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HomeMy Public PortalAbout22-058 - Release and Termination of Covenant for 2171 Lincoln AveSponsored by: Interim City Manager RESOLUTION NO. 22-058 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA, AUTHORIZING THE INTERIM CITY MANAGER TO EXECUTE A RELEASE AND TERMINATION OF COVENANT, AS FORTH IN EXHIBIT "A" HERETO, TO ALLOW FOR PROPERTY KNOWN AND LOCATED AT 2171 LINCOLN AVENUE, OPA-LOCKA, FLORIDA TO REVERT OWNERSHIP BACK TO MIAMI-DADE COUNTY AND TO FURTHER AUTHORIZE THE INTERIM CITY MANAGER TO TAKE ALL OTHER NECESSARY ACTIONS TO EFFECTUATE THE INTENT OF THIS RESOLUTION; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on September 7, 2001, Miami -Dade County ("County") conveyed property known and located at 2171 Lincoln Avenue, Opa-Locka FL and more specifically described in Exhibit "A" to be deeded to City of Opa-Locka ("City") for the development of affordable housing with Miami -Dade County having the right to take possession of the property if development failed to occur; and WHEREAS, on April 18, 2013, the City, with County approval, conveyed 2171 Lincoln Avenue to Magnolia North 2145 Apartments, LLC with the provision that this property would be developed within three years as a portion of an apartment complex, with the remainder of the development occurring on adjacent property already owned by Magnolia North 2145 Apartments, LLC.; and WHEREAS, the required development never occurred and the County has chosen to exercise its right to reclaim possession of the property known as 2171 Lincoln Avenue, within the City; and WHEREAS, the City Commission finds that it is in the best interest of the City and its residents to execute a Release and Termination of Covenant, attached hereto as Exhibit "A", to allow for the reversion of 2171 Lincoln Avenue, within the City, back to the County. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA: Section 1. RECITALS ADOPTED. The recitals to the preamble herein are incorporated by reference. Resolution No. 22-058 Section 2. AUTHORIZATION The City Commission of the City of Opa-Locka hereby authorizes the Interim City Manager to execute a Release and Termination of Covenant, attached hereto as Exhibit "A", to allow for the reversion of the property set forth in Exhibit "A" and known as the 2171 Lincoln Avenue, Opa-Locka FL, within the City, to revert back to Miami -Dade County. The City Commission further authorizes the Interim City Manager to take all other necessary actions to effectuate the intent of this resolution. Section 3. SCRIVENER'S ERRORS Sections of this Resolution may be renumbered or re -lettered and corrections of typographical errors which do not affect the intent may be authorized by the City Manager following review by the City Attorney and without need of public hearing, by filing a corrected copy of same with the City. SECTION 4. EFFECTIVE DATE This Resolution shall take effect upon the adoption and is subject to the approval of the Governor or Governor's Designee. PASSED and ADOPTED this 14th day of November, 2022. ATTEST: anna Flores, City Clerk APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Burnildette Norris -Weeks, P.A. City Attorney Veronica Williams, NTayor 2 Resolution No. 22-058 Moved by: Commissioner Bass Seconded by: Commissioner Davis VOTE: 4-0 Commissioner Bass YES Commissioner Davis YES Commissioner Dominguez YES Vice -Mayor Taylor ABSENT Mayor Williams YES 3 City of Opa-locka Agenda Cover Memo Department Manager: Bob Anathan Department Manager Signature: e?.- kAs_sz.s............ Other City Manager: Darvin Williams CM Signature: Ordinance Commission Meeting Date: 11/09/2022 Item Type: (EnterX in box) Resolution X Fiscal Impact: (EnterXinbox) Yes No Ordinance Reading. (EnterXinbox) 1st Reading 2nd Reading X Public Hearing: (Enter Xin box) Yes No Yes No X X Funding Source: Account# : (Enter Fund & Dept.) Ex: Advertising Requirement: (EnterXinbox) Yes No X Contract/P.O. Required: (EnterXinbox) Yes No RFP/RFQ/Bid#: N/A X Strategic Plan Related (Enter Xin box) Yes No Strategic Plan Priority Enhance Organizational Bus. & Economic Dev Public Safety Quality of Education Qual. of Life & City Image Communication Area: m Strategic Plan Obj./Strategy: (list the specific objective/strategy this item will address) X m • • • II Sponsor Name Management City Manager Department: Capital Improvements Program Short Title: Release and Termination of Covenant For 2171 Lincoln Avenue, Opa-locka, Florida Staff Summary: Issue / Recommendation: In 2013, the City conveyed City -owned property previously owned by the County , 2171 Lincoln Avenue, to Magnolia North 2145 Apartments LLC with a development agreement that the property would be developed within three years or revert to the County, with the required development subsequently not occurring. Staff recommends the City Commission approve legislation to release and terminate the covenant to cause ownership of 2171 Lincoln Avenue to revert back to the County. History - On September 7, 2001 the County conveyed 2171 Lincoln Avenue to the City with provision that the property be developed with one or more affordable homes, and that the County had the right to take possession of the property if this development failed to occur. On April 18, 2013, the City, with County approval, conveyed 2171 Lincoln Avenue to Magnolia North 2145 Apartments, LLC with the provision that this property be developed within three years as a portion of an apartment complex, with the remainder of the development occurring on adjacent property already owned by Magnolia North 2145 Apartments, LLC. Current Activity - The required development never occurred and the County has chosen to exercise its right to reclaim possession of 2171 Lincoln Avenue. Financial Impact - There is no immediate financial impact. This property is within the CRA area. When it is subsequently developed, the benefit of the improved tax base will accrue to the CRA while the City will receive additional income from water, sewer, stormwater and other City services. Proposed Action Staff recommends the City Commission approve legislation to release and terminate the relevant covenant to cause ownership of 2171 Lincoln Avenue to revert to the County. Attachment: 1. Release and Termination of Covenant 2. Deed of September 7, 2001 Conveying 2171 Lincoln Avenue to the City 3. Quit Claim Deed of April 18, 2013 Conveying 2171 Lincoln Avenue to Magnolia North 2145 Apartments, LLC 4. Development Agreement For 2171 Lincoln Avenue Between the City and Magnolia North 2145 Apartments, LLC This instrument prepared by / return to: John G. Sanchez National Title and Abstract Company 711 NW 23rd Avenue Miami, FL 33125 Space above this Line Reserved for Recording Data RELEASE AND TERMINATION OF COVENANT THIS RELEASE AND TERMINATION OF COVENANT ("Release") is made and effective as of , 2022, by and between the MIAMI-DADE COUNTY, FLORIDA ("COUNTY"), a