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TERMINATION OF BUSINESS RENOVATION GRANT PROGRAM AGREEMENT - BR-05-23TERMINATION OF BUSINESS RENOVATION GRANT PROGRAM AGREEMENT THIS TERMINATION OF THE BUSINESS RENOVATION GRANT PROGRAM AGREEMENT ("Termination"), entered into this (0 day otilla& , 2025 ("Effective Date"), by and between the Community Redevelopment Agency of the City of Clearwater, Florida (hereafter "the Agency"), whose address is P.O. Box 4748, Clearwater, Florida 33758-4748, a public body corporate and politic of the State of Florida, and ENERGY PROFESSIONALS, LLC, whose address is 1315 Cleveland St. Clearwater, FL 33755 (hereinafter "Applicant" and together with the Agency, "the Parties"). WITNESSETH WHEREAS, the Agency and the Applicant entered into a Business Renovation Grant Program Agreement on March 1, 2024 (such agreement referred to as "Agreement," copies of which are attached to and incorporated by reference as Exhibit "A" to this Termination); and WHEREAS, the parties now desired to terminate the Agreement on the terms and conditions contained here; NOW THEREFORE, in consideration of the premises, the mutual covenants, and promises contained herein, and other good and valuable consideration, the Applicant and the Agency agree and covenant each with the other as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated in and form a part of this Termination. 2. Termination of the Agreement; Release of all Claims. The Agreement is terminated and will have no further force or effect as of the Effective Date of this Termination. Neither of the Parties will have any further rights against, or obligations or liabilities to the other Party or to any other Person under the Agreement, all of which rights, obligations, and liabilities are hereby released and waived by the Parties. 3. Notices. All notices, demands, requests for approvals or other communications given by either party to another shall be in writing, and shall be sent to the office for each party indicated below and addressed as follows: To the Applicant: Jim Mathers Energy Professionals, LLC 1315 Cleveland St. Clearwater, FL 33755 To the Agency: Community Redevelopment Agency of the City of Clearwater P.O. Box 4748 Attention: Executive Director with copies to: City of Clearwater P.O. Box 4748 Clearwater, Florida 33758 Attention: Clearwater City Attorney 4. Applicable Law and Construction. The laws of the State of Florida shall govern the validity, performance, and enforcement of this Termination. This Termination has been negotiated by the Agency and the Applicant, and the Termination, including, without limitation, the exhibits, shall not be deemed to have been prepared by the Agency or the Applicant, but by all equally. 5. Jurisdiction and Venue. For purposes of any suit, action or other proceeding arising out of or relating to this Termination, the parties hereto do acknowledge, consent, and agree that venue thereof is Pinellas County, Florida. Each party to this Termination hereby submits to the jurisdiction of the State of Florida, Pinellas County and the courts thereof and to the jurisdiction of the United States District Court for the Middle District of Florida, for the purposes of any suit, action or other proceeding arising out of or relating to this Termination and hereby agrees not to assert by way of a motion as a defense or otherwise that such action is brought in an inconvenient forum or that the venue of such action is improper or that the subject matter thereof may not be enforced in or by such courts. If, at any time during the term of this Termination, the Applicant is not a resident of the State of Florida or has no office, employee, agency, registered agent or general partner thereof available for service of process as a resident of the State of Florida, or if any permitted assignee thereof shall be a foreign corporation, partnership or other entity or shall have no officer, employee, agent, or general partner available for service of process in the State of Florida, the Applicant hereby designates the Secretary of State, State of Florida, its agent for the service of process in any court action between it and the Agency arising out of or relating to this Termination and such service shall be made as provided by the laws of the State of Florida for service upon a nonresident; provided, however, that at the time of service on the Florida Secretary of State, a copy of such service shall be delivered to the Applicant at the address for notices as provided in Section 3. IN WITNESS WHEREOF, the Applicant and the Agency have executed or caused these presents to be executed by its respective authorized representatives to be effective as of the day and year first above written. This Termination is executed in two original copies of which one is to be delivered to the Applicant and one to the Agency. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA By: Approved as to form: Michael P. Fuino CRA Attorney Clearwater Executive Director Rosemarie CaII City Clerk 14-1 I ACKNOWLEDGE THAT I AM LAWFULLY AUTHORIZED TO EXECUTE THIS TERMINATION. the ?�� SSteg‘A U C Printed Name and Title (if any) Applicant Sign Date STATE OF'\c Ot CORPORA re IA ////4. -t OR IDA t0p\```` itlitt‘ COUNTY OF \\J The foregoin instrurgent was acknowledged before me this 4day of , 2O2 , as (title if applicable) vw/...Q of (Entity name if an) , who [ ✓] is personally known to me or ] has produced identification. Type of identifica My commission ex (Notary Seal) duced: Notary ublic Signatur Nota Public Print Name JEANNIE D. MASTORIDES Notary PubIlc State of Florida Comm# HH349644 Expires 1/22/2027 EXHIBIT # >4 BUSINESS RENOVATION GRANT AGREEMENT BR -05-23 This Business Renovation Grant Agreement (this "Agreement") is made as of, 5� ti I- , by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, a public body corporate and politic of the State of Florida created pursuant to Part III, Chapter 163, Florida Statutes (the "Agency"), and Energy Professionals, LLC. a Florida Profit Business (the "Applicant ")(collectively the "Parties"). WIT NESSETH: WHEREAS, the Agency was created to implement the community redevelopment activities in the Florida Community Redevelopment Act of 1969 (the "Act") codified at Chapter 163, Part III, Florida Statutes; and WHEREAS, § 163.387(6)(c)4, Florida Statutes provides that the budget of a community redevelopment agency may provide for clearance and preparation of any redevelopment area for redevelopment; and WHEREAS, § 163.387(6)(c)9, Florida Statutes provides that the budget of a community redevelopment agency may provide for payment undertakings described in a redevelopment plan and for expenses that are n ecessary to exercise the powers granted to a community redevelopment agency under § 163.370, Florida Statutes; and WHEREAS, § 163.370(2)(a), Florida Statutes provides that one such power is the ability to make and execute contracts and other instru ments necessary or convenient to the exercise of a commu n ity redevelopment agency's exercise of its power under the Act; an d WHEREAS, another such power is found in § 163.370(2)(c), Florida Statutes which provides that a commu n ity redevelopment agency may undertake and carry out community redevelopment and related activities within the community redevelopment area; and WHEREAS, Objective 1 E of the Clearwater Downtown Redevelopment Plan (the Plan) provides that Cleveland Street is Downtown Clearwater's (the "Downtown's") main street and valued for its historic character and pedestrian scale; and WHEREAS, Objective 4D of the Plan provides that the Agency will encourage renovation, restoration, and reuse of existing historic structures to maintain the character of the Downtown's neighborhood; and WHEREAS, on August 15, 2022, th e Agency implemented the Business Renovation Grant Program (the "Program") with the goals of improving the condition and appearance of commercial buildings, increasing the number of commercial properties that can attract and accommodate tenants in the Downtown, and increase commercial occupancy rates and property values which will attract new businesses to the Downtown; and WHEREAS, the Plan also states that the City of Clearwater ("the City") will use all Agency tools and incentives available to revitalize the Downtown; and Page 1 of 7 WHEREAS, the Applicanti ntends to lease certain real property ("the Property") in the Downtown for commercial use; and VVHEREAS, on July. 2Oth, 2023, the Agency received an application from the Applicant (the "Application"), a true and correct copy of which is attached to this Agreement as Exhibit"A", requesting financial assistance underthe Program to renovate the property located at 1315 Cleveland Street Clearwater, Florida 33755 (the "Property"), which roof replacement, install AC units, repave parking area, and repair dumpster gate. WHEREAS, the Applicant has represented that th e total one hundred and ninety- five thousand twenty-nine dollarsand sixty cents is ($195,029.60); and WH EREAS, the Agency finds that providingfinancial assistance for redevelopment of blighted real property is a permissible expenditure underthe Agency's approved budget and the Act; and WHEREAS, the Agen cy fin ds th at th e Property currently sits in a blighted state of existence; and WHEREAS, th e Agency finds th at the Project comports with and furthers th e goals, objectives, and policies of the Plan; and NOW, THEREFORE, in consideration of the mutual promises and covenant contained herein, the parties hereby agree as follows: 1. GENERAL 1. Recitals. The foregoing recitals are true and correct and are incorporated in and form a part of this Agreement. 