HomeMy WebLinkAboutAgreement_General_08/13/2005 TERMINATION AGREEMENT
BETWEEN THE VILLAGE OF TEQUESTA, BAYVIEW TERRACE HOMEOWNERS
ASSOCIATION AND SHADY LANE HOMEOWNERS ASSOCIATION
REGARDING HOMEOWNERS' ASSOCIATIONS PARK
_ u 1 '
This Termination Agreement is made and entered into this day of Jui e, d
2005, by and between the VILLAGE OF TEQUESTA ( "Village "), a municipal corporation
located in Palm Beach County, Florida, BAYVIEW TERRACE HOMEOWNERS
ASSOCIATION ( "Bayview Terrace "), a homeowners association with certain
responsibilities to manage the common areas of the Bayview Terrace neighborhood
located within the jurisdictional boundaries of the Village, and SHADY LANE
HOMEOWNERS ASSOCIATION ( "Shady Lane "), a homeowners association with
certain responsibilities to manage the common areas of the Shady Lane neighborhood
located within the jurisdictional boundaries of the Village.
RECITALS:
WHEREAS, the parties entered into a certain Agreement attached hereto and
dated on or about October 9, 2004, (the "Agreement "), regarding landscaping
improvements at a recreation area located within the neighborhoods of the homeowners
associations of Bayview Terrace and Shady Lane; and
WHEREAS, the parties desire to terminate the Agreement as hereinafter
provided.
ACCORDINGLY, in consideration of the mutual representations, warranties,
covenants and other terms and conditions contained herein, and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, the parties
agree as follows:
1. Bayview Terrace and Shady Lane shall refund the total sum of $2,300.00
to the Village of Tequesta that was donated to the homeowners associations for the
sole purposes of acquiring and planting sod at the recreation area.
2. The Agreement referenced above and all of the responsibilities of the
parties pursuant to the Agreement shall be terminated on or beforwf" l f 2005.
The effective date of termination shall be the date upon which the total refund is
received by the Village of Tequesta, but in no event later than '�5 2005.
3. Apart from the refund referenced above, the parties assume no other
obligations in connection with this Termination Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Termination
Agreement as of the date and year first above written.
BAYVIEW TERRACE HOMEOWNERS ASSOCIATION
Its:
SHADY LANE HOMEOWNERS ASSOCIATION
By:
Its:
VILLAGE OF TEQUESTA
Michael Co izo
Its: Village Manager
N: \SGH \13153- 1\Agreements \Shady Lane - Bayview Re Park termination.doc
GRETA JEAN F1SCHER
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BAYVIEW TERRACE HOMEOWNERS 575,
ASSOCIATION INC . 63- 8376/2670
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