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2015-29173 Reso RESOLUTION NO. 2015-29173 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PURSUANT TO SECTION 82-93(a) OF THE CITY CODE, TO CONSIDER APPROVING, AFTER SECOND READING AND PUBLIC HEARING, A REVOCABLE PERMIT REQUEST BY LINCOLN CENTURION RETAIL, LLC., LOCATED AT 643-657 LINCOLN ROAD, TO PERMIT A PROPOSED AWNING THAT PROJECTS OVER THE PUBLIC RIGHT-OF-WAY, WITH DIMENSIONS NOT TO EXCEED ONE HUNDRED FEET BY NINE FEET (100' X 9') ALONG THE SIDEWALK; AND FINDING THAT THE REVOCABLE PERMIT MEETS THE CRITERIA OF Section 82-94, OF THE CITY CODE. WHEREAS, Public Works is in receipt of a revocable permit application by Lincoln Centurion Retail, LLC., a Delaware limited liability company authorized to do business in the state of Florida, the owner of the property located at 643-657 Lincoln Road (the "Property"); and WHEREAS, the Applicant is proposing to remove an existing awning extending into the City's right-of-way, and replace it with a cellular type cantilever awning; and WHEREAS, at its July 8, 2014, the Historic Preservation Board (HPB)granted a Certificate of Appropriateness for the demolition of the existing structure and a Certificate of Appropriateness for the construction of a replacement structure with a newer design; and WHEREAS, the proposed awning is to project over the sidewalk and is not to exceed the revocable permit application request for a projection of one hundred feet in length by nine feet in width (100' x 9'); and WHEREAS, pursuant to Section 82-93(a) of the City Code, the City Commission, at its September 30, 2015 meeting, passed and adopted Resolution No. 2015-29139, authorizing the setting of a public hearing for October 14, 2015,to consider the request fora revocable permit and, additionally, in accordance with Section 82-93(b) of the City Code, mailed notice of the public hearing has been provided to owners of land lying within 375 feet of the existing permit area; and WHEREAS, Public Works has analyzed the criteria contained in Sections 82-94 and believes the application to be consistent with the criteria therein, WHEREAS,to Section 82-94,the City Commission is to review the application to determine whether the revocable permit shall be granted or denied based upon existence of the following criteria: (1) that the applicant's need is substantial; (2) that the applicant holds title to an abutting property; (3)that the proposed improvements comply with applicable codes,ordinances, regulations, neighborhood plans and laws; (4)that the grant of such application will have no adverse effect on governmental/utility easements and uses on the property; (5) Alternatively: a. That an unnecessary hardship exists that deprives the applicant of a reasonable use of the land, structure or building for which the revocable permit is sought arising out of special circumstances and conditions that exist and were not self-created and are peculiar to the land, structures or building involved and are not generally applicable to other lands, structures or buildings in the same zoning district and the grant of the application is the minimum that will allow reasonable use of the land, structures or building; or b. That the grant of the revocable permit will enhance the neighborhood and/or community by such amenities as, for example, enhanced landscaping, improved drainage, improved lighting, and improved security. (6) that granting the revocable permit requested will not confer on the applicant any special privilege that is denied by this article to other owner of land, structures or buildings subject to similar conditions located in the same zoning district; and (7)that granting the revocable permit will be in harmony with the general intent and purpose of this article, and that such revocable permit will not be injurious to surrounding properties,the neighborhood, or otherwise detrimental to the public welfare. In order to grant a revocable permit, the city commission must make an affirmative finding with respect to each of the criteria set forth above. These findings may be made by one motion addressed to all findings or, at the request of any member of the commission, a finding or findings shall be considered separately; and, WHEREAS,the conditions for the revocable permit comply with the requirements of Section 82-95, as it relates to the terms and conditions for the issuance of the permit, and conditions for its termination. WHEREAS, the Administration recommends approval of the revocable permit request. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA,that the Mayor and City Commission, pursuant to Section 82-93(a) of the City Code, to consider approving, after second reading and public hearing, a revocable permit request by Lincoln Centurion Retail, LLC., located at 643-657 Lincoln Road, to permit a proposed awning that projects over the public right-of-way,with dimensions not to exceed one hundred feet by nine feet (100' x 9') along the sidewalk; and finding that the revocable permit meets the criteria of Section 82-94, of the City Code. PASSED and ADOPTED this 14th day of October, 2015. t • ATTEST: . ..� „ 'Ad �s(' Q. P,hllip Le:;;-,Mayor Rafael rangy, f ity Clerk 3 ' ��, g �—' ,. '., INCORP ORATED: • APPROVED AS TO 9a-y •art, j� 26N'\ r FORM &LANGUAGE °'''��•.h..•��'° &FOR EXECUTION • iomis- City Att. : f • T:\AGENDA\2015\October\PUBLIC WORKS\Revocable Permit 643-657 Lincoln-Reso.doc COMMISSION ITEM SUMMARY Condensed Title: A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Pursuant To Section 82-93(A) Of The City Code, To Consider Approving, After Second Reading And Public Hearing, A Revocable Permit Request By Lincoln Centurion Retail, LLC., Located At 643-657 Lincoln Road, To Permit A Proposed Awning That Projects Over The Public Right-Of-Way, With Dimensions Not To Exceed One Hundred Feet By Nine Feet (100' X 9') Along The Sidewalk; And Finding That The Revocable Permit Meets The Criteria Of Section 82-94, Of The City Code. Key Intended Outcome Supported: Supporting Data (Surveys, Environmental Scan,etc.): N/A Item Summary/Recommendation: Public Works is in receipt of a revocable permit application by Lincoln Centurion Retail, LLC., a Delaware limited liability company authorized to do business in the state of Florida, the owner of.the property located at 643-657 Lincoln Road. The Applicant is proposing to remove an existing awning extending into the City's right-of-way, and replace it with a cellular type cantilever awning. At its July 8, 2014, the Historic Preservation Board (HPB) granted a Certificate of Appropriateness for the demolition of the existing structure and a Certificate of Appropriateness for the construction of a replacement structure with a newer design. The proposed awning is to project over the sidewalk and is not to exceed the revocable permit application request for a projection of one hundred feet in length by nine feet in width (100'x 9'). Pursuant to Section 82-93(a) of the City Code, the City Commission, at its September 30, 2015 meeting, passed and adopted Resolution No. 2015-29139, authorizing the setting of a public hearing for October 14, 2015, to consider the request for a revocable permit and, additionally, in accordance with Section 82-93(b) of the City Code, mailed notice of the public'hearing has been provided to owners of land lying within 375 feet of the existing permit area. Public Works has analyzed the criteria contained in Sections 82-94 and believes the application to be consistent with the criteria therein. Pursuant to Section 82-94, the City Commission is to review the application to determine whether the revocable permit shall be granted or denied based upon existence of the following criteria: The applicant's need is substantial; The applicant holds title to an abutting property; The proposed improvements comply with applicable codes, ordinances, regulations, neighborhood plans and laws; 4. The grant of such application will have no adverse effect on governmental/utility easements and • uses on the property; 5. Alternatively: a). That an unnecessary hardship exists that deprives the applicant of a reasonable use of the land, structure or building for which the revocable permit is sought arising out of special circumstances and conditions that exist and were not self-created and are peculiar to the land, structures or building involved and are not generally applicable to other lands, structures or buildings in the same zoning district and the grant of the application is the minimum that will allow reasonable use of the land, structures or building; or b).That the grant of the revocable permit will enhance the neighborhood and/or - 'community by such amenities as, for example, enhanced landscaping, improved drainage, improved lighting, and improved security; 6. That granting the revocable permit requested will not confer on the applicant any special privilege that is denied by this article to other owner of land, structures or buildings subject to similar conditions located in the same zoning district; and 7. That granting the revocable permit will be in harmony with the general intent and purpose of this article, and that such revocable permit will not be injurious to surrounding properties, the neighborhood, or otherwise detrimental to the public welfare. In order to grant a revocable permit, the city commission must make an affirmative finding with respect to each of the criteria set forth above. These findings may be made by one motion addressed to all findings or, at the request of any member of the commission, a finding or findings shall be considered separately. The conditions for the revocable permit comply with the requirements of Section 82-95, as it relates to the terms and conditions for the issuance of the permit, and conditions for its termination. THE ADMINISTRATION RECOMMENDS APPROVING THE RESOLUTION. Advisory Board Recommendation: N/A Financial Information: Source of Amount Account Funds: 1 OBPI Total _ Financial Impact Summary: City Clerk's Office Legislative Tracking: Eric T. Carpenter,ext.6012 Sign-Offs: Department I;_-ctor Assistant Ci !ana•er Cit M �_. JJF —<'r ETC � JLM v�I. T:\AGENDA\2015\Oc ober\PUBLIC WORKS\Revocable Permit.Summ ry.