R21-042 RESOLUTION NO. R21-042
2
3 A RESOLUTION OF THE CITY OF BOYNTON BEACH,
4 FLORIDA, AUTHORIZING TO FINALIZE DOCUMENTS PER
5 ISRAM RIVERWALK, LLC., REQUEST AND FOR THE CITY
6 MANAGER AND/OR MAYOR TO SIGN; AND PROVIDING AN
7 EFFECTIVE DATE.
8
9 WHEREAS, in order to obtain appropriate construction financing for the residential
10 units to be built by Riverwalk Residential,LLC,the lender has requested that there be a specific
11 delineation between the two properties; and
12 WHEREAS, Isram group has proposed a Covenant Running With the Land, rather
13 than a Unity of Title, which shall serve the same purpose of reaffirming the development
14 orders previously granted and but allow the lender to make a loan against one of the properties,
15 and not both; and
16 WHEREAS,the City Commission, upon recommendation of staff, deems it in the best
17 interest of the Citizens and residents of the City of Boynton Beach to authorize to finalize
18 documents per Isram Riverwalk,LLC request and for the City Manager and/or Mayor to sign.
19 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
20 THE CITY OF BOYNTON BEACH,FLORIDA,THAT:
21 Section 1. The foregoing"WHEREAS"clauses are true and correct and hereby
22 ratified and confirmed by the City Commission.
23 Section 2. The City Commission of the City of Boynton Beach hereby approves
24 and authorizes to finalize documents per Isram Riverwalk, LLC request and for the City
25 Manager and/or Mayor to sign. A copy of the finalized documents are attached hereto as
26 Exhibit"A".
27 Section 3. That this Resolution will become effective immediately upon passage.
28
S:\CA\RESO\Authorizing Isram Riverwalk Documents In Lieu Of Unity Of Title-Reso.Docx
i PASSED AND ADOPTED this 20th day of April, 2021.
2 CITY OF BOYNTON BEACH,FLORIDA
3 YES NO
4
5
6 Mayor—Steven B. Grant
7
8 Vice Mayor—Ty Penserga
9
10 Commissioner—Justin Katz _V___
11
12 Commissioner—Woodrow L.Hay V
13 /
14 Commissioner—Christina L. Romelus �/
15
16
17 VOTE 5 -Q
18
19
20 ATTEST:
21
22 f 1
23 ,�/i/if/! ��
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24 Tammy Stanzio•e
25 Deputy City ? erk
26
27
28
29 (Corporate Seal)
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S:\CA\RESO\Authorizing Isram Riverwalk Documents In Lieu Of Unity Of Title-Reso.Docx
SACHS SAX CAPLAN
ATTORNEYS AT LAW
SurrE 200
6111 BROKEN SOUND PARKWAY NW
BOCA RATON,FLORIDA 33487
TELEPHONE(561)994-4499
DIRECT LINE(561)237-6819 MICHAEL S.WEINER,ESQ.
FACSIMILE(561)994-4985 mweiner@ssclawfirm.com
April 13, 2021
James Cherof, Esq.
Goren, Cherof, Doody& Ezrol, P.A.
3009 E. Commercial Blvd.
Suite 200
Fort Lauderdale, FL 33308
Re: Isram Riverwalk, LLC and Riverwalk Residential, LLC
Dear Attorney Cherof:
Please accept this letter as a request to be placed on the City Commission Agenda of April 20,
2021 with respect to the modification of certain development arrangements between the above-
mentioned parties and the City of Boynton Beach, Florida. In order to obtain appropriate
construction financing for the residential units to be built by Riverwalk Residential, LLC, the
lender has requested that there be a specific delineation between the two properties. The lender
will be making its loan as to the residential parcel only so a document entitled"Unity of Title"will
frustrate that approach. In its place and stead, the Isram group has proposed a Covenant Running
With the Land which shall serve the same purpose of reaffirming the development orders
previously granted and but allow the lender to make a loan against one of the properties, and not
both. There is no substantial difference as to the control by the City of the properties. The only
difference is in the separation of title for the purposes of the loan and issuance of a lender's title
policy. Isram Riverwalk LLC and Riverwalk Residential LLC are, and will continue to remain
related companies as they are presently.
A copy of the document previously submitted for your review is enclosed for your convenience to
be made part of the record. Please supplement it with those other matters you believe
pertinent. thank you in advance for your assistance.
Very truly yours,
SACHS SAX CAPLAN
/s/Michael S. Weiner
Michael S. Weiner
MSW/lw
Stephen A. Schorr, Esq.
March 27, 2020
Page 2 of 2
This instrument was prepared by:
Alan J.Marcus,Esquire
20803 Biscayne Blvd;Suite 301
Aventura,Florida 33180
(Space reserved for Clerk)
COVENANT RUNNING WITH THE LAND
IN LIEU OF UNITY OF TITLE
IKNOW ALL BY THESE PRESENTS that the undersigned on behalf of Isram Riverwalk, LLC, a
Florida limited liability company ("Retail Owner"), and Riverwalk Residential, LLC, a Florida limited
liability company("Residential"and together with Retail Owner,the"Owners")hereby make,declare and
impose on the land herein described, the easement and covenants running with the title to the land,
which shall be binding on the Owners, their respective heirs, successors and assigns, personal
representatives, mortgagees, lessees, and all persons claiming by,through or under them;
WHEREAS, Retail Owner holds the fee simple title to the land in the city of Boynton Beach,Palm
Beach County, Florida, described in Exhibit "A," attached hereto and made a part hereof("Retail
Property")and Residential Owner holds the fee simple title to the land in the city of Boynton Beach,Palm
Beach County,Florida,described in Exhibit "B," attached hereto and made a part hereof("Residential
Property")and together with the Retail Property, the"Property");
WHEREAS, Owners are developing said Property
for: X Commercial and Residential Mixed
I Use
Office Use
Industrial Use
WHEREAS, Owner may wish to convey portions of the property from time to time, and this
instrument is executed in order to assure that the existing development of the property with future multiple
ownership,complies with City of Boynton Beach Development Orders related to Riverwalk Plaza,Project
File No.MSPM 16-002,and subsequent amendments thereto("Development Orders"),and will not violate
the Land Development Code and Building Code of the City of Boynton Beach,Florida.
