Item M1
no.,\RD OF COLNTY CO.\BlISSIO:\ERS
ACI'::\D,-\ ITEl\l SL.\L\l\R'"
:\ Il'l'{jn~ Dille; [cl~ru.,~ll'}" 15, ~OO(l
Uiyision:
\,hm I"O~~ ( ~(11 LIl t v H Oll.~ll1 ~', ...\ LLt 11 ori 1 \'
Bulk ltl'lH: Yn, X :\1)
I)(,p:~ rt nUl n t ~ >. E~.~'.!.; )1 P 1:!2?Y:1l-:l S () f { I C(~
,\(;1<:7\]),,\ lTE\l WORDE\(;: A RESOLUTIOJ\ OF THE BOi\RD or COUNT'(
CO\l\lISSlOt\ERS OF \10NROE COU0lTY. rLORIDA TO \\-'AIVL i\[\Y RIC;1ITS 01: \'lOr'<ROr
CCH."\:T'r' WITH RESPECT TO Tile SALE OF PROF'LRT'( LOCf\TLU IN r....1,;)"~,;),,Tll(Y'\,
H.0RlDA K~OW~ AS Gl.TrSI-IOR[ APART\l[)JTS UPU?'\ TT IL SATISJ :,'\CTIO~ or
\-tORT(~,,\GE TO \-1Cf'\ROE COC~TY IN CO!\Jl~~CTIOI'< W[Tll Tlll.': STATf.:, IIUl.~Sl\J(;
IL\ITL\ TIVES PART\:ERSH.IP {SHIP) PROe3RA\l
lTE"1 Hi\ C K( aU)L:\ D; III \'lin\"h, [9l)7, lhl' \1t'nluc (j\LJJlly S HIP Program provided ru nJi ng i~l
t h.' ,llllounl or 'fCO,()()() I'm t h~ rel1ahi IILat i 011 10 :Lt rnrdah f....' rcnta I pmpc n y [oca1ccl ~LL ()c)l) ..II ~ 1St reeL,
GlIl f, MHrLllhun, FI DnJa, I"" I."lll 0 I. 1 h(: pn nc i pal halance ic; l'orgJ \\.'11 ann LLLlII)' and lhe ":lIrl"~nl pn r:c i p~~J
bai <I rkG is S] 9.7 -J.S.8(), Thl~rl" HI ~o is :An oubtumling hu!um,T froLll 1h..: COJ[lJLJ uuily Dc \'clUPJllL"TL1 B], l'-.:k
Grant in the umounl M Sl7.~7g,2-"
PH.EVIOUS RELEVANT BOCC ACTJO!\i: D..:c(:mhcr ::!], ~nm. th~~ B()~lrd vDled 1'101 to rmsue ~hc
ri ght ~)f t"i r..,t n:; fUSHl upon lhe o( s~\LisrHClion of morlg~\sc.
CONTR...\CT/..\(;REET\,JEyr elf ,\ NG~;:S~ '>.J/A
ST,-\FF IU~CO\-li"IENnAT]O'\~ Approvtl]
TCH:'\L COST:
$D
BLD(jETED: Y~s
~o X
r.OST TO C01 ;VI"Y:
$-0-
SOllfH,'F OF rUNDS:
KIA
RlVENUE PRO])l;c!N(j: Yl~~
I\o X
1\.\10 l J ~.[' ~)b:H: \'lotl1 h
y l~.lE
/1
'"
,-U}PkOVED BY:
Cuunly ..\1ty :"~J/
OMB/Ptlrd1(~~j ng _
Ri ~ k \'1 ana~8merH
DIVJSI{)\J DIH.LCTOR APPROV,\L / ///
'/ ' / > ' ( , -,
ft. r\-L'lIwcI Cd:Sli llo. Sr.. L\.cuJti'ie Di nxlOr
/
/ r'v'1onro<:, County I lou~iJL~ "'\LLlhonly
DOCI,: \1 F ~'I'A'l'l U r\:
InclmhJ
x
To l'olln\\
Nut Req um~d _
DTSPOSHION:
AC"jEND..-\ 1'['E\'l #
.-\ RESOLLTION OF TilE BOAH.I) OF COl'Y"\, CO\I\IISS]O~EE{S OF
!\-10~ROE COL~TY, FLOIHUA TO \-\-'AIVF "'Y RTCHTS W[TH RESPECT
TO THT-: S..\LE OF THE I'ROPI~l{Tr K'\OWN AS (~(JLFSHORE
\ [), nT''\,IL-......T'-.' 1 fo",~ '1'1;1'10 1': 1\'1,\ V ,\ '1'11('1,' ~d {lUln ,\ 1,1>fl~ Tl.IT.'
