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10CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER - OFFICE MEMORANDUM To: The Honorable Mayor Stoddard and Via: Hector Mirabile, Ph.D., City From: Thomas J. Vageline, Director Planning and Zoning Departn Date: February 1, 2011 South Miami AH- NnencaCiN 2001 of the City Commission ITEM NO. Subject: A Resolution of the Mayor and City Commission of the City of South Miami, Florida relating to the review and acceptance of the Annual Report of the South Miami Corporation (First National Bank of South Miami) on their proposed "Project Sunset" located at 5750 Sunset Drive; said report required by Section 27 of a Development Agreement executed between the City of South Miami and the South Miami Corporation by the adoption of Ordinance No. 05 -05 -1827; and providing an effective date. PROJECT SUMMARY In March, 2005 the City Commission approved a mixed use project entitled "Project Sunset' located at 5750 Sunset Drive. The project is a unified development covering 2 -1/2 blocks (4.5 acres) in the Hometown District. It includes 108 residential units and 87,212 square feet of commercial space. The approval included the approval (by resolution) of two special exceptions to allow lot coverage and building square footage to exceed the maximums permitted and to allow four drive - though teller lanes where only two are permitted. A second item approved was an ordinance to accept a site plan for the project and a Development Agreement pursuant to Florida Statutes 163.3220 - 163.3243. PROJECT STATUS The project is not under construction. In 2008 the developer did initiate a process to change the project site plan, the special exceptions granted, and the Development Agreement itself. However, the developer did notify the City that the proposed changes have been put on hold. The Development Agreement, although adopted by the City in March 2005 was not signed (executed) by both parties until December 26, 2007. The recordation was done on February 7, 2008 which is legally considered the effective date of the Development Agreement (Section 3, Development Agreement). The maximum period of the Development Agreement is 10 years from the effective date. ANNUAL RE, EPORT The Development Agreement includes the requirement (Section 27, p13) that the developer submit an annual report 30 days before the anniversary of the effective date on February 7. The 2011 Annual report was submitted to the City on January 5, 2011. It is essentially a status report showing that obligations have been met and that there has been compliance with the provisions of the Agreement. The annual report must be reviewed by the City Commission at a public meeting. The City Commission may accept the report or if there is a finding by the Commission that there has been a failure to comply with the terms of the Development Agreement, the Agreement may be revoked or modified by the City. ADMINISTRATION RECOMMENDATION The submitted annual report is in the form of a two page communication from Jerry Proctor, Esq., representing the developer, South Miami Corporation. The report concludes that all of the obligations set forth in the Development Agreement are met and that due to economic and market considerations the project has not commenced. The executed Development Agreement is attached as EXHIBIT "A" as a part of the report. The submitted report is in compliance with the terms of the Agreement and it is recommended that the report be accepted by adoption of the attached resolution. Attachments: Draft Resolution Annual Report from Developer 12 -29 -10 Ord. No. 05 -05 -1827 EXHIBIT "A" Development Agreement TJVISAY X-IComm 1temsU01 A2 -1 -1 DBank Project Annual Rep 2011 CMreport.doc 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 RESOLUTION NO. A Resolution of the Mayor and City Commission of the City of South Miami, Florida relating to the review and acceptance of the Annual Report of the South Miami Corporation (First National Bank of South Miami) on their proposed "Project Sunset" located at 5750 Sunset Drive; said report required by Section 27 of a Development Agreement executed between the City of South Miami and the South Miami Corporation by the adoption of Ordinance No. 05 -05 -1827; and providing an effective date. WHEREAS, In March, 2005 the City Commission approved a mixed use project entitled "Project Sunset' located at 5750 Sunset Drive, which project is a unified development covering 2 -1/2 blocks (4.5 acres) in the Hometown District and includes 108 residential units and 87,212 square feet of commercial space.; and WHEREAS, a Development Agreement was executed between the City of South Miami and the South Miami Corporation by the adoption of Ordinance No. 05 -05 -1827 in March 2005 and is legally considered effective for a maximum period of 10 years from the effective date of February 7, 2008; and WHEREAS, the Development Agreement includes the requirement (Section 27, p.13) that the developer submit an annual report 30 days before the anniversary of the effective date which report is a status report showing that obligations have been met and that there has been compliance with the provisions of the Agreement.; and WHEREAS, the 2011 Annual report was submitted to the City on January 5, 2011; and in the form of a two page communication from Jerry Proctor, Esq., representing the developer, South Miami Corporation, said report concluding that all of the obligations set forth in the Development Agreement are met and that due to economic and market considerations the project has not commenced; and WHEREAS, the annual report in accordance with the Development Agreement must be reviewed by the City Commission at a public meeting and the City Commission may accept the report or if there is a finding by the Commission that there has been a failure to comply with the terms of the Development Agreement, the Agreement may be revoked or modified by the City. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. The 2011 Annual Report of the South Miami Corporation (First National Bank of South Miami) on their proposed "Project Sunset' located at 5750 Sunset Drive as required by Section 27 of the Development Agreement is accepted. Section 2. This resolution shall be effective immediately upon being approved. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 PASSED AND ADOPTED this , day of ATTEST: CITY CLERK READ AND APPROVED AS TO FORM AND SUFFICIENCY: CITY ATTORNEY 2 2011 APPROVED: MAYOR X: \Comm Items \2011\2 -1 -11 \Bank Project Annual Report 2011 Resolution.doc Commission Vote: Mayor Stoddard: Vice Mayor Newman: Commissioner Palmer: Commissioner Beasley: Commissioner Harris: Bilzin Sumberg A] T O R N E Y S AT LAW JAN 0 5 2C =i Via Hand Delivery Dr. Hector Mirabile City Manager City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Dear Dr. Mirabile: December 29, 2010 Jerry S. Proctor, Esq. Tel 305.350.2361 Fax 305.351.2250 jproctor @bilzin.com ie ,I SWIM Re: South Miami Corporation Property: 5750 Sunset Drive and 1 -112 blocks to the south and southwest, City of South Miami Tax Folio Numbers: 09- 4036- 022 -0060, 09- 4036- 022 -0070, 09- 4036- 022 -0400, 09- 4036 - 022 -0410, 09- 4036 - 022 -0450, 09 -4036- 022 -0420, 09- 4036- 022 -0430, 09- 4036- 022 -0320, 09- 4036 -022- 0310, 09- 4036 - 022 -0300, 09- 4036 - 022 -0330, and 09- 4036 -022- 0290 Annual Report of Development Agreement This law firm represents the owner, South Miami Corporation ( "Owner "), of the property located at 5750 Sunset Drive and the 1 -1/2 blocks to the south and southwest, South Miami, Florida ( "Property "). The Property includes the twelve (12) folio numbers referenced above, and includes the headquarters of the First National Bank of South Miami. The Owner and the City of South Miami ( "City ") entered into a Development Agreement ( "Agreement') related to the development of the Property. The Development Agreement, a copy of which is attached as Exhibit "A ", was approved by the City Commission and was recorded in the Public Records on February 7, 2008. In accordance with Section 27 of the Agreement, the Owner is required to submit an Annual Report to the City. Please accept this correspondence as the Annual Report. 1. Use of Property. The Owner received approval by the City Commission in 2005 (the "2005 Application ") for a mixed use development consisting of retail and office space and residential units at a maximum building height of 56 feet. The terms for approval are described in the Development Agreement, and remain in full force and effect. Development of the Property under the approved plans has not commenced since the recordation of the Development Agreement, due to economic and market considerations. In the interim, the Property is used as a Bank and for off - street parking, which provides a public benefit. BILZIN SUMBERG BAENA PRICE & AXELROD LLP 1450 Brickell Avenue, Suite 2300, Miami, FL 33131 -3456 Tel 305.374.7580 Fax 305.374.7593 www.bilzin.com Page 2 December 29, 2010 2. Commitments: The Owner intends to comply with all permitting and infrastructure requirements enumerated in the Development Agreement, 3. Compliance: The 2005 Application meets all concurrency requirements, pursuant to Section 6 of the Development Agreement, and is consistent with the City of South Miami Comprehensive Plan, pursuant to Section 9 of the Development Agreement. The Owner continues to keep tax payments current; the attached Exhibit "B" is the cumulative 2010 tax payment to Miami -Dade County, totaling $494,576.46. 4. Assignment: The Owner has not assigned the Development Agreement to another entity and is in compliance with Section 15 of the Development Agreement. 5. Owner's Representations. The Owner affirms the representations made to the City in Section 24 of the Development Agreement. In summary and as documented above, the Owner has met or commits to satisfying all of the obligations set forth in the Agreement. Thank you for your attention to this matter and please do not hesitate to contact me if you have any questions or require any additional information. JBP:id cc: Thomas Vageline, Planning Director Laurence Feingold, Esq., City Attorney Max Mohler Bruce MacArthur MIAMI 2382936.1 7319013706 12/29/10 ( n BILZIN SUMBERG BAENA PRICE & AXELROD LLP 1111i11�tltlil�ll�illli RID1113411�111111f GFN 2�3t[I'&'IFi��20.449YJ OR Dk 26203 Pss 1380 - 140if (22pss) RECORDED 02/07/2008 10:5306 HARVEY RUVIN, CLERK, OF COURT t1IAtn -DARE C.OUHTY, FLORIDA DEVELOPMENT A(3REEMHNT HET'MN THE CITY OF SOUTH MIAMI, £LORIAA ,'ANA SOUTH MIAMI CORPORA'T'ION THIS DEVPLOBNENT AGAREN M ( "Agreement ") is made as of mav_ gg,Fi Tun* 14, 2045 by and between THE CITY OF SOUTH MIAMI, FLORIDA a.municipal corporation ("City") and SOUTH MIAMI CORPORATION ( ,,Company ") or its assignee. RECITALS WHEREAS, the Florida Local Government Del velopment Agreement Act, set forth in sections 163.3220 - 163.3243, Florida Statutes, set forth in Exhibit "A" (the "Act ") provides for the execution of development agreements for a term not to exceed ten (20) years to insure that the law in effect at the time of the execution of the development agreement shall govern the development of the land for the duration of the agreement; and WHEREAS, the city commission of the City of South Miami has adopted ordinance No. 05 -05 -1821 which implements the Act and permits the consideration and the adoption of this agreement; and WHERL"AS, the Company owns approximately 9.5 +/- acres, zoned HD -OV, described in Exhibit "$," (the "Property "); and WSEREAS, the Company desires to construct a mixed use development encompassing retail, office and residential components described in Exhibit "C," (the "Project ") in the Hometown District Overlay Zone within the City of South Miami. Page 1 of 17 RL-� 1`�} EXHIBIT "A" Book26203 /Page1380 CFN #20080104490 Page 1 of 22 a�b NOW, THERZVORE, in consideration of the above recitals and the following covenants, terms and conditions the receipt and sufficiency of which are expressly acknowledged, the city and Company covenant and agree as follows: 1. Incorporation of Reoitala. The recitals set forth above are true and correct and are incorporated herein by this reference. 