Loading...
Development Agreement among TMG 67 Communities, LLC., Deauville Associates, LLC. and CMB 20�,5_�3�o`t ���.���.��������,.���.IIIII IIIII I�I���������� �wm uni mu n��� C:FN 2��25F.'ilF:9?459 Prepared by and Retum to: Ofi BY. 34&iG Fss 313G-3t95 (50Fvsi Fli::pkGF.fi iliitEi7�;.2r'�. i]::?tini.. Jf1AN P[�NFNUEZ-P.Att011Is! Bermw Radell Fernandez Larkin&Tapanes �t FF�E OF T 0�1h f c �_�9F5k]LLIR Attn: Michael Larkin tlINi1L-RAG4_ �?OiJHiT� FL 200 South Biscayne eoulevard, Suite 300 Miami, Fbrida 33131 (Space Reserved for Clerk) DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this "AqreemenY') is made and entered into by and among the CITY OF MIAMI BEACH, a Florida municipal corporation (the "C�"), and jointly and severally, TMG 67 COMMUNITIES LLC, a Delaware limited liability mmpany, DEAUVILLE ASSOCIATES LLC, a Florida limited liability company, (collectively, the "Developer"). Introduction A. The property that is the subject of this Agreement lies in Miami Beach, Miami-Dade County, Florida. This Agreement, among other things, is intended to and shall constitute a development agreement between the parties pursuant to Sections 1633220-163.3243, Florida Statutes, the "Florida Lo�al Government Development Agreement Ad (the "AcY') and Chapter 2, Artide XI of the City's Land Development Regulations (the "Resiliency Code"). B. The City is a Fbrida municipal corporation with powers and authority conferred under the Florida Constitution, the Municipal Home Rule Powers Act, Florida Statutes, the Miami Beach City Charter and the Miami Beach City Code of Ordinances. The City has all governmental, corporate and proprietary powers to enable it to conduct municipal government, perform municipal and governmental functions, and render municipal services, including the authority to adopt, implement and enforce (together with any other required govemmental approvals) mmprehensive plans, zoning ordinances, redevelopment plans, and other police power and legislative measures ne�essary to assure the health, safety and general welfare of the City and its inhabitants. C. The Developer owns the properry located at the 6701 Collins Avenue, Miami Beach, Florida, more specifically described in F�chibit "A" att�thed hereto and incorporated herein by this reference (the "Developer PropertJ'). j � 1 � 1 �';.:/�i ew avivzaiasoiove D. The Developer Property was previously developed with a contributing historic building known as the Deauville Hotel.The previously existing Deawille Hotel was constructed in 1956 and designed by noted Miami Beach architect Melvin Grossman, in the Post War Modem (MiMo) style, was dassified as contributing in the Miami Beach Historic Properties Database and was located within the North Beach Resort Local Historic Distritt. E. The Deauville Hotel was an outstanding example of the Post War Modern style and was featured in the 1958-1959 issue of Florida Architecture. One of the most noticeable features of the building was its dramatic porte-cochere, comprised of sweeping intersecting parabolic curves, which created a defining entry point for this once all-indusive resort. Stepped horizontal planes rose from the street to the second floor lobby entrance along the building's fa4ade, providing shelter and a dear pedestrian procession from Collins Avenue. This lobby entrance was one of the three main differentiated architectural features of the building. Over time,the Deawille Hotel became a landmark for more than just its architecture; it was also the site of the Beatles' second performance in the United States for the Ed Sullivan Show on February 16, 1964. There were many other notable entertainers of the 1950s and 1960s that performed atthe hotel, induding but not limited to Frenk Sinatra, Sammy Davis Jc, Dean Martin, Tony Bennett, Bing Crosby, and Judy Garland. F. The Deauville Hotel was highlighted in the North Beach Master Plan, dated October 19, 2016, as one of the most notable hotels in the North Beach Resort District. The City's historic preservation ordinance prioritizes the protection and revitalization of sites and districts within the City having special hlstoric, architectural, and archaeological value to the public This indudes the "protection of such historic sites and districts to combat urban blight, promote tourism, foster civic pride, and maintain physical evidence of the City's heritage"; the "encouragement and promotion of restoration, preservation, rehabilitation and reuse of historic sites and districts by providing technical assistance, investment incentives, and facilitating the development review process"; and the 'promotion of excellence in urban design by assuring the compatibility of restored, rehabilitated or replaced structures within designated historic districts." See Section 213.1 of the Resiliency Code. G. Deauville Associates, LLC also owns the property more specifically described in Exhibit "B" attached hereto and incorporated herein by this reference (the "Garaae Pronertv"), which is currently improved with a parking garage historicall-., used in connection with the operation of the Deauvilie HoteL �� � �'I Z . . .q8�µ�� � H. The Developer applied to amend the City's 2040 Comprehensive Plan and Resiliency Code to establish the "North Beach Oceanfront Overlay" through Planning Board File Nos. PB24-0708 and PB24-0693 and the City has approved the amendments through Ordinance Nos. 2025-4750 and 2025-4751. I. The Developer seeks to redevelop the Developer Property with a partial reconstruction of the former Deauville Hotel pedestal and reinterpretation of the former Deauville Hotel tower with a mntemporary rooftop addition above portions of the reconstruded pedestal containing long term residential units, as reflected in the detailed matrix of floor areas, induding residential tower floor plates attathed as Exhibit "C" attached hereto and incorporated herein by this reference, consistent with the zoning regulations of the City's Land Development Regulations (as may be amended by the Comprehensive Plan Amendment and Land Development Regulations Amendments) as further detailed in this Agreement (the "Deauville ProiecY'). 1. The Developer intends to provide certain public benefits for the North Beach area of the City ("North Beach"), induding: (1) partial reronstruction of the former Deauville Hotel building induding the pedestal and a reinterpretation of the original hotel tower within a certain timeframe; (2) construction and perpetual aaess to pathways connecting Collins Avenue to the beach walk; (3) leasing, conveying and/or granting easements over certain areas within the Garage Property to the City for public parking and public purposes, (4) providing funding for certain costs associated with planning future improvemeMs to the Byron Carlyle Theater site located at 500 71 Street(the"Bvron Carlyle Site"); (5) development of a pocket park; and (6) funding of infrastructure improvements in North Beach (the "Public Benefits"). K. Having fully considered this Agreement at two (2) duly noticed public hearings in compliance with Section 163.3225 of the Act; and, having determined that the Project and this Agreement are in compliance with the City's Comprehensive Plan and Land Development Regulations (as may be amended by the Comprehensive Plan Amendments and the Land Development Regulations Amendments (as more specifically defined below)) as of the Effective Date; and, having further determined that it is in the City's best interest to address the issues covered by this Agreement in a comprehensive manner; the City has agreed to enter into this Agreement with the Developer. L The City has determined that the Project and the Public Benefits will benefit the City and the public, through without limitation, the partial reconstruction of the Deauville Hotel tower and reinterpretation of the Deawille Hotel tower (collectively considered a partial reconstrudion of the former Deauville Hotel),� increased beach accessibility, improvementsto the availability of parking and infrastr.ucture improvements 3 in North Beach, and the facilitation of development of an Art and Culture Center at the Byron Carlyle Site. M. All capitalized terms used in this Introduction are defined in Paragraph 3 of or elsewhere in this Agreement. NOW,THEREFORE, im m�sideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. Recitations/Authority. The foregoing recitations are true and correct and are inmrporated herein by this reference. This Agreement is entered into pursuant to the authority and procedures provided by the Act and Chapter 2, Artide XI, of the Resiliency Code. 2. Definitions. All capitalized terms used in this Agreement shall have the definitions set forth in this Paragraph 3 unless such terms are defned elsewhere in the body of this Agreement. a) "Act" is defined in the recitals. b) "Accessory Uses" shall mean uses customarily associated with hotels and multifamily residential uses, which are open to hotel guests, residents of the multi-family residential units and their guests, and/or the general pu6lic. c) "Buildinp PermiY' shall mean any permit Issued by the City of Miami Beach 8uilding Department or Building Official, induding any foundation, building or phased permits. d) "Business Dav" shall mean any day other than a Saturday, Sunday, any federal or state holiday and the following Jewish holidays: Passover (the first two (2) days and last two (2) days only), Shavuot(two (2) days), Rosh Hashanah (two (2) days), Yom Kippur (one (1) day), and Sukkot (the first two (2) days and last two (2) days only). If any period expires on a day which is not a Business Day or any event or condition is required by the terms of this Agreement to occur or 6e fulflled on a day which is not a Business Day, such period shall expire or such event or condltion shall occur or be fulfilled, as the case may be,on the next sucreeding Business Day. � � �� � 4 4� e) "Bvron Carlyle Site" shall mean the property bcated at 500 71 Street and adjacent City-owned surface parking lot. � "C�" shall mean the City of Miami Beach, a Florida municipal corporation, having itr printipal offices at 1700 Convention Center Drive, Miami Beach, Florida 33139. In the event the City ezercises its regulatory authority as a governmental body, the exercise of such regulatory authoriTy and the enforcement of any laws, rules, regulations, ordinances, and plans (including through the exercise of the City's building, fire, code enforcement, police department or otherwise) shall be deemed to have occurred pursuant to the City's regulatory authority as a govemmental body and shall not 6e attributable in any manner to the City as a party to this Agreement or in any way deemed in conflict with, or a defau�t under, the City's obligations hereunder. g) "Comprehensive Plan" shall mean the comprehensive plan which the City has adopted and implemented for the redevelopment and mntinuing development of the City pursuant to Chapter 163 Part II, of the Florida Statutes. h) "Comurehensive Plan Amendments" shall mean any amendments to the Comprehensive Plan to, among other things: (a) amend the Comprehensive Plan to establlsh the "North Beach Oceanfront Overlay" land use overlay category; and (b) amend the text of the Comprehensive Plan to authorize floor area bonuses for property within the North Beach Oceanfront Overlay. i) "Deawille ProjecY' is defined in the recitals. j) "Developer" shall mean the persons or entities named in the preamble to this Agreement, and any permitted successors, or assigns thereof; provided, however, the term "Developer" shall not mean the City. k) "Develo�er Propertv" is defned in the recitals. I) "Development Order" shall mean any order granting, denying, or granting with conditions an application for a Development Permit. m) "Development Permit" shall have the meaning set f hins� � � n 7633221(5), Florida Statutes (2025). ���'� ' ! �.��� )) 5 ��;: . . °:, n) "Effective Date" shall mean the date when the City records the executed Agreement in the Public Records of Miami-Dade County, as provided in Section 1633239, Florida Statutes (2025), and Paragraph 13 of this Agreement. o) "Execution Date" shall mean the date [he last of the required parties executes this Agreement. p) "Garage ProiecY' shall mean the repairs, maintenance and operation of the Garage Property, as further detailed in Section 5, mnsistent with the zoning regulations of the City's Land Development Regulations and other relevant provisions of the CiTy Code and the City's Resiliency Code. q) "Garege Propertv" shall mean the property more specifically described in Exhibit "B" attached hereto and incorporated herein by this reference. r) "Land Development Regulations" shall have the meaning set forth in Sedion 163.3221(8), Florida Statutes (2025) and shall also indude, without limitation, the definition of"land development regulations" in Section 1.2.1 of the City's Resiliency Code. s) "Land Development Reaulations Amendments" shall mean amendments to the Land Development Regulations to, among other things: (a) establish the "North Beach Oceanfront Overlay" within the City's Land Development Regulations; and (b) amend the teut of the Land Development Regulations to authorize floor area and height bonuses, as well as establish regulations that facilitate the partial reconstruction of the Deauville Hotel on the Developer Property under the terms of the North Beach Oceanfront Overlay. t) "Laws" shall mean all laws, rules, regulations, ordinantes, plans, resolutions, comprehensive plans and land development regulations, specifically induding the CiTy's Comprehensive Plan and Resiliency Code. u) "ProiecY'shall mean, wllectively, the Deauville Project and the Garage Project. (! r �-,�+� i e 6 I'',�, L "� � �� `t.t �> YlFtt. v) "Resiliency Code" shall mean the City's current land development regulations. w) "Overlav" shall mean the "North Beach Oceanfront Overlay" in the Comprehensive Plan and Land Development Regulations proposed through File Nos. through Planning Board file Nos. PB24-0708 and PB24-0693 and approved through Ordinance Nos. 2025-4750 and 2025-4751. x) "Triangle Pocket Park Site" shall mean the existing landscaped swale area located at the intersection of 67`h Street, Indian Creek Drive, and Harding Avenue more specifically described in in Exhibit"D"attached hereto and incorporated herein by this reference. 