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Settlement and Release Agreement with 71 Investments, LLC ,20 c- aqi quo . 4 SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH, FLORIDA This Settlem nt and Release Agreement (the "Agreement") is made and entered into this a I day of Nbe'@_,, 2015, by and between 71 INVESTMENTS, LLC a Florida Y Y limited liability company (hereinafter referenced as the "Property Owner"), and the CITY OF MIAMI BEACH, FLORIDA, a Florida Municipal Corporation (hereinafter referenced as the "City"). The Property Owner and the City may also be referred to individually as a "Party," and collectively as the "Parties." RECITALS • WHEREAS, the City Manager, pursuant to Sections 102-383 and 14-406(b) of the City vff of Miami Beach Code, and based upon his conferred duty, power and authority as the City Manager for the City of Miami Beach, revoked the Certificate of Use, Receipt No. RL-10006655 • of A & S Entertainment, LLC, d/b/a The Office Gentlemen's Club (hereafter"the Tenant"). - WHEREAS, on December 15, 2014, the Special Master entered an Order that required the Tenant to implement certain remedial measures in order to re-instate the Tenant's Certificate of Use; and WHEREAS, the Property Owner was not informed of the activities that transpired at the Premises, and was not notified of the Tenant's failure to comply with the remedial directives set Special Master's Order; and WHEREAS, the Property Owner has agreed to implement certain remedial measures set forth in the Special Master's Order, as more fully set forth herein, which will protect the health, safety and welfare of the neighbors; and WHEREAS, the Property Owner has expressly notified the City that it has not abandoned, or intended to abandon the use of the Premises that is specifically delineated in Section 142-303(c); and WHEREAS, the City and the Property Owner have acknowledged and recognized that the provisions of Chapter 118 Article IX of the Land Development Regulations will determine those circumstances in which there is discontinued use (nonconforming use) at the Premises; and WHEREAS, the Mayor and City Commission determined it was necessary to amend Chapter 142 of the Miami Beach Code on December 18, 2014. Ordinance No. 2014-3916 amended Section 142-303, and established additional conditional uses for the North Beach Neighborhood located north of 65th Street. The Premises is, and would be, subject to the conditional use criteria set forth in Ordinance 2014-3916, which is hereby incorporated in the Agreement by reference; and SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 2 WHEREAS, the Parties desire to settle claims, disputes, past, present, or future regarding the revocation of the Certification of Use and the applicability of Ordinance No. 2014- _ 3916 to the Property, regardless of responsibility; and WHEREAS, the Parties believe it would be in their best interests and the best interests of the citizens of the City to agree to the provisions of this Agreement; and NOW THEREFORE, in consideration for the exchange of promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows: 1. Recitals: The above Recitals are true and correct and are incorporated herein. 2. Settlement: The Parties hereby settle and compromise all claims of any kind or nature (including any claims for attorney's fees and costs), relating to, arising out of and/or in connection with the City's enforcement action at the Premises, or the enactment of Resolution No. 2014-3916, except as set forth herein. 3. Settlement Terms: In consideration for the mutual promises, conditions, and releases set forth herein, the Parties agree as follows: (a) The Property Owner hereby affirmatively acknowledges that it will not employ, hire, contract, or otherwise authorize, permit, condone or allow any person, business entity, or operations to perform nude or partially nude or authorize, permit or allow any nude or partially nude performers and/or dancers at the Premises. The Property Owner will adopt measures to guard against and combat this type of unlawful conduct for any lease at the Premises, and to recognize, report and terminate such unlawful conduct that violates Section 142-1271 through 142-1273 and Chapter 6 of the Miami Beach City Code. (b) The Property Owner will not allow, permit, condone, excuse, ignore, disregard, overlook, authorize or tolerate any offenses that are enumerated within the Florida Comprehensive Drug Abuse and Prevention and Control Act, Chapter 796 or Chapter 800 of the Florida Statutes at the Premises. The Property Owner will require the Leasee to acknowledge these prohibitions and will ensure compliance of this paragraph, and that the failure to comply with this provision will result in the termination of the lease Agreement. (c) The Parties affirmatively acknowledge that the enactment of Ordinance No. 2014-3916 is legally applicable to the Premises. Irrespective of the applicability of Ordinance No. 2014-3916 to the Premises, should the Property Owner (or its tenant) trigger the conditional use criteria set forth in Section 142-303(c), the conditioned use will be permitted, and will be deemed a nonconforming use of the Premises. The 6NN • SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 3 1 Premises will be permitted to continue utilizing the nonconforming use set forth in P 9 9 Section 142-303(c), until such time there ceases to exist the nonconforming use as