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22-02RESOLUTION NO. 22-02 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA AMENDING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF CLEARWATER AND NESC, LLC (AS ASSIGNED BY LOUIS DEVELOPMENT LLC); PROVIDING AN EFFECTIVE DATE. WHEREAS, the City City of Clearwater (the "City") and the Louis Development, LLC (the "Original Developer") were parties to that certain Density Reserve Development Agreement (the "Agreement") as approved on July 19, 2012, a copy of which is attached as Exhibit "1;"; and WHEREAS, the Original Developer's interest in the Agreement and the Amended Agreement was assigned to NESC, LLC (the "New Developer") on August 4, 2018; and WHEREAS, the City and the New Developer amended the Agreement (the "Amended Agreement") to increase the overall number of hotel units from 134 to 139 through the transfer of five hotel units on January 17, 2019, a copy of which is attached as Exhibit "2"; and WHEREAS, the City and the New Developer desire to amend certain terms and provisions of the Agreement, as amended, including changes limited only to the use of certain slips with no changes to the site plan and/or elevations, as more fully set forth in the attached Exhibit "3"; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. The Second Amendment to the Development Agreement between the City of Clearwater and NESC, LLC, a copy of which is attached as Exhibit "3" is hereby approved. Section 2. This resolution shall take effect immediately upon adoption. Section 3. The City Clerk is directed to submit a recorded copy of the Amended Development Agreement to the state land planning agency no later than fourteen (14) days after the Development Agreement is recorded. Resolution No. 22-02 PASSED AND ADOPTED this 9)D day of JapMu-4KV , 2022. Approved as to form: Matthew Mytych Assistant City Attorney Frank Hibbard Mayor Attest: Rosemarie CaII City Clerk Bl1SHED" 2 Resolution No.22-02 I#: 2012220917 BK: 17666 PG: 1833, 08/01/2012 at 11:55 AM, RECORDING 26 PAGES $222.50 KEN BURKE, CLERK OF COURT PINELLAS COUNTY, FL BY DEPUTY CLERK: CLKDMC4 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT ("AGREEMENT") is dated the a% day of July, 2012, and entered into between Louis Developments LLC, a Florid- , limited liability company ("Developer"), its successors and assigns, and the CITY'OF ; ,, CLEARWATER, FLORIDA, a municipality of the State of Florida acting throughits,' City Council, the governing body thereof ("City"). - - • RECITALS: t, WHEREAS, one of the major elements of the City's revitalization .soft is a preliminary plan for the revitalization of Clearwater Beach entitled Belch by D sign; and WHEREAS, Sections 163.3220 - 163.3243, Florida Statutes, which set forth the Florida Local Government Development Agreement Ac`t,Y.,Act"), authorize the City to enter into binding development agreements with -sons ,l2aying,,4%legal or equitable interest in real property located within the corporate of this City; and WHEREAS, under Section 163.3223 of the AEt„'lhe City has adopted Section 4- 606 of the City of Clearwater Commuui - Devel1pnYent Code ("Code"), establishing procedures and requirements to consider acid enter into development agreements; and WHEREAS, Beach by ,IsOigri, proposed additional hotel units to equalize development opportunities on,tlie' beae,Wr and -ensure Clearwater Beach remains a quality, family resort community by, nrther;proviaing for a limited pool of additional hotel units ("Hotel Density Reserve'»'to i t ade available for such mid-sized hotel projects; and WHEREAS,' -1e, Deyelopetsowns and controls approximately 1.26 acres of real property ("Property!'),iirtre,corporate limits of the City, consisting of 1.26 acres of upland from the face' f tIi .ketk'aJ1 more particularly described on Exhibit "A" attached hereto and incorpor$*d herein% ands W REAS,:f.he Developer desires to develop the Property by demolishing three sing%story aaied structures used for overnight accommodations in order to add additional even i ht accbnlmodation units, a restaurant not to exceed six thousand five hundred (652)0) square feet, fifty (50) boat slips without fueling facilities, ground level pool, new lobby ' perking garage and additional remote ground level parking spaces, all of which svvi11 geherally conform to the architectural elevation dimensions shown in composite 'E:xhibit "B"; and WHEREAS, upon completion the planned resort will contain 134 units, which includes Seventy -One (71) units from the available Beach By Design Hotel Density Reserve; and WHEREAS, the City has conducted such hearings as are required by and in accordance with Chapter 163.3220 Fla. Stat. (2011) and any other applicable law; and PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1834 WHEREAS, the City has determined that, as of the Effective Date of this Agreement, the proposed project is consistent with the City's Comprehensive Plan and Land Development Regulations; and ' - WHEREAS, the City has conducted public hearings as required by §§ 4 -206 -arid 4-606 of the Community Development Code; and \\`\,,, ;;' WHEREAS, at a duly called public meeting on July 19, 2012, the City Council approved this Agreement and authorized and directed its execution by the', appropriai4 officials of the City; and _ WHEREAS, the City has previously approved the construction of fiftif (50) boat slips on the Property, as set forth in and limited by the City in bve1opihhnt Order FLD2009-02009-443-460-462-463 East Shore Drive (the "Boat Slip D.O.");-and • WHEREAS, the Boat Slip D.O. was extended ;pursuant; to S.B. 360 and subsequent legislative amendments as evidenced by(1�elter_ of (zia'te) and may be entitle to additional extensions; and ' " sy _ WHEREAS, the Community Deyelop;nent•E ai'ci approved the design and site plan as a Flexible Development on Jurie' 19; 2012, \xitditioned upon the approval and execution of this Agreement; and , \• \ \• \ , , WHEREAS, approval,-§£ this, vAgreent nt is in the interests of the City in furtherance of the City's go/sip/of enhanaoi`itg the viability of the resort community and in furtherance of the objectives o"Beach by LJ'esign; and WHEREAS,'.Devgloper has: approved this Agreement and has duly authorized certain individuals tQ e)ecAfte this Agreement on Developer's behalf. STATEMENT OF AGREEMENT Ii scbnMd$raiioii of and in reliance upon the premises, the mutual covenants coi ti fined-heein, and other good and valuable consideration, the receipt and sufficiency <61\wht"'c1 are -hereby acknowledged, the parties hereto intending to be legally bound and in aacorditc' with the Act, agree as follows: • ` \ ,%,SECTION 1. Recitals. The above recitals are true and correct and are a part of thipAgreement. SECTION 2. Incorporation of the Act. This Agreement is entered into in compliance with and under the authority of the Code and the Act, the terms of which as of the date of this Agreement are incorporated herein by this reference and made a part of this Agreement. Words used in this Agreement without definition that are defined in the Act shall have the same meaning in this Agreement as in the Act. cfem vtogas\DevabpmrntAgreemcnAl-13-1sv.1 Page 2 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1835 SECTION 3. Property Subject to this Agreement. The Property described in Exhibit "A" is subject to this Agreement ("Property"). 