Attorment Agrmt #10
A TTORNMENT AGREEMENT
(MANAGEMENT AGREEMENT)
THIS ATTORNMENT AGREEMENT (as the same may be amended or otherwise modified
from time to time, the "Agreement") is made and entered into as of the 20th day of September, 1996
by and among MB REDEVELOPMENT, INC., a Florida corporation (the "Tenant"), LOEWS
MIAMI BEACH HOTEL OPERATING COMPANY, INC., a Delaware corporation (the "Hotel
Manager"), and MIAMI BEACH REDEVELOPMENT AGENCY, a public body corporate and
politic (the "Owner").
WITNESSETH:
WHEREAS, Owner, the City of Miami Beach (the "City") (to the extent provided therein)
and Tenant have entered into that certain Agreement of Lease, of even date herewith (the "Lease"),
for that certain real property located in the City of Miami Beach, Dade County, Florida, as more
particularly described in Exhibit "A" attached hereto and made a part hereof, which Lease provides
for the leasing, ownership, management and operation of the Hotel, as defined in the Lease; and
WHEREAS, Tenant and Hotel Manager have entered into that certain Hotel Management
Agreement of even date herewith (as the same may be amended or otherwise modified from time to
time, the "Management Agreement"), pursuant to which Hotel Manager has agreed to operate the
Hotel for and on behalf of Tenant pursuant to the terms of the Management Agreement; and
WHEREAS, as required by the Lease, Tenant, Hotel Manager and Owner have agreed to
enter into an attornment agreement.
NOW, THEREFORE, for and in consideration of the premises, and the mutual covenants
contained herein, and for other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the parties hereto agree as follows:
1. (a) Hotel Manager will give Owner prompt written notice and a copy of any notice
of default, event of default, termination or cancellation sent or received by Hotel Manager;
(b) Hotel Manager will promptly deliver to Owner executed copies of any
amendment or modification of the Management Agreement, or if applicable, any new Management
Agreement;
(c) Hotel Manager will not assert any right it might have to terminate the
Management Agreement or performance of its services thereunder as the result of a default by Tenant
without giving written notice thereof to Owner, specifying the claimed default, and notwithstanding
the occurrence of any such default, Hotel Manager shall take no action to rescind or terminate the
Management Agreement and shall, at the request of Owner, continue performance of its obligations
thereunder, in accordance with the terms thereof, provided that the default shall be cured in
accordance with the terms of the Management Agreement, and Hotel Manager shall be paid for its
MI962610.075/09/19/96
services in accordance with the fee schedules set forth in the Management Agreement; in furtherance
of the foregoing, Hotel Manager shall afford Owner an opportunity to cure defaults under the
Management Agreement, and Owner shall have a period of ninety (90) days after written notice to
cure such default, or if such default is of such a nature that it cannot reasonably be remedied ninety (90)
days after the giving of such default notice (but is otherwise susceptible to cure), Owner shall (i) within
ninety (90) days after the giving of such default notice, advise Hotel Manager of Owner's intention to
institute all steps (and from time to time, as reasonably requested by Hotel Manager, Owner shall advise
Hotel Manager of the steps being taken) necessary to remedy such default (which such steps shall be
reasonably designed to effectuate a cure of such default in a professional manner), and (ii) thereafter
diligently prosecute to completion all such steps necessary to remedy the same (and performance by
Owner shall be accepted by Hotel Manager as though the same had been performed by Tenant), and
there shall be no default deemed to exist under the Management Agreement unless such cure shall not
have been completed within such period.
