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LEGAL APPROVAL ~\~\~ . ''''-. JAN-29-1'196 ~: 15Fm 96-030570 ORB 9100?9 1799 111.111111111...111 Iii This instrument was prepared by: W. Allen Ames, Esq. McGuire, Woods, Battle & Boothe, L.L.P. One James Center, 901 East Cary Street Richmond, Virginia 23219-4030 OPERATION AND EASEMENT AGREEMENT THIS OPERATION AND EASEMENT AGREEMENT ("OEA") is dated as of the ~vti day of December, 1995 by AGREE LIMITED PARTNERSHIP, a Delaware limited partnership ("Agree"). !i1.TN~~~~TH_ WHEREAS, Agree is the owner of a certain parcel of land described in Exhibit B attached hereto (the "Retail Parcel") and identified as such on the site plan attached hereto as Exhibits A. A-I and A-2 (the "Site Plan"); and WHEREAS, a portion of the Retail Parcel consisting of that certain parcel of land described in Exhibit C attached hereto ("Circuit City Parcel") and identified as such on the Site Plan and other rights in and to the "Shopping Center" (as defined below) are being leased to Circuit City Stores, Inc., a Virginia corporation ("Circuit City"), subject to the terms of this OEA; and WHEREAS, a portion of the Retail Parcel consisting of that certain parcel of land described in Exhibit D attached hereto RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB 9100 P9 1800 ("Borders Parcel") and identified as such on the Site Plan and . other rights in the "Shopping Center" are being leased to Borders, Inc., a Delaware corporation ("Borders"), subject to the. terms of this OEA; and WHEREAS, Agree is also the owner of two separate parcels of lapd described in Exhibit E attached hereto ("Restaurant parcels") and identified as Hops Parcel and Longhorn Parcel on the Site Plan, which Restaurant Parcels are being leased to Florida Retail properties, Inc., a Florida corporation ("FRP"), subject to the terms of this OEA, and FRP will in turn sublease Restaurant 1 ~o Hops of Boynton Beach, Ltd. (IlHops") and Restaurant 2 to Longhorn Steaks, Inc. ("Longhorn"); WHEREAS, the Retail Parcel and the Restaurant Parcels are contiguous and adjacent to each other as shown on the Site Plan; and WHEREAS, Agree intends to develop and operate the Retail Parcel and the Restaurant Parcels in conjunction with each other as integral parts of a retail shopping and restaurant complex (the "Shopping Centerll) and, in order to effectuate the common use and operation thereof, Agree desires to establish certain covenants and agreements and to grant certain reciprocal easements, in, to, over, under and across the Shopping Center, as part of a general plan for the development of the Shopping Center. NOW THEREFORE, in consideration of the foregoing premises and the covenants and agreements hereinafter set forth herein, Agree declares as follows: 2 RI~a\~~~~\CIRCUIT\OPER-AGT.Dl) ORE 9100 P9 1801 ARTICLE I DEFINITIONS 1.1 Buildina Area. "Building Area" shall mean the limited areas of the Shopping Center (including the Circuit City Parcel and the Borders Parcel} within which buildings (including ca~opies, supports, truck docks and/or receiving docks, truck ramps and other outward extensions, pilasters and overhangs, trash compactors, transformer pad and footings projecting into the Common Area) are constructed. 1.2 Common Access Areas. "Common Access Areas" shall mean that portion of the Common Areas shown as such on the Site Plan. 1.3 Common Area. "Common Area" shall mean the parking areas, lanes, drives, entrances, truck passageways, sidewalks, ramps, stairways, landscaped and other unpaved areas, parking lot lighting facilities and equipment, Owner's pylon sign(s), directional, traffic and monument sign structure(s) and shared utility facilities located in the Shopping Center [including any such areas and facilities contained within outparcels and adjacent tracts but reserved to the benefit of the Shopping Center occupants such as, for example, the easements benefitting the Shopping Center created by that certain Cross Easement dated October 13, 1995 between Great Western Bank and FRP and recorded November 1, 1995 in Official Records Book 8983 at page 1283 (the "Great Western Cross Easementll)] and intended and available for the common use of all of the Permittees within the Shopping Center. The "Borders Expansion Area" and the "Circuit City Expansion Area", each identified as such on the Site Plan, are not a part of the Common Area. 1.4 Defaultina Owner. "Defaulting Owner" shall be as defined in Section 6.1(A). 3 RI7B\7747\CIRCUIT\OPER-AGT.01J ORB ~100 P91803 (ii) booklet: distributing any circular, handbill, placard or . (iii) soliciting memberships, contributions or signaturesi and (iv) parading, picketing or demonstrating. 1.11 Person. "Person" shall mean any individual, partnership, firm, association, corporation, trust or any other form of business or governmental entity. 1.12 Proportionate Share. "Proportionate Share" shall mean the percentage determined by dividing the Floor Area upon a Parcel by the aggregate Floor Area of the Shopping Center. 1.13 Recordinq Office. "Recording Office" shall be the land title office in the State of Florida where deeds, mortgages, liens or other filings (including this OEA) with respect to the Shopping Center are properly accepted for filing. 1.14 Tenant. "Tenant" shall mean any Person from time to time entitled to the use and occupancy of any portion of a building in the Shopping Center under any lease or sublease or similar agreement. 1.15 Tenant's Preferred Area. "Tenant's Preferred Area" shall be as shown on the Site Plan. 5 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB 7100 P9 1804 ARTICLE II EASEMENTS 2.1 Inqress and Eqress. (A) During the term of this OEA, Agree hereby declares and es~ablishes for the use of Permittees, in common with others entitled to use the same, a perpetual non-exclusive easement for the passage and parking of passenger, service and delivery vehicles over and across those portions of the Common Area from time to time used as parking and driveway areas as the same may from time to time be constructed and maintained for such use, and for the passage and accommodation of pedestrians over and across those portions of the Common Area from time to time used as the parking, driveway and sidewalk areas as the same may from time to time be constructed and maintained for such use. The foregoing easement rights shall be subject to the following reservations as well as other provisions contained in this OEA: (i) Except for situations specifically provided for in the following subparagraphs, no fence or other barrier which would prevent or obstruct the passage of pedestrian or vehicular travel for the purposes herein permitted shall be erected or permitted within or across the easement areas; provided, however, that the-foregoing provision shall not prohibit the installation of convenience facilities (such as mailboxes, public telephones, benches, trash deposit enclosures and containers and transformers), of landscaping, berms or planters, or of limited curbing and other forms of traffic control. (ii) In conne~tion with any construction, reconstruction, repair or maintenance on any Parcel, an Owner or any Tenant of such Parcel shall have the right to create a temporary staging and/or storage area in a portion 6 RI7B\7747\CIRCUIT\OPER-AGT.Ol3 ORB Ql00 P9 1805 of the Common Area but not located in the Common Access Areas except to the extent shown on the Site Plan. (iii) None of the easements granted by this OEA are intended, nor shall any of them be construed, as a dedication of any portion of the Shopping Center for public use, and Owner(s) shall refrain from taking any action which would cause such a dedication and will take whatever steps may be necessary to avoid any such dedication, except as may be agreed upon in writing by Owner(s) and the Major Tenants. (iv). Owner(s) shall have the right at any time, and from time to time, to exclude and restrain any Person who is not a Permittee from using Common Area. (v) Nothing herein shall preclude the designation of up to four (4) parking spaces adjacent to the Circuit City Parcel as "Customer Pick-Up" spaces for the exclusive benefit of customers of Circuit City. 2.2 Utilities. (A) Agree hereby declares and establishes non-exclusive perpetual easements in, to, over, under, along and across those portions of the Common Area shown as utility easements on the Site Plan necessary for the installation, operation, flow, passage, use, maintenance, connection, repair, relocation, and removal of underground lines or underground systems for utilities serving any Parcel or the Common Area improvements, including but not limited to sanitary sewers, storm drains, cable TV, water (fire and domestic), gas, electrical, telephone and communication lines. Nothing herein shall prevent an Owner from conveying utility easements across that portion of the Common Area owned in fee by such Owner (even if not within a utility corridor) for the benefit of Owners and Tenants of the Shopping Center. Prior to 7 RI7B\7747\CIRCUIT\OPER-AGT.Dl3 ORB Ql00 P9 1805 of the Common Area but not located in the Common Access Areas except to the extent shown on the Site Plan. (iii) None of the easements granted by this OEA are intended, nor shall any of them be construed, as a dedication of any portion of the Shopping Center for public use, and Owner(s) shall refrain from taking any action which would cause such a dedication and will take whatever steps may be necessary to avoid any such dedication, except as may be agreed upon in writing by Owner(s) and the Major Tenants. (iv). Owner(s) shall have the right at any time, and from time to time, to exclude and restrain any Person who is not a Permittee from using Common Area. (v) Nothing herein shall preclude the designation of up to four (4) parking spaces adjacent to the Circuit City Parcel as "Customer Pick-Up" spaces for the exclusive benefit of customers of Circuit City. 2.2 Utilities. (A) Agree hereby declares and establishes non-exclusive perpetual easements in, to, over, under, along and across those portions of the Common Area shown as utility easements on the Site Plan necessary for the installation, operation, flow, passage, use, maintenance, connection, repair, relocation, and removal of underground lines or underground systems for utilities serving any Parcel or the Common Area improvements, including but not limited to sanitary sewers, storm drains, cable TV, water (fire and domestic), gas, electrical, telephone and communication lines. Nothing herein sha~l prevent an Owner from conveying utility easements across that portion of the Common Area owned in fee by such Owner (even if not within a utility corridor) for the benefit of Owners and Tenants of the Shopping Center. Prior to 7 RI7B\7747\CIRCUIT\OPER-AGT.Ol3 ORB .J100 pg 1807 Parcel for business to the public and with the exception of utility construction, alteration and repair work wholly within on the Restaurant Parcels and then not within any Common Access Areas, shall not take place during the time period between October 1st and December 31st inclusive. The Owner undertaking such work shall take all necessary measures to minimize any disruption or inconvenience caused by such work and, except in the' case of an emergency, shall give the other Owners and Maj or Tenants written notice a minimum of forty-eight (48) hours prior to commencing such work. Such work shall be accomplished in such a manner as to minimize any damage or adverse effect which might be caused by such work. If such work requires excavation in any portion of the Common Access Areas, the Owner causing such work to be done shall use all reasonable efforts to cause such excavation to commence and be completed during hours when the Tenants of the Shopping Center are not open for business to the public and, in any event, shall provide suitable alternative ingress and egress if it is not practical to keep access open during the work. Any excavation within the Common Access Areas shall be properly backfilled within twenty-four (24) hours if reasonably practical. The Owner undertaking such work shall repair at its own cost and expense any and all damage caused by such work and shall restore the atfected portion of the Shopping Center upon which such work is performed to a condition which is at least equal the condition which existed prior to the beginning of such work. In addition, the Owner undertaking such work shall promptly pay all costs and expenses associated therewith and shall indemnify and hold the other Owner(s) and Tenants harmless from all liens, damages, losses or claims, including reasonable attorney's fees, attributable to the performance of such work. 2.3 Restriction. E~cept as may otherwise be approved by all Owners and Major Tenants, no Owner shall hereafter grant any easement for the purpose set forth in this Article for the benefit of any property not within the Shopping Center; provided, 9 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB ~100 P9 1806 exercising the right granted herein to install underground lines or systems in a utility easement area located on Common Area owned in fee by another Owner, an Owner shall first provide the other Owners with a written statement describing the need for such easement, shall identify the proposed location of the utility and shall furnish a certificate of insurance showing that it, has obtained the minimum insurance coverage required by Section 5.4 hereof. (B) The initial width of any utility shall be subject to the prior writ~en approval of the Owner whose Common Area is to be burdened thereby, which approval shall not be unreasonably withheld or delayed. An Owner shall have the right at any time to relocate a utility line within the permitted utility corridors shown as a utility corridor on the Site Plan upon thirty (30) days prior written notice, provided that such relocation: (i) shall not interfere with or diminish the utility services to the other Owner(s) or the Tenants; (ii) shall be performed without cost or expense to the other Owner(s); and (iii) shall have been approved by the utility company and the appropriate governmental or quasi-governmental agencies having jurisdiction thereover. (C) All construction, alteration and repair work to any utility described in this Section 2.2 shall be accomplished in an expeditious manner, in compliance with all laws, rules, regulations, orders, permits, approvals and licenses of governmental authorities having jurisdiction and, except in the case of an emergency and except in case of construction occurring before the opening of the Circuit City Parcel and the Borders 8 RI7S\7747\CIRCUIT\OPER-AGT.D13 OPrL- 9100 P9 1 809 (ii) interfere with the use, occupancy or enjoyment of any part of the remainder of the Shopping Center by any other Owner or the Permittees; or (iii) cause any other Owner to be in violation of any law, rule, regulation, order or ordinance applicable to its real estate. (C) Each Owner shall defend, indemnify and hold harmless the other Owners and the Tenants from all claims, actions and proceedings and costs incurred in connection therewith (including reasonable attorneys' fees and costs of suit) resulting from any accident, injury or loss or damage whatsoever occurring to any Person or to the property of any Person arising out of or resulting from the performance of any construction activities performed or authorized by such indemnifying Owner. (D) Following the opening of the Circuit City Parcel and the Borders Parcel for business to the public, no construction shall be permitted in the Shopping Center (other than wholly within the Restaurant Parcels and then not within any Common Access Areas) during the months of October, November and December, except for repairs due to a casualty and except for interior alterations not affecting the operations of any other occupant of the Shopping Center and except for emergency repairs. In the event of any construction within the Shopping Center,' the Owner(s) shall designate a construction access route, staging and parking areas located so as to minimize interference with customers or the operations of other occupants of the Shopping Center and shall require erection of safety barriers as necessary and an opaque wall around the site of such construction of a size necessary to screen such ~onstruction from ground level view. Owners shall make no changes in the Common Area which affect access, parking or visibility (including, without limitation, changes in the location of curbcuts, drive aisles, roadways, 11 RI7B\7747\CIRCUIT\OPER-AGT.013 ORf 9-100 iJ9 1810 sidewalks or parking spaces or reduction of the parking ratio specified in Section 3.2) without Circuit City's and Borders' express written consent (and, in the case of changes to the Common Area within the Restaurant Parcels, the consent of the Owner of the Restaurant Parcels), which either may, in its sole discretion, withhold, and Owners shall make no other changes in the Common Area without Circuit City's and Borders' express written consent (and, in the case of changes to the Common Area within the Restaurant Parcels, the consent of the Owner of the Restaurant Parcels), which neither shall unreasonably withhold. 