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Home My WebLink About23367AGREEMENT INFORMATION AGREEMENT NUMBER 23367 NAME/TYPE OF AGREEMENT NR INVESTMENTS 11, LLC DESCRIPTION AMENDMENT ECONOMIC INCENTIVE AGREEMENT FOR MIXED -USE AND MIXED -INCOME PROJECT EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 4/9/2021 DATE RECEIVED FROM ISSUING DEPT. 4/26/2021 NOTE Prepared By: Kristofor W. Nelson Esq. General Counsel N.R. Group Management, Inc. 1111 Park Centre Boulevard, Suite 450 Miami, Florida 33169 After recording return to: Victoria Mdndez, Esq. City Attorney, City of Miami 444 S.W. 2nd Avenue Miami, FL 33.130-1910 Tel: (305) 416-1800 AMENDMENT ECONOMIC INCENTIVE AGREEMENT FOR MIXED -USE AND MIXED -INCOME PROJECT This an amendment to the original Economic Incentive Agreement for Mixed -Use and Mixed -Income Project dated May 21st, 2020 and recorded on June 5th, 2020 bi Official Records Book 31961, Page 2616 and Clerk's File Number 20200318803 of the Public Records of Miami -Dade County, Florida to assign the rights and obligations to NR Investments 11, LLC's parent and sole member, UN1 17th Street, LLC. THIS AMENDMENT OF THE ECONOMIC INCENTIVE AGREEMENT FOR MIXED - USE AND MIXED -INCOME PROJECT ("Amendment") is entered into this .day of April, 2021, between NR INVESTMENTS 11, LLC, a Florida limited liability company ("NR 11"), its parent company and sole member, UNI 17th STREET, LLC, a Florida limited liability company ("UNI") , and their assigns or successors in interest, with their principal office located at 1111 Park Centre Boulevard, Suite 450, Miami Gardens, Florida 33169 and the 01VINI COMMUNITY REDEVELOPMENT AGENCY, a public agency and body corporate created by the City of Miami (the "at") in 1987 pursuant to Florida Statutes Section 163.356, with a principal office located at 1401 N. Miami Avenue, 2' Floor, Miami, Florida 33136 (hereinafter the "CRA") modifies that certain Economic Incentive Agreement For Mixed -Use and Mixed - Income Project executed on May 21', 2020 and recorded on June 5, 2020 in Official Records Book 31961, Page 2616 and Clerk's File Number 20200318803 of the Public Records of Miami- _ Dade County, Florida (the "Economic Incentive Agreement"). RECITALS: WHEREAS, NR 11 transferred the Project including fee simple title to the underlying real estate property located at 70 NE 17th Street, 90 NE 17th Street and 1642 NE 1st Avenue, Miami, Florida (the legal descriptions of such properties are attached hereto as Exhibit A) to its sole member and parent company, UNI. As a result, NR 11 wishes to assign and UNI wishes to assume all of the rights, interests and obligations in the Economic Incentive Agreement. NOW, THEREFORE, in consideration of the foregoing and of the covenants and agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, NR 11 and UNI and the CRA hereby agree as follows: 1. Recitals. The Recitals to this Agreement are incorporated herein by reference and made a part hereof. 2. Capitalized Terms. All capitalized terms not specifically defined herein will have the meanings ascribed to them in the Economic Incentive Agreement: 3. All Other_ _Terms and Rights Unchanged. Unless expressly modified by this Amendment; all other terms, conditions and rights remain in or created by the Economic Incentive Agreement remain unchanged. 4. Assignment and Assumption. NR 11 hereby assigns and UNI hereby assumes all rights, interests and obligations included in the Economic Incentive Agreement as amended herein. 