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WATCH Agenda Item Review Form us GO Muskegon City Commission Commission Meeting Date: December 8, 2020 Title: Parkland Properties Marina Agreement Submitted By: Frank Peterson Department : City Manager Brief Summary: Staff is seeking approval of the attached development agreement with Parkland Properties to construct a dry marina on property mutually encumbered by the City of Muskegon and Parkland Properties. Detailed Summary: Many years ago, as part of the development of the SPX corporate headquarters, a piece of the land was encumbered for mutual benefit of the property owner and the public. The result of the agreement is that the land be perpetually used as a parking lot. Overtime, the hotel was developed and the ownership interests of SPX now belong to Parkland Properties. In an effort to find a higher and better use for the property, staff has worked with Parkland Properties to create a development agreement that results in redevelopment of the site to accommodate a dry marina and replace the public parking spaces along the Terrace point Drive median . The development would also include the construction of townhomes overlooking Terrace Point Drive and the Shoreline Inn. The Developer will invest in excess of $4 Million in initial costs to construct the dry marina and improve the parking along Terrace Point Drive from Shoreline Drive to the Terrace Pointe Traffic Circle. The Developer will also invest in excess of $5 Million in new resident ial development on the Parkland-owned property located at 650 Terrace Point Drive. The project could take as long as 5 years, depending on State and Federal approval processes. Amount Requested: $0 Amount Budgeted: $0 Fund(s) or Account(s): N/A Fund(s) or Account(s): N/A Recommended Motion: To authorize the City Manager to sign the Development Agreement. Check if the following Departments need to approve the item first : Police Dept. D Fire Dept. D IT Dept. D For City Clerk Use Only: Commission Action: DEVELOPMENT AGREEMENT W,'4 r-t:.-h THIS DEVELOPMENT AGREEMENT (the "Agreement") is made as of Pcec~r ~ ' 202~, by and between the CITY OF MUSKEGON, a Michigan municipal corporation of933 Terrace St. (the "City"); and PARKLAND MARINA, LLC, a Michigan limited liability company of 75 W. Walton, STE A, Muskegon, MI 49440 ("Parkland") (the City and Parkland are sometimes collectively referred to as "Parties"). RECITALS A. The City is the owner of prope1iy identified as Parcel No. 61-24-205-563- 0010-00 with a street address of 350 Shoreline Drive, in the City of Muskegon, as legally described and depicted in the attached Exhibit A (the "Prope1iy"). The Property is burdened /'t / by certain easement agreements between the Pa1iies dated '-I / I f. /, et i't and 'l- / "L ":/ (the "Easements"), which, among other things, obligate parts of the Property to be used as parking for the benefit of Parkland. B. Subject to approval from the Department of Environmental, Great Lakes and Energy; and the A1my Core of Engineers, Parkland plans to develop the Property to provide in-and-out boat storage racks within an enclosed warehouse facility (the "Project") on the Property. The current site plan for the Project is included in the attached Exhibit B. The final site plan shall be agreed to by the Parties prior to commencement of construction. C. The Parties believes the Project, and the fulfillment generally of this Agreement, are in the best interests of the City as a whole and necessary for the purposes of the creation of jobs and employment opportunities; to drive new tourism; and to improve the economic welfare of the residents of the City. D. The parties are entering into this Agreement to (i) establish the procedures for the transfen-ing the Property to Parkland and extinguishing the Easements, (ii) outlining the development obligations of Parkland, (iii) outlining the development obligations of the City; and (iv) providing methods to undo the transfer of the Prope1iy, in the event the Project is not completed within the specified time-frame in this Agreement. AGREEMENT Therefore, in exchange for the consideration in and refe1Ted to by this Agreement, the Paiiies agree as follows: 1. Transfer of Property. Within 30 days of execution of this Agreement, the City shall transfer ownership of the Property by quit claim deed to Parkland. Except as provided in paragraph 5, the Easements and the rights under the Easements shall be considered extinguished upon the date of transfer. 2. Project. Within 2 years of the transfer identified in paragraph 1, Parkland TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT shall: a. Apply to the City of Muskegon Planning Commission for site plan approval. b. Apply to the City of Muskegon for any other required zoning approvals. c. Submit an application for the Project to the necessary State permitting agencies including the Department of Environment, Great Lakes and Energy. This includes, but is not limited to, pe1mits for a lift well and a wave attenuator. d. Submit an application for the Project to necessary Federal pe1mitting agencies including the Army Core of Engineers. This includes, but is not limited to, permits for a lift well and a wave attenuator. 