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Beach Access Easement .... -#Y Prepared by and Return to: Joseph M. Hernandez, Esq. Greenberg Traurig, P .A. 1221 Brickell Avenue Miami, FL 33131 GRANT OF PERPETUAL EASEMENT FOR BEACH ACCESS THIS GRANT OF EASEMENT (this "Easement") is made this _ day of September, 1999, by DI LIDO BEACH HOTEL CORPORATION, a Florida corporation (the "Owner") having its principal place of business at 155 Lincoln Road, Miami Beach, Florida in favor of the CITY OF MIAMI BEACH, a Florida municipal corporation (the "City"), having its principal place of business at 1700 Convention Center Drive, Miami Beach, Florida. WHEREAS, the Owner owns that certain property situated, lying and being in Dade County, Florida, known as the Di Lido Beach Hotel located at 155 Lincoln Road, Miami Beach, Florida, and as more particularly described in Schedule "A" attached hereto (the "Property"); WHEREAS, the City and the Owner entered into that certain Agreement dated as of June 11, 1998, recorded in Official Records Book 18165, at Page 955, of the Public Records of Miami-Dade County (the "Development Agreement"), which constitutes a development agreement pursuant to the Florida Local Government Development Act, Section 163.3220, et. seq., Florida Statutes (the "Act") and which contemplates the renovation of the existing hotel and commercial building located on the Property (the "Planned Development"); WHEREAS, pursuant to the Development Agreement the Owner has agreed to grant to the City a perpetual easement for the purpose of providing public access from the Easterly end of Lincoln Road to the beach and Atlantic Ocean through that portion of the Property which is approximately twenty (20) feet in width, as more particularly described in Schedule "B" attached hereto (the "Easement Parcel") in exchange for, among other things, the issuance of development permits and approvals in order to develop the Planned Development; and WHEREAS, pursuant to the Development Agreement, the Owner has agreed to construct certain improvements on the Easement Parcel (the "Improvements"). NOW THEREFORE, in consideration of Ten and NollOO Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Owner by these presents hereby grants, sells, and conveys to the City, its successors and assigns, a perpetual easement on, in, and over the Easement Parcel for the purpose of providing '. \~"' " 'i\SYS\A TTO\LEVL\DILIOO\BeachAcccuAaml.doc oil public access from the Easterly end of Lincoln Road to the beach and Atlantic Ocean and for the purpose of installing, laying, constructing, operating, inspecting, maintaining, repairing, and replacing a public pedestrian walkway in order to provide such public access to the beach and the Atlantic Ocean. The Owner and the City further agree to the following: 1. The Owner hereby grants to the City its employees, contractors, or representatives, the permanent right and license for purposes of ingress and egress to and from the Easement Parcel for the purposes of laying, constructing, operating, inspecting, maintaining, repairing, and replacing the pedestrian walkway, landscaping, lighting and irrigation, and all other related improvements to be constructed on the Easement Parcel. 2. The City shall have the sole responsibility and shall bear the total cost for the maintenance of the Improvements, except for any repairs or maintenance arising from the negligence of the Owner or any successor thereto. 3. The parties hereto acknowledge and agree that the Easement Parcel and the Improvements thereon are intended to be used ~d maintained in a manner which is consistent with the standard of maintenance for the Lincoln Road Mall. The City agrees that it shall insure and provide security for the Easement Parcel and the Improvements in the same manner as it provides security for its public sidewalks and right-of-ways. 4. The Owner reserves unto itself, its successors and assigns, the perpetual right and privilege of: a. Right of ingress and egress to and from the Easement Parcel for construction access to the Property, provided that Owner shall bear the cost for repairing any damage to the Easement Parcel or Improvements, resulting from such construction; and b. Unrestricted access to, over, across and in the Easement Parcel, provided that Owner shall not use the Easement Parcel for vehicular traffic and Owner's use of the Easement Parcel shall not materially interfere with the continued use of the Easement Parcel as permitted herein by Grantee and the public. 5. Owner shall not construct or permit to be constructed any structure or obstruction on or over or interfering with the construction, maintenance, or any other aspect of the Improvements located upon the Easement Parcel. 2 6. Owner covenants, warrants and represents that (i) it is the fee simple owner of the Easement Parcel and has the right, title, and capacity to grant the perpetual easement granted herein, and (ii) Commercial Bank of Florida is the sole lienor and holder of a recorded (or unrecorded) security interest in the Easement Parcel. 