3. The Deauville Proiect. a) The Deawille Project shall be a mixed-use development consisting of hotel, residential, and accessory uses. The maximum total floor area permitted upon the Developer Property shall not exceed 900,047 square feet which shall be distributed among the hotel, residential and accessory uses substantially in the manner set forth in Exhibit "C". b) It is prohibited to establish a casino, gambling lounge, betting house, gaming house, or other similar gambling or gaming use within the Deauville Project. c) The height of any multi-family residential tower on the Developer Property shall not exceed 300 feet in height (as measured from Design Plood Elevation, as defined in the Land Development Regulations), and any architectural projedions will comply with the terms of the Land Development Regulations (as may be amended by the Comprehensive Plan Amendment and the Land Development Regulation Regulations Amendments). d) The uses permitted on the Developer Property shall be: up to 200 multi-family residential units, up to 140 hotel rooms, and accessory uses (as defined herein). . e) The floor area of the Deauville Project shall be dlvided as follows: ������. I�i � � i. A minimum 150,000 square foot mixed-use pedestal incorporating the partial reconstruction of the former Deauville Hotel building pedestal; ii. A minimum 100,000 square feet hotel floor area; iii. A maximum of 650,000 square feet of residential tower floor area; and iv. Floor area associated with accessory uses. � The Deauville Project shall indude two pedestrian pathways to the City's Bea�hwalk, one elevated pathway bcated at the north side of the Developer Property with an estimated cost to construct of $3,879,694.00, and one located south side of the Developer Property with an estimated cost to construct of $2,531,071.00. The Developer shall prepare, for the City's approval, a Dedaration of Restrictive Covenant or Access Easement providing that the Pedestrian Pathways from Collins Avenue to the Beachwalk shall be open for use by pedestrians from 6AM until sunset, every day of the week, in perpetuity. g) The Deauville Project shall indude on-site parking in accordance with the provisions of the Land Development Regulations (as may be amended by the Comprehensive Plan Amendment and the Land Development Regulations Amendments). Parking for the Deauville Project may also 6e located on the Garage Property. 4. DevelopmentApprovals. a) The Developer acknowledges that development of the Deauville Project will require approval of a Certificate of Appropriateness("COA") by[he City's Historic Preservation Board ("HPB"), which will determine if the partial reconstruction of the former Deauville Hotel building induding the pedestal and a reinterpretation of the original hotel tower is appropriate, and requires conditional use approval by the City's Planning Board (collectively, the "Project Zonina Aoarovals`). b) Promptly following the Effective Date, the Developer shall diligently prepare applications requesting the Project Zoning Approvals (collectively, the "Project 2oning Applications"). The preparation of : �t 8 � , A a� i ;:1 `%:'' /.,p�6 0o wF� the Project Zoning Applications shall be at the sole mst and expense of the Developer, in acmrdance with all City requirements, and shall indude proposed plans sufficiently developed to permit the HPB and/or Planning Board (as applicable) to ad on the Projed Zoning Application(s). c) ThedeadlinesforobtainingabuildingpermitunderanyProjectZoning Approval shall be deemed to run with Term of this Agreement. d) The Developer acknowledges that review of the Project Zoning Applications by the City and its Boards is quasi-judiciai, and that nothing in this Agreement obligates the City to approve the Project Zoning Applications or limits the quasi-judicial authority of the City and its Boards to impose condltions or take any action on the Project Zoning Applications as provided by the City Code. If either or both of the Project Zoning Applications is or are denied by the City, or if either or both of the Project Zoning Approvals contain any terms, conditions or obligations not consistent with the terms and conditions of this Agreement or otherwise unacceptable to Developer in its sole and absolute discretion, then the Developer may elect to: (i) diligently prepare revised Project Zoning Applications requesting the Projed Zoning Approvals for a revised Deauville Project that still conforms with the Deauville Project as defined in this Agreement or (ii) exercise any rights of appeal the Developer may have. e) The Developer shall submit a legally sufficient application to the Planning Board for the conditional use of the Garage Property within sixty (60) days of the Effective Date. 5. Develo�er's Public Benefit Obliaations. In exchange for the extended deadlines authorized in Section 2.11.2 of the Resiliency Code and the City's agreement to use good faith efforts to expedite processing of all Applications for Development Approvals and Development Permits,the Developer shall comply with the following requirements as public benefts to the City: a) The Deauville Project i. The Developer shall submit legally sufficient Pro}ect Zoning Applications to the City within eighteen (18) months after tlie�. Effective Date and diligently pursue the approval of the Deauville� Project. 9 ii. The Developer shall prepare and submit the building permit application for the Project within eighteen (18) months after the final nomappealable approval of a COA for the Projed by the City's HPB or the issuance of a conditional use permit for the Project by the City's Planning Board. iii. The Developer shall mmplete and, if relevant, secure a temporary certificate of occupancy for the following elements of the Deawille Project within five (5) years of the issuance of the building permit: 1. A minimum 150,000 square foot mixed-use pedestal incorporating the partial reconstruction of the former Deauville Hotel building, and 2. The two pedestrian pathways to the City's Beachwalk bcated at the north and south sides of the Developer Property. b) Use ofGarage Property i. Within sixty (60) days of the Effective Date, the Developer shall engage a structural engineer to evaluate the structural integrity of the Garage Property. The structural engineer's report shall be provided to the City within ninety (90) days of the date the engineer is engaged. The Developer shall apply for a conditional use approval for the Garage Property within sixty (60) days of the Effedive Date. ii. If, within thirty (30) days of the City reviewing the engineer's report, no life-safety concems or structural deficiencies are raised, the Developer shall permit the City to utilize a minimum of one hundred and fifty(150) parking spaces in a location within the Garage Property mutuaily acceptable to the City and the Developer, for public parking (the "Public Parking Spaces"), immediately upon the conditional use approval 6eing secured. iii. If life-safety concerns or structural deficiencies are raised in the engineer's report, the Developer shall be responsible for diligently pursuing all necessary repairs to corred the life-safety issues`and structural deficiencies, which shall be completed within one hunc�'ed and eighty(180) days of the City reviewing the engineer's report.hhe Developer may make a written requests for an extension of the'time to complete the repairs upon a showing that the Developer 'is 10 diligently pursing building permits to complete the repairs in good faith and the extension of time is reasonably necessary to obtain the required building permit(s) and complete the repairs, and an extension of time may be granted by the City Manager. on a one- time basis, in the City Manager's sole discretion. iv. UponthemmpletionofanynecessaryrepairsrequiredunderSection 5(b)(i)-(iii) and issuance of the conditional use permit for public parking at the Garage Property, the Developer shall lease, convey permit, or otherwise permit the City to use the Public Parking spaces immediately, for a period of not less than twentyfiour (24) months (the "Temporary Public Parking Period"). Following the Temporary Parking Period, the Developer may modify the number of parking spaces available to the City, or temporerily dose the Garage Property for use by the publlc, for the purpose of making improvements and upgrades to the Garage Property, for the time period reasonably necessary to make such improvement and upgrades. The Developer shall make commercially reasonable efforts to maintain all or a portion of the Public Parking Spaces availabie to the public (induding rebcating the Public Parking Spaces within the garage if commercially reasonable) or complete improvements in a manner to allow restoration of the temporary public parking use within a reasonable time after commencement of the improvement and upgrades. If this Agreement is terminated pursuant to Section 18,the Developer shall have the option to terminate the temporary public use after the Temporary Public Parking Period and shall thereafter have no obligation to provide the Public Parking Spaces to the City. Upon issuance of a master building permit for the Deauville Project, the Developer shall lease, convey, or otherwise permit the City to utilize the Public Parking Spaces in perpetuity, in a form aaeptable to the City Attorney. v. The Developer may elect to establish a commercial condominium, at the Developer's sole cost and expense, to allow conveyance of the parking spaces to the City in a form aaeptable to the City Attomey, or the Developer may lease for a period of ninety-nine (991 years for one dollar ($1.00) per year, in a form a�ceptable to the City Attorney, the Public Parking Spaces to the City, or may othenvise authorize use� of the Public Parking Spaces by the City via appropriate instrumen,t ' in a form acceptable to the City Attorney. The Developer���.,6ha11� � 11 permanently convey or lease the parking spaces to the City at the earlier of (i) thirty-six (36) months from the Effective Date; or (ii) within thirty(30) days of issuance of a master building permit for the Deauville Project, except that in the event the Developer elects to form a commercial condominium to convey the parking spaces to the City, the City Manager may extend this timeframe to allow for establishment of the condominium, provided that the Developer has commenced the process to form the commercial condominium and is proceeding in good faith with establishment of the wmmercial condominium. vi. The City shall operate the public parking use, induding installing all necessary equipment to serve the public parking spaces, managing methods of payment, sanitation, refuse collection, security, and any other matter reasonably necessary for the day-to-day operation of a parking garage. vii. The Developer may, at its option, subject to the issuance of all necessary City approvals, incorporate a sales center for the Deauville Project into the Garage Property. viii. For the period commencing on the Effedive Date and ending on the later of: (A) five (5) years following the Effective Date or (B) the date of issuance of the temporary certificate of occupancy for the Deauville Project (the later of such dates, the "Contribution Obligation Commencement Date"), the Developer shall be responsible for all capital improvements to the Garage Property and the City shall be responsible for standard maintenance of its spaces. Developer shall make any necessary capital improvements in a timely mannec From and afterthe Contribution Obligation Commencement Date, the Developer and the City shall share in the cost of required capital improvements that are solely related to the areas within the Garage Property used for The parking of vehides, but expressly exduding any deferred capital improvements, on a pro rata basis, with the City responsible for thirty-four percent (34%) of costs, and the Developer responsible for sixty-six (66%) percent of costs. The Developer shall provide the Public Parking spaces