Indemnification w Royal Palm (1)

8/15/2019 Indemnification w Royal Palm (1)

1/8

INDEMNIFICATIONAGREEMENT

THIS

INDEMNIFICATION

AGREEMENT (the "

Agreement")

is made

and

entered

into

on

n-

l>

itItHt-

r

Ir.

2 0 0 5 ,

by

and

mong

RDP

OYAL

PALMHOTEL

LMTED

A R T N E R S H I P

a

lorida

limted

p a r t n e r s h i p (

he

n d e m n i t o r ) ,

and

e a c h o f (

i

AM

BEACH

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

A G E N C Y

a

ublic

body

o r p o r a t e

and

p o l it i c (

the

A g e n c y ) , a n d (ii)

IT Y

OF

AM

B E A C H ,

a

Floridamunicipal

c o r p o r a t i o n (

the "

Cty ) (

c o l l e c t i v e l y ,

he

Indemnitees").

R E C I T A L S :

n d e m n i t o r

is

the

e v e l o p e r

of

the

Royal

Pam

rowne Plaza

H o t e l (

the

Hotel"),

which

Hotel

waso n s t r u c t e d

onland

t h a t

is

eng

l e a s e d

by

n d e m n i t o r

from

the

Agency

p u r s u a n t to

an

g r e e m e n t

oease

dated

May

289 9 8

and

ecorded

in

O f f i c i a l

R e c o r d s

B o o k

1 8 1 7 0 ,a

age

9 3 ,

o

he

Public

Records

of

Miami-

Dade

C o u n t y ,

Forida (he "

e a s e ) ;

and

B

Indemni tor

an d

the

I n d e m n i t e e s

h a v e

n e g o t i a t e d

ae t t l e m e n t

r e l a t i n gto

ertain

c l a i m s

that

have

been

m a d e by

ac h

party

against t h e

other

as

generally

r e f l e c t e d

in

h a t

certain

Le t te r

o

ntentto

mend

Roya

Palm

Crowne

P l a z a

Resort

Agreements

dated

N o v e m b e r

25

0 0 3 (

the "

Letter

o f I n t e n t ) ; an d

C

ubsequent

to

he

recording

of

the

Lease ,

Indemntor

began

the

o n s t r u c t i o n

o

th e

Royal

P a l m l S h o r e c r e s t

Cowne

l a z a H o t e l (

Hotel").

D

uing

the

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

of

he

Hotel,

n d e m n i t o r

e n c o u n t e r e d

s t r u c t u r a l

p r o b l e m s

with

the

original

Royal

P a l m

Hotel and

soil

o n t a m i n a t io n

p r o b l e m s

regarding

the

Land

w h i c h

a l l e g e d l y

resulted

in

e r t a i n


delays.

A

ispute

arose

a m o n g s t

the

parties

r e g a r d i n g

the

f o r e s a i d

problems

a n d

d e l a y s

resu l t ing

in

n d e m n i t o r '

s

e f u s a l

to

ay

c e r t a i n

Rental

d u e

under

th e

L e a s e

and

the

g e n c y '

s

efusato

pay

cams

re lated

to

said

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

and

l l e g e d


delays.

E he

parties r e s p e c t i v e l y

deny

and

d ispute

al

uch

l a i m s

and

a l l e g a t i o n s

against

t h e m ,

w h e t h e r

asser ted or

u n a s s e r t e d .

F

S u b s e q u e n t

to the

Letter

of

n t e n t

and

pio

o

the

closing

on

the

o c u m e n t s

c o n t e m p l a te d

in

he e t t e r

o

Intent,

North

Fok

ank

filed

a

o r e c l o s u r e

c o m p l a i n t

a g a i n s t

I n d e m n i t o r

and I n d e m n i t o r

s u b s e q u e n t l y

a g r e e d to

pay

North

Fork

B a n k

in

u ll

for

its

loan,

ss ign

itsp t i o n

to

a y

the

u r c h a s e

Price

under

the

Lease

to

oya l

Palm

H o t e l

Proper ty,

LLC

who

wll

then

pay

the

Agency the

P u r c h a s e

Price

under

the

Lease,

e r m i n a t e

the

Leaseand

transfer

the

H o t e l

to

Royal

Palm

H o t e l

P r o p e r t y ,

LLC

G

The

parties, i s h i n g

to

avoid

litigation

and

amicably

r e s o l v e

al

atters

e x i s t i n g

between

them,

entered

i n t o

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

regarding

the

a f o r e s a i d

disputes

r e s u l t i n g

in

his

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

other

a g r e e m e n t s .

