Indemnification w D. Peebles

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


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


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


4/8


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

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A T T E S T :

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U

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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 /

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S

E F O R E

ME

the


authority,

personal l y

a p p e a r e d

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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 .

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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


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 :

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O

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1

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n

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M IX M O R A l E S

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of

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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


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


7/8


8/8

Indemnification w D. Peebles

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Transcript of Indemnification w D. Peebles