Post on 05-Jul-2018
8/15/2019 Indemnification w D. Peebles
1/8
INDEMNIFICATIONAGREEMENT
THIS
INDEMNIFU;f\.
ION
AGREEMENT (the
Agreement )
is
made
and entered
into
on /
5
11 . /
J f -
l F M V
i 6 l J 5 ,
by
and
m o n g
RONAHUE P E E B L E S (
he
I n d e m n i t o r " ) ,
and
e a c h o f (
i
AM
BEACHE D E V E L O P M E N T
A G E N C Y ,
aublic body
o r p o r a t e
and
o l i t i c (
the
g e n c y ) ,
a n d (
ii)
IT Y
OF
AM
B E A C H ,
a
Florida
municipal
c o r p o r a t i o n
the
Cty) (
o l l e c t i v e l y ,
he
Indemnitees ).
R E C I T A L S :
A
n d e m n i t o r
is
a
a r t n e r
in
RDP
Royal
Palm
Hoe
Limited
P a r t n e r s h i p (
R D P " ) ,
the
e v e l o p e r
of
the
Royal
Palmr ow ne
Plaza H o t e l (
the
Hotel ),hich Hotel
was
c o n s t r u c t e d onand
t h a t
is
eing
l e a s e d
by
DP
from
the
gency
p u r s u a n t
to
an
g r e e m e n t
oease
dated
May
28
9 9 8
and
ecorded
inf f i c i a l
R e c o r d s
B o o k 1 8 1 7 0 ,
a
age
8 9 3 ,ohe
Public
Records of
Mami-
D a d e
C o u n t y , Flor ida (
the e a s e " ) ;
and
B
RDP
nd
the
I n d e m n i t e e s
h a v e
negotiated
a
s e t t l e m e n t
relating
to
ertain
c l a i m s
that
have
been
m a d e
bya c h
party
against t h e other
asenerally
r e f l e c t e d
in
h a t
certain
Let t e r
o
nen
to
mend
Roya
Palm
Crowne
P l a z a
Resort
Agreements
d a t e d
November
25,
2 0 0 3 (the
e t t e r
of In tent ) .
C
S u b s e q u e n t
to
the
Letter
of
I n t e n t
and
pior
o
the
closing on
the
o c u m e n t s c o n t e m p l a t e d
in
he
e t t e r o
Inen,
orth
Fork
B an k
filed
a o r e c l o s u r e
c o m p l a i n t
a g a i n s t
RDP
and
RDP
s u b s e q u e n t l y
a g r e e d
toa y
North
Fork
B a n k
in
u ll
for
its
loan,
s s i g n
its
p t i o n
toa y
the
u r c h a s e
Price
under
the
Lease
to
o y a l
Palm
H o t e l
Pro pe r ty ,
LL C
who
wll
then
pay
the
Agency the
P u r c h a s e
Price
under
the Lease,
e r m i n a t e
the
Leaseand
transfer
the
H o t e l
to
R o y a l
Palm
Hoe
P r o p e r t y , LLC.
D
s
a
material
i n d u c e m e n t
for
and
o n d i t i o n
o
ndemnitees
a g r e e i n g
to
h e
manner
and
p r o c e d u r e s
folowed
byD P
in
c o n n e c t i o n
wth
her a n s a c t i o n s
d e s c r i b e d
in
Recital
C
here inabove,
n d e m n i t o r
has
g r e e d
to
r o v i d e
ang r e e m e n t
by
nd emni to r
to
ndemnify,
hod
a r m l e s s
and
r o v i d e
defense
fo
n d e m n i t e e s
r e g r d i n g
o
e l a t i n g
to c e r t a i n
challenges
by
thrd
arties
as
to
h e
manner
and
p r o c e d u r e s
foowedby
RDP
ino n n e c t i o n
wthh e
transactions
as
enerally
d e s c r i b e d
ine c i t a l
C
e r e i n a b o v e .
NOW
HEREFORE,
in
c o n s i d e r a t i o n
o
hee c i t a l s ,
a g r e e m e n t s
c o v e n a n t s
and
p r e m i s e s
contained
heren,
nd
for
ther
good
and
a l u a b l e
c o n s i d e r a t i o n ,
the
r e c e i p t
and
d e -
q u a c y
o
which
a re
h e r e b y
a c k n o w l e d g e d ,
the
p a r t i e s
hereto,
n t e n d i n g
to
be
e g a l l y
bound, h e r e b y
a g r e e
as
o l l o w s :
1
e c i t a l s .
