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HomeMy WebLinkAbout15-00736 Backup - 1SUPPORTING CITY Old' DOCUMENTATION OFFICE OF THE CITY ATTORNEY MEMORANDUM TO: Clarence E. Woods, Director of Southeast Overtown/Park West Co t �t R d; e +pment Agency FROM: Victoria Mendez, City A DATE: April 30, 2015 RE: SEOPW Executive Director is authorized to review and approve plans/applications for a media tower Matter No. 15-411 You have requested my Office's opinion on the e following questions: 1, Whether Section 6.5.1 of Miami 21 grants you the authority to review and approve signage plans for the Miami Media Tower. 2. Whether you may condition that approval upon the applicant's proffered commitments to make financial and other contributions for the benefit of the Southeast OvertownlParkwest Community Redevelopment Agency ("ClIA"). 3. Whether the signage plans for the Miami Media Tower require a Warrant and/or a sign permit, particularly for signage above fifty (50) feet. AINAINSIS A tl�oriry of CRA. Director ft is our opinion that you have been granted the authority to review and approve the signage for the Miami Media Tower under Section 6.5.1. of Miami 21 and that you may attach reasonable conditions to that approval. Your authority to review and approve signage is expressly provided for in Section. 6.5.1, which states as follows: All applications stall require a mandatory review and approval by the Executive Director of the CRA. (emphasis supplied) 1 Formerly known as Section 6.5.4, tine section was renumbered following the adoption of Ordinance No. 13464. Clarence E. Woods, rlr, Executive Director of SEOPW-CRA April 30, 2015 Page 2 of 3 However, you are not the only review in that your review has not supplanted that of the Zoning Administrator per this section nor any other applicable reviewers. The section states all applications shall require "a" mandatory review not the sole review. Moreover there is no language delegating the role of the Zoning Administrator as to signage. This section in fact requires that you review all applications under this section. See e.g., Whiley v. Scott, 79 So. 3d 702, 715 (Fla. 2011) (Where legislature delegated authority to a department head, the Governor or his Executive Office could not supplant the department head's role and authority through Executive Order.) see also Acosta v. Richter, 671 So.2d 149, 153 (Fla. 1996) ("The plain meaning of statutory language is the first consideration of statutory construction.") In your review, you must take into consideration the following: Criteria. It is the purpose of the Miami Media Tower to (a) define an area in the City where signage of this type can be placed on. a tower(s) that, together with architectural design standards for Buildings within the area as well as 'Urban Design standards based on new urbanist principles in the area of the City, will establish a unique local, regional and national identity within the area; (b) strengthen the eeonomy of the City by encouraging the development and redevelopment of a depressed, blighted and slum area within a major redevelopment area within the downtown core of the City; and (e) provide a source of funds to be used exclusively within said redevelopment area for redevelopment related activities, and nothing else. Please note that while your review and approval oldie signage is required, the applicant must also obtain a Sign Permit as set forth in Section 7.1.2.9, which permit is subject to applicable criteria and any applicable appeal provisions in Miami 21 via the Zoning Administrator. Conditions on Approval As part of your authority to review and approve applications, you have the implied authority to impose reasonable conditions upon that approval. See State Board of Education v, -l\relson, 372 So, 2d 114, 116 (Fla. 1st DCA 1979) ("The power to issue a oertiflcate.. . necessarily and by fair implication includes the authority to specify the conditions under which such certificates shall be held and revoked"); Dep rt of Health & Rehabilitative Servs. v. Florida Psychiatric Soc., .Inc., 382 So. 2d 1280, 1285 (Fla. 1st DCA 1980) (confirming holding in Nelson).. Where the applicant has proffered as part of the application certain financial and other benefits, you have the authority to condition the approval on the performance of those commitments, This is particularly the case Where they bear a reasonable nexus to the purpose and intent of Section 6.5.1, which is to generate a source of funds to be used exclusively within the CRA for redevelopment activities 2 2 Any proffered commitments should be memorialized in a written instrument binding the applicant. Clarence E, Woods, Ili, Executive Director of SEOPW-CRA April 30, 2015 Page 3 of 3 Necessity of a Warrant for Signage Section 6.5.1 of Miami 21 is the enabling legislation for the Miami Media Tower that, inter alla, allows for certain signage in conjunction with the Miami Media Tower that would not otherwise be authorized by Miami 21.3 However, Section 6.5.1 does not obviate the need for compliance with all other applicable portions of Miami 21, the City Code, or other applicable laws and regulations. The fact that Section 6,5.1 discusses the need for sign permits in connection with the Miami Media Tower does not supersede other applicable regulations. Signage fifty (50) feet above the Average Sidewalk Elevation as defined in Miami 21 requires a Warrant.4 As the specific Miami Media Tower legislation is silent as to any modification of this requirement, it is still applicable. Such signage could be accomplished via the "Special Sign Package" provision of Miami 21, though such an alternative requires a Warrant as we11.5 Lack of Authority of CRA Board The power to adopt land development regulations is vested solely in the City Commission, and in this particular instance by Ordinance No, 13114 granted the review of signage to you as the Executive Director, not the C1tA. Board. See generally, Whitey, 79 So. 3d 715. Moreover, the organizational documents between Miami -Dade County and the City of Miarui do riot provide any such authority to the CRA. Therefore the CRA Board does not have any actual or apparent authority to ratify or alter your decision. VM/RSRIDSO/rg fix E.g., allowing "Outdoor advertising business signs" and "Animated and Flashing signs", Cf, Section 10,14(c)(1) of Miami 21 prohibiting "Illuminated Signs containing functions of Animated Signs." Section 10.3.6, Miami 21. 5 Section 10.3,7, Miami 21. Prepared by and after recording in the public records please return to : William R. Bloom, Esq. Holland & Kn.ight LLP 701 Brickell Avenue, Suite 3300 Miami, FL 33131 RESTRICTIVE COVENANT THIS RESTRICTIVE COVENANT (the "Covenant' is made as of this l2' day of December, 2014 by and between NW 1ST AVENUE AND 10T STREET, LLC, a Florida limited liability company ("First Ave"), 59 NW loth Street, LLC, a Florida limited liability company ("59 NW"), and 41 NW 10 Street, LLC, a Florida limited liability company ("41 NW"; together with First Ave and 59 NW, collectively, the "Owner"), and MIAMI BIG BLOCK, LLC, a Florida limited liability company ("MBB"; together with First Ave, 59 NW and 41 NW, collectively, the "Developer"), and the SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (the "CRA"). RECITALS A. The Owner is the owner of that certain real property located in the City of Miami more particularly described on Exhibit "A" attached hereto and made a part hereof (the "Property") and MBB is the sole member of First Ave, the sole member of 41 NW and the sole member of 59 NW and as such exercises exclusive control over the Owner . B. Developer desires to develop a building and related improvements on the Property known as the Miami Innovation Tower (the "Proposed Improvements") substantially in accordance with the plans and specifications prepared by Shop Architects, P.C. dated March 19, 2014 prepared for zoning approvals under Drawing Number G-000.00, Z-100.00, Z-101.00, Z- 102.00, Z-103.00, Z-104.00, Z-105.00 and Z-106.00 a copy of which are attached hereto as Exhibit "B" and incorporated herein by reference (the "Preliminary Plans"), and utilize same as a Media Tower as defined in Section 6.5.1 of Miami 21. C. Section 6.5.1 of Miami 21 provides that a "Media Tower is a structure that may serve as a viewing tower and a kinetic illuminated media display system, utilizing signage, video and all other forms of animated illuminated visual message media within the Southeast/Overtown Park West Redevelopment Area. It is intended that such a structure shall be used to achieve an overall effect and aesthetic consistency within the private -owned properties within the area based upon criteria provided for and set forth in the Southeast/Overtown Park 1 West Redevelopment Area Plan and applicable provisions of Chapter 163, Part III, Florida Statutes." Tower: D. Section 6.5.1 of Miami 21 further provides the following criteria for a Media "criteria. It is the purpose of the Miami Media Tower to (a) define an area in the City where signage of this type can be placed on a tower(s) that, together with architectural design standards for Buildings within the area as well as Urban Design standards based on new urbanist principles in the area of the City, will establish a unique local, regional and national identity within the area; (b) strengthen the economy of the City by encouraging the development and redevelopment of a depressed, blighted and slum area within a major redevelopment area within the downtown core of the City; and (c) provide a source of funds to be used exclusively within said redevelopment area for redevelopment related activities, and nothing else." E. Developer obtained a letter dated March 25, 2014 from Irene S. Hegedus, AIA, Zoning Administrator for the City of Miami (the "Zoning Letter"), indicating that the Proposed Improvements may be developed on the Property in accordance with the Preliminary Plans and complies with the intent of Miami 21 based upon the current Zoning Ordinance as adopted. The Developer nevertheless hereby acknowledges that the Proposed Improvements must comply with all applicable provisions of Miami 21. F. The Property is located within the Southeast/Overtown Park West Community Redevelopment Area (the "SEOPW Area") and the Southeast/Overtown Park West Community Redevelopment Plan prepared by Dover Kohl in 2004, as updated May 2009 by the Planning Department (the "Redevelopment Plan") designates the area where the Property is located as a possible location for a Media Tower. G. Section 6.5.1 of Miami 21 permits the development of a Media Tower within the SEOPW Area and provides that the "Miami Media Tower shall exist solely in the Southeast Overtown/Park West Redevelopment Area." H. Section 6.5.1 of Miami 21 provides that "A sign permit shall be required for such Signs specified herein. All applications shall require a mandatory review and approval by the Executive Director of the CRA." I. The Executive Director of the CRA (the "Executive Director") has