317-99 RDA (1)

8/15/2019 317-99 RDA (1)

http://slidepdf.com/reader/full/317-99-rda-1 1/10

RESOLUTION

3 1 7 -

99E S O L U T I O N

OHE

CHAIRMAN AN D

M E M B E R SOF

THE

MAM

EACH

REDEVELOPMENT

AGENCY,

APPROPRIATING

74

638

ROM

VAILABLE 1 9 9 8

TAX

N C R E M E N T

R E V E N U E

BONDS

IN

R D E R TO

FUND

E C H A N I C A L PERMIT

FEES

AN D

W A T E R

ANDSEWER

HOOK-UP

FEES

FOR

THE

ROYAL

P A L M

CROWNE

PLAZA

RESORT

P R O J E C T

IN A C C O R D A N C E

WTH

SECTON

3

OF

HE

HOTEL

E V E L O P M E N T

A G R E E M E N T

B E T W E E N

THE

MIAMI

BEACH

REDEVELOPMENT

AGENCY

AN D

R D P

R O Y A L

PALM

L IMITED

PA RT NE RS HI P .

W H E R E A S ,

Oay

28,

998,

the

Mami

Beach

R e d e v e l o p m e n t

Agency


Agency )

an d RDP

Roya

P a l m

Hotel

LmtedPartnership (

e v e l o p e r ) e x e c u t e d

the

Lease

g r e e m e n t ,

the

Hote

e v e l o p m e n t

Agreement

a n d o t h e r

related

a g r e e m e n t s

fo

he

e v e l o p m e n t

a n d

operationoheo y a l

Pamr o w n e

Paza

esort

ini a m i

B e a c h , F l o r i d a ;

and

WHEREAS,in

c c o r d a n c e

wth

ection

6.

3

)

o

he

Hotel

D e v e l o p m e n t

A g r e e m e n t ,

the


A g e n c y

is

esponsible

for

a y i n g

any

a n dal

ermit fees r e q u i r e d

to

e

o b t a i n e d

from

theCty

o

am

B e a c h

fohe

onstruct ion

o

he

hote,hich i n c l u d e

without

l i m i t a t i o n ,

al

u i l d i n g

p e r m i t

a p p l i c a t i o n s ,

i n s p e c t i o n

and

c e r t i f i c a t i o n

f e e s and

mpact

and

c o n n e c t i o n

ees

hat

the

Cty

evies t h r o u g h its

Pubic

orks

and

B u i l d i n g D e p a r t m e n t s ; a n d

W H E R E A S , f u n d i n g

n e e d s

to

be

a p p r o p r i a t e d from

time

to

timnr d e r

to

pay

aid permit

eess

requred.O W ,

T H E R E F O R EBE

IT

DUY

ESOLVED BY

TH E

CHAIRMAN

AN D MEMBERS OF

THE MIAMI

B E A C H

R E D E V E L O P M E N T

AGENCY,

that

he

Chairman

a n d

M e m b e r so

he

Mam

Beach

e d e v e l o p m e n t A g e n c y a u t h o r i z e the

a p p r o p r i a t i o n

o

74

38

from

available

1998

Taxn c r e m e n t

R e v e n u e

B o n d s inr d e r

to

und

m echanical

permit

fees

and

a t e r

and

ewer

hook- up f e e s

for the

Roya

Palm

Crowne

P l a z a Resort

project

in

a c c o r d a n c e

with

Section

6

3

a

o

theotel

Development A g r e e m e n t

b e t w e e n

the

M i a m i

Beach

e e v e l o p m e n t

Agency

a n d

R D P

Roya

Pam

i m i t e d

P a r t n e r s h i p .

PASSED

AND

ADOPTED

t h i s

14h

dayo

prl,

1 9 9 9

E

H A I R M A N

8/15/2019 317-99 RDA (1)


EXHIBIT ,~

Exhibit

6.