The
e c i t a l s set
forth
above
a r e
true
and
orrect
and
re
incorporated
herein
by
his
reference
thereto.
2
n d e m n i f i c a t i o n .
Then d e m n i t o r
hereby
grees
to
e f e n d ,
i n d e m n i f y
and
o ld
h a r m l e s s
the
n d e m n i t e e s f r o m ,
against,
and
wth
r e s p e c t
o
any
a m a g es ,
causes
o
c t i o n ,
c o s t s ,
losses,
debts,
l i a b i l i t i e s ,
j u d g m e n t s ,
c l a i m s ,
o b l i g a t i o n s ,
attorney'
s
e e s , (
i n c l u d i n g
those
fop p e l s
o
ost
j u d g m e n t
p r o c e e d i n g s
if
any),
a x e s ,
interest
on
taxes,
tax
p e n a l t i e s or
other
m a t t er s (
the
Indemnif ied
M a t t e r s " )
a r i s i n g
8/15/2019 Indemnification w D. Peebles
2/8
c h a l l e n g e s by (
i)
North
Fork
Bank, as
holder of
a
mortgage e n c u m b e r i n g
the
leasehold
interest in
the
Hotel
relating
to
the
Amendment of
even date
herewith to the
Declaration
of
Covenants
and
Restrictions
recorded
in
Official Records
Book
1 8 1 7 0 ,
at
P a g e
883,
o
theu b l i c
R e c o r d s
o
Miami-
Dade C o u n t y ,
Florida; (
ii)
orth
F o r k B a n kto
he
manner
and
p r o c e d u r e s
f o l l o w e d
by RDP
in
o n n e c t i o n
with th e
s a le
o
he
Hoe,he
t e r m i n a t i o n
ohe
L e a s e ,
andhe
waiver
o
certain
L e a s e
p r o v i s i o n s
by
he
Indemni tees
to
c c o m p l i s h
same; (
iii)
l o r i d a
D e p a r t m e n t of
e v e n u e
and
r
Comptroller
fo
d d i t i o n a l
d o c u m e n t a r y
s t a m p taxes
and
u r t a x
r e s u l t i n g
from
he
manner
and
p r o c e d u r e s
f o l l o w e d by (
a
h e
Agency
in
o n n e c t i o n with
th e
s a le of
the
a n d
w h i c h
is
h e
s u b j e c to
he
L e a s e ( "
Land )
to
oyal
Palm
Hotel
P r o p e r t y ,
LLC (
B u y e r ) ; andb)
RDPn
o n n e c t i o n
with
th e
s a le
o
he
Hotel
tou y e r
andhe t e r m i n a t i o n
ohe
L e a s e ;
and
ivorth
F o r k B a n k
tohe
s a le
o
th e
Land
by
A g e n cy
to
uyer
alleging
non-
c o m p l i a n c e
wthh e
terms
of S e c t i o n
36
3f
thee a s e .
3n d e m n i f i c a t i o n
in
o n n e c t i o n
with
Lega
F e e s .
S u b j e c t to
the
o n d i t i o n s
seorth
in
S e c t i o n s4
n d
5
e l o w
the
n d e m n i t o r
h e r e b y
agrees
to
indemni fy
a n d
hold
harmless
the
I n d e m n i t e e s with
r e s p e c t
to
any
reasonable
legal
fees
and
o s t s
of
counsel (
ncluding
t h o s e
for
a p p e a l s
or
o s t
judgment p r o c e e d i n g s ,
if
ny)
ha t
may
be
ncurred
after
the
ate
o
hi s
A g r e e m e n t
regarding
the
n d e m n if i e d M a t te r s .
4
e t e n t i o n
o
ounsel. I n d e m n i t o r
shal have
the
i g h t
to
e s i g n a t e
counselto
e f e n d
the
nterests
of
Indemnitees,
w h i c h c o u n s e l
sha
be
e a s o n a b l y
a c c e p t a b l e
to
I n d e m n i t -
ees.If
I n d e m n i t o r
b e l i e v e s ,
from t ime
toim e
and
in
g o o d f a i t h ,
that
the
d e f e n s e
o
any
a w s u i t
wll
be
e t t e r served
by other
c o u n s e l ,
then
n d e m n i to r
shall
be
entitled,
to
rean
and
u b s t i t u t e
other
ounsel to
d e f e n d
the
I n d e m n i t e e s
r e g a r d i n g
such I n d e m n i f i e d
M a t t e r s
on
hirty (
30
ays
prior w r i t t e n
noice
to
th e
Indemnitees,
which
s u b s t i t u t e
c o u n s e l
shal
be
reasonably
a c c e p t a b l e
to
n d e m n i t e e s .
