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HomeMy WebLinkAboutExhibit A SUBTHIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. This instrument Prepared by and after Recording Return To: T. Spencer Crowley, Esq. Akerman LLP 98 SE 7th Street, Suite 1100 Miami, FL 33131 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MIAMI, FLORIDA AND TOBACCO ROAD PROPERTY HOLDINGS, LLC, BCC ROAD IMPROVEMENT LLC, 2 INDIAN CREEK HOLDINGS, LLC, REGARDING DEVELOPMENT OF CERTAIN PARCELS OF THE BRICKELL CITY CENTRE PROJECT THIS DEVELOPMENT AGREEMENT is entered this day of 20 , and effective as of the day of , 20 , by and between TOBACCO ROAD PROPERTY HOLDINGS, LLC, BCC ROAD IMPROVEMENT LLC, and 2 INDIAN CREEK HOLDINGS, LLC, all being Florida limited liability companies (together known as "Developer"), and the CITY OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of the State of Florida ("City") (Developer and the City together referred to as the "Parties"). WITNESSETH: WHEREAS, Brickell City Centre Project LLC and 700 Brickell City Centre LLC (collectively, "Swire") held fee simple title to approximately nine (9) acres of property in the Brickell area of downtown Miami ("Original BCC Property"); and WHEREAS, the Original BCC Property spanned four (4) city blocks and was more specifically located south of the Miami River, west of Brickell Avenue, north of SW 8th Street, and east of SW 1st Avenue, located between two (2) mass transit lines; and WHEREAS, the Original BCC Property was underutilized in that it predominantly consisted of vacant, undeveloped lots secured by chain link fencing, and the status of the Original BCC Property was inconsistent with the City's vision to develop a world class downtown, and City wished to encourage redevelopment of the Original BCC Property; and WHEREAS, Swire wished to redevelop the Original BCC Property as a higher density, mixed -use, pedestrian -oriented, urban development known as Brickell City Centre which would provide much needed retail for the Brickell and Downtown area of Miami, and maximize efficiency and design through construction of two (2) levels of underground parking ("Brickell City Centre"); and WHEREAS, a process exists within the City's zoning code ("Miami 21"), known as a "Special Area Plan" or "SAP," which allows parcels of more than nine (9) abutting acres to FILE NO. 5090 - EXHIBIT A SUB 47217292;1 4773 9579; 1 Page 1 of 30 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. be master planned to allow greater integration of public improvements and infrastructure, and greater flexibility so as to result in higher or specialized quality building and streetscape design; and WHEREAS, on July 28, 2011, the City approved an SAP for Brickell City Centre, pursuant to Ordinance No. 13279 ("Brickell City Centre SAP"); and WHEREAS, Miami 21 requires development within an SAP to be governed by a Development Agreement between the property owner and the City; and WHEREAS, on October 24, 2011, Swire recorded a Development Agreement for Brickell City Centre, at Official Records Book 27868, Page 4664 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 28, 2013, the City approved an amendment to the Brickell City Centre SAP to include an additional city block known as "N2," and also approved an Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on April 7, 2014 at Official Records Book 29098, Page 3241 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 27, 2014, the City approved a second amendment to the Brickell City Centre SAP to include an additional city block known as "One BCC," and also approved a Second Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on September 18, 2014 at Official Records Book 29314, Page 0825 of the Public Records of Miami -Dade County, Florida ("Swire's BCC Agreement"); and WHEREAS, Swire has built -out Phase 1 of Brickell City Centre on the Original BCC Property, pursuant to Swire's BCC Agreement and the Brickell City Centre SAP; and WHEREAS, Developer owns certain real property located between SW 7th Street and SW Miami Avenue Road lying west of South Miami Avenue (northbound), consisting of approximately 104,287 sq. ft. (2.39 acres) of land ("BCC 650 SMA/AP Property"), as is more particularly described on Exhibit "A" attached hereto; and WHEREAS, the City and Developer wish to integrate the BCC 650 SMA/AP Property into the Brickell Centre SAP, to further redevelop underutilized property directly abutting the existing Brickell City Centre project into a single cohesive higher density, mixed -use, pedestrian - oriented, urban development ("BCC 650 SMA/AP Project"); and WHEREAS, the City and Developer wish for development of the BCC 650 SMA/AP Property to proceed substantially in accordance with the Brickell City Centre SAP Regulating Plan and Design Guidelines, as adopted on , 2019, and kept on file with the City ("Regulating Plan and Design Guidelines"); and Page 2 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. WHEREAS, the BCC 650 SMA/AP Property is designated Restricted Commercial, with an Urban Central Business District overlay, in the Miami Comprehensive Neighborhood Plan ("Comprehensive Plan"); and WHEREAS, the City and Developer wish for development of the BCC 650 SMA/AP Project to proceed in a manner which is consistent with the Comprehensive Plan; and WHEREAS, the BCC 650 SMA/AP Project is located in the Downtown Development of Regional Impact ("DDRI"); and WHEREAS, as of the Effective Date, the DDRI has sufficient development capacity to accommodate the BCC 650 SMA/AP Project and Developer has reserved such capacity through appropriate means with the City; and WHEREAS, the lack of certainty in the approval of development can result in a waste of economic and land resources, discourage sound capital improvement planning and financing, escalate the cost of housing and development, and discourage commitment to comprehensive planning; and WHEREAS, assurance to a developer that it inay proceed in accordance with existing laws and policies, subject to the conditions of a development agreement, strengthens the public planning process, encourages sound capital improvement planning and financing, assists in assuring there are adequate capital facilities for the development, encourages private participation in comprehensive planning, and reduces the economic costs of development; and WHEREAS, the City Commission, pursuant to Ordinance No. adopted on , 20 , has authorized the City Manager to execute this Agreement upon the terms and conditions as set forth below; and NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained, the Parties mutually agree and bind themselves as set forth herein: Section 1. Consideration. The Parties hereby agree that the consideration and obligations recited and provided for under this Agreement constitute substantial benefits to both Parties and thus adequate consideration for this Agreement. Section 2. Rules of Legal Construction. For all purposes of the Agreement, unless otherwise expressly provided: (a) A defined term has the meaning assigned to it; (b) Words in the singular include the plural, and words in the plural include the singular; (c) A pronoun in one gender includes and applies to other genders as well; FILE NO. 5090 - EXHIBIT A SUB Page 3 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. (d) The terms "hereunder", "herein", "hereof", "hereto", and such similar terms shall refer to the instant Agreement in its entirety and not to individual sections or articles; (e) The Parties hereto agree that this Agreement shall not be more strictly construed against either the City or Developer, as all Parties are drafters of this Agreement; and (f) The recitals are true and correct and are incorporated into and made a part of this Agreement. The attached exhibits shall be deemed adopted and incorporated into the Agreement; provided, however, that this Agreement shall be deemed to control in the event of a conflict between the exhibits and this Agreement. Section 3. Definitions. Capitalized terms which are not specifically defined herein shall have the meaning given in Miami 21. "Agreement" means this Development Agreement Between the City of Miami, Florida and Tobacco Road Property Holdings, LLC, BCC Road Improvement LLC, and 2 Indian Creek Holdings, LLC, Regarding Development of Certain Parcels of the Brickell City Centre Project. "City" means the City of Miami, a municipal corporation and a political subdivision of the State of Florida, and all departments, agencies, and instrumentalities subject to the jurisdiction thereof. "Comprehensive Plan" means the comprehensive plan known as the Miami Comprehensive Neighborhood Plan, adopted by the City pursuant to Chapter 163, Florida Statutes (2017), meeting the requirements of Section 163.3177, Florida Statutes (2017), Section 163.3178, Florida Statutes (2017), and Section 163.3221(2), Florida Statutes (2017), which is in effect as of the Effective Date. "County" means Miami -Dade County, a political subdivision of the State of Florida. "Development" means the carrying out of any building activity or mining operation, the making of any material change in the use or appearance of any structure or land, or the dividing of land into three (3) or more parcels and such other activities described in Section 163.3164(14), Florida Statutes (2017). "Effective Date" means , 20 , the date on which the City Commission authorized the City Manager to execute this Agreement. "Existing Zoning" means the zoning designation and regulations of the Miami 21 Code, City Charter, and City Code in effect as of , 2019, which comprise the effective land development regulations governing development of the BCC 650 SMA/AP Property as of the date of recordation of the Agreement. "Land" means the earth, water, and air above, below, or on the surface and includes any improvements or structures customarily regarded as land. Page 4 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. "Laws" mean all ordinances, resolutions, regulations, comprehensive plans, land development regulations, and rules adopted by a local, state, or federal government affecting the development of land. "Public Facilities" means major capital improvements, including, but not limited to, transportation, sanitary sewer, solid waste, drainage, potable water, educational, parks and recreational, streets, parking, and health systems and facilities. Section 4. Purpose. The purpose of this Agreement is for the City to authorize Developer to develop the BCC 650 SMA/AP Project pursuant to the Brickell City Centre SAP. This Agreement will establish, as of the Effective Date of this Agreement, the land development regulations including the Existing Zoning, the Regulating Plan, and Design Guidelines, which together will govern Development of the BCC 650 SMA/AP Project on the BCC 650 SMA/AP Property, thereby providing the Parties with additional certainty during the Development process. This Agreement also satisfies Section 3.9.1.f., Miami 21. Section 5. Intent. Developer and the City intend for this Agreement to be construed and implemented so as to effectuate the purpose of the Brickell City Centre SAP, this Agreement, the Comprehensive Plan and the Florida Local Government Development Agreement Act, Sections 163.3220 - 163.3243, Florida Statutes (2017). Section 6. Applicability. This Agreement only applies to the BCC 650 SMA/AP Project. The other components of Brickell City Centre shall remain subject to Swire's BCC Agreement, and this Agreement shall have no effect on Swire's BCC Agreement or the rights of the parties contained therein. Section 7. Term of Agreement, Effective Date, and Binding Effect. This Agreement shall have a term of the earlier of thirty (30) years from the Effective Date or the expiration or termination of Swire's BCC Agreement. The Developer shall record this Agreement in the public records of Miami -Dade County and file it with the City Clerk. The term of this Agreement may be extended by mutual consent of the Parties subject to a public hearing, pursuant to Section 163.3225, Florida Statutes (2018). This Agreement shall become effective on the Effective Date and shall constitute a covenant running with the land that shall be binding upon, and inure to, the benefit of the Parties, their successors, assigns, heirs, legal representatives, and personal representatives. Section S. Permitted Development, Uses, and Building Intensities. (a) Brickell City Centre SAP Designation. The City has designated the BCC 650 SMA/AP Property as part of the Brickell City Centre SAP on the official Zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Regulating Plan and Design Guidelines are attached as Exhibit "B". In approving the Brickell City Centre SAP, the City has determined that the uses, intensities, and densities of Development permitted thereunder are consistent with the Comprehensive Plan and the Existing Zoning. Page 5 of 30 47217292;1 47739579;1 (b) Density, Intensity, Uses, and Building Heights. (i) THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. As of the Effective Date and pursuant to the overall density limitations in the Brickell City Centre SAP, the density proposed for the BCC 650 SMA/AP Property shall not exceed 420 units per acre, and the intensity proposed for the BCC 650 SMA/AP Property is measured by an above- ground Floor Lot Ratio which shall not exceed 27.0. (ii) The non-residential Development permitted on the BCC 650 SMA/AP Property includes, but is not limited to, the following uses: office, hotel, retail, entertainment, medical office, academic space, and any other uses permitted by the Existing Zoning. (iii) As of the Effective Date and pursuant to the Brickell City Centre SAP, the maximum heights above mean sea level for the BCC 650 SMA/AP Project are as follows: • 851 feet for all blocks; • 129 feet for all Pedestals. (iv) Nothing herein shall prohibit Developer from requesting an increase in the density or intensity of Development permitted on the BCC 650 SMA/AP Property, as long as such increase in density or intensity is consistent with the Comprehensive Plan, Existing Zoning, the SAP, and this Agreement as it exists on the Effective Date. (v) The BCC 650 SMA/AP Project is eligible for bonus height and Floor Lot Ratio benefits, as set forth in the Regulating Plan, due to certain public benefits that the buildings provide. These public benefits are in addition to the requirements delineated in the Regulating Plan, Design Guidelines, and Section 3.9 of Miami 21. The Brickell City Centre SAP public benefits for the BCC 650 SMA/AP Project, as defined in the Regulating Plan, are: • Pedestrian mobility, safety, and aesthetic enhancements around and under the South Miami Avenue elevated roadway span that facilitate access to the Miami River Greenway; • Construction of a temporary and then a permanent fire station for the City on the Brickell City Centre "N2" block in the following manner: o The temporary fire station shall consist of, at a minimum: 1. A 24' by 60' trailer, parking for 8 vehicles; 2. A protective awning of approximately 40' by 20 'with 11' of clearance to protect Fire -Rescue apparatus; 3. An 8' by 16' storage shed; Page 6 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. 4. Adequate lighting; 5. A motorized gate and fencing; 6. A 1500 gallon wastewater holding tank system; and 7. Appropriate furniture for the trailer. o All temporary fire station improvements are to meet the technical and logistical requirements of the Department of Fire -Rescue. o For the permanent fire station, it shall be that fire station required by the "Public Benefits Agreement for Fire Station" dated October 10, 2016 between the City of Miami and Brickell City Centre Project, LLC. • Monetary contribution of six hundred thousand dollars ($600,000) to the Underline project, provided that said contribution shall only be considered a public benefit to the extent it has been spent (and for future payments, will be spent) on that portion of the Underline within the City, with proof thereof to be furnished by Developer, in a manner acceptable to the Planning Director, in the Annual Review as described in Section 18 of this Agreement; and • Monetary contribution to the City, to be paid at the issuance of the first building permit for the BCC 650 SMA/AP Project, of one million dollars ($1,000,000). After Swire makes this payment, the City will allocate two hundred thousand dollars ($200,000) equally to each City commission district to be spent either through the Anti - Poverty Initiative for that district or placed into the City's Affordable Housing Trust Fund earmarked for that commission district. • Public access to, and operation of, the above -grade connections during the extended hours of 10:00 P.M. to 2:00 A.M., including furnishing a minimum of two (2) security guards for the above - grade connections at such times. The total costs of the public benefits for the BCC 650 SMA/AP Project are above and beyond the monetary payment which would be required under the Public Benefits Trust Fund regulations of Miami 21 and Chapter 62 of the City Code. Thus, Developer shall be entitled to the maximum height, density, and intensity set forth herein without any further contributions to the Public Benefits Trust Fund. (c) Environmental. The City finds that the BCC 650 SMA/AP Project will confer a significant net improvement upon the publicly accessible tree canopy in the area. The City and Developer agree that Developer will comply with the intent and requirements of Chapter 17 of the City Code. The City agrees to facilitate the permitting and planting of replacement trees on all publicly -owned properties in this area. Section 9. Archaeology. Because of the BCC 650 SMA/AP Project's location in a high probability archaeological zone, Developer is required to obtain a certificate to dig Page 7 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. prior to any ground disturbing activities. As part of the certificate to dig for demolition and new construction permits, the following terms are hereby acknowledged to be conditions of the certificates(s) to dig, certificates of appropriateness (as applicable), and building permits or planning/zoning approvals for the BCC 650 SMA/AP Property. Developer hereby further assures the City that Developer will promptly comply with the following conditions. a) Monitoring. Developer shall complete a full monitoring archaeological assessment of the site with the objective of documenting and/or preserving all significant archaeological features. Further excavation shall be conducted as determined by City staff upon review of the archaeological monitoring reports. b) Additional Assessments. If evidence is found indicating further archaeological assessments are required, then Developer shall complete an expanded archaeological assessment of the site with the objective of documenting and/or preserving all significant archaeological features ("Archaeological Assessment"). In such a case, the Archaeological Assessment would include the following scope of work ("Field Work"): i. The initial phase shall involve systematic additional shovel testing ("Shovel Testing"). This will provide further determination of the nature and extent of the cultural deposits. ii. Following the Shovel Testing, the fill shall be mechanically removed from the site area under the continuous coordination of the contracted archaeologist, exposing the top of any cultural deposits associated with natural soils. iii. The next phase shall involve unit excavations within the site area that will be impacted by the proposed building construction (i.e. the area within and adjacent to the proposed building footprint). iv. All recovered samples will be catalogued and quantified. The results of this analysis will be retained and will be included in the final report. v. A written report and site documentation will be provided within thirty (30) business days following completion of the field work. vi. The consultant archaeologist shall provide monthly interim reports to the City of Miami Historic Preservation Board with copies to the Miami -Dade County Historic Preservation Department. c) Separate Certificates. Developer shall apply for separate certificates to dig for demolition and new construction, with the understanding that the certificate to dig for new construction shall only be reviewed after full archaeological assessment of the demolition has been completed. Page 8 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. d) Documentation. Developer shall provide the consultant archaeologist with whatever time is reasonably needed in order to fully document the site and any significant features as may be provided for in this Agreement. e) Significant Features. If a significant feature (to be determined by City staff) is found, then Developer shall make every effort to preserve that feature(s) within the building design, and revise the design, in accordance with City and County staffs recommendations. f) Notice. Written notice shall be provided by the consultant archaeologist to the City of Miami Historic Preservation Office if any significant archaeological deposits or features are discovered during the Archaeological Assessment or development at the parcel within forty-eight (48) hours of the discovery with copies to the Miami - Dade County Historic Preservation Department. g) Human Remains. If human remains are found, then the provisions of Florida Statute 872.05 and other applicable regulations shall apply. h) Final Report. A final report shall be prepared by the consultant archaeologist and provided to the City within six (6) months of completion of the Field Work and monitoring. i) Signage. If a significant archaeological site is found, a sign interpreting the parcel's history and prehistory will be erected on the site at Developer's expense, and said sign shall be reviewed and approved by the Office of Historic Preservation of the City of Miami. j) Artifacts. All recovered artifacts shall be properly documented and donated to the History Miami Museum at Developer's expense within eight (8) months of the issuance of a master building permit. k) Tree Removal. As part of any tree removal, a certificate to dig shall be applied for and any conditions met to be granted the certificate to dig for root/stump removal. The tree removal process will be documented by a monitoring archaeologist. Section 10. Connectivity and Activity within Public Right -of -Way. (a) Connectivity. A critical element to the success of the BCC 650 SMA/AP Project is above -grade connectivity between blocks and through public rights -of - way. This connectivity should be encouraged both within the BCC 650 SMA/AP Project and between the BCC 650 SMA/AP Project and other portions of Brickell City Centre. This connectivity will result in ease of access, minimized pedestrian and vehicular conflicts, and reduction of the BCC 650 SMA/AP Project's traffic impacts by permitting internalized traffic circulation. Page 9 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. In order to activate the above -grade connections, Developer proposes to locate commercial activity in this area. Developer recognizes that such connectivity and commercial usage may require approval of other governmental agencies such as Miami -Dade County and the Florida Department of Transportation. The City finds and determines that establishing such connectivity and commercial usage serves a public purpose, and the City agrees to support Developer's efforts to obtain any authorization to establish such connectivity and commercial usage. The City