political subdivision of the State of Florida, CITY OF OPA-LOCKA, a municipal corporation of the State of Florida ("OPA-LOCKA"); and MAGNOLIA NORTH 2145 APARTMENTS LLC, a Florida limited liability company ("MAGNOLIA"). WITNESSETH WHEREAS the MAGNOLIA holds fee simple title to that certain "Real Property" located and situate in Miami -Dade County, Florida, more fully described as follows: Lots 14, 15 and 16, Block 3 of MAGNOLIA SUBDIVISION, according to the Plat thereof as recorded in Plat Book 40, Page 80, of the Public Records of MIAMI-DADE County, Florida; and Also known as: Parcel 2 - PA: 2171 Lincoln Avenue, Opa-Locka, Florida 33054 WHEREAS the COUNTY and OPA LOCKA are collectively the subsequent "Covenant Owners" as referenced in certain "Subject a Covenant(s) Running with the Land and setting forth the right of re-entry" ("Covenant'), reflected on County Deed dated the 7th day of September 2001; and recorded among the Public Records of Miami -Dade County, Florida under Official Records Book 21103, Page 4499 ("County Deed"). WHEREAS said 4499 -County Deed also gives OPA-LOCKA (as Developer) an option to use of open space on said Real Property, reflected on County Deed dated the 7th day of September 2001; and recorded among the Public Records of Miami -Dade County, Florida under Official Records Book 21103, Page 4499 ("County Deed"). WHEREAS in accordance with the Quit Claim Deed dated April 18, 2013; and recorded among the Public Records of Miami -Dade County, Florida under Official Records Book 28681, Page 4713 ("Quit Claim Deed"), OPA-LOCKA does hereby acknowledge full satisfaction to and releases MAGNOLIA of any and all deed restrictions listed in said Quit Claim Deed; furthermore, the COUNTY shall have the right to re-enter, take possession and be revested title to the Real Property reflected in said Quit Claim Deed. WHEREAS the Development Agreement by and between MAGNOLIA and OPA-LOCKA dated the 18th day of April 2013; and recorded among the Public Records of Miami -Dade County, Florida under Official Records Book 28604, Page 4581 ("Development Agreement"), is hereby terminated and of no further force and effect. Page 1 of 1 NOW THEREFORE, in consideration of the mutual promises and covenants contained herein, for Ten and 00/100 Dollars ($10.00) and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the COUNTY, MAGNOLIA and OPA LOCKA, through their respective authorized officers hereby agree as follows: 1. RECITALS. Covenant Holder(s), agree that the foregoing recitals are true and correct and are incorporated herein as if fully stated. 2. RELEASE AND CONSENT TO TERMINATION. Covenant Holders do hereby release to the COUNTY collectively, jointly, and severally, as current Owner of the Real Property, all the right, title, interest, claim and demand which the Covenant Holder has or may have in and to terms, provisions, rights and obligations conveyed by the Covenant, and Covenant Holder hereby agrees to and joins in termination of the Covenant. 3. CANCELLATION OF THE COVENANT. Both MAGNOLIA and OPA-LOCKA, collectively as current Covenant Owner(s) do hereby jointly and severally cancel, terminate, and release the Covenant, and the Covenant shall have no further force or effect as of the date hereof. IN WITNESS WHEREOF MIAMI-DADE COUNTY, FLORIDA ("COUNTY") and CITY OF OPA-LOCKA, a political subdivision of the State of Florida ("OPA-LOCKA"); MAGNOLIA NORTH 2145 APARTMENTS LLC, a Florida limited liability company ("MAGNOLIA") have executed or caused this RELEASE AND TERMINATION OF ALL COVENANT(S) to be executed as of the day and year first above written. [SIGNATURE PAGES APPEAR ON FOLLOWING THREE PAGES THIS SPACE INTENTIONALLY LEFT BLANK] RELEASE AND TERMINATION OF COVENANT CITY OF OPA-LOCKA, a municipal corporation of the State of Florida By: Darvin Williams, Manager City of Opa Locka Dated: ATTEST: By: [SIGNATURE PAGE 1 of 3 APPEAR ON FOLLOWING PAGE THIS SPACE INTENTIONALLY LEFT BLANK] RELEASE AND TERMINATION OF COVENANT MIAMI-DADE COUNTY, a political subdivision of the State of Florida By: Name: Morris Copeland Title: Chief Community Services Officer Date: ATTEST: HARVEY RUVIN, CLERK OF SAID BOARD By: Deputy Clerk Approved by County Attorney as to form and legal sufficiency Terrence A. Smith Assistant County Attorney [SIGNATURE PAGE 2 of 3 APPEAR ON FOLLOWING PAGE THIS SPACE INTENTIONALLY LEFT BLANK] RELEASE AND TERMINATION OF COVENANT MAGNOLIA NORTH 2145 APARTMENTS LLC, a Florida limited liability company By: Opa-Locka Community Development Corporation, Inc., a Florida non-profit corporation, its manager By: Willie Logan, President Date: Witness: (print name) Witness: (print name) STATE OF FLORIDA } : ss COUNTY OF MIAMI-DADE } The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this day of ,_2022, by , as of MAGNOLIA NORTH 2145 APARTMENTS LLC, a Florida limited liability company. He/She is personally known to me or has produced as identification. Print Name: Notary Public, State of Florida [Affix Notary Seal] My Commission Expires on: [SIGNATURE PAGE 3 of 3 APPEARS ON THIS PAGE ONLY THIS SPACE INTENTIONALLY LEFT BLANK] 11/1/22, 11:29 AM PDF.js viewer 03R 18 1 143 2003 MAR 17 15:42 COUNTY DEED THIS DEED, made this 7 day of September, 2001, by Miami -Dade County, Florida, a political subdivision of the State of Florida, called: County" and the City of Opa-Locka, a political subdivision of the State of Florida, hereinafter called "Developer." WITNESS: That the County for and in consideration of the sum of TEN Dollars ($10.00), to it in hand paid by the Developer, receipt of which is hereby acknowledged has granted, bargained and sold to the Developer, its heirs and its assigns, subject to the right of re-entry set forward below, the land lying and being in Miami -Dade County, Florida: See Exhibit "A" Legal Description Attached Hereto This Deed conveys only the interests of Miami -Dade County and its Board of County Commissioners in the property described herein, and shall not warrant title thereto: I. This Conveyance is made subject to the flowing covenants running with the Land, and setting forth the right of re-entry, to wit; A. Developer will commence work on the Project Improvements (the "Improvements") consisting of one (1), possibly two (2) affordable single- family homes not later than October 1, 2003, and shall complete the Improvements by April 1, 2005, one of the three (3) lots (Folio #08-2122- 003-0170 may be used for open space, at the option of the City of Opa- Locka. https://onlineservices.rniami-dadeclerk.c,om/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYADfelikplta%2fJwum9frLHS1pWJUhdfs329QbC... 1/11 11/1/22, 11:29 AM PDF.js viewer ftiQ.s. Fi 103PG4500 B. Promptly after completion of the Improvements in accordance with approved plans and provisions of this Instrument, the County shall furnish the Developer a certificate that it has met its obligations hereunder. Such certification shall be in a form recordable