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COVENANT OF UNIFIED USEEXHIBIT "D" COVENANT OF UNIFIED USE PLEASE RETURN RECORDED DOCUMENT TO: Matthew J. Mytych, Esq. City of Clearwater P.O. Box 4748 Clearwater, FL 33758 KEN BURKE, CLERK OF COURT AND COMPTROLLER PINELLAS COUNTY, FL INST# 2025059872 02/28/2025 11:23 AM OFF REC BK: 23077 PG: 1955_1958 DOCType:RST RECORDING: $35.50 COVENANT OF UNIFIED USE THIS COVENANT OF UNIFIED USE (this "Covenant") is executed this aS'fhday of Febt-var y , 2025, by AP BEACH PROPERTIES, LLC (the "Developer"). WITNES SETH: WHEREAS, the Developer is the owner of the real property located at 405 Coronado Drive, Clearwater, Florida 33767 more particularly described on Schedule "1" attached hereto and incorporated herein by reference (the "Property"); and WHEREAS, the Developer and the City of Clearwater, Florida (the "City") are parties to that certain Hotel Density Reserve Development Agreement dated the 25th day of February, 2025 (the "Agreement"), pursuant to which the City has agreed that Developer may develop and construct upon the Real Property a hotel project as described in the Agreement (the "Project"); and WHEREAS, Developer intends to develop and operate the Property for a unified use, as more particularly described in this Covenant. NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Developer does hereby agree that, effective as of the date on which Developer receives all permits required to construct the Project and Developer commences construction thereof, as evidenced by a Notice of Commencement for the Project, the Real Property shall be developed and operated as a hotel project, as described in the Agreement. The restrictions set forth in the preceding sentence shall expire automatically when and if the Developer's allocation of additional hotel density reserve units (as defined in the Agreement) expires or is terminated. Nothing in this Covenant shall require Developer to develop the Project or restrict Developer's ability to sell, assign, transfer or otherwise convey its right in and to the Real Property or any portion or portions thereof to unrelated third -parties. Developer agrees that the City shall have the right to enforce the terms and conditions of this Covenant. IN WITNESS WHEREOF, the parties have hereto executed this Covenant the date and year first above written. 21 (COVENANT—DEVELOPER SIGNATURE PAGE) In the Pres • nce of: Printme: CLAY A.r?-uj1A►.) Address: 615-Covize STisL Zoo CLEAkiNfER, FL 3370 rint Name: '- Address: 14,5" cavt51) Surf ?b aEARLATR, FL- 3373b STATE OF FLORIDA COUNTY OF PINELLAS The foregoing declaration was ac 9wledged b or online notarization me this day OSIAK, as Manager of AP BEACH PROPERTIES, LLC, a F AP BEACH PROPERTIES, LLC, a Florida limited liability company By: Wojciech Os , Manager Date: / Z v 2� re by means ofN physical presence __K_h ' , 2025, by WOJCIECH da limjted liability company, on behalf of the entity. He is personally known to me or has produced Jkr) L`CQ-+vSQ as identification. 22 r .(&,fi NOTARY PUB Print Name: My Commission Expires: Zl Countersigned: Bruce Rec Mayor Date: -Z/?fi /25 (COVENANT—CITY SIGNATURE PAGE) Approved as to form: Matthew J. Mytych, Esq. Assistant City Attorney Date: WI I 14), S CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation. By: Jdntfifer Perrier City Manager Date: ala s / ca -S Attest: Rosemarie Call City Clerk/ Date: (/ACi.9) Ms 23 SCHEDULE "1" TO COVENANT Legal Description LOTS 1, 2, 3, 4, 5, 6, 8, 9, 10, 11 AND 12, COLUMBIA SUBDIVISION NO. 4, ACCORDING TO THE MAP OR PLAT THEREOF, AS RECORDED IN PLAT BOOK 27, PAGE 50 OF THE PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA. AND BEGINNING AT THE INTERSECTION OF THE HIGH WATER MARK OF THE GULF OF MEXICO AND THE EAST AND WEST CENTER LINE OF SECTION 8, TOWNSHIP 29 SOUTH, RANGE 15 EAST; AND RUN THENCE EAST ALONG THE EAST AND WEST CENTER LINE OF SAID SECTION 8, 164.38 FEET; THENCE SOUTH 1573.94 FEET; THENCE SOUTH 77°25'30" EAST, 280 FEET FOR A POINT OF BEGINNING; THENCE SOUTH 77°25'30" EAST, 10 FEET; THENCE SOUTH 12°34'30" WEST, 50.87 FEET; THENCE NORTH 77°25'30" WEST, 10 FEET; THENCE NORTH 12°34'30" EAST, 50.87 FEET TO A POINT OF BEGINNING, OTHERWISE DESCRIBED AS LOT 1-A OF COLUMBIA SUBDIVISION NO. 5, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 31, PAGE 16, PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA. CONTAINING 1.759 ACRES, MORE OR LESS. COLLECTIVELY TAX PARCEL IDENTIFICATION NO. 08-29-15-17622-000-0100 24