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HomeMy WebLinkAboutVI (C) Lake Bennet Centre Developer's Agreement AGENDA 4-4-95 "CENT R OF GOOD LIVING - PRIDE OF WEST ORANGE" Item VI C O� I COMMISSIONERS • •••• 10 O. CITY OF OCOEE RUSTY JOHNSON • PAUL IN.FOSTER Co O 150 N.LAKESHORE DRIVE SCOTT A.GLASS f� AL1 r./ OCOEE,FLORIDA 34761-2258 JIM GLEASON (407)656-2322 CITY MANAGER jJ f'P ek Of Gp0v ELLIS SHAPIRO SRP-488 STAFF REPORT DATE: March 29, 1995 TO: The Honorable Mayor and City Commissioners FROM: Russ Wagner, Director of Planning 0711. SUBJ: Lake Bennet Centre Developer's Agreement ISSUE: Should the Honorable Mayor and City Commissioners approve a new Lake Bennet Centre Developer's Agreement to replace the existing Agreement? BACKGROUND: The Lake Bennet Centre property is located north of S.R. 50 and east of Lake Bennet . The existing Lake Bennet Centre Developer' s Agreement was approved on August 19, 1986 (attached) . At that time, the property had just been annexed and rezoned to C-2 , Community Commercial District . Since the owners had no specific plans for the property, the City required the execution of a Developer's Agreement to help guide any future development of the property. On November 1 , 1994, the City Commission approved a Preliminary Subdivision Plan (PSP) for the property which included certain amendments to the original Agreement that were based upon a specific plan of development . Condition of Approval No. 11 within the Preliminary Subdivision Plan required the developer to revise the existing Lake Bennet Centre Developer's Agreement prior to Final Subdivision Plan approval in order to evidence these changes and include any other legal requirements as specified by the City Attorney. Due to complexity of these changes as well as phasing requirements proposed by the Developer, the City Staff and City Attorney determined that an entirely new Developer's Agreement was the most practical means to accurately reflect the revised conditions under which the project could develop. Lake Bennet Centre Developer 's Agreement March 29, 1995 Page 2 DISCUSSION: The major provisions of the proposed Lake Bennet Centre Developer's Agreement as related to the PSP are summarized as follows : o A detailed phasing plan is identified and correlated with definitions of various improvements to be constructed within each phase. o Phase 1A provides for the paving of Blackwood Avenue 780 ' north of S.R. 50 , improvements to the existing traffic signal at S.R. 50 , and the paving of internal roadways within the project . o Phase 1B includes the connection of a single right-in/ right-out entry onto S.R. 50 and the construction of a median separator. o Phase 2 provides for the paving of Maine Street over to the western boundary of the project . o Rights-of-way for S.R. 50 , Blackwood Avenue and Maine Street will be dedicated to the City upon 90 days written notice or at platting. o The Tract "A" lift station site, to be conveyed to the City, is proposed to be relocated to a parcel north-east of Blackwood Avenue. o The Tract "B" retention pond and conservation area which accommodates the roadway drainage from Blackwood Avenue and Maine Street will be dedicated to the City. o The provisions within the original Agreement pertaining to impact fee credits for the paving of Blackwood Avenue (California) and Maine Street have been clarified. o Water main extension pay-back provisions have been clarified. o Setbacks from Lake Bennet and Maine Street are specified per the PSP, and landscape buffers along Lake Bennet may be constructed at the time of individual lot development . Lake Bennet Centre Developer 's Agreement March 29, 1995 Page 3 o Lot 8 would be incorporated within Phase One and could be split to form another lot (Lot 9) . o Various concurrency provisions are included to acknowledge the purchase of a Transportation Capacity Reservation Certificate by the developer without guarantee of a Final Certificate of Concurrency for individual lots . o The developer would be permitted to submit Final Subdivision Plans for the entire development and could plat the entire project ahead of issuance of a Final Certificate of Concurrency since individual Certificates will be issued at Final Site Plan approval for each lot within the development . STAFF RECOMMENDATION: Staff respectfully recommends that the Honorable Mayor and City Commissioners approve the new Lake Bennet Centre Developer 's Agreement by and between ZOM LAKE BENNET, LTD. and the CITY OF OCOEE and authorize the Mayor and City Clerk to execute the Agreement on behalf of the City. RBW/emk Attachment cc: Project File #93-010 LAKE BENNET CENTRE • DEVELOPER' S AGREEMENT DEVELOPER'S AGREEMENT, made this 1CA. . day of August, 1986 , by and between MILTON W. DEARISO and MARJORIE DEARISO ( jointly hereafter referred to as "Owner" ) and the CITY OF OCOEE, a munic- ipal corporation