Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Res No 057-17-14858
RESOLUTION NO.057-17-14858 A Resolution relating to the review and acceptance of the Annual Development Agreement Report of the SCG Atlas Red Road Commons, L.L.C.[Red Road Commons]. WHEREAS,on April 9,2005,theCity Commission approved Ordinance No.12-05-1834 allowing the then property owner to construct a project located at 6600-6630 SW 57th Avenue that included 404 residential units and retail space.The approval included a zoning map amendment granting a PUD-M zoning district,an approval of a master site plan,and the approval of a Development Agreement;and WHEREAS,the Development Agreement forthe mixed use development project was fully executed andwas recorded inthe County registry of deedson March 30,2007as required by Section 30 of the Agreement;and WHEREAS,the Development Agreement includes the requirement (Section 12)thatthe Applicant orits assign submit anannual report totheCityatleast30days prior totheannual review date which provides a status report showing that obligations have been met and that there has been compliance with the provisions of the Agreement;and WHEREAS,the property is now owned bySCGAtlas Red Road Commons,L.L.C;and WHEREAS,the annual report was submitted totheCityon February 24,2017 fromthe owner's attorney,JerryProctor,andconcludedthatall of theobligationssetforthinthe Development Agreementare met;and WHEREAS,theannualreport,inaccordancewiththe Development Agreement,mustbe reviewedbytheCityCommissionatapublicmeetingandtheCityCommissionmayacceptthe reportor,if thereisafindingbythe Commission thattherehasbeenafailuretocomplywiththe terms of the Development Agreement,mayrevokeormodifythe Agreement. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA: Section1.TheAnnualReportsubmittedbySCGRedRoadCommons,L.L.C.("Owner")forthe propertylocatedat 6600-6630 SW57th Avenue asrequiredbySection12 of the Development AgreementisacceptedastocompliancewiththeDevelopmentAgreementundertheconditionthat the Owner shall: (a)employasecurity firm topatrolthepremisesat6600SW57Avenuetomonitor unauthorizedbehaviorandrespondtocomplaintsorsuspiciousactivity;and (b)securityfirmpatrolsshalloccuronfootorbygolfcarttypevehicleduringthetime periodbetween8:00p.m.and3:00a.m.,seven(7)nightsperweek;and (c)theOwnershallworkwiththeCityPoliceDepartmenttomonitorcrimestatisticsand determinethebesttimestopatrolthepremises;and (d)thepatroltimesmaybe amended butonlyif approved inwritingbytheCity Manager; and (e)theacceptanceoftheAnnualReportshallnotbetreatedasanagreementorconsentto anyrequestthatmaybecontainedwithinthereport;and Res.No.057-17-14858 (f)ifthe Owner fails to comply with the foregoing conditions,the City Commission's acceptance ofthe Annual Report shall be subject to revocation andtheCity Commission reservestherighttorevokeormodifythe Development Agreement. Section 2.This resolution shallbeeffectiveimmediatelyuponbeingadopted. PASSED AND ADOPTED this 21st ,day of March ,2017. ATTEST:APPROVED: CITY CLERK READ AND APPROVED AS TO FORM LANGL^OeiEGALITyA^lD THEREOI MAYOP/ Commission Vote:5-0 Mayor Stoddard:Yea Vice Mayor Welsh:Yea Commissioner Edmond:Yea Commissioner Harris:Yea Commissioner Liebman:Yea (Ml )CITY OF SOUTH MIAMI SOI ithr l\A\r\mi OFFICE OF THE CITY MANAGER ™otyoLaI"Uv'ng INTER-OFFICE MEMORANDUM To:The Honorable Mayor &Members of the City Commission Via:Steven Alexander,City Manager From:Jane K.Tompkins,Planning and Zoning Director Date:March 21,2017 t Agenda Item No.:i Subject: A Resolution relating to the review and acceptance of the Annual Development Agreement Report of the SCG Atlas RedRoad Commons,L.L.C.[RedRoad Commons]. Background: OnApril9,2005,the City Commission approved Ordinance No.12-05-1834 allowing the construction of a mixed-use project known asRedRoad Commons at 6600-6630 SW 57th Avenue.The Ordinance also approved a Development Agreement for the project which was executed and recorded with MiamiDade County on March 30,2007.Since that time,the property has been sold and the new owner is SCG AtlasRedRoad Commons,L.L.C.("Owner"). The Agreement includes a requirement that the Owner or itsassign submit an annual report providing a status of the various obligations contained in the Agreement.Pursuant to that requirement,the Owner submitted the annual report on February 26,2016. Analysis: The burdens and benefits of the Development Agreement inure to the Owner as successor in interest.As provided in the attached letter fromMr.Jerry Proctor,attorney for the Owner, below isa summary of how 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 with a total of 404 residential units,whereas the maximum allowable number of units permitted by the Agreement was407.By developing the property in accordance with the revised adopted master planas approved by the City,the owner satisfied the condition of providing retail space,a management office,and constructing buildings that donot exceed five(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 ofMiami-Dade Countyand the FloridaBuildingCodepriorto the issuance ofafinal Certificate ofOccupancy of such buildings.The previous property Owner satisfied the traffic conditions listed in RedRoad Commons Development Agreement AnnualReport March 21,2017 Page 2 of 3 Section2(e)oftheAgreementbyobtainingpermitsfromthe Florida Departmentof Transportationforroadwayimprovementson Red Road from US-1 to SW 66th Street and trafficsignal replacement for the intersectionlocatedat Red RoadandLevanteAvenue;both ofwhich have been completed. Therequiredannualhousingreportwassubmittedtothe City by letter datedJanuary24, 2017.As indicated in the letter,the project meets the 10%requirement that units be rented to "individuals or families inthemoderate income segmentoftheaffordablehousing group/'Additionally,thepreviouspropertyOwnermadea$100,000 payments the City priortooccupancyof the development onthe property toassistinlowincomehousing development in the CRA area. 3.Taxes Pursuant toSection3of the Agreement,the Ownerpaid taxes totheCityinan amount equal to the annual Operating Millage Rate and will continue to dosoin the future.The Owner paid2016ad valorem taxes to Miami-DadeCountyin the amount of $1,222,134.13 on November 28,2016. 4.Work Force In accordance with the provisionsofSection4of the Agreement,the prior property Owner gavea preference tojob applicants residing in the City.Theprior property Owner provided those applicants with jobs during both the demolition and construction portions of development. 5.Site Plan The Owner has abided byallsiteplan conditions as set forth inSection5of the Agreement. In addition,the prior property Owner participated ina joint working group with the First Methodist Churchof South Miami regarding traffic improvements and committed toan improvement planfor the portion ofRedRoad located between the Property and the First United Methodist Church of South Miami. 6.Security OnMay5,2014,as part of the approval of the 2014 Annual Report,the City Commission directed staff to review security measures and security reports provided by management at RedRoad Commons,to address security concerns.As part of the review of the 2016Annual Report,the new Owner agreed to employ a security firmto patrol the premises between 8:00 p.m.and3:00 a.m.,seven (7)nights per week.Any change to this time frame must be approved by the City Manager.These provisions were included in the resolution approving the 2016 Annual Report,which was approved on November 1,2016. 7.Schools The previous property Owner donated $34,800 to the Miami-Dade CountySchoolBoardon September 27,2007. JKT Z:\Commission ltems\2017\03-21-2017\RRCAnnual Report\RRC_Annual Report_CM Report_032117.docx RedRoad Commons Development Agreement Annual Report March 21,2017 Page 3of3 8.Unity of Title The previous property Owner submitted aUnityofTitle that was recorded inO.R.Book 25496 at Pages 47-51. Pleaserefertotheadditionaldetailcontainedin the Reportsubmittedbythe Owners' representative. Recommendation: Staff recommends that the Commission accept the attached Annual Report. Attachments: •Draft resolution •Annual Report submittal package dated February 24,2017 JKT Z:\Commission !tems\2017\03-21-2017\RRC Annual Report\RRC_Annual Report_CM Report_032117.docx b^&j w&,m CS^iiilzin Sumberg FEB 2>2017 riLD 2 7 2017 jproctor@bilzin.com m^arid Zoning Jerry B.Proctor Tel 305-350-2361 Fax 305-351-2250 February 24,2017 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 annual report for the property located at 6600- 6630 SW 57th Avenue,South Miami,Florida(the "Property").The Property is developed witha mixed-use community commonly known as "Red Road Commons." In 2007,a previous property owner and the Cityof South Miami (the "City")entered into a Development Agreement (the "Agreement")related to the development of the Property.The Agreement,a copy of which is attached hereto as Exhibit"A",was recorded in the Public Records ofMiami-Dade County onMarch30,2007.Amodificationto the Agreement (the "Revised Agreement")was recorded in the Public Records on March 25,2010,and is attached hereto as Exhibit"B".Pursuant to Section 12 of the Agreement,the Property owner is required to submit an annual report to the City.Please accept this correspondence as the annual report. The Property is currently ownedbySCGAtlasRedRoad Commons,L.L.C.