3.1 The D..«...t., currently has _ land use d__.___ rResort H. ation • (RFH) and is zoned Tourist (T). 3.2. The Property is owned in fee simple by the Developer. ,, 3.3 The Property is generally located at North East corner of Papaya`,Street and East Shore Drive, Clearwater, FL 33767, but includes a parcel on theWit scte-o£EEs't Shore Drive having an address of 460 and 462 East Shore Drive. , The Proprty is an assemblage of five parcels of land as more fully described in Exhibit kA" attachg4 hereto. SECTION 4. Scope of Project. - - \ • 4.1 The Project ("Project") shall consist ofnb;more.than 134 overnight accommodation units, to be traditional overnight aecaamcpodatletv'units. The proposed density is 106.26 units per acre, which is well bglow t1 alkocel ,1'50 units. 4.2 The Project shall include 201-prlankspaOs, as defined in the Community Development Code, of which 177 will *'provided byva`parking garage having 9 spaces on the ground level, and 84 spaces op',each die'',second and the third level, with 24 a% additional spaces being provided in'rgnte, grg�rlevel parking lot. 4.3 The propose4.l}eight.of thc 6yilding is 73.75 feet to the roof deck midpoint of the pitched roof, less than'tlae,80'feet allowed. The elevator tower height of 85.5 feet is allowed pursuant to the'height definition in the Code. 4.4 The.deslgp'of the Project, as represented in Exhibit "B", is consistent with Beach by Desi$►f.- `, The Project shall include a fifty (50) slip boat dock, without fueling facilities, located oirJhe eastern boundary of the Project ("Docks"). The Docks have been apRisiVed-b-y-'the, City under the Boat Slip D.O. The Finding of Fact and Conditions of <Apgpr&al ui the -oat Slip D.O. as extended are incorporated into this Agreement. A copy of $aat,Slip D.O. as extended is attached hereto as Exhibit "E". s, ss,%,4.6 The project shall comply with the Metropolitan Planning Organization siMF(.01 countywide approach to the application of concurrency management for transportation facilities. SECTION 5. Effective Date/Duration of this Agreement. 5.1 This Agreement shall not be effective until this Agreement is properly recorded in the public records of Pinellas County, Florida, and thirty (30) days have elapsed after having been received by the Department of Economic Opportunity pursuant clime nd1-a-I2v.1 Page 3 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1836 to Florida Statutes Section 163.3239 and Clearwater Community Development Code Section 4-606.G. 2 (the "Effective Date"). 5.2 Within fourteen (14) days after the City approves the execution of tltr5, ; , Agreement, the City shall record the Agreement with the Clerk of the Circuit Cout ff r ,' Pinellas County. The Developer shall pay the cost of such recording. The City shall, submit to the Department of Economic Opportunity a copy of the recorded Agreeinent,'s within fourteen (14) days after the Agreement is recorded. I` , 5.3 This Agreement shall continue in effect until tenninatecj; asdefine�0her', but for a period not to exceed ten (10) years. ; ; - - SECTION 6. Obligations under this Agreement. 6.1 Obligations of the Developer: `;• • t , ` , 1 , / 6.1.1 The obligations under this AgFeeu3enl shall if r binding upon and the benefits of this Agreement shall inure to the I,Xveltjper, successors in interests or assigns. 6.1.2 At the time of cley'elopmentsiattKe Property, the Developer will submit such applications and documenta`ti'on as are required by law and shall comply with the City's Cod6,4pplicabie aa-iJie time of building permit review. 6.1.3 The ftiliowin$ restrictions shall apply to development of the Property:,", `6.1,3;1' Tli&Property and improvements located thereon shall be developlc' ill substantial conformance with the Site and Building Plans ;atiac�lie�i•as•xhibit "B" and approved by the Community Development ;Board ("CPB`‘) as case number FLD2012-03008 and the Boat Slip D.O. as `, h?ctended.' Any minor revisions or changes to the Site Plan shall be '`; Conjsietit with the approved Site Plan and shall be approved by the -_ _ :,Manning Director as a minor modification, pursuant to the Code. Any < 'modifications determined by the Planning Director as either inconsistent with the approved Site Plan or constituting a substantial deviation from the approved Site Plan and thus requiring further approval by the CDB shall , require an amendment to this Agreement in accordance with the procedures of the Act and the Code, as necessary and applicable. Any and all such approved and adopted amendments shall be recorded in the public records of Pinellas County, Florida. 6.1.3.2 The Developer shall obtain building permits within one (1) year of the date of this Agreement (the "Initial Term"), and shall thereafter timely obtain required certificates of occupancy, in accordance with Code Section 4-407. Nothing herein shall restrict Developer from seeking an extension of these time frames pursuant to applicable provisions of the Clie,ns\Rogas%Deve1 pmentAg eemeirtV-13-12v.1 Page 4 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1837 Code and of the Florida Building Code or from seeking an amendment to this Agreement. _ 6.1.3.3 T1.. Developer shall prior N/` mandatory evacuation/closure covenant, substantially in the forrp ' df ,),% Exhibit "C" that the accommodation use will closed as soon as practicable," after a hurricane watch that includes Clearwater Beach is poste$- bi, th`e,; National Hurricane Center. 6.1.4 Covenant of Unified Use. Prior to the issuance 9011e%frr'sf'buildi g permit for the Project, the Developer hereby agrees to executo and record incthe Public Records of Pinellas County, Florida the covenant 1,df unified ;use and development for the Project Site providing that the Project Site"shall b� developed and used as a single project, the form of which covenant is attached as Exhibit "D"; provided however, that nothing shall preclude the Developer from selling all or a portion of the Developer's Property in the event that Developer determines not to construct the Project. Additionally, prion tQhfie,issuan e'of the first building permit for the Project, the Developer hereb}�, agrees . v - ecute a Declaration of Unity of Title for the Project Site providifigthat,t4e Project Site shall be developed and used as a single project, the Jorm;of i' jich, Declaration of Unity of Title is available from the City PlanningT7epartmept: ;Itis understood and agreed that, in the event that the Developer enters into the, anticipated covenant of unified use and development, and the Developer n9t'to construct the Project and notifies the City of its election in,tin' end;-alte'natively, as of the date of expiration, termination or revocpt}on any,right's'pf Developer to incorporate the Hotel Density Reserve Units into llie,Rrlyect, the City shall execute and deliver to the Developer a termination "ei" such ' t,dvenant of unified use and development suitable for recording in tiie,Publje Reedits of Pinellas County, Florida. Additionally, the City shall execute,arld'clteliver to the Developer a Release of Unity of Title suitable for recording iii tlaPilblii Records of Pinellas County, Florida. 