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HomeMy WebLinkAbout26049AGREEMENT INFORMATION AGREEMENT NUMBER 26049 NAME/TYPE OF AGREEMENT OMNI CRA DESCRIPTION PARTIAL RELEASE OF MORTGAGE & OTHER LOAN DOCUMENTS/14TH STREET DEVELOPMENT, LLC UNIDOS PROJECT/FILE ID: 18194/CRA-R-25-0055/MATTER ID: 26-562 EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 3/19/2026 DATE RECEIVED FROM ISSUING DEPT. 3/20/2026 NOTE to () q OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Todd Hannon, City Clerk Date: March 20, 2026 Subject: Partial Release of Mortgage and Other Loan Documents From: Jesly De Los Santos, Enclosures: Executive Assistant, Omni CRA Enclosed for inclusion in the City Clerk's Official Records is the original, fully executed Partial Release of Mortgage and Other Loan Documents for the UniDos Project, as authorized by Resolution CRA-R-25- 0055 (September 25, 2025). This document, executed by the Omni Redevelopment District Community Redevelopment Agency as Mortgagee, releases a designated portion of the property for right-of-way purposes to Miami -Dade County, while maintaining the lien and enforceability of the Mortgage over the remaining property. Please include the enclosed document in the Official Records accordingly. Thank you for your assistance. Prepared by, and after recording return to: Ileana M. Jerez, Esq. Assistant City Attorney City of Miami 444 S.W. 2nd Avenue Miami, FL 33130-1910 Tel: (305) 416-1800 (Space Reserved for Clerk of the. Court) PARTIAL RELEASE OF MORTGAGE AND OTHER LOAN DOCUMENTS KNOW ALL MEN BY THESE PRESENTS, that Omni Redevelopment District Community Development Agency, its successors and assigns, as mortgagee ("Mortgagee"), is the owner and holder of the following loan documents encumbering the real property as more particularly described in the Mortgage (as defined below) situated in Miami -Dade County, State of Florida (collectively, the "Security Documents"): 1. Amended and Restated Mortgage and Security Agreement for 14th Street Development, I,LC, executed by 14th Street Development, LLC, a Florida limited liability company, in favor of Omni Redevelopment District Community Development Agency, dated December 19, 2025, in the original principal amount of $27,000,000.00, recorded December 23, 2025 in Official Records Book 35087, Page 4016, of the Public Records of Miami -Dade County, Florida. A certain portion of the real property encumbered by the Security Documents is required to be dedicated for right-of-way purposes to Miami -Dade County as more particularly described in Exhibit "A" attached hereto and made part hereof (the "Right of Way Property"). In connection therewith, Mortgagee hereby releases, remises, quit claims, exonerates and discharges the Right of Way Property from the lien and operation of the Security Documents, provided, always, nevertheless, that the rest of the Mortgaged Property described in the Security Documents shall remain encumbered and subject to the lien of the Security Documents, it being expressly understood and agreed that (i) this partial release shall not operate to release or discharge the lien of the Security Documents upon any portion of the Mortgaged Property other than the Right of Way Property or in any way release Mortgagor (or any guarantor) from the obligations and liabilities set forth in the Security Documents and other loan documents, but is only to release the Right of Way Property and none other and (ii) the remaining and unreleased portion of the Mortgaged Property is to remain as security for the payment of the indebtedness which is secured thereby and for the full performance of all the covenants, conditions and obligations contained therein and the obligations secured thereby. IN WITNESS WHREOF, Mortgagee has caused these presents to be executed this (8441 day of r/Ilj 2h , 2026. Signed, sealed and delivered in the presence of: / . o € Print Name: , A i 4Q (&n Lt, Address: ( At (l�um poiei Date: Print Name: eharitt &Odi v Address: NO 1 Al Miami Ave Date: 3/15 /2020 ATTEST: Date: odd Hanrlvn—Ck of the Board (apa,c9 STATE OF fI OY1C1a, CRA: OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY of the City of Miami, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes ("CRA") aaros I. Suarez, Executive Director APPROVED AS TO FORM AND CORRECTNESS: ) SS: COUNTY OF MiQY1�i" �� ) George K. Wysong III, City Attorney (ic0 —5(2) The foregoing instrument was acknowledggd before me by means of ]physical presence or [ ] online notarization this Igo' day of MANLY) , 2026 by CARLOS I. SUAREZ, as Executive Director of OMNI COMMUNITY REDEVELOPMENT AGENCY of the City of Miami, a public agency and body corporate created pursuant to Florida Statutes Section 163.356, on behalf of the agency. He/She is RPersonally known to me or [ ] produced