(the "Owner").Please note the following status update regarding the Agreement: 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 allowable number of 407 residential units permitted by the Agreement.Development on the Property does not exceed five stories as limited by Section 1(c).Section 1of the Agreement also stated the Property shallbe developed withretail space and a leasing office.The Owner has satisfied thiscondition. Development of the Property occurred in accordance with the revised adopted master site plan as approved by the City and occurred in one phase.Pursuant to Section 1(0 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 MIAMI 5330612.1 77430/27649 Bilzin Sumberg BaenaPrice&AxelrodLLP|1450BrickellAvenue,23rdFloor,Miami,Florida33131-3456 Tel 305.374.7580 I Fax 305.374.7593 I bilzin.com Steven Alexander,City Manager February 24,2017 Page 2 OBilzin Sumberg 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 of Miami-Dade County and the FloridaBuilding Code forallbuildingsprior to the issuance ofafinal Certificate of Use and Occupancy and priorto occupancy of such buildings.A previous Property Owner paid $997,895.20 in one lump sum to the Cityin satisfaction ofits responsibility to meet park and recreation 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 previous Property Owner obtained permits from the Florida Department of Transportation for roadway improvements on Red Road from US-1 to SW 66th Street and traffic signal replacement for the intersection located at Red Road and Levante Avenue.Both projects have been completed.A previous Property Owner completed the remainder of the traffic improvements listed in 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 individuals or families who are within 80%to 120%of the Area Median Income ("AMI")for Miami-Dade County.The 2016 AMIfor Miami-Dade County was $48,100.Individuals or families fallingwithin 80% to 120%of the 2016 AMI had an annual income between $38,480 and $57,720.In compliance with the above requirement of Section 2(f),the Owner rented at least 10%of the rented unitsto individuals orfamiliesfallingwithin that range.The Owner has established a reporting procedure with the City through which the Owner documents compliance with the requirements of Section 2(0.The required annual housing report was submitted to the Cityby letter in January,2017 and was approved by the Mayor and City Commission by Resolution on February 7,2017.Acopyof the January 24,2017 report is attached (see Exhibit "F").Inaddition,a previous Property Owner made a $100,000 paymenttotheCitypriortooccupancyofthe development onthePropertyto assist inlow income housing development in the CRA area. 3.Taxes:Pursuant toSection3oftheAgreement,theOwnerhaspaid taxes totheCityin an amount equal to the annual Operating Millage Rate and will continue todo so in the future.The Owner paid2016advalorem taxes toMiami-Dade County inthe amount of $1,222,134.13 on November 28,2016.(See Exhibit "G"). 4.Work Force:In accordance withtheprovisionsofSection4ofthe Agreement,a previous Property Owner gave a preference tojob applicants residingintheCity.The previous Property Owner provided those applicants with jobs duringboththedemolition and construction portions of development. 5.Site Plan:The Owner has abided byallsiteplan conditions as set forthin Section 5of the Agreement.In addition,a previous Property Owner participated inajointworking group with the First Methodist Church of South Miami regarding traffic improvements and committed toan improvement planfortheportionof Red Road located between the MIAMI 5330612.1 77430/27649 Steven Alexander,City Manager February 24,2017 Page3 OBilzin Sumberg Property and the First United Methodist Church of South Miami.A letter from the First UnitedMethodist Church of South Miami verifying these discussions is attached as Exhibit "H".Theimprovementslistedintheletterhavebeen completed. 6.Security:On May 5,2014,aspartoftheapprovalofthe 2014 AnnualReport,the City Commission directedstafftoreviewsecurity measures and security reportsprovidedby management at Red Road Commons,to address security concerns.The Owner subsequently boughtthePropertyandsubmittedrevised security measures tothe City. On November 1,2016,the City Commission approved the 2016 AnnualReport, incorporating the revised security measures. 7.Schools:A previous PropertyOwner donated $34,800 to the Miami-DadeCounty School Board on September 27,2007.See ExhibitTfora copy of the payment. 8.Unity of Title:A previous Property Owner submitted aUnityofTitle that was recorded inO.R.Book 25496 at Pages 47-51.See Exhibit "J"foracopyof the UnityofTitle. In summary and as documented above,the previous property owners and the Owner havediligently pursued and completed development of the Property and the Owner has metor commits to satisfying allof the obligations set forthin the Agreement. Thank youforyour attention tothis matter and please donot hesitate to contact meif you have any questions or require any additional information. Sincerely, MIAMI 5330612.1 77430/27649 Jerry B.Proctor JBP:id Enclosures cc:Maria Menendez,City Clerk Jane Tompkins,AICP,Planning &Zoning Director Chad Haas,Pinnacle Tiiis 'mstrtaiifim prepare under iim supmisiori: aad .whan rsDarried ief&ra ip: Jeer}'B.PPDdor,£sg;. Bihju Sto^cigBa^JQ^Pifce-&"Axefe4 LLP 2©Q South S&ca$i£.Sotriej^aid Suite 2j®& owm _ *g«m its?mbbbf ismmtfSfpf8BBkfrolese9mm (Space .Reserved for Clerk) DEVELO^ffilxT AGREEMENT Tliis-DewiopraGMAgreeiU^it is exacts as.ofthis 0%day QfMfffr&f\2D0.7:*by md between fik*City of South Mteidi*Horidis a mtweipat ^rporatkm (pCi?/)and BUC 57* A^pfeaiit.hmby v&tata$J^mates,desjares*-sad mioses 011 ike property described to flue'b&felilr of tie Applicant*siiccessars a$d as&pis,mortgagees;lessees,m&aggitigL all persons;^dsi^^.^.tftiitft^,or u^der tisemwiri.1 msfc.t&e as this Dr^elopmeQl Agreement ^e^efbprb^jt Agi3^SftnjT)%released inwrifeg as faa^&dSer pepidsd* WJ-^gAQ AppHc^t ow die pi^peiiy in diet City,to Miami-Dade CGuniya Florida, fegaiJy descriBed;cm Exhibit-"A",also kiioMm as £$30-6€4Q S.W,5?A^mue aad 5757 SW'68 WIMJ^4My^My 22,2004 Agp ti&uft fifed an apptic&laa wifli t&fc Cftjr to reside the*, Properly torTDBD (MU-4|;(Transit Oriented De^logm&rI3klrfct|lb''PUD-M (Ptentied Unit Deyfelfc^^£tid to o&iam site plan appeal (itie *Applicant!1*),and WSESEASt.&e Boridis Local dovemmeatt Developmeiii Agreement Act,set jforift m s^ctioM iS3332:0 ~163.3243,Florida $t»toj«t (the ,lAeT).pmv.ides for tte execution of developmeift agreements to insure that tte law m effect,at l&e time of the e^ecuiioii of the dSveJoprasnf -agroeraent shall govern fee devefopiierff offeelandforthe duraim©ofthe ajjgeemoit NOW,TllBMFQRE,in con'sidoraiion ofthe covenants..coiKfftfe&s,aad promises herein: contained,,the receipt and sufficiency of which fife express];acknowledged-Applicant and the City hereby agree as follows:- L RffiBila&t W$£&Beasiites*aad lgiegsHieB».fesass!to the provisions:of C!fejKr20i 1^^Ee^ktioits:of tike City of Sot^t Mlfeny,the Pmperty-^iJI toiiaproved with %iiffi^ng; a,Tfc$sWit be no more toa 407 resldej£ial aarits om &eproperty b.The Ptopofly"sfc&filaiso toe deMopM -&4th retgH spase md a te&ifig ofiSce. a Deyelopmeut on the Propeify sM!not exceed five (§)•stories above grade,in d.Qe^fcpmeat of i^Propetty shall fee in accordance wife the adopted £sas$er sate ptei&a fife attte City*incIudlBg efei?aaoM?m^^ctoral festetes,mi esiMaied cmmmM ^tLffitefertage pnrsugst to Sec^Dtj 20.3-7,<%•Cotjte, cl J>a*^ffip3Keia^of fe -Pftpsitf shall fee iadcie (I)phase. £A tafldtag ^epsi fepr Aep&i&pmtM.of'the projept aaxist:fee afpiled fer ^iMa 6 mdriths of&e date":on ^vMck $%fiml desdopprent-^ees&eat is sfgnsdj nots^m-3J^Exgkmcm of PtBD X pgi^fe Kad^efe 35s order to eabaace ptf&flc fe&lities:m &e GiJy of'Smufa M1&&&A^licM:agreesto ps^de services-.in oOTtpS^Qee vtith Smkm 20-4.1 of theCp^f olfbeC%of %iAAmL iiiduiliGg:. a.