NOW, THEREFORE, in consideration of the premises.Ownerhereby agrees as follows:
1. The Property will be developed in conformity with Project File No.MSPM16-002,and subsequent
amendments thereto,and the City Approved site plan entitled Riverwalk Plaza,as prepared by Flynn
Engineering, dated June 11, 2020 ("Site-Plan"), and the Development Orders. No minor siteplan
modification shall be effected in the Site Plan without the written consent of the then owner(s)of the
Property, and the Boynton Beach Department of Development. Should the Department denyan
application for minor site plan modification, the then owner(s) of the property, may seek such
modification by application to modify the plan or covenant at public hearing before the City
Commission. If the Property is developed in phases,each phase will be developed in accordance with
the site plan, City Development Order Conditions of Approval, oral representations of Owner or
Owner representatives during the quasi-judicial hearing(s)that resulted in the Development Order,
and other recorded documents associated with the approval of the project.
(00 438204.1 3066001021) (Administrative)
2. In the event of multiple ownership subsequent to January 20,2017,each of the subsequent owners,
mortgagees and other parties in interest shall be bound by the terms,provisions and conditions of this
instrument.Owner further covenants that it will not convey portions of the Property to such other parties
unless and until the Owner and such other party or parties shall have executed and mutually delivered
to Owner and the City in recordable form, an instrument to be known as an"Easement and Operating
Agreement"which shall contain,among other things:
(i) easements in the common area of each parcel for ingress to and egress from other parcels;
(ii) easements in the common area of each parcel for the passage and parking of vehicles;
(iii) easements in the common area of each parcel for the passage and accommodation of
pedestrians;
(iv) easements for access roads across the common area of each parcel to public and private
roadways;
(v) easements for the installation, use, operation, maintenance, repair, replacement,
relocation and removal of utility facilities in appropriate areas in each such parcel;
(vi) easements on each such parcel for construction of buildings and improvements in favor
of each such other parcel;
(vii) easements upon each such parcel in favor of each adjoining parcel for the installation,
use, maintenance, repair, replacement and removal of common construction
improvements such as footings,supports and foundations;
(viii) easements on each parcel for attachment of buildings;
(ix) easements on each such parcel for building overhangs,other overhangs and projections
encroaching upon such parcel from adjoining parcel such as, by way of example,
marquees, canopies, lights, lighting devices, awnings,wingwalls and the like;
(x) appropriate reservation of rights to grant easements to utility companies;
(xi) appropriate reservation of rights to dedicate road rights-of-way and curb cuts;
(xii) easements in favor of each such parcel for pedestrian and vehicular traffic over dedicated
private ring roads and access roads;and
(xiii) appropriate agreements between the owners of the several parcels as to the obligation to
maintain and repair all private roadways, parking facilities, surfacing parking,
hardscaping, landscaping, common areas and the like (referring to pictorial and graphic
representation offered by Owner or Owner representatives in conjunction with obtaining
City approval of the project).
The easement provisions or portions thereof, may be waived by the Boynton Beach Department of
Development if they are deemed not applicable by the Department to the project as approved.When
executed, the Easement and Operating Agreement shall not be amended, without the prior written
approval of the Boynton Beach Department of Development. Such Easement and Operating
Agreement may contain such other provisions with respect to the operation, maintenance and
development of the Property as to which the Owner and other owner parties thereto may agree, all to
the end that although the property may have several owners, it will be constructed, conveyed,
{00438204.1 306-9001821} (Administrative)
maintained and operated in accordance with the approved Site Plan and Development Orders.
3. The provisions of this instrument shall become effective upon their recordation in the public records of
Palm Beach County,Florida,and shall continue in effect for a period of thirty(30)years after the date
of such recordation,after which time they shall be extended automatically for successive periods of ten
(10)years each,unless released in writing by the then owners of the Property and the Boynton Beach
Department of Development for City of Boynton Beach, Florida, upon the demonstration and
affirmative finding that the same is no longer necessary to preserve and protect the property for the
purposes herein intended.
4. The provisions of this inshument may be modified,amended or released from time to time by recorded
instrument by the then Owner or Owners of theProperty, and their respective mortgagees, if any,
provided that the same is also approved by theBoynton Beach Department of Development.
5. Enforcement shall be by action against any owners or parties or persons violating or attempting to
violate any covenants. The City is a third-party beneficiary of the Easement and Operating
Agreement(s) and has standing to enforce the provisions thereof, if the City elects to exercise
enforcement action. The prevailing party to any action or suit pertaining to or arising out of this
Declaration or Easement and Operating Agreement(s) shall be entitled to recover, in addition to
costs and disbursements,allowed by law, such sum as the Court may adjudge to be reasonable for
the services of its attorney. This enforcement provision shall be in addition to any other remedies
available at law, in equity or by municipal code enforcement proceedings.
6. Invalidation of any of these covenants by judgment of Court shall not affect any of the other
provisions,which shall remain in full force and effect,nor shall invalidation a ffect or be construed
to modify the Site Plan or Development Order(s).
7. All rights,remedies and privileges granted herein shall be deemed to be cumulative and the exercise
of any one or more shall neither be deemed to constitute an election of remedies, nor shall it
preclude the party exercising the same from exercising such other additional rights,
remedies or privileges.
8. In the event of a violation of this Declaration,in addition to any other remedies available,the City
of Boynton Beach is hereby authorized to withhold any future permits from the defaulting Owner,
and refuse to make any inspections or grant any approval requested by the defaulting Owner,until
such time as this Declaration is complied with.
9. This Declaration shall be recorded within ten(10)days of approval by the City in the public records
of Palm Beach County at the Owner's expense.This Declaration has no force and effect untilrecorded.
[Execution Pages Follow]
(00438204.1 306-9001821} (Administrative)
IN WITNESS whereof,the parties have signed this covenant in lieu of unity of title this _day of
April,2021.