3

a

EES

BUILDING

P E R M I T

A l t e r n a t i o n s

Repairs

A\

mngs&

a n o p i e s

C o n c r e t e

Slab (

Other

Than

a v i n g )

D e m o l it io n

O

Building

Eevator

H o i s t w a y

C o n s t r u c t i o n

F e n c e

And/

O

WaIls

L a n d s c a p i n g

New

u i l d i n g

And

O

Additions

New

Building

Other

P a i n t i n g

Parking

Area

Lighting

Paving

R o o f i n g (

Including

Re-

Roofmg)

Signs

S w i m m i n g

Pools

W i n d o w s ,

Exterior

Doors,

t o r e f r o n t s &

Fxed

l a s s

CERTIFICATE

OF

C C U P A N C Y

Certificate

O

Completion

F i n a l

Certificate

O

ccupancy

T e m p o r a r y

Certif icate

O

ccupancy

E L E C T R l C A L

PERMIT

FEE

o m b i n a t i o n s

E q u i p m e n t

Outlets

O

P e r m a n e n t

Connections

Fre

Detections

Sysems

Fxtures

G e n e r a t o r s f T r a n s f o r m e r s ,

Commercial

H e a t i n g

Equipment &

Strip

Heaters

M a c h i n e

Oulets

O

P e r m a n e n t

Connectors

Master

T e l e v i s i o n s ,

Intercom,

Burglar

Alarm,

Telephone &

Radio

P l u m m o l d

Rough

Wiring

O u t l e t s

Services

Signs

Special

Purpose

Outlets (

o m m e r c i a l

Streamers

O

Festoon

Lights

S w i m m i n g

Poo

L i g h t i n g

S w i t c h b o a r d s

W 6 -

8/15/2019 317-99 RDA (1)


u;.

a

if,

t' .,.

j.

Welding

Machine

Outlets

MECHANICAL

PERMIT

FEE

Air

Conditioning &

Refrigeration

Amusement

Rdes

And

Devices

Boilers

And

Pressure

Vessels

Duct

Work

Elevators,

Escalators &

Other

Lift ing

Apparatus

Furnaces

And

Heating

Equipment

Internal

Combustion

Engines

Storage

Tanks

For

F l a m m a b l e

Liquids

OTHER

FEES:

Fire

Processing

Fees

Interim

General

And

Proprietary

Fees

Marine

Structure

Fees

Miami

Beach

Training

Fees

Parking

Im pact

Fees

Radon

Fees

Zoning

Processing

PLUMBING

PERMITTING

FEES:

Condensate

Drains

Drainage

Fire

Control

Sys tems

Mnimum

Plumbing

Fee

Per

Permit

Miscel laneous

Natural

Gas

And

Liquef ied

Petro leum

Rough &

Set

Fixtures

Septic/

Settling

Tanks,

Oil

Interceptors

And

Grease

Traps

Sewers

Stonn &

Sanitary

Utility

And/

Or

Collector

Lines

Temporary

Toilets

Water

And

Gas

Mains

Water

Heaters (

Electrical Or

Gas)

Water

Piping

Water/

Sewage

Treatment

Plants &

Li f tlPlum bing

Stations

PREWSE

PERMIT:

Initial

And

Final

Premise

Permit

Fee

T E L E P H O N E

SYSTEM:

W 6 -

M I 9 6 2 6 I

0 .

8/15/2019 317-99 RDA (1)


Section

6

Developer'

s

o n t r i b u t i o n s .

Developer

has

provided

the

Funded

Equity.

D e v e l o p e r

shal

a l s o

p r o v i d e

all

o

the

u n d s

necessary

to

o m p l e t e

C o n s t r u c t i o n

o

the

P r o j e c t .

S e c t i o n

6

3~

a

tv

Perm it

F e e s .

Agency

agrees

hereby

o

a s s u m e

p a y m e n t

r e s p o n s i b i l i t y

fo

ny

and

al

Permits,

o w

or

hereafter,

e q u i r e d

to

be

o b t a i n e d

from

the

C i t y

for

the

c o n s t r u c t i o n

o

the

Hote,

which

include,

wthou

limitation,

uldng

permit


inspection,

c e r t i f i c a t i o n ,

i m p a c t

and

c o n n e c t i o n

fees

that

t h e

City

may

e v y

by

o

through

its

ublic

Works

D e p a r tm e n t (

i n c l u d i n g ,

without

l i m i t a t i o n ,

water

and

s e w e r

fees)

nd

those

f e e s

lised

on

x h i b i t

63

)

ttached

hereto

and

i n c o r p o r a t e d

by

r e f e r e n c e

h e r e i n

and

in

the

Cty

of

Miami

B e a c h

Building

D e p a r t m e n t

Fee

S c h e d u l e ,

a

m ended

t h r o u g h S e p t e m b e r

16

992

by

O r d i n a n c e

N u m b e r

92-

2 7 9 6 ,

o

he

mQS

c u r r e n t

edition

adopted

by

he

ity,

which

fe e

s c h e d u l e

is

e r e b y

incorporated

by

e f e r e n c e

and

made

a

art

o

his

Ag reem ent (

o l l e c t i v e l y , the Fees ).

