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LTC 067-2010 Update on Flamingo Public Baywalk Concept Planm MIAMIBEACH OFFICE OF THE CITY MANAGER NO. LTC # 067- 2010 LETTER TO COMMISSION TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Mai DATE: March 1, 2010 SUBJECT: Update on Flamingo Public The purpose of this LTC is to update the Mayor and City Commission on the status of the public bay walk concept plan for the rear of the Grand Flamingo property at 1500 Bay Road. Pursuant to the settlement agreement between the City of Miami Beach and AIMCO, the initial concept plan for the Flamingo Public Bay Walk was submitted at a meeting held on February 12, 2010 in the City's Planning Department. Attached is a copy of the initial concept plan. Based upon an initial review by the Administration and Planning staff of the concept plan, it is consistent with the settlement agreement, as unencumbered access to the public will be provided along the entire stretch of the bay walk on the Flamingo property, from 14~' Street north to the Capri project. Planning staff has requested additional documentation, pertaining to site elevations and grade changes, that will be necessary in order to confirm whether any variances from the Board of Adjustment will be required. The concept plan maybe subject to further revision, depending upon the results of this analysis. To date, all of the applicable requirements outlined in the settlement agreement have been substantially adhered to. City staff expects to continue to work with AIMCO in a collaborative manner to implement the public bay walk project, and will keep the City Commission informed of the progress. A copy of the final executed Settlement Agreement is also attached for your information, as well as the U.S. District Court order approving the settlement agreement and dismissing the case on December 17, 2009 (exhibits to the settlement agreement are available from the City Clerk or City Attorney's office). Following the agreed upontwo-year timetable contained in the Settlement Agreement, AIMCO and the City are striving for completion and opening of the Flamingo baywalk by December 17, 2011. If you have any questions regarding this matter, please feel free to contact the City Attomey or me. JMG: GL:TRM F:1P ALL\CM_RESP\Flamingo Baywalk Update February 2010.Itc.docx ATTACHMENTS C: Jose Smith, City Attomey Gary Held, First Assistant City Attomey Bob Parcher, City Clerk Jorge G. Gomez, Assistant City Manager Richard G. Lorber, Acting Planning Director Thomas R. 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ORDER OF DISMISSAL WITH PREJUDICE THIS CAUSE came before the Court on the parties' Stipulation and Joint Motion for Entry of Final Judgment and Order of Dismissal With Prejudice ("Joint Motion") [D.E. 223], filed December 16, 2009. The Court having reviewed the Settlement Agreement [D.E. 223-1] and the file, and being fully advised, it is ORDERED AND ADJUDGED as follows: The Joint Motion [D.E. 223] is GRANTED. 2. The Settlement Agreement is hereby approved and adopted by the Court. 3. This action and all claims and counterclaims asserted herein are hereby dismissed with prejudice, with each party to bear its own costs and attorneys' fees. 4. The Clerk is directed to CLOSE this case, and all. pending motions are DENIED as moot. 5. The Court retains jurisdiction to enforce the Settlement Agreement according to its terms. Case 1:08-cv-22419-CMA Document 224 Entered on FLSD Docket 12/17/2009 Page 2 of 2 CASE N0. 08-22419-CIV-ALTONAGA/Brown DONE AND ORDERED in Chambers at Miami, Florida, this 17th day of December, 2009. CECILIA M. ALTONAGA UNITED STATES DISTRICT JUDGE cc: counsel of record Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16!2009 Page 2 of 85 SETTLEMENT AGREEMENT MCZ/Centntm Flaningo II, LLC, a Delaware ]itnited liability corporation ("Flamingo II"), MCZ/Centrum Flamingo III, LLC, a Delaware limited liability eotporatiott ("Flatnittgo III"), and Morton Towers Apartments, L.P., a Delaware Limited Partnership ("Morton"), and their respective successors and assigns, collectively t•eferred to herein as "Flamingo/Morton" or "Owner," and the City of Miami Beach, a Florida tnunicipal corporation, and its successors and assigns ("City"), stipulate and agree as follows: R1;CITALS WHEREAS, Flamingo II and Flamingo III own real property located within the City of Miatni Beaclt, located west of Bay Road between 14`t' Street on the south and the theoretical extension of t6°i Terrace on the north ("Flamingo Property"), more particitlatly described on Exhibit A attached hereto, with Flamingo II owning the North Tower on the Flamingo Property and Flamingo III owning the Center Tower and all conunon areas on the Flamingo Property; WHEREAS, Morton is the sole member of both Flamingo II and Flamingo