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HomeMy WebLinkAboutSubmittal -Draft Development Agreement - 11-14-2018NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING As OF 11-14-18 This Instrument was Prepared by, and After Recording Should be Returned to: A. Vicky Leiva, Esq. Bilzin Sumberg Baena Price & Axelrod, LLP 1450 Brickell Avenue, Suite 2300 Miami, Florida 33131 DEVELOPMENT AGREEMENT BETWEEN THE CITY 0 MIAMI, FLORIDA AND SPV REALTY, LC REGARDING DEVELOPMENT OF ® SIDE RIDGE SPECIAL AREA PLAN This Development Agreement (the "Agreement") executed this day of 2018, between SPV Realty LC, a Florida limited liability company ("Owner") and the City of Miami, Florida, a Florida municipal corporation and a political subdivision of the State of Florida (the "City"). The Owner and the City are each a "Party" and are colt ctively referred to herein as the "Parties." WHEREAS, the Owner is the fee simple owner of 22.47 acres of property in the City of Miami, Florida, legally described in the attached Exhibit "A" and generally bounded by: (a) NE 54th Street on the north; (b) the FEC Railway on the east; (c) Block 3 of the Sabal Palm Plat recorded at Plat Book 46, Page 66 (of the Public Records of Miami -Dade County, Florida), and NE 2nd Avenue on the west; and (d) the Replat of the North One Half of Tract 9, All of Tracts 10, 11, and 12 of the Revised Plat of Brentwood as recorded at Plat Book 47, Page 20 of the Public Records of Miami -Dade County, Florida (the "Property"); and WHEREAS, the Property is located in an Enterprise Zone in which the City envisions sustained economic growth through County and State -offered tax incentives; and WHEREAS, the Property's location at the southwest corner of the intersection of NE 54 Street and the FEC Railway, and the Property's close proximity to Biscayne Boulevard make it well suited to support greater future development; and WHEREAS, the Parties wish to ensure that future development of the Property acknowledges the Property's proximity to Little Haiti; and WHEREAS, the South Florida Regional Transportation Authority (the "SFRTA") has identified the intersection of NE 54 Street and the FEC Railway as an ideal location for a future station along its planned "Tri-Coastal Link" passenger rail line; and WHEREAS, the Property's location abutting the Tri-Rail Coastal Link railway will allow for efficient access via fixed -rail public transportation, making the Property ideally situated to provide heightened density and intensity commensurate with a transit -oriented development node; and MIAMI 6083 591.1 83885/87055 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING WHEREAS, the City wishes to encourage future growth around transportation nodes such as railroad stations and other transit corridors; and WHEREAS, the Property is designated Low -Density Multifamily on the City's Future Land Use Map and is zoned Urban Center (T5) as illustrated in Exhibit "B"; and WHEREAS, Section 3.9 of the City's zoning ordinance ("Miami 21") allows for unified properties consisting of more than nine acres in size to be master planned as a Special Area Plan to allow greater integration of public improvements and infrastructure, and greater flexibility so as to result in higher or specialized quality building and streetscape design within the Special Area Plan; and WHEREAS, on July 18, 2016, the Owner filed`"' .plications with the City to modify the Property's land use designation and for approval of the Eastside Ridge Special Area Plan (the "SAP") in order to regulate Redevelopment of the Property as a mixed -use transit -oriented neighborhood and activity node consisting of residential, office, retail, medical, and civic uses; and WHEREAS, Redevelopment of the Property consistent with the SAP will create initial and recurring fiscal benefits for the City including temporary and permanent jobs as well as an increased tax base; and ®®® WHEREAS, the Parties wish for Redevelopment of the Property to proceed under the regulations established in the SAP Regulating Plan and Design Guidelines attached as Exhibit "C" and consistent with the Miami Comprehensive Neighborhood Plan (the "Comprehensive Plan") and Miami 21 where the SAP Regulating Plan and Design Guidelines are silent; and WHEREAS, as a condition to the approval of the SAP, Miami 21 Section 3.9.1(f) requires that the Owner enter into a Development Agreement; and WHEREAS, "The Florida Local Government Development Agreement Act," as codified in Sections 163.3220 through 163.3243 of the Florida Statutes (2018), authorizes local governments to enter into development agreements with any person or entity having a legal or equitable interest in real property located within the local government's jurisdiction, and the Parties intend that this Agreement be consistent with the requirements of said Act; and WHEREAS, assurance to the Owner that it may proceed in accordance with the existing laws and policies, subject to the conditions of a Development Agreement, strengthens the public planning process, encourages sound planning and financing of capital improvements, assists in assuring there are adequate capital facilities for Redevelopment of the Property, encourages private participation in comprehensive planning, and reduces economic costs of development; and WHEREAS, the City Commission pursuant to Ordinance No. , adopted , 2018 has authorized the City Manager to execute this Agreement upon the terms MIAMI 6083591.1 83885/87055 2 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING and conditions set forth below, and the Owner is duly authorized to execute this Agreement upon the terms and conditions set forth below. NOW THEREFORE, in consideration of the mutual covenants contained herein, it is hereby understood and agreed: 1. Recitals, Exhibits. The above recitals and the exhibits referenced in this Agreement are true and correct, and are incorporated into and made a part hereof. 2. Consideration. The Parties hereby agree that the consideration and obligations recited and provided for in this Agreement constitute substantial benefits to the Parties and thus are adequate consideration for this Agreement 3. Rules of Legal Construction. For all expressly provided: ses of thiseement, unless otherwise (a) A defined term has the meaning assign ea to it; (b) Words in the singular include the plural, and words in the plural inc � . i p 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; (e) The Parties agree that this Agreement shall not be more strictly construed against either the City or the Owner, as both Parties are drafters of this Agreement; and (f) The attached exhibits shall be deemed adopted and incorporated into this Agreement; provided however that this Agreement shall be deemed to control in the event a conflict between the attachments and this Agreement. 4. Definitions. Capitalized terms which are not specifically defined herein shall have the meaning given to them in Miami 21. "Affordable Housing" shall have the same meaning currently attributed to the term under Miami 21 and shall mean an owner -occupied and/or rental dwelling unit with a purchase cost, value, or monthly rent, as applicable, equal to or less than the amounts established by the applicable standards for those individuals whose income is at or below 60 percent of Area Median Income as published by the United States Department of Housing and Urban Development and certified by the City's Department of Community and Economic Development. "Agreement" means this Development Agreement between the City and the Owner. "Certified Minority Enterprise" means an enterprise certified by Miami -Dade County as a Community Business Enterprise ("CBE"); a Community Small Business Enterprise ("CSBE"); a Black Business Enterprise ("BBE"); a Disadvantaged Business Enterprise MIAMI 6083591.1 83885/87055 3 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING ("DBE"); an Hispanic Business Enterprise ("HBE"); or a Small Business Enterprise ("SBE"); all as generally described in Section 2-8, et seq. of the Miami -Dade County Code of Ordinances. "City" means the City of Miami, a municipal corporation of the State of Florida, and all departments, boards, committees, agencies and instrumentalities subject to and jurisdiction thereof. "City Charter" means the municipal Charter of the City of Miami. "City Code" or "Code" means the Code of Ordinances of the City of Miami. "City Manager" means the City Manager or his or her designee. "Comprehensive Plan" means the comprehensive