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HomeMy WebLinkAboutexhibit DThis instrument was prepared by; Name; John Shubin, Esq, Address; 48 SW 181 Street Third Floor Miami, Fl- 33130 EXHIBIT -IL - (Space Reserved for Clerk of the Court) DECLARATION OF RESTRICTIONS AND REVERTER PROVISION WHEREAS, the undersigned, City National Bank of Florida, as Trustee (the "Trustee"), under Trust No. 2401-0915-00 dated November 29, 2000 (the "Trust"), holds the fee simple title to that certain parcel of land, which parcel is legally described in Exhibit "A" to this Declaration (the "Property"); and WHEREAS, prior to the date of the Assignment (as hereinafter defined) the persons identified in Exhibit "B" to this Declaration (the "Brickell Heirs") were the sole beneficiaries of the Trust; and WHEREAS, by Assignment dated the day of May, 2005 (the "Assignment"), the Brickell Heirs assigned to City National Bank of Florida, as Trustee under Land Trust No. 2401-1863-00 ("TRG"): (i) all of their beneficial interest in the Trust, less the Brickell Heirs' rights under the Reverter Provision set forth in paragraph 4(D) of this Declaration; and (ii) the Brickell Heirs position in that certain litigation against the City of Miami, in case no. 88-0230-CIV-HIGHSMITH, in the United States District Court for the Southern District of Florida (the "Litigation"); and 1 L:%DRemlrezSNostBRICKELLuettlement20051Bdckell Park • dedara6an of rodIddions(v a ) 00C 3111105 01 12:30 p.m. WHEREAS, a portion of the Property hereinafter referred to as "Brickell Park" shall be used solely as a public passive park, except as hereinafter provided that a portion of the Brickell Park (that portion hereinafter referred to as the "Construction Easement Parcel", as legally described on Exhibit "D" attached hereto and made a material part hereof) may be used for a temporary construction, staging and/or development area and temporary sales office, as hereinafter set forth in paragraph 1. The Brickell Park, which may also be referred to as the "Park Land" is legally described on Exhibit "C" attached hereto and made a material part hereof; and WHEREAS, the Brickell Heirs have consented to the waiver and release of the Property from (a) the restrictions and reversionary provisions set forth in that certain Deed to the City of Miami recorded February 3, 1925, in Deed Book 528, Page 56, and (b) the dedication by Mary Brickell as to burial ground recorded January 27, 1923, in Deed Book 323, Page 298, as applicable with respect to the Property (collectively, the "Restrictive Documents"); and WHEREAS, in consideration of the Assignment, TRG agreed to authorize and instruct the Trustee to execute this Declaration and to record same in the public records of Miami -Dade County as a covenant running with the title to the Park land, and the Trustee hereby confirms that it has received said authorization and instructions. NOW, THEREFORE, the Trustee freely, voluntarily, and without duress agrees that the Park Land shall be subject to the following restrictions that are intended and shall be deemed to be covenants, covering and running with the Park Land and binding upon the Trustee, its successors in interest and assigns, as follows: 1. Use as Public "Passive" Park. The Trustee agrees to specifically limit the use of the Park Land to those uses expressly permitted as hereinafter provided: (1) 2 L:IORamlrozSeilasSBRICKELLIaettlem9m20e54Bdckell Perk • dederaflon of reslridions(A).DOC 30 VQ5 al 12:30 p.m. a passive public park; and (2) for a term not to exceed sixty (60) months from the date of this Declaration, the Construction Easement Parcel may be used by TRG as a temporary construction, staging and/or development area and a temporary sales office (the "Construction Easement") with and solely for the benefit of TRG, which is the owner of that certain abutting property to the north commonly known as the "Sheraton Site" (the "Sheraton Site"), which is legally described on Exhibit "E" attached hereto and made a material part hereof. The Construction Easement shall be recorded in the Public Records of Miami -Dade County, Florida, immediately following the recording of this Declaration. 2. Permanent Identification as "Brickell Park", The Park Land shall be forever identified, referred to and known as "Brickell Park." The Brickell Heirs acknowledge and agree that the restrictions contained in this Declaration shall replace and supersede the restrictions set forth in the Restrictive Documents and'upon the recordation of the Declaration in the Public Records of Miami -Dade County, Florida the Restrictive Documents shall be of no further force and effect. 