finds that the authorization of such uses within the public rights -of- way will have no adverse effects on the provision of natural light or circulation of air, or increase the adverse effects resulting from fire, floods, tornadoes, and hurricanes. It is further found that the presence of such uses within the public rights -of -way shall in no way diminish access for firefighting apparatus or rescue and salvage operations; diminish traffic, transportation, and circulation; or adversely impact the advancement of the safety, health, amenity, and general welfare within the City. For those above -grade connections approved by the Regulating Plan and Design Guidelines, the provisions of Sec. 54-186 of the City Code, as amended, shall not apply. (b) Construction of Encroachments within the Public Right -of -Way. The City finds that the proposed encroachments do not unduly restrict the use of the public rights -of -way and is a necessary and essential element in the construction of the pedestrian walkways above the public rights -of -way. The adoption of this Agreement shall serve to satisfy the requirements set forth in Sec. 55-14(b) of the City Code, as amended. Further, this Agreement shall satisfy the requirements of Sec. 55-14(d) of the City Code, as amended. In consideration for authorizing the construction of the aforementioned encroachments, Developer further covenants to: (i) Maintain the above -grade pedestrian walkways in accordance with the Florida Building Code, the City Charter, the City Code, and any other applicable federal, state, and local statutes, laws, rules, orders, and regulations. (ii) Provide an insurance policy, in an amount 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 right-of-way. Should Developer fail to continue to provide the insurance coverage, the City shall have the right to secure a similar insurance policy Page 10 of 30 47217292;1 4773 9579; 1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. in its name and place a special assessment lien against all properties subject to this Agreement for the total cost of the premium. (iii) Developer shall hold harmless and indemnify the City, its officials, and its employees from any claims for damage or loss to property and injury to persons of any nature whatsoever arising out of the use, construction, maintenance, or removal of the pedestrian walkways and from and against any claims which may arise out of the granting of permission for the encroachment or any activity performed under the terms of this Agreement. (c) Activity within the Public Right -of -Way. Notwithstanding the limitations set forth in Sec. 54-186 of the City Code, as amended, the City shall permit Food Service Establishment(s) and General Commercial uses, as defined in Miami 21, in the above -grade pedestrian walkways located within the public right-of-way, following approval by SAP Permit. Section 11. BCC 650 SMA/AP Project Approval. (a) Future Development Review. Future Development on the BCC 650 SMA/AP Property shall proceed pursuant to a process established in the Regulating Plan and Design Guidelines and shall be consistent with the Comprehensive Plan, this Agreement, Swire's BCC Agreement, and the Brickell City Centre SAP. (b) Prohibition on Downzoning. (i) (i) The Comprehensive Plan, this Agreement, and the Brickell City Centre SAP shall govern Development of the BCC 650 SMA/AP Property for the Term of the Agreement. The City's laws and policies adopted after the Effective Date may be applied to the BCC 650 SMA/AP Property only if the determinations required by Section 163.3233(2), Florida Statutes (2017) have been made after thirty (30) days written notice to Developer and after a public hearing. Pursuant to Section 163.3233(3), Florida Statutes (2017), this prohibition on downzoning supplements, rather than supplants, any rights that may vest to Developer under Florida or Federal law. As a result, Developer may challenge any subsequently adopted changes to land Development regulations based on (A) common law principles including, but not limited to, equitable estoppel and vested rights, or (B) statutory rights which may accrue by virtue of Chapter 70, Florida Statutes (2017). (c) Development of Regional Impact. (i) The City and Developer agree that as of the Effective Date, sufficient capacity remains under the DDRI to accommodate the BCC 650 SMA/AP Page 11 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Project and that Developer has reserved the capacity necessary to develop the BCC 650 SMA/AP Project. (ii) The City agrees that any DRI Development order which the City adopts after the Effective Date and which applies to the BCC 650 SMA/AP Property will (A) be consistent with this Agreement and the Brickell City Centre SAP and (B) include a Use/Intensity conversion table to allow for a reasonable level of flexibility with respect to the mix and intensity of uses in order to respond to changing market conditions. (iii) The City agrees that if the Miami Downtown Development Authority ("DDA") decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, Developer shall no longer be responsible for payment of DDRI fees. Further, if the DDA decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, the City agrees to refund any payment of DDRI fees made by Developer within twenty four (24) months of the decision to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order. Section 12. Retail Specialty Center Designation and Entertainment Specialty District Designation. Pursuant to Chapter 4 of the City Code, the two -block BCC 650 SMA/AP Project is designated as a retail specialty center and is designated as an entertainment specialty district. (a) The maximum number of Alcohol Service Establishments and Liquor Package Stores (as defined in Miami 21) permitted within retail specialty centers located within the BCC 650 SMA/AP Project shall not exceed either: five (5) Alcohol Service Establishments; or four (4) Alcohol Service Establishments and one (1) Liquor Package Store. These limits are exclusive of any Food Service Establishments (as defined in Miami 21) 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 or cafes operating with a 2-COP, 4-COP, 4-COP SFS, or equivalent license), and any other establishment with an alcoholic beverage license which is otherwise exempt from distance separation requirements pursuant to Chapter 4-4(h) of the City Code (e.g., bona fide, licensed hotel operating with a 4- COP S or equivalent license). However, the maximum number of establishments classified as Nightclubs (as defined by Chapter 4-2 of the City Code) shall not exceed two (2), unless otherwise approved by an SAP Permit. (b) Notwithstanding anything to the contrary in Chapter 4 of the City Code (including Section 4-3 thereof), hours of alcohol sale for all Alcohol Service Establishments and Food Service Establishments permitted within retail specialty centers in the BCC 650 SMA/AP Project shall be Monday — Sunday: 11:00 a.m — 5:00 a.m. for consumption on -premises, and Monday — Saturday: 9:00 a.m. — 12:00 midnight, and Sunday: 9:00 a.m. — 7:00 p.m. (with hours automatically extended to 10:00 Page 12 of 30 47217292;1 47739579;1 (c) THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. p.m. on Sundays in December) for consumption off -premises, By Right (as defined in Miami 21). Notwithstanding anything to the contrary contained in Chapter 4 of the City Code (including Sections 4-4 and 4-7 thereof) or Miami 21, the parties further acknowledge and agree that all (i) Alcohol Service Establishments (up to the maximum number authorized herein), (ii) Liquor Package Stores (up to the maximum number authorized herein), (iii) Food Service Establishments, and (iv) other establishments with an alcoholic beverage license which are otherwise exempt from distance separation requirements pursuant to Chapter 4-4(h) of the City Code shall be permitted By Right (as defined in Miami 21) within the BCC 650 SMA/AP Project, in accordance with Article 4, Table 3 and Article 6, Table 13 of the Regulating Plan, and shall not require any specific administrative or public hearing approval (i.e., no SAP Permit, Waiver, Warrant or Exception) under Miami 21, the City Code or the Regulating Plan for the establishment or continuation of such use. Notwithstanding the above, all Alcohol Service Establishments and Liquor Package Stores on the "BCC AP" block must be approved by SAP Permit. (d) Except as otherwise stated herein, notwithstanding the requirements of Chapter 4 of the City Code, restrictions relating to the maximum number and/or location of Alcohol Service Establishments and Liquor Package Stores, including but not limited to, required distance separation from churches, residential districts, schools and other Alcohol Service Establishments and Liquor Package Stores, whether within or outside the BCC 650 SMA/AP Project, shall not be applicable to any Alcohol Service Establishment or Liquor Package Store within the BCC 650 SMA/AP Project. In addition, Liquor Package Stores within the BCC 650 SMA/AP Project shall not be limited to the first floor of a Development. Section 13. Job Creation. Developer shall consult with local and state economic development entities regarding job training and job placement services to City residents seeking employment opportunities with potential employers which will locate or establish businesses within the BCC 650 SMA/AP Project. Section 14. Local Development Permits. (a) The Development of the BCC 650 SMA/AP Property in accordance with the Existing Zoning is contemplated by Developer. The BCC 650 SMA/AP Project may require additional permits or approvals from the City, County, State, or Federal government and any divisions thereof. Subject to required legal process and approvals, the City shall make a good faith effort to take all reasonable steps to cooperate with and facilitate all such approvals. Such approvals include, without limitation, the following approvals and permits and any successor or analogous approvals and permits: (i) Subdivision plat (including public right-of-way vacation/closure) or waiver of plat approvals; Page 13 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. (ii) Covenant in Lieu of Unity of Title, Unity of Title, or Restrictive Covenant acceptance or the release of existing unities or covenants; (iii) Building permits; (iv) Certificates of use; (v) Certificates of occupancy; (vi) Stormwater permits; (vii) DDRI approval, modification, or exemption; and (viii) Any other official action of the City, County, or any other government agency having the effect of permitting Development of the BCC 650 SMA/AP Project. (b) In the event that the City substantially modifies its land Development regulations regarding site plan approval procedures, authority to approve any site plan for a project on the BCC 650 SMA/AP Property shall be vested solely in the City Manager's designee(s), with the recommendation of the Planning Director and other departments, as applicable. Any such site plan shall be approved if it meets the requirements and criteria of the Existing Zoning, the Comprehensive Plan, and the terms of this Agreement, and is also consistent with Swire's BCC Agreement. Section 15. Consistency with Comprehensive Plan. The City finds that Development of the BCC 650 SMA/AP Property in conformity with the Existing Zoning is consistent with the Comprehensive Plan. As of the Effective Date, Developer is conducting an extensive analysis of the Public Facilities available to serve the BCC 650 SMA/AP Project. In the event that the Existing Zoning or the Comprehensive Plan requires Developer to provide additional Public Facilities to accommodate the BCC 650 SMA/AP Project, Developer will provide such Public Facilities consistent with the timing requirements of S ection 163.3180, Florida Statutes (2017). Developer shall be bound by the City impact fees and assessments in existence as of the Effective Date of this Agreement. Section 16. Necessity of Complying with Local Regulations Relative to Development Permits. Developer and the City agree that the failure of this Agreement to address a particular permit, condition, fee, term, license, or restriction in effect on the Effective Date shall not relieve Developer of the necessity of complying with the regulation governing said permitting requirements, conditions, fees, terms, licenses, or restrictions. Section 17. Reservation of Development Rights. Page 14 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. (a) For the term of this Agreement, the City hereby agrees that it shall permit the Development of the BCC 650 SMA/AP Property in accordance with the Existing Zoning, the Comprehensive Plan, and this Agreement. (b) Nothing herein shall prohibit an increase in the density or intensity of Development permitted on the BCC 650 SMA/AP Property in a manner consistent with (i) the Existing Zoning or the Comprehensive Plan, (ii) any zoning change subsequently requested or initiated by Developer in accordance with applicable provisions of law, or (iii) any zoning change subsequently enacted by the City. (c) The expiration or termination of this Agreement shall not be considered a waiver of, or limitation upon, the rights, including, but not limited to, any claims of vested rights or equitable estoppel, obtained or held by Developer or its successors or assigns to continue Development of the BCC 650 SMA/AP Property in conformity with Existing Zoning and all prior and subsequent Development permits or Development orders granted by the City concerning this BCC 650 SMA/AP Project. Section 18. Annual Review. (a) Developer shall provide the City on an annual basis a status of the BCC 650 SMA/AP Project in order for the City to conduct an annual review of the Development. This requirement shall commence twelve (12) months after the Effective Date. For ease of reference, the City shall accept one (1) single annual review for the entire Brickell City Centre SAP that satisfies the obligations of Developer in this Agreement and the requirements in Swire's BCC Agreement. The annual review shall include a review of the overhead pedestrian connections between the various blocks of Brickell City Centre, in particular the hours that they are open to the public. (b) During its annual review, the City may ask for additional information not provided by Developer. Any additional information required of Developer during an annual review shall be limited to that necessary to determine the extent to which Developer is proceeding in good faith to comply with the terms of this Agreement. (c) If the City finds on the basis of competent substantial evidence that Developer has not proceeded in good faith to comply with the terms of the Agreement, the City may terminate or amend this Agreement after providing 30 days written notice to Developer and after a public hearing before the City Commission. Section 19. Notices. (a) All notices, demands, and requests which may or are required to be given hereunder shall, except as otherwise expressly provided, be in writing Page 15 of 30 47217292;1 47739579;1 To the City: THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. 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 notice given pursuant to this 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. City Manager City of Miami 3500 Pan American Drive Miami, FL 33133 To Developer (TOBACCO ROAD PROPERTY HOLDINGS, LLC, and 2 INDIAN CREEK HOLDINGS LLC): Attn: 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 To Developer (BCC ROAD IMPROVEMENT LLC): Swire Properties, Inc. Attn: Kieran Bowers Three Brickell City Centre 98 SE 7th Street, Suite 601 Miami FL 33131 (b) With a copy to: City Attorney Miami Riverside Center 444 S.W. 2"d Avenue, 9th Floor Miami, FL 33130 With a copy to: Attn: Richard Toledo 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 With a copy to: Akerman LLP Attn: Spencer Crowley Three Brickell City Centre 98 SE 7th Street, Suite 1100 Miami FL 33131 Any party to this Agreement may change its notification address(es) by providing written notification to the remaining Parties pursuant to the terms and conditions of this section. Section 20. Exclusive Venue, Choice of Law, Specific Performance. It is mutually understood and agreed by the Parties hereto, that this Agreement shall be governed by the laws of the State of Florida, and any applicable federal law, both as to interpretation and performance, and that any action at law, suit in equity, or judicial proceedings for the enforcement of this Agreement or any provision hereof shall be instituted only in the courts of the State of Florida or federal courts and venue for any such actions shall lie exclusively in a court of competent jurisdiction in Miami -Dade County. In addition to any other legal rights, the City and Developer shall each have the right to specific performance of this Page 16 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Agreement in court. Each party shall bear its own attorney's fees. Each party waives any defense, whether asserted by motion or pleading, that the aforementioned courts are an improper or inconvenient venue. Moreover, the Parties consent 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 21. Voluntary Compliance. Developer and the City agree that in the event all or any part of this Agreement is struck down by judicial proceeding or preempted by legislative action, Developer and the City shall continue to honor the terms and conditions of this Agreement to the extent allowed by law. Section 22. No Oral Change or Termination. This Agreement and the exhibits and appendices appended hereto and incorporated herein by reference, if any, constitute the entire Agreement between the Parties with respect to the subject matter hereof. This Agreement supersedes any prior agreements or understandings between the Parties with respect to the subject matter hereof, and no change, modification, or discharge hereof in whole or in part shall be effective unless such change, modification, or discharge is in writing and signed by the party against whom enforcement of the change, modification, or discharge is sought and recorded in the public records of the County. This Agreement cannot be changed or terminated orally. Section 23. Compliance with Applicable Law. Subject to the terms and conditions of this Agreement, throughout the Term of this Agreement, Developer and the City shall comply with all applicable federal, state, and local laws, rules, regulations, codes, ordinances, resolutions, administrative orders, permits, policies and procedures, and orders that govern or relate to the respective Parties' obligations and performance under this Agreement, all as they may be amended from time to time. Section 24. Representations; Representatives. Each party represents to the other that this 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 terms. Section 25. No Exclusive Remedies. No remedy or election given by any provision in this 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, except where otherwise expressly provided. Section 26. Failure to Exercise Rights not a Waiver; Waiver Provisions. The failure 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 provision of this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. Section 27. Events of Default. Page 17 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. (a) Developer shall be in default under this Agreement if Developer fails to perform or breaches any term, covenant, or condition of this Agreement which is not cured within thirty (30) days after receipt of written notice from the City specifying the nature of such breach; provided, however, that if such breach cannot reasonably be cured within thirty (30) days, then Developer shall not be in default if it commences to cure such breach within said thirty (30) day period and diligently prosecutes such cure to completion. (b) The City shall be in default under this Agreement if the City fails to perform or breaches any term, covenant, or condition of this Agreement and such failure is not cured within thirty (30) days after receipt of written notice from a 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 commences to cure such breach within said thirty (30) day period and diligently prosecutes such cure to completion. (c) It shall not be a default under this Agreement if either party is declared bankrupt by a court of competent jurisdiction. All rights and obligations in this Agreement shall survive such bankruptcy of either party. The Parties hereby forfeit any right to terminate this Agreement upon the bankruptcy of the other party. This section does not absolve Developer of any of its obligations pursuant to the City Code should it declare bankruptcy, including but not limited to ensuring that all construction sites, buildings, structures, and excavation sites are safe. (d) The default of a successor or assignee of any portion of Developer's rights hereunder shall not be deemed a breach by the original Developer. Section 28. Remedies Upon Default. (a) Neither party may terminate this Agreement upon the default of the other party, but shall have all of the remedies enumerated herein. (b) Upon the occurrence of a default by a party to this Agreement not cured within the applicable grace period, Developer and the City agree that any party may seek specific performance of this Agreement, and that seeking specific performance shall not waive any right of such party to also seek monetary damages, injunctive relief, or any other relief other than termination of this Agreement. Each party shall bear its own attorney's fees in any such action. Section 29. Severability. If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, hereafter be determined to be invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby and shall continue in full force and effect. Section 30. Assignment and Transfer. This Agreement shall be binding on Developer and its heirs, successors, and assigns, including the successor to or assignee of any property interest in the BCC 650 SMA/AP Property ("BCC 650 SMA/AP Property Interest"). Developer, at its sole Page 18 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. discretion, may assign, in whole or in part, this Agreement or any of its rights and obligations hereunder, or may extend the benefits of this Agreement, to any holder of a BCC 650 SMA/AP Property Interest without the prior written consent or any other approval of the City. Any such assignee shall assume all applicable rights and obligations under this Agreement. Any reference to Developer in this Agreement also applies to any heir, successor, or assignee of Developer. Section 31. Obligations Surviving Termination Hereof. Notwithstanding and prevailing over any contrary term or provision contained herein, in the event of any lawful termination of this 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: (i) the exclusive venue and choice of law provisions contained herein; (ii) rights of any party arising during or attributable to the period prior to expiration or earlier termination of this 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 32. Lack of Agency Relationship. Nothing contained herein shall be construed as establishing an agency relationship between the City and Developer and neither Developer nor its employees, agents, contractors, subsidiaries, divisions, affiliates, or guests shall be deemed agents, instrumentalities, employees, or contractors of the City for any purpose hereunder, and the City, its contractors, agents, and employees shall not be deemed contractors, agents, or employees of Developer