as identification. Notary: Print Na J r 19 ,l]e.Lrs }�icr-rQk Notary Pu lic, State 10 Vi 01 My Commission Expires: Arrj 1 2024. Commission Number: {t1+21 8 3 [Notarial Seal] EXHIBIT "A" Sketch and Legal Description of ROW Dedication EXHIBIT "A" SKETCH AND LEGAL DESCRIPTION LEGAL DESCRIPTION: Right of Way Dedication That portion of Lot 2, Block 16, NORTH MIAMI, (also known as ROBBINS, GRAHAM AND CHILLINGWORTH SUBDIVISION), according to the Plat thereof, as recorded in Plat Book "A" at Page 49 1/2 of the Public Records of Miami —Dade County, Florida, being more particularly described as follows: The external area of a circular curve lying within said Lot 2, being concave to the Southeast, having a radius of 25 feet and tangents which are 30 feet South of and parallel with the centerline of N.E. 15th Street and 35 feet East of and parallel with the centerline of North Miami Avenue. AND The North 5 feet of said Lot 2. AND The West 5 feet of the North 5 feet of the 10 foot alley. Containing approximately 605 square feet. SURVEYOR'S NOTES: CENTERUNE OFJ N.E. 15TH STREET to 35' ci H N.E. 15TH STREET M 94.92' (PUBLIC RIGHT OF WAY) 70.21' tf) RADIUS=25.00' ARC LENGTH=38.98' DELTA=89°20'20" RIGHT OF WAY DEDICATION NORTH LINE OF LOT 2 10H0 8311 OCK 16 5'-� WEST LINE OF LOT 2 89.9' LOT 2 NORTH MIAMI PLAT BOOK "A" PAGE 491/2 LOT 3 — This is not a "Boundary Survey" but only a graphic depiction of the description shown hereon. SURVEYOR'S CERTIFICATION: I hereby certify that this "Sketch and Legal Description" was made under my responsible charge on February 9, 2026, and meets the applicable codes as set forth In the Florida Administrative Code, pursuant to Section 472.027, Florida Statutes. "Not valid without the signature and original raised seal or a digital signature of the Florida Licensed Surveyor and Mapper shown below" FORTIN, LEAVY, SKILES, INC., LB3653 By Daniel C. Fortin Jr., For The Firm Professional Surveyor and Mapper, LS6435 State of Florida. GRAPHIC SCALE 0 15 30 60 ( IN FEET) 1 inch 30 ft. -_-- 5' NOT A BOUNDARY SURVEY Drawn By MAP Cad. No. 260041 Ref. Dwg. 2014-056-5 Plotted: 2/9/26 4:25p SKETCH, LEGAL DESCRIPTION, NOTES & CERTIFICATION FORTIN, LEAVY, S KILES, INC. CONSULTING ENGINEERS, SURVEYORS & MAPPERS FLORIDA CERTIFICATE OF AUTHORIZATION NUMBER: BER: 00003 653 180 Northeast 168th. Street / Worth Miami Beaoh, Florida. 33162 Phone: 305-653-4493 / Fax 305-651-7152 / Email fls@flssurvey.com Date 2/9/26 Scale 1 "=30' Job. No. 260041 Dwg. No. 1026-002-1 Sheet 1 of 1 EXHIBIT "A" SKETCH AND LEGAL DESCRIPTION LEGAL DESCRIPTION: Right of Way Dedication That portion of Lot 12, Block 16, NORTH MIAMI, (also known as ROBBINS, GRAHAM AND CHILLINGWORTH SUBDIVISION), according to the Plat thereof, as recorded in Plat Book "A" at Page 49 1/2 of the Public Records of Miami —Dade County, Florida, being more particularly described as follows: The external area of a circular curve lying within said Lot 12, being concave to the Northwest, having a radius of 25 feet and tangents which are 35 feet North of and parallel with the centerline of N.E. 14th Street and 25 feet West of and parallel with the centerline of N.E. Miami Court. AND The South 10 feet of said Lot 12. AND The East 5 feet of the South 10 feet of the 10 foot alley. Containing approximately 1,180 square feet. • 0 5'-11 J: to' fl CENTERLINE OF N.E. 14TH STREET: LOT 9 0, I911 OO CK 16 99.9' LOT 12 NORTH MIAMI PLAT BOOK "A" PAGE 49112 SOUTH LINE 1 OF LOT 12 80.20' EAST LOT 12AST LINE—Z.N.-1 RADIUS=25.00' ARC LENGTH=38.98' DELTA=89°19'49' RIGHT OF WAY DEDICATION 104.91' 25' W N.E. 14TH STREET (PUBLIC RIGHT OF WAY) SURVEYOR'S NOTES: — This is not a "Boundary Survey" but only a graphic depiction of the description shown hereon. SURVEYOR'S CERTIFICATION: I hereby certify that this "Sketch and Legal Description" was made under my responsible charge on February 9, 2026, and meets the applicable codes as set forth in the Florida Administrative Code, pursuant to Section 472.027, Florida Statutes. "Not valld without the signature and original raised seal or a digital signature of the Florida Licensed Surveyor and Mapper shown below" FORTIN, LEAVY, SKILES, INC., LB3653 By. Daniel C. Fortin Jr., For The Firm Professional Surveyor and Mapper, LS6435 State of Florida. GRAPHIC SCALE 0 15 30 60 ( IN FEET) i inch = 30 ft. NOT A BOUNDARY SURVEY Drawn By MAP Cad. No. 260041 Ref. Dwg. 2014-056-5 Plotted: 2/9/26 4:25p SKETCH, LEGAL DESCRIPTION, NOTES & CERTIFICATION FORTIN, LEAVY, S KILES, INC. CONSULTING ENGINEERS, SURVEYORS & MAPPERS FLORIDA CERTIFICATE OF AUTHORIZATION NUAIBER: 00003653 180 Northeast 168th. Street / North Miami Beach, Florida. 33162 Phone: 305-653-4493 / Fax 305-651-7152 / Email fls@flssurvey.com Date 2/9/26 Scale 1"=30' Job. No. 260041 Dwg. No. 1026-002-2 Sheet 1 of 1 ep