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HomeMy WebLinkAboutTab A14 - Development AgreementThis instrument Prepared by and after Recording Return To: T. Spencer Crowley, Esq. Akerman LLP 98 SE 7th Street, Suite 1100 Miami, FL 33131 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MIAMI, FLORIDA AND TOBACCO ROAD PROPERTY HOLDINGS, LLC, BCC ROAD IMPROVEMENT LLC, 2 INDIAN CREEK HOLDINGS LLC, REGARDING DEVELOPMENT OF THE BRICKELL CITY CENTRE PROJECT THIS DEVELOPMENT AGREEMENT is entered this day of , 20 , and effective as of the day of , 20 , by and between TOBACCO ROAD PROPERTY HOLDINGS, LLC, BCC ROAD IMPROVEMENT LLC, and 2 INDIAN CREEK HOLDINGS LLC, all being Florida limited liability companies (together known as "Developer"), and the CITY OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of the State of Florida ("City") (Developer and the City together referred to as the "Parties"). WITNESSETH: WHEREAS, Brickell City Centre Project LLC and 700 Brickell City Centre LLC (collectively, "Swire") held fee simple title to approximately nine (9) acres of property in the Brickell area of downtown Miami ("Original BCC Property"); and WHEREAS, the Original BCC Property spanned four (4) city blocks was more specifically located south of the Miami River, west of Brickell Avenue, north of SW 8th Street, and east of SW 1st Avenue, located between two (2) mass transit lines; and WHEREAS, the Original BCC Property was underutilized in that it predominantly consisted of vacant, undeveloped lots secured by chain link fencing, and the status of the Original BCC Property was inconsistent with the City's vision to develop a world class downtown, and City wished to encourage redevelopment of the Original BCC Property; and WHEREAS, Swire wished to redevelop the Original BCC Property as a higher density, mixed-use, pedestrian -oriented, urban development known as Brickell City Centre which would provide much needed retail for the Brickell and Downtown area of Miami, and maximize efficiency and design through construction of two (2) levels of underground parking ("Brickell City Centre"); and WHEREAS, a process exists within the City's zoning code ("Miami 21"), known as a "Special Area Plan" or "SAP," which allows parcels of more than nine (9) abutting acres to be master planned to allow greater integration of public improvements and infrastructure, Page 1 of 30 45343279;3 and greater flexibility so as to result in higher or specialized quality building and streetscape design; and WHEREAS, on July 28, 2011, the City approved an SAP for Brickell City Centre, pursuant to Ordinance No. 13279 ("Brickell City Centre SAP"); and WHEREAS, Miami 21 requires development within an SAP to be governed by a Development Agreement between the property owner and the City; and WHEREAS, on October 24, 2011, Swire recorded a Development Agreement for Brickell City Centre, at Official Records Book 27868, Page 4664 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 28, 2013, the City approved an amendment to the Brickell City Centre SAP to include an additional city block known as "N2," and also approved an Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on April 7, 2014 at Official Records Book 29098, Page 3241 of the Public Records of Miami -Dade County, Florida; and WHEREAS, on March 27, 2014, the City approved a second amendment to the Brickell City Centre SAP to include an additional city block known as "One BCC," and also approved a Second Amended and Restated Development Agreement for Brickell City Centre to encompass this area, recorded on September 18, 2014 at Official Records Book 29314, Page 0825 of the Public Records of Miami -Dade County, Florida ("Swire's BCC Agreement"); and WHEREAS, Swire has built -out Phase 1 of Brickell City Centre on the Original BCC Property, pursuant to Swire's BCC Agreement and the Brickell City Centre SAP; and WHEREAS, Developer owns certain real property located between SW 7th Street and SW Miami Avenue Road lying west of South Miami Avenue (northbound), consisting of approximately 95,866 sq. ft. (2.20 acres) of land ("BCC 650 SMA/AP Property"), as is more particularly described on Exhibit "A" attached hereto; and WHEREAS, the City and Developer wish to integrate the BCC 650 SMA/AP Property into the Brickell Centre SAP, to further redevelop underutilized property directly abutting the existing Brickell City Centre project into a single cohesive higher density, mixed-use, pedestrian - oriented, urban development ("BCC 650 SMA/AP Project"); and WHEREAS, the City and Developer wish for development of the BCC 650 SMA/AP Property to proceed substantially in accordance with the Brickell City Centre SAP Regulating Plan and Design Guidelines, as adopted on , 2018, and kept on file with the City ("Regulating Plan and Design Guidelines"); and Page 2 of 30 45343279;3 WHEREAS, the BCC 650 SMA/AP Property is designated Restricted Commercial, with an Urban Central Business District overlay, in the Miami Comprehensive Neighborhood Plan ("Comprehensive Plan"); and WHEREAS, the City and Developer wish for development of the BCC 650 SMA/AP Project to proceed in a manner which is consistent with the Comprehensive Plan; and WHEREAS, the BCC 650 SMA/AP Project is located in the Downtown Development of Regional Impact ("DDRI"); and WHEREAS, as of the Effective Date, the DDRI has sufficient development capacity to accommodate the BCC 650 SMA/AP Project and Developer has reserved such capacity through appropriate means with the City; and WHEREAS, the lack of certainty in the approval of development can result in a waste of economic and land resources, discourage sound capital improvement planning and financing, escalate the cost of housing and development, and discourage commitment to comprehensive planning; and WHEREAS, assurance to a developer that it may proceed in accordance with existing laws and policies, subject to the conditions of a development agreement, strengthens the public planning process, encourages sound capital improvement planning and financing, assists in assuring there are adequate capital facilities for the development, encourages private participation in comprehensive planning, and reduces the economic costs of development; and WHEREAS, the City Commission, pursuant to Ordinance No. adopted on , 20 , has authorized the City Manager to execute this Agreement upon the terms and conditions as set forth below; and NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained, the Parties mutually agree and bind themselves as set forth herein: Section 1. Consideration. The Parties hereby agree that the consideration and obligations recited and provided for under this Agreement constitute substantial benefits to both Parties and thus adequate consideration for this Agreement. Section 2. Rules of Leizal Construction. For all purposes of the Agreement, unless otherwise expressly provided: (a) A defined term has the meaning assigned to it; (b) Words in the singular include the plural, and words in the plural include the singular; Page 3 of 30 45343279;3 (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 