H

Agency

and

Owner

in

he

e s i r e

to

m a i n t ai n

and

fufill

ther

commi tment

to

po

id e

the

African

American

c o m m u n i t y

wth

o p p o r t u n i t i e s

inhe

h o s p i t a l i t y

industry,

ae

illing

to

m e n d

the

oyal

P a l m

Crowne

Plaza

agreements

a n d


2/8

comply

wth

the

Convention

Center

Agreement (

which

Indemnitor,

as ownerofthe

Hotel and on

behalf

ofthe

Hotel,

has

agreed

to do)

which

p rov ides ,

among

other

th ings,

that the

Hotel owner

and

its

successors

and

assigns

make

available

Hotel

facilities

and

services for

support

of the

Convention

Center

events

and to

undertake

joint

marke t ing

efforts.

1

s

a

aeria

i n d u c e m e n t for

and

o n d i t i o n

o


e n t e r i n g into

the

ettlement,

n d e m n i t o r

has

g r e e d

to

r o v i d e

an

g r e e m e n t

by

n d e m n i t o r

to

n d e m n i f y ,

hod

a r m l e s s

and

rovide

d e f e n s e

fo


r e g a r d i n g

o

e l a t i n g

to

certain c h a l l e n g e s

by

third

p a r t i e s

as

to

thee r m s

of

the

e t t l ement

b e t w e e n

the

a r t i e s

as

enerally

d e s c r i b e d

in

the

e t t e r

o

n t e n t

ande c i t a l

F

h e r e i n a b o v e .

NOW

H E R E F O R E

in

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

of

the

rectas

agreements,

c o v e n a n t s

and

remses

contained

h e r e i n , and

for

other

good

and

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

the

e c e i p t

and

ade-

u a c y

o

h ich

are

hereby

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

the

parties

hereto,

n t e n d i n g

to

be

egally

bound,

hereby

a g r e e

as

follows:

1

ecitals.

T he

recitals

se

orth

above

are

true

nd

correct

and

are

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

h e r e i n

by

hs

reference

t h e r e t o .

2

I n d e m n i f ic a t i o n .

The

n d e m n i t o r

hereby

agrees

to

efend,

indemnify

and

hod

a r m l e s s

the

n d e m n i t e e s

from,

against,

n d

with

respect

ony

damages,

causes

o

ction,

coss

losses,

debts,

liabilities,

judgments,

l a i m s

o b l i g a t i o n s ,

attorney'

s

ees, (

including

t h o s e

for

appeals

o

o s t

j u d g m e n t

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

if

ny),

taxes, i n t e r e s t

on

a x e s ,

tax

penalties,

or

other

matters (

the

n d e m n i f i e d

M a t t e r s )

a r i s i n g

ou

o,

r

relating

d i r e c t l y

or

indirectly

to,

any

c h a l l e n g e s

by

n y t h i r d

p a r t i e s

to(

i)

he

terms

of

the

e t t e r of

Intent

and

he

e t t l e m e n t

documents

executed

in

c o n n e c t i o n

t h e r e w i t h of

e v e n

date (

ii)

he

p r o c e d u r e s

u s e d

and

timing

of

the

a y o f f

of

n d e m n i t o r '

s

oan

from

N o r t h

Fork

a n k ,

the

payment

ohe

P u r c h a s e

Price u n d e r

thee a s e ,

the

t e r m i n a t i o n

of

the

e a s e ,

the

t ransfer

of

the

Hotel

to

Royal

Palm

Hotel P r o p e r t y ,

LLCnd

the

aiver

o

e r t a i n

e a s e

provisions

by

the

n d e m n i t e e s

to

a c c o m p l i s h

same; (

ii)

