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Home My WebLink AboutWinter Springs Holdings, Inc. D.R. Mitchell's The Levy Grant On Lake Jessup Closing Statement And Disbursement Sheet - 2009 10 28 � s BROWIV, GARGANESE, A'EISS & D'AGRESTA, P.A. 111 N. Orange Ave., Suite 1000 Orlando, FL 32801 CLOSING STATEMENT AND DLSBURSEMENT SHEET SELLER . WIlVZ'ER SPRINGS HOLDINGS, INC., a Delaware corporation BUYER . CTTY OF WIlVTER SPRINGS, FLORIDA PROPERTY DESCRIPTION . SEE EX��BTT "A"ATTACHED HERETO. CLOSING DATE . October 28, 2009 THIS IS STRICTLYA LAND DONATION ' AND NO FUM�S WILL BE DISBURSED TO THE PARTIF.S. VALUE OF PROPERTY BEING DONATED TO THE CTTY: 549,302.16 EXPENSES CHARGE SELLER CHARGE BUYER �� $35.50 Documentary Stamps on Deed (based on $345.80 appraisal of $49,302.1� Recording Partial Release 535.50 Title Search ($125.00) P� Owner's Tide Insurance Premium - based �284.05 on $49,302.16 value 2009 Real Estate Property Tax Fstimate $1,620.00 $1,972.15/365 days = $5.40 x 300 days CSC - Certificate of Good Standing POC $87.00 (2/5/09) CSC - Certif'icate of Good Standing $174.75 POC (10/20/09) TOTAL � �1,794.75 5700.85 .� r ; RECAPITULATION Seller Bu� Cash at Closing 50.00 Cash at Closing 50.00 Plus: Expenses $1,794.75 Plus: Expenses $700.85 TOTAL CASH DUE TOTAL CASH DUE FROM SELLER: 51,794.75 FROM BiJYER: 5700.85 ,-. - � . Page 2 of 4 '4 _ i � APPROVAL OF CLOSING STATEMENT AND DISBURSEMENT SHEET: INSTRUCTIONS TO CLOSING AGENT Seller and Buyer hereby acl�owledge that they have read and approved the foregoing Closing Statement and Disbursement Sheet and Recapitulation, agree that said documents accurately reflect the substance of the financial aspects of the transaction contemplated by the Contract, and each hereby approve and direct Closing Agent's disbursement of the proceeds and expenses of the subject transaction in the manner, amounts and to the persons hereinabove set forth. In the case of estimated closing costs and expenses directed to be paid by the Closing Agent, as aforesaid, the parties understand and agi that in the event that the actual expense is less than the estimate, the party which paid the same will be refunded the difference between the estimate and the actual expense and agree that if the actual expense is more than the estimate, the party which paid the same shall be required to pay the actual expense over and above the estimate. REAL PROPERTY TAX NOTICE: It is understood between the parties hereto that the exact amount of real property taxes applicable to the subj ect property for the curr�nt year is unl�tnown and proration was based on an estimate from the Seminole County Property Appraiser in the amount of ' $1,972.15. Should actual taxes for the current year be substantially different, each party shall have the right to demand and receive from the other a reproration of taxes. Each party consents to such reproration and agrees to look to the other party should a reproration become necessary, and to save . and hold harmless as to such reproration the closing attorney. ' APPROVED BY SELLER: WIlITER SPRINGS HOLDINGS, INC., a Delaware corporation By: Lindell K. Lee, President Date: , 2� � . Page 3 of 4 �� . � � APPROVAL OF CLOSING STATEMENT AND DISBURSEMENT SHEET; INSTRUCTIONS TO CLOSING AGENT Seller and Buyer hereby acl�owledge that they have read and approved the foregoing Closing Staxemeni and Disbursement Sheet and Recapitulation, agree that said documents accurately refled the substa.nce of the financial aspects of the tiransaction contemplated by the Contraot, and each hereby approve aad direct Closing Agent's disbursement ofthe proceeds and expenses of the subject �ansaction in the manner, amounts and to the persons hereinabove set forth. In the case of estimated closing costs and expenses directed to be paid by the Closing Agent, as aforesaid, the parties understand and agree that in the event that the actual expense is less than the estimate, the party which paid the same will be refunded the difference between the e.stimate and the actual expense and agree that if the actual expense is more than the estimate, the party which paid the same shall be required to pay the actual expense over and above the estimate. REAL PROPERTY TAX NOTICE: It is understood between the parties here"to that the exact amount of real property taxes applicable to the subj ect property for the current year is unkhown and _ proration was based on an estimate from the Seminole County Property Appraiser in the amo�tnt of " $1,972.15. Should actual taxes for the current year be substantially different, each party shall have the right to demand and receive from the other a reproration of taxes. Each party consents to such reproration and agrees to look to the other party should a reproration become necessary, and to save and hold harmless as to such repmration the closing attomey. APPROVED BY BUYER: CITY OF WIlJTER SPRINGS, FLORIDA By: � . L. S City er ' Date: I o/z7 , 2009 G:�DocslCity of Winter SPrinBs�Magaolia PariCtosin8 ��pB �� . t Page 4 of 4 .