Post on 05-Jul-2018
8/15/2019 Indemnification w Royal Palm (1)
1/8
INDEMNIFICATIONAGREEMENT
THIS
INDEMNIFICATION
AGREEMENT (the "
Agreement")
is made
and
entered
into
on
n-
l>
itItHt-
r
Ir.
2 0 0 5 ,
by
and
mong
RDP
OYAL
PALMHOTEL
LMTED
A R T N E R S H I P
a
lorida
limted
p a r t n e r s h i p (
he
n d e m n i t o r ) ,
and
e a c h o f (
i
AM
BEACH
E D E V E L O P M E N T
A G E N C Y
a
ublic
body
o r p o r a t e
and
p o l it i c (
the
A g e n c y ) , a n d (ii)
IT Y
OF
AM
B E A C H ,
a
Floridamunicipal
c o r p o r a t i o n (
the "
Cty ) (
c o l l e c t i v e l y ,
he
Indemnitees").
R E C I T A L S :
n d e m n i t o r
is
the
e v e l o p e r
of
the
Royal
Pam
rowne Plaza
H o t e l (
the
Hotel"),
which
Hotel
waso n s t r u c t e d
onland
t h a t
is
eng
l e a s e d
by
n d e m n i t o r
from
the
Agency
p u r s u a n t to
an
g r e e m e n t
oease
dated
May
289 9 8
and
ecorded
in
O f f i c i a l
R e c o r d s
B o o k
1 8 1 7 0 ,a
age
9 3 ,
o
he
Public
Records
of
Miami-
Dade
C o u n t y ,
Forida (he "
e a s e ) ;
and
B
Indemni tor
an d
the
I n d e m n i t e e s
h a v e
n e g o t i a t e d
ae t t l e m e n t
r e l a t i n gto
ertain
c l a i m s
that
have
been
m a d e by
ac h
party
against t h e
other
as
generally
r e f l e c t e d
in
h a t
certain
Le t te r
o
ntentto
mend
Roya
Palm
Crowne
P l a z a
Resort
Agreements
dated
N o v e m b e r
25
0 0 3 (
the "
Letter
o f I n t e n t ) ; an d
C
ubsequent
to
he
recording
of
the
Lease ,
Indemntor
began
the
o n s t r u c t i o n
o
th e
Royal
P a l m l S h o r e c r e s t
Cowne
l a z a H o t e l (
Hotel").
D
uing
the
c o n s t r u c t i o n
of
he
Hotel,
n d e m n i t o r
e n c o u n t e r e d
s t r u c t u r a l
p r o b l e m s
with
the
original
Royal
P a l m
Hotel and
soil
o n t a m i n a t io n
p r o b l e m s
regarding
the
Land
w h i c h
a l l e g e d l y
resulted
in
e r t a i n
c o n s t r u c t i o n
delays.
A
ispute
arose
a m o n g s t
the
parties
r e g a r d i n g
the
f o r e s a i d
problems
a n d
d e l a y s
resu l t ing
in
n d e m n i t o r '
s
e f u s a l
to
ay
c e r t a i n
Rental
d u e
under
th e
L e a s e
and
the
g e n c y '
s
efusato
pay
cams
re lated
to
said
c o n t a m i n a t i o n
and
l l e g e d
c o n s t r u c t i o n
delays.
E he
parties r e s p e c t i v e l y
deny
and
d ispute
al
uch
l a i m s
and
a l l e g a t i o n s
against
t h e m ,
w h e t h e r
asser ted or
u n a s s e r t e d .
