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HomeMy WebLinkAboutExhibit 7.23.09 SUBvYJ IN CtUt t, �,,J FIRST AMENDMENT TO SETTLEMENT AGREEMENT THIS FIRST AMENDMENT to the July 8, 2004 Settlement Agreement (this "Amendment") is made and entered into as of this day of , 2009 (the "Amendment Effective Date"), by and between the City of Miami (the "City"), a Florida municipality, and Clear Channel Outdoor, Inc., a Delaware corporation ("CCO"). RECITALS A. The City and CCO are Parties to that certain Settlement Agreement dated July 8, 2004 (the "Agreement"). B. The City and CCO wish to, and by this Amendment hereby agree to, amend the terms of the Agreement as set forth herein. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Agreement. C. There is currently pending a lawsuit styled Jackson Soul Food, Inc. et al, v. Southeast OvertownlPark West Community Redevelopment Agency, Case No. 05-09022 CA 11 in which CCO has intervened (the "Litigation"). In the Litigation, the Southeast Overtown/Park West Community Redevelopment Agency (the "CRA") claims that CCO's billboard located at 936 NW 3rd Avenue, Tax Folio Number 01-0102070-1020 (the "JEJ Properties, Inc. Sign") was erected in violation of a covenant restricting the use of the property solely for parking, which CCO strongly denies. Each of the covenants, agreements and obligations of the parties under this Amendment are expressly subject to and conditioned upon the dismissal with prejudice of the Litigation so as to allow the JEJ Properties, Inc. Sign to remain (the "Dismissal"). NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City and CCO agree to amend the Agreement as follows: 1. Incorporation of Recitals. The above recitals are true and correct and are incorporated into and made part of this Amendment and the Agreement. 2. Voluntary Removal of Bird Road Signs. CCO shall, at its sole cost and expense, permanently and voluntarily remove its Signs and all apparatus associated therewith ("Sign Structures") listed on Exhibit H, and shall do so in accordance with and subject to the terms and conditions set forth in Recital C and Sub -section 6.10 hereof. In fulfilling this commitment, CCO shall comply with any and all local requirements, including permit requirements and the City shall issue any and all necessary permits associated therewith. 183936 3. Voluntary Removal of Signs on Exhibit I. CCO shall, at its sole cost and expense, permanently and voluntarily, remove its Signs and Sign Structures listed on Exhibit I, and shall do so in accordance with and subject to the terms and conditions set forth in Recital C and Sub -section 6.10 hereof. In fulfilling this commitment, CCO shall comply with any and all local requirements, including permit requirements and the City shall issue any and all necessary permits associated therewith. 4. Waiver of Just Compensation. CCO hereby expressly waives any right to receive from the City just compensation for the removal of any Signs or Sign Structures pursuant to this Amendment and the Agreement, whether such a claim for just compensation is predicated on Section 70.001, 70.20(9) or 479.15(2), Florida Statutes; Article X, Section 6 of the Florida Constitution; or any other authority under local, state or federal law. 5. Payment in Lieu of Removal. Within five (5) days following the issuance of all necessary final governmental approvals, authorizations and permits necessary for the replacement of four (4) Signs faces and one (1) poster size Sign face with five(5) LED Signs faces, i.e., Sign faces having the characteristics described in Sections 6.5 through 6.8 hereof ("LED Sign faces"), as provided in Section 6 hereof, CCO shall pay the CRA a one-time only payment of eighty thousand dollars ($80,000.00) (the "CRA Payment"). Moreover, the City shall give CCO a one-time credit of forty thousand dollars ($40,000.00) against CCO's NEA payment due to the City for the year in which the CRA Payment is made per Section 11(b) of the Agreement (the "NEA Credit"), but only after the CRA confirms receipt of the CRA Payment. The City agrees to indemnify and hold harmless CCO from any claims that may be made by the NEA or beneficiaries of the NEA as a result of the NEA Credit. 6. LED Sign faces. 6.1 Notwithstanding anything to the contrary contained in the Agreement, CCO shall be permitted to replace four (4) existing Sign faces and one (1) existing poster size Sign face with LED Sign faces at the following "Designated Locations" within the City of Miami in accordance with this Section 6: 1) I-95 W/S 100ft S/O SW 8"' Street F/N, 818 SW 0' Avenue , Folio No. 0102060001020; 2) I-95 E/S 75ft S/O NW lOtn Street F/S, 936 NW 3rd Avenue, Folio No. 0101020701020; 3) I-395 N/S .35mi E/O I-95 F/W, 1413 NW 1St Place, Folio No. 0131360510590; 4)_I-95 W/L 25 ft S/O NW 79" Street, 7836 NW 6th Court, Folio No. 0131120170380; and 5) I-95 E/S 150 ft N/O NW 3rd Street, 401 NW 3rd Avenue, Folio No. 0101070501091. 