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HomeMy WebLinkAboutSubmittal-Jose Felix Diaz-Declaration of Restrictive CovenantsThis instrument prepared by and when recorded returned to - Wesley J. Hevia, Esq. Akerman LLP Three Brickell City Centre 98 Southeast 7th Street Miami, FL 33131 01-3112-045-0010 01-3112-045-0020 01-3112-068-0190 01-3112-045-0030 01-3112-068-0200 01-3112-068-0210 01-3112-042-0010 01-3112-068-0220 01-3112-068-0240 01-3112-068-0250 01-3112-082-0010 01-3112-083-0010 REVISED DRAFT 7421 NW Miami PL 7401 NW Miami PL 7406 NW Miami CT 7395 NW Miami PL 7400 NW Miami CT 7338 NW Miami CT 7301 NW Miami PL 7328 NW Miami CT 7324 NW Miami CT 7320 NW Miami CT 60 NW 73 ST 70 NW 73 ST Submitted into the ublic record for 'terrl(s}- on City Clerk (Space Above For Recorder's Use Only) DECLARATION OF RESTRICTIVE COVENANTS THIS DECLARATION OF RESTRICTIVE COVENANTS (this "Declaration") is trade this day of , 2021, by LBRW, LLC, a Delaware limited liability company (hereinafter, the "Developer") and 7421 NW Miami Place, LLC, a Florida limited liability company, 7401 NWM Place, LLC, a Florida limited liability company, 7406 NW Miami Court, LLC, a Florida limited liability company, Little River Assemblage, LLC, a Florida limited liability company, 50 NW 73 ST, LLC, a Florida limited liability company, and 7320 NWMCT, LLC, a Florida 1united liability company, (collectively, the "Owners") in favor of the City of Miami, Florida, a municipality located within the State of Florida (the "City."). WITNESSETH: WHEREAS, Owners hold fee simple interest in those certain properties located at 7421 NW Miami Place, 7401 NW Miami PL, 7406 NW Miami CT, 7395 NW Miami PL, 7400 NW Miami CT, 7338 NW Miami CT, 7301 NW Miami PL, 7328 NW Miami CT, 7324 NW Miami CT, 7320 NW Miami CT, 60 NW 73 ST, 70 NW 73 ST, in Miami, Florida, as more particularly described in Exhibit "A" (collectively, the "Subject Properties"); and WHEREAS, the Subject Properties are currently designated as either General Commercial or kledium Density Multifamily Residential on the City's Future Land Use Map, and are currently classified as either D I (Work Place) T5-R (Urban Center Transect Zone — Restricted) on the City's Zoning Atlas, and such that the development standards applicable under the City's Zoning Code, Ordinance No. 13114, as amended ("Miami 21 Code") create challenges for future redevelopment of the Subject Properties; and WHEREAS, on February 20, 2020, Developer, through its attorneys and with consent of Owners, filed applications with the City's Planning and Zoning Department related to proposed amendments to the future land use and zoning classifications of the Subject Properties, including an application to amend the 60065769.1 �+Bc 1k- Submitted into the public. recor for ' em(s) on city lark City's Zoning Atlas for the Subject Properties from a combination of D-1 and T5-R to T6-8-0 (the "Application"); and WHEREAS, on April 21, 2021, the Planning, Zoning and .Appeals Board under Resolution PZAB- R-21-020 voted 6 in favor and 4 against recomimending approval of the Application; and WHEREAS, on June 24, 2021, the City Commission on first reading of the ordinance, reviewed the Application, and unanimously voted affirmatively to approve the Application; and WHEREAS, on September _, 2021, on second reading, the City Commission approved the Application for amendment to the City's Zoning Atlas, as being consistent with the criteria contained in Article 7.1.2.8 of the Miami 21 Code, adopted as Ordinance No. , attached hereto and made a part hereof as Exhibit "B"; and WHEREAS, Owners desire to ensure that any future use and/or development of the Subject Properties is compatible with both the current and future conditions of the surrounding neighborhood, including maintaining consistency in the scale of future development. NOW THEREFORE, Owners, in order to assure the City that the representations made to the City will be abided by the Developer, Owners, their successors or assigns, freely, voluntarily and without duress makes the following covenants covering and running with the Land of the Subject Properties: 1. Recitals. The foregoing recitals are true and correct and incorporated herein by reference. 