Signed, sealed and delivered in our presence: ISRAM RIVERWALK, LLC
a Florida limited liability company
By: Isram Realty Management,LLC,
a Florida limited liability company,
Its Manager
__ By:
Shaul Rikman,Manager
Witness Name:
Witness Name:
Notary Page to follow
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
The foregoing instrument was acknowledged before me this day of March, 2021, by Shaul
Rikman,Manager of Isram Realty Management,LLC,a Florida limited liability company,the Manager of
Isram Riverwalk, LLC, a Florida limited liability company,who is ( ) personally known to me or(_)
has produced a as identification.
[Notary Seal] Notary Public
Printed Name:
My Commission Expires:
[ADD SIGNATURE FOR RESIDENTIAL OWNER] -
(00438204.1 306-9001821) (Administrative)
EXHIBIT"A"
[MODIFY AS APPROPRIATE
AND ADD EXHIBIT"B"
Legal Description of Subject Property:
KNOW ALI MEN BY IHEST PRESENTS THAT 154AM RIVFRIWALK, IIC A FLORIDA 1114(ITV3
1A8I1ITY COMPANY, OMER Or THE LANG AS SHOWN HEJ ON ALS 'RIYERWALK P,A7A"
Eri3NC A PART OF THE NORTHEAST QUARTER OF SECTION 33. TOWNSHIP 45 SOUTH.
RANGE 43 FAST AND ALL OF 1015 1 AND 2 OF ROUSSEAU'S SUDDIYSION, ACCORDING
TO THE PLAT THEREOF AS RECORDED IN PLAT 800K 1, PAGE 14, PALM BEACH COUNTY,
FLORIDA PUBLIC RECORDS LESS THAT PART TAKEN FOR S.E. 15TH STREET (WOOL9RIGHT
ROAD) AND FURTHER LESS THAT CERTAIN PARCEL OF LAND DESCR:BED IN QUIT CLAM
DEED RECORDED IN OFF1CHAL RECORD BOOK 3402. PACE 1637; tyZING MORE
PAR TICU.ARIY DESCRIBED AS FQIIONS;
BEGINNING AT A POINT IN THE WEST UNE OF LOT 1, AT A DISTANCE OF 50 FEET SOUTH
OF THE NORTHWEST CORNER THEREOF,' THENCE NORTH 89 CCGREES 41 MINUTES 13
SECONDS EAST ALONG A LT PARALLEL %LTH AND 50 FEET SOUTH OF THE NORTH LIME
OF SAID LOT 1, A DISTANCE OF 13.00 FEET TO A PONT (SAID UNE. ALSO 81EI.0 THE
SOUTH RIGHT-OF-WAY LINE OF SE. 15TH AVENUE); THENCE SOUTH 35 DEGREES 32
MINUTES 58 SECONDS EAST. ALONG THE SOUTH RIGHT-OF-WAY LINE OF SAID S.E. 15TH
AvtNi1E. A DISTANCE OF 152.77 FEET: THENCE SOUTH 00 DEGREES 18 MINUTES 47
SECONDS EAST, A DISTANCE OF 98.E ILL I; THENCE NORTH 89 DEGREsS 41 MINUTES
13 SECONDS EAST, A DISTANCE OF 167.39 FEET; THENCE SOUTH 00 DECREES 18
MINUTES 47 SECONDS EAST. A DISTANCE DF 20.00 FEET: THENCE SOUTH 12 DEGREES
42 II.CIWJIES 45 SECONDS EAST, A DISTANCE OF 30.79 FEET; THENCE SOUTH 03
DEGREES 15 MINUTES 47 SECONDS EAST, A DISTANCE OF 50.00 FEET; THENCE NORTH
B8 DEMES 41 YITNUTES 13 SECONDS EAST. A DISTANCE Of 21.07 FEET; THENCE
SOUTH 00 DEGREES 1$ MINUTES 47 SECONDS EAST, A DISTANCE OF 30.03 FEET;
THENCE NORTH 89 DEGREES 41 M1 U1ES 13 SECONDS EAST. A DISTANCE Of 35.00
FEET MORE OR LESS, TO AN INTERSECTION W11H THE WESTERLY RIGHT-OF WAY OF THE
INTRAODASTAL WATERWAY; THENCE SOUTH 07 DEGREES 07 MINUTES 50 SECOA'Ds t 1.
A DISTANCE OF 382.23 FEET MORE OR LESS TO THE SOUTH LINE OF LOT 2; THENCE
SOUTH 89 DECREES 41 MINUTES 13 SECONDS WEST, ALONG THE SOUTH WE OF SAID
LOT 2 AND THE MESTERLY EXTENSION THEREOF, A DISTANCE OF 795.05 FEET. MORE
OR LESS. TO A POINT ON THE EAST RIGHT-OF-WAY LINE OF U.S. HIGHWAY N0,1;
THENCE NORTH 04 DESS 57 MINUTES 25 SECONDS EAST, ALONG THE EAST
RIGHT-OF-WAY LINE OF SAID U.S HIGHWAY 110.1. A DISTANCE OF 225.03 FEET TO THE
POINT OF COMMENCEMENT OF A QIRVE CONCAVE TO THE WEST, HAYING A RA71US OF
291413 FEET AND A CENTRAL ANGLE OF 03 DECREES 55 MINUTES 10 SECONDS;
THENCE NORTHERLY ALONG THE ARC OF SAID CURVE. A DSTANCE OF 199.43 FEET, TO
THE POINT OF TERMINATION OF SAID CURVE. THENCE CONTINUING ALONG THE EAST
RIGHT-OF-WAY WNL 0' SAID U.S. HIGHWAY NO.1. NORTH 01 DEGREES 02 MINUTES 15
SECONDS EAST, A DISTANCE OF 27.09 FEET TO A PCXNT; THENCE NORTH 89 DECREES
43 MINUTES 15 SECONDS EAST. A DISTANCE OF 150.00 FEET TO A PONT; THENCE
NORTH 01 DEGREES 02 MINUTES 15 SECONDS EAST, ALONG A LINE PARALLEL %MTH THE
EAST RIGHT-OF-WAY UNE OF SAID U.S HIGHWAY NO. 1. A DISTANCE OF 150.00 FEET
10 A PONT ON THE SOUTH RIGHT-OF-WAY UNE OF SAtO S.E. 15TH AVENUE; THENCE
NORTH 89 DECREES 43 MINUTES 15 SECONDS EAST. ALONG THE SOUTH RIGHT-OF-WAY
OF SAID S.E. 15TH AVENUE, A DISTANCE OF 170.13 FEET TO THE POINT OF BEGINNING.
