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HomeMy WebLinkAboutR-95-0646J-95-803 9/ 5/ 95 RESOLUTION NO 9 R 4 5 A RESOLUTION, WITH ATTACHMENT(S), APPROVING A MODIFICATION, IN SUBSTANTIALLY THE ATTACHED FORM, TO THE PURCHASE AND SALE AGREEMENT, ENTERED INTO WITH FLORIDA POWER AND LIGHT COMPANY AND ALANDCO, INC., DATED JULY 13, 1995, FOR THE PURCHASE OF REAL PROPERTY COMMONLY KNOWN AS THE MIAMI RIVERSIDE CENTER; SAID MODIFICATION PROVIDING FOR A TESTING PROTOCOL PERTAINING TO ENVIRONMENTAL MATTERS AND FOR REIMBURSEMENT OF SELLER'S ENVIRONMENTAL TESTING COSTS UP TO A MAXIMUM OF FIFTY THOUSAND ($50,000) DOLLARS; PROVIDING FOR CERTAIN REMEDIES IN THE EVENT THAT THE PROPERTY OR ANY PORTION THEREOF IS NOT IN COMPLIANCE WITH APPLICABLE ENVIRONMENTAL STANDARDS; PROVIDING FOR A RIGHT OF FIRST OPPORTUNITY UNDER CERTAIN CONDITIONS. WHEREAS, On July 13, 1995, the City Commission adopted Resolution No. 95-527 thereby authorizing the City Manager to enter into an agreement with Florida Power & Light Company (FPL) for the purchase of certain real property on the Miami River, located at 400 Southwest 2nd Avenue, Miami, Florida, consisting of approximately 2.09 acres which have been improved by the construction of a ten story office building and a seven level parking garage containing':500 spaces, commonly known as the Miami Riverside Center, legally described as' Tract 2 of the "Riverside Plaza", according to the Plat thereof, recorded in Plat Book 139, at page 43 of the Public Records of Dade County, Florida, and with Alandco, Inc. (ALANDCO) for the purchase of adjacent real ATTACHMENT (S) - CONTAINED CITY COMMISSION MEETING OF SEP 1 4 1995 Resolution No. 95- 645 L property consisting of two tracts of approximately 1.4027 acres and 1.613.7 acres, respectively, which are vacant except for landscaping and two boat docking areas, legally described as Tracts 1 and 3 of "Riverside Plaza", according to the Plat thereof, recorded in Plat Book 139, at page 43 of the Public Records of Dade County, Florida, all three tracts hereinafter referred to collectively as the "Property"; and WHEREAS, pursuant to the aforementioned authorization the parties have entered intoa Purchase and Sale Agreement dated "Agreement") ` July 13, 1995, (the Agreement ) which includes certain provisions pertaining to buyer's environmental audit rights; and WHEREAS, the parties have now agreed to modify those provisions to provide for a test protocol which has been prepared by the city's environmental consultant and the allocation of responsibilities and liabilities for cleanup if contamination is found; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Manager is hereby authorized to execute a modification, in substantially the attached form, to the Purchase and Sale Agreement dated July 13, 1995, specifying a test protocol for the investiqation and assessment of the environmental condition of the Property and agreeing to reimburse -2- 95W 645 L the seller for thu costs of such testing (up Lo a maximum amount of $50,000) and providing for certain remedies in the event the Property is not in compliance with applicable environmental regulations, including allocation of cleanup responsibilities to the seller or the removal of the affected tract from the transaction as well as providing for a right of first opportunity with respect to a future conveyance of any such affected tract which may be removed from the transaction. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 14th September , 1995 ATTES WALTER JFAtMAN CITY CLE PREPARED,, SY ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: A./ QU/f S, III CITY ATTOMY W3 0 7 : JOB'S -3- day of --; �PaL STEP EN P. CLA , MAYOR 05- 645 MODIFICATION TO PURCHASE AGREEMENT THIS MODIFICATION TO PURCHASE AGREEMENT (hereinafter the "Modification") is made and entered into as of this day of August, 1995 by and between FLORIDA POWER AND LIGHT COMPANY, a Florida corporation ("FPL"), ALANDCO, INC., a Florida corporation ("Alandco"), Alandco is hereinafter referred to as ("Seller"), and the CITY OF MIAMI ("Buyer"). A. Seller and Buyer entered into an agreement (the "Agreement") styled "Purchase and Sale Agreement" with an Effective Date of July 13, 1995 with respect to the sale and purchase of the real property described therein. B. Buyer and Seller desire to amend certain provisions of the Agreement as more fully set forth herein. NOW THEREFORE, for and in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, each intending to be legally bound do hereby represent, warrant, covenant and agree, as follows: The parties hereby agree that the Agreement is and shall be amended as follows (unless otherwise set forth all capitalized terms shall have the meaning assigned in the Agreement): 1. Paragraph 4.C.1, 2, 3 and 4 of the Agreement are deleted and the following is substituted in its place and stead: C. Environmental Matters: 1. Testing: (a) Field Work: Seller shall cause the environmental testing and investigation described by the protocol attached hereto as Exhibit "A" (the "Test Protocol") to be performed in and upon the Alandco Property (collectively, the "Test Property"), but specifically excluding the FP&L Property. Seller shall conduct all field work of the environmental testing set forth in the Test Protocol, including the collection of soil samples, installation of wells and collection of groundwater samples, in the presence of Buyer's environmental field representative (the "Buyer's Field Representative"). Seller shall give the Buyer not less than three (3) days prior written notice specifying the date and time of any field activities, including testing scheduled 95- 645 by the Seller so that the Buyer's Field Representative can be present at the scheduled time. If, during the performance of such field activities, the Buyer's Field Representative reasonably believes that the collection, installation, sampling or any other field activity is not being conducted in compliance with the Test Protocol, then the Buyer's Field Representative shall be obligated to immediately notify the Seller's on -site environmental representative (the "Seller's Field Representative") of any claimed non-compliance (a "Field Claim") for the purposes of affording the Seller the opportunity to promptly resolve the Field Claim, as such field activity is ongoing. In the event the Field Representatives are unable to resolve the Field Claim, then the unresolved Field Claim shall be promptly presented by Seller to either 0) an independent environmental consultant mutually acceptable to both parties, or (ii) the Dade County Department of Environmental Resource Management (the "Department") or in the event the Department is discontinued or replaced, then to the successor governmental agency to the Department (the Department or the successor governmental agency thereto is herein referred to as "DERM") for a final and binding resolution of the Field Claim. In the event the arbiter of the Field Claim finds in favor of the Buyer, then the Seller shall promptly cause the appropriate field work to be performed in accordance with such finding, and the Closing Date shall be extended to a date which is twenty (20) days following the date the Test Reports respecting such field work are completed and made available for Buyer's review, inspection and examination. (b) Test Reports: As they become available, all written reports, field and laboratory notes and documents, of the results of such environmental testing and investigation, including any remediation protocols (hereinafter, the "Test Reports") shall be made available for review, inspection and examination by Buyer, but shall remain