HomeMy WebLinkAbout23835AGREEMENT INFORMATION
AGREEMENT NUMBER
23835
NAME/TYPE OF AGREEMENT
BLOCK 55 RESIDENTIAL, LP
DESCRIPTION
AFFORDABLE HOUSING COVENANT/IMPACT FEE DEFERRAL
REGARDING ELDERLY HOUSING, ROADS & AFFORDABLE
HOUSING/MATTER ID: 21-2646K/#68
EFFECTIVE DATE
ATTESTED BY
TODD B. HANNON
ATTESTED DATE
11/19/2021
DATE RECEIVED FROM ISSUING
DEPT.
3/30/2022
NOTE
This instrument was prepared by:
Name: Carli Koshal, Esq.
Address: Bercow Radell Fernandez Larkin & Tapanes, PLLC
200 S. Biscayne Boulevard, Suite 300
Miami, FL 33131
(Space reserved for Clerk)
AFFORDABLE HOUSING COVENANT
KNOW ALL BY THESE PRESENTS THAT the undersigned owner ("Owner") hereby
makes, declares and imposes on the land herein described, these covenants running with
the title to theland, which shall be binding on the Owner, all heirs, successors, and assigns,.
personal representatives, mortgagees, lessees, and against all persons claiming by,
through or under them;
WHEREAS, Owner holds the fee simple title to the land in Miami -Dade County,
Florida described in Exhibit "A," attached hereto and made a part hereof, hereinafter
called the "Property," which is supported by the attorney's opinion attached as Exhibit
WHEREAS, the Board of County. Commissioners of Miami -Dade County has
adopted the Miami -Dade County Road, Fire, Police, and Parks Impact Fee Ordinances as in
effect on the date hereof (the "Ordinances") Chapters 33E, 33.1, 331, and 33H respectively
of the Code of Miami -Dade County, Florida; and
WHEREAS, the Ordinances exempt from the required payment of impact fee
housing units which provide affordable housing for low and very low income families, as
defined in the Ordinances; and
WHEREAS, Owner seeks a road impact fee exemption pursuant to the Ordinances;
and
WHEREAS, the Miami -Dade County Department of Regulatory and Economic
Resources (the Department) through its Director is given authority to administer and
effectuate the Ordinances; and
WHEREAS, Owner will construct a project in Miami -Dade County to be occupied by
low income families on the Property afore described (the "Project"); and
WHEREAS, OWner has agreed to assure the Department that all 578 residential units
within the Project will be occupied by low income families with monthly rents, or monthly
mortgage payments including taxes and insurance, which do notexceed thirty percent
(30%) of that amount which represents eighty percent (80%) of the median annual income
for households within Miami -Dade County, divided by twelve (12) ("Low Income Housing"),
as required by the Ordinances; and
8,3535
Affordable Housing Covenant
Page 2 of 6
WHEREAS, Owner is submitting this covenant to induce the Director of the
Department to grant an exemption of the aforesaid impact fees in the total amount of the
road impact fees.
NOW THEREFORE, in consideration of the recitals set forth above, which aretrue
and correct and are incorporated herein by this reference and the covenants and
undertakings set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Owner, its successors and assigns, does
hereby covenant and agree as follows:
1. General
A. That the Project shall be occupied on a continuous basis by members of the
general public who comply with the Low Income Housing affordable housing
exemptions of the Ordinances for a time period no less than fifteen (15) years
from the date of this covenant; and
B. That impact fees will become due and payable by the current owner of the
Project at such time it loses its status as a Low Income Housing within fifteen (15)
years from the date of this covenant;
C. Owner shall furnish to the Department a report each year for a period of five
(5) years from the date of this covenant certifying the income of the tenants of
the Project and compliance with the Low Income Housing requirements of this
covenant;
D. In the event Owner sells the Project,, Owner shall provide all documentation as
required by the Director of the Department to prove that the prospective
occupants comply with. the Low Income Housing exemption of the Ordinances.
Upon Department approval of the affordable housing exemption, applicant shall
have the right, upon written request delivered to the Department, to be released
from this covenant.
Termination. Owner, its successors or assigns, shall have the right, upon written request
delivered to the Department, to be released and have the project released from the terms
and conditions contained herein upon tender to Miami -Dade County of the full amount of
the applicable impact fees in effect at the time of the requested release, payable in
accordance with the provisions of the Ordinances.
Covenant Running with the Land. This covenant shall constitute a covenant running with
the residential units on the Property and may be recorded in the Public Records of Miami -
Dade County, Florida, and shall remain in full force and effect and be binding upon Owner
and its successors and assigns until such time as the same is modified or released or as
otherwise provided in this covenant.
Affordable Housing Covenant
Page 3 of 6
Governing Law. This covenant shall be governed by and construed in accordance with the
laws of the State of Florida, both as to substantive rights and those governing remedies.
Notice. Any notice required to be given herein shall be given by personal delivery of by
certified U.S. mail at the address specified below or at such other address as may be
specified in writing by the parties.
DEPARTMENT
Department of Regulatory and
Economic Resources
Stephen P. Clark Center
111 NW 1 Street, Suite 1210
Miami, Florida 33128
ATTN.: Director
OWNER
Block 55 Residential, LP
2901 Florida Avenue, Suite 806
Miami, Florida 33130
Attention: Michael Swerdlow
Severability. If any provision of this covenant shall be invalid, illegal, or unenforceable, the
validity, legality, and enforceability of the remaining provisions shall not be affected or
impaired.
[Execution Pages Follow]
Signed, witnessed, executed and acknowledged this 12 day of a4 , 2021.
BLOCK 55 RESIDENTIAL, LP,
a Florida limited partnership
By: Pacific. Southwest Community
Development Corporation, a California
nonprofit public benefit corporation, its
general partner
Witnesses
By: By: 419
9
Print Name: ,Z '1-4—(- 2._ Name: OE0 i- 41 iev(
Title: P.f 6S/01-Nr /ereivri ire ARictok
B:
Print Name
r
STATE OF eiii ffo RR' )
COUNTY OF j�'IA/ U.7 F41) )SS
The foregoing instrument was acknowledged before me, by means of (k) physical presence or (
) online notarization, this day ofAf' 2021 by ita c1'e /2-7— la '
— of Pacific Southwest Community Development Corporation, a
California nonprofit public benefit corporation, as the general partner of Block 55 Residential, LP,
a Florida limited partnership, on behalf of said entities, who is ( ) personally known to me or (
roduced a valid driver's license as identification.
ELIZABECH L. BLOOM
Notary Public • California x San Diego County
Commission # 2291507 r
My Comm. Expires Jul 1, 2023
My Commission Expires
Notary Public:
Sign Name:
Print Name:
[NOTARIAL SEAL]
Affordable Housing Covenant
Page 5 of 6
Legal Description
Lots 1 through 20;._inclusive, of Block 55 North, Map of Miami, bade Co. Fla; according to the plat
thereof, as recorded' in Plat Book B, Page 41, of the Public Records of Miami -Dade County, Florida;
Tess and except the East,7.5 feet of Lot 20; and further less and except that portion of Lot 10 taken.
by the State Of Florida Department Of Transportation by Order Of Taking recorded in Official
Records Book 5349, Page 129; of the Public Records of Miami -Dade County, Florida, being more -
pa rticulerly described. as follows:
Begin on the West line of said. Lot 10 at a point 14.51 feet South 02°16'16" East from the
Northwest corner thereof; said point being the beginning of a curve concave Southeasterly
having a radius of: 14.5 feet, thence from a tangent bearing of North 02°16'16" West run,
Northwesterly,. Northerly and Northeasterly 22.79 feet along said curve through a central angle
of 90°02'57"to the North line of said Lot 10, thence: Westerly 14,51 feet along said North line to
the Northwest corner of said Lot 10; thence' South 02°16'16" East 14.51 feet along the West line
of said Lot 10 to the Point Of Beginning,
LESS AND EXCEPT:.
A RIGHT-OF-WAY DEDICATION PARCEL BEING A PORTION OF LOT 1 AND. LOTS 10 THROUGH
20, OF BLOCK 55 NORTH, MAP OF MIAMI, DADE CO. FLAT, ACCORDING. TO THE PLAT THEREOF;.
AS RECORDED IN PLAT BOOK B, PAGE 41,OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY,.
FLORIDA; LESS AND EXCEPT THE EAST 7.50 FEET OF SAID LOT 20; AND FURTHER. LESS. AND
EXCEPT THAT PORTION OF SAID LOT 10 TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF
TRANSPORTATION BY ORDER OF TAKING RECORDED IN OFFICIAL RECORDS BOOK 5349, PAGE
129;. OF THE. PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, BEING MORE.