in the Office of the Clerk of the Circuit Court of Miami -Dade County, Florida. C. The Developer agrees for itself, its successors and assigns, to or of the Property or any part hereof, that the Developer and such successors or Assigns shall: Not discriminate upon the basis of race, color, religion, sex or national original in the sale, lease or rental or in the use of occupancy of the property or any Improvements erected or to be erected hereon or on any part thereof; and this covenant shall be binding to the fullest extent permitted by law and equity, for the benefit and in favor of, and enforceable by the County, its successors and assigns, and any successor in interest to the property, or any part thereof. The County shall have the right in the event of any breach of any such covenants. to exercise all the rights and remedies; and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach of covenant, to which it or any other beneficiaries of such covenant may be entitled. I https://onlineservices.miami-dadeclerk.com/offiaalrecords/CFNDetailsPDF.aspx?QS=5p8%2fNINKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 2/11 11/1/22, 11:29 AAA PDF.js viewer • IMMO. 2! 103PGI50 I D. The Developer (or Successor in Interest), shall pay the real estate taxes or assessments on the property or any part thereof when due. Developer shall not suffer any levy or attachment to be made, or any material or mechanic's lien, or any unauthorized encumbrance or hen to attach, except: a) Any mortgage(s) in favor of any institutional lender for the purpose of financing any hard costs or sofi costs relating to the construction of the improvements in an amounts) not to exceed the value of the Improvements as determined by an appraiser; and b) Any mortgage(s) in favor of any institutional lender refinancing any mortgage of the character described in clause (a) hereof; in an amount(s) not to exceed the value of the Improvements as determined by an appraiser. c) The recordation, together with any mortgage purporting to meet the requirements of clauses (2) or (b) above, ofa statement of value by a Member of American Institute of Real Estate Appraisers ("MAI"), (or member of any similar or successor Organization), stating the value of the Improvements is equal to Or greater than the amount of such mortgage(s), shall constitute Conclusive evidence that such mortgage meets such requirements, And that the right of any re-entry hereunder shall be subject to And limited by, and shall not defeat, render invalid, or limit in any Way, the lien of such mortgage. For purposes of this paragraph an hops://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8MINIBjKYADfeUkplte/Daiwum9frLHSIpWJUhdfs329QbC... 3/11 11/1/22, 11:29 AM PDF.js viewer 21103PG4502 "institutional lender" shall mean any bank, savings and loan association, insurance company, foundation or charitable entity, real estate or mortgage investment trust, pension funds, the Federal National Mortgage Association, agency of the United States Government or other governmental agency. in any event, The terms "institutional Lender" shall be deemed to include Miami -Dade County and their respective successors and assigns. E. Developer shall not transfer the property or any part thereof, without consent of the County and shall no change the ownership or distribution of the stock of the Developer or with respect to the identity of the parties in control of the Developer or the degree thereof. In the event the Developer shall violate or otherwise fail to comply with any of the covenants set forth herein, the Developer shall correct or cure the default/violation within thirty (30) days of notification of the default by the County. if Developer fails to remedy the default within thirty(30) days, the County shall have the right to re-enter and take possession of the property and to terminate (and revert in the County), the'estate conveyed by this Deed to the Developer; provided, that any such right of re-entry shall always be subjected to and limited by, and shall not defeat, render invalid, or limit in any way the lien of any valid mortgage or Deed or Trust permitted by this Deed. https://on lineservices. miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 4/11 11/1/22. 11:29 AM PDF.Is viewer .t.; •r• • 2!' 103PG4503 WITNESS WHEREOF, the said County has caused these presents to be executed in its name by its Board of County Commissioners acting by the Chairperson of said Board, the day and year aforesaid. Miami -Dade County, Florida By its Board of County Commissioners By: 0,..9',- em`1 J' Mayor 4)e gaijelef PMe &S Printed Signature of Mayor Stephen P. Clark Center 111 N.W. I5t Street, Suite 230 Miami, Florida 33128 ATTEST: , .�. Harvey Ruvin, Clerk of Circuit Court , 4.t,n :). 4 F- �*I By: � 71/ - �� By: Dep ty lerk Signature 24,3, A-ciOJO Deputy Clerk Printed Signature Stephen P. Clark Center 111 N.W. 1s1 Street, Suite 210 Miami, Florida 33128 Prepared by: Daniel O. Borges Miami -Dade Office of Community and Economic Development 140 West Flagler Street, Suite 1100 Miami, Florida 33130 https://onlineservicesniami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 5/11 11/1/22, 11:29 AM PDF,Is viewer VASIL 2'I t 03PG45O4 ACKNOWLEDGMENT OF TRUSTEE, ADMINISTRATOR, EXECUTOR GUARDIAN OR ANY PERSON ACTING IN A REPRESENTATIVE CAPATICY STATE OF FLORIDA: COUNTY OF MIAMI DADE: The foregoing instrument was acknowledged before me this ?- J by /. a 4 M 4 /o who is personally known to me or who has produced , as identification and who did (did not) take an oath. Signature of Person Taking Acknowledgment Name — Printed or Typed Title or Rank Serial Number WITNESS, my hand and official seal, this 7 day of KENNETH F. DUIDSTRAND MY COMMiSS10N 1 CC 817373 EXPIRES: January 18, 2004 8a,ora nw homy Put& unowetri My Commission expires /1 , A.D., 2001. tary Public, State r''"'nda at Large KENNETH F. GULDSTRAND Printed Signature of Notary -o/ https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx7QS=5p8%2fNIBjKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 6/11 11/1/22, 11:29 AM PDFjs viewer I .115. 21103PG4505 EXHIBIT "A LEGAL DESCRIPTIONS 1) Folio No. 08-2122-003-0170 (Parcel No. ALI-17-01) Lots 14 to 16, in Block 3, MAGNOLIA SUBDIVISION. as recorded in Plat Book 40, on Page 80, Dade County, Florida (See attached map #ALI-17-01) 2) Folio No. 08-2122-003-1100 (Parcel No. 05-02-01A) Lot 14, in Block 8, MAGNOLIA SUBDIVISION, as recorded in Plat Book 40, on Page 80, Dade County, Florida (See attached map #02-05-01A) 3) Folio No. 08-2122-003-1110 (Parcel No. 02-0S-OIB) Lot 15, in Block 8, MAGNOLIA SUBDIVISION, as recorded in Plat Book 40, on Page 80, Dade County, Florida (See attached map #02-05-01B) https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYADfeUkplta%2fiwum9frLHSIPWJ Uhdfs329QbC... 7/11 11/1/22, 11:29 AM PDF.js viewer 2i i D3PG4506 03/01/2001 * * * Os EXHIBIT "A" ALI-17--41 PUBLIC VALUE INQUIRY * * * FOLIO 08 2122 003 0170 PROP ADDR 2171 LINCOLN AVE NAME AND LEGAL DADE COUNTY YEAR OFFICE OF COMMUNITY DEVELOPMENT LAND 140 W FLAGLER ST STE 1000 BLDG MIAMI FL MARKET 331301561 MAGNOLIA SUB PB 40-80 LOTS 14 TO 16 INC BLK 3 LOT SIZE 86.870 X 96 OR 16838-1446 0695 3 ASSESS HEX WVD TOT EX TAXABLE VALUE 1999 7179 39867 47046 HISTORY 2000 7179 39867 47046 PTXM0186 LINK: MCD 0800 01/01/2001 47046 47046 47046 T 47046 T STATE EXEMPT: COUNTY SALE DATE 06/1995 SALE AMT SALE TYPE 1 I/V I SALE 0/R 44100 16838-1446 PF1-MORE LEGAL PF2-PARCEL INFO PF3-FOL SRCH PF5-TAX COLL PF7-PREV OWNER PF8-MENU PF13-OCCUP LIC I? https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDEaspx?QS=5p8%2fNIBjKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 8/11 11/1/22, 11:29 AM . 