2. Property. The Company owns the property as described in. Exhibit "A", This property is deemed to be one unified parcel and is subject to the unity of title pursuant to the requirements of sections 20.7.30 and 20- 5.14 of the City Land Development Code (the "LDC ") attached hereto as Exhibit "D ". 3. Effectiva Data; Duration of Agreement. This agreement shall become effective after it has been recorded in the public records of Miami -Dade County and thirty (30) days after it is received by the Florida Department of Community Affairs (the "Effective Date ") . This agreement shall terminate ten years from the effective date of this agreement, unless otherwise extended or terminated as provided for herein or in the act. The maximum period of this agreement shall be ten (10) years from the effective date unless extended by mutual consent of all legal and equitable owners of the Property and the city upon approval at public hearing, as provided in the act. 4. use of Property. The property described in Exhibit "A" is to be utilized for the project described in Exhibit "C a mixed use residential, office and retail project with a residential use not to exceed 108 dwelling units on Page 2 of }A Book26203 /Page1381 CFN #20080104490 Page 2 of 22 approximately 4.5 +/- acres. The project will include "chamfered" corners where it abuts roadway intersections pursuant to Exhibit °C ". The occupied space of the project will not exceed four stories or fifty six (56) feet in height unless otherwise permitted by the South Miami comprehensive plan or its land development regulations. The total of occupied space of the project shall not exceed four stories. Non - occupied space shall not exceed a maximum height of fifty six feet. The project shall be built in two phases as follows: • Phase S shall consist of Blocks "R" and "GU "S' described in Exhibit "C ". • Phase it shall consist of Block ZQa "C° described in Exhibit "CO. • The Company may elect to implement the development plan in one posse. The 1" elect to utilima Block 'CO as a •--- ^ - -r bank facility with drive - through lanes knot to exceed four laneal which facility shall bo removed upon the issuance of the Certificate of occupancy for the Sank facility on Block "l, ". The overall development of the property shall be conducted in accordance with the approved site plan on file at the City, (attached and incorporated as Exhibit "B ") including elevations, architectural features and estimated commercial square footage pursuant to Section 20.3 -7, of the LDC. 5, Public F'acil'ities Serving the Project. In order to enhance public facilities in the city of South Miami, the Book26203 /Page1382 Page 3 of 17 CFN #200$0104490 Nntit %D'7k Page 3 of 22 Company agrees to provide the services listed below in compliance with Section 20 -4.1 of the LDC, including: (a) Roadways An operational traffic study was conducted, by the city and the Company agrees to the recommendations of city staff as set forth in their staff report which recommendations are incorporated herein by reference. (b) Parks and Recreation Based on the projected residential population on the Property, Company agreeso— peY—s* —ear the re. ......L.te ..i (c) Sanitary Sewers Water and Sewer services that comply with all requirements of Miami -Dade County for any building prior to issuance of a final Certificate of Use and Occupancy. Page 4 of 17 )k. 1"111147 Book26203(Page1383 CFN #20080104490 Page 4 of 22 (d) Solid Waste Solid Waste services that comply with all requirements of Miami -Dade County for any building prior to issuance of a final Certificate of Use and occupancy. (e) Schools The Company commits to pay upon the issuance of the initial certificate of occupancy any required Miami -Dade County school Board school impact fees. 6. Concurrency. The City of South Miami has determined that the Company's performance under the Development Agreement satisfies the concurrency requirements, as delineated in Section 20 -4.1, City Code. By execution of this Agreement, the City acknowledges that the application for site plan approval meets all concurrency regulations enumerated in Section 20 -4.1 of the City Code, and that the site plan application and this Agreement are consistent with the city Comprehensive Plan and Land Development Regulations. 