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HomeMy WebLinkAboutSubmittal License Agmt IISUBMITTED INTO THE PUBLIC RECORD FOR LICENSE AGREEMENT I TE p p2 " THIS LICENSE AGREEMENT, (the "Agreement") is made and entered into this 16}i` day of Gc%b*R. , 2006 (the "Effective Date"), by and between TRG-Downtown Loft III, Ltd., a Florida limited partnership (the "Licensee") and the Department of Off -Street Parking of the City of Miami ("City"), an agency and instrumentality of the City, d/b/a Miami Parking Authority, (the "Authority"). WITNES SETH WHEREAS, the Authority provides parking services within the City; and WHEREAS, the Authority issued a Request for Applications ("RFA 06-01-Workforce Housing Parking License Agreement") in order to provide for the procurement of parking services ("Services"). WHEREAS, this Agreement is a license to use parking spaces which creates a licensor/licensee relationship between the Authority and Licensee. NOW, THEREFORE, and in consideration of the mutual covenants herein contained, the parties hereto agree as follows: ARTICLE 1 Use of Municipal Garage No. 3 1.1 The Authority hereby grants a license and makes available to the Licensee the non-exclusive use of four hundred ninety five (495) unassigned parking spaces (each, a "Space" and collectively, the "Spaces") within Municipal Garage No. 3 by providing Licensee with four hundred ninety five (495) access cards (each, an "Access Card" and collectively, the "Access Cards") which Access Cards will then be provided to the owners of units (the "Unit Owners") within the condominium project (the "Project") to be constructed on 200 NE 3`d Street (the "Property"). Each Space (and the corresponding Access Cards) shall be issued to the Licensee following such time as the City building official issues the first Temporary Certificate of Occupancy ("T.C.O.") for the Project to the Licensee, as requested by Licensee in advance of the closing of the sale of the corresponding unit within the Project (each, a "Unit" and collectively, the "Units"); provided, however, that all Spaces (and the corresponding Access Cards) shall be issued to Licensee no later than the date that is six (6) months following the date the first T.C.O. is issued. 1.2 Each Space (and each corresponding Access Card) shall be available to Licensee (and the individual Unit Owner) until the expiration of one (1) year following the date the specific Space (and corresponding Access Card) is made available to Licensee (this initial period of availability shall hereinafter be referred to as the "First Year"). The individual Unit Owners shall have the ability to extend the availability of each Space (and the corresponding Access Card) following the of 77 MIA 1792020v11 10/16/2006 a°19q- expiration of the First Year for successive one (1) year periods (each, an "Extended Availability Period"), in such Unit Owner's sole and absolute discretion, for as long as Municipal Garage No. 3 is still being operated as a garage by the Authority, by providing written notice to the Authority at least sixty (60) days prior to the expiration of the First Year and, thereafter, at least sixty (60) days prior to the expiration of the applicable Extended Availability Period. Notwithstanding anything to the contrary contained in this License Agreement, if the first T.C.O. for the Project has not been issued to the Licensee on or before five (5) years after the Effective Date, this License Agreement, and any options or rights hereunder shall automatically be null and void on that date without the necessity of further action and without recourse. In addition to the right to terminate this License Agreement in the event of a default, which continues beyond all applicable notice and cure periods as provided in this License Agreement, the Licensee and the Authority may at any time exercise, by mutual, written consent, a mutual decision to terminate this License Agreement by executing a written instrument employing all the same formalities as were used in execution of this License Agreement, providing for such a termination upon such terms and conditions which are mutually acceptable to the parties. Such a termination must, at minimum, include terms that provide for a reimbursement to Licensee of any prepaid Initial License Fee (as hereinafter defined) on a pro -rated basis through the date of termination. Subject to the requirements set forth herein, in the event of execution by the parties of such an instrument of cancellation, this License Agreement shall be of no further operative force or effect and the parties shall be released from all further obligations hereunder, except as may be otherwise provided in the instrument providing for such cancellation. This cancellation will be effective not less than thirty (30) days following a written instrument signed by the parties jointly stipulating to such earlier termination date. A termination accomplished under this Section 1.2 shall be without recourse by either party. 