3.2 Comm0n Area. Agree shall cause the Common Area to be initially improved as shown on the Site Plan. Such work shall be done in a good and workmanlike manner and in accordance with good engineering standards and the requirements of Circuit City's lease. The parking ratio for the Shopping Center shall be at least as shown on the Site Plan, but in no event shall said ratio be less than the greater of (i) five (5) spaces (for full-sized automobiles) per 1,000 square feet of gross leasable area or (ii) that required by applicable zoning requirements. The 5:1,000 parking ratio required above shall' not prevent the expansion of the Borders store by up to 16,700 square feet of additional Floor. Area and/or the expansion of the Circuit City store and/or the construction of other improvements by or for Circuit City by up to 10,837 square feet of additional Floor Area if such 5:1 ratio cannot be met as a consequence of a condemnation of the Common Area. All such parking shall be at ground level. Owner(s) further covenants that it(they) will not seek, nor permit any other occupant of the Shopping Center to seek, a variance or waiver from the minimum parking requirements applicable to the Shopping Center under the zoning code or other applicable ordinance establishing the ratio of parking spaces to building area or otherwise mandating the number of parking spaces required 12 RI79\7747\CIRCUIT\OPER-AGT.D13 ORE 9100 P9 1811 for the Shopping Center and the uses contained therein. Parking by employees of Tenants of the Retail Parcel shall be in designated "employee parking" areas within the Retail Parcel, the location of which shall be agreed upon by Circuit City and Borders. Parking by employees of Tenants of the Restaurant Parcels shall be either within the Restaurant Parcels and/or within the portion of the Common Area on the Retail Parcel shown as "Restaurant Employee Parking" on the Site Plan (which easement rights shall be on a non-exclusive basis) . 3.3 Buildinq Improvement. (A) All buildings shall be located only within the Building Area designated on the Site Plan. Nothing herein shall prevent an Owner from granting to its Tenant(s) easements and rights in such Owner's portion of the Shopping Center, as appropriate (i) for the construction and maintenance of foundations, footings, supports and demising walls; (ii) to allow their respective buildings to abut and connect (but not to bear structurally upon each other); (iii) for roof projections, allowing the grantee to tie its building into the adjoining building by flashing and reglets; (iv) for trash disposal and compactor equipment and transformer pads; and (v) for encroachments which reasonably occur in the construction of the building components set forth in clauses (i) through (iv) above. No such attachment or connection shall be made, however, unless detailed plans therefor shall have been timely submitted to and approved by the party to whose building the attachment is to be made, which approval shall not be unreasonably withheld. (B) If a portion of any Building Area is at one point in time paved or landscaped qnd used as if it were Common Area, such portion may be subsequently used as Building Area provided that all parking requirements (except as expressly otherwise provided) and other provisions of this OEA for such Parcel are also 13 RI7B\7747\CIRCUIT\OPER-AQT.D13 ORB 9100 P9 1812 complied with. If all or a portion of a building is razed, then until the building, or portion tnereof, is replaced, the area shall thereafter be paved or landscaped or grassed and seeded and maintained as though it were a part of the Common Area, but at the sole expense of the Owner thereof. (C) The building(s) on the Circuit City Parcel shall not exceed twenty-eight (28) feet in height above finished grade (exclusive of architectural ornamentation which, in the case of the Circuit City "tower" may be up to 36 feet above finished grade). No other building within the Retail Parcel shall exceed twenty-eight (22) feet in height above finished grade (except that the Borders "arch" may be up to 3S-feet above finished grade), nor shall it be positioned so as to project beyond the portion of the front wall of the building immediately adjacent thereto. No outparcels, barriers, buildings, kiosks or other structures, either temporary or permanent, shall be located within Tenant's Preferred Area, and no building located on the Restaurant Parcels shall exceed one story, twenty (20) feet six (6) inches in height exclusive of architectural ornamentation (which shall not in any event exceed twenty-four (24) feet in height), nor shall it exceed the size necessary for such Parcel to maintain, within its boundaries~ the parking ratio required for its use under the applicable zoning code without use of parking spaces located in the Common Area of the balance of the Shopping Center. Notwithstanding the foregoing, the existing elevation and height of the restaurant occupied by Longhorn is hereby approved. No development shall occur within the Shopping Center except as shown on the Site Plan. (0) Prohibited Uses in Common Area. Each Owner covenants that it shall not, without ~ircuit City's and Borders' express written consent, permit the following uses or activities to occur in the Common Area: (1) display or sale of merchandise; however, Circuit City shall have the right to use such Common Area as is 14 RI7B\7747\CIRCUIT\OPER-AGT.01J OR8 9100?9 1813 immediately adjacent to the Circuit City Parcel (but not immediately abutting the Borders Parcel) and within Tenant's Preferred Area for sidewalk sales, seasonal and promotional sales and other sales customary to Circuit City's business operations, and Borders has the right to locate or place tables for display or sale of books and other items by Borders in the walkway portion of the Common Area immediately adjacent to the front of th~ Borders Parcel so long as the display tables, and all merchandise located thereon, shall be maintained in a neat, orderly, and professional manner reasonably satisfactory to the Owner of the Borders Parcel; (2) operation of loudspeakers or other sound electronically amplified so as to be heard in the Common Area; or (3) imposition of a charge for parking. 3.4 Temporary Encroachments. Each Owner agrees that during the construction of improvements comprising the Shopping Center, certain minor and temporary encroachments on its portion of the Common Area not located within the Common Access Areas may occur due to the use of equipment (such as ladders, scaffolds and barricades) in connection with construction work, and that these temporary encroachments shall be permitted on the Common Area for only a limited time and only to the extent necessary for the construction involved, and in no event shall these temporary encroachments materially interfere with the other Parcels. Circuit City's permitted staging area (which is 20,000 square feet in size) is shown as "Circuit City's Construction Staging Area" on the Site Plan. Borders' permitted staging area is shown as "Borders' Construction Staging Area" on the Site Plan. For the same purpose and the same limited time and extent, each Owner further agrees that the Common Area may be used for ingress and egress of construction and construction-related vehicles and personnel and that tempor~ry storage of construction materials and equipment shall be permitted on the portions of the Common Area not located within the Common Access Areas. 15 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB 9100 pg 1814 ARTICLE IV . MAINTENANCE AND REPAIR 4.1 Utilities. (A) Each Owner shall repair and maintain in first-class condition all utility facilities, lines and systems located on its portion of the Shopping Center that serve only its Parcel(s) unless the same are dedicated to, and accepted by, a public or quasi-public utility or authority. (B) Each Owner shall maintain and repair, at its sole cost, any facilities installed on another Owner's portion of the Shopping Center pursuant to the utility easements which have been established pursuant to Section 2.2 and which exclusively serve such Owner's Parcel(s), unless the same are granted or dedicated to and accepted by a utility or a governmental agency which agrees to maintain and replace the same. Any maintenance and repair of non-dedicated utilities located on an Owner's portion of the Shopping Center shall be performed in a lien-free manner following two (2) weeks' notice to the other Owners and the Major Tenants (except in an emergency the work may be immediately initiated, provided notice is given as soon as reasonably possible) and shall be done after normal business hours whenever possible and shall otherwise be performed in such a manner as to cause as little disturbance in the use of the Common Access Areas and the Parcels as is practicable under the circumstances. (C) All utility lines which serve more than one Parcel shall be maintained as part of the Common Area pursuant to Section 4.2 4.2 Common Area. 16 RllB\1141\CIRCUIT\OPER-AGT.D13 ORB ~100 pg 181. S (A) Each Owner shall maintain the improved Common Area located on its portion of the Snopping Center in first class condition and repair in accordance with the following: (i) maintain, repair and resurface all drive and parking areas to keep the same in a smooth and evenly covered condition and periodically sweep, clean and restripe the same; (ii) remove papers, debris, refuse, ice and snow from the drive and parking areas and adequately drain the drive and, parking area to the extent necessary to keep the same in a first-class, clean and orderly condition; (iii) maintain appropriate directional signs and markers and replace the same as necessary; (iv) illuminate the drive and parking areas, and maintain and replace lighting facilities, bulbs and ballasts; (v) maintain all landscaped areas, including the replacement of shrubs and other landscaping as necessary, and maintain any automatic sprinkler system serving the landscaped areas; (vi) sidewalks; clean, sweep, . maintain and repair all (vii) store all trash and garbage in adequate, screened containers and provide for regular collection of same; 17 RI7B\7747\CIRCUIT\OPER-AGT.DL3 ORB 7100 P9 1816 (viii) pay all utility bills incurred in the operation of the Common Area and not ~verburden the available utilities; and (ix) maintain the pylon sign(s) or any replacement thereof on such Owner's portion of the Shopping Center; provided however, that the Owner of the Retail Parcel shall maintain the pylon sign described in Section 4.4 hereof and obtain casualty insurance with respect thereto. (B) In addition, each Owner shall maintain and repair, at its sole cost, ,in a clean, sightly and safe condition any exterior shipping/receiving dock area, any truck ramp or truck parking area and any refuse, compactor or dumpster area located on its Parcel. ( C) In the event any of the Common Area is damaged or destroyed by any cause other than normal wear and tear, whether insured or uninsured, during the term of this OEA, the Owner upon whose Parcel such Common Area is located shall with reasonable dispatch and subject to adjustment of any insurance claims, which claims the affected Owner agrees to promptly file and diligently prosecute, repair or restore such 'Common Area at its sole cost and expense with all due diligence. Notwithstanding the foregoing, in the event such damage or destruction of the Common Area is caused in whole or in part by the actions or inactions of another Owner, the Owner causing such damage shall be obligated to make such repair or restoration, failing which the Owner of the portion of the Shopping Center upon which such damaged Common Area is located shall have the right to proceed against such other Owner for indemnity, contribution or damages. 18 RI1B\1147\CIRCUIT\OPER-AGT.013 ORB ill 00 P9 181 7 4.3 Buildinq Improvements. . (A) After completion of construction of any building improvements on its Parcel, each Owner covenants and agrees to maintain and keep such building improvements in good condition and state of repair, in compliance with all governmental laws, rules, regulations, orders, and ordinances exercising jurisdiction thereover, and in compliance with the provisions of this OEA. Each Owner further agrees to store all trash and garbage in adequate containers, to locate such containers so that they are not readily visible from the parking area, and to arrange for regular removal of such trash or garbage, unless such ser.vice is provided as a part of Common Area maintenance. (B) In the event any of the building improvements are damaged by fire or other casualty (whether insured or not), the Owner upon whose Parcel such building improvements are located shall immediately remove the debris resulting from such event and provide a sightly barrier and shall either; (i) commence to and diligently complete repair or restore the building improvements do damaged, or (ii) commence to and diligently complete erection of other building improvements in such location, provided all provisions of this OEA are complied with, or (iii) demolish the damaged portion or all of such building improvements and have restored the area to an attractive condition, in which event the area shall be Common Area until a replacement building is erected. 