or its subsidiaries, divisions, or affiliates. Section 33. Cooperation; Expedited Permitting; and Time is of the Essence. (a) The Parties agree to cooperate with each other to the full extent practicable pursuant to the terms and conditions of this Agreement. The Parties agree that time is of the essence in all aspects of their respective and mutual responsibilities pursuant to this Agreement. The City shall use its best efforts to expedite the permitting and approval process in an effort to assist Developer in achieving its Development and construction milestones. The City will accommodate requests from Developer's general contractor and subcontractors for review of phased or multiple permitting packages, such as those for excavation, site work and foundations, building shell, core, and interiors. In addition, the City Manager will designate an individual who will have a primary (though not exclusive) duty to serve as the City's point of contact and liaison with Developer in order to facilitate expediting the processing and issuance of all permit and license applications and approvals across all of the various departments and offices of the City which have the authority or right to review and approve all applications for such permits and licenses. (b) Notwithstanding the foregoing, the City shall not be obligated to issue any permit to the extent Developer does not comply with the applicable requirements of the Existing Zoning, the Comprehensive Plan, this Agreement, applicable building codes, and any other statute, ordinance, rule, or regulation. Section 34. Enforcement. Page 19 of 30 47217292;1 47739579;1 (c) THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. (a) In the event that Developer, its successors, or assigns fails to act in accordance with the terms of the Existing Zoning or this Agreement, the City shall seek enforcement of said violation upon the subject BCC 650 SMA/AP Property. (b) Enforcement of this Agreement shall be by action against any Parties or person violating, or attempting to violate, any covenants set forth in this Agreement. This enforcement provision shall be in addition to any other remedies available at law, in equity, or both. Section 35. Amendment or Termination by Mutual Consent. This Agreement may not be amended or terminated during its Term except by mutual written agreement of Developer and the City. Prior to any amendment or termination of this Agreement during its Term, the City shall hold two (2) public hearings before the City Commission to consider and deliberate such amendment or termination. Any amendment or termination shall be recorded in the public records of the County at Developer's sole cost. Section 36. Third Party Defense. The City and Developer shall each, at their own cost and expense, vigorously defend any claims, suits, or demands brought against them by third parties challenging the Agreement or the BCC 650 SMA/AP Project, or objecting to any aspect thereof, including, without limitation, (i) a consistency challenge pursuant to Section 163.3215, Florida Statutes (2010), (ii) a petition for writ of certiorari, (iii) an action for declaratory judgment, or (iv) any claims for loss, damage, liability, or expense (including reasonable attorneys' fees). The City and Developer shall promptly give the other written notice of any such action, including those that are pending or threatened, and all responses, filings, and pleadings with respect thereto. Section 37. No Conflict of Interest. Developer agrees to comply with Section 2-612 of the City Code as of the Effective Date, with respect to conflicts of interest. Section 38. No Third -Party Beneficiary. No persons or entities other than Developer and the City, their heirs, permitted successors, and assigns, shall have any rights whatsoever under this Agreement. Section 39. Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute one and the same agreement. Section 40. Abutting Property Owners. The City and Developer have a mutual interest in ensuring that construction of the BCC 650 SMA/AP Project proceeds in a manner which is respectful of and sensitive to owners of property abutting the BCC 650 SMA/AP Project ("Abutting Owners"). In recognition of this concern, during construction of the BCC 650 SMA/AP Project, Developer agrees to ensure that Abutting Owners are compensated for any actual damages which directly result from accidental loss of utility service caused by Developer, its contractors, or subcontractors. Section 41. Status. Upon request from time to time by Developer, or its successor, assigns, or any mortgagee of Developer, its successor, or assign, the City shall deliver to such requesting party a letter (in recordable form, if requested) stating whether the obligations of Developer or its Page 20 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. successor or assign under this Agreement are current and in good standing or have been satisfied. In the event Developer or its successor or assign is not current in its obligations or such obligations are not satisfied, said letter shall state the particular manner in which such person's obligations under this Agreement are not current and in good standing or have not yet been satisfied. Section 42, Estoppel. Within ninety (90) days of receipt of written request from a Developer party, the City Manager or his designee, on behalf of the City, shall execute an estoppel certificate or similar document, in form and substance reasonably acceptable to the City Attorney, affirming Developer's compliance with the conditions set forth in the Agreement. Should the City fail to execute the requested estoppel certificate within the aforementioned time period, the City's non - response shall be presumed to indicate Developer's compliance with the terms of the Agreement. NOW, WHEREOF, the City and Developer have caused this Agreement to be duly executed. [Signature blocks for City and Developer on next pages] Page 21 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: THE CITY OF MIAMI, a Florida municipal corporation Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was acknowledged before me this day of 2019 by , the of THE CITY OF MIAMI, a Florida municipal corporation. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 22 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: TOBACCO ROAD PROPERTY HOLDINGS, LLC, a Florida limited liability company Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was acknowledged before me this day of 2018 by , the of TOBACCO ROAD PROPERTY HOLDINGS, LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 23 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: 2 INDIAN CREEK HOLDINGS, LLC a Florida limited liability company Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was acknowledged before me this day of 2018 by , the of 2 INDIAN CREEK HOLDINGS, LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 24 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: BCC ROAD IMPROVEMENT LLC, a Florida limited liability company Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was acknowledged before me this day of 2018 by , the of BCC ROAD IMPROVEMENT LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 25 of 30 47217292;1 47739579; 1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Exhibit "A" BCC 650 SMA Property Legal Description: Parcel 1: A portion of Lot 18, in Block 38-A, AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74 of the Public Records of Miami Dade County, Florida, more particularly described as follows: Beginning at the Southeast corner of said Lot 18, run South 87°37'17" West, along the South line of said Lot 18, for a distance of 50.01 feet to the Southwest comer of said Lot 18; thence run North 02° 16'37" West, along the West line of said Lot 18 for a distance of 90.55 feet to a point; thence run North 55° 10'03" East for a distance of 18.32 feet to a point of curve; thence run Northeasterly along the arc of a circular curve, concave to the Southeast, having a radius of 2856.29 feet, through a central angle of 00°49'08", for an arc distance of 40.83 feet to a point on the east line of said Lot 18; thence run South 02°16'38" East, along the East line of said Lot 18, for a distance of 122.05 feet to the Point of Beginning Parcel 2: All of Lots 19, 20 and 21, Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. LESS AND EXCEPTING THEREFROM the following portion thereof, to wit: Commence at the Southwest corner of said Lot 19; thence run North 02° 16'38" West, along the West line of said Lot 19, for a distance of 122.05 feet to the Point of Beginning of the herein described parcel; thence continue to run North 02°16'38" West, along the West line of said Lot 19, for a distance of 27.72 feet to the Northwest corner thereof; thence run North 87°37'22" East, along the north line of said Lot 19 and 20, for a distance of 53.56 feet; thence run South 60°17'00" West for a distance of 60.35 feet to the Point of Beginning Parcel 3: Lots 22 and 23 and the South 1/2 of Lot 24, in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Parcel 4: Page 26 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. The North'/2 of Lot 24 in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Parcel 5: Lot 1, Block 38-A, OF AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Parcel 6: Tract "A", of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139, at Page 41, of the Public Records of Miami -Dade, Florida. BCC AP Property Legal Description: Lot 6, in Block 38A, of AMENDED PLAT OF BLOCK 38A AND THE NORTH HALF OF BLOCK 53S, MAP OF MIAMI CO. FLA, according to the Plat thereof, as recorded in Plat Book 1, at Page 74, Public Records of Miami -Dade County, Florida, LESS that certain Right of Way for Bridge as recorded in Official Records Book 11897, Page 1864 and in Official Records Book 11913, Page 509, of the Public Records of Miami -Dade County, Florida AND Tract "B" of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139, Page 41, of the Public Records of Miami -Dade, Florida. AND Lot 4, Block E, SOUTH 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. AND Begin at the Southwest corner of Lot 1, Block E, of SOUTH CITY OF MIAMI, according to the Plat thereof, recorded in Plat Book B, Page 41, thence East 50 feet, thence North 100 feet to the North line of Lot 2 of said Block E South, thence run West 14.15 feet to the East line of S.W. Miami Avenue Road; thence Southwesterly along S.W. Miami Avenue Road 45.96 feet to the Northeast corner of Lot 4 of said Block E South; thence South along the East line of Lot 4, Block E South, 71.31 feet more or less to the place of Point of Beginning; same being the West 50 feet of Lot 1 and the West fractional part of Lot 2, Block E of SOUTH CITY OF MIAMI, Plat Book B, Page 41, Public Records of Miami -Dade County, Florida. Page 27 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. AND A portion of Lots 1, 2, and 3, of Block E S, MAP OF MIAMI, according to the plat thereof as recorded in Plat Book B and Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: Commence at the Southwest Corner of Lot 4, of said Block E S; thence N48°58'24"E along the Southeasterly Right -of -Way Line of S.W. Miami Avenue Road for a distance of 160.14 feet to the Southwest Corner of said Lot 3; said point also being the POINT OF BEGINNING of the hereinafter described Parcel of land: thence N48°58'24"E continuing along said Right -of -Way Line for a distance of 49.43 feet to a point of curvature with a circular curve concave Southeasterly; thence Northeasterly to the right along the arc of said curve having for its elements a Radius of 25.00 feet, through a central angle of 23°38'04" for an arc distance of 10.31 feet to a point of tangency; thence N72°36'28"E for a distance of 9.39 feet to a point of intersection with the "Limits of Construction Line" as shown on the Dade County Public Works Department Right -of -Way Map Section No. 87513-2644 dated March 1981, Revised January 1983; thence S02°16'45"E along said "Limits of Construction Line" for a distance of 13.68 feet to a point of curvature convave Westerly; thence continuing along said "Limits of Construction Line" Southwesterly to the right along the arc of said curve having for its elements a Radius of 250.25 feet, through a central angle of 29°47'13" for an arc distance of 130.10 feet to a point of intersection with the South line of said Lot 1 being non -tangent to the aforementioned curve; thence S87°37'19"W along the South Line of said Lot 1 also being the North Right -of -Way line of SW 6th Street, for a distance of 9.50 feet; thence NO2°17'41"W along the East line of the West 50.00 feet of said Lots 1 and 2 for a distance of 100.01 feet to a point of intersection with the South line of said Lot 3; thence S87°37'19"W along said South line for a distance of 14.15 feet to the POINT OF BEGINNING. AND A portion of Southwest 6th Street being more particularly described as follows: Begin at the Northwest corner of Lot 6 in Block 38A of AMENDED PLAT OF BLOCK 38A AND THE NORTH HALF OF BLOCK 53S, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami -Dade County, Florida; thence North 87°37'27" East along the North line of said Lot 6, also being the South Right Of Way line of said Southwest 6th Street, also being the North line of Tract "B" of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139 at Page 41 of said Public Records for 180.37 feet to the Northeast corner of said Tract "B", said corner lying and being on the Northwesterly Limited Access Right Of Way Line and a point on a circular curve, concave to the Northwest and whose radius point bears North 50°56'14" West; thence Northeasterly along said Limited Access Right Of Way Line and being a 255.25 foot radius curve, leading to the left, through a central angle of 07°05' 10" for an arc distance of 31.57 feet to a point on a non -tangent line; thence North 28°54'02" East along said Limited Access Right Of Way line for 19.13 feet to a point on a circular curve, concave to Page 28 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. the Northwest; thence Northeasterly along said Limited Access Right Of Way Line and being a 254.75 foot radius curve, leading to the left, through a central angle of 02°16'35" for an arc distance of 10.12 feet to a point on the North Right Of Way line of Southwest 6th Street; thence South 87°37'27" West along the South line of Lot 1 and Lot 4 of BLOCK E S, of MAP OF MIAMI, according to the Plat thereof, as recorded in Plat Book B at Page 41, of said Public Records and said North Right Of Way Line for 153.71 feet to a point on the Southeasterly Right Of Way line of Southwest Miami Avenue Road, also being the Southwest corner of Lot 4; thence South 48°18'26" West for 78.91 feet to the Point of Beginning Page 29 of 30 47217292;1 47739579;1 THIS ITEM IS A SUBSTITUTION. ORIGINAL CAN BE SEEN AT THE END OF THE DOCUMENT. Exhibit "B" [to be provided] Page 30 of 30 47217292;1 47739579;1 SUBSTITUTED. THIS ITEM IS A SUBS IC/Nr ORIGINAL N~RE SEEN AT THE EN THE DOCUMENT. This instrument Prepared by and after Recording Return To: T. Spencer Crowley, Esq. Akerman LLP 98 SE 7th Street, Suite 1100 Miami, FL 33131 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MIAMI, FLORIDA AND TOBACC ROAD PROPERTY HOLDINGS, LLC, BCC RO D IMPROVEMENT LLC, 2 INDIAN C. , EK HOLDINGS, LLC, REGARDING DEVELOP ENT OF CERTAIN PARCELS OF THE BRICKE ; ` CITY CENTRE PROJECT THIS DEVELOPMENT AGREEMENT is entered th' 20 , and effective as of the day of TOBACCO ROAD PROPERTY HOLDINGS, LLC, B and 2 INDIAN CREEK HOLDINGS, LLC, all bein (together known as "Developer"), and the CITY corporation and a political subdivision of the State o together referred to as the "Parties"). day of , 20 , by and between C ROAD IMPROVEMENT LLC, Florida limited liability companies F MIAMI, FLORIDA, a municipal Florida ("City") (Developer and the City WITNESETH: WHEREAS, Brickell City Centre project LLC and 700 Brickell City Centre LLC (collectively, "Swire") held fee simple ti e to approximately nine (9) acres of property in the Brickell area of downtown Miami ("Or', final BCC Property"); and WHEREAS, the Original Bl' C Property spanned four (4) city blocks and was more specifically located south of the iami River, west of Brickell Avenue, north of SW 8th Street, and east of SW 1st Aven e, located between two (2) mass transit lines; and WHEREAS, the Or'._inal BCC Property was underutilized in that it predominantly consisted of vacant, undo; eloped lots secured by chain link fencing, and the status of the Original BCC Property as inconsistent with the City's vision to develop a world class downtown, and City w',= ed to encourage redevelopment of the Original BCC Property; and WIIEREA;,, Swire wished to redevelop the Original BCC Property as a higher density, mixed-t, ..e, pedestrian -oriented, urban development known as Brickell City Centre which would provide much needed retail for the Brickell and Downtown area of Miami, and maximize effi;'ency and design through construction of two (2) levels of underground parking ("Brickell Ca' y Centre"); and HEREAS, a process exists within the City's zoning code ("Miami 21"), known as a "Spe ial Area Plan" or "SAP," which allows parcels of more than nine (9) abutting acres to FI, NO. 5090 —Exhibit A SUB Page 1 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT TI-ON ORIGINAL S AN' E'S" ENN AT THE ENS-EW'THE DOCUMENT. be master planned to allow greater integration of public improvements and infrastructur- and greater flexibility so as to result in higher or specialized quality building and streetscape resign; and WHEREAS, on July 28, 2011, the City approved an SAP for Brickell city Centre, pursuant to Ordinance No. 13279 ("Brickell City Centre SAP"); and WHEREAS, Miami 21 requires development within an SAP to governed by a Development Agreement between the property owner and the City; and WHEREAS, on October 24, 2011, Swire recorded a Development Agreement for Brickell City Centre, at Official Records Book 27868, Page 4664 r f the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 28, 2013, the City approved an endment to the Brickell City Centre SAP to include an additional city block known as "N2,"'and also approved an Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on April 7, 2014 at Official Records Book 2909-:, Page 3241 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 27, 2014, the City approved a second amendment to the Brickell City Centre SAP to include an additionality block known as "One BCC," and also approved a Second Amended and Restated Dev-, opment Agreement for Brickell City Centre to encompass this area, recorded on September 18, 2014 at Official Records Book 29314, Page 0825 of the Public Records of Jiami-Dade County, Florida ("Swire's BCC Agreement"); and WHEREAS, Swire has built-ou, hase 1 of Brickell City Centre on the Original BCC Property, pursuant to Swire's BCC Agreement and the Brickell City Centre SAP; and WHEREAS, Developer o ns certain real property located between SW 7t1i Street and SW Miami Avenue Road lyin_, west of South Miami Avenue (northbound), consisting of approximately 104,287 sq. ft. .39 acres) of land ("BCC 650 SMA/AP Property"), as is more particularly described on Exribit "A" attached hereto; and WHEREAS, the ity and Developer wish to integrate the BCC 650 SMA/AP Property into the Brickell Centre. SAP, to further redevelop underutilized property directly abutting the existing Brickell City Centre project into a single cohesive higher density, mixed -use, pedestrian - oriented, urban dove: .pment ("BCC 650 SMA/AP Project"); and WHEREAS, the City and Developer wish for development of the BCC 650 SMA/AP Pro erty to proceed substantially in accordance with the Brickell City Centre SAP Regulating P'an and Design Guidelines, as adopted on January 24, 2019, and kept on file with the City (" egulating Plan and Design Guidelines"); and FI NO, 5090 - Exhibit A SUB Page 2 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT 1tom ORIGINAL C JEST THE E�eFE DOCUMENT. WHEREAS, the BCC 650 SMA/AP Property is designated Restricted Com ercial, with an Urban Central Business District overlay, in the Miami Compr ensive. Neighborhood Plan ("Comprehensive Plan"); and WHEREAS, the City and Developer wish for development of the BC 650 SMA/AP Project to proceed in a manner which is consistent with the Comprehensive P=an; and WHEREAS, the BCC 650 SMA/AP Project is located in the Dow town Development of Regional Impact ("DDRI"); and WHEREAS, as of the Effective Date, the DDRI has sufficie development capacity to accommodate the BCC 650 SMA/AP Project and Developer 1 s reserved such capacity through appropriate means with the City; and WHEREAS, the lack of certainty in the approval of de elopment can result in a waste of economic and land resources, discourage sound capital imp; ovement planning and financing, escalate the cost of housing and development, and discou age commitment to comprehensive planning; and WHEREAS, assurance to a developer that it ` ay proceed in accordance with existing laws and policies, subject to the conditions of a development agreement, strengthens the public planning process, encourages sound capital im!'ovelnent planning and financing, assists in assuring there are adequate capital faciliti- " for the development, encourages private participation in comprehensive planning, and r educes the economic costs of development; and WHEREAS, the City Commiss'an, pursuant to Ordinance No. 13825 adopted on January 24, 2019, has authorized the Ci;` Manager to execute this Agreement upon the terms and conditions as set forth below; and NOW THEREFORE, i 'consideration of the mutual covenants and agreements hereinafter contained, the Parties ' utually agree and bind themselves as set forth herein: Section 1. Consideration.' The Parties hereby agree that the consideration and obligations recited and pro ided for under this Agreement constitute substantial benefits to both Parties and thus adec. ate consideration for this Agreement. Section 2. Rules o '' e • al Construction. For all purposes of ` e Agreement, unless otherwise expressly provided: (a) A defi d term has the meaning assigned to it; (b) Worris in the singular include the plural, and words in the plural include the singular; (c) pronoun in one gender includes and applies to other genders as well; FI, NO. 5090 — Exhibit A SUB Page 3 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTI J-T4e1 ORIGINAL „Al> EEN AT THE EN 'r THE DOCUMENT. (d) The terms "hereunder", "herein", "hereof", "hereto", and such similar terms shall r-'er to the instant Agreement in its entirety and not to individual sections or articles; (e) The Parties hereto agree that this Agreement shall not be more strictly construeagainst either the City or Developer, as all Parties are drafters of this Agreement; an (f) The recitals are true and correct and are incorporated into and made a part of this Agreement. The attached exhibits shall be deemed adopted and into .: orated into the Agreement; provided, however, that this Agreement shall be deem.efs to control in the event of a conflict between the exhibits and this Agreement. Section 3. Definitions. Capitalized terms which are not specific y defined herein shall have the meaning given in Miami 21. "Agreement" means this Development Agreement e, tween the City of Miami, Florida and Tobacco Road Property Holdings, LLC, . CC Road Improvement LLC, and 2 Indian Creek Holdings, LLC, Regarding Deve opment of Certain Parcels of the Brickell City Centre Project. "City" means the City of Miami, a muxicipal corporation and a political subdivision of the State