hereto agree that this Agreement shall not be more strictly construed against either the City or Developer, as all Parties are drafters of this Agreement; and (f) The recitals are true and correct and are incorporated into and made a part of this Agreement. The attached exhibits shall be deemed adopted and incorporated into the Agreement; provided, however, that this Agreement shall be deemed to control in the event of a conflict between the exhibits and this Agreement. Section 3. Definitions. Capitalized terms which are not specifically defined herein shall have the meaning given in Miami 21. "Agreement" means this Development Agreement Between the City Of Miami, Florida and Tobacco Road BCC 650 SMA/AP Property Holdings, LLC, BCC Road Improvement LLC, and 2 Indian Creek Holdings LLC, Regarding Development of the Brickell City Centre BCC 650 SMA/AP Project. "City" means the City of Miami, a municipal corporation and a political subdivision of the State of Florida, and all departments, agencies, and instrumentalities subject to the jurisdiction thereof. "Comprehensive Plan" means the comprehensive plan known as the Miami Comprehensive Neighborhood Plan, adopted by the City pursuant to Chapter 163, Florida Statutes (2017), meeting the requirements of Section 163.3177, Florida Statutes (2017), Section 163.3178, Florida Statutes (2017), and Section 163.3221(2), Florida Statutes (2017), which is in effect as of the Effective Date. "County" means Miami -Dade County, a political subdivision of the State of Florida_ "Development" means the carrying out of any building activity or mining operation, the making of any material change in the use or appearance of any structure or land, or the dividing of land into three (3) or more parcels and such other activities described in Section 163.3164(14), Florida Statutes (2017). "Effective Date" means , 20 , the date on which the City Commission authorized the City Manager to execute this Agreement. "Existing Zoning" means the zoning designation and regulations of the Miami 21 Code, City Charter, and City Code in effect as of , 2018, which comprise the effective land development regulations governing development of the BCC 650 SMA/AP Property as of the date of recordation of the Agreement. Page 4 of 30 45343279;3 "Land" means the earth, water, and air above, below, or on the surface and includes any improvements or structures customarily regarded as land. "Laws" mean all ordinances, resolutions, regulations, comprehensive plans, land development regulations, and rules adopted by a local, state, or federal government affecting the development of land. "Public Facilities" means major capital improvements, including, but not limited to, transportation, sanitary sewer, solid waste, drainage, potable water, educational, parks and recreational, streets, parking, and health systems and facilities. Section 4. Purpose. The purpose of this Agreement is for the City to authorize Developer to develop the BCC 650 SMA/AP Project pursuant to the Brickell City Centre SAP. This Agreement will establish, as of the Effective Date of this Agreement, the land development regulations including the Existing Zoning, the Regulating Plan, and Design Guidelines, which together will govern Development of the BCC 650 SMA/AP Project on the BCC 650 SMA/AP Property, thereby providing the Parties with additional certainty during the Development process. This Agreement also satisfies Section 3.9. Lf., Miami 21. Section 5. Intent. Developer and the City intend for this Agreement to be construed and implemented so as to effectuate the purpose of the Brickell City Centre SAP, this Agreement, the Comprehensive Plan and the Florida Local Government Development Agreement Act, Sections 163.3220 - 163.3243, Florida Statutes (2017). Section 6. Applicability. This Agreement only applies to the BCC 650 SMA/AP Project. The other components of Brickell City Centre shall remain subject to Swire's BCC Agreement, and this Agreement shall have no effect on Swire's BCC Agreement or the rights of the parties contained therein. Section 7. 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 recorded in the public records of Miami -Dade County and filed with the City Clerk. The term of this Agreement may be extended by mutual consent of the Parties subject to a public hearing, pursuant to Section 163.3225, 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 Parties, their successors, assigns, heirs, legal representatives, and personal representatives. Section 8. Permitted Development, Uses, and Building Intensities. (a) Brickell City Centre SAP Designation. The City has designated the BCC 650 SMA/AP Property as part of the Brickell City Centre SAP on the official Zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Regulating Plan and Design Guidelines are attached as Exhibit "B". Page 5 of 30 45343279;3 In approving the Brickell City Centre SAP, the City has determined that the uses, intensities, and densities of Development permitted thereunder are consistent with the Comprehensive Plan and the Existing Zoning. (b) Density, Intensity, Uses, and Building Heights. (i) As of the Effective Date and pursuant to the overall density limitations in the Brickell City Centre SAP, the density proposed for the BCC 650 SMA/AP Property shall not exceed 420 units per acre, and the intensity proposed for the BCC 650 SMA/AP Property is measured by an above- ground Floor Lot Ratio which shall not exceed 27.0. (ii) The non-residential Development permitted on the BCC 650 SMA/AP Property includes, but is not limited to, the following uses: office, hotel, retail, entertainment, medical office, academic space, and any other uses permitted by the Existing Zoning. (iii) As of the Effective Date and pursuant to the Brickell City Centre SAP, the maximum heights above mean sea level for the BCC 650 SMA/AP Project are as follows: • 851 feet for all blocks; • 129 feet for all Pedestals. (iv) Nothing herein shall prohibit Developer from requesting an increase in the density or intensity of Development permitted on the BCC 650 SMA/AP Property, as long as such increase in density or intensity is consistent with the Comprehensive Plan, Existing Zoning, the SAP, and this Agreement as it exists on the Effective Date. (v) The BCC 650 SMA/AP Project is eligible for bonus height and Floor Lot Ratio benefits, as set forth in the Regulating Plan, due to certain public benefits that the buildings provide. These public benefits are in addition to the requirements delineated in the Regulating Plan, Design Guidelines, and Section 3.9 of Miami 21. The Brickell City Centre SAP public benefits for the BCC 650 SMA/AP Project, as defined in the Regulating Plan, are: • Above -ground pedestrian connections in the public right-of-way between the Brickell City Centre parcels; • Pedestrian mobility, safety, and aesthetic enhancements around and under the South Miami Avenue elevated roadway span that facilitate access to the Miami River Greenway; • Construction of a fire station for the City on the Brickell City Centre "N2" block; Page 6 of 30 45343279;3 • Landscaping and hardscaping