F
S u b s e q u e n t
to the
Letter
of
n t e n t
and
pio
o
the
closing
on
the
o c u m e n t s
c o n t e m p l a te d
in
he e t t e r
o
Intent,
North
Fok
ank
filed
a
o r e c l o s u r e
c o m p l a i n t
a g a i n s t
I n d e m n i t o r
and I n d e m n i t o r
s u b s e q u e n t l y
a g r e e d to
pay
North
Fork
B a n k
in
u ll
for
its
loan,
ss ign
itsp t i o n
to
a y
the
u r c h a s e
Price
under
the
Lease
to
oya l
Palm
H o t e l
Proper ty,
LLC
who
wll
then
pay
the
Agency the
P u r c h a s e
Price
under
the
Lease,
e r m i n a t e
the
Leaseand
transfer
the
H o t e l
to
Royal
Palm
H o t e l
P r o p e r t y ,
LLC
G
The
parties, i s h i n g
to
avoid
litigation
and
amicably
r e s o l v e
al
atters
e x i s t i n g
between
them,
entered
i n t o
n e g o t i a t i o n s
regarding
the
a f o r e s a i d
disputes
r e s u l t i n g
in
his
A g r e e m e n t a n d
other
a g r e e m e n t s .
H
Agency
and
Owner
in
he
e s i r e
to
m a i n t ai n
and
fufill
ther
commi tment
to
po
id e
the
African
American
c o m m u n i t y
wth
o p p o r t u n i t i e s
inhe
h o s p i t a l i t y
industry,
ae
illing
to
m e n d
the
oyal
P a l m
Crowne
Plaza
agreements
a n d
8/15/2019 Indemnification w Royal Palm (1)
2/8
comply
wth
the
Convention
Center
Agreement (
which
Indemnitor,
as ownerofthe
Hotel and on
behalf
ofthe
Hotel,
has
agreed
to do)
which
p rov ides ,
among
other
th ings,
that the
Hotel owner
and
its
successors
and
assigns
make
available
Hotel
facilities
and
services for
support
of the
Convention
Center
events
and to
undertake
joint
marke t ing
efforts.
1
s
a
aeria
i n d u c e m e n t for
and
o n d i t i o n
o
I n d e m n i t e e s
e n t e r i n g into
the
ettlement,
n d e m n i t o r
has
g r e e d
to
r o v i d e
an
g r e e m e n t
by
n d e m n i t o r
to
n d e m n i f y ,
hod
a r m l e s s
and
rovide
d e f e n s e
fo
I n d e m n i t e e s
r e g a r d i n g
o
e l a t i n g
to
certain c h a l l e n g e s
by
third
p a r t i e s
as
to
thee r m s
of
the
e t t l ement
b e t w e e n
the
a r t i e s
as
enerally
d e s c r i b e d
in
the
e t t e r
o
n t e n t
ande c i t a l
F
h e r e i n a b o v e .
NOW
H E R E F O R E
in
o n s i d e r a t i o n
of
the
rectas
agreements,
c o v e n a n t s
and
remses
contained
h e r e i n , and
for
other
good
and
vauabe c o n s i d e r a t i o n
the
e c e i p t
and
ade-
u a c y
o
h ich
are
hereby
a c k n o w l e d g e d
the
parties
hereto,
n t e n d i n g
to
be
egally
bound,
hereby
a g r e e
as
follows:
1
ecitals.
T he
recitals
se
orth
above
are
true
nd
correct
and
are
i n c o r p o r a t e d
h e r e i n
by
hs
reference
t h e r e t o .
2
I n d e m n i f ic a t i o n .