3. Off-site Improvements. The City will permit Parkland to create additional parking for the Project, the Shoreline Inn & Conference Center, Terrace Point Marina, and the Lakehouse Waterfront Grille in the area commonly known as Terrace Point Drive, as well as the vacant land owned by the City indicated on the attached Exhibit A. Parkland will undertake or cause to be unde1iaken the necessary road improvements to Terrace Point Drive to create parking. Parkland will also unde1iake or cause to be unde1iaken the construction of the parking lot on the triangular-shaped, vacant land between Shoreline Drive and Te1rnce Point Drive adjacent to its intersection. The Parties shall also continue to investigate the potential re-opening of the First Street connection between Shoreline Drive and Terrace Point Drive. 4. Default by Parldand. If within 3 years of obtaining all necessary permits described in paragraph 2 above, Parkland has not commenced construction of the Project, commenced construction of an alternative project costing at least $2 million to construct, or Parkland has not taken reasonable actions to move the Project forward (an "Event of Default by Parkland"), the City, at its sole discretion, may require that Parkland deed the Property back to the City and Parkland shall deed the Property back to the City within 30 days of receiving such written notice from the City. In the event the Prope1iy is deeded back to the City, the Parties shall re-enter into identical use rights for the Property as outlined in the Easements. Parkland shall bear the cost of recording the documents and this Agreement shall automatically terminate at the time of recording of the documents with the Muskegon County Register of Deeds. In the event that no written notice is issued by the City within 1 year of the Event of Default, the reve1ier rights in this paragraph shall be automatically extinguished. 5. Default by the City. If the City does not transfer ownership of the Property by quit claim deed to Parkland within 30 days of execution of this Agreement or if the City does not reasonably work with Parkland to undertake or cause to be undertaken the necessary road improvements for the Project (an "Event of Default by the City"), Parkland may refrain from any fmther performance of its covenants and agreements contained herein until the Event of Default is cured by the City, seek specific perfo1mance of this Agreement, or te1minate this Agreement and seek any legal recourse to which it is entitled. TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT ADDITIONAL PROVISIONS 6. Organization and Powers. The Parties hereby represent that they are duly organized, validly existing and in good standing under the laws of the State of Michigan; and they have the requisite corporate power and authority to enter into this Agreement and to carry out and perfonn all of the covenants contained herein. 7. Authorization. The execution, delivery and performance of this Agreement by the City has been duly authorized by all necessary action, pursuant to resolution passed by the City Commission. 8. No Conflict. The execution, delivery and performance by the City of this Agreement and consummation of the transactions contemplated hereby do not and will not: (i) violate any provisions of law applicable to it or its ordinances, or any order, judgment or decree of any court or other agency of government binding on it; or (ii) conflict with, result in a breach of or constitute (with due notice or lapse oftime or both) a default under any of its contractual obligation. 9. Term. This Agreement shall terminate on the earlier of the date a certificate of occupancy is issued for the Project; or the date that the Property is deeded to the City and the Parties re-ratify and re-instate the Easements, pursuant to paragraph 2. 10. Limitation of Rights. This Agreement is for the sole and exclusive benefit of the Parties hereto and nothing expressed in or to be implied from this Agreement is intended to give any person other than the Patties hereto any legal or equitable right, remedy or claim under or in respect to this Agreement. 11. Notices. All notices or other communications hereunder shall be sufficiently given and shall be deemed given when dispatched by regular, registered or certified mail, postage prepaid, or by hand delivery, addressed or delivered as follows: If to the City: City of Muskegon 933 Te1rnce St. Muskegon,MI49440 Attn: City Manager If to Parkland: Parkland Marina Development, LLC 75 W. Walton, STE A Muskegon,MI49440 TERRACE POINT DRY MARINA DEVELOPM ENT AGREEMENT Attn: Jonathan Rooks The patties hereto may, by notice given hereunder, designate any further or different address to which subsequent notices or other communications may be sent. 12. Interpretation. This is the entire agreement of the Parties hereto as to its subject. It shall not be amended or modified except in writing signed by the Patties. It shall be affected by any course of dealing and the waiver of any breach shall not constitute a waiver of any subsequent breach of the same or any other provision of this Agreement. 13. Assignment and Binding Effect. This Agreement, when executed and delivered by the parties, will be a legally valid and binding obligation of the Patties, enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally and by general principles of equity. This Agreement and the rights and obligations under this Agreement shall not be assigned or otherwise transferred by any party without the consent of the other patties; provided, however, Parkland may assign or transfer this Agreement to an affiliated entity that it creates to construct or operate the Project. This Agreement shall be binding upon any successors or pennitted assigns of the Parties. 