III; WHEREAS, disputes, claims and cotmterclaims have arisen between Flamingo/Morton and the City concerning multiple matters, including but not limited to whether the City's 1997 Design Review Board approval of the redevelopment of the Flatnittgo Property required a publicly accessible baywalk along its Biscayne Bay shoreline; whether the City is obligated to issue a final certificate of occupancy for the Center Tower of the Flamingo Property; whether the City owes Flamingo/Morton $250,000 representing overpayment of Temporary Cerrificate of Occupancy (TCO) fees; and whether additional building perntit fees are owed to the City by Flamingo/Morton, including without limitation the disputes, claims and counterclaims asserted in that certain litigation styled MCZ/Centrum Flamingo R, LLC, et al. v. City of Miatni Beach, United States District Court, Southern District of Florida, Case No. OS-22419-Civ- AltonagaBrowtt ("Flamingo Litigation"); WHEREAS, Flamingo/Morton and the City desire to resolve and settle all pending disputes, claims and counterclaims between them, including without limitation all claims and counterclaims that were or could have been asserted in the Flamingo Litigation, as set forth herein; WHEREAS, the parties believe it would be in their best interests and the interests of their respective citizens and residents to agree to the provisions of this Settlement Agreement; NOW, THEREFORE, in consideration of the nnuual agreements, undertakings and representations contained in this Settlement Agreement and other good and valuable Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 3 of 85 consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, Flamingo/Morton and the City agree as follows: 1. The foregoing recitals are true, accurate and corl•ect and are incorporated herein by this reference. 2. General Settlement Conditions a. A final Certificate of Occupancy (C.O.) for the Center Tower building on the Flamingo Property (under Master Building Permit No. B0001111) shall be issued by the City within thirty (30) days of the entry of the stipulated final judgment and order of dismissal described in paragraph 2f below. FlanringolMorton shall submit a copy of the stipulated final judgment as part of its C.O. package to obtain the final C.O. The final C.O. fee shat] be waived by the City. b. The parties release all claims against each other for permit fees, including but not limited to the City's cotmterclairns seeking building permit fees in excess of $1.2 million against Flarningo/Mortorr in the Flamingo Litigation and Flamingo/Morton's claim against the City for $250,000 representing alleged overpayment of TCO fees. c. The City will make reasonable efforts to resolve the drainage problems on Bay Road on the north end of the Flamingo Property. Reasonable efforts for purposes of this paragraph 2c are defined as meeting a 5-year level of service for Class C roadway, as implemented through the Basis of Design Report, West Avenue -Bay Road, Final Report, dated Febniary 23, 2007 (p. 2S). The City will plan the drainage improvements within fifteen (15) months of the entry of the stipulated final judgment and order of dismissal described in paragraph 2f below; it will design and construct the improvements within twenty-four (24) months after planning is completed; and it will test, evaluate and fix any problems identified by testing and evaluation within twenty-one (21) months after the completion of construction; provided, however, that notwithstanding these benchmarks and timetables, the City agrees that it will meet its obligations under this paragraph 2c as soon as reasonably possible. d. Flamingo/Morton will submit an application to convert the 3rd floor storage space in the Center Tower to individual tenant storage, which shall be subject to the review and approval of City staff. Flamingo/Morton will satisfy all code and regulatory requirements for such conversion. City approvals and permits for such conversion shall not be unreasonably witlrlreld. e. Simultaneous with the execution of this Settlement Agreement, the parties shall execute and deliver to each other general releases of al.l claims and counterclaims that were or could have been alleged against each other, in the form attached hereto as Exhibit B. Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 4 of 85 £ Inunediately following the execution of this Settlement Agreement, the parties will submit, in the fonu attached hereto as Composite Exhibit C, a stipulated final judgrnetrt approving and adopting this Settlement Agreement (neither party prevailing or admitting liability) and order of dismissal with prejudice of all claims and counterclaims in the Flamingo Litigation with each party to bear its own attorneys' fees and costs (including discovery-related fees and costs) attd with the Court retaining jwisdiction to enforce this Settlement Agreement and the stipulated judgment. g. The only press release concerting the Flamingo Litigation and/or its settlement shall Ue a joint press release, which has already been approved and issued by the parties and is attached hereto as Exhibit D. The parties acknowledge that their intent in agreeing to a joint press release includes, at a minitnutn, making best efforts to cooperate with each other going forward, informing the public of such cooperative relationship, and not having any managerial employee {defined for the City as the City Manager, Assistant City Managers and Department Directors) of the parties or any counsel of record for the parties in the Flamingo Litigation make public disparaging remarks about each other to third parties. 3. Public Access Conditions a. The Flantingo baywalk (described in Exhibit F, provided for below), including connections to the rtortlt {across the Property's nortltem boundary to connect to the, Mae Capri baywalk), and south (across the Property's southern boundary to connect to the baywalk in the 14°i Street street end), will be open to public access, as set forth ]terein, no later t]tan twenty-four (24) months after the entry of the stipulated judgment attd order of dismissal described in paragraph 2f above. After entry of the judgment, Owner, at its expense, will promptly begin its design, permitting, and construction of any modifications necessary for allowing public access to the Flamingo baywalk, according to the timetable with benchmarks agreed upon by the parties, attached hereto as Exhibit E and incorporated herein by reference. b. Owner will continue to own the property on which the Flamingo baywalk is located, but will grant a recordable easement in the form attached hereto as Exhibit F, allowing public access under the terms and conditions of this Settlement Agreement to the area of the Flamingo Property legally described in the easement. The easement shall bear an effective date of two years from the date of entry of the stipulated judgment described in paragraph 2f above and shall be executed and recorded in the public records of Miatni-Dade County immediately after entry of the stipulated judgment. c. The City will police the Flamingo baywalk in a manner consistent with other sections of baywalks owned by the City, or on which the City has obtained rights of access tltrouglt easement, covenant or otherwise, and which are open to tl~e general public (hereina8er "publicly accessible baywalks in the City"). Owner agrees to submit legitimate complaints about any alleged City noncompliance with this requirement to the City Manager, in writing, for Itis or iter review and appropriate action. If the parties are still unaUle to resolve disputes regarding the policing of tite Flamingo 3 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 5 of 85 baywallc, the parties agree that an independent muhially agreed upon neutral arbitrator will resolve such disputes under American Arbitration Association rules, as provided in paragraph 17 of this Agreement. If the independent arbitrator concludes that the City has breached its duty to police the Flamingo baywalk, Owner shall be temporarily relieved of the obligation to provide public access to the Flamingo baywalk until the City's failure to police is remedied to the satisfaction of the arbitrator. The City's adoption of, and reasonable good faith efforts to enforce, security measiues consistent with that used in or on other sections of publicly accessible baywalks in the City shall be accepted as satisfaction of the City's obligations under this paragraph 3c. Any noncompliance by Owner and/or its officers, employees, contractors, residents or authorized guests with any rules, regulations, ordinances or statutes applicable to the Flamingo baywallc (and not materially inconsistent with the provisions of this Settlement Agreement) shall not be a basis for any legitimate complaint about alleged City noncompliance with, or for temporary closure of the Flamingo baywalk pursuant to, this paragraph 3 c. d. The Flamingo baywalk will be open to the public from sunrise to sunset. Upon completion of a continrious publicly accessible baywalk from 5th Street to Lincoln Road (including the alternate route discussed in paragraph 3k below) (hereinafter, "the City baywalk"), the City Commission may adopt uniform rules and regulations conceming hours of operation of the City baywalk, affecting the Flamingo Uaywalk, but not materially inconsistent with the provisions herein. In the event of any conflict between an existing City ordinance, rule and/or regulation concerning hours of operation for publicly accessible baywalls in the City and this paragraph 3d, the hours of operation prescribed in this paragraph 3d