Loading...
HomeMy WebLinkAboutSubmittal-Spencer Crowley-Draft Development AgremeentSubmitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk This instrument Prepared by and after Recording Return To: T. Spencer Crowley, Esq. Akerman LLP 98 SE 7th Street, Suite 1100 Miami, FL 33131 Folio Nos: 01-3231-000-0014 01-3231-000-0016 01-3231-000-0010 Reserved for Recording DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MIAMI, FLORIDA AND ESJ JI LEASEHOLD, LLC, REGARDING DEVELOPMENT OF THE JUNGLE ISLAND PROJECT THIS DEVELOPMENT AGREEMENT is entered this day of 20 , and effective as of the day of , 20, by and between ESJ JI Leasehold, LLC, a Florida limited liability company ("ESJ"), and the CITY OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of the State of Florida ("City") (ESJ and the City together referred to as the "Parties"). WITNESSETH: WHEREAS, the City holds fee simple title to approximately 18.61 acres of upland waterfront property and submerged lands in and around Watson Island in Biscayne Bay, located on the northeast of the MacArthur Causeway, and generally bounded by Biscayne Bay on the north and the Parrot Jungle Trail service road on the east and south, as more particularly described on Exhibit "A" attached hereto and incorporated herein ("Property"); and WHEREAS, following City voter approval in a public referendum that occurred in 1995, on September 2, 1997, pursuant to City Commission Resolution R-96-0671, the City and Parrot Jungle and Gardens, Inc. ("Prior Lessee") entered into a Lease and Development Agreement that authorized Prior Lessee to develop and operate a botanical gardens and theme park known as Parrot Jungle & Gardens of Watson Island on the Property ("Lease") and said Lease has been amended several times, most recently on March 6, 2019 (the "Fifth Amendment"); and WHEREAS, on April 14, 1998, pursuant to City Commission Resolution R-98-0376, the City Commission approved a Major Use Special Permit (MUSP) for development of the Parrot Jungle botanical gardens and theme park contemplated in the Lease, including 172,444 square feet of visitor attraction spaces with accessory commercial spaces and 588 parking spaces, which was later modified on November 16, 2000, pursuant to City Commission Resolution R-00-1032, to reconfigure the location of the ballroom facilities and other site improvements (collectively, "Jungle Island"); and Page 1 of 22 50075929;11 s' %%4 S brn i !-fa_ I- Yrinu( tet - D V bJYYLiikf ACI ,� r2 rU k WHEREAS, on April 4, 2017, pursuant to City Commission Resolution R-16-0567, the City, Prior Lessee, and ESJ entered into an Assignment and Assumption Agreement and Termination of Sublease, recorded on April 6, 2017 at Official Records Book 30486, Page 2539 of the Public Records of Miami -Dade County, Florida, wherein the Prior Lessee assigned all of its right, title, and interest in the Lease, as amended, and in Jungle Island to ESJ; and WHEREAS, on August 28, 2018, pursuant to City Commission Resolution R-18-0232, the City held a referendum and voters approved a Charter amendment to waive competitive bidding and approve a fifth modification to the Lease with ESJ, extending the term of the Lease and allowing ESJ to pursue development of a new hotel and attractions on the Property, with a maximum one hundred thirty foot (130') height (the 'Referendum"); and WHEREAS, ESJ wishes to redevelop the existing parking garage at the Property pursuant to the Lease, with (1) a new hotel with up to 300 lodging units, having ancillary retail and/or restaurant space and meeting room space ("Jungle Island Hotel"), which will enhance and modernize one of the City's most iconic destination theme parks, and (2) additional attractions and modifications in the Jungle Island SAP as defined below and as set forth in Exhibit C, while preserving the lush tropical botanical gardens at the Jungle Island theme park ("Project") WHEREAS, the Project will generate additional annual rent payments to the City based on a percentage of gross revenues from the Jungle Island Hotel, establish a signature pedestrian staircase connection to the Ichimura-Miami Japanese Gardens, and provide additional public benefits as set forth in this Agreement and the Lease; and WHEREAS, the Property has a designation of Public Parks & Recreation on the future land use map of the Miami Comprehensive Neighborhood Plan ("Comprehensive Plan"), and the Property has a zoning transect designation of Civic Space on the official Zoning Atlas of the City ("Miami 21 Atlas"); and WHEREAS, the City and ESJ are proceeding to amend the underlying zoning designation on the Miami 21 Atlas for the portion of the Property where the Jungle Island Hotel will be located from Civic Space to T6-12-0, and the City and ESJ are proceeding to amend the underlying future land use designation in the Comprehensive Plan for the portion of the Property where the Jungle Island Hotel will