existing under the laws of the State of Florida (hereinafter called the "City" ) . W I T N E S S E T H: WHEREAS, Owner is the record titleholder of approximately 35 .71 acres of land lying in the City of Ocoee east of Lake Bennet and adjacent to the north side of State Road 50 , said property 'being more particularly described in the attached Exhibit "A" ( the "Property" ) ; and WHEREAS, by City ordinance #864 , dated the 7th day of January, 1986, the City did annex the Property into the City limits of Ocoee; and WHEREAS, the City is presently contemplating the amendment of its Comprehensive Plan to designate the use of the Property for commercial purposes and to amend its zoning ordinance con- sistent with such land use designation; and WHEREAS, as a condition to such Comprehensive Plan amendment and rezoning, the parties have agreed to certain terms and condi- • tions that will assist in regulating the development and use of the Property for the mutual benefit of the parties , adjacent landowners and the community in general . NOW THEREFORE, in consideration of the premises and as a condition to the amendment of the City Comprehensive Land Plan and rezoning of the Property to C-2 , Community Commercial District, the parties agree as follows : 1. The Owner shall submit a subdivision plat of the Property dedicating to the City thirty feet ( 30 ' ) for road right- of-way along the north side of the Property and thirty-five feet (35 ' ) for road right-of-way along the east side of the Property. Such dedication shall be at the sole cost of the Owner and shall be documented by warranty deed to the City in form and substance satisfactory to the City and its attorney. In addition, Owner shall provide the City with a title opinion or a title insurance policy evidencing the unencumbered ownership of such right-of-way. 2. Prior to or contemporaneously with the issuance by the City of building permits on the Property having a cumulative square footage of 20 , 000 sq./ft . or more: (A) The Owner shall improve California Avenue along the Property 's east boundary line and Maine Street along the north boundary line to two lane paved roads in accordance with • standards of the City. When and if building permits are issued by the City for land (other than the Property) fronting on either California Avenue or Maine Street, the City shall reimburse to Owner that portion of Owner ' s construction cost in improving - 2 - . California Avenue and Maine Street calculated as follows : the portion to be reimbursed to Owner shall be fifty percent ( 50% ) of Owner 's total construction cost. (as evidenced by its completed road construction contracts for both California Avenue and Maine Street) multiplied by a ratio, the numerator of which shall be the number of front feet on California Avenue or Maine Street in the land parcel for which a building permit is being issued and the denominator of which shall be the total number of front feet of land fronting on California Avenue and Maine Street across from the Property. The City ' s reimbursement obligation to Owner hereunder shall apply for a term of five ( 5 ) years from the date said road construction improvements are completed. In the event the City adopts a citywide transportation • impact fee ordinance, the Owner shall be entitled to a credit against any, road impact fees otherwise required under such ordi- nance for an amount equal to fifty percent ( 50% ) of the cost of constructing the road improvements to Maine Street and California Avenue required hereunder ( exclusive, however, of the cost of improvements to California Avenue' within 100 feet of its intersection with Highway 50 ) . (B) The Owner shall contribute twenty-five percent ( 25% ) of the cost of signalization of the proposed intersection • of State Road 50 and California Avenue at such time as a warrant is issued by the Florida Department of Transportation. 3 . If required by the Owner for development of the Prop- erty, Owner shall pay the full initial the cost of extending a - 3 - water line easterly along the northerly right-of-way of Highway 50 to the boundary of the Property in a size adequate to service the projected development and future system expansion as speci- fied by the City. To the extent it is reasonably within the control of the City, City shall cooperate in attempting to reim- burse to Owner a portion of its cost from connection fees or other assessments levied upon other landowners and developers who may benefit from the extended water line within five ( 5) years from the date of such extension. The intent of the parties as evidenced in this paragraph shall be the subject of a further water line extension and reimbursement agreement to be mutually agreed upon by the parties . 