(d) In the event Owner shall terminate Tenant's leasehold interest in the Premises (as such
term is defined in the Lease), or shall otherwise succeed to the rights of Tenant and no New Tenant's
Documents (as such term is defmed in the Lease) are delivered, the Management Agreement shall, at
Owner's option, exercisable by written notice to Hotel Manager within fifteen (15) business days after
such termination or other succession, remain in full force and effect, and Hotel Manager shall
continue to perform its services thereunder for the benefit of Owner, provided, however, that (x) if
Owner fails to timely exercise such right, Owner shall have no right to cause Hotel Manager to
continue performance as described herein, and (y) if Owner timely exercises such right, then the
Management Agreement shall be deemed to have been amended in the following respects (and, at the
request of Owner, the parties shall enter into a modification of the Management Agreement to
evidence such amendments):
(i) There shall be no payment by Owner of any administration fee, termination fee
or any other fee or charge under the Management Agreement in connection with termination of
Tenant's leasehold interest or Owner's succession to the rights of Tenant under the Management
Agreement;
(ii) Owner shall have the right to terminate the Management Agreement at any time,
with or without cause, and without payment of any administration fee, termination fee, or any other
fee or charge, provided that in the event of a termination without cause Owner shall give Hotel
Manager not less than thirty (30) days prior written notice of such termination;
(iii) Hotel Manager shall have the right to terminate the Management Agreement at
any time, with or without cause, and without payment of any administration fee, termination fee, or
any other fee or charge, provided that in the event of a termination without cause Hotel Manager shall
give Owner not less than one hundred twenty (120) days prior written notice of such termination;
(iv) Upon termination or expiration of the Management Agreement, Hotel Manager
shall:
MI962610.075/09/18/96
2
(A) to the extent of Hotel Manager's interest and to the extent permitted by
Requirements, surrender and assign to Owner or its designee any and all licenses, permits and/or
governmental authorizations required for the operation of the Hotel;
(B) deliver to Owner any and all of Owner's properties within the possession
of Hotel Manager, including, without limitation, all keys, locks and safe combinations, reservation
lists, ledgers, bank statements for the Hotel accounts, books and records, insurance policies, bonds
and other documents, agreements, leases and licenses required for the operation of the Hotel; and
(C) remit to Owner the balance of any Hotel accounts, after computation and
disbursement to Hotel Manager of all accrued and unpaid management fees and reimbursable costs;
(v) Hotel Manager shall not be permitted to undertake any actions not provided for
in the then-effective annual plan of the Hotel (other than in connection with the day-to-day operations
of the Hotel) without the prior written consent of Owner; and
(vi) Owner shall not incur any liability to Hotel Manager under the Management
Agreement except to the extent Owner has liability under the Lease.
(e) If the Management Agreement shall terminate for any reason, or be rejected or
disaffirmed pursuant to any bankruptcy law or any other law affecting creditors' rights, Hotel
Manager shall, if notice has not theretofore been provided to Owner, immediately notify Owner of
such termination, rejection or disaffirmance, and Owner shall have the right, exercisable by notice to
Hotel Manager within sixty (60) days after Owner obtains possession of the Hotel, to enter into a new
Management Agreement for the management of the Hotel on the same terms and conditions as are
contained in the Management Agreement (as amended above) for the remainder of the term of the
Management Agreement; the execution of such new Management Agreement shall be subject to the
curing by Owner of any outstanding defaults under the Management Agreement which are reasonably
susceptible to cure by Owner; in connection with any prospective sale of Owner's Interest in the
Premises (as such term is defmed in the Lease) and at the request of Owner, Hotel Manager will
execute and deliver to the party so requesting an estoppel certificate indicating that the Management
Agreement is unmodified (or, if modified, setting forth the modifications) and in full force and effect,
and that to the knowledge of Hotel Manager there is no default (or specifying any default of which the
Hotel Manager has knowledge or notice), the date of expiration of the term of the Management
Agreement, and the date through which Hotel Manager has received payment under the Management
Agreement, it being understood that any such certificate may be relied upon by Owner; and, Owner
will give Hotel Manager a copy of any default notice under the Lease and afford Hotel Manager the
right to cure the same (provided such cure is effectuated within the time period provided therein for
Tenant to cure the same).