2. Intent; Purpose of Aareement. The purpose .of this Agreement is to further the implementation of the Plan by providin g for the development construction , and continued and expanded operation of the Project in substantial compliance with the Application , all to enhance the quality of life, add new employees to the Downtown, and improve the aesthetic and useful enjoyment of th e Downtown through the eradication of conditions of blight, all in accordance with and in furtherance of the Plan and as authorized by and in accordance with the Act. II. APPLICANT RESPONSIBILITIES 1. Development of the Proiect. The Applicant shall redevelop the Property in su bstantial complian ce with the Project and the Application .The Appli cantsh all complete all Project work within twelve (12) months of the Effective Date. M. AGENCY -RESPONSIBILITIES Page 2 of 7 1. Grant Funding. The Agency shall reimburse the Applicantfor fifty percent (50%) of the Eligible Projects Cost up to a maximum of ninety-seven thousand five hundred and fourteen dollars arid eighty cen ts ($97,514.80) (reimbursement fu n ds") as provided under the Program, payable within thirty (30) days after verification by the Agency that the Project work has been completed and evidence that the Applicant has actually incurred these Project costs to the satisfaction of the Agency s Director. Tenant improvements shall include only such iMprovements and repairs that are permanently affixed to the Property to improve or customize commercial office space of the Property for the needs of the Applicant. The Agency's Director retains sole discretion to determine whether any tenant improvements which the Applicant seeks reimbursement for actually meet the requ tremen ts of this Section111(1). If the Director determines that anyten ant improvement the Applicant seeks reimbursement for does not meet the requirements of this Section 111(1) then the Parties agree that the Director's decision is final, the Agency shall not owe any monies to the Applicant for the requested reimbursement and the Applicant shall have no recourse against the Agency. IV. APPLICANT DEFAULT 1. Failure to Complete Proiect Work. If the Applicant fails to complete all Project work in substantial compliance with the Project and the Application within twelve (12) months of the Effective date, then the Parties agree that the Applicant shall be in default underthis Agreement this Agreement shall immediately become null and void, and the Agencywill have nofurtherresponsibilityto the AppliCant, including but riot limited to the responsibility to tender the reimbursement funds to the Applicant. 2. Other Events of Default. In :addition to the foregoing event of default, the occurrence of any one or more of the following events after the Effective Date shall also .constitute an event of .default by the Company: A. The Applicant shall make a general assign mentfor the benefit °fits creditors, or shall admit in writing its inability to payits debts as they become due or shall file a petition in. bankruptcy, Or shall be adjudicated a ban kru pt or insolvent, or shafl. file a petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation or shall file an answer admitting, or shall fail reasonablyto contest the materiai allegations ofa petition filed against it in any such proceeding, or shall seek or consentto or acquiesce in the appointment of any trusteei receiver or liquidator of the Applicant or any material part of such• entity's properties; or B. Within sixty (60) days afterth.e commencement of arty proceeding by or against the Applicant seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute; law or regulation, such proceeding shall not have been dismissed or Otherwise terminated, or if, within sixty (60) days after the appointment without the consent or acquiescence of the Applicant of any Page 3 of 7 trustee, receiver or liquidator& any of such entities or of any material part of any of such entity's properties, such appointment sh all not have been vacated. 