03PG4507 03/01/2001 4 3 * * FOLIO 08 2122 003 1100 NAME AND. LEGAL OCED 140 W FLAGLER ST STE 1100 MIAMI FL PDF.js viewer 02-05-01A PUBLIC VALUE INQUIRY PROP ADDR 331301561 22 52 41 MAGNOLIA SUB P8 40-80 LOT 14 BLK 8 LOT SIZE 25.000 X 96 OR 11749-2376 0483 5 YEAR LAND BLDG MARKET 2169 3677 * * * PTXM0186 LINK: MCD 0800 VALUE HISTORY 1999 2000 01/01/2001 2169 3677 ASSESS 2169 3677 HEX WVD TOT EX 2169 T TAXABLE STATE EXEMPT: COUNTY 3677 T SALE DATE SALE AMT SALE TYPE I/V SALE 0/R PF1-MORE LEGAL PF2-PARCEL INFO PF3-FOL SRCH PF5-TAX COLL PF7-PREV OWNER PF8-MENU PF13-OCCUP LTC https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetai lsPDF.aspx7QS=5p8%2fNIBjKYADfeUkplta%2fJwu m9frLHSIpWJU hdfs329QbC. -. 9/11 11/1/22, 11:29 AM • '21103PG4508 PDF.js viewer OF o =JOY, , SEZCIg0 WRFC) HARVEY RtMN aatitmmalcomM 02-05-01 b 03/01/2001 * * * PUBLIC VALUE INQUIRY FOLIO 08 2122 003 1110 PROP ADDR NAME AND LEGAL OCED 140 W FLAGLER ST STE 1100 MIAMI FL 22 52 41 MAGNOLIA SUB LOT 15 LOT SIZE 25.000 X OR 11749-2376 0483 5 331301561 PB 40-80 BLK 8 96 PF1—MORE LEGAL PF2—PARCEL INFO YEAR LAND BLDG MARKET * * * PTXM0186 LINK: MCD 0800 VALUE HISTORY 1999 2000 01/01/2001 2169 3677 2169 3677 c CGm C=C=. 6C=cc®G============CC==Ccs c= ASSESS 2169 HEX WVD TOT EX 2169 T TAXABLE STATE EXEMPT: COUNTY SALE DATE SALE TYPE 3677 3677 T SALE AMT I/V SALE 0/R PF3—FOL SRCH PFS-TAX COLL PF7—PREV OWNER PH —MENU PF13—OCCUP LIC https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIejKYADfeUkplta%2fJwum9frLHSIpWJUhdfs329QbC... 10/11 11/1/22, 11:35 AM PDF.js viewer CFN: 20130480169 BOOK 28681 PAGE 4713 DATE:06/17/2013 02:32:15 PM DEED DOC 0,60 SURTAX 0.45 HARVEY RUVIN, CLERK OF COURT, MIA-DADE CTY Return to: (enclose self-addressed stamped envelope) Marla Neufeld, Esquire Greenspoon Marder, P.A. 100 West Cypress Creek Road Suite 700 Fort Lauderdale, FL 33309 This Instrument Prepared by: Marla Neufeld, Esquire Greenspoon Marder, P,A, 100 West Cypress Creek Road Suite 700 Fort Lauderdale, FL 33309 Folio number: 08.2122-003-0170 SPACE ABOVE THIS LINE fOR PROrFSING DATA SPACE ABOVE TICS LINE FOR PROCESSING DATA QUIT CLAIM DEED THIS QUIT CLAIM DEED, made this 18 day of April, 2013 by CITY OF OPA-LOCKA, a Florida Municipal Corporation, ("Party of the First Part"), whose address is: 780 Fisherman Street, Opa Locka, Florida 33054, and Magnolia North 2145 Apartments, LLC, a Florida limited liability company ("Party of the Second Part"), whose address is 490 Opa-Iocka Blvd., Suite 20, Opa- locka, Florida 33054: WITNESSETH: That the said Party of the First Part, for and in consideration of the sum of Ten Dollars and No/100 ($10.00) to it in hand paid by the Party of the Second Part, receipt whereof is hereby acknowledged, has granted, bargained, and sold to the said Party of the Second Part, its heirs and assigns forever, the following described land lying and being in Miami -Dade County, Florida ("Property"): Lots 14, 15 and 16, Block 3 of MAGNOLIA SUBDIVISION, according to the Plat thereof as recorded in Plat Book 40, Page 80, of the Public Records of MIAMI-DADE County, Florida. THIS CONVEYANCE IS SUBJECT TO all zoning, rules, regulations and ordinances and 1 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbtkaEpgNfNgJa1J1 W7FgxUeVd... 1/5 11/1/22, 11:35 AM PDF.js viewer CFN: 20130480168 BOOK 28681 PAGE 4714 other prohibitions imposed by any governmental authority with jurisdiction over the Property; existing public purpose utility and government easements and rights of way and other matters of record; taxes for the year of closing and subsequent years and the following restrictions: 1. That the Property shall be developed in accordance with the "Development Agreement" entered into by and between the Party of the First Part and the Party of the Second Part on April 18, 2013 2. That the Property shall be so developed by the Party of the Second Part, within three (3) years of the recording of this deed ("Completion Deadline"), as evidenced by the issuance of a Certificate of Occupancy for the "Project" (as defined in the Development Agreement") and the closing of all of the Project's building permits.. In the event Party of the Second Part fails to meet the Completion Deadline , upon thirty (30) days written notice to the Party of the Second Part as set out below, title shall automatically vest in the name of Miami -Dade County, a political subdivision of the State of Florida (hereinafter the "County") as a matter of law . Notwithstanding, the County may, in its sole discretion, waive this condition if the County finds it necessary to extend the time frame in which Party of the Second Part must complete the Project. Such waiver by the County, to be effective must (1) be given to the Party of the Second Part in writing prior to the Completion Deadline and (ii) shall be evidenced by the preparation of a letter executed by the County Manger or designee, giving such waiver and specifying the new time frame in which Party of the Second Part must complete the Project. The letter by County shall be conclusive evidence upon which any party may rely that the Completion Deadline has been properly extended to such date as specified in said waiver. If no waiver is recorded, any party may rely upon the fact that title to the Property has vested into the name of County . Party of the Second Part (or Successor in Interest), shall pay real estate taxes and assessments on the Property or any part thereof when due. Party of the Second Part shall not suffer any levy or attachment to be made, or any material or mechanic's lien, or any unauthorized encumbrance or lien to attach, provided, however, that Party of the Second Part may encumber the property with: a) Any mortgage(s) in favor of any institutional lender for the purpose of financing any hard costs or soft costs relating to the construction of the Project; and b) Any mortgage(s) in favor of any institutional lender refinancing any mortgage of the character described in clause a) hereof; https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbtkeEpgNfNgJa1J1w7FgxUeVd.., 2/5 11/1/22, 11:35 AM PDF,js viewer CFN: 20130480169 BOOK 28681 PAGE 4715 The recordation, together with any mortgage purporting to meet the