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07-10 RESOLUTION 07-10 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA APPROVING THE SECOND AMENDMENT TO THE SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF CLEARWATER AND CRYSTAL BEACH CAPITAL, LLC.; PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Clearwater and Crystal Beach Capital, LLC, successor in interest to Clearwater Seashell Resort, LLC, parties to a Development Agreement previously approved by Resolution No. 01-06, modified by Resolution No. 04-35 and by Resolution No. 05-40, desire to further modify said Agreement; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. The Second Amendment to the Second Amended and Restated Development Agreement between the City of Clearwater and Crystal Beach Capital, LLC., a copy of which is attached as Exhibit "A", is hereby approved. Section 2. Pursuant to S 163.3239, Florida Statutes (2006), the City Clerk is hereby instructed to record the Amended Development Agreement with the Clerk of the Circuit Court in Pinellas County within fourteen (14) days of execution, and to send a copy of the recorded Development Agreement to the state land planning agency within fourteen (14) days after it is recorded with the Clerk of the Circuit Court. Section 3. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this fS+ day of (l'\.u.A,~ .2007. 4~ !/ IIft-e, f.rcfnk V. Hibbard Mayor Approved as to form: ~Ia K. Akin City Attorney Attest: ~ L. Resolution 07-10 . .. PREP ARED BY AND WHEN RECORDED RETURN TO: Stephen J Szabo, Esquire Foley & Lardner LLP 100 N Tampa Street, Suite 2700 Tampa, Florida 33602 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 Exhibit "A" THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT (the "Amendment") is made as of this _ day of ,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 ofthe Development Agreement, as more fully set forth herein below. NOW, THEREFORE, in consideration of the sum of$10 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, paragra{>h 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 "B." 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 "R" 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 of this Amendment. THE CITY OF CLEARWATER, FLORIDA By: William B. Home II, City Manager Attest: By: By: Frank V. Hibbard, Mayor Cynthia E. Goudeau, City Clerk 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 , 2007 by and , the Mayor and the City Clerk, respectively, for the City of Clearwater, Florida, on behalf of the City. Notary Public - Signature Print Name: My Commission Expires: [SIGNATURES CONTINUED ON NEXT PAGE] 4 TAMP _514895.3 Signed, sealed and delivered in the presence of: (Witness Signature) Print Name: (Witness Signature) Print Name: STATE OF FLORIDA COUNTY OF HILLSBOROUGH The foregoing instrument was acknowledged before me this 22. day of h.bn.~4."'~, 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:] ~) is personally known to me; or ( ) produced a Florida driver's license as identification I~~~"-.~:J..O ta.:'ryP~iliik,.'-StaleOrFIOrida !,,~ 'f; Natalia Gomez \. c::y:.. ;7 ,:,11' (;omml'lSIO,n OD576921 ~,=",!;;~~!ft)7.!~~3!f210 '?/p.:e~J Ar~ Not~ry Public - Signature Print Name: Na-.Nlle- &om e.e. My Commission Expires: c) 7 ).23/2..()/C> { r Exhibit "B" Floor Plans and Elevations ~ r I.. " . 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IY i J ~ Ii :1 ~ ~, ~f ~ ~ ~~ ~ ~ I ~~ ~ 1 ~ ~ ,~ t , ;~ . f ~ .l~~ __ -$- ~"~ ~~ -$- ~;~ ~~ ~~ -$- ~~ ~ ~~ ~~ ~~ ~ ~~ I ~ 1!J!ffifTTT1TTlTIlII~ I dl~d~==~:=~~ p... AQU^=~~DFL=DENCES I:J ~ ;a .,ch".ct. .. 727......... .. 727.7....... ~) Sa--- .:u '-i ~:I: m fiir-_{ ~ -i - o - z il~liia ~ lili~iJ~ lS :i! Ji! ~ .JJ,I. . i'll~i ii' is I Iii e e . Exhibit "H" Beach Walk Public Improvements GUlF OF MEXlCO- _#-.......'-. "',:;-~-:~ -. . _?'/ .")-~p.J ,~~...........-u;'__' ~'-........,. .-r":"/ - -~~--.......~. .'.....-..., ".., .... _.~-",....... . ,.' ....--"""""'..-2...-- 01' ' . , / , '~" ..':-- ~ -,j: -"-". ',--X ..."...... o:J . / _ ' J / I" ~ !;' n :I: ..~:-~::~.~~..~' "'~I'T"'" ."C'... 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