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2000-24160 RESO / RESOLUTION NO. 2000-24160 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE FIRST AMENDMENT TO THE AGREEMENT OF LEASE AND APPROVING ON SECOND READING, THE FIRST AMENDMENT TOTHEDEVELOPMENTAGREEMEN~INACCORDANCE~TH THE REQUIREMENTS OF THE FLORIDA LOCAL GOVERNMENT DEVELOPMENT AGREEMENT ACT, BETWEEN THE CITY OF MIAMI BEACH AND 16TH STREET PARTNERS LLC, FOR DEVELOPMENT OF THE SITE LOCATED AT WASHINGTON AVENUE AND 16TH STREET WHEREAS, on January 5,1998, the City of Miami Beach issued RFP 20-97/98, seeking pTOposals for the development of Public-Private Parking facilities; and WHEREAS, on April 6, 1998, proposals from five (5) different development teams were submitted and evaluated by an Evaluation Committee and on July 15, 1998, the City Commission authorized negotiations with four (4) of the pTOposed development projects; and WHEREAS, as a result of said negotiations, on June 23, 1999, the Mayor and City Commission adopted Resolution No. 99-23222 appTOving the Agreement of Lease and the Development Agreement between the City of Miami Beach and 16th Street Partners LLC, for Development of the site located at Washington Avenue and 16th Street; and WHEREAS, on October 18, 2000, the Mayor and City Commission approved on first reading, the First Amendment to the Development Agreement, and set the second public hearing to consider the First Amendment to the Development Agreement and the First Amendment to the Agreement of Lease; and WHEREAS, amendments to the existing Agreement of Lease and Development Agreement have been requested by the Developer and its lender as more fully described in the First Amendment to Agreement of Lease and Development Agreement attached hereto; and WHEREAS, the aforementioned amendments do not adversely impact the City's interest in the Project. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission approve the First Amendment to the Agreement of Lease and approve on second reading, the First Amendment to the Development Agreement, in accordance with the requirements of the Florida Local Government Development Agreement Act, between the City of Miami Beach and 16th Street Partners LLC, for development of the site located at the northwest comer of Washington Avenue and 16th Street. PASSED AND ADOPfED TIDS 8th d., 'fN"Yjj' 2000. MAYOR ~r P r1MLu-t CITY CLERK JMG/CMC/rar T:\AGENDA\2000\OCfl&OO\REGULAR\COMRAS.RES APPROVED AS TO FORM & lANGUAGE & FOR EXECUTION ~~ I ()- 2.$-oV Date CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.fl.us COMMISSION MEMORANDUM NO. 0 {; '2-r- 0 0 TO: Mayor Neisen O. Kasdin and Members of the City Commission ~< DATE: November 8, 2000 FROM: Jorge M. Gonzalez City Manager SECOND PUBLIC HEARING SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE FIRST AMENDMENT TO THE AGREEMENT OF LEASE AND APPROVING ON SECOND READING, THE FIRST AMENDMENT TO THE DEVELOPMENT AGREEMENT, IN ACCORDANCE WITH THE REQUIREMENTS OF THE FLORIDA LOCAL GOVERNMENT DEVELOPMENT AGREEMENT ACT, BETWEEN THE CITY OF MIAMI BEACH AND 16TH STREET PARTNERS LLC, FOR DEVELOPMENT OF THE SITE LOCATED AT WASHINGTON AVENUE AND 16TH STREET. RECOMMENDATION: Approve the Amendment to the Lease and Development Agreement on second reading. ANALYSIS: On January 5,1998, the City of Miami Beach issued RFP 20-97/98, seeking proposals for the development of Public-Private Parking facilities. On April 6, 1998, proposals from five (5) different development teams were submitted and evaluated by an Evaluation Committee and on July 15, 1998, the City Commission authorized