HomeMy WebLinkAboutR-87-1005J-87-986
10-30-87
RESOLUTION NO. 97- 005
It A RESOLUTION AUTHORIZING AND DIRECTING THE
CITY MANAGER TO EXECUTE THE ESTOPPEL
CERTIFICATE, IN SUBSTANTIALLY THE FORM
ATTACHED HERETO, FOR BAYSIDE CENTER LIMITED
PARTNERSHIP AS A REQUIREMENT OF ITS LENDER
FOR THE CLOSING OF ITS PERMANENT LOAN.
BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized and
directed to execute the Estoppel Certificate, in substantially
the form attached hereto, for Bayside Center Limited Partnership
as a requirement of its lender for the closing of its permanent
loan.
PASSED AND ADOPTED this 19th day of November , 1987.
XAVIER L. SUARE ayor
ATT
MAIM HIRAI, City Clerk
PREPARED AND APPROVED BY:
G. MIRIAM MAER
-j Assistant City Attorney
APPROVED/AS-470 FORM AND CORRECTNESS:
ii• LOW
Attorn
CITY COMMISSION
1' MEETING OF
NOV 19 1987
RESOLUTION No. S-100
_.
REMARKS:
ESTOPPEL CERTIFICATE
TO: CONNECTICUT GENERAL LIFE INSURANCE COMPANY
FROM: THE CITY OF MIAMI
PREMISES: BAYSIDE SPECIALTY CENTER
DATE:
f Gentlemen:
As an inducement to Connecticut General Life Insurance Company
("Connecticut") to* grant a mortgage loan to Bayside Center
Limited Partnership (the "Limited Partnership") pertaining to
the Bayside Specialty Center, The City of Miami ("The City")
hereby certifies to Connecticut as follows:
A. RETAIL PARCEL
1. The Bayside Specialty Center Lease
Agreement - Retail Parcel between The
City and the Limited Partnership, dated
.January 14, 1985, as amended and re-
stated by Amended and Restated Lease
Agreement dated October 15, 1985, as
modified by First Amendment dated
August 19, 1986, and as modified by
Second Amendment dated
1987, a memorandum of which lease was
recorded on October 29, 1985 under
Clerk's File Number 85R-337869 in the
Public Records of Dade County, Florida
as amended by that certain amended
Memorandum of Lease dated November
1987 and recorded on ,
1987, under Clerks File Number in
the Public Records of Dade County,
Florida (the "Retail Parcel Lease"),
has been duly authorized and executed
by us,• is in full force and effect, and
has not been modified, supplemented or
amended in any way except as set forth
in the aforesaid First and Second
Amendments.
2. The Retail Parcel Lease represents the
entire agreement between The City and
the Limited Partnership as to the pre-
mises included within the Retail Parcel
Lease, provided however, that the
Limited Partnership and The City have
entered into certain other agreements
hereinafter described as the Parking
Garage Lease, Miamarina Agreement,
Grand Prix Agreement, Finance Agree-
ment, WASA Agreement, Mooring and
Dockage Agrement and Minority Partici-
pation Agreement.
3. The Possession Date (as that term is
defined in the Retail Parcel Lease) was
November 5, 1985.
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4. The Opening Date and Rental Commence-
ment Date (as those terms are defined
in the Retail Parcel Lease) was April
8, 1987;
5. The Retail Parcel Lease terminates on
December 1, 2030, unless extended
pursuant to Section 2.1(c) of the
Retail Parcel Lease.
6. The Limited Partnership has paid all
rentals and other monies due under the
Retail Parcel Lease as of the date of
this Estoppel Certificate.
7. To the best of The City's knowledge
there are no unpaid Public Charges as
that term is defined in Section 2.6 of
the Retail Parcel Lease.
S. All conditions under the Retail Parcel
Lease to be performed by the Limited
Partnership have been satisfied and
there are no existing defenses or off-
sets which The City has against the
enforcement of the Retail Parcel Lease
by the Limited Partnership.
9. The City has paid and disbursed the sum
of Four Million and No/100ths Dollars
($4,000,000.00) for the cost of the
Tenant Allowance items as defined in
the Retail Parcel Lease.
