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Addendum to Amendment Addendum to Amendment One to Interlocal COOl)eratlon Agreement Dated June 21.1996 Between Miami-Dade CounQ' and the City of Miami Beach The purpose of this Addendum to Amendment One to Interlocal Cooperation Agreement dated June 21, 1996 between Miami-Dade County and the City of Miami Beach ("Addendum") is to clarify Section IV A 2,3,4 and 5 of the Amendment One to Interlocal Cooperation Agreement dated June 21, 1996 between Miami-Dade County and the City of Miami Beach. Section IV A 2, 3, 4 and 5 of Amendment One is amended to read as follows: IV, MUTUAL OBLIGATIONS AND RESPONSffilLITIES A. ANNUAL PAYMENT 2. Commencing October 1,2005 and ending September 30, 2016 the County shall annually appropriate and remit to the City no later than January 1 of the following year an annual amount equal to fifty percent (50%) of the difference between (a) the amount of general Countywide operating ad valorem taxes levied each year by the County, exclusive of any amount from any debt service millage, on the assessed value of the taxable real property contained within the geographic boundaries specifically described in Exhibit A to this Amendment and (b) the amount of general Countywide operating ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by Elr fer eaeli tftniflg atHherity the County, exclusive of any debt service millage, upon the total of the assessed value of the taxable real property in the geographic area specifically described in Exhibit A for the tax year 1976. The total amount remitted by the County to the City shall be expended by the City for projects within the geographic area specifically described in Exhibit A. 3. Commencing October 1,2005 and ending September 30,2016 the County shall annually appropriate and remit to the City no later than January I of the following year an annual amount equal to twenty-five percent (25%) of the difference between (a) the amount of general Countywide operating ad valorem taxes levied each year by the County, exclusive of any amount from any debt service millage, on the assessed value of the taxable real property contained within the geographic boundaries specifically described in Exhibit A to this Amendment and (b) the amount of general Countywide operating ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by eP fer aaak tftniflg atHIierity the County, exclusive of any debt service millage, upon the total of the assessed value of the taxable real property in the geographic area specifically described in Exhibit A for the tax year 1976. 4. Commencing October 1,2016 and ending September 30, 2020 the County shall annually appropriate and remit to the City no later than January 1 of the following year an amount equal to fifty percent (50%) of the difference between (a) the amount of general Countywide operating ad valorem taxes levied each year by the County, exclusive of any amount from any debt service millage, on the assessed value of the taxable real property contained within the geographic boundaries specifically described in Exhibit A to this Amendment and (b) the amount of general Countywide o.peratini ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by er fer eaak taltffig atHherity the County. exclusive of any debt service millage, upon the total of the assessed value of the \ taxable real property in the geographic area specifically described in Exhibit A for the tax year 1976. The total amount remitted by the County to the City shall be expended by the City for projects within the geographic area specrtfically described in Exhibit A. 5. Commencing October 1,2005 and ending September 30, 2020 the City shall annually appropriate and expend within the geographic boundaries specifically described in Exhibit A to this Amendment an annual amount equal to fifty (50%) of the difference between (a) the amount of ad valorem taxes levied each year by the City, exclusive of any amount from any debt service millage, on taxable real property contained within the geographic boundaries specifically described in Exhibit A to this Amendment and (b) the amount of City , ad valorem taxes which would have been produced by the rate upon which the tax is levied each year by elf fef aBeft taltiHg 8lIt1ierity the City, exclusive of any debt service millage, upon the total of the assessed value of the taxable real property in the geographic area specifically described in Exhibit A for the tax year 1976. A new Subsection IV A 9 is added to read: 9. The Terms. .. ~eneral Countywide ad valorem O,peratini taxes" a~ used in paraifllphs A 2. 