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE.WEST LINE OESAID LOT 1QATA POINT 14.51 FEET SOUTH 02°16'16" EAST FROM
THE NORTHWEST CORNER. THEREOF, SAID POINT BEING THE BEGINNING OF A CURVE
CONCAVE SOUTHEASTERLY HAVING A. RADIUS OF 14.5 FEET, THENCE FROM A TANGENT
BEARING OF NORTH 02°16'16" WEST RUN_ NORTHWESTERLY, NORTHERLY AND
NORTHEASTERLY 22,79 FEET.ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57"
TO THE'NORTH LINE OF SAID LOT 10,.THENCE WESTERLY 14.51 FEET ALONG SAID NORTH LINE,
TO THE NORTHWEST CORNER OF SAID LOT 10, THENCE SOUTH 02°16'16" EAST 14.51 FEET
ALONG THE. WEST LINE OFSAID LOT 10 TO THE POINT OF BEGINNING.,
SAID RIGHT-OF-WAY DEDICATION PARCEL. LYING IN SAID BLOCK 55 NORTH AND BEING
DESCRIBED AS FOLLOWS:
THE EAST 12.50 FEET OF SAID LOT 1.
AND
THE WEST. 10.00 FEET OF SAID LOT 10.
AND
Affordable Housing Covenant
Page 6 of 6
THE WEST 10.00 FEET AND THE SOUTH 10.00 FEET OF SAID LOT 11 AND THE EXTERNAL AREA
OF ACIRCULAR CURVE, LYING WITHIN SAID LOT 11, SAID CIRCULAR CURVE FORMED BY A 25.00
FOOT RADIUS, CONCAVE TO THE NORTHEAST, AND TANGENT TO A LINE 10.00 FEET EAST OF
AND PARALLEL WITH THE WEST LINE OF SAID LOT 11 AND TANGENT TO A LINE 10.00 FEET
NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 11.
AND
THE SOUTH 10.00 FEET OF SAID LOTS 12 THROUGH 19, INCLUSIVE.
AND
THE SOUTH 10.00 FEET AND THE WEST 5.00 FEET OF THE EAST 12.50 FEET OF SAID LOT 20 AND
THE EXTERNAL AREA OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 20, SAID CIRCULAR
CURVE FORMED BY A 25.00 FOOT RADIUS, CONCAVE TO THE NORTHWEST, AND TANGENT TO
A LINE 12.50 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOT 10 AND TANGENT
TO.A LINE 10.00 FEET NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 20.
THE ABOVE DESCRIBED RIGHT-OF-WAY PARCEL SITUATED IN THE CITY OF MIAMI, MIAMI-DADE
COUNTY, FLORIDA AND LAND CONTAINING 10,640 SQUARE FEET MORE OR LESS.
4812-3858-6622, v. 4
JOINDER BY MORTGAGEE
The undersigned CITY OF MIAMI, a municipal corporation of the State of Florida
("Mortgagee"), and mortgagee under that certain Miami Forever Bond Mortgage and Security Agreement
for Sawyer's Walk from Block 55 Residential, LP, a Florida limited partnership, dated August 12, 2021,
recorded August 25, 2021, in Book 32702, Page 915, of the public records of Miami -Dade County, Florida
covering all of the property described in the foregoing Affordable Housing Covenant, does hereby
acknowledge that the terms of the foregoing Covenant are and shall be binding upon the undersigned and
its successors in title.
IN WITNESS WHEREOF, these presents have been executed this day of ,
2021.
ATTEST:
By:
Todd Hannon, City Clerk
Date:
CITY OF MIAMI, a municipal corporation of the State of
Florida
By:
Arthur Noriega V, City Manager
APPROVED AS TO FORM AND APPROVED BY RISK
CORRECTNESS: MANAGEMENT DEPARTMENT:
By:
Victoria Mendez, City Attorney
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
)
) SS:
)
By:
Ann -Marie Sharpe, Director
The foregoing instrument was acknowledged before me, by means of D physical presence or ❑ by
online notarization, this day of , 2021, by Arthur Noriega V, as City Manager of
the City of Miami, a municipal corporation of the State of Florida, on behalf of said municipal corporation.
He is personally known to me or has produced as identification.
Notary Public
Printed Name of Notary Public
My Commission expires:
4828-7351-4494, v. 1
This instrument was prepared by:
Name: Carli Koshal, Esq.
Address: Bercow Radell Fernandez Larkin & Tapanes, PLLC
200 S. Biscayne Boulevard, Suite 300
Miami, FL 33131
(Space reserved for Clerk)
AFFORDABLE HOUSING COVENANT
KNOW ALL BY THESE PRESENTS THAT the undersigned owner ("Owner") hereby
makes, declares and imposes on the land herein described, these covenants running with
the title to the land, which shall be binding on the Owner, all heirs, successors, and assigns,
personal representatives, mortgagees, lessees, and against all persons claiming by,
through or under them;
WHEREAS, Owner holds the fee simple title to the land in Miami -Dade County,
Florida described in Exhibit "A," attached hereto and made a part hereof, hereinafter
called the "Property," which is supported by the attorney's opinion attached as Exhibit
WHEREAS, the Board of County Commissioners of Miami -Dade County has
adopted the Miami -Dade County Road, Fire, Police, and Parks Impact Fee Ordinances as in
effect on the date hereof (the. "Ordinances") Chapters 33E, 33J, 331, and 33H respectively
of the Code of Miami -Dade County; Florida; and
WHEREAS, the Ordinances exempt from the required payment of impact fee
housing units which provide affordable housing for low and very low income families, as
defined in the Ordinances; and
WHEREAS, Owner seeks a road impact fee exemption pursuant to the Ordinances;
and
WHEREAS, the Miami -Dade. County Department of Regulatory and Economic
Resources (the Department) through its Director is given authority to administer and
effectuate the Ordinances; and
WHEREAS, Owner will construct a project in Miami -Dade County to be occupied by
low income families on the Property afore described (the "Project"); and
WHEREAS, Owner has agreed to assure the Department that all 578 residential units
within the Project will be occupied by low income families with monthly rents, or monthly
mortgage payments including taxes and insurance, which do not exceed thirty percent
(30%) of that amount which represents eighty percent (80%) of the median annual income.
for households within Miami -Dade County, divided by twelve (12) ("Low Income Housing"),.
as required by the Ordinances; and
Affordable Housing Covenant
Page 2 of 6
WHEREAS, Owner is submitting this covenant to induce the Director of the
Department to grant an exemption of the aforesaid impact fees in the total amount of the
road, impact fees.
NOW THEREFORE, in consideration of the recitals set forth above, which are true
and correct and are incorporated herein by this reference and the covenants and
undertakings set forth herein, and other good and valuableconsideration, the receipt and
sufficiency of which is hereby acknowledged, Owner, its successors and assigns, does
hereby covenant and agree as follows:
1. General
A. That the Project shall be occupied on a continuous basis by members of the
general public who comply with the Low Income Housing affordable housing
exemptions of the Ordinances for a time period no less than fifteen (15) years
from the date of this covenant; and
B. That impact fees will become due and payable by the current owner of the
Project at such time it loses its status as a Low Income Housing within fifteen (15)
years from the date of this covenant;
C. Owner shall furnish to the Department a report each year for a period of five
(5) years from the date of this covenant certifying the income of the tenants of
the Project and compliance with the Low Income Housing requirements of this
covenant;
D. In the event Owner sells the Project, Owner shall provide all documentation as
required by the Director of the Department to prove that the prospective
occupants comply with the Low Income Housing exemption of the Ordinances.
Upon Department approval of the affordable housing exemption, applicant shall
have the right, upon written request delivered to the Department, to be released
from this covenant.
Termination. Owner, its successors or assigns, shall have the right, upon written request
delivered to the Department, to be released and have the project released from the terms
and conditions contained herein upon tender to Miami -Dade County of the full amount of
the applicable impact fees in effect at the time of the requested release, payable in
accordance with the provisions of the Ordinances.
Covenant Running with the Land. This covenant shall constitute a covenant running with
the residential units on the Property and may be recorded in the Public Records of Miami -
Dade County, Florida, and shall remain in full force and effect and be binding upon Owner
and its successors and assigns until such time as the same is modified or released or as
otherwise provided in this covenant.
Affordable Housing Covenant
Page 3 of 6
Governing Law. This covenant shall be governed by and construed in accordance with the
Taws of the State of Florida, both as to substantive rights and those governing remedies.
Notice. Any notice required to be given herein shall be given by personal delivery of by
certified U.S. mail at the address specified below or at such other address as may be
specified in writing by the parties.
DEPARTMENT
Department of Regulatory and
Economic Resources
Stephen P. Clark Center
111 NW 1 Street, Suite 1210
Miami, Florida 33128
ATTN.: Director
OWNER
Block 55 Residential, LP
2901 Florida Avenue, Suite 806
Miami, Florida 33130
Attention: Michael Swerdlow
Severability. If any provision of this covenant shall be invalid, illegal, or unenforceable, the
validity, legality, and enforceability of the remaining provisions shall not be affected or
impaired.