he

alowng

f

the

c o n d o m i n i u m i z a t i o n

ohe

S h o r e c r e s t

Port ion

ofh e

H o t e l ;

and(

iv

he

possib le

interest

and

p e n a l t y

i n t e r e s t

fo

he

late

p a y m e n t

of

a l e s

tax

due

fo

back

R e n t a l ;

e x c l u d i n g , h o w e v e r ,

any

and

al

challenges

directly

or i n d i r e c t l y

r e l a t i n g

to(

the

paymen t

and

partial

w a i v e r

o

e n t a l

as

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

by

he Letter

ofIntent,

as

that

e rm

is

ef ined in

the

ease,

that

o t h e r w i s e

w o u l d

h a v e

been

ai d

by

n d e m n i t o r

to

g e n c y

bu

or

th e s e t t l e m e n t ,

and)

the

e t t l e m e n t

o

n d e m n i t o r '

s

lleged

d e l a y c l a i m s

atribued

to

he

environmental

d a m a g e

and

econst ruc t ion

deays

which

I n d e m n i t o r

expe r i enced

d u r i n g

its

d e v e l o p m e n t

o

h e

Hote.

3

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

C o n n e c t i o n

w i t h

L e g a l

Fees.u b j e c t

to

h e

conditions

set

forth

in

Sections

4

nd

5

beow

he

I n d e m n i t o r

hereby

a g r e e s

to

n d e m n i f y

and

o ld

h a r m l e s s

the


with

r e s p e c t

tony

reasonable

lega

fees

and

costs

of

c o u n s e l (

including

those

for

a p p e a l s

or

post

j u d g m e n t

proceedings,

if

ny)

that

m a y

be

incurred

after

he

dae

o

thsg r e e m e n t

regarding

the

n d e m n i f i e d

Matters.

4

R e t e n t i o n

of

Counsel.

Indemnitor

s h a l l

havethe

righto

designate

c o u n s e l

to

efend

th e

interests

o

n d e m n i t e e s ,

whch

c o u n s e l

s h a l l

be

easonably

a c c e p t a b l e

to

n d e m n i t -

ees.

If

n d e m n i t o r

b e l i e v e s ,

from

time

to

timen d

in

good

faith,

hat

the

efense

of

any

Lawsuit

wll

be

e t t e r

s e r v e d

by

t h e r counse l ,

then

Indemnitor


3/8

other counsel to

defend the

Indemnitees

regard ing

such

Indemnified

Matters on

thirty (

30)

days

prior

written

n o t i c e to

the

n d e m n i t e e s ,

whch

ubs t i t u t e

c o u n s e l

s h a l l

be

easonably

a c c e p t a b l e

to

I n d e m n i te e s .

Nothing

here in

shal

p r e c l u d e

then d e m n i t e e s

from

e t a i n i n g

other c o u n s e l

oher h o i c e

at

ther

own

x p e n s eto

dv ise them

wth

r e g a r d to

the

ndemnified

Matters.

5

ooperation.

The


and

heir

l a w y e r s

wll

ully

c o o p e r a t e

wthh e

Indemnitor

in

c o n n e c t i o n with

any

legal

m a t t e r s r e l a t i n g

to

n d e m n i f i e d

Maters

The

n d e m n i t e e s

agree

tor o v i d e

I n d e m n i t o r

and

its

awyers

w i t h a c c e s s

to

al

relevant

i n f o r m a t i o n

concerning

t n d e m n i f i e d

M a t t e r s

and

any

other

i n d e m n i f ie d

a c t i v i t y

i n c l u d i n g

bu

not

limted to

a c c e s s

tohe

I n d e m n i t e e s ,

the i r

agents

and

employees for

i n t e r v i e w s

and

other

litigation

r e l a t e d

matters

a n d

copes

o

nterview

m e m o r a n d a ,

evidence,

e c o r d s ,

c o m p u t e r

daa

expert

reports,

d v a n c e

notice

of

eet ings

wth

adverse

parties, d v a n c e

n o t i c e

o

n d

o p p o r t u n i t y

to

atendny

i n t e r v i e w s

o

ny

w i t n e s s e s

that

ar e

expected

torovide

i n f o r m a t i o n

abou

the

n d e m n i f i e d

Matters

and

d v a n c e

n o t i c e

o

n d

o p p o r t u n i t y

to

t t e n d

meetings to

prepare any

wtnesses or

Indemnitees

fo

d e p o s i t i o n .