#^fe aiM:8&ee£Services fet comply v^th ail re^fcemeilts of S&fel-Dade Co^iy for 3$$*fefenig;$rmt to Isstmoe.of a find Certificate of Use asd QcGUpaticy* b.Solid Waste serac&s that comply,witfe all re^p^meots.of Mi^D^D^d^CoHfltjr for any troldiag;pridr fo..fosiaai&$c*£a fiBM/Cfejffi^e <sf Use aad Qc^p&oy, 6.Dre^age ssf^bes that"^.j^y ^ifi #letpreiB^its of:tfte.Plorida;^1^i^g Code prferfe ffie.oc^pCTcy ofasiy tafidkgs, d,Based oil.tte prtppjgd iMdestWj^uMfcn on the Piiop^rfe Applicant agrees to, donate $928,000 m one knap s$igrt as Its respd2S&i&[y for iaeeltog.jasfc.and refcrealiQri c^ftoctojofiy,Payoi^it shali:bemade on:or before receipt of tM first MIdiiig pSfidait ami stiall mdtofe any interest of ranyiBg oast mcuired by the City until receipt of tie payiB^t Merest ealeularions an§ibdlcaied on attached Exhibit "B",tncfcifo^edAerei&%refereaoe. e.tfalftG-A^pHcaiit i^fl obtalit aec^ssary go\^Jiiis^tta{af^pravais,aad cause to Iiave placed a^d opemiloi^t *separate left-turn,xioitlibouttd entrance kne ea Red Road (SW 57 Avetai^Mo fihe noMemmos*pioposed ddveway oa Red Road oti the Propepty.prior to the oomipasey".ofany buildiiigfon die jmperty:In addMoa, Applicant w2l present plaas wttik two:(2)years afier tte;recordittg of this mm? r <*, Devefcpm&irt Agreement to |£vemm^lt&f ^.tfeoritie%including:the Florida Department of TVaBSpOTtat}oa5.&r beatification of tbe median,.area to consist of curband gafe^Mproii^emeiife ^d:1asdseap3iig m i&e seater of RedRoad(SW.5? Ayesn^firmly SQ&ftr of the:fetearsgetib-m of &sd Sbad arid Pooce db Leon Boiilevapl^Siabjectto approval ofnecessary pewits,by governmental atrfteritfes, Applicant'will pay for spA wmlrtitt &e beMrfificafloh impmvem&l'ts. H^iisi%^A r&qutrewBi of te#pieTCen£(10%)oftbe tajats will fesat to individuals or fkni.iies m the Moderate immm segment of the affordable housing grotap.If tti$i^iderjtfai units convert -to iGcmdommfain^tea petoeM (l#%§ctftfe units mil be sold to Itidi^Sdiials or families.in thfe moderate ifecom^ssgpflgtit of ihp affordable hp'^siog poub.In ^Wjgfeg ccjQQ)lfea»»wi&fete paragraph,tfee City shall allow-s5faor donations restyling froift sMMstei^ciades.Incomes sfeall beTeased oxi Aiea Kfcjiaii.fecoine (AM^:,as.d.e&ged Ijy tbe OX D'^armigiU of Housing a&d Orbm DeFelopi^Rt.|roof of Gpmpiiajiiee wltb this requirement on aa.aipaal basis shaD be.provided in wriiijig ob or Befcre Janiaary 15 of the MMimfig f&ar to die City Majiags£In.addition,tile-Applfca$t dsall ndke a p^5^ent of11-00,008 tothe City on ox before the HSHa^ce^of the:first certiHc&feof mb sad oeafpattey for the de\*ej0pmeat on ffie Ftopeif>%to be placed m aCity trust:fijhii fe-%m&m die deVlilcpmMt of fcw:mcome housing in fli&C&t^s Tastes-Appli^t agrees to pay alj taxes to theCityafgMith Miami m W fA&mnt equaltothe Miml Oper&rogMlage Rate.If.die Property Owner mvmvts m m$mp$^f$f.pyfiig:Oflefatliig Mitjage Ta&es %iip I^aim^^£oat*r&the to ifes €ii$M Smffi M&M In any yem tfet:SticK ^^ptioft is g^ifct lids pro^Mbit shiJliiot;abrogate a»y of the Property Qw&$ft rigps to $Je appeals"of Tax Assessments for the Property,in.accaidance wttfj tMI&ws of Miai3ii-Dade. W^^'fereK,fii at*effort to eriha&ee"job oppoiimiities*Sar fosal oilizefts, Af^ifi^iia^^to give a preference to.job applicants residing m South Miami, fe ord&far maximize-the jpooiof appllfeafits froM South KCianii,,the.Applicant shMfcssnd:m£m t^lMC(0)^\^Ag^c^Bira^r of&£€ity of Ssuth Mlmmiii,w a isubsiftite desi^ee by the City Manager*pdor to ot commrmi with ifee issuance of any 0)bidsfor comtruction-worit oti to. PrQpertj^.(S)bids for teinporary or peniiaaent naafntie^aiiee.work on fee Property, of (3)proposals-for leasing,of retailspace on the Property,Inregard to recnu&heftl and ennployfoeM,fliB Applic^-rf shall cfersoii^trate dm it has used its best"#$r&to bin*j$>b applicants feriri the City of South Mia3T3i,prmrided such caadidates-arequalified for fee positions in-question to addition the Applicant, shallhire,tim residents from tile CRAdtettkt to assisitfie Applkaot ta p^ovidiag cor^trtiction services:dturiog ffce periodof coiistruction and developjiieint of The Property.Patient for.thepositionsshallbe at AppiicaBt1^sole expense and shall be eomraensurate withsimilar'jab levels and responsibilities in comparable mdiusjne&: Miami «193 ia 1s tnmn m- 3« 5,Sife Plata* a,Applicant shall reNb siomwater drainage runoff cm sife in accordance ^ith City b.Appiicaal;sbaSl provide ensile security.As part of ok site security tobe provided by tM Appimmi,the Applicant sMl mofoitSt and.keep operablfc die security gate ro the pfopo^ed parking garage and rmajoer arrangements to ass**re ^En^i^acy accessby public saiety vehicles. c>th®-eBtra&og at Levante A0%.shall be siignalized..and approacbes:installed based cm approwl by M&ni-0Ms Goi^cy and te Slgrffe $i"Florida I>epsgts?en|:of d.Thcs exit i*r tte driveway onto 5W &S:Street shall 1te4^pgd Md ogsmted.as a ri^fte^®tiZyM%f£m%*T3*e exit shall be $§^:wfii a g$e to prK^ffiti to t50$:bs^e^:fhe&os^HQf T^OiQ AM-ai^l'l^^O AM;^Kfomday tft^JKda^ e,App|i6®f-shall prdmdi &:naiiHfi?ilm of doe (1 J&%location'offsite fbf•s.ef\*i be fcj?' ffie:'fetj<^TI&#i^ttle,^op toc^ri<^^telino*fe^feewMlSW57** Avenue traffic Ail HEn*)Cfene stefije passenger picfetips shallbe .coordinated wiflifte City cf'Smttli M&nsi $jltot&.pinups to fi&ramise ff&ffic iinpaeM; £Applfcaat..^iaii.pmvide and maintain landsfcaping ae^tsfeje to fe.Caty bt&MSen the FPL fmoility and .the garage.,The appjjc^r mist,provide a row of 12*higli. tlges with fcurife circumKrent^not less tbaa $!&$*££olt t&fiif^s:jrbgeriy- tj#es to fee leafed on tfe'Cii^S property between tfce F6t facility a&d ttoe South. MiCTi.{^m^»%C%ter,fdiall beuftifofe teappea^nMiodfeott$is{offtotless: gi AppJifcanl:s}Ml pmyide.and maintain a six^fop bigfe €BS wall feetv^een the projectandthe remammg;semce station, h.Employe paiMn|sftall;be restricted in the g&ttp and if:tliUl be :iie-ds^oper% or life $^igi%T^oi^i{Hy to st^rnit v$ti\sack o<50^>atiortal:license proof that emplovees are utilising the-assigned parking. ?.Aj5pficant shall provide a.riia$fc£signage:plan for project"identifcaHori*.tauftc, routing*and mail stores prior to final project approval by the EavTOmnental Review and Preservation Board (EKPB). j.Applicant shall limit on site lighting pio'perly edges to2 foot-candles of intensity at an IS inch height Within six months,of project completion the applicant is to provide a certified reporton thrmandated iljuniination level. k:Applicant'5s 10 assure that,the refuse service areas xfiall be.large*e&ough to SGOomnipdate adequate ditapsters.The final number amd dHtte^sions Q-f service areas $rall be mandated %y she &ryponmental R^w ond PreservationBoard £HKPB)at inri approval stage and adopted and incoip.OTM.ed as an exbibit to the Dev#Dpmmt Agreement prior-to &al approval ofthe Da^bpine&t:Agreement L AB p^Mfcg and slreet.improv^n^fe placed on tbe pMia right-offway on.tW 51 A^raiae by the AffKcanl shallbe aialntafeed with fiands from a niainteosEiee bond to be pasted,priortopermit tss&anoe in accordance with rules of tbe Florida. Deparnneft*of^Traii^ortatiDn,Proof of posting of (he bond sball be provided to, m,Apg&aiit mast Krat tbe rypes of *3&ii es&aMistofSis in order to assiaie*that tbe reqmred pferJdgg does not exceed the iniiial retail patting altacatioa m the adoptedmasier ste plan,Applied to provide.tkeCltf m inl6al...pat^tei§plan for n£a3 stores aMshai^m^ntain tfte.altaartied mi3&ber*>f '^pac^for eacb c^tpani a.Apjxfeaiit ^tealiiasi=all all sidewalks as shown on tte a&pfel:MaslDer sie $M%. o.ApplteSM sfealTv$m up t$ws ipaseo on tile:nortji'side as shown on tbe amended site plki^as ajpfo^ed by the Planning Boards fe order to faeak upthe long facMe of ffce residential hmlding. p.Applicant an$£fee City shall agree on the mirnfeer of locations oflbs los&^Kones. priorto the &al approval of tie Develapmert*;AgreeBisat The dimensions and, locations'-of tbe teaimg -ao&es sMl be aitaehed as an.exhibit t&&e Desetopriient A^jeemeiit q.Applicant trnderstaads sad agress:thattbeCity may elkakiate the em-street p^kingspaceslocated on SW 66 Surest. r.Applicant'sftafl provide 1,001 padclng spaces [#hich nnay be reduced in acGordanee with Condition #5%neqy{rtag:ren^oviI:of *M-s*reet parking an SW:6g Sti^t^.jiixbti^£4oinbmistipn of p^fcisg garage,a sfea!£surface Iot,..aiM ojH&e street parkiftg. 