in the possession of Seller and shall not be reproduced, except as set forth below. Subject to the requirements and conditions set forth in Paragraph 4.C.1(a) above, Buyer's environmental representative shall have a period of five (5) days from its review and examination of such reports, including laboratory results, to determine whether Seller has performed such testing in strict compliance with the Test Protocol. In the event Seller does not promptly make all Test Reports available for Buyer's review, inspection and examination, as aforesaid, then Buyer, at its election, shall be permitted to extend the Closing Date to a date which is twenty (20) days following the date such Test Reports are made so available to Buyer. In the event that in the sole discretion of Buyer's Field Representative, the test results indicate that additional testing is warranted, Seller shall then install one and only one additional monitoring well at the location selected on either Tract 1 or Tract 3 by Buyer's Field Representative and collect and analyze 2 95- 645 the ground water samples therefrom in accordance with the parameters required under the applicable terms of the Test Protocol. 2. Remedies: (a) Compliance: In the event that, as a result of such investigation and testing, it is found that the Test Property complies with "DERM Standards" (as that term is hereinafter defined), then the Property shall be conveyed to Buyer in "AS IS" and "WHERE IS" condition, upon the remaining terms and conditions of this Agreement, Buyer shall be furnished with a copy of the Test Reports, and the expenses of such investigation and testing shall be paid by Buyer (or reimbursed by Buyer to Seller, as the case may be), up to a maximum of Fifty Thousand Dollars ($50,000.00) (the "Maximum Reimbursement"). The term "DERM Standards" shall mean the standards established by regulations promulgated by (i) DERM, or (ii) any other environmental governmental body (other than Buyer) having jurisdiction over the Property (including those set forth in Section 3 of the Test Protocol) pertaining to the types and amounts of any hazardous or toxic waste, substances or materials permitted to exist and remain in or upon real property and for which no remediation or removal is required. (b) Non -Compliance: In the event that, as a result of such investigation and testing, it is found that the Test Property or any portion thereof does not comply with DERM Standards, then Seller may attempt to obtain a letter from DERM indicating that the test results set forth in the Test Reports as to the non- complying portion of the Test Property do not result in required remediation (the "No Further Action Letter"). In connection with Seller's attempt to obtain a No Further Action Letter, the Buyer shall be permitted to attend and participate in Seller's meetings with DERM. (i) If Seller obtains a No Further Action Letter with respect to the Test Reports at any time prior to Closing as to all of the non- complying Test Property, then all of the Property shall be conveyed to Buyer in "AS IS" and "WHERE IS" condition, upon the remaining terms and conditions of this Agreement, and the expenses of such investigation and testing shall be paid by Buyer (or reimbursed by Buyer to Seller, as the case may be) at Closing, up to the Maximum Reimbursement. (ii) If (x) Seller has not received a written reply to its request for a No Further Action Letter as of Closing as to all or any portion of the non -complying Test Property, or (y) DERM has declined in writing to issue a No Further Action Letter prior to Closing, then Seller may elect one of the following: 3 95_ 645 L A. To perform, to the written satisfaction of DERM, the remediation prescribed by the plan for remediation contained in the Test Reports (the "Remediation Protocol") as approved by DERM as to the portion of the non -complying Test Property not covered by a No Further Action Letter (the "Affected Tract") and agree to establish at Closing an escrow fund for the anticipated cost of remediation thereof based upon the Remediation Protocol, in which case the parties shall proceed to closing on all of the Property (with all Property other than the Affected Tract being conveyed to Buyer in "AS IS" and "WHERE IS" condition, upon the remaining terms and conditions of this Agreement) and the expenses of such investigation and testing allocable to the Affected Tract so conveyed will be paid by Seller at Closing; or B. To withdraw the Affected Tract from this Agreement, in which event (x) the Purchase Price shall be decreased by an amount equal to the portion of the Purchase Price allocated to the withdrawn portion (the "Allocation Amount"), as set forth in Exhibit "B" attached hereto and incorporated herein by this reference; and (y) all of the remaining Property shall be conveyed to Buyer in "AS IS" and "WHERE IS" condition, upon the remaining terms and conditions of this Agreement, and the expenses of such investigation and testing allocable to the portion of the Property so conveyed shall be paid by Buyer (or reimbursed by Buyer to Seller, as the case may be) at Closing, up to a sum determined by a proportionate allocation of the Maximum Reimbursement to the testing and inspection work by Seller for the Property conveyed. In the event that the Seiler elects 4C.2.(b)(ii)A., Seller shall remain liable for performance of the Remediation Protocol all in accordance with the time frames established by DERM for the performance and the completion thereof. The liability of the Seller shall be limited to the performance of the Remediation Protocol all in accordance with the time frames established by DERM for the performance and the completion thereof. FPL shall have no liability with respect thereto. Buyer shall have full access to all records of Sellers concerning any Environmental Matter pertaining to an Affected Tract (including, but not limited to, the Test Reports), Remediation Protocol or MOP as hereinafter defined. Sellers will provide copies of all notices received from any governmental authority re any such Environmental Matter pertaining to an Affected Tract (including, but not limited to, the Test Reports), Remediation Protocol or MOP. In the event the Seller then fails to complete the performance of the Remediation Protocol within the time frames established by al = 645 DERM, the Seller shall then be deemed to be in default of its obligation hereunder to perform the Remediation Protocol. In the event of such a default, the Seiler shall have a period of sixty (60) days from the date of the receipt of written notice thereof from the Buyer, within which to complete the performance of the Remediation Protocol. if the Seller does not then complete the performance of the Remediation Protocol within such 60-day period, then the Buyer may then require the Seller turn over all control, supervision and management over the performance of the Remediation Protocol to the Buyer, whereupon (1) the Buyer shall then be entitled to control, supervise and manage the completion of the performance of the Remediation Protocol; (2) the escrow fund established at Closing for the anticipated cost of the remediation respecting this Affected Tract shall be immediately disbursed to the Buyer and utilized by the Buyer towards the cost of completing such remediation; (3) Seller shall be deemed to have released and forfeited any and all rights in and to such escrow fund; and (4) to the extent that the escrow funds are insufficient to then complete such remediation, Seller shall continue to remain liable for the costs of completing such remediation of the Affected Tract. Notwithstanding anything contained herein to the contrary, the Seller shall be excused for any period of delay in the performance of the Remediation Protocol when delayed, hindered or prevented from doing so by reasons of any cause beyond Seller's control. (iii) If Seller withdraws an Affected Tract pursuant to 4C.2.