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2009-27113 ResoRESOLUTION NO. 2009-27113 A RESOLUTION OF THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING AN EASEMENT AGREEMENT FROM 1100 LINCOLN ROAD L. P., AS THE OWNER OF THE PROPERTY LOCATED AT 1100 LINCOLN ROAD (REGAL CINEMA BUILDING), FOR THE INSTALLATION, MAINTENANCE, AND REPAIR OF A SIDEWALK WITH PEDRA PORTUGUESA FINISHES ON A PORTION OF THE ABOVE MENTIONED PROPERTY ADJACENT TO THE RIGHT-OF-WAY. WHEREAS, UTA Management, LLC (Developer) is the owner of certain land with address 1111 Lincoln Road, Miami Beach (the 1111 Lincoln Road Property), located adjacent to and north of that portion of Lincoln Road, between Lenox Avenue and Alton Road (1100 Block of Lincoln); and WHEREAS, the Design Review Board (DRB) of the City approved the renovation of the existing office building, the construction of a two story mixed use building and new seven story mixed-use parking structure on the 1111 Lincoln Road property (collectively, the 1111 Lincoln Project), pursuant to an Order dated February 7, 2006, under DRB File No. 19018 (the DRB Order); and WHEREAS the Board of Adjustment of the City approved the 1111 Lincoln Project, pursuant to an Order dated March 3, 2006, under File No. 3178 (the BOA Order); and WHEREAS, as a condition under each of the DRB Order and the BOA Order, the Developer, as the owner of the 1111 Lincoln Road Property, was required to enter into discussions with the City to explore the possibility of closing the block of Lincoln Road, between Lenox Avenue and Alton Road, to vehicular traffic, and extending the Lincoln Road pedestrian mall west to Alton Road; and WHEREAS, on July 9, 2008 the Developer acquired City right-of--way permit for construction of the 1100 Block of Lincoln Road; and WHEREAS, the Developer is in the process of reconstructing the 1100 block of Lincoln Road, including a portion on private property south of and adjacent to the right-of-way; and WHEREAS, the private property south and adjacent to the right-of--way of Lincoln Road is the Regal Cinema Building, 1100 Lincoln Road; and WHEREAS, the City would need an easement agreement from the Regal Cinema Building in order to install and maintain the new sidewalk with Pedra Portuguesa finishes within the required vicinity; and WHEREAS, the Regal Cinema Building is owned by 1100 Lincoln Road L.P., a Delaware limited partnership; and WHEREAS, 1100 Lincoln Road L.P. has granted the Citythe attached Easement Agreement for such purposes. 2009-27113 NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accepts an Easement from 1100 Lincoln Road L.P., as the owner of the property located at 1100 Collins Avenue (Regal Cinema Building), for the installation, maintenance, and repair of a sidewalk with Pedra Portuguesa finishes on a portion of the above mentioned property. PASSED and ADOPTED this 15thday of Juiy , 2009. A E T: ~, lJ Q1~. ~'1 CITY CLERK Robert Parcher M YOR Matti Herrera Bower T:\AGENDA\2009\July 15\Consent\1100 Lincoln Rd Easement RESO.doc APPROVED AS TO FORM ~ Lp-NGUAGH ~ FOR EXECUTION -2 .l-.dos COMMISSION ITEM SUMMARY Condensed Title: A Resolution Accepting An Easement Agreement From 1100 Lincoln Road L. P., As The Owner Of The Property Located At 1100 Lincoln Road (Regal Cinema Building), For The Installation, Maintenance, And Repair Of A Sidewalk With Pedra Portu uesa Finishes On A Portion Of The Above Mentioned Pro a Ad'acent To The Ri ht-Of-Wa . Key Intended Outcome Supported: Ensure well maintained infrastructure. Supporting Data (Surveys, Environmental Scan, etc.): Improvements to the 1100 block of Lincoln Road satisfy the City's Key Intended Outcomes (KIO): Ensure Well j Maintained Infrastructure. Issue: Shall the Ma or and Ci Commission a rove the Resolution? Item Summary/Recommendation: The developer (UTA Management, LLC) of the parking garage at 1111 Lincoln Road encouraged by Design Review Board, developed conceptual design plans to construct a pedestrian mall on the 1100 block of Lincoln Road. On January 25, 2007 the Finance and Citywide Projects Committee approved the development agreement and recommended submitting to commission for approval. On March 14, 2007 the City Commission approved, on second reading, the development agreement between the City and UTA Management, LLC (UTA). The agreement includes