MAINTENANCE AGREEMENTMAINTENANCE AGREEMENT
This Agreement is made and entered into as of the Q04k day
Of3r,uar-/ , 2010, by and between iStar Financial, Inc. D/B/A 628 East
Cleveland Street - Clearwater, LLC ("Condo"), Station Square Condominium
Association, Inc. ("Association"), and the City of Clearwater, Florida ("City"),
WHEREAS, Condo is the current owner of property located at 628 E.
Cleveland St., which is otherwise known as the Station Square Condominiums,
and the property is located in Clearwater, Pinellas County, Florida; and
WHEREAS, Station Square Condominium consists of residential
condominiums, retail condominiums and a parking condominium unit, together
with ninety-nine (99) limited common elements appurtenant to the parking unit,
which parking unit and limited common elements consist of one hundred (100)
public parking spaces (collectively the "Parking Spaces"); and
WHEREAS, the City is the owner of the Parking Spaces, pursuant to a
Contract for Purchase and Sale between Condo's predecessor in interest,
Station Square Clearwater Condo, LLC, and the City; and
WHEREAS, the Parking Spaces are contained on the first two levels of
the parking garage contained within Station Square Condominiums (as reflected
in the plot plan of the Declaration of Condominium of Station Square
Condominiums); and
WHEREAS, the parties desire to clarify the maintenance responsibilities of
the City and the Association as they relate to the one parking condominium unit
owned by the City and the 99 limited common elements appurtenant thereto.
Now, therefore, in consideration of the mutual promises and covenants
hereinafter contained, the parties agree as follows.
1. Recitals. The recitals contained hereinabove are true and accurate
and are incorporated herein as if fully set forth herein.
2. Maintenance Responsibilities and Budge . Supplemental to the
maintenance responsibilities as provided for in the Declaration of Condominium,
as amended, the maintenance responsibilities of the City and the Association for
the one parking condominium unit, the 99 limited common elements related
thereto and the City's portion of maintenance of the general common elements of
the condominium shall be as provided for by the terms of this Agreement. The
parties agree that this Maintenance Agreement (Agreement) be in effect from the
Page 1 of 5
date entered into above until December 31, 2010, and the maintenance
responsibilities and budget shall be as follows:
a. In addition to maintenance of the common elements as set forth
in Exhibit "A", attached hereto and incorporated herein, the Association shall be
responsible for all of the general maintenance associated with the one parking
unit and the 99 limited common elements appurtenant thereto (the "Parking
Spaces") including utilities, electrical systems, fire prevention and monitoring,
ventilation, stairwell doors and hardware, elevators maintenance, generator
systems, and daily maintenance as more particularly described in Exhibit "B"
attached hereto and incorporated herein.
b_ Within the Parking Spaces, the City shall be responsible for
public parking/directional signage and markings, upkeep and maintenance of
Pay Stations, ballards, directional mirrors and re-striping of the parking spaces,
if necessary. Additionally, the City shall pay for electrical service to its Pay
Stations.
c. The City's obligation for its share of the common expenses
associated with maintenance of the common elements and limited common
elements as provided for above, shall be as set forth on the budget attached
hereto as Exhibit "A."
d. The Association budget may be amended at the annual meeting
of the Association or any special meeting called for the purpose of amending the
budget, upon proper notice to all condominium unit owners.
3. Binding Effect. This agreement shall be binding upon the parties,
their successors and assigns.
4. Counterparts. This document may be signed in counterparts.
[The remainder of this page has intentionally been left blank.]
Page 2 of 6
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed on their behalf:
iStar Financial, Inc. d/b/a/ 628 East Cleveland Street - Clearwater, LLC, a Florida limited
liability company
By: i -4 giz AAStokes, SvVicleh-President, iStar Financial, Inc.
STATE OF
COUNTY OF
The foregoing instrument was acknowledged before me this 3 ow- day of
i ec . M -e R-- , 2007, by j zb S-?b s , as Vice President of iStar
Financial, Inc. d/b/a/ 628 East Cleveland Street - Clearwater, LLC, a Florida limited liability
company, on behalf of the company, (who is personally known to me or ( ) who produced
as identification.
?L/ )1
?EI.LEy Notary Public
My commission expires:
(SEAL)
*Woeorm
Forsyth COWRY.
.y GEORGIA G
?TAAY P
Page 3 of 5
Station Square Condominium Association, Inc., a Florida corporation
By: 6 ?ta
*e ATreasurer, Sta ion Square Condo. Association, Inc.
STATE OF FLGR49A:? +-
uPfon
COUNTY OF PIN
The foregoing instrument was acknowledged before me this 3 b41--day
of eteknhp y- , 2009, by Lizbeth A. Stokes, as Treasurer of Station
Square Condominium Association, Inc., a Florida corporation, on behalf of the
corporation, (who is personally known to me or ( ) who produced
as identification.