� ; . Shea 2 EXHIBIT See Slcetch of Desaipdon � � Indnded aa Acrachmeat `A° DESCRIPTION That part of Lot S, Block "A", D.R MTTCHELL'S SURVEY OF THE LEVY GRANT as recorded in Plat Book l, Page S of the Public Records of Seminole County, Florida being more pazticuiazly described as follows: COI�RMENCE at the Southwestem most corner of Lot 31, ST. JOHNS LANDING as recorded in Plat Book 53, Pages 45-49 of the Public Records of Seminole Cou�ry, Florida, said point being a recovertd conaete monument on the East Right-of-Way of TUSKAWILLA ROAD (formerly Brantley Avenue) as recorded in Official Rccords Book 3225, Page 1829 of the Public Records of Seminole County, Florida; thence run N.59'31'38"W. along the Westerly prolongation of the South line of said Lot 31 for a distance of 15.00 feet to the East Right-of- Way line of said TUSKAWII..LA ROAD; thencc S.30'04'SS"W. for a d�stance of 147$.38 fe�t; thence S.59'SS'OS"E. for a distance of 6.00 feet to the POINT OF BEGIIV'NING; thence N.30'04'SS"E. along the East Right-of-Way line of said TUSKAWILLA ROAD per Offidal Records Book 5810, Page 1286 of the Public Records of Seminole County for a distana of 357.28 feet to a Non-Tangent curve concave Northwesterly, having a Tangent Bearing of 5.10'12'00"W., a Radius of 1,110.99 feet and a Central Angle of OS'21`47"; thence Southcasterly along the arc of said curve and the West Right-of-Way line of the C.S.X TRANSPORTATION INC. "LAKE CHARM BRANCH" RAII_ CORRIDOR, a distance of 103.99 feet to the Point of Tangency; thence S.15'33'47"W., a distance of 266.49 feet; thence N.59'SS'OS"W., a distance of 97.55 feet to the POIIVT OF BEGINNING. Containing 0.417 acres (18,159 square feet), morc or less. T09-A39 Prepared by: Tinklepaugh Surveqing Services, Inc. Thia desaiptian and the accompaaying aketch or 379 Wesc Michigan S�eec aket�c6es has 6een prepued in azcordance widi the Suite 208 Scaadards �t forth in Chapar 61G17, F.A.C., Orlaadq Florida 32806 p�usuant to C�aptera 177 aad 472, Florida Sta�ta. (40� 422-0957 Unlaa it beaa tfie siga�ature and t�e original raissd seal of a Florida licensed surveyor and mapper tbis drawin8. ��, P�at or map is for iaformational pwposes only and is noc valid , ROBERT . MONA P. .M # 5980 � Da«: F EDFuA� ZaO� .� f � � SKETCH OF C �'SCRlPTION ATTACHMENT "A" -- NOT A SURVEY -- 1 ` " 3 + P.O.C. :�• �� 8 8 sounawES� Mosr cazr of .,� �`'' ' LOT 31, ST. JQHNS IAN�ING � �/ ��v� �' � (P.B. 53, PAGES 45-49) �� 1 �'ti �o � y d� t /^ o � 1 � �/ J _�_ � / +3' �� 0�2 �,� . .y`' �," I r ��ti� � A '`� I � ¢�� ' ��8 ! Q �� . � ��ry'�..�' � / ��`Y • • � � � � SURVEYOR'S NOTES �� 0 ' �� 2� �� . . - - ��o� o ' � 2s• �• � 1. Bearings are based on the Eost �- `/ `�� % '� riqht—ot—way I'u�e of Tuskow�7lo Road, r �_ �� f� being N30'p4'S5"E. �.�� y��/ �� a_ r� 2. This is not a Boundary Survey. ��' , �� N � � No comers were set. t�,r�r� �j / w O � �� 3. This site contains 0.417 acres �,ti ^ p�� t] (18,159 square feet), more w less• , ��/ a' � Q r�' � J � � �/� � � � d � / �vi' � , � p a � � `� � � � °� o �`►' h s`� / � � i ��-'�ry�� m -► � E•, � h .. � .�. ,►� �� " �. N � � � � O � •� O �` LEGEND � ?;, ��Qr +3 � 'a � , �',o ,� � � CENTERUNE �°j/ �� j �,��, �� ,� m A DELTA �� 1� � �- C� � �. L ARC LENGTH / ��o• � �� O.R.B. O�FlCIAL RECORDS BOOK 2S• �� ` y Z`� P. B. PLAT BOOK ��3' W V � • P.O.B. POINT OF BEGINNING N 2 Y� � �'� P.O.C. POINT OF COMMEN(:EAAENT � � a�. �,� � � q P.T. POINT OF TANGENCY / � �7` � R R RADIUS� P.O.B �tn SO' , � � /� � �• / T.B. TANGENT BEAR�NG � AIAGNOLIA PARK ACOUISI110N _ — (O.R.B. 5810, PAGE 1285) Tinklepaugh REVISE� 5/6/08 ADA � �� REVISED — 2/25/09 — A.D.I� 379 p, �K�� Stre�t. Suita 208 • Or�ondo, Florido 32806 F I:�T09A39\T09A39.dwg 2/25/2009 Tete. Na (�07) a22-0957 lrax Na (407) �22 DRAWIMG No. T09A39 •`F1L� No. 5X-7035-09 Lics�sED BUSDtBSS Na sTrB '� ,