2. Restricted Height. Owners hereby declare that any future building improvements constructed on the Subject Properties shall be restricted to the maximum Height currently permitted under the DI transect zone, which is eight (8) Stories by Right and two (2) Stories of bonus Height for a total maximum Height of ten (10) Stories ("Restricted Height"). 3. Directed Affordable/Workforce Housing Public Benefits Payment for Bonus Height. Owner further declares that should it wish to access the aforementioned two (2) Stories of bonus Height utilizing the City's Public Benefits Program as described in Section 3.14 of Miami 21, it will do so by providing a Trust fund contribution as described in Section 3.14.4.a.3 of Miami 21. Should the City adopt legislation in the future that restricts Owner's ability to access the aforementioned two (2) Stories of bonus Height by providing a Trust fund contribution as described in Section 3. I4.4.a.3 of Miami 21, Owner may access the aforementioned two (2) Stories of bonus Height through other mechanisms available under City's Public Benefits Program as described in Section 3.14 of Miami 21. 4. Effective Date. This Declaration shall constitute a covenant running with the title to the Subject Properties and be binding upon each of the Owners, their successors, heirs, and assigns upon recordation in the Public Records of Miami -Dade County, Florida ("Effective Date"). These restrictions shall be for the benefit of, and a limitation upon, all present and future owners of the Subject Properties and for the public welfare. 5. Term of Covenant. This Declaration on the part of the Owners shall remain in full force and effect and shall be binding upon the Owners of the Subject Properties, their successors in interest and assigns for an initial period of thirty (30) years from the date this instrument is recorded in the public records and shall be automatically extended for successive periods of ten (10) years, unless modified, amended or released prior to the expiration thereof. Submitted into the p blic recor for"tern(s) on City erk 6. Inspection and Enforcement. It is understood and agreed that any official inspector of the City of Miami may have the right at any time during normal working hours to enter upon the Subject Properties for the purpose of investigating the use of the Subject Properties, and for determining whether the conditions of this Declaration and the requirements of the City's building and zoning regulations are being complied with. An action to enforce the terms and conditions of this Declaration may be brought by the City and may be by action at law or in equity against any party or person violating or attempting to violate any covenants of this Declaration or provisions of the building and zoning regulations, either to restrain violations or to recover damages. This enforcement provision shall be in addition to any other remedies available under the law. 7. Amendment, Modification, and Release. This instrument may be modified, amended, or released for any reason as to any portion of the Subject Properties by a written instrument executed by the owners of the fee -simple title to the Subject Properties to be effected by such amendment, modification, or release and the City with the approval by the City Commission at a public hearing, which public hearing shall be applied for by, and be at the expense of the owners. 8. Severability. Invalidation of any one of these covenants by judgment of Court shall not affect any of the other provisions of this Declaration, which shall remain in full force and effect. 9. Recording. This Declaration shall be filed of record among the Public Records of Miami -Dade County, Florida, by the Owners and at the cost of the Owners, within fifteen (15) days of acceptance by the City. The Owners shall submit a certified recorded copy of the Declaration to the Zoning Administrator at 444 SW 2"d Avenue, 4th Floor, Miami, Florida, 33130-1910 within thirty (30) days of recordation. [ Signature Pages Follow ] 60065769.1 REVISED DRAFT Submitted into the public recur far itern(s) 14 on City Clerk IN WITNESS WHEREOF, the Developer/Owners have set its hand and seal effective of the date first above written. LBRW, LLC By: Naive: Asbely Abess Title: Sale Manager By: Name: Matthew Vander Werff Title: Manager WITNESSES: Print Name: Print Name: STATE OF } } COUNTY OF 1 The