6X1.5 Allocation of Units from Hotel Density Reserve; Return of Units to the\.IlseYe- Pool. Covenant Regarding Use of Hotel Density Reserve Units. .-Subjieftp the terms and conditions of this Agreement, the City hereby allocates <;s, Arid grants' to the Developer from the Hotel Density Reserve an additional 71 hotel 'units to the Project Site in accordance with applicable law. In the event this `.'Agreement is terminated pursuant to Section 10 of this Agreement, or if any of the ,' ,units granted to the Developer from the Hotel Density Reserve are not constructed • "" in conjunction with the Project approved by City and in accordance with Paragraph 6.1.3.2, or if any units or the Project fail to meet and maintain the criteria for Hotel Density Reserve Units contained in the City of Clearwater Ordinance No. 7925-08, as amended, said units shall be returned to the Hotel Density Reserve and be unavailable to the Developer for use on the Project, pursuant to Beach by Design. Prior to the issuance of the Certificate of Occupancy for the Project, the Developer agrees to execute and record a Covenant in the Public Records of Pinellas County, Florida restricting the Hotel Density Reserve Units in perpetuity to the use approved by City and by this Agreement. Clients \tog\Devdopma tAgreemem\1-13-12v.1 Page 5 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1838 6.1.6 Transient Use. Occupancy in the overnight accommodation units , _ _ ` ', from the Hotel Density Reserve is limited to a term of one (1) month or thirty-one - - - - -1 (31) consecutive days, whichever is less. Nothing herein shall prevent a purchaser,- of a fractional share unit from owning a period of time greater than thirty-one,,(l') ; days, provided every occupancy is limited to a term of one (1) month or thirty, one. (31) consecutive days, whichever is less. ,, - - , , , 6.1.7 Docks. The fifty (50) Boat Slips to be constructed on tlie,Propersy; shall be constructed in compliance with the findings and conditions ietrtl-in-Are Boat Slip D.O. 6.2 Obligations of the City. 6.2.1 The City shall promptly process'stte, arld;%construction plan applications for the Property that are consistgnt4ith the•Nmprehensive Plan and the Concept Plan and that meet the requireemerit&,00fihe`Code. 6.2.2 Upon adoption of thilAgreentent;,t`he Project shall receive 71 units from the Hotel Density Reserve 'defned in Beach by Design. 6.2.3 It is anticipafetl'that,as, a cdi)dition to the approval of the Project by the City, Developer willbe regpiired'to-Construct and maintain a boardwalk along the seawall on the Property, (The qoardwalk"), and to permit the general public to enter upon and traverse, th'e'Boardwalk at all times, and to exit the Boardwalk via an easement ov§v'the.Prdperty in favor of the City (or for the benefit of the public at large) tolie. , located ats%the north end of the Boardwalk, connecting the Boardwolle to.raft Shore Drive. Said easement shall include terms and conditions accepTe)re to the, tty> and which are typical of such other easements for similar acces$ that are cutrently in effect between the City (or for the benefit of the public at large)'and prj'vate land owners. Upon the adoption of this Agreement, City shall enter, , ih _ icfr of Developer and its successors and assigns, a general -,1inden nitication and hold harmless agreement, to be effective upon the issuance of <:`, a, C.0 for the Project, pursuant to which the City shall indemnify and hold 'harmless Developer, to the extent allowed by law, from and against any and all • `plai'tns for injury, death, and damage brought in connection with the use of the '..'•s ,' ,Boardwalk by the general public at large; provided, however, that such -'„ indemnification and hold harmless agreement shall not relieve Developer of any liability for its negligence in maintaining the Boardwalk, or any willful or wanton acts by Developer or those under the authority or control of Developer. SECTION 7. Public Facilities to Service Development. The following public facilities are presently available to the Property from the sources indicated below. Development of the Property will be governed by the concurrency ordinance provisions aftlAtogimakvelomectiftremm\143-12,1 Page 6 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1839 applicable at the time of development approval unless otherwise provided by law. With respect to transportation and other public infrastructure and services subject to concurrency requirements, the City of Clearwater finds that all applicable concurrency provisions for the proposed development have been met. - 7.1 Potable water is available from the City. The Developer shall' ,' , responsible for all necessary main extensions and applicable connection fees. , : _ ; -,ss, .. • , / , , / , , 7.2 Sewer service is currently provided by the City. The Developee,gtiall be ; responsible for all necessary main extensions and applicable connectioj fees _ _ 7.3 Fire protection from the City. ' ` 7.4 Drainage facilities for the Property will be provided by the -Developer at the Developer's sole expense. -; 7.5 Transportation concurrency requiremer�is have sb'e 'n'i fet. 7.6 All improvements associatect with\flie public facilities identified in Subsections 7.1 through7.4 shall be co e mpl teff prior to,ffie issuance of any certificate of Occupancy. ' ' ' s ' , 1 , ♦ 7.7 The Developer is resiOri iblesfor tte,payment of any required impact fees. SECTION 8. Required Luca['' Xovernment Permits. The required local government development, perms' for development of the Property include, without limitation, the followrnn:' se 8.1 Site -plan approvals) and associated utility licenses, access, and right-of- way utilizatioxf oeriititk IA 1 8;2, `, Construetlon plan approval(s); I - permit(s); and 's 8,4, Certificates) of occupancy. ,% ,SECTION 9. Consistency. The City finds that development of the Property is 'consistent with the terms of this Agreement and is consistent with the City Comprehensive Plan and the Code. SECTION 10. Termination. If the Developer's obligations set forth in this Agreement are not followed in a timely manner, as reasonably determined by the City Manager, after notice to the Developer and an opportunity to be heard, existing permits shall be administratively suspended and issuance of new permits suspended until the Developer has fulfilled its obligations. Failure to timely fulfill its obligations may serve as ai.m\RogerADevelopmentAgreem.uA1-13-12y.1 Page 7 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1840 a basis for termination of this Agreement by the City, at the discretion of the City and after notice to the Developer and an opportunity for the Developer to be heard. SECTION 11. Other Terms and Conditions. ,— • ,, , . . , , , , 1 v 11.1 Except in the case of termination, until ten (10) years after the date of tlis,' Agreement, the Property shall not be subject to down -zoning, unit density reduciion; 43r, `. intensity reduction, unless the City has held a public hearing and determined: II I1 11.1.1 That substantial changes have occurred in pertiii t't<andi1icips existing at the time of approval of this Agreement; or ; ; - - - 11.1.2 This Agreement is based on substantially y inaiy�tirate-ih#ormation provided by the Developer; or - - 11.1.3 That the change is essential to the pub'ic'health, Safety, or welfare. SECTION 12. Compliance with Law. The \t`ai1i a of tills Agreement to address any particular permit, condition, term or restriis(ign shall, hot relieve the Developer from the necessity of complying with the law- ogirging� `,Such permitting requirements, conditions, terms or restrictions. ' ' , SECTION 13. Notices. isIdticds'and cpipinunications required or desired to be given under this Agreement shall'be'giiien'to- the parties by hand delivery, by nationally recognized overnight courief'service,such,as Federal Express, or by certified mail, return receipt requested, addres d' foJ16ws (copies as provided below shall be required for proper notice to be gives): ' If to the Developers Louis Development LLC 630 South Gulfview Blvd. 