(b)(ii)(B), then (1) Paragraph 9 of the Contract shall be deemed amended to further require that at and upon the Clocdng of the FPI. Property, the parties shall also execute and deliver the following documents: (x) Amendment to that certain Development, Reciprocal Easement and Operating Agreement by and between Alandco, Inc. and Miami Real Estate Ventures, Inc. IV dated December 11, 1990 and recorded in Official Records Book 14826 at Page 1204, as amended by First Amendment dated August 26, 1991, recorded in Official Records Book 15343 at Page 3014 (collectively the "Declaration"), which Amendment shall serve to amend and modify the Declaration in the manner provided in 5 645 L Exhibit "C" attached hereto and made a part hereof ("Amendment to Declaration"); and (y) Memorandum of the Amendment to Declaration, in recordable form, for recordation among the Public Records of Dade County, Florida; and (2) The Buyer shall at that time establish a satisfactory escrow with Seller and Buyer's special counsel Kirkpatrick & Lockhart into which the Buyer shall deposit a sum equal to the Allocation Amount (the "Escrow Deposit"). The Escrow Deposit shall endure for a period ending on October 17, 1997, at which time same shall be disbursed to Buyer together with all interest earned thereon unless Seller has earlier served written notice ("Seller's Notice") of the exercise of its right to require the Buyer to purchase said tract pursuant to the provisions hereof, in which case the Escrow Deposit shall be disbursed to the Seller at the closing of such withdrawn Affected Tract, provided that such closing must occur no later than October 16, 1997. In the event that Seller elects 4C.2.(b)(ii)B., Buyer shall be obligated to close the purchase and sale of the Affected Tract for the Allocation Amount allocable thereto, subject to the remaining terms and conditions of this Agreement if, within two (2) years from and after Closing, Seller shall have either: (x) performed the Remediation Protocol to the written satisfaction of DERM; or (y) commenced performance of the Remediation Protocol as approved by DERM as to the Affected Tract and agreed to establish at closing of the Affected Tract an escrow fund for the anticipated cost of remediation thereof based upon the Remediation Protocol; however, as aforesaid, Seller shall be liable to fully perform the Remediation Protocol. In the event that Seller has failed to serve the Seller's Notice and neither (x) nor (y) above have occurred within the time allowed therefor, then Seller shall reimburse Buyer i01 95- 645 L for its actual third party costs incurred in conducting environmental testing, investigation and consultation not to exceed Twenty -Five Thousand Dollars ($25,000.00) with respect to the Affected Tract. (iv) If Seller withdraws an Affected Tract pursuant to Paragraph 4C.2.(b)(ii)(B) and the Affected Tract is not then transferred to the Buyer pursuant to Paragraph 4C.2.b(iii), then if at any time prior to the date which is five (5) years following the Closing on the FP&L Property, Seller desires to sell or otherwise transfer all or any portion of such Affected Tract, then Seller must first give notice thereof to Buyer (the "Sale Notice"). The Sale Notice shall offer the Affected Tract for purchase by Buyer, at a purchase price equal to the lesser of the Allocation Amount or the amount that Seller would be prepared to sell or otherwise transfer the Affected Tract to a bona fide third party. Within thirty (30) days after Buyer's receipt of the Sale Notice, Buyer shall deliver to Seller a notice of its intent to purchase the Affected Tract at the purchase price specified in the Sale Notice. Buyer's intent to purchase the Affected Tract shall be subject to (x) compliance with all applicable procedural requirements imposed upon the City of Miami, as a buyer, and (y) the approval of the City Commission. Buyer shall deliver to Seller, simultaneously with its notice of intent to purchase, a check, in an amount equal to ten (10%) percent of the purchase price ("Deposit"), to be held in escrow as the deposit for such purchase. The date of purchase of the Affected Tract by the Buyer shall be a date not less than ninety (90) days after the notice of intent to purchase. If Buyer fails to issue its intent to purchase the Affected Tract within said 30-day period, or if, after having so issued its notice of intent to purchase, Buyer shall fail to consummate said purchase by the date which is ninety (90) days after Buyer's notice of intent to purchase ("Option Expiration Date"), then at any time during the twelve (12) month period commencing on the expiration date of the aforesaid 30-day period or on the Option Expiration Date, whichever is applicable, Seller may consummate the sale or other transfer of the { Affected Tract to a third party for a purchase price which is equal to or greater than ninety (90%) percent of the purchase price set forth in the Sale Notice. In the event that Buyer, after having issued its intent to purchase pursuant to this Paragraph, shall fail to consummate said purchase within the 90-day period set forth in this Paragraph, Seller's sole remedy shall be to retain the Deposit as liquidated damages and thereupon, all rights granted under this Paragraph in favor of the Buyer shall automatically lapse and be deemed to be of no further force or effect. If Seller shall not so consummate a sale, or other transfer of the Affected Tract described in the Sale Notice for a purchase price which is equal to or greater than ninety (90%) 1 percent of the purchase price set forth in the Sale Notice within such 12-month period, Seller shall be required to comply with the provisions of this Paragraph prior to any sale or other transfer by Seller of the Affected Tract desired to be made by 7 �5- 645 Seller prior to the date which is five (5) years following the Closing on the FP&L Property. In the event that as a result of the cut into the Property for a boat slip(s), the legal description of the Property includes any lands beneath the Miami River, neither Alandco nor FPL shall under any circumstances bear any liability for cleanup of such lands and the Test Protocol shall exclude such lands. 3. Designation of Representatives: Buyer and Seller acknowledge that proper communication between Buyer and Seller, and between Buyer and any governmental authorities having jurisdiction over environmental matters, is to be an important component of the Buyer's Environmental Inspection Period. Accordingly, to facilitate such communication, the Buyer and Seller have appointed the following persons on their respective behalves to be their environmental representatives, to -wit: On behalf of the Buyer: Julie 0. Bru, Esquire Assistant City Attorney City of Miami DuPont Plaza Center, Suite 300 300 Biscayne Boulevard Way Miami, Florida 33131 Telephone (305) 579-6700 Fax (305) 579-3399 On behalf of the Seller: Dennis Stotts, Esq. (or his designee) Earl Blank Kavanaugh & Stotts 3636 One Biscayne Tower Miami, Florida 33133 Telephone (305) 358-3000 Fax (305) 358-5079 Buyer agrees that except for the environmental representative named on its behalf above, no other agent, officer, employee or the like shall have direct contact with any governmental authorities. Buyer agrees (i) to copy Seller's environmental representative with all correspondence to and from governmental authorities; and (ii) to inform Seller and Seller's environmental representative in ova-- 645 L advance of the time, place and date of any communications so that Seller's environmental representative may participate. 