of Florida, d all departments, agencies, and instrumentalities subject to the jurisdiction ereof. "Comprehensive Plan" means the omprehensive plan known as the Miami • Comprehensive Neighborhood Plan, a opted by the City pursuant to Chapter 163, Florida Statutes (2017), meeting the requ •ements of Section 163.3177, Florida Statutes (2017), Section 163.3178, F1s'ida Statutes (2017), and Section 163,3221(2), Florida Statutes (2017), which isn effect as of the Effective Date. "County" means Miami-D de County, a political subdivision of the State of Florida. "Development" means e carrying out of any building activity or mining operation, the making of any ma;• rial change in the use or appearance of any structure or land, or the dividing of la ;' into three (3) or more parcels and such other activities described in Section 163.316+ (14), Florida Statutes (2017). "Effective Da e" means Janaury,24, 2019, the date on which the City Commission authorized t . City Manager to execute this Agreement. "Existin Zoning" means the zoning designation and regulations of the Miami 21 Code, City Charter, and City Code in effect as of January 24, 2019, which comprise the e';' ective land development regulations governing development of the BCC 650 S l /AP Property as of the date of recordation of the Agreement. Land" means the earth, water, and air above, below, or on the surface and includes any improvements or structures customarily regarded as land. ,ILE NO, 5090 - Exhibit A SUB Page 4 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT I N ORIGINAL CA ITN AT THE END DOCUMENT. "Laws" mean all ordinances, resolutions, regulations, comprehensive pia land development regulations, and rules adopted by a local, state, or federal go ernment affecting the development of land. "Public Facilities" means major capital improvements, including, but > of limited to, transportation, sanitary sewer, solid waste, drainage, potable w.; er, educational, parks and recreational, streets, parking, and health systems and facilities. Section 4. Purpose. The purpose of this Agreement is for tie City to authorize Developer to develop the BCC 650 SMA/AP Project pursuant to e Brickell City Centre SAP. This Agreement will establish, as of the Effective Date o , this Agreement, the land development regulations including the Existing Zoning, the Regulating Plan, and Design Guidelines, which together will govern Development of the C 650 SMA/AP Project on the BCC 650 SMA/AP Property, thereby providing the Partie ith additional certainty during the Development process. This Agreement also satisfies Se .'ion 3.9.1.f., Miami 21, Section 5. Intent. Developer and the City i Fend for this Agreement to be construed and implemented so as to effectuate the purpose of the Brickell City Centre SAP, this Agreement, the Comprehensive Plan a. d the Florida Local Government Development Agreement Act, Sections 163.3220 163.3243, Florida Statutes (2017). Section 6. Applicability. This Agreement only applies to the BCC 650 SMA/AP Project, The other components of Brickell City Centr shall remain subject to Swire's BCC Agreement, and this Agreement shall have no effect on.wire's BCC Agreement or the rights of the parties contained therein. Section 7. Term of A ' reement ffective Date and Binding Effect. This Agreement shall have a term of the earlier of ; irty (30) years from the Effective Date or the expiration or termination of Swire's BCC greement. The Developer shall record this Agreement in the public records of Miami-D de County and file it with the City Clerk. The tei n of this Agreement may be extended. "sy mutual consent of the Parties subject to a public hearing, pursuant to Section 163.32 , Florida Statutes (2018). This Agreement shall become effective on the Effective Date and all constitute a covenant running with the land that shall be binding upon, and inure to, thr benefit of the Parties, their successors, assigns, heirs, legal representatives, and personal representatives. Section S. Pe itted Develo ment Uses and Building Intensities. (a) rickell City Centre SAP Designation. The City has designated the BCC 650 SMA/AP Property as part of the Brickell City Centre SAP on the official Zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Regulating Plan and Design Guidelines as contained in Ordinance No. 13 824, adopted Janaury 24, 2019. In approving the Brickell City Centre SAP, the City has determined that the uses, intensities, and densities of FILE NO. 5090 - Exhibit A SUB Page 5 of 29 47217292;1 (b) SUBSTITUTED. THIS ITEM IS A SUBSTIT 1T-ef ORIGINAL C EEN AT THE E,h HE DOCUMENT. Development permitted thereunder are consistent with the Comprehen ve Plan and the Existing Zoning. Density, Intensity, Uses, and Building Heights. (i) As of the Effective Date and pursuant to the overall density ;imitations in the Brickell City Centre SAP, the density proposed for the BCC 650 SMA/AP Property shall not exceed 420 units per acre, Y nd the intensity proposed for the BCC 650 SMA/AP Property is mea .'ired by an above- ground Floor Lot Ratio which shall not exceed 27.0. (ii) The non-residential Development permitted on e BCC 650 SMA/AP Property includes, but is not limited to, the follwing uses: office, hotel, retail, entertainment, medical office, acada nic space, and any other uses permitted by the Existing Zoning. (iii) As of the Effective Date and pursuant to he Brickell City Centre SAP, the maximum heights above mean sea ley T" for the BCC 650 SMA/AP Project are as follows: • 851 feet for all blocks; • 129 feet for all Pedestals. (iv) Nothing herein shall pro it Developer from requesting an increase in the density or intensit ,' of Development permitted on the BCC 650 SMA/AP Property, as long as such increase in density or intensity is consistent with the , mprehensive Plan, Existing Zoning, the SAP, and this Agreement as ;%exists on the Effective Date. (v) The BCC 650 .' A/AP Project is eligible for bonus height and Floor Lot Ratio benefit:=, as set forth in the Regulating Plan, due to certain public benefits th. the buildings provide. These public benefits are in addition to the req/rements delineated in the Regulating Plan, Design Guidelines, and Se , ion 3.9 of Miami 21, The Brickell City Centre SAP public benef s for the BCC 650 SMA/AP Project, as defined in the Regulating Pla , are: Pedestrian mobility, safety, and aesthetic enhancements around and under the South Miami Avenue elevated roadway span that facilitate access to the Miami River Greenway; • Construction of a temporary and then a permanent fire station for the City on the Brickell City Centre "N2" block in the following manner: o For the temporary fire station consist of, at a minimum: 1. A 24' by 60' trailer, parking for 8 vehicles; FIL f NO. 5090 - Exhibit A SUB Page 6 of 29 7217292;1 SUBSTITUTED. � THIS ITEM IS A SUBSTIT OR CAN EN AT THE EN�p E DOCUMENT. 2. A protective awning of approximately 40' by 20 `wi ' 11' of clearance to protect Fire -Rescue apparatus; 3. An 8' by 16' storage shed; 4. Adequate lighting; 5. A motorized gate and fencing; 6. A 1500 gallon septic tank system; and 7. Appropriate furniture for the trailer. o All temporary fire station improvements areo meet the technical and logistical requirements of the Departs , nt of Fire -Rescue. o For the permanent fire station, it shall be hat fire station required by the "Public Benefits Agreement for re Station" dated October 10, 2016 between the City of Mia and Brickell- City Centre Project, LLC, • Monetary contribution of six hund to the Underline project, provide be considered a public benefit for future payments, will be s within the City, with proof t a manner acceptable to the as described in Section • Monetary contribution permit for the BCC ($1,000,000) with equally allocated through the An City's Affoi commissioi • Public ac during t furnis grad d thousand dollars ($600,000) that said contribution shall only the extent it has been spent (and ent) on that portion of the Underline ereof to be furnished by Developer, in lanning Director, in the Annual Review of this Agreement; and o be paid at the issuance of the first building 50 SMA/AP Project, of one million dollars o hundred thousand dollars ($200,000) to be o each City commission district to be spent either Poverty Initiative for that district or placed into the able Housing Trust Fund earmarked for that district. ess to, and operation of, the above -grade connections e extended hours of 10:00 P.M. to 2:00 A.M., including ng a minimum of two (2) security guards for the above - connections at such times. The to al costs of the public benefits for the BCC 650 SMA/AP Project are ove and beyond the monetary payment which would be required uner the Public Benefits Trust Fund regulations of Miami 21 and apter 62 of the City Code. Thus, Developer shall be entitled to the aximum height, density, and intensity set forth herein without any further contributions to the Public Benefits Trust Fund. (c) vironmental. The City finds that the BCC 650 SMA/AP Project will onfer a significant net improvement upon the publicly accessible tree canopy in the area. The City and Developer agree that Developer will comply with the intent and requirements of Chapter 17 of the City Code. The City agrees to facilitate the permitting and planting of replacement trees on all publicly -owned properties in this area. LE NO. 5090 —Exhibit A SUB Page 7 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTJ 1 i— ORIGINAL C EN AT THE EN E DOCUMENT. Section 9. Archaeology. Because of the BCC 650 SMA/AP Project's locatioi, "in a high probability archaeological zone, Developer is required to obtain a certificate ;. dig prior to any ground disturbing activities. As part of the certificate to dig for demolition and new construction permits, the following terms are hereby acknowledged to be conditions of the certificates(s) to dig, certificates of appropriateness (as applicable), and building permits or planning/zoning approvals for the BCC 650 SMA/AP Property. Developer hereby rther assures the City that Developer will promptly comply with the following conditions, a) Monitoring. Developer shall complete a full monito- ing archaeological assessment of the site with the objective of doculnen;' g and/or preserving all significant archaeological features. Further excavation shall be conducted as determined by City staff upon revw of the archaeological monitoring reports. b) Additional Assessments. If evidence is fou indicating further archaeological assessments are required, / en Developer shall complete an expanded archaeological assessment r, the site with the objective of documenting and/or preserving all significant archaeological features ("Archaeological Assessment"). I ' such a case, the Archaeological Assessment would include the folwing scope of work ("Field Work"): i. The initial phase shall involve -systematic additional shovel testing ("Shovel Testing"). This will provid irther determination of the nature and extent of the cultural deposits. ii. Following the Shovel . esting, the fill shall be mechanically removed from the site area and r the continuous coordination of the contracted archaeologist, ex sing the top of any cultural deposits associated with natural soils, iii. The next ph se shall involve unit excavations within the site area that will be impact. ` by the proposed building construction (i.e, the area within and adjacent the proposed building footprint). iv. All . covered samples will be catalogued and quantified. The results of this ari ysis will be retained and will be included in the final report. v.. A written report and site documentation will be provided within thirty (30) business days following completion of the field work. vi. The consultant archaeologist shall provide monthly interim reports to the City of Miami Historic Preservation Board with copies to the Miami -Dade County Iistoric Preservation Department. c) Separate Certificates. Developer shall apply for separate certificates to dig for demolition and new construction, with the understanding that the certificate to dig ILE NO. 5090 — Exhibit A SUB Page 8 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTITUTION ORIGINAL CAN NN AT THE END �=DOCUMENT. for new construction shall only be reviewed after full archaeological assess Pent of the demolition has been completed. d) Documentation, Developer shall provide the consultant archae.,'ogist with whatever time is reasonably needed in order to fully document th ' site and any significant features as may be provided for in this Agreement. e) Significant Features. If a significant feature (to be determinwd by City staff) is found, then Developer shall make every effort to preserve th feature(s) within the building design, and revise the design, in accordance with ity and County staffs recommendations. f) Notice. Written notice shall be provided by the consu ant archaeologist to the City of Miami Historic Preservation Office if any significant archaeological deposits or features are discovered during the Archaeologic ; Assessment or development at the parcel within forty-eight (48) hours of the d''Ccovery with copies to the Miami - Dade County Historic Preservation Departme g) Human Remains. If human remains are found, then the provisions of Florida Statute 872,05 and other applicable regulations / all apply. h) Final Report. A final report shall be •repared by the consultant archaeologist and provided to the City within six (6 . months of completion of the Field Work and monitoring, i) Signage. If a significant arch.,- ological site is found, a sign interpreting the parcel's history and prehistory will e erected on the site at Developer's expense, and said sign shall be reviewed an approved by the Office of historic Preservation of the City of Miami. j) Artifacts. All recov ed artifacts shall be properly documented and donated to the History Miami M seum at Developer's expense within eight (8) months of the issuance of a maer building permit. k) Tree Relnov, As part of any tree removal, a certificate to dig shall be applied for and any co' ditions met to be granted the certificate to dig for root/stump removal. The tree removal process will be documented by a monitoring archaeologist. Section 10. Conl ctivit and Activit within Public Ri'ht-of Wa (a) C:nnectivit A critical element to the success of the BCC 650 SMA/AP roject is above -grade connectivity between blocks and through public rights -of - way. This connectivity should be encouraged both within the BCC 650 SMA/AP Project and between the BCC 650 SMA/AP Project and other portions of Brickell City Centre. This connectivity will result in ease of access, minimized pedestrian and vehicular conflicts, and reduction of the BCC 650 FT ; NO. 5090 — Exhibit A SUB Page 9 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTI TION ORIGINAL CA SEEN AT THE END�'�I —TE DO UMENT. SMA/AP Project's traffic impacts by permitting internalized traffic circa lation. In order to activate the above -grade connections, Developer propose ; to locate commercial activity in this area. Developer recognizes that such connectivity and commerc require approval of other governmental agencies such as Mi' and the Florida Department of Transportation. The determines that establishing such connectivity and comm public purpose, and the City agrees to support Developer authorization to establish such connectivity and commer The City finds that the authorization of such uses way will have no adverse effects on the provisio of air, or increase the adverse effects resultin and hurricanes. It is further found that the public rights -of -way shall in no way dimini or rescue and salvage operations; di circulation; or adversely impact the adv, and general welfare within the City. Fo by the Regulating Plan and Design Gu City Code, as amended, shall not ap y, 1 usage may i-Dade County City finds and rcial usage serves a efforts to obtain any al usage, ithin the public rights -of- f natural light or circulation from fire, floods, tornadoes, resence of such uses within the access for firefighting apparatus finish traffic, transportation, and cement of the safety, health, amenity, those above -grade connections approved clines, the provisions of Sec. 54-186 of the (b) Construction of Encroachm-. its within the Public Ri :ht-of Wa . The City finds that the proposed encroa rnents do not unduly restrict the use of the public rights -of -way and is a n essary and essential element in the construction of the pedestrian walkways /'r ove the public rights -of -way. The adoption of this Agreement shall serge to satisfy the requirements set forth in Sec, 55-14(b) of the City Code, as at ended. Further, this ABement shall satisfy the requirements of Sec. 55-14(d) of the City Code, as am; ded. In consideration for authorizing the construction of the aforementi% ed encroachments, Developer further covenants to: Maintain the above -grade pedestrian walkways in accordance with e Florida Building Code, the City Charter, the City Code, and any other applicable federal, state, and local statutes, laws, rules, orders, and regulations. (ii) Provide an insurance policy, in an amount 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 right-of-way. Should Developer fail to continue to provide the insurance coverage, the City shall have the right to secure a similar insurance policy ILE NO. 5090 — Exhibit A SUB Page 10 of 29 472 r 7292; I SUBSTITUTED. THIS ITEM IS A SUBSTI,TUT{O1 ORIGINAL C SEN AT THE E DOCUMENT. in its name and place a special assessment lien against all prop Y,,ties subject to this Agreement for the total cost of the premium. (iii) Developer shall hold harmless and indemnify th City, its officials, and its employees from any claims for damaor loss to property and injury to persons of any nature whatsoever arising out of the use, construction, maintenance, or removal of the pede Tian walkways and from and against any claims which may arise out f the granting of permission for the encroachment or any activity performed under the terms of this Agreement. (c) Activity within the Public Right -of -Way. Notwit . tanding the limitations set forth in Sec. 54-186 of the City Code, as amended, the City shall permit Food Service Establishment(s) and General Co:' mercial uses, as defined in Miami 21, in the above -grade pedestrian walk - ays located within the public right-of-way, following approval by SAP Pe Section 11. BCC 650 SMA/AP Project Approval. (a) Future Development Review. Future evelopment on the BCC 650 SMA/AP Property shall proceed pursuant to a rocess established in the Regulating Plan and Design Guidelines and shall consistent with the Comprehensive Plan, this Agreement, Swire's BCC greement, and the Brickell City Centre SAP. (b) Prohibition on Downzoning. (c) (i) The Comprehensive Plan, this Agreement, and the Brickell City Centre SAP shall govern Development of the BCC 650 SMA/AP Property for the Term of e Agreement. The City's laws and policies adopted after the Effectiv Date may be applied to the BCC 650 SMA/AP Property only if t determinations required by Section 163.3233(2), Florida Statutes 017) have been made after thirty (30) clays written notice to Devel •; '. er and after a public hearing. (i) Pu uant to Section 163.3233(3), Florida Statutes (2017), this prohibition o; downzoning supplements, rather than supplants, any rights that may est to Developer under Florida or Federal law. As a result, Developer may challenge any subsequently adopted changes to land Development regulations based on (A) common law principles including, but not limited to, equitable estoppel and vested rights, or (B) statutory rights which may accrue by virtue of Chapter 70, Florida Statutes (2017). Development of Regional Impact. (i) The City and Developer agree that as of the Effective Date, sufficient capacity remains under the DDRI to accommodate the BCC 650 SMA/AP FILE NO, 5090 — Exhibit A SUB Page 11 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSRIUTIONT ORIGINAL C AT THE . D- HE DOCUMENT. Project and that Developer has reserved the capacity necessary to devy op the BCC 650 SMA/AP Project. (ii) The City agrees that any DRI Development order which the C' y adopts after the Effective Date and which applies to the BCC 6 t SMA/AP Property will (A) be consistent with this Agreement anc the Brickell City Centre SAP and (B) include a Use/Intensity co ersion table to allow for a reasonable level of flexibility with respect to the mix and intensity of uses in order to respond to changing 1rarket conditions. (iii) The City agrees that if the Miami Downtown 1 eveloprnent Authority ("DDA") decides to abandon, terminate, res .'nd, or otherwise render ineffective the DDRI Development Order, r eveloper shall no longer be responsible for payment of DDRI fees. urther, if the DDA decides to abandon, terminate, rescind, or otl rwise render ineffective the DDRI Development Order, the City agrees to refund any payment of DDRI fees made by Developer witl twenty four (24) months of the decision to abandon, terminate, res ' ind, or otherwise render ineffective the DDRI Development Order. Section 12. Retail S.ecialt Center Desi_natin and Entertainment S.ecialt District Designation. Pursuant to Chapter 4 of the Cit Code, each block of the two -block BCC 650 SMA/AP Project is designated as a retail ,=pecialty center and each block is designated as an entertainment specialty district. (a) The maximum number of lcohol Service Establishments and Liquor Package Stores (as defined in Miar i 21) permitted within retail specialty centers located within the BCC 650 S A/AP Project shall not exceed: four (4) Alcohol Service Establishments and o (1) Liquor Package Store for the "BCC 650 SMA" block; two (2) Alcohol Se]. ,%ice Establishments and one (1) Liquor Package Store for the "BCC AP" block. hese limits are exclusive of any Food Service Establishments (as defined in M' lni 21) where the sale of alcoholic beverages is entirely incidental to and in con nction with the principal sale of food (e.g., bona fide, licensed restaurants . cafes operating with a 2-COP, 4-COP, 4-COP SFS, or equivalent license), ad any other establishment with an alcoholic beverage license which is otherwi exempt from distance separation requirements pursuant to Chapter 4-4(h) of the ity Code (e.g., bona fide, licensed hotel operating with a 4-COP S or equ' %alent license). However, the maximum number of establishments classified as ightclubs (as defined by Chapter 4-2 of the City Code) shall not exceed two (2) er block, unless otherwise approved by an SAP Permit, and the maximum number of Liquor Package Stores shall not exceed one (1) per block unless otherwise approved by an SAP Permit. Notwithstanding anything to the contrary in Chapter 4 of the City Code (including Section 4-3 thereof), hours of alcohol sale for all Alcohol Service Establishments and Food Service Establislnnents permitted within retail specialty centers in the FILE NO. 5090— Exhibit A SUB Page 12 of 29 47217292;1 (c) SUBSTITUTED. THIS ITEM IS A SUBSTITU GON: € S'E ORIGINAL C J LB-NN AT THE BAUD-&F HE DOCUMENT. BCC 650 SMA/AP Project shall be Monday — Sunday: 11:00 a.m — 5:00 a.m. or consumption on -premises, and Monday — Saturday: 9:00 a.m. — 12:00 midnight, and Sunday: 9:00 a.m. — 7:00 p.m. (with hours automatically extended t 10:00 p.m. on Sundays in December) for consumption off -premises, By Right ( defined in Miami 21.). Notwithstanding anything to the contrary contained in Chapter 4 o•• the City Code (including Sections 4-4 and 4-7 thereof) or Miami 21, the parties further acknowledge and agree that all (i) Alcohol Service Establi ents (up to the maximum number