'Clearwater, FL 33767-2642 Wltlt Cbptto \ Ss sss ss \\If lo 'City: 'City: „ , Northside Engineering Services, Inc. 300 South Belcher Clearwater, FL 33765 City of Clearwater, City Attorney ATTN: Pamela Akin, Esq. 112 South Osceola Avenue Clearwater, FL 33756 Properly addressed, postage prepaid, notices or communications shall be deemed delivered and received on the day of hand delivery, the next business day after deposit with an overnight courier service for next day delivery, or on the 3rd day following deposit in the United States mail, certified mail, return receipt requested. The parties may change the addresses set forth above (including the addition of a mortgagee to receive copies of all notices), by notice in accordance with this Section. clime\RogersTleeelopmrnengreement\I.I3-,zv.1 Page 8 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1841 SECTION 14. Assisnments. 14.1 By the Developer: 14.1.1 Prior to the Commencement Date, the Developer may sell, convey;.. ;,' assign or otherwise dispose of any or all of its right, title, interest and obIigationS'. in and to the Project, or any part thereof, only with the prior written zygtice to the, City, provided that such party (hereinafter referred to as the "assigrtr'k"), to die) extent of the sale, conveyance, assignment or other disposition kyitkeDev loperjo the assignee, shall be bound by the terms of this Agreement the same -al the Developer for such part of the Project as is subject to sucV,sale, c $'eyance, assignment or other disposition. ` ' _ _ -' -' 14.1.2 If the assignee of the Develdp*s right, title, interest and obligations in and to the Project, or any part thereof assumes att of the Developer's obligations hereunder for the Project, or that Raiff su1jeetsco;such sale, conveyance, assignment or other disposition, then the Devdldpgr)hJtllie released from all such obligations hereunder which have beeri'so,assuij ea by the assignee, and the City agrees to execute an instrument. -ev_ ideneing Stich release, which shall be in recordable form. - ` „ 14.1.3 An assignmen:Iqf the, Pro pot, or any part thereof, by the Developer to any corporation, Iiiritedssizartitershiii, limited liability company, general partnership, or joint,v@titure,"in wl kji the Developer (or an entity under common control with Developer);has either the controlling interest or through a joint venture or othaf Arrarlgetz4ilt shares equal management rights and maintains such controlling iriteit st o'r quat tanagement rights shall not be deemed an assignment or transfer- subjeci`xo any restriction on or approvals of assignments or transfers impose 11iy ihfsAgteement, provided, however, that notice of such assignment shall PO given brithe Developer to the City not less than thirty (30) days prior to shah as*igmnent,being effective and the assignee shall be bound by the terms of this, grbemeirt'to the same extent as would the Developer in the absence of such ;_rssigtxerlt. sss,s, 14.1.4 No assignee, purchaser, sublessee or acquirer of all or any part of ' hesbeveloper's rights and obligations with respect to any one Parcel shall in any ,' ,Way be obligated or responsible for any of the Developer's obligations with respect ` - to any other Parcel by virtue of this Agreement unless and until such assignee, purchaser, sublessee or acquire has expressly assumed the Developer's such other obligations. 14.1.5 Notwithstanding any other provision of this paragraph, the sale of individual Interval Ownership Units in the ordinary course of business shall not be subject to the requirements of this paragraph. crents\Rog i\DC elopmmrt, memv,3-,z.., Page 9 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1842 14.2 Successors and Assigns. The terms herein contained shall bind and inure to the benefit of the City, and its successors and assigns, and the Developer and, as applicable to the parties comprising Developer, their personal representatives, trustees, ' - - - - heirs, successors and assigns, except as may otherwise be specifically provided herein. ; - , • , SECTION 15. Minor Non -Compliance. The Developer will not be deemed to,','� have failed to comply with the terms of this Agreement in the event such noncorripliance; in the judgment of the City Manager, reasonably exercised, is of q ;minor 'or, inconsequential nature. SECTION 16. Covenant of Cooperation. The parties shall' Oooperate',wifIf and deal with each other in good faith and assist each other in the Verformaiic0 of the provisions of this Agreement and in achieving the completion of de.lopnient of the Property. - - 1 ' ' SECTION 17. Approvals. Whenever an approval o onsent N required under or contemplated by this Agreement such approval of nsent §hll'fiot be unreasonably withheld, delayed or conditioned. All such approvals'aild,epnigng shall be requested and granted in writing. ' SECTION 18. Completion of Ag'reement. U the completion of performance of this Agreement or its revocation', or termination, a statement evidencing such completion, revocation or terminatfeti'ghalt be siged by the parties hereto and recorded in the official records of the City.,';' - - SECTION 19. ,Eniiri",Agreement. This Agreement (including any and all Exhibits attached heret6,all of wh1ch are a part of this Agreement to the same extent as if such Exhibits were Sef fott in full sin the body of this Agreement), constitutes the entire agreement between -the parties hereto pertaining to the subject matter hereof. SECTXON 20.',Construction. The titles, captions and section numbers in this AgreemOt,ai'e'ipserted3br convenient reference only and do not define or limit the scope or intent 'acid, Shanks- not be used in the interpretation of any section, subsection or preovi iQn'of tl is,Agreement. Whenever the context requires or permits, the singular shall a"ngludes,the plural, and plural shall include the singular and any reference in this A'g eemtnt, to the Developer includes the Developer's successors or assigns. This Agreement' was the production of negotiations between representatives for the City and \the D,e teloper and the language of the Agreement should be given its plain and ordinary `me ing and