Nothing
h e r e i n
shall
pr e c l ude
the
I n d e m n i t e e s from
retaining
o t h e r
c o u n s e l
o
heir
c h o i c e
at their
own
xpense
to
d v i s e
themith
regard
to
he
I n d e m n i f i e d
Matters.
5o o o e r a t i o n .
Then d e m n i t e e s
and
heir
l a w y e r s
wll
fuly
c o o p e r a t e
w i t h
the
Indemnitor
in
o n n e c t i o n
wth
any
e g a l
m a t t e r s
reatingto
he
I n d e m n i f i e d
M a t t e r s .
Then d e m n i t e e s
a g r e e
to
rovde
Indemnitor
a n d
its
awyers
with
a c c e s s
to
al
re levant
information
c o n c e r n i n g
the
I n d e m n i fi e d
M a t t e r s
and
n y
o t h e r
indemnified
activity
including
but
no
i m i t e d
to
c c e s s
to
the
I n d e m n i t e e s ,
ther
g e n t s
and
e m p l o y e e s
fo
ntervews
and
oher
litigation
r e l a t e d
ma t t e r s
and
copies
on t e r v i e w
m e m o r a n d a ,
e v i d e n c e ,
records,
c o m p u t e r
data,
xpert
r e p o r t s ,
a d v a n c e
notice
of
meet ings
with
adverse p a r t i e s ,
a d v a n c e
noticeof
and
o p p o r t u n i t y
to
attend
any
n t e r v i e w s
of
any
i t n e s s e s
that
are
xpected to
p r o v i d e
information
a b o u t
the
I n d e m n i fi e d
M a t t e r s
and
d v a n c e
notice
of
and
p p o r t u n i t y
to
attend
m e e t i n g s
to
p r e p a r e
any
i t n e s s e s
or
Indemnitees
for
d e p o s i t i o n .
6
e t t l e m e n t .
a
n
no
e v e n t
will
the
n d e m n i t e e s
adm
any
liability
wth
e s p e c t
to
se-
le,
compromise
or
d i s c h a r g e ,
any
awsuit
regarding
the
n d e m n i f i e d
M a t t e r s w i t h o u t
the
n d e m n i t o rs
r ior
witten
consent,
whch
o n s e n t
shall
be
a
n d e m n i t o r '
s
oe
and
exclusive
d i s c r e t i o n .
I n d e m n i to r
s h a l l
h a v e
no
i a b i l i t y
o
o b l i g a t i o n
under
ths
A g r e e m e n t
wth
respect to
any
set t lement
ino
8/15/2019 Indemnification w D. Peebles
3/8
b)
The Indemnitees
h e r e b y
consent to, and
agree
to execute,
any
settlement,
c o m p r o m i s e
or
d i s c h a r g e
of
any
lawsuit or
any part
thereof
r e g a r d i n g
the
Indemnified
Matters
which
Indemnitor
may
request,
which
by
its
terms
o b l i g a te s
Indemnitor to
pay
the full amount
to
be
p a i d
to
settle,
c o m p r o m i s e ,
d i s c h a r g e
or
otherwise
resolve
such
lawsuit or
part
thereof
r e g a r d i n g
the
Indemnified
Matters
and
i m p l i e s
no
admission of
liability
on
the
part
of the
Indemnitees.
Any
settlement
by
Indemnitor
that
does
not
include
the
full
release of
Indemnitees
shall
not
affect
Indemnitor'
s
oblig tions
under this
Agreement.
7.
Noni s p a r a g e m e n t .
Each
party
a g r e e s no t
to
take
any
c t i o n
o
m a k e
any
t a t e m e n t
whch
d i s p a r a g e s , c r i t i c i z e s ,
o
l a c e s in
ae g a t i v e
l i g h t
the
oher,
r r e s p e c t i v e
o
h e t h e r
sucht a t e m e n t s
w o u l d
bec t i o n a b l e
under
s t a t u t o r y
oo m m o n
law
iability
t h e o r i e s .
Ths
a r a g r a p h
d o e s
not
e l a t e
to
t a t e m e n t s
m a d e
in
ood f a i t h in
the
v e n t
o
litigation.