plan known as the Miami Comprehensive Neighborhood Plan, ("MCNP") adopted by the City pursuant to Chapter 163, Florida Statutes (2017), meeting the requirements of Section 1 3.3177, Florida Statutes; Section 163.3178, Florida Statutes and Section 163.3221(2);iorida Statutes, which are in effect as of the Effective Date of the Agreement. "Consumer Price Index" or "CPI" means the Consumer Price Index for All Urban Consumers, U.S. City Average, for all items, 1982-84 = 100 as published by the United States Department of Labor on its website at http://www.bls.gov/cpi. "County" means 1Vami-Dade County, a . olitical subdivision of the State of Florida. "Design Guidelines" means the City Commission -adopted set of drawings, diagrams, and tables that guide future development within the SAP Area. Together with the Regulating Plan and this Agreement, the Design Guidelines provide, among other things, the information required by Miami 21 Section 3.9.1(c) through (h). The Design Guidelines are commonly known as the "Concept Book." "Development" means the carrying out of any building activity, the making of any material change in the use or appearance of any structure or land, or dividing of land into three (3) or more parcels and such other activities described in Section 163.3221(4), Florida Statutes (2017). "Development Permit" includes any building permit, zoning approval, subdivision approval, replatting, rezoning, certification, special exception, variance, Waiver, Warrant, Exception, or any other official action of local government having the effect of permitting the development of land. MIAMI 6083591.1 83885/87055 4 of 3l NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING "Effective Date" is the date or recordation of the executed, original version of this Agreement. "Encroachment" includes any improvement to the Property by the Owner or a fixture to such an improvement, or any portion of such an improvement or fixture that: (a) is located on, over, within, or beneath real property owned or operated by the City, the County, or which is otherwise dedicated as part of the public right- of-way or Pubic Open Space; and (b) has been authorized by the relevant local government(s) pursuant to applicable laws and a permit issued separate and apart from this Agreement or the SAP. "Existing Zoning" is (a) Miami 21 Code, effective May 2010, as amended, specifically including the Eastside Ridge SAP Regulating Plan and Design Guidelines (see Exhibit C), and (b) the Land Development Regulations specified in the Charter and City Code as of the Effective Date. "Florida Local Government Development Agreement Act" shams can Sections 163.3220 through 163.3243 of the Florida Statutes (2018). "Land Development Regulations" mean those laws and policies of the City that regulate any aspect of development including zoning, subdivision, building construction, or sign regulations or any other such regulation controlling the development of land and specifically including Chapters 4, 10, 13, 22, 23, 36, 54, 55 and 62 of the Code. "Laws" means all ordinances, resolutions, regulations, comprehensive plans, land development regulations, and rules adopted by a local or state government affecting the development of land. "Little Haiti Area" the area within the following metes and bounds: Beginning at the intersection of Northeast 54th Street and Northeast 4th Avenue, travelling westward along the midblock line between Northeast 54th Street and the street parallel to the south, until it meets Interstate I-95, then travelling northward along the center line of Interstate I-95, until meeting the boundary of the City of Miami, then turning and traveling eastward along the midblock line to include the frontage of Northwest 79th Street, until reaching North Miami Avenue, then travelling northward along North Miami Avenue until it reaches the Little River, then travelling eastward, following the northern boundary of the City of Miami along the Little River, until reaching Northeast 2nd Avenue, then travelling southward along the midblock line between Northeast 2nd Avenue and the street running parallel to the east, to include the eastern frontage of Northeast 2nd Avenue, until reaching the northern boundary of Little Haiti Park, then following MIAMI 6083591.1 83885/87055 5 of 3l NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING the park boundary until reaching Northeast 4th Avenue, then travelling south along the center line of Northeast 4th Avenue until the beginning "Miami 21" means City of Miami Ordinance 13114, effective May 2010, as amended through January 2018. "Owner" means SPV Realty, LC, a Florida limited liability company and its successors and assigns. "Park Impact Fee" means the parks and recreate �a� `� act fee provided for in Sections 13-7 and 13-12 of the City Code. "Park Land" means those portions of the Property identified in the SAP as "Civic Space Park" on Sheet B-4 of the Design Guidelines. "Phase 1 Construction," "Phase 2 Construction," etc. means the stage of development of the Property pursuant to the SAP as described in Sheet A-11 of the Design Guidelines. "Planning Director" means the Director of the City's Planning and Zoning Department or his or her designee. "Property" means the approximately 22.47 acres of real property in the City of Miami, Florida, legally described in the attached Exhibit "A" and generally bounded by: (a) NE 54th Street on the north; (b) the FEC Railway on the east; (c) Block 3 of the Sabal Palm Plat recorded at Plat Book 46, Page 66 (of the Public Records of Miami -Dade County, Florida), and NE 2nd Avenue on the west; and (d) the Replat of the North One Half of Tract 9, All of Tracts 10, 11, and 12 of the Revised Plat of Brentwood as recorded at Plat Book 47, Page 20 of the Public Records of Miami -Dade County, Florida. The capitalized term "Property" is used interchangeably with the term "SAP Area." "Public Benefit Contributions" means the contributions required pursuant to Miami 21, Section 3.9, provided for in Miami 21, Section 3.14 and the SAP, and described in Section 13 of this Agreement. Such Public Benefits Contributions include, among others, Workforce and Affordable Housing, transportation improvements, and dedicated Open and Civic Spaces. "Public Facilities" means major capital improvements, including, but not limited to, transportation, sanitary sewers, solid waste, drainage, potable water, educational, parks and recreational, streets, parking and health systems and facilities. "Public Open Spaces" collectively means those certain areas within the Property described on pages C-1 and D-9 of the Design Guidelines, set aside by the Owner for use MIAMI 6083591.1 83885/87055 6 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING as public Open Space and/or open Civic Space, and consisting of a combined area of approximately 294,945 square feet. "Redevelopment of the Property" means all construction required to improve the Property in accordance with the SAP. Redevelopment of the Property does not include any construction or improvements not authorized by the SAP. "Regulating Plan" means the City Commission -approved set of land development regulations that supersede standard transect regulations provided in Miami 21. Together with the Design Guidelines and this Agreement, the Regulating Plan provides the information required by Miami 21 Section 3.9.1(c) through (h). "SAP Area" is used interchangeably with the capitalized term, "Property." "Special Area Plan" or "SAP" means the Eastside Ridge Special Area Plan, including the Regulating Plan and Design Guidelines. "Special Area Plan Permit" or "SAP Permit" means the review procthrough which SAP development phases or elements of the SAP requiring additional review as identified in the Regulating Plan or this Agreement are reviewed and approved, approved with conditions, or denied by the Planning Director. Site plan approval for each SAP phase shall be completed by SAP Permit. "Workforce Housing" shall have the same meaning •°currently attributed to the term under Miami 21 and shall mean a Dwelling Unit, owner -occupied and/or rental housing with a purchase cost, value, or monthly rental rate, as applicable, equal to or less than the amounts established by the applicable standards for those individuals whose income is between 60 percent and 140 percent of the Area Median Income as published by the United States Department of Housing and Urban Development and the City's Department of Community and Economic Development. 