1st amendment town park (1)

8/15/2019 1st Amendment Town Park (1)

1/4

l .-

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ITY

OF

MIAMI

BEACH

CTY

ALL

1700

O N V E N T I O N

CENTER

DRVE

MIAMI

BEACH

L O R I D A

33139

w w w , m i a m i b e a c h f l ,

gov

Ofice

o

the

Cty

M a n a g e r

T e l e p h o n e

305

673-

7010

F a c s i m i l e

305

6 7 3 -7 7 8 2

June

1

004

M.

Don

e e b l e s

RDP

R o y a l

Pam

Hoel,

L

O

550

Biltmore

Way

S u i t e

970

Coral

Gabes,

FL

33134

Dear

Mr.

Peebles:

n c l o s e d

please

fnd

an

e x e c u t e d

copy

o

the "

Frs

m e n d m e n t [

Re

Town

Pak]

to

g r e e m e n t

o

Lease

e t w e e n

R D P

Roya l

Palm

Hotet

Limited

P a r t n e r s h i p

an d

the

Mam

B e a c h

e e v e lo p m e n t

A g e n c y

fo r

your

f i l e s .

If

ou

have

any

u e s t i o n s ,

p l e a s e

do

n

esitate to

ontact

me

a (

305

73-

7010

i n c e r e l y ,

C

A s s i s t a n t

Cty

M a n a g e r

CMC/

ra

F

CMGRI$

A L L I C H R I S T I N I R D A I R O Y A L

PALM

1

T

A M E N D

TO

E A S E .

T O W N P A R K ,

TRM

E X E C U T E D ,

DOC

n c l o s u r e s

c

au


2/4

FIRST

AMENDMENT [

RETOWN

PARK]

TO

AGREEMENT

OFLEASE

FIRST

AMENDMENT

TO

AGREEMENT

OF

LEASE (

the

Amendment )

is

made and entered

into

as

of

the

14th

day

of

January,

2 0 0 4

byand

e t w e e n RDP

OYAL PALM

HOTEL

LMTED

A R T N E R S H I P

a

lorida

limited

partnership (

T e n a n t )

andIAMI

BEACH

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

A G E N C Y ,

aubl ic

body

o r p o r a t e

and

politic (

Owne"

W I T N E S S E T HA

w n e r

and

enant

e n t e r e d

into

an

g r e e m e n t

o

ease,

dated

Ma y

28

1998, (

h e

L e a s e ) ,

relating

to

rea

property

more

p a r t i c u l a r l y

descr ibed

t h e r e i n (the"

r o p e r t y )

and

ecorded

in

off ic ia l

B o o k

1 8 1 7 0 ,

aage

8 9 3 ,

o

he

Public

Records

of

Miami-

Dade

Coun t y ,

Foida

B.

Town

Pak

Hotel C o r p o r a t i o n ,

a

T e n n e s s e e c o r p o r a t i o n (

Town

Park ),

s

the

Hotel

M a n a g e r d e f i n e d

in

he

e a s e )

othe

H o t e l defined

in

he

L e a s e ) .

C

Town

Park

and

P

DC

R o y a l

Palm

H o l d i n g s ,

LLC ( orrower )

are

paties

to

that

c e r t a i n

Loan

Agreement

dated

Apil

30

2001 (

the

Loan

g r e e m e n t ) ,

whereby

T o w n

Park

agreed

to

convey

to

o r r o w e r

a

foty-

s e v e n

and

6/

100

e r c e n t47

6%)

Cass

limted

a r t n e r -

shp

nterest

in

Tenant

in

onsiderat ion

for

o r r o w e r '

s

x e c u t i o n

and

e l i v e r y

o f t h a t

certain

P u r c h a s e

M o n e y

Promissory

Notein

f a v o r

o

own

P a r k (

he

ote ),

which

N o t e

e v i d e n c e s

the

loan

by

o w n

Park

to

orrower (

he"

oan )

.

Town

P a r k

currently

h o l d sa

n e

p e r c e n t 1%

imted

par tne rsh ip

interest

in

enant.

E

Pursuant

to

e c t i o n

4

1(f)

o

he Loan

A g r e e m e n t ,

Town

P a r k

desires

to

confirm

that

the

Loan

will

be

r e a t e d

as

an

q u i t y

interest

in

enant

o r purposes

of

the

Lease

soo ng

as

the

Loan

is

u t s t a n d i n g .

NOW,

H E R E F O R E ,

in

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

o

h e

premises

a n d

for

other

o o d

and

aluable

c o n s i d -

e r a t i o n ,

the

receipt

and

suff iciency

o

h ich

ise r e b y

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

the

arties

agree

asfo-

lows:

1

e c i t a l s . T h e

f o r e g o i n g

recitals

are

t rue

and

orrect.