's.The Applioapt will cosiiEait to pa^idpate in a jofe vmrkmg grofcp wi$t tbeFirst MeiShodlSt CJmrsh of Seiitk Warn-,and municipal*c^unity a&d Stale agates,to devise a plm tafifaDy ;%me&bfe &&£pHca*tf and fe pijsi Unit&J Mkfeo&st Cluirch ©I"South Miami,for pedestrian improvements and beautiiication &r Red Road.Applicantwillcontribute (lie eoBstraction cost of specific pedestrian enchancements agreed uponby Applicant and the First trailed Metbodist Church of Somb Miami. The Applicant will present'plans for traffic permits indicating travel tenes of 103 feetonRedRoad (SW 57 Av^rtne|and,if approved*will create an enhanced "landing zcaie"for pedestrians intbe center of Red Road betweentheProperty and the First Uiiited Meihodist Cburcb tothe east,subjecttothe approval of MlamirDade Cpmty.and the StateofFlorida Dep.artmeiii of TransportatiotL Miami Sf93i3j>?32$m53t t Tiie Applicant &&$not exceed a noise imzl equal totbe anient bacfegroiand level at 10:0©PAC at-a location adjacent tothe Prbpsty to-be selected bytbe P!ai»ing:Bkectox;said.Itfc&fifen May change feom time to time, u,Tfee Applk&at s&af obtain appeal from tbe City of it parldng plan fox Goastmeitoa workers prior to tbe issuance ofa building psmJl 6.Seteeoly.In m effort to assist pnblk schools tecalM witirin tbe Oy,.:Applicant voluntarily agmes to donsis S$4y§fi0 to the?fefiamv&ade County Si&ool Board (*S<itool Boa|f%to be sp'e^ificaiHy earmarked t>r copiM mpmvcmsMB at pstblic schools'lo&afcd m ffie City,T8e AXIOM'S donafi&n sttfl fee paSl spga the- isiuaiics aft Cerri&4!£OfIfeeaod Gcciipancy forthe fin*'residemN i*nfi<m the Property^pbcisi^n^sb^lJ be tode jointly,by the Cily and School Board,and &gd$mii^i:fee ^^A^flia 6*b;(2)years of %e dont&iJt ®x ®:ss*s$t that nor cip^i;imprM^ai|can.fei id^xtifiid of;agreed npoa.f<k ffie espeitfiiire of the &&<&mfhm tlie two yea*i>OT©di ffie AppMca&fs donation may be nfi&ed -to fcai prag&iis,p^Sfe^'Sate^^ffi as additioiiai t^puiei^m iri any manner t&tft tte S&Sfool Board a&tt tte 'Gky rfel^nftes.will triiapc©tbe c&meultim and tbe students'Mei^dittgthe sybjeci scisooBs edne&tioaaj experience.Terais of the' donation m&$Mmi gmeil£i©&.analysis,are coi&atosd in tbe School Ibifact R#s*k$r Aitt|ysis:da&d .Mweanb^t£2004,attested toMs Be^qprnem Agf^fterg:^tthsrefey incois^ted by reference, 7.thutv of Title,Applicant shail submit .a Unity of Title,pursuant tothe r^niremtats of^^^^^^(BlilXClty Cbdfc. NOW THERlPORE»tie City,in eonsktermioa of tfac;pren*i5es:;,Jiereby agrees as follows:- 8,Ve&tingy As:long-as-tie development on the Properly is in comp&nee wMi this D6^el6pmeni AgraeitieH't^and allja^iilicable kwsr ordinances,codes,m4 policies other reqdremmtsiinpose.d by-tbe City CoiMnission npom i&e ratification of tbe i^cimftf m ffle site plan ap^nd^at m die Property,the Bt^erty sSali aol be tbe subject of a do^pzoning appjifcatlon bj?the Cityand stall not be subject to apy development moratorium*referenda action,oirfiHanees*policies,or proeediires enacted by the City IhM 'ihStM,the detf dojpscnf contemplated by this Agreement an:d de£fi#sd in tte Master Ma&Any failure by iUs A§reemant to address a particular-permit*,condition^termor restriction shallnot relieve,tbe Applicant of the necessity-'of complying with,the la^governing'said pentiitting.re^nirejtteius., coi.idittonsft:tenns o?refstrtetipiis; 9.Inanac|Fees,Ttoe Property shall not be subject to my -new Impact fees imposed by %itib\City'afteif the adoption of the ResofutiOii a^proYing.this Development Agreement 10.C&Hgnrneney and Consistency,The Application together wMi i&e-Applkaafs per&nnattee tinder tbe De^elopfncnt Agreement satisfies the concurrency m^tjui^ntents,as delineated in Section 20-4.1;City C&de*By ax^utfoa of "this &g$0mLZ&ii the City acknowtKlges tet tte appiicaibn forsite pla&appeal nse^ali^da^^ini.S&&m td-4.1 of tlieCiry Code* m&that &p iez&mg and slse yim application,and this-Agreement are oo&sisfent wi3a tbe City*Cbmprebmsive Plan mi Land Development Regulations^ Additional ReqmkenKtifs: 11.Term of Agmnfent.The p^feions of this Devdopment.Agreement shall became el&oci^e upon its ret&nktiofl-in the public records of l^ami-Dade County,FloMa^and shall continuein effect f(x apsiiod often (1Q)years ate:the 'dtofe of m*M mm^mm,after #&$k iSay be exited bymir&al c&nsentof all lep&and ^tatabfe owners ofthe Praperiy,andthe C&y of South Miami upon approval ift:^gnbiic ketong. 12.Ahniini Jtendft and REvle^It shall M ffie respdiisftality of Applicant .to fiiMnt an annual report to tfc City s&iflri&rf to fulfill the r^qprernents m stated inthe provisio&s of;tie Ad-,and Ordinance No,1I-Q.S-1S33.TMs;agreement shall he iwiswed:aniSmlly on the tolversaty c£tto efiect&e date of ihk s^ezmmi. Atifflfespt>.or'its asrfgtj,.shall st^p^rt ap mmnal jspoji $¥least SCKdays prior to the annoai review d'Mei Tills report shall:eontain msfetid&bf-s^tfon li^fing of'wfeat ohli^onl:have/been niet and the date finalized,as g£bd faith complian.ee with the femi$;#t|ts s^#me©{*:Th^City Q&mnission shallisvi^&e aimu&i r^P^t at &pii&Sfe mee&g^If (lie Cfty Qoiwilssbn::#hd£*dii tHe tels of ^Manfial c&rt^^evid^cfe^that:thftrs has Mm a flrttoe to dopply with-the fiertns of the 0p^ibpnjenf Agreement^the City slall prowde:the AppJIeaos with a fifteen (iS). day vsrittea notice and opportunity tocare the iiOii^Mpllancev The:Applicant sfeail;h^^45 day&after the ^|iimtidnj)f fee 13-day notice period,to begin to sum. tip.no^^JP#lianc^.after \$u*$i fh#Agreement twy |>e looked ox rr&dlfied by te €%;Tito obiigatiOT:to submit fin-sanaal report sfiall cbric&de-upon the-date cm which,tbe ap^ement is ignnitaalddi. 13.IvI^riic^ttoE^tbe previsions of tliis JDevelopmmt Asree^enf.n&y be amended, added to*deragated,deleted5 modified,or changed fforo time to time fry recorded insfmmetiJt t&^iited by the then owners of tihe Property arid the City.Any rnodificatfon?to tbeSiieFlan must'comply with the regula&ns for amctidipentto P©P-M development contained in Chapter 20of the City Land t>evek>proent Codd 14.^ftivmwm$+The City,-its.successor or assigns*and ftte Applicant,Its successors a#d assigns,,shallhavetherighttoenforcetheprovisions of this De%lopment Agrtemmk EnfbrcOTerit shall beby action af hvt or in equity apiiist aay paities or persons viplatfeg orattemptingtoviolateany coven^its, eilief to-re^tr^in violations m recover damaged or b&h.The pi^^ailing party in the action or snit .shatj be entitled to ireCo^r,in addition lo costs mid di^nrsetneafs'aR&#&&by law,snob sum as &e court may adjudgetobe reasonable'fhr tb*senses,of its a^omey Atto^ney%fees payable under this IS.-iasBecftQ&,KoMng m Shis Agreement shall be Doomed to \*dbe or Sipt the City's gcf^^smiait^at&korlly-a*^mmd^i coipbrafion^poMoaii.stibdMsion of ffee Slats offloikto,Tbe.AppE^amti ferefore tmda^tands and agrees,ttiat any official faspeotor.of (be C%of loath Miami,or ks agenfe duly authorized,may have the privilege atany &xm daring normal v^oifcmg.bonrs of entering and imm^s^m^the nsi^of ^i^emiiseg to deten^ine w&e&er the Propmy coinplies \ntfe building and zoning.r^nlaSms and the conditions feeran.. IS.AMMfh^Mm a WhMiftfd Perrons and tfospeii^n&In ftts event the Ap|#^^i^m?icsbjKg^l $o iiake ^^nt^te or .te|»^miei^andtsr Ife terns, oftfefe Ds^apniefcl:ApeeiS&ri and:soidi parents ase gjp€made as rc^i'redi or sn<$t n^m^efte&ts ar#nttt madi.^reqfeed^in aidliM .tS any other-remedies ay^lsfcfe*line-'(Sty #StMtb MMM.j£te^y aiiffiorlfeM to ^mMijiM.anf xiinhet perm&s ©a £be portion o£tfee Property failing to com^y wi&i tins Development Agreemea^and refcseio granf a#y inspections,any a£p*&Ms,or anycer&ifeates of occiipaiacy v$£h reprd•%ttott fKJrtipn cf fh-ft Pmp&ty until such ^rne tM§ Development.A^eernefct is ecar^fodw#n 17.Reare^r^tk)ft$af the Apilrfean&Applicantre*prekents to the C%«s fellows^ a.Thfe e^egution,defiveiy and ^tonancdi-of tlhis A#eentfetjt ;aftd Ml other mstene^ts:mi agreer&ente e$&^ed:in conne(ficaj «$x iIis^AS^srnent:ijpe be&n ^pMy ittfisrized by the Appiicanfcand-do liot-.r^nfe further appro^l by Applicaitt b.ThJ&Agreement lp§been prqp^rly executed*and canstltet^ApiAanfe legal, valid and binding-obligations,enforceable,against Applicant in accordance with fb-tefixis; &Tteg aren©aciSstis*mm or fKtjiDeecSn|s pending sr th^atsnetf:&ga!fcst 5r affedfog Applicant bejfes^an$court or gevemmental agency that wou|M tti any matgrfaf wSy Mfect A^iicart!^i*it%t6 perfteii Mi\A0MiM& A.Applicant,sfe&ilnfct $cf in.any way wliatsaeysr,directly or indirectly,to canse this Agreement tobe amended,modiiSed,canceled or tennioatedl except pursuant to its express temss,and sliall talce.all actions necessary to ensurethat this Agreement shall reniairiin foil force and effect at all times, e.Applicanthasthefinancial capacity to pay or advance in;rbe City all £e&s-and payments ast^yired under titis Agreement 5§*fifewrabilftyi If aiiy proyisioii of this Developmefit Ag^een^t 6r the application thereof to-any.person or circumstances is hdd invalid,pix^Bbited,or niiehfbrKe^fite.fbr'mf j^asqn,lliis th^Devdopin&nl!Agreement sM be. mdFfeeth'e ojnly fe such extent and &e rematntsg pto«*so&s.shall continue ro be g&eB fullforceand effect so 6f aspossible. 19-$m&£^rm^rMWa,.This Agreement bas been diftfed -&4$i the paiiidp&tbni of the-City and Applapaaii and their compel and shall be construed againstthe Applicant tti ismaes of draf^anshi|L The captions of ea&h article^section and stihfebcdtm conned,to this:-Agreement:aie fist ease fif reference only and shall not aflfect.