improvements at 6th Street/Miami Avenue Roundabout; and • Monetary contribution of $600,000 to the Underline project. • Heightened archeological monitoring requirements. The total costs of the public benefits for the BCC 650 SMA/AP Project are above and beyond the monetary payment which would be required under the Public Benefits Trust Fund regulations of Miami 21 and Chapter 62 of the City Code. Thus, Developer shall be entitled to the maximum height, density, and intensity set forth herein without any further contributions to the Public Benefits Trust Fund. (c) Environmental. The City finds that the BCC 650 SMA/AP Project will confer a significant net improvement upon the publicly accessible tree canopy in the area. The City and Developer agree that Developer will comply with the intent and requirements of Chapter 17 of the City Code. The City agrees to facilitate the permitting and planting of replacement trees on all publicly -owned properties in this area. Section 9. Archaeology. Because of the BCC 650 SMA/AP Project's location in a high zone of archaeological probability, Developer is required to obtain a certificate to dig prior to any ground disturbing activities. As part of the certificate to dig for demolition and new construction permits, the following terms are hereby acknowledged to be conditions of the certificate(s) to dig, certificates of appropriateness (as applicable), and building permits or planning/zoning approvals for the BCC 650 SMA/AP Property. Developer hereby further assures the City that Developer will promptly comply with the following conditions. (a) Monitoring. Developer shall complete a full monitoring archaeological assessment of the site with the objective of documenting and/or preserving all significant archaeological features. Further excavation shall be conducted as determined by City staff upon review of the archaeological monitoring reports. (b) Additional Assessments. If evidence is found indicating further archaeological assessments are required, then Developer shall complete an expanded archaeological assessment of the site with the objective of documenting and/or preserving all significant archaeological features ("Archaeological Assessment"). In such a case, the Archaeological Assessment would include the following scope of work ("Field Work"): (i) The initial phase shall involve systematic additional shovel testing ("Shovel Testing"). This will provide further determination of the nature and extent of the cultural deposits. (ii) Following the Shovel Testing, the fill shall be mechanically removed from the site area under the continuous coordination of the contracted Page 7 of 30 45343279;3 archaeologist, exposing the top of any cultural deposits associated with natural soils. (iii) The next phase shall involve unit excavations within the site area that will be impacted by the proposed building construction (i.e. the area within and adjacent to the proposed building footprint). (iv) All recovered samples will be catalogued and quantified. The results of this analysis will be retained and will be included in the final report. (v) A written report and site documentation will be provided within thirty (30) business days following completion of the field work. (vi) The consultant archaeologist shall provide monthly interim reports to the City of Miami Historic Preservation Board with copies to the Miami -Dade County Historic Preservation Department. (c) Separate Certificates. Developer shall apply for separate certificates to dig for demolition and new construction, with the understanding that the certificate to dig for new construction shall only be reviewed after full archaeological assessment of the demolition has been completed. (d) Documentation. Developer shall provide the consultant archaeologist with whatever time is reasonably needed in order to fully document the site and any significant features as may be provided for in this Agreement. (e) Significant Features. If a significant feature (to be determined by City staff) is found, then Developer shall make every effort to preserve that feature(s) within the building design, and revise the design, in accordance with City and County staffs recommendations. (f) Notice. Written notice shall be provided by the consultant archaeologist to the City of Miami Historic Preservation Office if any significant archaeological deposits or features are discovered during the Archaeological Assessment or development at the parcel within forty-eight (48) hours of the discovery with copies to the Miami -Dade County Historic Preservation Department. (g) Human Remains. If human remains are found, then the provisions of Florida Statute 872.05 and other applicable regulations shall apply. (h) Final Report. A final report shall be prepared by the consultant archaeologist and provided to the City within six (6) months of completion of the Field Work and monitoring. (i) Signage. If a significant archaeological site is found, a sign interpreting the parcel's history and prehistory will be erected on the site at Developer's expense, Page 8 of 30 45343279;3 and said sign shall be reviewed and approved by the Office of Historic Preservation of the City of Miami. (j) Artifacts. All recovered artifacts shall be properly documented and donated to the History Miami Museum at Developer's expense within eight (8) months of the issuance of a master building permit. (k) Tree Removal. As part of any tree removal, a certificate to dig shall be applied for and any conditions met to be granted the certificate to dig for root/stump removal. The tree removal process will be documented by a monitoring archaeologist. Section 10. Connectivity and Activity within Public Right-of-Wa. (a) Connectivity. A critical element to the success of the BCC 650 SMA/AP Project is above -grade connectivity between blocks and through public rights- of-way. This connectivity should be encouraged both within the BCC 650 SMA/AP Project and between the BCC 650 SMA/AP Project and other portions of Brickell City Centre. This connectivity will result in ease of access, minimized pedestrian and vehicular conflicts, and reduction of the BCC 650 SMA/AP Project's traffic impacts by permitting internalized traffic circulation. In order to activate the above -grade connections, Developer proposes to locate commercial activity in this area. Developer recognizes that such connectivity and commercial usage may require approval of other governmental agencies such as Miami -Dade County and the Florida Department of Transportation. The City finds and determines that establishing such connectivity and commercial usage serves a public purpose, and the City agrees to support Developer's efforts to obtain any authorization to establish such connectivity and commercial usage. The City finds that the authorization of such uses within the public rights-of- way will have no adverse effects on the provision of natural light or circulation of air, or increase the adverse effects resulting from fire, floods, tornadoes, and hurricanes. It is further found that the presence of such uses within the public rights-of-way