authorized herein), (ii) Liquor Packa Stores (up to the maximum number authorized herein), (iii) Food Service tablishments, and (iv) other establishments with an alcoholic beverage lieei, e which are otherwise exempt from distance separation requirements pursuar' to Chapter 4-4(h) of the City Code shall be permitted By Right (as defined i Miami 21) within the BCC 650 SMA/AP Project, in accordance with Article 4, ' able 3 and Article 6, Table 13 of the Regulating Plan, and shall not require any pecific administrative or public hearing approval (i.e., no SAP Permit, Waiver, -+arrant or Exception) under Miami 21, the City Code or the Regulating Plan for he establishment or continuation of such use. Notwithstanding the above, al Alcohol Service Establishments and Liquor Package Stores on the "BCC AP" flock must be approved by SAP Permit. (d) Except as otherwise stated herein, n. ithstanding the requirements of Chapter 4 of the City Code, restrictions relat'F g to the maximum number and/or location of Alcohol Service Establishments c nd Liquor Package Stores, including but not limited to, required distances frr, churches, residential districts, schools and other Alcohol Service Establishmis and Liquor Package Stores, whether within or outside the BCC 650 SM /AP Project, shall not be applicable to any Alcohol Service Establishment, 1 quor Package Store, or Food Service Establishment within the BCC 650 S , A/AP Project. In addition, Liquor Package Stores within the BCC 650 SMA AP Project shall not be limited to the first floor of a Development. Section 13. Job Creation. De, eloper shall consult with local and state economic development entities regarding job traini and job placement services to City residents seeking employment opportunities with potentir employers which will locate or establish businesses within the BCC 650 SMA/AP Project. Section 14. Loca. Develo.ment Permits. (a) T; e Development of the BCC 650 SMA/AP Property in accordance with e Existing Zoning is contemplated by Developer. The BCC 650 SMA/AP Project may require additional permits or approvals from the City, County, State, or Federal government and any divisions thereof. Subject to required legal process and approvals, the City shall make a good faith effort to take all reasonable steps to cooperate with and facilitate all such approvals. Such ILE NO. 5090 — Exhibit A SUB Page 13 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT ORIGINAL CAN, S EN AT THE EN DOCUMENT, approvals include, without limitation, the following approvals and permits and any successor or analogous approvals and permits: (i) Subdivision plat (including public right-of-way vacation/closure) or waiver of plat approvals; (ii) Covenant in Lieu of Unity of Title, Unity of Title, or Restricti Covenant acceptance or the release of existing unities or covenants; (iii) Building permits; (iv) Certificates of use; (v) Certificates of occupancy; (vi) Stormwater permits; (vii) DDRI approval, modification, or exempt%on; and (viil) Any other official action of e City, County, or any other government agency having the - feet of permitting Development of the BCC 650 SMA/AP Project. (b) In the event that the City sustantially modifies its land Development regulations regarding site plan aroval procedures, authority to approve any site plan for a project on the BCC 50 SMA/AP Property shall be vested solely in the City Manager's designee(s), ith the recommendation of the Planning Director and other departments, as applicable. Any such site plan shall be approved if it meets the requirements nd criteria of the Existing Zoning, the Comprehensive Plan, and the terms of his Agreement, and is also consistent with Swire's BCC Agreement. Section 15. Consistent with f om.rehensive Plan. The City finds that Development of the BCC 650 SMA/AP Propert,;' in conformity with the Existing Zoning is consistent with the Comprehensive Plan. As o the Effective Date, Developer is conducting an extensive analysis of the Public Facilities 'ailable to serve the BCC 650 SMA/AP Project. In the event that the Existing Zoning c the Comprehensive Plan requires Developer to provide additional Public Facilities to ecommodate the BCC 650 SMA/AP Project, Developer will provide such Public Facil'.%"es consistent with the timing requirements of Section 163.3180, Florida Statutes (2017), Developer shall be bound by the City impact fees and assessments in existence as o he Effective Date of this Agreement. Section s. Necessity of Complying with Local Regulations Relative to Development Permits. Developer and the City agree that the failure of this Agreement to address a partic - ar permit, condition, fee, term, license, or restriction in effect on the Effective Date shall ILE NO. 5090 — Exhibit A SUB Page 14 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTI�T J E3N: ORIGINAL C l c EEN AT THE ULD E DOCUMENT. not relieve Developer of the necessity of complying with the regulation governing said per, itting requirements, conditions, fees, teriiis, licenses, or restrictions. Section 17. Reservation of Development Rights. (a) For the term of this Agreement, the City hereby agrees tha;'it shall permit the Development of the BCC 650 SMA/AP Property in ccordance with the Existing Zoning, the Comprehensive Plan, and this A "cement. (b) Nothing herein shall prohibit an increase in the density or intensity of Development permitted on the BCC 650 SMA/ Property in a manner consistent with (i) the Existing Zoning or the omprehensive Plan, (ii) any zoning change subsequently requested or initiated by Developer in accordance with applicable provisions of la > or (iii) any zoning change subsequently enacted by the City. (c) The expiration or termination of this Agree ent shall not be considered a waiver of, or limitation upon, the rights, includ g, but not limited to, any claims of vested rights or equitable estoppel, , tained or held by Developer or its successors or assigns to continue velopment of the BCC 650 SMA/AP Property in conformity with Exi : ing Zoning and all prior and subsequent Development permits or Develop ent orders granted by the City concerning this BCC 650 SMA/AP Project, Section 18. Annual Review. (a) Developer shall provide he City on an annual basis a status of the BCC 650 SMA/AP Project in order for the City to conduct an annual review of the Development. This sequirement shall commence twelve (12) months after the Effective Date. For ease of reference, the City shall accept one (1) single annual review for the e re Brickell City Centre SAP that satisfies the obligations of Developer in th. Agreement and the requirements in Swire's BCC Agreement. The annual re iew shall include a review of the overhead pedestrian connections between the arious blocks of Brickell City Centre, in particular the hours that they are open to the public. (b) During its annual review, the City may ask for additional information not prov'ded by Developer. Any additional information required of Developer during an annual review shall be limited to that necessary to determine the tent to which Developer is proceeding in good faith to comply with the terms of this Agreement. If the City finds on the basis of competent substantial evidence that Developer has not proceeded in good faith to comply with the terms of the Agreement, the City may terminate or amend this Agreement after providing 3.0 days written notice to Developer and after a public hearing before the City Commission. ILE NO. 5090 - Exhibit A SUB Page 15 of 29 47217292;1 SUBSTITUTED. Section 19. Notices. (a) To the City: THIS ITEM IS A SUBSTITUTION-,--- ORIGINAL CAN EN —AT THE EN DOCUMENT, All notices, demands, and requests which may or are requir given hereunder shall, except as otherwise expressly provided, b and delivered by personal service or sent by United States Certified Mail, return receipt requested, postage prepaid, or by ov delivery, such as Federal Express, to the Parties at the addre Any notice given pursuant to this Agreement shall be d received. Any actions required to be taken hereunder w Sunday, or United States legal holidays shall be deemed when taken on the succeeding day thereafter which Sunday, or legal holiday. City Manager City of Miami 3500 Pan American Drive Miami, FL 33133 To Developer (TOBACCO ROAD PROPERTY HOLDINGS, LLC, and 2 INDIAN CREEK HOLDINGS LLC): Attn: 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 To Developer (BCC ROAD IMPROVEMENT LLC): Swire Propeyies, Inc. Attn: Chri Gandolfo Three B,'ckell City Centre 98 SE, tip Street, Suite 601 Mia,' i FL 33131 (b) With a copy to: d to be in writing gistered or might express es listed below. ned given when h fall on Saturday, o be performed timely gall not be a Saturday, City Attorney Miami Riverside Center 444 S.W. 2"`t Avenue, 9th Floor Miami, FL 33130 th a copy to: Attn: Richard Toledo 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 With a copy to: Akerman LLP Attn: Spencer Crowley Three Brickell City Centre 98 SE 7th Street, Suite 1100 Miami FL 33131 Any party to this Agreement may change its notification address(es) by providing written notification to the remaining Parties pursuant to the terms and conditions of this section. Sectitfn 20. Exclusive Venue, Choice of Law, Specific Performance. It is mutually undTrstood and agreed by the Parties hereto, that this Agreement shall be governed by the la; s of the State of Florida, and any applicable federal law, both as to interpretation and FILE NO, 5090 — Exhibit A SUB Page 16 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTITUTION: ORIGINAL CAN B EN—At' THE END O OCUMENT, performance, and that any action at law, suit in equity, or judicial proceedings for e enforcement of this Agreement or any provision hereof shall be instituted only in the cot, is of the State of Florida or federal courts and venue for any such actions shall lie exclus'�� ely in a court of competent jurisdiction in Miami -Dade County. In addition to any other legal rights, the City and Developer shall each have the right to specific performance of this Agreement in court. Each party shall bear its own attorney's fees. Each party waive : any defense, whether asserted by motion or pleading, that the aforementioned courts are .;,' improper or inconvenient venue. Moreover, the Parties consent to the personal jut-. ``diction of the • aforementioned courts and irrevocably waive any objections to said juris.%ction. The Parties irrevocably waive any rights to a jury trial. Section 21. Voluntary Compliance. Developer and the City agre-,`that in the event all or any part of this Agreement is struck down by judicial proc-'ding or preempted by legislative action, Developer and the City shall continue to honer the terms and conditions of this Agreement to the extent allowed by law, Section 22. No Oral Change or Termination. This, Agreement and the exhibits and appendices appended hereto and incorporated herein -.y reference, if any, constitute the entire Agreement between the Parties with respect t the subject matter hereof. This Agreement supersedes any prior agreements or understandings between the Parties with respect to the subject matter hereof, and no chan, modification, or discharge hereof in whole or in part shall be effective unless such cha -: e, modification, or discharge is in writing and signed by the party against whom enforceme;'t of the change, modification, or discharge is sought and recorded in the public records of te County. This Agreement cannot be changed or terminated orally. Section 23. Compliance with A .lica7' e Law. Subject to the terms and conditions of this Agreement, throughout the Ter , of this Agreement, Developer and the City shall comply with all applicable federa„ state, and local laws, rules, regulations, codes, ordinances, resolutions, administr ; ive orders, permits, policies and procedures, and orders that govern or relate to the respr'ctive Parties' obligations and performance under this Agreement, all as they may be mended from time to time. Section 24. Re.resentatiohsRe.resentatives. Each party represents to the other that this Agreement has bee duly authorized, delivered, and executed by such party and constitutes the legal, val , and binding obligation of such party, enforceable in accordance with its terms. Section 25, No E 'lusive Remedies. No remedy or election given by any provision in this Agreement shall re deemed exclusive unless expressly so indicated. Wherever possible, the remedies grant 1 hereunder upon a default of the other party shall be cumulative and in addition to al other remedies at law or equity arising from such event of default, except where otherwise e ressly provided. Section . 6. Failure to Exercise Rights not a Waiver; Waiver Provisions. The failure by either party ; promptly exercise any right arising hereunder shall not constitute a waiver of such right F ; B NO. 5090 -Exhibit A SUB Page 17 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTITJUTJ. ORIGINAL CA EN AT THE E - DOCUMENT. unless otherwise expressly provided herein. No waiver or breach of any provision -.f this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. Section 27. Events of Default, (a) Developer shall be in default under this Agreement if Developer ails to perform or breaches any term, covenant, or condition of this Agreemen;'which is not cured within thirty (30) days after receipt of written notice from t r e City specifying the nature of such breach; provided, however, that if such bre, h cannot reasonably be cured within thirty (30) days, then Developer shall not be i1 default if it commences to cure such breach within said thirty (30) day period a ;• diligently prosecutes such cure to completion. (b) The City shall be in default under this Agreemt if the City fails to perform or breaches any term, covenant, or condition of th' Agreement and such failure is not cured within thirty (30) days after receipt .+f written notice from a Developer specifying the nature of such breach; provi , -d, however, that if such breach cannot reasonably be cured within thirty (30) ys, the City shall not be in default if it commences to cure such breach withi.'said thirty (30) day period and diligently prosecutes such cure to completion. (c) It shall not be a default under this greement if either party is declared bankrupt by a court of competent jurisdictio All rights and obligations in this Agreement shall survive such bankruptcy of e' her party, The Parties hereby forfeit any_right to terminate this Agreement up n the bankruptcy of the other party. This section does not absolve Developer of y of its obligations pursuant to the City Code should it declare bankruptcy, inclding but not limited to ensuring that all construction sites, buildings, structures, f d excavation sites are safe. (d) The default of a 'uccessor or assignee of any portion of Developer's rights hereunder shall 1rt be deemed a breach by the original Developer. Section 28. Remedies U +n Default. (a) Neither p '-ty may terminate this Agreement upon the default of the other party, but shall ha e all of the remedies enumerated herein, (b) Up s.' the occurrence of a default by a party to this Agreement not cured within the ap;.licable grace period, Developer and the City agree that any party may seek ecif c performance of this Agreement, and that seeking specific performance shall not waive any right of such party to also seek monetary damages, injunctive relief, or any other relief other than termination of this Agreement. Each party shall bear its own attorney's fees in any such action, Secti R-` 29. Severability, If any term or provision of this Agreement or the application thereof to ..'y person or circumstance shall, to any extent, hereafter be determined to be invalid or ue'nforceable, the remainder of this Agreement or the application of such term or provision to FILE NO. 5090 — Exhibit A SUB Page 18 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBST ORIGINAL CC 1-BE SEEN AT THE HE DOCUMENT• persons or circumstances other than those as to which it is held invalid or unenforceable si a `1 not be affected thereby and shall continue in full force and effect. Section 30. Assignrnent and Transfer. This Agreement shall be binding on Developer and its heirs, successors, and assigns, including the successor to or assignee of any property terest in the BCC 650 SMA/AP Property ("BCC 650 SMA/AP Property Interest"). Devele er, at its sole discretion, may assign, in whole or in part, this Agreement or any of its righ , .and obligations hereunder, or may extend the benefits of this Agreement, to any holder of a y CC 650 SMA/AP Property Interest without the prior written consent or any other approval o the City. Any such assignee shall assume all applicable rights and obligations under this Agr; ement. Any reference to Developer in this Agreement also applies to any heir, successor, or assignee of Developer, Section 31. Obligations Surviving Termination Hereof, Notwitl ,' anding and prevailing over any contrary term or provision contained herein, in the event of ny lawful termination of this. 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: (i) the exclusive ; enue and choice of law provisions contained herein; (ii) rights of any party arising during :sr attributable to the period prior to expiration or earlier termination of this Agreement; and iii) any other term or provision herein which expressly indicates either that it survives the tern ination or expiration hereof or is or may be applicable or effective beyond the expiration or p .° nitted early termination hereof, Section 32. Lack of Agency Relationship, . thing contained herein shall be construed as establishing an agency relationship between the ity and Developer and neither Developer nor its employees, agents, contractors, subsidiaries, visions, affiliates, or guests shall be deemed agents, instrumentalities, employees, or contractor of the City for any purpose hereunder, and the City, its contractors, agents, and employees sh 1 not be deemed contractors, agents, or employees of Developer or its subsidiaries, divisions, ;r affiliates, Section 33• Coo oration• Ex edid Permittin_• and Time is of the Essence. (a) The Parties agree . cooperate with each other to the ftiill extent practicable pursuant to the terms an conditions of this Agreement. The Parties agree that time is of the essence in all ; spects of their respective and mutual responsibilities pursuant to this Agreement.; The City shall use its best efforts to expedite the permitting and approval Process in an effort to assist Developer in achieving its Development and constru ion milestones. The City will accommodate requests from Developer's gener/' contractor and subcontractors for review of phased or multiple permitting pac ges, such as those for excavation, site work and foundations, building shell, ee e, and interiors. In addition, the City Manager will designate an individual who ill have a primary (though not exclusive) duty to serve as the City's point of contact and liaison with Developer in order to facilitate expediting the processing and issuance of all permit and license applications and approvals across all of the various departments and offices of the City which have the authority or right to review and approve all applications for such permits and licenses. FILE NO, 5090 — Exhibit A SUB Page 19 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTI „J.T'r JI IT ORIGINAL C N EEN AT THE , e E DOCUMENT. (b) Notwithstanding the foregoing, the City shall not be obligated to issue any permit to the extent Developer does not comply with the applicable requiremen of the Existing Zoning, the Comprehensive Plan, this Agreement, applicable building codes, and any other statute, ordinance, rule, or regulation. Section 34. Enforcement. (a) In the event that Developer, its successors, or assigns fails to act `n accordance with the terms of the Existing Zoning or this Agreement, the City s w 11 seek enforcement of said violation upon the subject BCC 650 SMA/AP Prop-..'ty. (b) Enforcement of this Agreement shall be by action against any Parties or person violating, or attempting to violate, any covenants set frth in this Agreement. (c) This enforcement :provision shall be in addition to any other remedies available at law, in equity, or both. Section 35. Amendment or Termination b Mutual Co, sent. This Agreement may not be amended or terminated during its Term except by mutual ' ritten agreement of Developer and the City. Prior to any amendment or termination of this Bement during its Term, the City shall hold two (2) public hearings before the City Coirmission to consider and deliberate such amendment or termination. Any amendment or ter ; nation shall be recorded in the public records of the County at Developer's sole cost. Section 36. Third Party Defense. The Cit; and Developer shall each, at their own cost and expense, vigorously defend any claims, sui, , or demands brought against them by third parties challenging the Agreement or the BCC 6 , SMA/AP Project, or objecting to any aspect thereof, including, without limitation, (i) a cons; tency challenge pursuant to Section 163.3215, Florida Statutes (2010), (ii) a petition for writ r f certiorari, (iii) an action for declaratory judgment, or (iv) any claims for loss, damage, liability, or expense (including reasonable attorneys' fees). The City and Developer shall promptly give " e other written notice of any such action, including those that are pending or threatened, and a responses, filings, and pleadings with respect thereto. Section 37. No Conflict o, terest. Developer agrees to comply with Section 2-612 of the City Code as of the Effective D - e, with respect to conflicts of interest. Section 38. No Thirn-Part Beneficiary, No persons or entities other than Developer and the City, their heirs, per p itted successors, and assigns, shall have any rights whatsoever under this Agreement. Section 39. Pounterparts, This Agreement may be executed in two (2) or more counterparts, each of whicl shall constitute an original but all of which, when taken together, shall constitute one and the t ame agreement. Section 0. Abutting Property Owners. The City and Developer have a mutual interest in ensuri F g that construction of the BCC 650 SMA/AP Project proceeds in a manner which is respectful of and sensitive to owners of property abutting the BCC 650 SMA/AP Project " • utting Owners"), In recognition of this concern, during construction of the BCC 650 SMA/AP FILE NO, 5090 — Exhibit A SUB Page 20 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTITUT — ORIGINAL CAN E—S THE ENID. T DOCUMENT. Project, Developer agrees to ensure that Abutting Owners are compensated for any actual ; mages which directly result from accidental loss of utility service caused by Developer, its ctractors, or subcontractors. Section 41. Status. Upon request from time to time by Developer, or its succe, any mortgagee of Developer, its successor, or assign, the City shall deliver to sue a letter (in recordable form, if requested) stating whether the obligations successor or assign under this Agreement are current and in good standing o In the event Developer or its successor or assign is not current in its obligati are not satisfied, said letter shall state the particular manner in which under this Agreement are not current and in good standing or have not Section 42. Estoppel. Within ninety (90) days of receipt of wr party, the City Manager or his designee, on behalf of the City, sh or similar document, in form and substance reasonably accepta Developer's compliance with the conditions set forth in the execute the requested estoppel