&e fet^remtianal meaning ofthis Agreement Whenever tbe-term ,cmclndedM is used,in this-Agreement*it shai n*ean that She included items or terrris sre in^J&dsd witbont imitati®as to.,any other itetns.or tgn»$which rnay fall within tine Kstsd category* 20;Binding Effect Theburdens of Ibis-Agreement sbafi bebinding upon*md the be&eits of dlls agfefeilienr shall mm to,ail m$&8&&&mMmmio tbepftties of t&Agt^peitt; 21.•CggJiofls and Headings,.Paragraph headings ase fhr convenience mxty a&d $iail flot befised"to constni'e or mtesrpret Ms Agreement 22.A&tslfeable Lfl*vs»Jurisdiction and Vetare,.This Aspeeroent shall be governed byand interpreted*construed;and enforced &accordance with tbe internal.,iaw^ of Fljbrida witfaefct ifc^ard to piificiples.of canflfcts of few.This.A^sem^f may be-^i^rced as provided,in Section-163.3243,,Florid*Statutes*•Vesqfe for any lifgation.pertaining tothe subject matterhereofshallbeexclusively in Islkmi- Daiide CotMy;Boiida. 23.Ifo&BESi.-.,Agf notices Or.ii5p.5rts required by this A^mrmi shall besentto tbe fM|ow!h§x. City'Manager C^ofSb^fli Mm® Cow ten PIsia&tf ng Director Harxningand Ccmniranity Development Department City ofSoutia Miami 6130 Sunset Diire Soudi Miami,Fl 33=143 iawr For tteAftt3liea:nft Irtrra AbeEa-Esq; Gfesiral Cou&sers Office. 1320 South Dixie Highway,Suite ISO CbMGailes.Fi..B1;2S Cam to: Jerry B,Proctor,Esq, Whm.Ssmberg Baana Price &A&eirod LLP 200 So,Bfscayne Boulevard,Suite 250Q MkiM,R 33131 24.W^Q'^-Nb failure or delayby Applicant of tbeCity to insistuponthestrict pfllibriBgaoe of eoy co^nattt^as^j&ent,tmte or caption of this AgDeemejit?:or to?exercise,any rig&t or resjely conseq^ei^w$m the bread tfeereoC sball constitute a waiverofanysuch breads or any subseq^aat breach ofsnob covenant agrestnent;t&tn.or central.£fo co^nstit,&&c&mg&£*term*or coMfttiol of tbis Agreement and $o breach thereofshaft be waited*ateed or.nrodifsed e&oept by wrf^n.instni0i^{.Ho waiter of my breaofi sfeaS afifeat-or alterikh Agmvmm% bi*re&?k afid:e*<ery coyaaant,^eM&$t*.fern aftd.cc^iftka of thfe A^&ipent stett «r#i^Ml fete and effect witli respec*to my ofeer ten existing-or subsequent breach thereof, 25,fltfei fetfe ^iffeilirfe .IMs.AfDeieaneaf,WeMiiMVely for tte fegoeSl of tbe gattlgs b^fe 8$Ctheir Affiliates and it may not.b£eirl&rced by ajiy patty (After thmtlie paities fo Ms Agreement and shall not gitfe-mse to liability to any tlurd jfeirty otfier tiim tiieauthored Muessors and ^Sgns oftheparties hdreto.~ 2&Syn#ak Artv covenant,term oir pirovislot)of tfiis Agr^ment which,inorderto be.efiferfive,-must,survive-tbe.termination of Mb Agreement,shall',survive any suefet&i^adon ijndiiding vnttemt lkmiafioru patia^apte 2,3,and 6 vdmk shall mr^&Mis Asreeni&iL 371 Periods-of Time*Whenever any determination isto be made or action is to be taken 4A a dafesjsecified In tins Agreement if s&oh dale sbali fall ona Saturday, Sunday or Is&gl holiday,then m such,event said date sfealtbeextended to the next day whicb.isnota Saturday.Sundayorlegal holidays 2S,EhtirfeAgfeglheht This A.greenien1 sets forth the entire agreement between &e- pstlies:hereto with respect to ite subject matter hereof:All -agreements, covenants,.representations,and warrant!es*express or iin$>tied,oral or"\wittes.of the pattieswith respecttotlie subject mattter hetfeeif areooniaiiied herein.Mo other agreement^covenants,representations,or \vmrantfes>express of implied,oral or wrftten have been made by any party to.the cifeer wit&respect tothe subject matterof this A^e'ement AH prior and contemporaneous conversation^. Mimi b)ma.is 7J3«z lis i o 3/29/07 dfeeaissi&ifs,^gofiattpis,possible «d alleged as^effleats apd i^r^ptaijiofi^; co^^enan&and-^asxanties'-%€&reject to theMjject matter hereof,are waavsd, nidged herein sajd'^np^^ded hereby*Etch p&iy alfumatiwly represat&'that no propi^es fjavie been made tothat pmty to are not contained in tJus Agi^ns^ antS=tME%h&its»m&stipulates thai no evidence of m$promises aotC0Gta-inedin &Agh^ment,and the ExMihit^sfialf be admitted into evidence orttts:behalt This Agr^mentsfcM not^e s«£^or modified,by ary course of dealing,o&uise of perlbin3asce:or uses,of trade and.may onlybe amended or modified by a^Tifte&ihst^^by officers ofhfitib parties. 29,Coianterpartjs.iMs-Agreeinest may bg esecafed (includingby feesferilej is.one or more counterparts,and bythedifferentpartiesheretoin separate counterparts,, eadb.of ifcttdh wtim executed sfcaftbe defined to be an.orighial but.all of ^rMch tafen'togpter ^aliconsfiMfe oneand the ^ms&^pam^ 3£L B&cM&Stidit.^SKii 2©dap after the D&velcpftent Agreement hs£beea signed^ by'h<&the Appicsnt and:the City,the.Applicant shall (Mm a copy of the pewt&pine&t Agffi^ent £d>be recorded at the Applfcanfs expense in.the registry ofdeeds in MSatoi-DWe County. 3 L SsMbfe All ®MhiX$attached her^©contain additional iern^'ofthis Agreement 32.Elfectfa^oesSv Thik Devdopirient Agreement shall become-.effective afterthe ajpprcral §iTfie ^lfeSiMS fe rggonfeg and dtgplssi:a^o^l and the s&|i£gtion of py ^eal petf&fa The ^rm?Sof tj>fe ^pq^feg^0JEiS",^>r rd^onang at34:s?fepte approval and of the application for approval*of this Development Agreement, shall not become effective antil the Fart ddnation is established and .agreed ujpn fef the jk$0i^§o4 &fc City-®.aie^rdsnce v&fo Paragraph #2&ITshe fMk donjon is notestablishedin accgrdanee wifeParagraph-#23*tlie applications fer ts&cmkg,site pto approval*m&approval $f this Dp^ops&tf Agreein^t sfialt be ccfmadefed wi£b<|i^wm t?^cmtprejudice by the Applicant IN WimESS WM£M0Fh t&s&e presents have been e&ecnted this c**dayof vim? AcaorowLBDaHmnrAsfe-acceptance by cn^M^tmaftiUMi mowall mMBrmmEPRBSEimft&z Tlie City of South.Uimai a^nowledges and accepts tfee foregoing Des-elaprnjE^t Aga2ement and.each andall of the terns and provirfoms contained Ih^ein, -«dated andattached h^reio. DATED ftte <£f day of MMM .2007. CCff OF SOGXg WAMI CftyMasager Maria-M»M»w**s* StXtEtfc* COUNTY OF rhelbre^fegjB^fe^t was is^fiwiedged b^f&re tir thfegd&ffi *day of 2007 by ffeb&je &jff?/fi&ffi-*..j^T^'Jwmp^'-of the-City of Somtlt Mi-ami aid attested to by ^aria 3vfc fcfe^ftcl^-"•'y,d%Cferl^ofAe City of So^tfi Miami who ^re (j ^ea^ndly'feowu td me or ():pii©dybed^valid difv^s liceSise^id^tjicadoji.- My ConmMssioii Expires: MIAMI «««M%J4a^jayS7J26d2iS3). Notary Bublfc^.* vXtH Maria M.Measrateg SipName:1 JT^^^i^-[h^^^. Print kamei ^^.^gfffa'M,MemtKiSZ Serial No-(Hone,ifblank); [NOTARIAL SEAL) 12 IH WIINES5 ^HME0F,the ^ndGcsipied'party has agreed:tothis .Development AfreeaBe&t dated as oftfee.^j day of M&vxkj 2067, W26ksses: RRC 5?OT AawOTB,.LLC,a Florida limited B&hility tOESpa^y 3&-^fyf;ff\...laOTtwii&Diiitytoispasy PiM.Mame:*4nnftCL 1 1*BSgUit B-y:IMve**%*ofMM STATE OF FUSESSA ) COUNTY OF MIAMM5AD E) .y: rule:Semor|yfe*.'President for Bas&ass- mi Fiha&ce Theforegpfeg instrument-was a^otvfedgedbefore me M&$j:day oj 2QQ7t by!»s$h ^J^SSS»«•Se^orVice:.jPr^ifent for 8^e«^-ft-NSc**of IS iMvsi^y of Mte«5 a Flpri&a jK»-$»Ntf c^pmtian,tha-Sole Merf>e£of HS£57*Avsnu&IXC;a Florida linnted H^aity compaiiyt Hg/She is ^ersoaalh known to im m has produced aState of 'tkr^s licehsa as idea^fitatioft,. My MIAMI 81S3ICUS 732S021531 3S8/07 Sigh Name: 13 Serial Ho.foo&eiif bte|fe)::^tt^^Oj/^11 PQTAR^SEALJ \™/b«6»OCX 10,3010 iXHlSIt'A" Parcat I: All of Ttact 1,of the RE^gib PLAf <5P fii&MSdD,aosomfeg to the "*tet t&&£<$:a& reeSrfed in £i&$oofc35*&Pag©72*of the Public fecjords of $$mi45ade Cbuatys Florii&v k^§ tie Soiifti 43SM7 fact ofthe West 100 fest.and fe^alsotfe Ea^;350 feet oft&e ioHih'330 feet, asai*less -also the Soa&125 fest of tte West 175 Jbd ol iha East 32$feet,,and less also &&East 75 feSofl3w West Ulite'of tor S0u&.325 feerofsaid Tract. Parse!2i The EM.75 fm of the Wm 17$&t of tte Smith 125 fe^.of Tract 1,of REVISED PLAT OP fEdMWOQD,v&s&Sns **ib-$$&thereof as recorded,hi Plat Book 3S,at Page 72;of tte Pufefe Reooiids of Mt^^BadeCi&iiJttSi hoiida, Pareeg:3* The *terfe EH feet oC-tftt.SB %rf.-fte NB K rf the-SB !»tf Ssctftm 25,.I^wa$h^'54 Sou&,: ^TS^kai 25,Towasjjlji S.4 South,Reage 40 Bast* BMffil.4: tbm$mvf$&SE<&<rf&eMS %*ofthe SE K of%mm2&Towa$b%54 Soath,K»gHR East, d^sc&ibed a&fbltewsz Bepri at.tfe*$E corner of smdSE$A of the'1SlE.