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Settlement Agreement Draft Exhibits A & B Attachment A SETTLEMENT AGREEMENT AND LIMITED RELEASE _ �` This Settlement Agreement and Limited Release ( "Agreement ") is made and entered into the 19th day of August 2010, by and between HORIZON CONTRACTORS, INC., a Florida corporation (hereinafter, "Horizon "), and the CITY OF MIAMI BEACH, FLORIDA, a municipal corporation (hereinafter, the "City "). Horizon and City may also be referred to individually as a "Party," and collectively as the "Parties." WHEREAS, Horizon and the City are parties to a construction contract, dated May 28, 2009 (the "Contract "), for Construction Services for Water Mains, Sanitary Sewer Mains and Milling and Resurfacing Improvements Along Indian Creek Drive Between 26 and 42h Streets, Miami Beach, Florida, entered into pursuant to Invitation to Bid No. 28 -07/08 (hereinafter, the "Project "); WHEREAS, the Parties have asserted claims against each other as it relates to issues affecting the timeliness of construction of the Project; WHEREAS, the City requires that additional construction services be perfouued for a fully functional Project, but the Parties disagree as to who should bear the ultimate financial responsibility for such costs; WHEREAS, the Parties desire to settle all s ttl 11 claims and disputes, past, present or future relating to delays in the construction of the Project, as more fully set forth herein, regardless of responsibility, for such delays; WHEREAS, the Parties desire to preserve all other pending claims (if any) against each other, as more fully set forth herein; and NOW THEREFORE, in consideration for the exchange of promises contained herein, the parties agree as follows. 1 1. Recitals. The above recitals are true and correct and are incorporated herein. • 2. The City has directed Horizon to perform additional construction services by transferring services from an existing six -inch (6 ") diameter water main to a new twelve -inch (12") diameter water main (the "Additional Work "). 3. The Parties agree that the issue as to the Party financially responsible for the Additional Work remains unresolved and at issue. 4. Nonetheless, the Parties agree that Horizon will perform the Additional Work requested by the City and will seek reimbursement from the City through mediation and, if necessary, litigation as required by the Contract. The City disagrees that it is responsible for the need for or cost of the Additional Work. 5. Nonetheless, the Parties agree that the City is of the opinion that the loss of use of its existing six -inch (6 ") diameter water main has a monetary value and will seek reimbursement from Horizon through mediation and, if necessary, litigation as required by the Contract. Horizon disagrees that it is responsible for the loss of use of the existing six -inch (6 ") diameter water main. 6. Nonetheless, the Parties agree that, despite Horizon's performance of the Additional Work, the responsibility for the costs related to the Additional Work and for the costs related to the adequacy and integrity of the existing six -inch (6 ") diameter water main, including the alleged loss of use, will be the subject of mediation and, if necessary, litigation, as required by the Contract. 7. Release of Delay Damages — Horizon to the City. Horizon releases, acquits and forever discharges the City, including its affiliates and insurers, directors, officers, employees, agents and attorneys, together with its heirs, executors, administrators, associates, 2 representatives, successors and assigns, from any and all past, present and future claims, demands,_obligations,_damages, costs, expenses, actions and causes of actions, and whether for compensatory, punitive damages, or other damages arising from or relating to delay damages, whether presently known or unknown, in connection with the Project. 8. Release of Delay Damages — the City to Horizon. The City releases, acquits and forever discharges Horizon, including its affiliates and insurers, directors, officers, employees, agents, subcontractors, sureties, and attorneys, together with its heirs, executors, administrators, associates, representatives, successors and assigns, from any and all past, present and future claims, demands, obligations, damages, costs, expenses, actions and causes of actions, and whether for compensatory, punitive damages, or other damages arising from or relating to delay damages, including but not limited to liquidated damages, whether presently known or unknown, in connection with the Project. 9. The City will not withhold payment or the release of retainage from Horizon for any issues related to the integrity, abandonment or loss of use of the six -inch (6 ") diameter water main. 10. Pending change orders are not waived by this Agreement, but the issues related to time contained within those pending change orders are rendered moot by the teiins of this Agreement. Nonetheless, the Parties agree to continue in their efforts to resolve pending change orders and, to the extent a resolution cannot be reached, such change orders will also be the subject of mediation and, if necessary, litigation, as required by the Contract. 11. Horizon agrees to modify its letter dated Monday, August 2, 2010 to Aurelio Carmenates by removing all references to the City Engineer, replacing with the term "City" in 3 the revised letter. Said revised letter will be sent to the City within five (5) days of the execution -- ----------- __ — _ -- of this Agreement. 