•ocx - Agenda Item 7 C MIAMIBEACH Date /0-/Y,.t MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Member'. of t i- City Commission SECOND READING FROM: Jimmy L. Morales, City Manager/ PUBLIC HEARING - DATE: October 14, 2015 SUBJECT: A RESOLUTION OF THE MAY '- AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PURSUAN TO SECTION 82-93(A) OF THE CITY CODE, TO CONSIDER APPROVING, AFTER SECOND READING AND PUBLIC HEARING, A REVOCABLE PERMIT REQUEST BY LINCOLN CENTURION RETAIL, LLC., LOCATED AT 643-657 LINCOLN ROAD,TO PERMIT A PROPOSED AWNING THAT PROJECTS OVER THE PUBLIC RIGHT-OF-WAY, WITH DIMENSIONS NOT TO EXCEED ONE HUNDRED FEET BY NINE FEET(100'X 9')ALONG THE SIDEWALK; AND FINDING THAT THE REVOCABLE PERMIT MEETS THE CRITERIA OF SECTION 82-94, OF THE CITY CODE. BACKGROUND Public Works is in receipt of a revocable permit application by Lincoln Centurion Retail, LLC., a Delaware limited liability company authorized to do business in the state of Florida,the owner of the property located at 643-657 Lincoln Road.The Applicant is proposing to remove an existing awning extending into the City's right-of-way, and replace it with a cellular type cantilever awning. At its July 8, 2014, the Historic Preservation Board (HPB) granted a Certificate of Appropriateness for the demolition of the existing structure and a Certificate of Appropriateness for the construction of a replacement structure with a newer design. The proposed awning is to project over the sidewalk and is not to exceed the revocable permit application request for a projection of one hundred feet in length by nine feet in width (100' x 9'). Pursuant to Section 82-93(a) of the City Code, the City Commission, at its September 30, 2015 meeting, passed and adopted Resolution No. 2015-29139, authorizing the setting of a public hearing for October 14, 2015, to consider the request for a revocable permit and, additionally, in accordance with Section 82-93(b) of the City Code, mailed notice of the public hearing has been provided to owners of land lying within 375 feet of the existing permit area. Public Works has analyzed the criteria contained in Sections 82-94 and believes the application to be consistent with the criteria therein. Pursuant to Section 82-94,the City Commission is to review the application to determine whether the revocable permit shall be granted or denied based upon existence of the following criteria: 1. The applicant's need is substantial; 2. The applicant holds title to an abutting property; Commission Memorandum—643-657 Lincoln Road Revocable Permit October 14, 2015 Page 2 of 2 3. The proposed improvements comply with applicable codes, ordinances, regulations, neighborhood plans and laws; 4. The grant of such application will have no adverse effect on governmental/utility easements and uses on the property; 5. Alternatively: a. That an unnecessary hardship exists that deprives the applicant of a reasonable use of the land, structure or building for which the revocable permit is sought arising out of special circumstances and conditions that exist and were not self-created and are peculiar to the land, structures or building involved and are not generally applicable to other lands, structures or buildings in the same zoning district and the grant of the application is the minimum that will allow reasonable use of the land, structures or building; or b. That the grant of the revocable permit will enhance the neighborhood and/or community by such amenities as, for example, enhanced landscaping, improved drainage, improved lighting, and improved security. 6. That granting the revocable permit requested will not confer on the applicant any special privilege that is denied by this article to other owner of land, structures or buildings subject to similar conditions located in the same zoning district; and 7. That granting the revocable permit will be in harmony with the general intent and purpose of this article, and that such revocable permit will not be injurious to surrounding properties, the neighborhood, or otherwise detrimental to the public welfare. In order to grant a revocable permit, the city commission must make an affirmative finding with respect to each of the criteria set forth above. These findings may be made by one motion addressed to all findings or, at the request of any member of the commission, a finding or findings shall be considered separately. The conditions for the revocable permit comply with the requirements of Section 82-95, as it relates to the terms and conditions for the issuance of the permit, and conditions for its termination. CONCLUSION the Administration recommends approval of the revocable permit request Attachments: A. Letter of Intent B. Opinion of Title and Policy C. Survey Sketch and Legal Description D. Existing and Proposed Canopy Design E. Proposed Plans JM\ETC\ ! M/EB • Attachment- A Lincoln Centurion Retail LLC 512 Seventh Avenue, 38th Floor New York, NY 10018 (212)204-3450 June 15,2015 Via Hand Delivery City of Miami Beach City Commission 1700 Convention Center Drive Miami Beach, Florida 33139 R_ e: 643-657 Lincoln Road Beach, FL 33141 Gentlemen and Ladies: This letter is a request for your approval of a revocable permit for a new canopy structure at the Lincoln • Road façade of the referenced property,which will replace an existing canopy structure. i . Based on the requirements listed in Section 82-94 of the City of Miami Beach Code of Ordinances "Criteria for granting/denying revocable permits',the Applicant shall demonstrate: (1) That the applicant's need is substantial; The applicant is replacing an existing awning structure with a new canopy structure that will enhance • -the Lincoln Road facade of the commercial property. Granting of the revocable permit will allow for the continued development of an urban neighborhood, and harmoniously blend with the surrounding properties. erties. (2) That the applicant holds title to an abutting property; The applicant has provided copies of the title policy and boundary survey for the property. (3) That the proposed improvements comply with applicable codes, ordinances, regulations, neighborhood plans and laws; The applicant has obtained approval from the City of Miami Beach Historic Preservation Board(File# 7439, July 2014), and a building permit(Permit#B1500230)for the proposed improvements. (4) That the grant of such application will have no adverse effect on government/utillty easements and uses on the property; Granting the request for a revocable permit will not have adverse effect on easements or uses of the property. (5) Alternatively: a. That an unnecessary hardship exists that deprives the applicant of a reasonable use of the land, structure or building for which the revocable permit is sought arising out'of'special circumstances and conditions that exist and were not self-created and are peculiar to the land, structures or building involved and are not generally applicable to other lands, structures or buildings in the same zoning district and the grant of the application is the minimum that will allow reasonable use of the land, structures or building;or; b. That the grant of the revocable permit will enhance the neighborhood and/or community by such amenities as, for example, enhanced landscaping, improved drainage, improved lighting, and improved security. Not Applicable • Lincoln Centurion Retail LLC 512 Seventh Avenue, 38th Floor New York, NY 10018 (212)204-3450 June 15,2015 City of Miami Beach City Commission Re: 643-657 Lincoln Road, Miami Beach, FL 33139 Page 2 (6) That granting the revocable permit requested will not confer on the applicant any special privilege that is denied by this article to other owner of land, structures or buildings subject to similar conditions located in the same zoning district. Granting the revocable permit will not confer on the applicant any special privilege that is denied to other owner of land, structures or buildings subject to similar conditions located within the same zoning district. In fact, failure to grant the revocable permit may deprive the applicant of the ability to develop the property in a manner consistent with similarly situated properties in the zoning district. (7) That granting the revocable permit will be in harmony with the general intent and purpose of this article, and that such