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Res No 208-16-14763
RESOLUTION NO.?nR-ifi-i47^ A Resolution relating to the review and acceptance of the Annual Development Agreement Report of the RRC 57th Avenue LLC [Red Road Commons]. WHEREAS,the City Commission atits April 9,2005 meeting approved Ordinance No. 12-05-1834 allowing RRC 57th Avenue LLC to construct a project that includes 404 residential unitsandretailspace.The approval includedazoningmap amendment grantinga PUD-M zoning district,an approval of a master siteplan,andtheapproval of a Development Agreement;and WHEREAS,theCity Commission approved a Development Agreement forthe mixed use development project,known asRedRoadCommonsonApril9,2005viaOrdinanceNo.12-05- 1834,whichagreementwasfullyexecutedandwasrecordedintheCountyregistry of deedson March30,2007as required by Section 30 of the Agreement;and WHEREAS,theDevelopmentAgreementincludestherequirement(Section12)thatthe ApplicantsubmitanannualreporttotheCityatleast30dayspriortotheannualreviewdatewhich reportisastatusreportshowingthatobligationshavebeenmetandthattherehasbeencompliance withthe provisions of the Agreement;and WHEREAS,theAnnualreportwas submitted totheCityonFebruary 26,2016fromthe developer's attorney Jerry Proctor,said report concluding thatallofthe obligations set forth inthe Development Agreement aremet;and WHEREAS,theannualreportin accordance withtheDevelopmentAgreementmustbe reviewedbytheCityCommissionatapublicmeetingandtheCityCommissionmayacceptthe reportor if thereisafindingbythe Commission thattherehasbeena failure tocomplywiththe termsoftheDevelopmentAgreement,theAgreementmayberevokedormodifiedbytheCity. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA: Section 1.The Annual Report submitted by RRC 57th Avenue,of the property located at 6600 SW 57 Avenue asrequiredbySection 12 ofthe Development Agreement isacceptedasto compliance with the Development Agreement under the condition that RRC 57th Avenue LLC shall: (a)employasecurity firm topatrolthepremisesat6600SW57Avenuetomonitor unauthorizedbehaviorandrespondtocomplaintsorsuspiciousactivity;and (b)securityfirmtopatrolsshalloccuronfootorbygolfcarttypevehicleduringthetime periodbetween8:00p.m.and3:00a.m.,seven(7)nightsperweek;and (c)RRC 57th Avenue LLC shall work with the City Police Department to monitor crime statistics and determine thebest times to patrol the premises;and (d)Thepatrolstimesmaybeamendedbutonly if approved inwritingbytheCityManager; and (e)the acceptance of theAnnualReportshallnotbetreatedasan agreement orconsentto any request thatmaybe contained withinthereport;and (f)if RRC 57th Avenue LLC fails to comply with the foregoing conditions,the City Commission's acceptance of theAnnualReportshallbe subject revocationandtheCity Commission reserves the right to revoked or modified the Development Agreement. Pg.2 of Res.No.208-16-14763 Section 2.This resolution shallbe effective immediately upon being adopted. PASSED AND ADOPTED this 1st ,day of November ,2016. ATTEST:APPROVED: CITY CLERK READ AND^fPROVED AS TO FORM T.ANfiT TAf$E.XJJfJA T.m fON'THEREC MUAj Commission Vote:5-0 Mayor Stoddard:Yea Vice Mayor Welsh:Yea Commissioner Edmond:Yea Commissioner Harris:Yea Commissioner Liebman:Yea CITY OF SOUTH MIAMI SoutlrMiami ^^.SSETHECITYOFPLEASANTLIVINGINTER-OFFICE MEMORANDUM To:The Honorable Mayor &Members of the City Commission From:Steven Alexander,City Manager Date:November 1,2016 Agenda Item No.:_<? Subject: A Resolution relating to the review and acceptance of the Annual Development Agreement Report of the RRC 57th Avenue LLC [Red Road Commons]. Background: OnApril 9,2005,the City Commission approved Ordinance No.12-05-1834 allowing fora Planned Unit Development,Mixed-Use project knownasRedRoad Commons located at 6600- 6640 SW57 Avenue,to be constructed that included upto407 multi-family residential units, retail uses,office uses and a parking garage.Pursuant to Section 12of the Development Agreement between the City of South Miami and RRC 57th Avenue LLC,executed March 29, 2007,the developer's legal counsel submitted their annual report on February 26,2016. Analysis: After review of the attached development agreement that was provided byMr.Jerry Proctor Esq.,it was noted that in January 2016,the Property was sold by RRC 57th Avenue,LLC (The "Prior Property Owner")to SCG AtlasRedRoad Commons,LLC,a Delaware limited liability company.Thelawfirm of Bilzen Sumberg BaenaPrice&Axelrod LLP will represent SCG Atlas RedRoad Commons,LLC (the "Owner")andwillbe the designated recipient ofNotices pursuant to Section 23 of the Agreement.The burdens and benefits of the Agreement inure to the Owner as successor in interest.As listed in the attached letter from Mr.Proctor,below isa summary ofhow the Development Agreement conditions have been met. 1.Permitted Uses,Densities,and Intensities In accordance with the provisions of Section 1of the Agreement,the Property was developed witha total of 404 residential units,not exceeding the maximum allowable number of407 residential units permitted by the agreement.By developing the property in accordance with the revised adopted master planas approved by the City,the owner has satisfied the condition of providing retail space,a management office,and constructing buildings that do not exceed 5 stories in height. 2.Public Facilities In accordance with Section 2 of the Agreement,water and sewer services,solid waste services,and drainage services complied withall applicable requirements of Miami-Dade County and the Florida Building Code prior to the issuance of a final Certificate of Occupancy Red Road Commons Annual Development Agreement Report November 1,2016 Page 2of3 of such buildings.The Prior Property Owner satisfied the traffic conditions listed in Section 2(e)of the Agreement by obtaining permits from the Florida Department of Transportation for roadway improvements on Red Road from US-1 to SW 66th Streetand traffic signal replacement for the intersection located atRedRoad and Levante Avenue;both of which have been completed. The required annual housing report was submitted to the Cityby letter dated January 13, 2016.As indicated in the letter,the project meets the 10%requirement that units be rented to"individualsorfamiliesin the moderate income segment of the affordable housing group/'Additionally,the Prior Property Owner made a $100,000 payment to the Cityprior to occupancy of the development on the Property to assist inlow income housing development in the CRA area. 3.Taxes Pursuant to Section2of the Agreement,the Owner paid taxes to the Cityinan amount equal to the annual Operating Millage Rate andwill continue to dosoin the future.The Prior Property Owner paid 2015ad valorem taxes to Miami-DadeCountyin the amount of $1,095,085.45. 4.Work Force .. In accordance with the provisions ofSection4of the Agreement,the Prior Property Owner gavea preference to job applicants residingin the City.ThePrior Property Owner provided those applicants withjobsduringboth the demolition and construction portions of development. 