shall in no way diminish access for firefighting apparatus or rescue and salvage operations; diminish traffic, transportation, and circulation; or adversely impact the advancement of the safety, health, amenity, and general welfare within the City. Given the public benefits conferred upon the City by the above -grade connectivity between blocks and across the public rights-of-way, the provisions of Sec. 54-186 of the City Code, as amended, shall not apply within the Brickell City Centre SAP. (b) Construction of Encroachments within the Public Right -of -Way. The City finds that the proposed encroachments do not unduly restrict the use of the Page 9 of 30 45343279;3 public rights-of-way and is a necessary and essential element in the construction of the pedestrian walkways above the public rights-of-way. The adoption of this Agreement shall serve to satisfy the requirements set forth in Sec. 55- 14(b) of the City Code, as amended. Further, this Agreement shall satisfy the requirements of Sec. 55-14(d) of the City Code, as amended. In consideration for authorizing the construction of the aforementioned encroachments, Developer further covenants to: (i) Maintain the above -grade pedestrian walkways in accordance with the Florida Building Code, the City Charter, the City Code, and any other applicable federal, state, and local statutes, laws, rules, orders, and regulations. (ii) Provide an insurance policy, in an amount determined by the City's Risk Management Department, naming the City as an additional insured for public liability and property damage. The insurance shall remain in effect for as long as the encroachment(s) exist in the public right-of- way. Should Developer fail to continue to provide the insurance coverage, the City shall have the right to secure a similar insurance policy in its name and place a special assessment lien against all properties subject to this Agreement for the total cost of the premium. (iii) Developer shall hold harmless and indemnify the City, its officials, and its employees from any claims for damage or loss to property and injury to persons of any nature whatsoever arising out of the use, construction, maintenance, or removal of the pedestrian walkways and from and against any claims which may arise out of the granting of permission for the encroachment or any activity performed under the terms of this Agreement. (c) Activity within the Public Right -of -Way Notwithstanding the limitations set forth in Sec. 54-186 of the City Code, as amended, the City shall permit Food Service Establishment(s) and General Commercial uses, as defined in Miami 21, in the above -grade pedestrian walkways located within the public right-of-way, following approval by SAP Permit. Section 11. BCC 650 SMA/AP Proiect Annroval. (a) Future Development Review. Future Development on the BCC 650 SMA/AP Property shall proceed pursuant to a process established in the Regulating Plan and Design Guidelines and shall be consistent with the Comprehensive Plan, this Agreement, Swire's BCC Agreement, and the Brickell City Centre SAP. (b) Prohibition on Downzoning. Page 10 of 30 45343279;3 (i) The Comprehensive Plan, this Agreement, and the Brickell City Centre SAP shall govern Development of the BCC 650 SMA/AP Property for the duration of the Agreement. The City's laws and policies adopted after the Effective Date may be applied to the BCC 650 SMA/AP Property only if the determinations required by Section 163.3233(2), Florida Statutes (2017) have been made after thirty (30) days written notice to Developer and after a public hearing. (i) Pursuant to Section 163.3233(3), Florida Statutes (2017), this prohibition on downzoning supplements, rather than supplants, any rights that may vest to Developer under Florida or Federal law. As a result, Developer may challenge any subsequently adopted changes to land Development regulations based on (A) common law principles including, but not limited to, equitable estoppel and vested rights, or (B) statutory rights which may accrue by virtue of Chapter 70, Florida Statutes (2017). (c) Development of Regional Impact. (i) The City and Developer agree that as of the Effective Date, sufficient capacity remains under the DDRI to accommodate the BCC 650 SMA/AP Project and that Developer has reserved the capacity necessary to develop the BCC 650 SMA/AP Project. (ii) The City agrees that any DRI Development order which the City adopts after the Effective Date and which applies to the BCC 650 SMA/AP Property will (A) be consistent with this Agreement and the Brickell City Centre SAP and (B) include a Use/Intensity conversion table to allow for a reasonable level of flexibility with respect to the mix and intensity of uses in order to respond to changing market conditions. (iii) The City agrees that if the Miami Downtown Development Authority ("DDA") decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, Developer shall no longer be responsible for payment of DDRI fees. Further, if the DDA decides to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order, the City agrees to refund any payment of DDRI fees made by Developer within twenty four (24) months of the decision to abandon, terminate, rescind, or otherwise render ineffective the DDRI Development Order. Section 12. Retail Specialty Center Designation and Entertainment Specialty District Designation. Pursuant to Chapter 4 of the City Code, each block of the two -block BCC Page 11 of 30 45343279;3 650 SMA/AP Project is designated as a retail specialty center and each block is designated as an entertainment specialty district. (a) The maximum number of Alcohol Service Establishments and Liquor Package Stores (as defined in Miami 21) permitted within retail specialty centers located within the BCC 650 SMA/AP Project shall not exceed: four (4) Alcohol Service Establishments and one (1) Liquor Package Store for the "BCC 650 SMA" block; two (2) Alcohol Service Establishments and one (1) Liquor Package Store for the "BCC AP" block. These limits are exclusive of any Food Service Establishments (as defined in Miami 21) where the sale of alcoholic beverages is entirely incidental to and in conjunction with the principal sale of food (e.g., bona fide, licensed restaurants or cafes operating with a 2 -COP, 4 -COP, 4 -COP SFS, or equivalent license), and any other establishment with an alcoholic beverage license which is otherwise exempt from distance separation requirements pursuant to Chapter 44(h) of the City Code (e.g., bona fide, licensed hotel operating with a 4 -COP S or equivalent license). However, the maximum number of establishments classified as Nightclubs (as defined by Chapter 4-2 of the City Code) shall not exceed two (2) per block, unless otherwise approved by an SAP Permit, and the maximum number of Liquor Package Stores shall not exceed one (1) per block unless otherwise approved by an SAP Permit. (b) Notwithstanding anything to the contrary in Chapter 4 of the City Code (including Section 4-3 thereof), hours of alcohol sale for all Alcohol Service Establishments and Food Service Establishments permitted within retail