design development and construction of streetscape, street furniture, landscaping, decorativefountain/waterfeatures and corresponding lighting, irrigation and drainage system. The new public pedestrian plaza surface will be constructed with Pedra Portuguesa. To maintain consistencywith the Pedra Portuguesa design, the new sidewalk extends beyond the public right-of-way along the south side of Lincoln Road onto the adjacent property (Regal Cinema Building). To effectively complete the construction and to facilitate future maintenance of the proposed Pedra Portuguesa sidewalk, the City will need a permanent sidewalk maintenance easement from the property owner of the Regal Cinema Building, 1100 Lincoln Road L.P., located at 1100 Lincoln Road. The easement will allow the City to complete the reconstruction of Lincoln Road, harmonize the proposed sidewalk design with the existing business entryway elevations and connect the proposed sidewalk with the existing business entrances. The City met with representatives of the Regal Cinema Building and the property owner agreed to provide the City with a permanent sidewalk maintenance easement for construction of the new sidewalk (see attached). The owner of the property, 1100 Lincoln Road L.P., will provide the City with a permanent maintenance easement, for the construction, installation, operation, maintenance and repair of a new sidewalk (finished in Pedra Portuguesa). THE ADMINISTRATION RECOMMENDS APPROVAL OF THE RESOLUTION. Board Recommendation: Financial Information: Source of Amount Account Funds: ~ 3 OBPI Total Financial Impact Summary: Cit Clerk's Office Le islative Trackin Fernando Vaz uez, Ci En ineer, x.6399 Sign-Offs: De artment or Assistant 't na er Ci Man r FHB TH JMG T:WGENDA\2009Wu1y 15\Consent\1100 Lincoln Rd Easement Sukjjhary.doc ~~ ~ ~ EAR ~ AGENDA ITEM ~ ~~ ~ C DATE 7'~ S9 m MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM To: Mayor Matti Herrera Bower and Members of the City Commission FROM: City Manager Jorge M. Gonzalez DATE: July 15, 2009 SUBJECT: A RESOLUTION OF THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING AN EASEMENT AGREEMENT FROM 1100 LINCOLN ROAD L. P., AS THE OWNER OF THE PROPERTY LOCATED AT 1100 LINCOLN ROAD (REGAL CINEMA BUILDING), FOR THE INSTALLATION, MAINTENANCE, AND REPAIR OF A SIDEWALK WITH PEDRA PORTUGUESA FINISHES ON A PORTION OF THE ABOVE MENTIONED PROPERTY ADJACENT TO THE RIGHT-OF-WAY. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The Developer, UTA Management, LLC (UTA), of the garage/retail-commercial project at 1111 Lincoln Road, encouraged by the Design Review Board and the Board of Adjustment, developed conceptual plans to build a pedestrian mall on the 1100 block of Lincoln Road. The Finance and Citywide Projects Committee, on November, 22, 2006, approved conceptual plans for closure of Lincoln Road from Lenox Avenue to Alton Road, converting it to a pedestrian mall. On December 6, 2006, the City Commission approved the conceptual plan developed by UTA. City staff and UTA negotiated and generated a development agreement for the construction of the 1100 block. On January 25, 2007 the Finance and Citywide Projects Committee approved the agreement and recommended that it be submitted to City Commission for consideration. On March 14, 2007, the Miami Beach City Commission approved, on second reading, the Development agreement between the City and UTA for the design development and construction of that portion of Lincoln Road from Lenox Avenue to Alton Road, extending the pedestrian portion of Lincoln Road Mall further to the West. The design development and construction includes, without limitations, streetscape, street furniture, landscaping, decorative fountain/water features, and corresponding lighting, irrigation, and drainage system. The design also includes the closure of the aforestated portion of Lincoln Road Mall to vehicular traffic and design, development and construction of a new public pedestrian plaza surface constructed with Pedra Portuguese, (Attachment 1, Pedra Portuguese Picture). The developer acquired initial City right-of-way permits for construction of the 1100 block of Lincoln Road Mall on July 9, 2008 and immediately began construction. Construction is currently underway for the interconnections to Lenox Avenue and Alton Road. The