10. The City- acknowledges and agrees -that
the development by the Limited Partner-
ship of a restaurant of approximately
15,000 square feet and the construction
of related Pier Park improvements as
more fully set forth in subparagraph
(d) of the Statement of Background and
Purpose of the Retail Parcel Lease has
not yet commenced or been completed as
of the date of this Estoppel Certifi-
cate, and the fact that such restaurant
and related Pier Park improvements are
not commenced or completed shall not be
deemed by the City as of this date to
constitute a default by the Limited
Partnership under the Retail Parcel
Lease. The City agrees that, if The
City shall at any time notify the
Limited Partnership that it is in
default of its obligation to develop
the 15,000 square foot restaurant
and/or the related Pier Park improve-
ments, such default shall not be deemed
to be caused or created by Developer
(as such term is defined in the Retail
Parcel Lease) and an Event of
Developer's Default under the Retail
Parcel Lease shall not exist as a
result of such default unless Developer
fails to commence and thereafter shall
have failed to continue diligently to
prosecute all actions necegsary to cure
such default. It is understood and
agreed by the City that the nature, of
any such default is that- it cannot be
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a
cured within sixty (60) days but the
cure must be commenced within the sixty
_
(60) day period. The City further
agrees that, in consideration for
Connecticut closing on the permanent
loan, The City will not seek as a
remedy the termination of the Retail
_
Parcel Lease in a case of an Event of
Developer's Default related to the
failure to commence or complete the
15,000 square foot restaurant and/or
the related Pier Park Improvements, but
this will in no way limit The City's
other remedies thereunder. The City
agrees that, at the request of the
Limited Partnership, with the consent
of Connecticut, The City will not un-
reasonably withhold its consent to a
modification to the Retail Parcel Lease
for development of other public or
private uses in lieu of the 15,000
_{
square foot restaurant pursuant to
Section 3.14 of the Retail Parcel
—
Lease, provided such modification does
not violate The City charter provisions
regarding the leasing of waterfront
property. The City hereby acknowledges
—i
that the floating bandstand referenced
in Section (d)(4) in the Statement of
Background and Purpose has been convert-
ed into a performance area on land next
to the Market Square and has been
®`
completed.
11. In reliance upon the letter from the
Limited Partnership dated ,
1957, the Development Costs (as defined
in the Retail Parcel Lease) are in
excess of the sum of Seventy Three
Million Dollars ($73,000,000).
12. The City acknowledges and agrees that
upon the recordation of a leasehold
mortgage in the Public Records of Dade
County, Florida from the Limited
Partnership in favor of Connecticut
encumbering the Retail Parcel Lease and
improvements thereon, that Connecticut
shall be the holder of a Leasehold
Mortgage as defined in the Retail
Parcel Lease and shall be entitled to
the rights of a Lender as set forth in
Article VI of the Retail Parcel Lease.
The City further acknowledges that
until otherwise notified in writing by
Connecticut, the address of Connecticut
for notice purposes shall be as follows:
Connecticut General Life
Insurance Company
c/o CIGNA Investments Inc.
900 Cottage Grove Road
Bloomfield, Connecticut 06002
Attn:: Real Estate Investment
Department/Asset Management
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S7-1005
With a copy to:
CIGNA Corporation
Investment Loan Department
Mortgage and Real Estate Group
900 Cottage Grove Road
Bloomfield., Connecticut 06002
13. The City acknowledges receipt of the As Built
Survey of the Retail Parcel prepared by E.R. Brownell and
Associates, Inc., dated May 8, 1987, consisting of thirteen
sheets, and acknowledges approval of the locations of the
easements as shown on the aforesaid As Built Survey.
B. PARKING GARAGE
1. The Bayside Specialty Center Lease
Agreement - Parking Garage between The
City and the Limited Partnership, dated
January 14, 1985, as modified by First
Amendment dated October 17, 1985, (the
"Parking Garage Lease"), has been duly
authorized and executed by us, is in
full force and effect, and has not been
modified, supplemented or amended in
any way except as set forth in the
aforesaid First and Second Amendments.
2. The Parking Garage Lease represents the
entire agreement between The City and
the Limited Partnership as to -the pre-
mises included within the Parking
Garage Lease, provided however, that
the Limited Partnership and The City
have entered into certain other agree-
ments described herein as the Retail
Parcel Lease, Miamarina Agreement,
Grand Prix Agreement, Finance Agree-
ment, WASA Agreement, Mooring and
Dockage Agreement and Minority Partici-
pation Agreement.
