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2016-96 CODE ENFORCEMENT CITY OF CLERMONT,FLORIDA CITY OF CLERMONT Case No: 2013-973 214 2"d Street Petitioner, Clermont, Florida vs. BANK OF CAMDEN Respondent, I STIPULATION City of Clermont (City) and Apex Bank, (Apex), 430 Montbrook Lane, Suite 207-208, Knoxville, TN 37919 as the successor in interest from Respondent of the property located at 214 2"d Street,Clermont, FL, agree as follows: 1. Apex shall on or before the expiration of thirty (30) days from the execution of this stipulation by City act as follows: a) Pay to City the sum of TEN THOUSAND DOLLARS ($10,000). b) Obtain a demolition permit from City for any and all structures currently existing on the property located at 214 2"d Street and, within thirty (30) days of the issuance of the permit, complete the demolition in accordance with the issued permit, including but not limited to, approval by City of all applicable inspections. 2. In the event that Apex timely performs and complies with all of the terms and conditions set forth in paragraph 1, above, the City shall satisfy in full any and all liens imposed by the City in the above-styled matter and shall record the applicable satisfactions in the public records of Lake County, Florida. 3. In the event that Apex fails to timely perform and comply with any of the terms and conditions set forth in paragraph 1, above, the City shall be entitled to immediately pursue any and all remedies available to it at law, including, but not limited to, at City's option, either or both of the remedies set forth below: a) Demolition or abatement by City of any and all structures on the subject property. For purposes of this paragraph, the failure of Apex to timely perform pursuant to 1 this stipulation shall be deemed an express consent for City, or its subcontractor, to come onto the property, demolish the structure and impose a lien on the property in the amount of the demolition. Apex further agrees that it waives all rights and entitlement to challenge said demolition and holds harmless and releases City, its employees and subcontractors from any and all claims or cause of action of any kind it may have against them related to the demolition pursuant to this paragraph. b) Initiate and pursue foreclosure or enforcement of the code enforcement lien imposed in the above-styled matter and any demolition or abatement lien imposed. For purposes of this paragraph, in the event foreclosure or enforcement is initiated by the City, Apex expressly waives any rights or defenses to challenge the validity or enforcement of the code enforcement or demolition lien, including, but not limited to the imposition thereof and compliance with the requirements of Chapter 162,F.S. 4. City and Apex acknowledge that they have each had the opportunity to, and have, consulted with legal counsel of their own election and are fully advised in, and understand, the premises and terms and conditions contained herein. of#, ont Apex Ban Da rigli i•, City Man ager 0.4641 > to :►P., L ers As authorized by the City Council Printed name and Title MAAAGek Date: 12.1K Igo Date: Attest: Tracy Akroyd Howe, City Clerk • 2