S..\TISF;\ClIO~ OF _\10R'n~i\(~E
\\'IIERE,:\S, tlw Board or Counly Cm!llrlis~iuJle:rs Df f\.'1omu(: Cuunty considered a ]\~qu~~q by lhe O\\'n~~r
(/' prl ~IWl1 >: kKal ed at {Nt) ,~ l ,[ Slreet I\bral hon_ Florid~l (lhe '-Pr( IfJl'llY"). aho knuwn a'-; t ll~~ G III i"~h()['e
A p;!rlmen 1st R t-: ~o, OlH,:; 7 .1,~()-(}DnOU() L C()n~TrTl L n ~ lhe o.i sli I L~ SHIP l chabi 1 i tJ,tion nwnga~c 10,ln
cr"~'lLl1lhL'r1n~ Ihe: Pmpeny al,J heing rc;.;urJcd al Buol l-J.-l~, Pagc 950 or the Pub;i~~ R:e~~nrds ,,)1'
i'vlollroe COLlI~ly (lhe "\'ll)rlg~L~l'" f~ aTlJ
'V III'~ I{ 1,:,\ S, in vmj und i l,n \'. i th ~ he owner',~ s,llc or- thL~ Pmp~~n y ;md payoff or tilL' f\.'] On!!~l~~e:, the'
m\TCI" or 1 hl~ Prl )pr::n y rl~qlLes1 ~~d not i ce \\'hc:l1wr I\'tnmoe Cc~LLn~ y or I ts J~si SllCL' i Jlle:llJS 10 C-ll roru: ll:-; or
11wlr r1ghls, If al1Y, r~latin? tu the nght or firsl refusal rCI'i.:TL'llCC conlaiJlc-J in lhe \-1ort.l!a.~c ami
W HERL\S _ the B~ laru uf COLI [)ly CUJLlJLli ~:-,iUrllT5 uu ly cnn<dcrc:J lhe [WjU(,:q <wd dcterm i n~~d not to
pursue ~ud) rights. if any. under Hw righl or first rcfu~;ll r(,:k['l~rKl~ in the Mortgage: and
W HE REA S, t l1e m\'nl~[' 0 t" t1w Pl"up~~rty ['ellLJl~sts. th.ll :,'lunnw ClHI nt)' red u~~e ib (k~t~~['mi natiun to a
\\'r!l ten n,:sn I Lit i on'
NOW, THFI~EFOn.E, BV n RFSOLVED. by the Bo~nJ (}( County Commissioners. ()j" :\Innroc
CUlln1y_ I-Icmda, tl1;11 1h(~ CUHtlty hereby:
5~;.;1;~m 1: That uplm reccLpl ()t' the fllll :llll(}lLnt~ due W r\i1()nn)(~ County under lhe rrnvi~iuns 0t" the
a:-on;JLll.TLliollCd re:,-'mJeJ l\.'lorL8;JSC- where SLle h rep;l;:nwnl is m.lt"k' i n u~n.i Llnct i on \V i I h tlw "<lIe or the
Prop~~rty, and 1Il,ll)JL ~h)LlrOL C uun1 y' s recordi n~~ () r CLlSI Dmary L m[ n Llllcnt '; ~~V idGllc i ng <:;;11 i ~ f,K1 ion l1 t" 1 h~~
Il1l~ng,jg.~~, lhl~ PrUp(;rly uv...'Jln's (lbligaLiom ur re:cord, I r any, with rcsped to lhc right of 1'irst rd"tJ~~ll
rdercncc, 1l ~~(:~ hG[, with all oj" lk ulhn ohli gal i om umkT 1 he f\'] ortgag:c ~ll1d ot h e.r h~an (h ~CLl men ts
a~~(~cl;Jte:d 1 hcrewi 1 h, WF II h<l ve b~~c n salis i"il~d,
P,\SSELl ,-\ND AI)()]Y[Tn_ hy 1he Bo;mJ of Counry Commis:-,ion(:l S llf \lumoe: CUUTlLy_ Plumb ~lL ~L
l\~t::ul~lr mCl~ting till ~aiJ Boaru un the d:lyof , A,D.. ?DO(l
BOARD or CO(}I\TY CO\'1\,11SS IOf\ f-~RS
or \IONROE COL:\"T'r', FL01<:.IDA
\'Ll vUr \'lee u\"
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C'ommi s~iOTLcr ~c u~L'nl
('0 III mi ssi urLCr SlJ~' har
{ ~ommis<;.i (H1Cr Ricl'
l3y:
Maym ('harks "Sonny.' r'vkCoJ'
SEAL
i\ TTEST:
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Board or CommiSSLoners
11,1~~\' H<:tht:';
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SEVT VIA F1CSIJf1LE
404-222-4654
i kce~11 her 29, 2nD5
Cor::/ Tho;npsuJL
KLLWJ... Rock LLP
Sljtc- 2 ~ 00 PcadmeC' Center Sou ch 'I 'ower
.:25 PCflcr.trcc Srr-ce:t, \; _ b:.