4.4 Pylon Siqn. Agree, at its sole cost and expense, no later than March I, 1996 sha11 construct and install upon the Common Area at the corner of Old Boynton Road and Congress Avenue at the location shown on t:-he Site Plan as "Pylon Sign For Bldg. A & B", a pylon sign structure (with electrical wired box installed) having sufficient space thereon as to that pylon for inclusion of doublesided "face panels" identifying Circuit City's 19 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB 100 pg 1 81 8 store and Borders' store (with the Circuit City panels to be in the top tenant position), which face panels shall be constructed and installed at the sole cost and expense of Circuit City and Borders. Agree shall submit to Circuit City and Borders plans and specifications for such pylon sign (including colors, design, dimensions, type of lighting and position of tenant panels) prior to. construction and installation thereof for Circuit City's and Borders' written approval, which shall not be unreasonably withheld or delayed. The Borders sign shall be the same size as Circuit City's sign. Notwithstanding the foregoing, each of Circuit City and Borders shall be entitled without any Owner's consent, but subject to governmental requirements, as aforesaid, to replace any and all of its signs with signage consistent with its then-current prototypical sign plans. In the event of an assignment or subletting as a result of which Circuit City or Borders is no longer occupying any portion of the Shopping Center, the assignor's or sublessor's signs may be replaced by signs identifying the appropriate assignee or subtenant, provided that the specific design of such signage shall be subject to the consent of the Owner of the Circuit City Parcel or the Borders Parcel, as applicable" which consent shall not be unreasonably withheld, conditioned or delayed. In the event of a taking of the pylon, the Owner of the Retail Parcel shall provide a substitute pylon subject to City approval and the requirements of Circuit City's and Borders' leases. There are hereby reserved for the benefit of the Owner of the Retail Parcel and its Tenants easements burdening the Restaurant Parcel for the installation, maintenance, repair, replacement and electrification of this pylon sign. Notwithstanding anything in Section 5.4 to the contrary, the Owner of the Retail Parcel shall maintain the casualty and liability insurance required hereunder with respect to this pylon. 20 RI7B\7747\CIRCUIT\OPER-ACT.D13 ORB 91DO?9 1 81 9 ARTICLE V OPERATION OF THE SHOPPING CENTER 5.1 Uses. (A) No portion of the Shopping Center shall be occupied or used, directly or indirectly, for any of the uses set forth on the attached Exhibit F or set forth in the attached Exhibit F-1; provided,. however, that the Major Tenant of the Circuit City Parcel may agree to delete or relax one or more of the restrictions set forth on Exhibit F and the Major Tenant of the Borders Parcel may agree to delete or relax one or more of the restrictions set forth on Exhibit F-1, and an amendment to this OEA modifying Exhibit F or Exhibit F-1 shall be effective as long as it is executed by the Major Tenant of the Borders Parcel or the Circuit City Parcel only, as applicable; provided, however, that notice of any amendment to Exhibit F and/or Exhibit F-1 shall be given to the Owners. So long as Hops is the Tenant of that portion of the Restaurant Parcels containing Restaurant 1, no other portion of the Shopping Center shall be used for the operation of a microbrewery; and so long as Longhorn is the Tenant of that portion of the Restaurant Parcels containing Restaurant 2, no other portion of the Shopping Center shall be used for the operation of a so-called "steak house" (i.e. a restaurant whose primary food offering is steaks for on-premises consumption). The Owner of the Restaurant Parcels and the Major Tenant of Restaurant 1 may delete or relax the microbrewery restriction and the Owner of the Restaurant Parcels and the Major Tenant of Restaurant 2 may delete or relax the "steak house" restriction, in either case by an amendment to this OEA executed by such Owner and applicable Major Tenant; however, notice of any such amendment shall be given to the other Owners. 21 RI78\7747\CIRCUIT\OPER-AGT.D13 ORB 100 pg 1820 (B) So long as Borders or any affiliate is operating a retail store within the Borders Parcel, no Tenant of the other Parcels shall engage in: (i) the sale of books and periodicals in all current and future formats; (ii) the sale of professionally pre-recorded and packaged video entertainment in all current and future formats; (iii) the sale of professionally pre-recorded and packaged music in all current and future formats; and (iv) the operation of a "coffee bar" in any format, whether as an incidental or primary use; provided, however, that the foregoing shall not affect or limit 'any restaurant located on the Restaurant Parcels. (the foregoing being referred to herein as the "Borders Exclusive"); provided, however, that the Borders Exclusive shall not prohibit the sale of items where the subject matter is directly related to the primary use of the premises (e.g. a computer store"which sells books and periodicals dealing with computer products) and not more than one hundred (100) square feet of surface display area is devoted to the retail display of such related items; and further provided that the Borders Exclusive shall not prevent the sale by Circuit City of any products which are customarily sold in a Circuit City retail store similar to the retail store located on the Circuit City Parcel. (C) So long as the Circuit City Parcel is being used for the uses set forth below, no other Tenant of the Shopping Center shall be entitled to sell or rent (or rent to own) any of the 22 RI7B\7747\CIRCUIT\OPER-AGT.D1J ORB '7 100 P9 1 821 "Products": (i) the sale of consumer, office and automotive elec- tronics products (which include, but shall not be limited to, televisions, stereos, speakers and video recorders and players) , computer hardware and software, entertainment software and entertainment media (which include, but shall not be limited to, records, game cartridges, video tapes, cassettes and compact discs), cellular telephones, household appliances (which include, but shall not be limited to, refrigerators, freezers, stoves, microwave.ovens, vacuum cleaners and dishwashers) and related goods and the sale and installation of motor vehicle audio, stereo and telephone systems (all of such items being herein collectively referred to as the "Products"), and (ii) renting, servicing, installing, repairing and warehousing of the Products. The foregoing is referred to herein as the "Circuit City Exclusive"; provided, however, that the foregoing shall not prevent the sale by Borders of any products which are customarily sold in a Borders retail store similar to the retail store located on the Borders Parcel. (D) No Permittee shall be charged for the right to enter or use the Common Area (except for common area maintenance charges payable by Tenants under their leases) . (E) Reference is hereby made to that certain Consent to Modify Restrictive Covenants dated September 5, 1995 made by GOA Properties and Boynton-JCP Associates, Ltd. and recorded in Official Records Book 9064 at page 103 by the Clerk of the Circuit Court of Palm Beach County (the IIGOA Consent"). Agree assigns to the Circuit City Parcel two (2) of the four (4) retail tenants or other occupants permitted by the GOA Consent and agrees that it will limit the subletting rights of other tenants or occupants subject to the GOA Consent so as not to erode Circuit City's subletting rights. Thus, at all times Circuit City shall have the right to sublet a portion of the building on the Circuit City Parcel (as well as 23 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB 9100 P9 1822 the whole) and either occupy the balance or sublet the balance. Agree assigns to the Borders Parcel the other two (2) of the four(4) retail tenants or other occupants permitted by the GOA Consent so as not to erode Borders' subletting rights.. Thus, at all times Borders shall have the right to sublet a portion of the building on the Borders Parcel (as well as the whole) and either occupy the balance or sublet the balance. 5.2 Liqhtinq. After completion of the Common Area lighting system on its portion of the Shopping Center, each Owner hereby covenants and agrees to keep its portion of the Common Area fully illuminated each day from dusk to at least thirty (30) minutes after the last business operation on its Parcel(s) has closed, and further agrees to keep any exterior building security lights on from dusk until dawn. In addition, the Owner of the Retail Parcel and the Owner of the Restaurant Parcels agree to keep the "Restaurant Employee Parking II area described in Section 3.2 illuminated from dusk until at least one (1) hour after the restaurants located on the Restaurant Parcels shall have closed. Three of the light poles on the Retail Parcel illuminating the Employee Parking Area are wired to the electrical service serving the Restaurant Parcels and the cost of electricity therefor shall be paid by the Owner of the Restaurant Parcels or its Tenants. If longer periods of illumination are required by law, the Owners shall comply therewith. 5.3 Signs. No freestanding sign shall be permitted within the Shopping Center other than the existing pylon sign serving the Restaurant Parcels and located south of the Congress Avenue entrance and the pylon sign provided for in Section 4.4 (or a replacement thereof in the event of condemnation of the pylon sign) and, if permitted by the City, the monument sign contemplated by the Consent to Modify Restrictive Covenants executed by Toys R Us and recorded in Official Records Book 9064 at page 74 by the Clerk of the Circuit Court of Palm Beach County, and any 24 RI7B\7741\CIRCUIT\OPER-AGT.D13 ORB \.L 00 P9 1 823 additional freestanding or pylon sign which shall be specifically agreed upon by the Owner of the Retail Parcel and Circuit City and Borders, which agreement shall be evidenced by a written amendment to this OEA. Notwithstanding anything above to the contrary, each Owner sh~ll be permitted to place within the Common Area located on its portion of the Shopping Center directional, Customer Pick-Up, traffic control and "for rent" signs or information signs such as "Handicapped Parking", the temporary display of building permits and the temporary erection of one sign identifying each contractor working on a construction job. 5.4 Insurance. (A) Each Owner shall, with respect to the Common Area on its portion of the Shopping Center and with respect to all other areas of the Shopping Center over which such Owner has present possessory rights but which do not constitute a part of the Common Areas maintain or cause to be maintained in full force and effect Commercial General Liability Insurance, including Personal Injury Liability Insurance and Contractual Liability Insurance, with a financially responsible insurance company or companies licensed in the" State of Florida with a minimum Best's rating of B+ VI. Such insurance shall provide for aggregate coverage limits of not less than Three Million and NO/lOa Dollars ($3,000,000.00) for public liability and property damage. Additionally, such insurance shall include the following minimum requirements: (i) shall provide that the policy may not be cancelled or materially reduced in amount or coverage without at least 30 days prior written notice by the insurer to the other Owner(s) and Major Tenants and Hops and Longhorn (so long as they are Tenants) and 25 RI78\1141\CIRCUIT\OPER-AGT.D1J ORB -~'1 00 ?g 1826 cost and expense any such taxes and assessments with respect to the Shopping Center in any manner the contesting party elects, so long as such contest is maintained with reasonable diligence and in good faith. Borders consents to any such contest by Circuit City and vice versa. In order to evidence compliance with the foregoing, any Owner ("Requesting Owner") may, from time to time but not more than twice in any calendar year request in writing from another Owner ("Taxpayer") furnish written evidence that all real and personal property taxes and installments of assessments and specLal assessments upon the Taxpayer's real estate then due have been paid in full. Upon such request, the Taxpayer shall furnish such evidence to the Requesting Owner. If a Defaulting Owner shall fail to pay any real and personal property taxes or installments of assessments or special assessments ("Taxes") on its portion of the Shopping Center before any penalties and statutory interest accrue, any Non- Defaulting Owner may pay the Taxes, penalties and statutory interest if such amounts are not paid by the Defaulting Owner within thirty (30) days after written notice from the Non- Defaulting Owner to the Defaulting Owner demanding the payment of such amounts. In such event, the Defaulting Owner shall reimburse the Non-Defaulting Owner upon demand for all Taxes, penalties and statutory interest paid by the Non-Defaulting Owner for the property in the Shopping Center owned by the Defaulting Owner, plus interest at the Default Rate (as defined in Section 6.1 below). Upon payment of the Taxes by the Non-Defaulting Owner, such Owner shall have a lien on the Defaulting Owner's portion of the Shopping Center which shall have priority based on the date of the recording of a notice thereof in the Recording Office but shall in any event be inferior in priority to the leases of the Tenants, until such time as the Defaulting Owner pays in full to the Non-Defaulting Owner the amounts provided for above. 28 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB <.; ~ 00 P9 1824 (ii) shall include the other Owner(s) and the Major Tenants and Hops and Longhorn (so long as they are Tenants) as additional insureds. To the extent required by law, each Owner and Tenant shall maintain workers' compensation insurance covering their respective employees in statutory limits, or maintain such al~ernate coverages or arrangements as are legally permissible. The Owner of the Restaurant Parcels shall cause to be kept in full force and effect a policy of fire and extended coverage insurance covering loss or damage to the improvements in the amount of at least 80% (it being understood that such Owner is self-insuring for any difference) of full replacement value of the improvements exclusive of excavation, footings and foundations, with a commercially reasonable deductible, for which such Owner shall be fully responsible. No Owner shall construct, or permit to be constructed, any improvement in the Shopping Center, nor conduct any activity, or permit the conduct of any activity, in the Shopping Center which will prevent Circuit City or Borders from being able to obtain insurance coverage at commercially reasonable rates, including, without limitation, a fully-sprinklered fire insurance rate. To the extent that insurance proceeds are actually received in satisfaction of a loss which is required to be covered by insurance or is self-insured hereunder (with the deductible under any policy being deemed to be self-insured), Owners hereby waive any and all rights of recovery against each other and against the Major Tenants for any loss or damage to the improvements or the contents contained therein, for loss of income on account of fire or other casualty, or for injury sustained on the improvements or the Common Areas; and each party's policies of insurance shall contain appropriate provisions recognizing this mutual release 26 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB 100 pg 1825 and waiving all rights of subrogation by the respective insurance carriers. (B) The insurance described above may be carried by either the Owner or by any Tenant of a Parcel under: (i) an individual policy; (ii) a blanket policy or policies which includes other liabilities, properties and locations of such Owner or Tenant provided that the total amount of insurance available with respect to the insured's liability or improvements shall be at least the. equivalent of separate policies in the amounts herein required (iii) in the case of casualty and liability insurance, a plan of self-insurance, provided that the Owner or Tenant so self-insuring has One Hundred Fifty Million ($150,000,000.00) or more of net worth as evidenced by a certificate of the chief financial officer of such entity; or (iv) a combination of any of the foregoing insurance programs. Each Owner agrees to furnish or cause to be furnished to any other Owner(s) or Major Tenant{s) requesting the same, a certificate(s) of insurance evidencing that the insurance required to be maintained by such requested Owner (or Tenant) is in full force and effect and any Owner (or Tenant) electing to self-insure shall so advise the other Owners and Major Tenants in writing and shall provide with such notice a certificate regarding net worth as'required by clause (iii). 