&of the-SE &;thraceraa West along tfe South Ifte of said SE »of tte HE %of tfe SE-ttfife*ffisB^c^iSS'ita &a BoSt of Begpiffofe tfe&SS-Mij t*M..j^el m$&fifcfi Biie ofMd JB&of i&NB &«£fe SE &jbr kcBsWioe of 1S&feet;thgaefc rta ifesi fgralfei fe M Sbt*&lhi£of said SB M of &©HE £ofthe SE K &r a distant ®f 100 feat;teee ma parallel totheEast Hue ofsaW SE Woftte HE '»ofthe SE Wifer a dksrice trf l»&£to'm Smtk &te ofsail*SB-K of the MB i*of/ite SE &iiem^rto East stagsaii Sbuth liMof tte S"S'VS oftbs HE'VS offe8E14 for a dsstaice of fOO ffeet tothe Point of-Be^oaibig^less th^So^fix 25feet forpn.hlic road pufjKJsesL Pamel 3.: TtetSwft ISO feet ofthe SoufkBO fter of tb&SaBt ISO.feetofTtewt 1,of REVISED PtAT OF FQIKWOOO,acs^Miftg to tie.,fkt flM-eoC n r^cordad ih Plat Bdofe 3S;tt Pige 72,of tii€. ftiblJ'C:Rooon!5 of Miant-Bade Cmwy,JFtorida. Paatel 5: A i>OTtfefl of Trtd 1,REVISED PLAT OF FEeilWODD,according to the Plat ftereof,& recorded m Plat Book.35,at Page 725 of fee:Public Records of Mtami-Dade County,Florida,. utompBrtCTtoly described as follows: Tharpartofthe S6-nft.east'Quarter of die.Northeast Quaker of ifee Southeast Quarter of Section 23,Township 54 South,Range 40 &st,dfiiscrlfed as tblfows; Begis at tte Soutbeasf-oon^er of .said Sotitheast Qtiastear of Horth^ast Quarler of SoutheasC wm\mmnAi$%2&m Qjiarto;ctence ma West al6sag,tlhe South.Hoe of said 'Southeast Quarter ofTKfortiaeasi Qugfter of Southed Qiiarter for:a distaste of 285 fkt for FOMT OF BBQIBM^thence rm Worth parallel to B&Hii£of said Southeast Qjm$®c ofNortheast Quarter of Southeast Quarter ISO fest; thrice,ran W-est parallel to-Stmtft fm&of ssdd Souifeast Quarto:of.Norfeast Qa&m of Southeast Qiiart&r 75 fe^-ttac&rtm South,psiralfel to the EaR&jfeof said Southeast Quarter ©f Mfciifeast 4*&tter of S^.\ithe^Q&arfcer ISO feet to the South liiie of said Southeast Quarter a£ Korfheast Quarter of Southeast Quaifer;tepe East alcmg said Som%ltiife of the SojpBthssst. Qpailsr of ^orfeast QlStftear of Sc*th66st Quarter for a distance of 75 feet to the POJNT OF BBG1NMM3,LESS the Sau&H feetfor public fool Miami mvm,\iszmmx Thisinstrumentpreparedunderthe supervision; and when recorded return to: JerryB,Proctor*Esq, Bilzin Sumberg Baena Price &Axelrod LLP 200South Biscayne Boulevard Suite 2500 Miami,Florida 33131-2336 lllllllilililllllillliiiiiiliilfiigilSliil! CFH 2010R0201072 Oft Bk 27227 Pas 1492 -U*B5 <?pss) RECORDED 03/25/2010 09U9:5i HARVEY fcUVIN,CLERK OF COURT N1AHI-DM)E COUNTYr FLORIDA (SpaceReservedforClerk) AMENDMENT TO DEVELOPMENT AGREEMENT This Development Agreement is made as of this //day of Akrc£>2010,by and between-The-City-of•SoutliMiai-ni,Ploridav 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"Property"),and WHEREAS,theCityandthe Applicant executed a "Development Agreement;'1 recorded on March 30,2007 at Official Records Book 25496 at Pages 52-72;and WHEREAS,the Development Agreement memorialized responsibilities and commitments of tlie City and the Applicant in the development ofa mixed-use project onthe Property;and .WHEREAS,in May,2007 and September,2009 the Applicant received approval of minor modifications tothe development planforthe Property;and 1VHEREAS,these minor plan modifications didnot change the responsibilities and commitments in tlie Development Agreement;and WHEREAS,on November 17,2009,the City adopted Ordinance #29-09-2021 amending the Development Agreement to record the parking requirements forthe continued development ofthe Property,as adopted inthe City's Land Development Code; Folio Numbers:09-4025-026-0010 09-4025-026-0020 09-4025-O26-O030 09*4025-026-0060 Sec/Twp/Rge;25-54-40 MIAMI 2001026.5 7743027649 f\ 3/23/10 — NOW,THEREFORE,the Development Agreement ishereby amended asfollows: 1.Addition to Section L g.The extent of retail,office and restaurant uses shall not exceed,and be limited by,thecapacityofprovidedparking.Thedevelopmentshallcomplywiththe parking requirements inthe Land Development CodeSection 2Q~4.4(B)forall retail,office and restaurant uses; Addition to Section 5, r,Applicant shall provide 3,00]parking spaces [which may be reduced in accordance with Condition #5g?requiring removal of on-street parkingon SW 66 Street],ihrougli a combination of parking garage,a small surface lot,and on-site street parking.* »As of October,2Q09;958total parking spaces remain after reductions set forth inSr above and11 spaces removed for bike racks:891 spaces for residential units; anda total of 67 spaces remain for relail/office/restaurant uses. Amendment to Section 23. FortheApplicant: •Ir-rea-Arkcllftv Esq? j3a^outh-Dixie^tfh^aVc^i44e4iS0 RRC 57(h Avenue,LLC Mr-Jay Jacobson,Director Wood Partners 2600 North Military Trail Suite 100 Boca Raton,Fl 33431 MIAMI 2001026.5 77*3027649 2/8/10 Wjfoin 20 days after the Amendment to Development Agreement hasbeen signed bv boththe Applicant and the City,the Applicant shall cause acopyofthe /mjfffijfotj&nt to Development Agreement tobe recorded atthe Applicants expense intheregistryofdeedsin Miami-Dade CountyandApplicantshall famish a certifiedcopyoftherecorded Amendment toDevelopmentAgreementtothe City.Failureto record orto furnish a certified recordedcopywithin20days nullifiestbe validity ofthe Amendment toDevelopment Agreement, IN WITNESS WHEREOF,these presents have been executed this //day of MIAMI 2001026.5 774*027649 2/8/10 [SIGNATUREPAGESTOFOLLOW] ACKNOWLEDGMENT AND ACCEPTANCE BY CITY OF SOUTH MIAMI KNOW ALL MEN BY THESE PRESENTS that; TheCityof Soutii Miami acknowledges and accepts the foregoing amendment tothe Development Agreement and each and all ofthe terms and provisions contained therein, ,dated and attached hereto. DATED this p&.dayof IW>.,2010. CITY OFSOUCT MIAMI By: Roger ML Carlton ActingCityManager STATE OF TkxicL_) )SS COUNTY OF Nftni-)spfcg ) Tbe foregoing instrument v/as acknowledged before me this jT&day of ffVfLft,2010 by -frpop flatten ..,Ci^Hoyrw^of the City of South Miami^nd attested to by feY^tiH^^City Clerk,of the City of South Miami who are ("j personally known to me or()produced a valid driver's license as identification. Notary Public: Sign Name: Print Name My Commission Expires: M <£%«YC0W<«ssi0Ni0Da«Bfial wo.(None,if blank): 8§jUg EXPIRES:October 5,2011 it rvY^TAmAT '$2^*&x&6Vw Nohty Public UnftiwiercSi^^^^^^io^^oii^.jl [NOTARIAL SEAL) MlAMi 200102(5.5 7743027W IN WITNESS WHEREOF,the undesigned party has agreed to this Development lent dated as of the ^day ofJA^WW 12010,Agreement Witnesses: :££&- PrintName:L.o <>I m 57 »*~+~z./c RRC 57th Avenue,LLC,a Florida limitedliabilitycompany By:Wood %$d Road Colons, ifeM'7 Print Namei^4^^CVf^-Title:Vice President STATE OF FLORIDA COUNTY OF MW**«ABE)^cU^ The foregoing-instrument was acknowledged-before me this •ffi-••day .of.^^^K^ 2009,by Jay S.Jacohson,Vice President of Wood Red Ro^Commons,Managing Partner of KRC51lh Avenue,LLC,aFlorida limited liability companyCJH^She is p^n^ilyJ>own to me or has produced a State of_driver'Slicense as identification, My Commission Expires: MIAMI 20D1026.5 77430^76^9 2/S/10 PrintNRTffiT ^^J[^^\a\\^^c OM^i notaryTOBlic Serial No.(none,ifblank): [NOTARY SEAL] dSOi'jfa Samantha NorUicutt(&'O^OOMUBSaON *PD740333 K$&&f WVW.MftOHNOTAHYcoin EXHIBIT "A" Legal Description Parcel 1: AllofTract 1,of theREVISEDPLATOFFERNWOOD,accordingtothePlatthereof,as recorded inPlatBook35,atPage72,ofthePublic Records ofMiami-Dade County,Florida,less theSouth 475.657 feetoftheWest100 feet,andlessalso tlie East150feet of theSouth330feet, andlessalsotheSouth125feetofthe West 175feetoftheEast325feet,andlessalsotheEast 75feet of the West 175 feet of the South 125 feet of said Tract Parcel 2: The East75feet of the West 175feet of theSouth125feet of Tract 1,of REVISED PLAT OF FERNWOOD,accordingtothePlatthereof,asrecordedinPlatBook 35,atPage72,of the PublicRecords ofMiami-DadeCounty,Florida. Parcel 3: TheNorth 132 feetoftheSE Va of tlie NE Va oftheSE !4 ofSection 25,Township54South, Range40 East,lesstheNorth25 feet oftheNorth132feetoftheSE Va oftheNE lA oftheSE % of Section 25,Township54South,Range 40 East. Parcel 4;*TfM|r' That part of the SE Va of the NE XA of the SB}A ^Section 25,Township 54 South,Range 40 East, described as follows: Begin attheSEcornerofsaidSE Va oftheNE %of Hie SE V<\thencerunWest along theSouth lineofsaidSE Va oftheNE Va oftheSB %foradistanceof 185 feetforaPointofBeginning; thence run North parallel tothe East line ofsaid SE lA oftheNE Va of theSE Va fora distance of 150 feet;thence run West parallel totheSouthlineofsaidSE 14 oftheNE Va oftheSE Va fora distance of 100 feet;thence run parallel totheEastlineofsaidSE Va of theNE %oftheSE V*for a distance of 150 feetto the South line of said SE %of the NE lA of the SE %\thence run East along said South line oftheSE Va ofthe NE Va oftheSE lA fora distance of 100 feet tothe Point of Beginning,lesstheSouth25 feet forpublicroad purposes. Parcel 5; The North 180 feet of the South 330feet of theEast 150 feet of Tract 1,of REVISED PLAT OF FERNWOOD,according tothe Plat thereof,as recorded inPlatBook 35,at Page 72,ofthe PublicRecords of Miami-Dade County,Florida. Parcel 6: A portion of Tract 1,REVISED PLAT OF FER.NWOOD,according to the Plat thereof,as recorded in Plat Book 35,at Page 72,of th^^Hc Records of Miami-Dade County,Florida, more particularly described as follows:":"'"': That part of the Southeast Quarter of the Northeast Quarter of the Southeast Quarter of Section 25,Township 54 South,Range40 East,described as follows: Begin atthe Southeast cornerof said Southeast Quarter of Northeast Quarter of Southeast MIAMI 2001026.5 7743027649 3/9/10 OR BK 27227*P&149S LAST PAC5E1 Quarter;thence run West along the Southlineofsaid Southeast Quarter ofNortheast Quarter of Southeast Quarter for a distance of 285 feet for POINT OF BEGINNING;thence run North parallel toEastlineof said Southeast Quai$ep ofNortheast Quarter of Southeast Quarter 150 feet; thence run West parallel to South line of*'sai^j.Southeast Quarter of Northeast Quarter of Southeast Quarter 75 feet;thence run South jp&allel totheEastlineof said Southeast Quarter of Northeast Quarter of Southeast Quarter 150 feet tothe South lineofsaidSoutheast Quarter of "Northeast Quarterof Southeast Quarter;thence East along said South lineofthe Southeast Quarter ofNortheast Quarter of Southeast Quarter foradistanceof75feettothePOINTOF BEGINNING,LESStheSouth25feetforpublicroad. MIAMI 2001026.5 7743027649 3/9/10 X EE .a GERitfiCATE 0(FOCCTK^CV. 6.BusiS^^lro^l^ixJi?3jfvti&.i fc/tii^ctffa Ig^t.Pg' £k ?