HomeMy WebLinkAboutCypress Pointe at Winter Springs -2004 08 26
111111111111111 II 11111 1'1 11111 1111111111111 Dill mOlD I all
,. ~ . I . ..
Prepared by and return to: MARYANNE MORSE, CLERK OF CIRCUIT COURT
Anthony A. Garganese, Esquire SEMINOLE COUNTY
~. Brown, Garganese, Weiss & D'Agresta, P.A. BK 05443 PG 0b42
Post Office Box 2873 CLERK'S ~ 2004139337
Orlando; Florida 32802-2873 RECORDED 89/88/2084 02:58:45 PM
(407) 425-9566 RECORDING FEES 10.00
RECORDED BY G Harford
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 ProDertv.
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 Ci~as execut~d th.rsNoticeofTe~inat~on of Conceptual
Binding Development Agreement, thi~ ay of August, 2004.
CITY OF WINTER SPRINGS,
a Florida Municipal Corporation
~. ("Mtjil>'lt:'5 <- _By: ;P~4J.~
Ronald McLemore, City Manager
P~~ VII .~f1,r"'e,., .
STATE OF FLORIDA
COUNTY OF SEMINOLE
The foregoing instrument was acknowledged before me thi )~ay of August, 2004 by Ronald
McLemore, City Manager of the City of Winter Springs, o i p sonally known to me and who did not
take an oath.
.~
(NOTARYSE~ _~ ignature : <. . . .
! " . My Commission 00209870 :b\~~u1\v
'\ ~ ,i Ellplles May 09. 2007 'Typed or Printed Notary Name
. Commission No,:
My commission expires:
Notice of Termination of
Conceptual Binding Development Agreement
Page 1 of 1