reviewed the Miami Innovation Tower Digital Sign Package prepared by A2a Media dated May 19, 2014 describing five (5) digital signs having a total display area of approximately 84,750 square feet, a copy of which is attached hereto as Exhibit "C" and incorporated herein by reference (the "Sign Package"). J. Developer has requested that the Executive Director approve the application for the Signs, as defined in. Miami 21, included in the Sign Package (the "Sign Permit Application") to be filed with the Zoning Department. Approval by the Executive Director of the CRA. is in addition to and not in substitute for compliance with applicable provisions of Miami 21 and/or 2 the City of Miami Code. Under the current regulations the Developer must submit an application for a Sign Permit pursuant to Section 7.1.2,9 of Miami 21 and the Sign Permit is subject to applicable criteria and appeal provisions of Miami 21. K. The Executive Director has found that: (i) based solely on the Zoning Letter, the Proposed Improvements which Developer intends to utilize as a Media Tower, may be developed on the Property in accordance with the Preliminary Plans and complies with the intent of Miami 21; (ii) the Sign Permit Application appears to be consistent with the criteria set forth in Section 6.5.1 of Miami 21; (iii) the payments to be provided by Developer, as hereinafter provided, will (a) provide a source of funds to be used exclusively within the SEOPW Area for redevelopment related activities as contemplated by Section 6.5.1 of Miami 21, (b) provide community benefits in connection with the construction and operation of the Proposed Improvement, including, without limitation, opportunities for subcontractors whose principal place of business is located in the Redevelopment Area or in the City of Miami to participate in the construction of the Proposed Improvements, (c) provide opportunities for unskilled laborers who reside in the Redevelopment Area or in the City of Miami to participate in the construction of the Proposed Improvements, (d) provide first source hiring opportunities for residents of the Redevelopment Area and the City of Miami for employment in connection with the operation of the Proposed Improvements and (e) provide opportunities for small business enterprises to be involved in the Miami Innovation Tower, all as more particularly set forth in this Covenant. The Executive Director's approval is not a substitute for other applicable approvals required under Miami 21. The Developer and the Owner acknowledges that the Executive Director is not a land development authority or official, is not a land development regulations permitting authority or official and does not exercise the jurisdiction of the Planning and Zoning Director or Zoning Administrator of the City and that Developer must comply with all applicable provisions of Miami 21. L. In consideration of the Executive Director agreeing to approve the Sign Permit Application, Developer agrees to provide the community benefits to the CRA and residents of the SEOPW Area as hereinafter provided and comply with the terms of this Covenant. NOW, THEREFORE, for and in consideration of $10.00 and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Recitals. The Recitals to this Covenant are true and correct and hereby incorporated by reference and made a part hereof. 2. Defined Terms. The following terms used in this Covenant shall have the following meanings: "Affiliate" means (a) as to any Person, any other Person that (i) owns directly and/or indirectly ten percent (10%) or more of all equity interests in such Person, and/or (ii) is in Control of, is Controlled by or is under common ownership or Control with such Person, and/or (iii) is a principal, director or officer of such Person or of nn Affiliate of such Person, and/or (iv) is the spouse, issue, brother, sister, or parent of such Person or an Affiliate of such Person. 3 "Auditor" means an independent third party auditor, who may not be an employee of the Developer, Owner or the CRA, who may be retained on any given year by the Developer or the CRA, at the sole cost and expense of Owner, in accordance with Section 7.4. "Back-up Documentation" means copies of all purchaser orders and other agreements with the Naming Rights Sponsor, Media Sponsors, any other entities with respect to purchasing time, advertising rights and use rights, associated with the Media Displays including any license or use agreements for use of the Media Displays for advertising or any other purpose, and any and all other documents and agreements relating to the Gross Revenues derived directly or indirectly form the Media Displays, together with account summaries detailing the Gross Revenues derived from any such contracts or agreements. "Building Department" means the City of Miami Building Department. "City" means the City of Miami, a municipal corporation of the State of Florida. "Commencement of Signage Operation" means the date that any of the signage included in the Sign Perinit Application is first placed into operation. "Completion" means substantial completion of the Proposed Improvements and the Signage contemplated by the Sign Permit Application, subject only to completion, punch list items, and the issuance of a temporary certificate of occupancy or completion, as appropriate. "Consumer Price Index" means the Consumer Price Index published by the Bureau of Labor Statistics of the United States Department of Labor as the Consumer Price Index for All Items, Miami -Ft. Lauderdale, Base Year 1982-1984 = 100, or its equivalent if discontinued. "Control" means with respect to any Person, the possession, directly or indirectly, of the power to cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, family relationship or otherwise. Controlled and Controlling shall have correlative meanings. "CRA" means the Southeast/Overtown Park West Community Redevelopment Agency, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes. "CRA Approval" means the approval of the Sign Permit Application by the Executive Director. "CRA Board" has the meaning ascribed to said term in Section 5.2.3. "Developer" means First Ave, 41 NW, 59 NY and MBB. "Engineering Report" has the meaning ascribed to said term in Section 4.3. "Enhanced Wages" has the meaning ascribed to said term in Section 5.7. 4 "Executive Director" has the meaning ascribed to said term in the Recitals, "Gross Revenues" means all revenues of any kind or nature derived by First Ave, 41 NW-, 59 NW and/or MBB and/or any of their Affiliates directly or indirectly from (i) any naming rights granted in connection with the Proposed Improvements; (ii) any advertising revenues generated from any of the signage on the Proposed Improvements; and (iii) any use agreements or license to use all or any portion of the signage on the Proposed Improvements. "Innovation Tower" or "Miami Innovation Tower" means the Proposed Improvements and Signage to be utilized as a Media Tower by Developer, its successors or assigns. "Laborer Non -Compliance Funds" has the meaning ascribed to said term in Section 5.3.2. "Laborer Participation Requirement" has the meaning ascribed to said term in Section 5.2.2. "Media Sponsor" means a commercial or public entity sponsor of media content depicted on the Innovation Tower. "Media Tower" or "Miami Media Tower" has the meaning ascribed to said term in 6.5.1 of Miami 21. "Media Displays" means the illuminated media display systems on the Innovation Tower as depicted in the Sign Package consisting of the Plaza Displays and the Tower Displays. "Miami 21" means the Miami 21 Code of the City of Miami, Florida adopted by the City Commission pursuant to Ordinance 13114 on October 22, 2010 and as subsequently amended and codified on May 22 2014. "Minimum Payment" shall mean One Million and No/100 Dollars ($1,000,000.00) per year, which payment amount shall be increased annually commencing one year after the conunencement of Signage operations by an amount equal to the greater of (i) three percent (3%) or (ii) the amount of any increase in the Consumer Price Index over the Consumer Price Index the previous year. "Naming Rights Sponsor" means the principal sponsor of the Innovation Tower which has its name affixed to the Innovation Tower on a permanent or long-term basis and by which name the Innovation Tower is referred to in media references to the Innovation Tower. "Participation Requirements" has the meaning ascribed to said term in Section 5.2. "Percentage Revenue Payments" has the meaning ascribed to said term in Section 7.3.1. "Person" means any individual, corporation, limited or general partnership, limited liability company, trust, unincorporated organization or other entity or natural person. 5 "Planning and Zoning Department" means the City of Miami Planning and Zoning Department unless the term "Planning and Zoning Director" is used in which case it will mean the administrative head of this Department. "Plaza Displays" means the media displays at the podium level that is intended to be viewed by users of the plaza. "Preliminary Plans" has the meaning ascribed to said term in Recital B. "Proposed Improvements" has the meaning ascribed to said term in Recital B and excludes elements referred to herein as Signage. "Property" has the meaning ascribed to said term in the Recital A. "Public Service Display Time" has the meaning ascribed to said term in Section 6.1. "Redevelopment Plan" has the meaning ascribed to said term in Recital F. "SBE" means companies that have been certified as SBE-Construction Services fines by Miami -Dade County pursuant to Section 10-33.02 of the County Code of Ordinances, as same may be amended. "SEOPW Area" has the meaning ascribed to said term in Recital F and is alternatively referred to in this Covenant as the "Redevelopment Area". "Sign Code(s)" shall mean Section 6.5.1 of Miami 21, and applicable provisions of the City of Miami Sign Code, if any . "Sign Package" shall have the meaning ascribed to said terra in Recital I. "Signage" shall have the meaning ascribed to said term in Section 3.3. "Signage Modification" has the meaning ascribed to said term in Section 4.5. "Subcontractor Participation Reports" has the meaning ascribed to said term in Section 5.3. "Subcontractor Non -Compliance Funds" has the meaning ascribed to said term in Section 5.3.1 "Subcontractor Participation Requirement" has the meaning ascribed to said term in Section 5,2.1. "Tower Displays" means the three (3) tower facade Media Display areas located on the tower portion of the Innovation Tower. "Zoning Letter" has the meaning ascribed to said term in Recital E. 3. Miami innovation Tower. 