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FIRST AMENDMENT TO COVENANTS, RESTRICTIONS, GRANT OF EASEMENTS AND MODIFICATION OF CLEARWATER COMMONS SHOPPING CENTER OPERATIONAL AND RECIPROCAL EASEMENT AGREEMENTThis instrument prepared by and after recording to be returned to: Jeffrey J. Wild, Esq. Benesch Friedlander Coplan & Aronoff LLP 2300 BP Tower 200 Public Square Cleveland, Ohio 44114 (216) 363-4500 FIRST AMENDMENT TO COVENANTS, RESTRICTIONS, GRANT OF EASEMENTS AND MODIFICATION OF CLEARWATER COMMONS SHOPPING CENTER OPERATIONAL AND RECIPROCAL EASEMENT AGREEMENT THIS FIRST AMENDMENT TO COVENANTS, RESTRICTIONS, GRANT OF EASEMENTS AND MODIFICATION OF CLEARWATER COMMONS SHOPPING CENTER OPERATIONAL AND RECIPROCAL EASEMENT AGREEMENT ("Amendment") is made and entered into by and among Inland Southeast Clearwater Development, L.L.C., a Delaware limited liability company, n/k/a/ DDR SOUTHEAST CLEARWATER DEVELOPMENT, L.L.C., a Delaware limited liability company ("DDR"), the CITY OF CLEARWATER, FLORIDA, a municipal corporation (the "City") and PHILLIES FLORIDA LLC, a Delaware limited liability company ("Phillies Florida"), successor (by assignment) to The Phillies, a Pennsylvania limited partnership, ("The Phillies"), as of the g`'"- day of _ k ,v„__ , 2009. RECITALS WHEREAS, DDR owns the real property described on Exhibit "A", attached hereto and made a part hereof (the "DDR Property"); WHEREAS, the DDR Property is subject to that certain Operation and Reciprocal Easement Agreement recorded in Official Records Book 6440, at Page 2013 which has been previously modified by (1) that certain Ratification of Operation and Reciprocal Easement Agreement recorded in Official Records Book 6735, page 217, (2) that certain Second Amendment to an Operation and Reciprocal Easement Agreement recorded in Official Records Book 6921, at Page 129, (3) that certain Third Amendment to an Operation and Reciprocal Easement Agreement recorded in Official Records Book 7561, at Page 2125, (4) that certain Fourth Amendment to an Operation and Reciprocal Easement Agreement recorded in Official Records Book 7541, at Page 849 which was re-recorded in Official Records Book 7561, at Page 2125, and (5) that certain Fifth Amendment to an Operation and Reciprocal Easement Agreement recorded in Official Records Book 9664, at Page 451, all in the Public Records of Pinellas County, Florida (collectively the "REA"); WHEREAS, the City owns the real property described on Exhibit "B", attached hereto and made a part hereof (the "City Property"); WHEREAS, pursuant to that certain Covenants, Restrictions, Grant of Easements and Modification of Clearwater Commons Shopping Center Operational and Reciprocal Easement Agreement recorded in Official Records Book 12196, at Page 391, in the Public Records of Pinellas County, Florida (the "Modification Agreement"): (a) the City Property was released from the REA's operation and effect; and (b) both the DDR Property and the City Property were made subject to the Modification Agreement; WHEREAS, the Modification Agreement extinguished an easement for ingress, egress and parking set forth in the REA which burdened the City Property for the benefit of the DDR Property; WHEREAS, Phillies Florida, is the successor in interest to, and assignee of, The Phillies, pursuant to an unrecorded assignment, with respect to the rights and obligations of The Phillies as provided in the Modification Agreement; WHEREAS, DDR desires to obtain from the City and Phillies Florida, and the City and Phillies Florida desire to grant to DDR, an easement upon a portion of the City Property for purposes of ingress, egress and parking; and WHEREAS, the City and Phillies Florida desire to obtain from DDR, and DDR desires to grant to the City and Phillies Florida, an easement upon a portion of the DDR Property for purposes of ingress, egress and parking; AGREEMENT NOW, THEREFORE, in consideration of the premises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The foregoing recitals are incorporated by this reference for all purposes. 