negotiations with four (4) of the proposed development projects. As a result of said negotiations, on June 23, 1999, the Mayor and City Commission adopted Resolution No. 99-23222 approving the Agreement of Lease and the Development Agreement between the City of Miami Beach and 16th Street Partners LLC, for Development of the site located at Washington Avenue and 16th Street. On October 18, 2000, the Mayor and City Commission approved on first reading, the First Amendment to the Development Agreement, and set the second public hearing to consider the First Amendment to the Development Agreement and the First Amendment to the Agreement of Lease. AGENDA ITEM /LtC Il-~ -OU DATE November 8, 2000 Commission Memorandum 16th Street Partners LLC Page 2 The amendments to the existing Agreement of Lease and Development Agreement have been prompted at the request of the Developer's lender and consist ofthe following: 1. Le~a1 Description: provides new Exhibit A and Exhibit 2.1 that clarifies the legal description of the properties being deeded to the City. 2. Termination of Prior Easements: provides for the termination ofan existing easement that contains a fixed expiration date in exchange for the execution of a new easement issued in perpetuity . 3. Modifications of Lease: The Lease is modified as follows: (a) Section 7.2(d) is modified by adding the following sentence: "Owner and Tenant agree, and the Recognized Mortgagee shall agree, however, to approve any insurance adjustment so long as the insurance proceeds, together with any additional amounts which Tenant and/or the Recognized Mortgagee agrees to provide, will be sufficient to pay the costs of the Casualty Restoration". This modification is intended to assure that the City, as owner, has the right to approve an insurance adjustment in the event of a claim if the insurance adjustment is sufficient to pay the cost to restore the property . (b) Section 7 .3(g) is modified to reflect that Tenant may instead procure insurance policies for such periods that can be for less than a year provided, however, that Tenant shall at all times maintain insurance for the coverage required by the terms of the Lease. This modification is necessary since LNR Partners will insure the property under umbrella insurance policies that cover several properties which may not cover a full year, at any given time. (c) Section 9.1(b)(D is modified by deleting the words "appraised value of the Land" and inserting in lieu thereof "appraised value of the Land as encumbered by this Lease". This modification is intended to clarify the appraisal methodology to be employed in the event of a valuation for a condemnation award. (d) Section 25.8 is amended by inserting "(other than the Improvements)" immediately after the words "security interest acceptable to it in property of Tenant". This modification clarifies that the City's security interest is in the Tenant's personal property and not in the improvements until the lease terminates, at which time the City will own all improvements. November 8, 2000 Commission Memorandum 16th Street Partners LLC Page 3 (e) New Section 36.2(h): "(h) Notwithstanding anything to the contrary contained in this Section 36.2, (I) Owner's right of first offer and other rights set forth in Section 36.2 shall not apply with respect to any Recognized Mortgage or as a result of an assignment or other conveyance in lieu of foreclosure of a Recognized Mortgage, and (ii) during the pendancy of a foreclosure action of a Recognized Mortgage, a Recognized Mortgagee, notwithstanding that it has not