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la
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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
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8/15/2019 1st Amendment Town Park (1)
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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
-
8/15/2019 1st Amendment Town Park (1)
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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 :
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Print
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 .
e n t
w a s
a c k n o w l e d g e d
b e f o r e
m e t h i s . ( )
j~-
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r
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r(~
r
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nh.
r
1
f
the
MIamI
Beach
Rede-
ve lopm
nt
Agency,
a
u b h c
body
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
p F a S \
lSea
a s
i d e n t i f i c a -
tion.
J
.
Jt
y
r i n t N a m ~ . : ~
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o t a r y
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of
Foi,)
ommiss ion
Number:.
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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
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8/15/2019 1st Amendment Town Park (1)
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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
N a m e :
. .
Jt >
l <
;..~-
<
:
l
otary
Public
S t a t e
of ~
L
tl.'
t>
A
M
o m m i s s i o n
E x p i r e s :
1..
J u d i t h G a _
y-
o m m i A i o n
D 0 2 7 1 3 l M l
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xp
JIInUlry
23,
0 0 8
A P P R O V E D
AS
TO
FORM&
L A N G U A G E
F O R
X U T I O N
i V l I 1 /
L
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l.
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e n t
Agency
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