3. Maintenance of Brickell Park. Following the expiration or earlier termination of the Construction Easement and the contemplated renovations and improvements of the Park Land, TRG shall cause the master homeowner's association or applicable condominium associations operating the common areas of the Sheraton Site for which TRG is the developer and TRG shall be the "Declarant" under one or more declarations of condominiums and/or homeowner's associations, to assume and be responsible for the proper maintenance and upkeep of the Brickell Park in perpetuity (the "Obligations"). However, should the referenced master homeowner's association 3 L:1ORamirazSellaalBRICKELLVaeftlement20055Bdckell Park • detlareGen a�i 11tc ia1 72 30 p C or condominium association either not be formed, be terminated or otherwise dissolved, these Obligations shall be a covenant running with the land of the Sheraton Site. 4. Miscellaneous, A. Covenant Running with the Land. This Declaration on the part of the Trustee shall constitute a covenant running with the Park Land and shall be recorded in the Public Records of Miami -Dade County, Florida, and shall remain in full force and effect and be binding upon the undersigned Trustee, and its successors and assigns until such time as the same is modified or released as hereinafter provided. These restrictions shall be for the benefit of, and limitation upon, all present and future owners of the Park Land and for the public welfare and may not be released or modified without the prior written consent of the Brickell Heirs, TRG and the City of Miami, which written consent shall only be evidenced by a document executed by each of the referenced parties and recorded in the Public Records of Miami -Dade County, Florida. B. Term. This Declaration is to run with the Park Land and shall be binding on all parties and all persons claiming under it for a period of thirty (30) years from the date that this Declaration is recorded, after which time it shall be extended automatically for successive periods of ten (10) years each, unless an instrument signed by the Brickell Heirs, TRG and the City of Miami has been recorded agreeing to change the covenant in whole, or in part, provided that no such modification or change to this Declaration shall be effective until the consents required in Section 4A above have first been obtained. C. Enforcement. In the event of any breach of this Declaration, the remedy shall be an action for specific performance or injunctive relief, together with attorneys fees and court costs at trial and all appellate levels to the prevailing party. It is 4 L:1ORamimzSahaSWRICKELLIeettlemen120051ROChelI Park • declaration of fe>tldplone(v8).000 31110 a1 12:30 p.m. intended that this Declaration be enforceable by any of the Brickell Heirs, TRG and/or the City of Miami. D. Reversion. In addition to the foregoing enforcement rights, in the event that the Park Land is hereafter sold then in such event title to the Park Land shall automatically revert to and be vested in the Brickell Heirs. Any conveyance of all or any portion of the Park Land by the Trustee or any subsequent conveyance, in either case, to either the City of Miami or any not-for-profit organization, for the use of the Park Land as either a public passive park, shall not cause or otherwise trigger this Reverter, however this Reverter shall continue in full force and effect, as to any other subsequent conveyance or transfer of interest in the Park Land. In the event this Reverter is triggered, and title to the Park Land is vested in the Brickell Heirs, then the obligations of TRG set forth in Section 3 above shall terminate and be null and void. 5 L:IORamlrez5Bl}as%BRICKELL1eelllamen12OOMBdckell Park - dedar&IUP Of reslddlana(YOWOC 3A 1 W et 1 2:3d p.m. IN WITNESS WHEREOF, we have hereunto set our hands and seal this day of Signed, sealed and delivered in the presence of: WITNESSES: Sign: Print: Sign: Print: STATE OF FLORIDA ) )SS COUNTY OF MIAMI-DADE ) 2005. CITY NATIONAL BANK OF FLORIDA, as Trustee under Trust No. 2401-0915-OCI dated November 29, 2000 The foregoing instrument was acknowledged before me this day of , 2005, by William E. Shockett as Executive Vice President and Trust Officer of CITY NATIONAL BANK OF FLORIDA, as Trustee under Trust No. 2401- 0915-00 dated November 29, 2000 on behalf of the Trustee, who is personally known to me or has produced as identification. NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) r 7P L:IORpmlrez"jariBRICKELL18eftlernent20O54Bnckell Palk • decWatinn al reildalons(YO)DOC 3111105 p! 12'30 P.m. JOINDER CITY NATIONAL BANK OF FLORIDA, as Trustee under Land Trust No. 2401- 1863-00 hereby joins in the foregoing Declaration for the purpose of