construction also includes the installation of new sidewalks finished with Pedra Portuguese. ANALYSIS In the interest of maintaining consistency with the Pedra Portuguesa design, the new sidewalks extend beyond the public right-of-way, along the south side of Lincoln Road, onto a small portion of the adjacent Regal Cinema property, at 1100 Lincoln Road (Attachment 2, plan identifying the limits of the Pedra Portuguesa installation). In order to effectively complete construction of the new sidewalk and to facilitate the maintenance and repairs of the proposed sidewalk, the City will require that a permanent sidewalk maintenance easement be effectuated from the adjacent private property owner of the Regal Cinema property. The sidewalk maintenance easement agreement will allow the City to complete the reconstruction of Lincoln Road, harmonize the proposed sidewalk design with the existing business entryway to Lincoln Road, and connect the proposed sidewalk with the existing business entrances. The property owner, 1100 Lincoln Road, L.P., has agreed to provide the City with an easement agreement for: a) a temporary construction easement on, over and across the portions of the sidewalks along Lincoln Road, Alton Road and Lenox Avenue, the dedicated rights-of-way adjacent to the 1100 Lincoln Property (each, a "Right-of-Way" and collectively, the "Rights-of-Way"), that are part of the 1100 Lincoln Property (the "Easement Area"), for the removal of the red concrete sidewalk and installation of black and white stone pavement, as depicted in the attached Exhibit "C" (the "Sidewalk Improvements") b) a perpetual non-exclusive easement for access to, and maintenance, repair and replacement of, the Sidewalk Improvements. c) a perpetual subsurface utility easement for the installation, operation, and continuing maintenance of underground utilities, if any, located in the Easement Area that are necessary to serve the City Property (collectively, the "Utilities"). The owner of the property, 1100 Lincoln Road L.P., will provide the City with a permanent maintenance easement, for the construction, installation, operation, maintenance, and repair of the new Pedra Portuguesa sidewalk. CONCLUSION The Administration recommends that the City Commission approve the Resolution to accept the easement agreement from 1100 Lincoln Road L.P. Attachments: 1. Pedra Portuguesa Picture 2. Plan identifying the limits of the Pedra Portuguesa installation 3. Easement Document JMG\RCM\FHB\FV T:WGENDA\2009\July 15\Consent\1100 Lincoln Rd Easement Memo.doc Attachment 1, Pedra Portuguesa Picture I I ~I r ~' ~ a ~ ~ .fi ~ # r'~ ~ ~ ` W ,~ ~ ~ ~- k 3 ~ ~ ~ ~~ *~ _ ~ ~~ ~; ~• M v ~ ~` a 't 4 ~, ~ ~~~ ~ ~ s. _ _ ~ ~, . ~ - ` ` f ~ ~` ~ ~ . _ ~~. ~~. - ~ ~• ~ ~' w~~ ? ~ ~ ~ 'fi'r .. .. ~ ~ ~., ~ ~ ~° ~. ~,. ; ,~ ~°, ,~ ~ :. ~~ ,. Attachment 2, Plan identifying the limits of the Pedra Portuguesa installation EASEMENT AGREEMENT TO BE SUBMITTED Prepared by and after recording return to: Adam D. Lustig, Esq. Bilzin Sumberg Baena Price & Axelrod LLP 200 South Biscayne Boulevard, Suite 2500 Miami, Florida 33131-5340 EASEMENT AGREEMENT THIS EASEMENT AGREEMENT (this "Agreement") is made as of the _ day of 2009, by and between the CITY OF MIAMI BEACH, FLORIDA, a municipal corporation of the State of Florida (the "City") and 1100 LINCOLN ROAD L.P., a Delaware limited partnership ("1100 Lincoln Owner"). The City and 1100 Lincoln Owner are each, a "Party", and collectively, the "Parties". RECITALS: A. 1100 Lincoln Owner is the owner of certain land located at 1100 Lincoln Road, Miami Beach, Florida, and more particularly in the attached Exhibit "A" (the "1100 Lincoln Property") B. The City is the owner of certain land located on Lincoln Road between Lenox Avenue and Alton Road, and more particularly described in the attached Exhibit "B" (the "City Property") C. The Parties desize to enter into this Agreement to provide for the granting of certain easements from 1100 Lincoln Owner to the City and for the maintenance, repair and replacement of certain improvements in the Easement Area (as defined below). NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Parties. hereto agree as follows: 1. Recitals. The above and foregoing recitals are true and correct and incorporated herein by reference thereto. 2. Grant of Easements. 