yet acquired the interest of Tenant under this Lease, may deliver to Owner an Offer Notice under which the proposed sale to Owner would be contingent upon the Recognized Mortgagee (or its designee) obtaining Tenant's interest in and to the Premises. In such event, Owner's period for electing to consummate the Right of First Offer Transaction shall be thirty (30) days after Owner's receipt of the Offer Notice, but in no event earlier than five (5) business days after the first regularly scheduled meeting ofthe Mayor and City Commission that occurs after Owner's receipt of the Offer Notice. It is understood and agreed that this Section 36.2(h) shall only apply to the first sale, assignment or transfer which occurs after the foreclosure of any Recognized Mortgage." This section gives the Lender the right to proffer an Offer Notice to the City prior to its acquisition of the actual legal title to the leasehold interest in the event of foreclosure and provides for a 30 day period or no later than 5 days after the next City Commission meeting, whichever is later, to provide a response. The purpose of this clause is to allow the Lender to dispose of the property on an expedited basis after a foreclosure. It is deemed that the aforementioned amendments do not adversely impact the City's interest in the project. It is recommended that the Mayor and City Commission adopt the attached Resolution, finding the amendments proposed herein to be acceptable and necessary, as required by the Developer's lender, and thereby allowing the project financing and construction to proceed. JMG/C~brar ,tA- T:\AGENDA\2000\NOY0800\REGULAR\COMRAS.MEM l(;i{() /llJat)- ~~ 10~ N(;(' kN {)t!bINA-L- R~~ 19 7 9 4 PG. 1219 Bf~: I 9395fC I ! 06 This InS1lVmenl WIIS prepvcd by Illd lIlould be RNmed 10: BriM p, Taaue, P.A. Tew Carde_ Rebak Kellau l.ehman DeMaril ot Tlaue, L,L p, Sulle 2600. MIIlllI Center 201 South 81sclyne BoulcYltcl Millal. Florida 331J1 o 1R:388021 2001 JUL 23 14:14 OOR5853'7S 21)00 DEC (16 10:16 77Ib 'po.. """";".....",,,,, /trfwwulltm FIRST AMENDMENT TO AGRItF.MRNT OF LJ:A.SF. AND DEVEI.OPMENT AGREEMENT THIS FIRST AMENDMENT TO AGREEMENT OF LEASI. AND ~~ AGREEMENT (Ibis "Amendment") made u of this K! day of 2000, betweea THE CITY 0' MJAMJ BEACJf, FLORIDA, a municipBl corp lion (the "City"). and 16'111 STREET PARTNERS, LLC, a Florida limited liability company ("Tenant"). . WITNESSETH: WHEREAS, the City and Tenant have herelofore entered into a c:crtain Agreement of Lease dated U ofSeplember 1,1999 andrec:onled in Official Rec:ordsBook 18770 81 Page 46 in !he Public Recorda of MilllDi-Dade Colll1ty, Florida (the "Lease") and a Developmcnl Apcment dated U ofSeptenlbcr 1,1999 8Dd recorded in Omcial Records Book 18770 at Page 272 in the Public Records of Miami-Dade COllnty, Florida {"Development Agreement"; and WHEREAS, the ptUtics hereto c1eslre co modifY the Lea;c and Development Agreement upon the terms, provisions and conditions u arc more panll:u1Brly hereinafter set forth. NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter contained, the parties herelo lIpI:e lIS foUows: I. Recllal~' D.,fi"",d T t'!rm~. The recilllJs set forch above are true and by this reference are incorporated hen:in in lhcir entirety. All capitalized 1cmIs contained in this Amendment which are not otherwise defUled herein shall, for the purposes hereof, have the lime meanings as are ascribed to them in the tease. 2. LcSal llo!l:~riplion5, Exhibit A to the Lea.~ and ExhIbit A to the Development Apeement are hereby deleted and Exhibit A to this First Amendment is hereby substituted in Th1s Amendment 1s betna re-recDrded to attach the legal description 'J{ '" t " (,..