8o n f i d e n t i a l i t y . [
8M]
The
parties
h e r e t o
a c k n o w l e d g e
that
the C i ty
and
he
Agency
areo v e r n m e n t a l
ent i t ies
a n d
s u b j e c t
to
thepen
o v e r n m e n t
P r o v i s i o n s
o
hapter
286,
F l o r i d a
St a t u t es ,
and
the
u b l i c
R e c o r d s
Provisions
o
Chapter
1 1 9 , Forida
t a t u t e s .
Further,
he
Amendment
to
Declarationofo v e n a n t s
ande s t r i c t i o n s
and
the S p e c i a l
W a r r a n t y
Deed
a re
to
be
paced
of
u b l i c
Record s i m u l t a n e o u s l y w i t h
the
execution
o
ll
c l o s i n g
d o c u m e n t s .
S u b j e c t to
the
aforegoing
and
o
the
e x t e n t
p e r m i t t e d
by
law
all
other
documents
s h a l l
be
r e t a i n e d ,
u n p u b l i s h e d by
ether
par ty
to
this
A g r e e m e n t
and
either
party
sha
voluntarily
disclose
their
c o n t e n t s .
Involuntarily
d i s c l o s u r e (
whch
is
p e r m i t t e d ) ,
fo
u r p o s e s
o
ths
a r a g r a p h ,
shal
m e a n
d i s c l o s u r e
when
required
by
he
a b o v e
r e f e r e n c e d
Statutes
or
ny
o t h e r a p p l i c a b l e
l a w s as
well
as (
a
asay
be
h e r e a f t e r
mutua l ly
a g r e e d
to
in
w r i ti n g , (
b)
as
rdered
by
a
j u d i c i a l
t r i b u n a l ,
and (c
to
ny
ou ch
parties'
d i r e c t o r s ,
officers
a nd e m p l o y e e s
and
a n a g e r s or
h e i r advisors
who
needon o w
such
n f o r m a t i o n
fo
the
p u r p o s e
of
dispensing
ega
advce
or
determining i n s u r a n c e
c o v e r a g e s
ino n n e c t i o n
wth
any
of
the
n d e m n i f i e d
Matters.
Inase
oi r c u m s t a n c e s
other than
t h o s e
set
ou
bove, th e
C i ty
A t t o r n e y
shal
e
th e
soe
e t e r m i n a n t
as
toh e t h e r
a
e m a n d e d
d i s c l o s u r e
is
ne
w h i c h
is
e q u i r e d
on
n
i n v o l u n t a r i l y
o
o l u n t a r y
bas is . [8M2
9.
e v e r a b i l i t y .
If
ny
p r o v i s i o n
o
h i s
A g r e e m e n t
shal
be
p r o h i b i t e d
by
or
invalid
u n d e r
a p p l i c a b l e
aw
s u c h
p r o v i s i o n s h a l l
be
n e f f e c t i v e
only
to
he
extent
o
such
r o h i b i t i o n
o
n v a l i d i t y
w i t h o u t
inval idat ing
the
r e m a i n d e r
o
uch
r o v i s i o n
or
the
remanng
p r o v i s i o n s
of
ths
g r e e m e n t .
10.
Misce l laneous.
a
hsg r e e m e n t
sha
be
o n s t r u e d
and e n f o r c e d
in
c c o r d a n c e
w i t h
the
aws
o
he
Sate
of
F l o r i d a ,
boh
u b s t a n t i v e
a n d
remedial .
b
hi s
Agreement
shal l
be
b i n d i n g
upon
the
ndemnitees,
the
I n d e m n i t o r ,
a n d
ther
e s p e c t i v e
s u c c e s s o r s
and
s s i g n s . N o
a s s i g n m e n t
of
his
A g r e e m e n t
o
ny
duty
o r
o b l i g a t i o n
h e r e u n d e r
sha
bea d e (
i
y
hen d e m n i t o r w i t h o u t
the
rior w r i t t e n
c o n s e n t
of
the
n d e m n i te e s , or (
ii)
y
he
n d e m n i t e e s
w i t h o u t
the
p r i o r
writ ten
consent
o
he I n d e m n i t o r .
Any
such
c o n s e n t
shall
be
in
uch
8/15/2019 Indemnification w D. Peebles
4/8
8/15/2019 Indemnification w D. Peebles
5/8
Signatures
on
following page]
IN
WITNESS
WHEREOF,
the
p a r t i e s
hereto have
executed
this
Indemnification
greement
as of
the date
first
above
written.