confirming its agreement and obligations to comply with the provisions of this Declaration. City National Bank of Florida, as Trustee under Land Trust No. 2401-1863- 00 M Name: Title: STATE OF FLORIDA ) )SS COUNTY OF MIAMI-DADE ) The foregoing instrument was acknowledged before me this - day of , 2005, by William E. Shockett as Executive Vice President and Trust Officer of CITY NATIONAL BANK OF FLORIDA, as Trustee under Trust No. 2401- 1863-00 dated November 29, 2000 on behalf of the Trustee, who is personally known to me or has produced as identification. NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) 7 L:IORamlrez5eijaslBRICKEL4lsettlement20051Bdckell Palk • 4edarabon of restdcuom( 0).DOC 5111!05 $1 12:30 p.m. JOINDER The "Brickell Heirs" hereby join in the foregoing Declaration for the purpose of confirming its acknowledgement of and agreement with the provisions set forth in paragraph 3 of this Declaration. THE BRICKELL HEIRS: (i) As to the heirs of George M. Brickell: Paul Sanders, Edward Sanders and Barbara Jean Bradford (daughter of Vinnie L. Sanders and daughter of Jack Sanders (deceased) Robert E. Gallagher, Jr., their authorized representative and attorney-in-fact (ii) As to the heirs of Maude E. Brickell: Kathy D. Glenn (daughter of and legal heir to Archie K. Purdy a/k/a David K. Purdy), David E. Snyder, Elizabeth Snyder Gordon, Carol M. Snyder, Dwight P. Snyder and John W. Snyder IN Dwight Sullivan, their authorized representative and attorney-in-fact (iii) As to the heirs of Charles C.B. Brickell: Beatrice A. Brickell, James B. Brickell, Jr. and Elinor Brickell (wife of James B. Brickell, deceased) By: Robert E. Gallagher, Jr., their authorized representative and attorney-in-fact (iv) As to the heirs of William B. Brickell: Linda C. Minor (as personal representative of the Estate of William G. Brickell), Marjorie G. Brickell, Marjorie Brickell Family Trust and William 0. Brickell Family Trust By: _ Robert E. Gallagher, Jr., as the authorized representative and attorney-in- fact 8 L;IORpmirex5elyaslBRICNELLyettiemon120055Bnckell Perk - Aedarg1kin or resocoons(vai Doc 3111105 m WIG p.m. STATE OF FLORIDA ) ) SS COUNTY OF MIAMI-DADE } The foregoing instrument was acknowledged before me this day of April, 2005, by Robert E. Gallagher, Jr., Esquire as authorized representative and attorney-in-fact for the heirs of George M. Brickell, the heirs of Charles C.B. Brickell and the heirs of William B. Brickell, who is personally known to me or has produced as identification. NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) STATE OF FLORIDA ) ) SS COUNTY OF MIAMI-DADE ) The foregoing instrument was acknowledged before me this day of April, 2005, by Dwight D. Sullivan, Esquire as authorized representative and attorney-in-fact for the heirs of Maude E, Brickell, who is personally known to me or has produced as identification, NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) 9 L:IORamlrezS6jag%BRICKELL\stMlemenl2005lBdaell Park - Gadarati0n of restriC10na(vB(.Doc 3111105 at 12.30 p.rn JOINDER The City of Miami hereby joins in the foregoing Declaration for the purpose of confirming its acknowledgement of and agreement with the removal of the Property from the Restrictive Documents. Approved by: STATE OF FLORIDA } )SS COUNTY OF MIAMI-DADE } CITY OF MIAMI By: At The foregoing instrument was acknowledged before me this day of April, 2005, by and as and , respectively, of the City of Miami, a municipal corporation, who are personally known to me or have produced and as identification. NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) 10 L:iORamirea5aljaslBRICK£LLUWomanl20055Backell Park- Geclarallon of re6 1 aa1ane(v6).000 3111 f05 2112:30 P,m. JOINDER HSBC Realty Credit Corporation (USA), a Delaware corporation, the holder of a mortgage encumbering the Sheraton Site, hereby joins in the foregoing Declaration for the sole purpose of consenting to the recordation of this instrument. By its execution hereof, the undersigned does not make any representations or warranties with respect to any matters set forth in or pertaining to this instrument or undertake any of the obligations or liabilities contained therein. HSBC REALTY CREDIT CORPORATION (USA), a Delaware corporation M_ STATE OF FLORIDA } )SS COUNTY OF MIAMI-DADE ) The foregoing instrument was acknowledged before me this day of April, 2005, by as , of HSBC Credit Corporation (USA), a Delaware corporation, who is personally known to me or has produced as identification. NOTARY PUBLIC: Sign: Print: My Commission Expires: State of Florida at Large (Seal) 11 L%ORamirexS6jes1BRICKELLlsefllement20051Bdckell Park • declarallon of restrichonw0).000 3111105 at 12:30 p.m.