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This instrument prepared by <br />and return to: <br />Ana R. Craft, Esquire <br />School Board Attorney's Office <br />1450 NtE 2nd Avenue, #430 <br />Miami. FL 33132 <br />PUBLIC SCHOOL CONCURRENCY PROPORTIONATE SHARE <br />MITIGATION DEVELOPMENT AGREEMENT <br />THIS PUBLIC SCHOOL CONCURRENCY PROPORTIONATE SHARE <br />MITIGATION DEVELOPMENT AGREEMENT ("Agreement "), is made and <br />entered this day of by and between THE <br />SCHOOL BOARD OF NIIAi1il -DADS COUNTY, FLORIDA, a body corporate and <br />political subdivision of the State of Florida, hereinafter referred to as "School Board" or <br />"School District," whose address is 1450 NE 2 N Avenue, Miami, Florida 33132: CITY <br />OF SUNNI' ISLES BEACH, a municipal corporation of the State of Florida, hereinafter <br />referred to as "City," whose address is 1 5070 Collins Avenue, Sunny Isles Beach, Florida <br />331% and PMG -S2 SUNNI' ISLES, LLC, a Delaware Limited Liability Company, <br />hereinafter referred to as "Applicant," whose address is 1441 Brickell Avenue, Suite <br />1510, 114iami, Florida 33131, collectively referred to herein as the "Parties." <br />RECITALS: <br />WHEREAS, the Applicant (also referred to herein as "Property Owner ") is the <br />fee simple owner of that certain tract of land (Folio it 3 1 22 1 1 00401 1 0) located in the <br />City, more particularly described on Exhibit "A ", attached hereto and incorporated <br />herein (the "Property "). The location of the Property described in Exhibit "A" is <br />SCHOOL BOARD /Proportionate Share Mitigation Agreement for Muse (SP3114053000892) Pagel of 26 <br />Revised 12 -02 -2014 — <br />Exhibit "A" <br />