revocable permit will not be injurious to surrounding properties, the neighborhood, or otherwise detrimental to the public welfare. Granting the revocable permit will be in harmony with the general intent and purpose of the Code of Ordinances, and will not be injurious to surrounding properties, the neighborhood, or otherwise detrimental to the public welfare. The land development regulations encourage the implementation of effective and equitable policies with respect to property owners. The proposed improvements of the property will accomplish this goal by allowing a quality development, which may encourage a greater number of patrons to this iconic Lincoln Road area. Your kind consideration would be greatly appreciated. Respectfully, • C-- Albert M. Cohen Member Lincoln Centurion Retail LLC 1 Attachment - B ,FCS I-3'Y PL Value Added Lawyerurem BRIAN LOUIS LIPSITY,ESQ. ALSO ADMITTED IN WASHINGTON O C DIRECT NUMBER:581.330.0660 X 202 EMAIL.:llpIy@Maw.com June 11,2015 City of Miami Beach Office of the City Attorney 1700 Convention Center Drive,4th Floor Miami Beach,Florida 33139 RE: Public Works Permit Application of Lincoln Centurion Retail,LLC,a Delaware limited liability company for Lincoln Road. Gentlemen: We render this opinion as counsel to Lincoln Centurion Retail,LLC,a Delaware limited liability company,(hereinafter"ICR")in connection with an examination of title with respect to that certain real property described as See Exhibit"A"(the"Property") which is located in the City of Miami Beach,Florida together with that portion of Lincoln Road which is abutting the Property and which is the subject matter of.LCR's Public Works Permit Application(the"City Proverty"). . I In rendering the opinion hereinafter set forth, we have examined, among other things, deeds and other instruments filed of record in the Official Records of Miami-Dade County, Florida. Except to the extent expressly set forth herein, we have not undertaken any independent investigations nor have we conducted a physical inspection of the Property or the City Property to determine the existence or absence of facts relating to the following matters which could affect title to the Property,including; 201 N.E.First Avenue•Delray Beach,Florida 33444.561.330.0660•Facsimile 561.330.0610•www.sl-law.com )- SAIAGA/LIPSHY, PL • ;I Value Added 8 Law ertn �" y City of Miami Beach Office of the City Attorney June 11,2015 Page 2 1 1. Problems of parties in possession(such as adverse possession). 2. Unrecorded easements,reservations,licenses or other agreements or options. 3. Unrecorded leases.. 4. Unfiled mechanic's liens. 5. Access to the Property from public or private roads. 6. Water availability or rights. 7. Navigability of adjacent or included waters. 8. Existence or characteristics of particular kinds of improvements. 9. Zoning or other exercise of governmental police power. Accordingly, no inference as to our knowledge of the existence or absence of facts pertaining to such matters should be drawn from our opinion. Based upon and subject to the foregoing and to the qualifications, limitations and exceptions contained below,it is our opinion that: i) Fee simple title to the Property Is vested in LCR by virtue of that certain special warranty deed dated January 13,2014,filed for record in Official Records Book 28991,at page 3378 of the Public Records of Miami Dade County,.Florida. ii} Title to the City Property is vested in the City of Miami Beach by virtue of: j A. Dedications appearing on the following plats: 1. Fisher's First Subdivision of Alton Beach,according to the Plat thereof,as recorded in Plat Book 2,at Page 77 of the Public Records of Miami-Dade County.Florida. 2. Plat of Pine Ridge Subdivision of the Alton Beach Company,according to the Plat thereof, as recorded in Plat Book 6, at Page 34 of the Public Records of Miami-Dade County,Florida. 3. Second Commercial Subdivision of the Alton Beach Company.according to the Plat thereof, as recorded in Plat Book 6, at Page 33 of the Public Records of Miami-Dade County,Florida 4. Lincoln Road Subdivision, according to the Plat thereof, as recorded in Plat Book 34, at Page 66 of the Public Records of Miami-Dade County, t I. tt`r SARAG IPSITY, PI, t Value Added Iraw erin T" City of Miami Beach Office of the City Attorney June 11,2015 Page 3 Florida. 5: Amended Plat of Golf Course Subdivision of the Alton Beach Realty Company, according to the Plat thereof, as recorded in Plat Book 6, at Page 26 of the Public Records of Miami-Dade County,Florida. 6. Alton Beach Company's Plat of Block Forty-Six, according to the Plat thereof, as recorded in Plat Book 4, at Page 102 of the Public Records of Miami-Dade County,Florida. 7. Alton Beach Company's Plat of Subdivision of West Half of Blocks 17, 40 and 45, according to the Plat thereof, as recorded in Plat Book 4, at Page 102 of the Public Records of Miami-Dade County,Florida. 8. First Addition to Commercial Subdivision of the Alton Beach Company, according to the Plat thereof,as recorded in Plat Book 6,at Page 30 of the Public Records of Miami-Dade County, Florida. Commercial Subdivision of the Alton Beach Company,according to the Plat thereof,as recorded in Plat Book 6, at Page 5 of the Public Records of Miami-Dade County, Florida. 9. Alton Beach Company's Plat of Subdivision of Block Forty-Four of Alton Beach Bay Front,according to the Plat thereof,as recorded in Plat Book 6, at Page 166 of the Public Records of Miami-Dade County,Florida. 10. Alton Beach Company's Plat of Alton Beach Bay Front, according to the Plat thereof,as recorded in Plat Book 4,at Page 125 of the Public Records of Miami-Dade County,Florida. The foregoing dedications were formally accepted by Miami-Dade County (formerly known as Dade County)on January 12, 1960 by Dade County Resolution 4406 file for record in Official Records Book 1884, at Page 501 of the Public Records of Miami-Dade County, Florida. Even assuming for the moment that Miami-Dade County was not the proper governmental entity (given that the City of Miami Beach was incorporated in March, 1915),the dedications should be deemed completed based upon the following: i) As stated by the Florida Supreme Court, "When the owner of a tract of land makes a town plat thereof, laying the same out into blocks and lots, with intervening streets, clearly indicated upon the plat, separating the blocks, and conveys lots with reference to such plat, he thereby • 0-\ SARAGA/LIPSHY, PL Value Added Lawyer:. "' y g City of Miami Beach Office of the City Attorney June 11,2015 Page 4 evinces an intention to dedicate the streets to public use as such; and his grantees, as against him and those claiming under him,acquire the right to have such streets kept open.This constitutes a complete dedication,and the streets cannot be closed up or obstructed,unless in pursuance of legal authority." See Price v.Stratton,45 Fla.535,33 So.644(1903) ii). Florida Statute § 95.361 (2) which provides that where a road has been constructed and it cannot be determined who constructed the road, and when such road has been regularly maintained or repaired for the immediate past 7 years by a municipality, such road shall be deemed to be dedicated to the public to the extent of the width that actually has been maintained or repaired for the prescribed period, whether or not the road has been formally established as a public highway.The dedication shall vest all rights,title,easement,and appurtenances in and to the road in the municipality, if it is a municipal street or road. B. That certain Warranty Deed dated June 17, 1930 filed for record in Deed Book 1388, at Page 155 of the Public Records of Miami-Dade County, Florida, as affected by that certain Order dated August 13,2004,filed for record in Official Records Book 22615,at Page 3014 of the Public Records of Miami-Dade County,Florida. We advise you that in addition to the aforementioned exclusions,this opinion as to the Property is subject to the following matters: 1. All matters appearing in Chicago Title Insurance Company Owner's Policy of Title Insurance Policy Number 36137-1-084132-010500-2014.7430609-90567931,a copy of which is attached hereto and incorporated herein. 2. 