6 3.1 Proposed Improvements. Developer shall develop the Proposed Improvements substantially in accordance with the Preliminary Plans and this Covenant. Any material changes to the Preliminary Plans other than those changes required to comply with applicable City, County, State or Federal laws shall require the approval of the Executive Director, which approval shall not be unreasonably withheld or delayed provided that same is in accordance with the spirit and intent of Preliminary Plans. A material change to the Preliminary Plans, except as required to comply with any City, County, State or Federal law, shall mean changes which increase the aggregate area of the Media Displays or increase the gross square footage of the Proposed Improvements by more than ten percent (10%). 3,2 Maximum Height and Size. The Proposed Improvements including any tower elements, shall not exceed 675 feet from the crown of the road of NW 1st Avenue and the habitable floor area shall not exceed 199,000 square feet. 3.3 Signage. The signage (the "Signage" or "Sign") on the Proposed Improvements shall be substantially in accordance with the Sign Package and the terrns of this Covenant. Any material variation of the Signage that increases the aggregate area of the Media Displays shall require the approval of the Executive Director, and such other approvals as are provided by the Sign Code, as applicable, which approval shall not be unreasonably withheld provided such material variation is consistent with all applicable Sign Codes, the Sign Package and this Covenant. 3.4 Compliance with Applicable Regulations. The Proposed Improvements and the Signage must be designed and constructed in accordance with Section 6.5.1 of Miami 21 and the Sign Package, and the plans and specifications and the Sign Permit Application must be approved by the Planning and Zoning Department and a building permit must be obtained from the Building Department. The execution of this Covenant shall not be deemed or construed as a representation, affirmation or warranty by the Executive Director or the CRA that the Proposed hmprovements and Signage included in the Sign Permit Application comply with Miami 21, the Sign Codes, technical codes ( i.e. electrical, fire, etc.) of the City of Miami Code and Developer acknowledges and agrees that the Proposed Improvements and Signage are subject to the review and approval of the Planning and Zoning and Building Departments. Developer acknowledges it must comply with any applicable provisions of the Florida Building code, and any other regulations having jurisdiction over the Proposed Improvements including, without limitation, Miami 21. 3.5 Application for Building Permit. Developer agrees not to obtain any permits or approvals with respect to the Proposed Improvements and/or a final Sign Permit until this Covenant is executed by all parties, including required mortgagees, and recorded in the public records of Miami -Dade County, Florida. 4. SIGNAGE RESTRICTIONS. 4.1 Signage. Any Signage associated with the Proposed Improvements must be substantially consistent with the Sign Permit Application, must comply with all applicable Sign Codes and regulations and comply with the following criteria (the "Sign Criteria"): 7 4.1.1 The Signage on the Proposed Improvements shall consist of not more than five (5) visual media display systems each of which shall be constructed to display one or more paintings or artistic works, that may be electronic and composed of photographs, animation, or arrangements of color, and that display a commercial or noncommercial message, rely on the Proposed Improvements for rigid structural support, and are applied to the Proposed Improvements or depicted on vinyl, fabric, metallic mesh or other similarly semi -flexible material that is erected parallel to the building's surface. 4.1.2 A maximum of five (5) surfaces of visual Media Displays, including the surfaces of any tower elements. A visual Media Display shall be permitted to cover the entirety of each surface, and shall be oriented to minimize the impact to residential areas, as depicted in the Sign Package. 4.1.3 The material depicted on the Signage shall be predominately pictorial, with text consisting of less than 50 percent of the display at any one time. 4.1.4 The visual Media Displays utilized for the Signage shall be illuminated by light emitting diode (LED) lights or similar technologies. Illumination shall not result in unreasonable glare, light intrusion, and intensity that might pose safety hazards to drivers or pedestrians. 4.1.5 The commercial material depicted on the Signage need not pertain to the use of the Property and may advertise products or services not offered on the Property provided, however, that firearms, tobacco products, and products or services consisting of obscene material are not allowed. 4.1.6 The media displayed on the Tower Displays shall be oriented so as not to face any existing residential unit(s), within 500 feet of the property line of the Property at a height lower than the height of the highest residential unit windows (i.e., the lowest media displayed will be higher than any residential unit windows located within 500 feet of the Innovation Tower). For the purposes of this condition, a residential building shall be determined to be "existing" if it is the subject of a temporary certificate of occupancy as of the date a final building permit is issued for the Proposed Improvements. No portion of Innovation Tower shall be located within 300 feet of any residential units in T3, T4 or T5 Transect zoning districts. 4.1.7 The media display systems utilized for the Signage shall be designed so that illumination of the Signage shall not increase the light levels in any direction by more than the following: 1. 1.75 foot-candles above the ambient lighting level when measured at a distance of 400 feet from the base of the Innovation Tower. 2. 1.5 foot-candles above the ambient lighting level when measured at a distance of 600 feet from the base of the Innovation Tower. 3. 1.25 foot-candles above the ambient lighting level when measured at a distance of 800 feet from the base of the Innovation Tower. 8 4.1.8 The total square footage of the Signage shall not exceed 85,000 square feet. 4.1.9 The Signage shall not display nudity or obscene material as those terms are defined in Section 847.001, Florida Statutes, as interpreted by applicable case law. 4.1.10 Images on the Tower Displays shall consist of kinetic illuminated media, utilizing signage, motion graphics and animation, illustration and all other forms of animated illumination visual message media a minimum of every six (6) seconds. 4.2 Sign Package. Developer represents and warrants to the CRA that the Signage complies with the Sign Criteria set forth in Section 4.1 of this Covenant in all respects and Section 6.5.1 of Miami 2L 4.3 Compliance with Sign Criteria. Prior to Developer operating any Signage in connection with the Proposed Improvements, Developer shall provide to the Executive Director an engineering report (the "Engineering Report") prepared by a Florida licensed electrical engineer certifying to the Developer and the CRA that the Signage actually installed on the Proposed Improvements is substantially in accordance with the Signage Package and complies in all respects with the provisions of Sections 4.1.2, 4.1.6 and 4.1.7 of this Covenant. 4.4 Annual Certification. Not later than March 1 of every year after the Commencement of Signage Operations on the Proposed Improvements, Developer shall submit to the Executive Director an Engineering Report prepared within the last ninety (90) days certifying to the Developer and the CRA that the Signage actually installed on the Proposed Improvements complies in all respects with the provisions of Sections 4.1.2, 4.1.6, 4.1.7 and 4.1.8 of this Covenant. 4.5 Alteration of Signage. In the event Developer modifies any of the Signage installed on the Proposed Improvements (a "Signage Modification"), other than in connection with routine maintenance and repairs, Developer must obtain the approval of the Executive Director which shall not be unreasonably withheld or delayed, subject to compliance with applicable Sign Codes and/ or other applicable regulations. Developer shall not commence the operation of any Signage Modification until after Developer has provided to the Executive Director an Engineering Report confirming that the Signage, as modified by the Signage Modification, complies in all respect to the provisions of Sections 4.1.2, 4.1.6, 4.1.7 and 4.1.8 of this Covenant. 4.6 Compliance with Sign Criteria. Developer covenants and agrees that all Signage shall comply with the Sign Criteria and all other applicable laws regarding the use and operation of any Signage associated with the Proposed Improvements. Developer acknowledges and agrees the operation of any Signage on the Property in violation of the Sign Criteria is strictly forbidden. 5. LOCAL PREFERENCE AND EQUAL EMPLOYMENT OPPORTUNITY. 5.1 In connection with the Proposed Improvements and Signage, the Developer agrees that it and its general contractor will: 9 1. Take definitive action in the recruitment, advertising and to attract and retain minority and female contractors end subcontractors; 2. Provide a reasonable opportunity in the recruitment, advertising and hiring of professionals, contractors and subcontractors residing within the SEOPW Area and within the City; 3. Take reasonable definitive action in retaining employees regardless of race, color, place of birth, religion, national origin, sex, age, marital status, veterans and disability status; 4. Maintain equitable principles in the recruitment, advertising, hiring, upgrading, transfer, layoff, termination, compensation and all other terms, conditions and privileges of employment; 5. Monitor and review all personnel practices to guarantee that equal opportunities are being provided to all employees regardless of race, color, place of birth, religion, national origin, sex, age, marital status, veterans and disability status; 6. Post in conspicuous places, availability to employees and applicants for employment, notices, setting forth the non- discrimination clauses of this Section 5. 7. In all solicitations and advertisements for employment placed by or on behalf of Developer, state that all applicants will receive consideration for employment without regard to race, creed, color or national origin. 