STATEOF
FLORIDA )
SS:
COUNTY
OF
MIAMI-
DADE )
BEFOREME,
the
u n d e r s i g n e d
author i t y ,
p e r s o n a l l y a p p e a r e d
R. Donahue
Peebles.
person lly
known to
we
or
p r o d l )rP
avalid
FI
a driver'
s lice se
as
identification.
lJ '
Iltb._
Nathalie
Legagne
~~~
omm iss iOn #
3 8 5 4 6
v n i r e s Febr \8IY
5
2 0 0 9
ln c
1 0 1 9
1'
1, . _
dT
F
I
e
isr
y
C o m m i s s i o n
E x p i r e s :
Notary
Pubc-
Sate
o
l o r i d
atLarge
C o m m i s s i o n
N u m b e r :
s s e s :
I-
r int\
N a m e : ( ) .J \
J
v ~
y :
v4 .
9:
ftL-
UL'./r i n t
N a m e P '
Z/
v ~ , : '
J
F
C:-:
P
d//
A T T E S T :
fl )( '()
I
y: /
U
V,
t
0
r
ill
JA
\.
o b e r t
P a r c h e r ,
Secretary
STATE
OF
L O R I D A )
APPROVED
AS
TO
SS
F O R M &
A N G U A G E
C O U N T Y O F
M I A M I - D A D E )
O R
EXECUTION
Al
r 1 f J u /
l~
..
S
E F O R E
ME
the
u n d e r s i g n e d
authority,
personal l y
a p p e a r e d
D~~~
airman
and
Robe
a r c h e r , e c r e t a r y
o
he
M I A M I
BEACH
R E D E V E L O P M M .
v816pl l \
i i l t k A Q e f t c l \
1 t l u C D e l i e
body
o r p o r a t e an d
p o l i t i c ,
to
e
k n o w n
to
b e
the
p e r s o n s
w h o
8/15/2019 Indemnification w D. Peebles
6/8
and
a c k n o w l e d g e d
the
execution
thereof to be
the act and deed of said
Agency
for the uses and
purposes
therein
mentioned, and that
they
affixed thereto
the official
seal
of said
Agency.
Each
such indivdual
is
p e r s o n a l l y
known to
me
or
p r o d u c e d
avaliddrive' s license as
identification.
Witness
my
hand and official
seal
in
the
County
and
State last
aforesaid
this /
6 r .
a y
of
f -
thuaf-'
2 0 0 5 . Noablic- t a t eol o r i d a
a
Large
ommiss ion
N u m b e r :
D '
O
31 ;
J-
1
<
n
E x '
M IX M O R A l E S
I
J ~ ~
N
I I c .
SIale
of
Folda
"--
rm5
I>>
1,
CommIIIIon #
D O
3 6 2 9 1 8
I I o n d e c I I r N a l l o n a l
N a l a I y ~
By
W i t n e s s e s :
i -
Lt~
j
P r i n t
Name;.?
fd v a
5 1
r
6-f?
iP
r/
T T E S T : ( )
By
ij[,t~
U.~
alJ
u-
obert
Parcher,
City ~
OVED
AS
T O
F O R M &
A N G U A G E
FOR
E X E CUT I O N
S T A T E OF
FLORIDA
SS
111
fIJ~~.. ~ \
tyAttomey. .~~
Date
B E F O R E
ME
the
u n d e r s i g n e d
a u t h o r i t y , p e r s o n a l l y a p p e a r e d
David D e n n e r ,
Mayorand
o b e r t Parcher,
Cty
Cerk
of the
CTYF
M I A M I
B E A C H ,
a
l o r i d a
m u n i c i p a l
c o r p o r a t i o n
to
mn o w n
to
e
the
ersons w h o s i g n e d
the
f o r e g o i n g
i n s t r u m e n t
and a c k n o w l e d g e d
the
e x e c u t i o n
t h e r e o f to
behe
ac
nd
deed
ofsaid
City
fo
he
s e s
and
u r p o s e s
t h e r e i n
m e n t i o n e d ,
and
that
they
affixed
h e r e t o
the
official
s e a l ofa id
Cty
ac h such
i n d i v i d u a l
is
personal ly
k n o w n
to
m
or
p r o d u c e da
alidr ive '
si c e n s e
as
d e n t i f i c a t i o n .
0 /,
i t n e s s
m
a n d a n d
o f f i c i a l
s e a l
in
th e
Couny
and
Sate
las
8/15/2019 Indemnification w D. Peebles
7/8
8/15/2019 Indemnification w D. Peebles
8/8