6.2 CCO will pay to the NEA program an additional annual payment in the amount of $15,000.00 for years 1 through 6 of this Amendment, $20,000.00 for years 7 through 13 of this Amendment, and $25,000.00 for years 14 through the termination of the Agreement (the "NEA LED Payment") for each LED Sign face per year for each LED Sign face erected for so long as such LED Sign face remains erected. For further clarity, the first annual NEA LED Payment for a LED Sign face is due immediately upon the City's issuance of the Building Permit for the erection of that LED Sign face. If, 183936 however, the City's Building Permit expires without the LED Sign face being constructed or erected, then the City will promptly refund to CCO the first annual NEA LED Payment with fifteen days of expiration. Subsequent NEA LED Payments are due on the anniversary of the first NEA LED Payment, unless the first NEA LED Payment has been refunded. The NEA LED Payment shall be adjusted annually, either up or down, based upon the consumer price index for the Metropolitan Miami -Dade area (the "CPI Adjustment"). The CPI Adjustment shall begin on the third anniversary date of the first NEA LED Payment. 6.3 In addition, the City will have access to use the LED Sign faces through the State of Florida's Office of Emergency Management (the "OEM"), upon official activation of the OEM for certain limited emergency reasons such as hurricanes, amber alerts, and police or fire emergency situations. Such access shall be subject to the agreements CCO has in place from time to time with the FBI, State of Florida and the OEM. 6.4 In the event the view of any LED Sign face is substantially impaired from the roadway, highway or expressway from which it is intended to be viewed, or CCO is unable to install and/or operate an LED Sign at a Designated Location through no fault of CCO, then CCO shall have the right to relocate the affected LED Sign face to another location of similar value for outdoor advertising purposes within the City of Miami along an expressway at which CCO then owns a Sign and Sign Structure as selected by CCO, subject to the approval of such other location by the City Commission. The City shall not impose, as a condition for its approval of a relocation under this paragraph, that: (a) CCO make any payment to the City; (b) that CCO take down any additional Signs or Sign Structures; (c) that CCO reduce the size or height of the LED Sign(s) so relocated; or (d) that CCO operate the LED Sign(s) so relocated in any manner that is materially inconsistent with the previous operation of the LED Sign(s) by CCO, including, without limitation, requirements (i) that CCO reduce the hours of operation of the LED Sign(s), (ii) that CCO display advertising in increments that are greater than eight seconds or increments permitted by FDOT regulations (whichever increment is greater); (iii) that CCO limit the amount or frequency of commercial advertising displayed on the LED Sign(s); or (iv) except as required by Section 6.3 hereof, that CCO display messages benefitting any entity or cause. The term "expressway" shall mead I- 95, I-195, I-395, SR 112, SR 826 and SR 836. If required, the City shall issue all necessary approvals and permits to CCO to so relocate the affected LED Sign and LED Sign Structure. 6.5 In addition to FDOT's spacing requirements, LED Sign faces facing in the same direction shall be placed at a minimum of six hundred (600) feet apart, irrespective of whether they are placed on the same or different sides of the roadway, highway or expressway. In the case of LED Sign faces located on opposite sides of the roadway, highway or expressway, the six hundred (600) feet shall be measured excluding the width of the roadway, highway or expressway. 6.6 LED Sign faces are restricted to one (1) LED Sign face per Sign 183936 Structure. 6.7 The four (4) LED Sign faces shall have digital advertising faces no larger than 14' x 48'. The one (1) LED poster size Sign face shall have a digital advertizing face no larger than 14' x 24'. The four (4) LED Sign structures and the one (1) poster size LED Sign structure shall be constructed in the manner depicted and described in Exhibit K, attached and incorporated hereto. 6.8 LED Sign faces shall allow for display of remotely changeable off - premise advertising in increments of eight seconds, or increments permitted by FDOT regulations, whichever increment is greater. 6.9 If an existing Sign Structure at one or more of the Designated Locations is insufficient to support an LED Sign face, CCO may replace the Sign Structure with a Sign Structure which is sufficient to support an LED Sign face. If required, the City shall issue all necessary approvals and permits to CCO to so replace such Sign Structure. 6.10 CCO may only submit one building permit for an LED Sign face at a time. The first building permit may only be submitted following the dismissal with prejudice of the Litigation. Within fifteen (15) days after CCO's receipt of all necessary final governmental approvals, authorizations and permits (including, without limitation, all necessary governmental approvals, authorizations and permits from FDOT) for the erection, installation and operation of the first LED Sign face, CCO shall, at its sole cost and expense, permanently and voluntarily remove (if not already theretofore removed) the following Signs and Sign Structures: the two (2) Signs and Sign Structures listed on Exhibit H and Sign numbers 162 and 163 listed on Exhibit I. CCO may not apply for a building permit for the second LED Sign face until it has completed the removal of the Signs and Sign Structures listed in the immediately preceding sentence of this Sub - Section. Within fifteen (15) days after CCO's receipt