HomeMy WebLinkAboutExhibit-Declaration of Restrictive CovenantsThis instrument prepared by, and after recording return to: (Socce rPSPryed for (--Jerk of court)
Name: Iris Escarrd, Esq.
Address: Greenberg Traurig, P.A.
1221 Brickell Avenue
Miami, Florida 33131-3261
DECLARATION OF RESTRICTIVE COVENANTS
THIS DECLARATION OF RESTRICTIVE COVENANTS (the "Declaration"), made
this day of , 2010, by The Village Miami, Ltd. (the "Owner"), in favor of
the City of Miami, a Florida Municipal Corporation (the ''City").
WITNESSETH:
WHEREAS, the Owner holds fee -simple Title to certain property in the City
of Miami, Florida, located at approximately 6886 NW 7 Avenue a/k/a 755 NW 67
Street and 890 NW 69 Street, Miami, Florida, legally described in Exhibit "A"
attached hereto and made a part hereof (the "Property"); and
WHEREAS, an approval was obtained for a zoning change for the Property
from the City Commission of the City of Miami, pursuant to Ordinance No.
adopted on January 28, 2010 and attached hereto and made a part hereof as
Exhibit "B"; and
WHEREAS, if is the Owner's intent to develop .the property for affordable
multifamily housing as that term defined by applicable Federal , State and Local
laws and regulations, including without limitation, CDBG Block grants, Home
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Investment Partnerships, , the Florida State Housing Initiatives Partnership ("SHIP")
and the Affordable Housing Trust Fund , .
NOW, THEREFORE, the Owner voluntarily covenants and agrees that the
Property shall be subject to the following restrictions that are intended and shall
be deemed to be covenants running with the land and binding upon the
Owner of the Property, its successors in interest and assigns, as follows:
1. Recitals. The recitals and findings set forth in the preamble of this
Declaration are hereby adopted by reference thereto and incorporated herein
as if fully set forth in this Section.
2. Height and Density. The Property will be improved with several
multifamily residential buildings. No building shall exceed 120 feet in height, and
the total number of residential units shall be limited to 65 units per acre (R-3
Medium Multi -family equivalent in Zoning Ordinance 11000). Should the existing
Property be re -developed for use other than an affordable multifamily
residential development, any re -development plans will be limited to the height
and total units proposed above, and the plans will be subject to review and
approval of the City Manager or the Manager's authorized designee.
3. Effective Date. This instrument shall constitute a covenant running
with the title to the Property and be binding upon Owner, its successors and
assigns upon recordation in the Public Records of Miami -Dade County, Florida.
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These restrictions shall be for the benefit of, and a limitation upon, all present
and future owners of the Property and for the public welfare.
4. Term of Covenant. This voluntary covenant on the part of the
Owner shall remain in full force and effect and shall be binding upon the Owner
of the Property, its successors in interest and assigns for an initial period of thirty
(30) years from the date this instrument is recorded in the public records and
shall be automatically extended for successive periods of ten (10) years, unless
modified, amended or released prior to the expiration thereof.
S. Inspection and Enforcement. It is understood and agreed that any.
official inspector of the City of Miami may have the right at any time during
normal working hours to enter upon the Property for the purpose of investigating
the use of the Property, and for determining whether the conditions of this
Declaration and the requirements of the City's building and zoning regulations
are being complied with. An action to enforce the terms and conditions of this
Declaration may be brought by the City and may be by action at law or in
equity against any party or person violating or attempting to violate any
covenants of this Declaration or provisions of the building and zoning
regulations, either to restrain violations or to recover damages. This enforcement
provision shall be in addition to any other remedies available under the law.
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6. Amendment and Modification. This instrument may be modified,
amended or released as to any portion of the Property by a written instrument
executed by the owner(s) of the fee -simple title to the Property to be effected
by such amendment, modification, or release and the City of Miami with the
approval by the City of Miami City Commission at a public hearing, which public
hearing shall be applied for by, and be at the expense of the Owner. Any
modification, amendment, or release of this covenant will be subject to the
approval as to legal form by the City Attorney.
7. Severability. Invalidation of any one of these covenants by
judgment of Court shall not affect any of the other provisions of this Declaration,
which shall remain in full force and effect.
8. Recording. This Declaration shall be filed of record among the
Public Records of Miami -Dade County, Florida, at the cost of the Owner. The
Owner shall submit a recorded copy to the City Clerk at 3500 Pan American
Drive, Miami, FI. 33133 , with a copy to the City Zoning Administrator , at 444 SW
2nd Av. , 4th FI. , Miami, FL. 33130, within thirty(30) days of recordation.
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ACKNOWLEDGMENT CORPORATION
Signed, witnessed, executed and acknowledged on this day of
2010.
IN WITNESS WHEREOF,
signed in its name by its proper officials.
Witnesses:
Signature
Print Name
Signature
Print Name
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
has caused these presents to be
The Village Miami Ltd.
555 NE 15'" Street, Suite 213
Miami, Florida 33132
MANAGING GENERAL PARTNER
The foregoing instrument was acknowledged before me by
the manager of , a corporation, on behalf of the corporal -ion.
He is personally known to me or has produced Florida Driver's licence:
, as identification.
Witness my signature and official seal this day of , 2010, in the
County and State aforesaid.
My Commission Expires:
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Notary Public -State of FLORIDA
CONSENT OF MORTGAGEE AND SUBORDINATION OF MORTGAGE
The undersigned, holder of that certain Mortgage Deed dated
l and recorded in Official Records Book at Page _, of the Public Records of
Miami -Dade County, Florida, as amended, encumbering the real property to be
subjected to the foregoing Declaration of Restrictive Covenants made by
, in favor of the City of Miami, Florida,
hereby consents to said Declaration of Restrictive Covenants and agrees that
the lien of said Mortgage Deed shall be subject and subordinate to the terms of
said Declaration of Restrictive Covenants.
IN WITNESS WHEREOF, the undersigned has set his hand and seal this
day of , 2010.
Witnessed by:
in
Name:
Name:
STATE OF FLORIDA )
ss:
COUNTY OF MIAMI-DADE )
(Corporate Seal)
The foregoing instrument was acknowledged before me this _ day of
2010 by
as of
, on behalf of said company. He
before me, is personally known to me or produced
My commission expires:
MIA 181,014,316v2 1-20-10
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personally appeared
as identification.
Name:
Notary Public, State of Florida
Commission No.