3. The Possession Date (as that term is
defined in the Parking Garage Lease)
was November 5, 1985.
4. The Opening Date and Rental Commence-
ment Date (as those terms are defined
in the Parking Garage Lease) was April
8, 1987.
5. The Parking Garage Lease terminates on
December 1, 2030, unless extended pur-
suant to Section 2.1(c) of the Parking
Garage Lease.
6. The Limited Partnership has paid all
rentals and other monies due under the
Parking Garage Lease as of the date of
this Estoppel Certificate.
— 7. To the - best of The City's knowledge
there are no unpaid Public Charges as
that term is defined in Section 2.6 of
the Parking Garage Lease.
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8. All conditions under the Parking Garage
Lease to be performed by the Limited
Partnership have been satisfied and
there are no existing defenses or off-
sets which The City has against the en-
forcement of the Parking Garage Lease
by the Limited Partnership.
9. The City acknowledges and agrees that
the inability or failure of the Limited
Partnership to construct or'to have con-
structed an off-street surface parking
lot on the Area B Surface Lot as de-
fined in the Parking Garage Lease shall
not be deemed by The City to constitute
a default by the Limited Partnership
under the Parking Garage Lease; provi-
ded, however, if after Dade County has
determined the design and location of
the new Port Boulevard Bridge it is
economically feasible for the Area B
Surface Lot to be developed then the
Limited Partnership shall be obligated
to develop the Area B Surface Lot.
10. The City acknowledges and agrees that
upon the recordation of a leasehold
mortgage in the Public Records of Dade
County, Florida from - the Limited
Partnership in favor of Connecticut
which constitutes a security interest
in the revenues of the Parking Garage
Lease, that Connecticut shall be the
holder of a Leasehold Mortgage as de-
fined in the Parking Garage_Lease and
shall be entitled to the rights of a
Lender as set forth in Article VI of
the Parking Garage Lease, subject and
subordinate to the rights of the holder
of the existing revenue bonds on the
Parking Garage Lease. The City further
acknowledges that until otherwise noti-
fied in writing by Connecticut, the
address of Connecticut for notice
purposes shall be as follows:
Connecticut General Life
Insurance Company -
c/o CIGNA Investments Inc.
900 Cottage Grove Road
Bloomfield, Connecticut 06002
Attn: Real Estate Investment
Department/Asset Management
With a copy to:
CIGNA Corporation
Investment Loan Department
Mortgage and Real Estate Group
900 Cottage Grove Road
Bloomfield, Connecticut 06002
11. The City acknowledges receipt on the As
Built Survey of the Parking Garage pre-
pared by E.R. Brownell and Associates,
Inc., dated May 8, 1987, consisting of
thirteen sheets, and acknowledges
approval of the location of the ease-
ments as shown on the aforesaid As
Built Survey.
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87-1005 `
C. MIAMARINA AGREEMENT
1. The Miamarina Agreement between The
City and the Limited Partnership dated
October 24, 1985, (the "Miamarina
Agreement"), has been duly authorized
and executed by us, is in full force
and effect, and has not been modified,
supplemented or amended -in any way,
2. The Miamarina Agreement represents the
entire agreement between The City and
the Limited Partnership as to the pre-
mises included within the Miamarina
Agreement except as modified by the
.Pier 5 Boatmen's Settlement Agreement.
3. The Limited Partnership has paid The
City the sum of $1,675,000 and the City
has repaid the Limited -Partnership such
amount, with interest, as provided in
the Miamarina Agreement.
4. All conditions under the Miamarina
Agreement to be performed by the
Limited Partnership have been satisfied
and there are no existing defenses or
offsets which The City has against the
enforcement of the Miamarina Agreement
by the Limited Partnership.
D.' GRAND PRIX AGREEMENT
1. The Agreement dated January 14, 1982,
between The City and Miami Motorsports,
Inc., as amended by Amendment to Agree-
ment dated December 31, 1984,• Supple-
mental Agreement dated January 14, 1985
involving the Limited Partnership,
Amended and Restated Grand Prix Agree-
ment dated October 16, 1985, and First
Amendment to Supplemental Agreement
dated August 19, 1986 (the "Grand Prix
Agreement")., has been duly authorized
and executed by us, is in full force
and effect, and has not been modified,
supplemented or amended in any way
except as set forth in the aforesaid
amendments.
