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8/15/2019 LTC 149-2003
1/8
CITY
OF
MIAMI
BEACH
Office
of
the
Cty
Manager
Letter
to Commission
No. /
4 Q -
ct:
o:
1
m
From:
Mayor Davd
e r m e r
and
e m b e r s of
the
Cty
C o m m i s s i o n
J o r g e
M.
o n z a l e Z l ~ ~
Cty
M a n a g e r . ( )
RDP
O Y A L
P
M
OTEL
LMTED
P A R T N E R S H I P -
TOLLING
G R E E M E N T
AND
JUNE
2003
R E N T A L
P A Y M E N T
a t e :
Juy
1
003
To:
u b j e c t :
A t t a c h e d
please
fnd
a
opy
othe
x e c u t e d
Tol l ing
A g r e e m e n t
b e twe e n
RDP
Roya
Palm
H o t e l
L i m i t e d P a r t n e r s h i p ,
the
City
of
Miami
Beach
and
the
i a m i
B e a c h
R e d e v e l o p m e n t
A g e n c y
anda
o pyo
he
base
n d
a d d i t i o n a l ren
p a y m e n t
for
the
o n t h
o
une
2 0 0 3
from
the
e s s e e .
The
ity
At torney,
A d m i n i s t r a t i o n
and
o m m i s s i o n e r
Jose S m i th ,
as
p p o i n t e d
l i a i s o n ,wll
e
meeting
with
Mr.
P e e b l e s
on
T h u r s d a y ,
Juy
3d
003
to
i s c u s s
the
r e m a i n i n g
o u t s t a n d i n g
i s s u e s
relative
to
the
p r i l
30,
2 0 0 3
Letter
of
In tent (
LO)
p r e s e n t e d
to
he
Cty
o m m i s s i o n .
Ifou
h a ve
an y
q u e s t i o n s ,
p l e a s e c o n t a c t
me.
JMG
AAb\
ra
F\
mgr\$Al\
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8/15/2019 LTC 149-2003
2/8
TOLLING
AGREEMENT
J..? --)
VJ\
I .
This
Tolling
Agreement (
Agreement )
is made this -
LL
a y
of
I ___,
2 0 0 3 ,
byand
e t w e e n
the
RDP
Royal
Palm
Hote
Limited
P a r t n e r s h i p
a n d
R
onahue
Peebles,
c o l l e c t i v e l y ,
the
oyal Pa l m )
and
theMam
Beache d e v e l o p m e n t
A g e n c y (
the
A g e n c y ' ) and
the
C i t y
oiami
B e a c h (
the
City ).
The
Royal
P a l m ,
the
g e n c y , and
the
City
s h a l l
be
ol lect ive ly
r e f e r r e d toas
the
Parties.
H E R E A S ,
the
Royal
Pamo n t e n d sit
has
r o u n d s
tos s e r t ,
ina
nited
States
Co ur t
a n d /
o
p p r o p r i a t e
state cout,certain f e d e r a l a n d /
o
tate
claims
a g a i n s t
the
Mam
Beach
A g e n c y
and
the
C i t yo
am
Beach
o n c e r n i n g
the
g r e e m e n t
o
Lease
a m o n g the
P a r t i e s ,
and
the
circumstances
s u r r o u n d i n g theRFP
i s s u e d
by
the
C i t y o
am
B e a c h for
the
e v e l o p m e n t of
aonvention
center hotel (
the
oyal
P a l m sl a i m s ) ;
and
H E R E A S
the
City and
the
Agency
c o n t e n d
they,
or
a c h
o
hem,
have
g r o u n d s
tossert
c l a i m s o
ounter-
claims
a g a i n s t
the
Royal
P a l m in
a
nited
States Co ur t
and/
o
p p r o p r i a t e
state
court
a r i s i n g
o ut
of
the
a m e
oeated t r a n s a c t i o n s
and
surrounding
c i r c u m s t a n c e s
ashose
c o n t e n d e d
by
the
Royal
P a l m (
the
g e n c y /
Cty
C l a i m s ) ;
and
H E R E A S
thearties
have
e n g a g e d
and w i s h
to