5.Site Plan TheOwnerhas abided byallsiteplanconditionsas set forthinSection5of the Agreement. In addition,the Prior Property Owner participated inajointworking group with the First Methodist Church of SouthMiamiregarding traffic improvements and committed toan improvement planfor the portionof Red Road located between the PropertyandtheFirst United Methodist Church of South Miami. 6.Security OnMay5,2014,as part of the approval of the 2014AnnualReport,the CityCommission directed stafftoreviewsecurity measures and security reports providedby management at Red RoadCommons,to address securityconcerns.By letters dated July2,2014,November 3,2014,and January 30,2015,reports describing security efforts and identifying security personnel assisting RedRoad Commons management were submitted to the City Manager, PoliceChiefandCity Attorney.In 2015,there was additional discussion by the City Commissiononthis issue.Further discussions have occurred since the Annual Report was submitted,and the Property Owner has agreed to employ a security firm to patrol the premises between 8:00 p.m.and 3:00 a.m.,seven (7)nights per week.Any change to this time frame must be approved by the City Manager.Pursuant to Section 12of the MWL Z:\Commission ltems\2016\ll-01-2016\Red Road Commons Annual Development Agreement\RRC_AnnuaI Report_CM Report_ll-01- 2016.docx Red Road Commons Annual Development Agreement Report November 1,2016 Page 3 of 3 Agreement,no written notices have been provided by the City to either the Prior Property Owner or the Owner. 7.Schools ThePrior Property Owner donated $34,800 to the Miami-DadeCountySchoolBoardon September 27,2007. 8.Unity of Title The Prior Property Owner submitted aUnityofTitle that was recorded inO.R.Book 25496 at Pages 47-51. Please refer to the additional detail contained in the report submitted by the owners' representative. Recommendation: Staff recommends that the Commission accept the attached Annual Report MWL Z:\Commission ltems\2016\ll-01-2016\Red RoadCommonsAnnualDevelopmentAgreement\RRC_Annual Report_CM Report_ll-01- 2016.docx O Bilzin Sumberg Jerry B.Proctor Tel 305-350-2361 Fax 305-351-2250 iprodor@bllzln.com February 26,2016 HAND DELIVERY Steven Alexander,City Manager Cityof South Miami 6130 Sunset Drive South Miami,FL 33143 Re:Annual Report of Development Agreement for Property Located at 6600- 6630 SW 57th Avenue,City of South Miami.Folio Number 09-4025-026-0010 Dear Mr.Alexander:. Please accept this correspondence as the annualreportfor the property located at 6600- 6630 SW57thAvenue,South Miami,Florida(the "Property").The Propertyis developed witha mixed-use community commonly known as "Red Road Commons." In 2007,the property owner andtheCityof South Miami(the"City")entered intoa Development Agreement (the"Agreement")relatedtothe development of the Property.The Agreement,a copy ofwhichis attached hereto as Exhibit"A",was recorded in the Public Records of Miami-Dade CountyonMarch30,2007.Amodificationto the Agreement (the "Revised Agreement")was recorded in the Public Records onMarch 25,2010,and is attached hereto as Exhibit MB".Pursuant to Section 12of the Agreement,the Property owner is required to submit an annual report to the City.Please accept this correspondence as the annual report. In January,2016 the Property was soldbyRRC57th Avenue,LLC (the "Prior Property Owner")toSCGAtlasRedRoad Commons,L.L.C.,a Delaware limited liability company.The lawfirmof Bilzin Sumberg Baena Price&AxelrodLLP will represent SCG Atlas Red Road Commons,L.L.C.(the "Owner")and will be the designated recipientofNotices pursuant to Section 23ofthe Agreement.Pursuant to Section 20of the Agreement,the burdens and benefits of the Agreement inureto the Owner as successor in interest. 1.Permitted Uses,Densities,and Intensities:In accordance with the provisions of Section 1of the Agreement,the Property-was developed withatotalof 404 residential units,not exceeding the maximum allowablenumberof 407 residentialunits permitted by the Agreement.Development on the Property does not exceed five stories as limited by Section 1(c).Section 1ofthe Agreement also stated the Property shall be developed withretail space anda leasing office.The Owner has satisfied thiscondition. Development of the Property occurred in accordance with the revised adopted master MIAMI 4915380.1 77430/27649 Bilzin Sumberg Baena Price &Axelrod LLP|1450 Brickell Avenue,23rd Floor,Miami,Florida 33131-3456 Tel 305.374.7580 I Fax 305.374.7593 I bilzin.com Steven Alexander,City Manager ^^Jjilzill Sumt)Gr££ February 25,2016 OFebruary25,2016 Page 2 site plan as approved by the Cityand occurred in one phase.Pursuant to Section 1(f)of the Agreement,abuildingpermitfor development of the project was applied forwithin six months of the date onwhich the Agreement was signed.The Certificate of Occupancy was issued in December,2009.(See Exhibit "C").For additional information,see the letter dated December 4,2009,submitted to the City regarding the status of the Development Agreement.This letter outlines the numerous construction- related requirements in the Agreement and the Owner's compliance therewith.(See Exhibit "D"). 2.Public Facilities:In accordance with Section 2of the Agreement,water and sewer services,solid waste services,and drainage services complied withall applicable requirements ofMiami-DadeCountyandtheFlorida Building Codeforallbuildingsprior to the issuance ofafinal Certificate of Use and Occupancy and prior to occupancy of such buildings.The Owner paid $997,895.20 inonelumpsumto the Cityin satisfaction ofitsresponsibilityto meet parkandrecreation concurrency as stated in Section 2(d). (See Exhibit "E"fora copy of the payment). In satisfaction of the traffic conditions listed in Section 2(e)of the Agreement,the Prior Property Owner obtained permits from the Florida Department of Transportation for roadway improvements onRedRoadfrom US-1 to SW 66th Street and traffic signal replacement for the intersection located atRed Road and Levante Avenue.Both projects have been completed.ThePriorPropertyOwnerhas completed the remainder of the traffic improvements listedin the Agreement. The housing-related requirements contained in Section 2(f)of the Agreement obligates the Owner to rent 10%of the units "to individuals or families in the moderate income segment of the affordable housing group,"defined as individualsor families who are within 80%to 120%of the Area MedianIncome ("AMI")for Miami-Dade County.The 2015 AMI forMiami-DadeCountywas $49,900.Individualsorfamiliesfallingwithin80% to120%of the 2015 AMI had an annual income between $39,920 and $59,880.in compliance with the above requirement of Section 2(f),the Owner rented at least 10%of the totalunitstoindividualsorfamiliesfallingwithin that range.The Owner has established a reporting procedure with the City through which the Owner documents compliance with the requirements of Section 2(f).The required annual housing report was submitted to the Citybyletter dated January 13,2016 and has not yet come before the Mayor and City Commission forreview.Acopyof the January 13,2016reportis attached.Inaddition,the PriorPropertyOwner made a $100,000 payment to the City prior'to occupancy ofthe development on the Propertyto assist inlowincomehousing development in the CRA area. 3.Taxes:Pursuant to Section 3ofthe Agreement,the Owner haspaid taxes to the Cityin an amount equal tothe annual OperatingMillage Rate and will continue todo so in the future.The PriorPropertyOwnerpaid2015advalorem taxes toMiami-DadeCountyin the amount of $1,095,085,45.