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File #: 21-1038    Version: 1 Name: 5th Amendment to Agreement for Purchase and Sale Sheridan Street Business Center
Type: Agreements/Contracts Status: Passed
File created: 11/16/2021 In control: City Commission
On agenda: 12/1/2021 Final action: 12/1/2021
Title: MOTION TO AUTHORIZE THE PROPER CITY OFFICIALS TO EXECUTE THE FIFTH AMENDMENT TO THE AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY FOR THE WETLANDS PORTION OF SHERIDAN STREET BUSINESS CENTER, LOCATED ON SHERIDAN STREET AND NW 199 AVENUE, OWNED BY ALEXIS M. BAKER, EDWARD BAKER, II, AND STEPHANIE L. BAKER.
Sponsors: Planning and Economic Development Department
Attachments: 1. 1. 5th Amendment to Agreement for Purchase and Sale -Executed, 2. 2. Sheridan Street Business Center- Agreement for Purchase and Sale with Amendments, 3. 3. Sketch and Legal-SheridanStBusinessCenter, 4. 4. Bergeron-Sheridan Street LLC Ltr to City of Pembroke Pines.Request for 5th Amendment
Title
MOTION TO AUTHORIZE THE PROPER CITY OFFICIALS TO EXECUTE THE FIFTH AMENDMENT TO THE AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY FOR THE WETLANDS PORTION OF SHERIDAN STREET BUSINESS CENTER, LOCATED ON SHERIDAN STREET AND NW 199 AVENUE, OWNED BY ALEXIS M. BAKER, EDWARD BAKER, II, AND STEPHANIE L. BAKER.


Summary Explanation and Background

SUMMARY EXPLANATION AND BACKGROUND:
1. On November 19, 2013, the City Commission authorized the proper City Officials to execute the Agreement for Purchase and Sale of Real Property for the wetlands portion of Sheridan Street Business Center, located on Sheridan Street and NW 199 Avenue, owned by Alexis M. Baker, Edward Baker, II, and Stephanie L. Baker.

2. On December 16, 2015, the City Commission approved the first amendment to the purchase and sale agreement. The First Amendment updated the Seller's address and extends the closing date from December 31, 2015 to June 30, 2017.

3. On June 7, 2017, the City Commission approved the second amendment to the purchase and sale agreement. The second amendment to the purchase and sale agreement extended the closing date from June 30, 2017 to December 31, 2018.

4. On October 3, 2018, the City Commission approved the third amendment to the purchase and sale agreement. The third amendment to the purchase and sale agreement extended the closing date from December 31, 2018 to December 31, 2020.

5. On August 5, 2020, the City Commission approved the fourth amendment to the purchase and sale agreement. The fourth amendment to the purchase and sale agreement extended the closing date from December 31, 2020 to December 31, 2021. On the same agenda, the City Commission approved resolution 3708 regarding a corrective quit claim deed for the same property.

6. The proposed fifth amendment to this agreement further extends the closing date from December 31, 2021 to December 31, 2022.

7. The extension is necessary in order to allow the property owner sufficient time...

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