1.3 Licensee agrees that this Agreement has been issued by the Authority to authorize Licensee to occupy the Spaces solely for the limited purpose of the Services and no other purpose. The parties hereby agree that the provisions of this Agreement do not constitute a lease and the rights of Licensee hereunder are not those of a tenant but are a mere personal privilege to do certain acts of a temporary character and to otherwise use the Spaces subject to the terms of this Agreement. No leasehold interest in the Spaces is conferred upon Licensee under the provisions hereof and Licensee does not and shall not claim at any time any leasehold estate or ownership interest in the Spaces by virtue of this Agreement or its use of the Spaces hereunder. Additionally, Licensee does not and shall not claim at any time any interest or estate of any kind or extent whatsoever in the Spaces. Page 2 of 12 SUBMITTED INTO THE PUBLIC RECOD FOR lTEM-.1 0N3 ko, ARTICLE 2 License Fee SUBMITTED INTO THE PUBLIC RECORD FOR ITEM?z. ON 3--t'1. 2.1 The license fee for the First Year shall be $120 per month per Space for a total of $712,800.00 (the "Initial License Fee"). The Initial License Fee shall be paid by the Licensee to the Authority as follows: (a) one-third shall be paid on the date which is five (5) business days following the issuance by the City building official of the first T.C.O. for the Project, (b) one- third shall be paid on the date which is two (2) months following the issuance by the City building official of the first T.C.O. for the Project, and (c) one-third shall be paid on the date which is four (4) months following the issuance by the City building official of the first T.C.O. for the Project. 2.2 The license fee for the first Extended Availability Period shall be $80 per month per Space, which amount shall be paid by the individual Unit Owners quarterly, prior to the commencement of applicable quarter. The license fee for each additional Extended Availability Period shall be the market rate prescribed in the City's Parking Rate Ordinance for the Central Business District from time to time, which amount shall be paid by the individual Unit Owners quarterly, prior to the commencement of the applicable quarter. The license fee during any Extended Availability Period shall be paid directly by such Unit Owners and the Authority shall have no recourse against the Licensee for any failure of the Unit Owners to pay such fees when due. The Licensee and the Authority hereby agree that access cards provided to individual unit owners who fail to pay the license fee for any Extended Availability Period within ten (10) business days of the due date shall be returned to the Authority and the Authority may, in its sole discretion, assign those Spaces to other customers of the Authority. 2.3 The Initial License Fee or other sums due the Authority from Licensee which are not paid within ten (10) days following the date then due will automatically accrue interest at the rate of eighteen (18%) percent per annum until paid in full. Such interest payment shall be deemed to be an additional license fee and it's acceptance by the Authority shall not be deemed to be a consent by the Authority to late payments, nor a waiver of the Authority's rights to insist upon timely payments at any time, nor a waiver of any remedies to which the Authority is entitled to as a result of late payments. In the event the Authority must institute a civil action to collect the Initial License Fee from the Licensee, or any authorized successor or assignee, the Authority shall be entitled to terminate this Agreement and recover it's court costs and a reasonable attorney's fee for their counsel in such a collection action. ARTICLE 3 Covenants of the Licensee 3.1 Except as otherwise provided in this Article 3, the Licensee shall not sell, transfer, assign, sublease, or otherwise dispose of its interest in this License Agreement or any portion thereof without securing the prior written consent of the Authority, which consent may be reasonably or unreasonably withheld, refused or delayed. In order to approve of any assignment Page3of12 SUBMITTED INTO THE PUBLIC RECORD FOR ITEM rz.i ON =la>l�, the Authority must first be subjectively satisfied in all respects after it makes inquiry, acting m due diligence, as to the proposed assignee. Notwithstanding the foregoing, Licensee shall be entitled to assign this License Agreement (in whole or in part), without the consent of the Authority, to (i) any assignee "Condominium Association" (which term shall have the same meaning as "Association" as defined by the State of Florida Condominium Act, as amended from time to time), and (ii) to any entity which acquires title to the Property upon which the Project is to be constructed, provided such entity develops the Project. Upon any permitted assignment hereunder, the Authority agrees that the Licensee shall be automatically released from all liability for any obligations under this License Agreement assumed by the assignee. The form of assignment and assumption agreement must be pre -approved by the Authority, such approval not to be unreasonably withheld, conditioned or delayed. Any proposed assignee other than the Condominium Association referenced above or a successor fee simple owner of the property upon which the Project is to be developed must sign an assignment/assumption assignment agreement affirming that the Assignee will comply with every duty and requirement of this License Agreement in a form reasonably satisfactory to the Authority and approved as to legal form by the City Attorney before being considered for approval by the Board of the Authority. The requirements of this Section constitute separate and independent consideration exchanged between the parties in order to induce the Authority to consider granting approval of assignments of this License Agreement. 3.2 In connection with the creation of the condominium(s), the Licensee presently intends on subleasing and/or assigning this License Agreement to a Condominium Association, which is permitted under Section 3.1 above. Notwithstanding anything to the contrary in this License Agreement, the Authority agrees that in the event of any default by the Condominium Association which continues beyond all applicable notice and cure periods, the Authority shall have all remedies available against such association at law and/or equity. 3.3 Notwithstanding anything to the contrary contained in this License Agreement, the Access Cards shall be freely transferable by the Unit Owners to subsequent owners of units within the Project upon the sale of their units within the Project. 3.4 The Licensee shall be permitted to assign its rights under this Agreement, without the prior written consent of the Authority, to any lender providing financing for the acquisition of the Property and/or the construction or development of the Project (each, a "Lender"). The Authority agrees to (a) provide each Lender with notice of any Event of Default (as hereinafter defined) by Licensee hereunder (to the extent the Authority has been provided with the address for such Lender(s)) and an opportunity to cure any Event of Default, and (b) cooperate in good faith with each Lender and execute such additional documentation (including, without limitation an amendment to this License Agreement which does not adversely affect the economics of the transaction or impose any material liabilities upon the Authority), subject to being in a form reasonably acceptable to the Authority, in order to provide customary lender protections, to the extent reasonably requested by such Lender. 3.5 The Licensee shall fully comply with all laws, statutes, ordinances, rules, orders, regulations and requirements of the federal, state, county and city governments applicable to its use hereunder. The Licensee represents and warrants that there shall be no unlawful Page 4 of 12 SUBMITTED INTO THE PUBLIC RECORD FOR ITEM?z.i_ON3-x_ discrimination as rovided by federal, state or local law, in connectionr or p �manr�nf this License Agreement. ARTICLE 4 Damage or Destruction of the Spaces; Condemnation; Maintenance of Spaces 4.1 If during the First Year the Municipal Garage No. 3 shall be damaged by fire or other casualty and some or all of the Spaces are rendered unfit or unusable for the use and purpose for which this License Agreement is granted, the Authority shall promptly notify Licensee of such damage and the Authority shall, at the Authority's option, either (i) at its sole cost and expense proceed with reasonable diligence to rebuild and replace the Spaces to their former condition within Municipal Garage No. 3, or (ii) provide the Licensee with alternative Spaces within a parking garage either (x) within a 1000 foot radius of the Project or (y) within a 600 foot radius of a metromover station within the Central Business District of the City, so that the Licensee has the use of four hundred ninety five (495) parking spaces during the First Year. In the event the Authority elects to reconstruct the Spaces within Municipal Garage No. 3, during the period of time that the Spaces are being rebuilt, repaired or replaced, the Authority shall provide the Licensee with alternative Spaces (x) within a 1000 foot radius of the Project or (y) within a 600 foot radius of a metromover station within the Central Business District of the City, so that the Licensee has the use of four hundred ninety five (495) parking spaces during the First Year. Without limiting any remedy available to the Licensee in the event the Authority fails to comply with its obligations hereunder, Licensee shall be entitled to a refund of a proportionate amount of the prepaid Initial License Fee equal to the period of time the Authority fails to provide the Spaces or alternative Spaces as required by this Section 4.1. 