Agency

hall

r e m a i n

r e s p o n s i b l e

fo

a y m e n t

o

h e

Fees

otwithstanding

an y

and

all

m o d i f i c a t i o n s

or

h a n g e s

in

rice

srucure

as

mposed

by

the

City

or

any

othe

o v e r n m e n t a l

A u t h o r i t y

authorized

to

m p o s e

such

ees.

A g e n c y

a c k n o w l e d g e s

that

he

D e v e l o p e r or

an

A f f i l i a t e

has

a id

al

p p l i c a b l e

fees

t h u s

far

in

the

nterest

o

x p e d i t i n g

the

C i t y

o

Miami

Beach

Desgn

Review

Board

and

Cty

o

i a m i

Beach

Historic

P r e s e r v a t i o n

Board


and

Agency

a g r e e s

to

e i m b u r s e

D e v e l o p e r ,

p r o m p t l y

fol lowing

the

date

h e r e o f ,

fo

he

F e e s

o

ny

p o r t i o n

thereof

pad

by

D e v e l o p e r

o r

an

f f i l i a t e

o

or

which

D e v e l o p e r

otherwise

q u a l i f i e s .

b

o n -

Citv

Permi t

F e e s .

Agency

wll

o o p e r a t e

with

D e v e l o p e r

in

n

effort

to

e r s u a d e

M e t r o p o l i t a n

Dade

C o u n t y

to

waive

its

ees

elating

to

he

P r o j e c t .

To

he

extent

tha

e t r o p o l i t a n

Dade

C o u n t y

does

not

wave

the

m p a c t ,

c o n n e c t i o n

and

service

fees

now

o

ereafter

i m p o s e d

by

-

fiam

Dade

Water

and

S e w e r

Authority

pursuant

to

Ordinance

No.

88

12,

S e c t i o n

1

ubchapter

7

ated

D e c e m b e r

6

988,

s

updated (

collectively,

the

o n n e c t i o n

Fees ),

g e n c y

shall

pa y

the

Connection

Fees

when

due

on

ehalf of

D e v e l o p e r .

Developer

a g r e e s

to

e i m b u r s e

the

Agency

for

the

onnection

F e e s ,

together

with

interest

thereon

at

i g h t

percent (

8%

er

annum

in

h r e e

h u n d r e d (

300)

q u a l

m o n t h l y

i n s t a ll m e n t s

of

p r i n c i p a l

and

interest

commencing

on

the

Hote

O p e n i n g

D a t e ;

p r o v i d e d ,

h o w e v e r ,

in

the

vent

o

a

ale

o

he

Hotel

r e q u i r i n g

payment

o

he

P u r c h a s e

P r i c e

in

ul

to

Ovmer,

Developer

shall

pay

the

entire

outstanding

balance

p l u s

al

c c r u e d

interest

due

on

th e

C o n n e c t i o n

Fees.

Section

6

E x p e d i t e d

Processin~.

The

it y

s h a l l

m a k e

reasonable

efforts

to

p r o v i d e

fo

x p e d i t e d

h a n d l i n g

o

all

review

b o a r d

h e a r i n g s

a n d /

or

pemt

8/15/2019 317-99 RDA (1)


EXHIBIT

B

Section

35

3. I n d e m n i f i c a t i o n .

a

enant

h e r e b y

i n d e m n i f i e s

ando l d s

harmless

the

wner

I n d e m n i f i e d

P a r t i e s

from and

a g a i n s t

any

and

al

n v i r o n m e n t a l D a m a g e s

to

the

r e m i s e s during the

termo

ths

L e a s e , e x c e p t

to

the

extent

any

such

n v i r o n m e n t l Damage

is

aused,

permitted,

a l l o w e d ,

suffered

or

c o n t r i b u t e d

to

directly

or i n d i r e c t l y ,

by

anyo

the

wner


P a r t i e s

prior

tohe

C o m m e n c e m e n t

Date.

