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2010-12ORDINANCE NO. 2010 -12 AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT PURSUANT TO CHAPTER 163, F.S., DATED SEPTEMBER 2, 2003 AND AMENDED DECEMBER 29, 2004, MADE BETWEEN MERCO GROUP AT AVENTURA LANDINGS I, II AND III, INC. AS DEVELOPER AND THE CITY OF AVENTURA TO EXTEND THE TERM OF THE AGREEMENT FROM FEBRUARY 2, 2010 TO AUGUST 2, 2012 AND TO ADD APPLICABILITY OF THE CITY'S TRANSPORTATION MITIGATION IMPACT FEE TO DEVELOPMENT OF THE CONDOMINIUM AND LOFTS PARCELS, RELATING TO THE PARCELS OF LAND ZONED RMF4, MULTIFAMILY HIGH DENSITY RESIDENTIAL DISTRICT, LOCATED ON NE 185 STREET AT NE 28 COURT, CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the applicant, Philip Von Kahle, Receiver for MGAL REPH I, 11, III LLC, through Application No. 01- DA -10, has applied to extend the term of the Development Agreement dated September 2, 2003, amended December 29, 2004, made between Merco Group at Aventura Landings I, 11 and III, Inc., as owner, and the City of Aventura; and WHEREAS, pursuant to the terms of Paragraph 11. of the Development Agreement, the termination date of the Agreement is February 2, 2010; and WHEREAS, the building permit obtained for the construction of the "Condominium Parcel" as described in Exhibit "B" to the Development Agreement has expired, and no building permits were approved for the "Lofts Parcel' also as described in Exhibit "B "; and WHEREAS, Paragraph 11(B) of the Development Agreement provides that the term of the Agreement may be extended in 2.5 year increments for up to 5 additional years from the termination date of February 2, 2010, upon mutual agreement of both the City and the owner /applicant; and Ordinance No. 2010 -12 Page 2 WHEREAS, the owner /applicant has requested an extension of the termination date of the Development Agreement to August 2, 2012 in order to allow the property to be marketed for sale while preserving the development approvals granted by the City; and WHEREAS, pursuant to Paragraph 11(13), the parties have mutually agreed to add a new paragraph to the Modification of the Development Agreement to provide for applicability of the City's Transportation Mitigation Impact Fee to development of the "Condominium Parcel" and the "Lofts Parcel "; and WHEREAS, the City Commission has held the required public hearings, duly noticed in accordance with law; and WHEREAS, the City Commission has reviewed the application and has considered the testimony of all interested parties at the public hearings, and has determined that the amendment to development agreement requested by the applicant is appropriate; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. That the Modification to Development Agreement attached as Exhibit "A" to this Ordinance, extending the termination date of the Agreement from February 2, 2010 to August 2, 2012 and adding applicability of the City's Transportation Mitigation Impact Fee to development of the "Condominium Parcel' and "Lofts Parcel" is hereby approved, for property legally described in Exhibit "B" to this Ordinance. Section 2. The City Manager is hereby authorized to execute the agreement on behalf of the City. Ordinance No. 2010 -12 Page 3 Section 3 . Severability The provisions of this Ordinance are declared to be severable and if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 4 . Effective Date This Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Commissioner Weinberg, who moved its adoption on first reading. This motion was seconded by Vice Mayor Stern and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner Teri Holzberg yes Commissioner Billy Joel yes Commissioner Luz Urbaez Weinberg yes Vice Mayor Michael Stern yes Mayor Susan Gottlieb yes The foregoing Ordinance was offered by Commissioner Auerbach, who moved its adoption on second reading. This motion was seconded by Commissioner Weinberg and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner Teri Holzberg yes Commissioner Billy Joel yes Commissioner Luz Urbaez Weinberg yes Vice Mayor Michael Stern yes Mayor Susan Gottlieb yes PASSED on first reading this 6 t " day of July, 2010. Ordinance No. 2010 - Page 4 PASSED AND ADOPTED on second reading this 5 day of October, 2010. ATT ST: Ter sa M. Soroka, IC City Clerk APPROVED AS TO LEGA SUFFICIOCY: City Attorney �.0400t) "� X usan Gottlieb, Qayor This O dinance was filed in the Office of the City Clerk this I'm day of 4 , 2010. J 7,j y Clerk Ordinance No. 2010 -12 Page 5 EXHIBIT "A" MODIFICATION TO DEVELOPMENT AGREEMENT THIS MODIFICATION TO DEVELOPMENT AGREEMENT ( "Modification ") is entered into the _ day of , 2010, by and between the CITY OF AVENTURA, Florida a municipal corporation, ( "City ") and MGAL REPH I, II, III, LLC, ( "Owner "). RECITALS: WHEREAS, the Owner owns the property, consisting of approximately 9.02 gross acres of land (the "Property "), the legal description of which is attached hereto as Exhibit A; WHEREAS, the previous Owner, Merco Group at Aventura Landings I, II and III, Inc., obtained