o n t i n u e
to
n g a g e
in
settlement
discussions
r e g a r d i n g
i)
the
Royal P a l m
s
l a im s
that
m a y
be
r o u g h t
by
the
Royal
Palm
a g a i n s t
the
g e n c y and
the
Cty,
a n d
ii)
the
g e n c y /
Ctyl a im s
that
m a y
ber o u g h t
by
the
g e n c y and/or
theCty
g a i n s t
the
Royal
P a l m;
andH E R E A S
the
arties
d e s i r e
to
s t a b l i s h
a
e r i o d (
the
olling
Period )
uring
w h i c h
theycan
o n s i d e r
and
x p l o r e
the
o s s i b i l i t y
o
e s o l v i n g
the
Royal
P a l m
s
l a im s and
the
g e n c y /
Cty
Claims
without
l i t i g a t i o n
andwthou
c o n c e r n as tothe
f f e c t of
the
a s s a g e
o
time
d u r i n g
the
olling
Period,
upon
claims,
charges,
e f e n s e soounter
claims which
either
party
may
have
v a i l a b l e
as
o
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3/8
NOW, THEREFORE,
in
consideration of
the
mutual
covenants
and
conditions set
forth
herein,
the Parties
agree
as
follows:
1heecitals a bo v e
ae
n c o r p o r a t e d
h e r e i n
by
r e f e r e n c e .
2
his
A g r e e m e n t
sha
be
f f e c t i v e upon
ts
execution
a n d
d e l i v e r yby
all Parties
the
E f f e c t i v e
Date ).
The
Tol l ing
Perodh a l l c o m m e n c e
as
f
June
ll,
2003 ( the oll ing
Dae )nd
shall
t e r m i n a t e
as
rovided in
p a r a g r a p h
4,
e l o w .
Thee r i o d
o
ime
b e t w e e n
the
Toling
Date
and
th e t e rm i n a t i o n d a t e
shall
be
re fer red
to
as
the
olling
Period.
3
h a t e v e r rights,
claims,
h a r g e s ,
d efen s eso
c o un te r
c h a r g e s
orclamsw h i c h ether
p a r t y
ha s
a v a i l a b l e
fo r a s s e r t i o n as
o
u n e
II,0 0 3 shall
be
ixed
as
f
that
date n d
the
unning
of
any
t a t u t e o
i m i t a t i o n , laches
o
e s t o p p e l
bye l a y
as
f f ects
e i t h e r
party
shall
be
o l l e d
during
theo l l i n g
Period.
4.
Any
Party
m a y te r m i n a te
this
A g r e e m e n t
anyime
by
g i v i n g
thirty
days
a d v a n c e
written
no t ice
to
he o t h e r
Parties.
This
A g r e e m e n t
shall
exp i r e
on
he
thirty-first (1st)
day
f t e r
delivery
ouch
notice
as
provded
in
a r a g r a p h 9
e l o w .
This
A g r e e m e n t
s h a l l t e r m i n a t e
a u t o m a t i c a l l y
a
u c h tme
as
allo
he
Cosing D o c u m e n t s
as
def ined
inheetter
o
Intent
to
m e n d R o y a l
Palm
C r o w n e
P l a z a
R e s o r t
A g r e e m e n t s
b e t w e e n RDP
he g e n c y
and
the
ty,
u r r e n t l y
beng
e g o t i a t e d ,
h a v e
been
duly
authorized,
x e c u t e d
and
delivered
to
al
a r t i e s .
5
his
A g r e e m e n t
d o e s
no
o n s t i t u t e
an
a d m i s s i o n
of
fact,
a w ,
a n d /
o
iability
on
he
part
ofany
f
the
Partes.
This
Ag re e m e n t
shal l not b e
construed as
and m i s s i o n
against
interest
or
asaaiver
o
ny
right
presently
a v a i l a b l e
to
theParties.