6

e t t l e m e n t .

a

no

even

wll

the

n d e m n i te e s

admi t

any

i a b i l i t y

wi th r e s p e c t

to,

o

et-

te

o m p r o m i s e

o

d ischarge,

any

awsut

regard ing

the

n d e m n i f i e d

Matersi t h o u t

the

Indemnitor

s

rior

witten

c o n s e n t ,

w h i c h

c o n s e n t

shale

at

n d e m n i t o r '

s

soe

and

x c l u s i v e

d i s c r e t i o n . I n d e m n i t o r

shall

have

no

iability

or

obligation

unde r

ths

g r e e m e n t

with

respec

to

any

s e t t l e m e n t

ino

w h i c h

any

Indemnitee

mghn t e r

w i t h o u t

Indemnitor

s

p r i o r

w r i t t e n

consent.

b

he

n d e m n i t e e s h e r e b y

consent

to,

and

agree

to

execute,

ny

sett lement,

c o m p r o m i s e

or

ischarge of

any

l a w s u i t

o

any

ar t

thereof

regard ing

the

ndemnified

M a t te r s

which

I n d e m n i t o r

m a y

r e q u e s t ,

which

by

ts

e r m s

o b l i g a t e s

I n d e m n i t o r

to

pay

he

full

a m o u n t

to

be

pad

to

e t t l e ,

compromi se ,

discharge or

otherwise r e s o l v e

s u ch

lawsuit

o

ar t

thereof

regard ing

the

I n d e m n i f i e d

M a t t e r s

andm p l i e s

no

d m i s s i o n

of

l i a b i l i t y

on the

pat

of

the

I n d e m n i t e e s .

Any

e t t l e m e n t

by

n d e m n i t o r

that

o e s

not

include th e

ful

r e l e a s e

of

n d e m n i t e e s

shalot

affec

n d e m n i t o r '

s

obligations

u nde r

ths

g r e e m e n t .

7

on-

i s o a r a g e m e n t . E a c h

party

a g r e e s

not

to

take

any

acion

o

make

any

t a t e m e n t .

which

d i s p a r a g e s , c r i t i c i z e s ,

o

l a c e s

in

a

negative

l i g h t

the

ther,

irrespective

o

h e t h e r

such

t a t e m e n t s

would

be

actionable u n d e r

statutory

o

c o m m o n

law

iability

t h e o r i e s .

This

p a r a g r a p h

does

not

e l a t e

to

t a t e m e n t s m a d e

in

ood f a i t h

in

the

v e n t

of

litigation.

8

Confidential i ty. [

8MI]

T he

p a r t i e s

h e r e t o

a c k n o w l e d g e

that

the

Cty

nd

he

Agency

are

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

entit ies

and

ubec

to

the

open

G o v e r n m e n t

P r o v i s i o n s of

C h a p t e r

286

Forida

t a t u t e s ,

and

the

Public

Records

P r o v i s i o n s

o

h a p t e r

119

Forida

Statutes.

F u r t h e r ,

the

m e n d m e n t

to

a r a g e

Easement

A g r e e m e n t ,

the

m e n d m e n t

to

D e c l a r a t i o n

o

o v e n a n t s

and R e s t r i c t i o n s

and

the

p e c i a l

Warranty

Deed

ae

o

e

paced

of

P u b l i c

Record

simultaneously

wth

he

e x e c u t i o n

o

l

c l o s i n g

d o c u m e n t s .

