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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. i t; i 87 -1QOJr 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 -2- 87-soos '/ 1 1 1 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 -3- 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. ,_4- s7-ians� 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. -5- 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. -6- 14r-Moos F 1 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 -7- A7-inos 9 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'. -8- 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 -9- 13 7-1005 owv ucitaurc r-%DAVPC z y�hA eotT►OR of SEc- N Mr. VA S. fZGr--. 91 V- LOCATION SKETCH ti `.?,�o�♦ �i SCALF+ ip 300� �dpc�, 42 ITO ros z ze eoff 40 OP Ile tv V1 4p LAI k4� ao It to rp FV toN c7r MON. SKETCH rAJ .0cy. -,Woo epL 0fl014. 001 00 006 OF 0 42 v ts 0 A RESUBDIVISION OF LOTS 13 AND Z BLOCK 9 IN SECTION 14, TOWNSHIP 54 SOUTH RANGE 41 E CONTINENTAL LAND 1700 S. W. 57 AVE, MIAMI, FLORIDA TEL. No. 262 LEGAL DESCRIPTION: KttOW p7t, MCN eri Too* AADDt Gs lb. "r %0.RTGAGE' OOV A\A, MOA V( K Aop r-t6ov t' IN WITNESS WHEREOF: G.W., A06 "MIA I S VI X/ AT ACKNOWLEDGEMENT: S10:w 011 vlk4r-%ml G19,, vtVl- - OtA 1"* ("b, r. axlw, ANa KNOWN mo THAT TIAW1 "i pt%"ON490) CIO No coffilm tOR ry 'A" 0, IN WITNESS WHEREOF: A"D/ NO&�- ,Ntit'r WIN kri CuuNti or i A GROVES BLOCK 2 "FIRST ADDITION TO BAY HEIGHTS (PB. 53 P. 30) ME 41 EAST,, CITY OF MIAMI , DADE COUNTY, FLORIDA. � < z su%tlt IN Ft�T sc us ilia via ti �O iK i0 to 10 4�t CONTINENTAL: LAND SURVEYORS, INC. 1700 S. W. 57 AVENUE U 2 1 x: MIAMI , FLORIDA 33155TE I 0 TEL. No. 262 -1925 LEGAL DESCRIPTION: Mow *04 en r THAT MMmc2 R"ofo ANC htoRo. gobo--c t•Ilri, WIFI✓ NAVE GAtlSrda To 00 MAPrs TW A.TT4" '0 CtiAT ONTtTt,= 0 OKI ; 9014HT5 Gtt rot,% Tw- t wr- 6E lt•IG A 90f L AT of t.0'(5 l3 1WD Z5,1>1-o 1 F. of r MST At7 MON TO GAY Ta TN8 M AI Tt;RRASOF, AS, 9000� 114 PA'C ernts 5'3 AT P,a�,B So o f -TooQveuc R qF aAoe coUNt Y , � toRtn�• n�1 _ MORTGAGE: A IWoW Aw. Mt3N /sT TtHFl�ta ��rtTs il' �` rtHAT MIAMI yAVlftCfaeWK Too d1' wA c+NP mowpv-R 'MAT ougTA1N Nk��TC7Af� GAit%D Mf+�t1 f Z�1, 19D�i ANP FILOP AfKIL 1, 1995 UNtPer- G.VZVKri Fltr-- t,6. Bsv--9'4GYvo AND RVLuRpraD !N c7ff,c.iAl. $ tzEco�cn ecblG t24Co1 AT Pam"- ?f}9C�p or THE FjeA-iG escoROS of vAce co AT-(, FbORtOA ; pewo IAr-9t�H`t Got:`-Vtq TO TNty t O.r WO ,WISS, IN 1140 A cwW t Dtev.TwK�. h tih�� IN WITNESS WHEREOF: 1►/ $ \ �. LAID MIAMI t-ANW�6 SMY,,V%C GAU e0 THt:sE fPF, S �o 5 K�t� 1N iSh BONA+-f 8'f tT5 r we'loar1T my AS TOO t3'l Tom, 7. �0 Q T�YT AND tTy �FoR.ATE 'k, IWN- To 00 AF f1K00 FWgOONTO T W,,,t p-1 "MIA I SAVINGS BANK" r ESIDRNT �sc��p�► ACKNOWLEDGEMENT: � n OF MM sue. OtJ T DD.`( 1ZSOKAW. ApM-AKGD t36FOR PULA � Y Arlt. AY I�;B .......... • r '1 s10 1 t l" LOTS 13 AND TOWNSHIP 54 SOUTH 7.xF'.hZt..d IV rr ti 6 mv,-F B'( CV11-Ofl . CHAT HW7 !