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Folio 00418680009 PROJECT: 60091 FOLIO No: 00418680009 AGREEMENT THIS AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into on this 2/ '>~ day of {).CU'ff1mr' ,2007, by and between POLLY AVE LLC, a Florida Limited Liability company, whose mailing address is 2450 NE Miami Gardens Drive, 2nd Floor, Miami, FL 33180, (hereinafter referred to as "Owner"), and COLLIER COUNTY, a political subdivision of the State of Florida, whose mailing address is 3301 Tamiami Trail East, Naples, Florida 34112 (hereinafter referred to as "County"). WITNESSETH: WHEREAS, in accordance with Exhibit C, Paragraph 2 of County Ordinance No. 06-53, Owner is required to convey a 70 foot easement along the Santa Barbara Boulevard Extension at no cost to the County; and WHEREAS, County is requesting that Owner convey to the County only the West 67 feet of the West 'I:z of the Southwest Y. of the Southwest Y. of the Northwest Y. of Section 16, Township 50 South, Range 26 East, less the North 30 Feet and the South 30 Feet, Collier County, Florida (hereinafter referred to as the "Property"); and WHEREAS, Owner recognizes the benefit to Owner and desires to convey the Property to the County for the stated purposes, on the terms and conditions set forth herein, said terms including that no compensation shall be due and payable for the Property requested by County. NOW, THEREFORE, in consideration of these premises, the sum of Ten Dollars ($10.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, it is agreed by and between the parties as follows: 1. All of the above RECITALS are true and correct and are hereby expressly incorporated herein by reference as if set forth fully below, and all Exhibits referenced herein are made a part of this Agreement. 2. Owner shall convey the Property to County, in a form acceptable to County and at no cost to the County, unless otherwise stated herein. Said conveyance (Owner's delivery to County of a properly executed easement instrument) is hereinafter referred to as the "Closing." 3. Prior to Closing, Owner shall obtain from the holders of any liens, exceptions and/or qualifications encumbering the Property, the execution of such instruments which will remove, release or subordinate such encumbrances from the Property upon their recording in the public records of Collier County, Florida. Owner shall provide such instruments, properly executed, to County on or before the date of Closing. 4. This Agreement shall be null and void, and of no further force or effect, unless Closing shall occur within sixty (60) days from the date County executes this Agreement; provided; however, that County shall have the unilateral right to extend the term of this Agreement pending receipt of such instruments, properly executed, which either remove, release or subordinate any and all such liens, encumbrances or qualifications affecting County's enjoyment of the Property. 5. Owner shall pay all fees to record any curative instruments required to clear title, all Easement recording fees, and any and all costs and/or fees associated with securing and recording a Release or Subordination of any mortgage, lien or other encumbrance recorded against the property underlying the Easement. 6. This Agreement and the terms and provisions hereof shall be effective as of the date this Agreement is executed by both parties and shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, personal representatives, successors, successor trustees, and/or assignees, whenever the context so requires or admits. 7. Conveyance of the Property by Owner is contingent upon no other provisions, conditions, or premises other than those so stated above; and this written Agreement, including all exhibits attached hereto, shall constitute the entire Agreement and understanding of the parties, and there are no other prior or contemporaneous written or oral agreements, undertakings, promises, warranties, or covenants not contained herein. 8. This Agreement is governed and construed in accordance with the laws of the State of Florida IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. AS TO PURCHASER: DATED: l'o--31~3Wl ATTEST: DWI~HT E. BROCK, Clerk bj:Jiun ~filftJ0' . Atttst Q tcP f r~ $19ft1Urt 0I1~, BOARD OF COUNTY COMMISSIONERS COLLIER CO TY, F RI A AS TO OWNER: DATED: (b.j. a{" \ q:n) ~~ Witness (Signature) POLLY AVE LLC, a Florida Limited Liability company BY: (Signature) Name: n1 II 1It1 ~ v".)\ II (Print or Type) Name:~ ~y \\:::,-\-~ (Prin or type) ~ Witness (Sign Title: ~(rcr mtrYjOo-r- (Print Ti ) Name: ~~, ~~.d::-I' (Print or Type) Approved as to form and ~oy ^ eidi F. Ashton Assistant County Attorney -