5. Purposes. The purposes of this Agreement are: a. To satisfy the requirements of Miami 21 Section 3.9.1(f) by, among other things, providing for the creation and retention of certain public benefits; b. In satisfying the requirements of Miami 21 Section 3.9.1(f), to authorize Redevelopment of the Property; and c. To provide Owner assurance that it may proceed with the development of the Property in accordance with the SAP and existing laws and policies as of the Effective Date consistent with the Florida Local Government Development Agreement Act. MIAMI 6083591.1 83885/87055 7 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 6. Intent. The Parties intend for this Agreement to be construed and implemented so as to effectuate the purposes of the SAP Regulating Plan and Design Guidelines, this Agreement, the Comprehensive Plan, Miami 21 where the SAP Regulating Plan and Design Guidelines are silent, the City Charter, the City Code, and the Florida Local Government Development Agreement Act. 7. Applicability. This Agreement only applies to the Property identified in Exhibit "A." 8. 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 extended automatically for successive periods of ten (10) years unless released in writing by the City and the then owners of the Property after a public hearing before the City Commission and shall be recorded in the public records of Miami -Dade County by the Owner 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 of the Florida Statutes (2017). 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 Owner, its respective successors, assigns, heirs, legal representatives, and personal representatives. If the Property or any portion thereof is submitted to condominium ownership pursuant to the Florida Condominium Act, Chapter 718, Florida Statutes (2018), then the association or other entity designated to represent the condominium ownership interests as to the Property, as may be applicable, shall be the proper party or parties to execute any such release for properties in a condominium form of ownership. 9. Land Use and Zoning Designations. Pursuant to City Ordinances and , and in accordance with applicable legal requirements, the City has designated the Property "Restricted Commercial" on the City's Future Land Use Map, and "Eastside Ridge SAP" on the City's official Zoning Atlas. The SAP provides for deviations from commonly applicable provisions of Miami 21. In approving the SAP, the City has determined that the use, Intensit s, and Densities of development permitted thereunder are consistent with the Comprehensive Plan, and are compatible with abutting zoning designations and surrounding development. 10. Density, Intensity, Uses, Building Heights and Open Space. a. As of the Effective Date, and pursuant to the SAP, the Density and Intensity proposed for the SAP are permitted by the Existing Zoning and are consistent with the Comprehensive Plan. b. As of the Effective Date and pursuant to the SAP, the Uses proposed for the Property are permitted by the Existing Zoning and are consistent with the Comprehensive Plan. MIAMI 6083591.1 83885/87055 8 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING c. As of the Effective Date and pursuant to the SAP, the Heights proposed for the Property are permitted by the Existing Zoning and are consistent with the Existing Zoning and are consistent with the Comprehensive Plan. 11. Future Development. a. Controlling Regulations. The Property shall be developed as provided in the Comprehensive Plan and Existing Zoning, including the SAP Regulating Plan, Design Guidelines, and this Agreement as each exists as of the Effective Date. b. SAP Permit. Future phases of the SAP shall be reviewed and approved pursuant to the procedures of the SAP Permit. See SAP Permit definition in this Agreement. c. Area -Wide Standards. Density, Intensity, Civic Space, and Open Space are governed on a SAP -wide basis rather than on a site -specific basis. i. As development proceeds on individual building sites, I welling Units and/or floor area will be absorbed and the SAP -wide totals will be reduced. SAP -wide Civic and Open Space totals consisting of common open space delineated and developed at the commencement of development of the SAP shall be increased as site -specific open space areas are developed counted. All remaining regulations, including all other building disposition requirements, are applied on a site -specific basis within sites identified in the SAP Design Guidelines. Covenant in Lieu of Unity of Title. The Owner shall enter into a Covenant in Lieu of Unity of Title covering the entire Property prior to any redevelopment activities on any portion of the Property. e. Amendments, Generally.`- Any modifications to this Agreement shall be approved in accordance with the SAP. 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 (2017), have been made after thirty (30) days written notice to the Owner, and at a public hearing. f. Amendments by Owner. Nothing in this Agreement shall prohibit the Owner from requesting a change of zoning or amendment of the SAP pursuant to Article 7 of Miami 21 to modify the Density, Intensity, Uses or Heights permitted under the SAP. MIAMI 6083591.1 83885/87055 9 of 3l NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 12. Prohibition on Downzoning. a. During the term of this Agreement, changes to the Comprehensive Plan or Existing Zoning taking legal effect after the Effective Date shall not apply to the Property unless: i. The determinations required by Section 163.3233(2) of the Florida Statutes (2017) have been made; ii. The City has provided the Owner at least thirty days' written notice of its intent to apply such regulations; and iii. Approval by the City after a public heari as otherwise provided by Chapter 163 of the Florida Statutes, and then only after the City has provided thirty days' written notice to the Owner. b. In accordance with Section 163.3245(3) Florida Statutes (2018) this prohibition on downzoning supplements, rather than supplants, any rights that may vest to the Owner under Florida or Federal laws. As a result, the Owner may challenge any subsequently adopted changes to land development regulations based on: i. Common law principles including, but not limited to: equitable estoppel, vested rights, and contractual rights; ii. Statutory rights which may accrue by virtue of Chapter 70, Florida Statutes (2018), or any other Florida, or Federal statute(s); or iii. The Miami -Dade C unty Code or laws of the City. 13. Public Benefit Contributions. In accordance with Miami 21 Section 3.9.1(f), the Owner hereby agrees to create and retain the public benefits identified in this Section. The public benefits set forth in this Section may serve to satisfy the public benefits identified in the SAP or the in -kind public benefit contributions identified in Miami 21, Section 3.14. The public benefits set forth in this Section may be provided in phases as and when the various portions of the SAP are developed. a. Promoting the Little Haiti Community. The Little Haiti community faces a series of economic and social challenges including a pressing need for affordable housing, educational opportunities, small business growth, and assistance with immigration services to preserve unity. Owner, as an existing member of the community, wishes to assist Little Haiti's residents confront those challenges as follows: MIAMI 6083591.1 83885/87055 10 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING i. Capital Contribution. Owner agrees to invest an amount up to and not to exceed $10,000,000 (the "Capital Contribution") subject to the terms of this Section. ii. Use of Capital Contribution. Use of the Capital Contribution will be governed by an initial charter overseen by a seven -member board, with four (4) members to be appointed by the Owner and three (3) members to be appointed by the then City Commissioner for the district in which the Property is located. The purposes for which the Capital Contribution may be used will be limited to the following categories, to be further defined by the appointed board: 1. Affordable Housing 2. Advancing Educational Opportunities 3. Promoting Haitian -Owned & Operated BTU= ®ss 4. Promoting Haitian Culture, Art, and Langua 5 Immigration and Naturalization Assistance iii. Contribution Commensurate with Number of Units Approved. Owner's Capital Contribution will be commensurate with the total number of dwelling units that are authorized to be constructed at the property. The