2015 Real Estate Taxes which became a lien as of January 1,2015 and which are not yet due or payable Our opinion is strictly limited to matters governed by the laws of the State of Florida,and we express no opinion concerning the laws of other jurisdiction or compliance therewith by any party. This opinion is issued as of the date hereof with an effective date of and is necessarily SA.RAG.A/LIPSITY PL <1,_ Value Added Lawyerinp City of Miami Beach Office of the City Attorney June 11,2015 Page 5 limited to laws now In effect and fhcts and circumstances brought to our attention. Our opinion is provided for your benefit and may not be quoted or relied upon by,nor copies delivered to,any party other than you or LCR,nor used for any other purposes without our prior written consent. Sincerely, SARA .; 14,/ an Louis Lipshy Ft, ida Bar Number 0008930 BLL:jp Exhibit"A" Lot one (1) of Block one (1), of LINCOLN ROAD SUBDIVISION "A", of The Alton Beach Realty Company, as the same is shown, marked and designate d on a plat of said subdivision, recorded in Plat Book No, 34, at Page 66 in the Office of the Clerk of the Circuit Court in and for Miami-Dade County, Florida; ALSO those lands in Miami-Dade County, Florida, described a i follows: From a concrete monument located at the intersection of the West line of Jefferson - - Avenue- and-the •North line -on--Lincoln—Road; as said -monument is shown-on-a-plat— entitled "Amended Plat of Golf Course Subdivision",as the same is recorded in Plat Book 6, Page 26 of the Public Records of Miami - Dade County, Florida, more particularly described as being 1350' East and 270 feet North of the Southwest corner of the NW 1/4 of Section 34, Township 53 South, Range 42 East, run Easterly along the North line of Lincoln Road a distance of 794.20 feet to the Point of Beginning of the parcel of land herein described; from said Point of Beginning run Northerly along a line perpendicular to the last mentioned course a distance of 105 feet to a point,said point being 20 feet South of the Southerly line of the Municipal Golf Course, in the City of Miami Beach, Florida; thence run Easterly along a line parallel with the North line of Lincoln. Road a distance of 50 feet to a point, thence run Southerly along a line perpendicular to the North line of Lincoln Road, a distance of 105 feet to a point; thence run Westerly along the North line of Lincoln Road a distance of 50 feet to the Point of Beginning of the parcel of land herein described. INSURRNCHTeeMPANY POLICY NO,:36137-1-08413241050040 l 4.7430609-90367931 OWNER'S POLICY OF TITLE INSURANCE Issued.by Chicago Title Insurance Company Any notice of claim end any other noUce or statement In writing required to be given to the Company under this Pollcy must be given to the Company at the address shown In Section 10 of the Conditions, COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B,AND THE CONDITIONS,CHICAGO TITLE INSURANCE COMPANY,a Nebraska corporation, 'Compaq')insures,as of Date of Po coup (the pe � Policy,against loss.or damage,not exceeding the Amount of • Insurance,sustained or incurred by the insured by reason of: • 1. TU1e being vested other than as stated in Schedule A. 2. Any defect In or lien or encumbrance on the Title,This Covered Risk Includes but is not limited to Insurance against loss from (a) A defect in the Trite caused by • (1) forgery,fraud,undue Influence,duress,Incompetency,Incapacity,or impersonation; (il) figure of any person or Entity to have authorized a transfer or conveyance; (iil) a document&Biding Title not properly created,executed,witnessed,sealed,acknowledged,notarized,or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified,expired,or otherwise Invalird power of-t omey; - (vi) a document not property flied,recorded,or Indexed in the Public Records Including failure to perform those acts by electronic means authodzed by law;or • (vii) a detective Iodide!or administrative proceeding. • (b) The fan of real estate taxes or assessments unposed on the Title by a governmental authority due or payable,but unpaid. (c) Any encroachment,encumbrance,violation,variadfon,or adverse circumstance affecting'he'Title that would be disclosed by an accurate and complete lend survey of the Land,The term°encroachment'includes encroachments of existing improvements located on the Lend onto adjoining land,and encroachments onto the Lend of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law,ordinance,permit,or governmental regulation(inducting nose relating to building and zoning)restricting,regulating, prohibiting,or relating to (a) the occupancy,use,or enjoyment of the Land; (b) the character,dimensions,or location of any improvement erected on the Land; (c) the subdivision of lend;or (d) environmental protection if a notice,describing any part of the Land,is recorded In the Public Records setting forth the violation or Intention to enforce,but only to the extent of the violation or enforcement referred loin that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk b if a notice of the enforcement action,denoting any port of the Land,is receded In the Public Records,but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain If a notice of the exercise,describing any part of the Laid,is recorded in the Public Records. 8. My taking bye governmental body Mal has occurred end Is binding on die rights of a purchaser for value without Knowledge. 9, Title being vested other than as stated In Schedule A or bring defective (a) as a resin of the avoidance In whole or in part,or from a court order providing an alternative remedy,of a transfer of all or any part of the title to array Interest In the Land occurring prior to the transaction vesting Title as shorn in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy,state Insolvency,or similar creditors'rights laws;or A LTA O,aneet Policy(6117106) 723060a 1 of 6 (wr6f Roads Modhncati ns Copyright American Land tile Association.All rights reserved.The use of this Form is restricted to ALTA licensees and ALTA members In goad :landing as of die dotter use.All other uses are prohibited.Reprinted wxicr license from the American Land Title Association. • (b) because the Instrument of transfer vesting Title as shown In Schedule A constitutes a preferential transfer under federal bankruptcy,state insolvency,or entity creditors'rights laws by reason of the failure of Its recording In the Public Records (I) to be timely,or (II) to Impart notice of Its existence to a purchaser for value or to a judgment or Ian creditor. 10. Any defect In or tenor encumbrance on the Title or other matter included to Covered RIsks i through 9 that has been created or attached or has been ttled or recorded In the public Records subsequent to Date of Policy and prior to the recording of the deed or other Instrument of transfer to the Pudic Records that vests Title as shown In Schedule A. The Company wlU also pay the costs,attorneys'fees,and expenses Incurred In defense of any matter Insured against by this Poficy,but only to the extent Provided in the CondlUons. In WBness Whereof,CHICAGO TITLE INSURANCE COMPANY,has caused Ibis policy to be signed and sealed as of Data of Policy shown In Schedule A, the policy to become valid when countersigned by an authorized signatory of the Compenp.__ _ —-— --__--_ _-._-. _._ _..._ ... CHICAGO TITLE INSURANCE COMPANY . fk: r v r i r LII•"I �� /�,�I i�we i gneST A► Countersigned: Authorized Signatory 36137PL 084132-010500 Chicago Title Insurance Company 13800 NW 14th St.,Suite 190 Sunrise,PL 33323 Tel;(786)228.3900 Fax:(786)228-3912 ALTA Ormoes Porky(6117!06) 720009 2 or n YWlA Rortaa rdodi dons Copyright Amerkaa Lend Titk Ass clstlon.All rights reserved.The use of this form is restricted to ALTA Scams and ALFA ssambers In good w..�n n standh ig tai alb.date ofwe.All other user are prohibited.Reprinted under(tocnso from lho American Land Tido Association. �""W"� • • • i F.'• { • • • EXCLUSIONS FROM COVERAGE The following matters ON expressly excluded from the coverage of this (a) created,suffered,assumed,or agreed to by the insured Claimant policy,and the Company will not pay bss or damage,Costs,attorneys'fees, (b) not Known to the Company,not recorded In the Public Records at or expenses that arise by reason of: Dale of Policy,but Known to the insured Ciabnant and not disclosed ordinance melt,or governmental In writing to the Company by the insured Claimant prim to the date I. (a)Arryy iaw, ,permit, g regulation(Including the Insured Claknant became an Insured under this police those relating to budding and zoning)reatrlcing,regulating,prohlbfing,or (c) resulting In no loss or damage to the insured Claimant; relating to (d) attaching or sealed subsequent to Date of Policy;yr (I) the occupancy,use or enjoyment of the Land: (e) resulting in loss or damage that would not have been sustained U the (II) the diameter,dimensions,or location of any Improvement insured Claimant had paid value for the Tile. • erected on the Lend; 4. Any dam,by reason of the operation of federal bankruptcy,state (Ill) the eubdMdon or land;or insolvency,or similar creditors'rights laws,that the tnansaction vesting the • (Iv) environmental protecUom Trite es shown in&halite A,Is _ _. _--or Ste effect M enyvieldert of these laws,adbences,or -- - -- — - - - -. .. __- governmental regulations.This Exclusion 1(a)dose not m o d i f y hell (a). a fraudule conveyance of(radii-Tint transfer,or - - - - the coverage proulded under Covered Risk 6. (b) a preferential transfer for any reason not stated In Covered Rink 9 of (b) Any governmental police power.This Excbisbn 1(b)does not modify this policy. or limit the coverage provided under Covered Risk 8. 