foregoing instrument was executed, acknowledged and delivered before me this day of 24_, by , as of on behalf of the company. He/She is personally known to me or has produced as identification (Official Seal) 60065 769; 1 Nance: Notary Public, State of _ My Commission Number: My Commission Expires: Submitted into the Public + recar For 'tem(s) on City Clerk SOLE MEMBER OF 7421 NW MIAMI PLACE, LLC: BRIDGE RIVER CAPITAL, LLC By: Bridge River Manager, LLC, its Manager M. Name: Leonard Abess Title: Sale Member and Authorized Representative MANAGERS: Matthew Vander Werff BRIDGE RIVER CAPITAL, LLC By: Bridge River Manager, LLC, its Manager IN WITNESSES: Print Name. - Print Name: STATE OF COUNTY OF ) Name: Leonard Abess Title: Sole Member and Authorized Representative The foregoing instrument was executed, acknowledged and delivered before me this day of , 20_, by , as of on behalf of the company. HeiShe is personally known to me or has produced as identification? (Official Sea]) 60065769;1 Marne: Notary Public, State of _ My Commission Number: My Commission Expires: Submitted into the public recor for i em(s) r 4- on Ci Clerk tU':Lb 50 NW 73 STREET, LLC By: LBRW, LLC, its sole Member and Manager By: Name: Ashley Abess Title. Sole Member and Authorized Representative WITNESSES: Print Name: Print Natne: STATE OF } } COUNTY OF 1 The foregoing instrument was executed, acknowledged and delivered before me this day of 20_, by , as of on behalf of the company. He/She is personally known to me or has produced as identification. (Official Sea[) 60U5s 769.1 :dame: Notary Public, State of My Commission Number: My Commission Expires: Submitted into the public recur for erns) � on City Jerk COMPANY: 7441 NWM PLACE, LLC By: LBRW, LLC, its sole Member and Manager By: Name: Ashley Abess Title: Sole Member and Authorized Representative WITNESSES: Print Name: Print Name: STATE 01' } COUNTY OF ) The foregoing instrument was executed, acknowledged and delivered before me this day of 20_a by , as of on behalf of the company. He/She is personally known to me or has produced as identification} (Official Seal) 60065769:1 Name: Notary Public, State of _ My Commission Number: My Commission Expires: Submitted into the public, recur for items) on r City ierk COMPANY; 7320 N W MCT, LLC By: LBRW, LLC, its sole Member and Manager By: Name: Ashley Abess Title: Sole Member and Authorized Representative WITNESSES: Print Name: Print Name: STATE OF } COUNTY OF 1 The foregoing instrument was executed, acknowledged and delivered before me this day of , 20_, by , as of _ on behalf of the company. He1She is personally known to me or has produced as identification. (Official Seal) 60065769; I Name: Notary Public, State of _ My Commission Number: My Commission Expires: Submitted into the blic reco for--�- on City Cleric COMPANY - LITTLE RIVER. ASSEMBLAGE, LLC By: LBRW, LLC, its sole Member and Manager By: Name: Ashley Abess Title: Sole Member and Authorized Representative WITNESSES: Print Name: Print Name - STATE DE } COUNTYOF The foregoing instrument was executed, acknowledged and delivered before me this day of , 30_, by , as of on behalf of the company. He/She is personally known to me or has produced as identification. (Official Seal) 60065 769:1 Name: Notary Public, State of My Commission dumber: My Commission Expires: Submitted into the public � recar fo item(s) on City Clerk COMPANY: 7406 NW MIAMI COURT, LLC By: LBRW, LLC, its sole Member and Manager By: _ Narne Title: WITNESSES: Print Name: Print Name: STATE OF ) COUNTY OF ] : Ashley Abess Sole Member and Authorized Representative The foregoing instrument was executed, acknowledged and delivered before me this day of , `'t3_, by , as of on behalf of the company. He/She is personally known to me or has produced as identification (Official Seal) Name: Notary Public, State of My Commission Number: My Commission Expires: Submitted into the public recor fox 'tem{s}21117-� on pity CJerk APPROVED AS TO LEGAL FORM APPROVED AND CORRECTNESS: OFFICE OF THE CITY ATTORNEY PLANNING DEPARTMENT f0 60D65 769.1 R0 Printe& Exhibit "A" Leeal Descri►ation [See Attached] 60065 769;1 Submitted into the public recar for ' tem(s) on-1 — t-4� � city clerk Exhibit "B" Ordinance No.. [See Attached] 60065769.1 Submitted into the public- -A rector i a(s} �� jerk an