u c h obligation

o

enant

shall

include

the

burden

a n d

expense

of defending

alc l a im s ,

sus

and

d m i n i s t r a t i v e

proceedings (

wth

ounsel

r e a s o n a b l y s a t i s f a c t o r y

to

w n e r ,

even

if

uch c l a i m s ,

suts

or

proceedings

are

r o u n d l e s s ,

fase

or

fraudulent,

and

conducting

all

n e g o t i a t i o n s

o

ny

d e s c r i p t i o n ,

and

paying

andi s c h a r g i n g ,

w h e n

and

as

the

am e

b e c o m e

due,

any

and

al

u d g m e n t s , p e n a l t i e s

o

ther

sums

due

a g a i n s t

an y

o

thewner

I n d e m n i fi e d P a r t i e s .

Tenant'

sb l i g a t i o n s

shall

no

appy

w i t h

respect

to

n v i r o n m e n t a l

a m a g e s

resuting

from

E n v i r o n m e n t a l

C o n d i t i o n s e x i s t i n g

in

the

L a n d

prior

to

he

execution

h e r e o f

regardless

of

whether

the

ame

w e r e

c a u s e d

by

an y

o

the

wner

Indem nified

Parties).

i t h o u t

limiting

th e

f o r e g o i n g ,

if

he

presence

or

R e l e a s e onor

from

the

r e m i s e s

caused

or

perm itted

by

e n a n t

resuts

n

c o n t a m i n a t i o n

o

he

r e m i s e s ,

Tenant

shall

p r o m p t l y

takeall

a c t i o n s

at

its

ole

cos

nd

e x p e n s e

a

re

necessary

to

remediate

t h e

Premises

in

ompiance

with


Laws

in

f fect

f r o m

time

to

im e

and

to

c o m p l y

wth

ny

e q u i r e m e n t s

i m p o s e d

by

ny

G o v e r n m e n t a l

A u t h o r i t i e s ; provided

t h a t

Owner'

s

p p r o v a l

ouch

a c t i o n s s h a l l

firs

be

obtained,

which

a p p r o v a l

s h a l l

no

be

u n r e s o n l y

withheld.

b

wnerh e r e b y

i n d e m n i f i e s

ando l d s

harmless

the

enant


P a r t i e s

from and

a g a i n s t

any

and

al

n v i r o n m e n t a l

D a m a g e s

resuting

from


C o n d i t i o n s

e x i s t i n g prior

to

he

C o m m e n c e m e n t

Date,

but

only

in

he

Land

and

p e c i f i c a l l y

excluding

the

I m p r o v e m e n t s .

S u c h

obligationo

wner shall

include

the

burden

a n d

expense

of

defending

al

c l a i m s ,

sus

and

d m i n i s tr a t i v e

p r o c e e d i n g s (

wth

ounsel

r e a s o n a b l y

s a t i s f a c t o r y

to

T e n a n t ,

evenif

uch

c l a i m s ,

suts

or

proceedings

are

g r o u n d l e s s ,

fase

or

fraudulent,

and

conducting

all

n e g o t i a t i o n s

o

ny

d e s c r i p t i o n ,

and

paying

and

i s c h a r g i n g ,

w h e n an d

as

he

a m e

b e c o m e

due,

any

and

al

u d g m e n t s ,

p e n a l t i e s

other

sums

due

a g a i n s t

any

o

the

enant


Partes

c

o t w i t h s t a n d i n g

a n y t h i n g

to

he

ontrary

contained

herein,

O w n e r

agrees

to

ake

u ch

action

as

necessary

tom m e d i a t e l y

remove

the

n d e r g r o u n d

s t o r a g e

t a n k (

s,

if

any, l o c a t e d

on

he

Premises;

to

x p e d i t i o u s l y

undertake

such

uthe

a s s e s s m e n t ,

rem ediation,

a n d m o n i t o r i n g

othe

sol

and

ground

w a t e r

i m p a c t e d

by

he

R e l e a s e

from

s u c h

t a n k (

s,

f

any,

as

required

unde

p p l i c a b l e


L a w s ;

and

toake

u ch

action

as

n e c e s s a r y

to

o b t a i n

a

No

uthe

Action

d e t e r m i n a t io n

from

DE R M or

DEP

if

equred

under

E n v i r o n m e n t a l Laws.