should not be strictly construed against any party hereto based upon draftsmanship. If any term or provision of this Agreement is susceptible to more than one interpretation, one or more of which render it valid and enforceable, and one or more of which would render it invalid or unenforceable, such term or provision shall be construed in a manner that would render it valid and enforceable. SECTION 21. Partial Invalidity. If any term or provision of this Agreement or the application thereof to any person or circumstance is declared invalid or unenforceable, the remainder of this Agreement, including any valid portion of the invalid term or Clients \RogersOevebpmentAgreemem1-13-12v 1 Page 10 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1843 provision and the application of such invalid term or provision to circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and , shall with the remainder of this Agreement continue unmodified and in full force and `- - - _ ; ', effect. Notwithstanding the foregoing, if such responsibilities of any party hereto are:- ; ' thereby limited, to the extent that the purpose of this Agreement or the benefits sougjrt't'o ,' be received hereunder are frustrated, such party shall have the right to terminate this,' Agreement upon fifteen (15) days written notice to the other parties. , -; - _ , `, • SECTION 22. Code Amendments. Subsequently adopted ordinanceg`and codes; of the City which is of general application not governing the developmetif&lanc'shalliie applicable to the Property, and such modifications are specifically' 1annticipatsc1'in" this ` , , SECTION 23. Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of Florida without regard to the conflict of laws principles of such state. ,' ; , SECTION 24. Counterparts. This Agreem n]�may,be-elecuted in counterparts, all of which together shall continue one and the'fkantie iiis'ft,tfinent. - ' , _; s SECTION 25. Amendment. This Aireenient may be amended by mutual written consent of the City, the Derelopr, and the Association so long as the amendment meets the requirements of the Mt,'applihable City ordinances, and Florida law. ,. 1„reula,lhite,(of this page is blank — signature page follows ] , , • \ , • , t , ess ,", �` , v , , 1 / , Clietus Rogai\DeveIopmentAgrmnent\ 1-13-12v.1 Page 11 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1844 Print Name: not Nameted .i,y ?..- As to "Developer" Print Name: LOUIS DEVELOPMENTS, LLC By: E-ex-PAo as Elias Anastasopoulosasits M gedi tuber Print Name As to "City" CITY OF CLEARWATER, FLORIDA By: William B. Horne II, City Manager Attest: „ • /' / 1 • Rosemarie -C-,11,' City C1grk • • Ctitintersigned;,', At it i Crt tIca ,�eorge N:'Cretekos Mayor ,, • `, ' ,' Approved as to Form: f Leslie K. Dougall es Assistant City Att• •• -y `' • STATE OF F&OR1DA'• s COUNTY OF\ P J AS- ,' 'The foregoing instrument was acknowledged before me this day of , 2012, by He is personally known to me or has [ ] p y [ ] produced xci°, as identification. Notary Public Print Name: My Commission Expires: PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1845 EXHIBIT "A" Legal Description of Project Site • ♦ I♦ , , ♦ \ , • ♦ \ \ ,- / ♦\ \ \ / , ♦ ♦ , / ♦ ' • 1 • > 1 ,w\ \ ♦ 1 1 \ ♦ \ • I / \ \ ,-,/ V ♦\ \'/// Ss.\ /......---•, -- \ \ \' • ♦ •\♦ / ,♦ 1 1 1 1 1 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1846 EXHIBIT "A" Legal Description for Properties located generally at 443 East Shore Drive Parcel I.D. No. 08/29/15/16434/003/0100 LOTS 8 —12, BLOCK C WITH RIPARIAN RIGHTS, TOGETHER WITH LOTS 10 & 11, BLOCK B, /1(iE-PLAT`3F BLOCK "A" AND LOTS 1 TO 15 INCL. BLOCK B OF CLEARWATER BEACH PARK FIRST ADDITION, AS ; ; RECORDED IN PLAT BOOK 21, PAGE(S) 21, PUBLIC RECORDS OF PINELLAS COUNTY)fl QRID _ _ 1 1it • „ s. • • ,♦ , , ,�,^ /, ' V , ♦ ♦ <♦ • /♦ ♦ , V ♦ ♦ ♦ ♦ 1 ♦ ♦ , ♦ / PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1847 EXHIBIT "B" Site and Building Plans , - • • ., „ , ..,, • , , V ,� ^^ -• , / ^^ • , 1 ,•. \ ♦ 1 ,, 1 , • 1 1 1 . S ` ^ , 1 ,^ \ \ 1 1 .` ` ^ , , ss ^ , ` • • • ^ , / / / , • \ ` \ 1 1 , 1 1 / / / • r _ w ' 1110 SAGOp rt Wm AARP TER IAWEmp� •.. �• EAI AeE bJ6W win oat illy C.. EA` •:. `` . - {: lm AIA,A.ALS/ _.ItlD /118 ... LNM i.POINSETTIArGREET .-44I nll Rl II/ e11 13313' ...... - 1... :{Y(L ,5 40.90 [:INN R)1� OM: �.. n1.0 yAEN`A W 70SSt. mow o IR/131m MAI M10iLrCllnNri q( ".7 Amur i.r.a 9 ars ALD af me air srancoloa LEGEND 3113 P.M* 9ARAa 00130,1 200 Cowmen au • "`„rAATKBILMEID i NOW 1. KR 001 SECTION 3-911, (035TNI6 OKRKAD WINANS mat K /LACED DNOE30IO000. 2. A 8,43108 Or 9'-2. KITICAL CLEARANCE SMALL EXIST 001 VAN ACCESSIBILITY KR ADA S1A.WAR05. 3. ALL 0010000 ODOM0 10 K ATTA0K0 TO 111E SWAM. A. RDARDWALR 10 K C0 STIRICTE0 0/ KCKLEO WOOD SEWN AS 10(0 NW INA SELECTION Or SUCH SHALL K SWANKED roe 31.310 MGR TO SWANK 03 AMT 0131155. S. ALL SIO(WALKS SMALL K CONSTRUCTED 0i WARMED SMELL room TO LIMN Mt MANDALAY STICCTSCYC KNOW I. 1K 1011110111 CLEAR KWM 1NROWGMOWI 11.1 0ARA0E SNAIL OC SEVEN KEY 3010 INCHES AID SMALL K EMM TEST 1113) RINKS 100 VAN-ACCES3*.( HANDICAPPED PARKING SPACES WINDING INGRESS AND EGRESS DRIVE AISLES r0 THESE SPACES. (KR Ctt15 CONW111w DEVELOPMENT 000E SECTION 3-1401. LI.) 7. OK IM (VERT DONT ACC(SSIOLC SPACES, OOT NOT LESS THAM ONE, SHALL K VAN ACC(SSNIE AND SNAIL MAK A 01013//1 CLu3AKE M II' t•. (MOM* WHOM COOS CHAPTER 11, SECTION 11-4.1.2. (0) 311 SECTION E1-1.4.3.) O. DICALLV INSTALL CONKS 433035 003 ALL PARKING SPACES THAT ME ADJACENT 10 A SKAR WALL (KR OTT'S CONNIINIIV DMLOPKNI CODE SECTION 3-1401 A.) y:�EA• LW. PAO fa i -T me OtteanleW A POI 0/r AAOnEAA/a WK 00. �YOR4i, V ... I��la P" 1'' X OD.u4eC1 MIKE Q0)U NORM ??.SD IE _Eamon m mum S 06.3990' W 315.00 (KAT LIN ) / / / I / , I / 1 • 00100010 l5l*O0 / - - if r .443,11/ • /• • • \ , I I , , MIN r MOO /0.000 WO r 33(SS00 AMM, NO OW /AWT S SO SEP DOCK P0CYOuSC1 AIPROKD WOO, !107009-02009 SCALE: 1•20• O0 imq gi z BMX if Y$ Issue DRY: 10101410 2 $ri.}fl Ji@i3:.: LY ANAAs.PM.PA0101 C3.1 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1849 •ai e<• CO i E i 4COURTYARD by MARRIOTT 443 EAST SNORE DRIVE 4: EARWA ER ec*as FLORIDA W61 (EAST ELEVATION RENDERING MIMWIMMedi WMM EXHIBIT "B" /4444444 MIMIS PA MIN •pM IMht T1 ,CIM ,re i ummormi immune um __-- MINI == 111MMI NIS IV 011111111111 CM =all --•- —• , , , '"- by .MARRIOTT CQijRTARD ; 44$.AST SHORE DRIVE ' LEA'SWATER BEACH, FLORIDA 33767 • gqII' }y��$}y;` 1 9. L. NORTH ELEVATION CONCEPT MOWN MANY* AO .Ww.« ,.....,-. ..,./..r ; . - NM w+ w m.. w i rw .. i * - rrr •s ri I wawa .a .