Owner's Comprehensive Plan and SAP applications propose a maximum of 3,370 dwelling units. If the SAP is approved with less than 3,300 of the proposed dwelling units, the Capital Contribution will be reduced as follows: . By $1,500 per unit for each unit below a total of 3,300 units 2. By $2,000 per unit for each unit below a total of 3,000 units 3. By $4,500 per unit for each unit below a total of 2,800 units 4. By $7,375 per unit for each unit below a total of 2,300 units Installments. The Capital Contribution shall be made in installments as follows: a. SAP Approval. $500,000 or 5% will be paid after the City Commission approved the proposed Comprehensive Plan, SAP and Development Agreement, and all applicable appeal periods expire. b. Phase 1 Development Approval. $500,000 or 5% will be paid after the City issues necessary development approvals for Phase 1 construction and applicable appeal periods expire. MIAMI 6083591.1 83885/87055 11 of31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING c. Phase 1 Building Permit. $750,000 or 7.5% will be paid after the City issues a Building Permit for construction of Phase 1 and applicable appeal periods expire. d. Phase 1 Certificate of Occupancy. $1,000,000 or 10% will be paid after the City issues final Certificate of Occupancy for construction of Phase 1 and any applicable appeal periods expire. e. Phase 2 Development Approval. $500,000 or 5% will be paid after the City issues necessary development approvals for Phase 2 construction and applicable appeal periods expire. £ Phase 2 Building Permit. $750,000 or 7.5% will be paid after the City issues a Building Permit for construction of Phase 2 and applicable appeal periods expire. Phase 2 Certificate of Occupancy. $1,000,000 or 10% will be paid after the City issues final Certificate of Occupancy for construction of Phase 2 and any applicable appeal periods expire. h. Phase 3 Development Approval. $500,000 or 5% will be paid after the City issues necessary development approvals for Phase 3 construction and applicable appeal periods expire. i. Phase 3 Building Permit. $1,000,000 or 10% will be paid after the City issues a Building Permit for construction of Phase 3 and applicable appeal periods expire. Phase 3 Certificate of Occupancy. $1,000,000 or 10% will be paid after the City issues final Certificate of Occupancy for construction of Phase 3 and any applicable appeal periods expire. k. Phase 4 Development Approval. $500,000 or 5% will be paid after the City issues necessary development approvals for Phase 4 construction and applicable appeal periods expire. g. Phase 4 Building Permit. $1,000,000 or 10% will be paid after the City issues a Building Permit for construction of Phase 4 and applicable appeal periods expire. m. Phase 4 Certificate of Occupancy. $1,000,000 or 10% will be paid after the City issues final Certificate of Occupancy for construction of Phase 4 and any applicable appeal periods expire. v. Community Leadership. The use of Capital Contribution funds will be directed and supervised by a board made up of representatives of the Little MIAMI 6083591.1 83885/87055 12 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING Haiti community to be appointed by the Owner and the then City Commissioner for the district in which the Property is located. To serve on the governing board, all individuals must demonstrate active involvement in promoting the social and economic welfare of the Little Haiti community. Vacancies on the foundation's governing board will be filled by the Owner and the City Commissioner. vi. Management. To ensure that the Capital Contribution is efficiently managed and to encourage transparency and accountability, daily management and supervision of the Capital Contribution shall be managed by an established community foundation serving Miami. vii. Within City Limits. Use of funds will be limited to projects located within the Little Haiti Nam• borhd Enhancement Team ("NET") District. viii. Operating Costs. The costs of forming the board, creating and recording governing documents, establishing contracts with a community foundation, and all future operations of the board's management of the Capital Contribution shall be paid out of the Capital Contribution. ix. Contributions by Others. The Capital Contribution may be augmented by contributions from others provided, however, that the initial Capital Contribution remain subject to all terms of this Paragraph 13(a). . Job Creation and Employment Opportunities. i. "Tiered Priority Areas." As further described in paragraph 13, several employment opportunities will be offered according to "Tiered Priority Areas." These are areas of the City and Miami -Dade County where opportunities will be extended for a specified period time or until specified targets are satisfied. Opportunities will be extended to persons residing in the first priority area, then the second priority area, and so forth until hiring goals are satisfied. The Tiered Priority Areas are: MIAMI 6083591.1 83885/87055 1. First priority: Little Haiti Area and the portions of the following zip codes located within the City of Miami: 33127, 33137, 33138, and 33150 2. Second priority: Southeast Overtown Park West Redevelopment Area 13 of31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 3. Third priority: Zip codes 33128, 33130, 33134, 33142, 33125, 33135, and that portion of the zip codes 33133 and 33146 commonly known as "West Coconut Grove" 4. Fourth priority: Areas of the City not identified subparagraphs a-c above. The above priority list is referred to herein as the "Tiered Priority Areas." Each individual priority area is referred to as the first Tiered Priority Area, the second Tiered Priority Area, and so on. ii. Hiring Goals: Construction Jobs. Owner shall comply with the following subcontractor participation requirements and laborer participation requirements (the "Participation Requirements") with respect to the Redevelopment of the Property: MIAMI 6083591.1 83885/87055 1. Subcontractor Participation. a. The Owner shall require their general contractor(s) to assign a minimum of 5% of the construction contract value to subcontractors that are Certified Minority Enterprise(s). For purposes of calculating the subcontractor participation, the percentage of participation shall be calculated based upon the numerator being the dollar value of all subcontracts given to subcontractors and the denominator being the total dollar value of all subcontracts entered into by the general contractor(s) over the entire course of the Property's redevelopment pursuant to the SAP. Additionally, the Owner shall require their general contractor(s) to use all commercially reasonable efforts to hire qualified subcontractors in accordance with the Tiered Priority Areas by first seeking subcontractor(s) having offices in the first Tiered Priority Area, before expanding their search to the second area, and so forth. The Owner's general contractor(s) shall attempt to fulfill this requirement within the first priority area for at least one month before expanding its search to lower priority areas. The general contractor(s) may expand from the second priority area to the third and so forth only after search in each lower priority area for at least two weeks. 14 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 2. Laborer Participation. a. Owner agrees that at least 25% of the labor for the Redevelopment of the Property will consist of City of Miami residents and that at least 40% of the labor for the Redevelopment of the Property will consist of Miami -Dade County residents. b. In order to accomplish the above laborer participation goal, Owner will require its general contractor(s) and subcontractors to seek laborers in the first Tiered Priority Area for at least 60 days before expanding its search to lower priority areas. The general contractor(s) and subcontractor(s) must search within each lower tiered priority areas for no less than 30 days before expanding the search into lower priority areas. c. In the event of any disputes between the'ity Manager and the Owner as to whether any subcontractor has its principal place of business in the City or County, or whether any laborer resides in the City or County, and whether the Owner complied with the Tiered Priority Areas, the Owner and the City Manager shall proceed in good faith to resolve the dispute. In the event the dispute is not resolved within ten days, either Party may submit the dispute to an arbitrator for resolution. The arbitrator shall be approved by both Parties, such approval not to be unreasonably withheld. The decision of the arbitrator shall be binding on the Parties. iii. Hiring Goals: Permanent Jobs. MIAMI 6083591.1 83885/87055 1. Employment by Owner. In connection with all employment opportunities available in connection with the operation of the Property that are within the control of the Owner, including the commercial components of the Property, Owner agrees to recruit and hire employees who are residents of the City or County according to the Tiered Priority Areas, with a goal of having 10% of the workforce employed by Owner at the Property to be residents of the City or County. Owner will apply all commercially reasonable efforts to identify qualified employees in the first Tiered Priority Area for no less than 60 days before 15 of 3l NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING expanding its search to the second Tiered Priority Area, and so forth. 