4. Additional Matters: Buyer acknowledges that Seller has caused ground water and soil testing to be done to the Property and the results thereof have been set forth in reports prepared by Missimer International dated April 13, 1995 (the "Report"). Based thereon the Report indicates the presence of certain hydrocarbons in the ground water under Tract 3 (the "Hydrocarbons") in concentrations exceeding the DERM standards. Alandco has addressed the issue of the Hydrocarbons with DERM and in response thereto, DERM has recommended a "monitoring only" order (a "MOP"). Notwithstanding anything contained in this Paragraph 4(C) to the contrary, Alandco shall be responsible for such monitoring as well as any remediation that DERM may require as a result thereof. Alandco's obligation to fulfill DERM's requirements with respect to the Hydrocarbons shall survive the closing contemplated by this Agreement. In no event shall the Remediation Protocol require that Alandco take any action with respect to the Hydrocarbons other than the action, if any, required by DERM. In the event that the Property is eligible for any local, state or federal program (such as the Abandoned Tank Remedial Program) which will either pay the cost of such remediation or undertake the remediation directly, then Buyer shall cooperate with Seller in having the Property admitted to such program. 5. In any event, Seller shall furnish Buyer copies of all Test Reports as to any and all Property conveyed to Buyer. 2. Section C of Paragraph 15 is deleted and replaced with the following: C. Notwithstanding the foregoing, in the event that the parties proceed to closing pursuant to Paragraphs 4.C.2.(b)(ii)(A) or 4.C.2.(b)(iii), the Seller shall remain liable for the completion of the work set forth in the Remediation Protocol. 3. The Closing Date set forth in Paragraph 7.6 is hereby changed from October 2, 1995 to October 16, 1995. 4. This Modification shall be subject to ratification by the City Commission on September 14, 1995. Notwithstanding anything herein to the contrary, the parties hereby confirm that all of the due diligence •dates under this Agreement have been extended until and through 5 p.m. EST on September 15, 1995. 0 95- 645 i 5. For purposes of this Agreement, any date falling on a Saturday, Sunday of legal holiday shall be deemed to refer to the next day which is not a Saturday, Sunday or legal holiday. IN WITNESS WHEREOF, the parties hereto have duly executed this Modification to Purchase Agreement, as of the day and year first above written. Signed, sealed and delivered in the presence of: Print: Print: Print: Print: Print: Print: FLORIDA POWER AND LIGHT, a Florida corporation By: Its: ALANDCO, INC., a Florida corporation By: Its: "BUYER" CITY OF MIAMI By: _ Name: Title: APPROVED AS TO FORM AND CORRECTNESS By A. Vuin J es III 1 City At ey 10 95- 645 EXHIBIT "A" PHASE II WORK PLAN RIVERSIDE PLAZA - TRACTS 1 AND 3 Miami, Dade County, Florida - Prepared for - City of Miami Miami, Florida - Prepared by - Law Engineering, Inc. 5845 N.W. 158th Street Miami Lakes, Florida 33014 Law Engineering Project Number 534-06071-02 September 1, 1995 09/07/96 (fec - M\fpl\06070004\egreemen.41 11 9 5 - G -.15 -TVA Lwivi i,AYY D11U11Vl;DAIOU 1U 0 (y j}, rUU4/U10 1 I LAW V d ENGINEERING AND ENVIRONMENTAL SERVICES i i fi 1 PHASE II WORK PLAN RIVERSIDE PLAZA - TRACTS 1 AND 3 Miami, Dade County, Florida ..1 - Prepared for - City of Miami Miami, Florida i - Prepared by - Law Engineering, Inc. 5845 N.W. 158th Street Miami Lakes, Florida 33014 f Law Engineering Project Number 534-06071-02 September 7, 1995 1 �— 645 I 09- MS 04:40PM FROM LAW ENGINEERING TO 5193399 P003/016 ,J IAW ENGINEERING AND ENVIRONMENTAL SERVICES September 7, 1995 City of Miami City Hall 3500 Pan American Way Miami, Florida 33133 Attention: Mr. Eduardo Rodriguez Director of the Department of Asset Management and Capital Improvements Subject: Phase 1I Work Plan +7 Riverside Plaza - Tracts 1 and 3 Miami, Dade County, Florida j Law Engineering Project Number 534-06071-02 J Dear Mr. Rodriguez: Law Engineering, Inc. (LAW) is pleased to present this Phase II Work Plan (Phase II Work Plan) for the subject site. As per our meetings with the City of Miami, we have revised our Draft '1 Work Plan, dated August 11, 1995, in an attempt to facilitate ongoing contract negotiations ! between the City of Miami, Florida Power and Light, and Alandco ("Seller"). } It is our understanding that as a result of these negotiations the parties have agreed that the Work J Plan scope will consist of a maximum of ten soil borings and up to eight monitoring wells. Accordingly, we have revised the Draft Work Plan to awommodate for this understanding and incorporate supplemental information provided to us by the Seller since submittal of the Draft Work Plan. Our services were performed in general accordance with our Professional Services Agreement between Law Engineering, Inc. and the City of Miami, dated August 10, 1995. Authorization of our services was provided by Mr. Cesar H. Odio, City Manager. Sincerely, i LAW ENGINEERING, INC. 1 San a, E.I. Eric R. Silvers, P.G. roject Engineer Principal Geologist �- RSIERS:mcp nag\534-06071.PL2 1 r %,i(�`E;IGN , . cc: Addressee (2) Fite (1) LAW ENGINEERING, INC. 5845 NX T 6BTH STREET • MIAMI LAKES, FL 33014 c (305) 826.5586 • FAX (303) 828.1799 S 15 -- l 4 5 OMe 01 YK UK CqA -mcg 19 09-07-95 04:40PM FROM LAW ENGINEERING Riverside Plata - 7iocts I and 3 low Engineering, Inc. 1 TO 5793399 TABU OF CONTENTS P004/016 September 7, 1995 Project Number 534-06071-02 1.0 PROPERTY INFORMATION ..................................... 1-1 ^� 2.0 SITE SPECIFIC ENVIRONMENTAL ASSESSMENT ................... 2-1 3.0 APPLICABLE ENVIRONMENTAL REGULATIONS .................... 3-1 ! ....... 4.0 ASSESSMENT SCOPE ,,,,,,,,,,,,,,, .4-I 4.1 UTILITY CLEARANCE ..... . . . .... . . . . . A_ 1 4.2 SAMPLING AND CHEMICAL ANALYSES... 4-1 4.3 QUALITY ASSURANCE . , . , ,......... .. ... 4.4 4.4 REPORT PREPARATION ................ . ................. 4-4 1 FIGURES proposed Sample/Test Location Plan c r 09-07-95 04:40PM FROM LAW ENGINEERING Riverside Plant • 7aacis A ark! 3 Law Engineering, Inc. TO 5793399 1.0 PROPERTY INFORMATION P005/016 September 7, 1905 Project Number 534-06071-02 The site specific information used in preparation of this work plan was providod by the City of Miami City Manager's Office. According to the Purchase and Sale Agreement between the City of Miami, Florida Power and Light Company, and Alandco (Seller) the Riverside Plaza (Property) is reported as the vacant real property situate, lying and being in the City of Miami, Dade County, Florida, commonly known as Tracts 1 and 3, consisting of two tracts of approximately 1.4 acres and 1.6 acres respectively ("Alandco Property"). Hereinafter the Alandco Property is referred to as the "Property". The real property situate, lying and being in the City of Miami, Dade County, Florida, commonly known as Tract 2 consisting of approximately 2,09 acres which has been improved by the construction of a ten story. offico building containing approximately 200,000 square feet and a seven level, five hundred space parking garage ("FPL Property") was included in the Site Specific Environmental Assessment, but is not being addressed in the testing program of this Work Plan. 1-1 � - 645 -1 - --_ ---. 