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HomeMy WebLinkAboutSubmittal-City Manager-Backup DocumentationCI-FY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Mayor and DATE: September 25, 2014 Members of the City Commission FROM: Daniel J. AlTonso City Manager REFERENCES: SUBJECT: September 29, 2014 City Commission Meeting Agenda — PZ. 7 ENCLOSURES: Revised Development Agreement Please be advised the attached document replaces documentation to an item scheduled in the Planning and Zoning portion of the September 29, 2014 City Commission Agenda: Item PZ.7: The finalized draft version of the development agreement between Miami Worldcenter Group, LLC and affiliated parties is being distributed to you in order to provide the latest documentation. The finalized draft version reflects modifications made to the language addressing job creation based on the first reading discussion, as well as other language corrections and clarifications. cc: Alice N. Bravo, P.E., Deputy City Manager, Ch. _i Francisco J. Garcia, Director, Planning and Zoning I Julia D. Hernandez, Agenda Coordinator .� 11 astructure SUBMITTE INT SHE PUBLIC RECORD FOR ITEM ON___q-391.14 Cite MtiV1q fey — NV -up bocU Vknrc+tiOYl. City of Miami Legislation Ordinance City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-01015dal Final Action Date: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING A DEVELOPMENT AGREEMENT, PURSUANT TO CHAPTER 163, FLORIDA STATUTES, BETWEEN MIAMI WORLDCENTER GROUP, LLC, AND AFFILIATED PARTIES, AND THE CITY OF MIAMI, RELATING TO THE PROPOSED DEVELOPMENT OF A PROJECT KNOWN AS "MIAMI WORLDCENTER" ON APPROXIMATELY ± 23 ACRES, ZONED "MIAMI WORLDCENTER DISTRICT" AND IDENTIFIED AS APPENDIX D OF THE MIAMI 21 CODE, AND LOCATED BETWEEN NORTHEAST6TH STREET AND NORTHEAST 11TH STREET AND BETWEEN NORTH MIAMI AVENUE AND NORTHEAST 2ND AVENUE, MIAMI, FLORIDA, FOR THE PURPOSE OF REDEVELOPMENT OF SUCH LAND FOR MIXED USES; AUTHORIZING THE FOLLOWING USES:RESIDENTIAL,OFFICE, HOTEL, RETAIL, COMMERCIAL, ACADEMIC SPACE AND ANY OTHER USES PERMITTED BY THE APPLICABLE ZONING DISTRICT REGULATIONS; DESIGNATING EACH BLOCK OF THE DISTRICT AS A RETAIL SPECIALTY CENTER AND ENTERTAINMENT SPECIALTY DISTRICT PURSUANT TO CHAPTER 4 OF THE CITY CODE; AUTHORIZING CERTAIN ENCROACHMENTS INTO CITY -OWNED PUBLIC RIGHTS -OF -WAY PURSUANT TO CHAPTER 55; AUTHORIZING THE CITY MANAGER TO EXECUTE THE DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, FOR SAID PURPOSE, AS AMENDED. WHEREAS, Miami Worldcenter Group, LLC, and affiliated parties (collectively "MWC") are the owners of certain real property in the City of Miami ("City") consisting of approximately ±23 acres, zoned SD-16.3 and located between Northeast 6th Street and Northeast 11th Street and between North Miami Avenue and Northeast 2nd Avenue in the City of Miami, Florida; and WHEREAS, on November 3, 2009, the Developer and the City entered into a Development Agreement between the Parties, which was approved by the City Commission on November 13, 2008 through Resolution No. 08-0658 ("Initial Agreement"); and WHEREAS, since the time the City Commission unanimously adopted the original Development Agreement, certain modifications and refinements to the master site plan and development program for the Miami Worldcenter project have been made; and WHEREAS, in order for MWC to pursue approval of the Miami Worldcenter project, the modifications to the zoning regulations must be approved by the City Commission, which approval requires the City to amend and restate the Initial Agreement ("Amended Agreement"); and WHEREAS, the City Commission has reviewed the proposed Amended Agreement and has considered the testimony of all interested parties at the public hearing, the intended use of the land as described in the Amended Agreement and has considered the health, safety and welfare of the citizens of the City; and WHEREAS, the City Commission still waives the conflict of interest provisions as stated in City of Miami Page 1 of 2 File Id: 08-01015dal (Version: 2) Printed On: 9/19/2014 File Number. 08-01015dal Resolution No. 09-0360, adopted July 23, 2009, for Nitin Motwani; NOW, THEREFORE, BE IT ORDAINED, BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted by reference and incorporated as fully set forth in this Section. Section 2. The Amended Agreement, pursuant to Chapter 163 of the Florida Statutes, between MWC and the City, relating to the development of approximately ±23 acres in the Miami Worldcenter Special District (Appendix D of the Miami 21 Code) located in the City, for the purpose of redevelopment of such land for a mix of permitted uses, is approved. Section 3. The Amended Agreement is applicable only to properties owned by MWC and affiliated parties, subject to the development parameters set forth therein. Section 4. The findings of fact set forth in the Amended Agreement are hereby adopted by reference and incorporated as if fully set forth in this Section. Section 5. The Amended Agreement, pursuant to Chapter 4 of the City Code, designates each block of the District as a Retail Specialty Center and Entertainment Specialty District. Section 6. The Amended Agreement, pursuant to Chapter 55 of the City Code, authorizes certain encroachments into City -owned public rights -of -way. Section 7. The City Manager is authorized {1} to execute the Amended Agreement, in substantially the attached form, for said purposes. Section 8. If any section, part of a section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 9. This Ordinance shall become effective immediately upon its adoption and signature of the Mayor. {2} APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MENDEZ CITY ATTORNEY Footnotes: {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} This Ordinance shall become effective as specified herein unless vetoes by the Mayor within ten days of the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later. City of Miami Page 2 of 2 File Id: 08-01015dal (Version: 2) Printed On: 9/19/2014 This Instrument Was Prepared By, Record and Return To: Ryan D. Bailine, Esq. Greenberg Traurig, P.A. 333 S.E. 2°d Avenue Suite 4400 Miami, Florida 33131 (Reserved) o AMENDED AND RESTATED .'=ry: DEVELOPMENT AGREEMENT BETWEEN CITY OEcMIAMI AND MIAMI WORLDCENTER GROUP, LLC,A1DVAFFILIATES AND SUBSIDIARIES OF MIAMI WORLDCENTER GROUP, LLC, INCLUDING PWV GROUP; 1 HOLDINGS, LLC, MIAMI FIRST, LLC, MIP MY SECOND, LLC, MIAMI THIRD, LLC, MIAMI FOURTH LLC, AND MIAMI A/I, LLC, AND FORBES" IAMI NE 1sT AVENUE, LLC, REGARDING DEVELOPMENT OF THE MIAMI WORLDCENTE IXED-USE PROJECT THIS AMENDED ,AND RESTATED DEVELOPMENT AGREEMENT ("Amended • Agreement") is entered this y day of 2014, by and between MIAMI WORLDCENTER GROU, LLC., a Florida limited liability company ("MWC") and the undersigned affiliates and subsidiaries of MWC (collectively, "Developer"), and the CITY OF MIAMI, FLORIDA, akmunicipal corporation and a political subdivision of the State of Florida ("City", hereina'fter the Developer and the City may be referred to as the "Parties"). WITNESSETH: EREAS, on or about November 13, 2008, the City Commission ("Commission") approved the Rezoning of the parcels located in the City, generally bounded by NE 11 th Street on the North, NE 6th Street on the South, NE 2nd Avenue on the East, and North Miami Avenue on the West, ("MWC District") to SD-16.3 ("Existing Zoning") through Ordinance No. 13039, a copy of which is attached as Exhibit "A" ("Rezoning"); WHEREAS, on or about November 3, 2009, the Developer and the City entered into that certain Development Agreement between the Parties ("Initial Agreement"), which was approved by the Commission on or about November 13, 2008 through Resolution No. 08-0658, a copy of which is attached as Exhibit "B" (collectively, "Approval Resolution"); MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 1 WHEREAS, on or about May 20, 2010, the City implemented a new zoning ordinance commonly referred to as "Miami 21," to which the Existing Zoning was incorporated as Appendix "D"; WHEREAS, consistent with the Approval Resolution and the Rezoning, the City remains committed to facilitating the (re)development of the MWC District with a large-scale urban infill development to be completed in one or more phases, which development shall include multiple public open spaces, enhanced pedestrian and vehicular circulation areas, and enhanced access to mass transit facilities; WHEREAS, since the time the Commission unanimously adopted=$ the -Approval Resolution and the Rezoning, certain modifications and refinements to the mast` r sit, plan and development program for the Miami WorldCenter Mixed -Used Project CtProjec ') have been made (collectively, "Refinements"); WHEREAS, the Developer contemplates that the Projc%consistent with the Refinements, will be developed substantially consistent with the,\Conceptual Site Plan attached as Exhibit "C" ("Site Plan"); WHEREAS, a significant amount of public .open'space is being proposed by the Developer in order to distinguish elements and com o eririts1of the Project and substantially c�ownit increase the amount of public open space in the City's own core, to the benefit of the City; WHEREAS, in order for the Developer4to,,,pursue approval of the Site Plan for the Project, the Refinements must be approved lby.`the Commission, which approval requires the City to amend and restate the Initial Agreement,., and modify the Regulations and Development Standards as found in Appendix D ofV1 mi 21 for the MWC District. The modified and amended Regulations and Developmentz Standards are attached as Exhibit "D" ("Development Standards"). This Amended Agreement and the Development Standards are herein collectively referred to as the "MWC Distn ,t Regulations"; WHEREAS, upon approval by the Commission of the MWC District Regulations, including all attachments and exhibits, the Developer intends to pursue approval of a Site Plan in accordance with the Development Standards; WHEREAS . the Developer holds fee simple title to that certain assemblage of real property locatednthe MWC District, legal descriptions of which are attached as Exhibit "E" (collects ely,roperty"); I3EREAS, the Property is located within the Southeast Overtown Park West Development of Regional Impact ("SEOPW DRI) and the Southeast Overtown Park West Community Redevelopment Area ("CRA"); WHEREAS, at the time the Approval Resolution and the Rezoning were approved, the SEOPW DRI had insufficient Development Capacity ("Capacity") to accommodate the Project; WHEREAS, on or about September 26, 2013, the SEOPW DRI was modified to include additional Capacity to accommodate the Project, consistent with the Site Plan; MWC Development Agreement - Second Reading DRAFT 09/25/2014 v14 Page 2 WHEREAS, on or about January 21, 2014, the State of Florida, specifically the Department of Economic Opportunity ("DEO"), confirmed that Increment III was in full force and effect; WHEREAS, the lack of certainty with respect to the approval of a development of a size, scale, and intensity similar to the Project can create a waste of economic and real property resources, discourage capital improvement planning and financing, escalate the cost of construction, and undermine private sector commitment to large-scale urbane infill (re)development; WHEREAS, assurances to a developer that it can proceed in accordannce with existing laws and policies, subject to the conditions of a negotiated development agreement;trengthens economic confidence in the public planning process, encourages sound c p ta' rnprovement planning and financing, assists in promoting the availability of adequa`tecapital facilities for development projects, encourages private sector participation in comprehensive planning, and creates economic efficiencies with respect to development costs; WHEREAS, pursuant to Ordinance No. adoZ. pted orilor about September 29, 2014, the Commission authorized the City Manager to execute this Amended Agreement on behalf of the City, containing the terms, conditions and obligbops set forth below; WHEREAS, the Managing Members or Boardirectors of the Developer, including their parent or controlling entities, have autho zed the Developer to execute this Amended Agreement containing the terms, conditions, an'd igations set forth below; WHEREAS, the Parties mutually �desirfor the Property to be developed as shown on "C the Site Plan attached as Exhibit "k ands n accordance with the Development Standards attached as Exhibit "D", and also, fc sistent with the terms, conditions, and mutual obligations contained in this Amended A eemeeh NOW, THEREFORI consideration of the mutual covenants, obligations, and conditions hereinafter contained, the Parties mutually agree and bind themselves as detailed below: The above recit l's are true and correct and are incorporated into and made a part of this Amended Agreement by reference. Additionally, all attached exhibits shall be deemed adopted and inco porated ;mto this Amended Agreement; provided, however, that the terms of this Amend Bement shall be deemed to control in the event of a conflict between the exhibits andthis .ended Agreement. This Amended Agreement and all Exhibits attached hereto shall amend, retate, replace, correct, and supersede the Initial Agreement together with the Exhibits attached thereto. In the event of a conflict between this Amended Agreement and the Development Standards, the Development Standards shall control. Section 1. Purpose and Intent of Amended Agreement. (a) The Developer and the City intend for this Amended Agreement to be construed and implemented so as to effectuate the purpose of this Amended Agreement and the purpose and intent of the Florida Local MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 3 (b) Government Development Agreement Act, Sections 163.3220 - 163.3243, Florida Statutes (2013). This Amended Agreement will establish certain conditions which will result in the Developer providing Public Open Spaces (as hereinafter referenced) to the City, and to establish, as of the Effective Date (as hereinafter defined), the development regulations which will govern development of the Project throughout the term of this Amended Agreement. This Amended Agreement will provide the Parties with certainty during the development process. �= • Section 2. Mutual Consideration. The Parties agree that the cons d'erration and obligations recited and provided for under this Amended Agreement collet i�ely constitute substantial benefits to both Parties and are, therefore, adequate considerat o this Amended Agreement. This covenant shall be binding upon, and inure to,,,hc-b,en9Jil of the Parties, including their successors, assigns, heirs, legal representatives, ,andpersonal representatives. This provision shall survive the termination of this Amended Agreement Section 3. Construction of Amended Agreement':. For all purposes of this Amended Agreement, unless otherwise expressly provided: Nfb (a) A defined term has the meaning assigned to it; (b) The singular shall include the plural, and words or terms in plural shall include the singular=; (c) A pronoun in,'one;gender includes and applies to other genders as well; (d) The terms "her under", "herein", "hereof, "hereto", and such similar terms shall 'referto .this Amended Agreement; yW "The =Parties agree that this Amended Agreement shall not be more or less • .,;;strictly construed against either; it being the intent of the Parties that the Cj.ty and the Developer, including their agents and attorneys, have participated equally in the drafting of this Amended Agreement. (e) S'e`,ction Definitions. .mended Agreement" means this Amended and Restated Development Agreement betwe, tithe City and the Developer. "City" means the City of Miami, a municipal corporation and a political subdivision of the State of Florida, together with all departments, agencies, and instrumentalities subject to the jurisdiction thereof. "Comprehensive Plan" means the comprehensive plan adopted by the City pursuant to Chapter 163, Florida Statutes (2013), meeting the requirements of Section 163.3177, Florida MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 4 Statutes (2013), Section 163.3178, Florida Statutes (2013), and Section 163.3221(2), Florida Statutes (2013), which is in effect as of the Effective Date. "County" means Miami -Dade County, a political subdivision of the State of Florida. "Effective Date" means the date of recordation of the executed version of this Agreement. "Property Interest" means any interest or rights in real property or appurtenances of the Property, including but not limited to, fee simple, leasehold, condominium, trsfele development rights or air rights, easements, and licenses, however acquire,de AnrclWr any interests or rights in real property acquired through foreclosure, deed in lieu of. foreclosure, or any other realization on a security interest in real property. Without limiting .the foregoing, a Community Development District or a master property owners' association with appropriate authority relating to one (1) or more of the properties comprising the Erope r y shall be deemed to hold a Property Interest. "Public Facilities" means major capital improvements2intehded'to be owned by the City or a governmental agency, including but not limited to,,transpoytation, sanitary sewer, solid waste, drainage, potable water, educational, parks and ,recreational, streets, parking, and health systems and facilities. h.413 Section 5. Term and Effective Date ThisAm°ended Agreement shall have a term of Thirty (30) years beginning on the Effective DateThe''term of this Amended Agreement may be extended for successive Thirty (30) yearryrpe o'ds by mutual consent of the City and the Developer pursuant to Section 163.322916ri4Statutes (2013), unless modified or terminated by a written instrument executed bygthe Developer, including successors or assigns of the Developer which own the Property -or any portion thereof, which instrument has been approved by the Commission after two (2pubc hearings or any other legally required authority. This Amended Agreement shall becorri'e� effective on the Effective Date and shall constitute a covenant running with the land Section 6. (b) Permitted Development Uses and Building Intensities. MWC District Designation. The City has designated the area generally bound by NE 11th Street on the North, NE 6`h Street on the South, NE 2nd Avenue on the East, and North Miami Avenue on the West as SD-16.3 on the official zoning atlas of the City. As part of the Rezoning, the City previously confirmed that the uses, intensities, and densities proposed for development within the Project are consistent with the uses, intensities, and densities permitted in the Development Standards. Density, Intensity, Uses, and Building Heights. (1) As of the Effective Date and pursuant to the MWC District Regulations, the density permitted on the Property is Five Hundred (500) units per acre. The development intensity permitted on the Property has a base Floor Lot Ratio MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 5 ("FLR") of 18. Any intensity above FLR of 18 is subject to participation in or compliance with the Public Benefits requirements contained in Article 3, Section 3.14 of Miami 21. The net lot area of all land owned by the Developer, located in the MWC District, prior to dedications is 23 +/- acres, or 1,001,880 +/- square feet. (2) Non-residential uses permitted on the Property include, but are not limited to the following: office, hotel, ar<etail, restaurant, entertainment, convention space, academic space, vocational or similar educational space; zone or more culinary schools including training and anc ilaryw,facilities, art galleries and studios, and any other uses ;permitted under the MWC District Regulations and Miami.21`. (3) The height for any development),onn the Properties shall be regulated by the MWC Di trjct Regulations and the Comprehensive Plan. (4) Nothing herein shall prohbit an increase in the density or intensity to the -bevel of� development permitted on the Property in amrnanneer consistent with (i) the MWC District Regulations sand e Comprehensive Plan, (ii) any zoning changesubsquently approved by the City Commission in accordancewi'th applicable provisions of law, or (iii) any cha ge to4e Regulations, the City's zoning atlas, or future amdmtints to Miami 21. Section 7. Constructiontof Encroachments within City Owned Public Rights -of -Way. The City finds that the consttaliotitf encroachments in and above the public rights -of -way will • not unduly restrict the use of succppublic rights -of -way and is a necessary and essential element in the future construction of pedestrian walkways or commercial uses in, above, or below such public rights-of-we.,k The adoption of this Amended Agreement shall serve to satisfy the requirements setlorltyn Section 55-14(b) of the City's Code of Ordinances ("Code"). Notwithstandingthe requirements of Section 55-14(c) of the Code and because of the benefits received by'flie Cit'S "pursuant to this Amended Agreement, the City agrees to waive any and all claims .top vine of a user fee in connection with the construction of the aforementioned encroaclunents into, above, and below the public rights -of -way. In consideration for authorizing the future' -,construction of the aforementioned encroachments, the Developer further covenants to: (a) Maintain any above -grade pedestrian walkways or similar above -grade spaces and below -grade vehicular underpasses in accordance with the Florida Building Code, the City Charter, the City Code, and any other applicable federal, state, or local statutes, laws, rules, orders, or regulations. MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 6 (b) Provide an insurance policy, in an amount reasonably determined by the City's Risk Management Department, naming the City as an additional insured for public liability and property damage. The insurance shall remain in effect for as long as the encroachment(s) exist in the public rights -of -way. Should the Developer or the Developer's successors fail to continue to provide the insurance coverage, the City shall have the right to secure a replacement insurance policy in its name and place a special assessment lien against the specific parcel or parcels subject . to this Amended Agreement, for which such insurance has lapsed or expired,but not against any other parcel that is subject to this Amended 'Agree ent, for the total cost of the premium. (c) The Developer shall hold harmless and indemnify ,the bity, its officials, and its employees from any claims for damage or, 1 so property and injury to persons of any nature whatsoever' a ising out of the use, construction, maintenance, or removal of ,the pedestrian walkways and vehicular underpasses and from and against any claims which may arise out of the granting of permission for the encroachment(s) or any activity performed under the terms of this Amended Agreement, except in any event for any claims for damages or foss to property and injury to persons caused by the City or its officials Within the MWC District, there are certain n right-of-way, including portions of NE 2nd Avenue, NE lst Avenue, and North MiainAvenue, which are owned and maintained by the County. Notwithstanding thefor going, nothing contained in this Amended Agreement shall be construed° or kkiterpreted to grant the Developer approval(s) to encroach over any rights -of wayynot owned by the City. Section 8. Signs. (a) The Project will require a Master Sign Package or a Special Sign Package (collectively, "Sign Package") to accomplish the following goals: (1) moving pedestrians and vehicle traffic throughout the MWC District safely and efficiently and (2) properly identifying the MWC District, the Project and various tenants, events, and components within the Project, including, but not limited to, residents, guests, visitors, and motorists along surrounding thoroughfares. (b) The Sign Package will include, but is not limited to, the following sign types: (1) directional signs; (2) ground signs; (3) wall signs; (4) monument signs; (5) way -finding signs; (6) tower signs; and (7) on -site commercial signs, defined as Class B Signs in the Code and Miami 21, some or all of which may incorporate LCD, LED, or similar electronic technology consistent with the Development Standards. Commercial advertising signs, Class C Signs, murals, billboards, and media towers as defined in the Code and Miami 21 shall not be authorized pursuant to this Amended Agreement. MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 7 (c) The Sign Package shall apply to signage visible from public rights -of -way but the Sign Package shall not apply to or include signs internal to the Project. (d) Signs of any type or size may be approved as provided for in the Development Standards. (e) All signs within the MWC District shall be subject to the requirements of applicable federal, state, or local rules, orders, regulations, laws; statutes, or ordinances. ''',- Section 9. Landscape Program. Due to the Project's unique locationwithin the City's Urban Core, it may be infeasible for one or more phases of the Projeect'ton coply with the minimum requirements contained in Article 9 of Miami 21 and Chapter 17 of the Code ("Landscape Standards") at the time a site plan is filed for such phase rph ses. In order to facilitate development in the MWC District, each phase of the Project Must achieve a minimum. of sixty percent (60%) compliance with the Landscape Standard ,i io to the issuance of a Building Permit ("Permit") for a phase or single use building Any phase or phases not complying one hundred percent (100%) with the LandscapeStandads shall achieve one hundred percent (100%) compliance upon their respective com etion3 through either offsite planting, mitigation measures approved in the Code, or a combinatzoriof approved compliance measures agreeable to the City within three (3) years of issuance.}ofsaid Permit. T Section 10. Project Approval. h,,This ""'Amended Agreement, together with the the�p Development Standards, shall establish roc s(es) and criteria upon which the Project and the Property shall be developed going forward.. Section 11. Public Facilities -0 or before One Hundred Eighty (180) days after the Effective Date, the Developertobther with the City and the County, as applicable, will complete an analysis of the;Public - acilities available to serve the Project and in compliance with the Comprehensive Plan."""In the event that the MWC District Regulations or the Comprehensive Plan requires the Developer to provide additional Public Facilities to accommodate the Project, fhe Developer will provide such Public Facilities consistent with the timing requirements onection 163.3180(2), Florida Statutes (2013), or as otherwise required by a DRI developmentorder or Chapter 13 of the Code, as may be amended from time to time. Sectiio �12( Reservation or Dedication of Land. (a) The Developer shall not be required to dedicate or reserve any land within the Property. (b) The Developer agrees to create within the Project: (1) one (1) public open space containing a minimum of 20,000 contiguous square feet; (2) one (1) public open space containing a minimum of 14,000 contiguous square feet, (collectively, "Public Open Spaces"); and (3) sidewalks designed to accommodate increased pedestrian activity that will include shopping, entertainment, and outdoor seating, all as generally labeled on the MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 8 Regulating Plan contained in the Development Standards ("Regulating Plan") attached as Exhibit "D". (c) The Developer will retain ownership of the Public Open Spaces but shall grant the City a non-exclusive easement allowing public access to the Public Open Spaces ("Public Open Spaces Easement"). The Developer and the City further agree to execute an Open Spaces Easement and Maintenance Agreement ("Easement Agreement"), a copy of �w,hich is included as Exhibit "F", to assign their respective responsibi 'ities and obligations with respect to the future construction, maintenance and operation of the Public Open Spaces. The Public Open SpaeslEasement and the Easement Agreement shall be in a form acceptable`to the City Attorney. (d) The City and the Developer agree to execute artdxecord'the Public Open Spaces Easement and the Easement Agreem nt pr9 to the City issuing One (1) or more master building permits auth&i ing the construction of One (1) or more buildings and structur4at that singularly or cumulatively exceed the Four (4) million square'4foothreshold with respect to the overall level of authorized developmen (ire., FLR) on the Property. (e) The general location and dimensions of the Public Open Spaces shall be substantially in accordance with the Regulating Plan, or as otherwise mutually agreed by the eveloper and the City. The specific location and dimensions of the,Pub�li�cOpen Spaces will be determined in the Public Open Spaces Easementconceptual design detailing the development of the public opdnpac s.\A`shall be submitted by the Developer to the City Manager ortesignee within sixty (60) days of recording of this Amended Agreement--f (f) The Developer shall retain the exclusive right to design, landscape, and determine the programming for the Public Open Spaces, subject to -approval by the Planning Director, or his or her designee, which approval shall not be unreasonably withheld, delayed, or conditioned. From time to time, the Developer may sponsor or similarly partner with organizations to hold temporary events in the MWC District, including in and around the Public Open Spaces. In advance of a temporary event, the Developer shall submit an application to the City consistent with the requirements contained in Chapter 62 of the Code to obtain the necessary permits and approvals. Section 13. Retail Specialty Center Designation and Entertainment Specialty District. Pursuant to Chapter 4 of the Code, each block of the MWC District is designated as a retail specialty center and each block is designated as an entertainment specialty district. Any establishments located within the MWC District shall be entitled to the benefits afforded to establishments in retail specialty centers, as codified by Chapter 4 of the Code. Notwithstanding MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 9 the requirements of Section 4-3.2 of the Code, the approval of the Planning, Zoning and Appeals Board ("PZAB") and the Commission shall not be required for bars (including taverns, pubs, and lounges), nightclubs, and supper clubs as principal uses proposed to be located within the MWC District. The maximum number of establishments selling alcoholic beverages permitted within the MWC District retail specialty centers shall not exceed five (5) per block as currently configured and depicted on the Regulating Plan, exclusive of any bona fide, licensed restaurants where the sale of alcoholic beverages is entirely incidental to and in conjunction with the principal sale of&'food (e.g. bona fide, licensed restaurants with a 2-COP, 2-COP SRX, 4-COP, 4-COPS SRX or equivalent license). The number of approved establishments may exceed five (5) in any given blo k\�i�nn ,he event the number of approved and allowed establishments is decreased by an equivalent' amount in the remaining blocks. The total number of approved establishments shall4no,exeed twenty-five (25) for the entire MWC District as described in the Developmentandards. The number of approved establishments may be increased by amendment to this Amended Agreement by the Commission and after two (2) public hearings. o Section 14. Job Creation. The Developer shal consult and coordinate with the City's CareerSource South Florida center located at the Lindsey Hopkins Technical Center at 750 NW th th � �.:�'�' 20 Street, 4 Floor and state economic development\entities regarding job training and job placement services to Cityresidents seekingem to ent o ortunities withpotential employers �p tYm pp which will locate or establish businesses within the -Project. (a) ,Construction Employment The Developer agrees to use diligent, good faith efforts 49ch eve or to cause its general contractor(s) and subcontractor (collectively, the "Contractor") to use diligent, good faith efforts to achie e, as applicable, the following goals, which the Parties hereto‘' ee are purely aspirational in nature: 4,2 (1) The Contractor shall employ such persons using the following priorities: first, residents of the five (5) highest poverty rate index zip codes in the City; second, City residents in general; third, County residents who live in the five (5) highest poverty rate index zip codes in the County; and fourth, residents in the County in general. The Contractor shall electronically post job opportunities in established job outreach websites and organizations, including, without limitation, South Florida Workforce, Florida Department of Economic Opportunity Career Source of South Florida located in Miami, their successors or assigns, and similar programs in order to attract as many eligible minority applicants for such jobs as possible. (2) In connection with the work performed by the Developer, the Developer shall cause the Contractor to pay a minimum hourly wage rate of $11.83 if health benefits are not MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 10 (3)r provided to employees and $10.58 if health benefits are provided to employees. Commencing January 1, 2016 and for the duration of the Project ("CPI Escalation Year"), the foregoing hourly rates shall be increased on January 1st of the applicable calendar year by an amount equal to the percentage increase during the calendar year immediately prior to the CPI Escalation Year in the consumer price index ("Index"), which is the monthly index published by the Bureau of Labor Statistics of the United States Department of Labor as the Consumer Price IndexforA11 Items, Miami -Ft. Lauderdale, Florida, Baseear, 1982- 84=100. The CPI adjustment to the minimum hourly wage rates shall hereinafter be referred, to as the "CPI Escalation". The CPI Escalation of\he minimum hourly wage rates for the CPI Escalatio4C r'shall be equal to the minimum hourly wage rates ein effect; for the calendar year immediately preceding the C. I Escalation Year multiplied by the CPI Percentage (s ,defined below). The "CPI Percentage" shall equal, theaction (i) whose numerator equals the month1 Mhdex` published immediately prior to the CPI EscalationYear (or the nearest reported previous month) and(�ii)'whose denominator is the same monthly Index published immediately prior to the calendar year that preceded the . PI Escalation Year (or the nearest reported prey' ous mo th). If the Index is discontinued with no successor- Index, the City shall select a commercially ;reasonable comparable index. The CPI adjustment set forth erein shall not result in a reduction of the respective minimum hourly wage rates. The Developer shall require the Contractor to include the same minimum hourly wage rates in any contracts entered into by the Contractor with its subcontractors for the Project who will stipulate and agree that they will pay the same minimum hourly wage rates, subject to adjustment, as set forth in this section. Local Workforce Participation During Construction. At least 30% of those employed by the general or subcontractor(s) for construction work shall be employed utilizing the following priorities: first, residents of the five (5) highest poverty rate index zip codes in the City; second, City residents in general; third, County residents who live in the five (5) highest poverty rate index zip codes in the County; and fourth, residents in the County in general. Residents who live in qualifying areas must receive preference for hiring in the Project. MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 11 (c) Job Opportunity Advertisement. The Developer must provide 10 full -page weekly advertisements in The Miami Times newspaper to inform residents of job opportunities and job fairs prior to construction commencement. This shall be in addition to advertisements done through other job outreach websites, organizations, and efforts. (d) Community Business Enterprise ("CBE"), Community Small Business Enterprise ("CSBE"), and Small Business Enterprise ("SBE"). (1) 10% of the professional services agreements for softcosts including, but not limited to, design, engineering;,,survey, inspection, testing and legal, shall be aw�':arded to firms certified by the County as CSBE, CBE, ndOBE firms at the time the contract is signed. (2) The Developer shall award 0 Q of the contractual agreements for construction rand construction -related materials, supplies and 'fi:turesto firms certified bythe County as CSBE, CBE, ana: SBE firms at the time the contract is signed. ',"=- - (e) Job Creation Monitoring Contract. `Within 60 days prior to issuance of a Permit for vertical improvemen s, the Developer will designate a firm who shall be CBE/CSBE/ E certified whom will be designated to monitor the Local Workforce ¢Par..ticipation, Job Opportunity Advertisement, and CBE/CSBE/SBErequire nts. Section 15. Local Developmen,Permits. (a) The Developeintends to develop the Property consistent with the MWC District !R it— ations and this Amended Agreement. The Project may re uire a kditionalpermits or approvals from the City, Count State, or q �� pp Y� Y> •Federal government, including their respective internal agencies. Subject tp the required legal processes and approvals, the City shall make a good faith effort to take all necessary and reasonable steps to cooperate with and expedite the issuance of all such approvals and permits. Such approvals include, but are not limited to: (1) Waiver(s), Warrant(s), Exception(s), or Variances; (2) Subdivision plat approvals; (3) Street Vacations and Closures; (4) Covenant in Lieu ("Covenant") of Unity of Title or Unity of Title ("Unity") acceptance or the release of existing Covenants or Unities; MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 12 (5) Water and Sanitary Sewage Agreement(s); (6) Drainage Permits; (7) Temporary Use Permits; (8) Tree Removal Permits; (9) Demolition Permits; (10) Environmental Resource Permits; (11) Building Permits; (12) Certificates of Use; 13 Certificates of Occu an inpluding Temporary Certificates of Occupancy;:„, (14) Stormwater Permits; (15) Miami -Dade Transit appr$vals; (16) Federal Av a io Administration determination(s) and approval(s);.,j (17) Development of Regional Impact approval, modification, Aor exemption; and (18)>Any other official action of the City or other government Aagency having the effect of permitting development of the Properties. (b) ,'Notwithstanding any future modifications to Miami 21 after the Effective `Date regarding site plan approval procedures or substantive requirements, :te authority to approve any site plan for all or a portion of the Project within • the Property shall be vested in the City Manager, or his or her designee. Any site plan shall be approved if it complies with the intent or the minimum requirements and criteria of the MWC District Regulations and the Comprehensive Plan. Section 16. Consistency with Existing Zoning and Comprehensive Plan. The City re- confirms that the Development Standards are part of the MWC District Regulations and consistent with the Comprehensive Plan, subject to the terms of Section 11 of this Amended Agreement. Section 17. Compliance with Local Regulations Relative to Development Permits. The Developer and the City agree that the failure of this Amended Agreement to address a particular permit, condition, fee, term, license, or restriction in effect on the Effective Date shall MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 13 not relieve the Developer of the necessity of complying with the regulations governing said permitting requirements, conditions, fees, terms, licenses, or restrictions as long as compliance with said regulation and requirements does not require or otherwise permit the Developer to develop the Property in a manner inconsistent with the MWC District Regulations, the Comprehensive Plan, or this Amended Agreement. Section 18. Development of Regional hnpact. (a) The City and the Developer agree that as of the Effective Date, ;sufficient capacity remains under the SEOPW DRI to accommodate the ojecctt and that the Developer has reserved the capacity necessary yto deg elop the Project. (b) The City agrees that any SEOPW DRI Development rder which the City adopts after the Effective Date and which applies ,to JthProperty will (1) be consistent with this Amended Agreement "and the Development Standards and (2) include a Use/Intensity.eco nrsio table to allow for a reasonable level of flexibility with respecatol the'mix and intensity of uses in order to respond to changing markettcondjions. (c) The City agrees that if the SEO>?VCRRA decides to abandon, terminate, rescind, or otherwise render=ineive the SEOPW DRI Development Order, the Developer shall no longer be responsible for payment of SEOPW DRI fees. Furtherizbif the SEOPW CRA decides to abandon, terminate, rescind„ br ., ottherwise render ineffective the SEOPW DRI Development Order \theCity agrees to refund any payment of SEOPW DRI fees mad byteDeveloper within twenty four (24) months of the decision to, abedon, terminate, rescind, or otherwise render ineffective the SEOPW DII"Deyelopment Order. Section 19. Reservation -of Development Rights. (a) j(For the term of this Amended Agreement, the City hereby agrees that it kshall permit the development of the Property in accordance with the MWC District Regulations, the Comprehensive Plan, and this Amended Agreement. (c) Nothing herein shall prohibit an increase in the density or intensity of development permitted on the Property in a manner consistent with (1) the MWC District Regulations and the Comprehensive Plan, (2) any zoning change subsequently requested or initiated by the Developer or a future owner of property within the MWC District in accordance with applicable law, or (3) any future zoning change enacted by the City. The expiration or termination of this Amended Agreement shall not be considered a waiver of, or limitation upon, the rights, including but not limited to, claims of vested rights or equitable estoppel, obtained or held by the Developer or its successors or assigns to continue development of MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 14 the Property in conformity with the MWC District Regulations, and all prior and subsequent development permits or development orders approved by the City. (d) For the term of this Amended Agreement, the City agrees that the level of development proposed by MWC is reserved and is vested consistent with Section 163.3167(5) of Florida Statutes (2013), upon the issuance of one (1) or more building permits, foundation permits, or phased permits by the City. Section 20. Prohibition on Downzoning. (a) The Comprehensive Plan, this Amended Agreement, anTthe De elopment Standards shall govern development of the MWC .District 'for the duration of the Amended Agreement, includingextensions �' � ereof. The City's laws and policies adopted after the EffectiveiDat" ay be applied to the MWC District only if the determinations re- wired Section 163.3233(2), Florida Statutes (2013) have been made after 30)days written notice to the Developer and after a public hearing,By the Commission. (b) Pursuant to Section 163.3233(3)F rida'Statutes (2013), this prohibition on downzoning supplements,<rathNer than supplants, any rights that may vest to the Developer under Florida or Federal law. As a result, the Developer may challe g``any� subsequently adopted changes to land development regulatio s�beased on (1) common law principles including, but not limited to;''equitable estoppel and vested rights, or (2) statutory rights which may ac rue by virtue of Chapter 70, Florida Statutes (2013). Section 21. Emergency Management Plan. Prior to the issuance of a Certificate of Occupancy, Temporary Certi cate‘NofrOccupancy ("TCO"), or the equivalent for the first new single -use building in the MWCDistrict, the Developer shall submit to the City a copy of an Emergency Management Plan)("Emergency Plan") detailing how the safety of people and property shall be accunted for and maintained in the event of a natural disaster, fire, act of God, or other similar�eent\,The Emergency Plan shall detail vehicle and pedestrian circulation, security systems Viand other preventative and protective measures readily available in the MWC District. TheDe eloper, or its successors, heirs, or permitted assigns, shall provide an updated copy of/the Eire gency Plan prior to the issuance of a TCO or equivalent for each new building in the°future., Section 22. Archaeological. Due to the Project's proximity to various Archaeological Cons'eivation Areas, the Developer shall obtain a Certificate to Dig prior to any ground disturbing activities, pursuant to Chapter 23 of the Code. Section 23. Streetcar. The Developer acknowledges that the City is currently planning to construct a light rail transit system commonly referred to as the streetcar, which may traverse or abut the MWC District. The Developer agrees to cooperate with the City so that any portion of the streetcar route which runs through, or adjacent to, the MWC District can be accommodated within the dedicated public rights -of -way. The Developer is not required to MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 15 dedicate additional land from within the MWC District to the City for the construction of the streetcar route. Section 24. Formation of Community Development District. In the event the creation of a Community Development District ("CDD") is approved for the Project, the CDD may assume the Developer's responsibility under this Amended Agreement without the City's approval ("Assumption"). Notice of the Assumption, including copies of executed documents memorializing the Assumption, shall be provided to the City as detailed in this Amended Agreement. Section 25. Compliance Review. (a) The Developer shall notify the City of the Developer"''s compliance with the terms of this Amended Agreement, in writingevexy twelve (12) months, commencing twelve (12) months afterrthe Effective Date and ending upon the expiration of this AmerideAgreement, as may be extended herein. Upon receipt of written confirmation from the Developer of the Developer's compliance with the terms ofthis Amended Agreement ("Compliance Confirmation"), the€ity may conduct an independent compliance review and confirm th'e=Developer's compliance with the terms, conditions, and regulations 6in t,1_iui's'Amended Agreement. Any additional informatio qu ed of the Developer shall be limited to that necessary to d�e ekhe—the extent to which the Developer is proceeding in good,faith to' comply with the terms of this Amended Agreement. `°° ;. (c) Subject toithe erms and provisions of Section 33(d) of this Amended Agreement i the City finds on the basis of competent substantial evide rce'that=;the Developer intentionally failed to substantially comply with theder ns, obligations, or conditions of this Amended Agreement, the City mayerminate or amend this Amended Agreement after providing ;_Thirty (30) days written notice to the Developer unless cured by the Developer prior to the expiration of such Thirty (30) day period; provided, however, that if such failure cannot reasonably be cured within Thirty (30) days, the Developer shall not be in default if it commences to cure such breach within such Thirty (30) day period and diligently pursues the cure to completion. Any termination or modification of this Amended Agreement shall not become effective until the Commission approves same after holding Two (2) duly noticed public hearings. (b) Section 26. Notices. (a) All notices, demands, or requests given under this Amended Agreement shall, except as otherwise expressly provided, be in writing and delivered by personal service or sent by United States Registered or Certified Mail, return receipt requested, postage prepaid, or by overnight express delivery, such as Federal Express, to the Parties at the addresses listed below. Any MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 16 notice given pursuant to this Amended Agreement shall be deemed given when received. Any actions required to be taken hereunder which fall on Saturday, Sunday, or United States legal holidays shall be deemed to be performed timely when taken on the succeeding day thereafter which shall not be a Saturday, Sunday, or legal holiday. To the City: City Manager City of Miami 3500 Pan American Drive Miami, FL 33133 With a copy to: City Attorney Miami Riverside Center 444 SW 2nd Avenue 9th Floor Miami, FL 33130 With a copy to: Planning & Zoning Department. Miami Riverside Center' 444 SW 2nd Avenue 3rd Floor Miami, FL 33130 To the Developer: Managi g Member Miami VV o ldcenter LLC 1010:,NE Z Avenue Miami FL 33132 With a copy to: "Greenberg Traurig, P.A. Attn: Ryan D. Bailine, Esq. 333 SE 2nd Avenue Suite 4400 Miami, FL 33131 and Greenberg Traurig, P.A. Attn: Iris Escarra, Esq. 333 SE 2nd Avenue Suite 4400 Miami, FL 33131 MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 17 (b) To the SEOPW CRA as courtesy notice: Executive Director SEOPW CRA 1490 NW 3rd Avenue Suite 105 Miami, FL 33136 Any Party to this Amended Agreement may change its notification address(es) by providing written notification to the remaining Parties pursuant to the terms and conditions of this section. A, Section 27. Exclusive Venue, Choice of Law, Specific PerformanceX.It'is, mutually understood and agreed by the Parties hereto, that this Amended Agreements hallbeygoverned by the laws of the State of Florida, and any applicable federal law, both aqointerpretation and performance, and that any action at law, suit in equity, or judicalpxoceedings for the enforcement of this Amended Agreement or any provision hereof hall epinstituted only in the courts of the State of Florida or federal courts and venue, fq, `'any, such actions shall lie exclusively in a court of competent jurisdiction in the County.. in addition to any other legal rights, the City and the Developer shall each have the riglit to see 'specific performance of this Amended Agreement. Each party shall bear its own 'attorneyls fees. Each party waives any defense, whether asserted by motion or pleading, thatFtlewaf_orementioned courts are an improper or inconvenient venue. Moreover, the Parties cons rat to the personal jurisdiction of the aforementioned courts and irrevocably waive/any objections to said jurisdiction. The Parties irrevocably waive any rights to a jury trial. Section 28. No Oral Chang on, ,Termination. This Amended Agreement and the exhibits and attachments constitute4the en_ tire agreement between the Parties with respect to the Project. This Amended Agreements upersedes any prior agreements or understandings between the Parties with respect to the.subjeci matter hereof, including, but not limited to, the Initial Agreement, and no char eodication or discharge hereof in whole or in part shall be �' � g � �� � g effective unless such change, modification, or discharge is in writing and signed by the party against whom enforcementof the change, modification, or discharge is sought and after two (2) public hearings yore the Commission. This Amended Agreement cannot be changed or terminated orally. Section 9 ?� Compliance with Applicable Law. Subject to the terms and conditions of this AmendedAgreement, throughout the term of this Amended Agreement, the Developer and the C ty� shally omply with all applicable federal, state, and local laws, rules, regulations, codes, ordi arises; `resolutions, administrative orders, permits, policies and procedures, and orders that go ernr relate to the respective Parties' obligations and performance under this Amended Agreement, all as they may be amended from time to time. Section 30. Representations; Representatives. Each party represents to the others that this Amended Agreement has been duly authorized, delivered, and executed by such party and constitutes the legal, valid, and binding obligation of such party, enforceable in accordance with its terns. MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 18 Section 31. No Exclusive Remedies. No remedy or election given by any provision in this Amended Agreement shall be deemed exclusive unless expressly so indicated. Wherever possible, the remedies granted hereunder upon a default of the other party shall be cumulative and in addition to all other remedies at law or equity arising from such event of default (other than any remedy which may be available at law or in equity which permits the termination of this Agreement), except where otherwise expressly provided. Section 32. Failure to Exercise Rights not a Waiver; Waiver Provisions. Thfailure by either party to promptly exercise any right arising hereunder shall not constitute a waiver of such right unless otherwise expressly provided herein. No waiver or breach of any°p o ':isioof this Amended Agreement shall constitute a waiver of any subsequent breach ofthesarne or any other provision hereof, and no waiver shall be effective unless made in writing. Section 33. Events of Default. (a) The Developer shall be in default under this'`Amended Agreement if any of the following events occur and continue '.eyo d the applicable grace period or notice and cure period provided. erei the Developer fails to perform or breaches any term, covenant, orcondition of this Amended Agreement which is not cured within Thirty (30) days after receipt of written notice from the City. ap ;c fying the nature of such breach; provided, however, that if suehreach cannot reasonably be cured within Thirty (30) days, the Develper shall not be in default if it commences to w cure such breach thins'aidJ Thirty (30) day period and diligently prosecutes the curetocompletion. (b) The City shall bein'default under this Amended Agreement if the City fails to perform or, breaches any term, covenant, or condition of this Amend Agreement and such failure is not cured within Thirty (30) days • after receipt of ritten notice from the Developer specifying the nature of such breach; provided, however, that if such breach cannot reasonably be _ cured, within Thirty (30) days, the City shall not be in default if it co mmences to cure such breach within said Thirty (30) day period and ligently prosecutes the cure to completion. It shall not be a default under this Amended Agreement if any Party is declared bankrupt by a court of competent jurisdiction. All rights and obligations in this Amended Agreement shall survive such bankruptcy of any Party. The Parties hereby forfeit their right(s) to terminate this Amended Agreement upon the bankruptcy of any other Party. This section does not absolve the Developer of any of its obligations pursuant to the Code should it declare bankruptcy, including but not limited to, ensuring that all construction sites, buildings structures, and excavation sites are safe. (d) A default by MWC's successor(s) or assignee(s) of any portion of this Amended Agreement shall not be deemed to be a breach by MWC nor any other successor or assignee of MWC of any portion of their respective MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 19 rights, duties, and obligations under this Amended Agreement. A default by the Developer or MWC under this Amended Agreement shall not be deemed to be a breach by any successor(s) or assignee(s) of the Developer or MWC of its rights, duties, or obligations under this Amended Agreement. For purposes of clarity, the Developer intends for the Project to be developed by multiple parties in multiple phases over the next several years. Any actual or alleged default by the developer of a portion(s) or phase(s) of the Project, including, but not limitepto, the Developer, shall not cause, nor be treated, deemed, or construed~as a default byanother developer with respect to anyother ortiori s� has s p p p �) p�� O or component(s) of the Project. Section 34. Remedies Upon Default. (a) Except as otherwise provided under Section 25(cr) andtSection 41 of this Amended Agreement, neither party ma}% terrninate this Amended Agreement upon the default of the others -pay, bid shall have all of the remedies enumerated herein. .j Upon the occurrence of a default'by=aparty to this Amended Agreement, including their successors and _assi'griginot cured within the applicable notice, grace, or cure period-aszprovided herein, as may be extended, the Developer and the Cit3& agree that any party may seek specific performance of this Amended Agreement, and that electing to seek specific performance shall not waive any right of such party to also seek monetary damages or ,any other relief other than termination of this Amended Agreement n addition to any other remedies available to the City underfhis Amended Agreement, in the event of default by the Developer, or and successor(s) or assign(s) of the Developer, the City may withholdiany permits or other approval, but only against the defaulting Party. (b) Section 35.4 Severability. If any term or provision of this Amended Agreement or the application thereof to person or circumstance shall, to any extent, hereafter be determined to be invalid or enforceable, the remainder of this Amended Agreement or the application of such term orprov s'dn to persons or circumstances other than those as to which it is held invalid or unenforceall shall not be affected thereby and shall continue in full force and effect. Seeion 36. Assignment and Transfer. This Amended Agreement shall be binding on theI ev'loper and its heirs, successors and assigns, including the successor to or assignee of any Property Interest. The Developer, at its sole discretion, may assign, in whole or in part, this Amended Agreement or any of its rights and obligations hereunder, or may extend the benefits of this Amended Agreement, to any holder of a Property Interest without the prior written consent or any other approval of the City. The City shall be notified in writing within thirty (30) days after any assignment or transfer. Section 37. Obligations Surviving Termination Hereof. Notwithstanding and prevailing over any contrary term or provision contained herein, in the event of any lawful MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 20 termination of this Amended Agreement, the following obligations shall survive such termination and continue in full force and effect until the expiration of a One (1) year term following the earlier of the effective date of such termination or the expiration of the term: (a) the exclusive venue and choice of law provisions contained herein; (b) rights of any party arising during or attributable to the period prior to expiration or earlier termination of this Amended Agreement; and (iii) any other term or provision herein which expressly indicates either that it survives the termination or expiration hereof or is or may be applicable or effective beyond the expiration or permitted early termination hereof. Section 38. Lack of Agency Relationship. Nothing contained herein steal be construed as establishing an agency relationship between the City and the Developer.7and, neither the Developer nor its employees, agents, contractors, subsidiaries, divisions, off hates,, or guests shall be deemed agents, instrumentalities, employees, or contractors of the City foryany purpose hereunder, and the City, its contractors, agents, and employees shall note deemed contractors, agents, or employees of the Developer or its subsidiaries, divisions, orb Imes: Section 39. Cooperation; Expedited Permitting; and Times ofthe Essence. (a) The Parties agree to cooperate with each oth r'to the full extent practicable pursuant to the terms and conditi°oils of this Amended Agreement. The Parties agree that time is of thence in all aspects of their respective and mutual responsibilitiestpurs ant to this Amended Agreement. The City shall use its best effortsto expedite the permitting review and approval process in ,aiefrt'to assist the Developer in meeting its demolition, development;and construction completion schedules. The City will make bes of ortsto accommodate requests from the Developer's agents, representative general contractor(s), and subcontractors for simultaneous eview of multiple permitting packages, such as those for site wor \1 oundations, and building shell, core, and interiors. Notwithsan` ing the foregoing, the City shall not be obligated to issue development permits to the extent the Developer does not comply with the applicable requirements of the MWC District Regulations, the Comprehensive Plan, this Amended Agreement, applicable building codes, or any other laws, rules, orders, or regulations. (b) (b) Enforcement. In the event that the Developer, its successors, or assigns fails to act in accordance with the terms of the MWC District Regulations, the City shall seek enforcement of said violation upon the subject Property. Enforcement of this Amended Agreement shall be by action against any parties or person violating, or attempting to violate, any covenants set forth in this Amended Agreement. The prevailing party in any action or suit pertaining to or arising out of this Amended Agreement shall be entitled to recover, in addition to costs and disbursements allowed by law, MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 21 such sum as the Court may adjudge to be reasonable for the services of this/her/its attorney. (c) This enforcement provision shall be in addition to any other remedies available at law, in equity, or both, excluding, however, any remedy which may be available at law or in equity which permits the termination of this Amended Agreement. Section 41. Amendment or Termination by Mutual Consent. This Amended Agreement may not be amended or terminated during its term except by mutual agreementtoofithe Developer and its successors and assigns, and the City in writing. Prior to =amending or terminating this Amended Agreement, the Commission shall hold Two (2) duly dticed public hearings. Section 42. Third Party Defense. The City and the Developer -shall, hall, at their own cost and expense, vigorously defend any claims, suits, or demands brought against it by third parties threatening the Amended Agreement, challenging its enforceabi y .or objecting to any aspect thereof, including, without limitation, any claims for loss;Adamage, liability, or expense (including reasonable attorneys' fees). The City and the Dek'elopershall promptly give the other written notice of any such action, including those thatzraie pending or threatened, and all responses, filings, and pleadings with respect thereto„ Wa Section 43. No Conflict of Interest. The Developer agrees to comply with the Code as k of the Effective Date with respect to conflicts of ii teres't. Section 44. No Third -Party. 34Beneficiary. No persons or entities other than the Developer and the City, their respect-i vehei"; successors, and permitted assigns, shall have any rights whatsoever under this Amended'`Agleement. Section 45. Countefparts 'his Amended Agreement may be executed in counterparts, each of which shall constitute an~original but all of which, when taken together, shall constitute one and the same agreement. N5 Section 46. . ecordation. A fully executed version of this Amended Agreement shall be recorded in-the,publtc records of Miami -Dade County by the Developer, at the Developer's sole cost andLexpense, within Thirty (30) days after execution by all the Parties. . Seetion,47. Estoppel Certificate. Upon request by any party to this Amended Agreement, the other party or its duly authorized representative will deliver to the requesting party, Within thirty (30) days after such request is made, a certificate in writing certifying (a) that this ABended Agreement is unmodified and in full force and effect (or if there have been any modifications, a description of such modifications and that this Amended Agreement as modified is in full force and effect); (b) that to the best knowledge of such party, the requesting party is not, at that time, in default under any provision of this Amended Agreement, or, if in default, the nature thereof in detail; (c) to the best knowledge of such party, whether such party has a claim against the other party under this Amended Agreement, and, if so, the nature thereof and the dollar amount of such claim; and (d) such other matters as such requesting party or its lender may reasonably request. Each party further agrees that such certificate shall be in a form MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 Page 22 reasonably acceptable to the City Attorney and may be relied upon by (1) any prospective purchaser of the fee or mortgage or assignee of any mortgage on the fee of the Property or any portion thereof and/or (2) any prospective or existing lender of Developer as identified by Developer in its request therefor. NOW, WHEREOF, the City and the Developer have caused this Amended Agreement to be duly executed. [Signatures Appear on the Following Pages] n' MWC Development Agreement — Second Reading DRAFT 09/25/2014 v14 . Page 23 MIAMI WORLDCENTER HOLDINGS LLC, a Delaware limited liability company By: PWV Group 1 Holdings, LLC, a Delaware limited liability company By: Name: Title: STATE OF COUNTY OF I HEREBY CERTIFY that on this _ day of , 2014, pe onally/appeared before me, an officer duly authorized to administer oaths wand `'take acknowledgements, k\/ r as ofo They are personally known to me or have produced [SEAL] By: 701 North Miami (FL), LLC, a Delaware limitedliability company Bye, Nine: i Title: as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: vI W C Di; VuIupilli 1IL — Se uiid Reading DRAFT O /225/2314 v14 STATE OF COUNTY OF ) ) ) I HEREBY CERTIFY that on this _ day of , 2014, personally appeared before me, an officer duly authorized to administer oaths and take acknowledgements, as of Tl y are personally known to me or have produced as identification.A NOTARY PUBLIC Print Name: Commission No. Commission Expires: [SEAL] Miami First, LLC, a Delaware limited liability company' By: Print Name As: STATE OF COUNTY OF ) ) ) iviWC Deveiupineni Agreement — Second Rending DRAFT 09125/2014 vi 4 an officer duly authorized to administer , as of personally known to me or have produced [SEAL] I HEREBY CERTIFY that on this day of , 2014,ppersonally appeared before me, oaths ` and take acknowledgements, They are as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: 1WCDevelopment Agreement — Second P c£:^.ig DRAFT 0925_ _v 1 e ,' i Miami Second, LLC, a Delaware limited liability company By: As: Print Name STATE OF COUNTY OF I HEREBY CERTIFY that on this _ day of an officer duly authorized to as , 2014, personally appeared before me, administer oaths and take acknowledgements, of They are personally id I1 tome or have produced [SEAL] as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: iviWC Development Agreement — Second Rending DRAFT 09/25,2014 vi4 Miami Third, LLC, a Delaware limited liability company By: As: Print Name STATE OF COUNTY OF I HEREBY CERT I that on this _ day of , 2014, personally appeared before me, an officer ,d ly authorized to administer oaths and take acknowledgements, t,. -. , as of They are personally kno into me or have produced as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: [SEAL] Iv1VIC Dovelopnlclll Agi G1:111ent — :'eating DRAFT u /2Ji Go 14 v14 Miami Fourth, LLC, a Florida limited liability company By: As: Print Name STATE OF COUNTY OF I HEREBY an officer CERTIFY thaeon this— day of mow. authorized to administer as of personally known t fine or have produced T y [SEAL] , 2014, personally appeared before me, oaths and take acknowledgements, . They are as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: IV\\ .M:3/ �cAve�opm�ni ���:�.;nen� — Second Reading DRAFT 0��.;2G14 v15 Miami A/I, LLC, a Delaware limited liability company By: Print Name: As: STATE OF COUNTY OF I HEREBY CERTIk thafon this _ day of , 2014, personally appeared before me, V an officer duly ' authorized to administer oaths and take acknowledgements, of They are , as personally known o me or have produced as identification. [SEAL] NOTARY PUBLIC Print Name: Commission No. Commission Expires: lei'\7V l Development Agreement — Second Reading DRAFT 09i 25i2014 v14 FORBES MIAMI NE 1ST AVENUE LLC, a Michigan limited liability company By: Forbes Miami LLC, a Michigan limited liability company By: Name: Title: STATE OF COUNTY OF I HEREBY CERTIFY that on this _ day of an officer duly authorized to administer , as of personally known to me or have produced [SEAL] By: Forbes Family Miami, LLC, a Michigan l'mitedliability company By Name: Title , 2014�personally appeared before me, oat an, take acknowledgements, hs NOTARY PUBLIC Print Name: Commission No. Commission Expires: „ ,, .. ��'L 1_i ;-. `rl iG j7 iT,Cili �1�12i�iii::II� --- S:.COi1 C; hCReading1�1`.i�il' iT l: `ii 2 Ji2v', r . They are as identification. STATE OF COUNTY OF I HEREBY CERTIFY that on this _ day of ,:2O'1=4; personally appeared before me, an officer duly authorized to administer aths» and take acknowledgements, , as ,«off ) They are personally known to me or have produced NOTARY PUBLIC Print Name: Commission No. Commission Expires: Iv1WC Development Agreement — Second Reading DRAFT 09/25/2014 v14 as identification. CITY OF MIAMI, FLORIDA By: Daniel J. Alfonso, City Manager ATTEST: By: Todd B. Hannon, City Clerk, .N.,1 APPROVED AS TO FORM ANDXORRECTNESS: By: Victoria Mendez, City Attorney D\'eiopn 'Ii FC1ijOi Sec,Jncl ilcacifulg DRAFT 0'3125;2014 v1 4 Exhibit "A" Rezoning Ordinance Please refer to Legistar File No. 08-01015zc for a copy of Ordinance No. 13039. A copy shall be inserted prior to full execution. City Commission — Second Reading DRAFT Exhibit "B" Approval Resolution Please refer to Legistar File No. 08-01015da for a copy of Resolution No. 08-0658. A copy shall be inserted prior to full execution. City Commission — Second Reading DRAFT Exhibit "C" Site Plan City Commission — Second Reading DRAFT r-- ivimAsALA.ift cc-tc.4)., bto•Z‘o 6o ea* 47,126,WerZ orb-ze oPzitv-aq-e,W9tb*.0:01, • NE 6 Exhibit "D" Amended Miami Worldcenter Zoning Regulations and Development Standards Please refer to Legistar File No. 08-01015ztl for a copy of the Amended Miami Worldcenter Zoning Regulations and Development Standards. The Development Agreement will be considered by the City Commission as a companion item to the above -referenced file. A copy shall be inserted prior to full execution. City Commission — Second Reading DRAFT Exhibit "E" Legal Description of the Property City Commission — Second Reading DRAFT 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT _2 4 3 7 1TH lie I moos MO II (4 H IlIiL-111111 4 N 6 T. Illl� III CERTIFICATION IHEREBY CERTIFY THAT THE SKETCH AND DESCRIPTION SHOWN HEREON COMPLIES WITH MINIMUM TECHNICAL STANDARDS AS CONTAINED IN CHAPTER 5J-17.051, FLORIDA ADMINISTRATIVE CODE, PURSUANT TO SECTION 472.027, FLORIDA STATUTES, AND THAT SAID SKETCH AND DESCRIPTION IS TRUE AND CORRECT TO THE BEST .OF MY KNOWLEDGE AND BELIEF AS PREPARED UNDER MY DIRECTION. JEFF S. HODAPP SURVEYOR AND MAPPER FLORIDA LICENSE NO. LS5111 2 4 1 0 61 Protect Nome: MIAMI WORLDCENTER DATE: 03/11/2014 JOB NO. 07139 DWG BY. JSH REV. 8-19-2014 CK'D By. JEK SHEET I OF 15 949A Clint Moore Road Boca Raton, Florida 33487 E SURVEYINGBMAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION (1) All of Lot 2 Block 18 North, together with a portion of Lots 1, 3, 4, 5, 15, 16, 19 and 20 Block 18 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, being more particularly described as follows: Beginning at the Northwest corner of said Lot 2 Block 18 North; thence North 87° 43'42" East, along the North line of said Lots 2 and 1, a distance. of 90.18 feet; thence South 02° 13'55" East, along a line 10 feet West of and parallel with the East line of said Lot 1, a distance of 125.12 feet; thence North 87° 43'42" East, along a line 25 feet North of and parallel with the South line of said Lot 1, o distance of 10.00 feet; thence South 02° 13'55" East, along the East line of said Lots 1 and 20, a distance of 37.50 feet; thence South 87° 43'42" West, along a line 12.5 feet South of and parallel with the North line of said Lots 19 and 20, a distance of 100.15 feet; thence North 02° 14'32" West, along the East line of said Lot 18, a distance of 12.50 feet; thence South 87° 43'42" West, along the South line of said Lots 3 and 4, a distance of 100.15 feet; thence South 02° 15'08" East, along the east line of said Lot 16, o distance of 25.00 feet; thence South 87° 43'42" West, along a line 25 feet South of and parallel with the North line of said Lot 16, a distance of 50.07 feet; thence North 02° 15'26" West, along the eost line of said Lot 15, a distance of 12.50 feet; thence South 87° 43'42" West, along a line 12.5 feet South of and parallel with the North line of said Lot 15, a distance of 50.07 feet; thence North 02° 15'44" West, along the West line of said Lot 15, a distance of 12.50 feet; thence North 87° 43'42" East, along the North line of said Lot 15, a distance of 50.07 feet; thence North 02° 15'26" West, along the West line of said Lot 5, a distance of 25.00 feet; thence North 87° 43'42" East, along o line 25 feet North of and parallel with the South line of said Lots 5, 4 and 3, a distance of 150.23 feet; thence North 02° 14'32" West, along the West line of said Lot 2, a distance of 125.12 to the Point of Beginning. Together with: (2) All of Lots 2, 3, 4, 5, 6, 7, 8, 9, 14 and 15 Block 19 North, together with a portion of Lots 1, 10, 11, 12, 13, 16, 17, 18, 19 and 20 Block 19 North, City of Miami, according to the plot thereof, as recorded in Plat Book B, at Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: NOTES 1. REPRODUCTIONS OF THIS SKETCH ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER. 2. BEARINGS SHOWN HEREON ARE BASED ON THE FLORIDA COORDINATE SYSTEM, EAST ZONE, GRID NORTH, 1983 STATE PLANE TRANSVERSE MERCATOR PROJECTION, 1990 ADJUSTMENT. 3. NO SEARCH OF THE PUBLIC RECORDS WAS MADE IN THE PREPARATION OF THIS SKETCH AND DESCRIPTION. 4. OF THE 24.008 ACRES SHOWN ON THIS SKETCH AND DESCRIPTION, 2.083 ACRES ARE ROAD RIGHT-OF-WAY FOR NE 7th STREET, NE 8th STREET AND NE 9th STREET. ABBREVIATIONS L• ARCLENGTH CONC. • CONCRETE COR. • CORNER D DELTA (CENTRAL ANGLE) L.B. • LICENSED BUSINESS L.S. • LICENSED SURVEYOR O.R.B. • OFFICIAL RECORDS BOOK P.O.B. • POINT OF BEGINNING P.O.C. • POINT OF COMMENCEMENT P.B. • PLAT BOOK M.D.C.R.• MIAMI-DADE COUNTY RECORDS PG. • PAGE P.S.M. • PROFESSIONAL SURVEYOR 8 MAPPER R/W RIGHT-OF-WAY JOB NO. 07139 Project name. MIAMI WORLDCENTER DW5 BY, JSH JEK 'SCALE, N/A. DATE, 03/11/2014 ) SHEET 2 OF 15 CK'D By, 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING8,MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION Beginning at the Southwest corner of said Lot 14 Block 19 North; thence North 02 14'10" West, along the West line of said Lot 14, a distance of 125.12 feet; thence South 87° 43'42" West, along a line 25 feet South of and parallel with the North line of said Lot 13, a distance of 50.00 feet; thence North 02° 14'05" West, along the West line of said Lot 13, a distance of 10.00 feet; thence South 87° 43'42" West, along a line 15 feet South of and parallel with the North line of said Lot 12, a distance of 50.00 feet; thence South 02° 14'00" East, along the West line of said Lot 12, a distance of 10.00 feet; thence South 87° 43'42" West, along a line 25 feet South of and parallel with the North line of said Lot 11, a distance of 50.00 feet; thence North 02° 13'55" West, along the West line of said Lots 11 and 10, a distance of 50.00 feet; thence North 87° 43'42" East, along a line 25 feet North of and parallel with the South line of soid Lot 10, a distance of 10.00 feet; thence North 02° 13'55" West, along a line 10 feet East of and parallel with the West line of said Lot 10, a distance of 125.12 feet; thence North 87° 43'42" East, along the North line of said Lots 2 through 10, a distance of 439.95 feet; thence South 02° 14'38" East, along the East line of said Lot 2, a distance of 65.00 feet; thence North 87° 43'42" East, a distance of 11.88 feet; thence South 12° 48'54" East, o distance of 57.09 feet; thence North 87° 43'42" East, along a line 29 feet North of and parallel with the South Tine of said Lot 1, a distance of 27.65 feet; thence South 02° 15'27" East, along the east line of said Lots 1 and 20, a distance of 54.00 feet; thence South 87° 43'42" West, along a line 25 feet South of and parallel with the North line of said Lot 20, o distance of 10.01 feet; thence North 02° 14'43" West, along a line 10 feet West of and parallel with the East line of said Lot 20, distance of 22.50 feet; thence South 87° 43'42" West, along o line 2.50 feet South of and parallel with the North line of said Lot 20, a distance of 2.72 feet to a point on the arc of a circular curve to the right, at which the radius point bears South 81° 16'36" West; thence Southerly along the orc of said curve, having a radius of 425.88 feet and a central angle of 06° 28'41", a distance of 48.15 feet to the point of tangency; thence South 02° 14'43" East, along a line 10 feet West of and parallel with the East line of said Lot 20 a distance of 89.57 feet; thence South 87° 43'41" West, along a line 10 feet North of and parallel with the South line of said Lots 16 through 20, a distance of 240.01 feet; thence South 02° 14'19" East, along the East line of said Lot 15, a distance of 10.00 feet; thence South 87° 43'41" West, along the South line of said Tots 14 and 15, a distance of 100.00 feet to the Point of Beginning. Together with: (3) All of Lots 1, 2, 3, 4, 5, 9, 10, 11, 12, 13, 19 and 20 Block 23 North, together with a portion of Lots 6, 7 and 8 Block 23 North, City of Miami, according to the plot thereof, as recorded in Plat Book B, at Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: Beginning of the Northeast corner of soid Lot 3 Block 23 North; thence South 02° 13'55" East, along the East line of soid Lots 1 and 20, a distance of 299.97 feet; thence South 87° 43'37" West, along the South line of said Lots 10 and 20, a distance of 100.06 feet; thence North 02° 14'32" West, along the West line of said Lot 19, o distance of 149.99 feet; thence South 87° 43'39" West, along the South line of said Lots 3 through 7, a distance of 250.22 feet; thence South Jae NO. 07/39 Protect Nnrro: MIAMI WORLDCENTER l ows sr: JSH !SCALE! N/A ICK•D By' JEK (DATE, 03/11/2014 SHEET 3 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPINNG Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION 02° 16'03" East, along the East line of said Lot 13, o distance of 149.99 feet; thence South 87° 43'37" West, along the South line of said Lots 13, 12 and 11, a distance of 150.09 feet; thence North 02° 16'57" West, along the West line of said Lots 11 and 10, a distance of 299.98 feet; thence North 87° 43'41" East, along the North line of said Lots 10 and 9, a distance of 100.11 feet; thence South 02° 16'21" East, along the East line of said Lot 9, a distance of 8.00 feet; thence North 87° 43'41" East, along a line 8 feet South of and porollel with the North line of said Lots 8 and 7, a distance of 100.11 feet; thence South 02° 15'45" East, along the East line of said Lot 7, a distance of 2.00 feet; thence North 87° 43'41" East, along a line 10 feet South of and parallel with the North Tine of said Lot 6, a distance of 50.06 feet; thence North 02° 15'26" West, along the East line of said Lot 6, a distance of 10.00 feet; thence North 87° 43'41" East, alon9 the North line of said Lots 1 through 5, a distance of 250.28 feet to the Point of Beginning. Together with: (4) All of Lots 8 through 19 Block 22 North, together with a portion of Lots 1 and 20 Block 22 North, and all of Lots 2 through 18 Block 39 North, together with a portion of Lots 1, 19 and 20 Block 39 North, and all of Lots 2 through 10 and 13 through 19 Block 42 North, together with o portion of Lots 1, 11, 12 and 20 Block 42 North, and a portion of Lots 1 through 10 Block 59 North, and a portion of the 50 foot platted roadway Tying between said Blocks 22 and 39, and a portion of the 50 foot plotted roadway lying between said Blocks 39 and 42, and a portion of the 50 foot platted roadway Tying between said Blocks 42 and 59, all of 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, being more particularly described as follows: Beginning at the Northwest corner of said Lot 10 Block 22 North; thence North 87° 43'41" East, along the North line of said Lots 10, 9 and 8 Block 22, a distance of 102.53 feet; thence South 02° 14'10" East, along the East line of said Lot 8 Block 22, a distance of 10.00 feet; thence North 87° 43'41" East, along a line 10 feet South of and parallel with the North line of said Lots 6 and 7, a distance of 100.01 feet; thence South 02° 14'19" Eost, along the West line of said Lot 5, a distance of 2.50 feet; thence North 87° 43'41" East, along a line 12.5 "feet South of and parallel with the North line of said Lots 1 through 5, a distance of 225.51 feet to the point of curvature of a circular curve to the right; thence Eosterly and Southerly along the arc of said curve, having a radius of 7.00 feet and a central angle of 90° 00'00", a distance of 11.00 feet; thence North 87° 45'16" East, a distance of 2.50 feet; thence South 02° 14'43" East, along a line, 15 feet West of and parallel with the Eost line of said Lots 1 and 20 Block 22, o distance of 202.47 feet; thence South 87° 43'39" West, a distance of 2.50 feet; thence South 02° 14'43" Eost, along a Tine 17.5 feet West of and parallel with the East line of said Lot 20 Block 22, a distance of 77.98 feet; thence South 87° 43'37" West, along the South line of said Lot 20 Block 22, a distance of 17.50 feet; thence South 02° 14'43" East, along a line 35 feet West of and parallel with the East line of said Lots 1 and 20 Block 39 and the Northerly extension thereof, a JOB NO. 07139 Pro! ect Name. MIAMI WDRLnCENTER Dwc BY, JSH SCALE. N/A r CK'D By. JEK DATE. 03/11/2014 SHEET 4 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-6182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) IiUIIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION distance of 289.59 feet; thence South 87° 43'16" West, along a line 60.5 feet North of and parallel with the South line of said Lots 20 and 19 Block 39, a distance of 65.03 feet; thence South 02° 14'34" East, along the West line of said Lot 19 Block 39 and the Southerly extension thereof, a distance of 110.50 feet; thence North 87° 43'16" East, along the North line of said Lots 2 and 1 Block 42, a distance of 90.04 feet; thence South 02° 14'43" East, along a line 10 feet West of and parallel with the east line of said Lot 1 Block 42, a distance of 140.00 feet; thence North 87° 43'16" East, along a line 140 feet South of and parallel with the North line of said Lot 1 Block 42, a distance of 10.00 feet; thence South 02° 14'43" East, along the east line of said Lots 1 and 20 Block 42, a distance of 60.03 feet; thence South 87° 41'53" West, along a line 100 feet North of and parallel with the South line of said Lot 20 Block 42, o distance of 10.00 feet; thence South 02° 14'43" East, along o line 10 feet West of and parallel with the East line of said Lot 20 Block 42, a distance of 100.00 feet; thence South 87° 41'53" West, along the South line of said Lot 20 Block 42, a distance of 23.00 feet; thence South 02° 14'43" East, along o line 33 feet West of and parallel with the East line of said Lot 1 Block 59 and the Northerly extension thereof, o distance of 154.94 feet; thence South 87° 41'43" West, along a line 45 feet North of and parallel with the South line of said Lots 1 through 10 Block 59, a distance of 467.30 feet; thence North 02° 13'55" West, along the West line of said Lot 10 Block 59, a distance of 104.96 feet; thence North 87° 41'52" East, along the North line of said Lot 10 Block 59, a distance of 8.00 feet; thence North 02° 13'55" West, a distance of 50.00 feet; thence South 87° 41'53" West, along the South line of said Lot 11 Block 42, a distance of 8.00 feet; thence North 02° 13'55" West, along the West line of said Lots 11 and 10, Block 42, a distance of 300.22 feet; thence North 87° 43'16" East, along the North line of said Lot 10 Block 42, a distance of 8.00 feet; thence North 02° 13'55" West, a distance of 50.00 feet; thence South 87° 43'16" West, along the South line of said Lot 11 Block 39, a distance of 8.00 feet; thence North 02° 13'55" West, along the west line of said Lots 11 and 10 Block 39, a distance of 300.13 feet; thence North 87° 43'37" East, along the North line of said Lot 10 Block 39, a distance of 8.00 feet; thence North 02° 13'55" West, a distance of 50.00 feet; thence South 87° 43'37" West, along the South line of said Lot 11 Block 22, o distance of 8.00 feet; thence North 02° 13'55" West, along the West line of said Lots 11 and 10 Block 22, a distance of 299.97 feet to the Point of Beginning. Together with: (5) All of Lots 4, and 12 through 20 Block 43 North, together with a portion of Lots 1, 2 and 3 and Lots 5 through 11 and lot 20 Block 58 North, and a portion of Lots 1 through 10 Block 58 North, and o portion of the 50 foot platted roadway lying between said Blocks 43 and 58, all of the City of Miami, according to the plot thereof, as recorded in Plat Book B, of Page 41, of the Public Records of Miomi-Dade County, Florida, being more particularly described as follows: BOB NO. 07139 FrOJect NOR16. MIAMI WORRLDCENTEE DWG BY: JSH CK'D By' JEK SCALE. n/A DATE, 03/11/2014 SHEET 5 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7284 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION Beginning at the Southeast corner of said Lot 20 Block 43 North; thence South 87 41'53" West, olong the South line of said Lot 20 Block 43, a distance of 10.00 feet; thence South 02° 13'55" East, along a line 10 feet west of and parallel with the East line of said Lot 1 Block 58 and the Northerly extension thereof, a distance of 169.96 feet; thence South 87° 41'43" West, along o line 30 feet North of and parallel with the South line of said Lot 1 Block 58, a distance of 39.95 feet; thence North 02° 14'14" West, along the West line of said Lot 1, a distance of 15.00 feet; thence South 87° 41'43" West, along a line 45 feet North of and parallel with the South line of said Lots 2 through 8 Block 58, a distonce of 349.68 feet; thence South 02° 16'21" East, along the Eost line of said Lot 9 Block 58, a distance of 15.00 feet; thence South 87° 41'43" West, along o line 30 feet North of and parallel with the South line of said Lots 9 and 10 Block 58, a distance of 99.91 feet; thence North 02° 16'57" West, along the West line of said Lot 10 Block 58, o distance of 119.98 feet; thence North 87° 41'53" Eost, along the North line of said Lot 10 Block 58, a distance of 10.00 feet; thence North 02° 16'57" West, along a line 10 feet East of and parallel with the West line of said Lots 10 and 11 Block 43 and the Southerly extension thereof, a distance of 339.64 feet to a point on the arc of o circular curve to the right, at which the radius point bears South 49° 26'57" East; thence Northeasterly along the arc of said curve, having a radius of 15.00 feet and a central angle of 04° 20'13", a distance of 1.14 feet; thence North 87° 43'16" East, along a line 10 feet South of and parallel with the North line of said Lots 5 through 10 Block 43, a distance of 264.16 feet; thence North 02° 15'17" West, along the West line of the East one-half of soid Lot 5 Block 43, a distance of 10.00 feet; thence North 87° 43'16" Eost, along the North line of said Lots 4 and 5 Block 43, a distance of 74.99 feet; thence South 02° 14'50" Eost, along the east line of said Lot 4 Block 43, a distance of 10.00 feet; thence North 87° 43'16" East, along a line 10 feet South of and parallel with the North line of said Lots 3, 2, and 1 Block 43, a distance of 139.98 feet; thence South 02° 13'55" East, along a line 10 feet West of and parallel with the East line of said Lot 1 Block 43, a distance of 140.12 feet; thence North 87° 42'34" East, along the South line of said Lot 1 Block 43, a distonce of 10.00 feet: thence South 02° 13'55" East, along the east line of said Lot 20 Block 43, a distance of 150.12 feet to the Point of Beginning. Together with: (6) A portion of Lots 11, 12, 13 and 14 Block 58 North, City of Miami, according to the plat thereof, as recorded in Plot Book B, of Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: Beginning at the Southwest corner of said Lot 11 Block 58 North; thence North 02° 16'57" West, along the West line of said Lot 11, a distance of 119.98 feet; thence North 87° 41'34" East, along a line 30 feet South of and parallel with the North line of said Lots 11, 12, 13 and 14, a distance of 199.79 feet; thence South 02° 15'45" East, along the East line of said Lot 14, a distance of 119.97 feet; thence South 87° 41'34" West, along the South line of said Lots 11, 12, 13 and 14, a distance of 199.75 feet to the Point of Beginning. 1.109 NO. 07139 Prelect No,r3: M! MI WORLDCENTER Dwc BY, JSH lscA! E, N/A CK'D By, JEK DATE, 03/11/2014 SHEET 6 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-99:: Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAlMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT LEGAL DESCRIPTION Together with: (7) A portion of Lots 19 and 20 Block 58 North, City of Miami, according to the plat thereof, as recorded in Plot Book B, at Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows; Beginning at the Southwest corner of said Lot 19 Block 58 North; thence North 02 14'32" West, along the west line of said Lot 19, a distance of 119,97 feet; thence North 87° 41'43" East, along a line 30 feet South of and parallel with the North line of said Lots 19 and 20, a distance of 89.90 feet; thence South 02° 13'55" East, along a line 10 feet West of and parallel with the East line of said lot 20, a distance of 119.96 feet; thence South 87° 41'34" West, along the South line of said Lots 19 and 20, a distance of 89.88 feet to the Point of Beginning. Said lands all situate in the City of Miami, Miami -Dade County, Florida and contain 24.008 acres, more or less. Joe No. 07139 Pro)ect Name; MIAMI WORLDCENTER DWG BY, JSH cR•CI By; JEK SCALE; N/A DATE, 03/11/2014 SHEET 7 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 E SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT N I N rs N N N 25'I25' I21 25' 125' u, u N I N.E. 1ST AVE. S02° 13'55"E :�.------_3.7 0'—. — N cn 02 25'I 25' I.) B L O C < 17 N. MIAMI AVE. E. 5 CO N 1- O cp n E,, X z a iv o 01 co N UT o UT w OW 0 .0. : Z co v � ° CO 4, -�, 15'26"W 12.50'\ cnw 1 - 0,NO2° oN NO2° 15'26"W O "L-25.00' n S87° 43'42"W 50.07' 5 Z co (n O S02° 15'08"E/ w z 25.00' , 2 O 4 N 00 'P1 ••Ed cjt NO2° 14'32"W N)�' 12.50' j p N0° 14132"W 125.12 Z 0 4, z co NJ - o aoN S02° 13'55"E -m 125.12' 1 25'25' I z1-0 O06 o'• 25' 12 N 0 cn CO 0 n 0) W r— O n Joe No. 07139 PrclecNa"'" MIAMI WORLDCENTER Dwc By: JSH SCAT E, 1"•80 CK'D By: JEK DATE: 03/11/2014 SHEET 8 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT NI 25' N.E.1ST AVE. f i W — NO2°13 55 W•'� ^1 . NO2 13 55 Wi cn 0 0) 0) 10' rn Cw 01 25'125' N.) 01 (J1 S87° 43'42"W 50.00' ~- 4.-) -A�N87° 43'4� E u 10.00'0 co S02° 14'00" R310.00' N o OC,, c' 0 NP O.B. 2 7 SW COR. LOT 14 J OJ BLOCK 19 N `er S02° 14'19"E 10.00' 1— a, 0 n 0 0. ° 1` V CO 4,. - ^ CA CO Po '� ''_ 1J) T1�� ° (39 " v'—. ---10' N NCit°N P -P iv w J� S02° 14'38"E N O P 65.00' CBZSP r'1 No -p�00 ' o f : - - - - _ _, tp-C�1 'Z- Nz bo00 u Co CO 0 ETC'..,/ cn)° 14'43" JOB NO. 07139 Project Nenq. �., 89.57' 000 N z• — - - —0-� 0-4 0- - ^_' - — - - . — . —'- — • — N.E. 2N®AVE. , o, o N m N N W B L O C K r' 2 0 s SCALE. 1"-80' 5'1 25' 0 25'; 25' 0 co cj N 0) MIAMI WORLDCEN TER DPB BY. JSH CK'D By. JEK DATE. 03/11/2014 it SHEET 9 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT 25' 1 25 N. MIAMII AVE. o 1C' .7''lAI ')00 OR' _ 0 17; (0 S02° 16'21"E 8.00' w 8' _--.. 03 S02° 16'03"E z 149.99' CO S02° 15'45"E 2.00' U co J ° w I — 0 N87° 43'41"E 0) 50.06' 10'--- - a'c° r.,+ NO2° 15'26"W �, 10.00' V N UT N W 65 NO2° 14'32"W 149.99' L" 1 a CO r— N 0 X r— m � 0 M o N�Ci W Li 0 _. zwXCr1 S02° 13'55"E N 01 N 01 cri 25'I25' z co a�O rn� z 10 c�1 I '1S H1O1 3'N N Ln 25' I25' 299.97' u I N.E. 1ST AVE. 0 N � 0 c) W � co 5" 25' 03 v? w 0 JOB NO. 07139 Pre!ect Non», MIAMIWORLDCENTER DWG BY i JSH CK'D By, JEK SCALE 1"•80' DATE, 03/11/2014 SHEET 10 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. IB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT N cn Co Z W co m co cn m m (N T IIN — ' CJ7 —IN NgST AVE. N(NJ), N'u, N0° 13'55"W 299.9725'1 25' 0) <n N rn! Im Ic 25',25 Ln r0 LAN.)W iv v X--' i1 to N Z U+ I� co i r 0 Z'` co , o0 O4' U, Tn 0, f - 10'-- N N U, v n (n W 12.5'- p 0 -P W �.; N Ul J 7 6 r S.02° 14'43"E S02° 14'43"E 202.47' 77.98' JOB NO. 071.39 IProfect Nome, MIAMI WORLDCENTER 2 5' 12 NI N I p N.E. 2ND AVE. N Z „ „ Cn O 0 0 0.0 - O O0 zcnO ?:r-1O BLOCK 2 1 rn I DWG BY , JSH SCALE, 1"-80' —10' L 1CK'D By. JLK DATE, 03/11/2014 SHEET II OF IS 949A Clint Moore Road Boca Raton, Florida 33487 Yip SURVEYI NG&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT 1\3125. r . 1 ST AVE. NO2° 13'55"W 300.13' coz 4nz o� ioo O o 0 0 O_ CA — IW (11 r-6 DI nl f z mi 25' 125' coco � y o� O ° o .0c° o ° -A - —4,. CA Er;Iv Ur C v m w co -j V CO c.n Cn n ac V Cr1 co A ao (N '4'34"E ).50' 60.5' N vo1 co O c (frJ4 o S02° 14'43"E 289.59' w N.E. 2ND AVE; BLOC 40 61 v' LI 133FHS 33S cN Ui a1 151 IJ 0 v!°S02° 14'43"E -o 77.98' 0 — N rs1 N ww IJ rn JOB NO. 07139 Project Nome. MIAMIWORLDCENTER DWG BY, JSH SCALE, 1"•80' CK'D By. JEK DATEI 03/11/2014 I SHEET 12 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. L87264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT 0 N.E. AVE. N021' 13'55"W 104.96' 01 01 NO2° 13155"W 300.22' — /NOt 5 Co Z o °o O.- 41. lP W Do �� ♦ / co co V w r- 5. 0 W _ 467.31 ( RIGHT 01 O 'Fi (0 L. 30' 45' N — CAS02° 14'43"E 15 N N cn 01 ° 13'55 50.00' 25'2 CO W o ° o Co C° O v o ° w W 1 0 in o rn (n co 1.8 I� D 25' N.E. 2ND AVE. B L 0 C K 6 0 rn 100.00' 0)(n O O O�! O S0 2- 14'4 3"E to 140.00' c--------- N.E. 2ND AVE. r,i 0 C K 4 1 JOB NO. 07139 Protect Name! MIAMI WORLDCENTER DWG Br. JSH (SCALE. 1"•80 CK'D By JEK (DATE. 03/11/2014 SHEET 13 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 SURVEYING&MAPPING Certificate of Authorization No. L87284 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) MIAMI WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT ZI °I o ° 11• — • (A4 O I (J1 . r 11 — - — N NO 2 96 `57 VV '2 119.98' im1 00 n —30'0 co CO 01 4 5' W 0 01 N. MIAMI AVE. — — —•—•— N 01 z 0 N ° c,+ O 'P IJ (n 0 IV 0) 25' 25 30' 0 S02° 13'55"E 069.96' W cn N N ' "W .5Sy.b4' i � o 0 , -6'gy 'p 0 .. IV *v' �'V �i • L.+ CA • z v 10 `y. • `� I— o, 0 4 m O „, v Z cs, .n (/1 00 00 co 0 — ° r-0 (D .p O Iv • OU'+' -Ho . = I, O O WNO o -m z o j CIt -�-r- — -. S 2 ° 13'55E 140 12' • N S02° 13'55"E 150.12' U1 25' 125' 0I 0 m' 25' 125' N n N.E.1ST AVE. 0) I r1 JOB No. 07139 Project Nome, MIAMI WORLDCENTER DWG BY, JSH (SCALE, 1"-80 CK'D By, JEK IDAIE. 03/11/2014 I SHEET 14 OF 15 949A Clint Moore Road Boca Raton, Florida 33487 omE - --�� SURVEYING&MAPPING Certificate of Authorization No. LB7264 Tel: (561) 241-9988 Fax: (561) 241-5182 SKETCH AND LEGAL DESCRIPTION (NOT A SURVEY) i1flI�4MI1 WORLDCENTER - COMMUNITY DEVELOPMENT DISTRICT 0 U) CID 0 C7 Ul N. MIAMI AVE. u, N N �" NO2° 16'57"W 119.98' U) 25' 125' f+ Irn I1 (1) I4 a •c 1,00 o2 11 25'. 25 •-1.— y 30'-- CU n0*. 0 —4 000 ro z )--30' n - n• m W N 0 x co zgms 7° 41'43 8.0 W (0 v Cb A S02° 15'45"E 119.97' (D T Cv V 1- CO r 0 m 0 0 _ V -s — 00 45' 4. CO W 6 NO2° 14'32"W 119.97' z co `' -..` 30' I- 0* V ip O ° 41. Q LAn� n.)n moo. • 01 x o 0 00 z 1_ i 30'_ r-nnn +7,r rur n vv 119.96' 1 pp N q N.E. 1ST AVE. (Jl 25' 12 } r\) N.)c„ cn - ' - - - - N . 4 • N CD 01 JOB NO. 07139 PfefeCt Name, MIAMI WORLDCENTER I DYID BY, JSH I CK'D Bye JEK SCALE, r•80' UATL, 03/11/20141 SHEET 15 OF 15 4 Exhibit" Public Open Spaces Easement Agreement 1v1 WC Development Agreement — Second Reading DRAFT 09/25/2014 v 14MA1A 183700945v12 MJ.4-1840990874 MIA 184107861v1 MIA 184108805v1 Exhibit "F" Public Open Spaces Easement Agreement City Commission — Second Reading DRAFT This instrument is prepared by (and after recording) please return this instrument to: Iris Escarra, Esq. Greenberg Traurig 333 Avenue of Americas 44th Floor Miami, FL 33131 Reserved for Recording OPEN SPACE EASEMENT AND MAINTENANCE AGREEMENT THIS OPEN SPACE EASEMENT AND MAINTENANCE AGREEMENT ("Easement Agreement") is entered this day of 2014, by and between MIAMI WORLDCENTER GROUP, LLC., a Florida limited liability company ("MWC") and the undersigned affiliates and subsidiaries of MWC (collectively, "Developer"), and the CITY OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of the State of Florida ("City", hereinafter the Developer and the City may be referred to as the "Parties"). RECITALS WHEREAS, the Developer holds fee simple title to that certain assemblage of real property located in the MWC District (collectively, "Property"), generally bound by NE 11 th Street on the North, NE 6th Street on the South, NE 2"d Avenue on the East, and North Miami Avenue on the West, containing 23 +/- acres, or 1,001,880 +/- square feet; WHEREAS, on or about November 3, 2009, the Developer and the City entered into that certain Development Agreement between the Parties ("Initial Agreement"), which was approved by the City Commission ("Commission") on November 13, 2008 through Resolution No. 08- 0658, (collectively, "Approval Resolution"); WHEREAS, on or about , 2014, the Developer and the City entered into that certain Amended and Restated Development Agreement between the Parties, which was approved by the Commission through Resolution No. ("Amended and Restated Development Agreement"); WHEREAS, the Parties mutually desire for the Property to provide various types of open space (collectively, "Open Spaces") within the Project, legal descriptions of which are attached as Exhibit "A", substantially consistent with the Conceptual Open Spaces Plan ("Open Spaces Plan") attached as Exhibit "B", and also consistent with the terms, conditions, and mutual obligations contained in the Initial Agreement and the Amended and Restated Development Agreement; and WHEREAS, the Developer will retain ownership of the Open Spaces but shall grant the City a non-exclusive easement allowing public access to the Open Spaces as depicted in the Open Spaces Plan attached as Exhibit B; MIA 183590082v4 Open Space Easement And Maintenance Agreement Reserved for Recording NOW, THEREFORE, in consideration of the mutual covenants, obligations, and conditions contained in this Easement Agreement, the Parties mutually agree and bind themselves as detailed below: 1. Recitals. The foregoing recitals are true and correct and are incorporated as if set forth herein. 2. Open Space. The Developer agrees to designate the following Open Spaces within the Property: (a) One (1) public Open Space containing a minimum of 20,000 contiguous square feet, as shown on Exhibit B; (b) One (1) public Open Space containing a minimum of 14,000 contiguous square feet, as shown on Exhibit B; and (c) Sidewalks and similar pedestrian passageways, excluding Paseos as defined and depicted in Appendix D of Miami 21, designed to encourage increased pedestrian activity including shopping, entertainment, and outdoor seating in the general areas conceptually identified on the Regulating Plan attached to this Easement Agreement as Exhibit "C". 3. Open Space Maintenance, Operation, and Liability Agreement. The Developer, including successors and assigns of the Developer, shall be responsible for maintaining, repairing, and all associated upkeep of the Open Spaces (including all improvements or similar structures which may be constructed or located thereon from time to time) in a safe manner, in compliance with applicable laws and building regulations, and in a manner which does not otherwise impede the exercise of the easement rights in this Easement Agreement. 4. Term of Easements. The easement(s) over the Open Spaces in favor of the City and the public granted in this Easement Agreement shall commence on the date of recordation in the Public Records of Miami -Dade County, Florida. 5. Construction and Development of Open Spaces. The Parties acknowledge that as part of the process to develop the Property, access to the Open Spaces may be temporarily impeded for purposes of constructing, maintaining, or repairing the Open Spaces. The Developer will provide the City with advance written notice of any temporary impediments to accessing the Open Spaces. 6. Compliance With Laws. The Developer shall at all times comply with applicable municipal, county, state, and federal laws, ordinances, codes, statutes, rules, and regulations. 7. Miscellaneous. 2 of 10 MIA 183590082v4 Open Space Easement And Maintenance Agreement Reserved for Recording a. Enforcement. The provisions of this Easement Agreement may be enforced by all available remedies at law or in equity (provided, however, that in no event shall any party have the right to seek to terminate any of the easement rights granted hereunder) by the Developer. b. Construction. The section headings contained in this Easement Agreement are for reference purposes only and shall not affect the meaning or interpretation of the provisions herein. All of the parties to this Easement Agreement have participated fully in the negotiation of this Easement Agreement, and accordingly, this Easement Agreement shall be equally construed as between the Parties, including their successors and assigns. In construing this Easement Agreement, the singular shall be held to include the plural, the plural shall be held to include the singular, and reference to any particular gender shall be held to include every other and all genders. c. Notices. All notices, demands, or requests given under this Easement Agreement shall, except as otherwise expressly provided, be in writing and delivered by personal service or sent by United States Registered or Certified Mail, return receipt requested, postage prepaid, or by overnight express delivery, such as Federal Express, to the parties at the addresses a listed below. Any notice given pursuant to this Easement Agreement shall be deemed given when received. Any actions required to be taken hereunder which fall on Saturday, Sunday, or United States legal holidays shall be deemed to be performed timely when taken on the succeeding day thereafter which shall not be a Saturday, Sunday, or legal holiday. To the City: City Manager City of Miami 3500 Pan American Drive Miami, FL 33133 With a copy to: City Attorney Miami Riverside Center 444 SW 2nd Avenue 9th Floor Miami, FL 33130 To the Developer: Managing Member Miami WorldCenter LLC. 1010 NE 2nd Avenue Miami, FL 33132 With copies to: 3 of 10 MIA 183590082v4 Open Space Easement And Maintenance Agreement Greenberg Traurig, P.A. Attn: Ryan D. Bailine, Esq. Attn: Iris Escarra, Esq. 333 SE 2nd Avenue Suite 4400 Miami, FL 33131 Reserved for Recording d. Severability. In the event any term or provision of this Easement Agreement 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 Easement Agreement shall remain in full force and effect. e. Successors and Assigns. This Easement Agreement shall be binding upon and inure to the benefit of the owners from time to time of the Property, including their respective successors and assigns. The Developer, at its sole discretion, may assign, in whole or in part, this Easement Agreement or any of its rights and obligations hereunder, or may extend the benefits of this Easement Agreement, to any holder of a Property Interest without the prior written consent or any other approval of the City. The City shall be notified in writing within thirty (30) days after any assignment or transfer. f. Exhibits. All of the Exhibits attached to this Easement Agreement are incorporated in, and made a part of, this Easement Agreement. g. Force Majeure. For purposes of this Easement Agreement, the term "Force Majeure" shall mean and refer to any act of God, earthquake, hurricane, flood, riot, war, order of civil or military or naval authority, fire, strikes, extraordinary weather conditions, labor disputes, or any other course of events reasonably beyond the control of the Parties, as applicable (provided, however, that the inability to fund any obligation shall never be deemed Force Majeure). To the extent either of the Parties, as applicable, is unable to complete an obligation or task as a result of Force Majeure, the time period for such party to complete its obligation, to the extent there is one, shall be extended for a reasonable period of time depending upon the nature of the Force Majeure event together with the incomplete task or unfulfilled obligation. h. Prevailing Party. In the event of any litigation between the Parties arising out of this Easement Agreement, each party shall be responsible for its own attorneys' fees and costs. 8. Reservations. a. The Developer hereby reserves all rights of ownership in and to the Open Spaces, including, without limitation, the right to grant further easements in, 4of10 MIA 183590082v4 Open Space Easement And Maintenance Agreement Reserved for Recording on, over, across, and under Open Spaces for all uses and activities that do not materially interfere with the intent and provisions of Easement Agreement. b. The Developer hereby reserves the right to install public utilities in the Open Spaces subject to the approval and consent of applicable local governmental and/or regulatory agencies. 9. Recordation. A fully executed version of this Easement Agreement shall be recorded in the public records of Miami -Dade County by the Developer, at the Developer's sole cost and expense, within Thirty (30) days after execution by all the Parties, and shall be binding on the property legally described in Exhibit A of this Easement Agreement. 10. Amendments; Termination. Subject to the other provisions hereof, the provisions of this Easement Agreement relating to the easements may not be amended, modified, or terminated except by written release and/or agreement of all of the then effected owners of the Property seeking such amendment, the holders of any mortgages of record encumbering same, and the Manager of the City of Miami or his or her successor, in a form acceptable to the City Attorney. The City shall not unreasonably withhold, condition, or deny any such requests to amend this Easement Agreement. Further, no modification or amendment shall be effective unless in writing and recorded in the Public Records of Miami -Dade County, Florida. 11. Estoppel Certificate. Upon request by any party to this Easement Agreement, the other party or its duly authorized representative will deliver to the requesting party, within thirty (30) days after such request is made, a certificate in writing certifying (a) that this Easement Agreement is unmodified and in full force and effect (or if there have been any modifications, a description of such modifications and that this Easement Agreement as modified is in full force and effect); (b) that to the best knowledge of such party, the requesting party is not, at that time, in default under any provision of this Easement Agreement, or, if in default, the nature thereof in detail; (c) to the best knowledge of such party, whether such party has a claim against the other party under this Easement Agreement, and, if so, the nature thereof and the dollar amount of such claim; and (d) such other matters as such requesting party or its lender may reasonably request. Each party further agrees that such certificate shall be in a form reasonably acceptable to the City Attorney and may be relied upon by (i) any prospective purchaser of the fee or mortgage or assignee of any mortgage on the fee of the Property or any portion thereof and/or (ii) any prospective or existing lender of the Developer as identified by the Developer in its request therefor. 12. Entire Agreement. This Easement Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings and arrangements, both oral and written, between the Parties. NOW, WHEREOF, the City and the Developer have caused this Open Space Easement and Maintenance Agreement to be duly executed. [SIGNATURE PAGES FOLLOW] 5 of 10 MIA 183590082v4 Open Space Easement And Maintenance Agreement 6 of 10 Reserved for Recording MIA 183590082v4 Open Space Easement And Maintenance Agreement MIAMI WORLDCENTER HOLDINGS LLC., a Delaware limited liability company By: PWV Group 1 Holdings, LLC., a Delaware limited liability company By: Name: Title: By: 701 North Miami (FL), LLC., a Delaware limited liability company By: Name: Title: Miami First, LLC., a Delaware limited liability company By: Print Name As: Miami Second, LLC., a Delaware limited liability company By: As: Print Name 7of10 Reserved for Recording MIA 183590082v4 Open Space Easement And Maintenance Agreement Miami Third, LLC., a Delaware limited liability company By: Print Name As: Miami Fourth, LLC., a Florida limited liability company By: Print Name As: Miami A/I, LLC., a Delaware limited liability company By: As: Print Name: FORBES MIAMI NE 1ST AVENUE LLC, a Michigan limited liability company By: Forbes Miami LLC., a Michigan limited liability company By: Name: Title: By: Forbes Family Miami, LLC., a Michigan limited liability company By: Name: Title: 8of10 Reserved for Recording MIA 183590082v4 Open Space Easement And Maintenance Agreement Reserved for Recording STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) I HEREBY CERTIFY that on this _ day of , 2014, personally appeared before me, an officer duly authorized to administer oaths and take acknowledgements, as of . They are personally known to me or have produced as identification. NOTARY PUBLIC Print Name: Commission No. Commission Expires: [SEAL] 9of10 MIA 183590082v4 Open Space Easement And Maintenance Agreement Reserved for Recording CITY OF MIAMI, FLORIDA By: Daniel J. Alfonso, City Manager ATTEST: By: Todd B. Hannon, City Clerk APPROVED AS TO FORM AND CORRECTNESS: By: Victoria Mendez, City Attorney 10 of 10 MIA 183590082v4