� + .r alF414-. f. W ow. _ — , , / , SOUTH ELE VA TIDNEO.NWEPT , / PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1851 EXHIBIT "C" COVENANT REGARDING HURRICANE EVACUATION And DEVELOPMENT, USE AND OPERATION DECLARATION OF COVENANTS AND RESTRICTIONS THIS DECLARATION OF COVENANTS AND RESTRICTIONS ("Declaration") is mane �as o the day of , 2012, by Louis Developments, LLC ("Developer"). :: ; ., Developer is the owner of fee simple title to the real property described in Schedule 1 attache4 hereto h�r�da' and made a part hereof (hereinafter, the ("Real Property"). The City of Clearwater„F(the "City"), has amended its Comprehensive Plan to designate Clearwater Beach as a CommunityItedevelopMent1 istrict pursuant to the Pinellas County Planning Council Rules in order to implement the provisions, of "Beach by Design," a plan for the revitalization of Clearwater Beach. _ The designation of Clearwater Beach as a Community Redevelopment District (the "Designation") provides for the allocation of Hotel Density Reserve Units as an incentlyfor the4evelopment of mid-sized quality hotels. Pursuant to the Designation, the allocation of Hote ,BensitMtr,sepve Units is subject to compliance with a series of performance standards, including a rellu�rr ent that resorts containing a hotel developed with Hotel Density Reserve Units shall be closec)`and all'Guesti evacuated from such resorts as soon as practicable after the National Hurricane Center posts -a hurebanewatch that includes Clearwater Beach. The purpose of such evacuation is to ensure that such a Rpsoi it Hotel .q cuated in advance of the period of time when a hurricane evacuation would be expected in advance of the Approach of hurricane force winds. ,, The City has granted, by City CouneD,Resarlutioii1 67, passed and approved on July 19, 2012, Developer's application for Hotel Density,Keserve'JUrits pursuant to the Designation, subject to Developer's compliance with the requirements of the.besigriation. Developer desires for itself, and its successors and assigns, as owner, to establish certafn'rights,;'uties, obligations and responsibilities with respect to the use and operation of the Real Property ir( accotdance With the terms and conditions of the allocation of the Hotel Density Reserve Units to the City'eirt4tfie Designation, which rights, duties, obligations and responsibilities shall be binding on any aji -ait suocessnrs and assigns and will run with the title to the Real Property. THEREFOR, in epnsider tion of the covenants and restrictions herein set forth and to be observed and performed, and in firrther tgnsideiation of the allocation of Hotel Density Reserve Units to Developer, and other good and valuable -consideration, the sufficiency of which is hereby acknowledged, Developer hereby declares, covenants and agree's as fo1hjws: 1. Beneflt-and Enforcement. These covenants and restrictions are made for the benefit of Dei+eloper and its successors and assigns and shall be enforceable by them and also for the benefit of the residOnts'of the City and shall be enforceable on behalf of said residents by the City Council of the City. 2. Covenant of Development, Use and Operation. Developer hereby covenants and agrees to the development, use and operation of the Real Property in accordance with the provisions of this Declaration. 2.1 Use. The use of the resort on the Real Property is restricted as follows: 2.1.1 A maximum of Seventy -One units, which is the number of hotel units allocated to Developer, shall be used solely for transient occupancy of one month or thirty (30) consecutive days or less, must be licensed as a public lodging establishment and classified as a hotel, and PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1852 must be operated by a single licensed operator of the hotel. No such hotel unit shall be used as a primary or permanent residence. 2.1.2 All other 63 units shall be licensed as a public lodging establishment. No unit shall be use4 as a primary or permanent residence. 2.1.3 As used herein, the terms "transient occupancy," "public lodging establishment," "h6fer,"-lj "time share," and "operator" shall have the meaning given to such terms in Chapter 5j9, -Part I, Florida Statutes (2004).,', ; • 2.2 Closure of Improvements and Evacuation. The Hotel developed on the Real,Priiktty'sltallbe closed as soon as practicable upon the issuance of a hurricane watch by the National Hurricane Cenle , which hurricane watch includes Clearwater Beach, and all Hotel guests, visitors and employees Qtlier than emergency and security personnel required to protect the resort, shall be evacuated from the Hota:as sbgi ps practicable following the issuance of said hurricane watch. In the event that the National Hui f j ane Cept0' shall modify the, terminology employed to warn of the approach of hurricane force winds, the closes and evaluation provisions of this Declaration shall be govemed by the level of warning employed by the Naik naIl3utricane Center which precedes the issuance of a forecast of probable landfall in order to ensure that the guests, -visitors and employees will be evacuated in advance of the issuance of a forecast of probable-jandfall. 3 Effective Date. This Declaration shall become effective upon issuance of all building permits required to build the project ("Project") and IeyelTest's,c't mmencement of construction of the Project, as evidence by a Notice of Commencement fof'the Prdjec( Thii Declaration shall expire and terminate automatically if and when the allocation of of,Reserveilnit04 the Developer expires or is terminated. 4 Governing Law. This Declaration slut' be con.Iti;ued in accordance with and govemed by the laws of the State of Florida:. ,' 5 Recording. This Declarati'ort shall, be'xeborded in the chain of title of the Real Property with the Clerk of the (quits'o.f1 inellas County, Florida. 6 Attomeys' Fees. LLeyel• elo shall• ,reimburse the City for any expenses, including reasonable attomeys_feeshich are incurred by the City in the event that the City determines that it is necessary and appropriate fo seek judicial enforcement of this Declaration and the City obtains relief, whether by agreement of the partes or through older of a court of competent jurisdiction. 7 Severrbility Tf-arfy-provision, or part thereof, of this Declaration or the application °flits Decliion to any person or circumstance will be or is declared to any extent to e invalid or unenforceable, thesemaindef of this Declaration, or the application of such provision or portion thereof to any person or cireuiristai , shall not be affected thereby, and each and every other provision of this Declaration shall .Se,valid and'enfor>ceable to the fullest extent permitted by law. [ remainder of this page is blank — signature page follows PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1853 IN WITNESS WHEREOF, Developer has caused this Declaration to be executed this day of , 2012. In the Presence of: LOUIS DEVELOPMENTS, LLC By: _ fhr t L odlcir14Y Eilas Anastasopoulos, as Manager ember , - - - . - ___,,ss ' `; ,, ., ,' , / / ,' `. , . • 1 , 1, , /, • -- Print Name As to "Developer" Print Name: Print Name As to "City" CITY OF CLE KATHERINE J LEDBETTER Natty Public - State of Florida .ss My Comm. Expires Sep 16, 2013 Commission N DO 925254 Bonded mrouon National N Byy William B. Home II, City Manager • • , - sN'r ,` • M.ell ty1A v F Attest: ' ��' Rosemarie Call, Cjty'Clerk , ,e '‘e Cp�lnteci�ned: /2 Ct�irtt n Crt\tkof Ogprge N. Cretekos, Mayor , Apprpved as to Form: s‘ ssss STATE,OF FL t1RID'A' COUNTYPF PINELLAS ss _ The foregoing instrument was acknowledged before me this day of , 2012, by He is [ ] personally known to me or has [ ] produced as identification. 