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HomeMy WebLinkAboutExhibit - CovenantReturn recorded copy to: City of Miami Office of the City Attorney 444 S.W. 2nd Avenue, Ste. 945 Miami, FL 33130-1910 DECLARATION OF RESTRICTIVE COVENANTS FOR BAYWALK IMPROVEMENTS This Declaration of Restrictive Covenants (the "Declaration") made this _day of , 2016, by FIRST PRESBYTERIAN CHURCH OF MIAMI, FLORIDA, a not - for -profit corporation of the State of Florida, ("Owner") having an address at 609 Brickell Avenue, Miami, Florida 33131-2510, in favor of CITY OF MIAMI, a municipal corporation of the State of Florida ("City"), having an address at 444 SW 2nd Avenue, Miami, Florida 33130. WHEREAS, Owner hereby covenants that Owner is lawfully seized of that certain real property located in the City of Miami, Miami -Dade County, Florida, assessed under Folio Number: 01-0210-030-1010, legally described in Exhibit "A", attached hereto and incorporated herein (the "Property"); and WHEREAS, Owner has granted City an easement across its Property, recorded in Book , Page , of the Official Records of Miami -Dade County, Florida, to allow construction of a baywalk across Owner's Property (the "Baywalk") notwithstanding that Owner has not initiated development that would otherwise require it to construct one itself pursuant to §§ 3(mm)(ii)-(iv) of the City Charter, as amended, and Miami21, the zoning ordinance of the City, as amended; and WHEREAS, construction of the Baywalk, including the filling of Owner's submerged lands, marine improvements such as sheet pilings and a seawall, and other finishes and hardscape are intended to be performed by the City and / or its contractors or agents ("Baywalk Improvements"); and WHEREAS, the Baywalk Improvements have a total cost of One Million Four Hundred Ninety Six Thousand Four Hundred Sixty Three Dollars and Fifty Seven Cents ($1,496,463.57) (the "Total Baywalk Improvements Funding"); and WHEREAS, the City intends to apply for, and may receive, a grant from the Florida Inland Navigation District ("FIND"), an independent special taxing district of the State of Florida to partially fund the Baywalk Improvements; and WHEREAS, if obtained, FIND's grant would pay for 50% or Seven Hundred Forty Eight Thousand Two Hundred Thirty One Dollars and Seventy Eight Cents -1- ($748,231.78), rendering the City -funded portion of the Baywalk Improvements as Seven Hundred Forty Eight Thousand Two Hundred Thirty One Dollars and Seventy Seven Cents ($748,231.77) ("Partially Grant -Funded Baywalk Improvements Funding"); and WHEREAS, Owner, in consideration for the improvement of its Property, including the Baywalk Improvements, places certain restrictions on the use of the Property; NOW, THEREFORE: 1. Recitals. The recitals set forth above are true and correct and are incorporated into this Declaration. 2. Covenant Running with the Land. This Declaration shall constitute a covenant running with the land and be binding upon the Owner, its successors, heirs, representatives and assigns, effective upon recordation in the Public Records of Miami - Dade County, Florida, for an initial term of thirty (30) years, after which time it shall be extended automatically for successive periods of ten (10) years, unless released in writing by the Owner with approval by the City. These restrictions shall be for the benefit of, and a limitation upon, all present and future owners of the Property and for the public welfare. 3. Restriction. Owner hereby declares that the Property shall be held, maintained, transferred, sold, conveyed and owned subject to the following designations and restrictive covenants: (a) Owner hereby agrees that it shall immediately remit to the City the remaining Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvement Funding , as applicable, pursuant to subsection (b) which shall be immediately due and payable upon the acquisition by the Owner of a building permit, including a phased permit or any other approval that would otherwise allow for development as defined in § 380.04, Fla. Stat. that would also require compliance with §§ 3(mm)(ii)-(iv) of the City Charter, as amended, or Miami21, as amended, or any successor land development regulation requiring, inter alia, the construction and provision of a baywalk, with the exception of any activity that meets the definition of development pursuant to § 380.04, Fla. Stat. that the City initiates in connection with construction of the Baywalk Improvements. (b) Upon the occurrence of any condition in Section 3(a), the Owner's remittance of the Baywalk Improvements Funding shall be calculated as the Baywalk Improvements -2- Funding minus the Baywalk Improvements Funding divided by six -hundred (600) multiplied by the number of months the Baywalk Improvements have been in place, which shall be the month in which the Baywalk Improvements are substantially complete. Restated, the formula shall be, utilizing a standard mathematical order of operations: (Baywalk Improvements Funding — ((Baywalk Improvements Funding / 600) X months Baywalk Improvements have been in place)). Should the City, subsequent to the execution of this Declaration, obtain a FIND grant for 50% of the cost of the Baywalk Improvements the formula above shall be modified to use the Partially Grant -Funded Baywalk Improvements Funding in lieu of the Baywalk Improvements Funding. If the City receives any grant money towards the Baywalk Improvements, whether from FIND or another eligble source, the Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvements Funding, as applicable, shall be reduced by that amount. 