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1. Intent. In connection with the Resolution, which approved Application No. <br /> Z2005-11 (the"Application"),thus modifying the site plan approved by the 2004 Resolution and <br /> granting a setback variance to allow development of a 45 story 232-unit condominium project to <br /> be known as"Paramount Beach" (the"Project"), the Owner has agreed to the granting of certain <br /> easement rights, as more particularly set forth herein, and has agreed to be bound by certain <br /> covenants,restrictions and obligations with respect to the Property. <br /> 2. Grant of Easement. Owner does hereby grant and convey to the City the <br /> following non-exclusive easements (collectively, the "Easements"): (i) a fifteen foot (15') wide <br /> beach access easement located on the northern edge of the Property, exactly as described in the <br /> attached Exhibit "B" (the "North Beach Access Easement" or the "Primary Beach Access <br /> Easement"); (ii)a fifteen foot(15')wide beach access easement along the south property line, <br /> exactly as described in the attached Exhibit "C"(the "South Beach Access Easement"); the two <br /> beach access easements shall collectively be referred to as "the Beach Access Easements." The <br /> Beach Access Easements shall be for pedestrian ingress to and egress from Collins Avenue to the <br /> public beach on the northernmost and southernmost ends of the Property and shall be designed <br /> exactly as shown on the Site Plan and as represented by the Applicant and recommended by staff <br /> to the Sunny Isles Beach City Commission at the public hearing held on April 11,2006; (iii)The <br /> Beach Access Easements maybe used for vehicular ingress and egress for fire, police, health, <br /> sanitation and other public service personnel and vehicles employed and utilized by the City over <br /> the driveways and pathways as they may exist from time to time; (iv) a ten-foot (10') <br /> landscaping streetscape easement pursuant to the City Streetscape Master Plan, exactly as <br /> described on the attached Exhibit"D" (the "Streetscape Easement"), and (v)the 10,000 square <br /> foot public oceanfront park easement exactly as described on the attached Exhibit "E" (the <br /> "Oceanfront Park") The Beach Access Easements and Oceanfront Park shall be fully accessible <br /> to the public on a twenty-four (24) hour basis, and shall be clearly designated by means of <br /> signage approved in writing by the City Manager or its designee, as amenities open to all <br /> members of the public. <br /> 3. Design, Construction,Maintenance,Insurance and Restoration of Easements <br /> and Improvements. <br /> (A) Design and Construction. <br /> Owner and its successors and assigns or any condominium or master owners' association <br /> managing the common areas of the Property, shall have the exclusive right to design, build, <br /> furnish and maintain any and all improvements not shown on the site plans approved by the <br /> Resolution (including but not limited to landscaping, irrigation and lighting) located within the <br /> Easements, subject to the approval of the City Manager, in his sole and reasonable discretion. <br /> The design of any and all materials to be used and of any and all improvements within the <br /> Easements shall be presented to the City for its approval prior to construction of such <br /> improvement,which approval shall not be unreasonably withheld or delayed. The Beach Access <br /> Easements shall be paved, and shall contain lighting. The Beach Access Easements and the <br /> Oceanfront Park shall be fully landscaped and equipped with public amenities including,but not <br /> limited to, the inclusion of one foot shower, one regular shower, one bench and one water <br /> fountain on the North Beach Access Easement and one bench on the South Beach Access <br /> Easement (the "Public Amenities"), the location, design and construction of which shall be <br /> 2 <br /> Paramount Declaration of Restrictions&Grant of Easement <br /> Book25500/Page2305 CFN#20070334642 Page 2 of 24 <br />