7. Fsrmits. The permits preliminarily identified as necessary for development of the project are described as follows: (a) Special Exception to permit four drive - through teller lanes within the site. (b) Special Exception to provide 72.2% +/- lot coverage. (c) Special Use permit to permit up to four restaurants with a maximum total of 13,820+/ - square feet with parking to be supplied from any Page 5 of 17 Book26203 /Page1384 CFN #20080104490 Page 5 of 22 excess parking within the site. Retail and restaurant parking shall be marked and signed. S. Development Conditions. The following conditions shall apply to the development of the project, (a) The Company shall meet all applicable building codes, land development regulations, ordinances and other laws, (b) The Company shall adhere to the requirements of all permits for the project. (c) The Company shall develop the project in conformance with the parameters set forth in this agreement. (d) All development shall be in accord with the site plan submitted with the special exception and special use applications, said site plan incorporated in Uhibit "C". (e) The company shall provide the Department of Blanning with a temporary parking plan, including an operational plan, which addresses construction employee parking during the construction period, said plan shall include an enforcement plan and shall be subject to the review and approval by the planning director prior to the issuance of any building permits and shall be enforced during construction activity. f) All conditions imposed by the City Commission shall be incorporated in this Development Agreement, g) Company shall reimburse the City its lost parking revenue from any metered parking. spaces Page 6 of 17 Book26203 /Page1385 CFN #20080104490 Page 6 of 22 adjacent to the Property which it occupies or uses during the construction period. h) The company shall donate to a city trust fund $9o,000.00 to be used by the city for traffic calming or other traffic mitigation programs within the City of South Miami, This money shall be donated to the City , prior to the issuance of its first building permit. 9. Consistency with City of South Miami Comprehensive plan and Land Development Regulations. The city has adopted a Comprehensive Plan and band Development Regulations in accordance with Chapter 163, Part II, Florida Statutes. The city finds that the project is, consistent with the city's comprehensive plan and the city's land development regulations. The project, a mixed use residential, office and retail development, as set forth herein, is consistent with t)Ye "Mixed -Use Commercial /Residential (Four Story)" designation on the future land use map, and the HD -OV zoning district on the official Zoning Atlas of the City of South Miami. Goal 2 of the Future Land Use Element identifies the defines the home town district which consists of the "Hometown District Overlay Zane," as defined in Article VII, sections 20 -7.1 through 20-7.52 of the city's land development regulations. 10, Vesting. As long as the development on the Property is in compliance with this Development Agreement, and all applicable laws, ordinances, codes and policies in existence at the time of the execution of the Development Agreement as well as other requirements imposed by the City Commission upon the ratification of the site plan approval Page 7 of 17 Book26203/Page1386 CFN #20080104490 Page 7 of 22 on the Property, the property shall not be the subject of a down zoning . application by the City and shall not be subject to any development moratorium, referenda action, ordinances, policies, or procedures enacted by the City that limits the development contemplated by this Agreement and depicted in the site plan. Any failure by this Agreement to address a particular permit, condition, term Or restriction shall not relieve the Company of the necessity of complying with the law governing said permitting requirements, conditions, terms or restrictions. 11. Permits, conditions, `forms and Rastrictions not ,Addressed. The failure of this agreement to address a particular permit, condition, term or restriction shall not relieve the Company or the city of the necessity of complying with the law governing said permitting requirements, conditions, terms, or restrictions. 12. Duration of Permits. The Company acknowledges that this agreement does not extend the duration of any permits or approvals. 13. Law Governing Development of the Property. The ordinances, policies and procedures of the City of south Miami concerning development of the property that. are in existence as of the execution of this agreement shall govern the development of the property fox the duration of the term of this agreement No subsequently adopted ordinances, policies, or procedures shall apply to the property except in accordance with the provisions of section 163.3233(2), Florida. Statutes, and ordinance No. 05 -05 -1827, as attached. Page 8 of 17 _ ft-'( i1Iy) Book26203 /Page1387 CFN##20080104490 Page 8 of 22 14. Taxaination. This agreement may be terminated by mutual written consent of the city and Company, subject to the terms and conditions herein. Either party may terminate this Agreement if the other party commits or allows to be committed any material breach of this Development Agreement. A "material breach" of this Agreement shall include, but not be limited to, a failure of either party to perform any material duty or obligation on its part for any thirty (30) consecutive day period. Neither party may terminate this Agreement on grounds of material breach of this Agreement unless it has provided written notice to the other party of its intention to declare a breach and to terminate this Agreement (the "Notice to Terminate ") and the breaching party thereafter fails to cure or take steps to substantially cure the breach within sixty (60) days following the receipt of such Notice to Terminate, with the exception of monetary breaches which shall be cured within thirty (30) after receipt of notice. 15. AV*:L4nnant, This Development Agreement may not be assigned by the Company except to an affiliated entity, without the prior written consent of the City. Subject to the preceding sentence this Development Agreement shall be binding upon the successors, assigns, and representatives of the parties hereto. An affiliated entity is an entity of which South Miami Corporation or a majority of its shareholders, directly or indirectly owns at least 51% of the beneficial interest. 