to,{he{iry�,in a location within the Garage Property approved by th���City, mutua� acceptable to the Parties. The Developer may ele�t, su6ject:to Ch City's right of approval after conducting such inspectionsas the Ci i 12 shall deem necessary or desirable, to establish a commercial condominium, at the Developer's sole cost and expense, to allow conveyance of the Public Parking Spaces to the City. Upon permanent conveyance, or lease for$1 per year, in a form acceptable to the City, the Public Parking Spaces to the City. The Developer shall convey the Public Parking Spaces to the City within ninety (90) days of the spates being made available to the City pursuant to Section S(b)(i), except that in the event the Developer elects, and the City agrees, to form a commercial condominium to convey the parking spaces to the City, the City Manager may extend this timeframe to allow for esta6lishment of the condominium, provided that the Developer has commenced the process to form the commercial condominium and is proceeding in good faith with establishment of the commercial condominium. Upon conveyance or lease of the parking spaces, or other authorization for use of the Publit Parking Spaces by the City following issuance of a master building permit for the Deauville Project, the Ciry shall be responsible for thirty-four (34%) of assessments, operating expenses, maintenance msts, (but expressly exduding capital improvements), and utilities for the garage. In the event the Developer eleds to lease the Public Parking Spaces to the City, or otherwise authorize the City to use the Public Parking Spaces in a manner that does not transfer ownership of the Public Parking Spaces to the City, the City shall not be responsible for any portion of property taxes paid with respect to the Garage Property at any time. ix. If a¢ess or utilization of any City-owned spaces will be impacted by the work on capital improvements to the Garage Property, the Developer shall provide the City with temporary spaces within the facility in a location reasonably a¢eptable to the City. x. The City shall have the right, in its proprietary capacity, to conduct such inspections of the Garage Property as the City shall determine in its sole discretion from time to time upon the extent possible and commercially reasonable notice to Developer. xi. If, at some point in the future, the City determines, in its discretion;�� that it no longer needs or wishes to use the Public Parking Spaces in � the Garage Property,the City may sell its interest in the Public Parking � ,' Spaces but only after providing Developer with the �ight-of-first.� 13 refusal to purchase said spaces. Should the City wish to sell its interest in the spaces, the City shall notify Developer in writing and Developer shall have thirty (30) days to exercise its option to purchase the Public Parking Spaces or the City is free to sell the spaces to another party. c) CapitalCont�ibutionsfortheeyronCa�lyleAi7andCulturalCenterorfo� other public purpose. The Developer shall pay $7,500,000.00 ("Byron Carlyle Contribution") to the City for use in connection with the proposed redevelopment of the Byron Carlyle Site or for development of affordable/workforce/attainable housing. $7,000,000.00 of the payment shall be made within ninety (90) days of the Effective Date of this Agreement. The remaining $6,500,000.00 shall be paid at the earlier of (i) thirty-six months from Effective Date; or (ii) within sixty (60) days following the issuance of a building permit for the Deauville Project, except that the Developer shall advance up to $2,000,000.00 of the remaining $6,500,000.00 to the City within thirty (30) days of the City's approval of a mnstruction contract that the City is entering into related to the development of the Byron Carlyle Art and Cultural Center.The City may request the advance in connection with a construction contrad for the Byron Carlyle Art and Culture Center no earlier than the date upon which the Developer obtains approval of a final non-appealable COA for the Deauville Project, and such request shall be in writing. The application of the Developer's mntribution shall be at the City's discretion. Should the City determine that it does not wish to proceed with the capital improvements of the Byron Carlyle Art and Cultural Center,orwishes to apply the Developer's contribution to another public purpose, the Developer shall make the entire remaining contribution of $6,500,000.00 within thirty-six (36) months of the Effective Date and the City may use the contribution for any public purpose, at its discretion. d) 8/scayne Beach Elementary lnfrast�ucture lmp�ovements. Within thirty (30) days of the Effective Date,the Developer shall contribute $40,000.00 to the City for improvements to the Biscayne Beach Elementary sanitary sewer infrastructure. The application of the Developer's contri6ution shall be at the Ciry's discretion. e) Funding for lnfrastrudure Analysis and Repai�s Within thir,ty��(30) days � •. of securing a final non-appealabie approval of a Certificate ,of��' Appropriateness for the Deauville Project (by the City"s HPB), the � - 14 Developer shall contribute $400,000.00 in funding to the City for the purpose of funding an infrastructure evaluation and analysis, and any repairs identified in the analysis. The application of the Developer's contribution shall be at the City's discretion. � Resolution of Existing Fi�es. The Developer shall pay $6,300,000.00 to the City to resolve existing fines for tode violations on the Developer Property and the Garage Property in accordance with the terms of a settlement agreement dated April 23, 2025 between the City and the Developer (and certain affiliates of the Developer). g) Deve%pment of Triangle Pocket Pa�k The Developer shall design and construct a pocket park at the Developer's sole cost and expense located within the Triangle Pocket Park Site.The development of the pocket park shall be governed as foilows. i. Concept Plan ApprouaC Within a hundred and twenty (120) days of the final non-appealable approval of a COA for the Deauville Project by the City's HPB, the Developer shall present a concept plan to the City Manager or designee for the creation of the Triangle Pocket Park the "Triangle Pocket Park Concept Plan" for the City to approve, provided that the City shall not require a scope, design or specifications such that the aggregate hard and soft costs for the development and construction of the Triangle Pocket Park exceeds $250,000.00. The City Manager shall review and either confirm, approve or disapprove the Triangle Potket Park Concept Plan within thirty (30) days after receipt of the same If the City Manager fails to confirm, approve or disapprove the Triangle Pocket Park Concept Plan within such thirty (30) day period, the plan shall be deemed confirmed/approved by the City. However, if the City Manager timely disapproves of the Triangle Pocket Park Concept Plan, he/she shall give the specific and detailed reasons for such rejection, in which event, the Developer shall submit proposed modifications to the Triangle Pocket Park Concept Plan until the plan has been or is deemed to have 6een confirmed/approved by the City. ii. SchematicPlans/Hea�ingApp�oual The Developer, at Developer's sole cost and expense shall be responsible for pCeparation and processing of all necessary materials for the City'sl�Design Review� Board review and approval of schematic design plans implementiiig; 15 the Triangle Pocket Park Concept Plan. The Developer shall prepare and submit the Design Review 8oard application within a hundred and twenry (120) days of the City's approval of the Triangle Park Concept Plan. The City shall timely execute all necessary application materials upon the written request by the Developer. In the event the Design Review Board requires changes to the proposed design, the Developer will be responsible for preparing all necessary modifications. The Developer shall not be required to modify the plan in a manner such that the aggregate hard and soft costs for the development and construdion of the Triangle Pocket Park exceed $250,000.00. iii. Final Const�uction Oocuments and Proprietary Review Within 365 days of the Design Review Board approval of schematic design plans, the Developer shall prepare and submit to the City Manager the final tonstruction documents, including the preparation of design and permit plans, and the preparation of materials necessary for any development permits required by the City, County, and State, it being understood and agreed that the Developer's design professionals shall be responsible for preparing the construction documents in consultation with the City. The Developer shall submit such final construction documents to the City Manager for the sole and limited purpose of verifying that the flnal mnstruction documents conform in all material respects with the applicable approved Triangle Pocket Park Concept Plans. The City shall review and either confirm/approve or disapprove such final construction documents within thirty (30) days after receipt of the same, but for avoidance of doubt, the City may disapprove the final construction documents only if they do not conform In all material respects to the applicable approved schematic design plans. If the City fails to confirm/approve or disapprove such final construction documents within such thirty (30) day period, then such final construction documents shall be deemed mnfirmed/approved by the City. However, if the City timely disapproves such final construction documents, it shall give the specific and detailed reasons for sueh .. rejection, in which event, Developer shall submit proposetl� '�� modifications to such final construction documents so that they � `��.,�'<�; conform in all material respects to the applicable approved Triangle � �% Pocket Park Plans and then re-submit them to the City within sixty � (60) days of the City Manager's written disapproval pursuant to tlie `- 16 foregoing process until such final construction documents have been or are deemed to have 6een confirmed/approved by the City, and such final construction documents, once confirmed/approved or deemed approved by the City, shall be the documents submitted for building permit. iv. Proressing of Const�uction Pe�mit Within ninety (90) days of the City's proprietary approval of the final construction documents for the Triangle Pocket Park, the Developer shall, at its sole cost and expense, submit the building permit plans to the City. The City shall waive any permit fees associated with the submittal, unless mandated by state law. The Developer shall diligently pursue the issuance of a building permit for the improvements, induding making timely revisions and resubmittals until the permit for the improvements is issued. v. Construction of 7�iangle Pocket Pa�k W ithin 365 days of the City's issuance of all necessary permits, the Developer shall commence construction on the Triangle Pocket Park improvements and diligently pursue the completion of the work. h) TemporaryPublicOpenSpace. A portion of the Developer Property shall be developed as temporary public open space in accordance with the conceptual site plan attached as Exhibit E for use by the generel public during the period of time that the Deauville Project is seeking the required Development Approvals to develop the Deauville Project. Within fourteen (14) days of the Effective Date of this Agreement, the Developer shall present a draft temporary access agreement to the City Manager for City Manager's approval, with such approval not to be unreasonably withheld, and which shall be deemed granted if City Manager fails to deliver notice of disapproval within sixty (60) days of receipt of same, providing for temporary public access to the temporary public open space. Within thirty (30) days of the Effective Date of this Agreement the Developer shall have prepared ail required materials and filed all necessary permit applications. Within thirty(30) days of issuance of the required permit(s), the Developer shall commence construction of the temporary public park improvements, indusive of lapdscapin� lighting, and irrigation.The Developer shall diligently pursuecompletion �= ; of the improvements within one-hundred-twenty (120) day's of�isSuance"�,� �, of the required permits. The requirement to provide tem�orary publlc � 17 park use of the Developer Property shall terminate upon issuance of any building permit in furtherance of the Deauville Project. i) Cente� for Miami Modem Architectu�e and Resilience. The Developer shall design and construct a minimum of 4,000 square foot of exhibition and meeting spaces To be used as the Center for Miami Modem Architecture and Resilience at the Deauville Hotel (the "�enter") within the mezzanine of the partially reconstructed pedestal of the Deauville Project.The Developer shall offerthe Centerfor exdusive use bythe City, as well as non-profit organizations or educational institutions that enter into management, concession or other similar agreements with the City. j) Privately Owned Public Spaces. The areas depicted on the attached F�chibit F shall be deemed privately owned