5.5 Taxes and Assessments. Each Owner shall pay, or cause to be paid prior to delinquency, all taxes, assessments, rates and levies with respect to its portion of the Shopping Center, including, without limitation, the buildings and improvements located thereon and any personal property owned or leased by such Owner in the Shopping Center; provided that if the taxes or assessments or any part thereof may be paid in installments, an Owner may pay each such installment as and when the same becomes due and p~yable. Nothing contained in this section shall prevent any Owner or Major Tenant (or Hops or Longhorn so long as they are Tenants of the Restaurant Parcels) from contesting at its own 27 RI7B\7747\CIRCUIT\OPER-AGT.D13 .JRB -. 100 29 1827 5.6 Liens. In the event any mechanic's lien is filed individually or collectively against the real estate of any Owner as a result of services performed or materials furnished, in connection with the construction activities on the real estate, the Owner of the real estate upon which services were performed or materials furnished giving rise to the lien agrees to cause such lien to be released and discharged of record within 30 days after receipt of written notice of the filing of the lien, either by paying.the indebtedness which gave rise to such lien or by posting bond or other security as shall be required by law to obtain such release and discharge. 5.7 Miscellaneous Obliqations. In the event any costs, assessments or other obligations are imposed by third parties against a Parcel or the Shopping Center for use of easements benefitting the Shopping Center (such as, for example, the Great Western Cross-Easement referenced in Section 1.3), each Owner shall pay such obligation against its parcel(s), or its Proportionate Share of such obligation for the Shopping Center, when due. In the event any Defaulting Owner shall fail to pay any such obligation on its Parcel, or its Proportionate Share of such obligation on the Shopping Center, before any penalties or interest accrue., any Non-Defaulting Owner may pay such obligation if such amounts are not paid by the Defaulting Owner within thirty (30) days after written notice from the Non-Defaulting Owner to the Defaulting Owner demanding the payment of such obligation. The Non-Defaulting Owner shall have the rights and remedies of the Non-Defaulting Owner, as set forth in Section 5.5, specifically including the right to place a lien subordinate to the leases of the Tenants. 29 RI7B\7747\CIRCUIT\OPER-AGT.PlJ ORB 9100 P'3 1828 ARTICLE VI MISCELLANEOUS 6.1 Default. (A) If any Owner fails to comply with any provision herein ("Defaulting Owner"), then any of the other Owners (individually or collectively referred to herein as the "Non-Defaulting Owner") may, upon. thirty (30) days prior written notice to the Defaulting Owner (with a copy to such Owner's mortgagee if the provisions of Section 6.3 hereof have been met), proceed to cure the default (and shall have a license to do so) by the payment of money or performance of some other action for the account of the Defaulting Owner. The foregoing right to cure shall not be exercised if within the thirty (30) day notice period: (i) the Defaulting Owner or its mortgagee cures the default, or (ii) if the default is curable, but cannot reasonably be cured within that time period, the Defaulting Owner or its mortgagee begins to cure such default within such time period and diligently pursues such action to completion. In the event of an emergency, the Non-Defaulting Owner shall give whatever notice to the Defaulting Owner as is reasonable under the circumstances. (B) Within ten (10) days of written demand (including providing copies of invoices reflecting costs), the Defaulting Owner shall reimburse the Non-Defaulting Owner for any sum reasonably expended by the Non-Defaulting Owner due to cure the default, together with interest thereon at the "Default Rate". (C) The "Default Rate" shall be the lesser of: (i) five percent (5~) per annum in excess of the prime rate from time to time publicly announced by the Wall Street Journal, or (ii) the highest rate permitted by law. 30 RI7B\7747\CIRCUIT\OPER-AGT,D1J ORB 0'100 P9 1829 6.2 Estoppel Certificate. Each Owner agrees that upon written request (which shall not be more frequent than three (3) times during any calendar year) from time to time by any of the other Owners or Major Tenants, it will issue at no charge to a prospective mortgagee of such other Owner or to a prospective successor Owner to such other Owner or to a Major Tenant or its prospective assignee or subtenant or leasehold mortgagee, an estoppel certificate stating: (A) whether the Owner to whom the request has been directed knows of any default by any Owner under this OEA, and if there are known defaults, specifying the nature thereofj (B) whether, to the best of the requested Owner's knowledge, this OEA is in full force and effect; and (C) whether, to the best of the requested Owner's knowledge, there are any sums owed by any Owner. Such certificate shall act as a waiver of any claims by the Owner furnishing it as against the addressee of the certificate to the extent 9.uch claim is based upon facts contrary to those asserted in the certificate; however, such statement shall in no event subject the Owner furnishing it to any liability whatsoever, notwithstanding the negligent or otherwise inadvertent failure of such Owner to disclose correct and/or relevant information. 6.3 Notices. Each notice ("Notice") required or permitted to be given under this OEA shall be in writing and shall be deemed to have been properly given or served as of the date the same is deposited in the United States mail, prepaid, by registered or 31 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB ..1. 00 P9 1830 certified mail, return receipt requested, or delivered to a private express package courier prepaid and in each case sent to the address set forth below. In the event an Owner shall encumber its Parcel{s} by a first mortgage and Notice of such fact has been given to the other Owner(s} and Major Tenants, then a copy of any Notice directed to such mortgaging Owner shall also be. sent to its first mortgagee. Any notices to Agree, FRP, Borders, Circuit City, Hops or Longhorn shall be sent to: If to Agree: Agree Limited Partnership c/o Agree Realty Corporation 31850 Northwestern Highway Farmington Hills, Michigan 48334 with a copy to: Leon M. Schurgin, Esq. Kramer Mellen 3000 Town Center, Suite 1700 Southfield, Michigan 48075-1277 If to Borders: Borders, Inc. 311 Maynard Street Ann Arbor, MI 48104-2211 with a copy to: Phillip J. Bowen, Esquire Conlin, McKenney & Philbrick 700 City Center Building Ann Arbor, MI 48104-1994 If to- Circuit City: Circuit City Stores, Inc. 9950 Mayland Drive Richmond, Virginia 23233 Attention: Corporate Secretary with a copy to Circuit City Stores, Inc. 9950 Mayland Drive Richmond, Virginia 23233 Attention: Vice President of Real Estate If to FRP: Florida Retail Properties, Inc. 1876 Monte Carlo Way Coral Springs, Florida 33071 or for delivery by the U.S. Postal Service to: P. O. Box 772530 Coral Springs, Florida 33077-2530 32 RI7B\7747\CIRCUIT\OPER-AGT.013 ------- -- ~ -----~ ~---- --- with a copy to: If to Longhorn: with a copy to: If to Hops: with a copy to: ORB 100 pg 1831 Burl F. George, Esq. Johnson, Anselmo, Murdock, Burke & George 790 East Broward Boulevard, Suite 400 Ft. Lauderdale, Florida 33301 Longhorn Steaks, Inc. 8215 Roswell Road, Building 200 Atlanta, Georgia 30350 Attn: Mr. Kirk Hermansen Vice President, Development Ralph Williams, Jr., Esq. Alston & Bird One Atlantic Center 1201 West Peachtree Street Atlanta, Georgia 30309-3424 Hops Grill & Bar 3030 No. Rocky Point Dr. West Suite 650 Tampa, Florida 33607 Attn: Mr. Wayne T. Parkinson Jeffrey Shannon, Esq. Fowler, White 501 East Kennedy Boulevard Tampa, Florida 33601 Any Owner or Major Tenant shall have the right from time to time and at any timed upon at least ten (10) days' prior written Notice thereof in accordance with the provisions hereof, to change its respective address or to direct that notices be also given to any Tenant of a Parcel (whose address shall also be furnished); provided, however, notwithstanding anything herein contained to the contrary, in order for the Notice of address change to be effective it must actually be received; and further provided such address may not be a post office box except to the extent necessary for delivery by the U.S. Postal Service. The refusal of an Owner or Major Tenant to accept certified or registered mail or a private courier package delivery service shall be deemed delivery on the date of such refusal. 33 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB ~100 P9 1832 Upon receipt of a written Notice complying with the provisions of this Section 6.3 from a mortgagee having an interest in one of the Parcels within the Shopping Center, the Owners agree that and after such date a copy of any Notice given will be sent to such mortgagee. Such Notice from a mortgagee must clearly state the Parcel{s} in which such mortgagee has an interest. 6.4 . Bindinq Effect. The terms of this OEA {i} are made for the direct, mutual and reciprocal benefit of each Owner and Major Tenant, {ii} shall constitute and be enforceable as mutual equitable servitude on each portion of the Shopping Center in favor of the other portions, (iii) shall constitute covenants running with the land within the Shopping Center, and (iv) shall be binding upon any person or entity acquiring any fee, leasehold or other interest in the Shopping Center or any part thereof. The terms of the OEA shall inure solely to the benefit of, and shall be binding upon, any Owner or Tenant of the Shopping Center and any Parcel. This OEA is not intended to supersede, modify, amend or otherwise change the provisions of any prior instrument affecting the land burdened hereby. Any Major Tenant may enforce this OEA and shall be subrogated to the rights of the Owners in such enforcement. 6.5 Sinqular and Plural. Whenever required by the context of this OEA, the singular shall include the plural, and vice versa, and the masculine and neuter genders shall include all genders. 6.6 Counterparts and Siqnatures Paqes. This OEA, and any amendment thereto, may be executed in several counterparts, each of which shall be deemed an original. The signatures to this OEA may be executed and notarized on separate pages, and when attached to this OEA shall constitute one complete document. 34 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB ~100 P9 1833 6.7 Neqation of Partnership. None of the terms or provisions of this OEA shall be deemed to create a partnership between or among the Owners or Major Tenants in their respective businesses or otherwise, nor shall it cause them to be considered joint venturers or members of any joint enterprise. Each Owner shall be considered a separate owner, and no Owner shall have the right to act as an agent for another Owner, unless expressly authorized to do so herein or by separate written instrument signed by. the Owner to be charged. 6.8 Not a Public Dedication. Nothing herein contained' shall be deemed to be a gift or dedication of any portion of the Shopping Center or of any Parcel or portion thereof to the general public, or for any public use or purpose whatsoever. Except as herein specifically provided, no right, privilege or immunity of any Owner shall inure to the benefit of any third party Person, nor shall any third party be deemed to be a beneficiary of any of the provisions contained herein except as otherwise expressly provided herein. 6.9 Severability. Invalidation of any of the provisions contained in this OEA or of the application thereof to any Person by judgment or ~ourt order, shall in no way affect any of the other provisions hereof or the application thereof to any other Person, and the same shall remain in full force and effect. 6.10 Amendments. Except as otherwise expressly provided herein, this OEA may be amended by, and only by, a written agreement signed by all of the then current Owners and Major Tenants and shall be effective only when recorded in the Recording Office. 6.11 Caotions and Caoitalized Terms. The captions preceding the text of each article and section are included only for convenience of reference. Captions shall be disregarded in the 35 RI7B\7747\CIRCUIT\OPER-AGT.01J ......e 'Jt( '-1100 ?9 1834 construction and interpretation of the OEA. Capitalized terms are also selected only for convenience of reference and do not necessarily have any connection to the meaning that might otherwise be attached to such term in a context outside of this OEA. 6.12 Minimization of Damaqes. In all situations arising out of this OEA, each Owner shall attempt to avoid and minimize the damages r~sulting from the conduct of any other Owner. Each Owner shall take all reasonable measures to effectuate the provisions of this OEA. 6.13 OEA Shall Continue Notwithstandinq Breach. It is expressly agreed that no breach of this OEA shall: (i) entitle any Owner to cancel, rescind or otherwise terminate this OEAj or (ii) defeat or render invalid the lien of any mortgage made in good faith and for value as to any part of the Shopping Center. However, such limitations shall not affect in any manner any other rights or remedies which an Owner or Major Tenant may have hereunder by reason of any such breach. 6.14 Time. Time is of the essence of this OEA. 6.15 Non-Waiver. The failure of any Owner or Major Tenant to insist upon strict performance of any of the terms, covenants or conditions hereof shall not be deemed a waiver of any rights or remedies which that Owner or Major Tenant may have hereunder or at law or equity and shall not be deemed a waiver of any subsequent breach or default in any of such terms, covenants or conditions. 6.16 Peroetual Easement. Those easements designated as being perpetual or as continuing beyond the term of this OEA shall continue indefinitely but can be extinguished only by: (1) a written termination agreement signed by all of the Owners 36 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB I l100 P9 1835 and Major Tenants; or (2) a written affidavit by an Owner, filed in the Recording Office, stating that: (i) such Owner is an Owner of a portion of the Shopping Center; (ii) such Owner has given written notice to all other Owners and to all Major Tenants that it desires to terminate the easement in question and that such termination shall be effective automatically unless such Owner receives written objection to such termination within sixty (60) days; (iii) such Owner has not received any notice of objection to such termination from any other Owner or any Major Tenant within sixty (60) days following delivery of such notice; and (iv) that such easement has not been used for two (2) years. Upon the filing of such an affidavit, the easement in question shall be deemed terminated. 