specialty centers in the BCC 650 SMA/AP Project shall be Monday — Sunday: 11:00 a.m — 5:00 a.m. for consumption on -premises, and Monday — Saturday: 9:00 a.m. — 12:00 midnight, and Sunday: 9:00 a.m. — 7:00 p.m. (with hours automatically extended to 10:00 p.m. on Sundays in December) for consumption off -premises, By Right (as defined in Miami 21). (c) Notwithstanding anything to the contrary contained in Chapter 4 of the City Code (including Sections 4-4 and 4-7 thereof) or Miami 21, the parties further acknowledge and agree that all (i) Alcohol Service Establishments (up to the maximum number authorized herein), (ii) Liquor Package Stores (up to the maximum number authorized herein), (iii) Food Service Establishments, and (iv) other establishments with an alcoholic beverage license which are otherwise exempt from distance separation requirements pursuant to Chapter 44(h) of the City Code shall be permitted By Right (as defined in Miami 21) within the BCC 650 SMA/AP Project, in accordance with Article 4, Table 3 and Article 6, Table 13 of the Regulating Plan, and shall not require any specific administrative or public hearing approval (i.e., no SAP Permit, Waiver, Warrant or Exception) under Miami 21, the City Code or the Regulating Plan for the establishment or continuation of such use. Notwithstanding the above, all Alcohol Service Establishments and Liquor Package Stores on the "BCC AP" block must be approved by SAP Permit. Page 12 of 30 45343279;3 (d) Except as otherwise stated herein, notwithstanding the requirements of Chapter 4 of the City Code, restrictions relating to the maximum number and/or location of Alcohol Service Establishments and Liquor Package Stores, including but not limited to, required distances from churches, residential districts, schools and other Alcohol Service Establishments and Liquor Package Stores, whether within or outside the BCC 650 SMA/AP Project, shall not be applicable to any Alcohol Service Establishment, Liquor Package Store, or Food Service Establishment within the BCC 650 SMA/AP Project. In addition, Liquor Package Stores within the BCC 650 SMA/AP Project shall not be limited to the first floor of a Development. Section 13. Job Creation. Developer shall development entities regarding job training an seeking employment opportunities with potential businesses within the BCC 650 SMA/AP Project. Section 14. Local Development Permits. consult with local and state economic d job placement services to City residents employers which will locate or establish (a) The Development of the BCC 650 SMA/AP Property in accordance with the Existing Zoning is contemplated by Developer. The BCC 650 SMA/AP Project may require additional permits or approvals from the City, County, State, or Federal government and any divisions thereof. Subject to required legal process and approvals, the City shall make a good faith effort to take all reasonable steps to cooperate with and facilitate all such approvals, including acting as an applicant or co -applicant when applicable. Such approvals include, without limitation, the following approvals and permits and any successor or analogous approvals and permits: (i) Subdivision plat (including public right-of-way vacation/closure) or waiver of plat approvals; (ii) Covenant in Lieu of Unity of Title, Unity of Title, or Restrictive Covenant acceptance or the release of existing unities or covenants; (iii) Building permits; (iv) Certificates of use; (v) Certificates of occupancy; (vi) Stormwater permits; (vii) DDRI approval, modification, or exemption; and Page 13 of 30 45343279;3 (vin) Any other official action of the City, County, or any other government agency having the effect of permitting Development of the BCC 650 SMA/AP Project. (b) In the event that the City substantially modifies its land Development regulations regarding site plan approval procedures, authority to approve any site plan for a project on the BCC 650 SMA/AP Property shall be vested solely in the City Manager's designee(s), with the recommendation of the Planning Director and other departments, as applicable. Any such site plan shall be approved if it meets the requirements and criteria of the Existing Zoning, the Comprehensive Plan, and the terms of this Agreement, and is also consistent with Swire's BCC Agreement. Section 15. Consistency with Comprehensive Plan. The City finds that Development of the BCC 650 SMA/AP Property in conformity with the Existing Zoning is consistent with the Comprehensive Plan. As of the Effective Date, Developer is conducting an extensive analysis of the Public Facilities available to serve the BCC 650 SMA/AP Project. In the event that the Existing Zoning or the Comprehensive Plan requires Developer to provide additional Public Facilities to accommodate the BCC 650 SMA/AP Project, Developer will provide such Public Facilities consistent with the timing requirements of Section 163.3180, Florida Statutes (2017). Developer shall be bound by the City impact fees and assessments in existence as of the Effective Date of this Agreement. Section 16. Necessity of Complying with Local Regulations Relative to Development Permits. Developer and the City 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 Developer of the necessity of complying with the regulation governing said permitting requirements, conditions, fees, terms, licenses, or restrictions. Section 17. Reservation of Development Rights. (a) For the term of this Agreement, the City hereby agrees that it shall permit the Development of the BCC 650 SMA/AP Property in accordance with the Existing Zoning, the Comprehensive Plan, and this Agreement. (b) Nothing herein shall prohibit an increase in the density or intensity of Development permitted on the BCC 650 SMA/AP Property in a manner consistent with (i) the Existing Zoning or the Comprehensive Plan, (ii) any zoning change subsequently requested or initiated by Developer in accordance with applicable provisions of law, or (iii) any zoning change subsequently enacted by the City. (c) 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 Developer or its successors or assigns to continue Development of the BCC 650 SMA/AP Page 14 of 30 45343279;3 Property in conformity with Existing Zoning and all prior and subsequent Development permits or Development orders granted by the City concerning this BCC 650 SMA/AP Project. Section 18. Annual Review. (a) Developer shall provide the City on an annual basis a status of the BCC 650 SMA/AP Project in order for the City to conduct an annual review of the Development. This requirement shall commence twelve (12) months after the Effective Date. For ease of reference, the City shall accept one (1) single annual review for the entire Brickell City Centre SAP that satisfies the obligations of Developer in this Agreement and the requirements in Swire's BCC Agreement. The annual review shall include a review of the overhead pedestrian connections between the various blocks of Brickell City Centre, in particular the hours that they are open to the public. (b) During its annual review, the City may ask for additional information