2. The rights of Owner set forth in this Agreement shall, to the extent in conflict with the
rights provided in any Recognized Mortgage (as such term is defined in the Lease), be subject to the
rights of such Recognized Mortgagee (as such term is defined in the Lease) provided such Recognized
Mortgagee is in the process of, and is diligently, exercising its rights under the applicable Recognized
Mortgage.
MI962610.075/09/18/96
3
3. This Agreement may not be modified or discharged other than by an agreement In
writing specifically referring to this Agreement and signed by all parties to this Agreement,
4. Whenever it is provided herein that notice, demand, request, consent, approval or other
communication shall or may be given to, or served upon, any of the parties, or whenever any of the
parties desires to give or serve upon any other party any notice, demand, request, consent, approval
or other communication with respect hereto, each such notice, demand, request, consent, approval or
other communication (herein referred to as a "Notice") shall be in writing and shall be effective for
any purpose only if given or served by certified or registered U.S. Mail, postage prepaid, return
receipt requested, personal delivery with a signed receipt or a recognized national courier service,
addressed as follows, or to such other addresses as are from time to time specified by written notice
delivered in accordance herewith:
if to Tenant:
with a copy to:
if to Owner:
with a copy to:
MI962610.075/09/18/96
MB Redevelopment, Inc.
407 Lincoln Road
Suite 6-k
Miami Beach, Florida 33139
Attention: Mr. Eric A. Nesse, Vice President
Loews Hotels Holding Corporation
667 Madison Avenue
New York, New York 10021-8087
Attention: Corporate Secretary
and to:
Hughes Hubbard & Reed LLP
201 S. Biscayne Boulevard, Suite 2500
Miami, Florida 33131
Attention: William A. Weber, Esq.
Miami Beach Redevelopment Agency
Executive Director
1700 Convention Center Drive
Miami Beach, Florida 33139
Miami Beach Redevelopment Agency
General Counsel
1700 Convention Center Drive
Miami Beach, Florida 33139
and
4
with a copy to:
if to Hotel Manager
(before opening
of the Hotel):
if to Hotel Manager
(after opening
of the Hotel):
in each case
with a copy to:
City of Miami Beach
City Manager
1700 Convention Center Drive
Miami Beach, Florida 33139
City of Miami Beach
City Attorney
1700 Convention Center Drive
Miami Beach, Florida 33139
Loews Miami Beach Hotel Operating Company, Inc.
667 Madison Avenue
New York, New York 10021-8087
Attention: Corporate Secretary
Loews Miami Beach Hotel Operating Company, Inc.
1601 Collins Avenue
Miami Beach, Florida 33139
Attention: General Manager
Loews Hotels Holding Corporation
667 Madison A venue
New York, New York 10021-8087
Attention: Corporate Secretary
5. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of Florida, without regard to principles of conflict of laws.
6. This Agreement sets forth the entire understanding of the parties hereto with respect to
the subject matter hereof, and shall be binding upon and shall inure to the benefit of the parties hereto
and their respective permitted successors and permitted assigns; provided, however, that in the event
of the assignment or transfer of the interest of Tenant, all obligations and liabilities shall be the
responsibility of the party to whom such interest is assigned or transferred, which assignee shall be
deemed to have assumed Tenant's obligations and liabilities hereunder. If, while the Agency is the
Owner hereunder, the Agency shall cease to exist, the City, by its signature hereto, hereby agrees to be
bound by the terms, covenants and conditions of Owner hereunder and Tenant and Hotel Manager agree
to recognize the City as Owner hereunder.