2. Employment by Tenants of Owner. Owner shall require each tenant conducting business at the Property to make best efforts to recruit and hire employees who are residents of the City or County according to the Tiered Priority Areas, with a goal of having 10% of the workforce employed by Owner at the Property to be residents of the City or County. Tenants will be required to seek qualified employees in the first Tiered Priority Area for no less than 30 days before expanding its search to the second Tiered Priority Area and so forth. iv. Employment Policies. In connection with the Redevelopment of the Property, the Owner agrees that they and their general contractor(s) will: MIAMI 6083591.1 83885/87055 1. Take action in the effort to recruit, advertise, attract and retain minority and female contractors and subcontractors. 2. Provide a reasonable opportunity in the recruitment, advertising and hiring of professionals, contractors and subcontractors residing within the certain target areas of the City according to Tiered Priority Areas. Take reasonable action in retaining employees regardless of race, color, place of birth, religion, national origin, sex, age, sexual orientation, gender identity, marital status, veterans and disability status.; 4. Maintain equitable principles in the recruitment, advertising, hiring, upgrading, transfer, layoff, termination, compensation and all other terms, conditions and privileges of employment. Monitor and review all personnel practices to guarantee that equal opportunities are being provided to all employees regardless of race, color, place of birth, religion, national origin, sex, age, sexual orientation, gender identify, marital status, veterans and disability status. 6. Post in conspicuous places, availability to employees and applicants for employment, notices, setting forth the non- discrimination clauses of this Section. 16 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 7. In all solicitations and advertisements for employment placed by or on behalf of Owner, state that all applicants will receive consideration for employment without regard to race, creed, color or national origin. 8. A job applicant's criminal record will not serve as an automatic bar to recruitment or hiring provided that the Owner and its general contractor retain the right to disqualify applicants for employment or promotion, and to fire existing employees who commit or have records of conviction for felony crimes involving violence including but not limited to battery, robbery, sexual assault and abuse, attempted murder, and murder. v. Community Outreach and Employment. Owner will coordinate with organizations experienced in implementing local preference job opportunities and entities in its search for permanent employees where such employment is within the control of the Owner. vi. Job Fairs. Owner shall contract with an organization experienced in implementing local job preference opportunities to conduct job fairs and similar outreach in Little Haiti Area. Such events will be conducted for construction jobs and permanent jobs prior to commencement of construction of each Phase of the SAP. c. Workforce Housings i. Owner agrees to set aside 10% of the total residential dwelling units constructed at the Property as Workforce Housing. ii. The Owner sha'=""use best efforts to include Workforce Housing units in each phase of the Property's development as those phases are described in Sheet A-11 of the Design Guidelines. iii. Nothing in this Agreement shall limit Owner's ability to take advantage of any Workforce or Affordable Housing incentives currently provided by the City Code or Existing Zoning, or any such incentives that may be provided in the future. Such incentives include but are not limited to the deferral of or exemption from any impact, development, or building permit fees, and reductions in off-street parking requirements. d. Relocation Assistance. For at least six (6) months prior to the demolition of any residential building located on the Property, Owner will stop leasing rental units existing on the Property as they are vacated. Those vacated units will be reserved MIAMI 6083591.1 83885/87055 17 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING for and offered to residents of those buildings proposed to be demolished in connection with construction of Phase 1 of the SAP whose leases extend beyond the date of evacuation associated with the proposed demolition. i. Vacated rental units will be made available to said residents at the same terms of their existing rental agreement. ii. Owner will provide moving assistance to those residents of Design Place that opt to relocate to vacated units elsewhere on the Property. Assistance will be limited to the movement of personal belongings from the existing unit to the temporary unit. iii. When construction of Phase 1 of the SAP is completed, residents relocated from Design Place will be given an opportunity to relocate to Phase 1 of the SAP. Owner will allow residents who decide to relocate to Phase I of the SAP to lease a new unit in Phase <1 at their existing rent for no less than one year. Owner will provide assistance to those residents in moving their personal = ,_gings from the temporary unit to their new rental unit within Phase e. Transportation and Traffic Improvements. i. Train Station. Owner agrees to make all commercially reasonable efforts to secure construction of a train station for local and tri-county passenger service in substantial compliance with the SFRTA's proposal for its Tri-Coastal Link passenger rail line. If successful in obtaining all approvals necessary for construction of a train station, Owner will negotiate with relevant parties to finalize the design, construction, operation, and maintenance of the station on the Property. ii. Trolley Stops. The Owner will seek the necessary approvals to extend City of Miami trolley routes into the Property. If the extension of such routes are approved by the City, the Owner will, at its sole cost, construct the improvements necessary to provide up to two trolley stops within the Property in substantial compliance with Sheet of the Design Guidelines. iii. Adjacent Traffic Improvements Along NE 2 Avenue. The Owner will realign the existing two (2) offset signalized MIAMI 6083591.1 83885/87055 18 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING intersections at NE 51 st Street and NE 2nd Avenue which provide access to Design Place and the Miami Jewish Health Systems site into one (1) signalized intersection and will provide access to both developments. iv. Traffic Improvements Along NE 54 Street. The Owner will construct right-of-way improvements along NE 54 Street in substantial compliance with Sheet of the Design Guidelines and the City's Traffic Sufficiency letter dated August 8, 2016, a copy of which is attached as Exhibit " ". Such improvements shall be limited to: 1. Creation of a new median along NE 54 Street; 2. Pending the results of an 8-hour signal warrant analysis and authorization by the County, the signalization of the intersection of NE 54 Street and NE 3 Avenue, and the construction of a westbound left -turn lane and an eastbound right -turn lane; and 3. Installation of new crosswalks with differentiated surfaces designed to calm traffic speeds. As NE 54th Street is a Florida Department of Transportation (FDOT) maintained roadway, the above improvements shall be subject to approval by Miami -Dade Count and FDOT. v. FEC Greenway. The Owner sha truct that portion of the FEC Greenway adjacent