Owner

sha

use

e a s o n a b l e

efforts

to

n d e r t a k e

theo rk

d e s c r i b e d

in

h is

S e c t i o n

35.

(

c

n

u c h

a

manner

as

to

i n i m i z e

d i s r u p t i o n

to

nd

o

avoid

d e l a y i n g

Tenant

s

pans

to

renovate

and

develop

the

P r e m i s e s .

Owner

agrees

that

in

onnection w i t h

th e

w o r k

described

in rli'

is

Section

35.

3

)

it

ll

provide

to

enant

al

c o r r e s p o n d e n c e ,

reports,

s t u d i e s

and

other

documents e x c h a n g e d

between

8/15/2019 317-99 RDA (1)


Owner,

its

consultants,

and

DERM

or

DEP

promptly

after

those

documents

are

prov ided

to

or

received

from

DERM

or

DEP.

Section

35

4

o m p l i a n c e .

T e n a n t ,

at

its

ole

cos

and

x p e n s e (

except

as

t h e r w i s e

p r o v i d e d

in

his

Lease),

hal l

comply

and

cause

the

otel

M a n a g e r

and

ll

S u b t e n a n t s

to

o m p l y

wth

l


Laws

w i t h

r e s p e c t

to

he

use

n d

o p e r a t i o n

o

th

Prem ises.

S e c t i o n

35

.

otices.

If

T e n a n t

o

w n e r

r e c e i v e s

any

notice

of

ae l e a s e ,

Theat

oe l e a s e or


C o n d i t i o n

o

o t i c e

wth

egard

to

r

emissions,

water

discharges, n o i s e

e m i s s i o n s ,

recycing,

i o l a t i o n

of

any


Law

o

ny

other

e n v i r o n m e n t a l ,

health

oa f e t y

m a t t e r

affecting

T e n a n t

o

the

remises (

n


C o m p l a in t )

n d e p e n d e n t l y

or

by

notice

from

any


A u t h o r i t y

having

jurisdiction

over

the

P r e m i s e s

i n c l u d i n g

the

EP

A

or

wth

respect

to

ny

i t i g a t i o n

r e g a r d i n g


C o n d i t i o n s

a

r

about

the

P r e m i s e s ,

then

such

party

shall

gve

prompt

o r a l

and

r i t t e n n o t i c e

o

same

to

he

other

party

d e t a i l i n g

al

relevant

facts

a n d

c i r c u m s t a n c e s .

Section

35

6

w n e r '

s

emedes

r o v i d e d

Tenant d o e s

no

dligently

commence

to

e m e d i a t e

the

pplicable


C o n d i t i o n s

p romp t l y

after

becoming

aware

o

he

same

and

h e r e a f t e r

d i l i g e n t l y

pursue

the

c o m p l e t i o n

t h e r e o f

in

a

e a s o n a b l e

me

nd

in

any

vent

in

c c o r d a n c e

with

R e q u i r e m e n t s ,

O w n e r

shall

have

the

right,

bu

not

the

b l i g a t i o n ,

to

n t e r

ono

h e

Premises

or

remedate

the

r e m i s e s

in

o m p l i a n c e

with


L a w s

in

f f e c t

from

time

to

tme

and

o

c o m p l y

wth

any

r e q u i r e m e n t s

i m p o s e d

by

ny


A u t h o r i t i e s

upon

its

b t a i n i n g

k n o w l e d g e

o

u c h

m a t t e r s

i n d e p e n d e n t l y

or

by

receipt

o

ny

n o t i c e f r o m

any

Person,

i n c l u d i n g

the

EP

A

e c t i o n

35

.

e f a u l t s .

Except

to

the

xtent

th e

same

is

matter

f o r

which

O w n e r

is

e s p o n s i b l e

p u r s u a n t

to

ection

35

3(

b

bove

o

e l a t e s

to

an


C o n d i t i o n

caused,

e,

p e r m i t t e d ,

s u f f e r e d ,

c o n t r i b u t e d

to

o

l l o w e d

by

an

w n e r


P a r t y

prior

to

he

o m m e n c e m e n t

Date

he

o c c u r r e n c e

of

any

o

he

following

e v e n t s

s h a l l

c o n s t i t u t e

an

v e n t

o

Defaul t

under

ths

e a s e :

a

if

he

EPA

o

ny

other

federal,

s t a t e

o

ocal

b o d y

or

agency

c r e a t e s

a

ien

upon

the

P r e m i s e s

w h i c h

is

n o t

d i s c h a r g e d

by

p a y m e n t

or

b o n d i n g

within.