be located from Public Parks & Recreation to Restricted Commercial; and WHEREAS, the City and ESJ wish for development of the Project to proceed in a manner which is consistent with the proposed future land use map designation and the Comprehensive Plan; and WHEREAS, a process exists within Ordinance 13114, the Zoning Code of the City of Miami, Florida, as amended, ("Miami 21") that allows parcels of more than nine (9) abutting acres to be master planned to allow greater integration of public improvements and infrastructure (Sec. 7.1.2.8.a.2 of Miami 21), and greater flexibility so as to result in higher or specialized quality building and streetscape design, and the result of this master planning process is known as a "Special Area Plan" or "SAP"; and Page 2 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk WHEREAS, to develop the Project as approved by the Lease, the Fifth Amendment and the Referendum, ESJ and the City wish to designate the Property as a Special Area Plan under Miami 21 ("Jungle Island SAP"); and WHEREAS, Miami 21 requires that development of the Project under the Jungle Island SAP be governed by a development agreement between ESJ and the City; and WHEREAS, the City and ESJ wish for development of the Project to proceed substantially in accordance with the Jungle Island SAP Regulating Plan and Concept Plans attached hereto as Exhibit "B"; 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 may 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 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; (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; Page 3 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk (e) The Parties hereto agree that this Agreement shall not be more strictly construed against either the City or ESJ, 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 ESJ JI Leasehold, LLC, regarding Development of the Jungle Island 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 (2020), meeting the requirements of Section 163.3177, Florida Statutes (2020), Section 163.3178, Florida Statutes (2020), and Section 163.3221(2), Florida Statutes (2020), which is in effect as of the Effective Date. "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 (2020). "Effective Date" means , 20__, the date on which this Agreement is recorded in Miami -Dade County Official Records. "Existing Zoning" means the zoning designation and regulations of the Jungle Island SAP, Miami 21, the City Charter, and the Code of the City of Miami, Florida, as amended ("City Code"), in effect as of the date that the Jungle Island SAP and this Agreement are adopted by the City Commission, which comprise the effective land development regulations governing development of the 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. "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. Page 4 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk "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 ESJ to develop the Project pursuant to the Lease, Referendum and Jungle Island SAP. This Agreement will establish, as of the Effective Date, the land development regulations which will govern development of the Project, thereby providing the Parties with additional certainty during the development process. This Agreement also satisfies Section 3.9.1.f., Miami 21. The allocation of thoroughfares and civic space types and building area among the building sites are set forth in the Jungle Island SAP Regulating Plan and Concept Plans, attached as Exhibit "B". The creation and retention of public benefits are set forth in Section 9 of this Agreement. Section 5. Intent. ESJ and the City intend for this Agreement to be construed and implemented so as to effectuate the purpose of the Jungle Island SAP, this Agreement, the Comprehensive Plan and the Florida Local Government Development Agreement Act, Sections 163.3220 - 163.3243, Florida Statutes (2020). Section 6. Applicability. This Agreement only applies to the Project. Section 7. Term of Agreement, Effective Date and Binding Effect. This Agreement shall have a term of thirty (30) years from the Effective Date and shall be recorded in the public records of Miami -Dade County and filed with the City Clerk. The term of this Agreement may be extended by mutual consent of the Parties subject to public hearing(s), pursuant to Section 163.3225, Florida Statutes (2020). 