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HomeMy WebLinkAbout24643AGREEMENT INFORMATION AGREEMENT NUMBER 24643 NAME/TYPE OF AGREEMENT PLATFORM 3750 II, LLC DESCRIPTION CONSENT OF MORTGAGEE (FOURTH MORTGAGE - HOME LOAN)/FOREGOING DECLARATION OF COVENANTS, RESTRICTIONS & SHARED FACILITIES EASEMENTS/MATTER ID: 23-1578/#16 EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 10/23/2023 DATE RECEIVED FROM ISSUING DEPT. 11/3/2023 NOTE CITY OF MIAMI DOCUMENT ROUTING FORM a,4101.4J ORIGINATING DEPARTMENT: Housing and Community Development DEPT. CONTACT PERSON: Maria T. Ason EXT. 1971 NAME OF OTHER CONTRACTUAL PARTY/ENTITY: Platform 3750 II, LLC IS THIS AGREEMENT A RESULT OF A COMPETITIVE PROCUREMENT PROCESS? ❑ YES ® NO TOTAL CONTRACT AMOUNT: $ o FUNDING INVOLVED? ❑ YES ® NO TYPE OF AGREEMENT: 0 MANAGEMENT AGREEMENT ❑ PROFESSIONAL SERVICES AGREEMENT 0 GRANT AGREEMENT ❑ EXPERT CONSULTANT AGREEMENT ❑ LICENSE AGREEMENT Aka ❑ PUBLIC WORKS AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ INTER -LOCAL AGREEMENT ❑ LEASE AGREEMENT ❑ PURCHASE OR SALE AGREEMENT OTHER: (PLEASE SPECIFY) Consent/Joinder for the Declaration of Covenant Restrictions and Shared Facilities Easements. PURPOSE OF ITEM (BRIEF SUMMARY): Execution consent/ioinder in connection with the above -referenced Declaration of Covenants for the Platform 3750 project, an affordable housing project funded with City funds. COMMISSION APPROVAL DATE:- / / FILE ID: ' N/A ENACTMENT NO.: H-DHE IF THIS DOES NOT REQUIRE COMMISSION APPROVAL, PLEASE EXPLAIN: Property is subject to a ground lease with Miami Dade County. The Declaration establishes the rules, restrictions, shared facilities among tenants (residential and commercial) as well as easements.. ROUTING INFORMATION Date PLEAS P JNT AND SIGN APPROVAL BY DEPARTMENTAL DIRECTOR I ° e 0 George,MerSah 1 o ran \ ' / SIGNATURES ' l SUBMITTED TO RISK MANAGEMENT Ann -Marie., Shk SIGNATURE: SUBMITTED TO CITY ATTORNEY 0 / ( (2.., ? Victoria`Mendez : _ --.. `' rt '�,` SIGNATURE , ---->G ---- APPROVAL BY ASSISTANT CITY MANAGER PRINT: '` SIGNATURE: RECEIVED BY CITY MANAGER Art Noriega j SIGNATURE: Y_J 1) ONE ORIGINAL TO CITY CLERK, 2) ONE COPY TO CITY ATTORNEY'S OFFICE, 3) REMAINING ORIGINAL(S) TO ORIGINATING DEPARTMENT 1 3 / 3 PRINT: M,4 -41.6- -- 1 , , i a'& SIGNATURE: Y'�L.�`� PRINT: SIGNATURE: PRINT: SIGNATURE: PLEASE ATTACH THIS ROUTING FORM TO AL EXECUTION BY THE CITY MANAGER CONSENT OF MORTGAGEE (Fourth Mortgage — HOME loan) THIS CONSENT OF MORTGAGEE is given as of the day of , 2023, by City of Miami, a municipal corporation of the State of Florida ("Mortgagee"), being the owner and holder of that certain Leasehold Mortgage and Security Agreement dated January 11, 2021 from Platform 3750 II, LLC, a Florida limited liability company, as Mortgagor, to Mortgagee in the aggregate original principal amount of $1,948,000.00, recorded January 29, 2021, in Official Records Book 32322 at Page 134, of the Public Records of Miami -Dade County, Florida. WHEREAS, Mortgagor has requested Mortgagee to consent to the recording of the foregoing Declaration of Covenants, Restrictions and Shared Facilities Easements for Platform 3750 (the "Declaration"). NOW, THEREFORE, Mortgagee consents to the recordation of the Declaration. Mortgagee makes no warranty or any representation of any kind or nature concerning the Declaration, any of its terms or provisions, or the legal sufficiency thereof, and disavows any such warranty or representation as well as any participation in the development of "Platform 3750" (the "Properties"), and does not assume and shall not be responsible for any of the obligations or liabilities of the developer contained in the Declaration or in any other documents issued in connection with the promotion of all or any portion of the Properties. None of the representations contained in any documents issued in connection with the promotion of all or any portion of the Properties shall be deemed to have been made by Mortgagee, nor shall they be construed to create any obligation on Mortgagee to any person relying thereon. This consent is limited to the purposes expressly set forth herein, and does not affect or impair the rights and remedies of Mortgagee as set forth in the Mortgage or in the Declaration. [Signatures and acknowledgements are on the following page.] CITY OF MIAMI, a municipal corporation of the State of Florida By: Print Name: Arth r Norie Name: Al.A.4 ss( SIN -R.' Title: City Manager ATTEST: Todd B. Hannon Miami City Clerk By: Name: Deputy Clerk STATE OF FLORIDA ) SS: COUNTY OF -}CAL, Address: 444 SW 2rid Avenue Miami, Florida 33130 ApproXgd as to form and legal sufficiency: By: Print Na ictoria Mendez, E Title: City Attorney p 3 - I S/S The foregoing joinder was acknowledged before me, by means of I l physical presence or ❑ online notarization, this \I) day of C4c114{ , 2023, by Arthur Noriega V, as C y-Manager of City of Miami, a municipal corporation of the State of Florida. Such person is personally known to me or produced a driver's license as identification. i SANORA GILBERT MY COMMISSION # HH 112572 EXPIRES: April 20, 2025 FOs.ct?.• Bonded Thru Notary Public Underwriters 1 J i Notary Public, State of Florida a4 V43 #11629622 vl