3. Actency's Remedy Upon Certain Aoplicant Default '(n the event of default and if the Applicant has failed to cure the default within the allotted time prescribed under Section IV(4), then the Parties agree that a) this Agreen-ient shal I be null and void; b) that theAgen cy will have no furtherresponsibilityto the Applicant, including the responsibility to tender any remaining reimbursementfunds to the Applicant and c) that if the Agency hastendered reimbursement funds to the Applicant, the Agency shall be entitled to the return of all reimbursement funds plus default interest at a rate of ten percent (10%) startingfrom the date of default 4. Notice of Defaultand Opportunity to Cure. The Agen cysh all provide written notice of any defaultunderth is Agreement and provide the Applicanttnirty (30) days from the date the notice is sentto cure the defau It if it is an event listed under Sections IV(2). This notice will be deemed sentwh en sent by first class mail to the Applicant's notice address or when delivered to the Applicant if sent by a different means. V. MISCELLANEOUS 1. Notices. All notices, demands, requests for approvals or other communications giiten by either party to another shall be in writing, and shaft be sent to the office foreach party indicated below and addressed as follows: To. the Applicant: Jim Mathers Energy Professionals, LLC Clearwater, Florida 33755 To th e Age n cy: Community Redevelopment Agency of the City of Clearwater P.O. Box 4748 Attention: Director with copies to: City of Clearwater PO. Box 4748 Clearwater, Florida 33758 Attention: Clearwater City Attorney 2. Unavoidable Delay. Any .delay in performance of or inability to perform any obligation underth is Agreement (oth er than an obligation to pay money) du e to anyevent or con clition described in this Section as an event of "Unavoidable Delay" shall be excused in the Manner provided in this Section. "Unavoidable Delay" means any of the following events or conditions or any combination thereof: acts of God, acts of the public enemy, riot, insurrection, war, pestilence, archaeological excavations required by law, unavailability of materials after timely ordetin.g of same, building moratoria, epidemics, quarantine restrictions, freight embargoes, fire, lightning, hurricanes, earthquakes, tornadoes; floods, extremely abnormal and excessively inclement weather (as indicated by the records of the local :weather bureau for a five year period .preceding the Effective Date), strikes or labor Page 4 of 7 disturbances, delays due to proceedings: under Chapters 73 and 74, Florida Statutes, restoration in connection with any of the foregoing or any other cause beyond the reasonable control of the pat/ performing the obligation in question, including, without such causesas may arise. from the act of the Other party to this Agreement, or acts of any governmental authority (exceptth at acts Of the Agency shalt n otconstituta an Unavoidable Delay with respect to performan ce. by the Agency). An application by any party hereto for an extension .oflirne pursuantto th is Section must be in writing, must set forth in detail the reasons and causes of delay, and must be filed with the other party to thisAgreement within th irly(30) days fol lowing th e occurrence of the event or condition causing the Unavoidable Delay or thirty (30) days following the party becoming aware (or with the exercise of reasonable diligence should have become aware) of such occu rren de. The pony shall be entitled tip an extension of time for an Unavoidable Delay only for the number of days of delay due solely to the occurrence of the event or Condition causing Such Unavoidable Delay and on lyto the exten tth at anysuch occu nen ce actually delays that party from proceeding with its rights, duties and obligations under this Agreement affected by such Occurrence. In the event the party is the Applicantthen the Agency's Executive Director is authorized to grant an extension of time for an Unavoidable Delay for a period of up to six (6) months. Any further requests for extensions of time from the Applicant must be agreed to and approved by the AgenWs trustees. 