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• <br /> PUBLIC ART DONATION AGREEMENT <br /> THIS PUBLIC ART DONATION AGREEMENT (hereinafter referred to as this"Agreement") <br /> is made this day of , 2019, by and between the CITY OF SUNNY ISLES BEACH, <br /> Florida, (hereinafter referred to as "City"), and PMG-S2 Sunny Isles, LLC, a foreign limited liability <br /> company(hereinafter referred to as "Owner"). <br /> RECITALS <br /> WHEREAS, Owner wishes to donate to the City a customized version of a work of art entitled <br /> "Meditation", which is more specifically described in Attachment A and referred to herein as the <br /> "Artwork"; <br /> WHEREAS, the Artwork is a customized version of a one of a kind sculpture, which has <br /> commissioned by Owner and to be prepared by artist, Seo Young-Doek("Artist"); <br /> WHEREAS, Owner wishes to donate the Artwork in satisfaction of the Art in Public Places <br /> requirements of Chapter 104 of the City Code(the"Art Requirements") "Muse"Muse Project at 17141 Collins <br /> Avenue, Sunny Isles Beach,Florida(the"Muse Project"); <br /> WHEREAS, the Muse Project was approved under Resolution No. 12-Z-132 and No. 14-Z-140 <br /> adopted by the City on November 15, 2012 and July 17, 2014("Resolution"); <br /> WHEREAS,Owner has complied with the review process of the Public Arts Advisory Committee <br /> and the Project has complied with the requirements of Chapter 104 of the City Code; <br /> WHEREAS, City agrees to accept the donation under the terms and conditions herein and <br /> acknowledges and agrees that such acceptance satisfies any and all Art Requirements of Owner with <br /> respect to the Muse Project: <br /> NOW THEREFORE, in consideration of the promises and the mutual covenants herein named, <br /> the parties agree as follows: <br /> 1. RECITALS. The Recitals set forth above are hereby incorporated into this Agreement and made a <br /> part hereof for reference. <br /> 2. DONATION AND ACCEPTANCE. Owner hereby conveys by donation the Artwork, together <br /> with its legal title, and the City hereby accepts the donation of the Artwork under the terms, qualifications <br /> and conditions as set forth in the Agreement. Owner intends by this donation to relinquish all legal claim <br /> of right to title to the Artwork. Owner acknowledges that, by the City's acceptance pursuant to this <br /> Agreement, the City shall become the sole titleholder to said Artwork. The City acknowledges and agrees <br /> that once Owner has satisfied the terms of this Agreement,Owner has satisfied any and all Art Requirements <br /> of Owner with respect to the Muse Project. <br /> 3. WARRANTY OF TITLE. Owner certifies that the Artwork is a customized version of a work of <br /> art created by the Artist. Owner warrants that the Artwork is free of encumbrances and, to Owner's <br /> knowledge, it is not subject to any claims of royalties (other than by Artist), or copyright or trademark <br /> infringement. <br /> 4. DEFECT WARRANTY. Owner warrants that, to Owner's knowledge, the Artwork shall be free <br /> of defects in material and workmanship before the Artwork is installed on City property. If any defect is <br /> Public Art Donation Agreement <br />