2

quty

Interest.Owner

a n d T e n a n t

hereby

a g r e e

tha

to

he

x t e n t

that

the

Lease distin-

guishes

b e t w e e n

Town

Park (in

ts

c a p a c i t y

as H o t e l

M a n a g e r

holding

or

ot

holding

any

equty

n te res t

in

e n a n t ,

t h e

Loan,

so

o n g

as

t

is

utstanding,

s h a l l

be

t r e a t e d

fo

u r p o s e s

o f t h e

Leaseas

f

Town

a rk

is

o ld ing

an

equity i n t e r e s t

in

enant.

3

ny

a y m e n t s

made

to

Town

Pakin

epayment

of

the

oan

o

coss

in

c o n n e c t i o n

wth

the

Loan

hall

no

be

included

within

the d e f i n i t i o n

o "

p e r a t i n g E x p e n s e s

as

e f i n e d

in

the

e a s e .

4

hs

m e n d m e n t shal

h a v e

n o

further

o r c e

oeffect

upon

the

irs

ale

of

the

Hotel

o

he e a r l i e rto

ccur

o (

i

e r m i n a t i o n

o

he

Hoe

M a n a g e m e n t A g r e e m e n t

b e t w e e n

Ten-n t

and

Town

a rk

or (

ii


3/4

6

enant

w a r r a n t s

and

e p r e s e n t sto

w n e r and

the

C i t y

o

iami B e a c h

tha

e c i t a l s

B-

Efths

m e n d m e n t

ae

true

ando r r e c t

and

a re

a

aeriai n d u c e m e n tfo

w n e r

and

the

C i t y

to

nter

intoths

A m e n d m e n t .

7

No

Fur the r

M o d i f i c a t i o n .

Except

as

a m e n d e d

byhis

A m e n d m e n t ,

the

L e a s e

a n d

all

o

ts

terms

and

proy is ions

s h a l l r e m a i n

in

ull force

a n d e f f e c t .

In

h e

event

o

any

o n f l i c t

between

th e

p r o v i s i o n s

o

his

A m e n d m e n t and

n y p r o v i s i o n

o

he

Lease,

the

p r o v i - s ions

o

his

A m e n d m e n t

shall

control.

Al

a p i t a l i z e d

terms

here in shal l have

the

am e

m e a n i n g s

ash e y

h a v e

inheLease,

nless

otherwise

d e f i n e d

herein.

IN

I T N E S S

WHEREOF,

this

A m e n d m e n t

has

been

d u l y

e x e c u t e d

by

the

p a r t i e s

h e r e t o .

4/

L-

6~~

Pt /b(

b

r

P r i n t

N a m e

S e c r e t a r y W I T N E S S E S :

f.~

;

y:

zd~

.

I--4

e.::;

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a m e

STATE

OF

F L O R I D A

S S :

C O U N T Y

OF

IAMI-

A D E )

J

I

he

f o r e g o i n g

i n s t r u m .

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w a s

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

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m e t h i s . ( )

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the

MIamI

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Agency,

a

u b h c

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c o r p o r a t e

and

pohlC

n

beha

ou c h

pub l I c body.

Such

i n d i v i d u l

is

p e r s o n a l l y

known

to

m e or

h a s

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a s

i d e n t i f i c a -

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.

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L 1 L U A N

BEAUCHAMP

N O T A R Y

P U B L I C

s r A T E O F F L O R I O A

COMMISSION

NO


4/4

TENANT :

RDP

ROYAL

PALM HOTEL

LIMITED

PARTNERSHIP,

a

Florida

limited

partnership

By:

PADC

Hospitality

Corpo ra t i on

I,

a

Florida

co r po ra t i on ,

as

genera l

partner

f :-

AQ{

I1

r U M J t p . .tyt>

p,;

nt :

2A

G(;~~.\

F

Print

Name

By: ~ ....... '

i'

1 A

P '

nt Name: .~

t.t.:

Ttle: ~(

q{~\.--

STATE

OF

FLORIDA )

SS:

COUNTY

OF

MIAMI-

DADE)

The

f o rego i ng

instrument

was

acknow ledged

before

methis

u.,(\l

d ay

of

ff\~ ,

2 0 0 4 ,

b y

R

onahue

P e e b l e s ,

as

r e s i d e n t o f

P

ADC

ospitality

o r p o r t i o n

I, a

lorida

corpo-

r a t i o n ,

as

eneral

p a r t n e r

o

RDP

Royal

Palm

Hoe

Limited

P a r t n e r s h i pa

lorida

l i m i t e d

pat-

nership.

Such

n d i v i d u a l

is

ersonal ly

k n o w n

to

me

o

has

p r o d u c e d

a

identification.

N O T A R I A L

SEAL

Print

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. .

Jt >

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<

:

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otary

Public

S t a t e

of ~

L

tl.'

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o m m i s s i o n

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A P P R O V E D

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D a t e

1st amendment town park (1)

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