3. •Indemnifibation. •The Applicant agrees to assume all risks of inherent in this Agreement and all liabilitytherefore, and shall defend, indemnify, and hold harmlessthe Agency and the City of a Clearwater, a municipal corporation (Lthe City'), and the Agency's and the City's officers, agents, and employees from and against any and all claims of loss, liability and damages of whatever nature, to persons and property, including, without iirnitin:g th e generality of the foregoing, death of any person and less of the use of any property, exceptclaims arisin g from the n egl igence of the Agen cy, the City; or the Agency's or the City's agents or emoioyees. This includes, but is not limited to, matters arising out of or claimed to have been caused by or in any mannerrelated to the Applicant's activities or those of any approved or unapproved inVitee, contractor, subcontractor, or other person approved; authorized, or permitted by the Applicant whetheror not based on negligende. Nothing herein shall be coo-hied as consent by the Agencyor the City to be sued by third parties, or as a waiver or modification of the provisions or limits of Section 76.828, Florida Statutes, or the Doctrine of Sovereign lmmu nity. 4. Assignability; Complete Agreement This Agreement is non-assignable by either party and constitutes the entire Agreement between the Applicantand the Agency and all prier or contemporaneous oral and written agreements or representations of any nature with reference to the subject of the agreement are canceled and superseded by the provisions of this agreement. 5. Applicable Law and Construction. Tb e laws of the State of Florida Shall govern the validity, performance, end enforcement of this Agreement This Agreement has been Page.5-of 7 negotiated by the Agency and the Applicant and the Agreement, including, without limitation, the exhibits, shall notbe deemed to have been prepared by the Agen cy or the Applicant, but by all equally. 6. Severabilitv. Should any section or part of any section of this Agreement be rendered void, invalid, or unenforceable by any court of law, for any reason, such a determination shall not render void, invalid, or unenforceable any other section or any part of any section in this Agreement. T. •Amendments. This Agreement cannot be changed or revised except by written amendment signed by the Parties hereto. 8. Jurisdiction and Venue. For purposes of any suit, action or other proceeding arising out of or relatin g to this Agreement the parties hereto do acknowledge, consent and agree that venue thereof is Pinellas County, Florida. Each party to this Agreement hereby subMits to the jurisdiction of the State of Florida, Pinellas County and the courts th ereof and to the jurisdiction of the United States District Cou rtfor the Middle District of Florida, for the purposes of any su it, action or other proceeding arising out of or relating to this Agreement and hereby agrees not to assert by way of a motion as a defense Or otherwise that such action is brought in an inconveni6ntforu m or th at th e venue of such action is improper or that the subject matter thereof may not be enforcedin or by such courts. If, at any time during the term of this Agreement, the Applicant is not a resident of the State of Florida or has no office, employee, agency, registered agent or general partner thereof available for service of process as a resident of the State of Florida, or if any pemtitted assignee thereof shall be a foreign corporation, partnership or other entity or shall have no officer, employee, agent, or general partner available for service of process in the State of Florida, the Applicant h ereby designates the Secretary of State, State of Florida, its agentfor the service of process in any court action between it and the Agency arising out of or relating b this Agreement and such service shall be made as provided by the laws of the State of Honda for service upon a nonresident provided, however, that at the time. of service on the Florida Secretary of State, a. copy of such service shall be delivered to the Applicantat the address for notices as provided in Section V(1). 9. Termination. If not earlier terminated as provided in this Agreement, the term of this Agreement shall expire, and thisAgreement shall no I on gerbe of anyforce and effect on two years of the anniversary Effective Date. COMMUNITY REDEVELOPMENT .AGENCY OF THE CITY OF CLEARWATER, FLORIDA By:' Jesu Nino, CRA Executive Director Community Redevelopment Agency Page. 6 of 7 Approved as to form: Attest: Michael P. Fuino CRA Attorney Applicant By: Title: Its: .4 • Rosemarie Call ‘` ovELo°,i4 City Clerk 4 a`l'O>epR .V T� CORSq 5 oRID nu insult usiness Owner 2'.51 i eta vetoxIk s.,\\ • c \.tor i 3m55 Address STATE OF FLORIDA 1 COUNTY OF PINELLAS The foregoing instrument was arknowledged before me by means of physical day of l` (�.c .by.2i a -`t" presence or online notarization, this 1 Y PUBLIC My Commission Expires: Personally Known Type of Identification Produced JEANN1E D. MASTORIDES Notary Public State of Florida Comm* HH349644 Wires 1/22/2027 OR Produced Identification X Notary Public Page 7 of 7