7. It is expressly understood that this Agreement and obligations issued hereunder are solely
corporate obligations, and that no personal liability will attach to, or is or shall be incurred by, the
MI96261 0.075/09/18/96
5
incorporators, stockholders, officers, members, partners, holders of other ownership interests, directors,
elected or appointed officials (including, without limitation, the Chairman and Members of the Owner
and the Mayor and Commissioners of the City and the members of any other governing body of Owner)
or employees, as such, of the Owner or Tenant or Hotel Manager, or of any successor corporation or
other successor entity, or any of them, under or by reason of the obligations, covenants or agreements
contained in this Agreement or implied therefrom; and that any and all such personal liability, either at
common law or in equity or by constitution or statute, of, and any and all such rights and claims against,
every such incorporator, stockholder, officer, member, partner, holder of other ownership interest,
director, elected or appointed official (including, without limitation, the Chairman and any Member of
the Owner and the Mayor and Commissioners of the City and the members of any other governing body
of Owner) or employee, as such, or under or by reason of the obligations, covenants or agreements
contained in this Agreement or implied therefrom are expressly waived and released as a condition of,
and as a consideration for, the execution of this Agreement.
8. No member, official or employee of the Owner or the City shall be personally liable to
Tenant or Hotel Manager, or any successor in interest, in the event of any default or breach by the
Owner or for any amount or obligation which may become due to the Tenant or Hotel Manager or
successor under the terms of this Agreement; and that any and all such personal liability, either at
common law or in equity or by constitution or statute, of, and any and all such rights and claims against,
every such Person, or under or by reason of the obligations, covenants or agreements contained in this
Agreement or implied therefrom are expressly waived and released as a condition of, and as a
consideration for, the execution of this Agreement.
9. Owner acknowledges receipt of a copy of the Management Agreement and that the
Management Agreement evidenced by such copy complies with the provisions of Article 16 of the
Ground Lease.
MI9626 I 0.075/09/18/96
6
EXECUTION
IN WITNESS WHEREOF, Tenant, Hotel Manager and Owner, intending to be legally bound,
have executed this Agreement as of the day and year fIrst above written.
MB REDEVELOPMENT, INC.
ATTEST:
Secretary
By:
Name'
Title:
BYC~~
MI962610.075/09/18/96
7
LOEWS MIAMI BEACH HOTEL OPERATING
COMPANY, INC.
ATTEST:
BY:'~
Secretary
MI96261 0.075/09/18/96
8
ATTEST:
By:J(o\.M.f- f(I.A~
Robert Parcher
Secretary
MI9626I 0.075/09/18/96
9
MIAMI BEACH REDEVELOPMENT AGENCY
By:
our Gelber
FORM APPROVED
REDEVELOPMENT AGENCY
GENERALCO~
By 11( ~ '
Date 9 /~/1&
SOLELY FOR THE PURPOSES OF PARAGRAPH 6 OF THE FOREGOING AGREEMENT:
CITY OF MIAMI BEACH, FLORIDA
By:-Po~r P ~
Robert Parcher
City Clerk
By:
ATTEST:
Gelber
Forn.)! ^ PPRC1 '~~D
. r'.I'If H. ., c.:_
LEGAL OEP
By
Date
MI962610.075/09/18/96
10
EXHIBIT A
LAND
W6-MI962610.075
HOTEL LEGAL DESCRIPTION
PARCEL J:
LOTS 1, 2, 17 AND 18, BLOCK 55, FISHER'S FIRST SUBDIVISION OF Al TON BEACH,
ACCORDING TO PLAT THEREOF', RECORDED IN PLAT BOOK 2, AT PAGE 77, OF' THE
PUBLIC RECORDS OF' D.ADE COUNTY, FLORIDA, LESS THAT PART OF' lOTS 2 AND
17 L VING NORTH OF A LINE. WHICH SND LINE IS LOCATED AND DESCRISED AS
FOLLOWS:
BEGIN AT THE NORTHWEST CORNER OF LOT 16, BLOCK 55. FISHER'S FIRST
SUBDIVISION OF' At.. TON BEACH, THENCE RUN SOUTHWESTERL Y AlONG THE
wESTERL Y LINE OF SAID LOTS 16 AND 17 FOR A DIST NIICE OF' 72 FEET TO A
POINT. SAID POINT BEING THE POINT OF BEGINNING OF THE LINE BEING
DESCRIBED: THENCE EASTERLY PARALLEL TO THE NORTHERLY LINE OF LOT 16
AND LOT 3, BLOCK 55 OF FISHER'S FIRST SUBDIVISION OF' AI.. TON BEACH FOR A
DIST ANCE OF' 400 F'EET TO A POINT IN THE EASTERLY LINE OF LOT 2, OF' SA.lD
BLOCK 55, FISHER'S FIRST SUBDIVISION OF At. TON BEACH.