(See Exhibit "F"). 4.Work Force:In accordance with the provisions of Section 4of the Agreement,the Prior PropertyOwnergavea preference tojobapplicantsresidingin the City.ThePrior Property Owner provided those applicants with jobs during both the demolition and construction portions of development. MIAMI 4915380.1 77430/27649 febZy%%eiri>City Mamger ®Bilzin Sumberg Page 3 5.Site Plan:TheOwnerhasabidedbyallsiteplanconditions as set forth in Section 5of theAgreement.In addition,the Prior Property Ownerparticipatedinajointworking group with theFirstMethodistChurchofSouth Miami regarding traffic improvements and committedtoanimprovementplanfortheportionofRedRoadlocated between the Property and the First United Methodist Church of South Miami.A letter from the First United Methodist ChurchofSouth Miami verifying these discussions is attached as Exhibit "6".Theimprovementslistedintheletterhavebeencompleted. 6.Security:On May.5,2014,aspartoftheapprovalofthe2014AnnualReport,theCity Commissiondirectedstafftoreviewsecurity measures andsecurityreportsprovidedby management at Red Road Commons,to address security concerns.By letters dated July2,2014,November 3,2014,andJanuary30,2015,reports describing security effortsand identifying securitypersonnelassistingRedRoadCommons management weresubmittedtotheCityManager,Police Chief,andCityAttorney.In.2015,there was additional discussion bytheCityCommissiononthisissue.Pursuant to Section 12of theAgreement,nowrittennoticeshavebeenprovidedbytheCitytoeither the Prior Property Owner or the Owner. 7.Schools:ThePriorPropertyOwnerdonated$34,800tothe Miami-Dade CountySchool Boardon September 27,2007.See Exhibit "H"foracopyofthepayment. 8.Unity ofTitle:ThePriorPropertyOwnersubmitteda Unity of Title thatwas recorded in O.R.Book 25496atPages 47-51.See Exhibit Tfor a copyofthe Unity of Title. In summary andas documented above,theOwner has diligently pursued and completed development ofthePropertyandhasmetor commits tosatisfyingalloftheobligations set forth in the Agreement. Thank youforyourattentiontothismatterand please donot hesitate to contact meif you have any questions or require anyadditionalinformation. Sincerely, JBP:id Enclosures <^Jerry B,Proctor cc:Maria Menendez,CityClerk Thomas Pepe,Esq.,CityAttorney Gabriel Fisher,Red Road Commons ColleenYeager,Pinnacle Living MIAMI 4915380.1 77430/27649 :<9>Bilzin Sumberg AT TO RNEYS AT LAW Jerry B.Proctor,Esq. Tel 305.350.2361 Fax 305.351.2250 jproctor@bilzln.com January 13,2016 Via Hand Delivery Mr.Steven Alexander City Manager Cityof South Miami 6130 Sunset Drive South Miami,FL 33143 Re:"Red Road Commons" Property:6600 SW 57 Avenue,South Miami,FL Housing Report Dear Mr.Alexander: Our firm represents the owners and operators of the "Red Road Commons"mixed use development at 6600 SW 57 Avenue (the"Property")in the Cityof South Miami. •Pursuant tothe Development Agreement between the City ofSouth Miami and RRC 57th Avenue,LLC,acopyofwhichis enclosed,a minimum often percent (10%)oftheresidential unitson the Property will rent toindividualsorfamiliesin the Moderate Income Segment ofthe Affordable Housing Group.This requirement is contained in paragraph 2fon page 3ofthe. Development Agreement.1 Determinationofthe Moderate Income Segment is made annuallythrough the provisionof theAreaMedianIncomefromMiami-DadeCountybytheUnited States Department ofHousing and Urban Development.The area median incomefor Miami-Dade County is $49,900,as determined byU.S.HousingandUrbanDevelopmentinFiscalYear 2015.Moderate incomeis defined as those earning between 80%to120%ofthe annual median income.Accordingly,the currentincomelevelperunittocomplywiththe 10%requirement is between $39,920 peryear and $59,880 per year. Enclosed please findalistoftheunitswhere the residents complywiththeModerate Income Segment and,therefore,qualify theunits as such pursuant totheDevelopment VI have also attached an "Amendment to Development Agreement,"recorded on March 25,2010,that did not amendthehousing component oftheDevelopmentAgreement MIAMI 4877482.1 77430/27649 BILZIN SUMBERG BAENA PRICE &AXELROD LLP 1450 Brickefl Avenue,23rd Floor,Miami,FL 33131-3456 Tel 305.374.7580Fax305.374.7593 www.bii2in.com Steven Alexander. City of South Miami January13,2016 Page 2 Agreement.As of December 31,2015,390 units in "Red Road Commons"were rented out; accordingly,the attached list of units and incomes complies with the 10%requirement. I trust this submittal complies with the annual housing requirement in the Development Agreement.Please give mea call if you haveanyquestions. Sincerely, y^Jerry K Proctor JBP:id c:Maria Menendez,City Clerk,City ofSouth Miami (w/encl.) Dwayne Williams,Planning Director,City ofSouth Miami (w/encl.) Thomas Repe,Esq.,City Attorney,City of South Miami (w/encl.) Gabriel Fisher,Property Manager,Red Road Commons (w/encl.) Nazar Elwaztr,Equity Residential (w/ehcl.) MIAMI 4877482.1 77430/27649 ^J5^BILZIN SUMBERG BAENA PRICE &AXELROD LLP 2016-Metro Dade i AMIassetbyHUD \$49,900.00 ModerateIncomej '80%to120%ofAMI Definitionas set by HUD or $39,920 to $59,880 Total number of Apartments leased as of December 31, 2015 I Units in compliance I per.Development •Agreement 390 41 Red Road Commons Affordable Housing.Compliance Report for Year''ending December31,2015 Apartment Unit Type Initial-. Certification. Date-• Lease Expiration pate •• Annual-Lease Holder;.y inGome.r.Y.-'{* ^duld.ndt':^ e*6£ed.'•':''- ;$59-;880 ':r '•": Income as percentage of.:.y, 2015'HUDAtyilM Miami;Dade';'&**' GdUhty-setat..-..^.. $4.9-,900 by H0D-: in July'2015~:»>: •Should not exceed:120%.••£!; Irt-Gorripljance of • AMl.»bas'ed dn the * ^63erate:lhc6jTie= as^efine'd;by;h UD Actual Lease Rate 1 A-100 1x1 8/1/2015 7/31/2016 $50,124.00 100%Y $1,693.00 2 A-202 1x1 5/25/2013 7/24/2016 $48,000.00 96%Y $1,721.00 3 A-407 2x2 8/27/2014 7/26/2016 $48,000.00 96%Y $1,693,00 4 A-410 2X2 8/8/2015 8/7/2016 $51,273.00 103%Y $1,693.00. 5 8-103 2X2 10/31/2015 8/30/2016 $55,896.00 112%Y $1,950.00 6 &-106 1X1 12/5/2015 10/4/2016 $55,200.00 111%V $1,450.00 7 B-116 2X2 6/12/2015 7/11/2016 $51,300.00 103%Y $2,483.00 8 B-112 1x1 8/1/2015 7/31/2016 $51,000.00 102%Y $1,693.00 9 B-209 2x2 6/27/2015 6/26/2016 $51,000.00.102%Y $1,693.00 10 B-220 2X2 •3/9/2015 7/8/2016 $54,000.00 107%Y $2,445.00 11 B-307 2x2 9/16/2015 7/15/2016 $48,000.00 96%Y $1,693.00 12 B-323 2x2 9/25/2015 6/26/2016 $48,000.00 97%%Y $2,295.00 13 B-329 1x1 8/18/2015 8/18/2016 $41,800.00 84%Y $1,693.00 14 B-426 1x1 9/5/2012 6/30/2016 $46,500.00 93%Y $2,301.00. 15 B-521 1x1 8/28/2015 3/27/2016 $49,500.00 99%Y $1,800.00 16 C-202 2x2 8/13/2014 8/12/2016 .$51,000.00 102%Y $1,693.00 17 C-309 .1x1 7/16/2015 7/15/2016 $59,367.00 119%Y $1,693.00 18 C-409 1x1 5/4/2014 7/3/2016 $55,008.00 110%Y $1,785.00 19 C-508 2X2 8/26/2014 MTM $49,448.00 99%Y $2,055.00 20 D-202 2x2 8/8/2013 MTM $46,500.00 "93%Y $2,179.00 21 D-203 2X2 8/25/2014 7/24/2016 $48,000.00 96%Y $2,010.00 .22 D-206 2X2 8/15/2014 8/14/2016 $49,448.00 99%Y $1,693.00 23 D-301 2x2 8/19/2014 7/18/2016 $56,910.00 114%Y $2,080.00 24 D-309 1x1 5/17/2013 7/16/2016 $46,500.00 93%Y $1,742.00 25 D-409 1x1 5/4/2014 MTM $48,000.00 96%Y $1,625.00 26 E-105 1X1 8/14/2015 8/13/2016 $57,600.00 116%Y $1,555.00 27 E-220 2x2 8/31/2015 8/30/2016 $56,910.00 114%Y $1,693.00 28 E-222 1x1 1/13/2015 8/12/2016 $51,800.00 104%Y $1,693.00 29 E-232 1x1 8/7/2015 8/6/2016 $48,000.00 96%Y $1,693.00 30 E-305 2x2 8/20/2013 8/19/2016 $57,364.00 115%Y $1,902.00 31 E-317 1X1 8/15/2014 8/14/2016 $48,000.00 96%Y $1,610.00 . 