14. Governing Law. This Agreement shall be construed in all respects in accordance with the laws of the State of Michigan. The perfmmance by the Parties of their obligations, covenants, commitments and undertakings pursuant to this Agreement do not, and will not be, in violation of any law, ordinance, rule, regulation, order, policy, guideline or other requirement of any domestic or foreign government, or any instrumentality or agency thereof, having jurisdiction over the Property, Convention Center or the Project. 15. Exhibits. All exhibits attached hereto are incorporated herein as though fully stated herein. 16. Survival of Representations, Warranties, Covenants and Agreements. The representations, watTanties, covenants and agreements of the Parties contained in this Agreement shall survive the closing of the Property. 17. Enforcement. The parties hereto are entitled to all remedies authorized by law to enforce the provisions of this Agreement including, but not limited to, specific perfotmance. In the event any litigation commences for violation of this Agreement, the prevailing patty shall be entitled to recover its reasonable attorneys' fees and costs to pursue the action. 18. Execution in Counterparts. This Agreement may be executed in counterparts, each of which shall be an original and all of which shall constitute the same instrument. An executed copy of this Agreement may be delivered by either patty by TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT 4 electronic transmission and such execution and delive1y shall be considered valid, binding and effective for all purposes. 19. Captions. The captions and headings in this Agreement are for convenience only and in no way limit, define or describe the scope or intent of any provision of this Agreement. 20. Further Assurances. The Parties agree to execute such fmiher agreements or instruments as may be reasonably necessary to implement the terms of this Agreement, so long as such agreements or instruments do not amend or modify the terms of this Agreement or either party's obligations hereunder. The Parties further covenant to work in good faith to implement the terms of this Agreement, to permit the development of the Project in accordance with the te1ms hereof, and to meet as and when reasonably required in order to address issues of concern to either party in connection with the development of the Project and the matters contemplated under this Agreement. 21. Drafting and Construction. The Parties to this Agreement have participated fully and equally in the negotiation and preparation hereof. Therefore, this Agreement shall not be more strictly construed or any ambiguities within this Agreement resolved against either party hereto. 22. Force Majeure. If either paiiy shall be delayed or hindered in or prevented from the performance of any act required of it hereunder by reason of flood, hurricane, cyclone, tornado, earthquake or other similar catastrophe, or acts of God, the public enemy, the government or fires, epidemics, quarantine restrictions, strikes, lock-outs, labor trouble, inability to procure materials, failure of power, restrictive governmental laws or regulations (provided in the case of the County and City, limited to those of (?ther governmental entities), riots, insmTection, war, acts or negligence of the other paiiy of their agents or other reason of like nature not the fault of the party delayed, then the performance of such act shall be excused for the period of the delay and the period of the performance of any such act shall be extended for a period equivalent to the period of such delay. 23. Effective Date. This Agreement and the provisions hereof shall become effective on the date and year first identified above. IN WITNESS WHEREOF, the City and Parkland have caused this Agreement to be signed as of the date and year first identified above. TERRACE POINT DRY MARINA DEVELOPMENT AGREEM ENT CITY OF MUSKEGON Dated: v{\ (J.1-?l'\ ;:}) Ann Marie Meisch, its Clerk STATE OF MICHIGAN ) COUNTY OF MUSKEGON ) ss CITY OF MUSKEGON ) The foregoing signatories, .)t°-£~f'.(\ b(1uJ{QI) tLV'Y:fl are known j9 me, respectively, as ~ tU'"f VVt-e,{_~ - the Mayor and Clerk the City of Muskegon, ano ·t ey ac mow1edged the foregoing instrnment on behalf of the City this a,sW day of IJV\~ 1 df2o:l , '2tmr. KIMBERLY YOUNG Notary P ~ Muskegon Co., Michigan ry Public My Commission Expires June 7,~ ,S Acting in the County of Muskegon lt~~ TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT 6 PARI(LAND MARINA, LLC a Michigan Limited Liability Company Dated: h1 {A Cub Zr;, 202f STATE OF MICHIGAN ) COUNTY OF MUSKEGON ) ss CITY OF MUSKEGON ) The foregoing signatory, Jonathan L. Rooks is known to me, as the Manager of P ARI(LAND MARINA, LLC, a Michigan limited liability company, and acknowledged the foregoing instrument on behalf of the Company this 'J-S't)/1. day of VV\!A./),,()(\ , ,d:001 , --202-B-:- KIMBERLY YOUNG Public Notary Public, Muskegon Co., M~ My Commission Expires June 7, W Arning In the County of Muskegon L,{,lJlQ_ ,at)?h TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT 7 EXHIBIT A PROPERTRY MUSKEGON LAKE TERRACE POINT MARINA TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT ,, EXHIBITB PROJECT PRELIM INARY SITE PLAN AN D ELEV ATIONS TERRAC E PO INT DRY MARINA DE VELOPMENT AGRE EMENT 9 TERRACE POINT DRY MARINA