ninety (

90)

a y s ;

or

b

f

the

EPAr

any

other

federal,

sate

or

local

body

or

a g e n c y

makes

a

l a i m (

w h i c h

shall

mean,

fo

the

p u r p o s e s

o

his

Section

35

7

ssuance

of

a

arning

notice,

i t a t i o n ,

notice

of

violation

o

d m i n i s t r a t i v e

compaint)

8/15/2019 317-99 RDA (1)


8/15/2019 317-99 RDA (1)


Miami

Beach

Redevelopment

Agency

1700

onvention

Center

Dive

Miami

Beach,

Forida

33139

Teephone (

305

673

295

F a x : (

305)

673-

7772

E D E V E L O P M E N T

AGENCY

M E M O R A N D U M NO.

99 ,g

Apr

14,

1999

TO

C h a i rm a n

and

Members

o

the MamiBeach

e d e v e l o p n

g e n c y

F R O M : Sergio

Rodriguez

E x e c u t i v e

Drector

SUBJECT:

THEH A I R M A N

AND

E M B E R S

O

HE

IAMI

B E A C H

RED

O P M E N T

AG E N C Y ,

APPROPRIATING $74

38

FROM

AVAILABLE

1998

TAX

N C R E M E N T

R E V E N U E

BONDS

INRDER

TO

UNDMECHANICAL

PERMIT FEES

AND

W A T E R

AND

EWER HOOK-

UP

F E E S

FOR THE

ROYAL

PALM

ROWNE

PLAZA

RESORT

PROJECT

INCCORDANCE

WITH S E C T I O N 6

3a

O

THE

OTEL

D E V E L O P M E N T

A G R E E M E N T BETWEEN

THE

MAME A C H

R E D E V E L O P M E N T

A G E N C Y

A N D R D P

ROYAL

PALM

IMITED

P A R T N E R S H I P .

A D M I N I S T R A T I O N R E C O M M E N D A T I O N :

Adop

the

e s o l u t i o n .

B A C K G R O U N D :

P u r s u a n tto

S e c t i o n

6

3

a

f

the

e v e l o p m e n t

A g r e e m e n t b e t w e e n

the

i a m i

Beach R e d e v e l o p m e n t

A g e n c y ( the

RDA)

and

RDP

o y a l

P a l m

Limited P a r t n e r s h i p ( the

d e v e l o p e r ) ,

the

RD A

is e s p o n s i b l e

for

paying

any

andal

permt f e e s

required

to

be

obtained

f romtheity for

the

o n s t r u c t i o n

o

he

hote l , w h i c h

i n c l u d e

without

lim itation,

al

building

p e r m i t a p p l i c a t i o n s ,

inspection

and

e r t i f i c a t i o n fees a n d

impact

and

onnection

fees t h a ttheity

l e v i e s

though

Public

Works

and

the

Building

D e p a r t m e n t .

A

is

of

a p p l i c a b l e

Building

D e p a r t m e n t

f e e s

isncluded

with

this

m e m o r a n d u m .

The

D A

has

been

p r e s e n t e dwthwo i n v o i c e s by

the

e t e l o p e r

o ne

ill

he

a m o u n t

oS25

240

for

C i t y

w a t e r a n d

s e w e r

i m p a c t a n d

c o n n e c t i o n

fees

and

the

ther

in

the

m o u n t

of $

49

9 8

for

m e c h a n i c a l

p e r m i t

8/15/2019 317-99 RDA (1)


ANAL

YSIS:

To

date,

the

RDA

has

paid $

1 3 6 ,

404.

31

n

Cty

permt

fees,

which

t e c h n i c a l l y

have

not

ee n

a p p r o p r i a t e d .

T h e s e

fees

include

the

an

u i l d i n g ,

e l e c t r i c a l , pumbing,

fire

and

d e m o l i ti o n

p e r m i ts .