certificate within the aforei response shall be presumed to indicate Developer's compl or, assigns, or requesting party Developer or its have been satisfied. ns or such obligations eh person's obligations et been satisfied. en request from a Developer execute an estoppel certificate e to the City Attorney, affirming greernent. Should the City fail to ntioned time period, the City's non - nee with the terms of the Agreement. NOW, WHEREOF, the City and Developer have caused this Agreement to be duly executed. [Signature blocks fbr LE NO. 5090 — Exhibit A SUB 47217292;1 ity and Developer on next pages] Page 21 of 29 THIS ITEM IS A SUBST 'ice. ORIGINAL C EEN AT THE E DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: THE CITY OF MIAMI, a Florida municipal corporatio Printed: Printed: STATE OF COUNTY OF ) ss: The foregoing instrument was 2019 by MIAMI, a Florida municipal corpo as identifica, By: Name: Title: x ac rowledged before me this day of , the of THE CITY OF hon. He/She is personally known to me or presented on and who did not take an oath. Notary Public, State of NOTARY SEAL/ ST; MP Print Name ILE NO, 5090 — Exhibit A SUB Page 22 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBST CAN. ORIGINAL. CA THE END � 'DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: Printed: Printed: STATE OF COUNTY OF TOBACCO ROAD PROPERTY IIOLDI GS, LLC, a Florida limited liability col ; 4 any ) ss: By; Name: Title: The foregoing instrument was act , • wledged before me this day of 2018 by the of TOBACCO ROAD PROPERTY .HOLDINGS, LLC, a'lorida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STD,' P Print Name FI NO. 5090 — Exhibit A SUB Page 23 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTI ORIGINAJ�N AT THE END -Or -THE DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: 2 INDIAN CREEK IIOLDIN !' , LLC a Florida limited liability corn jany Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was ackno ledged before me this day of 2018 by , the of 2 INDIAN CREEK IIOLDINGS, LLC, a Florida ,'inited liability company. He/She is personally known to me or presented . as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STA ► P Print Name ILE NO, 5090 — Exhibit A SUB Page 24 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTITUTIOK ORIGINAL CEN AT THE E DOCUMENT. Signed, witnessed, executed and acknowledged this day of , 2019, Witnessed by: BCC ROAD IMPROVEMENT I/ C, a Florida limited liability compa Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was act ow. dged before me this day of , 2018 by , the of BCC ROAD IMPROVEMENT LLC, a Florida limite "lability company. He/She is personally known to me or presented as ir'entification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAM r Print Name LE NO. 5090 - Exhibit A SUB Page 25 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT Tie1C ORIGINAL CAN EN AT THE END O OCUMENT. Exhibit "A" BCC 650 SMA Property Legal Description: Parcel 1: A portion of Lot 18, in Block 38-A, AMENDED PLAT OF BLOt'" 38-A AND TIIE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according o the Plat thereof, as recorded in Plat Book 1 at Page 74 of the Public Records of Mia ,<i Dade County, Florida, more particularly described as follows: Beginning at the Southeast corner of said Lot 18, run So ;% 87°37'17" West, along the South line of said Lot 18, for a distance of 50.01 feet to f' e Southwest corner of said Lot 18; thence run North 02°16'37" West, along the West 1'-'e of said Lot 18 for a distance of 90.55 feet to a point; thence run North 55°10'03" East +r a distance of 18.32 feet to a point of curve; thence run Northeasterly along the arc of a circular curve, concave to the Southeast, having a radius of 2856.29 feet, throug, a central angle of 00°49'08", for an arc distance of 40.83 feet to a point on the east line r' said Lot 18; thence run South 02°16'38" East, along the East line of said Lot 18, fo a distance of 122.05 feet to the Point of Beginning Parcel 2: All of Lots 19, 20 and 21, Block 38- of AMENDED PLAT OF BLOCK 38-A AND TIIE NORTH HALF OF BLOCK 53- , CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 7 , of the Public Records of Miami Dade County, Florida. LESS AND EXCEPTING T . REFROM the following portion thereof, to wit: Commence at the Southwest corner of said Lot 19; thence run North 02°16'38" West, along the West line of said Lr` 19, for a distance of 122.05 feet to the Point of Beginning of the herein described parer ; thence continue to run North 02°16'38" West, along the West line of said Lot 19, for distance of 27.72 feet to the Northwest corner thereof; thence run North 87°37'22" Tast, along the north line of said Lot 19 and 20, for a distance of 53.56 feet; thence run oath 60° 17'00" West for a distance of 60.35 feet to the Point of Beginning. Parcel 3: Lots 22 and 23 and the South %2 of Lot 24, in Block 38-A of AMENDED PLAT OF BLO .'(38-A AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to t,:` Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami D<de County, Florida. Parcel 4: FILE NO. 5090 — Exhibit A SUB Page 26 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBSTIT TION-." ORIGINAL C -B EN AT THE E.ND-effHE DOCUMENT. The North'/ of Lot 24 in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND , -IE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat ther-if, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, .'' lorida. Parcel 5: Lot 1, Block 38-A, OF AMENDED PLAT OF BLOCK 38-A AND THE ORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, a recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Flo, da. Parcel 6: Tract "A", of 602 COMPLEX, according to the Plat thereof, arecorded in Plat Book 139, at Page 41, of the Public Records of Miami -Dade, Florida, BCC AP Property Legal Description: Lot 6, in Block 38A, of AMENDED PLAT OF OF BLOCK 53S, MAP OF MIAMI CO. FLA, a Plat Book 1, at Page 74, Public Records of Mi Right of Way for Bridge as recorded in Of Official Records Book 11913, Page 509 Florida AND OCK 38A AND THE NORTH HALF cording to the Plat thereof, as recorded in ai-Dade County, Florida, LESS that certain cial Records Book 11897, Page 1864 and in f the Public Records of Miami -Dade County, B Tract "B" of 602 COMPLEX, a►cording to the Plat thereof, as recorded in Plat Book 139, Page 41, of the Public RecordofMiami-Dade, Florida. AND Lot 4, Block E, SOU' CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book B, at Pag 41, of the Public Records of Miami -Dade County, Florida. AND Begin at th-.' outhwest corner of Lot 1, Block E, of SOUTH CITY OF MIAMI, according to the Pla,'hereof, recorded in Plat Book B, Page 41, thence East 50 feet, thence North 100 feet to tp'e North line of Lot 2 of said Block E South, thence run West 14.15 feet to the East line o S.W. Miami Avenue Road; thence Southwesterly along S.W. Miami Avenue Road 45..% feet to the Northeast corner of Lot 4 of said Block E South; thence South along the Est line of Lot 4, Block E South, 71.31 feet more or less to the place of Point of Beginning; ame being the West 50 feet of Lot 1 and the West fractional part of Lot 2, Block E of SOUTH CITY OF MIAMI, Plat Book B, Page 41, Public Records of Miami -Dade County, Florida. FILE NO. 5090 - Exhibit A SUB Page 27 of 29 47217292;1 SUBSTITUTED. AND THIS ITEM IS A SUBSTITUDO ORIGINAL CA —SIN AT THE END DOCUMENT, A portion of Lots 1, 2, and 3, of Block E S, MAP OF MIAMI, according to the pl thereof as recorded in Plat Book B and Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: Commence at the Southwest Corner of Lot 4, of said Block E S; thence N the Southeasterly Right -of -Way Line of S.W. Miami Avenue Road for feet to the Southwest Corner of said Lot 3; said point also be; BEGINNING of the hereinafter described Parcel of land: thence N along said Right -of -Way Line for a distance of 49.43 feet to a circular curve concave Southeasterly; thence Northeasterly to th curve having for its elements a Radius of 25.00 feet, through for an arc distance of 10.31 feet to a point of tangency; thei of 9.39 feet to a point of intersection with the "Limits of the Dade County Public Works Department Right -of - dated March 1981, Revised January 1983; thence Construction Line" for a distance of 13.68 feet to thence continuing along said "Limits of Const along the arc of said curve having for its elernen angle of 29°47'13" for an arc distance of 13 South line of said Lot 1 being non-ta S87°37'19"W along the South Line of s of SW 6th Street, for a distance of 9.5 the West 50.00 feet of said Lots 1 intersection with the South line of for a distance of 14.15 feet to the AND °58'24"E along istance of 160,14 g the POINT OF 8°58'24"E continuing int of curvature with a right along the arc of said central angle of 23°38'04" e N72°36'28"E for a distance onstruction Line" as shown on ay Map Section No. 87513-2644 02°16'45"E along said "Limits of point of curvature convave.Westerly; etion Line" Southwesterly to the right a Radius of 250.25 feet, through a central .10 feet to a point of intersection with the gent to the aforementioned curve; thence Lot 1 also being the North Right -of -Way line feet; thence NO2° 17'41 "W along the East line of ad 2 for a distance of 100.01 feet to a point of aid Lot 3; thence S87°37'19"W along said South line OINT OF BEGINNING. A portion of Southwest 6Street being more particularly described as follows: Begin at the Northw t corner of Lot 6 in Block 38A of AMENDED PLAT OF BLOCK 3 8A AND THE N •-` TH HALF OF BLOCK 53 S, according to the Plat thereof, as recorded in Plat Book 1 at age 74, of the Public Records of Miami -Dade County, Florida; thence North 87°37'27' East along the North line of said Lot 6, also being the South Right Of Way line of said S sj ithwest 6th Street, also being the North line of Tract "B" of 602 COMPLEX, according , the Plat thereof, as recorded in Plat Book 139 at Page 41 of said Public Records or 180.37 feet to the Northeast corner of said Tract "B", said corner lying and being the Northwesterly Limited Access Right Of Way Line and a point on a circular curvy, concave to the Northwest and whose radius point bears North 50°56'14" West; the ce Northeasterly along said Limited Access Right Of Way Line and being a 255.25 f of radius curve, leading to the left, through a central angle of 07°05' 10" for an arc distance of 31.57 feet to a point on a non -tangent line; thence North 28°54'02" East along said Limited Access Right Of Way line for 19.13 feet to a point on a circular curve, concave to ILE NO. 5090 — Exhibit A SUB Page 28 of 29 47217292;1 SUBSTITUTED. THIS ITEM IS A SUBST ORIGINAL. C N f3E SEEN AT THE �oFHE DOCUMENT, the Northwest; thence Northeasterly along said Limited Access Right Of Way Line nd being a 254.75 foot radius curve, leading to the left, through a central angle of 02° '35" for an arc distance of 10.12 feet to a point on the North Right Of Way line of Southwest 6th Street; thence South 87°37'27" West along the South line of Lot 1 and Lot 4 o,'e LOCK. E S, of MAP OF MIAMI, according to the Plat thereof, as recorded in Plat Boo/ B at Page 41, of said Public Records and said North Right Of Way Line for 153.71 fee a point on the Southeasterly Right Of Way line of Southwest Miami Avenue Road , also being the Southwest corner of Lot 4; thence South 48°18'26" West for 78.91 fe ' to the Point of Beginning F ENO. 5090 — Exhibit A SUB Page 29 of 29 47217292;1 SUBSTITUTED. This instrument Prepared by and after Recording Return To: T. Spencer Crowley, Esq. Akerrnan LLP 98 SE 71h Street, Suite 1100 Miami, FL 33131 DEVELOPMENT AGREEMENT BETWEEN TH CITY OF MIAMI, FLORIDA AND TOBAC 0 ROAD PROPERTY HOLDINGS, LLC, BCC R I AD IMPROVEMENT LLC, 2 INDIAN C.' EIS HOLDINGS, LLC, REGARDING DEVELOP MENT OF CERTAIN PARCELS OF TIEBRIC ,L CITY CENTRE PROJECT THIS DEVELOPMENT AGREEMENT` 4s entered is day of , 20 , and effective as of the day of , 20: , , by and between TOBACCO ROAD PROPERTY HOLDINGS, ILC, CC ROAD IMPROVEMENT LLC, and 2 INDIAN CREEK HOLDINGS, LLC, all be' g Florida limited liability companies (together known as "Developer") and,the CIT ,OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of=the: State .f Florida ("City") (Developer and the City together referred to as the "Parties"). ;i.. WHEREAS,' Brickell City' Centre Project LLC and 700 Brickell City Centre LLC (collectively, "Swire") held,,fee simple itle to`approximately nine (9) acres of property in the Brickell area of downtown -Miami ("Griginal BCC Property"); and W [IEREAS,' he Origina CC Property spanned four (4) city blocks and was more specifically located south of t e Miami River, west of Brickell Avenue, north of SW 8th Street, and east of SW 1st AV nue, located between two (2) mass transit lines; and WHEREAS, the f/riginal BCC Property was underutilized in that it predominantly consisted of vacant, u . ' eveloped lots secured by chain link fencing, and the status of the Original BCC Prope y was inconsistent with the City's vision to develop a world class downtown, and City rshed to `encourage redevelopment of the Original BCC Property; and WHER t.AS, Swire wished to redevelop the Original BCC Property as a higher density, nixe-use, pedestrian -oriented, urban development known as Brickell City Centre which woul provide much needed retail for the Brickell and Downtown area of Miami, and maximize z` ficiency and design through construction of two (2) levels of underground parking ("Bricke. City Centre"); and WHEREAS, a process exists within the City's zoning code ("Miami 21"), known as a "special Area Plan" or "SAP," which allows parcels of more than nine (9) abutting acres to Page 1 of 28 47217292;1 SUBSTITUTED. be master planned to allow greater integration of public improvements and infrastructure and greater flexibility so as to result in higher or specialized quality building and streetscape c sign; and WHEREAS, on July 28, 2011, the City approved an SAP for Brickell City Centre, pursuant to Ordinance No, 13279 ("Brickell City Centre SAP"); and WHEREAS, Miami 21 requires development within an SAP to Development Agreement between the property owner and the City; and governed by a WHEREAS, on October 24, 2011, Swire recorded =a`-Devel' .ment Agreement for Brickell City Centre, at Official Records Book 27868, Page 4664 the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 28, 2013, the City approved an endment to the Brickell City Centre SAP to include an additional city block known as "N2 and also,approved an Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on April 7, 2014 at Official Records Book 290 :, Page 3241 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 27, 2014, the Cit; approved a second amendment to the Brickell City Centre SAP to include an additiona city blockknown as "One BCC," and also approved a Second Amended and Restated Dev opment Agreement for Brickell City Centre to encompass this area, teeoided on Septemper i 8, 2014 at Official Records Book 29314, Page 0825 of the Public Records of iarm-Dade Conty, Florida ("Swire's BCC Agreement"); and WHEREAS, Swire has built-0 t Phase 1 of:Brickell City Centre on the Original BCC Property, pursuant to Swire s'BCC £ greement and the Brickell City Centre SAP; and WHEREAS, Developer • ns certain real property located between SW 7th Street and SW Miami Avenue Road4lyi west of, South Miami Avenue (northbound), consisting of approximateiy N104,287 sq, ft (2.39 acres) of land ("BCC 650 SMA/AP Property"), as is more particularly described on hibit "A" attached hereto; and WHEREAS, th, City and Developer wish to integrate the BCC 650 SMA/AP Property into the Brickell Cen e SAP, to further redevelop underutilized property directly abutting the existing Brickell City Centre project into a single cohesive higher density, mixed -use, pedestrian - oriented, urban de elopment ("BCC 650 SMA/AP Project"); and WHE a EAS, the City and Developer wish for development of the BCC 650 SMA/AP P .petty to proceed substantially in accordance with the Brickell City Centre SAP Regulating 'lan and Design Guidelines, as adopted on , 2019, and kept on file with the ' ity ("Regulating Plan and Design Guidelines"); and Page 2 of 28 47217292;1 SUBSTITUTED. WHEREAS, the BCC 650 SMA/AP Property is designated Restricted Commercial, with an Urban Central Business District overlay, in the Miami Comprehensiv Neighborhood Plan ("Comprehensive Plan"); and WHEREAS, the City and Developer wish for development of the BCC 650 S A/AP Project to proceed in a manner which is consistent with the Comprehensive Plan; and WHEREAS, the BCC 650 SMA/AP Project is located in the Downtown Reveloprnent of Regional Impact ("DDRI"); and WHEREAS, as of the Effective Date, the DDRI has sufficient devel ment capacity to accommodate the BCC 650 SMA/AP Project and Developer has rese ed such capacity through appropriate means with the City; and WHEREAS, the lack of certainty in the approval of developen= t can result in a waste of economic and land resources, discourage sound capital improvem- it` planning and financing, escalate the cost of housing and development, and discourage c. ntment to comprehensive planning; and WHEREAS, assurance to a developer that it mayp: oceed in accordance with existing laws and policies, subject to the conditions of,a developnmnt agreement, strengthens the public planning process, encourages sound capital improve nt planning and financing, assists in assuring there are adequate capital facilities Ton e development, encourages private participation in comprehensive planning, and redue the econorriic'costs of development; and WHEREAS, the City Commission, pu runt to Ordinance No, adopted on , 20 , had authorized he City Manager to execute this Agreement upon the terms ,and .conditions as set forth b. ow; .and 1OW THEREFORE, in con 'deratron of the mutual covenants and agreements hereinafter contained, the Parties inutu � ly agree and bind themselves as set forth herein: Section 1 • Consideration T. e Parties hereby agree that the consideration and obligations recited and provide • for under this Agreement constitute substantial benefits to both Parties and thus adequate onsideration for this Agreement. Section 2, Rules ate ':Construction, For all purposes of the greement, unless otherwise expressly provided: (a) A defined rm has the meaning assigned to it; (b) Words ' the singular include the plural, and words in the plural include the singular; (c) A pr•.noun in one gender includes and applies to other genders as well; Page 3 of 28 47 7292;1 SUBSTITUTED. (d) The terms "hereunder" "herein", "hereof' "hereto", ,and such similar terms shall -fer to the instant Agreement in its entirety and not to individual sections or articles' (e) The Parties hereto agree that this Agreement shall not be more strictly constr d against either the City or Developer, as all Parties are drafters of this Agreement; ad (f) The recitals are true and correct and are incorporated into and made a part of this Agreement. The attached exhibits shall be deemed adopted and incrporated into the Agreement; provided, however, that this Agreement shall be deems d to control in the event of a conflict between the exhibits and this Agreement. Section 3. Definitions. Capitalized terms which are not splecific Ily defined herein shall have the meaning given in Miami 21. "Agreement" means this Development ;Agreement etween the City of Miami, Florida and Tobacco Road Property Holdings, LLC : CC Road Improvement LLC, and 2 Indian Creek Holdings, LLC, Regarding Dev opment of Certain Parcels of the Brickell City Centre Project. "City" means the City of Miami, a m icipal corporation and a political subdivision of the State of .Florida, ' nd ; all departments, agencies, and instrumentalities subject to the jurisdiction ereof. "Comprehensive Plan" means the comprehensive plan known as the Miami Comprehensive N'eighb6rhood Plan, 'a'iopted by the Citypursuant to Chapter 163, Florida Statutes (2017), meeting the req-iremen s of Section 163.3177, Florida Statutes (2017), Section '163 3178, Flrida Statutes (2017), and Section 163.3221(2), Florida, Statutes (2017), Whmch 1 in, effect as of the Effective Date. ounty" means Miami D. de County, a political subdivision of the State of Florida. "Development" mean he carrying out of any building activity or mining operation, the making of any m erial"change in the use or appearance of any structure or land, or the dividing of la nd into three (3) or more parcels and such other activities described in Section 163 3.1 %(14) Florida Statutes (2017). "Effective D te" means , 20 , the date on which the City Commissio authorized the City Manager to execute this Agreement. "Existi is _ Zoning" means the zoning designation and regulations of the Miami 21 Code, ity Charter, and City Code in effect as of , 2019, which corm ise the effective land development regulations governing development of the BC % 650 SMA/AP Property as of the date of recordation of the Agreement. Land" means the earth, water, and air above, below, or on the surface and includes any improvements or structures customarily regarded as land. Page 4 of 28 47217292;1 SUBSTITUTED. "Laws" mean all ordinances, resolutions, regulations, comprehensive plansland development regulations, and rules adopted by a local, state, or federal government affecting the development of land. "Public Facilities" means major capital improvements, including, but +t limited to, transportation, sanitary sewer, solid waste, drainage, potable wat , educational, parks and recreational, streets, parking, and health systems and fac' ities. Section 4. Purpose. The purpose of this Agreementis for th. Developer to develop the BCC 650 SMA/AP Project pursuant to t SAP. This Agreement will establish, as of the Effective Date of development regulations including the Existing Zoning, the Re Guidelines, which together will govern Development` of the' B the BCC 650 SMA/AP Property, therebyproviding the Parties the Development process. This Agreement also satisfies Sect' Section 5. Intent. Developer and the :City in construed and implemented so as to effectuate tle•pu this Agreement, the Comprehensive Plan an Development Agreement Act, Sections 163 ,3220 Section 6. Applicability. This Agreement The other componentsaof Brickell City Centre and this Agreement shall have no effect on S contained therein. Section 7. ;reemert shall have a,m of ter:the earlier of t VMS or termination of Swire's BCC A the public records of Miami -Da Agreement may be extended. pursuant to Section 163.3225 on the Effective Date and s upon, and inure to, the representatives, and p Section 8. (a) 47217292;1 Term of A City to authorize Brickell City Centre s Agreement, the land elating Plan, and Design C 650 SMA/AP Project on ithxadditional certainty during n 3 9 '1 f., Miami 21, rid for this Agreement to be ose'of the Brickell`'City Centre SAP, e Florida Local Government 63'.32443, Florida Statutes (2017). oily applies to the BCC 650 SMA/AP Project. all renainsubject to Swire's BCC Agreement, ue's BCC Agreement or the rights of the parties ective Date and Bindin Effect. This Agreement itS' (30) yeais from the Effective Date or the expiration reement The Developer shall record this Agreement in e County and file it with the City Clerk. The term of this y mutuallconsent of the Parties subject to a public hearing, lorida Statutes (2018). This Agreement shall become effective all constitute a covenant running with the land that shall be binding enefit of the Parties, their successors, assigns, heirs, legal •sonal representatives. Perm ted Development Uses and Buildin' Intensities. B ic1cel1 Cit Centre SAP Desi nation. The City has designated the BCC 650 MA/AP Property as part of the