[Execution Pages Follow]
Signed, witnessed, executed_ and acknowledged this a day of 6Vi, 2021.
BLOCK 55 RESIDENTIAL, LP,
a Florida limited partnership
By: Pacific Southwest Community
Development Corporation, a California
nonprofit publicbenefit corporation, its
general partner
Witnesses
By: By: -/�
Print Name:�� !�—�''Z Name: 4<4t 4 Zit 0N!
Title: %'rdaeb,emrAils 7au4
B.
Print Namea_
STATE OF e_wLJFL7 /-%Y )
COUNTY OF.-54A/ .Ui6-46 )SS
The foregoing instrument was acknowledged bore me, by means of (k) physical presence
) online notarization, this day of�Ct' 2021 by J a c� PS a-7' 44 A
---- of Pacific Southwest Community Development Corporation, a
California nonprofit public benefit corporation, as the general partner of Block 55 Residential, LP,
a Florida limited, partnership, on behalf of said entities, who is ( ) personally known to me or (
roduced a valid driver's license as identification.
ELIZABETH L. BLOOM v
Notary Public : California`
San Diego County
Commission # 2291507
My Comm. Expires Jul 1, 2023
My Commission Expires
r!
Notary Public:
Sign Name:
Print Name: �1
sZA.,1-1 0?14-4-6
z , env ez
[NOTARIAL SEAL]
Affordable Housing Covenant
Page S of 6
Legal Description
Lots' 1 through 20, inclusive, of Block 55 North, Map aMiami, Dade Co. Fla, according to the plat
thereof, as recorded in Plat Book B, Page 41, pf the Public Records of Miami -Dade County, Florida;
less and except the East-7.5feet of Lot 20; and further Tess and except that portion of Lot 10 taken
by the State Of Florida Department Of Transportation by Order OfTaking recorded, in Official
Records Book 5349, Page 129, of the Public Records of Miami -Dade County, Florida, being more
particularly described as follows:
Begin on the West line of .said Lot 10 at a point 14.51 feet South. 02°16'16" East from the
Northwest corner thereof; said point being the beginning of a: curve concave Southeasterly
having a radius of 14.5. feet, thence from a tangent bearing of. North 02°16'16" West run
Northwesterly, Northerly and Northeasterly 22.79 feet along said curve through a central angle
of 90°02'57" to the North line of said Lot 10, thence Westerly 14.51 feet along said North line to
the Northwest corner of said Lot 10, thence South 02°16'16" East 14.51 feet along the West line
of said Lot 10 to the Point Of Beginning.
LESS AND EXCEPT:
A RIGHT-OF-WAY DEDICATION PARCEL BEING A PORTION OF LOT 1 AND. LOTS 10 THROUGH
20, OF BLOCK 55 NORTH, MAP OF MIAMI, DADE CO. FLA.; ACCORDING TO THE PLAT THEREOF,
AS RECORDED IN PLAT BOOK B, PAGE 41, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY,
FLORIDA; LESS AND EXCEPT THE EAST.7,50 FEET OF SAID LOT 20; AND FURTHER. LESS AND
EXCEPT THAT PORTION OF SAID ;LOT 10 TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF
TRANSPORTATION BY ORDEROF TAKING RECORDED IN OFFICIAL RECORDS BOOK 5349, PAGE
129, OF THE PUBLIC. RECORDS OF MIAMI-DADE COUNTY, FLORIDA, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE WEST LINE OF SAID LOT 10 AT A POINT 14.51 FEET SOUTH 02°16'16" EAST FROM
THE NORTHWEST CORNER THEREOF, SAID POINT BEING THE BEGINNING OF A CURVE
CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 14.5 FEET, THENCE FROM A. TANGENT
BEARING OF NORTH 02°16'16" WEST RUN NORTHWESTERLY, NORTHERLY AND
NORTHEASTERLY 22.79 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57"
TO THE NORTH LINE OF SAID LOT 10, THENCE: WESTERLY 14.51 FEET ALONG SAID NORTH LINE.
TO THE NORTHWEST CORNER OF SAID LOT 10, THENCE SOUTH 02°16'16" EAST 14.51 FEET
ALONG THE WEST LINE OF SAID LOT 10 TO THE POINT OF BEGINNING.
SAID RIGHT-OF-WAY DEDICATION PARCEL LYING IN SAID BLOCK 55 NORTH AND BEING
DESCRIBED AS FOLLOWS:
THE EAST 12.50 FEET OF SAID LOT 1.
AND
THE WEST 10.00 FEET OF SAID LOT 10.
AND
Affordable Housing Covenant
Page 6 of 6
THE WEST 10.00 FEET AND THE SOUTH 10.00 FEET OF SAID LOT 11 AND THE EXTERNAL AREA
OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 11, SAID CIRCULAR CURVE FORMED BY A 25.00
FOOT RADIUS, CONCAVE TO THE NORTHEAST, AND TANGENT TO A LINE 10.00 FEET EAST OF
AND PARALLEL WITH THE WEST LINE OF SAID LOT 11 AND TANGENT TO A LINE 10.00 FEET
NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 11.
AND
THE SOUTH 10.00 FEET OF SAID LOTS 12 THROUGH 19, INCLUSIVE.
AND
THE SOUTH 10.00 FEET AND THE WEST 5.00 FEET OF THE EAST 12.50 FEET OF SAID LOT 20 AND
THE EXTERNAL AREA OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 20, SAID CIRCULAR
CURVE FORMED BY A 25.00 FOOT RADIUS, CONCAVE TO THE NORTHWEST, AND TANGENT TO
A LINE 12.50 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOT 10 AND TANGENT
TO A LINE 10.00 FEET NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 20.
THE ABOVE DESCRIBED RIGHT-OF-WAY PARCEL SITUATED IN THE CITY OF MIAMI, MIAMI-DADE
COUNTY, FLORIDA AND LAND CONTAINING 10,640 SQUARE FEET MORE OR LESS
4812-3858-6622, v. 4
JOINDER BY MORTGAGEE
The undersigned CITY OF MIAMI, a municipal corporation of the State of Florida
("Mortgagee"), and mortgagee under that certain Miami Forever Bond Mortgage and Security Agreement
for Sawyer's Walk from Block 55 Residential, LP, a Florida limited partnership, dated August 12, 2021,
recorded August 25, 2021, in Book 32702, Page 915, of the public records of Miami -Dade County, Florida
covering all of the property described in the foregoing Affordable Housing Covenant, does hereby
acknowledge that the terms of the foregoing Covenant are and shall be binding upon the undersigned and
its successors in title.
IN WITNESS WHEREOF, these presents have been executed this day of
2021.
ATTEST:
By:
Todd Hannon, City Clerk
Date:
APPROVED AS TO FORM AND
CORRECTNESS:
By:
Victoria Mendez, City Attorney
STATE OF FLORIDA
) SS:
COUNTY OF MIAMI-DADE
CITY OF MIAMI, a municipal corporation of the State of
Florida
Bv:
Arthur Noriega V, City
APPROVED
MANAGE
By:
Ann -Marie :harp;. Director
The foregoing instrument was acknowledged before me, by means of 0 physical presence or 0 by
online notarization, this day of , 2021, by Arthur Noriega V, as City Manager of
the City of Miami, a municipal corporation of the State of Florida, on behalf of said municipal corporation.
He is personally known to me or has produced as identification.
Notary Public
Printed Name of Notary Public
My Commission expires:
4828-7351-4494, v. 1
This instrument was prepared by:
Maine: Carli Koshal, Esq.
Addressi Bercow Radell Fernandez Larkin & Tapanes, PLLC
200 S. Biscayne Boulevard, Suite 300
Miami, FL 33131
(Space reserved for Clerk),
AFFORDABLE HOUSING COVENANT
KNOW ALL BY THESE PRESENTS THAT the undersigned owner ("Owner") hereby
makes, declares and imposes on the land herein described, these covenants running with.
the title to the land, which shall be binding on the Owner, all heirs, successors, and assigns,
: personal representatives, mortgagees, lessees, and against all persons claiming by,
through or under them;
WHEREAS, Owner holds the fee simple title to the land in Miami -Dade County,
Florida described in Exhibit "A," attached hereto and made a part hereof, hereinafter
called the "Property," which is supported by the attorney's opinion attached as Exhibit
WHEREAS, the Board of County Commissioners. of Miami -Dade County has
adopted the Miami -Dade County Road, Fire, Police, and Parks Impact Fee Ordinances as in
effect on the date hereof (the "Ordinances") Chapters 33E, 33J, 331, and 33H respectively
of the Code of Miami -Dade County, Florida; and
WHEREAS, the Ordinances exempt from the required payment of impact fee
housing units which provide affordable housing for low and very low income families, as
defined in the Ordinances; and
WHEREAS, Owner seeks a road impact fee exemption pursuant to the Ordinances;
and
WHEREAS, the Miami -Dade County Department of Regulatory and Economic
Resources (the Department) through its Director is given authority to administer and
effectuate the Ordinances; and
WHEREAS, Owner will construct a project in Miami -Dade County to be occupied by
low income families on the Property afore described (the "Project"); and
WHEREAS, Owner has agreed to assure the Department that all 578 residential units
within the Project will be occupied by low income families with monthly rents, or monthly
mortgage payments including taxes and insurance, which do notexceed thirty percent
(30%) of that amount which represents eighty percent (80%) of the -median annual income.
for households within Miami -Dade County, divided by twelve (12) ("Low Income Housing"),
as required by the .Ordinances;'and
Affordable Housing Covenant
Page 2 of 6
WHEREAS, Owner is submitting this covenant to induce the Director of the
Department to grant an exemption of the aforesaid impact fees in the total amount of the
road impact fees.