~~ ,~!!. . , , ;i1j!:;~ .;t: 1:; '~:"~'~ ~:;.-:';".;:... ~.t ~i.~ .'ltj:'.{;r::'\'.t:~':::i;t;a' ";'., .....tIiIiIt~.-.-:oiI...--_.,. ., ...-.... . .;......._...........loo........'.......___...___ .". ..~:: . ... j ';t; ] .,i ,,:t ,,:;;i>-/. .". 'n.. ....,,;.,;fy:~b\'~'~;~:\:. . ," .., t." .1..... ..!;,....Hf' :'~ il'f~.......'tr" ('.- .. t ; .~: ~~ I.~~:.:. . ., ',.,.. '. ~;. . . -....: ~Cii-':"'..~~ I , "t 19794 PG. 1220 ~U: I 9395fC 1107 lieu of bOlh such exhibits Exhibit 2\ to Ihe L.ease is hereby deleted and in Iicu thercof Exhibit 2.1 attBched 10 this First Amendmcnt is sUbstituted in lieu thereof. 3. Terminntion of Prior Ell.ql!ml!nlg. Pon:cl I (as identified on Exhibit A hereto) is bwdencd by certain casements sc:t forth in the deeds recorded in Official Records Book 223, at Page 283, and Official Records Book 187, at Page 3\S, Public Records of Miami-DlIde Cowlly, which easements are described therein u Easement "A," Easement "8," and Easement "C," respectively, which easements benefit Pon:el 2 (as identified on Exhlbit A hereto) (collectively, the "Prior Easements'," The City is the owner of 1111 the rc:aI property benefited and bwdened by the Prior Easements. By execution hereof, the City does hereby tenninate such Prior Euements. Upon recording of this Amendment,lhe Prior Easements shall be extinguished and shall be of no fwther force and effect. 4. Modificnlions of tense, The Lease Is hereby modified as follows: (11) Section 7,2(d) oflhe Lease Is hereby modified to read IS follows: "(d) AdJu.tmeut. for Claims. All property insllt'lll1ce policies required by this Article shall provide that all adjustments for claims with the inslll'Cl'S involving a loss in excess of One MillioD Dollars ($ 1,000,000) adjusted for inflation be mllde jolnd)' with T ennnt. Owocr and the Recognized Mortgagee, Owner IInd Tenant nr""e nnd Ihe ReeoPnl7ed Mortinree !Ihnll "Ir""e however 10 l\ppmve any In.<mrance allj_enl ~Q Inn, .. the ingumnl!li! pmeeetk ro~"lher with IIIIY ndditlonlll amounls which Tensnl and/or the Recqll'i7~.d Mortl!l\lee l\pt! to provide will he sufficient to PllY the cosls of the Cn.-'~ RerllH'llrinn " (b) SectloD 7 J(g) of the L.ease Is hereby modified to read IS follows: "(g) Duration of Po1h:les. r eDlll1t shall procure policies for all inswance required by an)' provision of this Lease fer fllReds If Bet I... tho 881 (I) YI.. lIIId shall proc1Ire renewals thereof from time to time at least f1fteen (I S) days before the expiration thereof, except tbal Builders' Risk Insunuu:e shall only be renewed for !he Iarm of lIIl)' conslluction period.. Tenant shall.t RJlljlft~~ m.llintnln inczunmce oFthl! ~ and in the Blftounl", lUId sulliec. 10 the tmu.. condltioft!l nnd provisions rrquin!d Il.Y the le""s oflhe r.el\Se " (c) Sectioll 9.1(b) ortlle Lease is ltereby modified to read as follows: "(b) DisbunelDeut or Award. If all or Substantially Allor the Premises un: taken or condemned as provided in SectioD, the Net Condemnation Award paid or payable CO Owner, Tenant or any lender or mongogee claiming through either of them in cOl1Dection with such taking or condemnation shaJl be paid u (oUows: (I) there shall first be paid to IIC.HlSYSlA'nOILEVUPAlJCING\PU.....IlM\6IMl...... "1<C\FIn~.fI'" llc>b.....I. .2. .. -....,....-_......'AUI..r.......~~\I:."....."""'.,~~_..-., N '....~.... ~..;. . . , . ... ..,:"..t: .;.... A',. ;... :"-".