<£• mm- ******-^^^^fcj^l NS 4653 (m^QXm OBOCOJPANCy Nft.4f58 -- jLfeHhMt-.-Zm#-'&p^^:ffitor^&&*<&im& M•fipn^f^ St.••^<jF-l^g-I&h&^R 3.^8tw«f-Occcii2m PliumlWBg^BxSi^ "g_ W -4661 0^78 a^m&T&wQcmmmt $.$4©g2 *~ *«bs»-.-^&s (g ^^ir::<g&:**t &^&fo*Lj&?m/- ^j^a^or^xag^ar-^^^jgs^fc^^fcr^y/?:fmrthSZ WMk~-^. Itetfe*^jffeft-.. gate--.,,Mffijjfo ckj€f ewmnc®c&oj?occupies?«£4ft03- ^^t^i^^,,^.MMMr W?4g©5h ##;^feft:l5t *»?*•H-Jfcfr -*WME f&t- 3^%»^r<%DfBn.&$&?W \£a&&&n*i *i*#B68" 3UN&K*£<qeoqpact, !^^;^gfVW-. f ^jsa-atfiy^ ^£&'?¥*&&%M^&**&*• tlaiu, rfijft Htf5ig.p%Mgffi^. :w $tol%>tfovpsfear1$:ffr:#pni«.tte ttewtopwiwi A^msM1st 'tts.d Road ill $.$&#-#404 $rI§*$&fi$w sn EtasiteWTipP8^:*fi*#W "'^site pfert;on fife at fti&Cfff,jft&tdtog sisvatas,eftSi^iftd festufen and r/%Pmj^)ois^«kM«^fe we^TOpa^h\m't^ni^6mt^t^m^%.Jm:ft*avow** taftel&gr;JMv«'jft&fagtatotfaibfyy'tffttieti&ni&d&cte&pni&»Agrwmsnt, EXHIBIT *Dtf v«*K*Uilr^ffV>i e$f)msfetf -square fo$fc&*8 pptfant &aeottop 20,3-7,0%Code;The C4ty IflariBj.0i!ai^wrf .iririor rr^dfcal^s ji tfe site pfe&to,2W7,ptfor & devriopmert -tf $>&Property,rtrf-la.20$8 to aobdmcpsdete the ptetnatrf of o flam f&|7h£Rreij?^^s cfevel^ed fytafyg Phwe;:: o /fem fO KM SfcjM.far *buM&fcg part ^lihlh sk ($marfe <rf e&euSari-of o SM0Sr^kzifi Sftwif e$by)lia^to:Iku^dli5 Joss Qfei>t PtfeDfi^rfitfea Dept^ 08 ^^i^.teertfer 14ft $&ft ffjamtoa^titfabSieadSL SW ea and $W'$i ^p^^.^te^-.^fit SQ^i^;.l«&tirt RwJ {&$£'Odfitrnw ^rid Alt vflmfa)V>W#Q#<&&W?*¥t w&W&*$M par.®m<m&pam$.dealings 'and inspMWfty ttfe City of §6iith tai^nri, ©Kjf&M P^^-ft-ftaf^WSt ^$§®,®W K&S$#the ®jy c#SSyi Q#$*!#J FOOT plefts*j>aiWr^4ty$*#ta*'fr&ft.FPOT ami-^^i|.|»iH^:(0!i^pfe>i Pii&lla Yfojfo &{&,ofc-fow'orafew-ft\8GG8« o Iterti P £oomptoce r#pori;v^U fee $u&mftted :to tte UMm CJte ftiqeger to 4 ra#e$:Na^apd^WlJs^ii'ssi#^jr$& 4 Wo/S f^^^c^jtom reptfM &-s'W«iiW6.t!&interim fi#Wander-In o tiffifaj'#m&&$tt a c#y $1 <M F0EP sg&ns?permit Mth te&6r<&ol !«$&$&& o Jtem (6 J K&O has-secumd eft bulldog .tiitotne*,etevMoi*and gates wj&FOB hatfafeo §&#*i$#ri $e?lpi%fiRQ:Sfti$m&Wlfe lf&CSty,ol-$oaili Mtemi Folic* mm- mum sv&eesG ba£#a ernes &a^uoo Uf &r.tho(3^B^B8^ine P&2*$ «n$v&ftfete*^h^ltf^(Baa atfepfed &$*eaMs?3i and c^mmu#JB8S?ti),Mlta«&.$&i$fc cnsi *M 8Mb ®mfy ft# OBpiailftfeJS &$iittpiii £m#&#fttt A&o$&J$#stt5^g.l§|M mm to tf$fri tttf Su|T»Slax R$#a fc&spsn&fr &5$e&i$boxes fcsB #8r*&of *mtrv io to WfeS^j*€$!i*£t^g$W:#$l?f"p&i ati^#i"rtiH 6Kgtop$*Th# from ifa$Bj?feupk AtfMtg Mtf;to pa#im ^}te sWsem -ahtf M m^W^m^M^^I^M^ob^p^i^wftjifi '-are ift^i&jBsqi^ffi w$ '^^Wr^e^i^/ joltefeni .^^'^V^^B^^i<L,3S^s^c0^^fog*lwrtri ^JSsSS'£$$Mfe ^rK* ^fta lafef ^nr»53af5f W fetor Wf£$ift pa*$t$fe i^llpef a?#mfjH^& teftamtfl>vS1*fffitriy KftHt&iiQi.fimnsrflarrf has teattteiamtfa.#iQl(ii^^If'fe? offer??/te|f%fttea titofe-tattfe fern ^n$fa^d to ?ioc^^v<jd'ste fid^^tts a /fem (01^>fCO?'ftMetoane*&txd v^r«recited:h MW from £i*v$Ptonw &A^fe^^as fa#t&j[ta fes 0$&,Pufefe Works DisipV oa NsWftgibB^W*f 20&<TJfiBp6!i^ sittm aukib&ro &a£#a #moe e Axeiftoo up ofom jftej Relal esfeyishTtierif p&tim to b*3A ^pprevstf a*shown ©n 1*&rroB plan sbI sfc&qf EtA3$1 revision 14.tlbe fHfoc$&f rwrnber eT&psc&s will $& astofiifetoti^^fyL&ram&r C^wrftes*Lie, o fefr f?i}ttm.Pm$>cm iha tlpiith £&*te&fc&Ba c^nstarcjetf ha*p$r (hs &gp«i wfisi^Steffi^ 10 Uemfytf Cftvl!«F^Q^;CS,if|^2^etfaifei'Itema H&e8 of$taking &>nss ottsti^tetti Hdpi bii8|M||^N^<%Steffi MtoPem&f te#$&: x>iim{rj thm are^nowi^B pa$1ftg.fcgss&tserving t&dff^^jft&ni tfcfetotal plan '^PiflftWl&R ajpta&i 4kkj;»rttamitori t^mM *&$<£$by the 5% o^srai»J.'&rt«r fcom Osvld }%mmer.&"-/fesDsfstes was isiu&d to jd&&OSivo, FiiWi ^s/arfe Bpg&*m $?yefffer 18*t 8&0&ffr^vfimftLal ^2*^mj&r torn m bp of W bari^B«^e kfeo^rsl fevefepmert M^'^i$A& oltem |&}Qa &$«&-2£,.2$&a 4MS^Pt'v»a^.aKeaU&A befttoqi $?&sfe£ &er^toW^;|if«f OiiJ&ft PrtBti-$.mm•$SuW for 3 to$*jf 1C9 peeing spscsl «nd"f jbp '^landing,to a lots!sf W stasis te ac^jwft9#^a<Nlifemi &Schwtet the stt.cted $H#03 pravnneni wa«made f0 tte.$<?hod 6qsM In SSHff, yi Vtm 0/»A ftliy-of TUB for»Ptop&ftj'wtt 'fc&MSffl to a©7.A cop/te M>Hf *!ft|Af$ffrSAENA Nl.Cfl *AK?m<?P tt? f t »» j^t|r^^%$to- If* for your wgpmttft,ify&M toe sty qw&Bwfa,pfeac*0&me 6 «& *?«feiry ^'^K^BBpr- »■♦<»#n»t-vWi><*4 «rwc «HmH.*«l#|£*•»>:«„ «*'*•,»~V« *®W|ftSUMtt WWW* 8&ZJ&SimSE-Rfc BA£*t*PBitve (*XeM#9=U'F F*g*1ttf jiimiwa jifi4iim wn—•,i TTT^Mp?iiii .mil u i•••.iin>,^mw^''',d ''• f^el^f'l >Pfff EXHIBIT "En OBilzin Sumberg Jerry B.Proctor,Esq. Tel 305.350.2361 Fax 305.351.2250 jproctor@bilzin.com January 24,2017 Via Hand Delivery Mr.Steven Alexander City Manager City of South Miami 6130 Sunset Drive South Miami,FL 33143 Re:"Red Road Commons" Property:6600 SW 57 Avenue,South Miami,FL HousingReport (Amended LetterofIntent) Dear Mr.Alexander: Our firm represents the owners andoperatorsofthe "Red Road Commons"mixed use development at6600 SW 57 Avenue (the "Property")intheCityofSouth Miami. Pursuant tothe Development Agreement between the City ofSouth Miami andRRC 57th Avenue,LLC,acopyofwhichisenclosed,a minimum oftenpercent(10%)ofthe residential unitsontheProperty will rentto individuals or families intheModerateIncome Segment ofthe Affordable Housing Group.This requirement is contained in paragraph 2fon page 3ofthe Development Agreement.1 DeterminationoftheModerateIncome Segment is made annuallythroughtheprovisionof theArea Median Income from Miami-Dade CountybytheUnitedStatesDepartmentof Housing andUrban Development.The areamedianincomeforMiami-Dade County is $48,100,as determined byU.S.HousingandUrban Development inFiscal Year 2016.Moderate income is definedas those earning between 80%to 120%oftheannualmedianincome.Accordingly,the currentincomelevelperunittocomplywiththe 10%requirement is between $38,480 per-year and$57,720peryear. Enclosed please findalistoftheunitswherethe residents complywiththeModerate Income Segment and,therefore,qualify the units as such pursuant to the Development VI have also attached an "Amendment to Development Agreement,"recorded on March 25,2010,that did not amendthehousingcomponent of theDevelopmentAgreement. MIAMI 5271225.2 77430/27649 EXHIBIT T1 BilzinSumbergBaenaPrice&AxelrodLLP|1450BrickellAvenue,23rd Floor,Miami,Florida33131-3456 Tel305.374.7580|Fax 305.374.7593 |bilzin.com ZZSSttZ*OBilzin Sumberg January 24,2017 Page 2 Agreement.AsofDecember31,2016,356 units in "RedRoad Commons"wererented out; accordingly,the attached list of units andincomes complies with the 10%requirement. I trust this submittal complies with the annual housing requirement in the Development Agreement.Pleasegivemea call ifyouhaveanyquestions. Sincerely, JBP:id cc:Maria Menendez,CityClerk,City ofSouth Miami (w/encl.) JaneTompkins,AICP,Planning andZoning Director,CityofSouth Miami (w/encl.) Thomas Pepe,Esq.,CityAttorney,CityofSouth Miami (w/encl.) ChadHaas,Pinnacle-RegionalPropertyManager(w/encl.) Ernesto Echevarria,RedRoad Commons -Property Manager(w/encl,) MIAMI 5271225.2 77430/27649 2016 Metro Dade AMI as set byHUD 48100 Moderate Income Definition as set by HUD 80%to 120%of AM) or $38,480 to $57,720 Total number of Apartments leased as of December 31, 2016 356 Unitsin compliance per Development Agreement 37 Red Road Commons Affordable Housing Compliance Report forYear ending December 31,2016 Apartment Unit Type Initial Certification Date Lease Expiration Date Annual Lease Holder Income -Should not exceed $57,720 Income as percentage of 2016 HUD AMI for Miami Dade County -set at $48,100 