2. The Modification Agreement is incorporate therein the defined provided for in this Amendment. hereby modified and amended so as to terms and the respective definitions thereof 3. Section 6(A) of the Modification Agreement is deleted in its entirety and the following is hereby substituted in its place and stead: The City and Phillies Florida, and their respective employees, contractors, agents, tenants, licensees and invitees, and their respective successors and/or assigns (collectively, the "Community Sports Complex Parties"), shall have the right to use and occupy on an exclusive basis, as herein provided, during Events (as such term is defined in that certain First Amendment to Covenants, Restrictions, Grant of Easements and Modification of Clearwater Commons 2 Shopping Center Operational and Reciprocal Easement Agreement [the "First Amendment"] dated on or about , 2009, among DDR, the City and Phillies Florida, which modifies and amends this Modification Agreement) those parking lot areas located on portions of the City Property and the DDR Property as designated and cross-hatched on Exhibit "C" attached to the First Amendment (the "Restricted Parking Area"). DDR for itself and its successors and assigns hereby grants to the City and Phillies Florida for the use of the Community Sports Complex Parties, a non- exclusive perpetual easement for (i) vehicular and pedestrian passage, ingress and egress in, on, over and across the driveways and parking areas of the DDR Property; and (ii) the parking of vehicles in and on the portions of the Restricted Parking Area which are located on the DDR Property, subject to the provisions and limitations provided herein. Additionally, the City and Phillies Florida hereby grant to DDR for its use and for the use of the DDR Parties (as defined in the First Amendment), in common with others entitled to use the same, a non-exclusive perpetual easement for (i) vehicular and pedestrian passage, ingress and egress in, on, over and across the City Property; and (ii) the parking of vehicles in and on the portions of the Restricted Parking Area which are located on the City Property ("DDR Easement") subject to the provisions and limitations provided herein; provided, however, that the DDR Easement shall be immediately suspended during any time in which DDR fails to maintain a tenant in occupancy, operating at least fifteen (15) stores in the southeastern United States. The City shall have the right to terminate the DDR Easement at any time after that date which is the twentieth (20th) anniversary of the date that the First Amendment is recorded in the Public Records of Pinellas County, Florida, but only if, at the time of delivery of the Termination Notice (hereinafter defined), both of the following conditions exist: (a) the City has undertaken the redevelopment of the City Property for a use other than a sports complex and, as part of such redevelopment, the City needs to use the DDR Easement area for a use other than the parking of motor vehicles, and (b) DDR does not have a tenant in occupancy in the DDR Property operating at least fifteen (15) stores in the southeastern United States. In order for the City to exercise the foregoing right to terminate the DDR Easement, the City must deliver written notice thereof ("Termination Notice") to DDR by certified mail, return receipt requested, not less than one hundred eighty (180) days prior to the date that such termination is to take effect, which termination date shall be set forth in the Termination Notice. Further, DDR shall procure and maintain during the terra of the DDR Easement, Comprehensive General Liability Insurance which shall provide: 3 a. Minimum coverage limits of $1,000,000 Per Occurrence Combined Single Limit for Bodily Injury Liability and Property Damage Liability. b. The City of Clearwater and Phillies Florida LLC and its affiliates shall be a named Additional Insureds under said policy of insurance. The policy shall provide coverage for any death, bodily injury, personal injury or property damage that should arise directly or indirectly from performance under this Agreement. c. The insurance coverages and conditions afforded by this policy shall not be suspended, voided, canceled or modified except after thirty (30) days prior written Notice by certified mail, return receipt requested, has been given to the City's Risk Management Office and to Phillies Florida. d. DDR's obligation to carry the insurance provided herein may be brought within the coverage of a "blanket policy" of insurance carried and