5.2 Participation Requirements During Construction. Developer shall comply with the following subcontractor participation requirements an d laborer participation requirements (the "Participation Requirements") with respect to the construction of the Proposed Improvements and Signage: 5.2.1 Subcontractor Participation. The Developer shall require its general contractor to hire not less than twenty percent (20%) of the subcontractors for the construction of the Proposed Improvements to have their principal place of business located in the City, giving first priority to SBE firms whose principal place of business is in the Redevelopment Area which encompasses part of zip code 33136 which Redevelopment Area is shown on Exhibit "D", second priority to subcontractors whose principal place of business is in the Redevelopment Area which encompasses part of zip code 33136, third priority to SBE firms whose principal place of business is located within the boundaries of the Overtown community, as more particularly described in Exhibit "E", which Overtown community encompasses part of zip code 33136 (the "Overtown Community"), fourth priority to subcontractors whose principal place of business is located within the boundaries of the Overtown Community, fifth priority to SBE firrns whose principal place of business is located within zip codes 33127, 33128, 33130, 33136, 33142, 33125, 33150, 33135, and that portion of zip codes 33133 and 33146 commonly known as "West Coconut Grove" (collectively, the "City Targeted Zip Codes") which include 10 the five (5) poverty rated zip codes located in the City, sixth priority to subcontractors whose principal place of business is within the City Targeted Zip Codes, seventh priority to SBE firms whose principal place of business is located in the City but outside the City Targeted Zip Codes, eighth priority to subcontractors whose principal place of business is located in the City but outside the City Targeted Zip Codes and last priority to subcontractors whose principal place of business is outside the City but in Miami -Dade County. For purposes of calculating the twenty percent (20%) subcontractor participation, the twenty percent (20%) participation shall be calculated based upon the numerator being the dollar value of all subcontracts given to subcontractors whose principal place of business is in the City and the denominator being the total dollar value of all subcontracts entered into by the general contractor over the entire course of construction of the Proposed Improvements and Signage (" Subcontractor Participation Requirement"). 5.2.2 Laborer Participation. Developer shall require its general contractor and all subcontractors to hire forty percent (40%) of the labor for the construction of the Proposed Improvements ("Laborer Participation Requirement") from workers residing in the City giving first priority to workers residing in the Redevelopment Area which encompasses part of zip code 33136, second priority to workers residing in the Overtown Community, third priority to workers residing in the City Targeted Zip Codes, fourth priority to workers residing in the City but outside the City Targeted Zip Codes and last priority to workers residing outside the City but in Miami -Dade County. 5.3 Disputes. In the event of any disputes between the Executive Director mid the Developer as to whether any subcontractor has its principal place of business in the City or whether any laborer resides in the City and whether the Developer complied with the priority requirements, the Developer and the Executive Director shall proceed in good faith to resolve the dispute. In the event the dispute is not resolved within ten (10) days either party may submit the dispute to the CRA Board of Commissioners (the "CRA Board") for resolution. The decision of the CRA Board shall be binding on the parties. 5.4 Report Requirements. The Developer shall be required to submit to the Executive Director (i) on a quarterly basis commencing thirty (30) days after the end of the first quarter after the commencement of construction of the Proposed Improvements until thirty days following Completion, detailed reports evidencing compliance with the Subcontractor Participation Requirement during the prior quarter and (ii) on a monthly basis commencing thirty (30) days after the commencement of construction of the Proposed Improvements and the Signage until thirty days following Completion, detailed reports evidencing compliance with the Laborer Participation Requirement during the prior month ("Participation Reports"). The Participation Reports shall contain such information as the Executive Director may reasonably require to enable the Executive Director to determine whether the Developer is in compliance with the Subcontractor Participation Requirement and the Laborer Participation Requirement with respect to the Proposed Improvements. The Participation Reports shall be certified as true and correct by the Developer. 5.4.1 Penalties for Non -Compliance with Subcontractor Participation Requirement. To the extent Developer fails to comply with the Subcontractor Participation Requirements, with respect to the Proposed Improvements and Signage, Developer shall pay to 11 the CRA as a one-time penalty for such non-compliance (a) Ten Thousand and No/100 Dollars ($10,000.00) for each percentage point below the Subcontractor Participation Requirement for the first three (3) percentage points below the Subcontractor Participation Requirement; (b) Twenty Five Thousand and No/100 Dollars ($25,000.00) for each additional percentage point below the first three (3) percentage points below the Subcontractor Participation Requirement for up to three (3) additional percentage points and thereafter (c) Fifty Thousand and No/100 Dollars ($50,000.00) for each additional percentage point below six (6) percentage points below the Subcontractor Participation Requirement(collectively, the "Subcontractor Non -Compliance Funds") with respect to the Proposed Improvements and Signage. The Subcontractor Non - Compliance Funds shall be calculated by the Executive Director after Completion and shall be due and payable within thirty (30) days from the date of Developer's receipt of written statement from the Executive Director stating the amount of Subcontractor Non -Compliance Funds due with respect to the Proposed Improvements and Signage. To the extent of any dispute between the Executive Director and the Developer with respect to the compliance with the Subcontractor Participation Requirement, such dispute shall be submitted to the CRA Board for resolution. The decision of the CRA Board shall be binding on the parties. 5.4.2 Penalties for Non Compliance with Laborer Participation Requirement. To the extent Developer fails to comply with the applicable Laborer Participation Requirement, with respect to Proposed Improvements, Developer shall pay to the CRA as a one- time penalty for such noncompliance (a) Ten Thousand and No/100 Dollars ($10,000,00) for each percentage point below the Laborer Participation Requirement for the first four (4) percentage points below the Laborer Participation Requirement; (b) Fifteen Thousand and No/100 Dollars ($25,000.00) for each percentage point below the Labor Participation Requirement for up to eight (8) percentage points thereafter and (c) Fifty Thousand and No/100 Dollars ($50,000.00) for each additional percentage point below percentage points below the Labor Participation. Requirement (collectively, the "Laborer Non -Compliance Fund") with respect to the Proposed Improvements and Signage. The Laborer Non -Compliance Fends with respect to the Proposed Improvements and Signage shall be calculated by the Executive Director after Completion of the Proposed Improvements and Signage and shall be due within ninety (90) days from Developer's receipt of written statement from the Executive Director stating the amount of Laborer Non -Compliance Funds due. To the extent of any dispute between the Executive Director and the Developer with respect to the compliance with the Laborer Participation Requirement, such dispute shall be submitted to the CRA Board for resolution. The decision of the CRA Board shall be binding upon the parties. 5.5 Participation Requirements During Operation. 5.5.1 Small Business Participation. With respect to the commercial leasable area of the Proposed Improvements which is not occupied or operated by the Developer, its Affiliates, the Naming Rights Sponsor, or any Media Sponsor, Developer covenants and agrees to utilize commercially reasonable efforts to lease such commercial leasable area to small business enterprises whose principal place of business is located in the City giving first priority to small business enterprises whose principal place of business is in the SEOPW Area, second priority to small business enterprises whose principal place of business is in the Overtown Community, third priority to small business enterprises whose place of business is within the City Targeted Zip Codes, fourth priority to small business enterprises whose principal place of 12 business is located in the City outside the City Targeted Zip Codes and last priority to small business enterprises whose principal place of business is located outside of the City but in Miami -Dade County. 5.5.2 First Source Hiring. 5.5.2.1. Employment by Developer. In connection with all employment opportunities available in connection with the operation of the Proposed Improvements and Signage at the Property, including the commercial components of the Proposed Improvements, Developer and all of its Affiliates directly or indirectly involved in the operations of the Property shall recruit and retain employees who are residents of the City, giving first priority to individuals who reside in the Redevelopment Area, second priority to individuals who reside in the Overtown Community, third priority to individuals who reside in the City Targeted Zip Codes, fourth priority to individuals who reside in the City outside of the City Targeted Zip Codes and last priority to individuals who reside outside of the City but in Miami - Dade County, with a requirement of having forty percent (40%)of the work force employed by Developer and its Affiliates at the Property to be residents of the City or County. 5.5.2.2 Employment by Tenants of Developer and Developer's Affiliates. Developer and its Affiliates shall require each of Developer and Developer's Affiliates tenants and subtenants conducting business at the Property to recruit and retain employees who are residents of the City, giving first priority to individuals who reside in the Redevelopment Area, which encompasses part of zip code 33136, second priority to individuals who reside in the Overtown Community, third priority to individuals who reside in the City Targeted Zip Codes, fourth priority to individuals who reside in the City outside the City Targeted Zip Codes, and last priority to residents of Miami -Dade County who reside outside of the City, with a requirement of having forty percent (40%) of the work force employed by such tenants and subtenants of Developer and/or Developer's Affiliates, at the Property be residents of the City or County. 5.6 Training Programs and Community Outreach. Developer covenants and agrees to coordinate efforts with the CRA to develop training programs designed to train residents of the SEOPW Area for the job opportunities contemplated to exist at the Property, including without limitation, coordinating with Miami -Dade College's hospitality programs to review curriculum and assisting the CRA in identifying and developing curriculum for hospitality and entertainment career training programs it creates in the future. Developer agrees to use commercially reasonable efforts to place graduates of any such training programs supported by the CRA or identified by the Executive Director in permanent jobs in the Innovation Tower following its construction. 