1100 Lincoln Owner grants to the City: (a) a temporary construction easement on, over and across the portions of the sidewalks along Lincoln Road, Alton Road and Lenox Avenue, the dedicated rights-of--way adjacent to the 1100 Lincoln Property (each, a "Right-of--Way" and collectively, the "Rights-of-Way"), that are part of the 1100 Lincoln Property, as depicted in the attached Exhibit "C" (the "Easement Area"), for the removal of the red concrete sidewalk and installation of black and white stone pavement, as depicted in the attached Exhibit "D" (the "Sidewalk Improvements"); (b) an irrevocable, perpetual non-exclusive easement for access to, and maintenance, repair and replacement of, the Agenda Item C7 J MIAMI 1867409.4 7713726901 Date ~-~.S Q portion of the Sidewalk Improvements on or over the Easement Area; and (c) an irrevocable, perpetual subsurface utility easement for the installation, operation, and continuing maintenance of underground utilities, if any, located in the Easement Area that are necessary to serve the City Property (collectively, the "Utilities"). The City specifically reserves the right to allow other utility facilities to be installed under, across, and within the Rights-of--Way (and to grant additional non-exclusive easements permitting the installation, operation, and maintenance of same), provided such facilities do not materially interfere with the utility facilities serving the 1100 Lincoln Property. 3. Maintenance. The City shall be responsible at its.. sole cost and expense for the maintenance, repair and replacement of the Sidewalk Improvements, as and when necessary, and in a manner consistent with the maintenance, repair and replacement of the stone pavement in the Rights-of--Way. 4. Reasonable Use of Easements. The easements granted herein shall be used and enjoyed by the City and its contractors, subcontractors, agents and materialmen in such a manner so as not to unreasonably interfere with, obstruct or delay the conduct and operations of the businesses of 1100 Lincoln Owner and its tenants at any: time conducted on the 1100 Lincoln Property, including, without limitation, public access to and from said businesses. 1100 Lincoln Owner shall have the right to remodel, renovate, modify or demolish the building(s) located on the 1100 Lincoln Property, subject to obtaining all necessary governmental approvals. To the extent 1100 Lincoln Owner elects to remodel, renovate, modify or demolish the building(s) located on the 1100 Lincoln Property, and such work results or would result in the building(s) or other improvements on the 1100 Lincoln Property using all or a portion of the Easement Area, 1100 Lincoln Owner shall have the right, at its sole cost and expense and subject to obtaining all necessary governmental. approvals, to remove the stone pavement in the area of use and the Easement Area shall be modified `to remove the area of use from the Easement Area. To the extent necessary, the City and 11'00 Lincoln Ov~mer agree to execute an amendment to this Agreement to modify the Easement Area accordingly. ~:5. Insurance. Thee City shall cause its contractors and subcontractors that perform the installation, maintenance, repair and replacement of the Sidewalk Improvements to maintain liability, casualty and worker's compensation insurance in commercially reasonable amounts during the periods of time in which work is being performed and to name 1100 Lincoln Owner as an additional insured in connection with such insurance coverage. ~:6. Indemnity. Subject to the limitations set forth in Florida Statutes, Section 768.28, as applicable, the City hereby indemnifies and holds harmless and agrees to defend 1100 Lincoln Owner from any and all actions, causes of action, claims, liabilities, demands, losses and expenses of any kind whatsoever, including, without limitation, reasonable attorneys' fees and court costs at trial and all appellate levels, which may be filed or made against 1100 Lincoln Owner, its officers, directors, partners, agents, affiliates, employees, successors and/or assigns, 2 MIAMI 1867409.4 7713726901 by reason of the negligence or willful misconduct by the City in connection with any construction, installation, utilization operation, maintenance, repair or replacement pursuant to this Agreement, by the City and/or its agents, contractors and/or employees. 