2. The Grand Prix Agreement represents the
entire agreement between The City,
Miami Motorsports, Inc., and the
Limited Partnership as to the premises
included within the Grand Prix Agree-
ment.
3. All conditions under the Grand Prix
Agqreement to be performed by the
Limited'Partnership have been satisfied
and there are not existing defenses or
offsets which The City has against the
enforcement of the Agreement by the
Limited Partnership.
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E. FINANCING AGREEMENT,
1. The Financing Agreement between the
City and the Limited Partnership dated
as of October 1, 1985 pertaining to the
Industrial Revenue Bonds, Series 1985
(Bayside Center Limited Partnership
Project) (the "Financing Agreement"),
has been duly authorized and executed
by us, is. in full force and effect, and
has not been modified, supplemented or
amended in any way.
2. In reliance upon the Estoppel Certi-
ficate delivered by Sun Bank N.A., as
Trustee, the Limited Partnership has
paid all monies due from the Limited
Partnership under the Financing Agree-
ment as of the date of this Estoppel
Certificate, including without limi-
tation all payments due under the
Promissory Note as defined in the
Financing Agreement.
3. In reliance upon the Estoppel Certi-
ficate delivered by Sun Bank N.A., as
Trustee, all conditions under the
Financing Agreement to be performed by
the Limited Partnership have been
satisfied and there are no existing
defenses or offsets which The City has
against the enforcement of the
Financing Agreement by the Limited
Partnership.
F. MINORITY PARTICIPATION AGREEMENT
1. The Minority Participation Agreement
between the City and the Limited
Partnership dated as of January 14,
1985 as amended by First Amendment
dated October 17, 1985 (the "Minority
Participation Agreement"), has been
duly authorized and executed by us, is
in full force and effect, and has not
been modified, supplemented or amended
in any way except as set forth in the
aforesaid First Amendment.
2. The Limited Partnership has paid all
monies due under.the Minority Partici-
pation Agreement as of the date of this
Estoppel Certificate, including without
limitation all contributions due to the
Foundation as defined in the Minority
Participation Agreement.
3. All conditions under the Minority Parti-
cipation Agreement to be performed by
the Limited Partnership have been
satisfied as of the date of this
Estoppel Certificate.
G. WASA AGREEMENT
1. The Agreement for the Construction of
Water and Sanitary Sewage Facilities
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and for the Provision of Water and
Sewage Disposal Services for Bayside
Specialty Center and Parking Garage
between Metropolitan Dade County, The
City and Borrower dated January 21;
1986 (the "WASH Agreement") has been
duly authorized and executed by us, is
in full force and effect, . and has not
been modified, supplemented or amended
in any way.
2. Except for the two utility easements
previously executed pursuant to the
WASA Agreement, the WASA Agreement
represents the entire agreement between
Borrower, The city and Metropolitan
Dade County pertaining to the Water,
Sanitary Sewer and Sewage Disposal
Facilities for the Retail Parcel and
Parking Garage.
3. To the best of The City's knowledge all
conditions under the WASA Agreement to
be performed by Borrower and by The
City and by Metropolitan Dade County as
of the date of this Estoppel Certifi-
cate have been satisfied, and there are
no existing defenses or offsets which
The City has against either of the
other parties in connection with
enforcement of the WASA Agreement.
H. MOORING AND DOCKAGE AGREEMENT
1. The Mooring and Dockage Agreement
between The City, Bounty - Bayside
Joint Venture and Borrower
dated 0 1987 (the
"Mooring and Dockage Agreement") has
been duly authorized and executed by
us, is in full force and effect, and
has not been modified, supplemented or
amended in any way.
_ 2. The Mooring and Dockage Agreement repre-
sents the entire agreement between
Borrower, The City and Bounty - Bayside
Joint Venture as to the docking of the
vessel HMS Bounty.