5.7 Enhanced Wages. Developer shall require its general contractor and subcontractors to pay their part-time and full-time employees working on the Proposed Improvements and Signage, and Developer and its Affiliates shall pay their part-time and full- time employees working in the Innovation Tower either (a) no less than One and No/100 Dollar ($1.00) more than the "Living Wage" as that term is described and set pursuant to Section 2-8.9 Living Wage (A) --- (C) of the Miami -Dade County Code or (b) its gross equivalent when factoring in tips for those service jobs which generate tips provided the pre-tax earnings for such 13 employees guaranteed by the employer are no less than One and No/100 Dollar ($1.00) more than the Living Wage ((a) and (b) are referred to as the "Enhanced Wages"). For avoidance of doubt, the 2014-2015 Living Wage is set forth in that certain memorandum dated May 7, 2014 from Gary T. Hartfield, Director of the Miami -Dade County Internal Services Department, Small Business Development Division, as same may be increased from time to time (the "Living Wage"). In addition, Developer and its Affiliates shall require their respective tenants and licensees in leases and/or use agreements to pay their part -tune and full-time employees working in the Innovation Tower no less than the Enhanced Wages, and the Developer and its Affiliates shall enforce such provisions. 5.8 Failure to Comply with Enhanced Wages During Construction. In the event that the general contractor and all subcontractors fail to pay the Enhanced Wages to any part-time or full-time employees working on the Innovation Tower, which failure is reported to the Executive Director, the Executive Director shall investigate and if the Executive Director, based upon its investigation confirms such non-compliance with the Enhanced Wages requirement, and that same was not a de minimis miscalculation of the Enhanced Wages, the Developer shall pay to the underpaid employee(s) as a penalty for non-compliance the entire amount of wages calculated at the Enhanced Wages that such employee would have earned during his or her employment at the Innovation Tower without any credit being given for the payments made to such employee which did not comply with the Enhanced Wages requirement of Section 5.7 of this Covenant. By way of example, and without limitation, an unintentional bookkeeping error or a miscalculation resulting from a change in the Living Wage set by the County during the course of employment shall be considered a de minimis miscalculation. Such amount shall be due to the underpaid employee(s) within thirty (30) days after written demand from the Executive Director. 5.9 Failure to Comply with Enhanced Wages During Operations. In the event Developer and its Affiliates fail to pay the Enhanced Wages to any part-time or full-time employees working at Innovation Tower which failure is reported to the Executive Director, the Executive Director shall investigate and if the Executive Director, based upon its investigation confirms such non-compliance with the Enhanced Wages requirement and that same was not a de minimis miscalculation of the Enhanced Wages, the Developer shall pay to the underpaid employee(s) as a penalty for non-compliance the entire amount of wages calculated at the Enhanced Wages that such employee would have earned during his or her employment at the Innovation Tower without any credit being given for the payments made to such employee which did not comply with the Enhanced Wages requirement of Section 5.7 of this Covenant. By way of example, and without limitation, an unintentional bookkeeping error or a miscalculation resulting from a change in the Living Wage set by the County during the course of employment shall be considered a de minimis miscalculation. Such amount shall be due to the underpaid employee(s) within thirty (30) days after written demand from the Executive Director. 5.10 Jobs and Job Fairs. 5.10.1 Construction Job Opportunities. Developer shall contract with an organization experienced in implementing local preference job opportunities, to broadly disseminate information regarding job opportunities for local area residents and businesses to allow them to participate in construction of the Proposed Improvements and Signage, including, 14 without limitation, hosting at least two (2) job fairs within the SEOPW Area prior to the commencement of the Proposed Improvements, and to assist Developer and its contractor in identifying qualified subcontractors within the priority hiring areas. 5.10.2 Perrnanent Job Opportunities. Developer shall contract with an organization experienced in implementing local preference job opportunities, to broadly disseminate information regarding job opportunities for local residents and businesses post - construction with respect to the Property, including, without limitation, hosting at least two (2) job fairs within the SEOPW Area prior to Completion in anticipation of the opening of the Proposed Improvements, and to assist Developer in identifying qualified subcontractors within the priority hiring areas. Thereafter, Developer shall host at least two (2) job fairs within the SEOPW Area on an annual basis designed to fill employment needs. 6. COMMUNITY BENEFITS. 6.1 Signage for Public Art and Not -for -Profit Entities. Not less than three percent (3%) of the display time of each of the tower facade signs and of the Plaza Display shall be devoted to public art or not -for -profit entities, their events, or public service (the "Public Service Display Time"). The Public Service Display Time shall be evenly distributed through the hours of operation. The CRA, or a community based organization designated by the CRA shall work with the Developer to coordinate and monitor the use of the Public Service Display Time and the CRA or the community based organization designated by the CRA shall determine who has the right to utilize up to sixty seven percent (67%) of the Public Service Display Time. 6.2 Use of Plaza Area. The Plaza area of the Proposed Improvements shall be made available at least once per month for community activities sponsored by the CRA or community based organizations designated by the Executive Director, at no cost. The CRA or a conanaunity based organization shall coordinate such activities with the Developer. 6.3 Tickets for Events. Developer shall make available to the CRA 200 tickets per month (2,400 per year) to provide access to the ticketed viewing elements of the Proposed Improvements at no cost to the CRA to enable the CRA or community based not for profit, charitable, civic, educational, cultural or scientific organizations designed by the CRA to disburse the tickets to residents of the SEOPW Area, particularly school -aged children. 6.4 SEOPW Employment Assistance. Within ten (10) days of the issuance of a building permit for the Tower Displays described in the Sign Package, and after such permit is final and not subject to appeal, Developer shall provide Two Hundred Thousand and No/100 Dollars ($200,000.00) to a community based organization identified by the Executive Director that runs an employment assistance program to benefit the Redevelopment Area and through such assistance encourage the development and redevelopment of depressed, blighted, and slurp areas within the Redevelopment Area. 7. Payment to the CRA upon issuance of Building Permit and Certificate of Completion. 7.1 The Developer shall pay the following fees to the CRA to provide fund sources for redevelopment activities within the SEOPW Area: 15 7.1.1 Within ten (10) days of the issuance of any building permit(s)pursuant to the Sign Permit Application after such permit is final and not subject to appeal, Three Million and No/100 Dollars ($3,000,000.00) 7.1.2 Within ten (10) days of the issuance of a temporary certificate of completion, or its equivalent for any signage included in the Sign Permit Application (and the passage of all applicable appeal periods), but in any event, prior to commencement of Signage Operation, the Developer shall pay to the CRA Two Million and No/100 Dollars ($2,000,000.00). 7.2 Failure to Make Payments. Developer acknowledges and agrees that under no circumstances shall Developer be allowed to operate any electronic Signage on the Property, including any Signage included in the Sign Package, unless and until Developer has made the payments to the CRA contemplated by Sections 7.1.1 and 7.1.2 of this Covenant. 7.3 Continuing Payments to the CRA. 7.3.1 Percentage of Revenue Payments. In addition to the payments to the CRA required by Sections 7.1.1 and 7.1.2 of this Covenant, Developer covenants and agrees to pay to the CRA annually, commencing on the Commencement of Signage Operations, three percent (3%) of the Gross Revenues, but in no event less than the Minimum Payment (the "Percentage Revenue Payments"), except that for the first year of operation the Percentage Revenue Payment due shall be reduced by Two Hundred Thousand and No/100 Dollars ($200,000.00), even if it is below the Minimum Payment, in consideration of the SEOPW Employment Assistance donation described in Section 6.4 of this Covenant. 7.3.2 Payment of Percentage Revenue Payments. Developer shall make the Percentage Revenue Payments to the CRA on a quarterly basis with the first payment due thirty (30) days after the end of the first full three (3) months from Commencement of Signage Operation and thirty (30) days after the end of each quarter thereafter. Each payment shall be accompanied by the Back -Up Documentation sufficient to demonstrate the Gross Revenues utilized to calculate the Percentage Revenue Payment, certified as true and correct by Developer and which shall be made available for review by the Executive Director or his designee. 7.3.3 Annual Adjustment. Not later than April 1 of each calendar year after the Commencement of Signage Operation, Developer shall make available for review by the Executive Director audited financial records reflecting calculation of the Gross Revenues and the calculation of Percentage Revenue Payment. In the event that any such financial statement indicates that Developer has underpaid or overpaid the Percentage Revenue Payment made during the prior twelve (12) months, Developer shall, in the event it has underpaid the amount due in the preceding twelve (12) month period, make the appropriate payment within ten (10) days of submission of the audited financial records of the calculation of Gross Revenues, and in the event it has overpaid the amount due in the preceding twelve (12) month period, make the appropriate adjustment to the next quarterly Percentage Revenue Payment. 