The
n d e m n i t o r
hereby
agrees
to
efend,
indemnify
and
hod
a r m l e s s
the
n d e m n i t e e s
from,
against,
n d
with
respect
ony
damages,
causes
o
ction,
coss
losses,
debts,
liabilities,
judgments,
l a i m s
o b l i g a t i o n s ,
attorney'
s
ees, (
including
t h o s e
for
appeals
o
o s t
j u d g m e n t
p r o c e e d i n g s ,
if
ny),
taxes, i n t e r e s t
on
a x e s ,
tax
penalties,
or
other
matters (
the
n d e m n i f i e d
M a t t e r s )
a r i s i n g
ou
o,
r
relating
d i r e c t l y
or
indirectly
to,
any
c h a l l e n g e s
by
n y t h i r d
p a r t i e s
to(
i)
he
terms
of
the
e t t e r of
Intent
and
he
e t t l e m e n t
documents
executed
in
c o n n e c t i o n
t h e r e w i t h of
e v e n
date (
ii)
he
p r o c e d u r e s
u s e d
and
timing
of
the
a y o f f
of
n d e m n i t o r '
s
oan
from
N o r t h
Fork
a n k ,
the
payment
ohe
P u r c h a s e
Price u n d e r
thee a s e ,
the
t e r m i n a t i o n
of
the
e a s e ,
the
t ransfer
of
the
Hotel
to
Royal
Palm
Hotel P r o p e r t y ,
LLCnd
the
aiver
o
e r t a i n
e a s e
provisions
by
the
n d e m n i t e e s
to
a c c o m p l i s h
same; (
ii)
he
alowng
f
the
c o n d o m i n i u m i z a t i o n
ohe
S h o r e c r e s t
Port ion
ofh e
H o t e l ;
and(
iv
he
possib le
interest
and
p e n a l t y
i n t e r e s t
fo
he
late
p a y m e n t
of
a l e s
tax
due
fo
back
R e n t a l ;
e x c l u d i n g , h o w e v e r ,
any
and
al
challenges
directly
or i n d i r e c t l y
r e l a t i n g
to(
the
paymen t
and
partial
w a i v e r
o
e n t a l
as
c o n t e m p l a t e d
by
he Letter
ofIntent,
as
that
e rm
is
ef ined in
the
ease,
that
o t h e r w i s e
w o u l d
h a v e
been
ai d
by
n d e m n i t o r
to
g e n c y
bu
or
th e s e t t l e m e n t ,
and)
the
e t t l e m e n t
o
n d e m n i t o r '
s
lleged
d e l a y c l a i m s
atribued
to
he
environmental
d a m a g e
and
econst ruc t ion
deays
which
I n d e m n i t o r
expe r i enced
d u r i n g
its
d e v e l o p m e n t
o
h e
Hote.
3
n d e m n i f i c a t i o n in
C o n n e c t i o n
w i t h
L e g a l
Fees.u b j e c t
to
h e
conditions
set
forth
in
Sections
4
nd
5
beow
he
I n d e m n i t o r
hereby
a g r e e s
to
n d e m n i f y
and
o ld
h a r m l e s s
the
I n d e m n i t e e s
with
r e s p e c t
tony
reasonable
lega
fees
and
costs
of
c o u n s e l (
including
those
for
a p p e a l s
or
post
j u d g m e n t
proceedings,
if
ny)
that
m a y
be
incurred
after
he
dae
o
thsg r e e m e n t
regarding
the
n d e m n i f i e d
Matters.
4
R e t e n t i o n
of
Counsel.
Indemnitor
s h a l l
havethe
righto
designate
c o u n s e l
to
efend
th e
interests
o
n d e m n i t e e s ,
whch
c o u n s e l
s h a l l
be
easonably
a c c e p t a b l e
to
n d e m n i t -
ees.
If
n d e m n i t o r
b e l i e v e s ,
from
time
to
timen d
in
good
faith,
hat
the
efense
of
any
Lawsuit
wll
be
e t t e r
s e r v e d
by
t h e r counse l ,
then
Indemnitor
8/15/2019 Indemnification w Royal Palm (1)
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other counsel to
defend the
Indemnitees
regard ing
such
Indemnified
Matters on
thirty (
30)
days
prior
written
n o t i c e to
the
n d e m n i t e e s ,
whch
ubs t i t u t e
c o u n s e l
s h a l l
be
easonably
a c c e p t a b l e
to
I n d e m n i te e s .
Nothing
here in
shal
p r e c l u d e
then d e m n i t e e s
from
e t a i n i n g
other c o u n s e l
oher h o i c e
at
ther
own
x p e n s eto
dv ise them
wth
r e g a r d to
the
ndemnified
Matters.
5
ooperation.