Ths
g r e e m e n t
doesno
o n s t i t u t e
any
admission
r e g a r d i n g
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4/8
b r i n g
suit,
or
the
validity
or
justifiability
of
any
of
the
R o y a l
Palm'
s
Claims
or
any
of
the
Agency/
Cty
Claims.
6
Ths
g r e e m e n t
m a y
be
x e c u t e d
in
c o u n t e r p a r t s .
7
his A g r e e m e n t
and
he
o b l i g a t i o n s
o
he
Part ies
h e r e t o m a y
no
beltered,
amended, m o d i f i e d ,
extended, or
r e n e w e d
in
ny
e s p e c t ,
e x c e p t
by
a
iting
d u l y
e x e c u t e d by
e a c h
o
he
P a r t i e s and
the
a r t i e s
a g r e e
tha
ths
g r e e m e n t
c o n s t i t u t e s
the
enire
g r e e m e n t b e t w e e n
the
a r t i e s
r e g a r d i n g
th e
t o l l i n g
o
a ny and
ll
statutes
o
i m i ta t i o n ,
contractual
bars, e q u i t a b l e bars
or
t h e r
time
a rs
p u r p o r t i n g
to
limt
the
tme
within
w h i c h
either
pay
may
co m m e n ce any
l a w s u i t
o
l a i m
a ga i ns t
the
other.
8h is
A g r e e m e n t
and
ll
terms
rovisions
and
c o v e n a n t s
c o n t a i n e d
h e r e i n
are
binding on
n d shall
inueo
the
benefit
o
he
Partes
hereto,
their
subsidiar ies,
affiliates
parent
companies,
u b s i d i a r i e s ,
p r e d e c e s s o r s ,
s u c c e s s o r s
andass igns .9
Any
ot ice u n d e r t h i s
A g r e e m e n t
s h a l l
ben
witing
a n d
shall
be
eliveredbyv e r n i g h t
c o u r i e r ,
certified maorany
t h e r
m e t ho d
t h a t
verifies
the
date
oe l i v e r y .10he
Royal
Palm
shall
serve
the
g e n c y
wth
w r i t t e n
n o t i c e
under
ths
A g r e e m e n tto
theol lowing
address:Mam
Beach
e d e v e l o p m e n t
A g e n c y
G e n e r a l
Counsel
1700
C o n v e n t i o n
Center
Drive,
4th
Floor
M i a m i
Beach,
l o r i d a
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8/15/2019 LTC 149-2003
5/8
Joel
N.
Mnsker,
E s q .
Bloom & Mnsker, P.
L.
1110
Brickell
A v e n u e ,
7th
Floor Mam,
F l o r i d a
3 3 1 3 1
Tel: (
305)
371-6800 Fax (05)
908-
3445
11
he
Royal
P a l m
sha
e r v e
the
Cty
wth
w r i t t e n
n o t i c e underths
A g r e e m e n t
to
the
o l l o w i n g
address:
C i t y
o
Mam
Beach
Cty
A t t o r n e y
1 7 0 0
C o n v e n t i o n C e n t e r
Drive,
th
Fl o o r
M i a m i Beach,
F l o r i d a
33139
Te0 5 ) 6 7 3 -
7470
Fax (
0 5 )
673-
7002
Wth
a
copy
to
Joe
N
i n s k e r ,
Esq.
B l oo m &
Mnsker,
P.
L
110
B r i c k e l l
Avenue,
7h
loor
M ia m i ,
Florida
3 3 1 3 1 Tel: (
305)
371
6800
F a x : (
305)0 8-
3445
1 2 . h
A g e n c y
and
the
Cty
sha
serve
the
RoyaPalm
wth
written
n o t i c e
under
this A g r e e m e n t
to
he
f o l l o w i n g
a d d r e s s :
Marty
L.
teinberg,Esq.