to the Property, which includes pedestrian and bicycle paths, as described on Sheet L-10 of the Design Guidelines. Said construction shall take place concurrently with construction of the abutting phase of the SAP. Community S i ace. i. To encourage com unity development and civic participation in Little Haiti and to help encourage the Property's integration into the Little Haiti community, Owner agrees to set aside approximately 2,000 square feet of community space ("Community Space") in the SAP at its sole cost. ii. The Community Space may be reserved by any non-profit organization located within the City Commission district in which the Property is located for purposes of holding organizational meetings or similar gatherings. The Community Space shall not be reserved for parties or other such events. MIAMI 6083591.1 83885/87055 19 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING g. h. NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING iii. Such reservations shall be managed through the Owner's management office and shall be limited to no more than one reservation per month for each non-profit organization. Miami Police Substation. The Owner agrees to provide between 1,500 and 2,000 square feet within the SAP for use as a City of Miami Police Substation ("Substation Space"). i. Term. The Owner shall provide the Substation Space for a term of up to thirty (30) years with a right of renewal thereafter by mutual agreement of the Parties. ii. Rent. The City shall pay the Owner an annual rent of $1.00 for up to thirty (30) years, with the rent to be determined by mutual agreement of the Parties thereafter. iii. Timing. The Substation Space shall be provided prior to obtaining a Certificate of Occupancy for any structure located within the final SAP phase to be constructed. iv. Utilities and Ongoing Expenses. The City shall be responsible for the payment of all utilities (including but not limited to electricity, water and sewer services, telecommunication services, and gas) whether private or public, and operational expenses (including but not limited to maintenance costs) directly serving and attributable to the use of the Substation Space. The Owner shall install separate meters for electrical and water utilities for the Substation Space at the Owner's sole cost and expense. v. Nuisance. The lease for t Substation Space shall expressly prohibit the use of sirens by incoming and outgoing service vehicles in order to avoid disturbing residents or tenants of the Property or their visitors and guests. Public Open Spaces. The Owner agrees to provide publicly accessible open spaces in the SAP Area ("Public Open Spaces") in excess of the minimum Open Space and Civic Space requirements of Miami 21 and the SAP, as follows: i. Minimum Open and Civic Space. The Owner agrees to provide a minimum area of approximately 294,945 square feet of Open Space where only 97,905 square feet are required and 215,493 square feet of Civic Space where only 48,952.5 square feet are required, in substantial accordance with this Agreement, the Regulating Plan, and the Design Guidelines, as reduced by any future right-of-ways depicted in the SAP. MIAMI 6083591.1 83885/87055 20 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING ii. Location. The general location and dimensions of the Public Open Spaces shall be substantially in accordance with this Agreement and the SAP (including Sheet of the Design Guidelines), or as otherwise mutually agreed by the Parties. iii. Dedication of Park Land. Within 180 days after at least fifty percent (50%) of the approved floor area within the SAP has been constructed and has received a Certificate of Occupancy, the Owner shall convey approximately fifty percent (50%) of the portion of the Property identified in the SAP as "Civic Space Park" on Sheet B-4 of the Design Guidelines ("Park Land"). Within 180 days after issuance of the final Certificate of Occupancy for the final Phase of the SAP, the Owner shall convey to the City the balance of the Park Land. 1. Condition of Park Land. At time of conveyance, the Park Land shall consist of open, sodded land and include walkways, as generally depicted in the Design Guidelines. The Park Land shall also contain an area dedicated for use as a dog park. 2. Use and Reversionary Interest. The City shall use the Park Land only for passive public park purposes. No improvements or leases shall encumber the Park Land. Owner shall retain a reversionary interest in said Park Land. Should the City cease to use the Park Land for public park purposes, the Park Land shall revert to the Owner by operation of law. The instruments conveying the Park Land shall contain all restrictions. Maintenance and Access. The Owner shall retain responsibility for all ongoing maintenance of the Park Land at its sole expense. Owner shall be responsible for opening and closing the Park Land consistent with Section 38-3 of the City Code. Events. All temporary uses or special events within the SAP Area, inclusive of the Park Land subsequent to conveyance to City, must obtain Owner approval and shall be scheduled and managed by the Owner. Following approval by the Owner, all applicable permits must be obtained from the City. Such events shall be held no more than twice per month, excluding the Little Haiti Green Market, which shall be permitted once per week subject to the restrictions in the SAP Regulating Plan. v. Maintenance. The Owner shall maintain, operate, and supervise the Public Open Spaces. MIAMI 6083591.1 83885/87055 21 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING vi. Phasing. The Public Open Spaces depicted in the SAP may be provided in phases as and when the various portions of the SAP are developed. vii. Landscape Improvements In Public Right -of -Way. The Owner shall landscape and construct improvements to certain rights -of -way immediately fronting the Property in substantial accordance with Sheets through of the Design Guidelines. In order to further foster a uniform aesthetic between the SAP Area and surrounding areas, the Owner agrees to coordinate landscaping and right-of-way design and improvements with the Department of Public Works and Miami Jewish Health Systems. The proposed right-of-way improvements described herein shall be reviewed and approved by the City's Planning Department, Zoning Department, and Public Works Department and shall apply to the NE 2nd Avenue and NE 54th Street improvements identified in this Agreement. viii. Parks Impact Fee Credit. The Parties agree that in consideration of the Owner's contribution of the Public Open Spaces and construction of related improvements to said spaces, the City will grant the Owner the credit against the impact fees in connection with Redevelopment of the Proper as follows: The City finds that "`the&arc Open Spaces and related improvements provide more land, Open Space, enhancements, and landscape and hardscape features than necessary to accommodate the demand for park and recreation facilities generated by the residential component of the SAP. Accordingly, the City shall review the Owner's impact fee petition and shall grant the Owner credit in the amount of their ascertainable contribution against the Parks Impact Fee or other impact fees otherwise due pursuant to Sections 13-9, 13-10, 13-11, 13-12, 13-13, and 13-14 of the City Code for the overall Redevelopment of the Property including any residential component of the SAP. i. Arts and Culture. The Owner agrees to collaborate with local arts groups, including but not limited to the Miami -Dade College of Music, the Hattian Heritage Museum, and the Little Haiti Cultural Center, to identify year-round opportunities for local artists to display or perform their art in the Property's public spaces. 