6.17 Mortqaqes on Shopoinq Center. Any mortgage or similar instrument securing financing upon the Shopping Center, or portion thereof, after the recording of the OEA in the Recording Office, shall be subject and subordinate to the terms and conditions of this OEA. ARTICLE VII PERFORMANCE BY TENANT 7.1 General. An Owner of a portion of the Shopping Center ("Designating Owner") may (with the consent of the "Designated Tenant"), by Notice to the other Owner(s} designate a Tenant ("Designated Tenant") of a Parcel as the party responsible for performing the obligations of such Owner under this OEA, and thereafter, such Designated Tenant shall have the benefit of, and the right to enforce, all of the rights of the Designating Owner under this Agreement, and shall perform all of the obligations of, and be subject to the restrictions upon, the Designating Owner under this OEA. Regardless of whether Borders or Circuit City is a Designated Tenant, any Major Tenant may enforce this OEA. 37 RI7B\7747\CIRCUIT\OPER-AGT.D1J ORB . 100 P9 1836 7.2 Oualification of Tenant. A Tenant may not be designated as a Designated Tenant pursuant to Section 7.1 hereof unless such Tenant is leasing all of a Parcel and the improvements located thereon from the Designating Owner. 7.3 Desiqnation of FRP. FRP is hereby designated by Agree as the Designated Tenant of the Restaurant Parcels. If FRP bedomes the Owner of the Restaurant Parcels, Hops and Longhorn shall each become a Designated Tenant of the portion of the Restaurant Parcels leased to it. 7.4 Lease Provisions. Nothing in this OEA shall prevent an . Owner from imposing its obligations hereunder upon its Tenant, but such imposition shall not release the Owner from its obligations under this OEA. In the event a provision of a Tenant's lease is more restrictive or imposes a higher duty, standard or requirement on the Tenant or the landlord than the provisions of this OEA, as between the landlord and the Tenant the provisions of the lease shall control and nothing in this OEA shall be deemed to reduce or limit any Tenant's or landlord's obligations under its lease. 7.5 Termi'nation of Lonqhorn REOA. The undersigned agree that that certain unrecorded Reciprocal Easement and Operation Agreement dated December 2, 1994 between FRP and Longhorn is terminated and of no further force and effect and that any of the undersigned shall execute in recordable form such confirmations of the termination as may be reasonably requested. 7.6 Consents bv Borders and Circuit City. If any consent is required hereunder from Borders, such consent shall be required only so long as Borders or its successor or assign is a Tenant. If any consent is required hereunder from Circuit City, such consent shall be required only so long as Circuit City or its successor or assign is a Tenant. 38 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB 9100 P9 1837 ARTICLE VIII TERM 8.1 Term of this OEA. This OEA shall be effective as of the date first above written and shall continue in full force and effect until 11:59 p.m. on December 31, 2075; provided, however, that the easements referred to in Article II hereof which are specified as being "perpetual" or as "continuing beyond the term of this OEA" shall continue in force and effect as provided therein. Upon termination of this OEA, all rights and privileges derived from and all duties and obligations created and imposed by the provisions of the OEA, except as relates to the easements mentioned above, shall terminate and have no further force or effect; provided however, that the termination of this OEA shall not limit or affect any remedy at law or in equity that an Owner or Major Tenant may have against any other Owner or Major Tenant with respect to any liability or obligation arising or to be performed under this OEA prior to the date of such termination. IN WITNESS WHEREOF, Agree has caused this OEA to be executed effective as of the day and year first above written. AGREE LIMITED PARTNERSHIP, by its general partner: AGREE REALTY CORPORATION a Dclawa~e Corporation B~~ Name: - Its: '~/I~ . 39 RI7B\7747\CIRCUIT\OPER-AGT.N28 ORB -1100 P9 1840 STATE OF ~UJMf)A : CITY/COUNTY OF J.J JUS&IUJU6# The foregoing instrument was acknowledged before me this 5 -rtf. day of DE.-U..M~L , 1995, by DA4(0 (,.. M~.v as p~p~ of HOPS OF SOUTHEAST FLORIDA, INC., a Florida corporation, on behalf of the corporation as General Partner on behalf of HOPS OF BOYNTON BEACH, LTD., a Florida limited partnership. He is personally known to me. My commission expires: Name: ~~~ti1 Notary Public [Notarial Seal) tf2....~ ROBERT E. GASPERElTI w, ~ MYCCMIISSIONICC371587 . . EXPRS: .10. 1_ .... TIIIU IIIllIry NIc IDIINdn STATE OF W..Yf j J p.- CITY/COUNTY OF ~ I fur"\. The foregoing instrument was acknowledged before me this{ ~ day of D t..U--- ,.......,hbT ' 1995, by /(.,'r t- fVl. HL--1f"Yih'l.J-by\ as V.I. 0(. '(/1 v~~f LONGHORN STEAKS, INC., a Georgia corporation, 0 behalf of the corporation. He is personal..~~":'" . known to me. ~::....,>.'. ~''''''<'' My commission expires: ;/~lS>: '" ":';:::;~:" ~ ~. ; , '. :.~~> : O ~ '. ...'. .....~>:.- . ..~ - ""-7'0' Notary Public '............,.~.../:. ., f*Xary Putltio, FuIon. CounIr. GIafgIa '. .' ...." " [Notarial Seal) _~ v' . ...___DeoembIr"~' .. -, ;. 42 RI7B\7747\CIRCUIT\OPER-AGT.N28 ORB 9100 P9 1841 EXHIBITS A, A-I AND A-2 Site Plan 43 RI7B\7747\CIRCUIT\OP&R-AGT.N28 ORB 9100 P9 1842 EXHIBIT B Legal Description of Retail Parcel A PORTION OF TRACTS 31, 32 AND 33 OF THE SUBDIVISION OF SECTION 19, TOWNSHIP 45 SOUTH, RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA ACCORDING TO THE PLAT THEREOF AS RECORDED AT PLAT BOOK 7, PAGE 19 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 19i THENCE NORTH 00059'3911 WEST, ALONG THE EAST LINE OF SAID SECTION 19, 1262.20 FEET TO A LINE 40.00 FEET NORTH OF AND PARALLEL WITH THE CENTERLINE OF OLD BOYNTON ROAD; THENCE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 60.01 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 822.51 FEET; THENCE NORTH 44046'34" WEST, 14.45 FEET; THENCE NORTH 00059'3911 WEST, 102.20 FEET; THENCE NORTH 16046'44" WEST, 199.61 FEET; THENCE NORTH 00059'3911 WEST, 258.27 FEET; THENCE NORTH 43032'54" EAST', 57.02 FEET; THENCE NORTH 88005'26" EAST, 431.68 FEET; THENCE SOUTH 00059'39" EAST, 188.00 FEETi THENCE SOUTH 66050'5911 EAST, 114.56 FEET; THENCE NORTH 88005'26" EAST, 310.50 FEET TO A LINE 60.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID SECTION 19; THENCE SOUTH 00059'3911 EAST, ALONG SAID PARALLEL LINE AND ALONG THE WEST RIGHT-OF-WAY LINE OF CONGRESS AVENUE, A DISTANCE OF 398.10 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM A PORTION OF THE SUBDIVISION OF SECTION 19 TOWNSHIP 45 SOUTH, RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 7, PAGE 19 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 19: THENCE NORTH 00059'3911 WEST, ALONG THE EAST LINE OF SAID SECTION 19, 1262.20 FEET TO A LINE 40.00 FEET NORTH OF AND PARALLEL WITH THE CENTERLINE OF OLD BOYNTON ROAD; THENCE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 60.01 FEET; THENCE NORTH 00059'3911 WEST, ALONG A LINE 60.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID SECTION 19, SAID LINE ALSO BEING THE WEST RIGHT-OF-WAY LINE OF CONGRESS AVENUE, A DISTANCE OF 199.85 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 89000'21" WEST, 302.46 FEET; THENCE NORTH 00059'3911 WEST, 193.42 FEET; THENCE NORTH 88005'26" EAST, 302.50 FEET; THENCE SOUTH 00059'3911 EAST, ALONG SAID LINE 60.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SECTION 19, A DISTANCE OF 198.25 FEET TO THE POINT OF BEGINNING. 44 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB -1100 P9 1843 ALSO EXCEPTING THEREFROM A PORTION OF THE SUBDIVISION OF SECTION 19, TOWNSHIP 45 SOUTH, RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 7, PAGE 19 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 19; THENCE NORTH 00~59'39" WEST, ALONG THE EAST LINE OF SAID SECTION 19, 1262.20 FEET TO A LINE 40.00 FEET NORTH OF AND PARALLEL WITH THE CENTERLINE OF OLD BOYNTON ROAD; THENCE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 60.01 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE NORTH 89046'3411 WEST, ALONG SAID PARALLEL LINE, A DISTANCE OF 302.53 FEET; THENCE NORTH 00059'39" WEST, A DISTANCE OF 193.42 FEET; THENCE NORTH 89000'21" EAST, A DISTANCE OF 302.46 FEET; THENCE SOUTH 00059'39" EAST, ALONG A LINE 60.00 FEET WEST OF AND PARALLEL WITH SAID EAST LINE OF SECTION 19 AND ALONG THE WEST RIGHT-OF-WAY LINE OF CONGRESS AVENUE, A DISTANCE OF 199.85 FEET TO THE POINT OF BEGINNING. 45 RI7B\7747\CIRCUIT\OPER-AGT.D1J '''OB IJJ\ 1100 P9 1844 EXHIBIT C Legal Description of circuit City Parcel A portion of the Subdivision of Section 191 Township 45 South, Range 43 Eastl Palm Beach County, Floridal according to the plat thereof as recorded in Plat Book 7, Page 19 of the Public Records of Palm Beach County 1 Florida, more particularly described as follows: Commencing at the southeast corner of said Section 19; thence North 00059'39" Westl along the East boundary of said Section 19, a distance of 1262.20 feet to a point 40.00 feet north of and parallel with the centerline of Old Boynton Road; thence North 89046'34" West, along said parallel linel 681.36 feet; thence North 00059/39" Westl 75.77 feet to the POINT OF BEGINNING; thence South 89000/21" West 176.33 feet; thence North 00059'39" West 174.92 feet; thence South 89000'21" West, 38.68 feet; thence North 14024'30" West, 29.83 feet; thence North 73058'54"East, 47.21 feet; thence North 00059'39" West, 17.38 feet; thence North 89000'21" Eastl 176.33 feet; thence South 00059'39" East, 233.56 feet to the POINT OF BEGINNING. 46 RI7B\7747\CIRCUIT\OPER-AGT.D13 ORB -J 100 P9 1 845 EXHIBIT D Legal Description of Borders Parcel A portion of the Subdivision of Section 19, Township 45 South, Range 43 East, Palm Beach County, Florida, according to the plat thereof as recorded in Plat Book 7, Page 19 of the Public Records of'.Palm Beach County, Florida, more particularly described as follows: COMMENCING at the Southeast corner of said Section 19; thence NOoo59'39"W, along the East boundary of said Section 19, a distance of 1262.20 feet to a point on a line 40.00 feet north of and parallel with the centerline of Old Boynton Road; thence N89046'34"W, along said parallel line, 681.36 feet; thence NOoo59'39"W, 309.33 feet to the POINT OF BEGINNING; thence S89000'21"W, 176.00 feet; thence NOoo59'39"W, 21.00 feet; thence N79000'21"E, 31.48 feet; thenc~ N00059'39"W, 225.77 feet; thence N89000'21"E, 145.00 feet; thence SOoo59'39"E, 252.23 feet to the POINT OF BEGINNING. 47 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB 9100 P9 1846 EXHIBIT E Legal Description of Restaurant Parcels A PORTION OF THE SUBDIVISION OF SECTION 19, TOWNSHIP 45 SOUTH, RANGE 43 EAST, PALM BEACH COUNTY, FLORIDA, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 7, PAGE 19 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 19: THENCE NORTH 00059'39" WEST, ALONG THE EAST LINE OF SAID SECTION 19, 1262.20 FEET TO A LINE 40.00 FEET NORTH OF AND PARALLEL WITH THE CENTERLINE OF OLD BOYNTON ROAD; THENCE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 60.01 FEET; THENCE NORTH 00059'39" WEST, ALONG A LINE 60.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SAID SECTION 19, SAID LINE ALSO BEING THE WEST RIGHT-OF-WAY LINE OF CONGRESS AVENUE, A DISTANCE OF 199.85 FEET TO THE POINT OF BEGINNING: THENCE SOUTH 89000'21" WEST, 302.46 FEET; THENCE NORTH 00059'39" WEST, 193.42 FEET; THENCE NORTH 88005'26" EAST, 302.50 FEET; THENCE SOUTH 00059'39" EAST, ALONG SAID LINE 60.00 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF SECTION 19, A DISTANCE OF 198.25 FEET TO THE POINT OF BEGINNING. TOGETHER WITH A PORTION OF THE SUBDIVISION OF SECTION 19, TOWNSHIP 45 SOUTH, RANGE 43 EAST PALM BEACH COUNTY, FLORIDA, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 7, PAGE 19 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 19: THENCE NORTH 00059'39" WEST, ALONG THE EAST LINE OF SAID SECTION 19, 1262.20 FEET TO A LINE 40.00 FEET NORTH OF AND PARALLEL WITH THE CENTERLINE OF OLD BOYNTON ROAD; THENCE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE 60.01 FEET TO THE POINT OF BEGINNINGi THENCE CONTINUE NORTH 89046'34" WEST, ALONG SAID PARALLEL LINE, A DISTANCE OF 302.53 FEETi THENCE NORTH 00059'39" WEST, A DISTANCE OF 193.42 FEETi THENCE NORTH 89000'21" EAST, A DISTANCE OF 302.46 FEETi THENCE SOUTH 00059'39" EAST, ALONG A LINE 60.00 FEET WEST OF AND PARALLEL WITH SAID EAST LINE OF SECTION 19 AND ALONG THE WEST RIGHT-OF-WAY LINE OF CONGRESS AVENUE, A DISTANCE OF 199.85 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE, LYING AND BEING IN PALM BEACH COUNTY, FLORIDA, CONTAINING 118,708 SQUARE FEET (2.73 ACRES), MORE OR LESS. 48 RIIB\II~7\CIRCUIT\OPER-AGT.D13 ORB -'100 P9 1847 EXHIBIT F Prohibited Uses in Shopping Center (A) a bar, pub, nightclub, music hall or disco in which less than fifty percent (50%) of its space or revenue is devoted to and derived from food service; provided however, that the foregoing shall not apply to the two restaurants constructed on the Restaurant Parcels; (B) a bowling alley; (C) a billiard or bingo parlor; (D) a flea market; (E) a massage parlor; (F) a funeral home; (G) a facility for the sale of paraphernalia for use with illicit drugs; (H) a facility for the sale or display of pornographic material (as determined by community standards for the area in which the Shopping Center is located); provided however, that the foregoing shall not apply to Borders to the extent Borders may sell such material as a part of its customary merchandising plan for a majority of its stores; (I) an off-track betting parlor; (J) a carnival, amusement park or circus; (K) a gas station, car wash or auto repair or body shop (the parties specifically acknowledging that Tenant's car stereo installation facility is not included in this prohibition (K)); (L) a facility for the sale of new or used motor vehicles, trailers or mobile homes; (M) a facility for any use which is illegal or dangerous, constitutes a nuisance or is inconsistent with an integrated, community-oriented retail and commercial shopping center; (N) a skating rink; 49 RI7B\7747\CIRCUIT\OPER-AGT.D13 - _._-~._....._._-_._-~---'- ..--.-.. -_.~~--- ,~._------_._...-- ORB "100 P9 1848 (0) an arcade, pinball or computer game room (provided that retail (including restaurant) facilities in the Shoppi?g Center may operate no more than four (4) such electronic games incidental to their primary operations) ; (P) service-oriented offices (such as, by way of example, medical or employment offices, travel agencies or real estate agencies) or other nonretail uses except for offices and storage facilities incidental to a primary retail operation; (Q) a banquet hall, auditorium or other place of public assembly; provided however, that the foregoing shall not apply to Borders to the extent Borders permits such uses of its store as a part of its customary operation of a majority of its stores; (R) a training or educational facility (including, without limitation, a beauty school, barber college, reading room, school or other facility catering primarily to students or trainees rather than customers); provided however, that the foregoing shall not apply to Borders to the extent Borders permits such uses of its store as a part of its customary operation of a majority of its stores; (5) a theater of any kind; (T) a gymnasium, sport or health club or spa; or (U) dry cleaning establishments except those providing an outlet for pick-up and delivery only. In addition to the foregoing, except for Borders' "coffee bar" and except for the Restaurant Parcels, no Owner shall operate, lease or permit to be operated or leased any restaurant within any building on the Retail Parcel which abuts "Tenant's Preferred Area" (as shown on the Site Plan) or which is located within three hundred (300) feet of the front entrance to the building to be located on the Circuit City Parcel. In addition, no auction, fire or going- out-of-business sale shall be conducted in the Shopping Center. 