16. Work rorce. The Company agrees to use its best efforts to enhance job opportunities for local citizens in connection with the project. To that end and in order to Page 9 of 17 h- k1li1k Book26203CPage1388 CFN #20080104490 Page 9 of 22 maximize job opportunities for applicants from South Miami, the Company shall send notice to the Community Redevelopment Agency Director of the City of South Miami, or a substitute designee by the City Manager, regarding employment opportunities related to any .(1) construction work on the Property, (2). temporary or permanent maintenance work on the Property, or (3) proposals for leasing of retail space or employment opportunities associated with retail space located on the Property. 17. Joint Prspaxation, This agreement has been drafted with the participation of the city and Company and their counsel, and shall not be construed against any party on account of draftsmanship. 18. Binding Effect. The burdens of this agreement shall be binding upon, and the benefits of this agreement shall inure to, all successors in interest to the parties of this agreement. 19. Captions and Headings. Paragraph headings are for convenience only and shall not be used to construe or interpret this agreement. 20. Applicable Laws, Jurisdiction, and Venue. This agreement shall be governed by and interpreted, construed, and enforced in accordance with the internal laws of Florida without regard to principles of conflicts of law, This agreement may be enforced as provided in Section 163.3243, Florida Statutes. venue for any litigation pertaining to the subject matter hereof shall be exclusively in Miami -Dade County Florida. Page 10 of 27 Am r%1, Book26203/Page1389 CFI #20080104490 Page 10 of 22 21, mnforeement. In any litigation arising out of this agreement, the prevailing party shall be entitled to recover its costs and attorneys fees. Attorney's fees payable under this paragraph shall not exceed 2596 of the amount of damages awarded to the prevailing party and no party shall be entitled to pre- judgment interest. In any in or other action not seeking damages under this paragraph, legal fees may be awarded in the discretion of the court, but shall be reasonable and shall not exceed an hourly rate of $300.00 per hour. 22, Snspection. Nothing in this Agreement shall be construed to waive or limit the city's governmental authority as a municipal corporation and political subdivision of the State of Florida. The Company therefore understands and agrees that any official 'inspector of the City of South Miami, or its agents duly authorized, have the right to enter, inspect and investigate all activities on the premises to determine whether the Property complies with applicable laws including but not limited to building and zoning regulations and the conditions herein. 23. Authorization to Withhold Pezvd.ta and Inapections. In the event the Company is obligated to make payments or improvements under the terms of this Development Agreement and such payments are not made as required, or such improvements are not made as required, in addition to any other remedies available, the City of South Miami is hereby authorized to withhold any further permits on the portion of the Property failing to comply with this Development Agreement, and refuse any inspections or grant any approvals, with regard to that portion of the Property Page 11 of 11 Book262031Page1390 CFN #20080104490 Page 11 of 22 until such time this Development Agreement is complied with. 84. .Representationo of the Company. The Company represents to the City as follows: (a) The execution, delivery and performance of this Agreement and all other instruments and agreements executed in connection with this Agreement have been properly authorized by the Company and do not require further approval by Company. (b) This Agreement has been properly executed, and constitutes Company's legal, valid and binding obligations, enforceable against Company in accordance with its terms. (c) There are no actions, suits or proceedings pending or threatened against or affecting Company before any court or governmental agency that would in any material way affect Company's ability to perform this Agreement. (d) Company shall not act in any way whatsoever, directly or indirectly, to cause this Agreement to be amended, .modified, canceled, or terminated, except pursuant to its express terms, and shall take all actions necessary to ensure that this Agreement shall remain in full force and effect at all times. (e) Company has the financial capacity to pay or advance to the City all fees and payments as reauired under this Agreement. Page 12 of 17 Book26203 /Page1391 CFN #20080104490 Page 12 of 22 , 25. Severability. In the event that any of the covenants, agreements, terms, or provisions contained in this agreement shall be invalid, illegal, or unenforceable in any respect, the validity of the remaining covenants, agreements, terms; or provisions contained herein shall be in no way affected, prejudiced, or disturbed thereby. 26. Waivers. No failure or delay by Company or the City to insist upon the strict performance of any covenant, agreement, term or condition of this Agreement, or to exercise any right or remedy consequent upon the breach thereof, shall constitute a waiver of any such breach or any subsequent breach of such covenant, agreement, term or condition. No covenant, agreement, term, or condition of this Agreement and no breach thereof shall be waived, altered or modified except by written instrument. No waiver of any breach shall affect or alter this Agreement, but each and every covenant, agreement, term and condition of this Agreement shall continue in full force and effect with respect to any other then existing or subsequent breach thereof. 