14. Environmental. The SAP is designed to make a significant contribution to the City's tree resources by preserving existing mature tree resources and creating new Public Open Spaces where such resources can be showcased. In light of that contribution, the City and MIAMI 6083591.1 83885/87055 22 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING the Owner agree that the Owner will comply with the intent and requirements of Chapter 17 of the City Code by performing tree replacement as follows. a. Off -site Replacement Trees. Notwithstanding the requirements of Section 17- 6(e) of the City Code, where tree replacement within the Property is not possible, the Owner may perform tree replacement on public property in the following order of priority (i) within the SAP Area's Public Open Space; (ii) within a one (1) mile radius of the Property; or (iii) within any City park subject to approval by the City. The Owner further agrees to work with local neighborhood associations to identify locations for, and coordinate the placement of said replacement trees. The City further agrees to facilitate the permitting and planting of replacement trees on all publicly owned property with or abutting the Property, within a one - mile radius of the Property, or within City parks. The Owner agrees to water, trim, root, prune, brace or undertake any other necessary maintenance of the trees it plants, as may be required by the City's Public Works Department, for the term of this Agreement. The Owner further agrees to warranty each off -site replacement trees for one (1) year after the date of installation. b. SAP Area Tree Installation, Maintenance and Guarantee. For all trees planted within the SAP Area, the Owner shall install any needed irrigation and corresponding water meters to support the trees' growth. The Owner shall water, trim, root, prune, brace, or undertake any other necessary maintenance as may be required for trees located within the SAP Area for the term of this Agreement. The Owner further agree to warranty each tree planted in the SAP Area for one year after its planting. Tree Replacement Chart. The tree replacement chart below shall be used to determine whether the Owner has satisfied the tree replacement requirements set forth in Section 17-6(a) of the City Code. The chart below replaces and supersedes Charter 17.6.1.1 in the City Code. Total diameter of tree(s) (sum of inches Tree Replacement Chart to be removed at DBH) Total inches of replacement DBH required (12' minimum tree height) 2" —3" 2" 4" —6" 4" 7" —12" 8" 13" —18" 12" 19" —24" 16" 25" —30" 20" 31" —36" 24" 37" —42" 28" MIAMI 6083591.1 83885/87055 23 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 43" —48" 32" 49" —60" 40" To determine whether the replacement requirements have been satisfied, calculated the total sum in in inches of the diameter of the trees removed. The size of the replacement trees diameter at breast height (DBH) must equal the total inches of replacement DBH set forth in the above chart. Diameter measurements shall be rounded up to the nearest inch. If the sum of the diameter of trees to be removed exceeds a total of 60 inches, the additional inches shall be added cumulatively from the top of the chart, down to the bottom of the chart to calculate the number of DBH for replacement trees. 15. Valet Parking. The Owner may establish a valet system to service the SAP Area generally. In accordance with Sections 35-305 and 35-306 of the City Code, as amended, the maximum allowed valet permits may be issued for the operation of a valet parking area on the same side of the block where the permit applicant is the operator of the uniform valet system. 16. Interim Parking. For the purposes of accommodating the phased Redevelopment of the Property, interim and temporary parking on unimproved and partially improved lots may be permitted in order to satisfy required off-street parking under Existing Zoning and the Regulating Plan. Notwithstanding the requirements of Section 62-543 and 62-544 of the Code, interim parking may be permitted in the SAP Area without having to comply with permanent parking requirements on the proposed interim parking lots. The Planning Director may approve the design of the interim parking lots prior to issuance of a building permit for improvements. 17. Replatting, Street Closure, and Dedications. To the extent necessary, the Owner shall seek the vacation and closure of various rights -of -way located in the SAP Area and dedicated new rights -of -way to reflect the network described in the Design Guidelines. For such vacations, closures, or new rights -of -way within the Park Land subsequent to its conveyance to the City, the Owner shall submit and process all necessary applications with the City as applicant. 18. Retail Specialty Center Designation. Pursuant to Chapter 4 of the City Code, the SAP is hereby designated as two (2) "Retail Specialty Centers." 19. Alcoholic Beverage Sales. Notwithstanding the requirements of Section 4-3.2 of the Code or anything to the contrary in Miami 21, Planning, Zoning and Appeals Board, and/or City Commission approval shall not be required for Alcohol Service Establishments as principal uses, including bars, taverns, pubs and lounges, nightclubs, and supper clubs, to be located within the SAP. The number of Alcohol Service Establishments permitted within each Retail Specialty Center in the SAP shall not exceed MIAMI 6083591.1 83885/87055 24 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING five (5), exclusive of any bona fide, licenses restaurants where the sale of alcoholic beverages is incidental to and in conjunction with the principal sale of food (i.e., bona fide, licensed restaurants with a 2-COP, 2-COP SRX, 4-COP, 4-COP SRX, or equivalent license). Notwithstanding the requirements of Sections 4-7 and 4-10 of the City Code, restrictions relating to the maximum number and location of Alcoholic Service Establishments, including but not limited to, required distances from churches, residential districts, schools, and other alcoholic beverage establishments, whether within or outside the SAP, shall not apply to establishments within the SAP. 20. Phased Development. The Parties agree that Redevelopment of the Property may be completed by multiple parties in multiple phases over the life of the SAP. While the Owner anticipates that phased Redevelopment of the Property will follow the phasing described on Sheet of the Design Guidelines, the City acknowledges that a variety of factors including but not limited to economic considerations and site conditions may require changes to the scope and sequence of each phase. Accordingly, the Owner may so modify the scope and sequence of each phase without prejudice or any additional approvals from the City. 21. Compliance with Fire/Safety Laws. The Owner shall at all times in the development and operation of the SAP comply with all applicable laws, ordinances, and regulations including life safety codes to insure the safety of all SAP and City residents and guests. Specifically and without limitation, the Owner will install and construct all required fire safety equipment and water lines with flow sufficient to contain all possible fire occurrences. 22. Local Development Permits. The SAP may require additional permits or approvals from the City, County, State or Federal government and any division thereof. Subject to required legal processes and approvals, the City shall to take all reasonable steps to cooperate with and facilitate all such approvals, including acting as an applicant. Such approvals include, without limitation, the following approvals and permits and any successor or analogues approvals and permits: (a) Subdivision plat and/or waiver of plat approvals; (b) Covenant or Unity or Title acceptance; (c) Building and Public Works permits; (d) Certificates of use and/or occupancy; (e) Stormwater Permits; and MIAMI 6083591.1 83885/87055 25 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING (f) Any other official action of the City, County, or any other government agency having the effect of permitting development of the Property. 23. Compliance with Regulations Relative to Development Permits. The Parties 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 the Owner of the necessity of complying with the regulation governing said permitting requirements, conditions, fees, terms, licenses, or restrictions. 24. Cooperation; Expedited Permitting and Time is of the Essence. 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 the Owner in achieving its development and construction milestones. The City will accommodate requests from the Owner's general contractor(s) 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 will designate an individual within the City Manager's Office who will have a primary (though not exclusive) duty to serve as the City's point of contact and liaison with the Owner 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. 