DEVELOPMENT AGREEMENT IO :1:..lt,l.)r M;l..wC.',H C'.lU'' r y rt /1"~ \C ,., h~ctii:ti ,ri'ffrcoRll li l 1r.a7 l,Pil 2El P ): 13 f Twenty Thousand Dollars four Tnousand Two ndred Ten Dollars ($4,210) per acre, more or .l.ess) and othet consideration, the receiot of wn1ch is oy acKnowledqed, the CITY 0~ MUSKBGON, of 933 MusKeqon, Michigan, for itself, its successors assigns ("Grantor") hereby grants and conveys to the SEALED POWER OC:VC:LOPMBN'r CORPORA'rION of 100 Terrace Plaza, Muskeqon, Michigan, lts successors and assigns ("Grantee") an easement on the terms and conditions hereafer stated, and for the purposes hereafter stated, on and across a part of Block 563 oE the Hevised Plat of 1903 of tne City of Muskegon, in Liber 3 of Plats, page 71, Muskeqon County, more specifically described on ExhlDit l, attached hereto ("Parcel A"). This Easement shall be deemed appurtenant to the property owned by Grantee described on Exhibit 2 ("Parcel B") 1 attached hereto. In tne exercise ot tne easement riqhts granted herein, Grantee, its business invitees, licensees, employees and agents, sna!l nave tne right: .I., Subject to the limitations set out below, to use Parcel A for the purposes Grantee deems necessary in order to oenefit and fully utilize Parcel B, includinq, without limitation: (a) To establish parking areas, entrances, streets, ''· exits, driveways and walks to serve Parcel B; (b) To locate utility lines servinq Parcel B; and C:XHHH·r a 40950 Page l ltlll' 1389 :,:.i 764 (c) To locate signs, lighting, landscaping or fences, 2, To enter on Parcel A for purposes of construction and maintenance of the improvements allowed oy this easement; 3. •ro pass over, deposit excavated earth upon and store material and equipment upon Parcel A as may be necessary or useful for tne construction, maintenance, cleaninq or repair o( any improvements Grantee makes to Parcel A or Parcel B, This Easement shall be expressly limited as hereafter provided in Paragraphs 4, 5 and 6. 4. Grantee shall not build or maintain or permit to be built or maintaineo any structure having more than 1,000 square feet on Parcel A. Tnis restriction against building shall not apply to light posts, pertinent electrical equipment, signs relating to business conducted on the adjoining parcel, traffic or directional signs, fences, gates or similar items. 5. Grantee shall not dig, remove or disturb the soil, for any purpose, oeyond three (3) feet below the surtace of Parcel A. 6, Grantee shall maintain and Keep in good repair the improvements made by Grantee situated on Parcel A and shall keep any parKing areas and rights of ~ay constructed or improved by Grantee stripea and clear and free of snow, ice, rubbish and obstructions of every nature and shall provide adequate drainaqe ano lighting thereon. The parties further agree as hereafter provided in paraqraohs 7, U, Y, 10, ll and 12. 4U':l:io Page 2 ,• \ 1 I , •' 7, Grantor shall have the riqht to the use of the land as described in any manner that it deems fit provided that Grantor does not interfere with the use of said easement for the purposes indicated; ti, Grantee shall indemnify and hold Grantor harmless against any and all claims made against Granter by third persons oased upon any of Gr a.n tee's activities over, under or upon the premises described in Parcel A. 9. In tne event Grantor is required by the order of any court or any governmental agency (except Grantor, but reserving to Grantor the right to the lawful exercise of its police powers,) having jurisdiction of the premises described in Parcel A or of toe nearby waters of Muskegon Lake to do any act or tning which may intertere w1th the use of the premises described in Parcel A by Grantee or any third person or which may cause any damage to any improvements over, under or upon any of Parcel A, Grantor shall not be liable to Grantee or any third person for any sucn interference of use or damage to improvements or for any other kind of loss or damage wnich may be asserted against Grantor oy Grantee or any tnird person by reuson tnereof. 10. It is acknowledged by Gcantor and Grantee that certain pollutants exist beneach tne surface of Parcel A and that Grantee -s i--, intends to erect structures upon and otherwise develop Parcel B, i;;...;; ::n ~· wn1cn adjoins Parcel A. It is expressly agreed that the risk of loss or damage that may occur as a result ot the encroachment ::::J upon Parcel B of any of the pollutants existing on Parcel A that Ql 40'i5o Page 3 L.. , . ' lS causect by any activity, development or construction upon Parcel B unaertaKen by Grantee, its successors or assiqns, shall oe oorne solely by Grantee and Grantee does hereby indemnify Granto, of and from any loss or damage of any Kind or nature resulting therefrom. 11. Gcdntee may release the easement qranted herein by del1vec1nq to Grantor a written release (in recordable form) extinquishinq such easement except for the covenants and aqreements of Grantee as set forth in paragraphs u, Y and 10 herein. 12. The easement herein granted and covenants herein set tortn snall run with the land and shall oe binding upon tne successors and assigns of eacn of the parties hereto. IN wr•rNt::SS WHEREOF, tne undersigned execute this Grant of Easement on the /fd_ day of ,· . Mayor 41 ' . BY--.:Y'--"'~=.1..1..'.......J.-~~=i.....:----,--- v· · ty Clerk ~ c:.,,; "Y) SEALED POWER DEVELOPMENT c.::, CORPORATION By vt141<<'J )J1 .