� A�oRtZ6D TD AOM►N1�1'cR oAT4+�s Ai.b TAKE Auccaowt.�DG+EM�NTy��t�'�t►atatts�l. • ` AtiD TINA M• /�vN7E/t _ P.e'ES A,va P'S� � Corp. �ae�rtiactJ � MIAMI yA�IINGs t3ANK,To Mt; N1t�.t. IGNOWN TO TN6 FtcIKaA15 tAofzlalN G6sGRt13ED 000 YiKO&xv-c TwD TiAro fogr tNSTRU1flENi Atio 0,4 omI•pGr0 13OPOM 40 T"ALT TRWI :3xoCunPP 'THE• 5WV fgMu-1 "JO N101.VN'tAJ9:W( , TKXT TON" AFftxFA,: THE afFlGlALr ✓ 4T- SNO cotcmFATION D.w e, A00 WISH 'T4lts AUTT,iORIT'{ oP,THli.oaA�Rp,oF, Vj9t%cToRS of 'FWD =9fl0rA.Tl0N AND TAA'T tT iei THE 1%F•Et% AOT my cEee - N.; 1 .:4 l7F"yA1P : bRA+TtOPt wltalessaWt PMD AM arpjapa., %jo4--TNtS vc.-( of "btf A.D.,I�B-t W1 c0"lZeAON vwt%f►3 3w' NoTAR'( L � OF DADA aT t.ARl�E Ow,t/E.�; i'1...�>�'�-`'7/fiGT/�iV.S: Tfr�E- 1i7��/T." �;,SEMt�-•/�/�"S .Sf�OI��N ,H�",FEON PEs�.1?l4EO y-oc' 7.r<E /.v �7.9GL,5'�/C�✓fN0 M.�/N7�/✓ANO��yvBl/C!•1!<i>i� IN WITNESS WHEREOF: ly1AND1.P t �f7 AND , NoP.K K660SPo His W IFI" HAVE �'T TN6tR HpND6 MW SOA4-s TKI'a A�, i9t3i _ 1 • y � � ����C-4 Ems' WITNItf+f� " - NWNoto i f ��� is ✓r✓!/J/ Nqlk� RW*1O5C>, KIi W1 is CPTA:C f of FbO1ZI K 46 - CAWATI of MOW x y099wf 40wirl ; TMT ON TM17 041 f31ef+D" mo, AV1A•y0�(ri7 1' . Ah1Q ' tzlst Hls► W 1 t *- TO WO W IS" KNOWN To Its TKIS MittatYaa t�t14Q WWAWTOLP OW f09000114& 1"%TXU*0m .�al�lL.\-JiI ►►�� Jw. alat���aa. r. -. ADE COU • THAT THw DR1466 ot'sTING ANC FM c.ovieXTOP to THE tW-DIGAi0r-Gp TNE11e W"ral' vmt, Dtsl A 0 NUT THE 060 Of For- 1t?09 AXI cr O THAT NO INONIOU) AIR• GONOMOIAING A • THAT A" NEIN G tc-_ INSTIUl"roD t1NA APPROVALS: TW9 RAT W* Orm FO�SOLUTION Pie.— SIVNCD - THIS lb TD C-0ellp! u�APttR a!'I � t1 cF.IETIFt�o THtS ctT� op MUM TKIto tb 'TO CAWTIPT to or PAM MKT"! GEieTtFlro tt+ith_,,.. st�tJt1�D GY►OC C7ou11C Fit.E17 fOR Fu►RtOA. TNts Pl Ft.oltlpb. AA1J17 0 DADE COUNTY PLAT RESTRICTIONS: - ��.4iAVEz cA�slacs To � nnav+a TtIG AtTA�.NV'O • TNAT �� v+el�ItBs Oh bMowN oN 1NE Arrec►+eo PI.ATr TOGtaTMreQC W1TN At►V 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 NK" r s+cB T pCA0tem, eoR79E NO 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 Mli wl�i 4f r 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 _ i @` � 19r n ai Qt B S S k a' 7-1005 o Q• �r SURVEYOR'S NOTES: 0 N Ncsl'AR`( r9,PE/y�,PE•By .ESE?v�� f� IN WITNESS WHEREO-F— ?40r#pry - 1 W ITHW56 �A;B ap Ft.Ofzlt7ls• ss — 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 Iti1�33: 11!►NO lW0 �t'lGlOd� ��LV+ 1H17_- N1'-7-'�-�+-�' v�•�=ram— .•.,�'rc.� '��,� '. 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 2 14,321 L J- TKV5 VNI TO cERTIPI THAT11•lt;— to of tie cwtAT-i coop cElcttFllee tN19 —�� '�IG�180 r.pco t:axT-j PtJ6{-1 Ftue;o FOK fiec.0to THtS QF PtAtS • C`T — FtAR{OA. TW6 PLOT h1,OR10A. bt4o M6'tRoPot'11, r-LOAK of T11E clezutT ail 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