25. Reservation of Development Rights. (a) For the term of this Agreement, the City hereby agrees that it shall permit the Development of the Property in accordance with the Comprehensive Plan, the SAP Regulating Plan, Miami 21 where the SAP Regulating Plan and Design Guidelines are silent, and this Agreement, as of the Effective Date. (b) 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 the Owner or its successors or assigns to continue development of the Property in conformity with the SAP and Development Permits or other development orders granted by the City. 26. Annual Review. (a) The City shall review the Development that is subject to this Agreement once every twelve (12) months, commencing twelve (12) months after the Effective Date. The City shall begin the review process by giving notice to the Owner, a minimum of MIAMI 6083591.1 83885/87055 26 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING thirty (30) days prior to the anniversary date of the Agreement, of its intention to undertake the annual review of this Agreement. (b) Any information required of the Owner during an annual review shall be limited to that necessary to determine the extent to which the Owner 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 the Owner 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 the Owner and after a public hearing. 27. Notice. 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. With a copy to: City Manager; f Miami 3500 Pan American Drive Miami, Florida 33133 City Attorney, City of Miami Miami Riverside Center 444 S.W. 2nd Ave., 9th Floor Miami, Florida 33130 SPV Realty, LC ATTN: Kevin Fabricant 12000 Biscayne, Suite 609 North Miami, FL 33181 Bilzin Sumberg Baena Price and Axelrod, LLP ATTN: A. Vicky Leiva 1450 Brickell Avenue, Suite 2300 Miami, Florida 33131 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. MIAMI 6083591.1 83885/87055 27 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 28. Multiple Ownership. In the event of multiple ownership subsequent to the approval of the Application, each of the subsequent owners, mortgagees and other successors in interest in and to the Property (or any portion thereof, including condominium unit owners) shall be bound by the terms and provisions of this Agreement as covenants that run with the Property. 29. Common Area Maintenance. The Owner shall create, prior to the conveyance of any portion of the Property (less than the entire Property), an association or other entity that shall provide for the maintenance of all common areas, private roadways, cross - easements and other amenities common to the Property. This Agreement shall not preclude other owner(s) of portions of the Property from maintaining their own buildings or common areas not common to the Property outside the control of said association. The instrument creating the association o; other entity shall be subject to the reasonable approval of the City Attorney. 30. Modification. This Agreement may be modified, amended, or released as to any portion of the Property by a written instrument executed by the then -owners of the Property, including joinders of all mortgagees, if any, provided the same is also approved by the City, after public hearing. In the event there is a recorded homeowners or condominium association covering any portion of the Property, said association may (in lieu of the signature consent of the individual member or owners), on behalf of its members and in accordance with its articles of incorporation and bylaws, consent to any proposed modification, amendment, or release by a written instrument executed by the homeowners or condominium association. Any consent made pursuant to a vote of the homeowners or condominium association shall be evidence by a written resolution of the homeowners or condominium association and a certification executed by the secretary of the homeowners or condominium association's board of directors affirming that the vote complied with the articles of incorporation and the bylaws of the association. 31. Enforcement. The City and the Owner, its successors or assigns, shall have the right to enforce the provisions of this Agreement. Enforcement shall be by action at law or in equity against any parties or persons violating or attempting to violate any covenants, either to restrain violation or to recover damages or both. 32. 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 exclusively in a court of competent jurisdiction in the County. In addition to any other legal rights, the Parties shall each have the right to specific performance of this Agreement in court. Each Party MIAMI 6083591.1 83885/87055 28 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 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. 33. Voluntary Compliance. The Parties hereby agree that in the event all or any Party of this Agreement is struck down by judicial proceedings or prompted by legislative action, the Parties shall continue to honor the terms and condit' f this Agreement to the extent allowed by law. 34. Severability. Invalidation of any of the sec dins, terms, conditions, provisions, or covenants, of this Agreement by judgment of court in any action initiated by a third party, in no way shall affect any of the other provisions of this Agreement, which shall remain in full force and effect. 35. Default. (a) The Owner shall be in default under this Agreement if any of the following events occur and continue beyond the applicable grace period: the Owner fails to perform or breaches any term, covenant, or condition of this Agreement which is not cured within sixty (60) 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 sixty (60) days, then the Owner shall not be in default if it commences to cure such breach within said sixty (60) 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 the Owner 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. MIAMI 6083591.1 83885/87055 29 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING 36. Remedies. (a) Neither Party may terminate this Agreement upon the default of the other Party, 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, the Parties 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. The City hereby acknowledges that any claim for damages under this Agreement is not limited by sovereign immunity or similar limitation of liability. 37. Obligations Surviving Termination. 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 indicate either that it survives the termination or expiration here of or is or may be applicable or effective beyond the expiration or permitted early termination hereof. 38. Merger. 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. This Agreement cannot be changed or terminated orally. 39. Successors, Assigns, and Designees. The covenants and obligations set forth in this Agreement shall extend to the Parties and their successor(s) and/or assigns. Nothing contained herein shall be deemed to be a dedication, conveyance or grant to the public in general nor to any persons or entities except as expressly set forth herein. 40. Third Party Defense. The Parties shall each, at their own cost and expense, vigorously defend any claims, suits or demands brought against them by third parties challenging the Agreement or the SAP, or objecting to any aspect thereof, including, without limitation, (i) a consistency challenge pursuant to Section 163.3215, Florida Statutes (2014), (ii) a petition for writ of certiorari, (iii) an action for declaratory judgment, or (iv) any claims MIAMI 6083591.1 83885/87055 30 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING for loss, damage, liability, or expense (including reasonable attorneys' fees). The Parties shall promptly give the other written notice of any such action, including those that are pending or threatened and all responses, filings, and pleadings with respect thereto. 41. Recording. This Agreement shall be recorded in the Public Records of Miami -Dade County, Florida at the Owner's expense and shall inure to the benefit of the Owner. A copy of the recorded Development Agreement shall be provided to the City Clerk and City Attorney within two (2) weeks of recording. 42. Representations Regarding Authorization to Execute. 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. 43. No Conflict of Interest. The Owner agrees to comply with Section 2-612 of the City Code as of the Effective Date, with respect to conflicts of interest. 44. Counterparts. 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, shall constitute one and the same agreement. 411.16 NOW WHEREFORE, the Parties have caused this Agreement to be duly executed. IN WITNESS WHEREOF, these presents have been executed this day of , 2018. MIAMI 6083591.1 83885/87055 31 of 31 NOTE: THIS DRAFT IS SUBJECT TO CHANGE PRIOR TO PUBLIC HEARING