2 - Leslie K. Dougall - Assistant City Atto Notary Public Print Name: My Commission Expires: PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1854 STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me this 11 day of 0- Lt 2012, by WILLIAM B. HORNE, II, as City Manager of the City of Clearwater, Florida, who i� [ ✓personally known to me or who has [ ] produced as identification. _ _ - = Notary Public Print Name: My Commission Expires: ,. - ,, 1 , \ , SANDft4 HARRIGER NOTARY PUBLIC STATE OF FLORIDA Commf EE142238 Expires 114/2016 PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1855 EXHIBIT "D" COVENANT OF UNIFIED USE PLEASE RETURN RECORDED DOCUMENT TO: Kent Runnel's, P.A. 101 Main Street, Suite A Safety Harbor, FL 34695 COVENANT OF UNIFIED USE - .. ss , •s. ` , — —• , • • / ,' „ THIS COVENANT OF UNIFIED USE (the "Agreement") is executed this 'day of , 2012, by Louis Developments, LLC ("Developer"). - WITNESSETH: .. , • WHEREAS, Developer is the owner of the real property legally described on Schedule "A" attached hereto and incorporated herein by reference (the "Real Property"); and'., .• • ; WHEREAS, Developer and the City of Clearwater, Florfcla (the " City")e parties to that certain Development Agreement dated , 2012 (the "Develepf4-grgement"), pursuant to which the City has agreed that Developer may develop and construct'.upon eygeal Property a hotel project as described in the Development Agreement (the "Project"); and -- `, • WHEREAS, Developer intends to develop arid operate'tche Real Property for a unified use, as more particularly described in this Agreement. NOW, THEREFORE, in considerWon of tlie;sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of wjafch are'hereby acknowledged, Developer does hereby agree that, effective as of the date on which I)�vblopeY•repeives all permits required to construct the Project and Developer commences construction thereo f s(s evidence*iby a Notice of Commencement for the Project, the Real Property shall be developed and operated as ii$otel and fractional share/interval ownership project, as described in the Development Agreement, The-ree'stictjons set forth in the preceding sentence shall expire automatically when and if Developer's allocdtion of additionol hotel units (as defined in the Development Agreement) expires or is terminated. Nothings this Agreement shall require Developer to develop the Project or restrict Developer's ability to sell, assign,' traxsf4rorotherwise convey its right in and to the Real Property or any portion or portions thereof to unreiated_tbirdparties. Further, nothing in this Agreement shall preclude the purchase and sale of one or more FriLetiolu1,3'1rare Units to be constructed as a part of the Project (the "Fractional Ownership") (or Hotel Units (as deiiptd i the Development Agreement) if sold in a condominium form of ownership), to separate, unrelated third'pi tie§, provided that such Fractional Share Ownership or Hotel Units are operated and occupied as part'of 4he Project as a single unified project throughout the term of this Agreement. Developer agrees that the City shfill hhare the right to enforce the terms and conditions of this Agreement. Notwithstanding the foregoing, all Hotel Units may be operated by a single hotel operator and all Fractional Share Units may be operated by a different, single management firm/operator. IN WITNESS WHEREOF, Developer has caused this Agreement to be executed this day of , 2012. In the Presence of: PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1856 STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me this day of - 2012, by WILLIAM B. HORNE, II, as City Manager of the City of Clearwater, Florida, who is known to me or who has [ l produced as identification. Notary Public Print Name: My Commission Expires: • 1, \v, [ l,Pelly / / , / .-- \ \ ` // \ • \` ,/ \ 11 -- \ , e1, 1,- -- /1 - I PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1857 1 • \ , , , 1 \ , s 1 1 1 ' \ \ 1 , — — \‘‘‘ \ IN WITNESS WHEREOF, the parties have hereto executed thi AgreemcAif ace date and year first above written. In the Presence of: LOUIS DEVELOPMENTS, LLC By: 1 Bios AnastoOpouigs; as Manager rint N. ta.,d l?.�.e - As to "Developer” ,w\•\ \1 ' ` \\ • 1 / Print Name: > ember `,CITY OF CLEARWATER, FLORIDA By: ,' -- ` , , , \ \ ` • Print Name As to "City:",` \ <` `\ \ ` ` ` `` \> \ \ \ 4 \• \ , , \ \ , , , ClianAltog a\DevelapoiMA®naneaV 13 12v.1 William B. Horne II, City Manager Attest: 04.1--ixaI4 kI Q Rosemarie Call, City Clerk Countersigned: - cieont C''C\tks George N. Cretekos, Mayor App oved as to Form: Page 12 r PINELLAS COUNTY FL OFF. REC. BK 17666 PG 1858 STATE OF FLORIDA COUNTY OF PINELLAS has [ Leslie K. Dougall -Sides Assistant City Attorney / The foregoing instrument was acknowledged before me this 14 'day of , 2012, bygiAl 7M Ie is [ ),^personally known to me or ] roduced bs'identifieation. KATHERINE d LEDfIETTER Notary Prb& - State of Florida Illy Comm. Expires Sp 10, 2019 Commission # DD 925254 Ioslrl ibo O NOW Notry bran STATE OF FLORIDA Pdbrc - -?lt btau1e , 41/her/ keetibetier My Cpmniis§ion Expires: 11 ;` , ,\ , / , / / ' ' , , V ,•W COUNTY OF PINELLAS ,' -, The foregoing it strumen't, as acknowledged before me this .271-" day of Tom- , 2412, by'WI,LIAM B. HORNE, II, as City Manager of the City of Cle ester, -Florida; who is [ V]] personally known to me or who has [ produced / ;,' - - ' `, as identification. �. , ` , ,• , , , • / / • \ , ' // `, , • •, / • , Client\RogedDevelapmenIAgreemen\I-13-12v.1 • Notary Public Print Name: My Commission Expire SANDRA HARRIER NOTARY PUBLIC STATE OF FLORIDA Comm* EE142238 Moires 1/4/2016 Page 13 AMENDMENT TO DEVELOPMENT AGREEMENT TIS AMENDMENT TO DEVELOPMENT AGREEMENT ("AGREEMENT") is dated the 9 day of qt/Jut , 2018, and entered into by and between NESC, LLC, a Florida limited liability conrpany, successor in interest to Louis Development, LLC ("Developer"), its successors and assigns, and the CITY OF CLEARWATER, FLORIDA, a municipality of the State of Florida acting through its City Council, the governing body thereof ("City"). WITNESSETH: WHEREAS, Developer and the City entered into that certain Development Agreement dated July 27, 2012 (the "Development Agreement") a full copy of which is attached hereto as Exhibit 1 relating to that certain real property located at 443 East Shore Drive, Clearwater, FL 33767 (the "Property"); and WHEREAS, Developer and the City acknowledge and agree that a minor revision to the design of the Project which is the subject of the Development Agreement was approved by the Community Development Coordinator pursuant to Section 4-406(A) of the Community Development Code on August 22, 2018; and WHEREAS, on October 1, 2018, Developer filed two applications to transfer a total of five overnight accommodation units from 22 Bay Esplanade and 699 Bay Esplanade to 443 East Shore; and WHEREAS, pursuant to the Developer's applications to transfer density rights to the Project the Developer and the City agree to increase the number of total number of ovemight accommodation units in the Project from 134 to 139 units, to increase the required parking spaces from 177 spaces to 187 spaces, and to amend certain other provisions of the Development Agreement as set forth herein; NOW THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Developer and the City agree as follows: RECITALS: 1. The recitals listed above are true and correct and incorporated herein by reference. AMENDMENT TO RECITALS: 2. The seventh (7th) recital of the Development Agreement is hereby deleted and the following is substituted in lieu thereof: "WHEREAS, upon completion the planned resort will contain 139 units, which includes Seventy -One (71) units from the available Beach by Design Hotel Density Reserve;" KEN BURKE, CLERK OF COURT AND COMPTROLLER PINELLAS COUNTY, FL INST# 2010031523 01/30/2019 02:28 PM OFF REC BK: 20412 PG: 2230-2254 DocType:AGM RECORDING: $214.00 3. Amendment of SECTION 4. Scope of Project. Section 4.1 is hereby deleted, and the following is substituted in lieu thereof: "4.1 The Project ("Project") shall consist of no more than 139 overnight accommodation units, to be traditional overnight accommodation units. The proposed density is 110.32 units per acre, which is well below the allowed 150 units." 