of all necessary final governmental approvals, authorizations and permits (including, without limitation, all necessary goveriunental approvals, authorizations and permits from FDOT) for the erection, installation and operation of the second LED Sign face, CCO shall at its sole cost and expense, permanently and voluntarily remove (if not already theretofore removed) the following Signs and Sign Structures: Sign numbers 247, 105, 118 & 174 listed on Exhibit I. CCO may not apply for a building permit for the third LED Sign face until it has completed the removal of the Signs and Sign Structures listed in the immediately preceding sentence of this Sub -Section. Within fifteen (15) days after CCO's receipt of all necessary final governmental approvals, authorizations and permits (including, without limitation, all necessary governmental approvals, authorizations and permits from FDOT) for the erection, installation and operation of the third LED Sign face, CCO shall at its sole costs and expense, permanently and voluntarily remove (if not already theretofore removed) the following Signs and Sign structures: Sign numbers 71, 27, 133 & 47 listed on Exhibit I. CCO may not apply for a building permit for the fourth LED Sign face until it has completed the removal of the Signs and Sign Structures listed in the immediately preceding sentence of this Sub -Section. Within fifteen (15) days after 183936 CCO's receipt of all necessary final governmental approvals, authorizations and permits (including, without limitation, all necessary governmental approvals, authorizations and permits from FDOT) for the erection, installation and operation of the third LED Sign face, CCO shall at its sole costs and expense, permanently and voluntarily remove (if not already theretofore removed) the following Signs and Sign structures: Sign numbers 105, 235, 174 & 5 listed on Exhibit I. CCQ may not apply for a building permit for the fifth poster size LED Sign face until it has completed the removal of the Signs and Sign Structures listed in the immediately preceding sentence of this Sub -Section. 7. Gateway Map to be Added. Section 3.b of the Agreement is amended to include the following additional language: A map designating "Gateways" as that term is used in Exhibit E is attached hereto as Exhibit E-1 and is on file with the City Cleric's Office. As used in this Agreement, "Gateways" means those areas of the City of Miami designated on the map attached as Exhibit E-1 where, irrespective of Zoning Districts and corresponding restrictions, CCO Signs, are not permitted. In the event CCO's existing Sign and Sign structures are in the Gateways area, such Sign and Sign structures shall be permitted to remain in those areas at the sole discretion of CCO, but only if those Signs and Sign structures are listed on Exhibit D or were erected with an Amended Permit or an Initial Amended Permit. 8. Assignments/Binding Nature. Paragraph 19.f, of the Agreement is deleted and replaced with the following language: f. Assignments/Binding Nature. This Agreement will be binding upon and will inure to the benefit of any successor or permitted assigns of the parties hereto. CCO agrees not to assign, transfer or convey (collectively "assignment") any ownership in any CCO Sign identified in Exhibit D unless the assignee shall execute an agreement to be bound by the terms and conditions of this Agreement. 9. Selection of Signs to be Removed for Amended Permits. There shall be added sub -paragraphs 3.i. and 3.j. to the Agreement which shall read as follows: i. Notwithstanding anything to the contrary in this Agreement, for the issuance of the 15t" Amended Permit, the City may select the Signs and Sign structures to be removed by CCO from those Signs listed on Exhibit J. j. No Sign or Sign structure shall be erected based on an Amended Permit until the Signs and Sign structures required to be removed pursuant to the Agreement are removed. 183936 10. Governing Law/JurisdictionNenue. Paragraph 19.b. of the Agreement shall be deleted and replaced with the following language: b. Governing Law. This Agreement shall be construed and controlled by the laws of the State of Florida, and the Parties further consent to jurisdiction, if available, and venue in the federal district courts sitting in Miami -Dade County, Florida. If, and only if, the federal district court lacks jurisdiction, the parties consent to jurisdiction and venue in the state circuit court in Miami -Dade County, Florida. CCO waives all defenses of lack of personal jurisdiction and forum non conveniens. Process may be served on either Party in the manner authorized by applicable law or court rule. 11. Correction to Exhibit D. Exhibit D to the Agreement shall be amended to reflect that: (a) Sign #1 bears an incorrect address; the correct address is 3010 SW 37 Avenue; (b) Sign #180 bears an incorrect folio number; the correct folio number is 01- 4121-004-0040; (c) Sign #181 bears an incorrect address; the correct address is 3635 S. Dixie Highway. 