requirements of clauses (a) or (b) above shall constitute conclusive evidence that such mortgage meets such requirements, and that the right of any reverter hereunder shall be subject to and limited by, and shall not defeat, render invalid, or limit in any way, the lien of such mortgage. For purposes of this paragraph an "institutional lender" shall mean any bank, savings and loan association, insurance company, foundation or other charitable entity, real estate or mortgage investment trust, pension funds, the Federal National Mortgage Association, agency of the United States Government or other governmental agency. in any event, the term "Institutional lender" shall be deemed to include Miami -Dade County and its respective successors and assigns. Upon receiving proof of compliance with all the deed restrictions listed above, the Party of the First Part shall furnish the Party of the Second Part an appropriate instrument acknowledging satisfaction with all deed restrictions listed above. Such satisfaction of deed restrictions shall be in a form recordable in the Office of the Clerk of the Circuit Court of Miami - Dade County, Florida. In the event the Party of the Second Part, its successors or assigns, shall violate or otherwise fail to comply with any of the restrictions and covenants set forth herein, the Party of the Second Part, its successors or assigns, shall correct or cure the default/violation within (30) days of written notification of the default by the County. If the Party of the Second Part, its successors or assigns, fails to remedy the default within thirty (30) days, the County, shall have the right to re-enter and take possession of the property and to terminate and revest in the County the estate conveyed by this deed to the Party of the Second Part, its successors or assigns, and by such reverter to the County, the Party of the Second Part shall forfeit all monetary investments and improvements without any compensation or right to compensation whatsoever; provided, that any such right of re-entry shall always be subjected to and limited by, and shall not defeat, render invalid, or limit any way the lien of any valid mortgage or deed or trust permitted by this deed. This grant conveys only the interest of the Party of the First Part in the Property herein described and shall not be deemed to warrant the title or to represent any state of facts concerning the same. IN WITNESS WHEREOF the said Party of the First Part has signed and sealed these presents the day and year first written above. 3 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx7QS=5pl3%2fNIBjKYCQv467PRR%2ibtkaEpgNfNgJa1 J1 W7FgxUeVd... 3/5 11/1/22, 11:35 AM PDF.js viewer CFN: 20130480169 BOOK 28681 PAGE 4716 C Flori STATE OF FLORIDA COUNTY OF MIAMI-DADE By: '-1 "nn. Baker, City Manager OCKA, FLORIDA, a pal corporation I HEREBY CERTIFY that on this date before me, an officer duly qualified to take acknowledgments, personally appeared Kelvin L Baker, as City Manager of the City of Opa- Locka, Florida, who is either ersonally known y me or who produced valid Florida drivers license, and executed the foregoing instrument on behalf of the City of Opa-Locka on this day and acknowledged before me that he executed the same. WITNESS my hand and official seal in the County and State aforesaid, this rrs-1 day of 2013, Notiry Pulf}i>r 0)1, , FAYEOOUGIAS * , MYCOAISIONAOv962152 y ..� iXPIIIES:February16,2O14 ''eoFfly"' BondedilevBudgetNJdaysevexs In Witness Whereof, Kelvin L. Baker, City manager of the Party of the First Part, has set his hand and seal the date and year first written above. Signed, sealed and delivered in our presence: FIRST WIT ESS: 41 Signature Print SF TN ESS: Signature 62 Lc�cr Print The foregoing conveyance was authorized by Resolution No. 11-8196 approved by the Board of City Commissioners of Opa-Locka, Florida, on February 23, 2011 and Resolution No. R-940-12 approved by the Board of County Commissioners of Miami -Dade County, Florida on the November 8, 2012. 4 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx7QS=5p8%2fNIBjKYCQv467PRR%2lbtkaEpgNfNgJa1 J1 W7FgxUeVd... 4/5 11/1/22, 11:38 AM PDF.Js viewer 11111111111111 I 111111111111 1111111111 1 1111111 GFh1 2O13R0336,081 DR Bk 28604 P9s 4581 - 4592; (12P9s) RECORDED 04/29/2013 15:07:23 HARVEY RUVII4► CLERK OF COURT MIAMI-DADE COUNTY, FLORIDA NNwil« (mmdw. meNAbwr4 - wwgMrO riawee Hope W. Calhoun, Esq. Adams 100 W. Cypress Credo Road Suite 700 Fort Lauderdale, FL 33309 11141 I.stras..t Prepared by: Hope W. Calhoun, Esq. Greenspoon Marder 100 W. Cypress Creek Road, Suite 700 Fort Lauderdale, Florida 33309 ' i vet at* set sanzeitetreArA AF,AMAmity leer AM DEVELOPMENT AGREEMENT BETWEEN THE CITY OF OPA-LOCKA, FLORIDA AND MAGNOLIA NORTH 2145 APARTMENTS, LLC THIS DEVEL PMENT AGREEMENT ("Agreement") is made and entered into this lh day of der liability 2010"Execution Date") by and between Magnolia North 2145 Apartments, LLC, a Flori limited liabil ty company, its successors, assigns and heirs, whose mailing address is 490 Opa-Locka Boulevard, Suite 20, Opa-Locka, Florida 33054 ("Developer"), and the City of Opa-Locka, Florida, a municipal corporation and a political subdivision of the State of Florida, whose mailing address is 780 Fisherman Street, Opa-Locka, Florida 33054 (the "City"). WITNESSETH: WHEREAS, Developer is the fee simple owner of approximately .423 net acres of land located at 2145 Lincoln Avenue in the City of Opa-Locka, and legally described on the attached Etibi4L* "A" ("Parcel A"); and WHEREAS, the City owns approximately 1.2 acres of land located at 2171 Lincoln Avenue in the City of Opa-Locka, and legally described on the attached LAW= ("Parcel B"); and WHEREAS, the City intends to convey Parcel 13 to the Developer, and WHEREAS, once the Developer is the owner of Parcel A and Parcel 9 (collectively referred to herein as the "Property), same will be developed with 12 multifamily low to moderate income apartment units ("Project"); and WHEREAS, the sits plan for the Project was recommended for approval by the City's Planing Council; and WHEREAS, according to Sections 163.3220 through 163.3243, F.S., known as the Florida Local Government Development Agreement Act, the Florida Legislature has determined that the lack of certainty is des development process can result in a waste of economic and land development resources, hops://onlineservices.miami-dadederk.cam/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2fUll pnH%2fWgPsMhajgj... 