27. Annual Report and Review. it shall be the responsibility of the Company to submit an annual report to the City sufficient to fulfill the requirements as .stated in the provisions of section 163.3235, Florida Statutes, and Ordinance No, 05- 05 -20D5. This agreement shall be reviewed annually on the anniversary of the effective date of this agreement. The Company, or its assign, shall submit an annual report at least 30 days prior to the annual review date. This report shall contain a section -by- section listing of what obligations have been met and the date Page 13 of 17 Book262031Page1392 CBN##20060104490 Page 13 of 22 finalized, as good faith. compliance with the terms of the agreement. The city commission shall review the annual report at a public meeting. if the City Commission finds, on the basis of substantial competent evidence, that there has been a failure to comply with the terms of the Development Agreement, the Agreement may be revoked or modified by the City. The obligation to submit an annual report shall conclude upon the date on which the agreement is terminated. 28. Notices. Any notices or reports required by this agreement shall be sent to the following: For the City: City Manager City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Copy to: Planning Director Planning and Community Development Department City of South Miami - 6130 Sunset Drive South Miami, Florida 33143 For thoa Company: South Miami Corporation Attn: Donald F. Hunter, Vice President And Wade R. Wacholz, counsel 5750 Sunset Drive South Miami, Florida 33143 Copy to: Wade R. Wacholz, Esq. Gislason &Hunter, L.'LP. P.D. Box 5297 Hopkins, Minnesota 55243 -2297 W. Tucker Gibbs, Esq. 215 Grand Avenue Coconut Grove, Florida 33133 Page 14 of 17 ' lu Book26203 /Page1393 GFN #20080104490 Page 14 of 22 29. Exhibits. additional terms o herein by reference. All exhibits attached hereto contain this agreement and are incorporated 30. Amendment. This agreement may be amended by mutual written consent of the city and Company so long as the amendment meets the requirements of the act, applicable city ordinances and Florida law. 31. Entire agreement. This agreement represents the entire agreement and no prior or present agreements or representations shall be binding upon either the city or Company, unless specifically incorporated herein by reference, whether such prior present agreements have been made orally or in writing. Each party affirmatively represents that no promises have been made to that party that are not contained in this Agreement, and the Exhibits, and stipulates that no evidence of any promises not contained in this Agreement, and the Exhibits, shall be admitted into evidence on its behalf: This Agreement shall not be supplemented, amended or modified by any course of dealing, course of performance or uses of trade and may only be amended or modified by a written instrument duly executed by officers of both parties. 32. Third Party 8aneficiary. This Agreement is exclusively for the benefit of the parties hereto and their Affiliates and it may not. be enforced by any party other than the parties to this Agreement and shall not give rise to liability to any third party other than the authorized successors and assigns of the parties hereto. 33. Periods of Time. Whenever any determination is to be made or action is to be taken on a date specified in Page 15 of 17 Book26203 /Page1394 CFN #20080104490 �" 11(4 Page 15 of 22 this Agreement, if such date shall fall on a Saturday, Sunday or legal holiday, then in such event said date shall be extended to the next day which is not a Saturday, Sunday or legal holiday. 34. Counterparts. This Agreement may be executed (including by facsimile) in one, or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 35. Recordation. Within 20 days after the Development Agreement has been signed by both the Company and the City, the Applicant shall cause a copy of the Development Agreement to be recorded at the Applicant's expense in the registry of deeds in Miami -Dade County. 36. Abandonment of Right -of -Way. The City agrees to abandon the right -of -way adjacent to the property to the buildable line. The Company shall contemporaneously grant to the city an easement from the right-of -way adjacent to the property to the buildable line for all future needs of the City. To ensure that the proposed structure does not. interfere with the City's future needs, any permanent structure extending out over the City's easement shall provide the City with clearance as provided in the Hometown Overlay District in the Land Development Code (10 -feet minimum), Page 16 of 17 Book26203 /Pagel395 CFN #20080104490 Page 16 of 22 PASSED AND D'IDLY ADOPTED by the city, ebmmission of the,�,/ City of South Miami, Florida, this . day of*�200, %"lft(e ,2oa TEST: TY'CLERK APPROVED: / YOR AGREED TO this 2 ()Q/. IT witnesses: SOUTH MIAM CORPORATION �'��� mire President Print Name A+z"%n Print Name L. i NIT lR E STATE OFFL4RT- fiA.7i��nto�g 1 COUNTY OF '?ffAMI BAR (!0QK ) The foregoing instrument was acknowledged before me this day of [:+Eee.