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Plat Improvement Agreement CArev2 RIGHT-OF-WAY IMPROVEMENT AGREEMENT BETWEEN CITY OF SOUTH MIAMI AND GLORIA BETANCOURT, TRUSTEE THIS AGREEMENT is entered into on this ______ day of February, 2014 by and between GLORIA BETANCOURT, TRUSTEE OF THE GLORIA BETANCOURT REVOCABLE TRUST DATED MARCH 1, 2011 (Owner) and the CITY OF SOUTH MIAMI, a political subdivision of the State of Florida (City) and WHEREAS, Owner owns real property (the Property) located in the City and generally described by tax folio number 09-4035-000-0020 and located at the southeast corner of the intersection of SW 68 Avenue and SW 72 Street and legally described on Exhibit “A” attached hereto; and WHEREAS, Owner has an application for Final Plat pending with City and the City’s Code (specifically Section 17-9) requires an agreement to accompany any proposed plat of lands in order to provide for “the construction of street paving, parkways and other improvements within such proposed subdivision as well as the public right-of- way adjoining the real estate in accordance with the city’s specification” and; WHEREAS, in order to comply with Section 17-9 of the City of South Miami Code, the Owner and the City hereby enter into this Agreement to accompany Owner’s pending plat request based on the terms and conditions contained herein. NOW, THEREFORE, in consideration of the mutual promises, covenants and conditions herein stated, the parties stipulate and agree as follows: 1. The above referenced recitals are true and correct. 2. The Owner shall construct the right-of-way improvements reflected on the proposed Plat of Grandiose Subdivision, which improvements include the widening of SW 68 Avenue to a paved width of twenty (20) feet for that portion of SW 68 Avenue that abuts and runs parallel to the west boundary of the Property together with paving improvements to the southeast corner of the intersection of SW 68 Avenue with SW 72 Street and in accordance with the city's specifications and at the expense of the owners of the land to be subdivided 3. The above referenced paving requirements may be amended by the City after review of the tentative plat. 4. Owner shall remit the requisite security (bond; letter of credit; cash or other acceptable security) for the performance of the construction of the required improvements (Performance Bond) as required in Section 17-9 of the City’s Code. Owner shall be responsible for all costs and fees related to the Performance Bond. Said Performance Bond shall remain in force and effect until such time that the required right-of-way improvements are completed. The Performance Bond shall accompany this agreement. 5. Owner shall satisfy all state, county and City plan review, permitting and construction standards. 6. All notices given or required under this Agreement shall be deemed sufficient if sent by certified mail, return receipt requested or via hand delivery to the address specified below, unless either party shall specify in writing different address for the giving of notices. The return of a notice mailed to the address set forth below shall be deemed completed even if the envelope is returned due to being unclaimed or due to being undeliverable at said address. The date of delivery shall be the date of receipt or the date of the postal notice concerning non-delivery. 7. The construction work is to be completed within one year from the date of such submission unless provided otherwise in writing by the City Manager. For the City of South Miami: Steven J. Alexander City Manager 6130 Sunset Drive South Miami, Florida 33143 Telephone: 305-668-2510 With Copy To: City Attorney 6130 Sunset Drive South Miami, Florida 33143 Telephone: 305-667-2564 For Owner: Gloria Betancourt, Trustee WE NEED AN ADDRESS 7. For the purposes of this Agreement, Florida law shall govern the terms of this Agreement. Venue shall be in Miami-Dade County, Florida. IN WITNESS WHEREOF, Gloria Betancourt, Trustee of the Gloria Betancourt Revocable Trust dated March 1, 2011 this agreement is accepted and delivered on the date stated above by the following signatories. CITY OF SOUTH MIAMI By: _______________ Steven J. Alexander City Manager ATTEST: By: _______________________ Maria M. Menendez, CMC, FCRM City Clerk APPROVED AS TO FORM AND CONTENT: By: Thomas F. Pepe, City Attorney Gloria Betancourt, Trustee STATE OF FLORIDA ) ) ss: COUNTY OF MIAMI-DADE ) ACKNOWLEDGEMENT OF PROPERTY OWNER The foregoing instrument was acknowledged before me this _______ day of January, 2014 by Gloria Betancourt, Trustee, who is personally known to me or has produced as identification. Notary Public, State of Florida STATE OF FLORIDA ) ) ss: COUNTY OF MIAMI-DADE ) ACKNOWLEDGEMENT OF CITY OF SOUTH MIAMI The foregoing instrument was acknowledged before me this _______ day of January, 2014 by Steven J. Alexander, City Manager of the City of South Miami, on behalf of the City, who is personally known to me or have produced and, respectively, as identification. Notary Public, State of Florida Print name: _____________ Commission No: Page 3 of 3