Subject

to

he

a f o r e g o i n g

and

to

the

xtent

p e r m i t t e d

by

aw

ll

other

d o c u m e n t s

s h a l l be

retained,

n p u b l i s h e d

by

either

party

to

hs

g r e e m e n t

and

nether

party

shall

v o l u n t a r i l y

disclose

their

contents.

n v o l u n t a r i l y

d i s c l o s u r e

whch

is

ermitted),

fo

u r p o s e s

o

h i s

p a r a g r a p h ,


4/8


5/8

pretation

arises,

this

Agreement

shall

be

construed as if

drafted

jointly by

the

par t ies

and

no

pre-

sumption

or

burden of

proof

shall

arise

favor ing

or

dis favor ing any

party by

virtue

ofthe author-

sh ip

of

any provisions

ofthis

Agreement.

14

u r v i v a l :

Ths

g r e e m e n t

shal

s u r v i v e

the

l o s i n g

of

the

transactions

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

in

e c i t a l

F

here inabove . 15.

WA IV E R

OF

JURY

RIAL.

INDEMNITOR

AND

INDEMNITEES

HEREBY

N O W I N G L Y ,

VOLUNTARILY

AND

N T E N T I O N A L L Y

WAIVE

THE

RIGHT

EITHER

M A Y H A V E

TOA

RIAL

BY

JURYIN

R E S P E C T

TONY

LITIGATION

B A S E D

HEREON,

OR

R I S I N G

OUT

OF,

U N D E R

OR

N

O N N E C T I O N

WTH

HIS

A G R E E M E N T ,

AND

ANY

G R E E M E N T

C O N T E M P L A T E D

TO

E

EXECUTED

IN

O N J U N C T I O N

H E R E W I T H ,

ORNY

COURSE

OF

O N D U C T ,

COURSE

OF

EALING,

STATEMENTS (

W H E T H E R

VERBAL

OR

WRITTEN)OR

ACTIONS

OF

E ITHER

PARTY

H IS

P R O V I S I O N

IS

A

A T E R I A L

INDUCEMENT

FO R

I N D E M N I T E E S

TO

NTER

NTO

HS

G R E E M E N T .

FURTHER,

BOTH

INDEMNITOR

AND

NDEMNITEES

H E R E B Y

CERTIFY

TO

ACH

O T H E R

THAT

O

R E P R E S E N T A T I V E

OR

AGENT

OF

I T H E R

ONE

OF

THEM,

NOR

HE IR

COUNSEL,

HAS

E P R E S E N T E D

EXPRESSLY

OR

THERWISE

THAT

E I T H E R

ONE

OF

HEM

W O U L D NOT,

IN

H E

EVENT

OF

UCH

L I T I G A T I O N ,

SEEK

TO

ENFORCE

T H I S WAIVER

OF

RIGHT

TO

JURY

T R I A L

PROVISION.

IN

I T N E S S

W H E R E O F ,

the

art ies

hereto

have

execued

ths

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

A g r e e m e n t

as

of

he

date

first

above

written.

RDP

ROYAL

PALM

HOTEL

LIMITED

P A R T -

NERSHIP,

a

Florida

limited

p a r t n e r s h i p

eur

B

ADC

O S P I T L I T Y

C O R P O R A T I O NI,

a

ration,

as

G e n e r a l

Partner

By

Peebles, r e s i d e n t

STATE

OF

FLORIDA )

SS:

OUNTY

OF

MAM-

A D E )

B E F O R E

ME

he

ndersigned

authority,

e r s o n a l l y

appeared

Ro n a h u e

Peebles,

as P r e s i d e n t

o

P

DC

O S P I T L I T Y

C O R P O R A T I O N

I,

l o r i d a

c o r p o r a t i o n ,

on

behalf

o

u ch

c o r p o r a t i o n ,

and

as

e n e r a l

partner

o

DP

ROYAL

PALM

HOTEL

L I M I T E D

P A R T N E R -

SHIP,

a

Florida

l i m i t e d

p a r t n e r s h i p ,

on beha l f

o

such

i m i t e d

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

H

is

e r s o n a l l y known

to

m

r

p r o d u c e d

a

alid

Florida d r i v e r '

l i c e n s e

as

i .

c a t i o n .

V

N a t h a l i e

L e g a g n e u r

t

W.

io m m i s s i o n0 3 8 5 4 1 6

1

I.

.

x p i r e s February

5, 2009

Jff,mnt....

B o n c I e d T t o y F .

In

l n I u r a t lC l l.

lrc

CXJ.