Notary Public
My commission expires:
00 ?E p(SEAL)
/jam
Q OW0006680'1
CL
y GEORGIA
RY PV?
Page 4 of 5
CITY OF CLEARWATER, FLORIDA
By:
William B. Horne
City Manager
Camilo A. Soto
Assistant City Attorney
Attest:
iinthia E. Goudeau
Clerk `,t,?SEALoF
ell
VIP
RN
STATE OF FLORIDA:
COUNTY OF PINELLAS:
The foregoing instrument was acknowledged before me this lam' day
of 0 , 20 lo, by William B. Horne, City Man?r of the City of
Clearwater, on behalf of the City as a municipal corporation, ( ) who is
personally known to me or ( ) who produced
as identification.
Notary Public
My commission expires:
(SEAL)
SANDRA HARRIGER
MY COMMISSION # DD733691
rX IRES: January OA. 2012
(9- !l. Ndsry oiscount Assoc. Cn.
Page 5 of 5
STATION SQUARE CONDO ASSOC
2010 Proposed Budget by Category
01/01/2010 - 12/31/2010
11.7659935% 3.3604821% 84.8735244% 100.0000000%
PARKING RETAIL RESIDENTIAL TOTAL
DESCRIPTION BUDGET BUDGET BUDGET BUDGET
EXPENSES
Maintenance and Repair
General Maintenance 11,748 11,748
Grounds 4,200 4,200
Janitorial 6,240 6,240
Window Cleaning 7,200 7,200
Booster Pumps 1,200 1,200
Generator 204 60 1,512 1,776
Pool 3,480 3,480
Fitness Equipment 600 600
Exterminating 1,200 1,200
Elevator-Tower 11,124 11,124
Elevator-Retail/Parking 2,778 2,778 5,556
Fire Alarm Monitoring 564 156 4,080 4,800
Maintenance Salaries 3,000 864 21,684 25,548
Surveillance Equipment 288 84 2,028 2,400
Fire Alarm/Equipnnent 492 144 3,516 4,152
TOTAL Maintenance and Repair 7,326 4,086 79,812 91,224
Utilities
Electric 10,236 2,928 73,860 87,024
Water & Sewer 108,000 108,000
Trash 348 96 2,556 3,000
Telephone 408 120 2,952 3,480
Pool Gas 1,680 1,680
Cable Television 18,672 18,672
TOTAL Utilities 10,992 3,144 207,720 221,856
Page 1 of 2
EXHIBIT "A"
STATION SQUARE CONDO ASSOC
2010 Proposed Budget by Category
01/01/2010 -12/31/2010
11.7659935% 3.3604821% 84.8735244% 100.0000000%
PARKING RETAIL RESIDENTIAL. TOTAL
DESCRIPTION BUDGET BUDGET BUDGET BUDGET
Administrative
Professional Fees 108 36 756 900
Miscellaneous Admin 300 84 2,136 2,520
Insurance 30,300 8,652 218,568 257,520
Fees to Division 60 12 444 516
Licenses & Permits 108 36 756 900
Management Fees 2,400 684 17,316 20,400
TOTAL Admdrziwradve 33,276 9,504 239,976 282,756
TOTAL OPERATING EXPENSES $ 51,594 $ 16,734 $ 527,508 $ 595,836
RESERVES
Painting 2,580 732 18,576 21,888
Rooting 1,008 288 7,236 8,532
Paving 1,272 1,272
Security Equipment 684 192 4,980 5,856
Fitness Equipment 720 720
Booster Pump 2,088 2,088
Fire Alarms 504 144 3,672 4,320
Pool 3,648 3,648
Elevator 2,496 2,496
Elevators-Retail/Parldng 612 612 1,224
Generator 240 72 1,764 2,076
Furniture & Fixtures 7,764 7,764
HVAC Equipment 8,688 8,688
TOTAL RESERVES S 5,628 $ 2,040 $ 62,904 S 70,572
TOTAL EXPENSES $ 57,222 S 18,774 $. 590,412 $ 666,408
Page 2 of 2
EXHIBIT "A"
Exhibit "B"
Station Square Condominium Association
General Maintenance Responsibilities
Utilities: Electric, Water, Sewer, Garbage and Telephone
Maintenance
Replacement of lamps or bulbs
Replacement or repair of electrical fixtures
Replacement or repair of the general electrical system
Replacement or repair of fire extinguishers
Replacement or repair of the fire standpipe / alarm monitoring system
Replacement or repair of the ventilation system
Replacement or repair of stairwell doors and hardware
Replacement or repair of elevator service / routine preventive
maintenance
Replacement or repair of generator system/service
Routine Vaccuum / Power sweeping - as needed
Routine Power / Pressure washing - as needed
Daily Maintenance:
Sweeping and general maintenance of trash and debris in garage and all
stairwells.
Cleaning elevator cab and foyer areas
Empty / clean trash receptacles to be installed by developer