HomeMy WebLinkAboutCypress Pointe Termination of Conceputal Development Agreement -2004 08 26IIIII II IIIIIINNIMIIIIIIIIIIIIIIININIIIIIINI~INII
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Prepared by and return to:
Anthony A. Garganese, Esquire
~- Brown, Garganese, Weiss & D'Agresta, P.A.
Post Office Box 2873
Orlando, Florida 32802-2873
(407)425-9566
htARYANNE MOR5E, CLERK OF CIRCUIT COURT
SEIMINOLE COUNTY
BK 05443 PG 0642
CLERK'S # 2004139337
RECORDED 09/08/2004 02:50:45 Cpl
kECDRDING FEES 10.00
RECORDED ELY G Narford
NOTICE OF TERMINATION OF CONCEPTUAL
BINDING DEVELOPMENT AGREEMENT
The City of Winter Springs, Florida, hereby notifies the public by this written instrument that
the Conceptual Binding Development Agreement by and between the City of Winter Springs,
Florida, a Florida municipal corporation and Cypress Pointe at Winter Springs, Ltd., a Florida
limited partnership, recorded in Book 04886, Page 0212 of the Seminole County Florida Public
Records, was automatically terminated and nullified pursuant to Paragraph 4.0 of the Agreement
because Cypress Pointe at Winter Springs, Ltd., was unable to close on the Cypress Point Property.
Paragraph 4.0 of the Agreement states as follows:
4.0 Purchase of Property
Cypress Pointe will promptly use all reasonable and best efforts to complete the
acquisition of the Property pursuant to its existing contract rights and provide written notice
of the acquisition to the City. However, in the event that Cypress Pointe does not acquire
fee simple ownership of the Cypress Pointe Property by the closing date set forth under the
terms of the existing purchase contract, then this Agreement shall be automatically
terminated and nullified, in which event the parties' obligations under this Agreement shall
be and become null and void and of no further effect. Cypress Pointe shall promptly provide
the City written notice if Cypress Pointe fails to close on the Cypress Pointe Property.
IN WITNESS WHEREOF, the Cit as executed this Notice of Termination of Conceptual
Binding Development Agreement, thi~o ay of August, 2004.
CITY OF WINTER SPRINGS,
a Florida Municipal Corporation
PaJnt N me• i1~W~+jIA. i4/'~/M~S ~.
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Print Name:
STATE OF FLORIDA
By: ~,,,,,~Grw. ate..--
Ronald McLemore, City Manager
COUNTY OF SEMINOLE
,~-_._.
The foregoing instrument was acknowledged before me this ~~ day of August, 2004 by Ronald
McLemore, City Manager of the City of Winter Springs, vv o i~ p sonally known to me and who did not
take an oath. [
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(NOTARY SEA Androa loronzo-lwce+ -TAI t ~ Signature
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Commission No.:
My commission expires:
Notice of Termination of
Conceptual Binding Development Agreement
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