legally required within Article IX of the Miami Beach Land Development Regulations, and more specifically identified within Section 118-394, which states: No building, structure, equipment, fixtures or land, or portion thereof, used in whole or in part for a nonconforming use which remains idle or unused for a continuous period of six months, or for 18 months during any three- year period whether or not the equipment or fixtures are removed, shall again be used, except in conformity with the regulations of the district in which such building or land is located. The Property Owner acknowledges that there may exist other applicable provision(s) of the City's Land Development Regulations or General Ordinances that might apply to the • premises, and which may need to be satisfied before the Property Owner (or its tenant) commences a business operation that is identified within Section 142-303(c) at the Premises. (d) Upon payment of the appropriate fee, and provided there is compliance with Sections 3. (a), (b) and (c) herein, the City will issue a Certificate of Use for a business operation identified in Section 142-303(c) to either the Property Owner (or its tenant), provided the Property Owner certifies in writing that the tenant is not affiliated in any manner with the former Tenant delineated within the December 15, 2014 Special Master Order. 4. Releases: In further consideration of the execution of this Agreement, the Parties for themselves and their respective parent companies, subsidiaries, divisions, affiliates, unit owners, insurers, officers, directors, agents, employees, subcontractors, representatives, successors and assigns (the "City Releasors" or "Property Owner Releasors" as the case may be), hereby execute, subject to the conditions and exclusions set forth in this Agreement, the following Releases: (a) Property Owner Releasors' Release of City Releasors: Upon execution of this Settlement, Property Owner Releasors hereby remise, release, acquit, satisfy and forever discharge the City Releasors, which throughout this Agreement includes, but is not limited to, its affiliates, Commissioners, insurers, sureties, directors, officers, employees, agents and attorneys, together with its heirs, executors, administrators, associates, representatives, successors and assigns, of and from any and all manner of past, present and future claims, actions, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, obligations, damages, judgments, costs, expenses, causes of action, executions, claims, liabilities, and demands whatsoever, in law or in equity, whether for compensatory, punitive, or other damages (collectively referred to in this Paragraph as the "Claims"), which the Property Owner Releasors have held or now hold, ever had, now have, or which the Property Owner Releasors, hereinafter can, shall or may have against the City Releasors, for any and all Claims, whether known or ()-0 SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 4 unknown, arising from, pertaining to and/or in any way relating to the underlying matter, including all legal actions, zoning actions, administrative determinations, etc. (b) City Releasors' Release of Property Owners Releasors: The City Releasors hereby remise, release, acquit, satisfy and forever discharge the Property Owners Releasors, which throughout this Agreement includes, but is not limited to, its affiliates, insurers, sureties, directors, officers, employees, agents and attorneys, together with its heirs, executors, administrators, associates, representatives, successors and assigns, of and from any and all manner of past, present and future claims, actions, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, obligations, damages, judgments, costs, expenses, causes of action, executions, claims and liabilities, and demands whatsoever, in law or in equity, whether for compensatory, punitive, or other damages (collectively referred to in this Paragraph as the "Claims"), which the City Releasors have held or now hold, ever had, now have, or which the City Releasors, hereinafter can, shall or may have against the Property Owners Releasors, for any and all Claims, whether known or unknown, arising from, pertaining to and/or in any way relating to this matter, and more specifically, the claims raised in the disputes claim. (c) Parties Agreement not to Pursue: The Parties agree to not instigate, raise, or pursue any complaint or action concerning any other Party or their past, present, and future shareholders, directors, officers, employees, principals, agents, servants, independent contractors, representatives, parent corporations, subsidiary corporations, predecessors, successors, assigns, attorneys, and insurers, within any Florida State Jurisdiction or governmental agency which may maintain jurisdiction of these disputed issues. 5. Binding Effect: Subject to City Commission approval and execution by the Parties, this Agreement shall be binding upon the Parties and their respective successors and assigns. However, execution and notarization by all Parties shall be a condition precedent to the effectiveness of this Agreement as binding against any Party. If the City Commission does not issue the approval, the Agreement shall be null and void and of no force and effect. 