32 E-332 1X1 8/28/2014 MTM $48,096.00 96%Y $1,659.00 33 E-405 2x2 9/4/2014 8/3/2016 $48,000.00 96%Y $1,693.00 34 E-407 1x1 8/15/2012 8/14/2016 $59,367.00 119%Y $1,693.00 35 E-409 2X2 9/17/2015 7/16/2016 $51,273.00 103%Y •$1,693.00 36 E-413 1x1 1/2/2015 1/1/2016 $48,000.00 96%Y $*.354.00 37 E-417 1x1 8/28/2011 MTM $48,000.00 96%Y $1,354.00 30 E-421 1X1 "3/5/2014 7/4/2016 $56,910.00 114%Y $1,920.00 39 F-101 1x1 8/23/2013 7/21/2016 $59,367.00 119%Y L $1,693.00 40 F-103 1x1 8/27/2015 .7/26/2016 $56,587.00 113%Y $1,693.00. 41 F-104 1x1 9/28/2013 10/27/2016 $51,800.00 104%Y $1,693.00 i 0% :•• Genera\Notes:•) UVD DcfinHion *Peoplewith incomes between 80and120 percent oftheAMIare moderate income." *State of the Housing Counseling Industry,US Department of Housing and UriDan Development,Office of Policy Development and Research,2008 Report (September 2008) *http://www.huduser.org/Publicatiqns/PDF/hsg_counsel-pdf Development Agreement I 41 )using-A*requirement often percent (10%)ofthe units will rent to individuals orfamilies in the moderate income segmentofthe affordable housing group.Ifthe residential units convert to condominiums,ten percent (10%)ofthe units will be sold to individuals or families inthe moderate income segment ofthe affordable housing group.In analysing compliance with this paragraph,theCityshallallowminordeviationsresultingfromshorttermvacancies.Incomes shall be based on Area Median Income (AMI)as defined bythe U.S.Department of Housing and Urban Development. 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Sofi&sg---A r^q^t^ii^t -of i^p^^t(30.^)-^f $b jaioits.w$/»it to &Hp$&i^ &t gamtigs jfo th$•moc&r&te.mmm$m^mtt of Use fii^iti^fe honssg asftgp.-Xf te.^sjto^tM^wfe eow^ii io.^o^drisiBiiaiH^i$&ps$&zffi {\W4 &£"ffis uM&"will te.S&W./to ltt$*!Mi&fe at.families;i#t&&roLoiq^p"iipfttfte w^timt ef this ajferl^Mfe fewsfof gWSSJi-K,®sdl^ix%o^^litee twfti rife pam^sp^tie City H^si^g^^^l%ox#§lfpo^^^ a&sasMat bssis rshafl.be-pr^^Miai fo va^ti^jfe.<Sr;b'efi?r£•JaSIM^1 £#of the SAimm§year1:tft ffe City Ml^^pK fit;a^&bti,.^16 Aj>p|fe&&sMli xoalcs -a. gS^t&BoS^bf:$|©94009 idtfre City w or .femora-the feaamce ofthe &st ©ealii&afe'ef UjS£&^'6mj|^ofitite-FJap^t^.lis;"be-j^aoBd-ifi a G% J*Tas-g-s*-Aj^liG^it^grees:to pay aiiiaxes totheCity of SmQli Miami a»ak*ia?3&tn# eqi*sl %tie ^ttfci (5gma&i|Mfflg&fe Rai$;if tfi&J&ope&y Qsipeir i^eh*e£m MM^§^I&£p>y^:.Qp§i;Sfliig.^jiagj^T^^-i ft^l^^CBiaasii-tSatfie Geaamy,&& $&"ffi&d%o#Safe®M&mf mm*y&fa.-fe?'$\a$fe assfprf$ri & pcwi&tim $3th&t ibfegafe any $ffe £sopi^.Qgw^rtr.pgjNte %•&'! t%8 ^sesaim&ts.for "the Rmpsnh'*in.accoAii^WKfr fee.l^#s of1 Agpfe^^ij^^s io give apreSfeents to job aj^ife^ois residiag-iii Soirife Widsm. l&.^mW rit^fefea ai&j^olo^^Miamt tte'&ffilteaxtt 5yy.^a .Mlicg tti :t^*C^olipimity fe^^^p^mtlil:Agefi^y Dfecto ofUie-Ciiy of S0u|\Mlgpij,-,cff a Buferiiiffer designee by ife €lty ft&r&ger,prior to or isois^fr&it'v^lh.^m$ufe^of ariy ())1»&.i^r 'd^S!!ttsti;0]R-wo#tid fe Proj^^.(Sj bids.%^t^rkry ctf peotimf<it .m#tf^»*£weik/w fe Property, W {§)'pro^^k-for ieaskig;of retail spae©oa ifee Pi^party,la iro^ird to rgcaufeien-1 Sntk -m^ioy^iiX,the A^iiCiafat sfiajii .dte&jfQostimM-tltaJ-if has ^sfed:its best'^l&r^.tp feiM.j.(>b appMia'its iim%th£.C%«f South Mtiam*pmvided suoft. <saad$aies?•«»qBaliSed-for the pogfio^in-questfeii,-ite addlfm^ih%Apjpiieani sfeail hire.t^e i^i&nis ftom'tke 6&A district to as$isi:ifee Appl&to't io providing opttsiyuotioi^.^rvit^s?4iu:mg Clie period of em^fructiott.and:dsYelopnieBt:of tfee ftr-Qparly.P^^ifeirf fe.tbe^sSli^is .sft&lf be.at.Applicaiit'S :solcf expanse and shall be:tornMeii^ifate.iwftfe swBiifir"job levels atid te^onaHli.tte'.'ia c^mparifete 3u StfeHaiL •t Apgtfetaf SjWl rfifeln SttfiW^W flttilna^xumtcjf on:$ife in-aop^ianaB *8g'C&y %,.A;pgikaixt:skall.}r^ivSe?..o^.4^^cuci:iy.-As part^of tm site &cMty to fe£^&vide<3 %tig A^4$ifit,tfeg A$p&^teapvQ^^gale- access by pdftifosafety veW&tes.. a,-%i?r;«a^M-'*tSvSgtg .JMS-'#$31 $e slgo;aS^:fi|id:a^prS4E^i2S footed -%SBd e#£ppr#i^1 .i>y M!%^$^jte:Stati ^f ff1t^^:P^psr^^*:rtf A.I3te-sj®&the flri^^ay -oata SW 65 Sttapi'sftadl 'feii^igliM:asdc^^^'.ss-a. t^^wega.the fem$aH&AM.asri 13:i(MA Jfe Mity* tL £0&m H&il pra*^o&do£<3^^teeai|e*4iJ StfeJ*s^fc&fcjf A¥^^%^cr ^1^0^m &Xkii\&,pmt&geti:picfetps $ka!i&e-^rf&aied. ii^ftrf ife tDky of ^sJrMiS^^fiti&p^^ £Appifearil -slafl.provide gtfil ift^ipt#3ta&g&£^^^to (fee City tefft%e£ «ite FH*ikffity agd £h£.georego^T%e .eppSc^^r S5j^t:prowfe a row c^l2r fai^;: U*6$s with;ktmk ofeeunfeen^l sot-te&tSa&;€Jj&^s os ©6-€i^s-^tsg&%:- O^eg to fe;i«3^a|je(3f 09 &£<%%pW©tt b^^^crS^L fespfty at$i&§-§ou$r g.A^jfept;#Bii:E^#gad #£%&&a sisr&ft ijybj-€^$-waflJ#v:ee&fe. projectaad'tfcs^r^niarnxnig'^emo^sMdon.. aispteyees arfc 0tilbmg feaa^'I^edparfetag.. K AppO'Mt.s&aM p$v*fc 4:iwstfr &gife§$plan'f$f p^e*gi'ffitiSbjfitin,.(S^ffic? rontmgi aM-fcaaftj'stores,jaipr to:floajj ^j§ot-.spprpyrf.by ttie'Ea\%)toT(€aitai Review-snd Psasert^ifoa Boand,(gKPl}:i • j.A^feant sfcaM iimit an site;ligbifel^p^eity.€«lies to %px&^mMs offiHfenj^y- at -£&IS «K:h li^gte Wiitttb.sBc-mon(fiff;6f pmjeetc^mpMoq.ite appMa^t b to provide-a ceitiSed Tvpan on ^eiH^sdai^illiunijftstjbtxfe^fc to Applicant is to assiM fhftt-tte r^fiisfe sfeX^ice fe^a^'rf&tf bfe;tog^'-SfiOiish'to a^onenOidciie:aje^fiato (fempters;TM fip^lp$mb^an.4.#ii^jsf<>i^^f service ;I !i !! i s •msss strafi.be 'mBq$$BA fey $&^^insapjtal TLvmew m^t^Pw^^W^^A i©x to JijB&f^n?^of^^33feMoptn^t Agms^ml j aaadr ^fifciteipip*^^!^right^lfwaf on.5%57 ,,...../'Sie Agp3iie!satishai§"W i8^taifi&i aSfltwais fora fcTO^t^ao^boni Dep^rte^i of Irs^e^^ipiu,Pmof=&f jsostkg -of the tad *Mf ^€Fpforr#4 to m»Ap^lfcw.ju^tknft $&types of insSaiil e$afeBtei®p m cifdet to a^w^fteyL.ffie &$$*£$iptkiftt tfces $ot titce&a the MiM retail pavkikig.a^ocatlotiik toe ^ocpfei.i3p^r;gltepls&^j^^ttofi^^feCrtf,mMSal:patl3agpk^fec. •o:iSpp|£&tat sfaaf t$&ta u;ptfc$;pase£tfi}&e i?isxiji •fffeje -Bs-:§te«i on-Ae:^i^s&sto plfe*&%peftai5 ky ifte Plsamkg S'oaML jji <M£r *S teak ij$>tie tag ffib&cfo:of p..AjppSl^t-sftii^^&§:Gity ;5bsli.4gi^optfepppn^^ P^dt to tfo&final'appravaJ of tjte De^bpmer£A@?eem8M>I%e-dimo^)9(EB:.aT}d. cj.Aippircaat:^ri'ers&Eds mi'agrees that the City may dkE&sais:the <m*s*ree£ r.A$pliq$£slml provide1 L001 p&$&§spapes [$%fch:aiey-fe&r&<tor#d;m •gitfsg%fteitlgj :.a #3^fei^tw.of ^'kfej garage.a:.s$ita!ti staJs&e-MT,sM ^M;^ s,T|ie ^pife^i'witt ooxpapU to pM&ilp®&ift apmt xtftJikfeg Jgoap -wfife fi&.Ftfsf: M^ta^idigt Cterfv of Stimh Mratai.*i$nii&impak <mtoary aj&d £ftt£ageimis,to d^Vfce.a pkri.!ffi»1Jy s^eabte to App^cmt'^id im,f\MVm^M^tjuatiist CiiiiJ^$£'So^Oi Mlanii,for p^desitian iatpi^v^a^fe mS h^miS<?0mM %M Jtosd.Apj^it&Bi "will eontribato (ha t^j^ntotibn o&si of.specific pedeshi«a •«pfaaiacfem.