&:/2__ Jarres '·I. Sher icl..m · (/ , I ts , ' . . - ~ ( - I3ctti W, '.·1clrose flnuiCl. P_), \ftj_o._c}J By 1)! 4 1i·t\ t Sharon 1-'. Stqyens _" .L I 1...S I ............ ,.T Pmneli'.1 B. Vruch Page 4 I• 'i' . ,. . ;~11eh¥..r._.~·,.:G~~~~-L~~~~~::1~-~U~!'~ . .._l.,:.~-~ :__._.;_~,'to._~ S'l'A•ri,; Of MLCH IGI\N ) ) ss. CULJN'l''i U~' MUSKt::<..iUN) ·rne foreqo1nq 1nstru111ent was ac1rnowl.edqed before me this lbtr1 Ody ot Apr11, l~d7, uy uan1el. c. Oqe1soy ana V1rq1n1a A, Zuq1cn tlle Mayor auu ClecK ot <.:1·1•y UF MUSKt:GON, d mun1c1pal coroorat1on, on oenalt ot tile curpocat1on. Mary---.:,.;- ::.1111 tn Nu'cafy l'UOilC MUH~eqon County, M1cniqan My comm1Hs1on expires; UL/15/dY ::;TA'l'J,; Ur' MIC:HIUAN ) ) ss. CULJNT'i U~ MUBKBGON) The coreqoinq instrument was acKnowledqed before me this 16th day ot April, 1Yd7, oy James M. Yneciaan, President and Snaron F, Stevens, ltS Assistant Secretc1ry, of 8EALt::D POWt::R Ul:;VELOPMENT <..:Ul{l.'UAA'l'IUN, a M1cn1qan corp0Lat1on, on oenalf of tne corpordtion. ,_)/Hene ~ M. Hutcn1sun ~~/ No tacy Puol 1c Muskegon County, Michigan My Comm. Bxp1res: UL/~7/d~ l'Ht::P/HlliU l:¼i:': J. u 1 ·roole 'l'IIOlildS u•~oole, JonnHon, ec al l',U, 8ox 7tJo Mu~Keyon, M1cn1qan 4y4q3 ana r'reu ,.;. Culver ~ulvur, Laquo antJ McNully ~uu Ttrrace Pla1a MUSKuyon, MiChlqan 49~43 HJ::'fUHN ·ru: j Grantee 1U''rSH H.t:C:UHl) !NU -. ....... ...., -.J 4UY fo Paqe 5 '' ., . """ - ••. ,,: _-4 < .:J .•,. , .. 8XHUH'r 1 PARCJ::L A That part ot Lot lU of BlocK 563 ot the Kevised Plat of l~UJ of the City of Musxeqon, as recorded in Liber J of PldtS, page 71, MusKegun County, M1ch1qan, described as folJ.ows; Commencing at the intersection of the Nortnea~tecLy line of Teccace Street, being the soutnwesterly line of Block 557 of said Revised Flat, extenued to tne centerline of vacatea water street; thence Nurtn 62° 44' uu• rlest alonq the Nocthe~stecly line of ~u,rJce Htruet extended Jdl.45 feet; thence westerly along the Northerly line of said Terrace Street alony tne arc of a JU2.4d foot radius curve to tne Lett a distance of 26Y.86 feet to the Northeasterly line of Lot S ot Blocx SSB of said Revised Plac of 1903 (the long chord of said curve bears North l:ld 0 17' 30" West 261.UO feet, the central angle of said curve is 51° U7' 00"); tnence continue Westerly along the Northerly line of said Terrace Street along the arc of said 302,48 foot radius curve to the left a distance of 207.65 feet (the long cnorct of sa10 curve oears South 46° ~9• oo• West 203.60 feet, tne central angle of said curve is 39° 20' 00"); thence South l6° 49' UO" West along the Northerly line of Sdid Terrace Street 328.10 feet to POINT OF BEGINNING of th1s descc1pt1on; thence continue South 26° 49' UO" West along the Noctherly line of Terrace Street 205.00 feet to tne 9outnwesterLy line oE said Lot lU of BlocK 563; tnence North 52° ~4• 35" west along said Southwesterly line l:l7i.OU feet; tnence Nortn 43" 27' 45" West alonq sald Southwesterly line 109, SO feet; thence Nor th l:!3° :l3' 5v" Bast 271.44 feet; tnence soutn 63° 11' UU" t::ast 43~.uu t'eet, thence South 3d" 11' OU" t::ast 330.UO feet to point ot oeq1nning. Containing 4.75 Acres. SubJect to an easement for a sanitary sewer across said Lot lU of Blocx 563, sa1d easement being 4U.OO fet:t in widtn, measured at right angles, descrioed as follows: Co111111enciny dt tile intersection of tne Northeasttirly line of Terrace Street, oeinq the Southwesterly line of Block 557 ot said Hevisect Plat, extended to the centerline of vacated Wdter Streetr thence North 62°44'00" West along tne Nortneasterly line of said •rerrace Street extended 3tll. 4 5 teet; tht1nce Westerly along the Northerly line of saict Terrace Street alonq the ace of a 302.48 foot radius curve to the left a distance of 269.86 teet to the Hortneasterly line of said Lot 5 of BlocK 55ij (the lonq cnord of said curve bears North 88°17'30" West 261,00 feet, tne central angle of said curve is 51°07'00"); thence continue Westerly alonq the Northerly line of said Terrace Street alonq the arc of said JUi.4d foot radius curve to the left a distance of 207.65 feet (the long cnora ot sa1a curve oears south 46°2Y'OU" West 203.60 feet, tile central angle of said curve is 3'J 0 20'00''); Page 6 ... tai1· 13R!) :i•r 76B l::XHllH'r 2 PAHCEL B Lot 5 ot BlocK 55d and Lot lU of BlocK ~63 of tne Revised ~ldt ot lYUJ ot the C1ty ot MusKeqon, as recorded 1n Lloer lot Plats, paqe 71, MusKeqon ~ounty, Michiqan; cXCcPT that part ot said Lot Sand said Lot 10 which lies Soutneasterly ot tne Northwesterly line of Terrace Street, fne Northwesterly line of ferrace Street is described as tallows: Commenc1nq at the intersection o[ tne Nortneasterly line of Terrace Street, beinq tne Soutnwesterly line ot BlocK ~S7 ot 1a1a Kev1sed Plat ot lYUJ, extended to the centerline of vacated Water Street for point ot beqinninq; tnence 1-lorth 6.! 