public open spaces ("POPS") that are generelly open to the public. The POPS shall indude a widened sidewalk promenade along portions of the Coliins Avenue frontage of the Developer Property, a beach access path on the south side of the Developer Property, an elevated beach access path on the north side of the Developer Property, and the lobby of the partially remnstruded Deauville Hotel. The hours of access for the POPS shall be as fol�ows: i. CollinsAvenue5idewalkPromenade24hoursperday. iL South Beach Acress The beach access path on the south side of the Developer Property depicted in Exhibit F shall be open to the public between the hours of 6:00 AM and 9:00 PM, seven (7) days per week. iiL North E/euated Beach Acress The beach access path on the north side of the Developer Property depicted in Exhibit F shall be open to the public between the hours of 6:00 AM and 9:00 PM. iv Reconstructed Deauville Cobby The reconstructed lobby of the Deauville Hotel depicted in Exhibit F shall be open to the public between the hours of 10:00 AM and 5:00 PM. The Owners shall be permitted to place reasonable restrictions on the number of persons accessing the reconstructed lobby at one time,or per day, to mitigate impacts on the operation of the hoteL . � The Owners shall install wayfinding signage within the Developer Property � notifying the public of the POPS and the hours of operation. The.Ownery'� 18 shall be permitted to partially or fully cbse the POPS for maintenance, repairs, upgrades, and private events, provided that such private events do not cause the dosure of the POPS for a period longer than forty-eight (48) hours. k) Pr'ohibition of Gambling or Gaming Use. Upon issuance of a master building permit for the Deauville Project, the Owners shall execute and cause to be recorded in the public remrds of Miami-Dade County a Dedaration of Restrictive Covenants in a form acceptable to the City Attorney prohibiting development of the Developer Property, or use of the Developer Properry, as a casino, gambling lounge, betting house, gaming house, or other similar gambling or gaming use. Such instrument shall provide for modifcation, amendment, or release only by unanimous vote of the Clty Commission following public hearing. I) Live Local Act and P�eemptiona Upon issuance of a master building permit for the Deauville Project, the Developer shall execute and record in the Public Records of Miami-Dade County a mvenant, in a form acceptable to the City Attorney, that voluntarily covenants and agrees that Developer shall not avail itself of the Live local Act, codified under Section 166.04151, Fla.Stat(2025), any amendmentthereto, or any other state statute that preempts local land development regulations concerning maximum permitted height, maximum permitted floor area ratio, or maximum permitted density. m) AllisonVarklmprovements. Within a hundred and twenry (120) days of iss�ance of a final non-appealable COA for the Deauville Project, the Developer shall pay to the City $500,000.00 for improvements to the Allison Park dog park. The application of the Developer's contribution shall be at the City's discretion. n) Park I�iew/s/andEntrancelmprovements Within a hundred and twenty (120) days of Issuance of a final non-appealable COA for the Deauville Project, the Developer shall pay to the City $500,000.00 for improvements to the entrance to Park View Island. The application of��.�:�:�,� the Developer's contribution shall be at the City's discretion. - °'�\ 6 Conditions Precedent to Issuance of Certificate of Occupancy or lem ora � Certificate of Occupancyforthe Deauville Proiect.The Developer acknowledges / that mmpliance with the public benefit requirements of Section 5(a)-(n)� is� �� material consideration for the City's execution of this Agreement Except as 79 otherwise provided in this Agreement, the Developer shall not apply for and the City shall not issue a�temporary certifi�ate of occupancy, final certificate of oaupancy and/or certificate of completion for the Deawille Project (in whole or in part) until the public benefit requirements of Settion S(a)-(n), indusive, are satisfied or waived, in the sole and exdusive discretion of the City Managec Furthermore, the Developer shall not apply for, and the City shall not issue any final certificate of occupancy and/or certificate of completion for the Deauville Project (in whole or in part) until the public benefit requirements of Sedion 5(a)-(n) are satisfied or walved, in the sole and exdusive discretion of the City Manager. GENERAL PROVISIONS 7 Aonlications for Development Approvals and Development Permits. This Agreement contemplates that the Developer will file applications for Deauville Project Zoning Approvals and Development Permits within eighteen (18) months after the Effective Date. The City shall expedite the processing of al� Development Permit and Projed Zoning Approvals applications. Notwithstanding the foregoing, the Developer shall be solely responsible for obtaining all final, non-appealable Project Zoning Approvals and Development Permits for the Deauville Project. No extension of any time period herein shall be deemed to be an extension of any time periods contained within Development Permits. The expiration of the Project Zoning Approvals for the Deauville Project and the Triangle Pocket Park shall be subject to Section 2.112 of the Resiliency Code. 8 Laws Governina this Agreement. For the entire Term of this Agreement,the City hereby agrees that the City's Resiliency Code (as may be amended by the Comprehensive Plan Amendment and the Land Development Regulations Amendments) governing the development of the Developer Property, as they exist as of the Execution Date of this Agreement, shall govern the development of the Developer Property (induding the Deawille Project and the Park Project) during the entire Term of this Agreement. Notwithstanding the foregoing, the City may apply su6sequently adopted laws or policies of general applicability to the Developer Property (including the Deauville Project) (particularly as they may relate to quality of life issues such as, but not limited to noise, litter, and hours of operation) as permitted or required by the Act, including, without limitation, Section 1633233(2), Florida Statutes, as same may%6e amended�fCom time to time; provided, however, that in no event shall the City apply 2ny subsequently adopted law or policies in a manner that requires any alterat{ons 20 or modifications to the Deauville Projed or the Triangle Pocket Park Project or any amendments or modifications to the Project Zoning Approvals. 9 Comoliance with Local Rec�ulations Regarding Development Perm_ts. This Agreement is not and shall noY be construed as a Development Permit, Development Order,approval or authorization to commence any development, fill, or other land modification.The Developer and the City agree that the failure of this Agreement to address a particular permit, approval, procedure, condition, fee, term or restriction in effect on the Effective Date shall not relieve the Developer of the necessity of complying with any such permit, approval, procedure, mndition,fee, term or restriction, subject however to the terms and provisions of this Agreement. 10 Reservation of Riahts. This Agreement shall not affect any rights that may have accrued to any party to this Agreement under any applicable law, rule or regulation and each party hereto reserves any and all of such rights. 11 Consistency with the City's Comprehensive Plan. The City has adopted and implemented the Comprehensive Plaa The City hereby finds and dedares that the provisions of this Agreement dealing with the Developer Property (induding the Deawille Project) are consistent with the City's Comprehensive Plan and Resiliency Code (as may he amended by the Comprehensive Plan Amendment and the Land Development Regulations Amendments), subject to all applicable requirements, permits and approvals. 12 Concurrencv. The Developer shall be solely responsible for obtaining all land use permits for the Deawille Project, induding, but not limited to, all permits and approvals required pursuant to Section 1633180, Florida Statutes, as same may be amended from time to time, with resped to concurrency requirements for roads, sanitary sewer, solid waste, drainage, potable water, parks and recreation, and schools (the "Concurrency Requiremenks"). Prior to applying for the master building permit for the Deauville Project, Developer shall apply to the appropriate governmental authori[ies and obtain letters or other evidence that the Developer has satisfied all applicable Concurrency Requirements with resped to the Deauville Project, and shall diligently and in good faith obtain such letters or other evidence that the Deauville Project meets all applicable Concurrency Requirements, and shall pay such impad fees or mobility fees as may then be due or applicable to meet Concurrency Requirements. � �� 21 � , .,:�i/ >% 73 Effective Date� Duration� Term and Periodic Review. a) Within fourteen (14) days following approval of this Agreement at two (2) public hearings and the execution of this Agreement by alI parties, the City shall record this Agreement in the Public Records of Miami-Dade County. This Agreement shall become effective only after it has been recorded in the Public Records of Miami-Dade County, Florida The Developeragreesthat it shall be responsibleforall remrding fees related to the re�ording of this Agreement. b) The initial Term of this Agreement shall be a total of ten (10) years from the Effective Date. The Term of this Agreement shall be automatically extended by five (5) years upon the Developer's compliance with the public benefit requirements of Paragraph 5(a)-Q) and shall be subject to the force majeure provisions of Paragraph 30. Any further eztension of the Term of this Agreement will only be with the mutual consent of the City and the Developer subjed to a public hearing pursuant to Sedion 1633225, Florida Statutes; and consent to any extension of this Agreement is within the sole discretion of each party to this Agreement. No notice of termination shall be required by either party upon the expiration of this Agreement, and after the ezpiration of this Agreement the parties shall have no further obligations under this Agreement,except for those obligations that expressly suroive the expiration of this Agreement. c. The Clty shall review this Agreement at least once every twenty (20) months, to determine if there has been demonstrated good faith compliance with the terms of the development agreement pursuant to Section 1633235, Florida Statutes. Any adion to modify or revoke this Agreement pursuant to this Paragraph must be undertaken following the public hearing process required by Section 163.3225, Florida Statutes, and based on substantial competent evidence that the Developer is not in compliance with its obligations and responsibilities under the Agreement. 14 Permitted Development. L � � a) Permitted Development and Uses. The Developer Property is designat�d as "Residential Multi-Family — High Intensity" (RM-3) according to the City's adopted Comprehensive Plan Future Land Use Map. The Property is zoned "RM-3 Residential MuITi-Family, High Intensity" by the City's 22 Resiliency Code.The RM-3 zoning district permits multi-family residential 6uildings, hotels, and related aaessory uses. The Property may be used for the purposes permitted and regulated in these land use designations and zoning distrids,as further limited bythe by the City's Resiliency Code and Comprehensive Plan, as amended by the Comprehensive Plan Amendment and the Land Development Regulations Amendments. b) Density Buildln�Heiohts Setbacks and Intensities The maximum density, heights, setbacks and intensities for any development on the Property shall be regulated by the City's Resiliency Code, Comprehensive Plan (as amended by the Comprehensive Plan Amendment and the Land Development Regulations Amendments) and any applicable Federel, State or County laws, rules and regulations, except as specified in Section 3. Subject to the restrictions set forth in the RM-3 land use designation, the maximum residential density is 1 SO dwelling units per acre. 15 Public Facilities to Service the Propertv.A description of the public facilities that will service the Property, induding who shall provide such facilities, the date any new facilities, if needed,will be constructed, and a schedule to assure public facilities are availabie concurrent with the impads of the development of the Property, is set forth in Exhibit "G" attached hereto and incorporated herein by this reference. 16 Public Reservations and/or Dedications. A description of the reservations and/or dedications of land for public purposes that are proposed under the terms of this Agreement is set forth in Exhibit "H" attached hereto and incorporated herein by this reference. 17 Reauired Development Permits. A listing and description of all bcal development permits approved or needed to be approved for the development of the Deauville Project and the Park Projed is set forth in Exhibit "I" attached hereto and incorporated herein by this reference. 