Memorandum Of Ground Lease AgreementThis Instrument Prepared By,
Record and Return to:
Steven D. Gonzalez, Esq.
Weinberg Wheeler Hudgins Gunn & Dial
3350 Virginia Street, Suite 500
Miami, FL 33133
2021-31554
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MEMORANDUM OF GROUND LEASE AGREEMENT
THIS Memorandum of Ground Lease Agreement ("Memorandum") is dated as of this 1 st
day of June, 2023, by City of Miami Beach, Florida ("Landlord") and CFC-MB I, LLC, an Arizona
limited liability company ("Tenant").
WITNESSETH:
1. Landlord, on the one hand, and Tenant, on the other hand, have entered into that
certain Ground Lease Agreement, dated as of June 1, 2023 (the "Lease").
2. Premises. Pursuant to the Lease, Landlord leases the following premises
("Premises") to Tenant: 224 23rd Street, Miami Beach, FL 33139, as more particularly described
in Exhibit "A" attached hereto.
3. Term and Renewal. The term of the Lease commenced on June 1, 2023, and
terminates on May 31, 2073, and the Tenant has the right of two twenty (20) year renewals,
provided that the Lease is in good standing. All terms of the Lease are incorporated herein by
reference.
4. No Purchase Option. Tenant has no option to purchase the Premises.
5. Florida Statutes, Section 713.10. Pursuant to Florida Statutes, Section 713.10, all
persons dealing with Tenant relating to the Premises are hereby given notice that Landlord shall
not be liable for any work performed or to be performed on the Premises for Tenant, and that
Tenant has no authority whatsoever to subject Landlord's interest in the Premises to any liens for
labor, service or materials provided to Tenant. All materialmen, contractors, mechanics and
laborers, and any other persons contracting with Tenant for the demolition, construction,
installation, alteration or repair of any improvements on, within or about the Premises, are hereby
further charged with notice that they must look only to the Tenant and to any such Tenant's interest
in the Premises to secure payment for any work done or material furnished at the request or
instruction of Tenant.
6. Purpose. The sole purpose of this instrument is to give notice of the Lease. In the
event of any inconsistency between this Memorandum of Lease and the Lease, the Lease shall
control.
IN WITNESS WHEREOF, the Landlord and the Tenant have caused this
MEMORANDUM OF GROUND LEASE AGREEMENT to be duly executed in duplicate
counterparts each of which shall be deemed to be an original, the day and year first above written.
Signed, sealed and delivered
in the presence of:
Print Name: e m e
Print Name:
ATTEST
LANDLORD:
CITY OF MIAMI BEACH, FLORIDA, a
Florida municipal corporation
By; '..
T
tna T •NUJ qr , City Manager
Approved for form and legal sufficiency
JUN — 5 ?Q�3
By:_/9 By:
Ci Clerk r�v- City Attorney
STATE OF FLORIDA )
MIAMI-DADE COUNTY
The foregoing instrument was sworn to and subscribed before me by means of [ ] physical presence
or [ ] online notarization thisAay of June, 2023, by j 109 � k , City Manager of
theeCi of Miami Beach, a Florida municipal corporation, who xj is personally known or [ ] has produced
� v/as identification. She, as such officer and with full authority, executed the same
voluntarily for and as the act of the City of Miami Beach.
Commission Expires: 9 _1S .2
'.c GUADALUPE C. RAMOS
,= MY COMMISSION I GG 985873
EXPIRES: September 8, 2024
Sondod Thru Notary Public UndemmTs
2
umber:
�G 9�5FO
.......
CORP DDRATED:'
TENANT
CFC-MB I, LLC, an Arizona limited liability company
By: Community Finance Corporation, an Arizona
nonprofit corporation, its sole member
By:
Name: Michael S. Hammond
Its: President
STATE OF §
COUNTY §
The foregoing instrument was sworn to and subscribed before me by means of [ ] physical presence
or [ ] online notarization this _ day of June, 2023, by Michael Hammond, President of Community
Finance Corporation, an Arizona nonprofit corporation, the sole member of CFC-MB I, LLC, a
Florida limited liability company, who [ ] is personally known or [ ] has produced as
identification. He, as such officer and with full authority, executed the same voluntarily for and as the act
of said CFC-MB I, LLC.
GIVEN UNDER MY HAND AND OFFICIAL, NOTARIAL SEAL this day of
, 2023.
(SEAL)
Notary Public
My commission expires:
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EXHIBIT A
LEGAL DESCRIPTION OF THE PROPERTY
A PORTION OF LOTS 7,9 AND 11, BLOCK 2, ACCORDING TO THE PLAT OF "AMENDED MAP OF THE
OCEAN FRONT PROPERTY OF THE MIAMI BEACH IMPROVEMENT COMPANY", AS RECORDED IN PLAT
BOOK 5 AT PAGE 7 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, LESS THE NORTHERLY
10 FEETTHEREOF FOR RIGHT-OF-WAY, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHWEST CORNER OF SAID LOT 11; THENCE ALONG THE WEST LINE OF SAID LOT
11 ALSO BEING THE EAST RIGHT-OF-WAY LINE OF LIBERTY AVENUE, SOUTH 19°24'55" WEST 10.00 FEET
TO POINT OF BEGINNING.
THENCE ALONG SOUTH RIGHT OF WAY LINE OF 23rd STREET SOUTH 70°05'35" EAST 150.01 FEET;
THENCE ALONG EAST LINE OF SAID LOT 7, SOUTH 19°54'25" WEST 88.56 FEET; THENCE NORTH
70005'35" WEST 14.00 FEET; THENCE SOUTH 19°54'25" WEST 15.14 FEET; THENCE NORTH 70°05'35"
WEST 136.01 FEET; THENCE ALONG SAID WEST LINE OF LOT 11 AND SAID EAST RIGHT -OF WAY LINE OF
LIBERTY AVENUE, NORTH 19°54'25" EAST 103.70 FEETTO THE POINT OF BEGINNING.
SAID LANDS SITUATE, LYING, AND BEING IN THE CITY OF MIAMI BEACH, MIAMI-DADE COUNTY,
FLORIDA.
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