3. To the best of The City's knowledge all
conditions under the Mooring and
Dockage. Agreement to be performed by
Borrower and by The City and by Bounty
- Bayside Joint Venture as of the date
of this Estoppel Certificate have been
satisfied, and there are no existing
defenses or offsets which The City has
against either of the other parties in
connection with enforcement of the
Mooring and dockage Agreement'.
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87-1005 /D
IN WITNESS WHEREOF, The City Commission of Miami has
caused this Estoppel Certificate to be signed in its name by
Cesar Odio, City Manager, and duly attested to by Matty Hirai,
City Clerk, on the day and year first hereinabove written.
Matty Hirai, City Clerk
APPROVED AS TO FORM AND
CORRECTNESS:
Lucia Allen Dougherty,
City Attorney
STATE OF FLORIDA )
SS:
COUNTY OF DADE )
THE CITY OF MIAMI, A
MUNICIPAL CORPORATION OF
THE STATE OF FLORIDA
By:
Cesar Odio, City Manager
SUBSCRIBED and SWORN TO before me this day
of , 1987 by CESAR ODIO, as City Manager,
and MATTY HIRAI, as City Clerk, of THE CITY OF MIAMI, a
municipal corporation of the State of Florida.
My commission expires:
JDB3/lm(24)
Notary Public
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1700 S. W. 57 AVE,
MIAMI, FLORIDA
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DADE COUNTY PLAT RESTRICTIONS: -
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k^ III It C+,/I► RC�t.AT o� t.oTs l's At1D t5, t31.OGK Z �X15TINC� M+D l uWCP. PLANTING, 4Rtr6�7, hE1RUtilS6Ki ANb �Itt� HYDtpNTs rH6RraoN , ApE HIicRtE6'(
K I vIGATEo To TH6 prrIC46TUAI. c THE (tna�lc t-ol� rRoPER ruRPr�slEs Rt:sERVIr� TO THE
too InAl' Tt�tWMA F, DS II'.ECORt� IN plA.T Mt7%CA.TORea T"Willt HCllt:''�, %C40^�r�s dl< AC¢i1GN4, Tut% hSI
owl ON oR ?-two"IONS fN61-�oF,
' _ GOcJNY7. �6ot21t�.. WKror4C I , DISGONtINuEO—
• THAT TNIW, usB aP SW'TIC TANKS 'NIL"- Nat PE r6RM1TIVO IN TNty sc1P�t71vt510N,uNl-� c.PPRo+ltac�
FOR T6MA� I t G IN ACGOICDANCS WITH COUNT1 AND '5TATI% I'�GVIATIoNs.
tIGR'Of 'MA'T 06RToltr Moi�TC�AC-� D11*7UD M�•N •'fNAT Nth INONlt7UAL WF.41f� W►td• 0i'a P6RMti`(G-0 IN 'fNly 'x)BDIV�SION EKGf�PT FflR IRRIGAtION
lldli f.6. BS+e-4"IaI'oti AND R�coRDlao IN aPFtuAI. AIR GONOiTIONING AMP OM SWIMMING► PbOI� .
�44 CMOft>i of V000 COtMT-1 PWf4DI+ �et3h T"Aq AI.L MPM V.1�'TRIG AND COMMUNICATION I.IN6s, oTH6I= THAN TRAN5M1�tON WN6h, SNt*1L
`ABC%& VpDlC.a•TtONS. � � dG INSSAt tr fl t)t1oeRGIr-0uND
APPROVALS:
N %1N, SOV% * 61 l'Cy
A.tw COPPos.-thirs
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pCA0tem,
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Mt4Mt, "WINGS 13ANK:To MEWIR.I-
W140gF0It .TtoN MA- ell Mo THp'C tT ly Ta16 t; a A�-T A►10 cE+�v
ipitr �t vo M.9iis�'ENA•vtE ��es� �ryJsi>i4f
THIS
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TIA* PLAT WAh W M60 AND 'THE aS6 vECICATtvtvy WER>i D.cUct'(Ec AWC D.°PP�Jl6D 6i
jto6 .unoR tya. :1'w &Vot'TCo thy t r-_ GITl CoMMIhyION Of MIAMI , vtDclOA,
TF119 17M OIFA.o., MP17
SAWN) SIT'( MANAGER
ATTecaT GITJ GI.IrRK
tH15 16 To CbRTIFY TkAT THIC" PLAT jokffbAR42 TO GONPORM To ALA. TN6 lt:60UIRampASTs op
C*0A>I0R " 4JF reft uT`( or MIAMI CODE A 10 CHAPTEIL tS OF I7AM COUNTI Cove,
C ANTI-1Eo THtb_L._0 cwl oFoG'aw r�p.D.,lOb'l
5lG►.�IBO
LIT'I of MIAMI PUbLAG WOrr-b as"
TK as ,TO cot*l 1"AGODI�th PLAT ApPEA�S TO CONFORM TO A4.V THC RE4UlR6�s�T5 OF GHPp16t=
t�lREc'ToR
aWStCs+a d cowl ptIe"c. WOR+cS papr.