44' UU" West 0 alonq tne Northeasterly line of said Terrace Street extended 381,4~ teet; thence Westerly alonq the Northerly line ot said Terrace Street alonq the arc of a 302,48 toot radius curve to tne left a distance of 269,86 teet to tne Nortneasterly line of said Lot 5 ot BlocK 558 (the long chord ot said curve bears Nortn 88° 17' JU" West 261.UU feet, the central anqle of said curve 1s 51° 07' UU"); tnence continue Westerly alonq cne Nortnerly line of said Terrace Street alonq the arc ut saiu JUi.48 foot raaius curve to tne left a distance of 207,65 feet (the 1onq chord ot said curve oears South 46° 2Y 1 U0" West LU3,6U teet, the central anqle of said curve is 39° LU' OU"); tnence Soutn 2b 0 4Y' UU" West alonq the Nortnwesterly 11ne ot said Terrace Street 533,10 teat to the Soutnwesterly line ot saia Lot 10 of Block 563. EXCEPTING THEREFROM the follow1nq descrioed parcel: Tnat part ot Lot 10 uf BlocK 563 of the Revised Plat of i~UJ ot tne City ot MusKeqon, as recorded 1n L1bec J of Plats, paqe 71, MusKeqon County, M1ch1qan, described as tolluws: Commenc 111q at tn e 1n cer sect ton o £ the Northeasterly line ot ferrace Street, Delnq the ~outnwesterly line of BLocK ~57 ot sa1a Revised Plat, extenaed to tne centerline ot Vacated Water Street; tnence Nortn bL 0 44 1 uu" West along tne Nortneasterly line ot: Terrace Street extended 381.45 feet; thence Westerly alonq tne Noctnecly 11ne ot said ~errace Street aionq the arc of a JU2,4H foot radius curve to the left a distance ot 2bY,8b teet to tne Nortneasterly line of Lot ~ at tllock 558 of said Revised Plat of 1903 (the lonq cnord ot said curve Dears Noren tiH 0 17' JO" West 261,U0 feet, tne central anqle ot said curve is 51° 07' UU"); tnence continue Westerly alonq the Northerly line ot said Terrace Street alonq tne arc ot said 302,48 toot radius curve to tne left a distance of iu7.65 teet (the lonq cnucd of said curve bears South 46° LY' U0" West 203.b0 teet, the central angle at said curve 1s 3Y 0 20' UU"); tllence Soutn 26° 4':! 1 UU" West alonq the Northerly line ot Sala Terrace Street 32H.lU teet tu PUINT Uf B~UINNING ot tuis description; thence continue Soutn l6° 4Y' U0" West alunlj tile i~urtt1ecly Uni.' ut ·t>t,rrdce Steel:!:: .!u~.UO teet to · ...... thence South 26°49 1 00" west along the Northerly line of said Terrace Street 130,00 feet to point of beginninq of said 40,UU toot easement; thence continue South 26°49'00" west along the Northerly line of Terrace Street 102,65 feet; tnence South 49°45'UU" west 302.65 feet to the Southwesterly line of said Lot 10 of Block 5b3; thence North 52°44 1 35" wast alonq said Southwesterly line of Lot 10 a distance of 40.95 feet; thence North 49°45'00" gast 406.0S feet to point of beq1nninq. 40::1 :>O Paqe 7 tne Soutnwescerly line of said Lot LU of Block 563; tnence North SL" 44' 35" ~est alonq said Southwesterly l1ne u7.i.uu teet; tnence N0 4Y'UU" west illonq tne Nortnerly line ot said Terrace Street lJU.U\J teet to point of beqinninq of saict 4U.UU toot easement; tnence continue south 26°4Y'UO" West alonq tne Nortnerly line of Terrace Street 1U2,b5 teet; thence South 4Y 0 45'UU" West JU2.65 feet to tne Southwesterly line ot said Lot lU of Block 5b3; thence Nortn 5l 0 44'J5" ~est alonq said Southwesterly line of Lot lU a distance ot 40.YS feet; thence North 4Y 0 4S'UO" ~ast 4Uo.US teet to µ01nt or oeq1nn1nq. z 4 uY :>0 . STATE Or: t-llCIIIOAII l/1' 1657 1'.1410 1 COUtnY 0~ 1,1:J31{EOCN RECEl\'';I) ~-1','l !'.('.CORO ri?II t:l,R I 2 Pi1 21 11 I I I I O&DICi\'l'lOII fi:ittito? ·. '. On, March 12 1 1987, Sl>X Dovolopmont Co~pofation, torm11r~Y.. I .. · ~:~:i.:_i_~\_i :.,- .::_. :_:,. ·.' ·,• ..,1., Soalod Pow11r 011volopmont Corpore tion, a Hi<:h!.gan corporation, .: :, :.,.;·,tJ.• I • '. • ; .., .~,,.·' .,;: 1:• ("SPX U11V11lopmont") ■ ubmittod on ol!or to pur&a111 o&rtain ·roAL•:,··, \.·\;_i' '·.·.\. .. M ft .. ::1i/\:tt.:-;~:; oatato from tho City ot Hu1ko9on (thn City l, whioh accepted .•~---'i0~ tho oHor on Harch 17, 1987 ( tho "O!for" l , :'\ r \r\\\t, 1 0 0 00 19n,: ::g::::o::o : :::t::: :/:::i:::p:::: :::0::::: :: ::0 .·:?.· ;.·_ :·.•_.:_:_: '.•;:. !,;;,}-'.,~.-.;.•.it·_:_'._: :· otter to tho pub1io a• an opon 1paco • public u•n ar,a (tho. . _. . •publlo area"), In addition, BPX Dovolopmont ayrood to maintain • ~ ~ • • , • \r -~, ' ... ~ _th• publio aroa at i• own oxponau and to provido tho publio· .. , :\; •'·.:t;:· reaoonablo ingrooo and ogroou to and from tho publlo aroa, Dy 1.oqaptin11 thi• Dodioation, tho City 11grooa that SPX oovolopmont· 0 ha ■ !ultlllod Lt~ obligation ■ undor Paragraph 15 o! tho O!for, ' Thoro!oro, in tultillmont of ito obligationo undor tho O!!or, BPX Dovolopmont dons hornby !orovor dedicate and sot apart for tho uao and onjoymont by tho gonoral public tho ueo ot tho property deooribod on attaohad Exhibit A (tho •orivaway") for 1tro•t and parkin9 purpo101 ond the proparty do1oribod on at taohod Exhibit D ( tho "Walkway• I for walkway purposuo (oollootlvoly rotorrod to 11.1 tho "Proporty•1, ~ubjoot to tho tormo 11nd condition ■ not torth bolow, .• ' 1. . .;,Ji~I The Orivow11y ehall bo u11od by the public only tor ingron, ogrooe 1ind parking purpoeon for 110001111 to tho W11lkw11y, SPX · ·\ih . :,:. ·.if • I Dovolopmont ronorvoa tor itoolf, 11nd ita auooo11oora and .;~{ aaaigno, tho right to rolooato tho Orivoway, at it ■ own oxpon1111, aa ia noooaury to 11ccomrnod11to fut\lro dov11lopmont of tho Torraoo Point Proporty, -!4· 2I Without 11xpnndin9 tho pormlttnd uana ot tho Proporty •• dotined 11bovo 1 bioyoloA 1 1kat11bo11rdA or othnr whn11lnd vohialoa, oxoopt whnoloh11ir1, 11rft not pnrmittod on thft W11lkway, For thn 111!oty 1 protootion and convonlonoo o! tho gonoral publio and adjoining proporty ownora, boating (including th• l11nding, dooking or launohing or any boat1), awimrning, bathing or tlahlng on or !rom tho rroporty i• prohlbitnd, In addition, plokoting, di•tributing 11dvnrti1ing or proparing ot food iD prohibitod on tho Proporty, Thia Dodication don ■ not inoludn 11ny right to uan 11roa1 adjacent to tho Proporty, PROVIOl::0 1 !hhing may bo allowod from tho walkwny