6/8

My

Commission

Exp i res :

Commission

Number:

w~

Q i \ ~

Print

Name:

2 p J \ :

i. \

-~

I \~

By:

ATTEST:

By:

rA w

r ~

C l\

L\

Robert Parcher,

Sec re ta r y

STATE

OF

FLORIDA )

SS:

COUNTY

OF

MIAMI-

DADE )

BEFORE

ME,

the

unders igned

author i ty ,

personal l y

appeared

David

Dermer,

Chairman

and

Robert

Parcher,

Sec re ta ry

of the

MIAMI

BEACH

REDEVELOPMENT

AGENCY,

a

public

body

corporate

and

politic,

to

me

known

to

be

the

persons

who

s igned

the

foregoing

instrument

and

acknow ledged

the

execution

thereof

to

be the

act

and

deed ofsaid

Agency

for the

uses and

purposes

therein

mentioned,

and

that

t hey

affixed

thereto

the

official

seal

of

said

Agency.

Each

such

indvidual is

2ersonal ly

known to

me

or

p r o d u c e d

a

valid

drive' s

license as

identification.

r:--

itness

my

hand and

official

seal in

the

County

and

State

last aforesaid

this

J 5 t 1 ~

y

ofr~

U{ /

7,

2005. ..

otary

Public S t a t e

o

l o r i d a

a

L a r g e

7

J

/(/

o m m i s s i o n N u m b e r : ..

u.

u-

a }

10

C o m m i s s i o n

E x p i r e s :

Y A M I L E X

M O R A L E S

VPJ.

i~

:~\

Olary

Public -

Slate

of l o r i d a

iMYCo.,.,

liIIIb,

Eq

R l s F e b 1 5 ,

2Ol9

U l

C o m m i s s i o n if

D O

362988

l,

Cf,

r

fl ~

Bonded

By

N a t I o n a l

Notary

Assn.

A P P R O V E D /

4S

T O

FORM &A N G U A G E

F O R e x e C U T I O N


7/8

CITYOF

MIAMI BEACH,

a

Flori

m ici

al

corporation

Witnesses:

1 2 a 1

C\

c.~,\~

Print

Name: ~

f

T.

f\~{ \

r---

By:

J~

Print

Name: .

Ifry

F.

6~

r

A T T E S T :

B y : l 6 L u t Y

f e c i t

c~

Robert

Parcher,

City

Clerk

STATE OF

FLORIDA )

SS:

COUNTY

OF MIAMI-

DADE )

BEFORE

ME, the

unders igned

author i ty ,

personal l y appea red

David

Dermer,

Mayor

and

Robert

Parcher,

City

Clerk

of the

CITYOF

MIAMI

BEACH, a

Florida

municipal

corporation,

to

me

known to

be the

persons

who

s igned

the

foregoing

instrument and

acknow ledged

the

execution

thereof

to

be

the act

and

deed

ofsaid

City

for

the

uses and

purposes

therein

mentioned,

and

that

they

affixed

thereto the

official

seal

of

said

City.

Each

such

indvidual is ~<

l.

nnally

known to

meor

produced

a

validdrive'

s

license as

identification.

PJ

Witness

my

hand and

official

seal

in the

ounty

and

State

last

aforesaid

this /

s H J a y

of

W

j/ .

2 0 0 5 . _ _ _

yU1~

tName:/

Y a m l l e x (

hz,

ra

e s

t

b l'

ic-t a t e

o

l o r i d a

a

Large

ommission

N u m b e r :

J)

J):

Jb~

Cirs{{

M

C o m m i s s i o n

Expires:

YAMILEX

M O R A L E S

flY

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m : . .'

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otarv

Public.

t a t e

o

l o r i d

a : ~

a I i l I l o l l e c p e s l l b l 5

2009

o m m i s s i o n /

I

DO

3 6 2 9 8 8

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ea s e \

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Roya

Palm -

Indemni f i ca t ion

A g r e e m e n t V 5 .

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A P P R O V E D

AS

li

ORM&

A N G U A

F O R

E X E C U n N7 -

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8/8

Indemnification w Royal Palm (1)

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