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Agenda 09/23/2008 Item #16B 2Item # 1662 September 23, 2008 Page 1 of 5 EXECUTIVE SUMMARY Recommendation to approve an Amendment to Agreement related to the six - laning of Davis Boulevard. (Project No. 60073) Fiscal Impact: None. OBJECTIVE: To secure an Amendment to Agreement that was previously approved by the Board of County Commissioners of Collier County, Florida CONSIDERATIONS: On April 8, 2008 the Board of County Commissioners approved a Purchase Agreement (Agenda Item 16 -B -10) to acquire 0.583 acres of unimproved property, required for the six - laning of Davis Boulevard, Project No.60073. The property was deeded to Cedar Hammock Community Development District from Cedar Hammock Golf and County Club Inc., via Quit Claim Deed (OR Book 4329 Page 1562). Because Cedar Hammock Community Development District received conveyance of the property by a Quit Claim Deed, the attorney for Cedar Hammock Community Development District has advised them not to issue a General Warranty Deed to the County, but to issue a Special Warranty Deed instead. The Amendment to Agreement is intended to substitute Special Warranty Deed in place of Warranty Deed in the original Purchase Agreement. FISCAL IMPACT: None GROWTH MANAGEMENT IMPACT: None LEGAL CONSIDERATIONS: The Special Warranty Deed has been signed for form and legal sufficiency. This item is legally sufficient for Board action. It is important to mention that a general warranty deed (aka "warranty deed" in County documents) is different than a special warranty deed in that the general warranty deed contains a guaranty from the grantor (in this case Cedar Hammock Community Development District) that title to the real property is superior to any person who makes a claim whether such person claims through the grantor or otherwise. A special warranty deed provides only that the grantor has not done anything to impair title to the property during the period of the grantor's ownership and the warranty is limited to those claiming through the grantor. With that said, there is a very low risk title defect exists in this instance because the property was platted in 1999 with no encumbrances on the property being evidenced at that time and a public records search does not reveal any encumbrances since 1999. However, this does not mean that there is no risk and it is a policy decision as to whether to proceed without obtaining a Warranty Deed. - JAB RECOMMENDATION: That the Board of County Commissioners of Collier County, Florida: 1. Approve the attached Amendment to Agreement; and Item # 16B2 September 23, 2008 Page 2 of 5 2. Authorize its Chairman to execute same on behalf of the Board. 3. Authorize the County Manager or his designee to finalize the transaction as Originally directed with the approval of the Purchase Agreement dated April 8, 2008, Agenda Item 16 -B -10. Prepared By: Joan M. Smith, SR/WA, TECM Attachments: (1) Amendment to Agreement Item # 1662 September 23, 2008 Page 3 of 5 Recommendation to approve an Amendment to Agreement related to the six- laning of Davis Boulevard.(Project No. 60073) Fiscal Impact: None. Prepared By: Department Date Trans. Eng. And Const. Mgmt. 9/3/2008 11:44:35 AM Approved By: Department Approval Date County Attorney Approved 9/16/2008 4:36 PM Approved By: Department Approval Date Transportation Approved 9/17/2008 8:04 AM Approved By: Department Approval Date Office of Management Approved 9/17/2008 9:36 AM and Budget Approved By: Department Approval Date County Approved 9/17/2008 9:48 AM Manager's Office ATTACHMENTS: Name: Description: Type: 1 ExsumGedarHammock doc Executive Summary Executive Summary ❑ Amendment to Agreement odf Amendment to Agreement Agreement AMENDMENT TO AGREEMENT THIS AMENDMENT TO AGREEMENT entered into this day of 20 , by and between CEDAR HAMMOCK COMMUNITY DEVELOPMENT DISTRICT, an independent special district established pursuant to Chapter 190, Florida Statutes, whose mailing address is 5726 Corpordi%mmber23,2008 Circle, Ft. Myers, Florida 33905, (hereinafter referred to as the "Owner), e4 of 5 COLLIER COUNTY, a political subdivision of the State of Florida, whose mills address is 3301 Tamiami Trail East, Naples, Florida 34112 (hereinafter referred to as "County'). WITNESSETH WHEREAS, the County and the Owner have previously entered into an Agreement dated April 8, 2008 wherein Owner would provide an executed Warranty Deed to Purchaser, and WHEREAS, the County and the Owner are desirous of amending said Agreement in order to provide that Owner execute a Special Warranty Deed. NOW THEREFORE, in consideration of the covenants and agreements provided within the said Agreement dated April 8, 2008 and Ten Dollars ($10.00) and Other Valuable Consideration, the said Agreement is hereby amended as follows: Any and all reference in the April 8, 2008 Agreement to "Warranty Deed" is hereby changed to read "Special Warranty Deed ". Except as expressly provided herein, the said Agreement between the County and the Owner remains in full force and effect according to the terms and conditions contained therein, and said terms and conditions are applicable hereto except as expressly provided otherwise herein. IN WITNESS WHEREOF, the Owner and the County have hereto executed this Amendment to Agreement the day and year first above written. AS TO THE COUNTY: DATED: ATTEST: BOARD OF COUNTY COMMISSIONERS DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA BY: TOM HENNING, Chairman AS TO THE OWNER: DATED: WITNESSES: CEDAR HAMMOCK COMMUNITY Item # 16132 DEVELOPMENT DISTRICT, an independefieptember 23, 2008 special district established pursuant to Chap Wge 5 of 5 190, Florida Statutes (Signature) Approved as to form and legal sufficiency: Assistant C my Attorney T'E.NNjpt, - A 15E- L-P? -L FRANK VASELEWSfKI, Chairman of the Board of Supervisors (Print Name)