-..".::........:,... . .:'" ,.,;..' ;"'. "",,",,;.j..:.;..,.;':;I.i~,.;,"..,.;:J;:,~~A h. .. . - -' a~~ 19,794 PG. 1221 ~l~: I 9395fCI !08 Owner an amounl equal 10 the Nel Condemnllllon AWIII'd multiplied by II fraction, the nwneralor of which is the appraised value of the Land ~ l!ncumhe~d by Ihi~ I el\~l! immediately prior 10 such condemnation, and the denominator of which is the appraised value of the Premises immediately prior to such condemnation; (2) there shall next be paid to the Recognized Mortgagee so much of the Net Condemnation Award u shall equal the unpaid principal indebtedness secured by such Recognized Mortsaaec with Interest thereon at the rate specified therein to the date of payment (Including any prepayment fees thereon and any so-called "yield maintenance" or "make-whole" amounts or other SW1lS intended 10 UlUre 10 the Rec:ognized Mortgagee a certain rale of return under the loan secured by the Recognized MongDSc. if any, lIS well IS any costs payable by Tenanlln cOMeclion with such Recognized Mortgage pursuant to any "swap" or other interest rate protection or hedging mechanism); and (3) the rcmainln, Net Condemnation Award shall be disbursed to Tenanl The appraised values referred to in Section !M(b)(I) shall be determined using the appraisal process outlined in Sectloa 3.1( e), except that the appraised values shoJI be bosed upon "fair mlUke. VDIuc" and not Fair MlIfket Rent. Cd) Section 258(f) of the tease is hereby modified to read lIS follows: "(f) in the case of a proceeding concerning T eaant, that Owner shall be gnlJIled 8 security interest acceptllble to it in properly of Tenant (other Ih"ft Ihe Improvement$) to secure the performance ofTCIlIU1t's obUgalions under this Lease, subject CO the rights of any Rcco&nized Mongagec under the Recognized Mortgage." (e) Section 32 of the t.ease Is hereby modified by adding the following provision as subsection 36,2(h): "(h) NOlwithsl:ll\dlng lIRything to the conllary contained in this Section 36.2, (i) Owner'. right of fll'St offer and other right! set forth in Section 36.2 shall not apply with respect to any lraIIsfer occunUlg u a result of the fon:c1osure of a Recognized Mortgage or U II mult of an assianment or other conveyanee in lieu of foreclosure of a Recognized Mortsaae, and (Ii) durin& the pendency of a foreclosure acl1011 of a Recognizled Mortaage, a Recosnized Mortgagee, notwithslandlng that It has not yet tU:qufreclthe interest of Tenant under this Lease, may deliver to Owner lIII Offer Nol1ce under which the proposed sale to Owner would be conliDgcnt upon the Recognized Mortgagee (or iu desiguee) obl8iaing Tenanl's estate in and to the Premises. In such event, Owner', period for electing to consununale the lUght offlm Offer Transaction shall be thirty (30) clays after Owner's receipt of the OtTer Notice, but in no eYenl earlier than five (5) business I1CJtlSVS\A1TO\LEVI.IPAlUUNGlPU...'RMI.cM.......1n P1_In_.........FInoI RevI,....I_ -J. r;:-- .t" i; jf' "t" J' " " ;;~ .:4;;. :ri:~. . ~""'-';'::ti" 0":"'0:.; li.;''-'r... ~ . - -..............;..;a......;.""*.........;....-~."...-... ..-- ~.. "'-.-;c':' .' ..... ..... .) },~ ,: ..,:;l.,,;;,;~,.~'j.Jii~~i~~'~~~lf:;!.. .,.,...,"., ,...".' " '/.' -.- ,,:;;;. .~...;.:.::~ ..)~~. .~,;: .~'~.:~~~:..~ L.... it ......... - - --. . .... . ~ 1[:"' ~... .....!"I... ~{.. cOt' "~.'. [..