7.4 Right to Audit. Subject to reasonable notice, the CRA and its duly authorized agents shall have the right (but not any duty or obligation) no more than twice per 16 calendar year and during normal business hours: (i) to enter the Proposed Improvements and any other location containing the records relating to the Developer, the Proposed Improvements and the Developer's compliance with the terms and conditions of this Covenant; and (ii) to inspect and audit any and all of the Developer's records or accounts pertaining to Gross Revenues, the Developer, the Proposed Improvements and the Developer's compliance with the terms and conditions of this Covenant.If an audit discloses that Developer has miscalculated or misrepresented Gross Revenues over the course of the preceding twelve (12) month period by more than three percent (3%), Developer shall pay for the actual verifiable professional fees and expenses in connection with the audit. Interest shall be applied to any amount determined to be due as provided in Section 16 of this Covenant. 8. REPRESENTATIONS. Developer makes the following representations to the CRA as follows: 8.1 Developer is a limited liability company, duly organized and validly existing under the laws of the State of Florida and has full power and capacity to own their properties, to carry on their business as presently conducted, and to enter into the transactions contemplated by this Covenant. 8.2 Developer's execution, delivery and performance of this Covenant has been duly authorized by all necessary company actions and does not and shall not conflict with or constitute a default under any indenture, agreement or instrument to which such entities are a party or by which they may be bound or affected. 8.3 This Covenant constitutes the valid and binding obligation of Developer and Owner, and it runs with the Property and is enforceable against Developer and Owner and their heirs, successors, assigns, or surviving entities following a merger in accordance with its terms, subject to bankruptcy, insolvency and other similar laws affecting the rights of creditors generally. 8.4 Owner is the owner of good and marketable fee simple title to the Property free and clear of all mortgages or other liens and encumbrances other than taxes and assessments for the current year, and (a) that certain Purchase Money Mortgage, Assignment of Rents and Security Agreement executed by First Ave in favor of 67 N.W. 10tt' Street, LLC, a Florida limited liability company and 85 N.W. 10th Street, LLC, a Florida limited liability company, recorded June 18, 2013, in Official Records Book 28688, at Page 2925 of the Public Records of Miami -Dade County, Florida; and (b) that certain Mortgage executed by 41 NW in favor of Lion Financial, LLC, a Florida limited liability company, dated September 30, 2013 and recorded in Official Records Book 28848, at Page 3350, of the Public Records of Miami -Dade County, Florida (each an "Existing Mortgage"). 9. DEFAULT AND REMEDIES. If Developer fails to comply with any of the terms and provisions of this Covenant, including, without limitation the payment of money or the performance of any other obligation under this Covenant which failure is not cured by the Developer within thirty (30) days of written notice from the CRA, the CRA may pursue all remedies available at law or in equity to enforce the terms and provisions of this Covenant, including seeking injunctive relief 17 10. NOTICES. Any notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand, sent by recognized overnight courier (such as Federal Express), or mailed by certified or registered snail, • return receipt requested, in a postage prepaid envelope, and addressed as follows: If to Developer: Michael Simkins Miami Big Block, LLC 301 W 41 Street, #406 Miami Beach, Florida 33140 With a copy to: If to CRA: Tony Recio, Esq. Edward Martos, Esq. Weiss Scrota Hellman Cole Bierman & Popok, F.L. 2525 Ponce de Leon Boulevard, Suite 700 Coral Gables, Florida 33134 SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGENCY Attention: Clarence E. Woods, III., Executive Director 819 NW 2ud Avenue, 3rd Floor Miami, FL 33136 With a copy to: William R. Bloom, Esq. Holland & Knight, LLP Suite 3300 701 Brickell Avenue Miami, FL 33131 With a copy to: Staff Counsel Southeast OvertownlPark West Community Redevelopment Agency 819 NW 2nd Avenue, 3rd Floor 18 Miami, FL 33136 And with a copy to: And with a copy to: City Attorney Victoria Mendez 444 SW 2" d Ave. Suite #945 Miami, Fl. 33130. Notices personally delivered or sent by fax shall be deemed given on the date of delivery and notices mailed in accordance with the foregoing shall be deemed given upon receipt or the date delivery is refused. 11. CHALLENGES. 11.1 No Liability. Developer hereby forever waives and releases the Executive Director and the CRA from any liability whatsoever, now or hereafter arising in connection with any third party challenge to the granting of the Signage Approval by the Executive Director and this Covenant and covenants and agrees not to initiate any legal proceedings against the Executive Director and/or the CRA in connection with any challenges to the Signage Approval and this Covenant. 11.2 Duty to Defend. In the event of any challenge to the Signage Approval and/or any use made by virtue or accruing or arising by virtue of this Covenant, or alleged violation of any applicable law, sign code or applicable ordinance, regulation or other code, Developer, at its sole cost and expense, shall defend any such third party challenge and tender and make a defense, through administrative, trial and appellate proceedings, on behalf of itself and the CRA by competent defense counsel reasonably acceptable to the Executive Director, and will pay and discharge any damages, judgments, costs, fees or expenses that may be awarded by a court of competent jurisdiction or timely appeal them. The CRA shall cooperate with Developer and, if necessary, participate in the defense of such challenge provided Developer pays the costs of such defense. 11.3 Waiver of Claims. Developer waives any and all claims which Developer now has or may hereafter have against the Executive Director and/or the CRA and or as a result of any third party challenge to the Signage Approval and this Covenant and Developer acknowledges and agrees to assume the risk of any third party challenge to the Signage Approval and this Covenant. Under no circumstances shall Developer be entitled to any recovery with respect to any claims or any cause of action against the Executive Director and/or the CRA resulting from any challenge to the Signage Approval and this Covenant, all such claims being expressly waived by Developer. 11.4 Termination. In the event that the Developer is unable to obtain a Sign Permit(s) for the Signage substantially in compliance with the Sign Permit Application for any reason, and as a result Developer temiinates the Sign Permit Application approved by the Executive Director, or all Sign Permit(s) issued pursuant to the Sign Permit Application are revoked, rescinded, or otherwise rendered invalid through any legal, equitable, or administrative 19 proceeding, this Covenant shall be of no further force or effect upon Developer providing a certificate that the Property cannot be utilized as a Media Tower, and the Developer shall forever be released from any and all obligations provided herein. In such event, upon Developer's written request, the CRA agrees to immediately execute an instrument acknowledging the termination of this Covenant upon presentation of such instrument by Developer. 12. CONSULTANT AND PROFESSIONAL COMPENSATION. Developer may retain consultants and professionals to assist Developer with the negotiation and execution of this Covenant and Developer may compensate those consultants and professionals at their standard hourly rate for services performed, or any other method of compensation that is considered standard and reasonable for that particular service. Notwithstanding anything to the contrary contained herein, in no event shall Developer compensate any such consultant or professional in any form that would be deemed a "bonus", "success fee", or "finder's fee", in exchange for the Signage Approval and this Covenant. All persons retained by Developer or Owners shall be deemed employees or independent consultants of Developer or Owner and not of the CRA. 13. RELATIONSHIP BETWEEN PARTIES. This Covenant does not evidence the creation of nor shall it be construed as creating, a partnership or joint venture or any kind of business entity affiliation between the CRA and Developer. No party can create any obligations or responsibility on behalf of the other or bind the other in any manner. Each party is acting for its own account, and it has made its own independent decisions to enter into this Covenant and as to whether the same is appropriate or necessary. Each party acknowledges that none of the other parties hereto is acting as a fiduciary for or an adviser to it in respect of this Covenant or any responsibility or obligation contemplated herein. Developer further represents and acknowledges that no one was paid a fee, connnission, gift or other consideration by Developer or Developer's agents as an inducement to obtain the Signage Approval or entering into this Covenant. 14. MISCELLANEOUS. 14.1 This Covenant shall be construed and governed in accordance with the laws of the State of Florida. Venue shall be in Miami -Dade County, Florida. All of the parties to this Covenant have participated fully in the negotiation and preparation hereof, and, accordingly, this Agreement shall not be more strictly construed against any one of the parties hereto. 14.2 In the event any term or provision of this Covenant is determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal meaning or be construed as deleted as such authority determines, and the remainder of this Covenant shall be construed to be in full force and effect. 14.3 In the event of any litigation between the parties under this Covenant, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. 20 14.4 In construing this Covenant, the singular shall be held to include the plural, the plural shall be held to include the singular, the use of any gender shall be held to include every other and all genders, and captions and Section headings shall be disregarded. 14.5 All of the exhibits attached to this Covenant are incorporated in, and made a part of, this Covenant. 14.6 Time shall be of the essence for each and every provision of this Covenant. 15. COVENANT RUNNING WITH THE LAND. This Covenant shall be deemed a covenant running with the Property and shall be binding upon Developer and Owner and their successors, heirs, affiliates, subsidiaries and assigns. 16. LIEN RIGHTS UNDER SECTION 5. If Developer fails to pay any amount due the CRA pursuant to Sections 7.1.1, 7.1.2, or 7.3, such unpaid amounts shall bear interest at twelve percent (12%) per annum from the date due until paid and shall be secured by this Covenant. If any amounts due pursuant to Sections 5.3.1 or 5.3.2 have not been paid within sixty (60) days of when due same shall constitute a lien upon the Property having priority as of the recording of this Covenant and same may be foreclosed upon in the same manner in which a mortgage is foreclosed. 