A

the

ime

he


A g r e e m e n t

w as

a p p r o v e d

by

the

RDA

and

he

Cty

o m m i s s i o n ,

the

o n s t r u c t i o n b u d g e t

contained

in

he

e v e l o p m e n t A g r e e m e n t

r e f l e c t e d

a

line

item

for

Building

P e r m i t

F e e s

e s t i m a t e d to

be

n

the

m o u n t

o

51,

434

a k i n g

into

a c c o u n t

the

a y m e n t s

the

R D A

has

m a d e

to

ate

o

136

404.

1

and

the

p r o p o s e d a d d i t i o n a l

c o s t s p r e s e n t e d

h e r e i n

of $

25,

240

nd

49

98,

the

otal costs

to

d a t e

wll

be

11,

042.

31

h i c h e x c e e d s

the

b u d g e t

line

item

fo

ermit

Fees

by $

59

608.

31

u t u r e

additional

fees

wll

need

to

e

p a i d

and

ill

include

r e v i s e d

b u i l d i n g permit

fees,

r r i g a t i o n ,

roofing,

e r t i f i c a t e

o

ccupancy,

premise

p e r m i t

a n d other

f e e s .

Inddition

to

e r m i t fees,

he RDA

ay

be

e q u e s t e d

to

ssume

f u r t h e r

c o s t s

a

e s u l t

o:

1

arking

impact

fees that

wll

be

s s e s s e d

to

o m p l y

wth

parkng

e q u i r e m e n t s ,

per

the

contract,

fo

he

ne w

7

tory

r e p l a c e m e n t

tower

o r

the

Roya

P a l m

Hotel.

2

R e m e d i a t i o n

o

e t r o l e u m

contamination

f o u n d

on

i t e .3

o t e n t i a l

c o n c e s s i o n

o

he

g a r a g e

use

equested

by

the

d e v e l o p e r

in

r d e r

to

l e v e r a g e

additional

oan

o m m i t m e n t s

to

cover

a

shortfall

in

he

c o n s t r u c t i o n

budget

that

the

d e v e l o p e r

cams

s

as

a

esut

o

he

7

tory

t o w e r

r e p l a c e m e n t for

the

Roya

Pam

a r k i n g I m p a c t

fees

The

o y a l

Palm

wll

e q u i r e

m o d i fi c a ti o n

o

he


A g r e e m e n t

b e t w e e n

the

DA

and

he

RDP

to

provide

additional

s p a c e s

in

the

6

Street

Garage

o

he

ayment

o

arking

i m p a c t

ees

a s e d

on

the

p r e l i m i n a r y

pans

s u b m i t t e d ,

a

toa

o

0 7 a d d i t i o n a l s p a c e s

will

be

e e d e dto

a t i s f y

z o n i n g

r e q u i r e m e n t s .

U n l e s s a d d i t i o n a l

spaces

can

be

d e n t i f i e d

in

he

16th

Street

G a r a g e

and/

o

thn

1

200

e e t

of

the

site,

the

RDA

wi l l

have

to

ay

the

Cty

parking

impact

fees

e q u i v a l e n t

to,

00.

00

per

space,

as

rovided

in

the

Development

Agreement.

Upon

submission

o

final

p l a n s

ths

ssue

ll

be

addressed.

Pet ro leum

C o n t a m i n a t i o nO

e b r u a r y

5

9 9 9 , whi le

excavating

forthe

emaining

pile

caps

on

he

o r t h sde

o f t h e p r o p e r t y ,

the

ontractor

u n c o v e r e d

an

s t i m a t e d

1

00

c u b i c yardsof

petroeum

o n t a m i n a t e d

soil.

The

e v e l o p e r d i r e c t e d

the

o n t r a c t o r

to

have

the

sol

e m o v e d

and

i i c i n e r a t e d .

P u r s u a n t

ton

i n d e m n i f i c t i o n

c l a u s e

in

e c t i o n

35.

3

f

the

8/15/2019 317-99 RDA (1)


amount

of $

1 0 0 ,

0 0 0 .

It

s

n t i c i p a t e d

that

he

d e v e l o p e r

will

reject

the

claim.

On M a r c h

24h

and d i t i o n a l

area

o

uspected

p e t r o l e u m -

c o n t a m i n a t e d

sol

was

n c o v e r e d

unde

the

Shorecrest.

The

amount

a n d e x t e n to

he

em ediat ion

w a s

u n k n o w n

at

he

time

thsreport

was

w r i t t e n .