Brickell City Centre SAP on the official Zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Regulating Plan and Design Guidelines are attached as Exhibit "B". In approving the Brickell City Centre SAP, the City has determined that the uses, intensities, and densities of Development permitted thereunder are consistent with the Comprehensive Plan and the Existing Zoning, Page 5 of 28 SUBSTITUTED. (b) Density, Intensity, Uses, and Building Heights. (i) As of the Effective Date and pursuant to the overall density lunitatio: s the Brickell City Centre SAP, the density proposed for the BC r' 650 SMA/AP Property shall not exceed 420 units per acre, and the - itensity proposed for the BCC 650 SMA/AP Property is measured by n above- ground Floor Lot Ratio which shall not exceed 27.0. (ii) The non-residential Development permitted on the BC, 650 SMA/AP Property includes, but is not limited to, the following r. es: office, hotel, retail, entertainment, medical office, academic sp, ce, and any other uses permitted by the Existing Zoning,,` (iii) As of the Effective Date and pursuant to the Bri• "cell City Centre SAP, the maximum heights above mean sea level for th CC 650 SMA/AP Project are as follows; 851 feet for: all blocks; 129 feet'fdiall Pedestals (iv) Nothing herein shall proh'b' + it De (v) The BCC=650. SMA/A forth rri`the Regulating Plan, due to certain public 1 Project is eligible for bonus height and Floor Lot �destrian mobility, safety, and aesthetic enhancements around and finder the South Miami Avenue elevated roadway span that facilitate access to the Miami River Greenway; Construction of a temporary and then a permanent fire station for the City on the Brickell City Centre "N2" block; Monetary contribution of six hundred thousand dollars ($600,000) to the Underline project, provided that said contribution shall only be considered a public benefit to the extent it has been spent (and for future payments, will be spent) on that portion of the Underline within the City, with proof thereof to be furnished by Developer, in P 47 7292;1 Page 6 of 28 (c) SUBSTITUTED, a manner acceptable to the Planning Director, in the Annual Re ew as described in Section 17 of this Agreement; and • Monetary contribution, to be paid at the issuance of the first uilding permit for the BCC 650 SMA/AP Project, of one milli n dollars ($1,000,000) with two hundred thousand dollars ($201,000) to be earmarked for each City commission district to refs. •ish existing housing or to further the creation of affordable hou ng. • Public access to, and operation of, the above ade connections during the extended hours of 10:00 P.M. to 2: 30 A.M., including furnishing a minimum of two (2); security ards for the above - grade connections at such times The total costs of the public benefits for the .: CC 650 SMA/AP Project are above and beyond the monetary pa"yn. t which would be required under the Public Benefits" Trust Fund egulations of Miami 21 and Chapter 62 of the City Code. Thus, D r veloper,sshall be entitled to the maximum height, density, and inte ity set forth :herein without any further contributions to the Public : -nefits Trust Fur d. Environmental 'T he City finds that the ``"BCC 650 SMA/AP Project will 3„ confer a significant nnpnet rovemert upon the publicly accessible tree canopy in the area. The City and Develope agree that Developer will comply with the intent and requirements of;Cha er 17 of the City Code. The City agrees to facilitate the permitting andpla ting of replacement trees on all publicly -owned propeltres'm this area. Section 9. Archaeology ;, Because f the BCC 650 SMA/AP Project's location in a high probability archaeologicafzone, Developer is required to obtain a certificate to dig prior to any:jground disturbing activ ties As part of the certificate to dig for demolition and new construction perruitsi the folio ping terns are hereby acknowledged to be conditions of the certificates(s) to dig, certificates of appropriateness (as applicable), and building permits or planning/zorinig approvals ford - BCC 650 SMA/AP Property. Developer hereby further assures the City that Developer will p •raptly comply with the following conditions. a) Mo itorm• Developer shall complete a full monitoring archaeological a essrnelt`of the site with the objective of documenting and/or preserving 11 significant archaeological features. Further excavation shall be conducted as determined by City staff upon review of the archaeological monitoring reports. Additional Assessments. If evidence is found indicating further archaeological assessments are required, then Developer shall complete an expanded archaeological assessment of the site with the objective of documenting and/or preserving all significant archaeological features ("Archaeological Assessment"). In such a case, the Archaeological Assessment would include the following scope of work ("Field Work"): Page 7 of 28 47217292;1 SUBSTITUTED. i, The initial phase shall involve systematic additional shovel testing (" f` ovel Testing"), This will provide further determination of the nature a ' extent of the cultural deposits. ii. Following the Shovel Testing, the fill shall be mechanically - emoved from the site area under the continuous coordination of the contracted archaeologist, exposing the top of any cultural deposi associated with natural soils. iii. The next phase shall involve unit excavations wit 'n the site area that will be impacted by the proposed building constructi. (i,e, the area within and adjacent to the proposed building footprrnt), iv. All recovered samples will be catalogued a d quantified. The results of this analysis will be retained and Will be inch,: ed m the final report, v. A written report and site docu:mentat •n will be provided, within thirty (30) business days following completio , of the field work. The consultant archaeologist City of Miami Historic Prese County Historic Pr eservati c) Separate Certificates, Develop r shall apply SOr separate certificates to dig for demolition and neW construe on with the understanding that the certificate to dig for new construction shall oily bereviewed after full archaeological assessment of ..the. demolition has been •znpleted, s.. all provide monthly interim reports to the ation Boaid with copies to the Miami -Dade Department `d) Documentation. De eloper shall °,;p alrovide the consultant archaeologist with whatever tune is 1• asonably needed in order to fully document the site and any significant featur: s as maybe provided for in this Agreement. e) Significant F<atu es, If a significant feature (to be determined by City staff) is found 'the i evelo "`er shall make everyeffort to preserve that features within the 7 � feature(s) building ► esign, and revise the design, in accordance with City and County staffs reco endations. f) No ce, Written notice shall be provided by the consultant archaeologist to the City o iami Historic Preservation Office if any significant archaeological deposits or eatures are discovered during the Archaeological Assessment or development at the parcel within forty-eight (48) hours of the discovery with copies to the Miami - Dade County Historic Preservation Department. g) Human Remains. If human remains are found, then the provisions of Florida Statute 872.05 and other applicable regulations shall apply. Page 8 of 28 47217292;1 vi, SUBSTITUTED. h) Final Report. A final report shall be prepared by the consultant archaeologist an provided to the City within six (6) months of completion of the Field Work d monitoring. i) Signage. If a significant archaeological site is found, a sign interpreting th parcel's history and prehistory will be erected on the site at Developer's expens. , and said sign shall be reviewed and approved by the Office of Historic Preser. ation of the City of Miami. j) Artifacts. All recovered artifacts shall be properly documented nd donated to the Ilistory Miami Museum at Developer's expense within eigl (8) months of the ...:.:........:.......:: issuance of a master building permit. k) Tree Removal. As part of any tree imoval, a certificate o dig shall be applied for and any conditions met to be granted the certificate to 'ig for root/stump removal. The tree removal process will be documented by a onitor7ng archaeologist. Section 10. Connectivit and Activit within Pubiie Ri (a) Connectivity. A critical' element to the ` uccess of the BCC 650 SMA/AP Project is above -grade Connectivitybetw; en blocks and through public rights -of - way. This connectivity should be:; e, couraged ;both within the BCC 650 SMA/AP Project and between th BCC.650 -SMA/AP Project and other portions ofBrrckeltCity Centre.T is` connectivity will result in ease of access, minimized, pedestrian and vehrc ' ar conflicts, and reduction of the BCC 650 SMA/AP Project's traffic impac : by permitting internalized traffic circulation. In order to aeifiy,afe!the, above grade connections, Developer proposes to locate commercial activity in this area. Developer recognizes at such connectivity and commercial usage may require approval of o et governmental agencies such as Miami -Dade County and the Florida eepartment of Transportation. The City finds and determines that;;=` tablishing such coirneativity and commercial usage serves a public purpose, lid the City agrees to support Developer's efforts to obtain any w authorization t establish such connectivity and commercial usage. The City f' ds that the authorization of such uses within the public rights -of - way will lave no adverse effects on the provision of natural light or circulation of air, rr increase the adverse effects resulting from fire, floods, tornadoes, and rurricanes. It is further found that the presence of such uses within the pu is rights -of -way shall in no way diminish access for firefighting apparatus o rescue and salvage operations; diminish traffic, transportation, and circulation; or adversely impact the advancement of the safety, health, amenity, and general welfare within. the City. For those above -grade connections approved Page 9 of 28 47. 7292;1 SUBSTITUTED. by the Regulating Plan and Design Guidelines, the provisions of Sec. 54-186 o'the City Code, as amended, shall not apply. (b) Construction of Encroachments within the Public Right -of -Way. t e City finds that the proposed encroachments do not unduly restrict the u of the public rights -of -way and is a necessary and essential element in the construction of the pedestrian walkways above the public rights -of -way. T ; - adoption of this Agreement shall serve to satisfy the requirements set fo in Sec. 55-14(b) of the City Code, as amended. Further, this Agreement shall satisfy the requirements •f Sec. 55-14(d) of the City Code, as amended. In consideration for authdri ing the construction of the aforementioned encroachments,.Developer furth r covenants to: (i) Maintain the above grade pede the Florida Building Code, -:the City applicable federal, state, and `lo regulations. rian walkways,in accordance with charter, the City,.Cocde, and any other 1 statutes, laws, ''rules, orders, and (ii) Provide an . insuranc policy, in .anamount determined by the City's Risk Management D�pa'tment, naming the City as an additional cage, the pity s ed =for ;public liabilit and property damage. The insurance shall ui in effect for as ng as the encroachment(s) exist in the public -of-way 'Should eveloper fail to continue to provide the insurance . 11 have: the right to secure a similar insurance policy s name .an p ace a special assessment lien against all 'properties ect to this i eementfor the total cost of the premium. Dev-loper shall hold harmless and indemnify the City, its ials, nd its employees from any claims for damage or loss to a injury to' persons of any nature whatsoever arising out of the co f struction, maintenance, or removal of the pedestrian walkways � m and against any claims which may arise out of the granting of fission for'the encroachment or any activity performed under the this Agreement. (c) Ac vit'within the Public Ri ht-of-Wa Notwithstanding the limitations s forth in Sec. 54-186 of the City Code, as amended, the City shall permit ood Service Establishment(s) and General Commercial uses, as defined in Miami 21, in the above -grade pedestrian walkways located within the public right-of-way, following approval by SAP Permit. insul ierna right cove in it subj (iii) offi property use, ad pet te, ns of'th A • Sectiu' 11. BCC 650 SMA/AP Project Approval. Page 10 of 28 47217292;1 SUBSTITUTED. (a) Future Development Review. Future Development on the BCC 650 SM AP Property shall proceed pursuant to a process established in the Regulating Plan and Design Guidelines and shall be consistent with the Comprehensi e Plan, this Agreement, Swire's BCC Agreement, and the Brickell City Ce tre SAP. (b) Prohibition on Downzoning. (i) (i) (c) Develo (i) The Comprehensive Plan, this Agreement, and the Bricke shall govern Development of the BCC 650 SM the Term of the Agreement, The City's.laws and the Effective Date may be applied to the BCC only if the determinations required by Sec Statutes (2017) have been made` after :thirty Developer and after a public hearing. Pursuant to Section 163.3233(3), Florid on downzoning supplements, rather t vest to Developer under .Florid Developer may ,challenge any s Development regulations b ased but not limited to, 'equitable e City Centre SAP /AP Property for olicies adopted after 50 SMA/AP Property on 163.3233(2), Florida 0) days written notice to Statutes;(2017), this prohibition an supplants, any rights that may or Federal law. As a result, seq.ently adopted changes to land n(A) common law principles including, toppel ,and vested rights, or (B) statutory rights which may accrue by v.rtue of Chapter 70, Florida Statutes (2017). Merit of Re ional`e e City and Devel rpeagree that as of the Effective Date, sufficient capacity remains u der the DDRI to accommodate the BCC 650 SMA/AP Project and that yeloper has reserved the capacity necessary to develop 'the BCC 650 S A/AP Project. (ii) The City a ees that any DRI Development order which the City adopts after the ffective Date and which applies to the BCC 650 SMA/AP Propert will (A) be consistent with this Agreement and the Brickell City entre SAP and (B) include a Use/Intensity conversion table to alto for a reasonable level of flexibility with respect to the mix and ensity of uses in order to respond to changing market conditions, (iii) The City agrees that if the Miarni Downtown Development Authority ("DDA") decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, Developer shall no longer be responsible for payment of DDRI fees, Further, if the DDA decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, the City agrees to refund any payment of DDRI fees made by Developer within twenty four (24) months of the decision to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, Page 11 of 28 47217292;1 SUBSTITUTED. Section 12. Job Creation. Developer shall consult with local and state economic developmnt entities regarding job training and job placement services to City residents seeking employ ► ent opportunities with potential employers which will locate or establish businesses within th? BCC 650 SMA/AP Project. Section 13. Local Development Permits. (a) The Development of the BCC 650 SMA/AP.Property in a cordance with the Existing Zoning is contemplated by Developer. The BC 650 SMA/AP Project may require additional permits, of approvals froi the City, County, State, or Federal government and any divisions thereof Subject to required legal process and approvals, the City shall make a good aith effort to take all reasonable steps to cooperate With -and facilitate' a " such approvals. Such approvals include, without limitation, the followin,; approvals and permits and any successor or analogous approvals and permits; (i) Subdivision plat (including public "''ght-of-way"vacation/closure) or waiver ofplatapprovals; ✓ (ii) Covenant in Lieu of Unity of Title pity of Title, or Restrictive Covenant acceptance or the release of exist'+g unities`'or covenants; (iii) , `Buildinepei'rits; (iv) Certificates ()fuse; Certificates of occiip (vi) Stormwater p`e: v) DDRI approve 1, modification, or exemption; and () ': .Any of . -r: official action of the City, County, or any other govern + eat agency having the effect of permitting Development of the BCG"50`SMA/AP Project. (b) In the T ent that the City substantially modifies its land Development regulat'ons regarding site plan approval procedures, authority to approve any site plan or a project on the BCC 650 SMA/AP Property shall be vested solely in the Cit,- Manager's designee(s), with the recommendation of the Planning Director a, d other departments, as applicable. Any such site plan shall be approved if it fleets the requirements and criteria of the Existing Zoning, the Comprehensive Plan, and the terms of this Agreement, and is also consistent with Swire's BCC Agreement. Page 12 of 28 47 7292;1 SUBSTITUTED. Section 14. Consistency with Comprehensive Plan. The City finds that Development +f the BCC 650 SMA/AP Property in conformity with the Existing Zoning is consistent ith the Comprehensive Plan, As of the Effective Date, Developer is conducting an extensiv analysis of the Public Facilities available to serve the BCC 650 SMA/AP Project. In thy event that the Existing Zoning or the Comprehensive Plan requires Developer to prov' `e additional Public Facilities to accommodate the BCC 650 SMA/AP Project, Develop will provide such Public Facilities consistent with the timing requirements of Section 1:3,3180, Florida Statutes (2017), Developer shall be bound by the City impact fees d assessments in existence as of the Effective Date of this Agreement. Section 15. Necessit of Com.l ins with Local Re"ulations Rr ative to Develo ment Permits, Developer and the City agree that the failuxe of thi Agreement to address a particular permit, condition, fee, term, license, or restriction in eff: t on the Effective Date shall not relieve Developer of the necessity of complying with the regu tion governing said permitting requirements, conditions, fees, terms, licenses;'Or restrictions, Section 16. Reservation of Development Rights. For the term of this. -Agreement, the 'ity hereby agrees that it shall permit the Development of the BCC 650 MA/AP Property in accordance with the Existing Zoning, the Colnpx,e. nsive Plan, and this Agreement. Nothing herein shall prohi. t an increase in, the density or intensity of Development permitted . the BCC 650'=SMA/AP Property in a manner consistent with (i) the Existing Zoning or the Comprehensive Plan, (ii) any zoning. change sub:equently requested or initiated by Developer in accordance with apple+able provisions of law, or (iii) any zoning change subsequently enacted . the; City. The expiration or t rinination of this Agreement shall not be considered a waiver of, or limitation ipon, the rights, including, but not limited to, any claims of vested rights equitable estoppel, obtained or held by Developer or its siueeessors or assigns to continue Development of the BCC 650 SMA/AP Property, i conformity with Existing Zoning and all prior and subsequent Develop' e1it, pernits or Development orders granted by the City concerning this BCC 6 1 SMA/AP Project, Section 17. Anne. 1 Review. (a) 47217292;1 eveloper shall provide the City on an annual basis a status of the BCC 650 SMA/AP Project in order for the City to conduct an annual review of the Development. This requirement shall commence twelve (12) months after the Effective Date. For ease of reference, the City shall accept one (1) single annual review for the entire Brickell City Centre SAP that satisfies the obligations of Developer in this Agreement and the requirements in Swire's BCC Agreement. Page 13 of 28 SUBSTITUTED, The annual review shall include a review of the overhead pedestrian connec "`ons between the various blocks of Brickell City Centre, in particular the hours thy'" they are open to the public. (b) During its annual review, the City may ask for additional info ation not provided by Developer. Any additional information required f. f Developer during an annual review shall be limited to that necessary t, determine the extent to which Developer is proceeding in good faith to come" y with the terms of this Agreement. (c) If the City finds on the basis of competent substantial evi nee that Developer has not proceeded in good faith to comply with the "terms othe Agreement, the City may terminate or amend this Agreement after provit "ng 30 days written notice to Developer and after a public hearing "before the arty Commission. Section 18. Notices. (a) All notices, demands, and requests w ich may or are required to be given hereunder shall, except as otherw se expressly provided", be in writing and delivered by personal service o' sent by United States Registered or Certified Mail, return reeeipt requeste postage prepaid, or by overnight express delivery, such as Federal: Expr,,-" . the Partie s es at the addresses listed below. Any notice given pursuant to trig Agreement shall be deemed given when received Any i actions required o be taken hereunder which fall on Saturday, Sunday, or� United States legs olidays shall ben deemed to be performed timely when taken on the succeed g day thereafter which shall not be a Saturday, Sunday, or legal holiday. To theCit With a copy to: City Manager City Attorney City of Miarn3 Miami Riverside Center 3500 Pan Am •roan Drive ""'' 444 S.W. 2nc1 Avenue, 9th Floor Miami, FL _ 133 ; Miami, FL 33130 To Developer (TOBA 0 ROAD With a copy to: PROPERTY HOLD ► GS,"" LLC, and 2 INDIAN CREEI OLDINGS LLC): 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 To veloper (BCC ROAD ROVEMENT LLC): 47217292;1 Attn: Richard Toledo 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 With a copy to: Page 14 of 28 (b) Swire Properties, Inc. Attn: Chris Gandolfo Three Brickell City Centre 98 SE 7th Street, Suite 601 Miami FL 33131 SUBSTITUTED. Alterman LLP Attn: Spencer Crowley Three Brickell City Centre 98 SE 7th Street, Suite 1100 Miami FL 33131 Any party to this Agreement may change its notification ad : ess(es) by providing written notification to the remaining Parties pursuant to he terms and conditions of this section, Section 19. Exclusive Venue Choice of Law S understood and agreed by the Parties hereto, that this Agreement shal. laws of the State of Florida, and any applicable federal law, both performance, and that any action at law, suit in equity, or judi enforcement of this Agreement or any provision;hereof shall be in`' the State of Florida or federal courts and venue for any such ac a court of competent jurisdiction in Miami -Dade County:., rights, the City and Developer shall each have the right Agreement in court. Each party shall beat its own attorney's",f whether asserted by motion or pleading `that the afore' inconvenient venue. Moreover, the Parties consent aforementioned courts and. irrevocably .Waive any'o irrevocably waive any sights to, ajury trial It is mutually be governed by the to interpretation and ial proceedings for the ituted only in the courts of ons shall lie exclusively in addition : to any other legal o specific perfomance of this es. Each party waives any defense, rationed courts are an improper or o the, personal jurisdiction of the ections to said jurisdiction. The Parties eeific P erforman Section 20. Voluntary Compliance. Develo rand the City agree that in the event all or any part of this Agreement is ;:struck do n'by judicial proceeding or preempted by legislative action, Developer and the City . all continue to honor the terms