5. Recordation. This Amendment shall be filed of record among the. Public Records of Miami -Dade County; Florida, at the sole cost and expense of the Developer within fifteen (15) calendar days after all partieshave executed this Amendment: 6. Counterparts: Electronic Signatures. This Amendment may be executed in any number of counterparts; each of which shall be deemed an original, but all of which shall constitute one and the same instrument. Facsimile, .pdf and other electronic signatures to this Amendment shall have the same effect as original signatures. THIS AMENDMENT has been executed and delivered as of the dayand year first above written. . SIGNATURE PAGES FOLLOW REMAINING PORTION OF THIS PAGE INTENTIONALLY LEFT BLANK IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their undersigned officials as duly authorized. NR 11: NR INVESTMENTS 11, LLC, a Florida limited liability company: WITNESSES: STATE OF FLORIDA COUNTY OF MIAMI-DADE Terry Wellons e: Manager ACKNOWLEDGEMENT } The foregoing instrumentwas acknowledged before me by means of tillysical presence or 0 online notarization, this 31 day of March, 2021, by Terry Wellons, as Manager of NR Investments 11, LLC, a Florida limited liability company, onbehalf of the limited liability company, who is personally own to me orhas produced as identification. eZ Notary Public, State My Commission Expires: UNI: UNI 17th Street, LLC, a Florida . limited WITNESSES: liability com STATE OF FLORIDA COUNTY OF MIAMI-DADS By: Name: %erry Wellons Title. Manager ACKNOWLEDGEMENT ). The foregoing instrument was, acknowledged before me. by means of 0"physical presence or l7 online notarization, this N .. day. of March, 2021, by Terry Wellons, as Manager of UNI 17`h Street, LLC, a Florida limited liability company., on behalf of the limited liability company, who is personally own to Inc or has produced as identification. Notary Public, State of Florida My Commission Expires: Date: IN WITNESS WHEREOF, the parties hereto have caused this AMENDMENT to be executed by their undersigned officials as duly authorized. ATTEST: Todd Hannon, CYer -ef1he Board ot I o.03-t__ APPROVED AS TO INSURANCE REQUIREMENTS j Ann -Marie Sharpe Director of Risk Management CRA: OMNI COMMUNITY REDEVELOPMENT AGENCY, a public agency and body corporate created by the City of Miami pursuant to Florida Statutes Section 163.356 ("CRA") By: Jason Wer, Executive Director APPROVED AS TO FORM AND CORRECTNESS Victoria h1 ndez General Counsel RFA *21-370 Exhibit A Legal Description of the Properties at 70 NE 17th Street, 90 NE.17t! Street and 1642 NE 1st Avenue, Miami, Florida Full_Legal Description Parcel 1: Lot 1, less the North:10 feet; and the East 10 feet, Block 8, Robbins, Graham and Chillingsworth Addition North Miami, according to the Plat thereof, as recorded in Plat Book "A", Page 49 1/2; of the Public Records of Miami -Dade County, Florida, together with the East 1/2 of the 10 foot vacated alley, right of way adjacent to and abutting the West line of said Lot 1, less the North 10 feet. Parcel 2: Lots 3 and 4, less the East 10 feet of Lot 4, Block 8, Robbins, Graham and Chillingsworth Addition North Miami, according to the Plat thereof, recorded in Plat Book "A", Page 49 1/2, of the Public Records of Miami -Dade County, Florida, together with that portion of the 10 foot vacated alley. right of way situated between said Lots 3 and 4. Parcel 3: Lot 2, less the North 10 feet, Block 8, of Robbins, Graham and Chillingsworth Addition North Miami, according to the Plat thereof, as recorded in Plat Book "A", Page 49 1/2, of the Public Records of.Miatni-Dade County, Florida and the Westerly 5 feet of a 10 foot alley vacated by City of Miami Ordinance No. 13492 "Mas Index" 23H10 Ordinance and Vacation recorded in Official Records Book 29757, Page 1686, Official Records Book 29778, Page 3598, Official Records Book 29877, Page 4214 and in Official Records Book 30125, Page 2511, all of the PublicRecords of Miami -Dade County, Florida,. lying adjacent to Lot 2, Block .8, of Robbins, Graham and Chillingsworth Addition North Miami, according to the Plat thereof, as recorded in Plat Book "A", Page 49 1/2, of the Public Records of .Miami -Dade County, Florida, and being bound of the North by an extension of a liiie 10 feet Southerly of the North boundary line of Lot 2, Block 8, extending Easterly for 5 feet and on the South by an extension of the Southerly boundary line of Lot 2, Block 8, Easterly for 5 feet. .