~ ., h-:;... $;': ;: a~~ 19794 PG.1222 ~fl: I 9395fG II 09 days after \he first regularly scheduled mecting of !he Mayor and City Commission that occurs after Owner's receipt of the Offcr Notice. It Is undelSlood IlIId agreed IhaI this Section 36.2(b) shall only apply 10 the filSt sale, assignment or transfer which occurs after the foreclosure of any Recognized Mongage." j. RntificDliplI As modified by this Amendment, !he Lease and Ihe Development Agreement shall remain in full force and effec:l and are hereby in all respects ratificd and confirmed. ' IN WITNESS WHEREOf, the parties hereto have executed this Amendment as of the clay and year first above writtlln ~~ t'f) .01 Print Name: f:'. e i eP- o. o. dk4-.~~ Print Name: ..~ . 'LItI ." Mav""~'., , "':'. ... ~;. "!. .r.... , I.; .. ." . A~:r' ~. I';;~"~'~:<", ~"'It;. . t';r,. '.. ~ " r,u'I.~.tHA~~j;;,,;~, ~~. (luA- D: ".~ \ '7: Robert Pan:berif::ibl ~';:!~ 'I tJ'1 :t" ",,- r' :_ t:"'~':~I~' \\(1' ~.. '.~~~': :S:},A"'~ ..,'\'~~.~~ I - .' "" j,}l1-)/~'\'~".' APPRDVED AS:~~~t,,;......t-~1';~.~' . FORM&LANOllAOE_. ;': ' & FOR exeCunON 1Ut11!f-. t\" '-f7 Oa.. \\C_lMvS\.\ TTOILEVLIPAlWNG\PV8.PRIV\tH>Uncol. Pt_IfImAmmdmmt.f1ooJ Itcwblonsl.doc .4- -,......,.--._~... 1'1 ~...III'".--...,- --"-W~: : 'i~Jll.\~-..l...t~. ~;.: \,.a.;,~;;.)tf:f;,"-r.I,,;,~,:~";il :'! r \";' '''~''''''o,...:",.:.,~, ..;;.':,:,,;;,<::)..:., '-'.i.:.l . ~ a~~ 19794 PG.1223 :f~: I 9395rc I ! 10 16" STREET PARTNERS Ltc, a Florida Iimiled liability complllY By: ~ By: Print Name -i ~FTI/ IlnMAAl/K. ;i;~/:~~~tr,~ STATE OF FLORIDA ) )8S: COUNTY Of MIAMI.DADE ) The fOfe80ing instrumenl was lIC~S~.re this ~daY of /IkItHt~ 2000, by Neisen O. Kasdia, IS Mayor, an .., fflry Clerk, of the City of Miami Beach, Florida, a mlllliclpal corporation of the Stale of Florida, on bebalf of such mUDiclpal corporation. Thev are nersonully known to g}!Lor ~lIeed Florich. <hi........ I~ k1enlifieetiol1. &/~thrrp NOW)' Pub "D . f-,'/I,',w o~h'}f1J..tJLI' Type, Print or Stamp Name ' My Commission Expires: STA1100F ~ict COUNTY OF M1\W;.n ) )SS: ) ULLIAH IlAUCIfIIMI' NOI'ARTftlIUCsrA'nOPRDIlDA co;.o,;;;;o:.;' - ~--- ~"COMMI!5IONm.AP.";~ ...:. The foregoing instrument was ltl:kaowledged before me lhJs I(,~y of ~r ~, tiy ,In-..(k ItGc'\ffirlS \he-I!. Prebtcfe'''''ofLNR. 16* Street, Inc" a Florida corporalioD, ., Manaains Member and on behalf of 16* Street Partners LLC, a Florida Iimiced ,'liability company. He is personaJlf known to me or hu produc:ctl a Florida driver'. license u . ~~en1if.icacioll. = d! ~~ o..""ImUI'hI: "" ~ "WI "..., 'I.. ~ ___ .....~,)~"'~~ ~QC.:". Nil ie ~>. ,.." . L .n , '.:' ":', 0 T ~ Ir ~ .~ \ -rANm'\~ 1 ~(0t6 0.. .: i Type, PrlJIl or Stamp Name ;~ I'loJtD'" . '.ie" "2'1 __..cw"""'AI.'CO'<DS.... .~.\ . ..L\ J V,P , Cf'DIIIICQItI'Y, 'lCMl4 '.)', . I' , l My Commission Expires: ...___ '~~'Wi~\Po\IIl(JNG1IU8'PllM"""Ll-'. Placc1fII1tAmo........,....IIIWItloNI.400 ~~= COlIRI ... -,It. t- _ 5 . Notary Public, ChelDkee County, GIorgia My Colllrisslon EIlplres FebrUllry 9, 2004 .I".....,...............~-tp.~..(II{.o\;jo/,"~~"'~.""~......;,..._- 'i.t I~. , -. ., ':~ .;;~~ , ..' "'" . ,.., ~~,.~J..~ii;a~.!.~;."';~;/ ! '!,t;.""'a;." :_:l . .:.... f!=3:;....,.:~. '.j .''''''i'_':~''':i ...,i.;.i,'.:i: I.."~~':j,~, L'..)~..);. " I ~; :- ~- .-.-- "~~ 19 i 9 4 PG. 1224 l.tGAt. DESCRIPTION flmll; ~DShinglon Avenue LoiS 19 and 20. less the Wcslern 94 feellhcl'eof,and all 01 LoIS 21ll11d 22, Block 54. Fishel's Fin;1 Subdivision of Allon BCIlCh, as recorded in Plat Book 2, Page 17 01 the Public Records or MiDnli.Dade County, Florida TOGETHER with the righl or ingress and Cgte55 to and rrom Collins Avenuc and the rellr' oC Lot 19 bereinabove described over and across thai certain 20' alleyway running rrom the East side orsaid Lot 1910 Collins Avcnue and more particularly descried as the South 20' orlbe North In or LoI 4, Block 54 aforcsaid. ~ 160S Washinl!lon Avenue The