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 8. Permitted Development, Uses, and Building Intensities. (a) Jungle Island SAP Designation. The City has designated the Property as the Jungle Island SAP on the official Zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Jungle Island SAP Regulating Plan and Concept Plans are attached as Exhibit "B". In approving the Jungle Island 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. The Jungle Island SAP assigns 18.3% (117,750 square feet) of its aggregated lot area to Civic Space Types, in compliance with Section 3.9.1.e of Miami 21. As provided for in the SAP Regulating Plan, the civic space diagram in the SAP Concept Plans may be modified by process of SAP Permit for the purpose of changing the allocation of Civic Space Types, so long as the minimum required amount of Civic Space Types (5 percent of aggregated SAP lot area) is provided. (b) Density, Intensity, Uses, and Building Heights. Page 5 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk (i) As of the Effective Date and pursuant to the overall density limitations in the Jungle Island SAP, the density proposed for the Property shall not exceed 300 lodging units. (ii) The non-residential Development permitted on the Property includes the following uses: office, hotel, retail, restaurant, botanical gardens, recreational activities including theme parks, cultural, educational and entertainment facilities, attractions, and any other uses permitted by the Existing Zoning. (iii) Notwithstanding any provision of the Existing Zoning to the contrary, the Beachfront Recreation Area, as is described in the SAP Regulating Plan (inclusive of a chickee hut, food trucks (as defined by Section 31-51 of the City Code), furniture and moveable fixtures, storage trailer(s), restroom trailer(s), accessory moveable bar counter(s), disc jockey stand/booth, towel stand(s), food and alcoholic beverage services, and any other similar uses, structures, or objects that may be utilized for this attraction), is permitted by right. Because this attraction is permitted by right under the terms of the SAP Regulating Plan, no part of the Beachfront Recreation Area shall be subject to Article XIII, Chapter 62 of the City Code. (iv) As of the Effective Date and pursuant to the Jungle Island SAP, the maximum height for the Project shall be 130 feet, in accordance with all relevant definitions in the Existing Zoning. (v) Nothing herein shall prohibit ESJ from requesting an increase in the density or intensity of Development permitted on the Property, as long as such increase in density or intensity is consistent with the Comprehensive Plan, Existing Zoning, the Jungle Island SAP, and this Agreement as it exists on the Effective Date. Section 9. Public Benefits. The following public benefits are being provided in connection with the Project. As is indicated in the Lease, ESJ is required to: 1) Make repairs to stabilize the riprap portion of seawall, install new perimeter fence, and engage in beach re -nourishment following hurricane damage; 2) If and only if a master permit for the Jungle Island Hotel is issued and ESJ commences construction on the hotel, provide $700,000 for the Ichimura-Miami Japanese Gardens, which includes hard and soft costs of building a connector from the Jungle Island Hotel to the Japanese Gardens plus annual repairs and maintenance to the Japanese Gardens for 10 years starting from the date of issuance of the master permit for the hotel; 3) If and only if a master permit for the Jungle Island Hotel is issued and ESJ executes and delivers the documents required for applicant to obtain funding Page 6 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk from PACE or a similar green energy program, then ESJ shall develop and green energy educational facility focusing on wind and solar energy at Jungle Island; 4) Upon approval of the Referendum, pay $100,000 to the City for affordable housing and contribute annually to the City the sum of $35,000 per year commencing on January 1, 2021 to the Liberty City Community Revitalization Trust for the duration of the term of the Lease; 5) Upon issuance of any building permit for the Jungle Island Hotel, ESJ shall pay an additional $300,000 to the City for affordable housing; 6) Upon issuance of a TCO (or CO if no TCO issued) for the Jungle Island Hotel, ESJ shall pay an additional $350,000 to the City for affordable housing; 7) Upon approval of the Referendum, pay up to $250,000 to City for purchase of a trolley on or before January 1, 2020, provided that the trolley has a scheduled stop at Jungle Island and the City provides applicant with the right to paint or wrap the trolley with advertising displays (interior and exterior) for marketing of Jungle Island; 8) Provide free training scholarship at Jungle Island to at least 6 students for a 6 week summer program related to horticulture, tourism, and the environment; 9) Provide 20% discount to City of Miami for any functions held at Jungle Island, including food and gifts; and 10) Provide discounted tickets to Jungle Island as follows: a. Schools, $12.00 b. First responders, 50% discount c. Family of first responders, 15% discount d. Military, 50% discount e. Family of active military, 15% discount f. Veterans, 15% discount g. Miami -Dade County school teachers, complimentary calendar year annual pass with school ID h. Memorial Day, veterans complimentary admission i. Senior citizens, 