by HUDinJuly 2016-Should not exceed 120% In Compliance of AMI based on the 80%to 120%of Moderate Income as defined byHUD Y/N Actual Lease Rate 1 A-101 2/2 8/14/2016 7/31/2017 $47,552.00 96.00%Y $2,075.00 2 A-103 2/2 8/17/2016 7/31/2017 $42,720.00 84%Y $2,205.00 3 A-105 2/2 10/20/2016 10/19/2017 $48,552.00 91.00%Y $2,189.00 4 A-106 2/2 9/24/2016 5/23/2017 $49,520.00 100.00%Y $1,885.00 5 A-206 2/2 10/3/2106 7/31/2017 $42,000.00 83.00%Y $1,756.00 6 A-207 2/2 10/12/2016 7/31/2017 $42,000.00 83.00%Y $1,794.00 7 A-302 1/1 5/25/2016 6/24/2017 $45,724.00 95.00%Y $1,675.00 8 A-311 1/1 8/24/2016 7/31/2017 $45,348.00 95.00%Y $1,658.00 9 A-409 1/1 11/12/2016 11/11/2017 $49,200.00 100.00%Y $1,825.00 10 B-106 1/1 10/5/2016 7/31/2017 $40,000.00 81.00%Y $2,206.00 11 B-110 2/2 7/28/2016 7/31/2017 $45,310.00 95.00%Y $2,128.00 12 B-118 2/2 8/15/2016 7/31/2017 $44,800.00 94.00%Y $2,095.00 13 B-209 2/2 9/8/2016 5/31/2017 $46,000.00 96.00%Y $1,938.00 14 8-212 2/2 9/26/2016 7/31/2017 $49,433.00 100.00%Y $2,206.00 15 B-217 VI 8/26/2016 7/25/2017 $46,932.00 96.00%Y $1,640.00 16 B-219 2/2 8/3/2016 7/31/2017 $50,400.00 101.00%Y $2,064.00 17 B-514 2/2 8/20/2016 7/31/2017 $44,350.00 85.00%Y $2,717.00 18 B-525 2/2 9/1/2016 7/31/2017 $42,000.00 83.00%Y $1,688.00 19 C-109 1/1 8/16/2016 7/15/2017 $47,004.00 97.00%Y $1,601.00 20 C-202 2/2 8/28/2016 7/27/2017 $52,976.00 116.00%Y $1,933.00 21 C-209 1/1 7/6/2016 7/5/2017 $42,852-00 83.00%Y $2,198.00 22 C-302 2/2 9/1/2016 7/31/2017 $45,333.00 95.00%Y $1,999.00 23 C-304 1/1 7/20/2016 7/33/2017 $40,368.00 81.00%Y $1,389.00 24 C-306 1/1 8/1S/2016 7/31/2017 $42,800.00 83.00%Y $1,682.00 25 C-309 1/1 7/16/2016 7/15/2017 $41,220.00 82.00%Y $1,862.00 27 C-509 1/1 8/14/2016 7/21/2017 $39,720.00 80.00%Y $1,768.00 30 D-301 2/2 8/20/2016 7/31/2017 $41,332.00 82.00%Y $2,057.00 31 D-303 2/2 10/10/2016 10/9/2017 $42,000.00 83.00%Y $1,717.00 32 E-104 2/2 9/21/2016 7/31/2017 $48,202.00 91.00%Y $1,741.00 33 E-212 2/2 12/1/2016 11/30/2017 $46,152.00 96.00%Y $1,785.00 34 E-232 1/1 8/31/2016 -7/31/2017 $45,000.00 85.00%Y $1,632.00 35 E-307 1/1 10/1/2016 5/31/2017 $43,200.00 84.00%Y $1,539.00 36 E-324 2/2 8/20/2016 7/19/2017 $47,120.00 97.00%Y $2,356.00 37 £-330 2/2 7/1/2016 6/30/2017 $44,350.00 85.00%Y $2,189.00 38 E-427 2/2 12/1/2016 11/30/2017 $45,328.00 95.00%Y $1,878.00 39 E-428 1/1 8/6/2016 8/5/2017 $44,350.00 85.00%Y $1,655.00 40 F-103 1/1 7/27/2016 7/31/2017 $39,340.00 80.00%Y $1,610.00 41 42 43 44 * 45 General Notes: HUD Definition: ♦Peoplewith Incomes between80and120 percent ofthe AMI are moderate income." ♦State ofthe Housing Counseling Industry,US Department of Housing andUrban Development Office of Policy Development and Research,2008 Report (September 2008) ♦http://www.huduser.org/PubHcations/PDF/hsg_.counseLpdf Development Agreement 2:f-Housing-A requirement often percent (10%)ofthe units wfll rentto individuals of families inthe moderate income segment ofthe affordable housing group.Ifthe residential units convert to condominiums,tei theunitswill be sold to individuals of families inthemoderatesegmentofthe affordable housinggroup.In analyzing compliance withthis paragraph,the City shall allow minordeviations resulting fromshorttermv shall be based onArea Median Income (AMI)asdefined bythe U.S.Department of Housing and Urban Development.Proof of compliance with thisrequirement onthe annual basis shall be provided inwriting onor ofthe followingyearto the CityManager. Miami-Dade County Public Housing and Community Development Income Limits Following arethe income limits by family sizeand admission Income targeting requirements forthe Public Housing,Section 8,and Moderate Rehabilitation programs: Income Limits effective 03/28/2016 1 FamilySize I Extremely Low Very Low !Low ! |((30%ofMedian)I (50%ofMedian); !!!I (80%ofMedian) 1 !$14,960 !$24,860 i »i • $39,800 |2j $17,050 .j $28,400 I i :« $45,450 !3j $20,160 I $31,950 j i„_i_„....i.I $51,150 J i 4 S $24,300 |$35,500 | I ••! $56,800 | 5 $28,440 !$38,350 I $61,350 6 \$32,580 !$41,200 I !!I $65,900 ; i i 7 ;$36,730 \$44,050 j $70,450 8j $40,890 i $46,900 j ;'•i $75,000 i >.....„>i ......-.,.1 _....__.A.. The area medianincomeforMiami-DadeCountyis:$48,100. Income target UnitedStates Department ofHousingandUrban Development (USHUD)federal regulationsrequireacertainpercentageofnew admissions during aoneyearperiodbeatthe extremely iow-lncome level,very low-Income,and low-income levels.These percentages varyby housing program as indicated below. Public housing •Atleast40%ofnewadmissionsmustbeextremely low-income (equaltoorbelow30%ofthe area medianincome) •Theremaining60%ofnew admissions canbeuptothelow-incomelevel(upto80%ofthe area median Income) Section 8 new construction •At least 40%ofnew admissions mustbeextremelylow-income(equaltoorbelow30%ofthe area medianIncome) •Theremaining60%ofnew admissions canbelow-incomeorverylow-incomelevel depending ontheHAPcontractdate(up to80%ofthe area median Income) Section 8 Housing Choice Voucher (HCV) •At least 75%ofnew admissions mustbe extremely low-income (equal toor below 30%ofthe area median income) •The remaining 25%ofnew admissions canbeuptoihevery low-income level(upto 50%ofthe area median income) Section 8 project-based vouchers •At least 75%ofnew admissions mustbeextremelylow-income(equaltoorbelow30%ofthe area medianincome) *•The remaining 25%ofnew admissions can be up to the very low-income level (up to 50%ofthe area median income) Moderate rehabilitation •Newadmissionsmustbeverylow-income(equaltoorbelow 60%oftheareamedianincome) Page Last Edited;Thu Jun 30,2016 3:02:64 PM MIANU •Search -TaxSys -Miami-Dade CountyTaxCollector miamidade.GOV^ Currentyeartaxes (2016)maybepaid online,mail,orinperson.Ifpayingonline,e-check witharegularchecking account orcreditcard(Visa,Discover,orMastercard)are acceptable.Creditcard payments willbe assessed a conveniencefeeintheamountof2.31%.Ifpayingthroughthemail,acceptableformsofpaymentare:Personal Check,MoneyOrder,Cashier's Check,or Certified Funds.Ifpayinginperson,acceptableformsofpaymentare: Cash,Personal Check,Money Order,Cashier's Check,orCertifiedFunds. Delinquent taxes (2015 andprior)mustbe paid by Cashier's Check,CertifiedFunds,orMoneyOrder.IfpayingIn person,cash is acceptable. Theinformationcontainedherein does notconstituteatitlesearchorpropertyownership.AmountdueMaybe subject to change withoutnotice. TaxSys*Search 0940250260010 Property tax Business tax •Property tax AND Business tax Advanced search Latest account information: SCG ATLAS RED ROAD COMMONS LLC—Real Estate at 6600 SW 57 AVE.33143-3618 Owner address 2016 Annual bill SCG ATLAS RED ROAD COMMONS LLC PAID 2016-11-28 $1,222,134.13 100 PINE ST 3000 Receipt #FPPU03-17-003474 SAN FRANCISCO.CA 94111 Account number 09-4025-026-0010 Parcel details -Fullbill history -Property Appraiser ©1997-2017,Grant street Group.All rights reserved.Help-Contact us-Terms of service -Tax Collector home EXHIBIT "G" Page 1 of2 Search https://miamidade.county-taxes.com/public/search?search_query=0940250260010&catego...2/22/2017 61BD3uiiMlBriv^ JffigClflg,^^ ^-**#*wg«^^_...... i&iipfi^ ifcajruw* vl$W&H&ai isj?fe&e&to Hw»biX $feh&gf Pastor S3rstUdMUBOuM^^ Occ JA^or Stan*Q.¥cfiivC$jr ^o^^snd EXHIBIT "H' 7 I * ftffP ROftP POjJWDiffS?- Red fe^liq^Wdra^te RmTRoBd ^ili4Y*nfe AvsniiSi &B^ltefIrBel during*pacfetfjign tsa^s^elKtM^esa 3*Setter petfesfriisi ^gnfite ttftft wiB^^m^^feT^,; 4,*tf^j*$e#^ J ri«MtM*Ww«LW>UtYMV«-<«:» Sr AdidBBbnaf odrbtegfMiS&w^Kares on e&st sicfe of.Rfctt Rtmd BtUveipfli worm* #o«te-tf*l^Safest * $e^MrM.^%N@f PMItW^^ftk MMfiMt4^tichtMl {tori &iufo.Mtawi T^Kycw fcryotf c«>p#sto, Jff^ySvjN^or EXHIBIT "I1 *. ^ODfceSMD**i£t3felQGtt3f'25B.86O&b59e(fi09M$s This ln#im$£frip&a byi .^&(HitH-^i^^:tot^firdi Suite &50£ Folio fite05«^42^08® l8p>^«trV#%Ct?rk itCo'BrtJT im•&$$<%$&Mi etti^i*^«t cft^pteti tgsi &&&&$$' p*fm f&$b£e§rs&(KW thfe Q^itfefti ^trTotfeg-a8B ItMafen sfcsfl bs d&ernsrf #09«snBit(TOflWg with i^ye Jaotf and tmy i>9 fstjdnfe&fct G«m&&^xpen^,fn- tlie Pub%•!&£<#&of MfemWaie CmJGnte tfodikt rod.shall remain tn full iow and acid e&sijpi >iitf i^^frii^^pis^olfi^ess d«|||^uSftj tfe#*»tM sSfria p«jr-pg[ tpfeattfTfei wrlfc&effsr apprgv$fry f^lmten pesuB>$:^rwj stfppfei:&#tfe.CSy Oommfesfen,affe pvbite tie^rtng,$ftd exscufetl fcy (htf OH?tftosger and Clfy Ctefo EXHIBIT "J- *«.^* ;Upan#^&Bs^s!5 effife &&$$&&m$for rffl&Bfiwfc %5&i#QT. S^dii *te$red>«$&&£M&^i^nowledged on MgyR^fey of •WWlt3*SSS WHEREOF,RP^"6f*'fe»riw,UO h»ea&i|BCL foi*s presente & WMswiet —r 4 fQT #$8 (^pcrsfev H#strife *ftffiWM^^ *E&$ihe&6 pudEbarms i ^Q -•v.'t 2W,by Jbtetft T.Hatol!«a fifetfft VJce Ff^WeM fat ^Sflife^jgpd ffv^^f of Vof^ortrlty »f $m\.ft Morida na|fe p*fc§t c^araiim,the j art ffe$w»j£$i khttWv to.W -fit £.f*j twfi*pfbiiSe^.*»kfentlflcsaikm,Jj «*