17. EXISTING MORTGAGES AND FUTURE MORTGAGES. The CRA acknowledges that the holder of any existing mortgages and the holder of any future mortgages which succeeds to the interest of Developer in the Property under the Covenant, shall not be: a) Liable for any act or omission of any prior owner; or b) Bound by any representation or warranty made by Developer. Further, CRA agrees to give the holder of any mortgage who has provided notice of its existence to the CRA in accordance with the notice provisions of this Covenant, by registered mail or certified mail, return receipt requested sent to Mortgagee's address provided to the CRA, a copy of any notice of default served upon Developer. CRA further agrees that if Developer shall have failed to cure such default within the time provided for in the covenant then such Mortgagee shall have the right but not the obligation for an additional sixty (60) days within which to cure such default before CRA exercises its rights available to it under the Covenant or if such default cannot be cured within that time, then such additional time as may be necessary to cure such default shall be granted if within sixty (60) days Mortgagee has commenced and is diligently pursuing to cure such default (not to exceed one hundred twenty (120) days). The liability of such Mortgagee for the performance of any obligation of Developer under the Covenant shall be limited to Mortgagee's interest in the Property, and CRA hereby agrees that any judgment it may obtain against any mortgagee as a result of mortgagee's failure, as owner, to perform any of Developer's obligations under the Covenant shall be enforceable solely against mortgagee's interest in the Property. 18. ENTIRE AGREEMENT. This Covenant constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and there are no other 21 agreements, representations or warranties other than as set forth herein. This Covenant may not be changed, altered or modified except by an instrument in writing signed by the party against whom enforcement of such change would be sought, with the Executive Director's signature sufficient to bind the CRA. This Covenant shall be binding upon the parties hereto and their respective successors and permitted assigns. 19. ASSIGNMENT. The CRA may assign all or any portion of its rights under this Covenant, including the payments due hereunder, to any third party, with the approval of the CRA Board and any such assignment shall be binding upon the Developer upon receipt of notice of such assignment. 20. TERMINATION OF CRA. Upon the termination of the CRA, all rights under this Covenant not previously assigned by the CRA shall automatically be transferred to the City and thereafter all references to the Executive Director shall be deemed references to the City Manager and all references to the CRA Board shall be deemed references to the City Commission. This will occur automatically by the express terms of this Covenant and will not require any further action by either party to effectuate. IN WITNESS hereof the parties have executive this Covenant as of the date first above written. DEVELOPER: MIAMI BIG BLOCK, LLC, a Florida limited liabilit'company By: Name: Michael Simkins, l Title: co -Manager and authorized signatory NW 15t AVENUE AND 10th STREET, LLC, a Florida limited liability company BY: MANAGING ENTITY, LLC, a Florida limited liability company, its Manager BY: MIAMI BIG BLOCK, LLC, a Florida limited liability comply, its sole Member and Manager By: Name: Michael Sin (ins, Title: co -Manager and authorized signatory 59 NW 10th Street, LLC, 22 a Florida limited liability company BY: MANAGING ENTITY, LLC, a Florida limited liability company, its Manager BY: MIAMI BIG BLOCK, LLC, a Florida limited liability company, its sole Member and Manager By: Name: ichaet Simkins, Title: co -Manager and authorized signatory 41 NW 10 STREET, LLC, a Florida limited liability company BY: MANAGING ENTITY, LLC, a Florida limited liability company, its Manager BY: MIAMI BIG BLOCK, LLC, a Florida limited liability company, it sole Member and Manager By: Name: Michael Simkins, Title: co -Manager and authorized signatory CRA: SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGEN By: Cl AT ! ST: e E. +oods, III., Executive Director le Board -P-4{ I5 Approved for legal sufficiency By : e4.); William R. Bloom, Esq. IIolland & Knight LLP, Special Counsel to CRA. [NOTARY ACKNOWLEDGEMENTS ON FOLLOWING PAGES] STATE OF FLORIDA COUNTY OF MIAMI-DADE ) SS: ) The foregoing instrument was acknowledged before me, this 2` day , 2015, by Michael Simkins, co -Manager and authorized signatory of MIAMI BIG BLOCK, LLC, a Florida limited liability company, on behalf of the limited liability company. He/she is personally ow to me or has produced as identification. - ANDREA SMITH NOTARY PUBLIC STATE OF FLORIDA Comm# FF150988 Expires 111151201 8 My commission expires: STATE OF FLORIDA COUNTY OF MIAMI-DADE ) ) SS: ) Notary Public At13,e-8-A9-S� r v Print Name: f The foregoing instrument was acknowledged before me, this day of 1,t,�„ 2015,pby , L1 „The co-Manager and authorized signatory of MIAMI BIG BLOCK, LLC, a Florida limited liability company, sole Member and Manager of MANAGING ENTITY, LLC, a Florida limited liability company, Manager of NW lst Avenue and 10th Street, LLC, Florida limited liability company , on behalf of the limited liability company. He/she is personally known to me or has produced as identification. hR ANDREA SMITH NOTARY PUBLIC STATE OF FLORIDA Comm# FF150988 Expires 11/15/22018 My commission expires: STATE OF FLORIDA ) SS: COUNTY OF MIAMI-DADE Notary Public Print Name: r The 1 foregoing instrument was acknowledged before me, this clay ofch.�- 2015, by. p� ,� Y °'LIC CIef 03'41IXIA j, co -Manager and authorized signatory of MIAMI BIG BLOCK, LLC, a Florida limited liability company, sole Member and Manager of MANAGING ENTITY, LLC, a Florida limited liability company, Manager of 59 NW 10t11 Street, LLC, Florida limited liability company , on behalf of the limited liability company. He/she is persona ly o me or has produced as identification. Expires 11115/2018 My commission expires: ANDREA SMITH NOTARY PUBLIC STATE OF FLORIDA Commit FF150988 fr Notary Public Print Name: 25 STATE OF FLORIDA ) SS: COUNTY OF MIAMI-DADE t The foregoing instrument was acknowledged before me, this day of �e,w►. ? , 2015, by �1 Gi aM.Ceit,5co-Manager and authorized signatory of MIAMI BIG BLOCK, LLC, a Florida limited liability company, sole Member and Manager of MANAGING ENTITY, LLC, a Florida limited liability company, Manager of 41 NW 10 Street, LLC, Florida limited liability company , on behalf of the limited liability company. He/she is personally mown o me or has produced ANDREA SMITH NOTARY PUBLIC STATE OF FLORIDA Comm# FF150988 Expires 11/15/201a My commission expires: STATE OF FLORIDA COUNTY OF MIAMI-.DADE ) ) SS: ) Notary Public rint Name: as identification. S1r` The foregoing instrument was acknowledged before me, this 9,e day ofVw-C.-, 2015, by Clarence E. Woods, III, Executive Director of SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, a public agenc and body corporate created pursuant to Section 163.356, Florida Statutes, on behalf of the agency. He/she i ersonally mown o me or has produced as identification. ANDREA SMITH NOTARY PUBLIC STATE OF FLORIDA Comm# FF150986 Expires 11/15/2016 My commission expires: Notary Public ,pIer'w , 5; 4 r ! Print Name: 26 EXHIBIT A Legal Description Lots 13, 14, 15, the South 125 feet of Lot 16, Lot 17 less North 15 feet thereof and Lot 18, less the North 15 feet thereof and Lot 19 less the North 15 feet thereof. Block 17, NORTH, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book "B", at Page 41 of the Public Records of Miami -Dade County, Florida, Folio Numbers 01-0101-070.1070 01-0101-070-1080 01-0101-070-1090 01-0101-070-1100 01-0101-070-1110 ,AXEIBrr B Preliminary Plans dated March 19, 2014 est Nr W gym, 40 :,sh 6,.... 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Z-f 0310 'IRhY, R4� k it t�y+[d gnw i •^ *T u *21 We TEN tillall,rterni Wanali shp Maas 1 lgI�I,i�r (31k1k7�s. riV mr. -61.0111.1.110.1 TO IA 4166 gig :t e•••••"..M...,0“.11.4 — _ — — — — — —L — — — 1.1rninat, 11..11111731.711. 10.1110. 1 - ----7-------„_ 4 iz **-^.•6'1:,;"1"j 9s--- _ ___ _ _ __.._ _ !• ...,...041-Itor., — — ei.s.v • " INN porw- ;Y:8111107)11 Wet 20.1.94,2110reLnIVAPI 11W PC' shp .ox.rpre enzestatst-nr. 1..1•11.19.1.a NIBS TOWER looleM11.3111IT AN-m.1C rm.. nom= '`91111:111169 MP Ell aer 19 • IIIIIIIncativrasoon aper4a - VIVA:1MM Imm.err Z-106.00 MIAMI INNOVATION TOWER DESCRIPTION The purpose of the MIAMI INNOVATIONTOWER I"M1Ti is to deliver a world -class Icon that fuses and integrates digital technologies and lighting refectiveof the Information and Digital Age. By creating a signature design, the tower odI become adistinctive beacon that is Miami'sown, The world writ identify the &UTwith Miami and the information and Digital Age similar to how the Ardi,Space Needle and EVfelTower are inextricably part of their respective gateway dties Identities currenttyand In their respective ages of development (Arch In St. Louis and Space Needlein Seattle during the Space Age; Eiffel Tower in Parts during the Indusrrial Age).The dear distinction between the Miami Innovelon Tower and other iconic stnrctureswtf be the used terhnotogies that are cellar -made for a society driven by imagery and realdime Informatleo.whlle hermont£arg with the lowers form and function -The tower wilt be a communications vector that captures the importance of the City. the magnitude of its progression to a world-dassrnetropolls, and emphasizing itsstatus as a gateway and hub to the Americas, all at a location that formes the downtown core and horrorsOvertownfPark West as a dstinct neighborhood with rich history rooted inCulturriThe entbe building from exterior to Interior will utillxestate-of-theart digital and interactive technologies, and that tech no logy be used to tell the story of Miami and ofOvenown The building Is designed with taw distinct features: a tower unlike any building in Miami's skyline and a hovering base that unifies the Entertainment Disttkt and OvertownlParkWesl. Designedas kinetic sculpture, the Miami tnnavationTower isdynaml. evoking movement throughout, Emerg[hg from an active base wrlh public gathering spaces and interval exhibition and media fad?Ities that blend pedestifaraxaied, distinctive architecture with patterns and textures rooted In the neighborhood vernacular, the -three sides sweep up imoa twisting, rotating tower of monumental proportion and deslgn.Themedia components complement and enhance this movement, visually unifying tower and bole with digital tedinoksgies and synchronized lighting -rise display areas at the tower Fever are conflgured to fit within the comsat of the tower's sides, displaying slowly rotating digital content while the base wifl be designed to support the connection with the neighborhood and visitors to the site. featuring more cinema -graphic content and Pghting and digital Interactivity reflective of the neighborhood's need for urban place making and community oathering. Featuring transparent media facades that are resilient to the harsh South Florida Ornate and leading sustainable energy design. the Mfrs digital displayswi9 have a total of8s,750 SF of digitaldisplay technologies with a total of 79,7805F of display area across all three of the tower faces (Displays 1.2. and 3} and 4,970 SF on a wrap -around display at the lower pedestrian level (Displays 4 and 5). collectively, the displays and tower designwill serve as the premier digaat media experience in Mlaml South Florida and the world. DISPLAY 2 2521. rRtn FACADE RMAT59.10 DEGREES, NEvaac•arc a.