4. Termination. City, at the request of Owner or its successor or assigns, shall cause a release of this Declaration to be executed and recorded in the Official Records of Miami -Dade County, Florida upon payment by the Owner to the City of the Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvements Funding, as applicable. The City Manager or his successor is authorized to execute a release of this Declaration upon payment of the Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvements Funding, as applicable. Any release shall be in recordable form acceptable to the City Attorney. 5. Monitoring. It is understood and agreed that any official inspector of the City may after written notice have the right at any time during normal business hours to enter upon the Property for the purpose of investigating the use of the Property and for determining whether the conditions of this Declaration are being complied with. An action to enforce the terms and conditions of this Declaration may be brought by the City and may be by action at law or in equity against any person or persons, entity or entities, violating or attempting to violate the terms of this Declaration, either to restrain violations or to recover the Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvements Funding, as applicable. This enforcement provision shall be in addition to any other remedies available under the law. It is further understood that the City may also withhold building permits, including phased permits, if the Baywalk Improvements Funding or Partially Grant -Funded Baywalk Improvements Funding, as applicable, is due and payable. 6. Modification or Termination. Any modification or deferral of any provision of this Declaration shall not be effective unless modification or deferral is in - 3 - recordable form and signed by the Owner and approved by the City Commission, in form acceptable to and signed by the City Attorney. 7. Costs. This Declaration, modifications, amendments, or releases thereof, shall be recorded in the Public Records of Miami -Dade County, Florida, at the cost of the City, and shall become effective upon recordation. In the event the City or its agents must institute a civil action to collect any funds due or enforce any obligation under this instrument then City shall be entitled to recover its court costs and reasonable attorneys' fees. 8. Headings. The article and paragraph headings in this Declaration are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Declaration. 9. Governing Law. The Agreement shall be construed in accordance with the laws of the State of Florida and any proceedings arising between the parties in any manner pertaining or relating to this Agreement shall, to the extent permitted by law, be held in Miami -Dade County, Florida. 10. Entire Agreement. This Declaration incorporates and includes all prior negotiations, correspondence, conversations, agreements, and understandings applicable to the matters relating to the repayment of money to the City for Baywalk Improvements and the parties agree that there are no other commitments, agreements, or understandings concerning the repayment of money to the City for Baywalk Improvements arising out of this Declaration that are not contained in this Declaration. Accordingly, the parties agree that no deviation from the terms hereof shall be predicated upon any prior representation or agreements whether written or oral. It is further agreed, that no modification, amendment, or alteration in the terms or conditions contained herein shall be effective unless contained in a written document utilizing the same formalities as were used in the execution of this Declaration. 11. Notice. Any notice required to be given herein shall be given by personal delivery or by certified U.S. mail at the address specified below or at such other address as may be specified in writing by the parties. DEPARTMENT City Manager City of Miami 444 SW 2nd Avenue 10th Floor Miami, Florida 33130 With a copy to: -4 OWNER First Presbyterian Church of Miami, 609 Brickell Avenue Miami, Florida 33131-2510 Office of the City Attorney City of Miami 444 SW 2nd Avenue Suite 945 Miami, Florida 33130 (SIGNATURES ON FOLLOWING PAGES) Signed, witnessed, executed and acknowledged this day of , 2016. Witnesses: Print Name: Print Name: STATE OF ) )SS COUNTY OF ) By: Name: Title: The foregoing instrument was acknowledged before me this day of , 2016, by [OWNER], Personally Known or Produced Identification Type of Identification Produced My Commission Expires: Print or Stamp Name: Notary Public, State of Commission No.: -6 ATTESTED: CITY OF MIAMI, a municipal corporation of the State of Florida By: Todd B. Hannon Daniel J. Alfonso City Clerk City Manager STATE OF FLORIDA )SS: COUNTY OF MIAMI-DADE Sworn to and subscribed before me this day of 2016, by Daniel J. Alfonso, as City Manager of City of Miami, a municipal corporation of the State of Florida. He is personally known to me or has produced as identification. My Commission Expires: Approved as to legal form and correctness: Victoria Mendez, Esq. City Attorney -7 Notary Public, State of Florida Print or Stamp Name Commission No.: EXHIBIT "A" LEGAL DESCRIPTION 8