7. This grant of perpetual easement shall inure to the benefit of and be binding upon the heirs, legal representatives, successors and assigns of the parties hereto, as applicable. 8. Notices. Any notices required or permitted to be given under this Easement shall be in writing and shall be deemed to have been given if delivered by hand, sent by recognized overnight courier (such as Federal Express) or mailed by certified 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, and City Attorney If to Owner at: c/o Bruce Lazar, Esq. Seville Beach Hotel, Suite M 2901 Collins Avenue Miami Beach, FL 33140 (if not in leave with concierge) With a copy to: Juan P. Loumiet, Esq. Greenberg Traurig, P.A. 1221 Brickell Avenue Miami, Florida 33131 Notices personally delivered or sent by overnight courier shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given three (3) days after deposit in the U.S. mails. The terms of this Section shall survive the termination of this Easement. 9. Construction. (a) This Easement shall be construed and governed in accordance with the laws of the State of Florida. All of the parties to this Agreement have participated fully in the negotiation and preparation hereof; and, accordingly, this Easement shall not be more strictly construed against anyone of the parties hereto. 3 (b) In construing this Easement, the use of any gender shall include every other and all genders, and captions and section and paragraph headings shall be disregarded. (c) All of the exhibits attached to this Easement are incorporated in, and made a part of, this Agreement. 10. Severability. In the event any term or provision of this Easement be determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal meaning or construed as deleted as such authority determines, and the remainder of this Easement shall be construed to be in full force and effect. 11. Litigation. In the event of any litigation between the parties under this Easement for a breach hereof, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. The terms of this Section shall survive the termination of this Easement. 12. Time of Essence. Time shall be of the essence for each and every provision hereof. 13. Entire Agreement. This Easement, together with the documents referenced herein, constitute 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. This Easement may not be changed, altered or modified except by an instrument in writing signed by the party against whom enforcement of such change would be sought. 14. Force Maieure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, acts of God, inability to obtain labor or materials or reasonable substitutes therefor, riot, civil commotion, fire or other casualty, and other causes beyond the reasonable control of the party obligated to perform, excluding the financial inability of such party to perform shall excuse the performance by such party for a period equal to any such period of prevention, delay or stoppage. IN WITNESS WHEREOF, the undersigned has caused this grant of perpetual easement to be executed by execution of this instrument as of this day of September, 1999. Witnesses: THE OWNER Sign Name: Print Name: DI LIDO BEACH HOTEL CORPORATION, a Florida corporation Sign Name: Print Name: By: Name: Title: 4 CONSENT The undersigned lienor, owner and holder of a mortgage encumbering the Property, hereby consents to the grant of easement rights as provided herein and subordinates the lien and effect of its security interest to this Easement. COMMERCIAL BANK OF FLORIDA, a Florida banking corporation Sign Name: Print Name: By: Name: Title: Sign Name: Print Name: 5 STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DADE ) The foregoing instrument was acknowledged before me this _ day of September, 1998 by Bruce Lazar, as Vice President of Di Lido Beach Hotel Corporation, a Florida corporation, on behalf of the corporation. He is personally known to me or has produced as identification and who did (did not) take an oath. ACKNOWLEDGED AND ACCEPTED this Witnesses: Sign Name: Print Name: NOTARY PUBLIC Typed or Printed Name of Notary My Commission expires: Serial No., if any: day of September, 1999 by: CITY OF MIAMI BEACH, a Florida :~cipa1lJ11on Neisen o. Kasdin, Mayor APPROVED /4S TO FORM & LANGUAGE & FOR EXECUTION 1Jtf/fi/:/'~ ..1 mey ~ 6 STATE OF FLORIDA ) )SS: COUNTY OF MIAMI-DADE) The foregoing instrument was acknowledged before me this 9 ~ day of September, 1999, by Neisen O. Kasdin, as Mayor of the City of Miami Beach, a Florida municipal corporation, on behalf of the Corporation. He is personally known to me" gr has pl'sclt1eecl as identification and who did . not) take an oath. Typed or Printed Name of Notary My Commission expires: Serial No., if any: ......~,:;..~:I~U"", Ruth Rubi f:f.'b:'f:~:;, WN COMMISSION' CC624373 EXPIRES ~~~.~':.rff April 25, 2001 .1i-.....<f-:-< BONOEDTHRUTROY FAIN INSURANCE,ING, ~",,'lfl'~\' MIAMI/HERNANDEZJ/946913/k@nS06!,DOC/9/08/99 7