1/13 11/1/22, 11:38 AM PDF.js viewer discourage sound capital improvement planning and financing, escalate the coat of housing and development, and discourage commitment to comprehensive planning; and WHEREAS, the Florida Legislature has declared that assurance to a devsioper *tit may proceed in accordance with existing laws and policies, subject to the conditions of a development agreement, strengthens the public planning process, encourages sound capital improve:newt planning and financing, assists in assuring there are adequate capital facilities for the development, encourage private participation in comprehensive planning, and reduces the economic costs of development; and WHEREAS, the Developer and the City desire to establish certain terms and conditions relating to the proposed development of the Property and wish to establish identifiable parameters for future development; and WHEREAS, the City acknowledge that two public hearings were held on October 2, 2012 and December 12, 2012 pursuant to Florida Statutes 163.227; and WHEREAS, the City Commission of the City, pursuant to Resolution Number 124493 approved the execution of this Agreement in connection with the approval of the Project. NOW, THEREFORE, in consideration of the conditions, covenants and mutual promises herein set forth, the Developer and City agree as follows: 1. Bliligh. The foregoing recitals are true and correct and are incorporated herein by reference. All exhibits to this Agreement are hereby deemed a part hereof. 2. cisakkEgliga. The Parties hereby agree that the consideration and obligations recited and provided for under this Agreement constitute substantial benefits to both parties and thus adequate consideration for this Agreement. 3. "Additional Term" anyone or more additional terms) approved by enduesl consent of the parties pursuant to a public hearing pursuant to Section 1633225, F.S. "Agreement" means this Chapter 163, F.S., Development Agreement between the City and Developer. "City" means the City of Opa-Locka, a municipal corporation and a political subdivision of the State of Florida, and all departments, agencies and instrumentalities subject to the jurisdiction thereof. "Comprehensive Plan" means the City's comprehensive plan adopted by the City pursuant to Chapter 163, F.S. "Developer" means the persons or entities undertaking the development of the Property, defined in this Agreement. "Development" moans the carrying out of any building activity, the making of any material change in the use or appearance of any structure or land, or 2 GM:: https://onlineservices.miami-dadeclerk.con/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2f1J11 pnH%2fWgPsMhajgj... 2/13 11/1/22. 11:38 AM PDF.js viewer the dividing of land into three or more parcels and such other activities described in Section 163.3221(4), F.S. (g) "Development Permit" includes any building permit, zoning or subdivision approval, certification, special exception, variance, or any other official action of local government having the effect of permitting the development of land. (h) "Effective Date" is the date which is thirty days after this Agreement is recorded with the clerk of the circuit court in and for Miami -Dade County, (1) "Entire Term" is the total term of this Agreement, combining the Initial Term (thirty (30) years) and the Additional Term, u defined herein. (j) "Execution Date" is the latest date that all parties have affixed their signatures to this Agreement. (k) "Existing Zoning" is (a) all entitlements associated with the City's approval of the Development; and (b) the provisions of the Charter, Comprehensive Plan and Laws of the City of Opa-Locka, including the City of Opa-Locka's Unified Land Development Regulation Code and Ordinances, as amended through the Effective Date. (1) "Site Plan" is the Final Site Plan approved by the City Commission pursuant to Resolution No. 129492 for a 12 unit multifamily low to moderate income apartment development located on the Property. (m) "Governing body" means the City of Opa-Locka's City Commission or successor entity. - (n) "initial Term" is thirty (30) years commencing on the Effective Date. (o) "Land" means the earth, water, and air, above, below, or on the surface and includes any improvements or structures customarily regarded as land, except as provided herein. (p) "Lard Development Regulations" means ordinances, rules and policies enacted or customarily implemented by the City for the regulation of any aspect of development and includes any local government zoning, rezoning, subdivision, building construction, or sign regulation or any other regulations controlling the development of or construction upon land in effect as of the Effective Date. (q) "Laws" means all ordinances, resolutions, regulations, comprehensive plans, Land Development Regulations, and rules adopted by the City of Opr Locks affecting the development of land in effect as of the Effective Date, including Ope.Locka's Unified Land Development Regulation Code, the Ordinance and the Resolution. (r) "Project" is the 12 unit multi -family low to moderate income apartment complex located on the Property. 3 hops://onlineservices.miami-dadeclerk.coin/officialrecords/CFNDetailsPDF.aspx7QS=5p8%2fNIBJKYCQv487PRR%2fbrp%2fUl1 pnH%2tWgPsMhajg1... 3/13 11/1/22, 11:38 AM PDF.js viewer (s) 'Property" means the approximately .423 gross acres of land located at 2145 and 2171 Lincoln Avenue in the City of Opa.Locka legally described on the attached Exhibits "A" and "B". (t) "Public Facilities" means major capital improvements, including, but not limited to transportation, transit, sanitary sewer, solid waste, drainage, potable water, educational facilities, parks and recreational, and health systems and facilities for which the City's Comprehensive Plan seta forth required levels of service. The City hereby acknowledges that Public Facilities exist within the City to service the Property and that same shall be made available concurrent with the development of the Property. (u) "Resolution" means Resolution Number 124492 and 124493 approving the Development on the Property. 4. ]per. It is the intent of the Developer and the City that this Agreement shall be construed and implemented as a development agreement among the parties pursuant to the Florida Local Government Development Agreement Act, Section 163.3220 through 1633243, F.S., ("Act"), in compliance with section 4.16 of the City of Opa-Loeka's Unified Land Development Regulation Code, the Ordinance and the Resolution. 5. ERasti_ve..Datg. Immediately upon approval by the City and execution by all parties, the City shall record, with recording fees paid by the Developer, this Agreement with the clerk of the circuit court for Miami -Dade County. This Agreement shall become binding on the Effective Date. Notwithstanding the Effective Date provided herein and required by Section 163.3239, P.S., the City and the Developer shall act in good faith to carry out the intent of the Agreement upon the Execution Date. 6. Term of Aereenapt aatiL Biadieut E. This Agreement shall run with the land, remain in full force and effect, and be binding on all parties hereto. Consent to any extension of this Agreement requires approval of all parties to this Agreement. In accordance with Section I63.3227(b), F.S., the Initial Term of this Agreement is thirty (30) years commencing on the Effective Date. Any one or more additional terms) shall be approved by mutual consent of the parties pursuant to a public hearing pursuant to Section 163.3225, F.S. 7. Tarsalnatin. No notice of termination shall be required by either party upon the expiration of this Agreement and thereafter the parties hereto shall have no further obligations under this Agreement. 