4.2 If during the First Year either the entire Municipal Garage No. 3 shall be taken as a result of the exercise of the power of eminent domain, or a portion of the Municipal Garage No. 3 shall be so taken such that the full number of Spaces are not available, the Authority shall provide the Licensee with alternative Spaces within a parking garage either (x) within a 1000 foot radius of the Project or (y) within a 600 foot radius of a metromover station within the Central Business District of the City, so that the Licensee has the use of four hundred ninety five (495) parking spaces during the First Year. In the event the Authority fails to comply with its obligations hereunder, Licensee shall be entitled to a refund of a proportionate amount of the prepaid Initial License Fee equal to the period of time the Authority fails to provide the Spaces or alternative Spaces as required by this Section 4.2. Provided the Authority complies with its obligation hereunder to provide Spaces or alternative Spaces, Licensee acknowledges and agrees that Licensee shall have no interest or right in and to any condemnation award paid to the Authority. 4.3 The Authority covenants during the First Year and each Extended Availability Period, at its sole cost and expense, to maintain the Municipal Garage No. 3 and the Spaces as now existing or in the future altered or replaced and all fixtures located or to be located therein, and to keep the same in reasonably good order and condition, except only for wear and tear incident to the ordinary use for the purposes permitted in this License Agreement. All repairs shall be performed in material compliance with all laws, rules, statutes, ordinances and Page 5 of 12 regulations. Repairs and renovations shall be accomplished by the Authority in a manner so that the full number of Spaces leased to the Licensee under this License A reement shall always be available for use by the Licensee. SUMITTED INTO THE ARTICLE 5 PUBLIC RECORD FOR 5.1 occurs: Events of Default ITEM T2.1 ON 31 1 p-j There shall be an "Event of Default" by the Licensee if any one of the following 5.1.1 The Licensee shall fail to pay the Initial License Fee or other sum due the Authority from the Licensee, including, without limitation, interest on any late Initial License Fee as required herein, within thirty (30) days of the date due. 5.1.2 Subject to the time period afforded for curing monetary defaults in Section 5.1.1, if the Licensee shall fail to perform or comply with any term or provision hereof or with any other agreement Licensee has with the Authority or the City when such default is not cured within thirty (30) days of the date hereof and such failure shall continue for more than 30 days after written notice thereof from the Authority to the Licensee or longer, to the extent such default cannot reasonably be cured within said thirty (30) day period and the Licensee proceeds with due diligence to cure such default, provided that the cumulative cure period shall not exceed ninety (90) days. 5.1.3 The Licensee becomes insolvent as that term is defined by State law or the Licensee has an assignment for the benefit of creditors made or the Licensee is adjudicated as bankrupt and does not assume this License Agreement in bankruptcy within sixty (60) days of fling. 5.2 If any Event of Default shall occur which is not cured within the time provided, in addition to all other remedies provided by law, the Authority may re-enter and re -let the Spaces for the account of the Licensee or for the account of the Authority, as the Authority may elect, and retain the proceeds thereof without relieving the Licensee of the obligation to pay any deficiency therein. For a monetary default the Authority is entitled to cancel this License Agreement and/or resort to its rights and remedies when any event of default is not fully cured to the satisfaction of the Authority within thirty (30) days following the date the default notice was given. For any non -monetary default the Authority is entitled to cancel this License Agreement and/or resort to its rights and remedies when after having giving written notice of the default, as is provided herein, such default continues for a period of thirty (30) days after receipt of such notice except when the default is of a nature that cannot be cured within such thirty (30) day period, if Licensee fails to commence to cure within sixty (60) days of its receipt of such notice and if such default is not substantially cured within a reasonable period of time (not to exceed Page 6of12 ninety (90) days) following such notice then the Authority may, at its option, terminate this License Agreement by giving one further ten (10) days written notice. The Licensee agrees that it shall have no recourse in law or equity from such cancellation of this License Agreement. 