^^agreed i^otx by AppiisMt snd tfe&Brst'^crifel.M-efltocti^CSiDrcik ofSoa4MJaBii. Tltte AppJioaKft will prfi's^tplaite for traffic pe^mks fedkafbig:travel Isires of 30.5 feet an Ks$Road {•g'VV 57 Avenge)met,if spptovo6t •will crealfe m enhanced "latidang zsae?*for pedestrians m iD&e ceafe of "fted Road fa.elweeii fee Ptop^t 3ftd tlhe Fiil^United M-fr&odisl Chturfe Co the east,sabjtsct.io.tije $ppii\^a}'tif MiMiirDa^Coim^a&d th^Stelfe ofFlorida D^drtrasnt pnTawpor^oiL U ItM?Ap&caai £#¬ excaad &®®$&'fewdi egf&i:to 8ae aa^sitf •'ba&tegcomid feral sk IJtoW I.M,i aT&K&oa ^ao&at to fee.^perty-to be ssllectet by &e u.Th6 Apptk&iit ska®"otrimrt aegerwal.fym &e /'C©y «f a lurking;plan for Gonstracfen warifan pm?to theissajs&ce of a butMiii^;p^m& &SfcfobolR ft a&rfrorf to.assbt'pfefe Softools loBfii&f MiWii ibe CS^^plxsa&t fcbtitniSdly wsppm $dbesatf |34J$Q to -fixe JMS^Hfeite'Cwn*>'Sdtect S&ard C$$eGtl JS^apf*^i©-be .sj^ciieaiiif eamaiiked :Snr oapiial kap^wo»e@te a puisfe sfiteools to^otc^i$fi&City:Ife,A|gfCGsi^l5.4oa®iafi-sbail te.pdil v$m fee- &fta&Efe fit*.Oss^fc^-Df l&fcjpfl 0c*&pa!ot$:£r«te fei^cfeli^\m?m the Priop^rtyi:-p^j^K^siB^E'fe#made?jointly.%!fes C%m&.Sdho&l-Bsar^m$ &©ds ww&^spiM[m^m m>.-jgj'yeim•$£*&;4cmis&la.f&e.1 s*<e$t -fat &* c^ij^i^|ffo%^M^BSS.%g jJl^alWf a?8gB&afl t%M |£rffie sspm(Hicff6 offfis %i$s wil^Si ftb p*m yesr pe?jo4 ^s A^Ieanfs-dtaM^TBsg be utlked to.iind ^gr?ffiis,^^K&3S^.;^^^ScIial5"jI^u^k-wc.«aS3iBKMtml!#tQNat^dQ^^g£m!.^y ^ateer tibat&fr^fis£ttoft ftSftd saStllas C^;teem%es wiB si4a?p»this ctrac^fl*p-ea<i itoe'sfefe^s"1 stimdlftg-tfefc &4§6cst sclboofis etesed^jsal ggpriftRGe.Henas of the dismte'aM'^d^i;^efBl3.6^.^fe^l^is:ttfe oigsMfeed inthe Sfefcool fia$&$ j^tfi$ar A^fy#&m$My^zt-t£¥SG4,•jsft^'Mt !fo"Ms D^iofi^nt X Ha-By of T?i£te„Appfeakt sftsU sftrnft .a.Unity of Title,piansiaaM:to fits i^uiiss^(Sty:<3Mfc 3^0WTHEREFOSSt fee City..mwti&kBx^^agree*-ss: 8.ffissfingv •&&"fafig;»tfe©dgs^e^ineast ©n the-Property is J&e&s^fiaiieie sMMi thk Bi^^ife^si &§tmmmu an3 a!i,S{^febie.te!#^<^sti»%g*codis,:^4 policies lit QsSfgffi^M $ip ti|H3s of tjte"&$ea®&ft of tte'Sw^oil?^A^eegQeiit ^-wail,as o^her.r€qii#^^5mipx5S^.%CSty CoH^al^on t$noi ft@ rafiScaliola oftie- i^^amf ot-]||fc silt?:f4an"sjipmyai oft &&'^rp|>at^fee Sttsp^ty s&ail iboi fe fc &ufcjecjt erf 9 !to^t2i5niii|aippik'^ildR by .the City wdl ^toti noi to^sb&jbq to any develqpmont •maratorm^referenda aetloi%oi^dmaate^,polidss,or procedures miffiM ibyi!^City QiSl itai&s.ffii dsvelSpi^f ^Ueebiptsfed fey ffafe A|jftftteast gfe^'^ifelW;in &m.M«fSr'8at Any Injure,by ftus Agr^emfRit.b ad^ro^a parti&iiiJar^p^mi^toivdJtio^tome*restrte&m shallnot r45lin^.tlie A^plka&t of ilie.ftcfieissiijf ofoomp$&£ig with.Ac las*'^epibigsmd pmaiitmg.r^Stei&aits, oonditioi'i$y;temiB"01 j^&tritikm^ 9..iisOT^JBaesj The Pmpeity sbaJtmt be sufeject te asy ires*uaipact fees iB^po^d by'^/Cily'afieo;tfift ad^on'of'tbe ResoMi^n agpro\iiig.feis D^dopmta'it Mim\bti&Tft isT-ii^oami'i 4 K}y €ha<grpegcy.ja^L £&a$fcfe&cv,Thp AppScaSro tagefbor wife-&&Apglissiifs ^Ibni^c©ttidSr #te D^afepiaeilt'.A^eisoieAt satfefe Sie cosc^EnslAcy l^safemteats,;a§.!aai&eatej-5a Sefc&n 20-4J*di^-&(3e By execution e£'ilsk A|^e^e^;5 #*&©Hy adtowtalgK tha£&&appifc&fiaa fc?site pia&agpra^al mt^^i^tat S©iai0i5-2CM.l of&C&y Cq&* ia$d '^t^-a|^^li|tod sitrgls®«^£&3@q&-w&thfe Agcsen^irf -ate cwsigfeat 1.L Tgrar ciJ!^g^itreot;Thfc pi^i®^offiis DfevdopiTie^Agreement :s&&li fes^^."'-l6ife3®b--Hjkpi .ite r^^dsrlOin-h #3*pabife *&feorcte §f ^MHPJ?tte£? X^Qfl^.Mbridi%.TOi'sbali ooafisite to gtSA For aptf3&£often (1-0}ysfes after t$;e #$g^fe#:i^yfoar *$$$&&ay ft^es&it^fay nttti&ai '$&&&&ofel} Ib^ea-'^aidl s^$J^|^&Vc^aers-of'ft*Prepsrily,asd tfes -Cliy'orSoMfe fcftoi ?goa 2aC aipjp^ij rie^ditlt to 4i&0tysufi|<:i«rt lb fa)M t^e -s^f^j^iefifc as sliced fertile, pravisi&as og.&e-AS,-atai d^imsee $&..li>QSrl83i TMs ^rrasaStexit'shsdH:he '^^^^^S^f:mA ^-Wi^y^^^f^y&ci&e -dg&g.of ffefe *$$&&&& h^0t0Ai tf£%®s%i*thill sdbi^lt an fpi^&jg^fct mfe^si 30 d^prtwr to the ••aaaB^j-Terfa^date.;:Tbisrepprfsballconfam kskfidtel^M^KittSIMbigof what Q^i^^nf i^%;l^$[scfet aM;.tfesi&fc fiSaBzed,as-gpwl faith.com^Jk^^'wftt t$&$ig^.#ifi©ap^tofv 3^%^£5oto fee ms&ti fspm ai 0:p^*e.^Mifig;-if 'ftie dty^C^itjrai^oii.fibcfet <fci $$'&&&of^M^aaiM -e»i^^t^^'^.^ttet l^M#«l^^»^?pty=wlfla t&£Jmins ojthe 4sg 'mtikm.-&&k&and opportunity to ours tbs:;fioa^^plJas^The*Appii&rit- &aftb$^4£'g$$&aSS'flie^pNf^^ftft 15h^ii&tj^profits N#ft t&\«fffe tlHiS'.f^^^^siGgi^jQ^R!^1^.afe ^bi#tne:Ajgr^m.^:^y |ei:r€VGifee4:'-dr n^ffife#by ibefelly:Tfc&oblil^'Son.'to stilaiitto amtitelripori sMi cbncfiifeyipoii tbedite oft \vl«cM tie ^fpeMe&t is iMaft&tedL 13.M^ffic^itoa^Ths-provisions Q^tltfe &^opxw$Agrewsw^t.may be amended, ^&:,%cferogaJcdi"iiefeted;modiiSsiix of ^^gsd"ffioib tis^e to fee by recorded iax^mniMt:^^tote3 by the t&fr o^viiers of the Property m6 :fe €i^:.Aay xn6difi^atli0[&gg:t&-4|^-^j^&Vtezi rfltu^t-comply with.%regnlotiQQs for ami&ndnTf-en.t,^ P^P*KJ dbvefepmeM contsliaed m Gbaptesp .20.of Hie City LanS De^Iopa^ent Codi& 14 feJ^ty^itiieTaf,The City,its sucoes§w bir assigns*and ftue Applied iis i^&OBisson-a^d assips,shall te§the.tight t<&enforce,the proftsi&ss.of this Da^Qpttiiedt A$6®bffiL Mntoscm^ii sbaii fee by aotiOfi.st few or ra equity ^iistMypffes qt pmmt^mM^or attempting to vioMa my csc&mmts,. ditfe-rte-resir^-\Sol^ioa:.of to nk^v^dama^fe <tf-fe&a.Tte prwail&g pMy m tbS'aetfen o*-stiit .sfisij be eatitted"to fecor^'ip ^ddittop {p co^ts and IS- M§tiwm^&:attest by te^8&lr -saua £s fte?eourl may a^uiga to be ^as-Qiltibfe M-ifct ss^t&s •*$,!&•at&mey;Attesii^s "fees.p^y^B «h8er-#us i33ist?edHai3:>NotMug:ib Shs Agreement £hal b-e-ooi^toed.to-wake oar lipt tib& ^^^^^KicaM*-TteAp|$^agd^;%at,^iy o^t€3al;tospeetor offe G*ry o£3b«ftMia*i4erks agrafe-duly aafeprfe^.m^ My^jjfibt pn^0^at asy fag-^ii^feg.libH^i w^^g/^Qfe <of dafeifeg m£ w&.b-utlSkg and^^^pjagfeg^lalii^s i^d'tbe^n^ 16;.AMptiligtd%fe WRMfafei Partes a&d mp.ed8m$+In.&eves*she siiefi-in3j5®^&]a^l^e ftj$IMi Mire^Stif&3;maSa?tf^18 .^.^ti&^Tetnedies aMiJ^>fe fie S^^^oatla $j@^'r&W^0f j^i&M m v^^0&.m?&r#ef p&trafe-®£ifee/p^km oE ite f^ps#y:fafltxig to ^ifepTy wife tips fiev-'etegmEan C$><STO|Wa^sffir l^fti'-SI-f&fjdj$sa til -tte/?4^^;^:uniij;&ch:fifas -filfe. De^topi^em-.Agr^iiiftQt is;oc^!M•*&!& J'Tu te^^fet^^toMjdrr^A:^E?M^B3i£^plete^^fesiiite.tofife0%-^sibllli^.s-. a..th£e&SfutipE,#&^sod g^ibii^Siftfir of $*£.Agpfefeti^t B&fl all o#>er- bSi»E gmpM^'&^n2^%ib^Appfi<^>.^-#mi:ieqmr^fmkzt approval % & .&, l& valid-snfl-biadiag:ob#gat^m accoi$sp&Wlifi ttes at#?».^ofi%"s^®t pmmm^pm$m §f ^m^^$pKst *» affibdfe§%pfipani:b^^^a^i^M m;gpversr}t^ta-f agency-tliat^f6t0<i m gity Si^^W'-wa^afiM A^i&aiitS iailiy to.p^fbA iri^^feeii!^; Appiioaat-4te||.«otM my w^^^A^t^e^di^ctJy qf gidn^eexly,ti>osia^this i^gjrsei».ent fe fee amended,caofd^^isa^oeM or l^fmic^ted,,e&c^t partsiiatit^to its'.exjpe^te'sas,.anfl .sftatj #}^.'aft*^fens-n^ces^ty tb zmm ili^t feis- ^temaaf sJ^aO t^aaSft m.'fell,fence aird cifect ^'atttiia^ AppJJc^ni'Tms tte 6na^ml .capacity to pay or taitfaace in t%Cfty all fees and getf^rabfefe.Ifeiiy proyM<tfL ofttus Deve;la^eniA0B^tofsat br the.appliostion •thereof fe .any person-or (drJGim^toi^s is held iayatid,proMbited,w* fiat"ite-3?x^fiHip.,lifis-ftte DevMopin^A0j$totf&&.