18-FINALSouthMiamiAddendumAddendum to Property Disposition Services Agreement
This addendum is attached to and made part of The City of South Miami’s Property Disposition
Services Agreement dated _________ (the “Agreement”). In the event of a conflict between
the provisions of the main body of the Agreement and this Addendum, this Addendum
shall govern.
The Agreement is modified as follows:
The attached Free Tow Letter dated March 16, 2011 shall become a part of the contract.
Paragraph 5: Entitled “Allocation of Sales Proceeds:” shall be amended as follows
The following language shall be added to Sub Section 6: Disposal of Un-sold Property:
It is fully understood and agreed upon by both parties, that the City of
South Miami, will NEVER incur any Fees, Bills or additional costs for the Disposal of unsold
property that was to be auctioned by Propertyroom.com.
Paragraph 13: entitled “Limitations on Liability:” shall be amended as follows:
The sentence beginning with the phrase “THE MAXIMUM LIABILITY" and
ending with the word "ACCRUES" shall be deleted. The sentence beginning with
"NOTWITHSTANDING" and ending with the word "PRECEDENT" shall be
deleted.
Paragraph 14: entitled “Assignment:” shall be amended as follows:
The sentence beginning with the word "Notwithstanding" and ending with the
word "Agreement” shall be deleted. The phrase “ an assignment, to any subsidiary
or affiliate or third party acquisition” shall be deleted. The phrase "nor any
assignment by operation of law by either party” shall be deleted The sentence
beginning with the word "Subject" and ending with the word "hereto” shall be
deleted
Paragraph 18: entitled “Attorney’s Fees and Legal Expenses:” shall be amended as
follows
This Paragraph is deleted in its entirety.
______________________________ _______________ Date
for “Owner”
______________________________ _______________ Date
for PropertyRoom.com Inc.