portion ot tho Proporty as tollowa1 IC thn City wiaho ■ to conotruot, at ito nolo ooot and oxpon ■ o,a bo11rdwnlk and fiahinq plor on tho Proporty (tho "Improvomonta") 1 it 1holl 100k and roooivo tho prior Approval o! SPX oovolopment Corporation, its nuooon ■ ora or 111oigna, or tho doaign, matoriala and loa11tion of tho Improvomont ■ and Any rnpair, ropl110010ont or rooonatruotl.on o! tho Impl'ovomonta, which approvlll 1h11ll no\; bo unrn11non11bly withhold, Ulion oomplotion ot tho oon ■ truation ot tho Improvumontn 11nd t ,n Approv11l o! ■ amo by arx Duvolopmant Corporc\tl.on 1 or it1 a.ui11n1 1 tho pulllio 1h11ll bn nllownd to uan tho !hhJ.ng pior ■ ololy !or nntnring nnd walking thornan or !or Cirhinq purpoau ■, 11nd !or no othor purpooua, ~ 1-- 81 '1 ,,•l -2- ..... ~ -..J : .:: ·?if •'. . t;' •:··' Tho City At it1 aoln ooat Anrt oxpnnao, 1hAll obtAin All' vovornmontAl pormita roqu1rod tor oon1truotion ot tho Improvomnnta, In Addition, thn City agrno ■ thAt it •hnll,· at it• aolo coat ond oxponiu, maintain, ropalr, roplaoo and I rooonatruot tho Jmprovnmnntn a ■ nnco~~nry 10 ao to koop thorn in a ronaonablo 1tato of maintunnnco und ropolr, 4, 'l'itlo to that portion of tho Proporty doih:ribod on ottaohod Exhibit C 1holl romaln in SPX Dovolopmnnt and lta - IUOOOINOrl and a11lgn1, In addition, SPX Dnvnlopmunt and ito 1uoo0 ■ 1OL·1 11nd 1u1i9n1 1holl rotnln it• right ■ undor an Eaaomont, rocordod at Libor 1389 1 Pago, 763 through 771, incluaivo, Huakogon county Rocorda, L 0 SPX Oovolopmont and it• auoco11or1 and aaeigna ahall koop tho Proporty in a roaaonnblo wtotn ol ropoir, SPX Dnvnlopmont and ita 1ucoo11or1 and a11ign1 nhall hnvn tho • right to Adopt and ancoroa roaaonablo ruloa and rogul11tion1 fQ1lllt'din11 tho publio 1 11 uno ot tho rroporty, with tho oon1unt ot thn C1ti• H11n11gor ot tho City ot Hu11kogon, whioh oonaont •hnll not ~o unrnn11onnbly withhold, auoh rule" nnd regulation, ~hall not modify, nmond or oxpand tho pormittud ueoa ot tho Proporty oa doacribod obovo, 6, SPX Dovolopmont raoorvoo for itoolf, nnd ito nuccoonorn and aaaigna, tho right to inetnll, mnintain, roconatruct and roplaco any utilitioa it doomft nocoonnry on, ovor, or undor tho Proporty including, without limitntion, aanitary ~nd atorm 1oworo 1 wntor, tolophono, oloctric, goa and coblo tolovi,ion aorvioo, iJ. 7, Any right ■ and pownra ro,arvod to SPX Dovolopmont in tho Dodioation or by law may bo ~noignod, trana!urrod or grnntod by SPX Dovolopmont to ony othnr nntity or pnreon with tho conncnt of tho City council of tho City of Munkogon, which conoont nhnll not bo unroanonobly withhold, Any ouch noaignmont or trnnofor will bo mado by approprinto instrumont in writing nnd rocordod in tho Huakogon County Rogiator ot Dooda, 'i i. ,. ,- Ill I-IITIIESS wm:ru:o~ I SPX inatrumont to bo exoout,d on Thi ■ Dodioation i1 aoooptod by tho City ot Humko9on, Hiohi9an, Dated, February 26 I 1991 • CITY or MUSKEGON •• I ay ~ ....... Dy sn ~ 14\iro rioldin~ ,,:~ Ii-- -(- ...... f..0 .. •' n Mnrilyn , Wor.'n1tn:m , 1 f1 . ·,, ·'· \ Notary PUlilio : · , · '' •i• ·-~ ~· . HuAl<•qon county; Hi. ohiq.tn• _I,., : HY COl1\IM\1Uion tkpi'r .. ,,, Ci•·' ~-.: : ,t·· I.WIJL~J. \\'i:IIN~IJ.l/lll ,\' t/JIMWP\illl~• ltt)~0')/1 COIJIJtY,MICll MYCWl,11$$0,'II lXPfl~II.IO•ll41 ··••11.11 1,·• LltlCOLN 1101,0INGS CORl'Oll/\'l'IOH A Hiohig~n oorporAtion :✓,{11~~ ')11 I .J:1./(,lv7 r..;,.v,_ .f. :, ; ' ,·', '.; r'! •': .{Ji~:~ ... lW 1557 •1'1421 ldll' 15D7 1·.r422 1 of aaid oorporntion, Ohara, F, 6tev ■ · _,·. '~ •., ,:· •. ,,.,,.:, llotary Public \'•.":•,, •· ,, ..-;••,,'.( Huskogon County, J1!~11NM~ti,-.'.•?··: Hy commieoL~,,tiKP4,l!Alupl'Ol!bilt 1/kfl\qo l,tf C ~~ Michigan Hy colM\ieaion oxpiro1 ' 1..•l"t•"I~ STATE OF MlCIIIOAH COUNTY or l ., ,)!),•' 1':XIIIDI'l' C !~ii ·l1i:/: :(~•,,·,'. look "3 at.» .. ft"1nd Pl" ot'llo, ,, tho City of Hu1x1qon, u t'loord1d in Lib1r l of Plata, 1>11171 71, Muakaqon · County, liiohiqa.n, inoludinq &11 land zeada by hnd•Ull which may :1:\'·, · • have bun 1µb1.quaou1 land■ a.t tha ti.ma of th1 dtdioation ot nid f::: /:f..: • ', · intn110t1on ot the Northu■ tarly Una of Tarrao, Strut:, being H·'.,\ ,, Jtavhad Plat of UOJ,• dUodbad•u followa, .. oonuunoinq at the •i:: •· •'.' the Bouthwa ■tady lin• of Zlloolc 557 of nid Raviud Pht of U03 :·:· ·, ,, extended to the 01ntarU.n11 of Vao11ted H11tar Streat, th1n011 North 1 .!: 112•44 'oo• Wut alon9 th• tforth1111tarly lin1 ol! uid Taruoo th■noa , :/ ltrut 0 1xt1nd1d 311.U f11t1 trutarly along th1 Northarly f . ,. !;~. fo •:~~ i!~~"~•df;~:~;. •~tn71~~:1 i~.~f (:h~Of~~: 't::. ■aid 1 :hi;/~1iua ourva bur■ South 72 11 02 1 30• lfut 429,B feat, tho oontl:'al 1 1,· angle of ■aid ourva ia 90 27 1 00") i thence South 26'0 1 00" West ·-, ·'):<_. North■l:'ly &long the Northwutat'ly lina of aaid 'l'ol:"race Btraet 31,t,07 fut1 th1nc1 alon9 tha aro ot a 603.00 foot a:adiua ourv1 to •· th• d9ht a di■t1no1 of 314. 49 tut (the long chord ot •dd curve bear■ North 47'43 1 25• W••t 310,93 l•ot, tha oantral 1n9la ot uid,ourve i■ ,29f!2-'ll4") thanoo south 59•35•37••woat 6,24 to11t1 l 1 j! thanoa tlutarly a.long tha arc ot a 552,60 Coot radiu11 curva to di■tanoo ■Aid 1 ·;•.-, th• dqhl: a of 310, 04 toat ( tha lon9 chord ot ourva be1r1 aouth J5•40 1 05" W11t 306,01 toet, tha oantral angle ot ••id OUl:'V■ i• 32'08 1 56") to th• Bouthw•1tarly line of Lot 10 ot ■aid Block 563 1 thanca North 52'44 1 35" Wost along aaid Southw1 t•rly lina 329,53 t■•t1 thenoo North •J•21••s• W••t alon? ■aid oouthwuter.ty Una 1011,so f111t1 thonoo Nol:'th B3'.2J so• tut ◄ 2,59 1 f••~ to POINf or·ataxNNINOi thonoo continua North 0J•,23•50• ta11: 1 tut,• th1no1 Horth 16'06 15• Wa ■ t 9,74 Coat:1 thonoo Bouth U,001 . 