5.3 No failure of the Authority to exercise any power hereunder or to insist upon strict compliance by Licensee with any of its obligations hereunder and no custom or practice of the parties at variance with the terms hereof shall constitute a waiver of the Authority's rights to demand exact compliance with the terms hereof. ARTICLE 6 Notices 6.1 Notices. All notices or other communications that may be given pursuant to this License Agreement shall be in writing and shall be deemed properly served if delivered by personal service or sent by registered or certified mail postage prepaid to the address shown below. Notices delivered shall be deemed given on the day on which personally served; or if by certified mail, on the fifth day after being posted or the date of actual receipt, whichever is earlier. Such notices shall be deemed properly served on the addressee whether or not delivery or tender of delivery is accepted, when the addressee has given that address pursuant to this Agreement. Either party may change its address from time to time by notice in writing to the other. If to Licensee: TRG-Downtown Loft III, Ltd. c/o The Related Group 313 S. Biscayne Blvd., 3rd Floor Miami, Florida 33131 L I [� I Attention: Oscar Rodriguez Q h LL � With a copy to: Greenberg, Traurig, P.A. Q Q 1221 Brickell Avenue I--- tj Miami, Florida 33131 Attention: Joel K. Goldman, Esq. V If to Authority: Executive Director L.:J Department of Off -Street Parking 190 N.E. 3rd Street C_) Miami, Florida 33132 m CO With Copy to: Director, Planning and Development 1-1-1 Department of Off -Street Parking (f) Q_ ! 190 N.E. 3rd Street Miami, Florida 33132 With a Copy to: City of Miami City Attorney 444 S.W. 2nd Avenue, Suite #945 Miami, Fl. 33130-1910. Page 7 of 12 ARTICLE 7 General Provisions SUBMITTED INTO THE PUBLIC RECORD FOR ITEMz_ON3-»--7 , 7.1 Entire License Agreement. This License Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and there are no agreements, understandings, covenants, conditions or undertakings, oral or written, expressed or implied, concerning such subject matter that are not merged herein. Specifically, the parties agree that this License Agreement shall supersede any contemporaneous or prior agreements, understandings, representations, etc. and that they are of no further force or effect. 7.2 Amendment or Rescission. This License Agreement shall not be modified or rescinded except by a written instrument setting forth such amendment, modification or rescission and signed by the parties hereto using the same formalities as were used for its execution. 7.3 Persons Bound Gender. The benefits and obligations of this Contract shall inure to and bind the respective heirs, personal representatives, successors and assigns (if permitted) of the parties hereto. Whenever used, the singular shall include the plural, the plural the singular, and the use of any gender shall include all genders. The term Licensee shall always be interpreted to include any successors or assigns of Licensee, including, without limitation, a Condominium Association assuming the Licensee's performance hereunder. 7.4 Governing Law. This License Agreement shall be governed by and construed in accordance with the laws of the State of Florida, regardless of any conflicts of laws or other rules, which would require the application of the laws of another jurisdiction. 7.5 Jurisdiction. In case of any controversy or dispute arising out of this License Agreement, both parties agree and accept to be subjected to the jurisdiction and competence of the State and Federal Courts of Miami -Dade County Florida as the exclusive forum for such controversy or disputes forsaking any other jurisdiction, which either party may otherwise be entitled to claim. In order to expedite the conclusion of any controversy or dispute the parties mutually waive their rights to demand a jury trial, to claim attorney's fees from the other or to file permissive counterclaims in any controversy or dispute between them arising out of this License Agreement. 7.6 Taxes. The Licensee shall be solely liable and responsible for payment of any sales or use tax, and parking surcharge, which are applicable to the licensing of the Spaces. 7.7 Independent Status. Except as specifically provided herein, nothing contained in this License Agreement shall be construed to constitute a party as agent for the other party. Except as specifically provided herein, neither party shall have the right to bind the other party, transact any business in the other party's name or on its behalf in any manner or form, or to make any promises or representations on behalf of the other party. This License Agreement shall not create a joint venture, partnership or any other affiliation or business relationship between the parties. It is merely the licensing of parking spaces to the Licensee. Page 8of12 SUBMITTED INTO THE PUBLIC RECORD FOR ITEM v'z ON 3\2-4)-1 7.8 No waiver of Default. Any failure by the Authority at any time or from time to time to enforce and require the strict keeping and performance of any of the terms and conditions of this License Agreement shall not constitute a waiver of any such terms and conditions at any future time and shall not prohibit the Authority from insisting on the strict keeping and performance of such terms and conditions at any later time. No waiver by the Authority shall be effective unless it is reduced to a writing signed by the Authority. 7.9 Waiver of Jury Trial. The parties hereby knowingly, voluntarily, and intentionally waive any right they may have to a trial by jury in any litigation arising out of or in connection with this License Agreement. The parties acknowledge that this provision is a material inducement for Licensee and Authority entering into this License Agreement. 7.10 Interpretation. Should the provisions of this License Agreement require judicial or arbitral interpretation, it is agreed that the judicial or arbitral body interpreting or construing the same shall not apply the assumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction, that an instrument is to be construed more strictly against the party which itself or through its agents prepared same, it being agreed that the agents of both parties have equally participated in the preparation of this License Agreement. 7.11 Captions. The captions or headings of the Sections and other subdivisions hereof are inserted only as a matter of convenience or for reference and shall have no effect on the meaning of the provisions hereof. 7.12 Third Party Beneficiaries. The parties agree there are no third -party beneficiaries to this License Agreement other than the individual Unit Owners and that no third party other than the individual Unit Owners shall be entitled to assert a claim against either based on this contract. 7.13 Joint Effort. Preparation of this License Agreement has been a joint effort of the City (and the Authority) and Licensee and the resulting License Agreement shall not be construed more severely against one of the parties than the other. 7.14 No Joint Venture. This License Agreement merely represents the relationship of licensor and licensee between the parties. This License Agreement shall not be interpreted in any manner to imply a joint venture, partnership, common enterprise, or any other type of business affiliation between the parties. 7.15 Brokers. Authority and Licensee hereby represent and warrant, each to the other, that they have not dealt with, any broker, finder or any other person, firm, corporation or other legal entity so as to create any legal right or claim of any kind or nature for a commission or similar fee or compensation with respect to or arising out of this License Agreement. Authority and Licensee hereby indemnify each other against, and agree to hold each other harmless from, any liability or claim (and all expenses, including, without limitation, reasonable attorneys' fees, incurred in defending any such claim or in enforcing this indemnity) for a real estate brokerage commission or similar fee or compensation arising out of or in any way Page 9 of 12 connected with any claimed dealings with the indemnitor and relating to this License Agreement. The provisions of this Section shall survive the expiration or sooner termination of this License Agreement. 7.16 Covenant of Quiet Enjoyment. Authority represents to Licensee that, so long as Licensee performs its obligations under this License Agreement, Licensee shall peaceably have and enjoy the Spaces free from hindrance by anyone during the First Year and each Extended Availability Period, and Authority agrees to warrant and defend Licensee in the peaceful and quiet enjoyment of the Spaces so long as Licensee is not in default hereunder beyond the expiration of any grace periods. 7.17 No Discrimination. Licensee will not unlawfully discriminate as provided by federal, state or local law, in connection with the performance of this agreement. [The remainder of this page is intentionally left blank.] SUBMITTED INTO THE PUBLIC RECORD FOR ITEM z ON 31»10. Page 10 of 12 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their respective officials thereunto duly authorized, this l ( day of +t ftWy , 2006. AUTHORITY: DEPARTMENT OF OFF-STREET PARKING, an agency and instrumentality of the City of Miami, Florida, d/b/a Miami Parking Authority ATTEST: By: of Off -Street Parking Arthur Norga, Executive Director APPROVED AS TO LEGAL FORM APPROVED AS TO INSURANCE AND CORRECTNESS: Jorge . ' ernandez DO G: neral Counsel/ City Attorney REQUIREMENTS: LeAAnn Brehmn siirator Risk Management Department SUBMITTED INTO THE PUBLIC RECORD FOR ITEM1'z.\_ON al»lo, , Page 11 of 12 SIGNED in the presence of: WITNESSES: (Signature of First Witness for Licensee) C (Print N d & Title) (Signatur- o '.econd Witness for Licensee) (Print Name & i le) MIA I77792020v11 10/16/2006 LICENSEE: TRG-DOWN • WN LOFT III, LTD., a Florida Limited Partn fthip By: TRG- to o I , Inc., a Florida corpora n, its r artner By: Akosl Name: e' cAQ. (ZoI Zi. Title: vit5 prE,;G2N SUBMITTED INTO THE �RD FOR�PUBLIC Page 12 of 12