not provided by Developer. Any additional information required of Developer during an annual review shall be limited to that necessary to determine the extent to which Developer 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 Developer has not proceeded in good faith to comply with the terms of the Agreement, the City may terminate or amend this Agreement after providing 30 days written notice to Developer and after a public hearing before the City Commission. Section 19. Notices. (a) 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. To the City: With a copy to: City Manager City Attorney City of Miami Miami Riverside Center 3500 Pan American Drive 444 S.W. 2nd Avenue, 9d' Floor Miami, FL 33133 Miami, FL 33130 Page 15 of 30 45343279;3 To Developer (TOBACCO ROAD PROPERTY HOLDINGS, LLC, and 2 INDIAN CREEK HOLDINGS LLC): Attn: 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 With a copy to: Attn: Richard Toledo 999 Brickell Avenue Penthouse 1101 Miami, FL 33131 To Developer (BCC ROAD IMPROVEMENT With a copy to: LLC): Swire Properties, Inc. Attn: Chris Gandolfo Three Brickell City Centre 98 SE 7th Street, Suite 601 Miami FL 33131 Akerman LLP Attn: Spencer Crowley Three Brickell City Centre 98 SE 7th Street, Suite 1100 Miami FL 33131 (b) 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. Section 20. Exclusive 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 lie exclusively in a court of competent jurisdiction in Miami -Dade County. In addition to any other legal rights, the City and Developer shall each have the right to specific performance of this Agreement in court. Each party 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. Section 21. Voluntary Compliance. Developer and the City agree that in the event all or any part of this Agreement is struck down by judicial proceeding or preempted by legislative action, Developer and the City shall continue to honor the terms and conditions of this Agreement to the extent allowed by law. Section 22. No Oral Change or Termination. 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 Page 16 of 30 45343279;3 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 and recorded in the public records of the County. This Agreement cannot be changed or terminated orally. Section 23. Compliance with Applicable Law. Subject to the terms and conditions of this Agreement, throughout the Term of this Agreement, Developer and the City shall comply with all applicable federal, state, and local laws, rules, regulations, codes, ordinances, resolutions, administrative orders, permits, policies and procedures, and orders that govern or relate to the respective Parties' obligations and performance under this Agreement, all as they may be amended from time to time. Section 24. Representations, Representatives. 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. Section 25. No Exclusive Remedies. No remedy or election given by any provision in this Agreement shall be deemed exclusive unless expressly so indicated. Wherever possible, the remedies granted hereunder upon a default of the other party shall be cumulative and in addition to all other remedies at law or equity arising from such event of default, except where otherwise expressly provided. Section 26. Failure to Exercise Rights not a Waiver, Waiver Provisions. The failure by either party to promptly exercise any right arising hereunder shall not constitute a waiver of such right unless otherwise expressly provided herein. No waiver or breach of any provision of this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. Section 27. Events of Default. (a) Developer shall be in default under this Agreement if Developer fails to perform or breaches any term, covenant, or condition of this Agreement which is not cured within thirty (30) 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 thirty (30) days, then Developer 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. (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 a Developer 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. Page 17 of 30 45343279;3 (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. This section does not absolve Developer of any of its obligations pursuant to the City Code should it declare bankruptcy, including but not limited to ensuring that all construction sites, buildings, structures, and excavation sites are safe. (d) The default of a successor or assignee of any portion of Developer's rights hereunder shall not be deemed a breach by Developer. Section 28. Remedies Upon Default. (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, Developer and the City 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. Each party shall bear its own attorney's fees in any such action. Section 29. Severability. If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, hereafter be determined to be invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby and shall continue in full force and effect. Section 30. Assignment and Transfer. This Agreement shall be binding on Developer and its heirs, successors, and assigns, including the successor to or assignee of any property interest in the BCC 650 SMA/AP Property ("BCC 650 SMA/AP Property Interest"). Developer, at its sole discretion, may assign, in whole or in part, this Agreement or any of its rights and obligations hereunder, or may extend the benefits of this Agreement, to any holder of a BCC 650 SMA/AP Property Interest without the prior written consent or any other approval of the City. Any such assignee shall assume all applicable rights and obligations under this Agreement. Any reference to Developer in this Agreement also applies to any heir, successor, or assignee of Developer. Section 31. Obligations Surviving Termination Hereof. 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 indicates either that it survives the termination or expiration hereof or is or may be applicable or effective beyond the expiration or permitted early termination hereof. Page 18 of 30 45343279;3 Section 32. Lack of Agency Relationship. Nothing contained herein shall be construed as establishing an agency relationship between the City and Developer and neither Developer nor its employees, agents, contractors, subsidiaries, divisions, affiliates, or guests shall be deemed agents, instrumentalities, employees, or contractors of the City for any purpose hereunder, and the City, its contractors, agents, and employees shall not be deemed contractors, agents, or employees of Developer or its subsidiaries, divisions, or affiliates. Section 33. Cooperation; Expedited Permitting, and Time is of the Essence. (a) 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 Developer in achieving its Development and construction milestones. The City will accommodate requests from Developer's general contractor 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 Manager will designate an individual who will have a primary (though not exclusive) duty to serve as the City's point of contact and liaison with Developer 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. (b) Notwithstanding the foregoing, the