NOW THEREFORE, in consideration of the recitals set forth above, which are true
and correct and are incorporated herein by this: reference and the covenants and
undertakings set forth herein, and.other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Owner, its successors and assigns, does
hereby covenant and agree as follows: •
1. General
A. That the Project shall be occupied on a continuous basis by members of the
general public who comply with the Low Income Housing affordable housing
exemptions.of the Ordinances for a time period no less than fifteen (15) years
from the date of this covenant; and
B. That impact fees will become due and payable by the current owner of the
Project at such time it loses its status as a Low Income Housing within fifteen (15)
years from the date of this covenant
C. Owner shall furnish to the Department a report each year for a period of five
(5) years from the date of this covenant certifying the income of the tenants of
the Project and compliance with the Low Income Housing: requirements of this
covenant;
D. in the event Owner sells the Project,. Owner shall provide all documentation as
required by the Director of the Department to prove that the prospective
occupants comply with the Low Income Housing exemption of the Ordinances.
Upon Department approval of the affordable housing exemption, applicant shall
have theright, upon written request delivered to the Department, to be released
from this covenant.
Termination. Owner, its successors or assigns, shall have the right, upon written request
delivered to the Department, to be released and have the project released from the terms
and conditions contained herein upon tender to Miami -Dade County of the full amount of
the applicable impact fees in effect at the time of the requested release, payable in
accordance with the provisions of the Ordinances.
Covenant Running with the Land. This covenant shall:constitutea covenant running with
the residential units on the Property and may be recorded in the Public Records of Miami -
Dade County, Florida, and shall remain in full force and effect and be binding upon Owner
and its successors and assigns until such time as the same is modified or released or as
otherwise provided in this covenant.
Affordable Housing Covenant
Page 3 of 6
Governing Law. This covenant shall be governed by and construed in accordance with the
laws of the State of Florida, both as to substantive rights and those governing remedies.
Notice. Any notice required to be given herein shall be given by personal delivery of by
certified U.S. mail at the address specified below or at such other address as may be
specified in writing by the parties.
DEPARTMENT
Department of Regulatory and
Economic Resources
Stephen P. Clark Center
111 NW 1 Street, Suite 1210
Miami, Florida 33128
ATTN.: Director
OWNER
Block 55 Residential, LP
2901 Florida Avenue, Suite 806
Miami, Florida 33130
Attention: Michael Swerdlow
Severability. If any provision of this covenant shall be invalid, illegal, or unenforceable, the
validity, legality, and enforceability of the remaining provisions .shall not be affected or
impaired.
[Execution Pages Follow]
Signed, witnessed, executed and acknowledged this day of 6 4 2021.
BLOCK 55 RESIDENTIAL, LP,
a Florida limited partnership
By: Pacific. Southwest Community
Development Corporation, a California
nonprofit public benefit corporation, its
general partner
Witnesses
By: By: fI
449
Print Name: !Le— t-Z Name: 04," / L4INd
Title: rftlief//plc #ir/A recor«'c Dn?6ctok
B:
Print Name o
STATE OF e-41`f f° RAI' M- )
COUNTY OF t54A/ d-6 )SS
j
The foregoing instrument was, acknowledged bef ore me, by means of (k ) physical presence or (
) online notarization, this day oft ! ' 2021 by a• c3 6. IJ
-- -- of Pacific Southwest Community Development Corporation, a
California nonprofit public benefit corporation, as the general partner of Block 55 Residential, LP,
a. Florida limited partnership, on behalf of said entities, who is ( ) personally known to me or (
4roduced a valid driver's license as identification.
ELIZABEfH L. BLOOM
Notary Public • California♦
San Diego County
Commission # 2291507
My Comm. Expires Jul 1, 2023
My Commission Expires
(! A-0
Notary Public:
Sign Name: '� Z2� 7)b
Print Name: e0
[NOTARIAL SEAL]
Affordable Housing Covenant
Page 5 of 6
Legal Description
Lots 1 through 20, inclusive, of Block 55 North, Map of Miami, Dade Co. Fla, according to the plat
thereof, as recorded in Plat Book B, Page 41, of the Public Records of Miami -Dade County, Florida;
less and except the East 7.5 feet of Lot 20; and further less and except that portion of Lot 10 taken
by the State Of Florida Department Of Transportation by Order Of Taking recorded in Official
Records Book 5349, Page 129, of the Public Records of Miami -Dade County, Florida, being more
particularly described as follows:
Begin on the West line of said Lot 10 at a point 14.51 feet South 02°16'16" East from the
Northwest corner thereof, said point being the beginning of a curve concave Southeasterly
having a radius of 14.5 feet, thence from a tangent bearing of North 02°16'16" West run
Northwesterly, Northerly and Northeasterly 22.79 feet along said curve through a central angle
of 90°02'57" to the North line of said Lot 10, thence Westerly 14.51 feet along said North line to
the Northwest corner of said Lot 10, thence South 02°16'16" East 14.51 feet along the West line
of said Lot 10 to the Point Of Beginning.
LESS AND EXCEPT:
A RIGHT-OF-WAY DEDICATION PARCEL BEING A PORTION OF LOT 1 AND LOTS 10 THROUGH
20, OF BLOCK 55. NORTH, MAP OF MIAMI, DADE CO. FLA., ACCORDING TO THE PLAT THEREOF,
AS RECORDED IN PLAT BOOK B, PAGE 41, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY,
FLORIDA; LESS AND EXCEPT THE EAST 7.50 FEET OF SAID LOT 20; AND FURTHER LESS AND
EXCEPT THAT PORTION OF SAID LOT 10 TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF
TRANSPORTATION BY ORDER OF TAKING RECORDED IN OFFICIAL RECORDS BOOK 5349, PAGE
129, OF THE PUBLIC. RECORDS OF MIAMI-DADE COUNTY, FLORIDA, BEING MORE.
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE WEST LINE OF SAID LOT 10 AT A POINT 14.51 FEET SOUTH 02°16'16" EAST FROM
THE NORTHWEST CORNER THEREOF, SAID POINT BEING THE. BEGINNING OF A CURVE
CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 14.5 FEET, THENCE FROM A TANGENT
BEARING OF NORTH 02°16'16" WEST RUN NORTHWESTERLY, NORTHERLY AND
NORTHEASTERLY 22.79 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57"
TO THE NORTH LINE OF SAID LOT 10, THENCE WESTERLY 14.51 FEET ALONG SAID NORTH LINE
TO THE NORTHWEST CORNER OF SAID- LOT 10, THENCE SOUTH 02°16'16" EAST 14.51 FEET
ALONG THE WEST LINE OF SAID LOT 10 TO THE POINT OF BEGINNING.
SAID RIGHT-OF-WAY DEDICATION PARCEL LYING IN SAID BLOCK 55 NORTH AND BEING
DESCRIBED AS FOLLOWS:
THE EAST 12.50 FEET OF SAID LOT 1.
AND
THE WEST 10.00 FEET OF SAID LOT 10.
AND
Affordable Housing Covenant
Page 6 of 6
THE WEST 10.00 FEET AND THE SOUTH 10.00 FEET OF SAID LOT 11 AND THE EXTERNAL AREA
OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 11, SAID CIRCULAR CURVE FORMED BY A 25.00
- FOOT RADIUS, CONCAVE TO THE NORTHEAST, AND TANGENT TO A LINE 10.00 FEET EAST OF
AND PARALLEL WITH THE WEST LINE OF SAID LOT 11 AND TANGENT TO A LINE 10.00 FEET
NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 11.
AND
THE SOUTH 10.00 FEET OF SAID LOTS 12 THROUGH 19, INCLUSIVE.
AND
THE SOUTH 10.00 FEET AND THE WEST 5.00 FEET OF THE EAST 12.50 FEET OF SAID LOT 20 AND
THE EXTERNAL AREA OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 20, SAID CIRCULAR
CURVE FORMED BY A 25.00 FOOT RADIUS, CONCAVE TO THE NORTHWEST, AND TANGENT TO
A LINE 12.50 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOT 10 AND TANGENT
TO A LINE 10.00 FEET NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 20.