12. CCO to Indemnify and Hold Harmless the City. This Amendment contemplates the removal of existing Signs and Sign Structures in exchange for CCO's right to replace existing Sign faces with LED Sign faces in prime expressway locations. It is recognized that CCO may have lease agreements with property owners (the "Property Owners") relating to existing Signs and Sign Structures that CCO is voluntarily obligating itself to remove, or may elect to remove, under the terms of this Amendment and the Agreement. Consequently, CCO agrees to indemnify the City from any lawsuit, and shall defend with counsel designated by CCO and reasonably acceptable to the City, and hold the City harmless, against any claim asserted by an affected Property Owner arising from the removal of the Signs and Sign Structures that are removed after the Amendment Effective Date under the terms of this Amendment or the Agreement. 13. Future LED Sign Regulation. CCO agrees to comply with and be bound by all federal, State of Florida, Miami -Dade County and City sign regulations regarding LED Signs adopted prior to or after the date of this Amendment, but, during the term of the Agreement, any City regulation now in effect or adopted after the date of this Amendment shall not be applied to diminish CCO's rights to maintain and operate the four LED Sign faces and one (1) poster size LED Sign face (including any LED Sign faces relocated pursuant to Section 6.4 hereof) granted under this Amendment. 14. No Further Amendment. Except as expressly modified by this Amendment, the Agreement shall remain unmodified and in full force and effect, and the Parties hereby ratify their respective obligations thereunder. 15. Entire Agreement. The Agreement, as expressly modified by this Amendment, shall constitute the entire agreement among the Parties with respect to the subject matter hereof and merges all prior and contemporaneous communications. 183936 16. Severability. If any provision of this Amendment shall be held by a court of competent jurisdiction to be illegal, invalid or unenforceable, the remaining provisions shall remain in frill force and effect. 17. Representations and Warranties. CCO hereby represents and warrants that it: (a) is a corporation in good standing under the laws of the State of Delaware; (b) is duly authorized to transact businesses in the State of Florida; and (c) has taken all corporate actions necessary to authorize execution and performance of this Amendment. The City hereby represents and warrants that: (a) it is empowered to enter into this Amendment; and (b) this Amendment has been duly authorized by the City Commission of the City of Miami pursuant to the requirements of Florida law. IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives as of the Amendment Effective Date shown above. CITY OF MIAMI CLEAR CHANNEL OUTDOOR, INC. City Manager Dated: , 2009 Attest: City Clerk Dated: , 2009. APPROVED AS TO FORM AND CORRECTNESS: Julie O. Bru City Attorney 183936 itz Its: Dated: )2009. APPROVED AS TO INSURANCE REQUIREMENTS: LeeAnn Brehm Risk Management Director Exhibit H 183936 Sign No. Street Address of Sign Tax Folio No. Location So ign type No. Face s Zoning 70 1 3010 SW 37 Ave 01-4117-003-1730 Bird Rd SS 1130ft W/O Douglas Rd F/W -3 2 71 179 3820 Bird Road 01-4117-003-1900 Bird Rd SS 80ft E/O SW 38 Ct F/E — 1 1 183936 Clear Channel _City of Miami CCO Signs already removed or in the process to be removed Exhibit I 183936 Sign No. Street Address of Sign Tax Folio No. Location Sign Type 72 162 7889 N Bayshore Drive 01-3208-008-0530 NE 79th St. SS 10'W/0 NE 11th Ave 73 163 1165 NE 79 St 01-3208-011-0060 NE 11 Av ES 50'N/0 NE 79 St. SF -E 74 247 1177 NE 79 St 01-3208-011-0080 NE 79 St. NS 50'W/0 NE 12 Av F/E-2 75 105 2148 NW 10 Ave. 01-3126-054-0060 NW 10 Av WS 100' N/O NW 21 St F/S-1 76 118 1781 NW N River Dr. 01-3134-000-0060 N River Dr NS 30'W/0 NW 18 Av F/E-1 77 174 7011 NW 7 Ave. 01-3113-024-1060 NW 7 Ave ES 280' S/O NW 71 St 78 65 737 NW 4 St 01-0200-010-3010 NW 5 St BRG SL 100' E/O NW 8 Av 79 71 800 NW 12 Av 01-3135-022-0060 NW 12 Ave WL 300'N/0 NW 7 St 80 27 25 NW 57Av 01-4106-015-0170 NW 57 Av ES 100' N/0 Flagler St F/S-4 81 133 5211 NW 17th Av 01-3122-052-0560 NW 17 Av ES 100' S/0 NW 53 St F/N-1 82 47 717 SW 17 Av 01-4102-012-0070 SW 17 Av ES 100' N/O SW 8 St F/N-1 83 105 2148 NW 10 Ave 01-3126-054-0060 NW 10 Av W/S 100' N/O NW 21 St 84 235 1096 NW 54 Street 01-3123-006-1141 NW 54 St S/L 50' E/O NW 11 Ave 85 174 7011 NW 7 Ave 01-3113-024-1060 NW 7 Av ES 280' S/O NW 71 St 86 5 3206-08 Grand Ave 01-4121-007-4480 Grand Av SS 100' W/O Commodore Plaza 183936 EXHIBIT J Loc. Descri tion 2-4 Exhibit D # Grand Av SS 25ft W/O Margaret St FIE -1 Miami 7 Grand Av SS 25ft W/O Margaret St F/W -1 Miami 7 Grand Av SS 100ft W/O Commodore PI F/N - 1 Miami 5 Grand Av SS 100ft W/O Commodore PI F/N - 2 Miami 5 Le Jeune Rd ES 288ft S/0 NW 9th St FIN -1 Miami 199 Le Jeune Rd ES 288ft S/0 NW 9th St F/S - 2 Miami 199 NW 27th Av WS 85ft SIO NW 4th St F/N - 2 Miami 39 & 202 NW 27th Av WS 85ft S/0 NW 4th St F/S -1 Miami 39 & 202 NW 22nd Av WS 50ft S/0 NW 3rd St FIS -1 Miami 13 NW 22nd Av WS 50ft SIO NW 3rd St FIS - 2 Miami 13 NW 22nd Av WS 50ft S/O NW 3rd St FIN - 3 Miami 13 NW 22nd Av WS 50ft S/0 NW 3rd St FIN - 4 Miami 13 NW 62nd St NS 10ft W/O N Miami Av FIE -1 Miami 151 & 152 N Miami Av WS 10ft NIO NW 62nd St FIS - 1 Miami 151 & 152 N Miami Av WS 50ft NIO NW 62nd St FIS - 1 Miami 151 &152 NW 62nd St NS 25ft W/O N Miami Av F/W - 1 Miami 1151 & 152 NW 62nd St NS 25ft W/O N Miami Av FIW - 2 Miami 151 & 152 N Miami Av ES 200ft N/0 NE 73rd St F/N -1 Miami 166 N Miami Av ES 200ft NIO NE 73rd St FIN - 2 Miami 166 N Miami Av ES 200ft N/O NE 73rd St FIS - 3 Miami 166 N Miami Av ES 200ft N/O NE 73rd St FIS - 4 Miami 166 NW 7th Av WS 50ft SIO NW 75th St F/N - 2 Miami 170 NW 7th Av WS 50ft S/O NW 75th St FIS -1 Miami 170 NW 75th St SS 100ft W/O NW 7th Av FIE -1 Miami 170 NW 7th Av WS 50ft N/O NW 70th St FIN - 2 Miami 173 NW 7th Av WS 50ft N/0 NW 70th St FIS - 1 Miami 173 EXHIBIT J Loc. Description citv Exhibit D # Le Jeune Rd ES 50ft S/O NW 9th St FIN - 1 Miami 198 Le Jeune Rd ES 50ft S/0 NW 9th St F/S - 2 Miami 198 Le Jeune Rd E/L 288ft S/0 NW 9th St. -1 Miami 197 Le Jeune Rd E/L 288ft S/0 NW 9th St.