1 73 53 45" W•~t 58,19 taat to Point ot Do9inninq, 13 Exhibit A- 1557-4 I 6 1/4/2018 Scale: 1 inch= 200 feet File: 229402VI.IMS-15_5"7'_-416 - Exhibit A_._nc:Jp Tract Data and Deed Calls: File= 229402WMS -1557-416 - Exhibit A.ndp Tract 01: 0.5574 Acres (24280 Sq. Feet). Closure: s89.2350e 1005.70 ft. (1/3), Perimeter=3039 ft. 1: n62.4400w 381.45 2: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 3: s26.4900w 311.07 4: curve right radius 603 arc 314.49 chord n47.4325w 310.93; pob 5: s59.3537w 6.24 6: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 7: n52.4435w 329.853 8: n43.2745w 109.50 9: n83.2350e 42.59 10: n73.5345e 58.19 11: s16.0615e 91.93 12: s52.4436e 251.51 13: s72.5552e 33.03 14: curve left radius 502.60 arc 265.66 chord n74.4410e 262.58 15: n59.3537e 6.24 16: curve left radius 603 arc 50.01 chord s30.2424e 50 Exhibit B - 1557-416 1/4/2018 Scale: 1 inch= 200 feet File: 229402WMS -1557-416- Exhibit B.ndp Tract Data and Deed Calls: File= 229402WMS -1557-416 - Exhibit B.ndp Tract 01: 0.5423 Acres (23624 Sq. Feet), Closure: s62.2754e 1788.95 ft. (1/2), Perimeter=2965 ft. Tract 02: 0.3752 Acres (16344 Sq. Feet), Closure: s80.2504e 1745.13 ft. (1/1), Perimeter-2350 ft. Tract 02: 0.3752 Acres (16344 Sq. Feet), Closure: s80.2504e 1745.13 ft. (1/1), Perimeter-2350 ft. 1: n62.4400w 381.45 2: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 3: s26.4900w 311.07 4: curve right radius 603 arc 314.49 chord n47.4325w 310.93 5: s59.3537w 6.24 6: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 7: n52.4435w 329.853 8: n43.2745w 109.50; pob 9: n83.2350e 36.54 10: n16.0615e 32.60 11: s73.5345w 11.68 12: n16.0615w 267.46 13: n17.1825e 287.62 14: s72.4135e 17 15: curve left radius 12 arc 27 .28 chord n42.1103e 21. 77 16: n22.5645w 45 ; point a 17:@0 18: n62.4400w 381.45 19: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 20: s26.4900w 311.07 21: curve right radius 603 arc 314.49 chord n47.4325w 310.93 22: s59.3537w 6.24 23: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 24: n52.4435w 329.853 25: n43.2745w 109.50; pob 26: n43.2745w 110 Exhibit C - 1557-416 1/4/2018 Scale: 1 inch= 200 feet File: 229402WMS - 1557-416 - Exhibit C.ndp Tract Data and Deed Calls: File= 229402WMS - 1557-416 - Exhibit C.ndp Tract 01: 0.0351 Acres (1530 Sq. Feet). Closure: s82.2026e 1617.24 ft. (1/1), Perimeter=2410 ft. 1: n62.4400w 381.45 2: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 3: s26.4900w 311.07 4: curve right radius 603 arc 314.49 chord n47.4325w 310.93 5: s59.3537w 6.24 6: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 7: n52.4435w 329.853 8: n43.2745w 109.50 9: n83.2350e 42.59 ; pob 10: n83.2350e 59 11: n16.0615w 9.74 12: s73.5345w 58.19 Exhibit A, B, C - MERGED - l 557-416 13 1/4/2018 Scale: 1 inch= 168 feet File: 229402WMS_-1557-41E5 - l=x~bit_f.. I:)_ C MERGED.ndp Tract Data and Deed Calls: File= 229402WMS -1557-416 - Exhibit ABC MERGED.ndp Tract 01: 0.557 4 Acres (24280 Sq. Feet), Closure: s89.2350e 1005. 70 ft. (1/3), Perimeter-3039 ft. Tract 02: 0.5423 Acres (23624 Sq. Feet), Closure: s62.2754e 1788.95 ft. (1/2), Perimeter-2965 ft. Tract 03: 0.3752 Acres (16344 Sq. Feet), Closure: s80.2504e 1745.13 ft. (1/1). Perimeter-2350 ft. Tract 04: 0.0351 Acres (1530 Sq. Feet). Closure: s82.2026e 1617.24 ft. (1/1), Perimeter-2410 ft. Tract 04: 0.0351 Acres (1530 Sq. Feet). Closure: s82.2026e 1617.24 ft. (1/1), Perimeter-2410 ft. 1 : n62.4400w 381 .45 2: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 3: s26.4900w 311.07 4: curve right radius 603 arc 314.49 chord n47.4325w 310.93; pob 5: s59.3537w 6.24 6: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 7: n52.4435w 329.853 8: n43.2745w 109.50 9: n83.2350e 42.59 10: n73.5345e 58.19 11: s16.0615e 91.93 12: s52.4436e 251.51 13: s72.5552e 33.03 14: curve left radius 502.60 arc 265.66 chord n74.4410e 262.58 15: n59.3537e 6.24 16: curve left radius 603 arc 50.01 chord s30.2424e 50 17: @O merged - exhibit b 18: n62.4400w 381.45 19: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 20: s26.4900w 311.07 21: curve right radius 603 arc 314.49 chord n47.4325w 310.93 22: s59.3537w 6.24 23: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 24: n52.4435w 329.853 25: n43.2745w 109.50; pob 26: n83.2350e 36.54 27: n16.0615e 32.60 28: s73.5345w 11.68 29: n16.0615w 267.46 30: n17.1825e287.62 31: s72.4135e 17 32: curve left radius 12 arc 27.28 chord n42.1103e 21.77 33: n22.5645w 45 ; point a 34:@0 35: n62.4400w 381 .45 36: curve left radius 302.48 arc 477.51 chord s72.0230w 311.08 37: s26.4900w 311.07 38: curve right radius 603 arc 314.49 chord n47.4325w 310.93 39: s59.3537w 6.24 Tract Data and Deed Calls: File= 229402WMS -1557-416 - Exhibit ABC MERGED.ndp 40: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 41: n52.4435w 329.853 42: n43.2745w 109.50 ; pob 43: n43.2745w 110 44: @O merged - exhibit c 45: n62.4400w 381.45 46: curve left radius 302.48 arc477.51 chord s72.0230w 311.08 47: s26.4900w 311.07 48: curve right radius 603 arc 314.49 chord n47.4325w 310.93 49: s59.3537w 6.24 50: curve right radius 552.60 arc 310.06 chord s75.4005w 306.01 51: n52.4435w 329.853 52: n43.2745w 109.50 53: n83.2350e 42.59; pob 54: n83.2350e 59 55: n16.0615w 9.74 56: s73.5345w 58.19
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