and conditions of this Agreement to the extent allowed b; law. Section 21. No Oral Chan and appendices appended hereto a entire Agreement between the.P Agreement supersedes any pair' respect to the subject matter whole or in part shall be: eff and signed by the party ag nst" whom enforcement of the change, modification, or discharge is sought and recorded in e public records of the County. This Agreement cannot be changed or terminated orally, Section 22. Com this Agreement, comply with ordinances, r that govern Agreeme 47 7292;1 ermination. This Agreement and the exhibits ncorporated herein by reference, if any, constitute the sties :=with respect to the subject matter hereof. This agreements or understandings between the ,Parties with ereof, and no change, modification, or discharge hereof in five unless such change, modification, or discharge is in writing liance with A licable Law. Subject to the terms and conditions of hroughout the Term of this Agreement, Developer and the City shall 1 applicable federal, state, and local laws, rules, regulations, codes, solutions, administrative orders, permits, policies and procedures, and orders or relate to the respective Parties' obligations and performance under this all as they may be amended from time to time. Page 15 of 28 (c) 472 (7292; ( SUBSTITUTED. Section 23. Representations; Representatives. Each party represents to the oth " that this Agreement has been duly authorized, delivered, and executed by such pc ty and constitutes the legal, valid, and binding obligation of such party, enforceable in ar cordance with its terms. Section 24. No Exclusive Remedies. No remedy or election given by any p; ovision in this Agreement shall be deemed exclusive unless expressly so indicated. Wher er possible, the remedies granted hereunder upon a default of the other party shall be umulative and in addition to all other remedies at law or equity arising from such event of /fault, except where otherwise expressly provided. Section 25. Failure to Exercise Rights not a Waiver .Waiver•`Pr:ovi .'ons. The failure by either party to promptly exercise any right arising hereunder shall not`co F stitute a waiver of such right unless otherwise expressly provided herein No waiver or b ach of any provision of this Agreement shall constitute a waiver of any subsequent breach e the same or any other provision hereof, and no waiver shall be effective unless made in writg. Section 26. Events of Default. (a) breaches any term, covenant, of 'co within thirty (30) days after;receip' nature of such breach; provided, cured within thirty (30) days, t to cure such breach; within sa cure to completion Developer shall be in default under this Agreement if Developer fails to perform or ition of this Agreement which is not cured of written notice from the City specifying the owever, that if such breach cannot reasonably be n Developer shall; not be in default if it commences thirty (30) day period and diligently prosecutes such (b) The City shall''be in de fault under this:; Agreement if the City fails to perform or breaches any term, co / enant, or condition of this Agreement and such failure is not cured witW thirty (0) days after receipt of written notice from a Developer specifying the nqi,• re of such breach; provided, however, that if such breach cannot reasonably be red within thirty (30) days, the City shall not be in default if it commences tr cure such breach within said thirty (30) day period and diligently prosecutes ; ch cure to completion. It shall • t be a default under this Agreement if either party is declared bankrupt by a cour of competent jurisdiction. All rights and obligations in this Agreement shall surv' e such bankruptcy of either party. The Parties hereby forfeit any right to ter mate this Agreement upon the bankruptcy of the other party. This section does of absolve Developer of any of its obligations pursuant to the City Code should it declare bankruptcy, including but not limited to ensuring that all construction sites, buildings, structures, and excavation sites are safe. The default of a successor or assignee of any portion of Developer's rights hereunder shall not be deemed a breach by the original Developer. Page 16 of 28 SUBSTITUTED. Section 27. Remedies Upon Default. (a) Neither party may terminate this Agreement upon the default of the other p. rty, but shall have all of the remedies enumerated herein. (b) Upon the occurrence of a default by a party to this Agreement not cued within the applicable grace period, Developer and the City agree that any arty may seek specific performance of this Agreement, and that seeking spe fic performance shall not waive any right of such party to also seek monetary amages, injunctive relief, or any other relief other than termination of this Agreei ent. Each party shall bear its own attorney's fees in any such action. Section 28. Severability. If any term or provision of this Agreeme to any person or circumstance shall, to any extent,` hereafter;} be unenforceable, the remainder of this Agreement or the 'applicatio persons or circumstances other than those as to which it is held be affected thereby and shall continue in full force and effect. Section 29. Assignment and Transfer. This Agreement heirs, successors, and assigns, including.the successor to'' BCC 650 SMA/AP Property ("BCc 650 SMA/AP P discretion, may assign, in whole or in part, this A hereunder, or may extend the benefits of this Agin Property Interest without the:prior written cons assignee shall assume; all applicable rights and to Developer in this Agreement allSO applies Section 30. ObligationsSurviving Ter any contrary term or, provision contai Agreement, the following obligations effect until the expiration of a one termination or the expiration of contained herein; (ii) rights' o. expiration or earlier terminat which expressly indicates e' be applicable or effective Section 31. Lack establishing an agen employees, agent instrumentalitie its contractors Developer o or the application thereof etermined to be invalid or of such term or provision to valid or unenforceable shall not shall be binding orfDeveloper and its r assignee of any property interest in the operty Interest"). Developer, at its sole eement o1; any of its rights and obligations ment, to any holder of a BCC 650 SMA/AP t or:any other approval of the City. Any such blhgalions under this Agreement. Any reference any heir, successor, or assignee of Developer. ination Hereof Notwithstanding and prevailing over herein, `in the event of any lawful termination of this hall `survive such termination and continue in full force and :year term following the earlier of the effective date of such e'`Term: (i) the exclusive venue and choice of law provisions any party arising during or attributable to the period prior to n of this Agreement; and (iii) any other term or provision herein :het that it survives the termination or expiration hereof or is or may eyondhe expiration or permittedearly termination hereof enc ✓ Relationshi s . Nothing contained herein shall be construed as y relationship between the City and Developer and neither Developer nor its contractors, subsidiaries, divisions, affiliates, or guests shall be deemed agents, , employees, or contractors of the City for any purpose hereunder, and the City, agents, and employees shall not be deemed contractors, agents, or employees of its subsidiaries, divisions, or affiliates. Section .:2, Cooperation; Expedited Permitting; and Time is of the Essence. (a) The Parties agree to cooperate with each other to the full extent practicable pursuant to the terms and conditions of this Agreement. The Parties agree that time is of the 47217292;1 Page 17 of 28 SUBSTITUTED. essence in all aspects of their respective and mutual responsibilities pursuant to this Agreement. The City shall use its best efforts to expedite the permitting an approval process in an effort to assist Developer in achieving its Development d construction milestones. The City will accommodate requests from Develo+er's general contractor and subcontractors for review of phased or multiple per ruing packages, such as those for excavation, site work and foundations, build': g shell, core, and interiors. In addition, the City Manager will designate an indi dual who will have a primary (though not exclusive) duty to serve as the Ci. 's point of contact and liaison with Developer in order to facilitate expediting e processing and issuance of all permit and license applications and approvals cross all of the various departments and offices of the City. which have the a orily or right to review and approve all applications for such permits and lice : es. (b) Notwithstanding the foregoing, the City: shall not be obli• ted to issue any permit to the extent Developer does not _comply with the appl' able requirements of the Existing Zoning, the Comprehensive Plan, this Agr:' went, applicable building codes, and any other statute, ordiranc Section 33. Enforcement. In the event that Developer, its successors, or ssigns fails to act in accordance with the terms of the Existing Zoning or this Agr enient, the City shall seek enforcement of said violation upon the`subject BCC 6 SMA/AP Property. Enforcement'of this Agreement shal baby action against any Parties or person violating, or attempting to violate,-s y Covenants set forth in this Agreement. This enforcement provision sha be in addition to any other remedies available at in equity,' or both Section'34 Amendment or Tertninat amended oi.terminated durung its Term City. Prior to'any amendment: or ter hold two (2) :public hearings be amendment or termination, Any of the County at Developer's s Section 35. Third Part expense, vigorously defe challenging the Agrees including, without li Statutes (2010), (ii) any claims for 1 and Developer s are pending or Mutual Consent. This Agreement may not be cept by mutual written agreement of Developer and the illation of this Agreement during its Term, the City shall re the City Commission to consider and deliberate such rrendment or termination shall be recorded in the public records e cost. efeinse. The City and Developer shall each, at their own cost and d any claims, suits, or demands brought against them by third parties nt or the BCC 650 SMA/AP Project, or objecting to any aspect thereof, nation, (i) a consistency challenge pursuant to Section 163.3215, Florida petition for writ of certiorari, (iii) an action for declaratory judgment, or (iv) os , damage, liability, or expense (including reasonable attorneys' fees). The City all promptly give the other written notice of any such action, including those that hreatened, and all responses, filings, and pleadings with respect thereto. Section 3C, No Conflict of Interest. Developer agrees to comply with Section 2-612 of the City Code as +f the Effective Date, with respect to conflicts of interest. Page 18 of 28 47 7292;1 SUBSTITUTED. Section 37. No Third -Party Beneficiary. No persons or entities other than Developer an the City, their heirs, permitted successors, and assigns, shall have any rights whatsoever un . r this Agreement. Section 38. Counterparts. This Agreement may be executed in two (2) or more ciunterparts, each of which shall constitute an original but all of which, when taken together, s all constitute one and the same agreement. Section 39. Abutting Property Owners. The City and Developer have mutual interest in ensuring that construction of the BCC 650 SMA/AP Project, proceeds i a manner which is respectful of and sensitive to owners of property abutting the BCC 650 SMA/AP Project ("Abutting Owners"). In recognition of this concern, during constructio • f the BCC 650 SMA/AP Project, Developer agrees to ensure that Abutting Owners ate compens ted for any actual damages which directly result from accidental loss of utility service caused Developer, its contractors, or subcontractors. Section 40. Status. Upon request from time to time by Dev lopes, or its successor, assigns, or any mortgagee of Developer, its successor, or assign, the City shall deliver to such requesting party a letter (in recordable form, if requested) stating whether the obligationsof Developer or its successor or assign under this Agreement are current 'an e :in good standing or have been satisfied. In the event Developer or its successor of• assign is not lr ent in its obligations or such obligations are not satisfied, said letter shall state the 'particula manner in which such person's obligations under this Agreement are not current and in good anding or have not yet been satisfied. Section 41, Estoppel Within ninety (90) d. s ofreceipt of written request from a Developer party, the City Manager"or his designee, on b alf of the City, shall execute an estoppel certificate or similar document, in form and substanc- reasonably acceptable to the City Attorney, affirming Developer's compliance with the condit ns set fotth in the Agreement. Should the City fail to execute the requested estoppel eertifrce within the aforementioned time period, the City's non - response shall be presu ned to indica Developer's compliance with the terms of the Agreement. NOW, UIIEREOF, t: e ':City and `Developer have caused this Agreement to be duly executed. ignatn e blocks for City and Developer on next pages] Page 19 of 28 47217292;1 SUBSTITUTED, Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: THE CITY OF MIAMI, a Florida municipal corporatio Printed: Printed: STATE OF COUNTY OF By: Name:` Title: The foregoing instrument was acl owledged before me this day of , 2019 by ;n , the; of THE CITY OF MIAMI,, a Florida$ m unicipal corpo tion 'He/She `is personally known to me or presented as identific.. ion and who did not take an oath. Notary Public, State of NOTARY SEAL/ STD MP ` `' ` Print Name Page 20 of 28 47217292;1 SUBSTITUTED. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: TOBACCO ROAD PROPERTY HOLDINGS a Florida limited liability company Printed: Printed: STATE OF ss` COUNTY OF The foregoing instrument was acknowl 2018 by PROPERTY 'HOLDINGS, LLC, a or known Ito. me or presented By: Name: Title: ged before me this LC, day of of TOBACCO ROAD a limited liability company. He/She is personally as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP '' Print Name Page 21 of 28 47 7292;1 SUBSTITUTED, Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: Printed: Printed: STATE OF COUNTY OF The foregoing instrument was acknow 2018 by CREEK HOLDINGS, LLC, a Floiida 1i me or presented 2 INDIAN CREEK HOLDINGS LC a Florida limited liability compa y By: Name: Title: edged before me::this day of the of 2 INDIAN ited liability company. He/She is personally known to as .identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STA ' Print Name Page 22 of 28 47217292;1 SUBSTITUTED. Signed, witnessed, executed and acknowledged this day of , 2019. Witnessed by: BCC ROAD IMPROVEMENT C, a Florida limited liability compa Printed: Printed: STATE OF COUNTY OF The foregoing: instrument yeas acknow 2018 by IMPROVEMENT LLC, a; Florida limite or presented .: By: Name: Titles y edged before me this _ day of , e of BCC ROAD liability company. He/She is personally known to me entificatioiiand who did not take an oath. Notary Public, State of NOTARY SEAL/ STA •> Print Name Page 23 of 28 47217292;1 SUBSTITUTED. Exhibit "A" BCC 650 SMA Property Legal Description: Parcel 1: A portion of Lot 18, in Block 38-A, AMENDED PLAT OF BLOCK 38- AND THE NORTH IIALF OF BLOCK 53-S, CITY OF MIAMI, according to the P at thereof, as recorded in Plat Book 1 at Page 74 of the Public Records of Miami Dade r ounty, Florida, more particularly described as follows: Beginning at the Southeast corner of said Lot ,18, run South 87°3 "'17" West, along the South line of said Lot 18, for a distance of 50.01 feet to the=,Sout, west corner of said Lot 18; thence run North 02°16'37" West, alongythe West line of `s.''d Lot 18 for a distance of 90.55 feet to a point; thence run North 55° 10'03" East for a dis nee,of 18.32 feet to a point of curve; thence run Northeasterly along the arc of a cculal VCu1ve, concave to the Southeast, having a radius of 2856.29 feet, through a cen •.1 angle of 00°49'08", for an arc distance of 40.83 feet to a point on the east line of said t 18; thence un South 02° 16'38" East, along the East line of said Lot 18, for a `dist. ce of 122.05 feet to the Point of Beginning, Parcel 2: All of Lots 19, 20 "and 21, Block 38-A of Ai. NDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK, 53-S, CITY OF MIAMI;' according to the Plat thereof, as recorded in Plat Book 1 at Page 74, oft Public Records of Miami Dade County, Florida. LESS AND EXCEPTING'HERBF Corninence at the Sotthwest`cor the West line of said Lot 19, f herein described parcel, the of said Lot:19, for a disc: North 87°37'22=! East, a feet; thence rur South Parcel 3: OM thefollowing portion thereof, to wit: er of said Lot 19; thence run North 02° 16'3 8" West, along ia distance of 122.05 feet to the Point of Beginning of the e continue to run North 02°16'38" West, along the West line ce of 27.72 feet to the Northwest corner thereof; thence run •rig the north line of said. Lot 19 and 20, for a distance of 53.56 ° 17'00" West for a distance of 60.35 feet to the Point of Beginning Lots 22 and 2 and the South %2 of Lot 24, in Block 38-A of AMENDED PLAT OF BLOCK 38-AND THE NORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat ereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade Conty, Florida. Parc Page 24 of 28 47" 7292;1 SUBSTITUTED. The North % of Lot 24 in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND E NORTII HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat ther, of, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County-lorida. Parcel 5: Lot 1, Block 38-A, OF AMENDED PLAT OF BLOCK 38-A AND THE ' ORTH HALF OF BLOCK 53-S, CITY OF MIAMI, according to the Plat thereof, a recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Flo da. Parcel 6: Tract "A", of 602 COMPLEX, according to the Plat thereof, arecorded in Plat Book 139, at Page 41, of the Public Records of Miami -Dade, Florida BCC AP Property Legal Description: Lot 6, in Block 38A, of AMENDED PLAT QF,B OM 38A AND THE NORTH HALF OF BLOCK 53S, MAP OF MIAMI CO. FLA, a .cording to the Plat thereof, as recorded in Plat Book 1, at Page 74, Public Records of Mi i-Dade County, Florida, LESS that certain Right of Way for Bridge as recorded in Official RecordsBook 11897, Page 1864 and in Official Records Book 11913, Page 509, the Public=Records of Miami -Dade County, Florida AND Tract "B" of,602 COI %IPLEX, a ording tothe Plat thereof, as recorded in Plat Book 139, Page,411 of the Public"Record of Miami -Dade; Florida. D Lot 4; Block E, SOUT Plat Book B, at Page AND CITY OF MIAMI, according to the Plat thereof, as recorded in 1, of the Public Records of Miami -Dade County, Florida. Begin at the outhw°est corner of Lot 1, Block E, of SOUTH CITY OF MIAMI, according to the Plat ereof, recorded in Plat Book B, Page 41, thence East 50 feet, thence North 100 feet to the North line of Lot 2 of said Block E South, thence run West 14.15 feet to the East line of '..W. Miami Avenue Road; thence Southwesterly along S.W. Miami Avenue Road 45,9. feet to the Northeast corner of Lot 4 of said Block E South; thence South along the Ea line of Lot 4, Block E South, 71.31 feet more or less to the place of Point of Beginning; s me being the West 50 feet of Lot 1 and the West fractional part of Lot 2, Block E of OUTH CITY OF MIAMI, Plat Book B, Page 41, Public Records of Miami -Dade County, Florida. Page 25 of 28 47217292;1 SUBSTITUTED. AND A portion of Lots 1, 2, and 3, of Block E S, MAP OF MIAMI, according to the at thereof as recorded in Plat Book B and Page 41, of the Public Records of Miami-D. de County, Florida, being more particularly described as follows; Commence at the Southwest Corner of Lot 4, of said Block E S; thence the Southeasterly Right -of -Way Line of S.W. Miami Avenue Road for feet to the Southwest Comer of said Lot 3; said point also b BEGINNING of the hereinafter described Parcel of land:' -thence along said Right -of -Way Line for a distance of 49,43 feet to circular curve concave Southeasterly; thence Northeasterly to curve having for its elements a Radius of 25.00 feet, thrOi for an arc distance of 10.31 feet to a point of tangency; th of 9.39 feet to a point of intersection with the "Limits o the Dade County Public Works Departnent Right -of - dated March 1981, Revised January 1983;;thence Construction Line" for a distance of 13.68 feet to thence continuing along said. "Limits of Const along the arc of said curve having faits eleme angle of 29°47'13" for an arc distance" of,1 South line of said .,Lot 1 being 1,;non-t S87°37' 19"W along the South Line of s of SW 6th Street,""'for a distance of 9 the West 50.00 feet of said; Lots intersection with the South: line o for a distance of 14.15 feet to th" =AND A portion of Southwest 48°58'24"E along distance of 160.14 ing the POINT OF 48°58'24"E continuing oint of curvature with a e right along the arc of said a central angle of 23°38'04" ceN72°36'28"E for a distance Construction Line" as shown on ay Map Section No. 87513-2644 S02°16'45"E along said "Limits of point of curvature convave Westerly; etion Line" Southwesterly to the right s a Radius of 250.25 feet, through a central 0.10 feet; to a point of intersection with the gent ,to the aforementioned curve; thence id Lot J also being the North Right -of -Way line feet; thence'NO2°17'41 "W along the East line of and 2'for a distance of 100.01 feet to a point of aid Lot,3; thence S87°37'19"W along said South line DINT OF BEGINNING. a h Street;being more particularly described as follows; Begin at the Northw; st coiner of Lot 6 in Block 38A of AMENDED PLAT OF BLOCK 3 8A AND THEN."' TH HALF OF BLOCK 53 S, according to the Plat thereof, as recorded in Plat Book 1 a 'age 74, of the Public Records of Miami -Dade County, Florida; thence North 87°37'27 East along the North line of said Lot 6, also being the South Right Of Way uthwest"6th Street, also being the North line of Tract "B" of 602 COMPLEX, the Plat thereof, as recorded in Plat Book 139 at Page 41 of said Public 180.37 feet to the Northeast corner of said Tract "B", said corner lying and Northwesterly Limited Access Right Of Way Line and a point on a circular concave to the Northwest and whose radius point bears North 50°56'14" West; e Northeasterly along said Limited Access Right Of Way Line and being a 255.25 radius curve, leading to the left, through a central angle of 07°05'10" for an arc distance of 31.57 feet to a point on a non -tangent line; thence North 28°54'02" East along said Limited Access Right Of Way line for 19.13 feet to a point on a circular curve, concave to line of said S according Records or being s the cury the fr,ot Page 26 of 28 47217292;1 SUBSTITUTED. the Northwest; thence Northeasterly along said Limited Access Right Of Way Line and being a 254.75 foot radius curve, leading to the left, through a central angle of 02°16'35 for an arc distance of 10.12 feet to a point on the North Right Of Way line of Southw st 6th Street; thence South 87°37'27" West along the South line of Lot 1 and Lot 4 of BL CK E S, of MAP OF MIAMI, according to the Plat thereof, as recorded in Plat Book B ; Page 41, of said Public Records and said North Right Of Way Line for 153.71 feet to a oint on the Southeasterly Right Of Way line of Southwest Miami Avenue Road, als s eing the Southwest corner of Lot 4; thence South 48°18'26" West for 78.91 feet to ie Point of Beginning. 47 7292;1 Page 27 of 28 ,y. Exhibit "B" [to be provided] Page 28 of 28 SUBSTITUTED.