HomeMy WebLinkAboutDocumentation_Special Master_Tab 5A_7/24/2001 JUN-22-01 06.56 FROM. VILLAGE OF TEQUESTA ID. 5615756203 PAGE 1
JUN.21.UU1 3:43PT1 JONES FOSTER JOHNSTON & STUBBS NO.025 P.1/2
'' NES /**C: . got
tostERNosier Canter lbwer,Suite t OO Mailing Addrus
50S South Flaps Drive Post Ottteo Box 3475
T 1~N West Palm Bascbb,F1ocids 33401. tryWeSt Palm Bezel;Florida 33407.3475
81 �i P.A. 'Yiolttplusno l"Z W I ( PCB 3: ile(361)832..1454
RUMP 0seseders
•
John C.Rltodolpb,Esquire
Meet (S6I)650.04311
remsf:jrendotphatanorfoetar com
June 21,2001 VIA PAX:575.6203
Stephen J.Allison,
Acting Village Manager
Village of Tequesta
Post Office Box 3273
Tequesta,Florida 33469-0273
RE: Village of Tequesta
JMZ Tequesta Properties,Inc.
Tequesta Village Center
Swap of Parcel No. 1 and Parcel No.2
Our File No. 13153.1
Dear Chief Allison,
Mike Couzm,before he left on vacation.passed ue to me the terms that JMZ indicated to him would
be acceptable in regard to going forward withtbo swap relating to the above referenced trazrisacdon.
Because JMZ failed to close pursuant to the terms of the agreement between the Village and JMZ,
these proposals, if approved by the Village, would necessitate amendments to the existing
agreement It is my understanding that this matter will be considered by the Village Council at its
meeting of July 12,2001. These terms as they were related to me are as follows:
1. The swap will go forward and the Village will be given 18 months from the date of the swap
TO build and in the event they do not build in that time JMZ buys the property back.
2_ The amount of the buyback is the purchase price less 10%.
3. The Village,at its option,during any time during the 18 month period can exercise its option
for the buyback with 60 days notice to JMZ.
4. The tenants in the minting building w11I be notified upon closing that they have nine months
from the date of closing to vacate the premises.
JUN-22-01 09:57 FROM. VILLAGE OF TEQUESTA D. S615756203 PAGE 2
JUN.21.2001 3:43PM JONES FOSTER JOHNSTON & STUEIa$ NO.026 P.2/2
Steven£Allison
June 2 1,.2001
Page 2
5. The Village will pay property taxes an the Village's parcel of property a z d JMZ will be paid
a fee of$10,000.00 per month until the Village builds or JMZ buys the property back.
Please coafuxn if these terms are consistent with your understanding.
If you have any questions or conuueaita in regard to this matter,please do not hesitate to contact me.
Sincerely,
JONES,POSTER,JOHNSTON&STUBBS,PA,
-14/
John C.Randolph
JCPAsm