TERMINATION OF COMPLETION GUARANTEE

lIaay of

This Termination of Completion Guarantee is made this / S-

2005

Donahue
by R.

Beach Redevelopment

the "Agency") and the City of Miami Beach,

politic (

public body corporate and

corporation of the State of Florida (

municipal

Guarantor") and Miami

"

Peebles ( the

of the
and RDP

Hotel

Royal

Tenant; and

the Project, as those capitalized

confirm that

the

terms

Whereas,

the

acknowledged, the

parties

has

that

the

valuable

Guarantor

consideration, the receipt

obligations

of the

has

this Termination of

and

in

Developer

to

Finally

in the Completion Guarantee,

consideration of the

adequacy of

that the Completion Guarantee

is

premises

which

and for

are

hereby

terminated and has no further force and

no existing

or further obligations thereunder.

delivered

as Owner,

no further force or

acknowl-edge

effect and

Lease between Agency,

of

development

fulfilled; and Whereas, the parties hereto wish to acknowledge and

Completion Guarantee

and

the Agency and the City that

are defined

effect and is terminated.Now, therefore,

other good

Hotel Limited

Palm

have been

f 17#11 ./
1998 relative to the

as contemplated by the Agreement

Partnership, as

Complete

dated ~

Completion Guarantee

Florida,

Agency,

the "

City").
Whereas, Guarantor previously delivered to

certain

flcblil....

In

witness whereof, the parties have executed and

Guarantee Agreement the day and the

year

State of Florida )

County of Miami- Dade )

y appeared before me, the underknown to me personally to be the persigned authority, R. DONAHUE PEEBL S, who is
who produced a valid Florida driver' s license
son who is subscribed to the within instrument_
and acknowledged to me that he executed the within instrument in the space provided.

day of

On the ~

NOTARY

ar

SEAL)

Print Name:

H~

VI,,&:~'!.Nathalie

Legagneur

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CH REDEVELOPMENT u lie

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sses:ct!~~~;\Print Name:

No.AGENCY

d{

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1'

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ATTEST: 0 By:

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Robert Parcher, Secretary STATE

OF FLORIDA ) SS: COUNTY

OF MIAMI-DADE)BEFORE

ME, the

appeared David Dermer, Chairman and Robert Parcher, Secretary, of

the
REDEVELOPMENT AGENCY, a public body corporate and politic,to me known to be
the persons who signed the foregoing instrument and acknowledged the execution thereof to be the act and deed
of said Agency for the uses and purposes therein mentioned, and that they
affixed thereto the official seal of s~&~
such individual is personally known to me
produced
or
undersigned authority, personally

MIAMI BEACH

a valid

s
FOR

drive'

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EXECUTION1fl-' Redev lopment

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Witness my hand and official seal in the County and State last aforesaid this ,,
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J ATTEST: ~By:
Jihu

t atdw--Robert Parcher,
City Clerk STATE

COUNTY
OF FLORIDA )SS:

OF MIAMI- DADE )BEFORE

Parcher, City Clerk of

ME,the undersigned authority, personally appeared David Dermer, Mayor and
the CITY OF MIAMI BEACH, a Florida municipal corporation, to me known to be
the persons who signed the foregoing instrument and acknowledged the execution thereof to be the act and deed
Robert

of said

City for the uses and purposes therein mentioned, and

official seal

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City.

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