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FACADE PRESERVATION EASEMENTThis instrument prepared without examination of title by: Michael P. Fuino CRA Attorney 600 Cleveland St. Clearwater, FL 33755 FACADE PRESERVATION EASEMENT This Facade Preservation Easement is granted by 888 BUSINESS LLC (the "Grantor"), and accepted by the CLEARWATER COMMUNITY REDEVELOPMENT AGENCY, a public body corporate and politic of the State of Florida (the "Grantee" or "CRA"). RECITALS WHEREAS, Grantor is the owner of certain real property in Pinellas County, Florida, and more particularly described in Exhibit "A," attached hereto and made a part hereof (the "Premises"); and WHEREAS, in connection with that certain Application for Facade Improvement Program approved by the CRA on June 17, 2019 (the "Agreement"), Grantor agreed to provide Grantee with an easement which, among other things, provides for the maintenance of the Facade as described in the Agreement; and WHEREAS, in accordance with the terms of the Agreement, Grantor desires to grant to Grantee, and Grantee desires to accept, an Easement on the Premises; and NOW, THEREFORE, in consideration of Ten ($10.00) Dollars and other good and valuable consideration, paid by each party, the receipt and sufficiency of which are hereby acknowledged by Grantor and Grantee, and in further consideration of the mutual promises and representations made herein, the parties agree as follows: 1. The foregoing recitals comprise a material part of this document and are incorporated herein. 2. Grantor does hereby grant and convey to the Grantee and Grantee hereby accepts an easement for the preservation of the Facade of the Premises (the "Easement"). The "Facade" of the Premises consists of all of the exterior surfaces of the structures on the Premises. Facade does not include interior facing elevations of the Premises. It is contemplated by the parties that the Facade is to be maintained as provided for herein in accordance with the approved Agreement. The parties may agree to substitute photographs with accompanying text description of the materials shown, constituting a convenient record of the state of the Facade, as of the date of completion, and such record shall then be used as the primary evidence for enforcement of this Easement. Page 1 of 7 3. The Grantee shall have and hold the Easement granted and conveyed to the benefit of the Grantee, its successors and assigns, commencing on Completion Date of the Project, as more specifically described in the Agreement for Facade Improvements. Within ten days of the Completion Date of the Project, Grantor shall record this Easement in the Public Records of Pinellas County, Florida. Unless earlier terminated by final judgment of a court of last resort or by mutual agreement of the parties, this Easement shall remain in effect for five years from the Completion Date of the Project, at which point, provided Grantor is not in default hereunder, with notice of such default recorded in the Official Records of Pinellas County, Florida, this Easement shall expire and be of no further force or effect. Such expiration shall be self -operative and shall not require the filing of any further instrument of termination. 4. Without the prior express written consent of Grantee, such consent not to be arbitrarily withheld, conditioned or delayed, Grantor will not undertake nor permit to be undertaken: (a) Any alteration, construction, remodeling, demolition, or reconstruction of structures on the Facade, as described in the approved Agreement, which would be a material alteration of, or substantial addition to, the present appearance of said Facade; or (b) The exterior extension of the Facade or the erection of any new or additional structures attached to the Facade; provided, however, that the cleaning, reconstruction. repair, repainting or refinishing of presently existing elements of the Facade, to remedy damage or deterioration, shall be permitted without consent of Grantee so long as it is performed in a manner which will not result in a material alteration of, or substantial addition to, the present appearance of the Facade. Notwithstanding the foregoing, Grantor shall have the right to install on the exterior of the structure, including the Facade, building and tenant signage as long as such signage is permitted in accordance with the City of Clearwater Community Development Code. In addition, consent of the Grantee shall not be required for any action to the extent necessary to rectify a condition which, in Grantor's reasonable discretion, poses an immediate and substantial risk of causing injury to persons or property, or for any pledge of the Premises or any part hereof, as security for indebtedness or otherwise (provided such pledge shall be subject to and subordinate to this Easement.) 5. Grantor agrees at all times to maintain the appearance and safe condition of the Facade herein described in a good and sound state of repair. In the event of damage to the Premises, for which repair or restoration is impractical in the reasonable opinion of the Grantor, the Grantor may choose to make payment to the Grantee calculated in accordance with Section 7.b and upon receipt of same, the Grantee shall execute a Termination and Release of Easement. 6. Subject to Florida Statute 768.28, Grantor shall be solely responsible for the construction, maintenance and preservation and insurance of the Facade and shall indemnify and hold Grantee, its elected and appointed officials, employees and agents (who may include City of Clearwater officers and employees working on behalf of the CRA) harmless from all costs, attorneys' fees and claims of damage to any person, property or premises resulting from the Page 2 of 7 construction, maintenance or preservation of the Facade, except for any loss, cost, claim or damage caused by the gross or sole negligence of such parties. Nothing contained herein is intended to serve as a waiver by the Grantee of its sovereign immunity, or to extend the liability of the Grantee beyond the limits set forth in Section 768.28, Florida Statutes, or be construed as consent to be sued by third parties. 