18 Developer's Riaht to Terminate. The Developer shall have the option to terminate this Agreement in its sole and absolute discretion in tHe��-following events: a) IfeitherorbothoftheProjectZoningApplicationsisoraredenied'bythe City, or if either or both of the Projed Zoning ApproJals contain any terms, conditions or obligations not consistent with the terms and 23 conditions of this Agreement or otherwise unacceptable to Developer in its sole and absolute discretion; or b) In the event the Developer elects not to proceed with the Deauville Project after the Developer has met its then outstanding obligations under Paragraph 5 of this Agreement. 79. Default. Each of the following shall be an "Event of DefaulY' by the Developer hereunder: a) If the Developer shall fail to observe or perform any term, covenant or condition of this Agreement on the Developer's part to be observed or performed and the Developer shall fail to cure or remedy the same within (i) thirty (30) days of the Developer's receipt of written notice from the City with resped to monetary defaults, or (ii) sixty (60) days of the Developer's receipt of written notice from the City with resped to non- monetary defaults (each, a "Default Notice"). If such non-monetary default is susceptible to cure but cannot reasonably be cured within such sixty (60) day period, then the Developer shall have such additional time as is necessary to cure such failure and no Event of Default shall be deemed to exist hereunder so long as the Developer tommences such cure within such initial sixty (60) day period and di�igently and in good faith pursues such cure to completion, and such Event of Default is cured within one (1)yearfrom the date of the Default Notice. The City Manager may extend the period permitted to cure the Event of Default in thirty (30) day increments if Developer is diligently and in good faith pursuing such cure. b) If the Developer shall make an assignment for the benefit of credltors; or shall admit in writing its inability to pay its debts generelly as they become due; or shall consent in writing to the appointment of a receiver or trustee or liquidator of all or substantially all of its property; or if all or substantially all of the assets of the Developer are attached, seized, subjected to a writ or distress warrant, or are levied upon, and the same is not dismissed, discharged or satisfied within one hundred flfty (150) days after suth attachment, seizure, subjedion or levy occurs (for avoidance of doubt, in each case with respect to this dause b), other than to or for the benefit of lenders providing financing in connection with the Deauville Project). 24 �'+L�i� x � 1 WElN c) If the Developer shall mmmence a voluntary case under the Title 11 of the United States Code (the "Bankruptcy Code"); or an involuntary proceeding is commenced against the Developer under the Bankruptcy Code and the same is not dismissed or stayed within one hundred fifty (150) days after the commencement of the case; or a custodian (as defined in the Bankruptcy Code) is appointed for or takes charge of all or substantialiy all of the property of the Developer in any proceeding under the Bankruptcy Code and such custodian is not discharged or dismissed within one hundred fifty (150) days after such appointment; or the Developer wnsents in writing or joins in an application for the appointment of a wztodian in any proceeding under the Bankruptcy Code; or the Developer commences any other proceedings under any reorganization, arrangement, readjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect (an "Other Insolvency Proceedinq") relating to the Developer; or there is commenced against the Developer any such Other Insolvency Proceeding and the same is not dismissed or stayed within one hundred fifty (150) days; or a custodian, trustee or person of similar capacity is appointed for or takes charge of all or substantially all of the property of the Developer in any such Other Insolvency Proceeding and such custodian, trustee or person of similar capacity is not discharged or dismissed within one hundred fifty (150) days after such appointment;or the Developer consents in writing orjoins in an application for the appointment of a custodian, trustee or person of similar capacity in any such Other Insolvency Proceeding. In the event the City shall daim any Event of Default shall have occurred under this Agreement, the CiTy's Default Notice shall state with specificity the provisions of this Agreement under which the Event of Default is daimed, the nature and character of such Event of Default the date by which such Event of Default must be cured pursuant to this Agreement(if applicable),and, if elected by the City, that the failure of the Developer to cure such Event of Default by the date set forth in such Default Notice will result in the City having the right to terminate th�is Agreement. 19 Enforcement of Performance' Damages and Termination. If an Eventof Default occurs under this Agreement, and such Event of Defauk has nof been cured�. within any applicable notice and cure period, the City may elect (subject to th2��'i terms, conditions and limitations set forth in this Agreement) any one or more 1 of the following remedies: � ' 25 a) Enforw strict performance by the Developer; b) Terminate this Agreement, provided that the City shall have delivered a copy of the City's Default Notice to any lender providing financing with respect to the Deauville Project that has provided the City written notice of its name and address with a specific reference to this Sedion, and the City shall not terminate this Agreement if such lender is diligently prosecuting cure of any curable Event of Default, or with respect to Events of Defaultthat are not susceptible to cure by such lender(e.g., bankruptcy with respect to the Developer) or that are not susceptible to cure without possession of or title to the applicable property, or ownership of Developer (directly or indirectly), such lender is diligently prosecuting enforcement proceedings to obtain possession or title, and after obtaining possession and title diligently proceeds to prosecute cure of those Events of Default that are susceptible to cure; or c) Pursue any other remedy available to the City at law or in equity. The City's election of a remedy under this Agreement with respect to any one or more Events of Default shall not limit or otherwise affect the City's right to elect any of the remedies available to it under this Agreement with respect to any other Event of Default. In the event the Gity elects to terminate this Agreement after the occurrence of an Event of Default that was not cured within any applicable notice and cure period, and such termination is stayed by order of any court havingjurisdiction of any matter relating to this Agreement, or by any federal or state statute,then following the expiration of any such stay, the City shall have the right, at its eledion, to terminate this Agreement with five (5) Business Days'written notice to the Developer,the Developer as debtor in possession,or if a trustee has been appointed, to such trustee. Notwithstanding anything to the contrary contained in this Agreement, in no event whatsoever shall the Developer be liable to the City or any other person for any indired, special, incidental, consequential, punitive, economic damages (including, without limitation, diminution of property value) lost profits or similar damages, whether or not foreseeable or advised of the possibility of the same, in connection with, arising from or as a result of any Event of Default by the Developer under this Agreement. / 26 �;I'lij�4�. i�� h ^���nit4lP3 20 Termination Outside of Default. In the event either party chooses to exercise its right to terminate this Agreement under any of Paragraphs of thls Agreement (apart from the City's right to terminate under Paregraph 79 of this Agreement as a result of an Event of Default by Developer), each party shall bear its own fees, costs and expenses incurred in connedion with this Agreement, the Deauville Projed and the Triangle Pocket Park project, and neither party shall have or owe any further obligation or liability to the other party. 21 Strict Performance: Waivec No failure 6y the City or the Developer to insist upon strict performance of any covenant, agreement, term or condition of this Agreement or to exercise any right or remedy available to such party by reason of the other party's default hereunder shall constitute a waiver of any such default or of such other covenant, agreement, term or condition hereunder. 22 Notices. All notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand, sent by recognized ovemight courier (such as Federal Express) or mailed by certifed or registered mail, return receipt requested, in a postage prepaid envelope, and addressed as follows: If to the City at: City of Miami Beach, City Hall 1700 Convention Center Drive Miami Beach, Florida 33139 Attn: City Manager With a copy to: City of Miami Beach, City Hall 1700 Convention Center Drive Miami Beach, Florida 33139 Attn: City Attorney If to Developer at: TMG 67 Communities LLC 3310 Mary Street, #302 Coconut Grove, FL 33133 Attn. David Martin With a copy to: Bercow Radell Femandez & Larkin 200 S. Biscayne Boulevard Miami, Florida 33131 � Attn: Michael W. Larkin . � i \ 27 �}��� �,v�..:- ,-.,o���� With a copy to: Deauville Associates LLC 5101 Collins Avenue, Management Office Miami Beach, Florida 33140 Attn. Belinda Meruelo Notices personally delivered or sent by ovemight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given upon receipt or refusal to accept delivery. The terms of this Paragraph shall survive the expiration or earlier termination of this Agreement. 23 Governing Laws Construction and Litigation.This Agreement shail be govemed and construed in acmrdance with the laws of the State of Florida, both substantive and remedial, without regard to principles of conflict of laws. The Developer and the City agree that Miami-Dade County, Florida is the appropriate and exdusive state murt venue, and that the U.S. District Court, Southem Division of Florida is the appropriate and exdusive federal court venue, im m�nedion with any litigation between the parties with respect to this Agreement. All of the parties to this Agreement have participated fully in the negotiation and preparation hereof; and accordingly, this Agreement shall not be more strialy construed against any of the parties hereto. In construing this Agreement, captions,and section and paragraph headings shall be disregarded and the use of any gender shall indude every other and all genders. All of the exhibits referenced in this Agreement are incorporated in, and made a part of, this Agreement. In the event of any litigation between the parties under this Agreement for a breach thereof, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. BY ENTERING INTO THIS AGREEMENT,THE CITY AND THE DEVELOPER EXPRESSLY WAIVE ANY RIGHTS EITHER MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY CIVIL LITIGATION RELATED TO, OR ARISING OUT OF, THIS AGREEMENT. The Terms of this Paragraph shall survive the expiration or earlier termination ot this Agreement. 24 Severabilltv. In the event any term or provision of this Agreement be determined by appropriatejudicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal meaning or constr S4'ds:deleted - 4, as such authority determines, and the remainder of this Agr Cmenf�;Shal� be construed to be in full force and effect. t � �\ 28 25 Time of Essence. Time shall be of the essence for each and every provision hereof. 26 Entire Agreement. This Agreement, together with the documents referenced herein, mnstitutes the entire agreement and understanding among the parties with respect to the subject matter hereof, and there are no other agreements, representations or warranties other than as set forth herein. Neither party shall be bound by any agreement, mndition,warranty nor representation other than as expressly stated in this Agreement. This Agreement may not be changed, altered or modified except by an instrument in writing signed by both parties hereto, subject to the requirements for the amendment of development agreements in the Act. 27 Other Agreements. This Agreement has no effect on any other agreement, the City's development orders, or dedaration of restrictions othenvise encumbering the Property. Any and all agreements currently in the public remrds remain valid. The parties inmrporate by reference each and every requirement set forth in the Act. 28 Binding Effect. The obligations imposed pursuant to this Agreement upon the Developer and upon the ProperTy shall run with and bind the Property as covenants running with the Property,and this Agreement shall be binding upon and enforceable by and against the parties hereto and their respective successors, assigns and heirs. 