$mti.be. beffefew twajy to mm%mmi $»$#e f^ai|nag prtm#oiiS:shall cti^foB&'ib he pmsk .M-feifee and ^feoj $6 .&£as possibid 19L Jtafet fe^^isttlpfti tfife;Aff^ffieat ias-fe*.defied,-wfti.the j^dpa&ri ofL fbr Oily «bJ;Applied-apdi"titefc $$&xse{i and":stolf be:eoijistefed qpfost -ifee Apjpiit&Rt to issues 6f dria^^&risihipi.The cip&aits of d&&-smote*s^effiiM and sfc&fce^O£c^ataiflod.m thrfc Ag^atSxl #e-lor ssa£of r^fepeto&-anly aoisd.sfe&it peft:aff^/fc Inl^tj^tatiwal ra^jjrg.off tils Asr^s^^W&m^vsr -the.teraa. ,linc|[dded:tt':&tased in ihM Ap&et^tg.Jt sMl mean :tot ffie ipoMdfcd ifenm ©r t§cBjft"#&i^Miil ^ffflttf K&kito k$.m.M$#<sr:^9Bfii *#*&$»^icfciB^y 20-BfadMg gGiegfeg The bi&dQns of Ibfe Agrssmsaai shall be hfedmg/upsa^....and'the• bt^fegis <$£$&•a§r$g!i^t shall %m£to,s1(^go«s»$:Mfepsa tft ib£-^&s ^f t&.Agr-gep^t 22..A&titllt^M.eJLa^faris-itcctoaw aakf ¥'Mt:ti&.f hfe Ajjp^tosift sfoaM b&M^&# b$?mid ip?egDQneis44 <^i^^u^:®id ea^a^^t wDotdanee wife :tfetptepalvt#^ ofi^&Sli-*tt$s*jd^d'fo ^Mptei/of<^fi#ia^.ofekw.-TSbls .Agr^^^ijfay liSgattonpeiiafeiing:to.the stfojectnsattor hereof shaiil b^:exoius^dy.ia lyaignfc D^e,€oart^,.Banda. 23-ffi^BSfo'-Anp$fr&tfes or.r^p-ort^r>tqm&&By tfti?A^s^a^t Mi\t\%M s£at to tip (3tef9f$^ii Miasm 6330^^itbtf^- Vt$Mm$fttregto*' FlaiUil'iig-and Commao&y Bevelc^mffoi'D#pait?n^t;: Cii'ybfSoufe Hmmi 036S^'dtI3ti:^ Soatb.Mte^.PL 33143 ^G§b»BfsGa^ 24 W^fesfer..Tfe iaifero o£dSay fey Applieastf w the:C&y to issi^i Bpoa fe strict pfc^grfbti&^ci&&j^^fiy-£cr¥s^ifi£ij^'^tiKsasei^ta^<re^ tff.••s^h^j&e.a^jjgj^t or T&asdy ^pseft^t mpaa -tfie:teacfe ;fferefl£:sb&jl co^sffltu'fem^a£rcr -of:-a»y'sada teadbt .oc-.aay-s^^iueril:b^acii.ofsuch-covea^t, &|^3&&&%;tds&HQr caadkfaaiu $©e&ra&at,^tt&$mr tstm*or c^t^iii^Maf tiife A^£$l&it'a?*|#oWgacfo ftBsnBrf'f^0%^d^$4 s4»&K$«a^ndifjod ^ospt by &^mi^i^^^*!%.^f%af ^y tea*^ai ^fadi.iar ate*$*&^rasm^s, fcfrQt&'^g$§cy iffi8ffi%':ig®&^fm&;^;W0&m.of lfa#Ap^B&t' sdfeoquemlbrfcaeft 8feaesof> 25.Xtet Fjfftt fai^istj^.life Aip^iifc tt ^dum^:'lsF %fteirieSt fif W pii^fes fi^jidv ia||L.ak5r Af&lafe;&$;itrafty Wft.M ^la&$d.bf a&y pity ether tfetefliep^iiffisio fefs Agr^i&ama&d#ha33 f»tg^ve'aDGnlo'feHBfyId spy tflird. prty:othM ffiiH tfe-^Kiifesd'^besscy®fiad &ss3p5 dfete pities toerife.* i&Sui"yiVai.<teiy eq^aj^.tsrnv or p^mmt of'life Agpsniest -^i&jl,m.(arfftc.1& be d&eS"yc|..ms#.:6iavive-toB'tenaiiiatibB **£-&&?AgE8m&&»shall g^ive asy s&cAi tSft&iifen-including wktfeait l&iital&tt.pier^'^fe J,"3 and S i#fi&S sfeatt • '27,Fericids &P.TJma Whenever atty deteoii&ste h to bs made ^-action:is to be- 'i$£3$i'$&a dac&£ta&{'&&in.this >eem®ilt if saab dale shall fell on a Sa^r-day,- Sopfl^ctf Jegtl holiday,Ifeeq in aai..gsvcat"'sa6i <&&sfeaffhS.e*tm&<$$6 fewest diay^fhiGfaJs not a Ssteday,Sundayor legs!toHdayi 2-S.,gfrtirfr Afftte&gM.This A^^eaitaste Forth -&e entire:agreem«BS bekveen Q*e pgrtfesi:tereto nKllfe inspect to fe mtym mWm hm®±All a^r^snieBta,. cehvmantsv rcpr^ea^ation^.atxd wam^lies,assess or fiaplied^oral or ^rttte%of 1^-priiisacwfft.^sspect t&[lie sUbjkit'aifirtei:iksteof w®mnlmed SiiS^eNiL No diker agf^m^ts^co^attlSf i^pj^seiitsiffeins,.or wtotfttte^express or itb|iKcdt.<^al or writfen have1 baen made by any pariy to fee.oiier ^<i&res^.eet to the.street matter 0f'thi$Agc^ineiif.AJ3 post a^if &tileimporJaneouS conV«rsaiionStr 30. ih 32. '$m^$$hm$$&®i&fe t& •Ms^i^sa^'L 'mi $&i'Esdhfflb Sieged ggj^fcMMts -api;ispr?2*pf^^j; •ra&e&a^.ii^T?Shr^ed^"fh&swlg^t ggxee*3kreo^*sse wd^ad, that "«Ffe ^#'^^feet iiiitm.Ag^jtte^ •9©Mto&b of m#pM$ia^BS a:otc&M^m^m j,osDftus-e of p&$fom^&m tisea >of feade -wft-TiHsy '<&ily be a^Ksaded or' modified .by:-a:&^offeotfa par^igs'. Cdii-niterp;ffr%.fife Apesnwrt OTyb^e^e^^0^?Wfe?%l8^#Usj}m<jEpe •Qrmwz Qom*&$3®8i hs!by fhe 4iffmm£parties imA fa s£p2tefe:cotmts^art^. e^Mf:^hkfc Wtaia £pcm$d'sfegi .be dfiSfl^i to be.235 M^n^l but Mi of whfel ^g^sa tc%^6ht^r ^^l4:^^XI^t±ica^icSnra ^ptd:tfcie s^^igp^^^ E^oliiafiisii,WiiSa-iO dap'after i&e &§&lgj}&ft£ri Agfegfetoi fees i&ea '.signed feyidft.$g Appjk^it a£d flie1 t%,tfej A^pfe&it shall (&m&a c&py af ffie ^.-^©pia^t.A.gr£^mt ip te r&^'&3 at ifee.Afpiaiamt^es^e&se ia iis te^itry ^d^dfe-ffl:Mtm^:*!^de;C§i\^y: jfehffiffts;A|Shifts [we t$m%:as SffadS^ft^Sv-This Development Agreement $ast&-bes&iBB-e^fe^vd.aSi&r the agpKfiSJ bft&f ^Hoatibsis fe r€g&s&§>and sife^te^jro^©3d &e exj>iit^j&ai pf#$p^pe^I p^itofe Tl^i^^vaf of 8fc ^^5^o»-fer i^^mng.^i'-dfepta appt#i$i &&&of sbe*applfca&oii-for approi'd of tb&OfeveltOpmient Agj^^pj; sM!'ii05:ib^i^iS^ve imti)fiie jferlt <3^l&to is ^&&1?£tf aiid..5g;^d :t^on .If-f»-Apfei#$pi %£$ty k ^^t^ips t#£l^r^a|ife ijga*,if 8J&£ai& don&fcn :5s:»ofest^Is3ied ma^oordajioe wltb .&^p$fc #2^ike ^^Iicafi=bro-fef .f^Si'fltogj HiifeplMiiaffpjDoya^sad'a^mvsi$£lbk B&hlo$mm Aipdgn&iiT s&alt bf eona^M wi^j^ii wit^&ui jif^jatflp^by lbs Appfit^nt jfr Ml^'W&EM&F*fee jtfe&flts tarift bem e^culbd tftfs jffi***day of •MUSS sissws"Msiito^j n T.te-rC%;of So&tfe,%iKira^>.M&MrqAadj^ek.cusd..jicsc^pitic $&"io^g^tog 0eyd&pmmc Amem^it m&eadf-.m&at!.of'tijie-terios gnd ppvjsisas co^gfa^d-tfe?ei% ^-,..,da^"ai^^ bated;^&f m&&MM,mot, •cert••Of'fMi MiASa S1AIEW •aKkrnrop 3k -i |^|ab^iiiro®!tf-vi?^s^ll%^ed^e^.g%|ferre t»'M^4s9 '.&y of.M&^k .2S&?by SmMm m¥r*M tbe-City of SoMtk MiWi aad-attested fe.by MyC^n&mssi&io;Empires: ^WyF^bJiifes, MatfeM,MgRspfeg Senal-Nia.(Wons,ifbbrfk): OSOI^IALSEAL} 12 IKf W||HES§WI^^BOfi $>s nra$eas£pi§d'party -has ag?zed ito this,!>e^tepnient Post Mfttfte H-r ntet ..if »»:fro CCKMtf OF httAI^DAKE) RRC ff*A*&mUA.a $ariaa By:IMre&fty ^Miami*a Florida noa-profit: ^Tife::Ssi|apriTO?e feesfdept fet B&#EP$s l^ffl&tikC&r Tbe $fe|io^mj^t>^g§.^%o^fed^d&efeir£me Mm*^1;day m£i{LiMil , of IpMrnij a $j«r»|ft TOa-paft c^r|rdrafiotiv:(fee §o|e-M^sp ^M6;57*Av&£xe,PEX^% Floridk iiiaifed^^^bas produced,a;State of My.C^9^^{£oLSi^lraf' MIAMI *«&-1fci5 #£S02i:8i- 3#8/0* O^INM Serial N6T £no&&.iFbl^ife5r;; PTO^ B Ail of *I,of tiie-Rtf?ISib PlAT.CP liRII§®Kay «&^&g ta &£P3at *Ns&C as- •rs^r«to fitaj Jlodfe.31 si Ffsge:7X ^t&efttbife ^.ecorfi <lvSa*i-Dade :(^udty9-Kon^less rte$tp^:47$$§f ft*,-0f tte'Wesf 1'00.fest*.^tess$feo%eBast-350feettsfi&e S&ttfb 330 feet* and less fcfes SBe Sfea^12:5 ffebt^tf 8*e "West 175 fe -^f #&&st 125 feet,and fefcs also &&Bast •75 &a ofU^W«E :1Tlfejei of#&\%a$i 325 fast of.^jd fifcct:,. fkt mm?3"fett a*ftft.•NSftw ITS fc&ptftfeS^th 12Sfbrof t&#.1,of rbviseqplat Ofi fEUBWOW.,%mw&m *»tite ^%r*o$.«racked;Id Bst Book 3S>ar fiag5.7^.-bf'ft»- l^e-MsA 132 fe&-eC-flte :SE %ofW^%of ifi^SE V*aT^ Mp 4$feast,i^s.4e1^rffi.25.&£d:fe:$fa^132 ft&ttf&reS&1&crttf.NS/&I sf4b §£$ ©tlSSpfejaL'25f-X^f^SrM SbTB^.BSjERgfe-40 Ba§t/:, Efegin at sfe SE <©^aefof ^d.SE%#tbe'liJE &efdie-SS;£;tbs&G&iwWest afongfeS^ufli: like <eff sM SE Wfof iis NE J4 *rf life SE *£lor a dlBfiSt^-^f iS'I'^fiS a MM ofB^an&ig; dasteise ofHUB -fest^iH»ce &m pasaflef K&tfee EastKane pfss*d SB VS sftbs HEJ&^ffeSE ^fe a $#Steofi&fifec iff -ftA SiGMlt Ite of«!5"-»&ojf fe*NB;tf of;tbe;$&&;feiM -mtf iBirit fitage s#$Sknah 1M of As §E'WCiftM ME lM of.Jjte-SE-k fot a #$*»!£&^WO #ei#•%&tint Phicd 3r TbelicHtfe-ISO feet ofthe SatafltJQQ fe^of QaeLBut 150 feet^fT^cf I,af RBUlSSD PtAT:OF F^i«yDOft $&^td&|m.m.mt fte&mt as Tfe5trf^i in .