shall prevail as to the Flamingo baywalk. Owner shall post signs at all access points to the Flamingo baywalk, subject to City staff review and approval (not to be unreasonably witlil~eld), displaying actual hours of opening and closing, and summazizing the use restrictions described in paragraph 3f below. e. Owner will install locking gates on either end of the Flamingo baywalk. The gates are subject to the review and approval of City staff, not to be unreasonably withheld. Owner shall neither open the gates later than sunrise, nor close the gates before sunset. Upon completion of the City baywalk, the City Commission may adopt uniform rules and regulations concerning the opening and closing of gates on the City baywalk, affecting the Flamingo baywalk, but not materially inconsistent with the provisions herein. In the event of any conflict between an existing City ordinance, rule and/or regulation concerning the opening and closing of gates for publicly accessible baywalks in the City and this paragraph 3e, the provisions of this paragraph 3e shall prevail as to the Flamingo baywalk. f. Permitted public uses of the Flamingo baywalk granted by the easement described in pazagraph 3U above shall be for jogging, walking, or hiking along the bay. Periodic and reasonable respites by members of the public using the Flan~ingo baywalk to enjoy the view or to rest shall be allowed. The easement described in paragraph 3b above shall prohibit members of the public from loitering and consuming alcohol on the Flamingo baywalk and from using the Flamingo baywalk for destination 4 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 6 of 85 activities including but not limited to fishing, picnicking, and camping. No chairs, tents, or other temporary or permanent fttriture may be used, whether by the public or Flamingo residents, on the Flamingo baywallc daring its daytime operating hours as described in paragraph 3d above. No unleashed dogs may be brought onto the Flamingo baywallc. The ttse of motorized vehicles, skateboards, scooters and bicycles (except by policing authorities, maintenance and/or emergency personnel) shall be prohibited. Upon completion of the City baywallc the City Commission may adopt ttnifonmm ntles and regulations concenning permitted uses of the City baywallc, affecting the Flamingo baywallc, but not materially inconsistent with the provisions herein. In the event of any conflict between an existing City ordinance, rule andlor regulation concerning permitted uses of publicly accessible baywalks in the City and this paragraph 3f, the provisions of this paragraph 3f shall prevail as to the Flamingo baywallc. g. The City will assume and defend all liability of Owner, as set forth in this paragraph 3g, within the Easement Area described in the Declaration of Restrictions and Easement Agreement attached hereto as Exhibit F ("Easement Agreement"), except for any liability arising from the gross neg]igence or willful acts of the Owner, its officers and employees, and except for activities that occur from sunset to sunrise (while the Flamingo baywallc is closed to the public in accordance with paragraph 3d above). Nothing contained in this paragraph 3g or elsewhere in this Settlement Agreement is in any way intended to be a waiver of the limitations on the City's liability to third parties as set forth in Section 758.28, Florida Statutes; however, The limitations under said statutory provision shall not apply to the City's contractual obligations to defend Owner and to cover, pay and/or reimburse any and all costs, expenses, liabilities, claims, actions, causes of action, losses, demands and damages, including, without Iimitation, reasonable attorneys' fees (including the cost of iti-house counsel) and disbursements at the trial level and all levels of appeal, relating to death of or injury to persons, or loss of or damage to property, incttned by Owtmer and occurring within the Easement Area described in the Easement Agreement, resulting froth, arising ottt of, or incurred in connection with, use of the Easement Area by Easement Beneficiaries described in the Easement Agreement. h. The City will have no maintenance or repair responsibility over the Flamingo seawall or Flamingo baywallc. The City wil] provide sanitation services, including the cleaning and removal of rubbish from the Flamingo baywallc and seawall cap, according to the City's normal cleaning schedule for similar publicly accessible facilities. The Owner will be responsible for cleaning the Flamingo baywallc after' any private evening events on the Flamingo baywallc. i. Changes to landscaping, design, fencing, walls, gates, pool areas, etc., to provide for mitigating the loss of privacy and security resulting from allowing public access to the FIanmitmgo baywallc shall be subject