5. Any lien on the TMe for real estate taxes or assessments Imposed by 2. Rights of eminent domain,This Exclusion does not mulatto Ural the governmental authority and seated ar aitacthing between Date of Policy coverage provided under Covered Risk 7 or e. and the date of recording of the deed or outer instrument of transfer to the Public Records that vests Title as shown In Schedule A. 3. Defects,Pens,encumbrances,adverse claims,or other matters • CONDITIONS 1. DEFINITION OF TERMS insured named In Sdhedule A for estate planning The following terms when used In this policy mean; oses' II With regard fA 8 a e rights (a) %watt of Issurance':The amount slated In Schedule A,as maybe O (A),( ),( and(D)reserving,Me tg,low vet,all increased or decreased by endorsement to fhb Foley,increased by and defenses as to any successes lttat the Company would have Section 11(b),or decreased by Sections 10 and 11 of these had against any predecessor Insured. Coalitions. (e) 'Insured Claimant':An insured claiming loss or damage. (b) 'Dale of Policy':The date designated as'Oats of Poky"In Schedule (I) 'Knowledge'or'Known':Actual knowledge,notconstuctive A. knowledge or notice that may be Imputed to en Insured by reason of (o) °Entity':A caporaaon,partnership,trust,limited daWpty company,or the Public Records or any other records that Impart constructive other sinter legal entity. notice of matters affecting the Title. (d) 'insured':The Insured named in Schedule A. (g) 'Land':The land described in Schedule A,and affixed Improvements (I) The lamt'Insured'also Includes that by law constitute real property.The farm'Land'does not include any property beyond the tines of the area described In Schedule A, (A) successors to the Title of the Insured by operation of law nor any right,like,interest,estate.or easement in abutting streets, as distinguished from purchase,including heirs,devisees, made,avenues,alleys,lanes,ways,orwalerways,but tiffs does not survivors,personal representalives,or next of kin; moddy or droll the extent bat a right of access to and born the Lam!Is (8) successors to an insured by dissolution,merger, Insured by this policy. consolidation,distribution,or reorganization; (h) 'Mortgage':Mortgage,deed of bust,trust deed,or other security (C) of cceasma to an Insured by Its conversion to another kind by i ment,including one evidenced by dot-trade means authorized (0) a grantee of an Insured under a deed delivered without (I) ' ublic Records';Records established under slate sbtules at Date of payment of actual valuable conslderatlon conveying the Porky for the purpose of knp sang constructive notice of matters Tie relating to leaf papally to purdtasers for value sad without 1 if stock,shares,memberships,or Knowledge.With respect to Covered Risk 6(d),Public Records'shell O y also Include environmental protection liens fled in the records of the interests of the grantee are wholly-owned by the clerk of the United States District Cant for the district where the Land named Insured, Is located. (2) ff the grantee wholly owns the named Insured, 0) "Title';The estate or Interest desalbed in Schedule A. ■ (3) if the grantee is wholly-owned by an dilated Entity of (k) 'Unmarketable Title":Title affected by an alleged or apparent matter the named Insured,provided the situated Entity and that would permit a prospective purchaser or lessee of the Title or the named Insured are both wholly-owned by the lender on the Title to be released from the obligation to purchase, same person or Entity,or lease,or lend If there is a contractual condition requiring the delivery (4) it the grantee Is a trustee or beneficiary of a trust of marketable titrt created by a wrttten Instrument established by the 7g30ee9 3 0!0 ALTA Owners Palley(W17105) iwrlh Fiends Modldwuoras) Copyright American Lend Title Auodalloa.All rights reserved The use of this Form is reslrlc td to A1.TA licensees and ALTA members in good standing as of the data dose.MI other uses are prohibited.Reprinted wider license from the American Land Title Association. 2. CONTINUATION OF INSURANCE 0. DUTY OF INSURED CLAIMANT TO COOPERATE The coverage of this policy shat)continue in force as of Date of Policy in (a) In all cases where his policy pemdts or requires the Company to favor of an Insured,but only so long as the Insured retains an estate or prosecute or provide far the defense of any action or proceeding and interest In the Land,or holds an obligation secured by a purchase money any appeals,the insured shalt secure to the Company the right b so Mortgage given by a purchaser ken the insured,or only so tong as the prosecute or provide defense In the action or proceeding,including insured shall have liability by reason of warranties In any transferor the right to use,at its option,the name of the Insured for this purpose. conveyance of the Trite.This policy shad not continue In tome In favor of Whenever requested by the Company,the insured,at the Company's any purchaser from the Inured of either(i)an estate or interest In the expense,shall give the Company reasonable aid m In securing Land,or(II)an obligation secured by a purchase money Mortgage given to evidence,obtaining witnesses,prosecuting or defending the adon or the Insured. proceeding,or effecting settlement,and(Ii)in any other lawful act that 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT In the*Ion of the Company maybe necessary or desirable to establish the Title or any other matter as insured ii the Company is 1 The Insured shad noUty the Company promptly lo writing(1)ts ease of any prejudiced by the failure of the insured to furnish the required tpgaUon as setforth i Section G(a)of these Conddtians,(N}ki case cooperation,the Company's obigations to the insured under tine —Knowledge shah come to en Irtaured haretmdar of any clelm offife or----•-- - - - pofcystm>ill temdnats,Jnclumng any lfabil ty or obligation to defend; •- interest that is adverse to the Title,as insured,end that night cause loss prosecute,or continue any litigation,%tith regard to the matter or or damage for which the Company maybe liable by virtue rings policy,or matters requiring such cooperation, (IQ if the Tine,as insured,Is rejected as tfimarketabie Title.a the (b) The Company may reasonably require the Insured Claimant to submit Company Is prejudiced by the failure of the Insured Claimant to provide to examination under oath by any authorized representative of the prompt note,the Company's Nabldty to the insured Claimant under the Company and to produce for exandnatlon,Inspection,and copying,at policy than be reduced to the extent of the prejudice. such reasonable dines mid places as may be designated by the 4. PROOF OF LOSS medium representative of the Company,all records,In whatever medium maintained,Including books,ledgers,checirs,memoranda, In the overate Company Is unable to determine the an •unt of loss or correspondence,reports,* malls,disks,tapes,and videos whether I damage,the Company may,et its option,require as a condition of bearing a date before or alter Oats of Pocky,that reasonably pertain payment that the insured Claimant furnish a signed proof of loss.The to the toss or damage.Further,if requested by any authorized prooiof loss must describe the defect,Ben,encumbrance,or other matter represenletve of the Company,the Insured Claimant shall grant Its insured against by this pokey that constitutes the basis airless or damage penrdsslon,in writing,for any authorized representative of the I and shall state,to the extent possiblee,the basis of calculating the amount Company to examine,Inspect,and copy an of these records In the of the loss or damage. custody or control of a third party reasonably pertain to the loss 5. DEFENSE AND PROSECUTION OF ACTIONS or damage.All information designated as confidential by tie Insured Claimant provided to the Company pursuant to fhb Section than not (a) Upon written request by the Insured,and subject to the options be dtsdosed to others unless,hi the reasonable judgment of the ' contalhed in Section 7 of these Conditions,the Company,atria own Company,It is necessary lo the administration of the daim.Failure of cost and without unreasonable delay,shad provide for the defense of the Insured Claimant to submit for examination under oath produce an insured In litigation In which any third party asserts a Beim -any reasonably requested intormetan,or grant permission to secure covered by Ids poky adverse to the insured.This ob fgaion is masonably necessary Information from third parties as required in this limited to only those stated causes of action alleging matters Insured subsection,unless prohibited by law or governmental regulation,shall against by this policy.The Company shall have the right to select terminate any llabilfty of the Company under this policy as to that counsel of Its choice(subject to the right of the insured to object for reasonable cause)to represent the Insured as to those stated causes 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;TERMINATION of action.It shall not be liable for and will nol pay the fees of any other OF LIABILITY counsel The Company will not pay any fees,costs,or expenses Incurred by the Insured In the defense of those causes of action that In case of a claim under this poky,the Company abaft have the lonowwt ng allege meters not Insured against by this policy. additional options: (b) The Company shell have the right,in addition to the opUons (a) To Pay or Tender Payment of the Amount of insurance.To pay or contained in Section 7 of these Conditions,at its own cost,to[naiad. bender payment of the Amount of insurance under this policy together and prosecute any action or proceeding or to do any other act that in with sny costs,attorneys'fees,and expenses incurred by the insured Re opinion maybe necessary or desirable to establish the Title,as Claimant that were authorized by the Company up to die lime of Insured,or to prevent or reduce toss or damage to the