4 . All buildings on the Property shall be set back from the north boundary of the Property and the normal high water line of Lake Bennet a minimum of one hundred feet ( 100 ' ) . • 5 . Prior to the issuance of any certificate of occupancy for improvements on the Property, the Owner shall complete, to the City's satisfaction, an irrigated professionally designed landscaped buffer-bordering the north property line and the Lake Bennet shoreline . Said buffer shall be at least seventy-five feet (75 ' ) in depth and shall be comprised of existing vegetation and supplemented with vegetation and berming to enhance the natu- . ral beauty of the area. Water retention and detention facilities may be located within said buffer areas as approved by the City engineer . - 4 - • 6_ Development of Lake Bennet Centre , including site plans , building set-backs (other than as stated in paragraph 3 ) , building plans and other permits or approvals shall be in compli- ance with all City and State ordinances and regulations and shall be reviewed with specific attention to the following issues : (A) In addition to access from the Property to Maine Street and California Avenue, Owner shall have only two ( 2 ) entrances from the Property directly to State Road 50 . (B) Owner shall make every reasonable effort to pre- serve the existing oak hammock in the northwest corner of the Property and incorporate it into the landscaped buffer area. This Agreement shall be binding upon the Owner , its successors and assigns as owners of all or any portion of the Property. The terms , conditions and restrictions contained herein shall be specifically enforceable by the successors or assigns of the Owner or by the City of Ocoee. 7 . This Agreement shall be recorded in the Public Records - of Orange County, Florida at Owner ' s expense and shall constitute a covenant running with the land. However , nothing contained herein shall limit the right of the City to prescribe other con- ditions on the development in accordance with applicable City . ordinances and land regulations in effect at the time of develop- ment . 8 . Upon satisfaction of the conditions set forth herein, the City shall , upon request by Owner or its successors , execute - 5 - • a document in recordable form acknowledging the completion and/or satisfaction of the conditions contained herein. Recording of such a document in the Public 'Records of Orange County shall serve to cancel and terminate of record this Agreement, which shall thereafter be of no further force or effect . Unless so cancelled, this Agreement shall be perpetual in duration . 9 . This Agreement and provisions contained herein shall be controlled and interpreted in accordance with the laws of the State of Florida. IN WITNESS WHEREOF, . the Owner has executed this Agreement for the purposes stated herein on the day and year first above written. OWNER: e f � , MILTON . DEARISO //71A / 01.12.-e MARJRIE DEARISO • CITY OF EE • „vet%) 44%, STATE OF FLORIDA COUNTY OF ) S . S . : The regoing instrument was acknowledged before me this ltf� day of LLQ L�� , 1986, by MILTON W. DEARISO and MARJORIE IE CQc Loak . NOTARY PUBLIC My commission expires : Notary Public State of Florida of Cara! My Con rnissian expires April 25, 1989 • — 6 - STATE OF FLORIDA ) S.S. . _ _._.... COUNTY OF ) Th- oregain• instrument was acknowledged before me this 0day of V , 1986 , by • l.01 tak t,0 NO ARY PUBLIC My commission expires : Notary Public State of Florida at Carie , M, CJmmission expires April 25, 1989, 5740JGW-5H - 7 THIS INSTRUMENT PREPARED BY: Steven W. Zelkowitz, Esq. Assistant City Attorney FOLEY &LARDNER 111 North Orange Avenue, Suite 1800 Post Office Box 2193 Orlando, FL 32802-2193 (407)423-7656 PLEASE RETURN TO: Jean Grafton, City Clerk City of Ocoee 150 N. Lakeshore Drive For Recording Purposes Only Ocoee, Florida 34761 LAKE BENNET CENTRE DEVELOPER'S AGREEMENT THIS LAKE BENNET CENTRE DEVELOPER'S AGREEMENT(this "Agreement") is made and entered into as of the day of , 1995 by and between ZOM LAKE BENNET, LTD., a Florida limited partnership, whose mailing address is 2269 Lee Road, Suite 101, Winter Park, Florida 32789, (hereinafter referred to as the "Owner") and the CITY OF OCOEE, a Florida municipal corporation, whose mailing address is 150 North Lakeshore Drive, Ocoee, Florida 34761 (hereinafter referred to as the "City"). WITNESSETH: WHEREAS, the Owner owns fee simple title to certain lands located in Orange County, Florida and within the corporate limits of the City of Ocoee located east of Lake Bennet and adjacent to the north side of State Road 50, said lands being more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as the "Property"); and WHEREAS, the City and the Owner's predecessor-in-title to the Property entered into that certain unrecorded Lake Bennet Centre Developer's Agreement dated August 19, 1986 (the "Existing Lake Bennet Centre Developer's Agreement"); and WHEREAS, on November 1, 1994, the City Commission of the City of Ocoee, Florida (the "City Commission") approved