Okaloosa County BOCC — January 6, 2015 — bel aire amned

AMENDMENT TO INFRASTUCTURE FUNDING AGREEMENT THIS AMENDMENT TO INFRASTRUCTRE FUNDING AGREEMENT (‘Amendment”) is made and entered into as of the day of , 2015, by and between 32531 | Realty Partners, LLC d/b/a Bel Aire Terrace Apartments (“‘Realty Partners [") and 32531 Il Realty Partners, LLC a/k/a Bel Aire Heights (‘Realty Partners II") and Okaloosa County, Florida (the “County”). RECITALS A Realty Partners | and Realty Partners Il entered into that certain Infrastructure Funding Agreement ("Agreement") dated as of February 6th, 2007 which Agreement provided, in part, for certain capacity to be reserved for the Crestview North and Crestview South properties, as more particularly described in the Agreement. B. Realty Partners I, Realty Partners Il and the County desire o extend the time of vesting of such capacities, and modify and amend certain terms and provisions of the Agreement, as hereinafter set forth. NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Realty Partners |, Realty Partners Il and the County agree as follows: 1. Recitals. The Recitals to this Amendment are true and correct and are hereby incorporated by reference and made a part hereof. 2. Defined Terms. Any defined terms utilized herein but not defined in this Amendment shall have the meaning subscribed to said terms in the Agreement. 3. Capacity To Be Reserved. Section 4.7 of the Agreement is amended by deleting the first sentence of the last paragraph, and replacing it with the following: “These trips will be vested for a period of fifteen (15) years from the effective date of this Agreement.” 4. Notices. Section 6.3 of the Agreement is amended to replace the notice addresses for Realty Partners | and Realty Partners |l with the following: To Realty Partners | and Realty Partners Il: 1831 S.W. 7" Avenue Pompano Beach, FL 33602 Attn: Karl Davis With a copy to: Frank, Weinberg & Black, P.L. 7805 S.W. 6" Court Plantation, FL 33324 Attn: Steven W. Deutsch, Esq. 5. Ratification. Except as herein modified, the parties hereby ratify and reaffirm all of the terms and provisions of the Agreement. To the extent of any conflict between the terms and provisions of the Agreement and this Amendment, the terms and provisions of this Amendment shall control. 8. Counterparts. This Amendment may be executed in counterparts by the parties hereto and each of them considered an original as far as the parties are concerned but together said counterparts shall comprise only one agreement. [Signatures appear on following page] IN WITNESS WHEREOF, Realty Partners [, Realty Partners |l and the County have caused this Amendment to be executed as of the date and year first above. Signed, sealed, and delivered in the presence of: Print Name: Print Name: Tt 7 Print Name: "‘77/.% .3 M (m/fil/ Print Name; 77w SA L4 ity 47 Print Name/’f/lflmn pr_bpdup/ PrintName: 7. .. SA o, & fn Amendment {Execution) Okaloosa County, Florida, a political subdivision of the State of Florida By: Name: Title: Chairman Date Executed: , 2015 32531 | Realty Partners, LLC, a Florida limited liability company By: W Name: Karl Davis Title: Manager Date Executed: Qee. S/ , 2014 32531 Il Realty Partners, LLC, a Florida limited liability company By: M Name: Karl Davis Title: Manager Date Executed: hu 5( , 2014