Insured,The payment or tender of payment and that the Company Is obi{goted to Company may take any appropriate action under the terms of this pay, policy,whether or not it shell be liable to the Insured.The exercise of these rights shall not be an admission of Ilabiity or waterer of any Upon the exercise by the Company of this option,all llabSly and provision of this policy.If the Company exercises Its rights under lids obligations of the Company to the Insured under this policy,other subsection,N must do so diligently. than to make the payment required in this subsection,shell terminate, (c) Whenever the Company brings an action or asset's a defense as including any liability or obligation to defend,prosecute,or continue requited or permitted by this policy,the Company may pursue the any Irilgato1 litigation b a final dete<minatlon by a court of competent jurfadlctlon, (b) To Pay or Otherwise Sette With Parties Other Then the Insured or and it expressly reserves the right,In Its sole discretion,to appeal any With the insured Claimant adverse judgment or order. (I) to pay or otherwise settle with other parties for or In the name of an Insured Claimant any claim Insured against under this policy. in addlUon,the Company will pay any oasts,attorneys'fees,and AI.TA owners Pei*01117100) 7230005 - !018 inlet Rodda Modifications) Copyright American Ua+Tills Association.All rights reserved.The we of this Form is restricted to ALTA licensees and ALTA members In good . standing as ofthe dote of we.All other uses are prohibited.Reprinted under license from the American Land Title Assooletion. • expenses Incurred by the Insured Claimant thatwere authorized 11. UABILiTY NONCUMULATIVE . by the Company up to the Ume of payment and that the ,The Amount of Insurance shalt be reduced by any amount the Company Company is obligated to pay;or pays under any policy Insuring a Mortgage to which exception Is taken h (n) to pay orotherwhse seek,with the insured Claimant the loss or Schedule 8 or to which the Insured has agreed,assumed,or tairen damage provided for under Iris policy,together with any costs, subject,or which Is executed by an insured after Date of Policy and which 1 attorneys'fees,and expenses Incurred by the insured Claimant is a charge or lien CO the Tele,and the amount so paid shall be deemed a that were authorized by the Company up to the Ume of payment payment!Q the Insured under this potty. ' and that the Company is obligated to pay. • Upon the exercise by the Company of either of the options provided 13, PAYMENT OF 1088 for In subsections(bni)or(T)•the Company's obligations to the When lately and the extent of toss a damage have been definitely fixed Insured ureter this policy for the claimed loss or damage,other than in accordance wtm these Conditions,the payment shaU be made within 30 the payments required W be made,shy terminate,Including any days. lability or obligation to defend,prosecute,or continue any Won. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 8. DETERMINATION AND EXTENT OF LIABILITY (a)•-Whenever the Company ghat!have setthsd and paid a dahn under - - .. .. -. .._ This policy is a contract of.inde nnity against actual monetary loss or this policy,a shall beaubrogated and entitled to the•righb of the damage sustained or Incurred by the Insured Claimant who has suffered Insured Claimant In the Tttie and all other rights and remedies in loss or damage by reason of matters Insured against by tits policy. respect to the dab that the insured Claimant tram against any person (a) The extent d flabgity of the Company for bas or dams under sites or property,to the extent of the amount of arry loss,costs,attorneys' policy shell not exceed the lesser of tees,and expenses paid by the Company.If requested by the Company,the insured Claimant that execute documents to evidence the Amount of insurance;or the transfer lo the Company of these rights and remedies.The (II) the difference between the value of the Tire as insured and the Insured Claimant shall permit the Company to sue,compromise,or value at the T1tle.subJect to the risk Insured against by this settle in the name of the insured Clifton!and to use the name of the pdky• Insured Claimant in any transaction or iNgatfon involving these rights • (b) if the Company pursues its rights under Section 5 of these Conditions end remedies. . and Is imsuccessdul In establishing the Tice,as insured, if a payment on account of a claim does not fully cover the loss of the (i) the Amount of Insurance shad be Increased by 1096,and Insured Claimant,the Company shat defer the exercise of its right to (II) the insured Claimant shat have the right to have the toss or recover until after the insured Claimant shall have recovered as less. ' damage determined either as of the date the claim was made by (b) The Company's right of subrogation includes the rights at the Insured ' life Insured Claimant or as of the data tit Is settled and paid. to Indernnfttas,guaranties,other poNdes of Insurance,or bonds, nohel hslandtng any terms or conditions contained in those (c) In anion to the extent of ilability under(a)and(b),the Company will Instruments that address subrogation rights. also pay those costs,attorneys'tees,and expenses incurred In 14, ARBITRATION accordance with Sections 5 and 7 of these Conditions. 8: LIMITATION OF LIABILITY Unless prohlbftedby applicable law,arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbitration Association may be (a) lithe Company establishes the Title,or removes the alleged defect, demanded V agreed to by both the Company and the Insured at the time of lien,or encumbrance,or cures the lack of a right of access to or from a controversy a dafm.Arbitrable matters may include,but are not blind the Land,or cures the dafm of Unmarketable Tile,all as insured,h a to,any controversy or claim between the Company and the insured arising reasonably diligent manner by any method,Including litigation and the out of or relating to this polity,and service of the Company in connection completion of any appeals,It shall have fully performed Its obilgalbns with Its Issuance or the breach of a policy provision or other obligation. with respect to that matter and shall not be liable for any loss or Arbitration pursuant to this policy and under the Rules In effect on the date damage caused to the Insured. the demand for arbitration is made or,at the option of the Insured,the (b) In the event of any litigation,Indudhg Negation by the Company or Rules in.effed at Date of Policy,hail be binding upon the parties.The with the Company's consent,the Company shall have no liability for award may badude attorneys'fees only If the laws of the state In which the i loss or damage until there has been a final determination by a court Lend Is laded permit a court to award attorneys'fees to a prevailing of competent jurisdiction,and disposition al off appeals,adverse to party.Judgment upon the award rendered by the Arberator(s)may be • the Tale,as insured. entered In any court having Jurisdiction thereof. (c) The Company shat not be liable for has or damage to the insured for The lmv of the sinus.of the tend,hall apply to an arbitration under the Tire liability voluntarily assumed by the insured In setting ng any debit or suit insurance Arbitration Rules.A copy of the Rules maybe obtained from the without the prior written consent of the Company, , , Company upon request. 10 REDUCTION OF INSURANCE;REDUCTION OR TERMINATION OP LIABILITY i . AU payments under this policy,except payments made for costs,attorneys' • fees,and expenses,shall reduce the Amount of Insurance by the amount i of the payment. 1 ALTA Owner's Polley(6/17x06) 7230609 6 6 .,.. ..S Z ...,......,....�........�:...�.r.....• ...�..• - -- -- -- . �.w. nw nr�. -�:...•�.:��... r...sue+ 0 Copyright Marian Wed Me Assodallue.All rights reserved.The use of this Form is restricted to ALTA licensees and ALTA mambas In good y , • .r„n,u ' standing as of the data arum.All other uses are prohibited.Reprinted under license from the American Land Title Association. 1„ Y 1 • • 1 • !A. LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE CONTRACT (a) This policy together with ail endorsements,If any,attached to it by the Companyls the entire policy and contract between the Insured and the Company.In kiteipraling any provision of this policy,this policy shall be construed tombola, (b) Any claim of loss or damage that arises out of the status of the Tine or by any action asserting such dais whether or not based on negligence shall be restricted to this policy. (a) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized parson,or expressly ktcomorated by Schedule A of this policy, (d) Each endorsement to this policy Issued at any Wte is made a part of this policy and is subject to all of Its terms and provisions.Except as the endorsement apes*stales.a does rat m mottiy any of the _ Orme and.pravislana of the policy,(ti)modify any_prior endorsement, (lit)extend the Date of Poll y,or(Iv)Increase the Amount of insurance. • • 18. BEVERABILRY In the event any provisloe of this poky,In whole or in part,is held Invalid or unenforceable under applicable law,the policy shall be deemed not to Include that provision or such part held to be invalid,but all ether provisions shall remain in full force and effect 97. CHOICE OF LAW;FORUM (a) Choice of Lew:The Insured acknowledges the Company has underwritten the risks covered by Ws poky and determined the premium charged therefor in reliance upon the law affecting interests hi real properly and applicable to the interpretation,rights,remedies, or enforcementof policies of tine Insurance of the)udsdlationwhere the Landis located. • (b) Therefore,the court or en arbitrator shall apply the law of the jurisdiction where the Land is located to determine the vatidityol claims against the Tide that are adverse to the Insured and to Interpret and enforce the teens of this poky.In nether case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (o) Chace of Forum:Any legation or other proceeding brought by the insured against the Company must be Eled only in a state or federal court vein the United States of America or its territories having appropriate judsdldbon. 