maintained by DDR; providing, however, the coverages afforded the City of Clearwater and Phillies Florida shall not be reduced or diminished or otherwise be different from that which would have existed under a separate policy meeting all other requirements of this Agreement. e. Certificates of Insurance meeting the specific insurance provisions required in this Agreement shall be forwarded to the City's Risk Management Office and Phillies Florida and approved prior to possession of the easement premises. The parties agree that parking areas on the DDR Property and the City Property, inclusive, without limitation, of the Restricted Parking Area, shall not be permanently segregated, by fencing or other permanent barrier, from. the remainder of the City Property or from the remainder of the DDR Property; provided, however, that during Events, the City, Phillies Florida, or both, may, and are expressly entitled to, temporarily segregate, and restrict and/or block entry to and from, the Restricted Parking Area (including without limitation those portions located on the DDR Property) by cones, pylons, barricades, other traffic control equipment or devices, use of parking personnel, security or police officers, or other temporary method. The City, Phillies Florida, or both, may further charge the general public or invitees with respect to any such Event fees for the privilege of using or parking in or on the Restricted Parking Area (including without limitation the portions thereof located on the DDR Property) during any such Event, and DDR, for itself and its successors and/or assigns, hereby grants to the City and Phillies Florida the irrevocable license so to do. DDR and the DDR 4 Parties shall not use, or have any right of access to or from, the Restricted Parking Area during Events. The foregoing easements shall run with the land, are appurtenant to the DDR Property and. the City Property, as applicable, and shall inure to the benefit of DDR and the DDR Parties and the City and Phillies Florida and the Community Sports Complex Parties, as applicable. It is expressly understood that the City reserves all rights of ownership or use of those portions of the Restricted Parking Area located on the City Property and DDR reserves all rights of ownership or use of those portions of the Restricted Parking Area located on the DDR Property, as well as the other parking areas located on the DDR Property, not inconsistent with the easement rights granted herein. Without limiting the foregoing, nothing in the Modification Agreement or the First Amendment, including, without limitation, the granting of an easement to the City, shall be deemed to be a gift or dedication to the general public or a dedication for any public use or purpose whatsoever. 4. Section 6(B) of the Modification Agreement is hereby amended and restated in its entirety as follows: The City and Phillies Florida during Events at the Community Sports Complex and preparation for or clean-up after such Events, shall use commercially reasonable efforts to prevent persons attending Events from parking on the DDR Property, except for those portions of the Restricted Parking Area located on the DDR Property. Such preventative efforts shall employ (by way of illustration) the use of advance pedestrian and traffic control planning, directional signage, barricades and parking personnel, security, or police officers. If, after an. Event, the Owner of the DDR Property has concerns or requests additional enforcement, the City and Phillies Florida agree in good faith to reevaluate the parking and traffic control measures to be taken in the future and consider (but not be bound by) the concerns and suggestions made in good faith by the Owner of the DDR Property. 