A.S TO LOTS 2 AND 17, SA.lD PROPERTY tw4AY ALSO BE DESCRIBED AS lOTS 2 AND
17, LESS THE NORTH 21..3 FEET THEREOF', IN BLOCK 55, ALTON BEACH FISHER'S
FIRST SUBDIVISION, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT
BOOK 2. AT PAGE 77, OF THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA.
PARCEL II:
PARCEL OF' LAND lYING BETWEEN BLOCK 55, OF riSHER'S FIRST SUBDIVISION OF'
A.L TON BEACH, ACCORDING TO PLAT THEREOF, RECORDED IN PLAT BOOK 2, AT
PAGE 77, OF' THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA, AND THE HIGH
WATER MARK OF THE ATLANTIC OCEAN, WHICH SAID PARCEL OF LAND IS
P~TICULARL Y DESCRIBED AS FOLLOWS:
SEGI~ AT THE SOUTHEAST CORNER OF SAID LOT 1, BLOCK 55. FISHER'S FIRST
SUBDIVISION OF Al TON BEACH, THENCE RUN NORTHERLY ALONG THE
EASTERL V LINE OF LOT 1 AND LOT 2 OF' SAID BLOCK 55. FISHER'S FIRST
SUBDIVISION OF Al TON BEACH A DISTANCE OF' 102.2 FEET MORE OR LESS TO A
POINT IN THE EASTERLY LINE OF SA.lD LOT 2, WHICH SAID POINT IS 72 FEET
SOUTH OF THE NORTHEAST CORNER OF LOT .3 OF' SAID BLOCK 55 OF FISHER'S
FIRST SUBDIVISION OF' AlTON BEACH: THENCE RUN IN AN EASTERL Y DIRECTION
ALONG A LINE PARALLEL TO THE EASTERLY EXTENSION OF THE NORTH LINE OF
SAJD LOT ,3. TO THE HIGH WATER MARK OF' THE ATLANTIC OCEAN: THENCE RUN
IN ;. SOUTHERL V DIRECTION AlONG THE HIGH WATER MARK OF THE ATLANTIC
OCEAN A DIST ANCE OF 102.2 FEET tw40RE OR LESS TO A POINT ON SAID HIGH
WATER MARl( OF' THE ATLANTIC OCEAN WHICH IS THE INTERSECTION WITH THE
E ASTERL Y EXTENSION OF' THE SOUTHERLY LINE OF SAID LOT 1: THENCE IN A
WESTERL Y DIRECTION AlONG THE EASTERLY EXTENSION OF SAID SOUTH LINE
OF LOT , TO THE POINT OF' BEGINNING.
1 of /t 3
HOTEL LEGAL DESCRIPTION
PARCEL 11/:
LOTS 3 AND 16 AND THE NORTH 21.3 FEET (AS MEASURED ALONG LOT LINES) OF
LOTS 2 AND 17, BLOCK 55, FISHER'S FIRST SUBDIVISION OF' ALTON BEACH,
ACCORDING TO THE PLAT THEREOF AS FILED FOR RECORD IN PLAT BOOK 2,
PAGE 77, OF' THE PUBLIC RECORDS OF' DADE COUNTY, F'LORIDA: TOGETHER
WITH: THAT CERTAIN PARCEL OF' LAND L VING EAST OF N-4D ADJACENT TO THE
LAND DESCRIBED ABOVE, SAID LAND BOUNDED ON THE SOUTH BY THE SOUTH
LINE OF THE ABOVE DESCRIBED PARCEL EXTENDED EASTERL Y BOUNDED ON
THE NORTH BY THE NORTH LINE Of THE ABOVE DESCRIBED PARCEL EXTENDED
EASTERL Y BOUNDED ON THE EAST BY THE MEAN HIGH WATER LINE OF THE
ATLANTIC OCEAN AND BOUNDED ON THE WEST BY THE EAST LINE OF SAID LOTS
2 AND 3 ~OREMENTIONED.
PARCEL IV:
LOTS 9, 10, '1, 12 AND NORTH 112 OF' LOT 8 AND THE NORTH 112 OF LOT 13, BLOCK
56 Of FISHER'S FIRST SUBDIVISION OF AlTON BEACH FLORIDA. A SUBDIVISION IN
fRACTIONAL SECTION 34, TOWNSHIP 53 SOUTH, RANGE 42 EAST, ACCORDING TO
THE PLAT THEREOF, RECORDED IN PLAT BOOK 2, AT PAGE 77, OF THE PUBLIC
RECORDS OF DADE COUNTY, FLORIDA.
PARCEL V:
BEGINNING AT THE NORTHEAST CORNER OF LOT 9, IN BLOCK 56 OF FISHER'S
FIRST SUBDIVISION OF AlTON BEACH, AS THE SAME IS SHOWN MARKED AND
DESIGNATED ON A PLAT OF SAID SUBDIVISION. RECORDED IN PLAT BOOK 2, AT
PAGE 77, IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN .AND FOR DADE
COUNTY, FLORIDA; THENCE RUN IN AN EASTERLY DIRECTION ALONG THE
NORTH LINE OF LOT 9 OF BLOCK 56, PRODUCED TO THE HIGH WATER LINE Of
THE ATLANTIC OCEAN; THENCE RUN IN A SOUTHERLY DIRECTION MEANDERING
SAID HIGH WATER LINE A DISTANCE OF 76.05 FEET PLUS OR MINUS TO A POINT,
SAID POINT BEING AT THE INTERSECTION OF' THE LAST MENTIONED COURSE
WITH THE CENTER LINE OF LOT 8 OF BLOCK 56 PRODUCED TO THE HIGH WATER
LINE OF THE ATLANTIC OCEAN: THENCE RUN IN A WESTERLY DIRECTION AlONG
SAID CENTER LINE OF LOT 8, BLOCK 56 PRODUCED TO THE HIGH WATER LINE OF
THE ATLANTIC OCEAN: THENCE RUN IN A WESTERLY DIRECTION ALONG SAID
CENTER LINE OF' LOT 8, BLOCK 56 PRODUCED TO THE EAST LINE OF' BLOCK 56, AT
ITS INTERSECTION WITH THE CENTER LINE OF LOT 8, IN BLOCK 56; THENCE RUN
IN A NORTHERLY DIRECTION ALONG SAID EAST LINE OF' BLOCK 56, A DISTANCE
OF' 76.05 FEET PLUS OR MINUS TO A POINT OF' BEGINNING.
2 of J4 '3
UU 6.~.. _""""U~"LW JJ~..Jvl\..L.J:' .1. J..un
PARCEL/I:
BEGINNING AT THE SOUTHEAST CORNER OF LOT 10, IN BLOCK 56 AS SHOWN 8,,-
THE PLAT ENTITLED "FISHER'S FIRST SUBDIVISION Of ~ TON BEACH", S~D PLAT
BEING RECORDED IN PLAT BOOI< 2, AT PAGE 77. Of THE PUBLIC RECORDS OF
DADE COUNTY. FLORIDA; RUN IN A NORTHERL Y DIRECTION ALONG THE EAST
LINE OF SAID LOT 10, A DIST ANCE Or:- 50.7 FEET TO THE NORTHEAST CORNER 0;:-
LOT 10; THENCE RUN IN AN EASTERL'( DIRECTION ALONG THE NORTH LINE OF
SAID LOT 10. PRODUCED EASTERL'( TO THE HIGH WATER LINE OF THE ATLAN,I:
OCEAN; THENCE RUN IN A SOUTHERL'( DIRECTION, MEANDERING SAID HIGH
WATER LINE A DIST~CE OF '50.7 FEET,PLUS OR MINUS, TO A POINT; THENCE
RUN IN A WESTERLY DIRECTION ALONG THE SOUTH LINE OF LOT 10. IN BLOCK
56, PRODUCED EASTERLY, TO THE POINT OF BEGINNING.