f:,'p VOK %WcOM tNl•i pAy oI% A.D., 196'1 X( IN alcmK
,$OAV of PIA.(b, O,T PA ra OF 'THr. fulbuc. RCCvRos C* OAOG COUNT'(
pl,o-off AA THIS PLAT COMPLASS jiMA Ttal< MON15ION5 OF TRO 1•AW6 of Tka STAT6 of
I�LORIOA AND MOTRCTOWTAN CSC-00 COUNT`( FIORIDA•
4-1109K of rikl& CICWIT tour-T
0Y p6Ti CORK
i
alp Qi JRVEY0RIs IFICATION
Ul I 17 V 4 _
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7-1005
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SURVEYOR'S NOTES:
0
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Ncsl'AR`(
r9,PE/y�,PE•By .ESE?v�� f�
IN WITNESS WHEREO-F—
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-
1
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coUNTI OF Mve
T Ht�.r.0b`( CV9Ttf'1 THAT oN 1_
fee~ MC> rvo(RFA Rroe r'6o
htogEtPl t05CCAW 1 AND 14HC
eovoFr- ME THAT T Awl EnGcv
W tTNI.'sS M HAND AND OF -r-lb -_
en`t cnMMl�toN r.><pte.
N�AR�
P.R.M. mNorft F6cmANrt4T RGFBRENc.E
MorxlMF.t•1T
Po.P INGt0ATE5 PIiRMAN1ENT coNTROt. potNT
- SOA41HG5 ✓SHOWN HDRGON A96 BAsEO ON Ah1 -
A%Umtw ME1�tOlNy
-SOTS—, TNERE MA'(De ADDtrioNAL R2sTIucTIONS TµAT r
ARE NoT 9MC09DW IN TNIS PLAT, TN6`( MAIM FOUWO
tN TIAU PUbuc. wows OF TolS cwtirl • r
I
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'��,� '. M't coMMl�►C+N �><PIR�� ._� 1�1�tD
NOTA-9-1 � c. -OF $UP,
AT I�AICCaB
IN WITNESS WHEREOF:
4 MANM#O RED AP1D NOw-&. RriBoepo Hie-- wwo, HAVE =si wrim Hwves, AND THFh
� % DA b •, 1913
WITN��Z - j
"I+aftwcA
cotgpm. etHST
M�tzotorl ^90 &ZAa CO Iw
6� aocmat�l.. PZMTpcT►O14S TµAT
". IN Tbllf• pIAT, THEi "186 FOuu®
--OROS of Tµts cowri .
-,TATB OF P,=9k ss.
couNT I of mnE
I H6R65`( GOWN' : TNAT ON TNIGi t7A`( pEtcSoNAw`( o,�pEo.�p taeFoR� ME, MANvt,a
ICF� MP SOP" Rr=e cl' o VAK, W I FF- TO ME W OLt. KNOWN To pe THE �EK5oN5
V1�otM P65GRtEl0 AND WHO VyV-CUT�o TN6 f0901 0%NG tNSMUII�ENT MO ActcWO\ 50
bar_ ME THAT TIABI CA6Cumo TN6 5AM6 Vewro ( ANo 40UJRTA9t%A FcC TM WRRn*"
WITNEis M'( V1�Nt) AND OFFtGID.t. e.F THIS_�_�0►�i ��` Ax,., ► s-I
MK-( co"Kos totr wif i t<ES ad - . I� 410 -
/ I-C4 azl-�,,
NC>TAR'{ Neol►tc -A3�.J rw O ¢t, RtPA
AT LD.R.C- V /
Lot N4 Square Ft.