to review and approval of City staff in Their regulatory capacity, and/or by City boards in their regulatory capacity if their approval is required by law, which approval shall not unreasonably be withheld. The City agrees to waive all City fees for regulatory review and permitting processes 5 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 7 of 85 associated with the work that needs to Ue accomplished in this paragraph 3i so that the Flamingo baywallc may be opened to the public. j. No publicly accessible northern walkway access on the Flamingo Property will be provided front Bay Road to the Flamingo baywalk. k. Within the ten (10) year period followi~tg entry of the stipulated judgment and order of dismissal described in paragraph 2f above, the City must achieve a publicly accessible comtection from the Flamingo Property to Lincoln Road, either as shown on the City of Miattti Beach's "Public Baywalk Master Plan" and as described in the LTC 088-2009, both of which are attached as Composite Exhibit G, or indirectly tluouglt Lincoln Ten•ace. However, if the public access is provided indirectly through Lincoln Ten•ace, tltert the entire route front Lincoln Terrace to Lincoln Road shall be streetscaped and adequately lighted in accordance with the adopted streetscape plan for the West Avenue -Bay Road area, "West Avenue -Bay Road, Basis of Design Report, City of Miarni Beaclt, Final Report," February 23, 2007, prepared by Glatting Jackson Kercher Anglin Lopez Rinehart, Inc., as may be amended from time to time. The failure of the City to obtain public access rights to any property or properties shall not constitute a force majeure event (pursuant to paragraph 6 below} excusing the City's perfonnaitce of its obligations under this paragraph 3k. 1. In addition to establishing the publicly accessible connection to Li~tcoln Road described in paragraph 3k above, the City will exercise reasonable effective efforts to progress its Public Baywalk Master Plan within the ten (10) year period following entry of the stipulated judgment and order of distissal described in paragraph 2f above. The City will be deemed to have satisfied the regirirentents of tItis pai•agrapIt 31 by efforts of the City and/or arty property owner to obtain non-City perntits for, or efforts in firrtlterance of, constnacti~tg any publicly accessible baywalk improvement (including but not limited to any segment or connection) fi'om Stlt Street to Lincoln Road, individually or collectively exceeding X250,000 in costs or expenses. The failure of the City to obtain public access rig(tts to any property or properties shall not constitute a force majeure event (pursuant to paragraph 6 below) excusing the City's performa~tce of its obligations under this paragraph 31. m. If either of the two conditions set forth in paragraphs 3k and 31 above are not met by the end of the tenth year after entry of the stipulated judgtttent described in paragraph 2f above, tltert Owner may request arbitration by an independent mutually agreed upon neutral arbitrator, under American Arbitration Association rules as provided in paragraph 17 of this Agreement, to determine appropriate solutions, including temporary closure of public access to the Flamingo baywalk Luttil the umnet condition is satisfied. n. This Agreement is binding on Owner's subsidiaries, related entities, successors and assigns. 6 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 8 of 85 o. After the parties have complied with the obligations in paragraphs 2a, 2b, Ze and 2f above and the Flamingo baywalk is open to the public as provided for in this Settlement Agreement, and subject to the provisions in paragraph 6 below, the only bases for closures of the Flatningo baywallc shall be the temporary closure as provided in paragraphs 3c and/or 3m above. 4. The parties acknowledge that any requests for approval necessitated by this Agreement, whether by the City or its boards or staff, acting in its/their govenunental capacity, are subject to the independent discretion of the City and/or such boards and staff, which are not agreeing in advance to any particular outcome on such applications for approval, except that the parties have agreed the City will issue the final Certificate of Occupancy for the Center Tower building on the Flatningo Property as provided in paragraph 2a above. The parties further acknowledge that should the City or its boards or staff, in the exercise of their discretion, unreasonably deny any approval sought by Owner under paragraphs 3a (including Ex]iibit E), 3d, 3e and/or 3i above, such tttueasonable denial constihttes a basis for an enlargement of time for Owner to perform any obligations under this Agreement for which such approval was needed, and that disagreements under this provision shall be resolved as provided