The
I n d e m n i t e e s
and
heir
l a w y e r s
wll
ully
c o o p e r a t e
wthh e
Indemnitor
in
c o n n e c t i o n with
any
legal
m a t t e r s r e l a t i n g
to
n d e m n i f i e d
Maters
The
n d e m n i t e e s
agree
tor o v i d e
I n d e m n i t o r
and
its
awyers
w i t h a c c e s s
to
al
relevant
i n f o r m a t i o n
concerning
t n d e m n i f i e d
M a t t e r s
and
any
other
i n d e m n i f ie d
a c t i v i t y
i n c l u d i n g
bu
not
limted to
a c c e s s
tohe
I n d e m n i t e e s ,
the i r
agents
and
employees for
i n t e r v i e w s
and
other
litigation
r e l a t e d
matters
a n d
copes
o
nterview
m e m o r a n d a ,
evidence,
e c o r d s ,
c o m p u t e r
daa
expert
reports,
d v a n c e
notice
of
eet ings
wth
adverse
parties, d v a n c e
n o t i c e
o
n d
o p p o r t u n i t y
to
atendny
i n t e r v i e w s
o
ny
w i t n e s s e s
that
ar e
expected
torovide
i n f o r m a t i o n
abou
the
n d e m n i f i e d
Matters
and
d v a n c e
n o t i c e
o
n d
o p p o r t u n i t y
to
t t e n d
meetings to
prepare any
wtnesses or
Indemnitees
fo
d e p o s i t i o n .
6
e t t l e m e n t .
a
no
even
wll
the
n d e m n i te e s
admi t
any
i a b i l i t y
wi th r e s p e c t
to,
o
et-
te
o m p r o m i s e
o
d ischarge,
any
awsut
regard ing
the
n d e m n i f i e d
Matersi t h o u t
the
Indemnitor
s
rior
witten
c o n s e n t ,
w h i c h
c o n s e n t
shale
at
n d e m n i t o r '
s
soe
and
x c l u s i v e
d i s c r e t i o n . I n d e m n i t o r
shall
have
no
iability
or
obligation
unde r
ths
g r e e m e n t
with
respec
to
any
s e t t l e m e n t
ino
w h i c h
any
Indemnitee
mghn t e r
w i t h o u t
Indemnitor
s
p r i o r
w r i t t e n
consent.
b
he
n d e m n i t e e s h e r e b y
consent
to,
and
agree
to
execute,
ny
sett lement,
c o m p r o m i s e
or
ischarge of
any
l a w s u i t
o
any
ar t
thereof
regard ing
the
ndemnified
M a t te r s
which
I n d e m n i t o r
m a y
r e q u e s t ,
which
by
ts
e r m s
o b l i g a t e s
I n d e m n i t o r
to
pay
he
full
a m o u n t
to
be
pad
to
e t t l e ,
compromi se ,
discharge or
otherwise r e s o l v e
s u ch
lawsuit
o
ar t
thereof
regard ing
the
I n d e m n i f i e d
M a t t e r s
andm p l i e s
no
d m i s s i o n
of
l i a b i l i t y
on the
pat
of
the
I n d e m n i t e e s .
Any
e t t l e m e n t
by
n d e m n i t o r
that
o e s
not
include th e
ful
r e l e a s e
of
n d e m n i t e e s
shalot
affec
n d e m n i t o r '
s
obligations
u nde r
ths
g r e e m e n t .
7
on-
i s o a r a g e m e n t . E a c h
party
a g r e e s
not
to
take
any
acion
o
make
any
t a t e m e n t .
which
d i s p a r a g e s , c r i t i c i z e s ,
o
l a c e s
in
a
negative
l i g h t
the
ther,
irrespective
o
h e t h e r
such
t a t e m e n t s
would
be
actionable u n d e r
statutory
o
c o m m o n
law
iability
t h e o r i e s .
This
p a r a g r a p h
does
not
e l a t e
to
t a t e m e n t s m a d e
in
ood f a i t h
in
the
v e n t
of
litigation.