CONTAINING 425,583.44 SQUARE FEET, 9.77 ACRES MORE OR LESS.
{00438204.1 306-9001821) (Administrative)
JOINDER BY MORTGAGEE
The undersigned, Israel Discount Bank,the Mortgagee under that certain
Mortgage executed as of the
July, 2000, by
Isram Riverwalk, LLC, a Florida limited liability company, and recorded in Official Records Book
, at Page , of the Public Records of Palm Beach County, Florida, covering all/or a
portion of the property described in the foregoing instrument, does hereby join in this Covenant Running
with the Land in Lieu of Unity of Title for the purpose of subjecting the lien and operation of the above-
described Mortgage to the terms of this instrument.
Signed, Sealed and Delivered "MORTGAGEE"
in the Presence of:
Israel Discount Bank of New York,
a New York State banking corporation
By:
Name: Rod Trzcinski, Senior Vice President
By:
Name: Name:
Title:
STATE OF FLORIDA)
) SS:
COUNTY OF MIAMI-DADE)
The foregoing instrument was acknowledged before me by means of ❑ physical presence or ❑
online notarization,this day of March, 2021,by Rod Trzcinski and , as
a Senior Vice President and _ , respectively, of Israel Discount Bank of New York,
a New York banking corporation,on behalf of the bank.Each such person is personally known to me(YES)
(NO)or has produced a State of driver's license as identification.
Print or Stamp Name:
Notary Public, State of Florida at Large
Commission No.:
My Commission Expires:
{00438204.1 3069001821} (Administrative)
Exhibit A to Mortgagee Consent
1. Mortgage and Security Agreement from Isram Riverwalk, LLC, Isram Riverwalk Land, LLC and
Isram Boca Grove, LLC to Israel Discount Bank of New York, dated as of March 30,2011 and
recorded March 31,2011 in Official Records Book 24435,page 135, as amended by the First
Modification of Mortgage and Notice of Future Advance recorded in Official Records Book
24800,page 711 and the Second Modification of Mortgage recorded in Official Records Book
30516,page 848;
a. Absolute Assignment of Leases and Rents recorded in Official Records Book 24435,
page 179, as amended by the First Modification of Assignment of Leases, Rents and
Licenses recorded in Official Records Book 24800,page 718 and the Second
Modification of Assignment of Leases, Rents and Licenses recorded in Official Records
Book 30516,page 855;
b. UCC Financing Statement recorded in Official Records Book 24435,page 195,as
continued by the Financing Statement Amendments recorded in Official Records Book
28091,page 1344 and Official Records Book 32069,page 585;
c. Cross-Default and Cross-Collateralization Agreement recorded in Official Records Book
27249,page 1930;and
d. Cross-Default and Cross-Collateralization Agreement recorded in Official Records Book
29734,page 404.
2. Mortgage and Security Agreement from Isram Riverwalk, LLC and Isram Riverwalk Land, LLC
to Israel Discount Bank of New York, dated as of March 21, 2018 and recorded March 26, 2018
in Official Records Book 29734,page 415,as amended by the First Modification of Mortgage
recorded in Official Records Book 30531,page 489, and partial release of the following related
collateral security instruments:
a. Absolute Assignment of Leases and Rents recorded in Official Records Book 29734,
page 435, as amended by the First Modification of Assignment of Leases and Rents
recorded in Official Records Book 30531,page 498;
b. UCC Financing Statement recorded in Official Records Book 29734,page 446;and
c. Cross-Default and Cross-Collateralization Agreement recorded in Official Records Book
29734,page 404.
(00438204.1 306-9001821} (Administrative)
OCT-07-1996 13:31 FROM PS&R TO 1.51434e ulYco r.t;4
1
vY �;ro DE PAR OF DS17I3LOPMSN'r'
,-�No 0 . .2,
EST-TX LID YNiC3 D=VXSIOW' i
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". OCT—Da-13% 3: Ffll 9r�-353566
•.) ^-� DRE 9476 FE. 1131 '
1 J1 ® 1 1®I 11 I I 1 it Il® 1i 61i
UNITY OF TITLE -
Tirconsideration of the 1ssuanee ofapermit to Riverwalk Plaza Joint Venture
for the coast= *e• of shnppinF center -------
in the City of Bo A. •n Beach, Florida,the Undersigned hereby agrees to restrict the use of
Lot(s) See . . : t 'A" ,Block(s) , Subdivision_ ,
or property •.. g • .. - ' e described by metes and bounds,addressed as follows:
, in the following manner,
1. S. • • • • shall be considered as one plot and parcel of land,and that no portion of said plot
and •r ,f land shall be sold, transferred,devised or assigned separately, except in its entirety
as one . of or mel of land.
•
2. The Und •• further agrees that this condition,restriction and limitation shall be deemed a
covenant •: with the land, and shall remain in full force and effect,and be binding upon the
undersigned,their : ' and assigns. Release of this Unity of Title must be approved by the
administrative •t • •the Boynton Beach Department of Development and ratified by the City
Commission.
4111) .