10. NOTICES,WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under tins policy must be given to the Company at Chicago We Insurance Company,Attn:Claims Department,P.O.Box 45023,Jacksonville,FL 32232-5023. MAC/wide Policy(5117IO6) 73308011 6058 Fladda adwosuons s Copyright American Land Title Association.AU rights reserved.The use of this Form is restricted to ALTA licensees and ALTA members in good standing as ortbe date Ouse.All other uses are prohibited.Reprinted under license from the American Land Title Association. • Chicago'Tide Insurance Company POLICY OF TITLE INSURANCE SCHEDULE A Chicago Title Insurance Company Policy Number;7430609-90567931 Order Number:4640396 Customer Reference: 084132-010500 Amount of Insurance:$33,000,000.00 Address References --643 Uncoin Road— - - ----- - - Premiums$72,325.00 -.. . ..- - -- Miami peach,FL 33139 (for Informational purposes only) Date of Policy: 3anuary 15, 2014 at 4:30:18 P.M. 1, Name of Insured: Lincoln Centurion Retail LLC,a.Delaware limited liability company 2. The estate or interest In the Land that Is insured by this policy Is:. Pee Simple 3. Title is vested In: Uncoin Centurion Retail LLC,a Delaware limited liability company by virtue of that certain Special Warranty Deed recorded January 15,2014, In Official Records Book 28991, Page 3376,of the Public Records of Miami- Dade County, Florida. 4. The land referred to In this policy Is described in Exhibit"A"attached hereto and made part hereof. THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED ALTA Owner's Policy(6/17/05) 30609 1 of 3 r_... with Florida Mod_ificadons Copyright American Land Title Assodation.` All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members In good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American land Title Association. Policy No.; 7430609-90567931 Chicago Title iaarance Company Order Nat 4640396 Customer Reference: 064132-010500 EXHIBIT"A" Lot one(1)of Block one(1), of LINCOLN ROAD SUBDIVISION "A", of The Alton Beach Realty Company, as the same Is shown, marked and designated on a plat of said subdivision, recorded in Plat Book No. 34,at Page 66 in the Office of the Clerk of the Circuit Court in and for Miami-Dade County, Florida; ALSO those lands In Miami-Dade County, Florida, described as follows: From a concrete monument located at the intersection of the West line of Jefferson Avenue and the North line on Lincoln Road; as said monument Is shown on a plat entitled "Amended Plat of Golf Course Subdivision°, as the same is recorded In Plat Book 6, Page 26 of the Public Records of Miami- Dade - - - County; Florida, more particularly described as being-1350•-East-and 270 feet North-of-the Southwest- - • corner of the NW 1/4 of Section 34,Township 53 South, Range 42 East, run Easterly along the North line of Lincoln Road a distance of 794.20 feet to the Point of Beginning of the parcel of land herein described; from said Point of Beginning run Northerly along a line perpendicular to the last mentioned course a distance of 105 feet to a point,said point being 20 feet South of the Southerly line of the Municipal Golf Course, in the City of Miami Beach, Florida; thence.run Easterly along a line parallel with the North line of Lincoln Road a distance of 50 feet to a point, thence run Southerly along a line perpendicular to the North line of Lincoln Road,a distance of 105 feet to a point; thence run Westerly along the North line of Lincoln Road a distance of 50 feet to the Point of Beginning of the parcel of land herein described. • • ALTA Owner's Policy(6/17/06) 30609 Florida Modifications Copyright American band Title Assoc anon. All rights reserved. '.:llll'il The use of this Form Is restricted to ALTA licensees and ALTA members in good standing as of the date of use, All `.! " other uses are prohibited. Reprinted under license from the American Land Title Association. Q CIyB 'R Policy No.: 7430609-90567931 OtBe Insurance Company Order No.; 4640396 Customer Reference: 084132.010500 SCHEDULE B EXCEPTIONS PROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs,attorneys'fees, or expenses that arise by reason of; 1. Taxes and assessments for the year 2014 and subsequent years,which are not yet due and payable. .2; Dedications-on the plat of Lincoln-Road Subdivision"A"-of the Acton Beach-Realty Cd-m-par y recorded In Plat Book 34, Page 66. 3. Restrictions common to the subdivision contained in the Warranty Deed from The Alton Beach Realty Company recorded in Deed Book 1631, Page 442, as may be reimposed by the deeds In Official Records Book 9730, Page 1084 and in Official Records Book 14078, Page 120. 4, Parties in possession under unrecorded lease as set forth in Exhibit"B". 5. Mortgage from Lincoln Centurion Retail LLC, a Delaware limited liability company, Mortgagor,to 643-57 Lincoln Road, Inc., a Florida corporation, Mortgagee,dated January 13, 2014,recorded )anus 15, 2014, in Official Records Book 28991, Page 3381, in the amount of$24,000,000.00, rY e , � g , o as recorded In the Public Records of Miami-Dade County, Florida. NOTE: With respect to any Exception In Schedule B reciting covenants and restrictions said Exception(s) Y p 9 omits any covenant or restriction based on race,color, religion,sex, handicap, familial status or national origin unless and only to the extent that said covenant(a) s exempt under Chapter 42, Section 3607 of the United States Code or(b) relates to handicap but des not discriminate against handicapped persons. NOTE: All recording references in this commitment/policy shall refer to the public records of Miami-Dade County, Florida, unless otherwise noted. NOTE: In accordance with Florida Statutes section 627.4131, please be advised that the Insured hereunder may present inquiries, obtain information about coverage,or receive assistance in resolving complaints, by contacting Chicago Title Insurance Company,Telephone 1-800-669-7450, ALTA Owner's Policy(6/17/06) 30609 3 of 3 with Florida Modltkatlo Copyright American Land Title Association, All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All : other uses are prohibited. Reprinted under license from the American Land Title Association. - • 1 EJi;SIB�'1C"B" inlet 1. Lease executed between 643-57 Lincoln Road, Inc.,as Landlord and Louisiana Connection,Ltd,, dtb/a French Connection,as Tenant,executed on December 27,2011. 2. Vase executed between 643-57 Lincoln Road, Inc., as Landlord and Ricky's 643 Lincoln Road, LLC, as Tenant, executed on September 23, 2011, as amended by the Commercial Lease Modification Agreement dated September 23,2011,as further emended by the First Amendment to lease Agreement dated September,23,2011. 3. Lease executed between 643-57 Lincoln Road,Inc.,as Landlord and Runway Clothing,Inc.d/Wa Runway Swimwear,as Tenant,executed on June 4,2009. 4. Lease executed between 643-57 Lincoln Road,Inc.,as Landlord and Yuth and Knatt,Inc.,a Florida corporation,as Tenant,executed on March 26,2007,as amended by the Lease Addendum:Lease Modification of 2009 dated June 15,2009. I ! � 1 e t I , 4 Chicago Tiiie Insurance Company ENDORSEMENT Attached to and made a part of Policy Numbers 7430709.90567932 "The Company hereby acknowledges the lands described in Schedule A are the same lands described In the survey prepared by Campanile & Associates, under Project No. 5009 dated • • December 20, 2013; however, the Company does not insure the accuracy or completeness of said survey." • The total-llabliity of-the-Company under s a i d-p o l i c y, binder o r commitment and under this and-any prior endorsements thereto shall not exceed, In the aggregate, the amount of liability stated on the face of said policy, binder or commitment,, as the same may be specifically amended in dollar amount by this or any prior endorsements and the costs which the Company Is obligated to pay under the Conditions and Stipulations of the policy. This endorsement is made a part of said policy, binder or commitment and Is subject to all the terms and provisions thereof, except as modified by the provisions hereof. • Nothing herein contained shall be construed as extending or changing the effective data of the aforesaid policy, binder or commitment unless otherwise expressly stated. • IN WITNESS WHEREOF, the Company has caused this endorsement to be Issued and valid when signed b autho zed officer or licensed agent of the Company. Authorized Officer or Ucensed Agent endorsement Survey • f Attachment - C },I MAP OF BOUNDARY AND - __•__ - - j TOPOGRAPHIC SURVEY rL,N�o�A, I` ' i r. col az" . ��.r .