8
Confidential i ty. [
8MI]
T he
p a r t i e s
h e r e t o
a c k n o w l e d g e
that
the
Cty
nd
he
Agency
are
g o v e r n m e n t a l
entit ies
and
ubec
to
the
open
G o v e r n m e n t
P r o v i s i o n s of
C h a p t e r
286
Forida
t a t u t e s ,
and
the
Public
Records
P r o v i s i o n s
o
h a p t e r
119
Forida
Statutes.
F u r t h e r ,
the
m e n d m e n t
to
a r a g e
Easement
A g r e e m e n t ,
the
m e n d m e n t
to
D e c l a r a t i o n
o
o v e n a n t s
and R e s t r i c t i o n s
and
the
p e c i a l
Warranty
Deed
ae
o
e
paced
of
P u b l i c
Record
simultaneously
wth
he
e x e c u t i o n
o
l
c l o s i n g
d o c u m e n t s .
Subject
to
he
a f o r e g o i n g
and
to
the
xtent
p e r m i t t e d
by
aw
ll
other
d o c u m e n t s
s h a l l be
retained,
n p u b l i s h e d
by
either
party
to
hs
g r e e m e n t
and
nether
party
shall
v o l u n t a r i l y
disclose
their
contents.
n v o l u n t a r i l y
d i s c l o s u r e
whch
is
ermitted),
fo
u r p o s e s
o
h i s
p a r a g r a p h ,
8/15/2019 Indemnification w Royal Palm (1)
4/8
8/15/2019 Indemnification w Royal Palm (1)
5/8
pretation
arises,
this
Agreement
shall
be
construed as if
drafted
jointly by
the
par t ies
and
no
pre-
sumption
or
burden of
proof
shall
arise
favor ing
or
dis favor ing any
party by
virtue
ofthe author-
sh ip
of
any provisions
ofthis
Agreement.
14
u r v i v a l :
Ths
g r e e m e n t
shal
s u r v i v e
the
l o s i n g
of
the
transactions
c o n t e m p l a t e d
in
e c i t a l
F
here inabove . 15.
WA IV E R
OF
JURY
RIAL.
INDEMNITOR
AND
INDEMNITEES
HEREBY
N O W I N G L Y ,
VOLUNTARILY
AND
N T E N T I O N A L L Y
WAIVE
THE
RIGHT
EITHER
M A Y H A V E
TOA
RIAL
BY
JURYIN
R E S P E C T
TONY
LITIGATION
B A S E D
HEREON,
OR
R I S I N G
OUT
OF,
U N D E R
OR
N
O N N E C T I O N
WTH
HIS
A G R E E M E N T ,
AND
ANY
G R E E M E N T
C O N T E M P L A T E D
TO
E
EXECUTED
IN
O N J U N C T I O N
H E R E W I T H ,
ORNY
COURSE
OF
O N D U C T ,
COURSE
OF
EALING,
STATEMENTS (
W H E T H E R
VERBAL
OR
WRITTEN)OR
ACTIONS
OF
E ITHER
PARTY
H IS
P R O V I S I O N
IS
A
A T E R I A L
INDUCEMENT
FO R
I N D E M N I T E E S
TO
NTER
NTO
HS
G R E E M E N T .
FURTHER,
BOTH
INDEMNITOR
AND
NDEMNITEES
H E R E B Y
CERTIFY
TO
ACH
O T H E R
THAT
O
R E P R E S E N T A T I V E
OR
AGENT
OF
I T H E R
ONE
OF
THEM,
NOR
HE IR
COUNSEL,
HAS
E P R E S E N T E D
EXPRESSLY
OR
THERWISE
THAT
E I T H E R
ONE
OF
HEM
W O U L D NOT,
IN
H E
EVENT
OF
UCH
L I T I G A T I O N ,
SEEK
TO
ENFORCE
T H I S WAIVER
OF
RIGHT
TO
JURY
T R I A L
PROVISION.
IN
I T N E S S
W H E R E O F ,
the
art ies
hereto
have
execued
ths
n d e m n i f i c a t i o n
A g r e e m e n t
as
of
he
date
first
above
written.