PARCEL VII:
THE SOUTH 1/2 OF LOTS 8 AND 1.3 AND ALL OF LOTS 7 ~D 14, LESS THE SOUTH
12.65 FEET OF SAID LOTS 7 AND 1., TOGETHER WITH THAT PIECE OF PARCEL OF
LAND LYING BETWEEN THE NORTH AND SOUTH BOUNDARIES OF' SAID
PROPERTY EXTENDING EASTWARD TO THE ATLANTIC OCEAN, ALL LYING AND
BEING IN BLOCK 56. OF FISHER'S F'IRST SUBDIVISION OF ALTON BEACH,
ACCORDING TO THE PLAT THEREOF', AS RECORDED IN PLAT BOOK 2, AT PAGE 77.
OF' THE PUBLIC RECORDS OF DADE COUNTY, FLORIDA.
PARCEL VIII:
THAT PORTION OF' AVENUE C (AlK/A 16TH STREET) AS SHOWN IN FISHER'S FIRST
SUBDIVISION OF' ALTON BEACH, RECORDED AT PLAT BOOK 2, AT PAGE 77, OF' THE
PUBLIC RECORDS OF' DADE COUNTY, FLORIDA. AND ITS EASTERLY EXTENSION
BOUNDED ON THE WEST BY THE EASTERLY RIGH:r-OF-WAY LINE OF COLLINS
AVENUE AND BOUNDED ON THE EAST BY THE EROSION CONTROL LINE, ALL OF
WHICH IS MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCE, AT THE NORTHWEST CORNER OF LOT 11, BLOCI< 56, FISHER'S FIRST
SUBDIVISION OF ALTON BEACH, PLAT BOOK 2, AT PAGE 77, OF' THE PUBLIC
RECORDS OF DADE COUNTY, FLORIDA. S~D POINT BEING THE POINT OF
BEGINNING; THENCE NORTH 88 DEGREES 00 MINUTES 49 SECONDS EAST ALONG
THE NORTH LINE OF SAID BLOCK 56 N<lD ITS EASTERLY EXTENSION FOR A
DIST N<lCE OF 576.20 FEET TO THE POINT OF INTERSECTION WITH THE EROSION
CONTROL LINE OF' THE ATLANTIC OCEAN; THENCE NORTH 8 DEGREES 54
MINUTES 5.3 SECONDS EAST, ALONG THE EROSION CONTROL LINE FOR A
DIST N<lCE OF 71.28 FEET TO THE POINT OF INTERSECTION WITH THE EASTERL Y
EXTENSION OF THE SOUTH LINE OF BLOCK 55 OF' THE ABOVE MENTIONED
FISHER'S FIRST SUBDIVISION OF At. TON BEACH; THENCE SOUTH 88 DEGREES 00
MINUTES 49 SECONDS WEST, ALONG THE SOUTH LINE Of SAID BLOCK 55 AND ITS
EASTERL Y EXTENSION F'OR A DIST -'NCE or 577.88 FEET TO THE POINT OF
INTERSECTION WITH THE EASTERLY RIGHT-OF'-WAY or COLLINS AVENUE;
THENCE SOUTH 07 DEGREES .35 MINUTES O. SECONDS WEST,AlONG THE
EASTERL Y RIGHT-OF-WAY LINE OF COLLINS AVENUE FOR A OIST ~CE OF' 70.98
FEET TO THE POINT or BEGINNING.
3 of fi3