THE ABOVE DESCRIBED RIGHT-OF-WAY PARCEL SITUATED IN THE CITY OF MIAMI, MIAMI-DADE
COUNTY, FLORIDA AND LAND CONTAINING 10,640 SQUARE FEET MORE OR LESS
4812-3858-6622, v. 4
JOINDER BY MORTGAGEE
The undersigned CITY OF MIAMI, a municipal corporation of the State of Florida
("Mortgagee"), and mortgagee under that certain Miami Forever Bond Mortgage and Security Agreement
for Sawyer's Walk from Block 55 Residential, LP, a Florida limited partnership, dated August 12, 2021,
recorded August 25, 2021, in Book 32702, Page 915, of the public records of Miami -Dade County, Florida
covering all of the property described in the foregoing Affordable Housing Covenant, does hereby
acknowledge that the terms of the foregoing Covenant are and shall be binding upon the undersigned and
its successors in title.
IN WITNESS WHEREOF, these presents have been executed this ( day of -'-P--724.4-PA.
2021.
ATTEST:
Todd Hanno ,
Date: ‘‘ \c\ ab 1
CITY OF MIAMI, a municipal corporation of the State of
Florida
By:
Arthur Norie_a V, City
APP :: ' D TO FORM AND APPROVED BY
CO
STATE OF FLORIDA
) SS:
COUNTY OF MIAMI-DADE
MANAGEM
Ann -Marie + s e I irec
The foregoing instrument was acknowledged before me, by means of Etchysical presence or 0 by
online notarization, this 19 day of )ta-ve•+tio-424 , 2021, by Arthur Noriega V, as City Manager of
the City of Miami, a municipal corporation of the State of Florida, on behalf of said municipal corporation.
He is personally known to me or has produced as identi ation.
)1KCe-€4.4 J.
Notary Public
-,a4(,4 T. a -)
Printed Name of Notary Public
My Commission expires:
4828-7351-4494, v. 1
111111111111 IhN IIIII IIIII Ilfll lull IIII INI
This instrument was prepared by:
Name Carli Koshal, Esq.
Address: Bercow Radell Fernandez Larkin & Tapanes, PLLC
200 S. Biscayne Boulevard, Suite 300
Miami, FL 33131
CFN 2.021 RC1883725
OR BK 32867 Ps5 2210-2225 (16Pss)
RECORDED 11/23/2021 15:24:04
HARVEY RUVIN, CLERK OF COURT
t1IANI-DARE COUNTY, FLORIDA
(Space reserved for Clerk)
AFFORDABLE HOUSING COVENANT
KNOW ALL BY THESE PRESENTS THAT the undersigned owner ("Owner") hereby
makes, declares and imposes on the land herein described, these covenants running with
the title to the land, which shall be binding on the Owner, all heirs, successors, and assigns,
personal representatives, mortgagees, lessees, and against all persons claiming by,
through or under them;
WHEREAS, Owner holds the fee simple title to the land in Miami -Dade County,
Florida described in Exhibit "A," attached hereto and made a part hereof, hereinafter
called the "Property," which is supported by the attorney's opinion attached as Exhibit
WHEREAS, the Board of County Commissioners of Miami -Dade County has
adopted the Miami -Dade County Road, Fire, Police, and Parks Impact Fee Ordinances as in
effect on the date hereof (the "Ordinances") Chapters 33E, 33J, 331, and 33H respectively
of the Code of Miami -Dade County, Florida; and
WHEREAS, the Ordinances exempt from the required payment of impact fee
housing units which provide affordable housing for low and very low income families, as
defined in the Ordinances; and
WHEREAS, Owner seeks a road impact fee exemption pursuant to the Ordinances;
and
WHEREAS, the Miami -Dade County Department of Regulatory and Economic ,
Resources (the Department) through its Director is given authority to administer and
effectuate the Ordinances; and
WHEREAS, Owner will construct a project in Miami -Dade County to be occupied by
low income families on the Property afore described (the "Project"); and
WHEREAS, Owner has agreed to assure the Department that all 578 residential units
within the Project will be occupied by low income families with monthly rents, or monthly
mortgage payments including taxes and insurance, which do not exceed thirty percent
(30%) of that amount which represents eighty percent (80%) of the median annual income
for households within Miami -Dade County, divided by twelve (12) ("Low Income Housing"),
as required by the Ordinances; and
t_nein 7 fPYAel.(n !"•M.' Liz nnndnon07nt
n,..... 4 ..s 4C
Affordable Housing Covenant
Page 2 of 6
WHERE4S, Owner is submitting this covenant to induce the Director of the
Department to grant an exemption of the aforesaid impact fees in the total amount of the
road impact fees.
NOW THEREFORE, in consideration of the recitals set forth above, which are true
and correct and are incorporated herein by this reference and the covenants and
undertakings set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Owner, its successors and assigns, does
hereby covenant and agree as follows:
1. General
A. That the Project shall be occupied on a continuous basis by members of the
general public who comply with the Low Income Housing affordable housing
exemptions of the Ordinances for a time period no less than fifteen (15) years
from the date of this covenant; and
B. That impact fees will become due and payable by the current owner of the
Project at such time it loses its status as a Low Income Housing within fifteen (15)
years from the date of this covenant
C. Owner shalt furnish to the Department a report each year for a period of five
(5) years from the date of this covenant certifying the income of the tenants of
the Project and compliance with the Low Income Housing requirements of this
covenant;
D. In the event Owner sells the Project, Owner shall provide all documentation as
required by the Director of the Department to prove that the prospective
occupants comply with the Low income Housing exemption of the Ordinances.
Upon Department approval of the affordable housing exemption, applicant shall
have the right, upon written request delivered to the Department, to be released
from this covenant.
Termination. Owner, its successors or assigns, shall have the right, upon written request
delivered to the Department, to be released and have the project released from the terms
and conditions contained herein upon tender to Miami -Dade County of the full amount of
the applicable impact fees in effect at the time of the requested release, payable in
accordance with the provisions of the Ordinances.
Covenant Running with the Land. This covenant shall constitute a covenant running with
the residential units on the Property and may be recorded in the Public Records of Miami -
Dade County, Florida, and shall remain in full force and effect and be binding upon Owner
and its successors and assigns until such time as the same is modified or released or as
otherwise provided in this covenant.
17)....1+•>010G7tn.......nn4 4 f4411f101 f10077nG
Affordable Housing Covenant
Page 3 of 6
Governing Law. This covenant shall be governed by and construed in accordance with the
laws of the State of Florida, both as to substantive rights and those governing remedies.
Notice. Any notice required to be given herein shall be given by personal delivery of by
certified U.S. mail at the address specified below or at such other address as may be
specified in writing by the parties.
DEPARTMENT
Department of Regulatory and
Economic Resources
Stephen P. Clark Center
111 NW 1 Street, Suite 1210
Miami, Florida 33128
ATTN.: Director
OWNER
Block 55 Residential, LP
2901 Florida Avenue, Suite 806
Miami, Florida 33130
Attention: Michael Swerdlow
Severability. If any provision of this covenant shall be invalid, illegal, or unenforceable, the
validity, legality, and enforceability of the remaining provisions shall not be affected or
impaired.
[Execution Pages Follow]
In......I- in in ndLIZel nn A fl 0003
n...... ..r 4LA
Signed, witnessed, executed and acknowledged this a day of an494 , 2021.
BLOCK 55 RESIDENTIAL, LP,
a Florida limited partnership
By: Pacific Southwest Community
Development Corporation, a California
nonprofit public benefit corporation, its
general partner
Witnesses
By: By: � 449
i/
Print Name: Name:Ta'KPt +4 L f /A1{
Title: 117t6Si4Ear/Sret.vri Phtittoik
B'
Print Name
STATE OF G 0'-rfp RA' 01- )
COUNTY OF d5--4" 1"'1 '-6D )SS
J
The foregoing instrument was acknowledged b re me, by means of ( k) physical presence or
) online notarization, this day ofekt 2021 by A
•�"r -" of Pacific Southwest Community Development Corporation, a
California nonprofit public benefit corporation, as the general partner of Block 55 Residential, LP,
a Florida limited partnership, on behalf of said entities, who is ( ) personally known to me or (
4roduced a valid driver's license as identification.