- 2 Miami 197 Le Jeune Rd ES 225ft NIO NW 9th St F/N - 1 Miami 194 Le Jeune Rd ES 225ft NIO NW 9th St F/S - 2 Miami 194 NE 14th St NS 75ft E/O Miami Av F/W -1 Miami 72 NW 2nd Av ES 25ft SIO NW 52nd St F/N - 1 Miami 146 NW 2nd Av ES 25ft SIO NW 52nd St F/S - 2 Miami 146 _GXI�i VF! I< ­-ILLUTOINTATIEDBLUE I ......... COVED NEON D=_CCR, FF 2. 5Q 419�-Q CUSTOM -7 HOLE ON 4' CENT ER PERFORAJ`ED I ST SURFACE PANELS OA4W-2` cI;N. 15 VO 4V-9 FCO RE­[_AINEF DECOR. C31 i� �_mmm z -F­ Wl; _,?, 20mm FULL COLOR f ffff LED MESSAGE UNIT. tl ME ­-ILLUTOINTATIEDBLUE I ......... COVED NEON D=_CCR, 5Q CUSTOM -7 HOLE ON 4' CENT ER PERFORAJ`ED I ST SURFACE PANELS ­-ILLUTOINTATIEDBLUE I ......... COVED NEON D=_CCR, CUSTOM -7 HOLE ON 4' CENT ER PERFORAJ`ED I ST SURFACE PANELS PAINTED METALLIC SILVER. OVERLAY cI;N. ON PANTED BLACK BASE. FCO RE­[_AINEF DECOR. i� �_mmm z -F­ oUTLE A-4 E DIG! -IAL B!LLBOAR.D SCOPE 0F IqG-PK-- SCALE: YESCO MANUFACTURE (2) 20MIM FULL COLOR LED MESSAGE DISPLA(-S FOR DOUBLE FACE DIGITAL BILLBOARD. MATRIX: 200 X 704 FABRICATE BRUSHED ALUMINUM FRAME FOR LED DISPLAY UNIT, TRIM DECORAND POLE COVER. FINAL FIRST AMENDMENT TO SETTLEMENT AGREEMENT TkIIS FIRST AMENDMENT to the July 8, 2004 Settlement Agreement (this "Amendment") is made and entered into as of this day of , 2009 (the "Amendin Effective Date"), by and between the City of Miami (the "City"), a Florida m \Ci and Clear Channel Outdoor, Inc., a Delaware corporation ("CCO"). RECITALS A. Tand CCO are Parties to that certain Settlement Agreement dated July 8, 2004 (the ent"). B. The City anX CCO wish to, and by this Amendment hereby agree to, amend the terms of the Agreem nt as set forth herein. Capitalized terms used herein and not otherwise defined herein s all have the meanings set forth in the Agreement. C. There is currentlending a lawsuit styled Jackson Soul Food, Inc. et al, v. Southeast OvertownlPark Wes Community Redevelopment Agency, Case No. 05-09022 CA I 1 in which CCO has irate ned (the "Litigation"). In the Litigation, the Southeast Overtown/Park West Communi Redevelopment Agency (the "CRA") claims that CCO's billboard located at 936 N 3rd Avenue, Tax Folio Number 01-0102070-1020 (the "JEJ Properties, Inc. Sign") erected in violation of a covenant restricting the use of the property solely far par g, which CCO strongly denies. Each of the covenants, agreements and obligations the parties under this Amendment are expressly subject to and conditioned upon the dis ssal with prejudice of the Litigation so as to allow the JEJ Properties, Inc. Sign to rema (the "Dismissal"). NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein and other good and valuable co sideration, the receipt and sufficiency of which is hereby acknowledged, the City and CO agree to amend the Agreement as follows: 1. _Incorporation of Recitals. The abo e recitals are true and correct and are incorporated into and made part of this Amendment kd the Agreement. 2. Voluntary Removal of Bird Road k' ns. CCO shall, at its sole cost and expense, permanently and voluntarily remove its S', ns and all apparatus associated therewith ("Sign Structures") listed on Exhibit H, and all do so in accordance with and subject to the terms and conditions set forth in Recital d Sub -section 6.10 hereof. In fulfilling this commitment, CCO shall comply with any d all local requirements, including permit requirements and the City shall issue any d all necessary permits associated therewith. 3. Voluntary Removal of Signs on Exhibit 1. CCO shall, at its sole cost and expense, permanently and voluntarily, remove its Signs and Sign Structures listed on Exhibit 1, and shall do so in accordance with and subject to the terms and conditions set forth in Recital C and Sub -section 6.10 hereof. In fulfilling this commitment, CCO shall comply with any, and all local requirements, including permit requirements and the City shall issue any an all necessary permits associated therewith. 4. Waiv` r of Just Compensation. CCO hereby expressly waives any right to receive from the City just compensation for the removal of any Signs or Sign Structures pursuant tos 1.jnendment and the Agreement, whether such a claim for just compensation is predic�ed on Section 70.001, 70.20(9) or 479.15(2), Florida Statutes; Article X, Section 6 of to Florida Constitution; or any other authority under local, state or federal law. 5. Payment in Lieu of Removal. Within five (5) days following the issuance of all necessary final governmental approvals, authorizations and permits necessary for the replacement othree (3) Signs faces with three (3) LED Signs faces, i.e., Sign faces having the chara �eristics described in Sections 6.5 through 6.8 hereof ("LED Sign faces"), as provided ins ection 6 hereof, CCO shall pay the CRA a one-time only payment of eighty thousand dol s ($80,000.00) (the "CRA Payment"). Moreover, the City shall give CCO a one-time c dit of forty thousand dollars ($40,000.00) against CCO's NEA payment due to the City fo the year in which the CRA Payment is made per Section 11(b) of the Agreement (the " A Credit"), but only after the CRA confirms receipt of the CRA Payment. The Cityrees to indemnify and hold harmless CCO from any claims that may be made by the A or beneficiaries of the NEA as a result of the NEA Credit. 