5. Section 6(D) of the Modification Agreement is hereby amended and restated in its entirety as follows: After each event at the Community Sports Complex, the City and or The Phillies shall, in a commercially reasonable fashion and in compliance with the standards of the Sports Complex Agreements, clean or sweep all sidewalks, drives and parking areas and remove papers, debris, filth and refuse therefrom on the Home Depot Tract, the Community Sports Complex Easement (including, without limitation, the Restricted Parking Area) and, to the extent such refuse results from a Community Sports Complex event the Common Area and Access Points to the extent necessary to return same to a clean and orderly condition. During such periods of time that the DDR Parties are entitled to use the DDR Easement, the DDR Parties shall, in a commercially reasonable fashion and in compliance with the standards of DDR Property, clean or sweep all sidewalks, 5 drives, and parking areas and remove papers, debris, filth and refuse therefrom on the DDR Easement; provided, however, that the DDR Parties shall have no obligation to perform any sweeping or cleaning that may be required in connection with the use of the Restricted Parking Area by the Sports Complex Parties during any Event. 6. In the event that either the Phillies or the City reasonably believes that it will need to use additional parking areas on the DDR Property for parking motor vehicles during any particular Event in addition to the parking areas in the Restricted Parking Area, then DDR agrees to cooperate with the Phillies and/or the City, as the case may be, to provide for such additional parking on the DDR Property for such Event. DDR, the Phillies and the City each agree to act reasonably and in good faith in cooperating with one another with respect to such additional parking. When requesting the use of such additional parking areas, the Phillies and/or the City shall provide DDR with as much advance notice as is reasonably possible under the circumstances so that DDR can accommodate such request for additional parking. 7. Exhibit "A" to the Modification Agreement is deleted in its entirety and the drawing attached hereto as Exhibit "C" is hereby substituted in its place. 8. The term "DDR Parties" shall mean (a) DDR's employees, contractors, agents, tenants, licensees and invitees, and (b) any person or entity holding any interest in the DDR Property and such person or entity's employees, contractors, agents, tenants, licensees and invitees. 9. The terms "Remaining REA Tracts" and "Home Depot Parcel", as used in the Modification Agreement, shall also mean and include the "DDR Property" and the "City Property", respectively. Capitalized terms not otherwise defined herein shall have the meaning ascribed to such term in the Modification Agreement. The term "The Phillies" as used in the Modification Agreement shall hereafter mean "Phillies Florida". 10. The term "Events" shall mean and include all events that the City or Phillies Florida, or both, in their sole discretion, conduct in the Community Sports Complex, a portion of which is located on the City Property, for which the City and/or Phillies Florida exercise the exclusive use of the Restricted Parking Area for the parking of motor vehicles. For the purposes hereof and of the Modification Agreement, the term "Event" shall include the period of time commencing three (3) hours prior to the scheduled commencement time, and ending one (1) hour after the conclusion, of any such Event. 11. Except to the extent modified by this Amendment, all other terms and conditions set forth in the Modification Agreement shall remain in full force and effect. In the event of a conflict between the terms and conditions of this Amendment and the terms and conditions of the Modification Agreement, this Amendment shall prevail. 6 IN WITNESS WHEREOF, DDR the City and Phillies Florida have executed this Amendment as of the date first set forth above. DDR SOUTHEAST CLEARWATER DEVELOPMENT, L.L.C., a Delaware limited liability company By: Timothy J. BruX/PXecut.ive Vice President __` F[ZAL-D '7)^1/e-, (Print Name) R.. C h it ;& &L (d+ &- _- (Print Name) STATE OF OHIO ) ) SS: COUNTY OF CUYAHOGA ) FORE ME, a Notary Public in and for said County and State, personally appeared r o J . known to me to be the of DDR Southeast Clearwater Development, L.L.C., the limited liability company that executed the foregoing instrument, who acknowledged that he/she did sign the foregoing instrument for and on behalf of said limited liability company being thereunto duly authorized, and that the same is his/her free act and deed as such officer and the free at and deed of said limited liability company. IN WITNESS WHEREOF, I have hereunto set my hand and official seal at Beachwood, Ohio this AVdday of d '2009. ?11r?lyMN gem of Ohio 400bel61ee: ummit up 0800h "Expires