5:7. Nature of Easement. The burdens and benefits of the easements created herein shall run with the land and shall inure to the benefit of, and be binding upon the Parties and their respective successors and/or assigns, and all persons claiming under them. Any transferee of 1100 Lincoln Owner, or its successors or assigns, as the case maybe, shall be bound by all terms and conditions of this Agreement. For purposes of a transfer and/or assignment of this Agreement, 1100 Lincoln Owner shall only be permitted to assign its rights hereunder to, and its successors shall only include, successor owner(s) or mortgage lenders of the 1100 Lincoln Property. Its successors and/or assigns shall not include individual unit owners or individual renters unless such unit owners or renters are successor owner(s) as described above. ~8. GoverningL Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, both substantive and remedial, without regard to principles of conflict of laws. The exclusive venue for any litigation arising out of this Agreement shall be Miami-Dade County, Florida, if in State court,, and the U.S. District Court, Southern District of Florida, if in federal court. BY ENTERING INTO THIS AGREEMENT, THE CITY AND 1100 LINCOLN OWNER EXPRESSLY WANE ANY RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CNIL LITIGATION RELATED TO, OR ARISING OUT OF, THIS AGREEMENT. -1-&9. Counterparts. This Agreement maybe signed in counterparts with the same force and effect as if all required signatures were contained in a single, original instrument. ~-1-10. Term. The easements, covenants, conditions and restrictions contained in this Agreement shall be effective commencing on the date of recordation of this Agreement in the office of the Clerk of Court of Miami-Dade County and shall remain in full force and effect thereafter in perpetuity, unless this Agreement is modified, amended, canceled or terminated by the written consent of the Parties... Notwithstanding the foregoing, in the event the building(s) located on the 1100 Lincoln Property`is/are demolished by 1100 Lincoln Owner or destroyed by fire or other casualty, 1100 Lincoln Owner shall have the right to terminate this Agreement by providing written notice of termination to the City. The City agrees to execute a termination of this Agreement in recordable form promptly after receipt of such termination notice from 1100 Lincoln Owner. ~?11. Remedies and Enforcement; Self-Help. In the event of a breach by either Party of any of the terms, covenants, restrictions or conditions hereof, the other Party shall provide written notice of such breach to the defaulting Party. If the defaulting Party fails to cure such breach within thirty (30) calendar days following written notice thereof by the non-defaulting Party (unless such breach creates an emergency requiring immediate action, in which case either Party may take action to correct the problem after such reasonable notice to the other Party as maybe possible under the circumstances, or with respect to any such breach the nature of which cannot reasonably be cured within such thirty (30)-day calendar period, the defaulting Party commences such cure within such thirty (30)-day calendar period and thereafter diligently and continuously prosecutes such cure to completion), the non-defaulting Party shall have the right to 3 MIAMI 1867409.4 7713726901 pursue any one or more of the following remedies: (a) perform such obligation contained in this Agreement on behalf of such defaulting Party and be reimbursed by such defaulting Party upon demand for the reasonable costs thereof; (b) full and adequate relief by injunction and/or all such other available legal and equitable remedies from the consequences of such breach, including payment of any amounts due; and/or (c) specific performance. Notwithstanding anything contained herein to the contrary, no breach hereunder shall entitle any Party to cancel, rescind, or otherwise terminate this Agreement. -112. No Waiver. No waiver of any default of any obligation by any Party hereto shall be implied from any omission by the other Party to take any action with respect to such default. ~4-.13. No Agency. Nothing in this Agreement shall be deemed or construed by either Party or by any third person to create the