development approvals relating to the Property, including an application to amend the City of Aventura Comprehensive Plan, an application for rezoning, an application for site plan approval, an application for various variances required to develop the Project, and an application to close a portion of NE 28 Court (the "Applications "), through the City's Community Development Department; WHEREAS, on September 2, 2003, Merco Group at Aventura Landings I, II and III, Inc. and the City entered into a development agreement ( "Agreement "), pursuant to the Florida Local Government Development Agreement Act Sections 163.3220- 163.3243, Florida Statutes; WHEREAS, on October 5, 2004, an amendment to Exhibit "B" of the Development Agreement was approved by mutual agreement of the parties to revise the number of stories in the "Condominium Parcel" from 18 stories to 19 stories, with the maximum overall height remaining the same at 186'6" and all other terms and provisions of the agreement to remain in full force and effect; WHEREAS, since the date of execution of the Agreement, the Owner has fulfilled the conditions of Paragraph 4. of the Agreement to provide the necessary public facility and has received necessary permits and constructed the 62 townhomes on the "Townhome Parcel "described in Exhibit "B" to the Development Agreement and has recorded a Final Plat dividing the parcels into development lots and tracts; Ordinance No. 2010 -12 Page 6 WHEREAS, the Agreement provides for a termination date of February 2, 2010; WHEREAS Paragraph 11. of the Agreement provides for a term of five (5) years from the effective date of February 2, 2005 and provides that the term may be extended by mutual agreement of the City and the Owner in 2.5 year increments for up to an additional five (5) years from the termination date; WHEREAS the parcels were placed into Receivership in October of 2008 and a corporate entity, MGAL REPH I, II, III, LLC, owned by the mortgagor, is now the title holder; WHEREAS, the building permit obtained for the construction of the "Condominium Parcel" as described in Exhibit "B" has expired and no building permits were approved for the "Lofts Parcel" also as described in Exhibit "B "; WHEREAS Section 163.3237, Florida Statutes, provides that a development agreement may be amended by the mutual consent of the parties to the agreement; WHEREAS, the Owner and City agree to a modification to Paragraph 11. of the Agreement to extend the term of the Agreement for a further 2.5 years, from the February 2, 2010 expiration date to August 2, 2012 in order that the Receiver may market the property for sale while preserving the development approvals granted by the City; WHEREAS, in consideration of the extension of the development rights and approvals granted under the Agreement, the Owner and City agree to a further modification to add applicability of the City's Transportation Mitigation Impact Fee to the two remaining undeveloped parcels, namely, the "Condominium Parcel" and the "Lofts Parcel ". NOW, THEREFORE, in consideration of the mutual covenants and agreements expressed herein, the Owner and City agree as follows: 1. Recitals. The recitals set forth above are incorporated herein and form an integral part of the Modification. Ordinance No. 2010 -12 Page 7 2. The Development Agreement dated September 2, 2003, amended by Modification to Agreement dated December 29, 2004, is hereby further modified by revising paragraph 11 to extend the termination date from February 2, 2010 to August 2, 2012. 3. The Development Agreement dated September 2, 2003, amended by Modification to Agreement dated December 29, 2004, is further modified by addition of Paragraph 7 (a) as follows: "Paragraph 7 (a). The parties agree that payment of the Transportation Mitigation Impact Fee enacted by Ordinance No. 2008 -08, amended by Ordinances No. 2009 -04 and 2009 -08, shall be required prior to the issuance of any building permits for the "Condominium Parcel" and the "Lofts Parcel" as described in Exhibit "B" to the Agreement." 4. The terms and conditions of the Agreement shall remain in full force and effect except as herein modified. Signed, sealed, executed and acknowledged this day of , 2010. CITY CITY OF AVENTURA, FLORIDA Attest: By: By: Teresa Soroka, MMC Eric M. Soroka, ICMA -CM City Clerk City Manager Ordinance No. 2010 -12 Page 8 OWNER WITNESSES: Print Name: Print Name: STATE OF FLORIDA COUNTY OF MIAMI -DADE MGAL REPH I, II, III, LLC Print Name: Title: The foregoing instrument was sworn to, subscribed and acknowledged before me, this day of by who is personally known to me or produced as identification. My Commission expires: By: Notary Public State and County aforesaid (Notarial seal) Ordinance No. 2010 -12 Page 9 LEGAL DESCRIPTION OF PROPERTY Tracts A, B, C, D, E, F and G and Lots 1 through 62 inclusive, according to the Plat thereof recorded in Plat Book 166, Page 58, of the Public Records of Miami -Dade County, Florida, all lying at the intersection of NE 28 Court and NE 185 Street, City of Aventura