in paragraph 17 of this Agreement. The parties acknowledge and agree that while this Agreement provides for enlargements of time to perform obligations under this Agreement based upon tttu•easonable denials of approvals sought by Owner under this Agreement, nothing in this Agreement is intended to supplant, limit, modify or otherwise affect (i) the remedies available to Owner, independent of tlus Agreement, to seek administrative andlor judicial review of any action or inaction by the City in regard to land use approvals sought by Owner pursuant to this Agreement or otherwise, or (ii) the time frames applicable to such remedies, and this Agreement is without prejudice to all such remedies (hereinafter referred to as "Extra-Agreement Land Use Remedies"). 5. This Settlement Agreement is not and shall not be cotlstrtted as a development permit, development approval, development order or authorization to commence development, nor shall it relieve the Owner of any obligations to obtain necessary permits and any other development approvals that may be required under applicable law and undet• and pursuant to the terms of this Agreement. The parties hereto recognize and agree that the failure of this Agreement to address a particular petniit, permitting condition, term or restriction shall not relieve the Owner of the need to comply with any applicable law govering perniitting requirements, conditions, terms or restrictions notwithstanding any such omission. The parties recognize and agree that this paragraph 5 is not intended and shall not be construed to allow the City to adopt permitting or other development approval requirements, conditions, terms or restrictions materially inconsistent with the provisions of this Agreement, or to apply any permitting or other development approval requirements, conditions, terms or restrictions in a mam~er that would be materially inconsistent with the provisions of this Agreement. 6. Any prevention, delay or stoppage dtte to strikes, lockouts, labor disputes, acts of God, inability to obtain labor or materials or reasonable substitutes therefor, t•iot, civil commotion, fire or other casualty, and other causes beyond the reasonable control of 7 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 9 of 85 the party obligated to perform, excluding the financial inability of such party to perform, shall excuse the perfonnauce by such party for a period of time equal to any such period of prevention, delay or stoppage; provided, however, that any failure or delay in perforn~ance by Owner caused by the City's unreasonable denial of any approval sought by Owner under pa~•agraphs 3a (including Exhibit E), 3d, 3e and/or 3i above shall be governed by paragraph 4 above, and any disagreements under this provision shall be resolved as provided in paragraph 17 of this A~ •eement. .4ny party seeking to invoke this paragraph shall provide written notice to the other party as soon as reasonably practicable under the circumstances. 7. This Settlement Agreement shall be construed and governed in accordance with the laws of the State of Florida. 8. All exhibits attached to this Settlement Agreement are incorporated in and made a part of this Agreement. 9. Actions taken by any of the parties hereto pursuant to or in furtherance of the provisions hereof shall not be admissible in any proceeding in the Flamingo Litigation in the event the transactions contemplated hereunder are not performed or consummated, except as necessary to enforce the terms of this Settlement Agreement. 10. Each party shall bear its own costs and attomeys' fees incurred through the date of execution of this Settlement Agreement. ] 1. The parties agree they will take any and all actions consistent with the intent and purpose of this Settlement Agreement and requirements of applicable law, and execute, aclalowledge, subscribe and deliver any and all further documents and instruments as may be reasonably necessary to effectuate the purposes of this Settlement Agreement. 12. Tlie parties agree that the easement to be executed and recorded pursuant to paragraph 3b of this Settlement Agreement shall run with the land. 13. Each party acknowledges that this Settlement Agreement is a compromise resolution of disputed claims and agrees that it shall never be treated or used as an admission or evidence of liability or wrongdoing against either party for any purpose whatsoever; provided, however, that this Agreement may be admissible in any action or proceeding to enforce its terms. Each party denies any liability to the other and any wrongdoing and acknowledges that this settlement is based solely upon their desire to avoid costs of litigation. 14. The parties represent and warrant that they have executed this Settlement Agreement freely and voluntarily after having had an opportunity to consult with their respective attomeys concerning their rights and obligations hereunder. 