relationship of principal and agent or of limited or general partners or of joint venturers or of any other association: between the parties. X14. Severability. Each provision of this Agreement is hereby..declared to be independent of and severable from the remainder of this Agreement. If any provision contained herein shall be held to be invalid or to be unenforceable or not to run with the land, such holding shall not affect the validity or enforceability of the remainder of this Agreement. In the event the validity or enforceability of any provision of this Agreement is held to be dependent upon the existence of a specific legal description, the parties agree to promptly cause such legal description to be prepared. x:15. Force Majeure Events. Except in `the event of any emergency requiring immediate action, whenever a period of time is herein prescribed for the taking of any action by either Party, neither Party shall be liable or responsible for, and there shall be excluded from the computation of such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials, war, governmental laws, regulations or restrictions, or any other cause whatsoever beyond the control of such Party. x:16. No Dedication. None of the easements granted pursuant to this Agreement shall be deemed a dedication, either express or implied, of all or any portion of the 1100 Lincoln Property..... ~-8:17. Entire Agreement. This Agreement contains the complete understanding and agreement of the parties hereto with respect to all matters referred to herein, and all prior representations, negotiations, and understandings are superseded hereby. X18. Amendment. The Parties agree that the provisions of this Agreement may be modified or amended,` in whole or in part, or terminated, only by the written consent of the City and 1100 Lincoln Owner, or their respective successors and/or assigns, evidenced by a document that has been fully executed and acknowledged by the City and 1100 Lincoln Owner, and or their respective successors and/or assigns and recorded in the Official Records of Miami-Dade County, Florida. The Parties agree that they shall not unreasonably withhold completion or delay their written consent and approval of any amendment to this Agreement which is for the purpose of complying with the terms of paragraph 4 or any applicable law or necessary for the completion of the Sidewalk Improvements but only to the extent that such amendment to this 4 MIAMI 1867409.4 7713726901 Agreement does not adversely affect, limit or modify the covenants and restrictions contained in this Agreement. x:19. Attorneys' Fees. In the event any Party institutes any legal action or proceeding for the enforcement of any right or obligation herein contained, the prevailing Party after a final adjudication shall be entitled to recover its costs and reasonable attorneys' fees incurred in the preparation and prosecution of such action or proceeding, at trial and at all appellate levels. X20. Notices. Whenever either party desires to give notice unto the other, it must be given by written notice, (a) sent by certified United States mail, with return receipt requested, (b) by personal delivery with a signed receipt, (c) by recognized national overnight courier service or (d) by facsimile, in any case, addressed to the party for whom it is intended, at the place last specified; and the place for giving of notice shall remain such until it shall have been changed by written notice in compliance with the provisions of this paragraph. Notices given by an attorney for the City or 1100 Lincoln Owner shall be deemed effective notices. For the present, the parties designate the following as the respective places for giving of notice, to wit: FOR CITY: City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139 Attn: City Manager Fax: (305) 673-7782 With a copy to: City' of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139. Attn: City Attorney Fax: (305) 673-7002 City of Miami Beach i 700 Convention Center Drive Miami Beach, Florida 33139 Attn: Fred Beckmann, Public Works Director Fax: (305)673-7028 FOR 1100 LINCOLN OWNER: 1100 Lincoln Road L.P. 390 Park Ave., 3rd Floor New York, New York 10022 Attn: Fax: MIAMI 1867409.4 7713726901 x:21. Est~pel Certificates. Either Party hereto, within ten (10) business days of its receipt of a