50 RI7B\7747\CIRCUIT\OPER-AGT.013 ORB 9100 P9 1849 EXHIBIT F-1 Prohibited Uses In Shopping Center Flea market, swap shop or "outlet store" selling merchandise that is used, damaged or discontinued, bowling alley, arcade, game room, skating rinkl gymnasium, billiard room, massage parlor, adult book store, adult video store, bar, tavern, pub, ballroom, dance hall, discotheque, beauty shop, barber college, theater, health club (other than aerobics studios and weight clinics less than 5,000 square feet), offices (other than a full service bank office, savings and loan association office or credit union), place of instruction, reading room or any operation catering primarily to students or trainees rather than to customers, funeral parlorsl facility for the sale of paraphernalia for use with illicit drugs I off-track betting parlor, carnival, amusement park or circus, new or used car dealership, gas station, auto repair shop, car wash, nightclub, auditorium, meeting hall, or other place of public assembly. The terms "bar, tavern and pub" shall not apply to the restaurants operated on the Restaurant Parcels so long as they are operated as restaurants. 51 RI1S\1141\CIRCUIT\OPER-AGT.D13 ORB 9100 P9 1838 STATE OF /t1\ l."", \ ~A-~ CITY/COUNTY OF ~t(~ ~~ was acknowl ed before me this , 1995, by \t..H of AGREE REALTY C RPORATIO , a corporation, on behalf of the corporation as general partner on behalf of Agree Limited artnership, a ,Oe.),F.l:ware limited partnership. He is perso al known to me. , ..,,;~, :~ "'''Iii:.: "r:'~-;':;~'~:";;':"" MY::, commission expires: I. :..;~~....... ~ '....'j ...."~" _ 11 "'\ ;~1.--"1 . ...;. -,) "','; t'f'-itH.'. ~,(:;-,';:'~~':'I.J ." -". : ::" C. .'~ -/NohitiJ fi#~. C..::~~d C~crt.':I, ~ ; ';:'. 01 \ ~ ~~ r;"...,(c:.:,> ~ 14, last \. '~"':~~~:".~.)f..~'~'::~~~:;~~~':i( ..~, . Notary Public . .< "J'~1>f.~*,j:-~ft' Seal] .1 .~ ~ .... ....,;.1 FRP and its Tenants, Hops of Boynton Beach, Inc. and Longhorn Steaks, Inc. join herein and consent hereto. FLORIDA RETAIL PROPERTIES, INC. ~r~e~~l~~.) Its: ~ fOLrn;)~-IUI-l//-Wif- u 40 RI7B\7747\CIRCUIT\OPER-AGT.N28 ORB -,100 P9 1850 TABLE OF CONTENTS ARTICLE I DEFINITIONS 1.1 Building Area . . . 3 1.2 Common Access Areas 3 1.3 Common Area . 3 1.4 Defaultinq Owner 3 1.5 Floor Area . . . 4 1.6 Major Tenant 4 1.7 Non-Defaultinq Owner 4 1.8 Owner. . . . 4 1.9 parcel{s) 4 1.10 Permittee(s) . . . 4 1.11 Person . . . 5 1.12 Proportionate Share . . . 5 1.13 Recordinq Office 5 1.14 Tenant . . . . . 5 1.15 Tenant's Preferred Area 5 2.1 2.2 2.3 2.4 3.1 3.2 3.3 3.4 4.1 4.2 4.3 4.4 5.1 5.2 5.3 5.4 ARTICLE II EASEMENTS Inqress and Egress Utilities. Restriction . Subdivision. 6 7 9 10 ARTICLE III CONSTRUCTION General Reauirements Common Area . . . . . Buildinq Improvement Temporary Encroachments 10 12 13 15 ARTICLE IV MAINTENANCE AND REPAIR Utilities . . . . . . Common Area . . . . . Buildinq Improvements Pylon Siqn . . . 16 16 19 19 ARTICLE V OPERATION OF THE SHOPPING CENTER Uses Lightinq Signs . . Insurance 21 24 24 25 52 RI7B\7747\CIRCUIT\OPER-AGT.DIJ 5.5 5.6 5.7 6.1 6.2 6.3 6.4 6.5 '6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 7.1 7.2 7.3 7.4 7.5 7.6 8.1 ORB 100 P'3 1 851 Taxes and Assessments . Liens . Miscellaneous Obliqations 27 29 29 ARTICLE VI MISCELLANEOUS Default 30 Estoppel Certificate 31 Notices . 31 Bindinq Effect 34 Singular and Plural 34 Counterparts and Siqnatures Paqes 34 Neqation of Partnership 35 Not a Public Dedication 35 Severability 35 Amendments 35 Captions and Capitalized Terms 35 Minimization of Damaqes . 36 OEA Shall Continue Notwithstandinq Breach. 36 Time 36 Non-Waiver 36 Perpetual Easement 36 Mortqaqes on Shoppinq Center 37 ARTICLE VII PERFORMANCE BY TENANT General . 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SBMP 96-001 FILE NU.: PRUJl::C'l' '!'!'l'LE: l.H::l::iCRU"'l'ION: \i''iP~ : DArl'E REC I D: BOYNTON FESTIVE CENTER Subdivision Master Plan NEW SITE PLAN 8/23/96 AMOUNT: MAJOR SITE PLAN MODIFICATION ~l,UUU.OO kECEIPT NO.: 02323 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * TWELVE (12) SETS SUBMITTED: COLORED ELEVA'I'IONS REC I D: _____ _ Th . , 11 MINUTES - REGULAR CITY COMMISSION MEETING BOYNTON BEACH, FLORIDA MAY 17. 1994 Description: PARKING LOT VARIANCE: Request for relief from Article X - Parking Lots, Section 5-142(h)(5) - Distance from a right-of-way line to the inter- section of an interior access aisle. . Motion Vice Mayor Matson moved to approve the parking lot variance request for relief from Article X, Parking lots, Section 5-142(h)(5), distance from a right-of way line to the intersection of an interior access aisle for McMillen Development, Inc., Great Western Bank. Commissioner Katz seconded the motion, which carried 5-0. Boynton Festive Center McMillen Development, Inc. Great Western Bank Northwest corner of Congress Avenue and Old Boynton Road LANDSCAPE CODE: Request for relief from Article II - landscape Code Section 7.5-35(d) & (e) - Interior lot line and right-of-way landscaping. Commissioner Katz advised that he attended the Planning and Development Board meeting. At that meeting, one of the Board members pointed out that there are seventy-four extra parking spaces and he desired additional landscape pods be installed. (This was discussed further under Item VIII.B.l). 2. Project Name: Agent: OWner: location: Description: - In response to Commissioner Katz, Commissioner Aguila stated that if there were ten islands as opposed to seven, the trees may not grow well because they would be spaced too close to each other. Motion Commissioner Aguila moved the approval of the landscape relief from Article II, Landscape Code, Section 7.5-35(d) and (e). Vice Mayor Matson seconded the motion, which carried 5-0. B. Non-Consent Agenda - Not Unanimously Approved by Planning & oevtloJlllnt Boynton Festive Center McMillen Development, Inc. Great Western Bank Northwest corner of Congress Avenue and Old Boynton Road SITE PLAN: Request for site plan approval to construct a 104,018 square foot retail center with two (2) leased outparcels. Tambri Heyden, Planning and Zoning Director, stated that this was approved for a shopping center. It comprises a main building and two leased outbuildings 1. Project Name: Agent: OWner: location: Description: , - 11 - ... TO: THRU: FROM: SUBJ: DATE: ~ PUBLIC WORKS DEPARTMENT MEMORANDUM #96-220 Tambri J. Heyden, AICP Robert Eichorst, Public Warks Director ~ Larry Quinn, Sanitation Superintendent Master Plan - Boynton Festive Center October 3, 1996 The Public Works Department has no problems with the above site. arry Quinn Sanitation Superintendent LQ/ cr \l9~ .'. m rn~@~ow~~ OCT 8 1996 CITY OF BOYNTON BEACH, FLORIDA INTER-OFFICE MEMORANDUM TO: TAMBRI HEYDEN PLANNING & ZONING DIRECTOR DATE: October 7, 1996 F T G. ZONING DEpt SUBJECT: BOYNTON FESTIVE CENTER SUBDIVISION MASTER PLAN - 2nd REVIEW FROM: SGT. MARLON HARRI~"A.$' REFERENCES: POLICE DEP AR TMENT,T/'l'- ENCLOSURES: 0268 I have reviewed the above plans and have no comments. TO: Tambri Heyden. Planning & Zoning FROM: John A. Guidry, Director of Utilities Date: October 7, 1996 MEMORANDUM Utilities # 96-319 SUBJECT: Boynton Festive Center, Subdivision Master Plan, Second Review o ~1 rn .-. - 8 "r. WI' ,--,-., NNING AND ZONING DEPT. Staff has reviewed the above referenced project and offer the following comments: Utilities has no comment. It is our recommendation that the plan proceed through the review process. If you have any questions regarding this subject, please contact Skip Milor at 375-6407 or Peter Mazzella at 375-6404. sm/fest2 xc: Clyde "Skip" Milor Peter Mazzella ,t..- File 00 I . w RECREATION & PARK DEPARTMENT MEMORANDUM NO. 96-472 uU II-I. TO: Tambri Heyden, Planning & Zoning Director f-~~ FROM: Kevin J. Hallahan, F orester/ Environmentalist DATE: October 9, 1996 SUBJECT: Boynton Festive Center- Master Plan The applicant has submitted the Lake Management plan and it will be reviewed and approved prior to issuing the building permits. The project should continue in the normal review process. kjh FIRE PREVENTION MEMORANDUM NO. 96-305 TO: Tambri Heyden, Director Planning & Zoning Department William D. Cavanaugh, FPO I .//1 tf\ 1/714 ~ A Fire Department /ttK{J Ui (;~ '-- October 11, 1996 FROM: DATE: RE: Boynton Festive Center Subdivision of site We have not objections to this request. cc: Deputy Chief Ness FPO II Campbell File ill ~@~~W~ rn OCT I I m6 PLANNING AND ZONING DEPT. '0-1'-19964:45PM FPO"1 LAKE WORTH DRA I NAGE 561 495 9694 P 1 ~'1I11 00 OCT ~ 4"': m rn~ I. WhItWunh !l( ~~ PlANNING AND William G. ~ IONINGOEPT. ~~ AIlo,n..,- Perry & Sc/lone. f' A LAKE WORTH DRAINAGE DISTRICT ~~ October 15. 13081 MILITARY TRAIL DELRA Y BEAC.... FLORICA 33484 Tambri 1. Heyden, AlCP Director Planning and Zoning City of Boynton Beach P.O. Box 310 Boynton Beach. FL 33425-0310 Dear Ms. Heyden; Subjeet: Te<:hnieal Review Committee AleDda The Lake Worth Drainage District offers the following comments regarding the item(s) on the October 15, 1996 meeting agenda: 1. Citrus Olen, pun - No objection. 2. Shoppcs of Woolbright. POD - No objection. However, a drainage review will be required prior to construction. ~ 3. Boynton Festive Center - No objection. 4. ITV Tower - No objection. S. East Ridge (3rd Review) - Not in L WOO service area. 6. Woolbright Place Plat 2 - Preliminatj Review. Would like copy ot. plat prior to conunenting. As always, we thank you for being given [he opportLmity to comment. Sincerely. LAKE WORTH DRAINAGE DISTRICT ~~ Chief Inspector SJW/mfb c: Ronald L.Crone. P.E,. P.L.S.. Assistant Manager, L WDD Patrick A. Martin. P.E., District Engineer. L WOD Oeny BMllh & Bclga RaIln ~ . Bllyntln e.ct'l & WM! Palin ElMd\ 737.3ll3S . FAX l.o7) 4fi-V6i4 RECREATION & PARK MEMORANDUM #96-484 ill rn @ ~ U_ \' ~ OCT I PLANNING AND ONING DEPT. TO: Tambri Heyden, Planning & Zoning Director John Wildner, Parks Superintendent itJ Boynton Festive Center r1 FROM: RE: DATE: October 17, 1996 The Recreation & Park Division has reviewed the plans for Boynton Festive Center. There are no recreation related comments. The project may continue through the normal review process. JW:ad DEPARTMENT OF DEVELOPMENT BUILDING DIVISION MEMORANDUM NO. 96-432 ~'; ~8U~-.m ;1:,>,,) j October 17, 1996 TO: Tambri Heyden Planning & Zoning Director FROM: Al Newbold Deputy Director of Development RE: TRC COMMENTS SUBDIVISION MASTER PLAN - BOYNTON FESTIVE CENTER In review of this submittal it appears that in the process of redefining this property as proposed, some of the existing ground signage as built may be nonconforming to our Sign Code pertaining to allowed number of signs and/or issues of off premise signage. ,~ AIN od AO:bg XC: William V. Hukill, P.E. Anthony Occhiuzzo C:\ WPWIN60\ WPDOCS\TRC\FESTIVE.WPD FIRE PREVENTION MEMORANDUM NO. 96-305 TO: Tambri Heyden, Director Planning & Zoning Department William D. Cavanaugh, FPO I ,1// If' 111;4. ~ A FIfe Department I'?U<{J U (;~ '--- October 11, 1996 FROM: DATE: RE: Boynton Festive Center Subdivision of site We have not objections to this request. cc: Deputy Chief Ness FPO II Campbell File i~ I fD) rn @ rn 0 \VJ rn rnl lJl) OCT 2 5 S95 I.E) PLANNING AND ZONING DEn 75 - 3076 HQV-01-1995 12:s1pm 95-353103 ORB 8983 P9 1283 .. . .....11111.11. .. III CROSS EASEMENT AGREEMENT TMIS CROSS EASEMENT AGREEMENT ("Agreement") is made and entered into as of the ~ 30 day of OcltPl:"- , 1995, by and between GREAT WESTERN BANK, a Federal Savings Bank, having an address at 9200 Oakdale Avenue, 4th Floor, Chatsw,:,rth, Califc"nia 91311, hereinafter referred to as "First Party", and FLORIDA RETAIL PROPEtiTIES, INC., a Florida corporation, whose address is Post Office Box 772530, Coral Springs, Florida 33077-2530, hereinafter referred to as "Second Party" . R E C I TAL S: A. First Party is the owner in fee simple of that certain parcel of real property located in Palm Beach County, Florida, hereinafter referred to as "First Parcel", which real property is legally described as: A portion of Tracts 31, 32 and 33 of the subdivision of Section 19, Township 45 South, Range 43 East, Palm Beach County, Florida, according to the Plat thereof recorded in Plat Book 7, Page 19 of the Public Records of Palm Beach County, Florida, being more particularly described as follows: Commence at the Southeast corner of said Section 19; thence North 00059'39" West, along the East line of said Section 19, 1262.20 feet to a line 40.00 feet North of and parallel with the centerline of Old Boynton Road: thence North 89046'34" West, along said parallel line 60.01 feet; thence North 00059'39" West, along a line 60.00 feet West of and parallel with the East line of said Section 19, 398.10 feet to the Point of Beginning; thence continue along said parallel line North 00059'39" West, 236.53 feet; thence South 88005'26" West, 415.05 feet; thence South 00059'39" East, 188.00 feet; thence South 66050'59" _' :r,-:.-;-'-:=-::----- East, 114.56 feet; thence North 88005'26" East, 310.502~,)-;.~:...-,.',(.t;.~'\. feet to the Point of Beginning. !-:Y~',,;.:!.':.(...:.: ~t':--><~~\ ~~=.~; I f"i .~ :,,_;Lf)'l ~ :' FloridaRetailProperties,~e. \ ~ :::j. ~..; _. " V ;' '1 . DOUGLAS A. MCMILLEN ,;:/ .1';' ','. -/-....~ President / I ' I f$/ : 10 P.O. BolC 772530' Coral Springs' Florida 33077-2530 3051345-7000 . FAX 305/345.7003 ORB Sc,.d3 pg 1284 B. Second Party is the owner in fee simple of that certain parcel of real property located in Palm Beach County, Florida, hereinafter referred to as "Second Parcel", which real property is legally described as: A portion of Tracts 31, 32 and 33 of the subdivision of Section 19, Township 45 South, Range 43 East, Palm Beach County, Florida, according to the Plat thereof recorded in Plat Book 7, Page 19 of the Public Records of Palm Beach County, Florida, being more particularly Jescribed as follows: Commence at the Southeast corner of said Section 19; thence North 00059'39" West, along the East line of said Section 19, 1262.20 feet to a line 40.00 feet North of and parallel with the centerline of Old Boynton Road; thence North 89046'34" West, along said parallel line 60.01 feet to the Point of Beginning; thence continue North 89046' 34" West along said parallel line, 822.51 feet; thence North 44046'34" West, 14.45 feet; thence North 00059'39" West, 102.20 feet; thence North 16046'44.2" West, 199.61 feet; thence North 00059'39" West, 258.27 feet; thence North 43032'54" East, 57.02 feet; thence North 88005'26" East, 431.68 feet; thence South 00059'39" East, 188.00 feet; thence South 66050'59" East, 114.56 feet; thence North 88005'26" East, 310.50 feet to a line 60.00 feet West of and parallel with the East line of said Section 19; thence South 00059'39" East, along said parallel line 398.10 feet to the Point of Beginning. C. The First Parcel and Second Parcel are contiguous and are reflected on Exhibit A hereto; and D. Certain improvements including an office building and related parking and other faciiities are presently located on First Parcel; and E. Second Party or its successors will erect upon Second Parcel certain improvements and related parking and other facilities; and F. The parties hereto desire to create certain easements as herein provided. . NOW, THEREFORE, in consideration ofthe mutual agreements hereir'!:co-~tai~_~Ct;~ the First Party and Second Party hereby covenant and agree as follows: . /;:'\. . ..,./ ... . .....;" \ -. - ' . ... :: i, . .. .~ - . ',,~. ' ..t ,>...... !...:? i- (.../ \, .:,' .:--W~ " ;" '. <l'~''';:j. '~i9. ~. -~:-i \ \ .