29 Transfer and Assignment TMG 67 Communities LLC ("TMG") recognizes that, in view of the importance of reconstructing a portion of the historic Deauville Hotel to the general welfare of the City and the general community, TMG's qualifications and identity are of particular concern to the community and to the City. Accordingly, TMG acknowledges that it is because of such qualifications and identity that the City is entering into this Agreement with TMG, and, in doing so, the City is further willing to accept and rely on TMG's obligations for faithfully performing all its responsibilities under this Agreement. TMG represents and warrants that the persons/entities having an ownership interest in the Developer Property and Garage Property, together with their percentage and character of ownership have been disdosed to the City. The Developer shall not be entitled to assign or transfer this Agfeement or any of the rights and obligations hereunder prior to the satisfdttion or deemed satisfaction of the conditions set forth in Paragraph 5 of this A�r�ement withoy�t 29 the prior writtem m�sent of the City (which mnsent may be withheld, conditioned or delayed in the sole and absolute discretion of the City), ex�ept as hereinafter provided.The Developer shall have the right at anytime and from time to time to sell, transfer and mnvey all or any portion of the Property to any person or entity (a "Subsequent Owner") and assign and transfer this Agreement and the rights and obligations hereunder in whole or in part to any Subsequent Owner in connection with such sale, transfer or mnveyance of the Property or any portion thereof without the prior consent or approval of the City, provided that a "Terra Entity" (as hereinafter defined) shall at all times (a) hold, directly or indirectly, not less than a 10°h ownership interest in the Developer Property, (b) serve, diredly or indiredly, as a manager of the entity that is developing the Project, and (c) exercise, directly or indirectly, day-to-day operational control of the entity as the manager of the entity that is developing the Project; provided, further, that this Agreement and the rights and obligations hereunder can be assigned and transferred at any time and from time to time to any lender, lender designee or non-lender affiliated purchaser (any of the foregoing being referred to herein as a "Foreclosure Purchaser") who acquires the Property or any portion thereof through a foreclosure sale or deed-in-lieu of foredosure without the prior mnsent or approval of the City, provided, in the event of an acquisition of only a portion of the Property by a Foredosure Purchaser, a Terra Entity shall remain a partial owner of any portion of the Property not acquired by the Foredosure Purchaser. Direct and indirect owners of Developer shall also be entitled at any time and from time to time to pledge their direct and indirect ownership interests in Developer to one or more lenders, and any such lender, its designee and a non-lender affiliated purchaser (any of the foregoing being referred to herein as a "Mezzanine Foreclosure Purchaser") shall be permitted to acquire all or any portion of the direct and/or indirect ownership interests in the Developer through foredosure of any such pledge or aaeptance of an assignment-in-lieu of foredosure, and/or to exercise coMrol over Developer (directly or indirectly), without the prior mnsent or approval of the City. provided, in the event of an acquisition of only a portion of the direct and/or indirect ownership interests in the Developer by a Mezzanine Foredosure Purchaser, a Terra Entity shall remain a partial owner of the direct and/or indired ownership interests in the Developer not acquired by the Mezzanine Foredosure Purchasec - .,.`�;, This Paragraph and the restrictions, limitations and prohi6itions contained � �� herein shall automatically terminate, extinguish and be of no further force or . .,�y� effect immediately upon the earlier of the following events to occur (y) the �-� issuance of a temporary certificate of occupancy, a final certificate of occupancy 30 or a certificate of completion for the Deauville Project, (z) the acquisition of the Property or any portion thereof by any Foreclosure Purchaser through a foredosure sale or deed-in-lieu of foredosure, or (aa) the acquisition of all of the direct and/or indirect ownership interests in Developer by any Mezzanine Foredosure Purchaser through foredosure of any such pledge or acceptance of an assignment-in-lieu of forec�osure; whereupon, the Developer, any Subsequent Owner and/or any Foredosure Purchaser and/or any Mezzanine Foredosure Purchaser shall have the absolute and unconditional right to sell, transfer and mnvey all or any portion of the Property to any person or entity and to assign and transfer this Agreement and the rights and obligations hereunder in whole or in part to any person or entity in connection with such sale, transfer or conveyance of the Property or any portion thereof without the prior consent or approval of the City whether or not a Terra Entity (aa) holds, directly or indirectly, any ownership interest in the Developer Property, (bb) serves, directly or indirectly, as a manager of the entity that is developing the Deauville Project, or (c) exercises, directly or indirectly, day-to-day operational control of the entity as the manager of the entity that is developing the Deawille Project. Any assignee or transferee (including, any Subsequent Owner or Foredosure Purchaser) shall assume all remaining obligations of the Developer under this Agreement at the time of such assignment or transfer of this Agreement. For purposes of this Paragraph, the term "Terra Entity" shall mean: (ww) Pedro Martin; (xx) David Martin; (yy) any trust estab�ished for the benefit of Pedro Martin or David Martin or any spouse, child, grandchild or sibling of Pedro Martin or David Martin (or of any combination of the foregoing); and/or (zz) any entity owned, directly or indirectly, one hundred percent (100%) by Pedro Martin or David Martin or any trust established for the benefit of Pedro Martin or David Martin or any spouse, child, grandchild or sibling of Pedro Martin or David Martin (or of any combination of the foregoing). 30 Force Majeure and Third-Party Challenges. All time periods set forth in this Agreement and in any approval or permit issued in connection with the Deauville Project will be tolled due to force majeure events (induding, without limitation, strikes, lockouts, acts of God, pandemics, hurricanes and severe weather, and other causes beyond the control of either party), and due to delays in obtaining permits and approvals from governmental agencies, during the pendency of any "Lawsuit" (as hereinafter detined) and any unexpired appeal period thereof. For the avoidance of doubt, (a) any tolling of time periods pursuant to Section 252.363, Florida Statutes, shall apply only to thie expiration date of this Agreement, but not to any other time periods set fort� 31 herein, except for any period during which the Developer is unable to mmplete any work or take any action due to the force majeure or other event triggering the dedaration of a state of emergency and (b) with respect to any other force majeure event, time periods in this Agreement shall similarly be tolled only during such period as the Developer is unable to complete any work or take any adion due to such other force majeure event. In the event that a third party unrelated to or unaffiliated with the City or the Developer institutes any action, suit or proceeding against the City relating to the Project, induding, without limitation, any action, suit or proceeding challenging the validity or issuance of this Agreement, the Comprehensive Plan Amendment and/or the Land Development Regulations Amendments, the Project Zoning Approvals, or any Building Permit (in each instance, induding any related appeals, a "LawsuiY' , then the Developer shall defend the City in any such Lawsuit at its sole cost and expense using legal counsel reasonably acceptable to the City. The Developer shall further indemnify and hold the City harmless from and against all actual damages, losses, liabilities, fees, mst and expense (induding attorneys' fees, costs and expenses) of any and every kind arising out of or relating to any such Lawsuit.This Paragraph shall survive the expiration or any earlier termination of this Agreement. 31 Indemnification of City bv the Develo�er.. a) To the fullest extent permitted by law, and without limiting any other indemnity obligations of the Developer set forth elsewhere in this Agreement, the Developer hereby agrees to defend, indemnify and hold harmless the City and its former, current and future elected officials, directors, attorneys, appointed officials, administrators, consuitants, agents, and employees (collectively, "City Indemnified Parties") from and against all daims, damagee, losses, and expenses, direct or indirect, (induding but not limited to fees and charges of attorneys and other professionals and court and mediation costs) arising out of or resulting from (i) the City's adoption of any resolution or ordinance or the taking of any other action relati ng to this Ag reement or the Projett, (ii)the City's granting of permission for any activity performed under the terms of this Agreement and (iii) the construction and/or maintenance of the Projed or Triangle Pocket Park Site (indudinq all easements) and caused, in whole or in pa rt, by any willful, reckless, or negl igent act and/or 6�ion of Developer or any person, employee, agent, or third party�Lcting�,on Developer's behalf (induding any contractor, subGontractorj or��dny person or organization directly or indirectly employed�by any ofthem or 32 anyone for whose acts any of them may be liable) (collectively "Losses"). The foregoing indemnity provision indudes, subject to the sovereign immunity monetary limitation described below, if applicable, Developer's agreement to fully indemnify the City Indemnified Parties from any losses alleged to have been caused, in whole or in part, by the negligent acts or omissions of the City or any person, employee, agent, or third party acting on City's behalf (induding any contrador, subcontractor, or any person or organization directly or indirectly employed by any of them or anyone for whose acts any of them may be liable) (mllectively "City Agents"), other than any willful, reckless, or qrossly negligent act or omission of City or any other City Agent ("Exduded AcY'). In the event that any City Agent is determined to be solely responsible for causing damage, loss or Injury to a third party for any Exduded Act, Developer shall not be obligated to defend, indemnify or hold any Gity Indemnified Parties harmless. If both Developer and any City Agent are determined to bejointly liable for Losses for such a willful, reckless or grossly negligent act or omission, Developer shall pay its share of the Losses, and, in addition,shall indemnify the City Indemnified Parties to the maximum amount to which the City Indemnified Parties are liable after application of the "sovereign immuniry" limitation on damages provided by Sedion 76828, Florida Statutes. b) In any and all daims against the City or any of its consultants, agents, or employees by any employee of Developer or any employee of any person, employee, agent, or third party acting on Developer's behalf (induding contractors, subcontractors, or any person or organization directly or indirectly employed by any of them or anyone for whose acts any of them may be liable), the indemnification obligation of this section shall not be limited in any way by any limitation on the amount or type of damages, compensation, or benefits payable by or for Developer or by or for any person, employee, agent, or third party acting on Developer's behalf (induding contractors, subcontractors, or other persons or organizations directly or indiredly employed by any of them or anyone for whose acts any of them may be liable) under workers' or workmads mmpensation acts, disability benefit acts, other employee benefit acts or any other service of law. `� � This indemnification provision shall survive the termination bf any City perrrlit and thls Agreement, however terminated. ' . � �� �% 33 32 Corporate Obligations. It is ezpressly understood that this Agreement and the obligations issued hereunder are solely wrporate o6ligations, and that no personal liability will attach to, or is or shall be incurred by, the incorporators, stockholders, officers, directors, managers, members, partners, trustees, beneficiaries, elected or appointed officials (induding, without limitation, the Mayor and City Commissioner of the Ciry) or employees , as such, of the Developer, the City, or any successor or assign of any of them, under or by reason of the obligations, covenants or agreements mntained 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 of all such rights and daims against, every such incorporators, stockholders, officers, directors, managers, members, partners, trustees, beneficiaries, elected or appointed officials (induding, without limitation, the Mayor and City Commissioner of the City) or employees, as such, or under or 6y reason of the obligations, mvenants or agreements contained in this Agreement or implied therefrom are expressly waived and released as a condition of, and as consideration for, the execution of this Agreement. 