3. �
The Undersigned 1T • -es to record this instrument in the Public Records of Palm Beech
County at his(her) a .�,
Signed,sealed, executed and aclalowled'.{'.`.i this 74J day of Oc to bt r 19 q(o ,al
•da,
' \\„„.),c. , nO
Qwnerfs) DWii1 Q1
Florida Bo ton Investments Inc. l
By: ,ire-�-C,c . C',_ • O K. . . , i _ �-
IP:;›,
r \_,•,,n oQe , ,J„
6
Sq.:15irktO CCUNIY OF
.. ,,cy• M=VIM
meat was acknowledged before me this r ► t• ex' We Oath)by
A.44. 4--'� � t t2. ,who is pus:malty known tom •117,k pc•.used 't•l vs t�t e_e s,4;G
•: tion)u id ttesdon and who did(did not)take m o
��' _ , .Sltto��aontakln adasowIed ement - /
=;'Plia itr�� litcing acSctowtedgement-- . printed or stamped . • 2n•. e
', } Vr'e 6)tie' -1 Serial number,if any OM a
Michael D. Gentry
Notary Public-Notary SeoI
State of Missouri O,. a rL�N 4/ o a)64)
St. Louis County
My Commission Expires 01/01/00 -, 60
1 J0
� M94-VJV t:bi RaCOR:.;ER SI.::!:::Lt-,`:...':, o`c__ume1t rn'a-Eiv. J, L. 3 '
. ^tea'
OC a7-1996 12:36 PSBR 96% P.02
OCT-07-1996 13:32 FROP1 PSBR TO 13143942501300 P.03
. �J- n
' ORB 947 , Fa 1 13
DOROTHY H. !1IL! EU< CLERK; FF COL),- 'r`+ F t.
Office Pilo Ito. 359600499
Legal tancriptiori
EXHIBIT A
All that part of Soctioo 33, Tor�nship 45 South, Range 43 Etat, Paha Beach County, PI 'cis, Tying West of th.
Wett 1i.. of ROUSSEAU'S SUBDIVISION. according to the Plat thereof, as erocorded in Plat Book 1, P . 14,
Public ostia of Palm &etch Courcy, Florida, lying East of the East Right-of-Way line of U.S. Hlghw y No.
1 • . •'•• .,sof the Westetiy extension of the South line of Lot 2 of said ROUSSEAU'S SUBDIVISION, LESS
It
A''! Xe•='f 'G the Northerly 50 feet thereof taken for S.E. 15Th Avenue end FURTHER LESS AND
z► •�•��•' thio Gamin pared of Land described in deed recorded in Official Records Book 8531. Paye 148 of
raid - ,;.words.
O
TOGET 4,:�1 ALL that part of Lots; 1 and 2 of ROUSSEAU'S SUBDIVISION, according to the Plat
t e eon; .•'•r•* in Plat Book 1, Page 14, Public Rekord: of Aalrn Duch County, Florida lying West of the
Wait P.ightrr '�aay tine of the Intreccoctal Waterway, LESS AND EXCEPTING that part taken for S.E. 15Th
Avenue and FLB RTI E XLESS AND EXCEPTING that certain parcel of land described in Quit-Claim Deed
mottled in 0 words Book 3-402, Page 1637 of said Public Records,
All of eh: abovelutds being more particularly described by metes and bocmds as follows:4
Beginning it a point i Mt' t line of Lot said Lot 1 at a distr.= of 50 fees Sundt of the Northwest comer
thereof; thence North =. 41 minutes 13 seconds East, along aline parallel with and 50 fort South of
the North line of said Lo •o •. ce of 83.00 feet to a point(said line also being the South Right-of-Wry line
of S.fl 15111 Avenue); th. at 3.5 degrees 32 minutes 58 seconds East, alone the South Right-of-Way Tine
of said S.E. 15Th Avenue, 1e`•, •_,Ato 320.74 far to a point; thence South 00 degrees 18 minutes 47 leaoade
East a dirtartcc or 105.00 feet -. •.'at; Ovine South 72 dogmas 42 rainNem
o&45 sodc East a distance of
30.79 fart toe point; t encu Sob• 00 • -- 18 minutes 47 seconds East a distance of 50.00 feet to a point;
thence North 89 degrees 41 minute ads East a distance of 21.07 feet to a point;thence South 00 degrees
18 minutes 47 seconds East a die..'R: 291.00 feet, more or leu, to as Intersection with the Westerly Right-
of-Way line of the Intracoastal Wa -.. y; thence South 07 degrees 07 minutes 50 oda West, along the said
Westerly Right-of-Way line of the In• .r..... Wattorty, a distance of 35.98 fact tot point; thence South S9
degrees 41 minutes 13 seconds West a • of 125.00 feet to a point;theca South 07 degrees 07 minntas
50 rtconds Wcst,parallel with the Westar •- •f-wey tine of=Lid Intracoastal Wee:,my, a dittanea of 110.00
feet to a point on the South line of said Lot t South 89 degro 41 minutes 13 seconds Wat, along the
South line of*aid Lex 2 Ind the Westerly » • , a d'utanca of 66913 feet, mors or less, to a point
oo the EastEast
Right•of--Way line of US. High, o. ecce North 04 drams 57 minutes 25 secondsF.asi,
along the Right-of-Way line of said U.S. ,ui •y o. 1, A distance of 225.03 kat to the point of
cornrncncemem of a curve to the left, concave to's:.• �'l having a radius of 2914.93 feet smd a centrol angle
of 03 degrees 55 minutes 10 seconds; thence North' . , i1 '. arc of said wry; a distance of 199.40 foot to
the point of termination of said CUM; thence centime #51 Right- of•Way line of said U.S. Highway
No. 1 North 01 dey eci 02 minutes 15 seconds East a "�r�*•*o, . 27.09 fed to'point; thence North 89 degrees
43 minutes 15 seconds East a distance of 150.00 feet to r •-., -arse Nonh 01 degrecs 02 minutes IS seconds
East, along a line parallel with the East Right•of-Way line • �� 5.Highway Nu. 1, A distance of 150.00 feet
10 a point on the South Right-of-Way line of said S.E. 15 .♦• a; hence North *9 degrees 43 minutes 15 -
seconds East, alone the South Right-of-Way line of said SI- I , a distance of 170.15 feet to the Point
1 of Seginrtning.
(0)
0
a
OCT-e7-1996 12 37 PRA '97% P.03
1 111111 11111 11111 11111 11111 11111 11111 1111 1111
CFN 201802310300
OR BK 29923 PG 07.91
RECORDED 06/13/2018 15:37:24
THIS INSTRUMENT PREPARED BY Palm Beach County, Florida
AND RETURNED TO: Sharon R. Bock,CLERK & COMPTROLLER
P9s 0751 - 768, (18nss)
Jeffrey J. Wolfe, Esq.