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P006/016 Riverside Plaza - 7Y-aco / and 3 September 7, 1995 Law Engintering, Inc Project Number 534-06071.02 2.0 SITE SPECIFIC ENVIRONMENTAL ASSESSMENT j I LAW performed a Site Speoific Environmcntal Assessment at the subject property in an attempt to describe and identify obvious and potential sources of environmental liability associated with the current environmental condition of the property. In addition, Tract 2 was included in this assessment. In order to accomplish this task, we performed the following services: ISite Visit One of our professionals experienced in performing environmental site assessments conducted a site reconnaissance. We observed for obvious surface indications of past or present waste 1 handling or storage activities. i 1 Environmental File Review 1 As deemed appropriate by the City in accordance with the Purchase and Cale Agreement Dade County Department of Environmental Resources Management (DERM) files were reviewing for Lite silt;. Inquiries- were made with the DERM• and the Florida Department of Environmental Protection (FDEP)'s Hazardous Waste Generators list was reviewed, for information that would help evaluate the potential for past or present environmental concerns at the site. 2-1 I 09-07-95 04:40PM FROM LAW ENGINEERING Riverside Plaza - Tracts J and 3 Law Engineering, Inc. 13 F TO 5793399 P007/016 Review of Site Specific and Historical Information The following site specific and historical information was reviewed: • Documents provided by the City of Miami: September 7 1995 Project Number 534-06091-02 Correspondence to Ms. Jennifer Roden, Petroleum Remediation Section, Metropolitan Dade County Department of Environmental Resources Management. RE: Groundwater Monitoring Results/Monitoring Only Plan Alandco Property, 342 SW 2nd Avenue, Miami, Florida (UT-2059). M.I. Project F5-0144. Prepared by Missimer International, 8140 College Parkway, Suite 202, Fort Meyers, Florida 33919. , dated April 13, 1995, • Correspondence to Ms. Diana Cutt, P.O., Program Manager, Ha2ardous Waste Section, Metropolitan Dade County D.E.R.M.. Re: Tracts 1 and 3 of ALANDCO, Inc. Property, 342 SW 2nd Avenue, Miami, Florida, Prepared by Missimer International, 8140 College Parkway, Suite 202, Fort Meyers, Florida 33919. , dated April 13, 1995, • Groundwater Sampling Results For Ttic Property Located at 342 SW 2 Avenue, Miami, Florida, Prepared For: Mr. Stephen Collins, Vice President, Chief Financial Officer, Alandco. Inc.. 11770 US Highway 1 North Palm Beach, Florida 33408-8801, Prepared by ViroGroup Inc.-Missimer Division, 14750 NW Court, Suite 110. Miami Lvkrs, Florida 3301.6, dated June 1994. • Contamination Assessment Report Addendum For The Alandco Inc. Property 342 SW 2nd Avenue, Miami, Florida. Prepared by ViroGroup Inc./Missimer Division, 14750 NW Court, Suite 110, Miami Lakes, Florida 33016, dated July 1993. • Contamination Assessment Report For The Alandco Inc. Property 342 SW 2nd Avenue, Miami, Florida. Submitted to: Dade County Department of Environmental resources Management, Metro Dade Center, Suite 1310, 111 NW 1st Street, Miami Florida 33128-1971. Prepared by Missimer & Associates, 14750 NW Court, Suite 110, Miami Lakes, Florida 33016, dated December 1992. 2-2 F -1 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P008/016 1 Rivers/de Plaza - tracts i and 3 Seplember 7, 1995 Law Engineering, Ina Project Number 534-06071.02 • Soil and Groundwater Investigation For The Property Located At j SW 2nd Avenue and SW 3rd Street, Riverside Project, Dade I County, Florida. Prepared For: Peeples, Earl & Blank, P.A., One Biscayne Tower, Suite 3636, Two South Biscayne Boulevard, 'j Miami, Florida 33131. Prepared by Missimer & Associates, Inc. _j 14874 NW 77th Avenue, Suite 201, Miami Lakes, Florida 33014, dated June, 1991. • Review of selected aerial photographs of the property dating back to 1945; • Review of plat maps for the property dating back to 1925. Based upon the findings of the Site Speoific Environmental Assessment, several potential past environmental concerns were identified, The on -site concerns identified include the following: • Former underground petroleum storage tanks - Based on our DERM file review and our review of the aforementioned reports, these underground storage tanks (USTs) have bccn removed. -Several ofthe reports documented the removals and corresponding 1 assessments for several of these former USTs. However, with regards to the USTs removed in 1989 (i.e., three 4,000 gallon USTs removed from, the southern end of Tract 1 and one UST i removed from the ,tortheast corner of Tract 3), no reports documenting the removals and assessment of these former USTs were observed; • Former FPL Garage located at 230.40 S.W. 3rd Street (Tract 3); I Former Facilities located @ 418 S.W. 2nd Avenue (Tract 2) (Matheson Nursery/Miami Marine Supply) Former Possible storage tank - identified in 1921 Plat Map (Tract 1) • Former Facilities Located Q 400 N.W. 2nd Avenue (Tract 2) (Keely Marine Supply/Cohen Edgar Plastics/Dade Motor Sales) • FPL Easement (Tract 2 and 3) • Former Gulf Gas (Tract 3) • Former Facilities Located between 300-312 N. River Drive (South Dry Co./Clark Dredging Co./Florida Machine/Slip) Based upon our meeting subsequent to submittal and review of the Draft Work Plan with the City of Miami and the Seller on August 22, 1995, it is our understanding that the Seller was to provide us with documentation of the following: (1) the locations of the former underground storage 1 2-3 y 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P009/016 Rhvrralda Plaza - 71 pets 1 and 3 SeptrMba► 7, 199S Law .Engineering, Inc, Project Number S34-06071.02 i tanks removed in 1987, (2) the test locations associated with the closures of those tank, (3) test locations from the 1991 and 1995 Missimer Reports; and (4) test results or material safety data sheets indicating the PCB content of FPL transmission lines located within the on -site FPL easements. To date, we have received the following: (1) Letter dated October 19, 1989 addressed to DERM from PIECO documenting the UST removal activities in 1989 received on August 25, 1995 (2) facsimile from Dr. Bob Maliva of Missimer International on August 23, 1995 illustrating the test �{ locations for the tests described in the report dated April 13, 1995, and (3) facsimile from Mr. Steve Collins from Alandco, Inc. on August 31, 1995 documenting laboratory test results and I chain of custody of PCB analysis performed at a location entitled Railway Sub at 5 Ave/N.W. j 11 St (Transmission Line 102). j Based upon our review of this information, we note the following: (1) The letter dated October 19, 1989 does not provide the locations of former USTs or a scaled drawing illustrating the 1 locations of the monitoring wells, (2) the facsimile received on August 23, 1995 provided us with J the test locations allowing us to modify our testhig scope described in the Work Plan, and (3) the 1 ' facsimilo received- on- August 31, 1995 does not provide us with reasonable assurance that these 71 analytical results were representative of the PCB content of the cooling oils in the transmission lines in the M.easements located on the -subject site. J A 4 2-4 J 957 645 H-U'1-yU U414UPM FROM LAW ENGINEERING TO 5793399 P010/016 RJverside Pima - 71•aetr 1 ttnd 3 September 7, 1995 Law Engineering, 11Tc. Project Number 534-06071.02 3.0 APPLICABLE ENVIRONMENTAL REGULATIONS This section lists environmental regulations and guidance documents identified as possibly having relevance to the potential environmental conditions at the site. Once the Phase II data is compiled, the following and documents will be referred to as applicable to evaluate environmental conditions of the property, +r3 : :4Yt•' .