15% discount Section 10. Financial Obligations. ESJ must remain current on all financial obligations to the City, including but not limited to all financial obligations under this Agreement, the Referendum, and the Lease, as may be amended ("Financial Obligations"). Any extension(s) must be approved by resolution of the City Commission. Section 11. Development Schedule. If ESJ does not obtain the Master Building Permit for the subject hotel by March 6, 2023 and TCO for the subject hotel within six (6) years of obtaining the Master Building Permit, with any extension(s) due to force majeure being approved by resolution Page 7 of 22 50075929;11 of the City Commission, then the City may terminate or amend this Agreement after providing thirty (30) days written notice to ESJ and after two (2) public hearings before the City Commission. Section 12. Jungle Island Project Approval. (a) Future Development Review. Future Development on the Property shall proceed pursuant to a process established in the Jungle Island SAP Regulating Plan and Concept Plans and shall be consistent with the Comprehensive Plan, this Agreement, and the Jungle Island SAP. (b) Prohibition on Downzoning. (i) The Comprehensive Plan, this Agreement, and the Jungle Island SAP shall govern Development of the Property for the Term of the Agreement. The City's laws and policies adopted after the Effective Date may be applied to the Property only if the determinations required by Section 163.3233(2), Florida Statutes (2020) have been made after thirty (30) days written notice to ESJ and after a public hearing. (ii) Pursuant to Section 163.3233(3), Florida Statutes (2020), this prohibition on downzoning supplements, rather than supplants, any rights that may vest to ESJ under Florida or Federal law. As a result, ESJ 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 (2020). The City reserves all of its defenses, immunities, and any claims it may have in response to the right to challenge changes in the land development regulations. Section 13. Local Development Permits. (a) Development of the Property in accordance with the Existing Zoning is contemplated by ESJ. The Project may require additional permits or approvals from the City, Miami -Dade County, State of Florida, or Federal government and any divisions thereof. Subject to required legal process and approvals, the City shall make best efforts to take all reasonable steps to cooperate with and aid in faciliting 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), platting exemption, or waiver of plat approvals; (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; 50075929;11 Page 8 of 22 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk (iv) Certificates of use; (v) Certificates of occupancy; (vi) Stormwater permits; (vi) Any other official action of the City, Miami -Dade County, or any other government agency having the effect of permitting Development of the 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 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. Section 14. Local Hiring. ESJ will prioritize hiring from zip codes in the City, and will work through City Commission offices and CareerSource to help identify qualified applicants for positions during construction, with a goal of hiring 25% of the workforce from City zip codes. Qualified City residents will receive first priority for hiring both during and after construction of the Jungle Island Hotel. Section 15. Consistency with Comprehensive Plan. The City finds that Development of the Property in conformity with the Existing Zoning is consistent with the Comprehensive Plan. As of the Effective Date, ESJ is conducting an extensive analysis of the Public Facilities available to serve the Project. In the event that the Existing Zoning or the Comprehensive Plan requires ESJ to provide additional Public Facilities to accommodate the Project, ESJ will provide such Public Facilities, at ESJ's sole cost and expense. consistent with the timing requirements of Section 163.3180, Florida Statutes (2020). 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 Regulations Relative to Development Permits. ESJ 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 ESJ of the necessity of complying with the regulation governing said permitting requirements, conditions, fees, terms, licenses, or restrictions. Additionally, ESJ shall comply with all applicable laws, ordinances, and regulations including but not limited to the Florida Building Code and Florida Fire Prevention Code to ensure the safety of the Project and all City residents and guests. Section 17. Reservation of Development Rights. Page 9 of 22 50075929;11 (a) For the term of this Agreement, the City hereby agrees that it shall permit the Development of the 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 Property in a manner consistent with (i) the Existing Zoning and the Comprehensive Plan, (ii) any zoning