SECOND AMENDMENT TO SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT
,-' ~ ' :
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PREP ARED BY AND WHEN RECORDED
ftnT~~'d; 1'0:
Stephen J. Szabo, Esquire
Foley & Lardner LLP
100 N Tampa Street, Suite 2700
Tampa, Florida 33602
KEN BURKE, CLERK OF COURT
S COUNTY FLORIDA
r~~~~~007082451 03/09/2007 at 02:10 PM
OFF REC BK: 15677 PG: 1520-1553
DocType:AGM RECORDING: $290.50
--~------------------------'--
SECOND AMENDMENT TO SECOND AMENDED AND REST A TED DEVELOPMENT
AGREEMENT FOR PROPERTY IN THE CITY OF CLEARWATER
BETWEEN
THE CITY OF CLEARWATER, FLORIDA
AND
CRYSTAL BEACH CAPITAL, LLC,
A FLORIDA LIMITED LIABILITY COMPANY
DATED AS ()\~ & , 2007
TAMP _514895.3
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THIS SECOND AMENDMENT TO SECOND AMENDED AND REST A TED
DEVELOPMENT AGREEMENT (the "Amendment") is made as of this ~ day of
~JA , 2007 (the "Effective Date"), by and between THE CITY OF CLEARWATER,
FLORIDA, a Florida municipal corporation (the "City") and CRYSTAL BEACH CAPITAL,
L.L.C., a Florida limited liability company (the "Developer").
WITNESSETH
WHEREAS, the City and Beachwalk Resort, LLC, Developer's predecessor in title,
are parties to that certain Second Amended and Restated Development Agreement as
recorded in O.R. Book 13996, Page 2409, Public Records of Pinellas County, Florida, as
subsequently amended by that certain First Amendment to Second Amended and Restated
Development Agreement dated February 1, 2006 (together, the "Development Agreement");
and
WHEREAS, to insure and execute the City's goals of revitalizing Clearwater Beach
in accordance with Beach By Design, the City has imposed certain restrictions upon the
Developer and individual Unit Owners as detailed in the Development Agreement and the
exhibits attached thereto; and
WHEREAS, the City and the Developer desire to amend certain terms and provisions
of the Development Agreement, as more fully set forth herein below.
NOW, THEREFORE, in consideration of the sum of$lO and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the City and the
Developer agree as follows:
1. Recitals. The foregoing recitals are true and correct and are incorporated
herein by reference.
2. Capitalized Terms. Capitalized terms not otherwise defined in this
Amendment shall have the meaning ascribed to such terms in the Development Agreement.
3. Definition of Garage Access Improvements. The definition of Garage Access
Improvements is amended as follows: "Garage Access Improvements" means the
stairwell(s), landing(s), arcade, elevated sidewalk, and facilities to provide concessions along
the western facade of the Project (but not within the resort building) providing access to the
proposed garage which garage shall include at least four hundred (400) parking spaces as a
part of the Project which are to be available to the general public, as more particularly
described on Exhibits H and L. The Garage Access Improvements shall be owned and
maintained by the Developer in accordance with operating standards compatible with the
Hotel.
4. Section 5.04. paragraph 7 is amended as follows:
Concessions. The City shall grant the Developer authority to
operate concessions on land to the west of the existing
centerline of South Gulfview Drive, adjacent to the Project site,
subject to any existing franchise or concession rights and
compliance with all requirements of the City Code, and subject
to a license agreement to be approved by the City, substantially
. ,
in the form as Exhibit K. The license agreement shall be for a
term of 50 years, commencing on the date the facilities are
available for use, and be subject to a right of termination by the
City for an uncured breach of a material obligation by the
Developer. Such concessions may include a facility open to the
public which provides towels, lockers, minimal beach sundries,
and other beach gear required to operate a first-class beach
hotel, but not including benches, lounges, umbrellas and side
tables. The concession facility shall be no more than 1,200
square feet, MOL, be no higher than one story and shall not
display the name Hyatt or any other hotel-related mark on the
structure of the facility. Additionally, the persons working
within the facility shall wear no pins or other identification
bearing the name Hyatt or any other hotel-related mark. Such
facilities shall be constructed in the location as more
particularly depicted on Exhibit H.
Notwithstanding the foregoing, in regard to beach chairs,
lounges, umbrellas, side tables and the level of services
associated with the provision thereof ("Beach Concessions"),
the City shall retain the right to utilize a concessionaire to
provide said Beach Concessions. The City agrees that the City
concessionaire shall offer the Beach Concessions which
comply with the standards set out on Exhibit L, attached hereto
and made a part hereof. If the City's franchisee fails to comply
with the standards in Exhibit L Developer may send written
notice to the City specifying the non-compliance, after which
the City has thirty (30) days to cure said non-compliance. In the
event that the non-compliance is not cured within thirty (30)
days, the City agrees that the Developer may thereafter provide
the Beach Concessions and shall retain all income derived
therefrom. If the Developer assumes control of the Beach
Concessions, Developer shall have a five year term to operate
the Beach . Concessions, subject to the provisions hereinbelow.