RDP
ROYAL
PALM
HOTEL
LIMITED
P A R T -
NERSHIP,
a
Florida
limited
p a r t n e r s h i p
eur
B
ADC
O S P I T L I T Y
C O R P O R A T I O NI,
a
ration,
as
G e n e r a l
Partner
By
Peebles, r e s i d e n t
STATE
OF
FLORIDA )
SS:
OUNTY
OF
MAM-
A D E )
B E F O R E
ME
he
ndersigned
authority,
e r s o n a l l y
appeared
Ro n a h u e
Peebles,
as P r e s i d e n t
o
P
DC
O S P I T L I T Y
C O R P O R A T I O N
I,
l o r i d a
c o r p o r a t i o n ,
on
behalf
o
u ch
c o r p o r a t i o n ,
and
as
e n e r a l
partner
o
DP
ROYAL
PALM
HOTEL
L I M I T E D
P A R T N E R -
SHIP,
a
Florida
l i m i t e d
p a r t n e r s h i p ,
on beha l f
o
such
i m i t e d
p a r t n e r s h i p .
H
is
e r s o n a l l y known
to
m
r
p r o d u c e d
a
alid
Florida d r i v e r '
l i c e n s e
as
i .
c a t i o n .
V
N a t h a l i e
L e g a g n e u r
t
W.
io m m i s s i o n0 3 8 5 4 1 6
1
I.
.
x p i r e s February
5, 2009
Jff,mnt....
B o n c I e d T t o y F .
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8/15/2019 Indemnification w Royal Palm (1)
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My
Commission
Exp i res :
Commission
Number:
w~
Q i \ ~
Name:
2 p J \ :
i. \
-~
I \~
By:
ATTEST:
By:
rA w
r ~
C l\
L\
Robert Parcher,
Sec re ta r y
STATE
OF
FLORIDA )
SS:
COUNTY
OF
MIAMI-
DADE )
BEFORE
ME,
the
unders igned
author i ty ,
personal l y
appeared
David
Dermer,
Chairman
and
Robert
Parcher,
Sec re ta ry
of the
MIAMI
BEACH
REDEVELOPMENT
AGENCY,
a
public
body
corporate
and
politic,
to
me
known
to
be
the
persons
who
s igned
the
foregoing
instrument
and
acknow ledged
the
execution
thereof
to
be the
act
and
deed ofsaid
Agency
for the
uses and
purposes
therein
mentioned,
and
that
t hey
affixed
thereto
the
official
seal
of
said
Agency.
Each
such
indvidual is
2ersonal ly
known to
me
or
p r o d u c e d
a
valid
drive' s
license as
identification.
r:--
itness
my
hand and
official
seal in
the
County
and
State
last aforesaid
this
J 5 t 1 ~
y
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7,
2005. ..
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8/15/2019 Indemnification w Royal Palm (1)
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CITYOF
MIAMI BEACH,
a
Flori
m ici
al
corporation
Witnesses:
1 2 a 1
C\
c.~,\~
Name: ~
f
T.
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By:
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Name: .
Ifry
F.
6~
r
A T T E S T :
B y : l 6 L u t Y
f e c i t
c~
Robert
Parcher,
City
Clerk
STATE OF
FLORIDA )
SS:
COUNTY
OF MIAMI-
DADE )
BEFORE
ME, the
unders igned
author i ty ,
personal l y appea red
David
Dermer,
Mayor
and
Robert
Parcher,
City
Clerk
of the
CITYOF
MIAMI
BEACH, a
Florida
municipal
corporation,
to
me
known to
be the
persons
who
s igned
the
foregoing
instrument and
acknow ledged
the
execution
thereof
to
be
the act
and
deed
ofsaid
City
for
the
uses and
purposes
therein
mentioned,
and
that
they
affixed
thereto the
official
seal
of
said
City.
Each
such
indvidual is ~<
l.
nnally
known to
meor
produced
a
validdrive'
s
license as
identification.
PJ
Witness
my
hand and
official
seal
in the
ounty
and
State
last
aforesaid
this /
s H J a y
of
W
j/ .
2 0 0 5 . _ _ _
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