6. LED Sign faces. 6.1 Notwithstanding anything to the co trary contained in the Agreement, CCO shall be permitted to replace three (3) existingn faces with LED Sign faces at the following "Designated Locations" within the City o Miami in accordance with this Section 6: 1) I-95 W/S 100ft SIO SW 8t' Street FIN, 81 • SW 4`' Avenue , Folio No, 0102060001020; 2) I-95 E/S 75ft S/0 NW 10th Street F/S, 9 6 NW 3`d Avenue, Folio No, 0101020701020; 3) I-395 NIS .35mi E/0 1-95 F/W, 1413 NW 1St Place, Folio No. 0131360510590. 6.2 CCO will pay to the NEA program an additional ual payment in the amount of $15,000.00 (the "NEA LED Payment") for each LED S n face per year for each LED Sign face erected for so long as such LED Sign face rema'�s erected. For further clarity, the first annual NEA LED Payment for a LED S face is due immediately upon the City's issuance of the Building Permit for the ere n of that LED Sign face. If, however, the City's Building Permit expires without the L D Sign face being constructed or erected, then the City will promptly refund to CCO the rst annual NEA LED Payment with fifteen days of expiration. Subsequent NEA LED ayments are due on the anniversary of the first NEA LED Payment, unless the first NEA LED Payment has been refunded. The NEA LED Payment shall be adjusted annually, either up or doom, based upon th consumer price index for the Metropolitan Miami -Dade area (the "CPI Adjustment"). he CPI Adjustment shall begin on the third anniversary date of the first NEA LED Pavme t. 6.3 In addition, the City will have access to use the LED Sign faces through the State of Florida's Office of Emergency Management (the "OEM"), upon official activation of the OEM for certA, limited emergency reasons such as hurricanes, amber alerts, and police or fire emerge'hcy situations. Such access shall be subject to the agreements CCO has in place from time to time with the FBI, State of Florida and the OEM. 6.4 In the event the view\pf any LED Sign face is substantially impaired from the roadway, highway or expressOay from which it is intended to be viewed, or CCO is unable to install and/or operate an lED Sign at a Designated Location through no fault of CCO, then CCO shall have the right to relocate the affected LED Sign face to another location of similar value for outdoor advertising purposes within the City of Miami along an expressway at which CCO \t en owns a Sign and Sign Structure as selected by CCO, subject to the approval of such, other location by the City Commission. The City shall not impose, as a condition for r s approval of a relocation under this paragraph, that: (a) CCO make any payment to e City; (b) that CCO take down any additional Signs or Sign Structures; (c) that CCO r duce the size or height of the LED Sign(s) so relocated; or (d) that CCO operate the LE \\Sign(s) so relocated in any manner that is materially inconsistent with the previous opera%'on of the LED Sign(s) by CCO, including, without limitation, requirements (i) that CCOeduce the hours of operation of the LED Sign(s), (ii) that CCO display advertising in idrements that are greater than eight seconds or increments permitted by FDOT regulathgns (whichever increment is greater); (iii) that CCO limit the amount or frequency , f commercial advertising displayed on the LED Sign(s); or (iv) except as required by SS,tion 6.3 hereof, that CCO display messages benefitting any entity or cause. The term "e ressway" shall mean I- 95, I-195, I-395, SR 112, SR 826 and SR 836. If required, e City shall issue all necessary approvals and permits to CCO to so relocate the affecto LED Sign and LED Sign Structure. 6.5 In addition to FDOT's spacing requirements, LED Sig faces facing in the same direction shall be placed at a minimum of six hundred (6 0) feet apart, irrespective of whether they are placed on the same or different sides of e roadway, highway or expressway. In the case of LED Sign faces located on opposite 'des of the roadway, highway or expressway, the six hundred (600) feet shall be measured xcluding the width of the roadway, highway or expressway. 6.6 LED Sign faces are restricted to one (1) LED Sign face pe Sign Structure. 6.7 LED Sign faces shall have digital advertising faces no larger 14' x 48'. 6.8 LED Sign faces shall allow for display of remotely changeable off - premise advertising in increments of eight seconds, or increments permitted by FDOT regulations, whichever inurement is greater. 