H o w e v e r ,

the

RDA

an anticipate

an

d d i t i o n a l

cam

or

c o m p e n s a t i o n

and possibly,

an

d d i t i o n a l

d e l a y

c l a i m

by

the

ontractor.

F i n a n c i a l

C o n c e s s i o n s

As

a

e s u l t

o

he

n e x p e c t e d

demolition

a n d r e p l a c e m e n t

of

the R o y a l

Pam

h e

developer

is

claim ing

e c o n o m i c h a r d s h i p

due

to

he

l l e g e d

ncrease

in

onstruction

costs a s s o c i a t e d

wth

he r e c o n s t r u c t i o n

of

the7-

tory

t o w e r

as

wel

as

the

o n s t r u c t i o n

d e l a y s

associated

wi th

the

rotracted

pre- e v e l o p m e n t s c h e d u l e

for

the

o t e l .

In

rde

to

e v e r a g e a d d i t io n a l

f i n a n c i n g

for

the

r o j e c t ,

the

e v e l o p e r

h a s

a p p r o a c h e d

the

i t y / RDA

e q u e s t i n g

a

deferral

of

annual

g r o u n d

lease

p a y m e n t s

for

25

e a r s and

a b a t i n g

p a y m e n t

of

the

Use

F e e

for

its

h a r e of

p a r k i n g spaces

in

the

6 th

Street

G a r a g e . Since

the

RDA

s

ebt

service

b l i g a t i o n s

preclude

a n y

c o n c e s s i o n s

on

a y m e n t

of

the

r o u n d

lease,

he

A d m i n i s tr a t io n

has

i n f o r m e d

the

d e v e l o p e r

that

he

ony

p t i o n a v a i l a b l e

fo

o n s i d e r a t i o n

is

the

b a t e m e n to

h e

garage

U se

Fee

inx c h a n g e

for

he

RDA

ot

paying

the

d e v e l o p e r the

a c i l i t y

Usage

F e e .

U n d e r

the

ems

o

he

a r a g e

Easement

A g r e e m e n t

wth

the

e v e l o p e r ,

the

DA

r e c e i v e s

ann n u a l

Use

e e

from

the

e v e l o p e r

o

5 6 ,

600 .

The

a g r e e m e n t

also

p r o v i d e s for

the

developer

to

share

in

the

gross

r e v e n u e

s t r e a m

g e n e r a t e d

by

th e

garage on

the

a s i s

of

awo-

t i e r e d

system.

In

h e

firs

tier,

the

d e v e l o p e r

receives

a

s a g e Fee

e q u a l

to

13

5 p e r c e n t

o

he

first $1

00,

000

in

rosse v e n u e s

net

o

taxes.

In

the

e c o n d

tier,

the

e v e l o p e r

receivesa

U s a g eFee

q u a l

to

6

6 percent

of

g r o s s

r e v e n u e s

in

x c e s s

o

,

00,

000.

In

e s s e n c e ,

the

irst-

tie

isn t e n d e d

as

a

r e d i t

against

the

nnual

U se

Fee paid by

the

e v e l o p e r .

The

developer

wil l s t i l l

be

u b j e c t

to

paying

parking

c h a r g e s for

ther

use

o

paces inthe

garage ,

at

a

ate

no

to

exceed

5 0

percent

of

the

s t a b l i s h e d

self-

park

rae

fo reach

pace u s e d

fo

a l e t o p e r a t i o n s .

The

eveloper

is

c o n s i d e r i n g

its

p t i o n s

a

h is

pont.

O N C L U S I O N S

In

c c o r d a n c e with th e

p r o v i s i o n s

of

the

e v e l o p m e n t

A g r e e m e n t ,

it

s

e c o m m e n d e d

that

fundsbe

a p p r o p r i a t e d

from

time

to

im e

to

ay

the

necessary

City

permit

f e e s

for

the

R o y a l

Pam

r o w n e

Paza

r o j e c t .

Upon

e c e i p t

of

r e q u e s t s

f r o m

the

eveloper

for

payment

o

e r m i t

fees,

the d m i n i s t r a t i o n

wll

ormalize

th e r e q u e s t s

in

the

or m

of

resolutions

a p p r o p r i a t i n g

the

r e q u i r e d

f u n d s .

In

his

case, the appropriation

r e q u e s t e d

is

for $ 74,

6 38

to

over

the

Documents

317-99 RDA (1)