• sZWM MA n••• NE AXONOMETRIC VIEW DISPLAY 3 mirtIV JCFACfee ROVITE93a CEaMEEs} ✓ , ICONIiEIGHTCOMPARiSON • rssrciev DISPLAY 4 APPROACH FROM NORTHERN PLAZA DISPLAY 2 DISPLAY 3 • PLAN -TI VER LEVEL 1pilltiTj. W" my wri r'c.rrxrmevvrardaacewonnsw DISPLAY 1 a�nwr'c scr, MIAMI INNOVATION TOWER SHEET NOTES tmtpn inStiuvr. area 372129 vr0D 0 9esnv rrraossey SCIE 3r.550 Sa c.or,.av, eaar55rx 225.3050555 orsn 5va Inset 94C:A.noaF 01%1-51.5 I00251' 92E: 1,a5e TOTAL OF ALL DISPLAYS: 84,7.50 SF TOM. rrEorn 11 °WRen ann1 ARIXtrECT swnwmecrs Pic 57ROJCi0RAL Fri altie0R srmarar,ewxm FACADE0AL9NE5R SC Vat, W6n61Cfn al A2aMEDIA /AAM511.1592,055 aar ,m„0rmvr0Arwr 1ST 00001E wee, n, pox DISPLAY 3 5 • a ulYd k Irri 11,511 Srula II LIL x,sf ••K.'0" DISPLAY 5 WEST ELEVATION KxP l sT.TF I i I sr„Y1 cm DISPLAY 3 -- DISPLAY 2 .wf r. .. •air, ...SET: MIAMI INNOVATION TOWER SHEET NOTES >vm; PSYNVP1FO L195.a1Y T R.OMEST] s� zvag s.17.P• -17.a59SF aoTRT� 1!!7,¢ST2 SUE-Sa,WDSE :lxer. ennsei : aoosF SI▪ ZE:17OSS TOTAL OF ALL C) SFLAYS: 64.756 SF MANIFACTURER' G"A PrPE...g,OPPU. OVAtER INUwe il.A1.0.5 C aR pPlePP,PC.IPTGrS PC CCOECONSULTNfT (ADE Sp.yumxls e¢ P,T▪ ime-,, A2aMEDJA YSTRn «atw W� DISPLAY 1 am areEtta7Zati S39°1 'R0.eIRI �FIlYh;' • EAST ELEVATION scut 1.-cr.r.rr at r DISPLAY 1 DISPLAY 4 .• sue .., NORTH ELEVATION ,c�� 1111 DISPLAY 2 ti., . vx..: ✓ NAnaG AFL MIAMI INNOVATION TOWER SHEET NOTES DIGITALOI5PLAT titre Of tAr 1 AM/MTh [5:35. 2 mom., 5$• zf c5e 5F SIZE. 355[45r CAFIRArs PRASE ant.,. ®ear a'Ji't/rS164SF+. $Ih, 11655 TOTAL OF ALL DISPLAYS: 84.750 SF 1WANJFACTI5155:GKO rrAr 140+RN6N O WNER 0.0errC w reorrearzonsmondm 1416.11.11. AR:IOIECT rcra r F SrFUCri+RAi ENGINEER n m,nr+ror+,afAu FACAIIE ENGu+EER crr•s ewa,11.11mu4 wietrmieva �rtrnn cor+SOETAar A2aMEDIA vf AAA AFIA'Z' a>fu I . WA' tram 1hn 3ieD1westiowards the Sb111 M Nmr or er, Min from TA, Wlnar 0l KW 11ih 5t NW 1St Net AGNES aim Item 1E4 leoiEng ELM Mow from 11WWNW Inoltrg EINE N., KALE nM VIIM&thh Paa frOughl COIN. De NW 11T SI INV NW 1.SLNO ▪ : MIAMI INNOVATION TOWER SHEET NOTES DIGITAL DETIAY mfSl DISMAYS (LOY25T slE2f.11E SF DISMAY 2 IIupgC) .1ze-27,ezurEr SISPIAV�. nCUSP' ',o]osF L SMAT roast-t SEE EAOaSE DSMAY S[DA.SEI, SIZE 17E SF TOTAL OF ALL DISPLAYS: 84.750 SF iNAINACTVRER.TiND SYTc NEISIAW SIi OWNER ▪ na»,�wrsva ARCHIMCT SHAacarFCIA PC aueeel�ey, .�I�.R STRUL113hCL ENGINEER FACAEEENGDIDZR • Onn`Tmrenenl IMMTITRM men MCOIM CONSULTANT e lm man trctire VnMCG1q[.0 CODE CONSULTANT C9I:dCLP.SUOPRIS+ac eef *111 ilw+rnocw Kw+IIIs•.,wle .•maerle A2aMED!A w iyxftWwUH f.tTP r elwxLTr1rrw11IAR Nam, R., • STRUCTURAL CONCEPT APPROACH NARRATIVE flr 1r�ra�TO��TCWSETII.'AirillC,lPTAt e1K?I,CEN5 The Miami Innovation Tower will be 633 feet high tower and will need towilh$landhurri- Cane wimis The basic structural concept consists ofa'Yshaped shear wen core. Each Feg of the 'Y'shaped core is abut 350.61n from She center of then- alThe base with mink, the legs of the-Y :The outer dimcrate n of the stair shaft is about 201t 5 in from the center of the'Y'whh a hollow slyer column beyond the stair shalt about 7feet wide to make the outer dimension of the-71eg a 35ft bin dimension at the base and tapering to28ft 6in at the top of thetowcr.The apoecolmate width of each leg of the core is about 21 feet as presently planned. The inside carnerittl each'Y"legs are filleted together bya radius to creates concave configured:m.The final thickness of the walls of the peismatier shaped core will be dependent on the wind tunnel resultsand detailed strrtcturat analy- sis- tt is anticipated that mncreeecore will be post -tensioned to %Sly activatethe concrete thereby iedodro the thickness of the shear wafts and Increasing the dynamic properties of the strvcture,The need fora tuned matt damper (77.101 at the top of the tower to in- crease occupants comfort w13 be dependent on the wind tunnel results and structure/ ana ysls. It will bee tradeoff of extra material versus the cost of a T3.1D. The anticipated design st1HRurai wired pressure at the top of the tower will be about 176p1t based on the present code.Thewind pressure wit be a maaimttrir at the topof the tower and reducing hiangularlyto about50asf at the boson, wind tunnel will be needed to determine theeclual pressures with the porosity of the media YeirSaif"modeled.The core will be supported an a pile supported concrete mat —the thickness of which will be determined based on structural analysisand the pies to be used based on geolechnical recommendations. The sttt._tura1 approach to support the media wan 'sail' istecreate a series of horizontal ,matures at about 15 feet on center vertkally.The width of each one of these horizontal' am, enures on a given level Is about I00 feeLThrec horizontal amateurs will be rreeded at each level which are rotated around the tenttel-1'Shape cnre.nm hodzantalannatures volt have; gap between each of the armatures that varies From 20 Feet al the base to 10 feet at thetap.Tlle local wind pressures on the media wall will be greater than those on the overall structure -the fatcrallwd born theft ho,lzantel ermetteS5131ratlert iedto the centrat'Y"shaped am by radial spokes from liter core to the horizontal al, autumn* distance between the horizantat spokesel the armature will be about 75 Feet. The gravity load of the media wail will be hung to support framing el elevations about 120 feet above grade, and 240 feet above grade and ).rem support Plalforrn3 at Level lialand 373Ft above grade) and Level6 CaMout5531tabove gradel.0erausethe hung hoc. hnntal armatures ere rotating Around ih06'shaped core, the Imager torts fue.sag rods) will' be tilted and s3aCed 15 feet on renter and well inducehoriz ettel!erresin thecae.. imes and support framing ihat wifl be resisted byhorleontOl bracing, Another major slmctureissue of the I.tfaml InntwaUanTower is how fa support the aau- pled cantilever pods. There am two groups of cord levet pods, erne atTower level PO (ele- vation 373 obese grade). and a second cantilever pod at newer level n51553 ;hove grade). There are he,, platforms In the lower pod and Four platforms in the higher pod.The highest leveI of the lowest pod Is 445 feet above grade and highest level at the upper pod is598 feet abieve grade. Selow the tower platform fneach pad there will be3 aneatory deep (15Ft1 trusses spanning tip to tipaf the'Y'shaped tort (about 53 feet) forming a chambered corner equilateral biangte to pier. From these trusser,. perpendbuler tosses will span lmm the'Y'shaped core through these tosses and out to theperimeter of the pod The levels abm+e the tensor each pod, teve3s 1 thru 5Ir the lower pod and Levels 7 thru 9In the upper pod. will be posted down to these transfer tom platforms at Levels00 and 06.71,e perimeter posts similar lolhe hanger rods will be tilted because the floors wilt aims rotate around the cores and the floor diaphragms and bracing will resolve this twist- ing action. The reselling Miami1nnowttlon Tower win be a struturarfour de Force with a unique visual twisting tower which In reality at its core is a prismatic symmetricstructure.This structural approach was successfully developed by Thomtoniornaseltf on the super Nil Shanghai Tovrer that recently topped out. 1nE1L' LG9KING EASE of 0ISPL-AY 2 STAUCIU!?AL ZnAGrtnes VIEW LOOK/NG 50UTH OF OJSPLAY t CCrtr4ETE,COett • I wti'� Ian SiRIIG?LR.i CULlCAUE S AES Imo;. 1Er1Slpa SAG ROOM STFEL 041a!:,GTEs . , I FA:Wt. tra??g1 ll �l1 MIAMI INNOVATION TOWER SHEET NOTES blmhla baker INFO olsstnrst10134513 ta.1lo0F eMPLA72truoom, bete MOO Se DiSMAY3p5G.C3Tl sem aoeose trsrears reAsat ms.te7. teeerk 8041ro SF TOTAL OF ALL DISPLAYS: 84,750 5F MuftrACel tel1Oab +-.eetrFr••.txr OWNER uwweetmee.e Fetwpe treen47 xw racow+mw. 201 b1IDpl CRVSULTATOT .42.veva44.1c Mvadnr CCOEC NSULTANT A2aMEDIA rn..v«Mrrr msrrnw vm o.rn ,ms5rrnnrrtt37.sravenue , wx,.T..s,..... EX13iBIT D Overtown Community Boundaries 2;7rtti St77. �� rw TAVVir2g0 At .:u ufir JOINDERS JOINDER The undersigned joins in this Covenant to subordinate the lien of that certain Purchaser Money Mortgage, Assignment of Rents and Security Agreement (the "Mortgage") from NW Pt AVENUE AND 10il1 STREET, LLC, a Florida limited liability company in favor of 67 N.W. 10TH STREET, LLC, a Florida limited liability company, which was recorded June 18, 2013 in Official Records Book 28688, at Page 2925 of the Public Records of Miami -Dade County, Florida, to all of the terms and provisions of this Covenant, to the same extent as if this Covenant was recorded prior to the Mortgage. 67 N.W. 1011 STREET, LLC, a Florida limited lia ilit co pa By: Name: Title: STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DARE ) The foregoing instrument was acknowledged before me, this ®fi ay of December, 2014, by David /i , ilk-r& .& of 67 N.W. 10'" STREET, LLC, a Florida limited liability company, on behalf of the limited liability comny. He/she is personalty known to me or has produced as identification. Notary Public My commission expires: tie, r ! S, Z-r'1 Print Name: Aigk ,y11111i1/// KAtlffiN HOLMES LLEHA % Naolry Public o Stets of Florida kly Comm. l:upirpa Apr 5, 2015 I 'atr' Car¢ olosiora # LE 09554 hill, 6 47 lik9 - JOINDER The undersigned joins in this Covenant to subordinate the lien of that certain Mortgage (ihe "Mortgage") from 41 NW 10 STREET, LLC, a Florida limited liability company in favor of LION FINANCIAL, LLC, a Florida limited liability company, dated September 30, 2013 and recorded in Official Records Book 28848, at Page 3350 of the Public Records of Miami -Dade County, Florida, to all of the terms and provisions of this Covenant, to the same extent as if this Covenant was recorded prior to the Mortgage. LION FINANCIAL, LLC, a Florida limited liability company By: Name: fk . J Sr A.i,„) Title: ,mot-, STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DARE ) The foregoing instrument was acknowledged before me, this be' day of December, 2014, by Hick:. ( , of LION FINANCIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. He/she is personally known to me or has produced as identification. ANCREA SMITH NOTARY PUBLIC STATE OF FLQRIDA Comm# FF150988 Expires 11/15/2018 My commission expires: Notary Public /q/e 544 Print Name: