entered into as of the 16th day of January,2017 by and PUERTO
DEL RIO CONDOMINIUM ASSOCIATION, INC., a Florida non--prot:it corporation
(hereinaller refericd to as the"Association"), and the CITY OF CAPE CANAVERAL,a
political subdivision of the State of Florida(hereinafter referred to as"City").
RECITALS:
A. Association and City entered into that certain,Agreement to Dedicate Roadway
dated September 1.6,2016 (the"Original Dedication Agreement");
B. Association and City subsequently entered into that certain Agreement Regarding
Extension of Closing Date executed on or about December 19, 2016 to effect an•e7tension of the
closing date(the"First Extension"); .
C. Association and City subsequehtly•entered into that certain Agreement Regarding
Second Extension of Closing Date dated as of December 31,2016 to effect another extension of
the closing date (the"Second Extension"). The Original Dedication Agreement together with the
First Extension and Second Extension shall be hea-einafter, collectively,referred to as the
"Dedication Agreement';
D. Association and City have agreed,as a matter of mutual convenience,to further
extend the date of closing of the Dedication Agreement as provided herein.
NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration,the receipt and sufficiency of which are hereby acknowledged,the parties hereto
agree as follows:
1. Recitals; Defined Terms. The recitals set forth hereinabove are true and correct in
all respects and are incorporated herein by reference as fully as if set forth herein verbatim.
Whenever defined terms are used in this Agreement, as indicated by the initial capitalization
thereof, such defined terms shall, if not otherwise defined in this Agreement,have the meaning
set forth in the Dedication Agreement.
2. Extension of Closing Date. Paragraph 4(a) of the Dedication Agreement is
hereby deleted and is restated in its entirety as follows:
(a) Date. The closing of the conveyance of the Roadway from the
Association to the City shall occur on or before February l6, 2017 (herein referred to as
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 the Association and the City.
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IN WITNESS WHEREOF,the parties hereto have duly executed this Agreement as of
the day and year first above written.
Signed, sealed and delivered
in the presence of;
PUERTO DEL RIO CONDOMINIUM
ASSOCIATION,INC,, a Florida non-profit
corporation
Name: ! �'f0_2t"z
Title
Date: l
Pri tNa4ie:LbIllamr V
CITY',OF CAPE CANAVERAL, a political
subdivision of the State of Florida
By:(() AU-V�
Print Name: Name: 4 v,C11 . r-ee,76
}' Title: `
Date:
Not Narnc:
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