to.l5co
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TKV5 VNI TO cERTIPI THAT11•lt;—
to of tie cwtAT-i coop
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h1,OR10A. bt4o M6'tRoPot'11,
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t'VeJT't G<.tCRK
SURVEYOR'S CERTI
coKRecT R6fe-6se. NTd►—
Ml OMMOCT1ON , MAO TH,06=
WRTe:OI. foltgs Wgom
CHAPCIS(� tT7 PpR•T oNg ;,---
CONTINENT_
►` _'{ S41k1 HANt�i Also 5 THlS
�µf �i6A-
oNAt.1.Y ArPEA1 'GHQ SeFOF-W M6 . MAN01.d
'MB W6VL KNOWN To VW THE p>rtzSoNs
MrtEGo1NG INSTRUMWNT ANC) Ar—""LEoaff
¢jtwv6%.'( ANC -4oW `ITA9'%-`I Fo1G Tm- furl V5
fra 7 F6,b�GICA
are Ft.
r, 16CA
-T 'TOCORTIF1 'THAIS PLAT MD?0MEy TO CONF09M TO ALAI TNe RE0U1Rwmm*MTs OF cHD.Q'�8t. M Of
6ERTI'F100 TNlSs�`( OF A:C., 1967
e-AGWSO vlR.EcTOIC
c*ct9 Cott t j pt suc- WORKS over.
NO-0 FGIe RICGORO TH 15oAi CW- A .0., 19e,7 AT I N ®oca K.
QF PIA.fS. AT PAG6 of THE f3uN.lG cocomD9 OF obos c wl
FLOOMOA, THIS PLAT coMpL169 WtTN TN'E PRD"llytoNS of TNi I.AWy of The sTAT6 of
FLORIDA. AND M6TRnpoWTAN oD.or- coUtAj ` FLoRtoA,
ct or-K OF TIFF ciuu tT coUr.T
bri
VISPUT'( GtssRK
SURVEYOR'S CERTIFICATION:
Z NERCB`I c1s1I:T►Fj : THAT THE ATTAcxEo PLAT OF %%SA`( t-kG4V4TS c'gogr-!0 ►y A Tlwa PND
wcf-&4T R6 fesSEtJTATION OF: T146 L WO A9 R.Ort"TV( 5MNiB1ED AND F'tATTlO ONOCK
MY tAM-C-TION , Also THAT T46 Pr-f-MANENT ANC PERoAt4st4T
cONTr-Ot- foiNTs wROM --,WC c'>N THE Z!c pA`( op p�-rot3C?p.D., 1967 , IN ACtdGDAIJGE `Nlrw
CHAPTER'• 177 ?!XT ORE, LA.Wcr OF TILE: STATE OF FLOMP4 .
CONTINENTAL LAND SURVEYORS, INC.
by
vGs�,9 <,P z lotdK- uwD svw�'ToR 1�. 'Z"t
FL MPA,
IM
8'7-1004
P
I CITY OF MIAM1, FLORIOA
INTEROFFICE MEMORANDUM
TO: Honorable Mayor and Members
of the City Commission
N, Cesar H. Odio
FROM
City Manager 1`fo
RECOMMENDATION:
DATE: NOV 41987 "LIE:
SUBJECT: proposed Resolution Authorizing the
City Manager to Execute Bayside
Estoppel Certificate
REFERENCES: For City Commission Meeting for
November 12, 1987
ENCLOSURES: Proposed Resolution, Estoppel
Certificate
It is respectfully recommended that the City Commission adopt the
attached Resolution authorizing and directing the City Manager to
execute the Estoppel Certificate, in substantially the form attached
hereto, for Bayside Center Limited Partnership as a requirement of
its lender for the closing of its permanent loan for the Bayside
Specialty Center.
BACKGROUND:
The Department of Development recommends the attached Resolution be
adopted authorizing the execution of the Estoppel Certificate for
Bayside Center Limited Partnership. The Estoppel Certificate is
required by Connecticut General Life Insurance Company, the
permanent lender on the Bayside Specialty Center project, as a
condition to the closing of the permanent loan in December, 1987.
87--1005