ELIZABETH L. BLOOM
Notary Public • California t
i San Diego County
Commission N 2291507
My Comm. Expires Jul 1.2023
lM Commission Expires
t , ,R-Ogg
Notary Public:
Sign Name:
Print Name:
4Er1J L , 4z>
[NOTARIAL SEAL]
In 7!in_-_nFA o r+rwIJt/1nr]wrinnA7A
_r.A,+
Affordable Housing Covenant
Page 5 of 6
Legal Description
Lots 1 through 20, inclusive, of Block 55 North, Map of Miami, Dade Co. Fla, according to the plat
thereof, as recorded in Plat Book B, Page 41, of the Public Records of Miami -Dade County, Florida;
less and except the East 7.5 feet of Lot 20; and further less and except that portion of Lot 10 taken
by the State Of Florida Department Of Transportation by Order Of Taking recorded in Official
Records Book 5349, Page 129, of the Public Records of Miami -Dade County, Florida, being more
particularly described as follows:
Begin on the West line of said Lot 10 at a point 1451 feet South 02°16'16" East from the
Northwest comer thereof, said point being the beginning of a curve concave Southeasterly
having a radius of 14.5 feet thence from a tangent bearing of North 02°16'16" West run
Northwesterly, Northerly and Northeasterly 22.79 feet along said curve through a central angle
of 90°02'57" to the North line of said Lot 10, thence Westerly 14.51 feet along said North line to
the Northwest comer of said Lot 10, thence South 02'16'16" East 14.51 feet along the West line
of said Lot 10 to the Point Of Beginning.
LESS AND EXCEPT:
A RIGHT-OF-WAY DEDICATION PARCEL BEING A PORTION OF LOT 1 AND LOTS 10 THROUGH
20, OF BLOCK 55 NORTH, MAP OF MIAMI, DADE CO. FLA., ACCORDING TO THE PLAT THEREOF,
AS RECORDED IN PLAT BOOK B, PAGE 41, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY,
FLORIDA; LESS AND EXCEPT THE EAST 7.50 FEET OF SAID LOT 20; AND FURTHER LESS AND
EXCEPT THAT PORTION OF SAID LOT 10 TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF
TRANSPORTATION BY ORDER OF TAKING RECORDED IN OFFICIAL RECORDS BOOK 5349, PAGE
129, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE WEST LINE OF SAID LOT 10 AT A POINT 14.51 FEET SOUTH 02°16'16" EAST FROM
THE NORTHWEST CORNER THEREOF, SAID POINT BEING THE BEGINNING OF A CURVE
CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 14.5 FEET, THENCE FROM A TANGENT
BEARING OF NORTH 02°16'16" WEST RUN NORTHWESTERLY, NORTHERLY AND
NORTHEASTERLY 22.79 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57"
TO THE NORTH LINE OF SAID LOT 10, THENCE WESTERLY 14.51 FEET ALONG SAID NORTH LINE
TO THE NORTHWEST CORNER OF SAID LOT 10, THENCE SOUTH 02°16'16" EAST 14.51 FEET
ALONG THE WEST LINE OF SAID LOT 10 TO THE POINT OF BEGINNING.
SAID RIGHT-OF-WAY DEDICATION PARCEL LYING IN SAID BLOCK 55 NORTH AND BEING
DESCRIBED AS FOLLOWS:
THE EAST 12.50 FEET OF SAID LOT 1.
AND
THE WEST 10.00 FEET OF SAID LOT 10.
AND
Affordable Housing Covenant
Page 6 of 6
THE WEST 10.00 FEET AND THE SOUTH 10.00 FEET OF SAID LOT 11 AND THE EXTERNAL AREA
OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 11, SAID CIRCULAR CURVE FORMED BY A 25.00
FOOT RADIUS, CONCAVE TO THE NORTHEAST, AND TANGENT TO A LINE 10.00 FEET EAST OF
AND PARALLEL WITH THE WEST LINE OF SAID LOT 11 AND TANGENT TO A LINE 10.00 FEET
NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 11.
AND
THE SOUTH 10.00 FEET OF SAID LOTS 12 THROUGH 19, INCLUSIVE.
AND
THE SOUTH 10.00 FEET AND THE WEST 5.00 FEET OF THE EAST 12.50 FEET OF SAID LOT 20 AND
THE EXTERNAL AREA OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 20, SAID CIRCULAR
CURVE FORMED BY A 25.00 FOOT RADIUS, CONCAVE TO THE NORTHWEST, AND TANGENT TO
A LINE 12.50 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID LOT 10 AND TANGENT
TO A UNE 10.00 FEET NORTH AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 20.
THE ABOVE DESCRIBED RIGHT-OF-WAY PARCEL SITUATED IN THE CITY OF MIAMI, MIAMI-DADE
COUNTY, FLORIDA AND LAND CONTAINING 10,640 SQUARE FEET MORE OR LESS
4812-3858-6822, v. 4
JOINDER BY MORTGAGEE
The undersigned CITY OF MIAMI, a municipal corporation of the State of Florida
("Mortgagee"), and mortgagee under that certain Miami Forever Bond Mortgage and Security Agreement
for Sawyer's Walk from Block 55 Residential, LP, a Florida limited partnership, dated August 12, 2021,
recorded August 25, 2021, in Book 32702, Page 915, of the public records of Miami -Dade County, Florida
covering all of the property described in the foregoing Affordable Housing Covenant, does hereby
acknowledge that the terms of the foregoing Covenant are and shall be binding upon the undersigned and
its successors in title.
IN WITNESS WHEREOF, these presents have been executed this / °1 day of A3 € V2-+A-4.4-t
2021.
ATTEST:
Todd Hanndrr, City ' lerk
Date: \ ' k cib'D-- 1
APP
CO
By:
TO FORM AND
City Attorney
ST ` E OF FLORIDA
) SS:
COUNTY OF MIAMI-DADE
CITY OF MIAMI, a munici• - I corporation of the State of
Florida
By.
Arthur Noriega
APPROVED
MANAGE
M
, Director
The foregoing instrument was acknowledged before me, by means of N1 physical presence or 0 by
online notarization, this / 5 day of t nix-rwde. , 2021, by Arthur Noriega V, as City Manager of
the City of Miami, a municipal corporation of the State of Florida, on behalf of said municipal corporation.
He is personally known to me or has produced as id enr 'ication.
My Commission expires:
4828-7351-4494, v. 1
Notary Public
Printed Name of Notary Public
MARIA T. ASON
MY COMMISSION # 00297231
EXPIRES: March 27, 2023
4 an
InCk11tnron n000-7nc n.,.._ ..r 4n_
JOINDER BY MORTGAGEE
The undersigned THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a
national banking association ("Mortgagee"), and mortgagee under that certain First Mortgage, Assignment
of Rents and Leases, Security Agreement and Fixture Filing from Block 55 Residential, LP, a Florida
limited partnership, dated August 12, 2021, recorded August 25, 2021, in Book 32702, Page 849, as
assigned to Mortgagee pursuant to that certain Assignment of First Mortgage and Financing Documents
dated as of August 12, 2021, recorded August 25, 2021, in Book 32702, Page 881, each of the public
records of Miami -Dade County, Florida, covering all of the property legally described in the foregoing
Affordable Housing Covenant, does hereby acknowledge that the terms of the foregoing Covenant shall
be binding upon the undersigned and its successors in title.
IN WITNESS WHEREOF, these presents have been executed this 28th day of October, 2021.
Print Name: Michele R. Shrum
Print Name: Richard Dillard
STATE OF FLORIDA
) SS:
COUNTY OF DUVAL
THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., a national banking association
By:
N �i�•P`�
e: Step nie Greene -Matthews
Title: Vice President
The foregoing instrument was acknowledged before me, by means of physical presence or ❑ by
online notarization, this 28th day of October 2021, by Stephanie Greene -Matthews, as Vice President of
The Bank of New York Mellon Trust Company, N.A., a national banking association, on behalf of said
association. He/she is personally known to me or has produced as identification.
My Commission expires:
4820-1853-1838, v. 1
(um
Notary Public
Printed Name of No ary Public
Ahl-han T r/lpr
NATHAN TURNER
MY COMMISSION 0G290182
EXPIRES: January 09, 2023
A-_L/]nn/n-7/PY-II/lA-7
OPINION OF TITLE
To: Miami -Dade County, a municipal corporation
With the understanding that this Opinion of Title is furnished to Miami -Dade County, a municipal
corporation, as an inducement for acceptance of a Affordable Housing Covenant restricting the real property
hereinafter described, it is hereby certified that we have examined the Owner's Policy of Title Insurance issued by
First American Title Insurance Company under Policy No. 5011412-0875405e with an effective date of August
25, 2021 at 04:53:22 p.m. and that certain Attorneys' Title Insurance Fund Services, LLC ATIDS search from
August 25, 2021 through September 23, 2021 at 11:00 p.m. (collectively, the "Title Evidence"), which Search
covers the period from the beginning of time to September 23, 2021 at 11:00 p.m., inclusive, with respect to the
Property described in Exhibit "A" attached hereto.
Basing our opinion solely on the aforesaid Title Evidence covering said period, we are of the opinion that
on the last mentioned date, the fee simple title to the Property was vested in:
Block 55 Residential, LP, a Florida limited partnership
Further, based solely on the on-line records of www.sunbiz.org as of October 12, 2021, Robert W. Laing,
as President/Executive Director of Pacific Southwest Community Development Corporation, a California
nonprofit public benefit corporation, as general partner of Bock 55 Residential, LP, a Florida limited partnership,
is authorized to enter into that certain Affordable Housing Covenant.