3 and 4 and .. ad valorem taxes levied by the City" as used in para~h A 5 are defined to exclude taxes from taxinljl authorities exempt from the reQJ.lirements of Section 163.387 (2) (~FS. Steve Shiver County Manager Miami-Dade County APPROVED AS TO FORM AND LEGAL SUFFICIENCY: APPROVED AS TO FORM AND LEGAL SUFFICIENCY G~/f&fJ-- ~?~ City Clerk Assistant County Attorney Clerk of the Board , ... ... - '" ! - S - ;&! ... - .. ... - ... - I .~ < i I ... ., 1 .... ,Q l!5 .... ~ ! - ~ - - I::( ~ ~ ... .. II ~ I ROUNDAAY DESCRIPT:nN Th. South Beach Redevelc~~~nt ~rojoct A~aa. hereinaftar called the "~roJect ~r~a". is da\ine3ted on the Project Boundary and r.and U.. Plan Ma~ desiqnaeed as r.xhibit A. 3nd is more ~ar- t1cularly describod a. !ollow'l All that real ~ro~.rty in the City of Miami ..ach. COunty ot Dad.. Stat. of Florida. within the tol10w1n;-d..cribed boundarie.: 'e;1nn1n; at the Northw.sterly corner of LOT 2, BLOCK 1. rLF.E~~OOO SUBDIVISION accord in; to THE AMENCED PLAT thereof a. recorded in Plat Book 2B. Pa;034 ~f the Public Record. of Cade County. Flori=a, Thence run Ea.terly a10n; the Northerly line of ..1d LOT 2 for a d~s- tance of 150.1 feet more or le.. to a point. said point beinq the Northea.terly corn.r of .aid LOT 2: Th.nce continue alon; above mentioned cour.. for a d1.tance of 50 fee" more or 1.... acro.. We.t Avenu.,to the inters.ct1on with We.terly 11n. of BLOCK 2. ~IETWOOD SUBDIVISION, accord in; to the AM~CED PLA7 thereot a. r.corded in 'lat look 21. pa;. 34 of the Public Recorda of Cade County, Florida: Thence run Southerly a10n; the We.terly line ot ..1d IL~ 2 for a . d1.tanc. of 160.3 f.et more or le.. to a point. ..1d point bein; a ~ Point of CUrvature (P.C.) of a circular curv. concave to the Northe.s~ an~ havin; tor it. elem.nt.a radius of 15 teet and a central an;l. 0: 90 : " Thence run alon; ..id circular curve an arc d1.tance at 23.~ !eet more or less to the Point of Tan;ency (P.T.): Thence Easterly alon; th~ Northerly line of Sixth Street for a distanc of 2619.4 feet more or le.. to the Point ot Inters.ction with the Ea.t.rly line ot Wa.hin;ton Avenue: Thence run Southea.tarly alon; .aid Easterly 11n. of Wa.hinqton AVen~e for a"di.tanc. of 164.3 t.et more or le.. to the ~o1nt of Inter..ctic wjth the North.rly line of . 20 foot al1.y known ~re.ently a. Sixth Street: Thence run Ea.terly alon9 the Northerly lin. of ..id Sixth Stre.t for a di.tanee of 713.7 teet more o~ le.. to the Point of Inters.etier with the Ea.terly line of Oc..n Driv.: . Th.ne. cont1nu. alon;" above d.sc~ibed cours. (Northerly 11ne of Sixth Str.et ~roj.cted Eastorly) tor a distance of 1400 feet mo~. or less to a point: Thane. ~Yn Southwesterly alonq tho line parallel to and 1680 teet . \ \ . ) 6 , ,. more or lo~.,~~~t.rLy ot Lhn ~~~t 11"0 of ~ollln. Avenue lor a ~~~t~r of 2800 teet moro or 1..."s tu a [.Qlnt: '['honee run S.:IuthQ"stnrLy 3t >In ""'llt:! of ?CO wiLh t.ho prl!vl"us course at a d1>>taneet of 6,,0 tuot Inore or 1,',,,. t.o a point; Thonee run Southwostorly at an ~nql. of 900 with the prevlcus course a di.tllne. ot 2100 feet n.oro or Ie... to a point: 'rhon~et run Westerly nlonq the lino p~r~llel to and 300 teet more or 10.. South of the Northerly limit. of Government CUt tor L distance of 3900 teot anore or Ie.. to a point: Thenee run Northw....torly alonq tho line parallel to and 620 teet ~o.e or 1... Southwft.t of Qxistinq bulkhead line (M,H.W. Line) tor a d1s- taneo of 1000 t~ot moro or 10.. to a point: Thene. run Southwe.tetrly at an anql. of 900 with the previous course a distance of 9S foet more or 10.. to a point: Thence run Northwoster1y at an anqle of 900 with the previous course a di.tanee of 500 tOllt Ino~e or 1.s. to a point: Thence run Northea.ter1y at an anq1e of 900 with the prev1ou. course for a distance of 95 teet more or le.. to a point: , , Thence run Northwe.terly along the line parallel to and 620 teet ~ore or le.s Southwe.t of existinq bulkhead line (M.H.W. Line) tor a dis- tance of'2500 teet more orle.. to a point: , Thence Ea.terly alonq the line parallel to and 175 teet more or less · North of the North line of Sixth Street produced Westerly tor a dis- tance of 930 teet more ~r 1es. to the Point ot Beq1nninq. \ \ ) 9