8 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12!16/2009 Page 10 of 85 15. This Settlement Agreement shall be deemed drafted by all parties and there shall be no presumption against any party relating to the drafting of the Settlement Agreement and the language used herein. 16. Notices. Any notices required or perniitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand, sent by recognized overnight courier (such as Federal Express) or mailed by certified or registered mail, return receipt requested, in a postage prepaid envelope, and addressed as follows: If to the City at: City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139 Attn: City Manager With a copy to: City of Miami Beach 1700 Convention Center Drive Miami Beaclr, Florida 33139 Attn: City Attorney If to the Owner: MCZ/Centnmi Flanungo III, LLC c/o AIMCO 4582 South Ulster Street Parkway Denver, Colorado 80237 Attn.: Off ce of General Counsel With a copy to: Flamingo South Beach Apts. 1504 Bay Road Miami Beacli, Florida 33139 Attn.: Conunwiity Manager Notices personally delivered or sent by overnight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given three (3) days after deposit in the U.S. Mail. 17. No action to enforce this Agreement tlrrougl~ arbitration or through the Court in the Flamingo Litigation, as set forth in this paragraph 17, shall be pursued by any party to this Settlement Agreement absent 30 days prior written notice of the alleged breach, followed by an opportunity to cure, which shall be no less than GO days in length. If the alleged. Ureach is not cured to the satisfaction of the complaining party, tiie parties shall attempt in good faith to mediate the dispute. As to paragraphs 3c and 3m of this Agreement, when and if mediation fails, the sole remedy for such a dispute shall be binding arbitration. The dispute shall be administered in accordance with the then- cun•ent Commercial Arbitration Rules of the American Arbitration Association ("AAA") and Florida substantive law shall apply. The parties shall attempt to designate one 9 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 11 of 85 neutral arbitrator from the AAA or elsewhere. If they aze unable to do so within 3.0 days after written demand therefor, then the AAA shall designate a neutral arbitrator. No arbitration healing may proceed without a representative of all parties present. In the event the AAA's expedited procedures are used, notice Uy telephone must be supplemented immediately by facsimile or electronic mail. No dispute shall be resolved on documents alone except by agi•eement between the parties. The arbitration shall be final and binding, and enforceable with the Court in the Flamingo Litigation. The arbitrator shall provide a written explanation of the basis of any award. The arbitrator shall award reasonable attorneys' fees (includuig those of in-house counsel) and costs to the substantially prevailing party and charge the cost of arbitration to the party which is not the substantially prevailnig party. For aII other provisions of this Agreement, when and if mediation fails, enforcement shall be with the Court in the Flamingo Litigation, unless City and Owner agree in waiting to utilize azbitration. The provisions of this paragraph 17 apply only to actions to enforce this Agreement; they do not apply to Extra- Agreement Land Use Remedies as defined in pazagraph 4 above. 18. The parties signing this Settlement Agreement represent and warrant that they have full and complete legal and Uindu~g authority to enter into this Settlement Agreement. 19. This Settlement Agreement is binding on the parses hereto and the parties agree to execute any slid all documents necessary consistent with applicable law and the City's independent regulatory review authority recognized elsewhere in this Agreement, to ratify, confirm, and perform the terms and provisions of this Settlement Agreement. The teens of this Settlement Agreement shall be binding on and inure to the benefit of the parties, their legal representatives, members, constituents, successors, assigns, subsidiaries and afnliates, and shall supersede all prior discussions, negotiations and agreements among the parties concerning settlement. This Settlement Agreement represents the entire agreement of the parties and shall not Ue modified except Uy a writing signed by all parties, No third party beneficiaries are intended to be created by this Settlement Agreement. 