\� . �I i NORTH A.,. �,� .___-_. I• ::CA_E 1"=2L'• I • A. \` . 4 //q.„ N..,,,,,,- ---- ---- t [: 40c, 1.1 4 1i PDI/Vr:-.4•7)20:11.SOUTH OF 7HE SOUTHEASTERLY t ! 61 sJ 1t LINE E MUNICIPAL COIF COUkSE fN iJ•IF. 7 R LEGEND SET PK NAIL N M C11Y AMI BEACH,FLORIDA(DEED) s-Mgt I ABBREVIATIONS: A M0 BM#? � +'A ••ARC•DISTANCE ® C•LEV=4.73 < ro F. A/C..Ark CONDITIONER PAD $ N. LINCOLN LANE ;JCR•BROWARO COUNTY R;.COROS L61 C �,A J 8L00. BUn.t1ING # u-t KM D ®+� "g Bit -REACH MARK come.RAMP 38' r- 7 PCB-OASIS OF HEARINGS .W•±'�� m CLMI CONCRETE BLOCK•STUCCO _ (E! -t:A.CU T1 • at 75 39'- < _ J e C. .:vine:Gurtca ' ��"' "�DG N 88°26'31 E 100.00' oy DN Ln,E y,► .'t' CHAIN I.,i/K KNEE 1 X10 oN LINE a 25.t FN .- CC!UVN s, b DO J cat- XucxErE FN s z 50 00 <P J : U DRAINARE EASEMENT o •-PARALLELA NORTH qt0 e a • DMC fNTAY;A•^+L'It um NTENANCE EA`29 ENT tT1` LINE Or LINCOLN ROAD i ,1 • 7/1:z DRIVE'JiAY q • h5 I a •. I f.•F9++ELECTRIC BOX 'D 6nIAt' • PNC.-ENtOAIiS1£Nr FF.5.11 . .•u ��'. ATE FF.5.0) r '•EDf OF PAVEMENT C C. I` EW=LOGE or waTER i'.' (REAR) ', ►i Ds (REAR) ! ; 6 fOH-•FO'UNO GRILL NCLE 1 $ 00 •�'F=FRESHER FLOOR.ELEVATION coaER 6 lg1 p'FF-4.97 i i I�1R rauNDO.0.FLOOR,PCtI tD'.a-4.:_ i mT DIP y bilk ,!(REAR) I 1 Fte a FOUND NAIL(NO ID) 2 ��:;•-ND FWND NAIL 8 DISK -...L. 2A6', -0�4 T k' FFL F�GRlDA POWER h UGH]TRANSFORMER PAD '' ' 1. L°__.ANDSCAPE EASEMENT ♦- . • E WE+u<:'MAINTENANCE.EASEMENT n I FF.5.02 R ' IN, -MEASURED - r Y9CF.M;AMI-OADC COUNTY RECORDS Mk, (REAR) mq 5 MP..u0»uWENr uNE ,.:- A y ! n Y • J� Fes- ., (?) ,•PLAT 'I� r`n O (� O I v C) Ta . Pe .PLAT 9CIOK N a> o A �, 00 O R • C j 'i. P,. -POINT OF CURVATURE 1 0. ''o D r< m i }�z S n A m •f PCP PERMANENT CONTROL POINT W '° n I@ n a • y m to m it:a m W PE+POOL EQUIPMENT PAD IQ. c m A ti ii: R '1 - PG -PAGFt r m8ln $ • CyA o �A�€ r'-�o r, 0 _ t PI .F^-IN OF INTERSECTION 'G1 E 1-R< 1U n O .A =O' 31 D tn- F y`DA n PL =PLANTER 1 A.- ,- 2 m C) •p D b r< • :i. ,• Foe-PONT OF BEGINNING o•- 1 m v 0P-2 ` m ROC-POINT OF COMMENCEMENT 'm - 1 m ZZZs n -' •PRC-POINT OF REVERSE CURVATURE i J, I "" y p y et (� I V PRM.PERMANENT REFERENCE MONUMENT 4� ',, Pt Pant of TANGENCY 'CCrl THIS PORTION T SUBDIVIDED p I '' x -RADIUS DISTANCE �{0 {R} .RECORD 47 •• (PORTION OF THE NW 1/4 OF LOT 1�I OCK i p i r (I) pIGFIT OF WAY !O SECTIOAI134-53-42) P. OF LINCOLN ROAD ` 1 xES.=RESIDENCE m SUBDIVISION•A" • I I a nl SIP -SET!RCN PIPE • Q I P 8,34 .°G.66 MDCR ,NO-::ET NAIL a DISK(PK) F - ^Tt.-:SIDEWA TIE UNf #647 , #645 I #643 y[ i SWY-SIDEWALK • • r P-TYPICAL eor. m #657 CI FF.5.06 ' FF.5.171 - • FF=5.10 UE -anti fl'EASEMENI 'T 90•(PERPEHdt.'IR.AR FF=5.10 (MAIN) I (MAIN) 1 (AMAIN) i .: A w/F.,WOOD FENCE 'n AS PER OEM (MAIN) _.{ •-,I ) I Z ?•SYMBOLS: T f D• LIJ TELEPHONE RISER zzi) r P.O.C. ` ,�6 1 ti 0' . L KT-LADLE Ty RISER O I CONC.MONUMENT AI UNE De I 11.D' T' . -RATER MfT[T2 2 ! AFF£R a A'.E A UNCcEN ROAD n ` m • I` t3s0"G'k 270 xQRTN OF •i Isi SPRINKL R COYTRO1 90x Sv C+Ne pF ME Nw 1/s i '• • C1 -UTILITY Box m a s£c.3i-s-s4 (50100),;• -CLEAN OUT 2 AS SH01W GN AMENDED PLAT OF 9.i' / T )•: .GUARU POLE C GtnD COVASE SVatMttrNl7Ft `,^ - 7<,'r.0ti �_ _ - 1 1 ,:.1 t �.. •1. I 1 R•u1S J47.3R• ' tT P R.d PACE 46.AMC!, ' l , _SU.-97;- S' + . FN I Rt.`OA CORNER T. x D.uG-ELEVAna, ,1( • • 1 1,/a �aD - ;OD)-ONIC.IHAL L07 DIS LANCE -� 7Y4 20' PND.• � 1 V 8• 1 .° 5- u 1 • .:DNTRAL ANGLE N tN1EDFtNLDtMROAD �� AWING COVER ::LN1R LINE BASS or NN-�IWWNCS u• ( a,- 20.0 2).S• . -•CP.A;1: • _ 40.1'' • -METAL CCLI,NN(71T') trlynNGAWNRtO COVEN P.O.B. elU5/MCAIt'Nd/G COVEN. Z i-'.A TCH eA51i - F'ITN a1ETK�IrA!Nfra COIF • WIN YErK fNAYEa COII•tNS .. ', r rt)-GREAT MH N 2'44'37.. W 21.73'• a • ��jwAtx wev!�\ . ' (t m t •k•4:ta F F 1 - eLEPr+oNE Mr A L ).`EwEN MANH:II E 8191 DJ 29�A NyI M a 14• k A. k t9 O , I.,, -_-..moo FENCE EIFV 4.25 ,2• .i H -V1C00 FENCE. !� • -CHAIN LINK FENCE LINCOLN ROAD !*""'°1A'E °, OvERHEAO UTRITY WIRE -� -Y -e/W CLOSED TO WD°CUIM/RAF17c- 1 ENTIRE R/'A`gEIRG USED fOR PEDESTMAN ACfE55'.' - ...� 1 IOPRW ,,,o,...7.7 CONCRETE PAYERS •TILES COVER 1 PROPERTY ADDRESS: • LEGAL DESCRIPTION: FLOOD ZONE INFORMATION: 543-57 LINCOLN ROAD, Lot one(1)of Block Into(I),of LINCOLN COAL)9l)Ht)tOISION"A',of The Alum Heath BASED ON THE FLOOD INSURANCE RATE MAP OF THE FEDERAL ENERri:.CY 7 ,t,,,•MI BEACH,Ti,3.311A Rintty CumRIT'.as ISO souse II shown.marked and dcsij00tcd on a 7t t MANAGEMENT AGENCY REVISER ON 09/11/09 AND INDEX THIS MAP REVISED 1'5/ ON 39/11/00 N ■ (!, f said r,ittned to; THE GRAPHICALLY DEFICIT°ATILDINC(5)SHOWN ON THIS MAP OF SLAV£Y IS W1THiN recorded in Piet 130+;11.0 74,at PaL•r BB in(he Ull,a of tee Clerk of the i'i ru:l Court in and for ZONE a BASE FLOOD ELEVATION a COMMUNITY FLAME&HUMBER RIITY Qf miANL Miteni-Dade County.Flatlets;ALSO those muds in Miami-Undo(;aunty.Florida,dlktihed aS REACH 17f1R51 MAP&PANEL NUMBER 124BFCJLy,7 SUFFIX L " CERTIFIED TO: fallowa: A USA:DMMERGAL SURVEYOR'S NOTES: )P�_SACNUAL,INC. From a concrete ntnntuurnt Rowed Al the iulerwcnon of the West lint;of Jefferson.Atenue:nd I• ELEVATIONS WHEN SHOWN REFER TO 1429 NATIONAL r.•F_ODE'1C VERTICAL DATUM the North line au I.incnlrl Road;ac said monum;:m is shown on n plot entitled"Amended Plat of UNDER 1929). 2 UT ATTEMPT WAS MADE TO LO:A"TIE FODTINGS,/FOUNOA LIONS,OR UNDERGROUND U7NABST UNLESS OTHERWISE NOTED. 3.THE LANDS SHOWN HEREON Concourse Subdivision"-As the same iS recorded in Plot Book 6.l'ngr'6 of the Public Records I'AVE NOT BEEN ABSTRACTED IN REGARDS TO MATTERS OF INTEREST OY OTHER i B^Y5ICN(5): of 1,4iami-fade T.:Aunty,flnril1,more pnnieularIy described us Ixing I sir Past and?70 teet PARTIES. SUCH AS EASEMENTS. RIGHTS OF WAYS, RESERVATIONS, ETC. ONLY ,U-D.'ITED SURVEY 06/1t/IS Nn,•th of the Sovtn;":n Dom,:,of the.NW 1;4 m. relin:t34.I;Iw•n<Iljp 0T South South,Raefco2 L''act, PLATTED EASEMENTS ARE MOWN_ 4_ THIS SUrtvEY WAS PREPARED FUN AND ' JO. N)150E216fi2 Flat Faster! along Ltt North line n( CERTIFIED TO THE PARITIES)BOUN INDICATED HCREON AND IS NOT 1RANSfERABUE Ott .,' Y 3 Lincoln toad n distance of 794?n fat to the Point of ASSIGNABLE 5. ALL BOUNDARY UMtI INDICATORS SET ARE STAMPED Lei 7104. t+• iSeyhaaing Df tiN parcel of land he tb,),.:scrihed:Liam said Poietof l)ginning rtnlNroTttlerly;thing THE BOUNDARY LIMITS STABUSHED ON THIS SURVEY ARE BASED ON ME LEGAL a li1x petperdin:lar!o the last mentioned courses distance 14/.105 feet to a point,quid poim Mill(( DESCRIPTION PROVIDED BY CUNT OR ITS REPRESENTATIVE 7 FENCE OWNERSHIP NOT i. 20 fee:00111 of the southerly line of the A•tunicipal Golf Coutyr,in the(`ily lot Miami Beach. OTHER THAN THE SSIGNIINGO°ARTY OR PARTIES�ISSU PROHIBITED WITHOUT WIITHOU PN WRITTEN '• Florida;(hence Dili 1::tsrerly Along a line ts:all:l with the North lino al'Li,ludn Rend a dheaear of CONSENT OF THE SIGNING PARTY OR PARTIES.9. BEARINGS L%HEh1 SHOWN ARE TO F 50,eel MI n print,thcrre nil Tootlr:rly along a tine p.p,,,,,ulae n1 the North tiro:'Of Lion. i AN ASSUMED MERIDIAN, rHE NORTH LINE OF UNCCUN ROAD HAS BEEN ASSIGNFO A • Read,a distance of 105 Diet to a point;!hence run Westody Mang the NoHh line of Lincoln(toad BEARING OF N 88'26'30'E. .. _listance of:0 fact iU the Point of Beginning of the parcel of land he,eind escritxtd,I y d SURVEYOR'S CERTIFICATE: dI HEREBY CERTIFY THAT THIS SURVEY IS TRUE AND CORRECT TC THE BEST OF MY KNOWI.ED ELAND BEU '- OA OF SURVEY: AS RECENTLY SURVEYED AND DRAWN UNDER MY DIRECTION ANO MEETS THE MINIMUM TEM I STAND OS . I94/29/201 4 SETT FORTH BY THE FLORIDA STATE BOARD Of SURV°_vt>RS AND MAPPERS IN CHAPTER 3 FLORIDA IAOMINISTRAnVE CODE PURSUANT TO SECTION 472.027 FLORIDA STATUE. •.i1 0,> i't3479_585 SEAL CLIIIIfit1T a FuTRONtA901)1-711 AUTHENTIC COPIES OF THIS St`rar@Z:auneer to 1 LLC#: C-14770 SURVEY SHALL BEAR THE ' Y 8A tn•-TapJr�lnp, Inc..; ORIGINAL SIGNATURE AND 1519()SW 136th Street,Suite 20,Miami,Florida 33196 ' • • .-L?Fh.EiP;:!,'SACUA, RAISED SEAL Of THE AN A.SUARE Tel:305.596.1799 Fan:305.596.1886 b ATTESTING REGISTERED TI-F,r'r I OF I SURVEYOR AND MAPPER �R 516 IAL FLORIDA O 6220 s.v ry vv.rr u a r a z s u r v Q y i n g.c o m T STA OF ORIDA /6220 1 • . Attachme D II:::?"..i.•:51+t:.;_.1..:k'Ace:.,i4.,::_*,:.::',.. " Cf , ..1 .': t — - _____ \ #I" •rte 5.M 1-. .. �- r ! '.if + a Yii: y r. .. y ` k V MS f • a I�lrv' . * 1 .. C d i Q Rt , a ♦ l j' ri- . ' R Iii' =`Y 1 ^ii_l r b_''.1 eif• , 4 r G� . - 1'wr . lt\, , . \ \ ,. S' ti 'Y t lr V 1 • i:1)- E i¢ 1 ' :; ,'-- +Sir.,'71',:. ..v,;,,1 p' ,�,a1 CO• } lv ' 411'. 7 . 5( rl.l xs:...a C• - u-e.a-. 1 a 3 . f - r >,•• ,• H, '•'ice. 1 4fi Y:q.1 . ' #. N, --,...._ • ": sa. ?‘' '''I T.f 4.' r i. tiw.... ....1 • Y \ .' . • vrw. - fit . • ' il N. p , • .:,..'1;,,:1,'I-:., :::: • • SOO isYt " fyt'• t • t - i -.... 111 f i I ':# • 7 w r !� ii ::.,„ ILI 1.::;.; f 4 • 4. G Nk pt" ' rd' 'a' <. - ' ..-.,■T.ilfeliti . { .. '`t& _ 4 j./- I i :9 n .. ; � y .. -mac; • ••'-` ,'.'y i , x '4 a4 '" r 1 .t *74 S .e Attachment E ADJACENT PROPERTY PL.105.00' •. .' - ________ ,/9 ,:.1 i.1 . ...,.,..;.2!,1;r1.. - " '••...a...4w.,--:. 4 'El,44,1 f.4,"", 4 B ' 1 * i• ,.,--,,t,... .,, ..,,.- ;• --.7.7.r7rfP'`. -•,. ! 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