6.9 If ar;existing Sign Structure at one or more of the Designated Locations is insufficient to.. support an LED Sign face, CCO may replace the Sign Structure with a Sign Structure which is sufficient to support an LED Sign face. If required, the City shall issue all necessary approvals and permits to CCO to so replace such Sign Structure, 6.10 CCO may only submit one building permit for an LED Sign face at a time. The first building permit riiay only be submitted following the dismissal with prejudice of the Litigation. Within fifteen (15) days after CCO's receipt of all necessary final governmental approvals, authorisations and permits (including, without limitation, all necessary governmental approvals, a%hthorizations and permits from FDOT) for the erection, installation and operation of the first LED Sign face, CCO shall, at its sole Cost and expense, permanently and voluntarily remove (if not already theretofore removed) the following Signs and Sign Structures: the fwo (2) Signs and Sign Structures listed on Exhibit H and Sign numbers 162 and 163 liste�. on Exhibit I. CCO may not apply for a building permit for the second LED Sign face lil it has completed the removal of the Signs and Sign Structures listed in the immediately preceding sentence of this Sub - Section. Within fifteen (15) days after CCO's receiKof all necessary final governmental approvals, authorizations and permits (including, 'ac ou" limitation, all necessary governmental approvals, authorizations and permitm FDOT) for the erection, installation and operation of the second LED Sign faCO shall at its sole cost and expense, permanently and voluntarily remove (if not lr• dy theretofore removed) the following Signs and Sign Structures: Sign numbers 247, 105, 18 & 174 listed on Exhibit I. CCO may not apply for a building permit for the third L D Sign face until it has completed the removal of the Signs and Sign Structures list d in the immediately preceding sentence of this Sub -Section. Within fifteen (15) days��er CCO's receipt of all necessary final governmental approvals, authorizations and1��,er�mits (including, without limitation, all necessary governmental approvals, authorizafi ns and permits from FDOT) for the erection, installation and operation of the third LED ign face, CCO shall at its sole costs and expense, permanently and voluntarily remove kf not already theretofore removed) the following Signs and Sign structures: Sign numbers 71, 27, 133 & 47 listed on Exhibit I. 7. Gateway Man to be Added. Section 3.b of the Agreement is amendld to include the following additional language: A map designating "Gateways" as that term is used in Exhibit E is attached hereto as Exhibit E-1 and is on file with the City Clerk's Office. As used in this Agreement, "Gateways" means those areas of the City of 4 Miami designA, ed of Zoning Dist jct permitted. In the..•e Gateways area, suc in those areas at tl Sign structures are Permit or an Initial on the map attached as Exhibit E-1 where, irrespective s and corresponding restrictions, CCO Signs, are not vent CCO's existing Sign and Sign structures are in the ,h Sign and Sign structures shall be permitted to remain i'e sole discretion of CCO, but only if those Signs and listed on Exhibit D or were erected with an Amended Amended Permit. S. Assignmen deleted and replaced with the f. AssianmentsB binding upon and will inure''lc assigns of the parties hereto. C, (collectively "assignment") an} Exhibit D unless the assignee the terms and conditions of this Paragraph 19.f. of the Agreement is language: ading _ Nature. This Agreement will be the benefit of any successor or permitted '0 agrees not to assign, transfer or convey ;ownership in any CCO Sign identified in 1411 execute an agreement to be bound by 9. Selection of Signs to be Removed for Amended Permits. There shall be added sub -paragraphs 31 and 3.j. to the Agreement which shall read as follows: i. Notwithstanding anything t6 Oe contrary in this Agreement, for the issuance of the 15 Amended Permil the City may select the Signs and Sign structures to be removed by CCU from those Signs listed on Exhibit J. j. No Sign or Sign structure shall b`• erected based on an Amended Permit until the Signs and Sign strues required to be removed pursuant to the Agreement are removed.tur 10. Governing Law/JurisdictionNenue. Pkagraph 19,b. of the Agreement shall be deleted and replaced with the following langu e: b. Governing Law. This Agreement shall be cnstrued and controlled by the laws of the State of Florida, and the Partes further consent to jurisdiction, if available, and venue in the federal district courts sitting in Miami -Dade County, Florida. If, and only if, the federal district court lacks jurisdiction, the parties consent to jurisdiction and venue \'n the state circuit court in Miami -Dade County, Florida. CCO waives all defenses of lack of personal jurisdiction and forum non convene Process may be served on either Party in the manner authorized b� applicable law or court rule. 11. Correction to Exhibit D. Exhibit D to the Agreement shall be amenad to reflect that: (a) Sign #1 bears an incorrect address; the correct address is 3010 SW 37� Avenue; (b) Sign #180 bears an incorrect folio number; the correct folio number is 01- 5 4121-004-0040; (c) Sign 4181 bears an incorrect address; the correct address is 3635 S. Dixie Highway. \. 