~~.._~::=-;;~ 2. ORB 89....3 P9 1285 I. PROHIBITION OF IMPROVEMENTS ON ACCESS AREA. First Party shall not build or maintain, or permit to be built or maintained, any structure on the land delineated on Exhibit A hereto as the "No Build Area" of First Parcel. Second Party shall not build or maintain, or permit to be built or maintained, any structure on the land delineated on Exhibit A hereto as the "No Build Area" of Second Parcel. These restrictions shall not apply to underground utilities, signs relating to business conducted on First Parcel or on Second Parcel or traffic or directional signs. The owner of First Parcel shall have the right at any time and from time to time to relocate the No-Build Area of the First Parcel provided that there shall always be a reasonable access for pedestrian and vehicular traffic from the Second Parcel through the First Parcel to Congress Avenue nrl the East and to the Boynton Beach Mall Access Road on the North. The owner of the Second Parcel shall have the right at any time and from time to time to relocate the No-Build Area on the Second Parcel provided that there shall always be a reasonable access for pedestrian and vehicular traffic from the First Parcel through the Second Parcel to the Mall Access Road to the West and to Old Boynton Road to the South. An owner desiring to relocate a No-Build Area must notify the other owner of its plans for relocation in writing no later than thirty days prior to any such relocation. Such notice shall be accompanied by a drawing of the proposed relocated No-Build Area. Upon any such relocation, the owner making the relocation shall file an amendment to this Agreement in the public records of Palm Beach County, Florida, :Jhich correctly reflects the No-Build Area as relocated. II. PARKING AND ACCESS EASEMENT TO FIRST PARTY. The owners and tenants of the First Parcel and their business invitees, licensees and employees, shall have the right to use, free of charge, but in common with the owners and tenants of the Second Parcel and thE::lir business invitees, licensees, and employees, the following: (a) the No Build Area of the Second Parcel for the purpose of ingress and egress between First Parcel and Second Parcel and access for pedestrian and vehicular traffic from the First Parcel through the Second Parcel to the Mall Access Road to the West and to Old Boynton Road .,':~.2--.~'~~~>-.. to the South; and . '::" '/~~. .. . ~:-- ":.:,~ 3. / ORB 89u3 Ps 1286 (b) such portion of the Second Parcel as may from time to time be designated for customer parking by the owner or lessee(s) of the Second Parcel. The owner or lessee(s) of the Second Parcel may at any time and from time to time change the parking spaces and portions of the Second Parcel designated for customer parking so long as the total number of parking spaces located on the Second Parcel at all times meets the parking requirements for the improvements located on the Second Parcel as determined l.y the building and zoning (or similar) code of the applicable governmental body having jurisdiction over the Second Parcel. The owner of the Second Parcel shali have the right to terminate the cross- parking rights granted herein pursuant to Sections Il(b) and III(b) hereof if the owner of the Second Parcel determines in its sole discretion that parking and/or traffic problems exist which interfere with the use and enjoyment of the Second Parcel by the owner and tenants of the Second Parcel and their business invitees, licensees and employees as a result of the cross-parking rights provided herein. If the owner of the Second Parcel makes such a determination, and the owner of the First Parcel fails to resolve the problem within a reasonable period after written notice, the owner of the Second Parcel may file a Declaration of Termination of Cross Parking Rights in the Public Records of Palm Beach County, which specifies that the owner of the Second Parcel has elected to terminate the cross-parking provisions contained in Sections Il(b) and IIl(b) hereof. Upon recording such Declaration of Termination of Cross Parking Rights the provisions of Sections Il(b) and IIl(b) hereof shall be void and of no further force and effect. The ingress and egress provisions of Sections Il(a) and IIl(a) hereof shall, however, remain in full force and effect. For purposes of this paragraph a reasonable period shall be deemed to be thirty (30) days unless a resolution of the problem reasonably requires a period in excess of thirty (30) days and the owner is pursuing the resolution of the problem with due diligence. III. PARKING AND ACCESS EASEMENT TO SECOND PARTY. The owners and tenants of the Second Parcel and their business invitees, licensees and employees, shall have the right to use, free of charge, but in common with the owners and tenants of the First Parcel and their business invitees, licensees and employees, the following: (a) the No Build Area of the First Parcel for the purpose of ingress and egress between the First Parcel and the Second Parcel and access for pedestrian and vehicular" traffic from the Second Parcel through the First Parcel to 4. ~/~ . , ....'. ,~ . " ORB 89~J P9 1287 Congress Avenue on the East and to Boynton Beach Mall Access Road on the North; and (b) such portion of the First Parcel as may from time to time be designated for customer parking by the owner of the First Parcel. The owner of the First Parcel may at any time and from time to time change the parking spaces and portions of the First Parcel designated for customer parking so long as the total number of parking spaces located on tl,e First Parcel at all times meets the parking requirements for the improvements located on the First Parcel as determined by the building and zoning (or similar) code of the applicable governmental body having jurisdiction over the First Parcel. In the event First Party determines in its discretion that the use of the parking spaces located on the First Parcel by owners and tenants of the Second Parcel and their business invitees, licensees and employees is causing parking or traffic problems which interfere with the use and enjoyment of the First Parcel by the owner and tenants of the First Parcel and their business invitees, licensees and employees, the owner of the First Parcel shall give written notice (the "Notice") thereof to the owner of the Second Parcel, which Notice shall designate fifty-seven (57) parking spaces located on the First Parcel which are to be striped and appropriately designated as reserved specifically for use by the owner and tenants of the First Parcel and their business invitees, licensees, and employees. Within thirty (30) days after receipt of the Notice, the owner of the Second Parcel shall at its sole cost and expense cause the fifty-seven (57) designated parking spaces to be striped and appropriately :3signated as reserved spaces, which shall be accomplished in a manner designated ; '/ the owner of the First Parcel. The owner of the First Parcel shall have the right to terminate the cross-parking rights granted herein pursuant to Sections Il(b) and III(b) hereof upon the occurrence of either of the following: (a) if the owner of the Second Parcel shall fail to comply with its obligations contained herein to stripe and appropriately designate the fifty-seven (57) parking spaces designated in the Notice as and when required by the terms set forth above; or .... :-----.. ! '.", .....''-.. '. .~ .' .J\ " \ ~ - (b) if the owner of the Second Parcel complies with ..(s'.- obligations contained herein with respect to the fifty-seve.n (57) parking spaces designated in the Notice, but the owner of the First Parcel determines in its sole discretion at any --:.. ~"-' . .. --- 5. <, ,>.~'" ._~' ,:;'-''':~- (:::/ / ..'---- ~ '(~ ORB 89,-..3 pg 1288 time thereafter that parking andlor traffic problems exist which interfere with the use and enjoyment of the First Parcel by the Owner and tenants of the First Parcel and their business invitees, licensees and employees even though the fifty-seven (57) parking spaces have been striped and designated as reserved spaces. If either of the two circumstances set forth in (a) and (b) above occurs, the owner of the t irst Parcel may file a Declaration of Termination of Cross Parking Rights in the Public Records of Palm Beach County, which specifies that the owner of the First Parcel has elected to terminate the cross-parking provisions contained in Section Il(b) and III(b) hereof. Upon recording of such Declaration of Termination of Cross Parking Rights the provisions of Sections lI(b) and III(b) hereof shall be void and of no further force and effect. The ingress and egress provisions of Sections Il(a) and IIl(a) hereof shall, however, remain in full force and effect. For purposes of this paragraph a reasonable period shall be deemed to be thirty (30) days unless a resolution of the problem reasonably requires a period in excess of thirty (30) days and the owner is pursuing the resolution of the problem with due diligence. In the event First Party gives Notice of the Termination of the Cross Parking Rights granted to the owner of the Second Parcel prior to July 1, 2005, then the owner of the First Parcel shall reimburse the Second Party for the cost incurred by Second Party in constructing the original modifications to the Western Parking Area of First Parcel as provided in Paragraph VI below in the amount of Thirty Thousand and 00/100 ($30,000.00) Dollars. This amount shall be reduced by ten percent (10%) on July 1, 1996 and on each anniversary thereafter (Le., the cost shall be amortized on a straight line basis over ten years and only the unamortized portion is subject to reimbursement). Such payment shall be due and payable within thirty days from receipt of a statement from the owner of Second Parcel. IV. MAINTENANCE OF EASEMENT AREAS AND WESTERN PARKING AREA. Unless otherwise provided in this Agreement, the owners of the First Parcel and Second Parcel shall maintain and keep in good repair the customer parking areas and rights-of-way situated on their respective premises and shall keep such areas and rights-of-way striped and clear and free of rubbish and obstructions of every nature, and shall provide adequate drainage and lighting thereon. The No Build Area on both premises shall meet at equal grades and no obstructions shall be erected or permitted upon the No Build Area of either premises which will in any way interfere with ingress or egress between First Parcel and Second Parcel in the No Build Area or any other rights granted by this Agreement. Second Party shall at all times cooperate with First Party to eliminate or minimize any interference with the business operations conducted on the First Parcel created as a result of this Cross Easement Agreement (including 6. , "" , I , '. i ,< ,/ .. \ . / '. )/ ,/ ORB 89 .3 P9 1289 without limitation interference with parking or traffic caused by any new construction hereafter contemplated for Second Parcel). The portion of First Parcel designated as the Western Parking Area on the site plan attached hereto as Exhibit A shall be maintained by the owner of such parcel; provided, however, that so long as the owner(s) and tenants of the Second Parcel are entitled to the use of the Western Parking Area, fifty percent (50%) of the cost of filling and resurfacing potholes and the cost of re-striping this parking area will be reimbl'rsed to su~h First Parcel owner by the Second Parcel owner(s) within twenty (20) days a.:ter receipt of an invoice therefor accompanied by appropriate documentation indicating the cost of the work performed. V. DRAINAGE AND FLOWAGE EASEMENTS TO SECOND PARTY. The owners and tenants of the Second Parcel shall have the right to use free of charge and in common with the owners and tenants of the First Parcel the following: A. Easements for storm water drainage and flowage over and across the Western Parking Area of First Parcel, which easements are shown and legally described on Exhibit B attached hereto. Such easements shall be used for the purpose of storm water flowage and installation, operation, maintenance and use of storm drains and in connection with the repair or replacement of such storm water drainage system. Second Party shall repair or replace concrete and asphalt paving and other surface materials used on drives, parking areas and walkways using to the extent reasonably possible the same type of material originally installed so that drives, parking areas and walkways are at all times kept at a level, smooth and substantially miform condition. Plans for such drainage system shall be submitted to the owner J f First Parcel and shall be approved so long as owner of First Parcel reasonably determines that such drainage system will not create any material problems on First Parcel. No portion of First Parcel shall be used as a retention/detention area. The owner of Second Parcel shall be solely responsible for all costs of operating and maintaining the drainage system, shall perform any necessary maintenance at times and in a manner so as not to interfere with the owner of First Parcel's use of its property and shall repair all damage occasioned by the use or maintenance of the drainage system in a manner so as not to unreasonably interfere with the owner of First Parcel's use of its property or the existing parking areas and access roads. B. Second Party shall install landscaping in, as well as irrigation in and to, the landscape islands in the parking areas of First Parcel as shown on the plan attached hereto as Exhibit A, so as to be reasonably acceptable to First Party. Second Party shall irrigate and maintain (including replacement) such landscaping. First Party shall, within ten (10) days of receipt of an invoice from Second Party, pay its share 7. ORB 89'-..3 P9 1290 of the irrigation and landscape maintenance costs (which shall not include the cost of the initial irrigation system or landscaping). VI. RECONFIGURATION OF SECOND PARTY'S PARKING lOT. Second Party and its successors and assigns may at its sole expense reconfigure a portion of First Parcel's parking lot (Western Parking Area) to be substantially as reflected on the plan attached hereto as Exhibit A. VII. FlETAll USE LIMITATION. The First Party agrees that the 20,000 square foot retail use limitation as described in Exhibit C attached hereto shall be allocated in full to the Second Parcel; provided, however, such allocation shall be effective only to the extent that it does not cause the First Parcel or any improvements thereon or their existing use to be in violation of any applicable governmental requirements. First ~arty further agrees that Second Party and Second Party's successors and assigns may seek and obtain a change in such 20,000 square foot retail use limitation restriction to 120,000 square feet and First Party will execute such document as is reasonably required to reflect First Party's consent of record. In the event Second Party or its successors or assigns is successful in obtaining an additional 100,000 square feet for retail use', then First Party shall be entitled to 7,500 square feet. It is the understanding and belief of the parties hereto that the operation of a state or national bank or a federal savings institution does not constitute a retail use. VIII. TERM. This Agreement shall commence on the date hereof and shall terminate seventy- five (75) years after the date hereof; provided, however, that in the event that the owner of the Second Parcel does not complete construction of building(s) located on the Second Parcel containing at least 20,000 square feet of commercial space within thirty-six (36) months of August 19, 1994, the owner of the First Parcel shall have the absolute right at any time thereafter to terminate this Agreement by executing a Declaration of Termination of Cross Easement Agreement and recording it in the Public Records of Palm Beach County. Upon such recordation, this Agreement shall be void and of no further force and effect. IX. INSURANCE. The owner of the First Parcel and the owner of the Second Parcel shall each maintain liability insurance in amounts reasonable for the operations on their resQ~ct~~e parcels covering liability arising from the ownership or operation of their respective parcels at all times (but self-insurance shall be permitted for any owner )18ving a tangible net worth in excess of $25,000,000.). The parties hereto agree that '''-. 