7. In the event of a violation of this Easement, and after written notice from Grantee to Grantor generally identifying the violation, and Grantor's failure to commence to cure such violation within thirty (30) days after such written notice (and thereafter diligently continue such curative work through to completion), Grantee, in order to insure the effective enforcement of this Easement shall have, and Grantor hereby grants, the following rights to Grantee: (a) The right to institute legal proceedings to require the restoration of the Facade to their condition as they generally existed immediately prior to the event or incident for which such work is required; or (b) The right of liquidated damages based upon the failure to maintain the Facade for the duration of this Easement, calculated as follows: Number of whole months remaining in the term of this Easement (at time of notice of violation) divided by number of whole months in the entire term of this Easement, times the dollar amount of reimbursement made from Grantee to Grantor for the Facade improvements; or (c) The right to seek any and all other legal and equitable remedies to enforce Grantor's obligations hereunder. The failure of the Grantee to enforce any provision herein shall in no event be deemed a waiver of such provision or the right of the Grantee to thereafter enforce such provision. 8. The Grantor agrees that employees or agents of the Grantee shall be permitted at reasonable times (which shall be established in advance by five (5) business days written notice to Grantor) to come upon the Premises to inspect the Facade for violations of any of the covenants in this Easement. 9. If any of the provisions of this Easement are determined to be unenforceable or void, this shall not in any way affect the validity or enforcement of any of the other provisions. 10. Any notices required by this Easement shall be made to the addresses below. Such notice or response shall be deemed given by either party when hand delivered or deposited for mailing by certified or registered U.S.P.S. mail, return receipt requested, addressed to the party to whom such notice or response is required to be given at his or its address set forth below or at such other address as such party may have designated by notice duly given as provided in this section. To Grantor: 888 Business LLC 628 Cleveland St., Unit 1406 Page 3 of 7 To Grantee: Clearwater, Florida 33755 Clearwater Community Redevelopment Agency Attn: CRA Director P.O. Box 4748 Clearwater, Florida 33758 11. All provisions of this Easement shall be construed to be covenants running with the land, shall touch and concern the land and with every part thereof and interest therein, and all provisions shall be binding on the parties hereto and on their successors and assigns and any subsequent owners of the Premises, specifically including any condominium associations or condominium unit owners. Grantor agrees that the existence and binding nature of the restrictions contained in this Easement will be referenced by Grantor in any subsequent lease, deed or legal instrument by which Grantor divests itself of title to or possessory interest in the Premises, or any part thereof. In the event of the termination of Grantee's existence, the City of Clearwater, Florida, shall be deemed to be Grantee's successor in interest under this Easement. 12. This Easement shall be governed by and construed in accordance with the laws of the State of Florida. Any action, in equity or law, with respect to this Easement must be brought and heard in Pinellas County, Florida. The prevailing party in any such litigation shall be entitled to all costs thereof, including, but not limited to, reasonable attorneys' fees and court costs at all trial and appellate levels. [The remainder of this page is intentionally left blank] Page 4 of 7 IN WITNESS WHEREOF, the parties have executed this Easement. Signed, sealed & delivered In the Presence of: STATE QF COUNTY OF GRANTOR 888 Business LLC 628 Cleveland St., Unit 1406 Clearwater, FL 33755 Signature: Print Name: 91 R� Lu t bi ` e foregoin instrument was acknowledged before me thisa day of 6.014e-•" , 20 )C'f , by C� Y� (name). He/She is personally known to me or has produced U as identification. MARGARITA KELLY Notary Public, State of Florida Commission# FF 949236 My comm. expires Jan. 10, 2020 Signed, sealed & delivered In the Presence of: Name: Avune_ rcrY. „Ai 1 blic, State of ission Expires: GRANTEE zrl - to 2c2-� Clearwater Community Redevelopment Agency a public body corporate and politic -CsZ_ of t y e ` . t of Florida Name: 12Se M Aid,✓ Name: Amanda C. Thompson, Director Page 5 of 7 STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me this day of J� 20 1 , by Amanda C. Thompson, as the Director of the Clearwater Community Redevelopment Agency, and who has acknowledged that she executed same on behalf of said Agency, and that she was authorized to do so. She is personally known to me. ___4 iv 141 N\-) Notary Publi State Flo ' a My Commission Expires: ,)1,143ol Page 6 of 7 Exhibit A Legal Description Lots 7 through 13, incluai a,,, -Stock 10, AIRBN SIIBDIVISICN, according to the plat thereof,\'as recorded `in Plat Book 14, page 45, of the Public Records of Pinellas/County, Florida Page 7 of 7