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GRAYIROBINSON ATTORNEYS AT LAW 305 -913 -0537 BRADLEY.GOUL OGR.AY- ROBINSON.COM Hernan and Maria A. Garica c/o Maria A. Garcia 16909 North Bay Road, Unit 4801 Sunny Isles Beach, FL 1221 BRICKELLAVENUE SurrE 1600 Munn, FL 33131 TEL 305 -416 -6880 FAx 305- 416 -6887 BOCA BATON FORT LAUDERDALE JACKSONVILLE KEY WEST LAKELAND MELBOURNE MIAMI NAPLES ORLANDO September 30, 2014 TALLAHASSEE TAMPA Re: City of Sunny Isles Beach v. Plaza of the Americas Acquisition of Property for Pedestrian Overpass Bridge for Gateway Park Owner of Unit 801 in Building 1, Plaza of the Americas Dear Mrs. Garcia: It was a pleasure speaking with you yesterday regarding the acquisition of a portion of the common area of the Plaza of the Americas by the City of Sunny Isles Beach ( "City) for its Pedestrian Overpass Bridge for the Gateway Park ("Project') . Please allow this letter to serve to confirm the settlement reached with Hans Ottinot, City Attorney, and myself regarding your objections to the proposed acquisition and/or appraised value of the property. The terms ofthe settlement are as follows: 1. Compensation: Hernan and Maria Garcia ( "Owners ") will receive from the City the sum of FIVE THOUSAND DOLLARS (5,000.00) in full settlement of all claims for compensation arising from or in any way related to the taking and /or acquisition of the common area of the Plaza of the Americas ( "Property "), which is described on Exhibit A attached hereto, within thirty days (30) of receipt by the City of the executed letter. 2. Unit Owner's Interest: In exchange for receipt of the compensation set forth in Paragraph 1 above. Owners (a) withdraw their objections to the Citv's proposed acquisition and appraised value of the Property; (b) convey their interest as a unit owner in the Property and (c) disclaim all rights Owners have under Florida Law with regard to the condemnation of the Property. 3. Miscellaneous. This Agreement constitutes the entire agreement between the parties for the taking and/or acquisition of the Property; and supersedes any other agreement or understanding of the parties with respect to the matters herein contained. This .Agreement may not be changed, altered or modified except in %vriting signed by the party against whom enforcement of such a change would be sought. This Agreement shall be binding upon the parties hereto and their respective successors and assigns. www.gray- robinson.com