6. No Admission of Liability: It is understood and agreed that the claims which are the subject of this Agreement are disputed claims and that the execution of this Agreement by the Parties, and the exclusions set forth in this Agreement, are not intended to, and shall not in any way, constitute or be deemed an express or implied admission or acceptance of any negligence, misconduct, responsibility or liability by the Parties or an admission against interest by the Parties, and that the Parties expressly and specifically deny all such.claims. Such consideration is being given to reduce the expense, uncertainties and hazards of litigation and to mitigate damages to each of the Parties. There shall not be any implication by any trier of fact or law of any admission or acceptance of liability or admission against interest by the Parties and it shall not be used against the City Releasors or the Releasors in any attempt to prove any future liability claims. The Parties understand and agree that no Party admits liability , 112) SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 5 of any sort by reason of the above incidents, acts, casualties, events, representations, omissions, conduct, or interpretation. The Parties also understand and agree that this Agreement constitutes the good faith compromise of the dispute, and is made in good faith to terminate any further controversy respecting all claims for damages, causes of action, or potential liability which could have been ascertained by reasonable diligence which either Party to this Agreement may have asserted now, or may assert in the future because of any damages, incidents, acts, casualties, or events, described or alluded to in this Agreement. 7. Attorney's Fees: If any legal action, proceeding, or hearing is brought by the City Releasors, or the Releasors to resolve a dispute regarding enforcement of the terms of this Agreement, then the prevailing party as between the City Releasors, and the Releasors shall be entitled to recover reasonable attorney's fees and court costs incurred. The Parties shall bear their own fees and costs relating to the negotiation and execution of this Agreement to date. 8. Miscellaneous: The Parties further agree as follows: (a) The Parties acknowledge and agree that this Agreement is fully and adequately supported by consideration and is fair and reasonable. The Parties further acknowledge and agree that: (i) each Party has had the opportunity to consult with, and has in fact consulted with, such professionals, experts and legal counsel of its choice as such Party may have desired with respect to all matters settled and resolved herein; (ii) each Party has participated fully in the negotiation and preparation of this Agreement; (iii) each Party has carefully reviewed this Agreement and is entering into same freely; and (iv) this Agreement is entered into in good faith and was not obtained by fraud, misrepresentation, or deceit. Accordingly, this Agreement shall not be more strictly construed against any Party. (b) The Parties hereto understand and agree that this Agreement will not be binding on the Parties to this Agreement until such time as the City Commission of the City of Miami Beach has approved same, and the Agreement is fully executed by the Parties to the Agreement. City Commission approval is a material condition precedent to the execution and enforceability of this Agreement, without which the City does not agree to, and is not subject to, the terms and conditions contained herein. (c) Each of the signatories hereto represents that he or she has authority to execute this Agreement and to bind the Party on whose behalf he or she has signed. (d) 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 construed and governed in accordance with the laws of the State of Florida and the sole and exclusive venue for any lawsuit relating to this SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS,LLC AND THE CITY OF MIAMI BEACH,FLORIDA 6 Agreement is Miami-Dade County, Florida. In the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if crafted jointly by each of the Parties hereto and no presumptions or burdens of proof shall arise favoring any party by virtue of the authorship of any of the provisions of the Agreement. The Parties expressly agree to waive trial by jury in any action to enforce this Agreement. (e) Before resorting to litigation, the parties agree to use commercially reasonable, good faith efforts to resolve disputes without litigation as hereinafter provided. In the event of a dispute which the parties cannot resolve directly between themselves within ten (10) days, the parties agree to submit to non- binding mediation for up to a period of thirty (30) days after either party sends written notice to the other party demanding mediation (but no longer unless the parties mutually agree) to resolve the dispute using an independent, trained mediator agreed to by both parties. If the dispute remains unresolved after such thirty (30) day period or if the parties cannot agree upon a mediator within fifteen (15) days after the demand for mediation, either party may proceed to commence litigation. The parties shall equally split the cost of the mediator. (f) In construing this Agreement, the singular shall be held to include the plural, the plural shall be held to include the singular, the use of any gender shall be held to include every other and all genders, and captions and paragraph headings shall be disregarded. (g) Any references to documents, orders or ordinances identified within to this Agreement are incorporated in, and made a part of, this Agreement. (h) The Parties warrant and represent that they have not sold, assigned, transferred, conveyed, or otherwise disposed of any of the claims, demands, obligations, or causes of action referred to in this Agreement. Further, the Parties recognize that this matter is solely unique to the circumstances arising from and referenced in the Lawsuit, and the Plaintiffs shall not assign, transfer, convey, or otherwise dispose of their obligations under this Agreement. (i) The Parties declare and represent that they were not induced to enter into this Agreement by any representations respecting the nature and extent of any damages, legal liability, or financial responsibility made by any Party or their representatives. 