^at Saofe 3$,tt;$tt$9 72,Of M P^Mfe Rsc^rds'of Misirf-BsdsCotmcy,Jtatlda. Fkm\&. A poftifem of Trsct.la EBVB'ED FLAT OF FERN«WOODV matfatog to the "Flat ifvcreo^;as R£0f^s4'in PM Book.35,afKage:7.2a erf fee Public R-eeords of-Mfewd-Dade Csu»fy»Fterfd&i: M&&.particiiWy d-eecrib^d m follows: Tlmt part of the Sbi^iMst Quarter ofthe Nortbeasi Quailer ofthe S'caitbwst Qu&iterof'®tofioii 2St township 54 S^^tb,Raj^4G.E3st,..d6s^ib^d as feilou-s; Begfei at the 5J-tiui£beiast-zmsm 6f .said-Sauthsast Qimtet of Hoitbfeast Qustfer of SQmtteasC telmi i&flfaXi8&w& Qaarlec;4bmB&nm Wast ifo^'Site.Ssm&t llm of ssid £&tbcg&J^s&aa&r ofKbrdbeagt Qamrter of 'SoiJ&eBM X^ikm 65r.a dkt^b of 2&5 <&&fer ^O.MF Qf PB^ftSSfS;tease nm *%& j^calM'to !&$Itafr of^d;*^^stte^Qaante]?ofJtaflmsf QuaiSa"of Soafl^as^t QtiMer ISft feet;. jtag$&-ran "West pm/Bx&to S.o&8i:.lm£qf said Skatbeiak :^dittr <rf Jfeflfewst %i&$er iff S^tUheast Qfttffitf'7Sife&|^m,Afd South p^ralidi ft fi»E^i&e-cjf i^;^3fls^;QMi^"©f Mofllteasi claamr ©f.S^&^i Qaarts*ISO feet i&&e So&ib-Tibs of Ws SowSb/fitei.turner «f $ft$$^t Qmrizr ofS^ai^st.Q^aarfcij-fefc^.fis&L j&&§£$&Soⅈiih$ftftfre*iotftfeesei C^uSit&«*«F ^bcflwftsi :j^aB*BSe df .S^tteat Qtia^Sr fer a $SfWP&#f 75 fee!to the geoMt op MiAiti.mw^.i m&tosffl itiiiii niii tin!iicti inn ntft itui ttii mi CFH 2010R0201072 OR Bk 27227 Pas H?2 -U?8?(?>s*) RECQKOEQ 03/25/2010 0?:4?:51 HARKY KUVINr CLERK OF COURT MAHMAOE COUNTY f FLORIDA This instrument prepared underthe supervision; and when recorded return to: JerryB.Proctor,Esq. Bilzin SumbergBaena Price &AxelrodLLP 200South Bisc&yne Boulevard Stile 2500 Miami,Florida 33131-2336 (SpaceReservedfor Clerk) AMENDMENT TO DEVELOPMENT AGREEMENT This Development Agreement is made as of this /./day of $#r*A ,2010,by and between The-City,of-South ..Miami,-Florida,,a•municipal-corporation-("City")and RRC 57th Avenue,LLC ("Applicant"), WHEREAS,Applicant owns the property inthe City,in Miami-Dade County,Florida, legallydescribedonExhibit"A",alsoknownas 6600-6640 S,W.57Avenueand5757SW68 Street(the "Property1'),and WHEREAS,theCityandtheApplicantexecuteda"DevelopmentAgreement;"recorded •on March 30,2007atOfficialRecordsBook25496atPages 52-72;and WHEREAS,the Development Agreement memorialized responsibilitiesand commitments oftheCity and the Applicant inthe development ofa mixed-use projectonthe Property;and .WHEREAS,inMay,2007 and September,2009the Applicant received approval of minor modifications tothe development planforthe Property;and 1VHEREAS,theseminorplan modifications didnotchangethe responsibilities and commitments inthe Development Agreement;and WHEREAS,on November 17,2009,theCity adopted Ordinance #29-09-2021 amending the Development Agreement to record the parking requirements forthe continued development of the Property,as adopted intheCity's Land Development Code; Folio Numbers:09-4025-026-00 JO 09-4025-026-0020 09-4025-026-0030 09-4025-026-0060 Sec/Twp/Rge;25-54-40 MIAMI 2001026,5 7743027649 3/23/10 A NOWt THEREFORE,theDevelopment Agreement is hereby amended as follows; 1.Addition to Sectfon 1, g.The extent of retail,office and restaurant uses shall not eaceed.and belimited by,the capacity of providod parking.r The developrrient shall comply with the parking requirements inthe Land Development Code Section 2bAA(B)forall retail,office and restaurant uses. 2.Addition to Section 5, r.Applicant shall provide 3,001 parking spaces [which maybe reduced in accordance with Condition #5g,requiring removal of on-street parking on SW 66 Street],through acombinationofparking garage,asmallsurface lot,andon-site street parking.* *As of October 2009:958 total narking spaces remainafter reductions set forth inSraboveand 11 spacesremovedfor bike racks:891spacesforresidential units: andatotal of 67 spaces remain for relaiypffice/restaurant uses. Amendment to Section 23, For the Applicant: 1330 South J>^ie4H^wav^id^4t^0 RRClS7(U Avenue.LLC Mr,Jay Jacobson,Director Wood Partners 2600 North Military Trail Suite 100 Boca Raton,F\33431 • MIAMI2001026,57743027649 2/3/10 4.Within 20davsafterthe Amendment to Development Agreement has been signed by both,the Applicant and foe Qifo the Applicant shall oat&e a copy ofthe Amendjneqt to Development Agreement tobe recorded atthe Applicant's expense inthe registry of deeds In Miami-Dadq County and Applet shall famish a certified copy of fixe recorded Amendment to.Development Agreement tothe City,Failure to record orto furnish a certified recorded copy within 20 davs nuIHfiestbp validity ofthe Amendment to Development Agreement, UK**,...2010. [SIGNATUREPACESTOFOLLOW] MlAMi 2001026.5 774*027649 2/8/10 IN WmiESS WHEREOF,these presents have been executed this 17 day of ACKNOWLEDGMENT AND ACCEPTANCE BY CITY OF SOUTH MIAMI KNOW All MENBYTHESEPRESENTS that; TheCityof Soufh Miami acknowledges and accepts the foregoing amendment tothe Development Agreementandeachandallofthe terms andprovisionscontainedtherein, ,datedandattachedhereto. DATED this P^day of f%tJo ,2010. CITY OFSOXTXB MIAMI ATTEST; '(^^"(^'(^^'i CtfY CLERK ">- Roger M.Carlton. Acting CityManager TEOF?lori<kSTA' COUNTY OF l^mnw'bpfo: ) )S$ ) The foregoing instrument was acknowledged before me this 1 P&day of IJVflft,,2010 by ^TPp K:£u*\\w C^Ho^ufy^of the City of South Miami and attested to by fcyylo^M.nb^^,City Clerk,of the City of South Miami who are (*}personally known tomeor()produceda valid driver's license asidentification. Notary Public; SignName:. Print Name: MyCommissionExpires: NRENQAA.PAYNE MY COMMISSION {1008*32 EXPIRES:Oclobei 5,2011 r u Q to.(None,if blank): [NOTARIALSEAL) IN WITN'ESS WlffiREOF,the xmdersiened party has agreed to this Development Agreement dated as ofthe £^day on0\&^6\..2010. Print Name;Lj?_5/.*S7»»^g /r 7 KdftB^ RRC 57th Avenue,LLC,a Florida limited liability company By:Wood &$d Road Cordons, Prim Nams::^MACy<g^Title;Vice President STATE OF FLORIDA COUNTY OF MIAMM3AOE)%&jo4>$b^^^ The •forcing-instrument was -acknowledged-before-me this -Q day M|skkk<^K^ 2009,byJay S.Jacohson*VicePresidentofWoodRedRoad Commons,Managing Partnerof RRC 571*Avenue,LLC,aFlorida limited liability companyuWshe is p^nallyj^own to me or has produced aStateof driver'fttoense as identification, MyCommissionExpires: MIAMI 2001O26.5 7743027649 11W) Sign "Name; Print NarfieT NOTARY SerialNo,(none,ifblank): ITARYT0SL1C [NOTARYSEAL] /$$'''>$8ma'Ma Northcutt ^$gsMff EXPIRES:JAN.Qo,2012 !I EXHIBIT "A" Legal Description Parcel 1; All of Tract1,of theREVISEDPLATOFFERNWOOD,accoriiag tothePlatthereof,as recorded inPlatBook 35,atPage72,ofthe Public Records of Miami-Dade County,Florida,less theSouth475,657feet of theWest100feet,andlessalso Hie East150feet of theSouth330feet, andlessalsotheSouth125feetoftheWest175feetoftheEast325feet,andlessalsotheEast 75 feet of the West 175 feet of the South 125 feet of said Tract Parcel 2: TheEast75feet of theWest175feet of theSouth125feet of Tract 1,of REVISEDPLATOF FERNWOOD,accordingtothePlatthereof,asrecordedinPlatBook 35,atPage72,ofthe PublicRecords ofMiami-DadeCounty,Florida. Pfrrcpl 3; TheNorth 132 feetoftheSE 14 ofthe NE 14 oftheSE 14 ofSection25,Township54South, Range 40 East,lesstheNorth25feetofthe North 132 feetoftheSE 14 oftheNE 14 oftheSE lA of Section.25,Township54 South,Range40 East, Parcel-4;^Tih^r'That part of the