Suart
Ko f fm a n ,
Esq
H U N T O N &
I L L I A M S
M e l l o n
Financial
Cener,
u i t e
2500 1 1 1 1
B r i c k e l l
Avenue
-
8/15/2019 LTC 149-2003
6/8
RDP
Royal
Palm
Hotel Limted
P a r t n e r s h i p
Mam Beach
R e d e v e l o p m e n t Agency
By:
P
ADC
Hospitality Cor por a t ion
I,
as
GP
By:
Dated:
Dated:
Cty
ofMam
Beach
BY:-- ~~
l (
AftJF\
Dated:
t R
J ~
I
D 1
Dated:
2
3
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7/8
H U N T O N
WILLIAMS
June
27, 003
Va
Hand
D e l i v e r y
D o n a l d
Papy,
Esq.
M i a m i Beach
C i t y
A t t o r n e y '
s
f f i c e Ctyo
MamBeach1700
C o n v e n t i o n
Center
Drive4hl o o r
Mam Beach,
FL
3 3 1 3 9
H U N T O N
L L M SLLP
I
J
RICKELL
A VE NU E S UI TE
2500
M I A M I .
FLORIDA
3 3 1 3
I
02
TEL
05 .
810.
2500
AX
305.
10.
2 4 6 0
S T U A R T
K
O F F M A N
D I R E C T DAL:
305
10-
2594
D I R E C T FAX:
305-
810603
E M A I L :
h o f f m a n @ h u n t o n .
c o m FLEO: 1 760.
1
D P
R o y a l
Palm
o t e l
Li mi ted
P a r t n e r s h i p l e a s e
wth
the
iami
B e a c h R e d e v e l o p m e n t Agency
D e a r
D o n :
In
ccordance
with
ou
e l e p h o n e
c o n v e r s a t i o n s ,
I
m
delivering f o u r 4)
copes
of
the
olling
A g r e e m e n t
wch
ha ve
been
e x e c u t e d
by
R
o n a h u e
P e e b l e s on
behalf
o
o y a l
Palm (
as
d e f i n e d
inthe
g r e e m e n t ) .
In
ccordance
wth
our
d is c us s io n s ,
you
a ve agreed
that
upon
receipt
o
he copies
s i g n e d
by
M.
e e b l e s ,
you will ether
haveh r i s t i n a C u e r v o
e x e c u t e
th e
e n c l o s e d
A g r e e m e n t s
and
returntwo
fully
e x e c u t e d
c o p i e s
to
m e
or,
l t e r n a t i v e l y , retunw oo
he
e n c l o s e d
A g r e e m e n t s
signed
by
Mr.
e ' y b l e s andw o
counterpart
A g r e e m e n t s
s i g n e d
by
Msu e r v o . /
I
a v e
also
e n c l o s e d
a
h e c k
from
P
R o y a l
P a l m Hote,
P inthe
m o u n t of 41,
291.
2
r e p r e s e n t i n g rend u e
the
gency
fou n e , 2003
s
we
have
d i s c u s s e d
a n d
as
tated
byr.
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8/15/2019 LTC 149-2003
8/8
RDP
ROYAL PALM
HOTEL, L.
P.
95
E F E R E N C E
NO
ESCR IPTION
IN V OICE
DATENVOICE
AMOUNT
D I S C O U N T
TAKENM O
P A I D
RP-
0306June
2003
6
26
03
1
29152
41291
52
HECK
D A T E
C H E C K NO
AYEE
D I S C O U N T S
T A K E N C H E C K
M O U N T
6/ 26/03
2495
Mam
B e a c h
R e d e v e l o p m e n t Agency $
41
291. 5~
DP
ROYAL PALM
HOTEL,
L
P
100
S
E
2ND
ST.,
TE.
4650
I A M I .
FL
3131
U N I O N
P L A N T E R S
BANK
MAN
FFICE.
1 2 2 1
BRCKELL
AVE
MIAMI,
F L O R I D A
33131
63-
841/
670
2495
CHECK
NO
2 4 9 5
TE
u n 2 6 ,
2003
A M O U N T
41,
2 9 1 .
