MAINTENANCE AGREEMENT (3)MAINTENANCE AGREEMENT
This Agreement is made and entered into as of the 22°d day of December , 2011,
by and between iStar Financial, Inc. DB/A 628 East Cleveland Strcet — Clearwater, LLC
("Condo"), Station Square Condominium Association, Inc. ("Association"), and the City of
Clearwater, Florida ("City"),
WHEREAS, Condo is the current owner of properiy located at 628 E. Cleveland St.,
which is otherwise known as the Station Square Condominiums, and the properiy 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 991imited
common elements appurtenant thereto.
Now, therefore, in consideration ofthe 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 Budget. Supplemental to the maintenance
responsibilities as provided for in the Declaration of Condominium, as amended, the maintenance
responsibilities ofthe City and the Association far the one parking condominium unit, the 99
limited common elements related thereto and the City's portion of maintenance ofthe general
common elements of the condominium shall be as provided for by the terms of this Agreement. The
parties agree that this Maintenance Agreement (Ageement) be in effect from the
date entered irrto above until December 31, 2012, and will automatically renew in one-year
increments with the submission ofthe following year's annual budget and the maintenance
responsibilities and budget shall be as follows:
a. In addition to maintenance ofthe common elements as set forth in Exhibit "A",
attached hereto and ir�corporated herein, the Association shall be responsible for all of the general
maintenance associated with the one parking unit and the 991imited 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 particulazly described in E�ibit "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 murors 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 elemerns and limited common elements as proviclad for above, shall
be as set forti� 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, upcm proper notice
to all condominium unit owners.
3. Bindin� Effect. This agreement shall be binding upon the pazties, their successors
and assigns.
4. Counternarts. This document may be sigr�ed in colmterparts.
(The remainder of this page has intentionally been left blank.]
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 Delaware limited
liabil' any
By: �-- _
arker, Ass i te
STATE OF GEORGIA
COUNTY OF FULTON
The foregoing instrument was acknowledged before me this 22"d day of
December, 2011, by Joseph Harker, as Associate of iStar Financial, Inc.
d/b/a/ 628 East Cleveland Street — C learw er, LLC, a Delaware limited liability
company, on behalf of the company, who is (�ersonally known to me or
( ) who produced as identification.
,:��me
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Notary Publi :�fit.�C - .-z
Name: Kim ly Tewksbury
My commission expires: November 19, 2012
(SEAL)
CITY OF CLEARWATER, FLORIDA
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Apg�Fove�( as
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Camilo A. Soto
Assistant City Attorney
STATE OF FLORIDA:
COUNTY OF PINELLAS:
Attest: ����:�L�XQ� rC� ��C
Rosemarie Call
City Clerk
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The fore oing instrument was acknowledged before me this �!'1 day
of �,��,�,� , 20�1 , by William B. Horne, City Manager of the City of
Clearwater, on behalf of the City as a municipal corporation, (� who is
personally known to me or () who produced
5ANDRA HARRIGER
MY �C�MMISSION # DD733691
��1RES: January 04, 2012
4- H�S:a"�.4�ki��. �eU Ci- NMUS' Ditcount AssoG. CA.
as identification.