33 No Conflict of Interest. The Developer represents and warrants that no member, official or employee of the City has any direct or indirect financial interest in this Agreement nor has participated in any decision relating to this Agreement that is prohibited by law. The Developer represents and warrants that no officer, agent, employee, or representative of the City has received any payment or other consideration for the making of this Agreement, directly or indirectly,from the Developer. 34 No Third-Party Beneficiaries. This Agreement is not intended to, and shall not be construed to give, any third party (induding, without limitation, any homeowners association, condominium association, or neighborhood association in the surrounding area, or any individual members thereo� any rights or interests whatsoever, nor is it intended that any third party shall be a third-party beneficiary of any provisions hereof. 35 Limitations of Liability and Waiver of Consequential Damages. a) Any tort liability to which the City is exposed under this Agreement shall be limited to the extent permitted by applicable law and�subject�to���he provisions and monetary limitations of Sedion 768.28„Florida Statut�, as may be amended, which statutory limitations shall be applied as if th� 34 / parties had not entered into this Agreement, and City expressly does not waive any of its rights and immunities thereunder. b) The City will not in any event whatsoever be Iiable for any injury or damage to the Developer (unless caused by the gross negligence or willful mismnduct of the City, its agents, contractors or employees), nor for any injury or damage to the Property (unless caused by the gross negligence or willful misconduct of the City, its agents, contractors or employees). c) The City will not be liable to the Developer for any injury or damage to the Property caused by or resulting from gasoline, oil, steam, gas, eledricity, or hurricane, tornado, f�ood, wind or similar storms or distur6ances, or water, rain or snow which may leak or flow from any part of any property owned or maintained by the City, or leakage of gasoline or oil from pipes, appliances, sewer or plumbing works therein (unless caused by the gross negligence or willful misconduct of the City, its agents, contractors or employees). d) Except as may be otherwise expressly provided herein, no approval to be made by the City in its proprietary capacity under this Agreement or any inspection of the Projed or Park Project by the City under this Agreement, shall render the City liable for its failure to dismver any defects or nonconformance with any govemmental requirement. e) No mem6er, official, elected representative or employee of the City shall be personally liable to the Developer or any successor, assign or heir thereof in the event of any default or breach of this Agreement by the City or for any amount which may become due to the Developer or successor, assign or heir thereof under this Agreement. 36 Police Power. a) The parties recognize and agree that certain provisions of this Agreement require the City and its boards, departments or agencies, acting in their govemmental capacity, to consider governmental actions. All such considerations and actions shall be undertaken;in acrordance with established requirements of state statutes and. municipal. ordinances in the exercise of the City's jurisdiction under the� police� power. Nothing contained in this Agreement shall entitle the DevelopeY to mmpel the Gity to take any such actions, save and except for the 35 exeation of consents (if applicable) to the filing of applications for the Project Zoning Approvals and Development Permits as more fully set forth herein and to timely process such applications. b) The parties further remgnize and agree that these proceedings shall be conducted openly, fully, freely and fairly in full accordance with law and with both procedural and substantive due process to be accorded the applicant and any member of the public. Nothing in this Agreement shall be construed to prohibit the CiTy from duly ading under its police power to approve, approve with conditions, or reject any public hearing application dealing with the Property. � � � I � �i���. I��. � � 36 EXECUTED as of the date first above written in several counterparts, each of which shall be deemed an original, but all constituting only one agreement. Signed, sealed and delivered ❑TY OF MIAMI BEACH, in the presence of: a Florida municipal corporation � � ' By: ,� l„r �� : .i, ,<�- - PrintName: 1 � . ����i� Address:/7on �a., , „i. �„ � �,�. Name �, r. � � �� �:1,�� �-,� � ' `�3 j PrintName: �"1c,. I�!� ! � ?l�5 K 1c,�.ii Attest: Address: �--t�c i,��•,�.r; c•, c�. CityClerk I>/1Ac.yy�� �1CQCYl �L 3313�1 APPROVED AS TO ,��P�"�\��e���Gy.,, FORM&LANGUAGE .+.�,�{.P-� . &POR EXECUTION /� ��1 ! ie[ovr�cviEo� h- STATE OF FLORIDA � ��R � ' � � �I�7/zoZs ) �„c,�z�,,= )SS �� ��-�� CityAttomey oate COUNTY OF MIAMI-DADE ) The foregoing instrument was acknowledged before me this �-Lday of -S.,,y 20� by �r� C��r �� �iier as City Manager of the City of Miami Beach, a municipal corporation, on behalf of the Corporetion. He is rsonally � now to me or has produced as identification and who did (did not) take an oath. �d� — A PUBLIC j��i�•y� STEPNANIFNICOLERiY6A00xS '{/�'�]�,^ No�aryiuDllc-St�leorFbrll� �Q,�9� comm���.�e nn���c.o c,i^.uhc n i� ¢ey R - - �� � i .� `�.C��'�� MyCunT.EqlflSJlnt,]O}) . `�e.�a.�m�.�snwne�,i.o�„�„��. Typed or Printed Name of Notary � My Commission expires: Serial No., if any: H I�' � 'Ic`�O . / 4 G oV40 �4� � � � ) � 'u� � 37 TMG 67 Communities, LLC, a Delaware � li � ed f bi ty company S/ By: Print Name. �.��7iS{+C(C�- )a�i. Address:3��oa4AtM.4ST.�N�9Q. Name: .V��� �YUI�� f�covufr oulouE� i—"t- , 331'33 / 5/_ Print Name: Wi Address: 0 59'•�-`U`��E �DZ �.KXIDVWC 0(tOUP� 93133 STATE OF FLORIDA ) ) SS: COUNTYOFMIAMI-DADE ) T forEqoing instrument was acknowledged before me this��day of y�, 202�by ��n , as a �-4a,A�E+l. of TMG 67 Communities, LLC, a Delawaie limited liability company, on behalf of the mmpany. He is personallv known to me or has produced as identification and who did/did not take an oath. ��uu�uu��iii�,,,, . PD, ARq� �— �— ��Q �ssioti T'�., -- 9 P.'�n O.sozFlo'�.9 : � '"'' ; c�.��o,.� a yN ; NOTARYPUBLIC �U.I�D ,�f-1Vv�f�' _ �E �A� � = Typed or printed Name of Nota _ `��,� °�a��6 ,�/ ; MyCommissianexpires «� ��28 �''-,,s9"'y.x.HNb.°oPo,' SerialNo., ifany }1H60323� EOFF� 2rrnluniuVP� 4E°��:����, .�.� 2� G �;���») , 3�8 Deauville Associates, ILC, a Florida Limiied Liability Company S/_�(f�� By: �v A�hk' �' PrintName:� rsH¢Gh �k�r� Address:�lo EW41yst• 5�1�302 Name: �����A n.1,��Gt(,€'LD (ACOVW'C Otl�OVE� t^� 33139 / S/ Print Name: e�w %'c i,. Address: '�10 }I�yW�ST• �UlCE3o2.. Lomwuc 6NouE�rl.�33 STATE OF FLORIDA ) ) SS: COUNTV OF MIAMI-DADE ) W �� ���� T e fore oing instrument was acknowledged before me thi� day of�\V��I. 202a by � � , as a of Deauville Associates, LLC, a Florida limited liability company, on behalf of the company. �� is personally known to me or has produced ,a5„4�jentification and who did/did not take an oath. o•PpD. ARRi°' _ ��P��n^^�sizozF`AT9��% NOTARYPUBLIC -��{/�ME"�- L �I.V���\ B 9' � = ;� NOTA� ��� �@ Typed or printed Name of Nota _ � . a aueuc ^: -` MyCommissionexpires «�«�28 " � '`�°,y bo'?"Q; Serial No., if any �,tj�3Z�7' 'o s��.M x H� . �O\�. ., tq7ElolfF`QP`p� ^"=eyq x . y I\�ic 3�9 TABLE OF EXHIBITS EXHIBIT "A"- LEGAL DESCRIPTION OF DEVELOPER PROPERTV EXHIBIT "B" - LEGAL DESCRIPTION OF GARAGE PROPERTY EXHIBIT "C' - DETAILED MATRIX OF fL00R AREAS EXHIBIT "D"- LEGAL DESCRIPTION OF TRIANGLE POCKET PARK Exhibit "E" -TEMPORARV PUBLIC PARK CONCEPT SITE PLAN Exhibit "F"- PRIVATELY OWNED PUBLIC SPACES SITE PLAN EXHIBIT "G"- DESCRIPTION OF PUBLIC FACILITIES EXHIBIT "H"- DESCRIPTION OF PUBLIC RESERVATIONS EXHIBIT "I"- DKCRIPTION OF REQUIRED DEVELOPMENT PERMITS FOR PROJECT '��\ � '�..I � �� 1 CpO.�� EXHIBIT "A" - LEGAL DESCRIPTION OF DEVELOPER PROPERTV LEGAL DESCRIPTION: Lo� 46. Bluck 1, af AMENOE� PUT OF SEWN� OCFAN FRONi SUBDIVISION, a mrding to tAe Pb! l�e�eot, vs remrde� in Piot Boak 28, cl PCAP 1A. of I�e Public Racortls of Mlaml—�ade Gounty, �lorlda. AND A porcel o( lantl lying Costetly a! soitl Lot 44 ond being boundeE on the No�tM1 by lFe NortF line o� saiE Lot 44 exteneetl Easlerly; oounde0 on Me SouN by IM1e SouN line ol soid Lol 44 e��en0e4 Costerly; anU boundetl on lne Eas[ �y t�o Eoslon Conhol Gna of IM1e AtlonOo Oceon, a mraing lo fFa O�a� tnerent, os reooNetl In Pbt Book 105, ol Poge 62 0( Me Pubfc Reca.ds of Miami-0ode Counly. Fbrido. >\ � b A 1, � ��� . 2COU WESP, EXHIBIT "B" — LEGAL DESCRIPTION OF GARAGE PROPERTY Lots 33. 34, 35 and 36, Block 7, AMENOEO PLAT OF SECOND OCEAN FRONT Sl18DIVI510N, accortling to tlfe plal th2reoi, 2S recorded in Plet Book 28. at P2ge 28, bl lhe PUEfic Records of Mlami- DaAe County,Flwide �,m I �� eJ�' \� ���� �� 5, ��a,, ';,� EXHIBIT "C" - DETAILED MATRIX OF FLOOR AREAS 4 �y l / �I �i�. ��w��� ��c�iov+FSPJ i � — � m�o � ' ? 1..1 � v � � m g � 3 r' m � � _ F , � D O o ' � � I N D � N O � I R i N D 4 N y � � y � � o j � I m I � � z � � c� i m '� � ��� � ! � � >, � 2 {+� � �°� � � A ,. A 54 �i \�nu we(PO o � ! D � n � ��= I c � � � v � y 1 � II Z — 2 u� z � v c . .— � � I` ' _ . jlZ ^ � a � F.Y A I O I - z � T-- D - ._.- m `" a� . ._— —._ . ... m � o � c � "� < : � m n x� � � .�7 I � I m m � y g p i n I f m �' � z � , � I y I g I 4 0 � m < � ° N I n 298'- 11" . .___ _____-- --._- __ . � 25 FLOORS-TOTAL HEIGHT o \ z � \ - ______� �, �z m � �� ,��:�� � ` � �/ � � � �'r:� .. ::.,n'S�5 a � d-wic T�� _ � � U A � � i� i � P I� m I I I I � � a � ��c �� �� � � �� > �s� �" o a� �s � cm n �, u m n � oY,v,v -'wwv ;�� � > ; �:. v'GwGv � �9i1 Foai �a �� ���mA �� �����m� � � gm.:�,�� �°�'"aa `"yo`" o�� oa000 � �� �3�S�a�'y£' �zi4�"� �� � m = _ €F�z € z€ '€ € € € FF € �IO � r O m Wm m z m ,� $� y D NO I �p O C � n � r m ZA o � ,� � O v � .1 2 � � n 'I � z o a � �- D C � ' � m c B'a _m ��I p = � D m�@�@f����:s� s-saaea'evtiss� :� 9 C n : x� � m r��r�aarr:�a�� �„ r���wa II � � � �' � �D! y .;rl r z , �I ' � m %� �I � �n'�, li 9 O oe � I I c ti n� il � , , � � � g � � a �� n a� �� I � li NI , � m�,, � ¢, ���� � o _ �I� el� m_ Ao � _ � � i I � 5 � �� �o m T > m D - r� � r o N . � O � m � O Z w § v r O m � oo � � � o i � cZ'� � o A n '�' � i A N � m � � ➢� �� asejn D x _ _ _ __ _ _ _ " "_ _ _ _ _ _ " " " -� p5 _ b" ��".. � �.nenmv .a .e ,o r,n;ener ' A � � = � � e � 3e�m - a_ `n�'sey�»�'ae�e'ev��emmmmm�§��, ' ���'� � r�a�x� ���rr�www�� i � �I . ' T��S T ' � .,I � lee�egp a y '. y . "F � S I � - jl �i . �I p � � �" �, p '. go�m �� mm ? -i -I �� � r � -i y il � m D CQ�` i � ,i i �= � � � I ' �n � I � I� m A . O � �', -�l � I �+ � y � Ox m � I o . . A �I . _ _ .1I n, ��Z i � I� Dc I �.. I � n 'r N � � I �'Y o !� � I � ' �- A ,' A �� G7 C"F6� '� � I. _ MNKKKxY. '� Ge. CGS p . n ' n � � .; �@e al� �eP"e@�Bi'3s w - Ie- s ��E � � �oee �� �n . .. 0 Cn �r� r �r ,�u %� ^ „ � „ rrnn� �.r ����arwar��u ��r:��- �, J EXHIBIT "D" - LEGAL DESCRIPTION OF TRIANGLE POCKET PARK �F„pHnu`oi`i�9, J°'o/� �5/��4�0 �S/ sl,{`� 1)T 61\ �L 1 '% C. . + ,yt EXHIBIT LEGAL DESCRIPTION, NOTES AND CERTIFICATION LEGAL DESCRIPTION: A portion of nght of way, odjacent to Lot 1, Block 5, AMENDE� P_4T OF SECDN� OCEAN FR�NT SUB�IVISION, mrding to the plat thereof, o reoorded in Plat Book 28 at Page 28 at the PuCllc Recorde af Mlaml—Dode Coanly, Floritla, being more Oarticularly descnbetl os follows: Begin ot the Most Eostedy SoWheost [amer of soid Lol 1, Block 5', thence $OG'S3'4YW olong the Southerly eKtenslon a( the East Ilne of sald Lot 1, for 129.61 feet�, lM1ence NB9'D6'18'W for 325 faep Menre 50�'S3'47W Por 11.00 teef: Nence 589'O6'18"E (or 325 faef thenca 500'S3'42"W for 1123 feet to a polnt of curvoNre concave to the Northwesq thence Southwestedy clong o 1421 foot radlus curve leatling lo lhe right thmugh a central angle of 503�'26" Por a orc length of 1256 teet to a non—tongent pa'mt o culor c e mncaved to the Northwest antl whose rodius point Cears N26'41'1]"W; thence Westerly along a 18AS�foot rodms curve leoding to the right thmugh o entml onqle of 61'19'05" tor an arc dietance o� 19.32 feet to a non—longent Ilne�, thance 544'20'1]"W tor 0.55 teet to a curvature concove to the Northeast ond whose mdlus point bears N29'14'43"E�, thence Nort�westetly olong o 13A2 foot mdius c e leatlinq fo the right through a centrol ongle of 3223'4]" for an arc tlistance of ].59 feet to o point to a non rtangent point on a circubr curve wncoved lo the Soclhwest antl whase radius point bears 564'S3'41"W; thence Northwestedy olong o 9]2J4 foot mdius curve leoding to the le(t ihrough a enlrol angle 6'10'39" for o arc dislance of 10].14 Feet to a point of reverse c rvature�, thence Northeastetly along a 14.00 iwl rodlus curve leatling to the right Mrougn a entral angle oi 66'26'08'" for a am disiance of 1623 (eet to a rtangent line; thenre N35'Ot'10"E for ].48 feel to a n—tangent point on a curvaWre c to a North antl whose rodius poinf bears N35'01'10"E; thence along the Southetly line oi said Lol 1, also beingca 50.00 radius curve leoding to the le(t lhrough a centml anqle of 124'O]'28' for an arc dlstance of 1�8.32 feet lo the Poinf of Beginning. SURVEYOR'S NOTES: — This sile lies in Section 11, Townshlp 53 South, Range 42 East, City of Miomi Beoch Miami—Dade County, Florldo. — Beorings hereon are referred to a med value of 500'S3'47W for ihe Eost Ilne Block 5. — All tlocuments a corded 'm the�Publlc Records of Mlomi—Dade County, Florida unless ofherwlse noled. — Lonas shown hereon contoininq 7,022 square /eet, or 0.161 a r less. — Lands shown hereon were not abstrocted tor e sements ond/orerights rot�woy of records. — Thls Is eot o "Boundary Survey" �ut only a gmohlc depiction of the descriptlon shown hereon. — Thls map is in�ended to be dlsplayed at the qraphic scole shown hereon or smoller. — Dlmenslons shown hereon are based on For�iq Leary, Sklles, sketch �201J-009. SURVEYOR'S CERTIFICATION: I haraby wrfl(y that this "Sketch anE legal EescnpLon" made undar my rasponsibla chnrge on May 8, 2025. ontl meets the appllcable codes as set forth in the Florido Administmtive Code, pursuant to SecCior 4]209], Flonda Statutes. "Not volid wiGaut the signoture ond oriqinol raisad secl or n aigital signoture ot the Florida Licensetl Surveyor antl Mopper shown below" FORTIN, LEAW, SKILES, INC., LB3653 Av: Daniel C- Fortin Jq For The Frm Professlonal Surveyor and Mapoeq L56435 S�ate of Florida. D�e1n' gy onN�R LEGAL, NOTES & CERTIFICATION � o te , s/a/zs` __ __ _ —___ — Ced No- 250249 -- —� �S ale N A� � i xer o e. FORTIN, LEAVI' S KILES, INC. �;�n Na. 201 3-009 CONSLR.TING ENOINEERS, SUAVEYORS Nc MAPPERS 25024 m.oxmnoea'amc.vraoanvrxozuzwnon-iw�.maz00003es3 ID g Nn .