8. SaingisigaLagEguani. The expiration or termination of this Agreement, for whatever reason, shall not be considered a waiver of, or limitation upon, the rights, including, but not limited to, any claims of vested rights or equitable estoppels, obtained or held by the Developer or its successors or assigns in compliance with this Agreement and all prior and subsequent Development Permits or development orders granted by the City, including, but not limited to, those rights granted under the City's Comprehensive Plan. 9. . The we permitted on the Property shall be those constructed in accordance with the Site Plan. 4 hops://onlineservices.miami-dadeclerk.cam/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2fUl1 pnH%2fWgPsMhajgj... 4/13 11/1/22, 11:38 AM PDF.js viewer 10. Arightgagaciegaigas. The Developer agrees as follows: (a) All Public Facility improvements required by the City, by Miami.Dsde County, Florida, or voluntarily proposed by the Developer to be installed by Developer shall either. (a) be constructed in acconlence with applicable govwrrrnental regulations prior to the issuance of a Certificate of Occupancy of the Project; or (b) be guaranteed to the City by a cash bond or letter of credit. Said security shall be provided prior to the issuance of a buiWing permit. (b) Developer will abide by and not deviate from the terms of its graphic and verbal moons submitted to the City Commission in order to receive approval of the Project Such items include, but are not speciticaity limited to: 1. Design of all physical structures, water bodies, private and public improvements; and 2. The color and dimensional characteristics of alt building materials. (c) Developer guarantees to preserve and maintain all buildings and structures consistent with the Site Plan for the entire period in which the Developer own9 the land or controls 51% ownership of the Property. (d) Developer shall submit annual repods and additional documentation as required by the Resolution to verify continuing compliance with the Resolution. (e) Developer will not physically alter or substitute the design of structures, materials and colors included in the Site Plan except as approved by the City. In the event that building materials or colors are no longer available, the burden shall be on Developer to prove that said materials or colors are in fact unavailable. (f) Developer agrees that the City may enter onto the Property to confirm compliance with the terms of this Agreement. (g) Developer agrees to comply with City of Op.-Locka Resolution Number 505 (the Fair Share Agreement Resolution). (h) In addition to the landscaping on the Property, the Developer shall install and maintain all landscaping in the public right-of-way (Lincoln Avenue and Duval Street) adjacent to the Project 11. Itushmantaigadja. The City may need to approve the following Development Permits upon proper submission of all required documentation, and City review or inspections, in order for the Developer to develop the Project: (a) Modifications to existing approvals and permits, including the Site Plan; (b) Water, sewer, paving and drainage permits; (c) Building permits; 5 https:l/onlineservices.miami-dadeclerk.wm/officialrecords/CFNDetallsPDF.aspx?QS=5p8%2fNIBjKYCQw167PRR%2fbrp%2fU11 pnH%2fWgPsMhajgj... 5/13 11/1/22, 11:38 AM PDF.js viewer (d) Sign permits; (e) Certificates of use and occupancy; and (f) Any other official action of the City and/or Mia ni-Dade County, Florida or other applicable regulatory agencies having the effect of permitting the development of land or providing permits required for the development of land. 12. Nothing in this paragraph s dl relieve the Developer of the requirement to pay impact fees and assessments associated with the public services and facilities provided by the City and the County. 13. gamissasumwounkagumia. In accordance with Section 163.322 F.S., the City hereby finds and declares that the Developers' development of the Project on the Property complies with the Laws, ordinances, regulations and policies of the City's Comprehensive Plan and Land Development Regulations. 14. Bgageigibtourikagignoggliggkk. Except as otherwise provided for in the Act, for the Entire Term of this Agreement, the City hereby agrees that it shall permit the Developer's development (Witte Project in accordance with the Laws of the City of Opa- Locica, including the City's Comprehensive Plan and Land Development Regulations, as of the Effective Date of this Agreement, subject to the conditions of this Agreement. Except as otherwise provided for in the Act, the City's Laws and policies governing the development of the Property as of the Effective Date of this Agreement shall govern the development of the Property for the Entire Term of this Agreement Development of the Property with the Project shall not be subject to any future changes to the Laws of the City, including the City's Land Development Regulations and Comprehensive Plan after the Effective Date and during the Entire Term of this Agreement, except to the extent that the Developer's consent to such changes and except as otherwise provided in the Act. The City may apply subsequently adopted laws or policies to the Property only as permitted or required by the Act, or as provided above. 15. Mint and Othtr Annrmvtj . The parties hereto recognize and agree that certain provisions of this Agreement require the City and its boards, departments or agencies, acting in their governmental capacity, to consider governmental actions, as set forth in this Agreement. All such considerations and actions shall be utxferteken in accordance with established requirements of state statutes and municipal ordinances, in the exercise of the City's jurisdiction under the police power. Nothing in this Agreement shall be construed to prohibit the City from duly acting under its police power to approve, approve with conditions, or reject any public hearing application associated with the Property. 16. In accordance with Section I63.3227(i), F.S., this Agreement b not and shall not be construed u a Development Permit or authorization to commence developinast. The Developer and the City agree that the failure of this Agreement to address a particular permit, condition, fee, term or restriction in effect on the Effective Date of this Agreement shall not relieve Developer of the necessity of complying with any and all regulations governing said permitting requirements, conditions, fees, tams or restrictions as long as compliance with said regulation and requirements do not require the Developer 6 https://onlineservices.miami-dadeclerk.com/official records/CFNDetailsPDF.aspx?