Sa `Sax Caplan
oken Sound Parkway
SiO4IQo
Bo'Trion, Florida 33487
vv DECLARATION OF RESTRICTIVE COVENANT
ISRAM RIVERWALK LLC
O
KNOW AL EN BY THESE PRESENTS, that the undersigned owner, ISRAM
RIVERWALK, L P,va Florida limited liability company (the "Developer"), which is the owner
5.0 the real prope tscribed in Exhibit "A" attached hereto and made a part hereof on this
day of � ��/� 0X8 for itself and its successors and assigns, hereby declares that
the Property des ribed‘r,?'n is and shall be held, transferred, sold, conveyed and occupied
subject to the covenants a yOr,strictions hereinafter set forth (the"Declaration").
RECTIALS:
WHEREAS, Develop=,7.ids the fee simple title to the property as more fully legally
described within Exhibit "A" .`cr'ed hereto and incorporated herein (the"Property"); and
WHEREAS, the City of Bob Beach, Florida (the "City") approved a site plan with
Conditions of Approval. The Condit' +f Approval include the requirement of a recordable
Restrictive Covenant reflecting redu•• se: ing requirements pursuant to Article V, Section 3
of Chapter 4 of the Land Developme t�ulations of the City of Boynton Beach, Florida
("LDRs"), for a mixed-use project (the "Project") on the Property; and
WHEREAS, the City has determined that to achieve sustainable design and operation,
including increased pervious area, reduced parking fields, promotion of mass transit, uses of
renewable energy sources, and reduced parking requirements that the Project meets City Code
requirements to warrant reduction of required parking (the "Parking Relief'), as more fully
described in Exhibit"B" (the "Approvals").
NOW, THEREFORE, in consideration 'of the mutual covenants and agreements
hereinafter contained it declared as follows:
Section 1. The foregoing recitals are true and correct and are incorporated into
and made a part of this Declaration.
Section 2. The consideration and obligations recited and provided for under this
Declaration constitute substantial benefits to both the Developer and the City and thus adequate
consideration for this Declaration.
)00195290.4 306-9905283)
• CFN#20180231030
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Section 3. Rules of Legal Construction.
For all purposes of the Declaration, unless otherwise expressly provided:
(a) A defined term has the meaning assigned to it;
(bk) Words in the singular include the plural, and words in plural include the singular;
o A pronoun in one gender includes and applies to other genders as well;
‘if
The terms "hereunder", "herein", "hereof, "hereto" and such similar terms shall
ofer to the instant Declaration in its entirety and not to individual sections or
e
I ticles;
(e) '—et'arties hereto agree that this Declaration shall not be more strictly construed
aai either the City or any Developer Party as all parties are drafters of this
De•��r.�'-.tion; and
(f) The .0�-d exhibits shall be deemed adopted and incorporated into the
Declara '`
C . .
Section 4. ��1��mtions.
"Declaration" mea .d',7,Declaration between the City and Developer.
`,
"City" means the City oynton Beach, a municipal corporation and a political
subdivision of the State o . 'da, and all departments, agencies and instrumentalities
subject to the jurisdiction th
"Existing Zoning" includes\oi��- City's Future Land Use Map designation for the
Property as of the date of the r-c• A,ng of this Declaration; (b) the City's zoning map
designation for the Property as o e •ate of the recording of this Declaration; (c) and all
Approvals for the Project as set forth within Exhibit"B".
"Land" means the earth, water, and air, above, below, or on the surface and includes any
improvements or structures customarily regarded as land.
"Laws" means all ordinances, resolutions, regulations, comprehensive plans, land
development regulations, and rules adopted by a local government affecting' the
development of land.
"Parking Contingency Plan" means the plan that the City may invoke and Developer
shall implement upon the determination of a shortage of parking, as defined in Section
9(d).
"Site Plan" means the approved graphic and informative representation of the specific
design solution for the Project.
2
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.
. , Page 3 of 18
Section 5. Purpose. The purpose of this Declaration is to establish certain
conditions that shall trigger and shall thereafter require a Parking Contingency Plan pursuant to
Article V, Section 3.G.2.h of Chapter 4 of the LDRs showing areas on the Site Plan where
pa�rk g spaces shall be added in the event that a shortage occurs for average daily parking
rTii ),ji and provide operational rules and procedures for such contingency plan (the "Parking
C►'ai . :e3icy Plan").
Section 6. Applicability: Legal Description. This Declaration applies only to the
land locay�Svithin the boundaries of the legal description as set forth and incorporated herein as
Exhibit'f
Sec'01. Effective Date. This Declaration shall become effective on the later
of(i) the iss .` Iof a building permit by the City for vertical construction on the Property or(ii)
the Execution ••4t"(the "Effective Date"). On such Effective Date, this Declaration shall be
recorded and sha 1 t reafter constitute a covenant running with the land.
Section 8. Parking Facilities. Consistent with the Approvals, the Developer
shall construct certai q.11b ing facilities, as set forth on the Site Plan (collectively the "Parking
Facilities") which shall, w for the Parking Relief. The Parking Facilities shall be controlled by
the Developer and own-or.8erated by the Developer. Construction, ownership, maintenance,
operation and repair of the"t�': : Facilities shall be the sole obligation of the Developer. By way
of example and not limitati si a''agreement for valet parking shall be the sole responsibility of
the Developer. Without li s.t f the generality of the foregoing, the selection of a valet
management company shall be ; 'ght of the Developer.
Section 9. Local Der2o 6 ment Permits. A description of local development
permits relative to the Parking Rehr..or the Project is set forth and incorporated herein as '
Exhibit "B". The Approvals, Existin ' s ing, and this Declaration establish the granting of the
Parking Relief. 0
Section 10. Contingency PI—an.
g Y
(a) A schematic drawing along with a description of the number of spaces available
and the general improvements to be made to the Project which would be installed as the Parking
Contingency Plan is attached hereto as Exhibit "C". This Exhibit "C" indicates the areas on
the Site Plan where parking spaces may be added in the event that a shortage is subsequently
realized for average daily parking demand. The improvements and additions set forth in Exhibit
"C" are the procedures and strategies which were submitted at the time of the approval of the
Site Plan to offset any deficiency.