City shall not be obligated to issue any permit to the extent Developer does not comply with the applicable requirements of the Existing Zoning, the Comprehensive Plan, this Agreement, applicable building codes, and any other statute, ordinance, rule, or regulation. Section 34. Enforcement. (a) In the event that Developer, its successors, or assigns fails to act in accordance with the terms of the Existing Zoning or this Agreement, the City shall seek enforcement of said violation upon the subject BCC 650 SMA/AP Property. (b) Enforcement of this Agreement shall be by action against any Parties or person violating, or attempting to violate, any covenants set forth in this Agreement. The prevailing party in any action or suit pertaining to or arising out of this Agreement shall be entitled to recover, in addition to costs and disbursements allowed by law, such sum as the court may adjudge to be reasonable for the services of his/her/its attorney. (c) This enforcement provision shall be in addition to any other remedies available at law, in equity, or both. Section 35. Amendment or Termination by Mutual Consent. This Agreement may not be amended or terminated during its term except by mutual written agreement of Developer and the Page 19 of 30 45343279;3 City. Prior to any amendment or termination of this Agreement during its term, the City shall hold two (2) public hearings before the City Commission to consider and deliberate such amendment or termination. Any amendment or termination shall be recorded in the public records of the County at Developer's sole cost. Section 36. Third Party Defense. The City and Developer 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 BCC 650 SMA/AP Project, or objecting to any aspect thereof, including, without limitation, (i) a consistency challenge pursuant to Section 163.3215, Florida Statutes (2010), (ii) a petition for writ of certiorari, (iii) an action for declaratory judgment, or (iv) any claims for loss, damage, liability, or expense (including reasonable attorneys' fees). The City and Developer 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. Section 37. No Conflict of Interest. Developer agrees to comply with Section 2-612 of the City Code as of the Effective Date, with respect to conflicts of interest. Section 38. No Third -Party Beneficiary. No persons or entities other than Developer and the City, their heirs, permitted successors, and assigns, shall have any rights whatsoever under this Agreement. Section 39. 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. Section 40. AbuttingProperty Owners. The City and Developer have a mutual interest in ensuring that construction of the BCC 650 SMA/AP Project proceeds in a manner which is respectful of and sensitive to owners of property abutting the BCC 650 SMA/AP Project ("Abutting Owners"). In recognition of this concern, during construction of the BCC 650 SMA/AP Project, Developer agrees to ensure that Abutting Owners are compensated for any actual damages which directly result from accidental loss of utility service caused by Developer, its contractors, or subcontractors. Section 41. Status. Upon request from time to time by Developer, or its successor, assigns, or any mortgagee of Developer, its successor, or assign, the City shall deliver to such requesting party a letter (in recordable form, if requested) stating whether the obligations of Developer or its successor or assign under this Agreement are current and in good standing or have been satisfied. In the event Developer or its successor or assign is not current in its obligations or such obligations are not satisfied, said letter shall state the particular manner in which such person's obligations under this Agreement are not current and in good standing or have not yet been satisfied. Section 42 Estoppel. Within ninety (90) days of receipt of written request from a Developer party, the City Manager or his designee, on behalf of the City, shall execute an estoppel certificate or similar document, in form and substance reasonably acceptable to the City Attorney, affirming Developer's compliance with the conditions set forth in the Agreement. Page 20 of 30 45343279;3 Should the City fail to execute the requested estoppel certificate within the aforementioned time period, the City's non -response shall be presumed to indicate Developer's compliance with the terms of the Agreement. NOW, WHEREOF, the City and Developer have caused this Agreement to be duly executed. [Signature blocks for City and Developer on next pages] Page 21 of 30 45343279;3 Signed, witnessed, executed and acknowledged this Witnessed by: Printed: Printed: STATE OF ) ss: COUNTY OF ) day of , 2018. THE CITY OF MIAMI, a Florida municipal corporation ME Name: Title: The foregoing instrument was acknowledged before me this day of , 2018 by 'the of THE CITY OF MIAMI, a Florida municipal corporation. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 22 of 30 45343279;3 Signed, witnessed, executed and acknowledged this day of , 2018. Witnessed by: TOBACCO ROAD PROPERTY HOLDINGS, LLC, a Florida limited liability company Printed: Name: Title: Printed: STATE OF ) ss: COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 2018 by , the of TOBACCO ROAD PROPERTY HOLDINGS, LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 23 of 30 45343279;3 Signed, witnessed, executed and acknowledged this Witnessed by: Printed: Printed: STATE OF ) ss: COUNTY OF ) day of , 2018. 2 INDIAN CREEK HOLDINGS, LLC a Florida limited liability company Name: Title: The foregoing instrument was acknowledged before me this day of , 2018 by , the of 2 INDIAN CREEK HOLDINGS, LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 24 of 30 45343279;3 Signed, witnessed, executed and acknowledged this Witnessed by: Printed: Printed: STATE OF ) ss: COUNTY OF ) day of , 2018. BCC ROAD IMPROVEMENT LLC, a Florida limited liability company in Name: Title: The foregoing instrument was acknowledged before me this day of , 2018 by , the of BCC ROAD IMPROVEMENT LLC, a Florida limited liability company. He/She is personally known to me or presented as identification and who did not take an oath. Notary Public, State of NOTARY SEAL/ STAMP Print Name Page 25 of 30 45343279;3 Exhibit "A" BCC 650 SMA Propertv Legal Description: Parcel l: A portion of Lot 18, in Block 38-A, AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-5, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74 of the Public Records of Miami Dade County, Florida, more particularly described as follows: Beginning at the Southeast corner of said Lot 18, run South 87°37'17" West, along the South line of said Lot 18, for a distance of 50.01 feet to the Southwest corner of said Lot 18; thence run North 02'16'37" West, along the West line of said Lot 18 for a distance of 90.55 feet to a point; thence run North 55'10'03" East for a distance of 18.32 feet to a point of curve; thence run Northeasterly along the arc of a circular curve, concave to the Southeast, having a radius of 2856.29 feet, through a central angle of 00°49'08", for an arc distance of 40.83 feet to a point