written request from the other Party shall from time to time provide the requesting Owner with a written estoppel certificate duly executed stating: (a) to the best of such Party's knowledge, whether the other Party is in default or violation of this Agreement and setting forth with specificity the default or violation; and (b) that this Agreement is in full force and effect and identifying any amendments to the Agreement as of the date of such certificate. x:22. Further Assurances. From time to time, at the request of either Party and without further consideration, either Party shall execute and deliver any further instruments and take such other actions as the other Party may reasonably require to accomplish the purposes of this Agreement. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) 6 MIAMI 1867409.4 7713726901 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above. WITNESSES: CITY: CITY OF MIAMI BEACH, FLORIDA, a municipal corporation of the State of Florida By: Sign Name: Matti Herrera Bawer Title: Mayor Print Name Sign Print Name ATTEST: By: Name'''Robert Parcher Title: City Clerk STATE OF FLORIDA ) )ss: COUNTY OF MIAMI-DADS ) The. foregoing instrument was acknowledged before me this day of 2009, by Matti Herrera Bower, as Mayor, and Robert Parcher, as City Clerk, of CITY OF MIAMI BEACH, FLORIDA, a municipal corporation of the State of Florida, on behalf of such municipal corporation. They are personally known to me or produced valid Florida driver's licenses as identification. Notary Public, State of Florida My commission expires: MIAMI 1867409.4 7713726901 WITNESSES: Sign Print Name Sign Print Name 1100 LINCOLN OWNER 1100 LINCOLN ROAD L.P., a Delaware limited partnership By: Lincoln GP Corp., a Delaware corporation, its General Partner By: Name: Title: STATE OF ) )ss: COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 2009, by as of Lincoln GP Corp., a Delaware corporation, as General Partner of 1100 Lincoln Road L.P., a Delaware limited partnership, on behalf of such corporation and limited partnership. He is ( ) personally known to me or ( )produced valid driver's licenses as identification. Notary Public My commission expires: MIAMI 1867409.4 7713726901 JOINDER BY MORTGAGEE Bank of America, National Association, successor by merger to LaSalle Bank National Association, as Trustee for the Registered Holders of Merrill Lynch Mortgage Trust 2003-KEY1, Commercial Mortgage Pass-Through Certificates, Series 2003-KEYl,,,being the holder of that certain Mortgage, Security Agreement, Assignment of Rents and Fixture Filing executed by 1100 Lincoln Road L.P. to Merrill Lynch Mortgage Lending, Inc., recorded November 11, 2003, in Official Records Book 21790, Page 4655 in the Public Records of Miami-Dade County, Florida, as such Mortgage has been amended and assigned (collectively, the "Mortgage"), hereby consents to the filing of, and agrees that the Mortgage shall be subject and subordinate to the terms of, the foregoing Easement Agreement. BANK OF AMERICA,' NATIONAL ASSOCIATION, SUCCESSOR BY MERGER TO LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF MERRILL LYNCH MORTGAGE TRUST 2003-KEY1, COMMERCIAL MORTGAGE PASS- THROUGH CERTIFICATES, SERIES 2003-KEY1 Signed, Sealed and Delivered in the presence of: , By: KeyCorp Real Estate Capital Markets, Inc., its authorized agent Sign By: Name: Printt`Narne Title: Sign Print Name MIAMI 1867409.4 7713726901 STATE OF ) SS: COUNTY OF ) The foregoing instrument was acknowledged before me this day of 2009, by , as of KeyCorp Real Estate Capital Markets, Inc., as authorized agent for Bank of America, National Association, successor by merger to LaSalle Bank National Association, as Trustee for the Registered Holders of Merrill Lynch Mortgage Trust 2003-KEY1, Commercial Mortgage Pass-Through Certificates, Series 2003-KEYl, on behalf of such corporation and trust. He/She is (' `'`)personally known to me or ( )has produced a driver's license as identification. Notary Public, State of Florida My Commission Expires: MIAMI 1867409.4 7713726901 EXHIBIT "A" LEGAL DESCRIPTION OF 1100 LINCOLN PROPERTY MIAMI 1867409.4 7713726901 EXHIBIT "B" LEGAL DESCRIPTION OF CITY PROPERTY MIAMI 1867409.4 7713726901 EXHIBIT "C" EASEMENT AREA MIAMI 1867409.4 7713726901 EXHIBIT "D" SIDEWALK IMPROVEMENTS PLAN MIAMI 1867409.4 7713726901