change subsequently requested or initiated by ESJ 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 ESJ or its successors or assigns to continue Development of the Property in conformity with Existing Zoning and all Development permits or Development orders granted by the City concerning this Project. Section 18. Annual Review. (a) ESJ shall provide the City on an annual basis a status and annual report of the Project in order for the City to conduct an annual review of the Development. The annual report shall contain a section by section description of ESJ's compliance with its obligations under this Agreement. ESJ must specifically provide proof that ESJ is current on all Financial Obligations to the City. This annual report requirement shall commence twelve (12) months after the Effective Date. (b) During its annual review, the City may ask for additional information not provided by ESJ. Any additional information required of ESJ during an annual review shall be limited to that necessary to determine the extent to which ESJ 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 ESJ has not proceeded in good faith to comply with the terms of the Agreement, the City may terminate or amend this Agreement after providing thirty (30) days written notice to ESJ and after two (2) public hearings 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 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. Page 10 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk To the City: To ESJ: City Manager City of Miami 3500 Pan American Drive Miami, FL 33133 ESJ JI Leasehold, LLC Attn: Elie Mimoun 19950 W Country Club Drive Suite 800 Aventura, FL 33180 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk With a copy to: City Attorney Miami Riverside Center 444 S.W. 2nd Avenue, 9th Floor Miami, FL 33130 With a copy to: Akerman LLP Attn: Spencer Crowley Three Brickell City Centre 98 SE 7th Street, Suite 1100 Miami FL 33131 (b) 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 ESJ shall each have the right to specific performance of this 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. 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 Miami -Dade County, or as otherwise specified in this Agreement. Any modification requires two (2) public hearings before the City Commission in accordance with Florida Statutes Section 163.3225 (2020). This Agreement cannot be changed or terminated orally. Section 22. Compliance with Applicable Law. Subject to the terms and conditions of this Agreement, throughout the Term of this Agreement, ESJ and the City shall comply with all applicable federal, state, and local laws, rules, regulations, codes, ordinances, resolutions, Page 11 of 22 50075929;11 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 23. 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 24. 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 25. 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 26. Events of Default. (a) ESJ shall be in default under this Agreement if ESJ 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 ESJ 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 ESJ 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 ESJ 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 ESJ's rights hereunder shall not be deemed a breach by ESJ. Page 12 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Section 27. Remedies Upon Default. (a) Neither Party may terminate this Agreement upon the default of the other Party, except as specifically provided in this Agreement, 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, ESJ 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 (unless specifically provided for in this Agreement). Each Party shall bear its own attorney's fees in any such action. Section 28. 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 29. Authorization to Withhold Permits and Inspections. In the event that ESJ is not current on its Financial Obligations to the City and/or is not in compliance with the terms of this Agreement, including but not limited to ESJ's obligations to make payments, make improvements, or take or refrain from taking any other action under this Agreement, the City, in addition to any other remedies available, is authorized to withhold permits and refuse to make any inspections or grant any approvals. Section 30. Assignment and Transfer. This Agreement shall be binding on ESJ and its heirs, successors, and assigns, including the successor to or assignee of any property interest in the Property ("Property Interest"). ESJ, at its sole 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 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. ESJ shall provide written notice of any such assignment to the City in accordance with the Notices section herein. Any reference to ESJ in this Agreement also applies to any heir, successor, or assignee of ESJ. 