Subject to the following liens, encumbrances, and other exceptions:
1. RECORDED MORTGAGE:
(a) First Mortgage, Assignment of Rents and Lease, Security Agreement and Fixture Filing from Block
55 Residential, LP, a Florida limited partnership, to Housing Finance Authority of Miami -Dade
County, Florida, and The Bank of New York Mellon Trust Company, N.A., as note trustee, dated
August 12, 2021, recorded August 25, 2021, in Book 32702, Page 849, as assigned by that certain
Assignment of First Mortgage Documents from Housing Finance Authority of Miami -Dade
County, Florida, to The Bank of New York Mellon Trust Company, N.A., as bond trustee, dated
August 12, 2021, recorded August 25, 2021 in Book 32702 Page 881, securing unto the insured
lender indebtedness in the original face amount of $200,000,000.00.
(b) Miami Forever Bond Mortgage and Security Agreement from Block 55 Residential, LP, a
Florida limited partnership, to City of Miami, dated August 12, 2021, recorded August 25, 2021 in
Book 32702, Page 915; as affected by Subordination and Partial Release Agreement among Housing
Finance Authority of Miami -Dade County, Florida, The Bank of New York Mellon Trust Company,
N.A., City of Miami, and Block 55 Residential, LP, dated August 12, 2021, Recorded August 25,
2021 in Book 32702, Page 936.
2. RECORDED MECHANICS LIENS, CONTRACT LIENS AND JUDGMENTS:
None.
4835-4669-0302 v_1
156079/00020
3. GENERAL EXCEPTIONS:
(a) All taxes or assessments for the year 2021 and all subsequent years.
(b) Rights of parties in possession other than the above owner.
(c) Facts that would be disclosed by an accurate survey of the Property.
(d) Any unrecorded laborer's, mechanics' or materialmens' liens and municipal liens.
(e) Zoning and other restrictions imposed by governmental authority.
(f) Any adverse claim to any portion of said land which has been created by artificial means or has
accreted to any such portion so created and riparian rights, if any.
4. SPECIAL EXCEPTIONS:
(a) Reservation of an undivided three -fourths interest in, and title in and to an undivided three -fourths
interest in, all the phosphate, minerals, and metals that are or may be in, on, or under the said land
and an undivided one-half interest in all the petroleum that is or may be in, on, or under said land
with the privilege to mine and develop the same in accordance with Section 270.11(1), Florida
Statutes in favor of the City of Miami by virtue of Warranty Deed recorded in Official Records
Book 17064, Page 152, without right of entry.
Agreement for Water and Sanitary Sewer Facilities between Miami -Dade County and Southeast
Overtown/Park West Community Redevelopment Agency recorded in Official Records Book
31514, Page 1200.
Block 55 Restrictive Covenant recorded September 11, 2020 in Official Records Book 32095, Page
3457, affected by Certificate of Compliance Southeast Overtown/Park West Community
Redevelopment Agency, dated August 12, 2021 and recorded August 25, 2021 in Official Records
Book 32702, Page 98.
(d) Housing Restrictive Covenant Agreement recorded September 11, 2020 in Official Records Book
32095, Page 3520, affected by Approval of Transfer Southeast Overtown/Park West Community
Redevelopment Agency, dated August 12, 2021 and recorded August 25, 2021 in Official Records
Book 32702, Page 97, and as assigned and assumed by that certain Assignment and Assumption
Agreement between Block 55 Owner, LLC, as Assignor and Block 55 Residential, LP, as Assignee,
dated August 12, 2021, recorded August 25, 2021, in Official Records Book 32702, Page 845.
(b)
(c)
(e)
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Unrecorded Lease as evidenced by Memorandum of Lease dated September 4, 2020, as amended,
by and between Block 55 Owner, LLC, a Florida limited liability company, Landlord and Target
Corporation, a Minnesota corporation, Tenant filed of record September 11, 2020, in Book 32095,
Page 3546, and Amendment to Memorandum of Lease recorded April 19, 2021 in Book 32445,
Page 4817, Public Records of Miami -Dade County, Florida; as affected by Subordination, Non -
Disturbance and Attornment Agreement recorded August 25, 2021 in Official Records Book 32702,
Page 985.
(g)
Unrecorded Lease as evidenced by Memorandum of Lease dated September 1, 2020, as amended,
by and between Block 55 Owner, LLC, a Florida limited liability company, Landlord and Aldi
(Florida) L.L.C., a Florida limited liability company, Tenant filed of record September 11, 2020,
in Book 32095, Page 3556, Public Records of Miami -Dade County, Florida; as affected by
Subordination, Non -Disturbance and Attornment Agreement recorded August 25,2021 in Official
Records Book 32702, Page 995.
Notice of Establishment of the Sawyer's Landing Community Development District recorded in
Official Records Book 32341, Page 1533.
Unrecorded Lease as evidenced by Memorandum of Lease dated April 29, 2021, by and between
Block 55 Owner, LLC, a Florida limited liability company, Landlord and Burlington Coat Factory
Warehouse Corporation, a Florida corporation, Tenant filed of record July 15, 2021, in Book
32623, Page 3316, Public Records of Miami -Dade County, Florida; as affected by Subordination,
Non -Disturbance and Attornment Agreement recorded August 25,2021 in Official Records Book
32702, Page 1004.
(j) Land Use Restriction Agreement by and among the Housing Authority of Miami -Dade County,
Florida, Biock 55 Residential, LP, a limited partnership formed and The Bank of New York Mellon
Trust Company, N.A., a national banking association, dated August 12, 2021, recorded August 25,
2021 in Book 32702, Page 812,
(k) Reservations of development rights as set forth in that certain Special Warranty Deed from Block
55 Owner, LLC to Block 55 Residential, Ltd., dated August 12, 2021, recorded August 25, 2021
in Book 32702, Page 99.
(1) Air Rights Easement Agreement by and among by and between Block 55 Owner, LLC, a Florida
limited liability company, its successors and or/assigns, and Sawyer's Landing Community
Development District, a local unit of special purpose government duly organized and existing under
the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida
Statutes, as amended, Section 1.01(A)(21) of the Miami -Dade Home Rule Charter, approved by
Resolution No. R-20-0086 of the City Commission of the City of Miami, Florida, adopted on March
12, 2020, and created pursuant to Ordinance No. 21-2, enacted by the Board of County
Commissioners of Miami -Dade County, Florida on January 20, 2021 and becoming effective on
January 30, 2021, dated August 12, 2021, recorded, August 25, 2021 in Book 32700, Page 2170;
as affected by Subordination and Partial Release Agreement among Housing Finance Authority
of Miami -Dade County, Florida, The Bank of New York Mellon Trust Company, N.A., City of
Miami, and Block 55 Residential, LP, dated August 12, 2021, recorded August 25, 2021 in Book
32702, Page 936, as affected by Subordination, Non -Disturbance and Attornment Agreement by
and among Block 55 Owner, LLC Sawyers Landing Community Development District, and Target
Corporation recorded, August 25, 2021 in Official Records Book 32700, Page 2217 as affected by
as affected by Subordination, Non -Disturbance and Attornment Agreement by and among Biock
55 Owner, LLC Sawyers Landing Community Development District, and Aldi's recorded August
25, 2021 in Official Records Book 32700, Page 2223; as affected by as affected by Subordination,
Non -Disturbance and Attainment Agreement by and among Block 55 Owner, LLC Sawyers
Landing Community Development District, and Burlington Coat Factory Warehouse recorded
August 25, 2021 in Official Records Book 32700, Page 2229; as affected by as affected by
Subordination, Non -Disturbance and Attomment Agreement by and among Block 55 Owner, LLC
Sawyers Landing Community Development District, and Five Below recorded August 25, 2021
4835-4669-0302 v_1
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(m)
in Official Records Book 32700, Page 2235; as affected by as affected by Subordination, Non -
Disturbance and Attomment Agreement by and among Block 55 Owner, LLC Sawyers Landing
Community Development District, and Ross Dress for Less, Inc. recorded August 25, 2021 in
Official Records Book 32700, Page 2243.
Air Rights Easement Agreement by and among by and between Block 55 Owner, LLC, a Florida
limited liability company, its successors and or/assigns, and Block 55 Org Owner, LLC, a Florida
limited liability company, dated August 12, 2021, recorded August 25, 2021 in Book 32702, Page
4.
(n) Declaration of Consent to Jurisdiction of The Sawyer's Landing Community Development District
(Imposition of Special Assessments, and Imposition of Lien of Record); and Mortgagee
Acknowledgement of District's Special Assessment Lien by and between Block 55 Owner, LLC
and Housing Finance Authority of Miami -Dade County, Florida, dated August 12, 2021, recorded
August 25, 2021 in Book 32702, Page 59.
(o) Lien of Record of Sawyer's Landing Community Development District by Sawyer's Landing
Community Development District, dated August 12, 2021, recorded August 25, 2021 in Book
32702, Page 68.