(b) If the City. observes that there is a parking deficiency, or parking that is not in
conformance with the approved site plan, or City code provisions, the City may provide written
notice to the Developer, and advise the Developer that it shall address the parking issues in order
to insure that the parking is consistent with the site plan and city codes. If the City provides the
Developer with three (3) such notices and the parking deficiencies and/or code violations remain,
the Developer shall then be required to institute required valet parking for all residential tenants
and their guests.
3
(00195290.4 306-9905283(
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Page 4 of 18
(c) If the Developer institutes required valet for all residential tenants and their guests,
the City shall still have the right to require further parking modifications in the event parking
deficiencies or code violations still occur on the Property. If parking deficiencies continue as
ide• ' ed again by the City following implementation of the required valet parking for
- id.•ial tenants and their guests or any City-required modifications, the City shall provide a
4V tte notice to the Developer that there remain parking deficiencies and code violations
rela, , parking. The Developer shall be required to perform a parking study to determine the
parki(Psues and possible solutions to said issues. The parking study shall review the use of
parking,po Re Property, and whether parking is occurring within the drive aisles and other areas
utilized . affic circulation. The parking study shall be provided to the City, and applicable
measures im emented by the Developer for addressing the identified issues (any site
modificatio •uired as part of the measures recommended by the study shall be reviewed by
the City for .able processing as either a major or minor site plan modification.) If parking
deficiencies areain identified by the City, the City shall send a 5`h notification to the
Developer that a ,�ng shall be set for the City Commissionto discuss the implementation of
the Final Parking Wntingency Plan. The City Commission Meeting shall occur no less than
thirty (30) days afte0 issuance of such notice to the Developer. At the City Commission
Meeting, the findings le-4e study shall be presented to the City Commission and the Developer
shall be given the oppe'vojiti. to explain any extenuating or unique circumstances. If the City
Commission, by major le:to, finds that there are no justifiable circumstances which are
causing the parking sho ' :+ hen the City Commission may invoke the Final Parking
Contingency Plan. Upon in >ion of the Final Parking Contingency Plan, the Developer shall
take such steps as are necessa Oproceed with Final Parking Contingency Plan. The procedure
described above is consistenticle V, Section 3.G. of the LDRs in that it provides
procedures and strategies for the o�cation of the Parking Contingency Plan.
(d) The Final Parking Con cy Plan shall be initiated pursuant to this Declaration
by having the Developer build additio. ' en parking in a lot to be placed above the Waig
: reens-
Joann building bearing an address '��4, i.YTH gaze.} and as identified and
further described in Exhibit"C".
(e) In those areas controlled by valet parking, drive aisles and other areas may be
utilized by the valet parking as more fully described in Exhibit "D", which is attached hereto
and incorporated herein by reference.
Section 11. Notices.
(a) All notices, demands and requests which may or are required to be given hereunder
shall, except as otherwise expressly provided, be in writing and delivered by hand delivery,
United States Registered or Certified Mail, return receipt requested, postage prepaid, or by
overnight express delivery, such as Federal Express, to the parties at the addresses and telecopy
numbers listed below. Any notice given pursuant to this Declaration shall be deemed given only
when received. Any actions required to be taken hereunder which fall on Saturday, Sunday, or
United States legal holidays shall be deemed to be performed timely when taken on the
succeeding day thereafter which shall not be a Saturday, Sunday or legal holiday.
4
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To the City:
City Manager
° City of Boynton Beach
100 E. Boynton Beach Boulevard
e° Boynton Beach, FL 33435
With a copy to:
City Attorney
City of Boynton Beach
100 E. Boynton Beach Boulevard
Boynton Beach, FL 33435
0
To the Developer:
Isram Riverwalk LLC
L(,U 506 S. Dixie Highway
811andale, FL 33009-6332
hone:
Wi , copy to:
Sachs : Caplan
10 SE'- venue, Suite C
Boynto Cea�: h, FL 33444
Attn: JO:Wife,Wolfe, Esq.
Telephone) 994-4499
Email: jwolfe@ssclawfirm.com
(b) Any Party to this Declaration may change its notification address(es)by providing
written notification to the remaining parties pursuant to the terms and conditions
of this section.
Section 12. Exclusive Venue, Choice of Law, Specific Performance. This Declaration
shall be governed by the laws of the State of Florida, and any applicable federal law, both as to
interpretation and performance, and that any action at law, suit in equity or judicial proceedings
for the enforcement of this Declaration or any provision hereof, including any action for specific
performance, shall be instituted only in the courts of the State of Florida or federal courts and
venue for any such actions shall lie exclusively in a court of competent jurisdiction in Palm
Beach County. In addition to any other legal rights, the City and the Developer shall each have
the right to specific performance of this Declaration in court. The prevailing party shall be
entitled to an award of reasonable attorneys' fees and costs incurred at both the trial and
appellate levels.
•
5
100195290.4 306-9905283)
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•
Section 13. No Oral Change or Termination. This Declaration and the exhibits and
appendices appended hereto and incorporated herein by reference, if any, constitute the entire
Declaration between the parties with respect to the subject matter hereof. This Declaration
su )edes any prior agreements or understandings between the parties with respect to the
• e} atter hereof, and no change, modification or discharge hereof in whole or in part shall
b; I c bye unless such change, modification or discharge is in writing and signed by the party
aga vf1 om enforcement of the change, modification or discharge is sought. This Declaration
cann.( - changed or terminated orally.
0
`)n 14. Representations. Each party represents to the others that this
Declaratio h. been duly authorized, delivered and executed by such party and constitutes the
legal, valid :.,!t':inding obligation of such party, enforceable in accordance with its terms.
Section` C' Presumptions Inapplicable. This Declaration shall be deemed to have
been drafted by bo the Developer and the City equally and any presumptions existing in
interpretation here t1_ainst the drafter shall be inapplicable.
Section 16. D, allure to Exercise Rights not a Waiver: Waiver Provisions. The
failure by either party('•`: omptly exercise any right arising hereunder shall not constitute a
waiver of such right un .•oerwise expressly provided herein. No waiver or breach of any
provision of this DeclaratAT . 1 constitute a waiver of any subsequent breach of the same or
any other provision hereof, .,� aiver shall be effective unless made in writing.