NWh 1, 2814 . J ary Public CITY OF CLEARWATER, FLORIDA Countersigned: By: By: ame: Frank V. Hibbard Name: William B. Horne II Its: Mayor Its: City Manager APP VE AS TO FORM: aura Mahony Assistant City Attorney STATE OF FLORIDA) COUNTY OF PINELLAS ) ATTEST BEFORE ME, a Notary Public in and for said County and State, on the Z& day of 2009, personally appeared Willim B. Home II known to me to be the City ager of the City of Clearwater, Florida, a body corporate and politic of the State of Florida, on behalf of the City. He/she is personally known to me or ? has produced as identification. (SEAL) Notary Public DIANE E MANNI MY COMMISSION# N DD5 DD526033 STATE OF FLORIDA) OF%% EXPIRES: Mar. 6.2010 107199&0153 Malda Noisy SaMca.aam COUNTY OF PINELLAS ) BEFORE ME, a Notary Public in and for said County and State, on the •,? day of 2009, personally appeared Frank V. Hibbard known to me to be the Mayor of City of Clearwater, Florida, a body corporate and politic of the State of Florida, on behalf of the City. He/she is personally known to me or ? has produced as identification. (SEAL) Notary Public DIANE E MANNI MY COMMISSION * DDS26W3 OFVU EXPIRES: Mar.6.2010 998-0163 FWda Halsey Sw4k*= ATTEST: l?i GLiA M hAt &AR(Print Name) SR, r/° t sc'C y COMMONWEALTH OF PENNSYLVANIA ) ) SS: COUNTY OF PHILADELPHIA ) PHILLIES FLORIDA LLC, A Delaware limited liability company By: THE PHILLIES, a Pennsylvania limited partners i , Its sole member By: a Name: David P. Mo ome Its: General Partner Before me, a Notary Public in and for said County and Commonwealth, personally appeared David P. Montgomery, known to me to be the General Partner of The Phillies, a Pennsylvania limited partnership, which is the sole member of Phillies Florida LLC, a Delaware limited liability company, that executed the foregoing instrument, who acknowledged that he did sign the foregoing instrument as General Partner of the sole member, for and on behalf of said limited liability company, being thereunto duly authorized, and that the same is his free act and deed and the free act and deed of said limited liability company. IN WITNESS WHEREOF, I have hereunto set my hand and official seal at Philadelphia, Pennsylvania this day of -m A 2009. Notary Public COMMONWEALTH OF PENNSYLVANIA Nat" Seal Wendy S. Rossett, NoWy Public City d Philadelphia, Phladelphis County MY Commission Expires May 2, 2013 Member, Pennsylvania Association of Notaries EXHIBIT A Parcel 1 Lot 4, THE CLEARWATER COLLECTION SECOND REPLAT, a subdivision according to the plat thereof recorded in Plat Book 107, Page 24 of the Public Records of Pinellas County, Florida, LESS and except those portions thereof conveyed, taken or used for U. S. Highway 19. Parcel 2 Lots 2 and 3, THE CLEARWATER COLLECTION SECOND REPLAT, according to plat thereof recorded in Plat Book 107, Pages 24 and 25, of the Public Records of Pinellas County, Florida, LESS and except road right-of-way for U. S. Highway 19, abutting said parcel on the East. Lot 1, THE CLEARWATER COLLECTION SECOND REPLAT, according to plat thereof recorded in Plat Book 107, Pages 24 and 25, of the Public Records of Pinellas County, Florida. 10 EXHIBIT B Lot 1, THE CLEARWATER COLLECTION SECOND REPLAT, according to plat thereof recorded in Plat Book 107, Pages 24 and 25, of the Public Records of Pinellas County, Florida. LESS AND EXCEPT that portion of said Lot 1 taken in fee simple, designated as Parcel 120 by Case No. (Eminent Domain) 99-4965-C1, as evidenced by that Lis Pendens recorded in Official Records Book 10598, Page 2406; Stipulated Order of Taking & Final Judgment recorded in Official Records Book 10714, Page 617; Stipulated Order of Taking and Final Judgment recorded in Official Records Book 10714, Page 620; Stipulated Order of Taking and Partial Final Judgment recorded in Official Records Book 10714, Page 624; Stipulated Order of Taking and Final Judgment recorded in Official Records Book 10714, Page 628; Order of Taking recorded in Official Records Book 10741, Page 2041; Stipulated Final Judgment recorded in Official Records Book 1161, Page 1495; and Amended Order of Taking and Stipulated Final Judgment recorded in Official Records Book 11704, Page 1408, Public Records of Pinellas County, Florida. 11 EXHIBIT C IOWA= G Cleal'aterr Fla (ON Oit6v a-wim[' D4.. k CIS h7fR 12 Doc ?::. - Ver 3