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Agreement2,.58 8 8R30 + I ~ '~:;,~G REEMENT ! 3010 - 3 In recognition of the concerns of the City of Miami Beach and of the 'undersigned regarding the future development of that property more particularly described as: A tract or parcel of land and accreted land located in Section 10, Township 54 South, Range 42 East, Dade County, Florida being more particularly described as follows: For a Point of Beginning commence at a 10-inch-square concrete monument located on the northerly boundary of the U.S. Army Corps of Engineers Reservation, being the westernmost corner of Lot 6, Block 4 of~uth_B~eac~b~9.~,__~g s shown in Plat Book 6, Page 77, of the public records of Dade County; said monument designated "C" having grid coordinates of X-784,440.39 and Y-521,912.47. Said monument also lies approximately South 24°27'26'' West a distance of 592.30 feet south of and North 65o35'16'' East a distance of 554.97 feet west of the northeast corner of the northwest 1/4 of Section 10, Township 54 South Range 42 East. From said Point of Beginning run thence South 24025'50'' West a distance of 420.~3 feet, more or less, to the Mean High Water (M.H.W.} line of the northerly shoreline of the "Covernment Cut" for the entrance channel of the Miami Harbor; thence North 65o35,19'' West ~long said M.H.W, line a distance of'261.59 feet to a point on a bulkhead; thence North 31008'28'' West along; said bulkhead a distance of 242.83 feet to U.S. Ar'my Corps of Engineers Monument "Virgil" having a grid coordinate of X-783,902.72 and Y-521,845.63; thence North 57o41,41" East a distance of 226.20 feet to Monument "West" having a grid coordinate of X-784,093.91 and Y-521,966.52; thence North 87o38'37'' East a distance of 208.58 fee? to Monument "G", having a grid coordinate of X-784,302.32 and Y-521o975.14; thence South 65o35'12" East a distance of 151.63 feet to Monument "C" and the Point of Beginning. The above-described tract or parcel of land contains 3.~0 acres, more or less. The bearings and distances stated herein are based on the Mercator System. In consideration of ten dollars ($10.00) and other good and valuable consideration from the City of Miami Beach, the receipt of which is hereby acknowiedged, and in order to bind the City of Miami Beach to negotiate a Development Agreement in good faith, Cook Inlet Regin, Inc., {hereinafter CIRI), hereby agrees to enter into a Cooperative Development Plan with the City of Miami Beach, whose address is 1700 Convention Center Drlve, Miami Beach, Florida 33139, upon formulation of plans for development of the above-described property. RETURN TO: ARNOLD M. WEINER, CITY ATTORNEY 1700 Convention Center Drive Miami Beach, Florida 33139 (305) 673-7470 6~ ~g 9g 9g 1. In the regular course of development of the property, CIRI will provide a coastal walkway easement, of a width of up to 75 feet as determined by the site plan, linking the City Park and the City Marina. Within that easement CIRI will build, at its cost, a walkway or promenade that will include appropriate landscaping, street furniture and pedestrian-oriented amenities as part of its overall site development. 2. CIRI will also include in its development some facility appropriate for use by the community such as a pavilion, a gallery or facility that would be compatible with the commercial activities of the CIRI development, provided that the provision of such a facility shall not affect the size, etc. ~'f the projAEt that CIR! could otherwise develop if the facility were not incorporated (i.e., the facility shall not be included in density determinations, lot coverage limits and other applicable land use requirements). 3. ClRI further agrees to provide the City with an easement where Washington Avenue serves as ioint access to the property of both CIRI and the City. q. No development of said property shall occur without the above three interests being included in such development. ClRI agrees that the provisions contained herein shall inure to the benefit of the City of Miami Beach and shall run with the above-described property and be binding on all successors in Interest and assigns of CIRI. DATED this ~_.~r-day of August, 1985. COOK INLET REGION, INC. l~ii~l~ctMoCr?e~_,a~d planning& Development The foregoing instrument was acknowledged before me this ,/z~7~ day of August, 1985 by Kirk McGee, Director of Land Planning and Deve op--~'~p-~nt, Cook , Ihlet Region, Inc., an Alaska Corporation, on behalf of the Corporation. ar,~r~[~r the State o¢ Alaska My (r.o'm~ission expires _~