�dpr_026 ]SONOREcen ]68N 9trcc[/NorthM Bcmh.Flondn.33162 ��� � � Plo[[ed 5/0�2'_ '0210 J pLom.305-653M93/P�305-651-9152/Emeilflc(a3flswv�y_J `heeL � OI � EXHIBIT i w SKETCH TO ACCOMPANY LEGAL DESCRIPTION � w � I > � �� i a = � i � � � GA LWE OF BLOCM 5 I z 2 I �\ �I Qm � I LME iP�LE� � \ � � LL m �... ._. - .�� «.x Eta���-- � BLOCK 5 I� a a I u �: e S — --z i+a9���av � o I cw�em�ev PLAT900K28, FAGE28 I � � � \ LOT 1 I� � LOT 31 :��'���;� � � � I v e� �nror�o�c—� \pOINT OF BEGINNING CURVE in9LC � � MOSf FASi LY I 50.0' - cua�c �euc.x z vs - soumusr mwHcrt or I � ���2�. 5 � LOi 1. BLOCN 5 I � ws- �eos, �,E �\sourn �wc or �o. i � �D a _: :� �_��:� s '� LOT 32 Y . - i..av s m. _ U� C6 1�32' �' � W.O�' 02�� � � � � �� IJOJ� N35�11 LOT 30 \ �� Q� s .. .. �- - �m -- \� �,y.y�\'72 . . � . I LOT 33 < �� 'a� �o SITE � i � — — �� ��c�'�O�R`� y sao� i �� °*��� \� :�2 � — — _ sy�y O M Na I LOT 34 N LOT 29 �� G��\'9 �. . J I � � �L \ �� o � � A . . . .. _— — _ �.. � c2 - -- � � LOT 28 � � \ g 67th STREET GRAPH[C SCALE � \� fvueuc ai�ur-oF-wnvi ,o so ,zo �� _ � � — �— � w aeer � BLOCK 3 � Ivcn = so (l PLAI'BOOK 26, PAGE28 � � — / � i � � � � D1B1n' By onN�R SKETCHOFDESCRIPTION � DeC� sjK/2s � Cetl. No. 25G249 T —.... Scale �" = 60' Ret. Dwg.� � F�RTIN. 3-iE'.�VY> S �LE.S� rNC. ,/ob. No. 250249 ___ 20'3-009 CONSULTING ENOINEBRS,SURVEYORS&MAPPERS m.orzmncexr�r.wreoFnimiowcnnoxNn�.msx:00003cs3 Owg. No. �025-026 ]80Na�t6eaatl68eL. 5 et/No�thMiamfBeaeT.Flneidu. 33362 tre Plotted: 5/B/25 �02m �Fwe_305-ss3m5a/r�aos�s-visxis�uneCo3a.a.wey.wm SLeet � ot 3 EXHIBIT LOCATION SKETCH � ' ' " - r ;- „ ° " -'_-� '° I � w �-,� � � ,5 � -- -_ _��'_ � -, '�-;� --� — _ ,� 0 39 'y I;�4 � �-? I � 5� I ( Q � o _z i o s ne is i s u � rz --- � _h _ W I -. 50 I SI O PO I. q � N ' W _ 'Ji N _t ]_ � . __. . � 9 _ as__�� � _` p _i'.�r_g_- w ______ ]3 � 6 28 7 8 I --35,;� � �pF -��:- z -"-�fl-- `�' _� a���-- I za ii ie 3 - __y._ _ O - J �6 _ ___�_ � ]3 � Zgll ] Q � ' B � � d ___��_ 9L �iirz x -�o_'___ ___-s__ s �'.y, �,` .___ ____�____ __"_ '_ s� i n i ._______ ____�i___ Z �p _____'__ �s � a, -------- e r',K --��s -»----=- w � a 67ih STREET aq 0 PROJECT --�=s"� -- - ��- � �_ � �. �� - — � --- SITE '_ _�_ �` ,�_ ` � a ]6 1 39 �. -3 F 2� ¢ }] 1 2P � ',� 1 I 3� OQ -_]e �� D Qo _ -_ � `1 1 ] Q ]Y �I I6 fW� y � 71 � .__w � 1� 9O F _L Q 1 ----- a -- �' ~ -39-� � =a � m _ <, _ „ 19 }9 __ a r-n n �as r-xe � _,�_ =os=�� =�9=� k_=°35= � Site Lying in Section 11 , Township 53 South, Range 42 East, /<; City of Miami Beach, Miami-Dade County, Florida r � . _ _- - -� °aa"" H� onN�R LOCATION SKETCH� nare s/e/�; Ced. Na p50249 — Scale NOl i0 SCAL aer nwg. I'" ORTIN, L.EAVY, S KILES INC. ,rob. xo. zso2ae — 2013-009 CONSULTINCS ENCGINEERS, SUIiVEYORS &MAPP6R5 - - m,oxmwcesruicn'reornvrxowznnorv*rtmlaex�000036sa �wg. No. 1C25-02E �u,�ne. �cew.sa�o�i xe..n x.�;.m:ee.ca,r�o.:a..3a�ca Plotten: §/5/zs t¢z�,o es.,.�<.3os-esa-aaesiF�aoo-ss�-nsziee.wne�aswrv=r.�om Sneet 3 of 3 EXHIBIT "E"-TEMPORARY PUBLIC PARK SITE PLAN Leq9 l.. ""���y _ , ..� � �� ' v�� �;� o= � � �, s�� �.i � �C�' "9� f �i ! zii=� � !1�� � 's 9 a a flil�� je� �� O ---- .--«�_�-__ ------ --- ------_ - ---3I3 �� --------- ------ � ._— ---- --- _ I I I _ _ _ —--- — I ----- — =--°-1 — — �� --I -- - -- - - __ g�- ---------------- a-- r ' " c:y Cy C( i7 C'> t� i:? � I I �� � t� I � T,� — 'I � e ' ' :i �,� 4�� '� � f i i: . I `° i i � I �: i � i , I ----- ��; t� " " � ;1 I I � :I � I i � � i I T"" � � ',1 ' �+ I, � � I � � �� �� , `��� � t? t� t=} _ t�-. � ' ,� � ' �l�s� -- !�G 4 � o -'�w —���J"' -���1m--1 '.��-_�: .�. Sc _ _ s—,' —— — —� � � ,� a -• f - - -- - -- - - - __�.s„�—�� ' � -rt , � k s� ; � €�£ �fi; � �l ' — � e # $S 0 �� c:i yg � i 3 :s �i � �,^ — C — � '� a� s so3� ��g� � 3= � I �„ . � �f� t �� �� � e� i �il�� , 'ssi I '� € $ ol 9 ( ��� �� s�e �z c7 �— __ ,� � s�� r a . I__- -4� __.._ __...__.___ . _ . > I _ I I .. . . . . . __ ..___-._. ____-y-- .. _ . -_�.- .�_- � � I � I� __ __ . __._ . . - __ _ - / T I I �i.. e �} : {} Ci � G7 C3 CS � � Q ', �. { � _ 'I � . I �� � '� � �I � , � � ��� —�� �� I�' I � ' ' � "rI . � � � � -. ; � , i, � ii i � � ' � � ° �� � � ,�� i ; ` _ � ' �- - r ��� - - '� ' � ���� i � � � f i ' ' � ' �' � i i � I � , � ; ; ,� , � ; �, �- '� ic� ' � '� � o ° �' c� � En ; � I 4 °Ry �_ — —__. —P - � 4'" «, �.., � .n� � ":: n . _.. � , � � 4: +r �Y r.—. �— - — - 3�.�b� -. - �— - - — 1c.,��..�st`. I I F��1 —_ _. --�����d-' r a 5� e� ! � � ��e @i$ � � � � ��) ��3 ! �i i i a`si�� � 9�� 1 g� : ! � 9��� I I r�l �, [ : g� � � i ai i4 9� � ;' ;��:€ v i i i E E jtE� i p e : 9 ! � y9 }a �l sP € � i` �`� z} s ; 7 � �t� �� � 3 e g 3 e 3��e � e � c 9 �.� f pP �'o �1 j �� ;Syi;; E? 9 fi i] t !�s d�i? g a ` � : p � � � v �s �a : a �8 i e o g R�� � k + _ g . 9 � SC �o p ' 1� 99' f g i i ly3 � � r 6 �3 i � g� , s i� � g�� � f �` pi(� n3 � �+ �4�'g� i° ° �y 1a � ig §s= "���@ 3 s e i ���Y�6 P g��� + �, � ��i a� � " '� 9 f�S� 3 � '9 i 5f �� � 3d iEt9�� !�� i B� �4 9 3 e�i i ii�fp � p sI x ��FPl�3� 6�gF � � �p � i ( ; ! � � € 97 3 i �� ( e- iQ �� � i� s d�! Sa [ € � �+g 3ip3 � j p, Y�� �9 e 8 y t� pY2tlP � j� ��y � P@ �@ y�j�gi9gE � 1� F�� E y Yi f 3 gs6 �IjP1 ia �1° 0 f : �7 S6 g�� Pi ; i�� �(a 39i��{� i��j �$P �E zt � �i§4Sd57S� p� ��p at� R � ri� �as�� � � ��' �S ��9Yp ���f �� t o $ F� ! P � 3p �°3f� f6 1 3 Y � �8 �9§ EpF' ii i& �{�e S �� 9P s :�� p 3� S� & i s� s3 �g3E7P e� � s �gpt �E � i y�p 3 ! �, P p 3M � �a�e f r � � � � a € � e � � �S € .S �s� � � f l �it�&€ � ip S 3 � F .4, � 9f v €; �6 E 'g3 ! 9� � a�Sia 9 3� a� a i 3 �aas g � e �r e4 4 � ��¢ �` � ��iF �� �ti° �� al�3�ddi �it�9��! l���di��S P�3 ��li�13° � R C ie ji 3 a��S�� 33 [ �z9i 9� � i p�seag� !� ,�p� dpatia'i �i��3 g6 �sP3�aa° o���y1�i�€g`•!I i��Pi'�� g ' �t�g3�6 ; 3�E;�8eS ss , ;�,t & 1,j t �l 9 �,g •q ` 9 $I:a�Fz:ma4,��9�,��qa����a�t��ie44�S�p5tE���l��➢�438S�4�i3�l __ ,s���5����� el�i�assE g x�� �C 9 i� f i{°e 1e: t a . . j . � r. . . fi 0 � � i Af S c�� � I�� i�� 'c � y e � 9 �� 6 � ��t� �g 6t • ru e-�� i �� �a� �S ��t ! ! � ��i s�e �� � I d e�� � � �; � �! v � �i�E �} �i ''i ° C�e 6 'e fiv 1 �i d §�� � ��� oEg� � � a � � E ��a � ; :a . e' E : �� iEf� � ?' � ��Ii i �'d pgf�; .'5 3§ ay[ ���3 + ��zFy���3� r ' g t e �3; t 3 ?� � �i P g .(���e�np g{g { e ��i �P °9� ! � Y i 1 �lf6slF i � ; �— � ( i1� [ � 1� T � Sf€@� 1 d ?� ; , 1 ; s € i 3 - - €. 3 , 9< < e 6@ t ! � s" e t'i . 3 et 3s a3 �� � t= g � ; s,'s !� �° 3�p : SP�lds a a g q 0 i 9�y � ' i�� €edi ; psl. § � p: E � p te�s; t ¢ � � � f § ��� P ' �(.f iEea 3 sY'—j'�� �e _.; ;��ii � t � 3�� ; P €� ,9�§: r s � 4 �g 4 � a• P ; �3 �� r�s � #s;Fi .� p � l�j ajP 3 p 3� 91es � i � id � . ; � ts 3 �. � e t 9ae.� 6 4?� 3 ¢i8 ¢3i �, s !Pe§s �ie s i � r, e� pF � €�s j i �i�'- � �s. �e r� 'i:!e —`' 's9� �@ � ! gej �ea€:qt �� � � (g �i " d' e�' 3a.z ����3 i�e3 r y !. j� gS'Fti '� '�`". s��a �lE� ��E�€a°g 6�Sd{'¢i�� ��g p� ��'i§P 4°?'€ =�f �` E'`' i�j�'74�" � '"�g�{��g�� 79' �� : 1 li ¢� a:F e 4gese€ ES&�g i�i@�F 39'g ��e�vbi�i �a; si�� r�ir9e��g; � �gepi �9 . @@`��S°�i�i� ��� a��- t3�3 �4�����p Yzjt�ia`�ylty3 !���j1�4�i g3�°E�`��tsp� °t��g 9gs's�$�ig � ��8g3�@��e j SE�iC�Riis°a ��dEiiS€l�99@9�saia����;!��3d��4i:���'!$t���{i�Sa�i��I'aali`v$€i�a°€?4 3@6i9���EIf�z=3€ie3�sE�a: . .. . . . . ... . .... . . ... ... _.._ ,.. .... .. ..... , .. .. . . . T. ��- , ; � � vat ,9 A `I. {t � 'a � �5 4E Hnrvor'z.e i. I3 t)�� �qq � �y � ,�I � i � . �; i5 4� � P � ( 1���� � % \ Y I� — io : 6 � P I � a a e I ¢ � �f�� a3� � �i � �il�� � �€� � � ! ? �a i��� . J �a� ��� � i j iS 9 9 � .ie:i i', y t! / \ � 3 —Y 1 S'���,/ I� d � s \��' g/. g � F��1y• I � � � �y, 3 ��.' � ' F N�i �i � --� �� �. / ,✓ ,Y i; i ; L� �� rt� w i /� ?� " 3 ` i ( I� � �. 't i �� �I � ;i ;E��i � ��, ,1t „ �I I ; � ��`��� . �� � ` % ,��. v. � I; a � ;�' n. . I � �''� 3 <. � �� � ��'. F� y� �9! o �:,;:-1 �',� ��f ; •.� � gtE � ili y. F!s g °E3 3 �;a � 3!E :� ��„� f:? m �� .'_ p4 �� .. .,�� - ;, _ � � i� �i ;iii - ��`i�/: �i N pe i � i � � � a p . � `�-j�,��i �i,!, ���:'a� '2va��rpy ��O WE<P EXHIBIT "F"- PRIVATELY OWNED PUBLIC SPACES SITE PLAN 90 { G 1 I\����-Y,/`'2 ��i�^L"J�-i: 54 `/E TM1� . � __ ___.. � � . , , .x � � r -. ..., . _.. � a., s : �— : . . . ��i '... =� _� �� �u, � ���'+.�'��. �� � ' I . ;�, a 'y:• � , �{ �.. ` . � J � _,� o I �;�, ; �� I ° � _ ... . t �- - . __..a� � -- � ; . _. i � _ �� .; — �.�.,..._: ,� '�,� e � � ry � � --� � ���a Y \\� ' � ��.���� € ^ vr a�s r � � EXHIBIT "G" - DESCRIPTION OF PUBLIC FACILITIES The proposed development will be serviced by those roadway transportation facilities currently in existence as provided by state, county, and locai roadways. The proposed development will also be serviced by public transportation facilities currently in existence, as provided by Miami- Dade County, the City of Miami Beach, and such other governmenta� entities as may presently operate public transportation services within the City of Miami Beach. Sanitary sewer, solid waste, drainage, and potable water services for the proposed development shall be those services currently in existence and owned or operated by Miami-Dade County, the Miami-0ade County Water and Sewer Department, the City of Miami Beach, and State of florida. The proposed development shall be serviced by those existing educational facilities owned or operated by the Miami-Dade Public Schools District, if applicable. The proposed deve�opment shall be serviced by those existing parks and recreational facilities owned or operated by the United States Government within Miami Dade County, by the State of Florida, by Miami-Dade County, and by the City of Miami Beach. The proposed development shall be serviced by those existing health systems and facilities operated by the United States Government within Miami-Dade County, 6y the State of Florida, by Miami-Dade County, and by the City of Miami Beach. The proposed development will also be serviced by any and all public facilities, as such are defined in Section 1633221(12) of the Act, that are described in the Comprehensive Plan, specifically induding those facilities described in the Infrastructure Element and the Capital Improvements Element therein, a copy of which is available for pu6lic inspection in the offices of the City Clerk of the City of Miami Beach. Notwithstanding the foregoing, [he Projed may be required to provide for some of its own services, induding solid waste removal and stormwater drainage. � ' io !���� _ ��,.e.:.� \iNE Tft�S EXHIBIT "H" - DESCRIPTION OF PUBLIC RESERVATIONS All easements referenced in the Agreement. x�`e?i ��w,q'� ro��:�PJ�t o�,�t OR BY. 34856 F'G 3195 LAST F•AGE EXHIBIT "I" - DESCRIPTION OF REQUIRED DEVELOPMENT PERMITS The following constitutes a generalized list of local permits anticipated as necessary to be approved by the terms of this Development Agreement: 1. Design Review Board, Historic Preservation Board, Planning Board, and/or Board of Adjustment approvals, pursuant to Chap[er 2 of the City's Resiliency Gode. 2. Utility Permits 3. Demolition Permits 4. Building Permits 5. Environmental Permits 6. Hazardous Materials Removal Permit, if removal of hazardous materials is found necessary. 7. Public Works Permix, Paving and Drainage 8. Public Works Permit, Water and Sewer 9. Public Works Rewcable Permits 10. Certificates of Use and/or Occupancy 11. Any variances orwaivers that may he required pursuant to the City of Miami Beach Resiliency Code 12. All other local govemmental approvals as may be applicable to the subject property from time to time pursuant to the terms of this Development Agreement. :i�tuLGt ! ',. . . . �%'� 7 h .:by :: . � . : a ��� � JUL l 8 2DC�i '� � � � �. � , � r �"��i c; ��. i ' — � ix,:,,: ., _ _ �'�'�nGc�yo�wa