20. This Settlement Agreement may be signed in counterparts, and the signature counterparts of the parties or their authorized representative shall be treated the same as if this Agreement had been signed by all parties or their authorized representatives. A facsimile signature shall be deemed the equivalent of an original signature of a party or its authorized representative. DATED this !6'"2iay of DQ~*-yet , 2009. [SIGNATURE PAGES FOLLOW) 10 - - iV1A Document 223-1 ATTEST: G,~ V~v ~~ Ciry Clerk APPROVED AS TO FORM AND L GUAGE FOR EXECI UTION: •71 or e STATE OF FLORIDA COUNTY OF MIAMI-DADE: SS: Entered on FLSD Docket 12/16/2009 Page 12 of 85 CITY OF MIAMI BEACH, a Florida municipal cor oratio By: i - ~~~ ~(.ry oHla ,Mayor (SEAL) I HEREBY CERTIFY that on this date, before me, an officer duly authorized in this State and County to take acknowledgments, personally appeared Hattie Herrera Bower, well known to me to be the Mayor of the City of Miami Beach, a Florida municipal corporation, party to the foregoing Settlement Agreement, and that she acknowledged executing the same freely and voluntarily in the presence of the City Clerlc under authority duly vested in her by the City of Ivliami Beach and that the seal affixed is the true seat of the City of Miami Beach. WITNESS my hand and ofFicial seal in the County and State last aforementioned tlus ~ day of ~,~ .er', 2009. Commission No. My Commission Expires: 20_ „nL;r% tILLIAtdBEAUCHAAi e,; r MY COMMISS{Old ° pa 539at6 ~, '~'}L,-..f-= EJfPIRFS:Api~29,2010 :;'~•..~'~ Omd~'rtau NdM'P~cUndureACn ( gnature) L~ !l' (Print name} Notary Public State of Florida 11 Case 1:08-cv-22419-CMA Document 223-1 h1Ci:/C1:N"I'RUM f'LAMINGO il, L.L.C.. a Delaware limited liability company Entered on FLSD Docket 12/16/2009 Page 13 of 85 13~": MORTON TOWERS APARTMENTS, L.P., a Delaware limited partnership, its member 13y: A1MC0 HOLDINGS, L.P., a Delaware limited partnership, its general partner 8y: A1MC0 I-IOLDINGS QRS, iNC., a Delaware corporation, its general partner fay: Eric L.1-iilty Senior Vice Pr •ident, Assistant General Counsel and A istant Secretary 5 I~.n'J'1? OF COLORADO C'C>t ~N"I'1' OF DENVER SS: ~t I'hu tin•egoing instrument was acknowledged before me this ~~ day of December, lt)t1~~. by L-:ric 1.. 1•lilty, as Senior Vice President, Assistant General Counsel and Assistant Secretary ol'MC7_ICENTRUMFLAMlNGO Il, LLG, a Delaware limited liability ~orpor:ition, known to me to be the persons described in and who executed ilre foregoing instrument. and acknowledged to and before me that they executed said insiniment for the purposesthercin expressed. ~~. ~~ 1'fNL:SS my hand and official seal, this ~~ day of Uecetnber, 2009. Notary Public. State of Colorado at Large ~ rnnnission iV'u.: tit•~ ~~oimnission L->;pires: ~~ - ~-c~~%c3- 12 Case 1:08-cv-22419-CMA Document 223-1 MC!/C'INTRUM 1'LAMINGO III, L.L.C., Delaware limited liability company Entered on FLSD Docket 12/16/2009 Page 14 of 85 13~: MOR"CON "POWERS APARTMENTS, L.P., a Delaware limited partnership, its member 13v: AIMCO ]-IOLDINGS, L.P., a Delaware limited partnership, its general partner Sy: AIMCO HOLDINGS QRS, CNC., a Delaware corporation, its general partner 13y: ~ ~ ~ _ Eric L. Hilty Senior Vice President, Assistant General Counsel and Assistant Secretary S"I'.~ ('L OI' COLORADO ) SS: t't)l N I'Y OF Da:NVI'sR ) I~hc I'oreguing instrument was acknowledged before me this ~ day of December. ~OO~t. by uric L. Hilty, as Senior Vice President. Assistant General Counsel and Assistant Secretary oi'MC%/CLNTRUM i'LAMINGO lll, LLC, a Delaware limited liability corporation, known to me to be the persons described in and who executed the foregoing inslnlment. and acknowledged to and before me that they executed said instrument for the purposes therein expressed. WI"INESS my hand and official seal, this ate day of tJrL'Pw~a~.¢n. , C'~mnnrssion No.: t\1~ t'ommission aspires: y.~ ~ ~ ~t ~l ~CLI C ~- Notary Pttblic, State of Colorado at Large l3 Case 1:08-cv-22419-CMA Document 223-1 Entered on FLSD Docket 12/16/2009 Page 15 of 85 MOR'I'1)N 'I'OWI:RS nPARTMGN~"S. L.P., a l)clatiarr limited partnership i3v AIMCO 1-IOLDINGS, L.P., a Delaware limited partnership, ils general partner tap: AIMCO HOLDINGS QRS, 1NC., a Delaware corporation, its gcncral partner 13y: ~ ~ ~ . Lric L. Hilty Senior Vice Preside ,Assistant General Counsel and assistant Secretary S'I'r\ I'1: Oi~' COLORADO C'C)l.'N"I'Y OP llLNVF,R 55: -~t~ The loregoing instrument was acknowledged before me this ~ day of December, ?01)9. by Eric l,. l Iilty, as Senior Vice President, assistant General Counsel and Assistant tiucretan~ ul'MORI"ON'fOWF;RS AFAR"fMENTS, L.P., a Delaware Limited Partnership. known to me to be the persons described in and who executed the Foregoing instrument. and aciniowlcdged to and before me that they executccl said instrument For the pur{ioses therein expressed. WI'I'NI:SS my hand and official seal, this ~ day of ,~4rc,x, ~u-~.t. , ~{)Oct. Notary Public, State of Colorado at large C'ummission No.: :~Ip (.'omnussion Expires: . ~,t _ ~_. ~~ 1 a-- 14