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. Page 13 of 22 50075929;11 Section 32. Lack of Agency Relationship. Nothing contained herein shall be construed as establishing an agency relationship between the City and ESJ and neither ESJ 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 ESJ 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 ESJ in achieving its Development and construction milestones. The City will accommodate requests from ESJ'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 ESJ 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 ESJ 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. (a) In the event that ESJ, 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 Property, or otherwise. (b) Enforcement of this Agreement shall be by action at law or in equity against any Parties or person violating, or attempting to violate, any covenants set forth in this Agreement, including recovering damages. (c) This enforcement provision shall be in addition to any other remedies available at law, in equity, or both. (d) Each party shall bear its own attorneys' fees, expenses, and costs. 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 ESJ and the City (except as expressly provided otherwise herein including at Section 15(c)). Prior to any amendment or termination of this Agreement during its Term, the City shall hold two (2) public Page 14 of 22 50075929;11 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 Miami -Dade County at ESJ's sole cost and expense. Section 36. Indemnity. As is set forth in the Lease, ESJ agrees to indemnify, defend, and save harmless the City against and from any and all claims by or on behalf of any person, firm or corporation, arising, (other than due to the City's gross or wanton negligence against the Property) from any work in or about the Property and the leasehold improvements. ESJ also agrees to indemnify, defend and save the City harmless against and from claims and damages arising (other than due to the City's gross or wanton negligence), during the term of the Lease from a hazardous condition of the leasehold improvements and Property, or arising, other than due to the City's gross or wanton negligence, from any breach or default on the part of ESJ to be performed, pursuant to the terms of the Lease, or arising from any act or negligence of ESJ or any of its agents, contractors, servants, employees or licensees, or arising, (other than due to the City's gross or wanton negligence) from any accident, injury or damage cause to any person occurring during the term of the Lease in or on the Property, and from and against all costs, counsel and legal fees, expense and liabilities incurred in any claim or action or proceeding brought thereon. In case any action or proceeding be brought against the City by reason of a claim, ESJ, upon notice from the City, shall, at its expense, resist or defend the action or proceeding by counsel reasonably satisfactory to the City. If ESJ be required to defend any action or proceeding pursuant to this Section, to which action or proceeding the City is made a party, the City shall also be entitled to appear, defend, or otherwise take part in the matter involved, at its election, and at the sole expense of ESJ (except ESJ shall not be obligated to pay counsel fees when an insurance carrier is obligated to and does defend the City), by counsel located within Miami -Dade County of its own choosing, provided this action by the City does not limit or make void any liability of any insurer of the City or ESJ in respect to the claim or matter in question and provided that the legal fees and costs are reasonable. The foregoing agreements of indemnity are in additional to and not by way of limitation of any other covenants in the Lease to indemnify the City. The foregoing agreements of indemnity by ESJ do not apply to any claims of damages arising out of the failure of the City to perform acts or render services in its municipal capacity. Section 37. Successors, Assigns, Heirs, Grantees, and Designees. The rights, covenants and obligations set forth in this Agreement extend to ESJ, its successor(s), heir(s), grantee(s), and assign(s). Section 38. Headings. The section headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. Section 39. No Conflict of Interest. ESJ agrees to comply with Section 2-612 of the City Code as of the Effective Date, with respect to conflicts of interest. Section 40. No Third -Party Beneficiary. No persons or entities other than ESJ and the City, their heirs, permitted successors, and assigns, shall have any rights whatsoever under this Agreement. Section 41. Counterparts/Electronic Signature. 