,
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Notary Public
My commission expires: ��`���2.-
(SEAL)
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DESCRIPTION
EXPENSES
Maintenance and Repair
General Maintenance
Grounds
Janitorial
Window Cleaning
Booster Pumps
Generator
Pool
Fitness Equipment
Exterminating
Elevator-Tower
Elevator-Retail/Parking
Fire Alarm Monitoring
Maintenance Salaries
Surveillance Equipment
Fire Alarm/Equipment
TOTfiL Maintenance and Repair
Utilities
Electric
Water & Sewer
Trash
Telephone
Pool Gas
Cable Television
TOTAL Utilities
STATION SQUARE CONDO ASSOC
2012 Approved Budget by Category
O1/Ol/2012 - 12/31/2012
11.7659935%
PARKING
BUDGET
480
3,222
720
4,176
288
792
9,678
3.3604821 %
RETAIL
BUDGET
132
3,222
204
1,188
84
228
5,058
9,600 2,748
864 240
444 132
10,908
Page 1 of 3
EXHIBIT "A"
3,120
84.8735244%
RESIDENTIAL
BUDGET
30,408
3,300
23,556
3,600
3,600
3,456
5,760
600
1,800
12,876
5,232
30,132
2,028
5,676
132,024
69,252
133,236
6,216
3,204
2,904
35,268
250,080
100.0000000%
TOTAL
BUDGET
30,408
3,300
23,556
3,600
3,600
4,068
5,760
600
1,800
12,876
6,444
6,1.56
35,496
2,400
6,696
146,760
81,600
133,236
7,320
3,780
2,904
35,268
264,108
DESCRIPTION
Administrative
Professional Fees
Audit & Accounting
Miscellaneous Admin
Insurance
Fees to Division
Licenses & Permits
Management Fees
TOTAL Administrative
TOTAL OPERATING EXPENSES
RESERVES
Painting
Roofing
Paving
Security Equipment
Fitness Equipment
Booster Pump
Fire Alarms
Pool
Elevator
Elevators-Retai IlParking
Generator
Furniture & Fixtures
HVAC Equipment
TOTAL RESERVES
TOTAL EXPENSES
STATION SQUARE CONDO ASSOC
2012 Approved Budget by Category
O1/Ol/2012 - 12/31/2012
11.7659935%
PARKING
BUDGET
24
708
324
24,924
60
72
2,400
28,512
$ 49,098
3.3604821 %
RETAIL
BUDGET
204
96
7,116
12
24
684
8,136
84.8735244%
RESIDENTIAL
BUDGET
144
5,088
2,340
179,784
444
504
17,316
205,620
100.0000000%
TOTAL
BUDGET
168
6,000
2,760
211,824
516
600
20,400
242,268
$ $ 587,724 $ 653,136
16.314
2,520 720 18,156 21,396
972 276 7,008 8,256
1,152 1,152
636 180 4,584 5,400
684 684
1,908 1,908
492 144 3,576 4,212
3,516 3,516
2,424 2,424
612 612 1,212
240 72 1,716 2,028
7,008 7,008
8,376 8,376
$ 5,472 $ 2,004 $ 560,108 $ 67,572
$ 54,570 18318 $ 647,832 $ 720,708
Page2of3
EXHIBIT "A"
4onthly �taintenance Fees
JnttOw�ine: UnitNumBers
0.38377i5% srn
0.54i7423°/a �66A
Q.5437424°/a �ae,eoe.iion.i�os.�aoa
0.54224t}4% voe
0.5694733% ini,sui,m�,iao[,i€oi,iaoi.�ao�
0.5843291% ba3,ao3,tm,00s,�oos,3�oa.izn3.!�a
0.58779549'o G72.712,912JOti,ltl2,7211,1"a[T
O.S877953°/a Yt2
0.608U4&4% 774:814,919.1914.1ti4,12i4.13f<
0.£298869% m�.sm,vu�.iaU�.i�o�.�za�,�ao�
0.63bS245% so�
0.6972334% eoe
0.7021853% 605.79},qp5,995,J�5,ilO3.t205,L.'(35
0.722983AJe 709.809.909,1MN.i109.7209.1i09
O.i3090G6% >o�,soz.voz,iooi.iiozrxaa.3�oz
O.i348681% wz
0.7313d41% eiu,710.810,91D.10lO,uro,i?to.rio
0.73982004'0 606,706.&:W,406,ID06,11n6.fI06,J30K
0.76309d2% 473,Tf3,813,91:,10t3,i1C3,t?131;U'
0.&10737t96 aa,�o4,tms.soa,iooa.i�ua.t?oa.t:wn
0.9D3724346 sn
D.91908i13% ��i.aF�,s�i,io�i.��u,�z�i,�st�
1.0235663% �aos,isoz
1.080415�°h c3o�
1.080018d°..5 t<oa
1.]b86582% iao;.iso;
1.2042641°lo taol.lsot
1.2647258% iaos.isos
1.267b970% iaos,�sos
�.z���os��i ,4o�.�so�
13989234% t4on,t7w
2.3704�da% ioi
2.3584990% l02
0,12J.81'78% Pix�np um�
STATION 5QCfARE COI�IDb A$SOC:
2022 JVlninieasnce Fee
OtlQ}ISOl2 - 12f31IZU1.�.