9. Entire Agreement: This Agreement, together with any documents referenced herein, constitutes the full and entire agreement and understanding between the Parties as related to the Project, and there are no agreements, representations or warranties except as specifically set forth herein. This Agreement replaces any prior or contemporaneous written or oral representation or understanding about the terms of this Agreement. All prior discussions, negotiations, letters, demands and writings of any kind are fully merged into this Agreement and SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 7 are to be construed to be of no further force or effect, it being the intention of the Parties that this Agreement shall serve as the sole and entire expression of their agreement and understanding. This Agreement shall be binding on, and shall inure to the benefit of, the respective successors and assigns, if any, of each Party. 10. Modification; No Waiver: This Agreement may only be modified in writing signed by the Parties. No waiver or modification of the Agreement or of any covenant, condition or limitation contained herein, shall be valid unless in writing and signed by all Parties to the Agreement, or their authorized counsel. If the City or Property Owner excuses or condones any breach or default by the other Party of any obligation under this Agreement, this shall not be a waiver of such obligation with respect to any continuing obligation or subsequent breach or default and no such waiver shall be implied. 11. Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together represent one instrument binding on the Parties, notwithstanding that all of the Parties are not signatories to the same counterpart. The Parties further agree that this Agreement may be signed and submitted via facsimile or electronic mail. 12. Severability: If any provision of this Agreement is held or rendered illegal or unenforceable, it shall be considered separate and severable from this Agreement and the remaining provisions of this Agreement shall remain in full force and effect and bind the Parties as though the illegal or unenforceable provision had never been included in the Agreement. 13. Captions; References: The captions of this Agreement are for the purpose of convenience of reference only and in no way define, limit or describe the scope or intent of the Agreement or in any way affect the terms and conditions of this Agreement. All references in the Agreement to the terms "herein," "hereunder," "hereof" and words of similar import shall refer to this Agreement, as distinguished from the Paragraph, Section and/or Subsection within which such term is located. 14. Third Parties: Nothing express or implied in this Agreement is intended or should be construed to confer upon or give any person or entity, other than the City and Property Owner, any rights or remedies under, or by reason of, this Agreement. [Remainder of page intentionally left blank.] SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS, LLC AND THE CITY OF MIAMI BEACH,FLORIDA 8 IN WITNESS WHEREOF, the Parties have set their hands and seals on the day and date first written above: 71 INVESTMENTS, LLC, a Florida limited liability co pany ,r4 ,ttie By: y Title: 90v001/4-1)(> 1 0 V )C - . joy Icahn '�•` '..:� FX?rR.c. bt�6SDh STATE OF FLORIDA �'.ckaFO�f cto eAar. COUNTY OF MIAMI-DADE The foregoin instrument was 1acknowledged before me this 11 day of -0 2014, by ,ovJ ►� , o I� Ana of 71 Invest,'-nts, LLC, y � � � who is(personally known o me (type of identification). 1i Name: �, (Print Name) r' . r — ^ coa wssroa i nFIN011 • EXPIRES:October 1,as www.Amokyounter Notary Public— State of Florida My Commission Expires: 10- SETTLEMENT AND RELEASE AGREEMENT BETWEEN 71 INVESTMENTS,LLC AND THE CITY OF MIAMI BEACH,FLORIDA 9 THE CITY OF MIAM BEACH, FLORIDA, a political b-division y�f the State of Florida , By: �'' �._ _ Name:Jai immv o ales Title: C Man •er STATE OF FLORIDA COUNTY OF MIAMI-DADE Jt�- The foregoing instrument was acknowledged before me this 1Z day ofd 201E by Jimmy_Morales as City Manager of C �IIIAMi EACH, FLORIDA, a political sub- division of the State of Florida, who is ersonally kno51 to me or who has produced (type of identification). // i Name�f'S (Print Name) fl N S i L 0-6) Notary Public—State of Florida My Commission Expires: CS- Q lgolg ATTEST: 4:F Y'' FERNANDA SILVA 7.,, MY COMMISSION tI FF 155332 11 Li 4-d EXPIRES:August 27,2018 '''''.^�?e.- __5/11.. 1/ : Ate Bonded Thru Notary Public Underwriters City Clerk &-'1414, Approved as to form and I gg --�'=-�'1�i• •execution • "''':•'" *_ ��' ' s • :INCORP ORATED • (11111* ., \ 12,124 - l `•1.. tt•.ne'y •f,�', • 2a•wv �