(15=5p8%2fNIBjKYCQv467PRR%2fbrp%2f i11 pnH%2fWgPsMhajgj... 6/13 11/1/22, 11:38 AM PDF.js viewer to develop the Property in a manner that is inconsistent with the Laws of the City of Opr Locke in existence as of the Effective Date. 17. GuadFaith: Fit alanagg. The parties to this Agreement have negotiated in good faith. it is the intent and agreement of the parties that they shall cooperate: with each other in good faith to effectuate the purposes and intent of and to satisfy their obligations under this Agreement in order to secure to themselves the mutual benefits created under this Agreement. In that regard, the parties shall execute such tiartber documents as may be reasonably necessary to effectuate the provisions of this Agreement, provided that the foregoing shall in no way be deemed to inhibit, restrict, or require the exercise of the City's police power or actions of the City when acting in a quasi-judicial capacity. l8. agog. Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand, sent by a recognized courier (such as Federal Express) or mailed by certified or registered mail, return receipt requested, in a postage prepaid envelope and addressed as follows: If to the City City Manager at: City ofOpa-Locks 7S0 Fisherman Street, Fourth Floor Opa-Locka, Florida 33054 With a copy Joseph Geller. Esq. to: City Attorney Greenspoon Marder, P A 100 W Cypress Creek Road, Suite 700 Fort Lauderdale, Florida 33309 If to the Developer at: Manager Opa-Locka Community Development Corp. 490 Opa-Locka Boulevard Suite 20 Opa.Locka, Florida 33054 19. This Agreement shall be governed and construed in accordance with the laws of the State of Florida. The Developer and the City agree that Miami -Dade County, Florida is the appropriate venue in connection with any litigation between the parties with respect to this Agreement. All of the parties to this Agreement have participated fully in the negotiation and preparation hereof; and accordingly, this Agreement shall not be more strictly construed against any of the parties hereto. In construing this Agreement, captions, and section and paragraph headings shall be disregarded. All of the exhibits referenced in this Agreement are incorporated in, and made a part of, this Agreement. In the event of any litigation between the parties under this Agreement for a breach thereof, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. Pursuant to Section 163.3241, F.S., if state and federal laws are enacted after the execution of this Agreement which are applicable to and preclude the parties' compliance with the terms of this Agreement, same shall be modified or revoked as is necessary to comply with the relevant state or federal laws. 7 GM:: https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%21brP%2fUl1 pnH%2fWgPsMhajgj... 7/13 11/1/22, 11:38 AM PDF.Js viewer 20. augabilki. In the event that any term or provision of this Agreement is determined by an appropriate judicial authority to be illegal or otherwise invalid, such provision shell be given its nearest legal meaning or construed as deleted as such authority detcnnines, and the remainder of this Agreement shall be construed to be in full force and effect. 21. gail . This Agreement sets forth the entire Agreement and understanding between the parties hereto relating in any way to the subject matter contained herein and merges all prior discussions between the Developer and the City. Neither party shall be bound by any agreement, condition, wamnty or representation other than as expressly stated in this Agreement. This Agreement may not be amended or modified except by written instrument signed by both parties hereto, or their successors in interest. 22. jggszajfigg . The Developer shall indemnify end hold harmless the City, its elated and appointed officials, employees, agents and assigns from and against any claims or litigation arising from this Agreement. 23, Pnriodk Review of Arrretpeot. Pursuant to Section 163.3235, F.S., the City shall review the Property subject to this Agreement at least once every twelve (12) months to determine if there has been demonstrated good faith compliance with the terms of thus Agreement. If the City finds on the basis of substantial competent evidence that there has been a failure to comply with the terms of this Agreement, then same may be revoked or modified by the City. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. [SIGNATURES ON PAGES TO FOLLOW' 8 GM:: https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx7QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2fUI1 pnH%2fWgPsMhajgj... 8/13 11/1/22, 11:38 AM PDF.js viewer ATTEST: Ity Clerk Dated: l 0 day of j 1 pproved for f At<ontey: *4y, ,E, „ 7 ct 9 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDeiailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2fU11 pnH%2fWgPsMhajgj... 9/13 11/1/22, 11:38 AM PDF.js viewer DEVELOPER WITNESS: MAGNOLIA NORTH 2145 APARTMENTS, LLC By: OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION, its Sole Member Si Prin e e Si w : ture )Dtzr6 3 Print Name STATE OF FLORIDA COUNTY OF MIAMI-DADE ) The foregoing instrument acknowledges before me this I 0 day of + 1 2012 by Willie Logan, as President of the Opa-Locka Community Development C tion, a Florida non-profit corporate + • em lia North 2145 Apartments, LLC, a Florida limited liability company, w e or has produced k i //% as identification, and acknow -•r' she/he did execute this instrument freely and voluntarily for the purposes stated herein. My Commission Expires: 10 011:: I' UM:IYA 4. James z Notary Public - 31 s of Florida ; My Comm. Esplm Mar 16, 2015 Commission i EE 74720 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBJKYCQv467PRR%2fbrp%2fUl1 pnH%2fWgPsMhaj... 10/13 11/1/22, 11:38 AM PDF.js viewer Exhibit A Legal Description 2145 Lincoln Street, Opa-Iocka Florida Folio Number: 08-2122-003-0130 Lots 10, 11, 12 and 13, Block 3 of MAGNOLIA SUBDIVISION according to the plat thereof as recorded in Plat Book 40, Page 80 of the Public Records of Miami -Dade County, Florida 11 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIf3jKYCQv467PRR%2fbrp%21U11 pnH%2fWgPsMhajq... 11/13 11/1/22, 11:38 AM PDF.js viewer Exhibit B Legal Description 2171 Lincoln Street, Opa-Iocka Florida Folio Number: 08-2122-003-0170 OR BK 28604 PG 4592 LAST PAGE Legal Description: Lots 14, 15 and 16, Block 3 of MAGNOLIA SUBDIVISION, according to the Plat thereof as recorded in Plat Book 40, Page 80, of the Public Records of MIAMI-DADE County, Florida. 12 https://onlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNISjKYCQv467PRR%2fbrp%2fU11 pnH%2fWgPsMhaj... 12/13 11/1/22, 11:38 AM PDF.js viewer Book28604/Page4592 CFN#20130336081 Page 12 of 12 https:/lonlineservices.miami-dadeclerk.com/officialrecords/CFNDetailsPDF.aspx?QS=5p8%2fNIBjKYCQv467PRR%2fbrp%2fUl1 pnH%2fWgPsMhaj... 13/13