Dwned Units
)
1
5
i
7
S
7
1
7
7
7
7
S
1
7
1
8
8
R
8
1
3
2
i
i
2
2
2
z
,
2
1
1
]
i29
Approved
ioiz
BUDGET
203.t FULI.Y FUNDE�
BITDGE3' RESEi{t�S
E 241.92 S 213.44
S 285.94 S 3U4.73
5 285.04 S 306.73
E 285.30 i 1Ufi.Otk
$ 299�3 � 31b.t2
S 307.A4 S J24.3 i
� 30927 S 325.29
x 30� z? s szb.�s
$ 319.95 S 337.56
fi 33i.A3 S 349.6fi
A 33A.89 $ 35].23
5 3Gb.85 S i87.09
S 3G9,45 S 3%9.79
S 3SU.�0 5 AO[.3d
S 38A.5? 5 dU5.73
$ 38b.55 S 407.93
5 387.93 S 409.31
$ 389.2b 5 41.0.68
$ 40 L.Sr1 3 423.fi0
$ �i26.25 5 1Fd9.72
$ 475.50 x 501.6?
5 483i7 E 510.99
$ :38.55 S 56R. i 9
S Sb8.25 S 599.53
$ Sb8.:5 S i99.53
S bi4.S9 S 6d3.93
$ ti3b.?5 $ 67727
$ 665.dd $ 702.96
S �6;+.0o s ?43.;i
s b��.�s s �os.v�
3 �3b.04 S 774.54
$ 1,24',.2d � t.3i3.$9
S 1,214.i4$ $ 1,2$7.42
S 64.04 S 67.52
Page 3 of 3
EXHIBIT "A"
Annual
Check •/. Assesmeat
03$37955% S 2,S56.DU
U i417423°/u S 3,b1)9,�
2.7U8712U'Yo S i8.U44.00
0.54229f)I% 3 3.612.00
39$63131% 4 2b,554,(XI
4.4715318% S 3l,]44.40
4.l]4567$°.4 S 27,d0$.UG
4.5&7J95596 S 3,973.UU
d.256b&88".� � 2N,355.OD
4.A092D63�% i 29,37I.00
4.b3b3Z45°l S d139.0[�
4.b9�72334% S d,546.OD
S.bl'7482455 � 37_d20.W
3.46U8838% � 33,7i3.06
5.[1b3�6?% S 3d,O81.UD
0.73a86R19'o S d,893,00
5.895?32890 x 39,394.0�
3.91R5600°o R 99,d2i.00
K.IOd?S36'Sn R 411.6b6.00
6.4$11(Ni&°% 5 �l?,173.00
0.9�3?293a. � 6,020.00
ti.d335b?1 a S 43,856.W!
2.t1d7132b°1e $ 13,G37.01i
1.08flilti$he S i,344.Q0
1.0800184Mo S i.149.00
2337316A% S F<.57fl.(10
?AESS?$2eb $ t6;it0_00
2.52945t6% $ fb,&F9.00
2.53539Q0'�o 3 1b.889.00
zssait�aa,� s t�,ote.on
2.79�8468'Yo S 1$.b3Z09
2.39A4944°h S 13,791.09
2_318499Q9'� � 75,444A9
U.321E17836 5 811.00
190.00OUO�"Ao S bG6,130.09
F� Diff
56b,132 (2)
E�ibit "B"
��i�i � � • ���� ;u i �:���n�i .�.
.ii�:i�i�•':.���i, i ;i:.
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