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, Submitted into the public Page 15 of 22 record for item(s) PZ.10, on 02-25-2021, City Clerk 50075929;11 shall constitute one and the same agreement. The Parties shall be entitled to sign and transmit an electronic signature of this Agreement, including facsimile, PDF, or other email transmission, which signature shall be binding on the party whose name is contained therein. Section 42. Recording. This Agreement shall be recorded in the Public Records of Miami - Dade County, Florida by ESJ at ESJ's sole expense and shall inure to the benefit of the City. Copies of the recorded Agreement shall be provided to the City Manager, Planning Director, City Clerk, and City Attorney within five (5) days of recording. Section 43. Status. Upon request from time to time by ESJ, or its successor, assigns, or any mortgagee of ESJ, its successor, or assign, the City shall deliver to such requesting party a letter (in recordable form, if requested) stating whether the obligations of ESJ or its successor or assign under this Agreement are current and in good standing or have been satisfied. In the event ESJ 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 44. Estoppel. Within ninety (45) days of receipt of written request from ESJ, 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 ESJ'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 ESJ's compliance with the terms of the Agreement. Section 45. PACE. The City Commission hereby ratifies and consents to (i) the execution of the PACE Agreement dated by ESJ and the Green Corridor PACE District and (ii) placing the PACE special assessment on the Property tax bill. The City Commission also hereby consents to future PACE financing on the Property deemed necessary by ESJ. NOW, WHEREOF, the City and ESJ have caused this Agreement to be duly executed. [Signature blocks for City and ESJ on next pages] Page 16 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Signed, witnessed, executed and acknowledged this day of , 20 . ATTEST: THE CITY OF MIAMI, a Florida municipal corporation Todd Hannon, City Clerk By: APPROVAL FROM THE PLANNING DEPARTMENT AS TO CONTENT: Francisco Garcia, Planning Director APPROVED AS TO LEGAL FORM AND CORRECTNESS: Victoria Mendez, City Attorney Page 17 of 22 50075929;11 Arthur Noriega V, City Manager Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Signed, witnessed, executed and acknowledged this day of , 20. Witnessed by: ESJ JI LEASEHOLD, LLC, a Florida limited liability company Printed: Printed: STATE OF COUNTY OF ) ss: By: Name: Title: The foregoing instrument was acknowledged before me by [ ] physical presence or [ ] online notarization this day of , 20 by the of ESJ JI LEASEHOLD, 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 18 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Exhibit "A" Legal Descriptions of the Property PARCEL I: Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk That portion of WATSON ISLAND lying and being in Sections 31 and 32, Township 53 South, Range 42 East, being more particularly described as follows: Commence at a point known as P.T. STATION 25+50 of the official map of location and survey of a portion of section 8706, designated as a part of State Road A-1-A in Dade County, Florida as recorded in Plat Book 56 at Page 71 of the Public Records of Dade County, Florida, said point being the point of tangency of the centerline of the most Northerly curve of general Douglas Mac Arthur Causeway, running Southeasterly from the Northwesterly corner of Watson Island and having a radius of 1432.69 feet and a central angle of 62°00'00"; thence run N60°52'45"E, along the Northeasterly prolongation of the radial line of the above mentioned curve for a distance of 670.74 feet to the POINT OF BEGINNING of the parcel to be described. Said point being also the POINT OF BEGINNING of lease area 1 Miami Yacht Club; thence S09°52'53"E, along the Southwesterly line of said lease area 1 and its Southeasterly extension for 857.30 feet; thence S60°52'45"W, for 223.24 feet to its intersection with a line parallel and 100 feet Northeasterly of the most Northerly right-of-way line of said Mac Arthur causeway; thence N29°07' 15 "W, parallel to said right-of-way for 1100.97 feet to a point of tangency; (A) thence along a tangential curve concave to the southwest having a radius of 800.00 feet, a central angle of 25°16'16" for an arc distance of 352.85 feet, thence S90°00'00"W for 94.95 feet to its intersection with the northerly right-of-way line of said Mac Arthur Causeway and a circular curve concave to the Southwest, said point bears S41°51'52"W from its center; (B) thence along said curve having for its elements a radius of 1090.64 feet, a central angle of 6°47'18" for an arc distance of 129.22 feet to a point of compound curvature; (C) thence along a compound curve concave to the southwest having for its elements a radius of 1441.25 feet, a central angle of 20°27'49" for an arc distance of 514.75 feet; (D) thence N34°54'16"E for 338.29 feet; thence S55°05'44"E for 726.47 feet to its intersection with the approximate shoreline of Biscayne Bay; thence continue along said shoreline