Westerly portions olLots 19 and 20. Block 54, Fisher's First Subdivision of A1lon Beach, according to the Plat thereof. recorded in Plat Book 2, Page 77, oflbe Public Records 01 Miami-Dade County, Florida, more particularly described as lollows: CommCllcing allbe point where the Nol1h lot line of Lot 19 meelS tbe West lot line ofl.ot 19, then proceed along the Westerly lot lines alLot 19 and 20 lora dislance of 100 feetj thence East, paralleling the North 101 line of Lol21, a diSlllllCO of 94 fecti thence North, paralleling the Weslerly lot lines of LoIS 19 and 20 a distance of 100 feel to lhe North line of Lol19j thence West along tbe North 101 line ofLnl1 9 10 lhe Point of Dc ginning. ~ 1619 Washin!11on Avenue &: All of Lots 17 and 18 less Easl 60 fect and inCluding lhe 20 fect of Alley now closed lying Nonh of Lot 17 less East 60 fect all within Block 54 of FISHERS FIRST PLAT SUBDIVISION OF Al..TON BEACH, accordinltolhe Plat thereof. as recorded in Pial Book 2, at Page 77, oflho Public Records ofMlllIDi-Dade County, Florida. LESS AND EXCEPT: A ponionofl.ols 17,18, and II vacRlcd 20 foot Riley, all wilhln BlockS4, FISHERS FIRSI SUBDIVISION OF ALTON BEACH, according to the Plat thereof, as recorded In Plat Book 2, at Page 77, or the Public Records of Milll1ll-Dade County, Florid.. being more plUticularly described as followlI: J of2 248944.1 '.'. -'.. -_....__...........~ .. .. .'-. .i "i" .~~.t;. .~..i ...:..:.:{.;..~;:;;;I.:.~;~.;,..~ ..\~~j.':,;.J.i.;~ ..~.::,.~:i~i:; .' :t ~ }~ ::1 .'q .,...... '.. ',' .~....~.~,~.;~i..:':J.';,iJ)/~~;:'f'.llr. "!:i",\~tI. ...::;.t.iI!..~,.:".,r ..~,. ft~~ 19794 PG.1225 Begin at the Southwest comer of LoI 16 of said Block 54; thence South 00.00'00. West along the East right of way line or Woshipglon Avenuc for 116.79 fceti thcnce North 89"57'01" Basi along thc Soulb line ofan cxisting two slOry building (or 8520 fcct 10 Ihe Southest comer of said building; tbcnce North 00'00'23" West along the Easterly line of said buildinl and il8 northerly extension lhereoffor 116.70 feet to a point on the North line ofsaid vllcated alleYi thcnce North 89'59'29" West along the said North line also being the South line of Lots 15 and 16 of said Block 54 for 85.19 (celto lhe Point ofSeginning. Air Ri~ls: A pomon of loiS 17, 18 and II vacaled 20 foot olley, all within Block 54, FISHERS FIRST SUBDIVISION OF ALTON BEACH, accordlnl to the Plat tbereor, as recorded in Plat Book 2. al Page 77, ofthe Public Roconls orMllIlJJi.Dade County, Florida, and being more particularly described as follows: Begin at the Southwesl comer of Lot 16 of said Block 54; thcnce South 00"00'00" West along the East right of way line of Woshinlton Avenue for 11679 (eeli lhence North 89'57'01" Easl alonlllhe South line of an existing two story building for 8520 Ccet to lhe Soulhcut comer of said building; thence North 00'00'23' Wcsl along lhl: Eostcrly line of said building and ils Northerly extension thereorfor 11670 fectto a poinl on the North line of said vacated a1leyj lhencc North 89"59'29" West along the said North line also being the South line ofLatl J 5 and 16 of said Block 54 for 85.19 Ceello thl: Point oCBcginnln~ The abovc--described pcrimetrical boundary at elevation + 29.00 feel and above, relative to the National Geodetic Vertical Datum of 1929. 'IIIROWUIWO"("ll4l4QllGfalUllf GFDa'CIJINn. 'l~ :~":u:,N / QSIIl QIlC4/Ir COlIIr 20f2 248!l44-1 '~....""'" 'P'-""""If~~;.~~Mf .:k.,.,."..--....... . ..~.....::. ., .j .~ I. .~. 'J . .'. ;\..~~!".;i~:~il1;'1 ...;.t~""":: .:...j. .. i.~,~L;~j.i~,\.I" .::'<1 ";~...'''':'::.'':~~.;':r.- .> , I