`"C':.ti:::: ," r'1' t.i.'Y"i :, f:21 !.:•$ i::y';•}:i :r:: <, ,i:�:<': i ii}:£Fuo'si,, :.}:ii:...« • S•: "}. , ,;t:.yn•::.rT.:..> !�:' },. ,.L'!>.. .}•`r•'ik�'•c';ifiM•;i •:. t<?k••, t:.r ,. n,•e sn}:` :ii, ��,.. ,yt, •prrr +m'`:`,;.•:o-''�w. .r' <,f„i.i •:,kr.rfiaa._K;•;�i; -�Ji1�3'`.', '� :t,:' Lr�k`A'!Y�?,f:�, �..77t.'• ;f�ISFLt��Vff1C,1��: ar?..�3>i.•>+,r;aY.v,,:t:..:i,�!�?i�i:i•;,.}aBi...l3..r.�. ..:, ..,..t„e..^.....,.,aa>.siil...o..,:.>n,:a:'<; :i .,,:.r •>r:•r.....: �.:.>...: ..:.: .,.,.;.t�.Y� r "t r. .:6, .i'::d:i:::"..'1::'.<;i.'•i:;;:.;:::: ii:r'�ibi.^,i,: :.r.;., W. •1 i aiti .kr.. .i .i ^,i.•. ^.t>i':i"" 'Ci `.'�:cs,iS7e xaesxi x Y` .hit >t .r.y.;': :r.r,• M•<q>n:'i ., y, .. Y�k•i: .i,l •rr:d , <i wart?``• •^i�.�.i..::: r< �?is:i."r�:�:':;`•::,;:..;s.,;t�;:i arY �,^•.� i<ir�x.,.:!�., r �',. ,.<P .>..,.,,..i,;::.,r's :.:�,«„x<.;ix.:.,rr .��;•>::<•:„:::;..r.,.+, : •ia:,,x.<.... i.i++i.: :••:,ri e:i5..:s ,w.+:i a. T •.[vr,�*•?' <.>: :. .. }. •t.,tir . t w''.SnR. :o. i ..v+<.. 5 •r•..nr,o Y. ... ,.:.:.:., "tt', ' �n'. ::#:Er3i:•,`•iiG ,i'r'�:rn 'Litre .�, ••�1fC LiE DERM •• DERM Soil Criteria DERM 24-11 ' •1'raltibitions Against Water Pollution DERM 24-12,2 Regulation of Underground Storage Tank Facilities FDEP -- Pollumi,, Storage Tank Closure Assessment Requirements (April 1992} FDRP -• Guidelines for Assessment and Remedintion of Petroleum Contaminated Soil (May 1994) FDEP — Florida Groundwater Guidance Concentrations FDEP FAC 62.3 Water Quality Standards FDEP FAC 62-520 Ground Water Classes, Standards and Exemptions FDEP PAC 62-550 Drinking Water Standards, Monitoring and Reporting FDEP FAC 62-761 Underground Storage Tank Systems FDEP FAC 62-770 Petroleum Contamination Site Cleanup Criteria EPA 40CFR 761 Toxic Substance Control Act EPA 40CFR 261.270 Resource Conservation and Recovery Act • Otlicr regulation may be included as warranted by slte-specific conditions NOTES: DERM . Dade County Department of Environmental Resources Management FDEP = Florida Department of Environmental Protection FAC = Florida Administrative Code EPA United States Environmental Protection Agency CFR a Code of Federal Regulation 3-1 l.J 5 r 645 09-07-95 04:40PM FROM LAW ENGINEERING 1 Riverside Plana - Tracts I and 3 Law Engineering. Inc, a J 7 1 J J J 7 J TO 5793399 4.0 ASSESSMENT SCOPE P011/016 September 7, 1.095 Project Number 534-06071-02 The City of Miami shall be notified in writing at least three business days prior to implomentation of the approved Phase II Work Plan or related activities. Notification, via facsimile, shall also be provided to the City's environmental representative, Law Engineering, Inc., at least three business days prior to initiating the field activities. Based on our understanding of site conditions and the needs of the City of Miami, the following tasks shall be implemented to help assess the environmental conditions at the site. 4,1 UTELrf'Y CLEARANCE Prior to drilling activities, an underground utility clearance shall be performed. The proposed soil boring and/or monitoring well locations, illustrated on the attached Proposed Soil Boring/Monitoring Well Plan, shall be adjusted appropriately should utilities conflict with these locations. 4.2 SAMPLING AND CHEMJCAL ANALYSES The following Tables 1, 2 and 3 outline the drilling, sampling and testing protocol for this project. --These-tables separated according to on -site concerns within Tract 1, and Tract 3, outline the individual identified on -site concerns; the type of potential contaminant, the analytical parameters and methods to be evaluated, and recommended soil and groundwater sample collection locations. These sampling locations are depicted on the attached Proposed Soil Boring/Monitoring Well Location Plan included. 4-1 95-- 645 -J 1fi . "i LJ k ...,. L.J L`.._j L.6I Lug 1 9 Li i.._J _._. ._-._I Riverside Plaza - Tracrs I and 3 Law Engimeering, Inc. Seplember 1, 1995 Ptged Number 534-06071-02 Work Plan VAC* T = PRUPC)SfiG 51111�LLQG AlIA 1�SiITiC PROGA�M FOA T$AC7 1 ' ::'... Cotrapohdia� . cenepondihrR No. or ;S'a'mpk, Dtptti.isiEeivil :,Coaaan . • .. 'Pateioti�J:,Coeolrol •.. :.$ni('Bciia ,�lion$uru i }` '�k1f<• '.:.�fed,�4!�.�. • • ' . . t,udtiob ' H�dl We-:_ Fom►er USTs (Rahmvcd 1989) Gasolirte, Diesd cad SB-! end 2 - Soil 2 SoiUOro uidWaaa EPA 8D2D end Lethd Warace 8100 Fosmer FaclliVft IocaYd ® 418 S.W. 2nd Avenue SON", SB) and 4 MW-5 ww Sod 2 1.5 to 3 EPA 9010. BD80 (Madusm Nursary/Miemi Marine l'lrglnwdng) PesticidalF{erbicida. MW-7 and Total 8 RCRA Pcuolehan and.Metals Metals CnoundwaW 2 EPA 624, 625, 60k end Total 8 RCRA Metals Forma Facilities lo=W ® 422 S.W. 2Fd Anenoe Solvmts, SB-5 MW-6 GFowwNn:a I - FBA 624, 625, 608, (Mcwood Nursery/Alooso Mwb-,dRyder Yachts) PesdddesAiabicides, and Total 8 RCAA Pcueleurn and Meals Mews Sod 1 1.5 ID 3 ErA ®D10. ENO and Total 8 RCRA Metals Proimaed Construct;,= Lead• SB-3, 4 cad 5 - Soil 3 ow 1.5 Total Lead FomFa Pbwibk UST Peadeum - MW-7 Groundwatn I - FBA 624 and 625 Pmpared by- Mt, Ramlho Santana Checked by: Ms. Nadu A. Gw fn 4-2 --j Y RimnWe Pram -tracts 1 and 3 Law Engineering, Inc. September 1, 1995 Project Nrmaber 534-W71-02 Work Pkn TA91;B 2 - PROPo6BD SAIHPT,ITtG AND TF9.MC PROC-WM FOR T1 ACT ! Caotaero 7..: • PotmttaT ' Coarerw : Cgirdp►ltiliPe Steil io?ivt Corrrspoadlieg bitinitoring 14di Saop♦1'.r. ltlifria Net of Suepk Depth 4'tiervil' ([red.DeioiY'>': Teat Method • ' . .I eritfoa: - CAnfleo. Catlec8ot • Leisitdoai fond rtiiface Former USTh (tamed 1989) Guoline and - MW-I Groundwata 1 - TPA 624 and 625 Diesel Fomsa FPL (Garage) Petrok%m SB-7,M and MW-1,2,3, and Soil 4 1.5 W 3 EPA 8010, 8080 Solvents, 10 EM4WB aW Total 8 RCRA Metah and Metals PCBs Groundwater 4 - EPA 608. 624, 625 and 8 RCRA Masts EMW-I and 4 GrovWwa W 2 - EPA 609 Proposed Coastnrc6on lead SB-7,8 and 9 - soil 3 0 to 1.5 TOW Lad Fomw Faeitities T. eMW bot%em 300.312 N. River Drive ParDlam - MW4 Growdwareu t - EPA 624, 625, (South Dry CoJCiwk DrcMng CoJFW* MsdinelShp) Solve= 350.1 and Total 8 and Medals RCRA Metals Forma 011 Company of Florida (m-tmrnFrsph macddrrcs) Moab, SB•6 - Scil 1 SOW EPA 624, 625 and DeSois Groundwaty Total 8 RCRA Petroleum Intarfnce Metals and Solvents FPL Fiserrtenl PCQs SI3-6.9 and 10 MW-3, FMW-8 and soil 3 LS to 3 EPA 9000 ERSW-B Groendwaws 1 - EPA 601 Prepared by: Mr. Rarnh Santana Ciaked by: Ms. Nadu A. Guerfn NOTES: • All soils tetrieved from soi' borings or monitoring well installslions shall be vistally classified, observed for staining and odors, and screened for volatile organics in the field • All mani;oring wells shall be constructed in accordance with the DERM Typical Monitoring Well Detail. • We note that the test locators may be used to evaluate multiple conoems. 4-3 -A 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P014/016 Riverside Plaza - Ivaco 1 and 3 September 7, 1993 law ftineering, Inc. Project Number 534-06071-02 In the event that at the sole discretion of City's environmental representative, the soil boring test results jindicate that additional testing is warranted, an additional monitoring well shall be installed at a location selected by the City's environmental representative, and groundwater samples shall be collected and analyzed for parameters requested by City's environmental representative. 4.3 QUALITY ASSURANCE The soil and groundwator sample collection procedures and laboratory analysis shall be performed in accordance with an FDEP-approved Comprehensive Quality Assurance Plan, Groundwater monitoring wells shall be installed by a State of Florida Licensed Water Well Contractor. 