for following eight course (1) S88°21'37"E for 63.38 feet; (2) thence S86°09'34"E for 68.47 feet; (3) thence S82°33'21"E for 131.22 feet; (4) thence S72°18'34"E for 82.71 feet; (5) thence S69°29'02"E for 102.34 feet; (6) thence S67°53'24"E for 82.52 feet; (7) thence S69°05'26"E for 94.62 feet; (8) thence N80°40'44"E for 48.77 feet to its intersection with the southwesterly line of said lease area 1; thence S08°07'15"E along said line for 288.12 feet to the point of beginning and there terminating. Said lands lying and being on Watson Island, Dade County Florida and containing 810,795 square feet (18.61 acres), more or less. LESS AND EXCEPT: That portion of WATSON ISLAND lying and being in Sections 31 and 32, Township 53 South, Range 42 East, being more particularly described as follows: Commence at a point known as P.T. STATION 25+50 of the official map of location and survey of a portion of section 8706, designated as a part of State Road A-1-A in Dade County, Florida as Page 19 of 22 50075929;11 recorded in Plat Book 56 at Page 71 of the Public Records of Dade County, Florida, said point being the point of tangency of the centerline of the most Northerly curve of general Douglas Mac Arthur Causeway, running Southeasterly from the Northwesterly corner of Watson Island and having a radius of 1432.69 feet and a central angle of 62°00'00"; thence N60°52'45"E, along the Northeasterly prolongation of the radial line of the above mentioned curve for a distance of 130.00 feet to a point on the easterly right-of-way line of said Mac Arthur Causeway as recorded in Official Records Book 18018, at page 1171 and Official Records Book 18699, at page 1236 of the Public Record of Dade County Florida; thence N29°07'15"W, along said right-of-way line, 256.28 feet to a point of curvature of a curve concave to the southwest; thence northwesterly along the arc of said curve having a radius of 926.00 feet and a central angle of 25°46'26", a distance of 416.55 feet; thence N54°53'41 "W, 3.51 feet to a point of beginning; thence continue N54°53'41 "W, 157.45 feet to a point of curvature of a curve concave to the southwest, thence northwesterly along the arc of said curve having a radius of 1454.25 feet to a central angle of 16°22'32", a distance of 415.64 feet; thence N18°43'47"E, radially to last and next described curves, a distance of 4.77 feet to a point on a non -tangent curve, concave to the southwest thence northwesterly along the arc of said curve, having a radius of 1459.02 feet and a central angle of 03°50'38", a distance of 97.89 feet (the preceding six course and distance being coincident with the easterly and northeasterly right- of-way line of said Mac Arthur Causeway as recorded in Official Records Book 18018, at Page 1171 and Official Records Book 18699, at Page 1236 of the Public Record of Dade County); thence S34°54'16"W, 18.80 feet to a point of curvature of a non -tangent curve concave to the southwest (a radial line to said point bears N14°36'45"E); thence southeasterly along the arc of said curve, having a radius of 1441.25 and a central angle of 20°27"49", a distance of 514.75 feet to a point of compound curvature of a curve concave to the southwest; thence southeasterly along the arc of said curve, having a radius of 1090.64 feet and a central angle of 06°47'18", a distance of 129.22 feet; thence N90°00'00"E, 35.33 feet to the point of beginning. TOGETHER WITH THE FOLLOWING LANDS: PARCEL 2: That portion of WATSON ISLAND lying and being in Sections 31 and 32, Township 53 South, Range 42 East, being more particularly described as follows: Commence at a point known as P.T. Station 25+50 of the origin of location and survey of a portion of Section 8706, designated as a part of State Road A-1-A, Dade County, Florida as recorded in Plat Book 56, Page 71 of the Public Records of Miami -Dade County, Florida said point being the point of tangency of the centerline of the most northerly curve of General Douglas MacArthur Causeway, running southeasterly from the northwesterly corner of Watson Island and having a radius of 1432.69 feet and a central angle of 62°00'00"; thence N62°52'45"E, along the northeasterly prolongation of the radial line of the above mentioned curve for a distance of 670.74 feet; thence S09°52'53"E, 387.30 feet to the Point of beginning; thence continue S09°52'53"E, 470.00 feet; thence N60°52'45"E, 30.75 feet; thence N08°45'06"W, 49.29 feet; thence N09°52'53"W, 180.24 feet; thence N13°41'45"W, 134.32 feet; thence N13°41'15"W, 94.07 feet; thence S89°32'37"W, 15.03 feet to the Point of Beginning. Page 20 of 22 50075929;11 Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Exhibit "B" Jungle Island SAP Regulating Plan and Concept Plans [to be provided] Page 21 of 22 50075929:1 I Submitted into the public record for item(s) PZ.10, on 02-25-2021, City Clerk Exhibit "C" Jungle Island SAP Master Plan [to be provided] Page 22 of 22 50075929;11