4. Section 4.2 is hereby deleted, and the following is substituted in lieu thereof: "4.2 The Project ("Project") shall include 187 parking spaces as defined in the Community Development Code, 167 of the parking spaces shall be dedicated to the 139 overnight accommodation units, and 17 spaces shall be dedicated to the public boat slips." 5. Amendment of SECTION 6. Obligations under this Agreement. Section 6.1.8 is hereby added: "6.1.8 Limitation on Amplified Music. Developer agrees that there shall be no outdoor amplified music at the Hotel after 11:00 p.m. on Sunday through Thursday, or after 12:00 midnight on Friday and Saturday." 6. Amendment of SECTION 13. Notices. The notice addresses for Developer are hereby deleted, and the following is substituted in lieu thereof: "If to the Developer: NESC, LLC David Leatherwood 500 Sawgrass Place Sanibel, FL 33957 With Copy to: Brian J. Aungst, Jr., Esquire Macfarlane Ferguson and McMullen 625 Court Street, Suite 200 Clearwater, FL 33756" 7. Amendment of Exhibit "B". Exhibit "B" to the Development Agreement is hereby deleted and Amended Exhibit "B" attached hereto is substituted in lieu thereof. 8. No Further Changes. Except as set forth herein there are no further changes, amendments or modifications to the Development Agreement. [ remainder of this page is blank — signature page follows] Print Name: 0,4/000151 /-1/:A As to "Developer" Print Name: Print Name: As to "City" Developer: NESC, LLC By: David Leatherwood City: CITY OF CLEARWATER, FLORIDA BY: Lt.\ William B. Horne II, City Manager Rosemarie Call, City Clerk Countersigned: — CtC04.e..Akert\ttOS George N. Cretekos, Mayor Approved as to Form: J Mike Fuino Assistant City Attorney SECOND AMENDMENT TO DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO DEVELOPMENT AGREEMENT ("AGREEMENT") is dated the day of , 202_, and entered into by and between NESC, LLC, a Florida limited liability company, successor in interest to Louis Development, LLC ("Developer"), its successors and assigns, and the CITY OF CLEARWATER, FLORIDA, a municipality of the State of Florida acting through its City Council, the governing body thereof ("City"). WITNESSETH: WHEREAS, Developer and the City entered into that certain Development Agreement dated July 27, 2012 (the "Development Agreement") a full copy of which is attached hereto as Exhibit 1 relating to that certain real property located at 443 East Shore Drive, Clearwater, FL 33767 (the "Property"); and WHEREAS, Developer and the City acknowledge and agree that an Amendment to the Development Agreement was approved by the City Council on or about January 22, 2018, by which the total number of overnight accommodation units comprising the project was increased from 134 units to 139 units. A full copy of the Amended Development Agreement is attached hereto as Exhibit 2; and WHEREAS, on or about September 1, 2021, Developer filed an application to amend FLD2009-2009 which permitted a 50 -slip marina to allow eight (8) of the marina spaces to be utilized for restricted commercial uses; and WHEREAS, pursuant to the Developer's application to amend FLD2009-2009 to allow eight (8) of the approved marina boat slips to be utilized for restricted commercial purposes, Developer and the City agree to further amend certain provisions of the Amended Development Agreement as set forth herein; NOW THEREFORE, in exchange for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Developer and the City agree as follows: RECITALS: 1. The recitals listed above are true and correct and incorporated herein by reference. AMENDMENT TO RECITALS: 2. The twelfth (12th) recital of the Development Agreement is hereby deleted and the following is substituted in lieu thereof: "WHEREAS, the City has previously approved the construction of fifty (50) boat slips on the Property, as set forth in and limited by the City as approved as part of application FLD2009-02009." A new recital of the Development Agreement is hereby added as follows: "WHEREAS, a condition associated with approved application FLD2009-02009 was reconsidered and amendment to allowed for certain and limited commercial activities in a limited area of the dock in October 2021." 3. Amendment of SECTION 4. Scope of Project. Section 4.5 is hereby deleted, and the following is substituted in lieu thereof: "4.5 The Project shall include a fifty (50) slip boat dock, without fueling facilities, located on the eastern boundary of the Project ("Docks"). The Docks have been approved by the City as part of application FLD2009-02009, as amended, to allow for up to eight (8) of the approved slips to be used for limited commercial purposes. The Findings of Fact and Conditions of FLD2009-02009, as amended, are incorporated into this Agreement." 4. Amendment of SECTION 6. Obligations under this Agreement. Section 6.1.7 is hereby deleted, and the following is substituted in lieu thereof: "6.1.7 Docks. The fifty (50) Boat Slips to be constructed on the Property shall be constructed in compliance with the findings and conditions set forth as part of application FLD2009-02009, as amended." Section 6.1.7.1 is hereby added as follows: "6.1.7.1 Restrictions on Commercial Uses of Marina Slips. No more than eight (8) of the 32 marina slips may be used for licensed charter vessels and no more than two (2) of the eight (8) slips may be used for licensed jet ski rentals (guided tours only) with multiple jet skis per slip. There shall be no public cleaning or commercial sale of fish or amplified music at the marina." 5. Amendment of Exhibit "E". Exhibit "E" to the Development Agreement is hereby deleted and Amended Exhibit "E" attached hereto is substituted in lieu thereof. 6. No Further Changes. Except as set forth herein there are no further changes, amendments or modifications to the Development Agreement. [remainder of this page is blank — signature page follows] Developer: NESC, LLC By: Print Name: David Leatherwood Print Name: As to "Developer" Print Name: Print Name: As to "City" City: CITY OF CLEARWATER, FLORIDA By: Jon Jennings, City Manager Attest: Rosemarie Call, City Clerk Countersigned: Frank V. Hibbard, Mayor Approved as to Form: Matthew Mytych Assistant City Attorney