^i64JZ 2005�by 4. RoCKWEtt WlRTL who is persQ,�elly known to me or who produced '^---: as identification, on behalf of the corporation. CYNTt44 E. KRCH My Commission expires: OFFICIAL SEAL y } Rotm umbnkdoone olofYN95 ok <, 2011 Page 17 of 17 Book26203 /Page1396 CFN #20050104490 Page 17 of 22 h� ORDINANCE NO. 05-05-1827 AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA ADOPTING A DEVELOPMENT AGREEMENT PURSUANT TO FLORIDA STATE STATUE 163.3221. FOR A UNIFIED DEVELOPMENT PROJECT KNOWN AS "PROJECT SUNSET" WHICH WILL INCLUDE THREE BUILDINGS UP TO FOUR (4) STORIES IN HEIGHT AND THE FOLLOWING USES: 108 MULTI - FAMILY RESIDENTIAL UNITS, RETAIL USES, OFFICE USES, RESTAURANTS, BANK AND PARKING GARAGES; ALL FOR PROPERTY LOCATED GENERALLY AT 5750 SUNSET DRIVE AND LEGALLY DESCRIBED AS LOTS 6 THRU 9, 40 THRU 45, .53 THRU 66 INCLUSIVE AND THE EAST 50 FEET OF LOTS 51 AND 52 OF W. A. LARK1NS SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT PAGE 198 OF THE PUBLIC RECORDS OF MIAMI -DADS COUNTY; PROVIDING FOR SEVERABILPPY; PROVIDING FOR ORDINANCES IN CONFLICT; AND PROVIDING AN EFFECTIVE DATE WHEREAS, in 2005 the South Miami Corporation is requesting approval of a Development Agreement for a 4.5 acre proposed unified development to be called "Project Sunset" which will include a total of 108 dwelling units and 87,212 square feet of commercial space on property located generally at 5750 Sunset Drive and legally described as lots 6 thm 9,40 thrn 45,53 thm 66 inclusive and the east 50 feet of Lots 51 and 52 of W. A. Larkins subdivision according to the plat thereof recorded in plat book 3 at page 198 of the public records of Miami -Dade County; and r+. WHEREAS, the City Commission at its March 1, 2005 meeting adopted a resolution allowing two special exceptions and adopted a special use resolution permitting the location of four restaurants in the unified development; and WHTRE:AS, the Florida Local Government Development Agreement Act, set forth in sections 163.3220- 163.3243, Florida Statutes, provides for the execution of development agreements to insure that the law and regulations in effect at the time of the execution of the development agreement shall govern the development of the land for the duration of the agreement; and WHEREAS, the South Miami Corfavation has proposed the execution of a development agreement with the City of South Miami pertaining to the mixed use project eatitled "Project Sunset" which agreement would set forth all of the conditions and commitments required by the City resulting from the approval of the special exception and special use requests; and WHEREAS, the Planning Board at a meeting on February 22, 2005 after a public hearing, adopted a motion by a vote of 4 aye 1 nay recommending approval of the proposed Development Agreement subject to specific revisions and conditions, which have been included in the draft agreement; and WHEREAS, the Mayor and City Commission of the City of South Miami desire to accept the recommendation of the Planning Board. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND THE CITY COMMISSION OF THE C)T Y OF SOU'T'H NHAMI, FLORWA: Section I That a Development Agreement, attached as Exhibit "A" g&_aMrer1&d_-dur1nZ the arch 1.005 kublie heazuz, and dated March 15, 2005 between the City of South Miami, Florida, and the South Miami Corporation pertaining to a 4.5 acre proposed Book26203 /Page1397 CFN #20080104490 Page 18 of 22 Ord. No. 05 -05 -1827 2 unified development to be called 'Trojeot Sunset' which will include a total of 108 dwelling units and 87,212 square feet of commercial space on property located generally at 5750 Sunset Drive and legally described as Lots 6 thrn 9, 40 thru 45, 53 thru 66 inclusive and the east 50 feet of Lots 51 and 52 of W, A.. Larkins subdivision according to the plat thereof recorded in Plat Book 3 at page 198 of the public records of Miami -Dade County is approved. Section 2 If any section, clause, sentence, or phrase of this ordinance is for any reason held invalid or unconstitutional by a court of competent jurisdiction, this holding shall not affect the validity of the remaining portions of this ordinance. , Section 3 All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 4 'Phis ordinance shall be effective immediately afrer the adoption hereof. PASSED AND ADOPTED this _ day of )k 4.e 2005 ATTEST: APPROVED: I" Reading- 3/1/05 znd*sding-3 / 15 / 05 APPROVED AS TO FORM: Exhibit "A" Development Agreement & \Comm Items\ 2005 \3- 1- 051DevelopmentAgreement Bank Orddoc COMMISSION VOTE: 4 -1 Mayor Russell: Yea Vice Mayor Palmer. Yea CommissionerWiscombe: Yea Commissioner Birts- Cooper: Yea Commissioner Sherar Nay Book26203 /Page1398 CFN##20080104490 Page 19 of 22 AN ORDINANCE OF THE MAYOR AND CITY C0V M[SS1ON OF THE CITY OF SOUTH MIAMI, FLORIDA AMENDING THE AEVELOPMENT AGREEMENT ADOPTED AS PART OF ORDINANCE 140.05-05.1827 WHICH APPROVED THE DEVELOPMENT AGREEMENT FOR A UNUITED DEVELOPMENT PROJECT KNOWN AS 00PROJECT SUNSET" LOCATED GENERALLY AT 5750 SUNSET DRIVE AND LEGALLY DESCRIBED AS LOTS 6 THRII 9, 40 THRII 45,53 THRU 66 INCLUSIVE AND THE EAST 50 FEET OF LOTS 51 AND 52 OF W. A. LARRINS SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT PAGE 198 OF THE PUBLIC RECORDS OF MIANH -DADS COUNTY*, THE PURPOSE OF THE AMENDMENT IS TO AUTHORIZE THE ADM MTRATION TO PROVIDE A SPECWXC AMOUNT OF PARK AND OPEN SPACE CONCURRENCY PAYMENT. TO THE CITY, AMENDING THE DATE FOR PAYMENT, AND ADJUSTING THE RDORDINANCES IN CONFLICOT; AND PROVIDING AN EFFEC IVE DDATE ' PROVIDING FOR WHEREAS,, the City Commission at its March 1, 2005 special meeting approved special exceptions to permit "Project SuaseP', a unified mixed use development consisting of rezidartial office and retail uses generally located at 5750 Sunset Drive; and WHEREAS, the City Commission at its March 15, 2005, meeting adopted Ordinance No. 05- 05 -1827 approving a Development Agreement between the City and the developer, the South Miami Corporation for Project Sunset; and . WHEREAS, Section 4 of the Development Agreement entitled "Use of