12. CCO to. Indemnify and Hold Harmless the City. This Amendment contemplates the removal of existing Signs and Sign Structures in exchange for CCO's right to replace existing Sign faces with LED Sign faces in prime expressway locations. It is recognized that CCp may have lease agreements with property owners (the "Property Owners") relatingto existing Signs and Sign Structures that CCO is voluntarily obligating itself to remove, or may elect to remove, under the terms of this Amendment and the Agreement, Consequently, CCO agrees to indemnify the City from any lawsuit, and shall defend with counsel designated by CCO and reasonably acceptable to the City, and hold the City harmless, against any claim asserted by an affected Property Owner arising from the removal of the Signs and Sign Structures that are removed after the Amendment Effective Date under the terms of this Amendment or the Agreement. 13. Future LED Sign Regulation. CCO agrees to comply with and be bound by all federal, State of Florida, Miami -Dade County and City sign regulations regarding LED Signs adopted prior to or after the date of this Amendment, but, during the term of the Agreement, any City regulation now in effect or adopted after the date of this Amendment shall not be applied to diminish CCO's rights to maintain and operate the three LED Sign faces (including any LED Sign faces relocated pursuant to Section 6.4 hereof) granted under this Amendment. 14. No Further Amendment. Except as expressly modified by this Amendment, the Agreement shall remain unmodified,and in full force and effect, and the Parties hereby ratify their respective obligations thereunder. 15. Entire Agreement. The Agreement, as expressly modified by this Amendment, shall constitute the entire agreement among the Parties with respect to the subject matter hereof and merges all prior and contemporaneous communications. 16. Severability. If any provision of this Amendment;shall be held by a court of competent jurisdiction to be illegal, invalid or unenforceable, the remaining provisions shall remain in full force and effect. 17. Representations and Warranties. CCO hereby represents and warrants that it: (a) is a corporation in good standing under the laws of the State of Delaware; (b) is duly authorized to transact businesses in the State of Florida; and (c) has taken all corporate actions necessary to authorize execution and performance of this Amendment. The City hereby represents and warrants that: (a) it is empowered to enterinto this Amendment; and (b) this Amendment has been duly authorized by the City Commission of the City of Miami pursuant to the requirements of Florida law. IN WITNESS WHEREOF, the Parties have caused this Amendment to be, executed by their duly authorized representatives as of the Amendment Effective Date shown above. i 6 \ 1 CITY OF MIAMI By: City Manager Dated: Attest: City Clerk Dated: 2009 2009 APPROVED AS TO FORM AND CORRECTNESS: Julie 0. Bru City Attorney CLEAR CHANNEL OUTDOOR, INC, By: Its: Dated: , 2009, APPROVED AS TO INSURANCE REQUIREMENTS: LecAnn Brehm Risk, Management Director 7 s Exhibit H Sign No. Street Addres of Sign Tax Folio No. Location Sign type No. Face s Zoning 70 1 3010 SW 37 Ave D1-4117-003-1730 Bird Rd SS 1130ft W/0 Douglas Rd FNV -3 2 71 179 3820 Bird Road 01-41170 Bird Rd SS 80ft E/0 SW 38 Ct F/E —1 1 Clear Channel -City of Miami CCO Signs already removed or in the process to be removed Exhibit I Sign No. Streel•.Qddress of Sign I Tax Folio No, Location Sign Type 72 162 7889 N 9yshore brive 01-3208-008-0530 NE 79th St. 5S 10' Wl0 NE 11th Ave 73 163 1165 NF 79 St 01-3208-011-0060 NE 11 Av ES 50'N/0 NE 79 St. SF -E 74 247 1177 NE\79 St 01.3208-011-0080 NE 79 St. NS 50'W/0 NE 12 Av F/E-2 75 76 105 2148 NW 1� Ave. Qer 01-3126-054-0060 NW 10 Av WS 100' N/0 NW 21 St F/S-1 77 118 174 1781 NW N Dr, 7011 NW 7 Acv , 01-3134-000-0060 01-3113-024-1060 N River Dr NS 30'W/0 NW 18 Av F/E-1 NW 7 Ave ES 280' S/O NW 71 St 78 65 737 NW 4 St \ 01-0200-010-3010 NW 5 St BRG SL 100' E/O NW 8 Av 79 71 800 NW 12 Av \ 01-3135-022-0060 NW 12 Ave WL 300'N/0 NW 7 St 80 27 25 NW 57Av 01-4106-015-0170 NW 57 Av ES 100' N/0 Flagler St FIS -4 81 133 5211 NW 17th Av \01-3122-052-0560 NW 17 Av ES 100'S/0 NW 53 St F/N-1 82 47 717 SW 17 Av 1-4102-012-0070 SW 17 Av ES 100' N/O SW 8 St F/N-1 EXHIBIT J i�xi�-�; ertY t...oc_ Oe ori So Gi Exhl it # G,rand Av SS 25ft VV/q Mar arat St F/E - 1 Miami 7 Grand Av SS 25ft W/O arat St F/W - 1 Miami 7 \Mar Grand Av SS 10Oft W/O cammcodore Pi F/N - 1 Miami 5 Grand Av SS 100ft W/O bjomrnudcaro PI FIN - 2 Mlarrti 5 Le Jeune Rd eS 288ft S/O NVV 9th St F/N - T Miami 199 Le Jaune Rd ES 288ft SIO N 9th St F/S - 2 Miami 199, NW 27th AV WS 85ft S/O NW ' th St F/N - 2 Miami 39 S 202 NW 27th Av WS 85ft S/G7 NW 4 (� St F/S - 1 Miami 39 S. 202 1 NW 22nd Av WS 50ft 5/ONW 3ri3 St F/S - 1 Miami ! 3 NW 22nd Av WS O NW 3rd 5Qft S/t FIS - 2 Miami 13 NW 22nd Av WS 50ft S/C7 NW 3rd Sl F/N - 3 Miami 13 NW 22nd Av WS 50ft S/O Miami 13 NW 62nd St NS 1Oft VV/C) N Miami Av F/E - 1 Miami 151 8c 1.52 N Miami Av WS 1 Oft N/O NW 432nd Sf F!S - 1 Miami -1 8. '152 N Miami Av WS 50ft N/O NW 62nd St F18,- 1 Miami 151 L'.. 1S2 NW 82r)d St NS 25ft W/O N Miam{ Av FfW, 1 Miami 151 S. 152 NW 62nd St NS 25ft VV/CO N Miami Av F/W =,2 Miami 151 $ 152 N Miami Av ES 200ft N/O NI_ 73rd St F/N - 1Miami `\ 766 N Miami Av ES 2QOft N/O NE 73rd St F/N - 2 -Miami 106 N Miami Av ES 200ft N/O NE 73rd St F/S - 3 Miami -166 N Miami Av ES 2006 N/O NE 73rd St F/S - 4 \ Miami 166 NW 7th Av W5 60ft S/O NW 75th St F/N - 2 Miami 770 NVV 7titi Av WS 50ft SAD NW 75th St FIS - 1 Niiami 970 NW 75th St SS 10Oft W/O NW 7th Av F/E - 1 Miami 170 NW 7th Av WS 50ft N/O NW 70th St F/N - 2 Miami 173 NW 7thAV WS 60ft N/O NW 70th St F/S - 1 'Miami 773 10