(p) Collateral Assignment and Assumption of Certain Development Rights Relating to Sawyer's
Landing by Block 55 Owner, LLC, in favor of Sawyer's Landing Community Development
District, dated August 12, 2021, recorded August 25, 2021 in Book 32702, Page 71.
(q) True -Up Agreement by and between Sawyer's Landing Community Development District and
Block 55 Owner, LLC, dated August 12, 2021, recorded August 25, 2021 in Book 327402, Page
84.
(r) Unrecorded Lease dated April 14, 2021, by and between Block 55 Owner, LLC, a Florida limited
liability company, Landlord and Five Below, Inc., a Pennsylvania corporation, Tenant; as affected
by Subordination, Non -Disturbance and Attomment Agreement recorded August 25, 2021 in
Official Records Book 32702, Page 1014.
(s) Unrecorded Lease dated August 1, 2021, by and between Block 55 Owner, LLC, a Florida limited
liability company, Landlord and Ross Dress for Less, Inc., Tenant; as evidenced by that certain
Memorandum of Lease dated August 12, 2021, recorded, August 25, 2021 in Book 32700, Page
2145, affected by Subordination, Non -Disturbance and Attomment Agreement recorded August
25, 2021 in Official Records Book 32702, Page 1025.
(t) Declaration of Restrictive Covenants recorded August 4, 2021 in Official Records Book 32661,
Page 2561.
(u) Declaration of Restrictive Covenants for Sawyer's Walk (Miami Forever Bond Funds) by Block
55 Residential, LP in favor of the City of Miami dated August 12, 2021, recorded August 25, 2021
in Book 32702, Page 987.
(v) Rent Regulatory Agreement for Sawyer's Walk by Block 55 Residential, LP in favor of the City
of Miami dated August 12, 2021, recorded August 25, 2021 in Book 32702, Page 905.
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Notice of Commencement recorded August 25, 2021 in Book 32702, Page 1034.
Notice of Commencement recorded August 25, 2021 in Book 32702, Page 1061.
Notice of Commencement recorded August 27, 2021 in Book 32705, Page 410.
All of the recording information contained herein refers to the Public Records of Miami -Dade County,
Florida.
Therefore, it is our opinion that the following parties must join in the execution of the Affordable Housing
Covenant, as applicable with Miami -Dade County, covering the real property described herein.
NAME
INTEREST
SPECIAL EXCEPTION NO.
Block 55 Residential, LP, a
Florida limited partnership
Owner
N/A
The Bank of New York Mellon
Trust Company, N.A.
Mortgagee
I (a)
The City of Miami
Mortgagee
I (b)
I, the undersigned, further certify that I am an attorney -at -law duly admitted to practice in the State of
Florida and am a member in good standing of the Florida Bar.
[SIGNATURE PAGE OF OPINION OF TITLE ON NEXT PAGE]
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[SIGNATURE PAGE OF OPINION OF TITLE]
Respectfully submitted this
day of October, 2021.
NELSON MUD RAEY & SCARBOROUGH LLP
By:
Name: 'stopher Staller
Florida Bar No. 684813
Address: Nelson Mullins Riley & Scarborough LLP
1905 NW Corporate Blvd., Suite 310
Boca Raton, FL 33431
Tel: 561-483-7000
STATE OF FLORIDA )
) SS:
COUNTY OF PALM BEACH )
The foregoing instrument was acknowledged before me by means of physical presence or
online notarization, this ISO-Nday of October, 2021 by Christopher Staller, who is personally
known to me and did take an oath.
:►k, SHANNON N. AUSTIN
1/4 A: • MY COMMISSION# Fri 049333
EXPIRES: January 25. 2025
8006W Thu Nobly Pub3ctlatienNNIbr$
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Print - Siannt nPOS-hin
Print Name.•
Notary Public, State of Florida
Commission No.:
My Commission Expires:
i]v_ _ A A C A n
EXHIBIT "A"
Legal Description
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF MIAMI-DADE, STATE OF FLORIDA, AND
DESCRIBED AS FOLLOWS:
LOTS 1 THROUGH 20, INCLUSIVE, OF BLOCK 55 NORTH, MAP OF MIAMI, DADE CO. FLA., ACCORDING TO THE PLAT
THEREOF, AS RECORDED IN PLAT BOOK B, PAGE 41, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA;
LESS AND EXCEPT THE EAST 7.5 FEET OF LOT 20; AND FURTHER LESS AND EXCEPT THAT PORTION OF LOT 10
TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION BY ORDER OF TAKING RECORDED IN
OFFICIAL RECORDS BOOK 5349, PAGE 129, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, BEING
MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE WEST LINE OF SAID LOT 10 AT A POINT 14.51 FEET SOUTH 02°16'16" EAST FROM THE NORTHWEST
CORNER THEREOF, SAID POINT BEING THE BEGINNING OF A CURVE CONCAVE SOUTHEASTERLY HAVING A
RADIUS OF 14.5 FEET, THENCE FROM A TANGENT BEARING OF NORTH 02°16'16" WEST RUN NORTHWESTERLY,
NORTHERLY AND NORTHEASTERLY 22.79 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57" TO
THE NORTH LINE OF SAID LOT 10, THENCE WESTERLY 14.51 FEET ALONG SAID NORTH LINE TO THE NORTHWEST
CORNER OF SAID LOT 10, THENCE SOUTH 02° 16' 16" EAST 14.51 FEET ALONG THE WEST LINE OF SAID LOT 10 TO THE
POINT OF BEGINNING.
LESS AND EXCEPT:
ROW LESS OUT LEGAL DESCRIPTION:
THOSE PORTIONS OF LOT 1 AND LOTS 10 THROUGH 20, OF BLOCK 55N, MAP OF MIAMI, DADE CO. FLA., ACCORDING
TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK B, PAGE 41, OF THE PUBLIC RECORDS OF MIAMI-DADE
COUNTY, FLORIDA; LESS AND EXCEPT THE EAST 7.50 FEET OF SAID LOT 20; AND FURTHER LESS AND EXCEPT THAT
PORTION OF SAID LOT 10 TAKEN BY THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION BY ORDER OF
TAKING RECORDED IN OFFICIAL RECORDS BOOK 5349, PAGE 129, OF THE PUBLIC RECORDS OF MIAMI-DADE
COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN ON THE WEST LINE OF SAID LOT 10 AT A POINT 14.51 FEET SOUTH 02°16'16" EAST FROM THE NORTHWEST
CORNER THEREOF, SAID POINT BEING THE BEGINNING OF A CURVE CONCAVE SOUTHEASTERLY HAVING A
RADIUS OF 14.5 FEET, THENCE FROM A TANGENT BEARING OF NORTH 02°16'16" WEST RUN NORTHWESTERLY,
NORTHERLY AND NORTHEASTERLY 22.79 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°02'57" TO
THE NORTH LINE OF SAID LOT 10, THENCE WESTERLY 14.51 FEET ALONG SAID NORTH LINE TO THE NORTHWEST
CORNER OF SAID LOT 10, THENCE SOUTH 02°16'16" EAST 14.51 FEET ALONG THE WEST LINE OF SAID LOT 10 TO THE
POINT OF BEGINNING.
SAID RIGHT-OF-WAY DEDICATION PARCEL LYING IN SAID BLOCK 55N AND BEING DESCRIBED AS FOLLOWS:
THE EAST 12.50 FEET OF SAID LOT I.
AND
THE WEST 10.00 FEET OF SAID LOT 10.
AND
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THE WEST 10.00 FEET AND THE SOUTH 10.00 FEET OF SAID LOT 11 AND THE EXTERNAL AREA OF A CIRCULAR
CURVE, LYING WITHIN SAID LOT 11, SAID CIRCULAR CURVE FORMED BY A 25.00 FOOT RADIUS, CONCAVE TO THE
NORTHEAST, AND TANGENT TO A LINE 10.00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF SAID LOT 11
AND TANGENT TO A LINE 10.00 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 11.
AND
THE SOUTH 10.00 FEET OF SAID LOTS 12 THROUGH 19, INCLUSIVE.
AND
THE SOUTH 10.00 FEET AND THE WEST 5.00 FEET OF THE EAST 12.50 FEET OF SAID LOT 20 AND THE EXTERNAL
AREA OF A CIRCULAR CURVE, LYING WITHIN SAID LOT 20, SAID CIRCULAR CURVE FORMED BY A 25.00 FOOT
RADIUS, CONCAVE TO THE NORTHWEST, AND TANGENT TO A LINE 12.50 FEET WEST OF AND PARALLEL WITFI THE
EAST LINE OF SAID LOT 20 AND TANGENT TO A LINE 10.00 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE
OF SAID LOT 20.
THE ABOVE DESCRIBED PORTIONS ARE SITUATED IN THE CITY OF MIAMI, MIAMI-DADE COUNTY, FLORIDA.
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