Property" sets forth a phasing schedule for the development of the project; and WHEREAS, the Administration has now negotiated an amended phasing schedule which should reduce the impact of the development program on traffic and parking in the area; and WIMREAS, Section 5 (b) of the Development Agreement entitled "Public Facilities Serving the Project" provides a formula for determining the amount and timing of a park and open space concmrency payment to be made by the developer to the City; and WHEREAS, the Administ melon has now negotiated a specific amount and revised timing of the. park and open space coucurrency payment to be made by the developer to the City; and WHMREAS, the Planning Board at a special meeting its May 10, 2005 meeting after a public hearing, adopted a motion by a vote of 5 aye 0 ray recommending approval ofthe proposed amendment to the Development Agreement. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND TEE CITY COMMISSION OF THE CITY OF SOUTH MIAI&, FLORIDA; Section 1 .That Section 4 entitled "Use of Property" of the Development Agreement between the City and the South Miami Corporation for Project Sunset adopted by Ordinance No. 05-05 -1827 at the March 15, 2005 City Commission meeting, is heraby amended to read: 4. "Use of Property. The property described in Exhibit "A" is to be utilized for the project described in Exhibit "C ": a mixed use residential, office and retail project with a residential use Book26203 /Page1399 CFN #20080104490 Page 20 of 22 drd. INo. 18-05-1840 2 1 3 4 5 6 7 8 9' 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 not to exceed l08 dwelling units on approximately 4.5 +/. acres. The project will include "chamfered" comers where it abuts roadway intersections pursuant to Exhibit "C". The occupied space of the project will not exceed four stories or fifty six (56) fed in height unless otherwise permitted by the South Miami comprehensive plan or its land development regulations, The total of occupied space of the project shall not exceed four stories. Non - occupied space shall not exceed a maximum height of fifty six feet. The project shall be built in tiwo phases as follows: Phase I shall consist of Blocks "A" and UGM "fill described in Exhibit "C Phase 1I shall consist of Block 4!4= "C" described in Exbibit "C ". The Company may elect to bnattIement the rievelopnaent ratan In one phase The overall development of the property shall be conducted in accordance with the approved site plan on file at the City, (attached and incorporated as Exhibit "C ") including elevations, architectural features and estimated commercial square footage pursuant to Section 203.4, of the LDC." , Section 2 That Section 5(b) entitled "Public Facilities Serving the Project" of the Development Agreement between the City and the South Miami Corporation for Project Sunset adopted by Ordinance No, 05-05 -1827 at the March 15, 2,005 City Commission meeting, is hereby amended to read:. 5. "Public Facilities Serving the Project b) Parks and Recreation Based on the projected residential population on the Property, Company agreese#�r -ter Section 3 If any section, clause, sentence, or phrase of this ordinance is for any reason held invalid or unconstitutional by a court of competent jurisdiction, this holding shall not affect the validity of the remaining portions of this ordinance, Section 4 All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Book26203 /Page1400 CPN #20080104490 Page 21 of 22 rq Ord. No. 18 -05 -1840 .n. r4 t7 a M NW IM Nd NM tL Q pJ Section 5 This ordinance shall be effective immediately after the adoption hereof.. PASSED AND ADOPTED this day of 2005 ATTEST: APPROVED; Mmw=--- I8' Reading- 6/7/05 2"d Reading— 6/14/05 �aF�. •� M � r' i r CONSUSSSON VOTE: Mayor Russell: Vice Mayor Palmer: Commissioner Wiseombe: Commissioner Birts- Coopsr Commissioner Sherar New wording vnderlined,, wording to be removed indicated by strikethrough \it.1CG &UpkV'YFNCt7N('iCOmm Rcros120eN- 7 -051T)creiopment AgttnmeM ProJttt Sunset Qrd.dcc 91 4 -0 Yea absent Yea Yea Yea Book26203 /Page1401 CPN #20080104490 Page 22 of 22 g q o b ONC.� o 0ry 9 a o a o h h(NNNOOOh, r. r co OO co 07 N � rr <-•rrrNNCV M M aOt�OCO Cfl P6 4 t(7MC71 In Cf) C7�MN CO N00 0 CO CO CO M W F`• CO h O in h M r O 'd' r rn>neY V��tMcYMCJmohvt0 U ` ` `� l tV N h; Cn Cn Q) W Cn M r P` M 41 N N M d' y O O ti! V) e7 r � � M Nei' V (0 d•NN� 'C M CO CO CO N CO CO 67 r M W W N 'CY' CO �i � `3' er I N r LID r CC) 4 h CO co I M rrrMrr I M COOOOMONIW W OM W CO r p p p M O CO N N V' h M r SP Jam. ri"hhei i`�N CV CO 1•rO co M M N N N O N O M 00 h. 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O O O O YO r` a JN U) co W s L' v G'J z 00 0 NNC.� d N r d d N N N td- 0 k¢ Natfonat S' nK south[ Mi.'1m1 11/08/10 MIAMI -DADE TAX COLLECTOR TAX SECTION 140 WEST FLAGLER STREET, SUITE 1407 MIAMI, FL 33130 -1575 It]Bank n'l of h^?CUM =1 * *521,929.89 MIAMI -DADE TAX COLLECTOR Vendor Number 5940 INVOICE NO DATE AMOUNT PAID GL ACCOUNT DESCRIPTION -------- - - - - -- -- ----------- ---------- -- __- -- ---- -- YEAR 2010 11/01/10 494,576.46 'i10000290.70 MIA -DADS TAX COLLECTOR -RE YEAR 2010 11/01/10 27,353.43 1000029050 MIA -DADE TAX COLLECTOR -PR - CHECK AMOUNT - 521,929.89 400004347 ' 914t1F. 9SSUEp BY•MpNEVGRAM PAYMETlT 9YSTEMB, INC. P.O. BOX 8476;MINNEAPOUs ; yN 55480' pMV✓EE. T}IE BANK OF NEJJVgWC NF1LON, 6LERETT, MA . QATE 11/08/10' PAY ... Exaply * * * * ** *521,929 and 89/•100 dollars: AMOUNT. * *521,929.89 1°6 THE . MIAMI -DARE TAY COLLECTOR 3 h 1, , <� . DRDER �'��''� OF TAX SECTION �'� ORAWER: Fh 6 NATIONAL BANK OF SO&i*l MIAMI SUITE:I4 FLAGLER STREET, SUTTE`. 1407 MIAMI, FLI 33130 --1575 n °400004347n■ �,� b 60709 21.d i50Q b 2 k6 2 ?4D11°