Section 17. DefaV Upon the occurrence of a default by a party to this
Declaration not cured within th icable grace period, the Developer and the City agree that
any party may seek specific pe 001 ance of this Declaration, and that seeking specific
performance shall not waive any rij6.-e;), such party to also seek monetary damages or any other
relief other than termination of this D f..tion.
0
Section 18. Severability. ,y term or provision of this Declaration or the
application thereof to any person or circumstance shall, to any extent, hereafter be determined to
be invalid or unenforceable, the remainder of this Declaration or the application of such term or
provision to persons or circumstances other than those as to which it is held invalid or
unenforceable shall not be.affected thereby and shall continue in full force and effect.
Section 19. Assignment and Transfer. This Declaration shall be binding on the
Developer and their heirs, successors and assigns. The Developer may also assign or transfer the
rights and obligations of the Declaration to any purchaser of the Property or any portion thereof
without the consent or any other approval of the City. Any such assignee or transferee shall
assume all applicable rights and obligations under this Declaration.
Section 20. Lack of Agency Relationship. Nothing contained herein shall be
construed as establishing an agency relationship between the City and any Developer and neither
any Developer nor its employees, agents, contractors, subsidiaries, divisions, or affiliates shall be
deemed agents, instrumentalities, employees, or contractors of the City for any purpose
hereunder, and the City, its contractors, agents, and employees shall not be deemed contractors,
agents, or employees of any Developer or its subsidiaries, divisions or affiliates.
6
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Section 21. Cooperation: Expedited Permitting and Time is of the Essence.
(a) The parties agree to cooperate with each other to the full extent practicable
purl, t to the terms and conditions of this Declaration.
• (b) The parties agree that time is of the essence in all aspects of their respective and
mu.,,ifEsponsibilities pursuant to this Declaration.
e kion 22. Amendment or Termination. This Declaration may not be amended or
terming" jcept by mutual agreement of the Developer and the City through the execution of a
written . t� d ent to, or a termination of, this Agreement approved by the Boynton Beach City
Commissio
Sectio n, Third Party Defense. Developer shall, at their own cost and expense,
vigorously defe + . a claims, suits or demands brought against it or the City by third parties
threatening the D VI ation, challenging its enforceability, or objecting to any aspect thereof,
including, without ii..'dation, any claims for loss, damage, liability, or expense. (including
reasonable attorneys'`: �� City and Developer shall promptly give the other written notice of
any such action, incluT hose that are pending or threatened, and all responses, filings, and
pleadings with respect the ?-
0
Section 24. %"'ty,-Part Beneficia . No persons or entities other than the
Developer and the City, their`,!' itted successors and assigns, and any party that shall have any
rights whatsoever under this D:$ .t'on.
0
Section 25. Counte a. • _ This Declaration may be executed in counterparts, each
of which shall constitute an origin.}L.f all of which, when taken together, shall constitute one.
and the same Declaration. O
Section 26. WAIVER O' "' =• RIGHT TO TRIAL BY JURY. THE CITY AND
DEVELOPER KNOWINGLY AND ^-'''IONALLY WAIVE THE RIGHT TO TRIAL BY
JURY IN ANY ACTION OR PROCEDING THAT EACH MAY INSTITUTE AGAINST THE
OTHER AFTER THE EXECUTION OF THIS DECLARATION WITH RESPECT TO ANY
MATTER ARISING OUT OF OR RELATED TO THIS DECLARATION.
NOW, WHEREOF, the Developer has caused this Declaration to be duly executed.
[Signatures appear on the following page]
7
(00195290.4 306.9905283}
•
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Page 8 of 18
IN WITNESS WHEREOF, the Developer has caused this Declaration to be duly executed
as of the day and year first above written.
I E� ES:L DEVELOPER:
di ° ISRAM RIVERWALK, LLC, a Florida limited
I'� liability company
Printed ame fim, G ' By: ISRAM REA v MANAGEMENT, LLC, a
I e
, • • .2., • Florida limite• a ility company
Printed' ame: _ ll - -,♦ i►,. By: Ad L .t4a4i /
f Print . ame: / eS'/f A c/(__ /VIC '.1-1 Al
Ti /"l n--x,- f4 r
(CA.-
ACCEPTED AND APT' ANED BY:
0:(;--\%
CITY:
0
THE CITY OF BOYNTON BEACH
ATTEST: 0
By: Xi...". A vga-a'C
By: `G V,Z)I Print Name: L,, L a//c`r►ere
Print N e: .t '/rN 4_ ,,,L. '" = Title: til T'1 1W A ti//�-G t
Title: C17 y C[.'/( `�
APPROVED AS TO FORM BY CITY ATTORNEY: orpi,...
IL----CkTrj --
By:
Print Name:WO K)•6)--&-c...--% k j City Attorney u
cr
o,4, off..
BOYN�
•
8
(00195290.4 306-9905283)
CFN#20180231030
Page 9 of 18
STATE OF FLORIDA
COUNTY OF PALM BEACH
T I oregoing instrument was acknowledged before me this Z( day of ( Y1, , 2018, by
Ni+'a ` 'ikman, as Manager of ISRAM REALTY MANAGEMENT, LLC , a Florida limited
1.45 company, as Manager of ISRAM RIVERWALK, LLC, a Florida limited liability
co`,, , on behalf of said company, who ,/is personally own to m= or who produced
as identification.
�o i
i
,
i
* Signature I /'tar '/bl'
TIFFANY EASLEY
[SEAL] �'' :,_ MYCOMMISSION 8GG180914
L:
'�. �? EXPIRES:February16,2022
?o tt_,=y , . _Pau Notary Public UndawlNen
c
en0
�v
0
2
,_,,
O
List of Exhibits
0
Exhibit"A"—Legal Descri i Vilr Properties
alp
Exhibit"B"—The Approvals
Exhibit"C"—Parking Contingency Plan
Exhibit"D"—Valet Parking Plan
9
100!95290.3 306-9905283}
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•
Page 10 of 18
0
t o
Exhibit "A"
OO
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