4.4 REPORT PREPARATION Upon completion of the field activities, laboratory analysis and data compilation, a report shall be prepared by Sellers environmental representative, The report shall include a description of field and 1 iahnratory procedures, field observations, soil screening results, :analytical results, compiled supporter relevant information, data comparison to applicable regulations/standards, and evaluations/recommendations. Furthermore, the report shall include a preliminary opinion of cost based on the findings. Copies of laboratory reports, chain of custody records, boring logs and monitoring well completion logs shall also be included in the Report. 7 J l 4-4 95- 645 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P015/016 'vl •t" �.1r�'.1 'i'.� its, : :� � ' •';; , :'��� • ' � , .. ,:' ,, .: �� ' � '- .' �%C�'Y.•; '1 i :: .. ; ' ,;;': Prcjecc Nwnbei, S3�•O601 '• .fir . •• •'r •� i^ ,.)• ..••� ' lit • ; Proposed': Soil Boriipg/1Vdorii II i:ocation :Plan torieag:'VVe r y.r av AM .40Ns....Mft� ws w. .rr®► wow.. ; s- tme wws, � .ems .® AMNe+r® sue- ter► AM ...w The Information Management Company 6954 N.W. 12 STREET, MIAMI, FLORIDA 33126 305-477-9149 •800-287-4799 • FAX 305-477-7526 condition FC 017 09-07-95 04:40PM FROM LAW ENGINEERING TO 5793399 P016/016 Southwest 3rd Street v ♦ of wW-s as-� • n,e Cross TRACT 3 sae Eqw-e �� A S' c\ Line Lortaecapinq 19 Planter d� eA-i Polkinq Goroge \conceals Tita �IMr-e� ¢ ®1 Landscaping TRACT 2 °^oseomn y,6 004inq -`- —'- "— —I— — Trost Lne Bodn Concrete Pavement tns-S Concrete Oock ♦ U.s sD-e • Grace A MW.f to O U-a TRACT 1 C SA-11411 y A m 3 C LEGEND: iO O Proposed Monitoring Wed Lo°albn ♦ Proposed Soh Boring Loaouan Eddlnq woMter(nq Wan Laeatlon L°aotlona of UAtinq Welts to be Veritled in the Mid APPAX GRAPHIC SCALE RAterence: A.R. Yoveeoint B Associates, Inc. q �p i trek . eo n. APROX. SCALE: Meth DRAWN BY: ME RIVERSIDE PROJECT CHECKED BY; R.S. LAW ENGINEERING, INC. PROPOSED SOIL BORINGS and M1AM1, FLORIDA ENGINEERING AND ENVIRONMENTAL SERVICES MONITORING WELL LOCATION PLAN PROJECT No. 5]A_11R07t-02 95- 645 EXHIBIT "B" Schedule of Values Tract 1: $1,890,000.00 Tract 3: $1,640,000.00 09/07/95 (fec • \RE\fpl\06070004\agreemen. 4) 12 v5-- 645 __j EXHIBIT "C" Schedule of amendments to Declaration 09/07/95 (fec - \RE\fpl\06070004\agreemen.4) 13 95- 645 __j Exhibit "C" Schedule of Amendments to be Made to Declaration A. Withdrawal of Tract3 only as an "Affected Tract": In the event that Tract 3 is the only Tract not conveyed to the City, except for the Land Use Allocations set forth in Sections 2.1 and 2.5 of the Declaration, the remainder of the Declaration will be terminated. The Access, Utility and Construction Easement will remain in full force and effect. B. Withdrawal of Tract 1 as an "Affected Tract": In the event that Tract 1 is not conveyed to the City the Declaration will be amended and restated to incorporate the terms and concepts outlined below. Reference to section and article numbers in the outline refer to the text of the Declaration. The Access, Utility and Construction Easement will remain in full force and effect. Recitations: The recitations to the Declaration will reflect that (a) the Developer completed all of the construction contemplated by the Declaration and thereafter sold Tract 2 to Florida Power & Light Company ("FPL"); (b) simultaneously with the execution of the Amendment to Declaration, FPL is conveying Tract 2 to the City and Alandco is retaining title to Tract 1 [The ownership of Tract 3 shall also be described]; and (c) all references to the Developer shall thereafter refer to the City and its successors and assigns and all references to Alandco shall include its successors and assigns. I. Definitions: 1.1 Unchanged 1.2 11FPL Plaza" shall be redefined as ["City Plaza"] and shall describe the same as it has been constructed. 1.3 "FPL Project" shall be redefined as "City Property" and shall mean the City Plaza, the Parking Garage and associated improvements now constructed on Tract 2. 1.4 Site Plan - last amended April 27, 1991. 1.5 Maintenance of applicable portions of the Riverwalk shall be performed by the property owner whose Tract is appurtenant to such portion. 09/07/95 (fec - \RS\!p1\06070004\a-ade2.amd) Page 1 of 6 Pages 95_ 645 1.6 Parking Garage - will reflect that it has been construct- ed on Tract 2. 1.7 Unchanged. 1.6 Unchanged. 1.9 Unchanged. 1.10 To be thereafter known as the "City Tract". 1.11 Unchanged [unless conveyed to City) II. Land Use: 2.1 Unchanged 2.2 Will reflect that all improvements have been made. 2.3 Reference to Purchase option will be deleted. City will not covenant to assist Alandco in obtaining zoning or other approvals. 2.4 Unchanged 2.5 Unchanged III. Delete. Alandco will provide an estoppel to the City acknowledging that the City has no construction obligations and that no defaults or violations can be asserted by Alandco with respect the original development obligations of the Developer. f IV. Deleted. V. Parking Garage: 5.1 Will reflect that a 7 level, 500 space Parking Garage has been constructed and until such time as Alandco expands the Parking Garage, it shall be operated and maintained by the City for its exclusive use. 5.2 Expansion - unchanged, except that: (i) prior to expansion, the parties shall enter into a 99-year "air rights" lease and the rent for such air rights shall (a) be determined by the average of the rental figures arrived at by the City's appraiser and Alandco's appraiser and (b) commence upon commencement of the expansion; 09/07/95 (tee - \R8\2p1\06070004\ex-cde2.amd) Page 2 Of 6 Pages 95- 645 (ii) prior to expansion, Alandco shall provide the City with the use of the same number of parking spaces that the City will be deprived of in the Parking Garage during the construction of the expansion. The parking spaces will be located on Alandco or FPL Property in the same neighborhood; (iii) Alandco's indemnity for tenant relocation will include the City's (i.e. the user's) relocation, it necessary; and (iv) after expansion the original parking will be available for the City and the expansion parking will be available for Tract 1. 5.3 Operation After Expansion• -unchanged, except that: (i) the City shall use for its exclusive purposes, the f irst 7 floors and Alandco shall use the expansion spaces only (except that to the extent Alandco needs lower level spaces to comply with ADA or other handicapped parking or disability requirements, the City and Alandco will swap the requisite number of spaces); (ii) there will be no income sharing, (except to the extent charged directly by the City or Alandco to its respective tenant pursuant to a separate office lease agreement); (iii) all costs and expenses associated with the operation, maintenance and repair of the Parking Garage after expansion shall be shared on a pro rats basis - except to the extent that such cost is for a repair situated wholly on one party's portion of the garage and not associated with the common use of the Parking Garage in which case that party shall bear the cost. Ramp repairs will always be pro rata; and (iv) the City shall not be obligated to restore the parking Garage in the event it is destroyed by casualty. 5.4 Management and control of the Parking Garage; (i) unchanged, except that subject to Alandco's right to expand and then utilize the expansion spaces and further subject to Alandco's obligation to contribute to cost and expenses on a pro rata basis after expansion, the City shall have the exclusive control, authority and responsibility for the management, opera- tion, maintenance, improvement and repair of the Parking Garage commensurate with the standards the City meets in the operation of its other properties; and (ii) the right to lien each other's Tracts will be deleted. 