12. It is understood and agreed that execution of this Agreement is not an express or implied admission of negligence, misconduct, responsibility or liability on the part of the City or Horizon, and that the City and Horizon expressly and specifically deny all such claims. Such consideration is being given to reduce the expense, uncertainties and hazards of litigation, mitigate damages to each of the Parties and ensure a timely and orderly completion of the Project. 13. The Parties agree to cooperate fully and execute any and all supplementary documents and to take all additional actions which may be reasonably necessary or appropriate to give full force and effect to the basis and intent of this Agreement. 14. This Agreement contains the entire agreement between the Parties on the issues addressed herein. This Agreement replaces any prior or contemporaneous written or oral representation or understanding about the terms of this Agreement. This Agreement may not be changed except in writing signed by the Parties or their respective attorneys. This Agreement shall be binding on and shall inure to the benefit of the respective successors and assigns, if any, of each party. 15. The Parties agree and acknowledge that this Agreement is solely limited to settle any and all claims or disputes relating to delays on the Project, whether presently known or 1 unknown. Notwithstanding _anything covered in this Agreement, neither party waives any of its rights to allege any default, dispute, or claim against the other under the Contract. 16. This Agreement is being consummated in the State of Florida, and the performance by the Parties hereto is in the State of Florida. This Agreement shall be governed 4 by and construed in accordance with the laws of the State of Florida. The venue for any legal proceeding of any nature brought by either party against the other to enforce any right or obligation under this Agreement, or arising out of any matter pertaining to this Agreement, shall be in Miami -Dade County, Florida. 17. The Parties warrant to each other that they have read this Agreement and that they understand that this Agreement and that each have been represented by counsel before signing this Agreement. [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 5 IN WITNESS WHEREOF, the Parties have set their hands and seals on the day and date first written above. HORIZON CONTRACTORS, INC. Attest: 7 Secretary s' teswom C(7-44/2g-e to,c; ac-14-1 Print Name Print Name STATE OF FLORIDA COUNTY OF MIAMI -DADE The foregoing instrument was acknowledged before me this f. day of N-61),e,r , 2010, by J1)6-e, (YL . (At—as of Horizon Contractors, Inc., who is personally known to me or who has produced (type of identification). QQ ��fJJ ,�� �� Name: )4JZI�[AL-4L a A (Print Name) j ! f� Lfr) A git & Notary Public — State of Florida My Commission Expi es , +� ++ IDALIA A. DOE 10 ��a,�pRY Pt, i�� r-= ?* .. Notary Public - State of Florida law * • My Comm. Expires Jul 14, 2013 ''';; Commission # DD 886546 ''40,r ;: ` Bonded Through National Notary Assn. • 1 j i � I I I 6 i 1 Attest: CITY OF MIAMI BEACH, FLORIDA ri(Mik ()19Mi----•L , ' * _ ____ _ _ City Clerk I : �� T—o B l R-c , j6, «7/7?44 re! ._. Print Name Print Naarhe STATE OF FLORIDA COUNTY OF MIAMI -DADE The foregoing instrument was acknowledged before me this 2 day of 00if , 2010 by eC.7Y7,Ait' I,. as /O/ Pte'" of the City of Miami Beach, who is personall known to me or who has .r odu ed (type of identi cation). ' u►uEruti Name: ,1 ALA L .ti, . .�:,f.�� " r �/6! ' 'lit ame �' �. 5�0� ;'... y 5 �. :� Notary Public - State of Flo : da ~ • 0 t , � '� gar My Commission Expires: = f3)1 417$1.7,--it. ' ' 4 b t s ,, 1 `.4;illgk'et . //t filloo l iZO - _ • APPROVED AS TO . FORM & LANGUAGE , - . • t& FOR EXECUTION •,. _ .s ...r i 0 z2 Jo pity ' omey at 1 I do hereby certify that the above and foregoing is a true and correct copy of the original thereof . : . on file in this office. -- =: ~'` ' " WITNESS my hand and of said Y this 0/, g Ht day of . 4 • D.2:0 /0 CITY CLERK of the City _.., of liami Be . Florida ... `.: BY � ' / /,, - ,, v ' DEP" fY . 7 Attachment B SETTLEMENT AGREEMENT AND MUTUAL RELEASE BETWEEN HORIZON CONTRACTORS, INC. AND THE CITY OF MIAMI BEACH, FLORIDA This Settlement Agreement and Mutual Release ( "Agreement ") is made and entered into this day of July, 2011, by and between HORIZON CONTRACTORS, INC., a Florida corporation, (hereinafter "Horizon ") and the CITY OF MIAMI BEACH, FLORIDA, a municipal corporation (hereinafter, the "City "). Horizon and the City may also be referred to individually as a "Party ", and collectively as the "Parties." RECITALS WHEREAS, HORIZON and the CITY are parties to a construction contract, dated May 28, 2009 (the "Contract "), for Construction Services for Water Mains, Sanitary Sewer Mains and II ' Milling and Resurfacing Improvements Along Indian Creek Drive Between 26 and 42 Streets, Miami Beach, Florida, entered into pursuant to Invitation to Bid No. 28 -07/08 (hereinafter, the "Proj ect "); and WHEREAS, the Parties have asserted claims against each other as it relates to multiple issues regarding the construction of the Project; and WHEREAS, the Parties desire to settle all claims, disputes, past, present, or future regarding the Project, responsibility; ect, re ardless of res onsibilit g g J regardless p Y WHEREAS, except as expressly limited in Paragraph 5, the Parties further agree to waive any and all past, present and /or future claims against the other, as it relates to this Project including, but not limited to, change order requests, delay claims, liquidated damages, back charges, request for time, whether contemplated at this time or in the future, as it relates to this Proj ect. WHEREAS, the Parties agree to bear their own respective costs and attorney's fees as it!', relates to this Settlement Agreement. NOW THEREFORE, in consideration for the exchange of promises contained herein, and for good and valuable consideration acknowledged herein, the Parties agree as follows: 1. The above Recitals are true and correct and are incorporated herein. 