8. ORB 89( ") P9 1291 $3,000,000.00 is a reasonable amount of liability insurance to be maintained by the owner of each of First Parcel and Second Parcel. X. ATTORNEY'S FEES. In connection with any litigation, including appellate proceedings, arising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees ar. j cost!=: fre'11 the non..,prevailing party. XI. COVENANTS RUNNING WITH THE lAND. The easements hereby granted, the restrictions and obligations of the parties hereby imposed, and the agreements herein contained shall be easements, restrictions and covenants running with the title to the First Parcel and the Second Parcel. XII. MISCEllANEOUS. A. This Agreement, together with the Exhibits attached hereto, contain the entire agreement and understanding between the parties. There are no oral understandings, terms or conditions and neither party has relied upon any representation, express or implied, not contained in this Agreement or in the Exhibits attached thereto. All prior understandings, terms or conditions are deemed to be merged in this Agreement. B. This Agreement may not be amended or modified, except by agreement in writing, signed by the parties hereto or their respective successors in interest. Any amendment or modification executed by the owners of First Parcel and Second Parcel shall be effective without the necessity of joinder or consent of any other parties. C. If any term or provIsion of this Agreement or the application thereof to any purpose or circumstance shall to any extent be invalid or unenforceable, the remainder of this Agreement, or if the application of such term or provision to persons or circumstances other than those as to which it is heid invalid or unenforceable, shall not be affected thereby and shall remain valid and enforceable. Each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. D. This Agreement and all of the covenants, terms, cvnditions, provisions and undertakings contained herein, shall extend to, be binding upon and inure to the benefit of the successors and assigns of the respective parties hereto, including, without limitation, all subsequent owners of either parcel, to the same 9. ORB 89 3 P<<3 1292 extent as if each successor and assigns were, in each case, named and expressed as a party to this original Agreement. E. This Agreement shall be construed in accordance with the internal laws of the State of Florida. F. As a material inducementto First Party's execution hereof, Second Party warrants and represents that Second Party is the owner of fee simple title to SeconJ Parcql a:ld that Second Parcel is free and clear of all mortgages, liens, encumbrances and leases other than that certain existing ground lease between Second Party as lessor and Longhorn Steaks, Inc., as lessee dated December 9, 1994. IN WITNESS WHEREOF, the parties hereto have executed this Cross Easement Agreement the day and year first above written. Witnesses: GREAT WESTERN BANK By: FLOR~,DA RETAIL iROPERTIES, INC. By: . ~ ~~ N Title: LONGHORN STEAKS, INC., as Lessee of a portion of Second Parcel, hereby consents arid agrees to the foregoing Cross Easement Agreement and agrees to be bound by and comply with all terms and provisions ~:~ Print N e: HoH~ .4.. lkru:l Yi )( 014(/11. ~./ Print Name: Molol R . t:e- . '.... , , -. 10. ~!:'.;' _: ,. . . ~ .. -.- ;> :.. ;::J I, ...~..." -', . . \\. y:. '. .",--. ~.,- ~ \..........." ""~" '. -, ,'. 1", _.' "~ ", ~/i',~~"'. \, ~~-~-~ _:..~..." ~/. ORB 89b3 pg 1293 HOPS OF BOYNTON BEACH, LTD., as Lessee of a portion of Second Parcel, hereby consents and agrees to the foregoing Cross Easement Agreement and agrees to be bound by and comply with all terms and provisions hereof: HOPS OF BOYNTON BEACH, LTD., a Florida Limited Partnership By: HOPS OF SOUTHEAST FLORIDA, INC., a Florida corporation, its General Partner Print Name: .ve\: ~~scr~ Print /!;!{f2~Ujyry' By: ~d..~ Title: c..~.o. .~.:~ec;.loeNT \o.A~A~ .. I Dated: STATE OF CALIFORNIA COUNTY OF The foregoing instrument was acknowledged before me this __ day of , 1995, by ,the ,of GREAT WESTERN BANK, a Federal Savings Bank, who is personally known to me or who has produced as identification. Notary Public My Commission Expires: STATE OF FLORIDA COUNTY OF BROWARD : The foregoing instrument was acknowledged before me this /f) day of (r,jO/J.a1 , 1995, by DOUGLAS A. McMILLEN, as President of FLORIDA RETAIL PROPERTIES, INC., a Florida corporati.on, v:'~o i~ person~lIy ~no~n to me or ~~r~: produced as Identification. . .' \ \>__..._ _ 1'., '\ '_I' .' f3J/JJtfJ!.tL vi tiMif Notary Public Commission Expires: /":....> / '...... I~~ ~~,:, ." 11. 'f BARBARA L seATS _~~A}Pll~ COMMISSION # CC -t83071 , .. EXPIRES SEP 22. 1~ ~ IONDID 11fIIU - "" Off\: A1t.ANT1C BONDING CO.. INO. ORB 8983 P9 1294 The Oc.+:h?7 INC., a STATE OF GEORGIA COUNTY OF 4 foregoing instrument was aCknOWledg~ ~fore me this ~ day of , 1995, by k;rr- rn, IlL'-f)')I-n~I\, as v', . Jv. of LONGHORN STEAKS, corporation, who is person~lIy knoVl!n to me or who has produced as identification. LJ /l'l. /3a-f "0-,;.~,~;i!l(; . Notary Public ;,,/~,'?) I &! /~~~:";~- . ;'; -:;h'!:J '.:,. . ;....; I'!! - Commission Expires.....:~r:;n:~''''::',::itt~.,..~, , . , . -.. <': (~ ;{'( -'> ~;:~' ~:~:;f:~~t" t NotwtJPUbIIc.,Fulwn.Coumy,~~,..:,-,; . ! ". 0 r~ .... STATE OF FLORIDA _c,,;-.......,___eeo-u-.1.:,::..'."/:;:!!i~,~):~f: COUNTY OF -.. .""::'i;i~'.,:,t;~mEnf:~:;.. \ \ The foregoing instrument was acknowledged before me this \b~ da~;"~r ~\o\Qe.n , 1995, by j)~.)to L. ~'i:OU , as Q....~.c. ~"~'t..e':t')Q....,)-rof HOPS OF SOUTHEAST FLORIDA, INC., a Florida corporation, General Partner of HOPS OF BOYNTON BEACH, LTD., a Florida Limited Partnership, who is personally know!} to me or who has produced as i 'fication. I~~~\ WAYNE T. PARKINSON i.i~:.~ MY CCIIoIMISSION , cc 373lI2S ~OJ.' ; ~ fXJ'/HES: ..., 18. ,_ ~iIi:, ...-11Ini1GWy NlID........ 12. ORB 89("-) P9 1295 STATE OF California COUNTY OF Los Angeles ) )SS. ) OnOctober 31, 1995before me, Luda Kap, Notary Public personally appeared , personally Sharon H. Driben known to me (er pro\led to me 011 lilt:: basis of si:ili::>ractory evidence) to be the person(s) t whose name(s) is/a.:e subscribed to the within instrument and acknowledged to me that helshe/tney executed the same in .-R+s/her/tAetr authorized capacity(ies), and that by w a:: w :I: W ..J Q. ~ (Il t.te/her/theif signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. ~ WITNESS my hand and official seal. Signature ~(K~ re: Cross Easement Agreement (This area for official notarial seal) ~. ,-;;)'-:-'-;-"', :..\ \ \ \ ; , i ' .;;. ,\.. \~---""'::,;~'/ -', f ...'..// . - ......-..,.::,.."....".\ I OJ .~ ...... .::.. I r 0..' ......... \ I ~. ' . -,.\ #, ;-:- '_4 " ,..' . '.--. , i..........' ...... ~ '. " I . ,~ .~;/ I I I I I I I I I I I I I r r I I r I I ------_-.! ;: ifl~! f .a J: : PilE .If;! 5~ '~ , c ,g;~e _ ~ ;::It ., ~ ~ s . J" m a ~ i! z.. ;) "\ ,. ..0( ~ ~ CIl ! ~ " ~ ~ ; ~ !II Z P laJtlCIl ~~~o ~~~~ :-2~-4 J~>O C1~Z m _ ii;2"T1 .::::Jm 8-l -rTj;: r-=m g~ ~~(1 ~m ~ ; :f gj , ORB 89 - '3 pg 1 :7- 96 I I ~ I 9CnlTCN ee,J.Cl-l I j/ MALL. ..l.CC::~~ L 1 RC....O ~.:) BOYNTON BEACH MALL (J) :::j nt ] e ... - \ 11 .n .'( ~ Gi il ~ Fi "' i .... PlI.CH SCN fOR !lU:C .". 1 T '- OlSTC AC'C:aS CPtlfC LDIST'C U(i;lAlI t UD..... <:IT J PlI.CN 'ilQI ..- ~- .-1 '{E~\l1E '- ~r ~ lJEOUtl CCNC,:-<=== ( r - - - - - -- -:-,- - -51" -:~- - - ~ - ~ - ~ - ~ - - -- - - n__ ~ > h;'" ~ ~~ ::J R ij;::' ~ ~ f'" ~~ h';' ::... ...... Ci Ci . t:. 1<" r= l> ~-I C!ll~ij :1) f"':, )J ill (fl ~ ~ g,";~ ~ j ~ ~ ~ I> R ~ d I> ~~ . ~ .t (fl 8 UI iil i I ~ ~ .:1' t . ~ (~ 5 .'" I ,-J ") ;., :' ~~; g ~~,' I' '.~ .. ,~ '2 :> :z. " e , ~ ~ tT\ tiJ "' :>- c: r 0 .J ~ .t ~ '" ~ f) 1) n 'a 'P- .1 \~ j~ 'p is '~ ~ " 1;1 '" ~. . . . . - - . ..- ....... \_...: EXHIBIT "A" o - ~lj- -. - ;: r;'l' ~'\-r.~J~I" I '-'ll~,;ihl of document raL:\'" I.....Ua;.r.;.) 11 ..11_. ....'.:1 '"1. unsatlsfiictory Wile" recap/ed. ORB 89b3 Ps 12C)7 PROPOSED FLOWAGE EASEMENT BOYNTON FESTIVE CENTER DESCRIPTION A portion of the Subdivision of Section 19, Township 4-5 South. Range 4-3 East. Palm Beach County, Florida. according to the plat thereof as recorded in Plat Bo("k 7, Poge 19 .of the Public Records of Palm Beach County, Florida. more , articulcrly described os follows: . COMMENCING at the Southeast corner of said Section 19: thence NOO'S9'39"W, along the East boundary of said Section 19. a distance of 1262.67 feet to a point on a line 40.00 feet north of and paraUel with the centerline of Old Boynton Road: thence N89'46'34~W. along said parallel line. SO.Ol feet to a point on a line SO.OO feet west of and parallel with said East boundary; thence NOO'S9'J9"W. olong said parallel line, 398.10 feet; thence S88'OS'ZS"W, 310.S0 feet: thence N6S'SO'S9"W, 7.12 feet to the POINT OF" BEGINNING; thence continue N66'SO'59~W, 107.44- feet; thence NOO'S9'39"W, 188.00 feet; thence N88'OS'26"E, 98.42 feet; thence SOO'S4-'12"E, 233.52 feet to the POINT OF BEGINNING. Said lands lying in Palm Beach County, Florida. NOTES; 1. Reproductions of this sketch are not valid unless sealed with an embossed surveyor's seal. 2. Lands shown hereon were not abstracted by the Surveyor for easements, ownership, or right-of-way of record. 3. The land description shown hereon was prepared by the Surveyor 4. Bearings shown hereon are assumed with the East line of Section 19 having <] bearing of NOO'S9' 39"W 5. Abbreviation Legend: It = centerline; P.O.C. = Point of Commencement; p.o.a. = Point of Beginning; BOY. = Boundary; P.8. = Plat Book CERTIF1CA TE: l HEREBY CERTIFY that the attached Sketch and Description of the hereon desc:"ibed property is true and correct to the best of my knowledge and belief os delineated under my direction on June 21, 1995. I FURTMER CERTlFY that this Sketch and Description meets the Minimum Technical Standards set forth by' the Florida Board of Professional Surveyor:l and Mappers in Chap tel" 61 G17 -6, Florida Administrative Code, pursuant to S~cticn 4-72.027. Florida Statut2s. I ( L [/PLL! I t .k C~tL e~ ~ K.'; THLE::N L. HALL. P.L.S. FLORIDA RECISTRA nON NO. 410.3 .--'-'-' 4~~.'-~ f' I Y i. /~:?':., '. ....:; r..\ ..... '. . --..; ~ . ,.' - ~' ? - ! ,; ~ - .~: "., '1 ~.. " ':' "" \-~. ,,\; -': .J J ,_. . -' \. \;, . \'1''"/,,:, " " /:" "RE.V.>6/25/95 DA'TE;_ 6/21/95 SHE::T-r-OF 2 JOB. NO. 2035 K;\lHl.,t:t:N l." HALL. L.AND 5U~Y1Nt1. INC. L.AN!? 5l...~B,(lNu/ C,ACO 5CRV!CC5 2.32::7 s.~. 7. SUITE 207 SOC..:.. R..:.. TON, Ft..:RIOA 334-28 ( 4-07)487-24407 E<r"'ill:.l:~: ''F)' - S. 1 CF 4 ORB 8983 Ps 1298 N88'OS'ZS'"E 98.4-Z' PROPOSED FLOWAGE EASEMENT BOYNTON FESTIVE CENTER ~I.......................................... z ......,.. }oJ N- _N - 10 ~ . 101"1 . 1"1 gN Ul . . . . . . . . . . . . . . . . . . ~ . . . . . '. NSS'SO'S9'"W 7.12' SBS'OS'ZS'"W 310.50' N56'S,' ........... TO? 0$9" .4..,.. W P.O.B. '0 - ~ <n ,., . SUBDIVISION OF SECTION 19, TO'NNSHIP 45 SOUlH. RANGE 43 EAST (P.B. 7, PG. 19) 3: . <n ,., a, &0 o o z OLD BOYNTON ROAD ~t -+ P.O.C. S.E. CORNER.' SEC.19-4-5-43<. . j KPJriL.eeN L., HAL-L. L.AND 5UR\leYlNu. INC. LI-Nt? 5L~;eY1NCi/ C,AC!:7 SCRVICCS,-- 23257 S.R. 7, SUITE 207 eeeA RATON, FLORIDA 33423 (407)+87-24-+7 Ea-r:.~-~ ""; 'I 4 SO' 1 w ~ ::> z ~ <( ~ en en cJ W llt a::: ,.: '" 0 tQ Z u.i 0 U NB9'40'34-W 50.01' 3: b, ~ ,., ~ a. N 10 <0 Q' -N '-. 0"0 - ..,/ Z ,,' '':...., '.~:~:) > . '.1 ORB 8911 P9 1299 PROPOSED DRAINAGE EASEMENT BOYNTON FESTIVE CENTER DESCRIPTION A portion of the Subdivision of Section 19, Township 45 South, Range 43 East, Palm Beach County, Florida, according to the plot thereof os recorded in Plat BC"'lk 7, Page 19 of the Public Records of Palm Beach County, Florida, more ,)articularly described as follows: A strip of land 15.00 feet wide lying 7.50 teet on each side of' the following described centerline: COMMENCING at the Southeast corner ot said Section 19; thence NOO.59'39"W, along the East boundary of said Section 19, a distance of 1262067 feet to a point on a line 40.00 teet north of and parallel with the centerline of Old Boyn ton Rood; thence N8g.46'34"W, along said parallel line. 60001 teet to a point on a line 60.00 feet west of and parallel with said East boundary; thence NOo059'39-W, along said parallel line, 398.10 feet; thence S8s00S'26-W. 310.50 feet; thence N6s050'59"W, 34.39 feet to the POINT OF BEGINNING; thence continue N02012'08"W, 195.68 feet to the POINT OF TERMINA nON ot said cen terline. Said lands lying in Palm Beach County, Florida. NOTES: 1. Reproductions of this sketch ore not valid unless sealed with on embossed surveyor's seal. 2. Lands shown hereon were not abstracted by the Surveyor for easements, ownership. or right-ot-way of record. 3. The land description shown hereon was prepared by the Surveyor 4. Bearings shown hereon are assumed with the East line of Section 19 having a bearing of NOooS9'39"W 5. Abbreviation Legend: ~ :: centerline; P.O.C. = Point of Commencement; PeO.B. = Point of Beginning; BOY. = Boundary; P.B. = Plot Book; P.O. T, = Point of Termination CERTIFICA TE: I HEREBY CERTIFY ttiat the attached Sketch and Description of the hereon described property is true and correct to the best of my knowledge and belief as delineated under my direction on June 26, 1995. I FURTHER CERTIFY that this Sketch and Description meets the Minimum Technical Standards set forth by the Florida Boord of Professional Surveyors and Mappers in Chapter 61G17-6, Florida Administrative Code, pursuant to Section 472.027. Florida Statutes. i) ", tit,. II i nl 1 _u_a1J\ ,xl,- ~~~I KA l'HLEEN L. HALL, P.L.S. FLORIDA REGISTRATION NO. 4103 ---- ",', --" ...-- 'I I ,. . ~c:> \ ~,,_,,_;_I i , "\'. '\ .' -.' '- .--'" ~. . '. KAIHL..eeN 1..., HALL.. L..ANt? 5URVE:Y1Nu. INC. L..ANt/ 5lR\/E:Y1NCt/ C.A017 5€RVla5 23257 S.R. 7, SUITE 207 BOCA RATON. FLORIDA 33428 ( 407)487-2447 DATE: 6/26/95 SHEET 1 OF 2 JOB. NO. 2035 E<HIBIT liB" - Fe. 3 of 4 ORB 89- '3 P9 1300 PROPOSED DRAINAGE EASEMENT BOYNTON FESTIVE CENTER ~ 15' DRAINAGE EASEMENT NSS'SO'S9.W 34.39' S8S'OS'2S.W 310.50' SUBDIVISION OF SECTION 19, TOWNSHIP 45 SOUTH, RANGE 43 EAST (P.B. 7, PG. 19) OLD BOYNTON ROAD (:) ~ -+ P.O.C. S,E, CORNER SEC.19-45-43 KAIHI...eeN 1.... HALL. L.ANt? SUR\II;Y1NG. INC. L.,AND 5I.RVe'l'1NU/ CAOt? 5eR\lla5 23257 SR. 7, SUITE 207 BOCA RATON. FLORIDA 33428 ( 407)487-2447 EXHIBIT "B" - PG. 4 of 4 SO' b - cci en ..., w ::> z ~ <( '" Cf) ... Cf) u W w I/) a::: ~ " 0 Q) Z ... 0 0 :t . en ,...., en lO b o % NS9'4S'3+.W 60.01' :t ~ 1'-- ,...., co "en N lO co . N g - _%- "---;::.-' -- . " , SCALE: 1" '"' 10Q'~, DATE: 6/26/~'" SHEET 2.0F"."2. JO!3, tlo.,_ 29 ORB 89\. j pg 1301. DOROTHY H. WILKEN, CLERK PB COUNTY l FL EXHIBIT "C" For a period of twenty-five (25) consecutive calendar years from March 24, 1 981 , retail use of the building or buildings located on the Property shall not exceed a total of 20.000 square feet of floor area, exclusive of rbstaurc,ts, as recorded in o. R. Book 3494 at Page 675, Public Records of Palm Beach County, Florida. ,/ \ ~...