SE 14 of the NE 14 of the SE.U /o|Section 25,Township 54 South,Range 40 East, described as follows: BeginattheSEcornerofsaid SE %oftheNE %oftheSE Va\theaace runWestalongtheSouth lineofsaidSE %oftheNE 14 oftheSB 14 foradistanceof185feetfora Point of Beginning; thencerunNorth parallel totheBastlineofsaidSE 14 ofthe NE \i oftheSE 14 fora distance of 150 feet;thence runWest parallel tothe South lineofsaidSE 14 of theNE 14 oftheSE 14 fora distanceof 100 feet;thencerun parallel totheEastline of saidSE Va of theNE Va oftheSB %for a distance of 150 feetto the South line of saidSE 14 of the NE 14 of the SE 14;thence run East alongsaidSouthlineoftheSE 14 oftheNE 14 oftheSE Va foradistanceof 100 feettothePoint of Beginning,lesstheSouth25 feet for public road purposes. Parcel 5: The North 180 feet ofthe South 330feetoftheEast 150 feet of Tract 1,of REVISED PLATOF FERNWOOD,accordingtothePlatthereof,asrecorded in PlatBook 355 atPage72,ofthe Public Records of Miami-Dade County,Florida. Parcel 6: AportionofTract 1,REVISEDPLATOFFERNWOOD,accordingto the Platthereof,as recorded in Plat Book 35,at Page 72,of tbd^jitJlic Records of Miami-Dade County,Florida, more particularly described as follows:°;"%: ThatpartoftheSoutheastQuarteroftheNortheastQuarter of theSoutheastQuarter of Section 25,Township54South,Range40East,describedasfollows: BeginattheSoutheastcomerofsaidSoutheastQuarterof Northeast Quarter of Southeast MIAMI 2001026.5 7743027649 3/9/10 Gft BK 27227 PG X<£9>S LAST page: Quarter,thence run West along the South line of said Soutlieast Quarter of Northeast Quarter of Southeast Quarter for a distance of 285 feet for POINT OF BEGINNING;thence run North parallel to East line of said Southeast Quasjep qfil^prtheast Quarter of Southeast Quarter 150 feet; thence run West parallel to South line ^fr^idi,Southeast Quarter of Northeast Quaiter of Southeast Quarter 75 feet;thence run South parallel tothe East line of said Southeast Quarter of Northeast Quaiter of Southeast Quarter 150 feet to the South line of said Southeast Quarter of Northeast Quarter of Southeast Quarter;thence East along said South lineofthe Southeast Quarter of Northeast Quarter of Southeast Quarter for a distance of 75 feet tothe POINT OF BEGINNING,LESSthe South 25 feet for public road. Ai'^i.^l: fc?'-' MIAMI 200)026.5 7743027649 7 ! 3/9/10 ! 1 I N*#$?" 1te&te:i $$&ff.dfffiffiM'-&^M~••^S^:^^W'3^Sffltt^^ 6.B^&dwtofrat^'JfeiEK^&i&-•'-•: m a 11,'tKsijlBtWWt £fe W iCAtf^^-cf^^v^^rft^fe^^jffigfegg i.jfcfetf «**--M&ffl flflg tt&^u «»•""i^'fe?•"•'" tjm&Mm ••-lift ^r«g.;ittft'.. »• ^•^»j^p^pfly^dSfaff:fe(a-i[.fete'<&ffi ^*ft»F ^3^s«^«r1^?^^^Bg^:-. m -ftft^« Mjg.^-^jBwy &%ffi-lfl^^fflH^i^ti^."'ML Aft?"fi^Si^--'" ti»tedfaaj^':••••.M«ftfMd&": **m*&.M^^Mii^^L :y^.,4»k- ft &-.E^|*^3&&^ $^&p^i;ffeW &-?m&* $»46Q& •$*&> *1* EXHIBIT r *r\:*-ky-&*%%%f\.:iv& far,$^;&i.38& fofcambaK SS&9 ^WMS;sfoJiBj *toiwa^j ':&!&«#Gg.#i^^ •ft.to-rf404.titf!f'«ii:!$ffp^pn &$ £XWBrr *q**9&&a-.mm**mwnm item *V.KJ#J*!^6*i :!I I i E 1 ? ^:1^ftii»^:6ti|Te ""ft?" __L*q^fe$?Q$pwi&nn©•^^|2W1:oar cm*Ttw #® WwiSWf apjjiMiBfl itBfeWi"/wwwiWf.fe'tfe.site plan fo..?sfaf'pfar %b /fcwttjWw^-rf He -Propel tinri ta $!$ift ato^&edste te jzb&dtfif el d JHnifiU -FQiOT pte%jpi^<$4feM *lnrsg?^H<w^:IrtWa.PBW am*^A^Si?!^/Mi^S^rjNfiBi #tf&.fispt,t «&ttofeR&&r ^\'<QQ& &i$pwM£fe 9v'taW#"fe tb$4niMft Qlfx ^a|sr b ipofstfl fe^iteiifef'lD tfiei Ic&iim $&Manager fc i'}w$r/d^^tn^J5i». <>^tem (bj #&8 te»^ecttfatf $W#ftSF ^ntrajw&s,<ef!ev&fop»send gptota vyjth f0S hW$i&&a&fc%n f&Mtefc RR&'foij m^Bi tfifc Sa^tffewjtft MteS Nto Wtfti^?awacs?^??^t8«4r sium *v«&en*m*"tiA.*Biet«\**yeutea lu> %ttel^6/te#E &$*$ 1$taji rt'J^^"#lt rftfpira". fe »^^igjf;jMr ^r^pi&fiV *£FliteTra:c^nsi^ltara tofr-£feft f^ja^^lM'r^pgl'W-to' W^^V0j|54^^<^- :dUXttf &Uttft&RB 'fA&tiA J>m&6 «AXCC-ft&b Lif> o/femif^!fy&^i&pn Ik*ffo$^v-ips Wen wjjcftti^te*psr'lha *rfi^;f/b?..:.^VlVl?^^^^^^*tt;.fT»*-^95 ^^sbeicjt ^tip^fe /a toBJW*i-^ing &?m Pijfelfe WQ*!B &$)«.«Bf IfeWHT'#i 2&&-CTlSSwS&ivi&c&$Ur#f ]*$$ JNB$•••*•"•"'" •oriviif.H^'ftf "|t&te.&:-p^feW w^SS :M&Mml <£&i$c A pasted vtim $y ,q$m&as^so®4 -^ria^.w&assa**%m<m &&&%' 3P&#a tctflttta #g3ahtfn$to ft 1ti$of ??Q ^aesslo s^ra&o#fe cMmM wmmMttmsmm tftZtti ^Utt»Elfj0 SAe.^**ttfcs i Aiftn-QP &*> T4»» \5": •If y&u havfc fifty •#*&$£*&&,ptem #**mea sail *WSJM|.WBa®P 4s?JaotiirBDft •»»i»m*v rt'.'«<*^*v «uj »IfrM «*. 3?w !I mZlW 6im&&8<3 8AEKA ttttgfe *AXBtJKJO \0 •Hj.w.i.i7JTiMin imanJMJ•>l>'•>'•1-'«••«.\\P \*mm sw*o» o ^M•»«•"••»*«>—»»»'«/> I'^'l.•wi y*frqpfrrettWJ)!^ EXHIBIT'S" »«H*r i^.W PaidBy RRC 57AVELLC/REDROADCOMMONS Miami-Dade County,Florida Paid 11/25/2015 piicate public_user 02/24/2016 Receipt**FPPU11-16-003679 $1,095,085.45 2015 Real Estate Property Taxes Notice of Ad Valorem Tax and Non-Ad Valorem Assessments SEE REVERSE SIDE FOR IMPORTANT INFORMATIO FOLIO NUMBER MUNICIPALITY MILL CODE 09-4025-026-0010 RRC 57TH AVENUE LLC %EQR REAL ESTATE TAX DEPT PO BOX 87407 CHICAGOJL 60680 Miami-Dade School Board School Board Operating Schoof Board Debt Service State and Other Florida Inland Navigation Dist South Florida Water Mgmt Dist Okeechobee Basin Everglades Construction Proj Childrens Trust Authority Miami-Dade County County Wide Operating County Wide Debt Service Library District Fire Rescue Operating Fire Rescue Debt Service Municipal Governing Board South Miami Operating SOUTH MIAMI Property Address 6600 SW 57 AVE Exemptions: AD VALOREM TAXES ,r.<,..^mmmmi,- 59,000,000 59,000,000 7.41300 0.19900 59.000,000 59,000,000 53.129,758 53,129,758 53,129,758 53,129,758 53,129,758 0.03200 0.14590 0.15860 0.05060 0.50000 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 53.129,758 53,129,758 4.66690 0.45000 0.28400 2.42070 0.00860 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 53,129,758 4.30000 53,129,758 1.-**& NON-AD VALOREM ASSESSMENTS 0900 437,367.00 11,741.00 1,700.15 7,75163 8,426.38 2,688.37 26,564.88 247,95127 23,908.39 15,088.85 128,611.21 456.92 228,457.96 Save Time.Pay Online.www.miarnldade.gov Combined taxesand assessments $1 140 714.01 t RETAIN FOR YOUR RECORDS t 2015 Real Estate Property +detach hereand return this portion with your payment * Taxes FOLIO NUMBER 09-4025-026-0010 PROPERTY ADDRESS 6600 SW 57 AVE LEGAL DESCRIPTION FERNWOOD REV PB 35-72 TR 1 LESS S475.657FT OF W1C0FT & &LESS E150FT Of S150FT &N132FT OF RRC 57TH AVENUE LLC %EQR REAL ESTATE TAX DEPT PO BOX 87407 CHICAGO,)L 60680 *1+094025Q26OD1<0 +201 5* Make checks payable to:Miami-Dade Tax Collector (in U.S.funds drawn onU.S.banks) AmountdueMaybe Subject to Change WithoutNotice Mail payments to: 200 NW 2nd Avenue,Miami,FL 33128 Duplicate public user 02/24/2016 PAY ONLY ONE AMOUNT 100DODDDOODDDODDDOOcmDa5D5l3ODlDEDlSDDDODDQDODODDDDODDGDODa t!/ ^g.4.:,v ,..4P ,:J..*A*.£b-„.miiJ •^wUi.^^j^^UWk^^^iri llllimMIWJtai..upi y»f>»*»-WTjB .Hi u iinii,l ,•>»»«**««•t iht«<:>/•;,»-»•»«-*•*»»«•'«fWnj>i>«H»i'•^"Mt*****'*-i.t'rriff *»»*.» *&.„J.;-ifLi^-ar.r.^^£|^jg^tfcsfn^^^ jft^^fij^^ %.omaWF$t&#a,£e^r Hr?t OM ^&a^.^ mwim*®* ir^^iaiti^i^BM 7 t x '.'V ftm.m&vammH& tiUtf!'t#3^t£*3ttt<W e^fcfftenfE?!;: in%?w^^„_._ £khibit**h* .#, u a i^iamuf&i^mis^m'W' iMWMPiiHi .Aseir V^ti^^&&$. 7*"""-~"tp^iii^^rSapfps^ ...jm^mm 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