Atl<'.t1;Cl, (; A J (}~)(n-l 7,',1
R F: l~ll ~f Shores ..-\ part.mcn t~
D(:.;r \1 t, Thompson:
Tlu~ \1onroe C:ollnly Finance DepanmenL ha's advised LhaL Lh~ payoff :-lmmml~ <1." clf December
30.2005 O[] l':lC ab(jv~ rl"kn.:[]c-..:J prop-..:rly' is <.IS fo:lo\vs:
Stal.e ] IOL1Si~1g Ini,!ativcs Parmershir
C 0111111 LLl1i LJ' Developmenl I ~ loc~ Grant
s ~ (},748,SO
S3 :,372;,24
TO!:l Willi. COl~:1ty Adminisl;;JWr has "H,hi~ed (bat Lhe COllnL} \"oted tn llot plH5U~ th~ --Right of
f"i t"st R..~fusa r' :It :bcir D(:ccmb~r 2:, 2005 mCLling, Lhc,dim: j1<iyment of I ne payo ff amOUrJS
would <;atis~y the mOrT;!.J2C on ~b: prop~rty,
Si;H:Cely.
,/
C/. /
J, \-tanud l'~stlli0, SL',
h:er.lIti\:,.; Di recto]'
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rc: l'nrr, Wi'I:_ C,)"~lHy AJLll~IL:slralu;'
\l~;rk R00Ch. j: \CCUL \ ~ Di l\X,Wr
\1l1 n rl1C CO~lllty l.,~lI1(~ AuLlol'jlY
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KUTAK ROCK LLP
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SUITE 21 [IU
PE,Il.,GF-I11'H.,E OENTEA ~OLJTH TOWER
22.5 ?r_/\G~I Tl'\eE. STRU_ l, t..j.~-
ATLANTA, ,t!- of'HlIlA ~O;J\J" 11~'
ill 11 MOI~e:!I:
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404 ;.02 ~- 4E!OO
~AC9H\".1 F 404, 222- 4~!';"
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11 V':'~1 1 ~DA.L'E
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Vi>\. FACSIMILE 30\-296.0932
January 9, 2006
"'.'11 t~ ~~. I ...
MI'. Manuel Ca~riUo, Dlreetm
MONROE C01JNTY HOUSP.'-J( i AUTHORITY
l40J 12':":i Street c/o Spec,ial prngrams Office
Kev W~~t, Florida JJD40
,
Re; Gu~f ShtH'es Apartmnlb
9Q'J ,'l15~ Stree1 Gul f, Marathon) Florida
Dear Mann)-:
Thank ;'0U for your letter {If December 2)1, :~OO~ regardlng the payoff amQuuh .lJld right
of first refusal for the property referenced ahove, So that M<~. LeBaron may sdl the Property_ !h~
purchast'r's title imuranL:e company IWl~ds a WTltten n~s(llution fQnmdly documenting thl:
County' s pt),~ition. with respl'Lt liJ the right 01' tlt~t refusal. I've ilttached a draft resolution for
sue h purp oses,
Since you have bc:m involved \\lth the Property for 50Ull~ time and have hJJ d [Scu55ions
with the County, we reque,,' That YDll tala~ ~ !ook at the re~olllltnn to see if it tll<l[ehes your
illlderstandjnp. Also, plea~e Id uS know \vho we :.-:hould contact to bave 1ht' r~soIution bk:-;;<;d as
far as form ClIlc1 placed on the Hoard of County COJIl ~lli~~lOner's agenda i0r o.:uosideratioll at the
next scheduled mc~uJ1g,
Please let me kllow ynur thoughts, Thf'lnk you for your assistam::c_
S lw:erely,
I~ !J ~hrn----
(/~ t
Cory B, 'rnomp~on
cc:; Sht.:l:TY Spiers, Esq. (via email)
JOh!l l), Jones (via emall)
Drew M;frlar. Esq,
4R~~-{j 166- W6.1