5.5 Delete. 5.6 Unchanged. 09/0'7/95 (fee - \RE\Eyl\06070004\eY-ede2.aM) Page 3 of 6 Pages 05- 645 5.7 Estoppel from Alandco will certify that no rules or regulations are currently in effect. City will have the right to adopt and formulate reasonable rules and regulations to be uniformly applied and enforced. 5.8 Delete (option has terminated). VI. Unchanged. VII. Delete and replace to provide as follows: (i) Each party shall maintain its tract and improvements thereon in a reasonable manner - the standard of maintenance adhered to by the City on its other'properties will apply here. (ii) In the event of destruction, no rebuilding required but any debris shall be removed and the Tract shall be sodded and main- tained by the owner thereof. (iii) Easements will not be effected by destruction and will remain in effect. VIII. The transfer of the Development Rights, if any, to Alandco shall be effectuated at or before Closing, provided however that if the City acquires Tract 3, the portion of Development Rights attributable to Tract 3 shall be retained by the City. IX. 9.1 Unchanged. 9.2 Confirm access easements . 9.3 Unchanged. 9.4 Unchanged. 9.5 Unchanged. 9.6 Unchanged. 9.7 Unchanged. 9.8 Unchanged. X. Indemnity: 10.1 Delete. 10.2 Unchanged. 10.3 Delete. XI. Unchanged. 00/0119S (£ec - \RE\fp1\06010004\ex-cde2,amd) Page 4 of 6 Pages 95_ 645 I XII. Unchanged, except that the curative period shall be changed to forty (4 5 ) days. XIII. Unchanged, except to provide that the City's liability shall be limited to its failure to comply with the terms of the Amendment to Declaration and shall further be in accordance with Sec. 13, Article X, Florida State Constitution and subject to the provisions and limitations of Sec. 768.28, F.S. (1993). XIV. Unchanged, except that the second, third, sixth, seventh and eighth sentences shall be deleted. XV. 1.5.1 Delete - both parties shall have the right to self insure. 15.2 Liability Insurance - Delete, except that commencing with construction of the expansion, Alandco shall carry "Builder's Risk All Risk" insurance, and after the expansion, shall carry liability insurance for its use of the Parking Garage. 15.3 Conform to the amended terms of Article XV. 15.4 Unchanged. 15.5 Unchanged, except that "either party" shall be amended to refer to Alandco only. XVI. Real Estate Taxes: 16.1 Obligation to pay taxes will provide that the City is exempt from taxation and to the extent that Alandco's expansion of the Parking Garage causes real estate tax liability for Tract 2, Alandco will pay such taxes. In the event that the City conveys its property to a nonexempt grantee, such grantee shall pay its pro rata share of taxes. 16.2 Unchanged. 16.3 Unchanged. XVII. Liens; Unchanged. XVIII. Notices: Revise to reflect current addresses of parties. XIX. Unchanged. XX. Unchanged. XXI. Unchanged. XXII. Unchanged. 09/01/96 (fec - \Rg\2P1\06070004\ex-cde2.emd) Page 5 of 6 Pages 95- 645 XXIII. Unchanged. XXIV. The Declaration, as amended, shall remain in full force and effect until December 11, 2015, if Alandco has not commenced the Parking Garage expansion prior to that date. In the event that Alandco has commenced the expansion prior to December 11, 2015, the Agreement shall remain in effect for the term of the 99 year air rights lease. XXV. Unchanged. XXVT. Unchanged. XXVII. Unchanged. XXVIII. Unchanged. XXIX. Unchanged. XXX. Unchanged. XXXI. Unchanged. XXXII. Unchanged. Hi\LIBRARY\RE\PPL\06070004\EX-C•DBC.AMD 09/07/95 (fec - \RE\9P1\06070004\ex-cde2.amd) Page 6 of 6 Pages 95- 645 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO : The Honorable Mayor and Members of the City Commission FROM : Cc Ci ger RECOMMENDATION 0`1 _ EV DATE : September 6, 1995 FILE : SUBJECT AMENDMENT TO RESOLUTION NO. REFERENCES: 95-527 ENCLOSURES: It is respectfully recommended that the City Commission approve the attached Resolution modifying the Purchase and Sale Agreement entered into with Florida Power and Light Company and Alandco, Inc., on July 13, 1995. On July 13, 1995, the City Commission adopted Resolution No. 95-527 thereby authorizing the City Manager to enter into an agreement with Florida Power & Light Company for the purchase of certain real property on the Miami River (Property). As a modification to the agreement, the parties have agreed to a test protocol for purposes of investigating and assessing the environmental conditions of the Property and certain remedies in the event that the test results indicate that the Property is not in compliance with applicable environmental regulations. This modification specifies the test protocol for the Property and provides for the City to reimburse the seller for the costs of such testing (up to a maximum amount of $50,000) if the Property is found in compliance with applicable environmental regulations and providing for certain remedies in the event the Property is not in compliance with applicable environmental regulations, including the removal of the affected portion of the Property from the sales transaction as well as providing for a right of first refusal with respect to a future conveyance of any such affected portion of the Property which may be removed from the sale transaction. 95- 645 J-95-743 8/22/95 RESOLUTION NO. 9 5- 646 A RESOLUTION APPROVING AN EXPENDITURE, IN THE AMOUNT OF $130,000, FOR THE CONSTRUCTION OF CENTENNIAL PLAZA IN BAYFRONT PARK; ALLOCATING FUNDS THEREFOR FROM THE FY 1994-1995 CAPITAL IMPROVEMENT PROGRAM. WHEREAS, the Bayfront Park Management Trust has managed Bayfront Park with the goal of ensuring maximum community involvement; and WHEREAS, 1996 marks the 100th Anniversary of the founding of the City of Miami; and WHEREAS, these funds would be used to construct the Centennial Plaza, into which the Centennial Committee's Named Brick Program will be placed; and WHEREAS, this Plaza will commemorate in perpetuity the great strides made by the City in its first 100 years; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. An expenditure, in the amount of $130,000, for the construction of Centennial Plaza in Bayfront Park is CITY COMMISSION MEETING OF SEP 1 4 N95 Resolution No, 95- 646 hereby approved, with funds therefor hereby allocated from the FY 1994-1995 Capital Improvement Program. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 14th day of September 1995. STEVHEN P. CLA K, MAYOR ATTE T: _ WALTER EMAN, CITY CLERK CAPTT T OVE NTS REVIEW: EDUARDO RODR UEZ IRECTOR ASSET AGE ENT AND CAPITAL IMPROVEMENTS FINANCIAL AND BUDV.ETARY REVIEW: MANOHAR S. SURANA ASSISTANT CITY MANA XXE PREPARED AND APPROVED BY: 0. r. MIRIAM MAER CHIEF ASSISTANT CITY ATTORNEY W285:csk:GMM 2- APPROVED AS TO FORM AND CORRECTNESS: A. FTTICITS AY 95- 61"16 ftr& To: Hanorabla Mayor and Members of City Commission From: Cos io Cit ger RECOMM NDAT-101 t subject: construction of Centennial Plaza in Bayfront park Far city Commission Meeting of 9/14/95 It is raspActfully raeommendod that the city Commission fund the construction of the Centennial Plaza in Bayfront Park from the Capital Improvement Program, in an amount not to exceed $130,000. As you are aware, 1996 marks the 100th,Anniveroary of the founding of the City of Miami. In this Centennial Year there will be many projects acknowledging the great strides our city has made in its first 100 years. The csntenniai Plaza has been designated as the site of the Centennial Committee's seamed brick program and will serve as a commemorative locution for all of Miami's residatiLs and visitors. Attatohments: resolution 95- 646