332-99 RDA (1)

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8/15/2019 332-99 RDA (1)

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FAX 3059955340

PAD

C

4J

0 0 2

R D P

ROYAL

PALM

HOTEL

LP

c/

o

Peebles

Atlantic

D e v e l o p m e n t

Corporation

100

S

Eecond

Street,

Sute

4650

N a t i o n s B a n k

Tower

a

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

Pace

M i a m i ,

Florida

3 3 1 3 1

P h o n e (

305)

995

5330

Fax05)

995-

5340

N o v e m b e r

22,

1999

h r i s t i n a

Cuervo

A s s i s t a n t

Cty

Manager

C i t y

o

Miami

Beach

1700

C o n v e n t i o n

C e n t e r D.

Mam

Beach,

FL

33138

Re

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

Sol

l a i m s

D e a r C h r i s t i n a :

F u r t h e r

to

ur p r e v i o u s

discussions, a t t a c h e d

pease

lnd

an c k n o w l e d g e m e n t

leLter

from

Z u r i c h

I n s u r a n c e

C o m p a n ypertaining

to

thel a i m

fo

e c o v e r yo

costs

i n c u r r e d

from

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

soil

o n

the

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w1

ontinue

to

onitor

th e d e t e r m i n a t i o n

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effective

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M i a m i ,

FL

3131

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of

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Royal Palm]

loe

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o

iami

B c a c h 1 5 3 5 and

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ollins Avenue,

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URICH

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p o l i c y .

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akea

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Royal

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you

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any questions,

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ish

to

discuss

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mi r c c i l y

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8/15/2019 332-99 RDA (1)

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Miami

Beach

Redevelopment

Agency

1700

onvention

Center

Drive

Miami

Beach,

Florida

3 3 1 3 9

Teephone

305

673

19 3

Fax

305)

673

772

R E D E V E L O P M E N T A G E N C Y

M E M O R A N D U M

NO99

e c e m b e r

15

1999TO

Chairmanand

Members

of

the

iami

Beach

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

AgencyR O M :

Sergio

Rodriguez

Executive

Deco

UBJECT:

E S O L U T I O

m E

C H A I R M A N

AND

M E M B E R S

O

HE

IAMI

B E A C H

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

A G E N C Y ,

A P P R O P R I A T I N G

106,

463

74

ROM

LABLE

1998

TAX

N C R E M E N T

REVENUE BONDS

IN

ORDER

TO

EI M B URS E

RDP

ROYAL

PALM

I M I T E D

PARTNERSHIP

FOR

E M E D I A T I O N

COSTS

NCURRED IN

C O N N E C T I O N

W I T H

THE

ROYAL

PALM

ROWNE

PLAZA

E S O R T

PROJECT

IN

ACCORDANCE

WTHTHE

I N D E M N I F I C A T I O N

CLAUSE

IN

ECTION

O

HE

HOTEL

D E V E L O P M E N T

AGREEMENT

BETWEEN

TH E

M I A M I

B E A C H

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

AGENC Y

ANDD P

ROYAL

P A L M

L I M I T E D

PARTNERSHIP.

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 :

Adopt

th e

R e s o l u t i o n . A N A L Y S I S :

On

y

26

9 9 9 ,

the


A g e n c y

Board,

in

c c o r d a n c e

with

the

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

clause

in

e c t i o n

35

o

h e

Hotel

D 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


Agency

and

DP R o y a l

Pam

o t e l ,

LP(

he

D e v e l o p e r ) ,

a d o p t e d

a

e s o l u t i o n

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

3 9 ,

869

85

n

o r d e r

to

e i m b u r s e

the

Developer

fo

o s t s

incurred

with

the

remediat ion o

o n t a m i n a t e d

sol

o u n d

on

R o y a l

P a l m

ste

Itas

r e p o r t e d

at the

tim

ha

an

a d d i t i o n a l

areaof

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

had

b e e n

i d e n t i f i e d

on

th e

S h o r e c r e s t

ste

On

Juy

3999,

he

D e v e l o p e r

s u b m i t t e d

laim

to

the

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

A g e n c y

in

he

amount

of

34,

580or

cost

o

the

lean- up.

On

September

21

999,

h e

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

m

w i t h

th e

Developer

to

d d r e s s

certan

u t s t a n d i n g

i s s u e s ,

incudng

he claim for

r e m o v a l

o

he


fill

from

he

Shorecres t

ste

and

he

o u t s t a n d i n g

d e l a y

claim

in

the

amoun

o

36,

8 5

in

o n n e c t i o n

with

the

r e m e i t i o n

o f

t h e


8/15/2019 332-99 RDA (1)

6/6

tocertain

deficiencies

in the

s u p p o r t i n g

documentation, the

claim for

removal

of

the

contaminated

fill

would

have

to be resubmitted. The

Developer

has

since

complied

and

the

Administration,

outside counsel

and consultants have

thoroughly

reviewed

the

documentation

provided.

Based

upon

the

reviewof

s u p p o r t i n g

documentation, the Administration is

r e c o m m e n d i n g

that

the RDA

only

reimburse

1 0 6 , 463.

74

o

the

Developer,

to

he

extent

that these costs

a r e

not

covered

b ythe

e v e l o p e r

s

n s u r a n c e .The

e v e l o p e r

has

u b m i t t e d a

e p a r a t e

camto

ts

insurance

c a r r i e r

fo

recovery

of

coss

n c u r r e d

in

connection

with

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

sol.To

the

ex ten t

tha

n y

such

c l a i m

is

aid,

he

Agency

wll

e re imbu rsed

a c c o r d i n g l y

as

reflected

in

the

t t a c h e d

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

from

the

e v e l o p e r .

With

r e s p e c t

tohe

deay

laim,

th e

A d m i n i s tr a t i o n and

its

d v i s o r s

aeo n t i n u i n g

tov a l u a t e

the

e x t e n t (if

any)o

he

Cty

gency

s

exposure/

l i a b i l i t y .

Theeveloper

hasu b m i t t e d

addi t ional i n f o r m a t i o n

as

r e q u e s t e d

by

he

DA

i n c l u d i n g

alternate

c r i t i c a l

pahc h e d u l e s

andontractual

andn s u r a n c e

d o u m e n ts w h i c h

the

D A

has

f o r w a r d e d

fo r

review

by

its

o n s u l t a n t s .

Day

epor ts

and

arious o t h e r

o r r e s p o n d e n e

b e t w e e n

thee v e l o p e r ,theo n t r a c t o r , the

A r c h i t e c t

and

he

Projec t M a n a g e r

sti l l

need

tobe

a t h e r e d ,

inr d e r

toetermineif

ertain

c o n c u r r e n t

activi t ies

my

a v e

a c t u a l l y

c o n t r i b u t e d

to

any

deays

A

final

a s s e s s m e n t

o

any

o s s i b l e

deay

c a u s e d

in

onnection

with

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

might

nobe

p o s s i b l e

u n t i l

the

end

of

the

roject.

In

accordance

w i t h

the

provisionso

h e D e v e l o p m e n t

Agreement,

it

is

r e c o m m e n d e d

that fundng

in

th e

amount

of

106,

463.

74

e

p p ro p r i a t e d

to

ay

the

e c e s s a r y

c o s t s

associated

with thee m o v a l

o

the


soil

from

th e

S h o r e c r e s t

p r o p e r t y

SR

ffKOB ?

Documents

332-99 RDA (1)