The Beach Concessions may be located only on that portion of
the beach directly west of the Project Site and as defined by
two parallel lines running from the northern-most boundary of
the project and the southern-most boundary of the project west
to the mean high water mark.. Further, there shall be no
indication or branding on chairs, tables, umbrellas or other
similar items sold or rented from the concession facility bearing
the name Hyatt or any other hotel-related mark. If the
Developer assumes control of the Beach Concessions, and the
City receives documented complaints that the Beach
Concessions are being denied to non-hotel guests, or if
Developer fails to comply with the standards set out in Exhibit
L, the City may send written notice to Developer specifying the
non-compliance. In the event that the non-compliance is not
cured within thirty (30) days, the City may take back the Beach
Concessions.
, ,
5. Section 5.04, Paragraph 11. Section 5.04, Paragraph 11 is deleted in its
entirety and replaced with the following:
"Garage Access Improvements. The Developer shall be
responsible for the design, construction and funding of the
Garage Access Improvements. The City agrees to grant to the
Developer an easement for the construction, use and occupancy
of the Garage Access Improvements."
6. Floor Plans and Elevations. The floor plans and elevations attached to the
Development Agreement and recorded in Official Records Book 13996, Pages 2471 through
2491 are deleted in their entirety and replaced with the floor plans and elevations attached
hereto as Exhibit "8."
7. Approvals and Permit Lists. Exhibit "G" of the Development Agreement is
amended to delete the following: "Pedestrian Bridge, Elevated Walk & Beach Elevator
Public Service Facility (building permit)" and insert in lieu thereof the following: "Building
Permit for Landing, Arcades, Elevated Sidewalk and Facilities and Concession Building."
8. Beach Walk Public Improvements. Exhibit "H" of the Development
Agreement as recorded in Official Records Book 13996, Page 2504 is deleted in its entirety
and replaced with Exhibit "H" attached hereto and incorporated herein by reference.
9. License Agreements. Exhibit "K" of the Development Agreement is hereby
amended to delete all references to "Elevated Beach Access Facility" as described therein.
SIGNATURE PAGES TO FOLLOW
IN WITNESS WHEREOF, the parties hereto have set their hands and their respective
seals affixed as of the date set forth in the first paragraph ofthis Amendment.
THE CITY OF CLEARWATER,
FLORIDA
By: ~
illiam B. Home II, City Manager
Frank V. Hibbard, Mayor
Attest: By:
By:
Approved as to form:
Pamela K. Akin, Esquire
City Attorney
STATE OF FLORIDA )
)
COUNTY OF PINELLAS )
~
The foregoing instrument was acknowledged before me this (, day
of Ma-. ~ , 2007 by Nc.nIt.. V. U;l:b:ud and~.... ~e Mayor and the City
Clerk, respectively, for the City of Clearwater, Florida, on behalf ofthe City.
..~~~L~~~~ Karen B. Vaughan
f~ 'JA "'1~ Commission # 00500919
~:'4'.~.::e1 Expires December 20, 2009
":f,ff;~~' B~ TIOY Fa.. In_" ill. 1lQO."~7019
~~~
Notary Public - Signature
Print Name: ~<Zil~ '-Ja.t..4..~~
My Commission Expires: l?T /(j'b /00,
[SIGNATURES CONTINUED ON NEXT PAGE]
4
TAMP _514895.3
(Witness Signature)
Print Name:
Signed, sealed and delivered
in the presence of:
(Witness Signature)
Print Name:
STATE OF FLORIDA
COUNTY OF HILLSBOROUGH
The foregoing instrument was acknowledged before me this 22.. day of h.J,Yc.(tlf'~,
2007, by Neil J. Rauenhorst, manager ofNJR Development Company, L.L.C., sole manager
of Crystal Beach Capital, LLC, a Florida limited liability company, on behalf of the
companies.. He [select one:]
i-I) is personally known to me;
or
( ) produced a Florida driver's license as identification
"tlI-Y P(f-t. NotalY Pl.ltllic State of Florida
!~ '1: Nata.lie Gomez
\. ~,; My Commission DD576921
0' ,,0 Explre~ 07/23/2010
-""""""=,~~r.=,'-"=_ .
N~~bl' I~
otary Pu IC - SIgnature
Print Name: Na.../-d./Il:_ 6cm t? ~
My Commission Expires: () 7 /23} 2-.0 I D
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CLEARWATER BEAal, FlIlRIDA.
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AQUALEA RESORT AND RESIDENCES
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Exhibit "H"
Beach Walk Public Imorovements
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