2. The Parties agree and acknowledge that the full amount due and owing Horizon is $1,197,966.00 (the "Settlement Payment "), which amount reflects the total monies due and owing for the following Proposed Change Orders ( "PCO "): 290 -16; 290 -17; 290 -24; 290 -26; 290 -32; 290 -33; 290 -34; 290 -35, 290 -36; and 290 -37. 3. Subject to City Commission approval of the allocation of additional Project funds this Settlement Agreement and Mutual Release, the Settlement Payment shall be made by the City on or before August 26, 2011. 4. Upon payment of the Settlement Payment, no other monies are due and owing Horizon, a except for Contract payments due to Horizon for work performed, or to be performed, p pY p p which shall be paid in accordance with the Contract. These Contract payments include the Blanket Purchase Order in the amount of $298,705.79; retainage in the amount of $234,663.69; and the latest invoice as of July 1, 2011 in the amount of $186,685.81. 5. Horizon agrees that it remains responsible for any latent defects on the Project' and all applicable warranties pursuant to the terms of the Contract. 6. It is understood and agreed that execution of this Agreement is not an express or admission of negligence, misconduct, responsibility or liability on the part of the City or and that the City and Horizon expressly and specifically deny all such claims. Such consideration is being given to reduce the expense, uncertainties and hazards of litigation and to damages to each of the Parties. 7. The Parties agree to cooperate fully and execute any and all supplementary documents and to take all additional actions which may be reasonably necessary or appropriate to give full force and effect to the basis and intent of this Agreement. 8. Upon payment of the Settlement Payment and except for the remaining Contract payments expressly referenced in Paragraph 4 hereof, and the City's obligation to pay, Horizon, releases, acquits and forever discharges the City, including its affiliates and insurers, directors, officers, employees, agents and attorneys, together with its heirs, executors, administrators, associates, representatives, successors and assigns, from any and all past, present and future claims, demands, obligations, damages, costs, expenses, actions and causes of action whether for compensatory, punitive, or other damages, arising from or relating to the Project, whether presently known or unknown. 9. Except as provided in Paragraph 5 hereof, the City releases, acquits and forever discharges Horizon, including its affiliates and insurers, directors, officers, employees, agents, subcontractors, sureties, and attorneys, together with its heirs, executors, administrators, associates, ns representatives, successors and assigns, any and all past, present and future p g� Y p i p claims, demands, obligations, damages, costs, expenses, actions and causes of actions, whether for compensatory, punitive, liquidated or other damages, from arising f om or relating to the t he Pro' ect p p q g g g Project, ' i, whether presently known or unknown. 10. This Agreement contains the entire agreement between the Parties as related to Project. This Agreement replaces any prior or contemporaneous written or oral representation or understanding about the terms of this Agreement. This Agreement may not be except in writing signed by the Parties or their respective attorneys. This Agreement'' shall be binding on and shall inure to the benefit of the respective successors and assigns, if any, of each party. 11. This Agreement is being consummated in the State of Florida, and the performance by the Parties hereto is in the State of Florida. This Agreement shall be governed b y and construed in accordance with the laws of the State of Florida. The venue for any legal proceeding of any nature brought by either party against the other to enforce any right or; obligation under this Agreement, or arising out of any matter pertaining to this Agreement, shall be in Miami -Dade County, Florida. The Parties expressly agree to waive a trial by jury in any action to enforce this Agreement and that the Prevailing Party will be awarded reasonable attorne y fees and costs. 12. The Parties warrant to each other that they have read this Agreement and that they understand this Agreement and that each have been represented by counsel before signing this Agreement. a have set their hands and seals on the day WITNESS WHEREOF, the Parties s y and date first written above. HORIZON CONTRACTORS, INC. Attest: Title: Secretary Print Name Print Name STATE OF FLORIDA COUNTY OF MIAMI -DADE The foregoing instrument was acknowledged before me this day of 2011, by as of Horizon Contractors, Inc., who is personally known to me or who has produced (type of identification). Name: r` (Print Name) Notary Public — State of Florida My Commission Expires: CITY OF MIAMI BEACH, FLORIDA Attest: Title: City Clerk Print Name Print Name STATE OF FLORIDA COUNTY OF MIAMI -DADE The foregoing instrument was acknowledged before me this day of 2011, by as of the City of Miami Beach, who is personally known to me or who has produced (type of identification). Name: (Print Name) APPROVED AS TO FORM & LANGUAGE Notary Public — State of Florida & FOR EXECUTION My Commission Expires . _ OP {r Attorney � .0 Da