on the east line of said Lot 18; thence run South 02°16'38" East, along the East line of said Lot 18, for a distance of 122.05 feet to the Point of Beginning. Parcel 2: All of Lots 19, 20 and 21, Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-5, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. LESS AND EXCEPTING THEREFROM the following portion thereof, to wit: Commence at the Southwest corner of said Lot 19; thence run North 02°16'38" West, along the West line of said Lot 19, for a distance of 122.05 feet to the Point of Beginning of the herein described parcel; thence continue to run North 02°16'38" West, along the West line of said Lot 19, for a distance of 27.72 feet to the Northwest corner thereof, thence run North 87°37'22" East, along the north line of said Lot 19 and 20, for a distance of 53.56 feet; thence run South 60'17'00" West for a distance of 60.35 feet to the Point of Beginning. Parcel 3: Lots 22 and 23 and the South 1/2 of Lot 24, in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-5, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Page 26 of 30 45343279;3 Parcel 4: The North 1/2 of Lot 24 in Block 38-A of AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-5, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Parcel 5: Lot 1, Block 38-A, OF AMENDED PLAT OF BLOCK 38-A AND THE NORTH HALF OF BLOCK 53-5, CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami Dade County, Florida. Parcel 6: Tract "A", of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139, at Page 41, of the Public Records of Miami -Dade, Florida. BCC AP Property Legal Description: Lot 6, in Block 38A, of AMENDED PLAT OF BLOCK 38A AND THE NORTH HALF OF BLOCK 535, MAP OF MIAMI CO. FLA, according to the Plat thereof, as recorded in Plat Book 1, at Page 74, Public Records of Miami -Dade County, Florida, LESS that certain Right of Way for Bridge as recorded in Official Records Book 11897, Page 1864 and in Official Records Book 11913, Page 509, of the Public Records of Miami -Dade County, Florida AND Tract "B" of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139, Page 41, of the Public Records of Miami -Dade, Florida. AND Lot 4, Block E, SOUTH CITY OF MIAMI, according to the Plat thereof, as recorded in Plat Book B, at Page 41, of the Public Records of Miami -Dade County, Florida. AND Begin at the Southwest corner of Lot 1, Block E, of SOUTH CITY OF MIAMI, according to the Plat thereof, recorded in Plat Book B, Page 41, thence East 50 feet, thence North 100 feet to the North line of Lot 2 of said Block E South, thence run West 14.15 feet to the East line of S.W. Miami Avenue Road; thence Southwesterly along S.W. Miami Avenue Road 45.96 feet to the Northeast corner of Lot 4 of said Block E South; thence South along the East line of Lot 4, Block E South, 71.31 feet more or less Page 27 of 30 45343279;3 to the place of Point of Beginning; same being the West 50 feet of Lot 1 and the West fractional part of Lot 2, Block E of SOUTH CITY OF MIAMI, Plat Book B, Page 41, Public Records of Miami -Dade County, Florida. AND A portion of Lots 1, 2, and 3, of Block E S, MAP OF MIAMI, according to the plat thereof as recorded in Plat Book B and Page 41, of the Public Records of Miami -Dade County, Florida, being more particularly described as follows: Commence at the Southwest Corner of Lot 4, of said Block E S; thence N48°58'24"E along the Southeasterly Right -of -Way Line of S.W. Miami Avenue Road for a distance of 160.14 feet to the Southwest Corner of said Lot 3; said point also being the POINT OF BEGINNING of the hereinafter described Parcel of land: thence N48°58'24"E continuing along said Right -of -Way Line for a distance of 49.43 feet to a point of curvature with a circular curve concave Southeasterly; thence Northeasterly to the right along the arc of said curve having for its elements a Radius of 25.00 feet, through a central angle of 23°38'04" for an arc distance of 10.31 feet to a point of tangency; thence N72°36'28"E for a distance of 9.39 feet to a point of intersection with the "Limits of Construction Line" as shown on the Dade County Public Works Department Right -of -Way Map Section No. 87513-2644 dated March 1981, Revised January 1983; thence S02°16'45"E along said "Limits of Construction Line" for a distance of 13.68 feet to a point of curvature convave Westerly; thence continuing along said "Limits of Construction Line" Southwesterly to the right along the arc of said curve having for its elements a Radius of 250.25 feet, through a central angle of 29°47'13" for an arc distance of 130.10 feet to a point of intersection with the South line of said Lot 1 being non -tangent to the aforementioned curve; thence S87°37'19"W along the South Line of said Lot 1 also being the North Right -of -Way line of SW 6th Street, for a distance of 9.50 feet; thence NO2° 17'41 "W along the East line of the West 50.00 feet of said Lots 1 and 2 for a distance of 100.01 feet to a point of intersection with the South line of said Lot 3; thence S87°37'19"W along said South line for a distance of 14.15 feet to the POINT OF BEGINNING. AND A portion of Southwest 6th Street being more particularly described as follows: Begin at the Northwest corner of Lot 6 in Block 38A of AMENDED PLAT OF BLOCK 38A AND THE NORTH HALF OF BLOCK 535, according to the Plat thereof, as recorded in Plat Book 1 at Page 74, of the Public Records of Miami -Dade County, Florida; thence North 87°37'27" East along the North line of said Lot 6, also being the South Right Of Way line of said Southwest 6th Street, also being the North line of Tract "B" of 602 COMPLEX, according to the Plat thereof, as recorded in Plat Book 139 at Page 41 of said Public Records for 180.37 feet to the Northeast corner of said Tract "B", said corner lying and being on the Northwesterly Limited Access Right Of Way Line and a point on a circular curve, concave to the Northwest and whose radius point bears North Page 28 of 30 45343279;3 50°56'14" West; thence Northeasterly along said Limited Access Right Of Way Line and being a 255.25 foot radius curve, leading to the left, through a central angle of 07°05'10" for an arc distance of 31.57 feet to a point on a non -tangent line; thence North 28°54'02" East along said Limited Access Right Of Way line for 19.13 feet to a point on a circular curve, concave to the Northwest; thence Northeasterly along said Limited Access Right Of Way Line and being a 254.75 foot radius curve, leading to the left, through a central angle of 02° 16'35" for an arc distance of 10.12 feet to a point on the North Right Of Way line of Southwest 6th Street; thence South 87°37'27" West along the South line of Lot 1 and Lot 4 of BLOCK E S, of MAP OF MIAMI, according to the Plat thereof, as recorded in Plat Book B at Page 41, of said Public Records and said North Right Of Way Line for 153.71 feet to a point on the Southeasterly Right Of Way line of Southwest Miami Avenue Road, also being the Southwest corner of Lot 4; thence South 48°18'26" West for 78.91 feet to the Point of Beginning. Page 29 of 30 45343279;3 Exhibit "B" [to be provided] Page 30 of 30 45343279;3