the Preliminary Subdivision Plan (as defined below) for the Property; and WHEREAS, Condition of Approval No. 11 of the Preliminary Subdivision Plan requires the amendment of the Existing Lake Bennet Centre Developer's Agreement to (i) evidence the proposed amendments thereto as shown on Sheet 5 of the Preliminary Subdivision Plan, (ii) include all other requirements specified by the City Attorney to ensure proper legal form, and (iii) incorporate the Conditions of Approval as shown on Sheet 5 of the Preliminary Subdivision Plan; and WHEREAS, the Owner and the City desire to terminate, rescind and repeal in its entirety the Existing Lake Bennet Centre Developer's Agreement; and WHEREAS, the Owner and the City desire to execute this Agreement in order to comply with the requirements of Condition of Approval No. 11 of the Preliminary Subdivision Plan and the Ocoee Land Development Code. NOW, THEREFORE, in consideration of the premises and other good and valuable considerations exchanged between the parties hereto, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Section 1. Recitals. The above recitals are true and correct and are incorporated herein by this reference. Section 2. Definitions. A. "Preliminary Subdivision Plan" shall mean and refer to the Preliminary Subdivision Plan for Lake Bennet, Sheets 1 through 5, inclusive,prepared by Hollis Engineering, Incorporated and signed and sealed by Phillip C. Hollis, P.E. under date of October 19, 1994, as approved by the City Commission on November 1, 1994. B. "Phase 1A" shall mean and refer to Lots 1, 2, 5, 6, and 8 of the Property as shown on the Preliminary Subdivision Plan. C. "Phase 1W' shall mean and refer to Lots 3 and 4 of the Property as shown on the Preliminary Subdivision Plan. D. "Phase 2" shall mean and refer to Lot 7 of the Property as shown on the Preliminary Subdivision Plan. E. "Phase lA Improvements" shall mean and refer to the roadway improvements shown on the Preliminary Subdivision Plan for Blackwood Avenue for a distance of approximately seven hundred eighty feet (780') to the north of said intersection including traffic signal modifications at the intersection thereof with State Road 50, together with Streets A and B as shown on the Preliminary Subdivision Plan, and any improvements to State Road 50 required to permit the connection and extension of Blackwood Avenue which are shown on the Preliminary Subdivision Plan as well as all stormwater management, utility and other infrastructure improvements as shown on the Preliminary Subdivision Plan or otherwise required by the Ocoee Land Development Code 2 necessary for the development of Phase 1A including, but not limited to the construction of a portion of the Water Line (as defined below) pursuant to the terms of Section 6(F) hereof excluding, however, any improvements set forth in the definition of the Phase 1B Improvements as defined in Section 2(F) hereof. F. "Phase 1B Improvements" shall mean and refer to the roadway improvements which are necessary to physically connect Street B with State Road 50, and the improvements and modifications to State Road 50 which would be required for the connection of Street B with State Road 50 including a median separator as required by the Florida Department of Transportation as well as all stormwater management, utility and other infrastructure improvements as shown on the Preliminary Subdivision Plan or otherwise required by the Ocoee Land Development Code necessary for the development of Phase 1B. G. "Phase 2 Improvements" shall mean and refer to the remainder of the roadway improvements to Blackwood Avenue from the end of the portion of Blackwood Avenue which is within the Phase lA Improvements as shown on the Preliminary Subdivision Plan, as well as the roadway improvements to Maine Street as shown on the Preliminary Subdivision Plan as well as all stormwater management, utility and other infrastructure improvements as shown on the Preliminary Subdivision Plan or otherwise required by the Ocoee Land Development Code necessary for the development of Phase 2 including, but not limited to the construction of a portion of the Water Line pursuant to the provisions of Section 6(F) hereof. H. "Water Line" shall mean that certain twelve inch (12") water line extending from State Road 50 northerly along Street B to Maine Street and as more particularly described in Section 6(F). Section 3. Repeal of Existing Lake Bennet Centre Developer's Agreement. The Existing Lake Bennet Centre Developer's Agreement as it relates to the Property is hereby terminated, rescinded and repealed in its entirety. Section 4. Development of the Property. A. Except as may otherwise be set forth in this Agreement, the Owner hereby agrees to develop the Property in accordance with the Preliminary Subdivision Plan and the Final Subdivision Plan which shall incorporate revisions to the Preliminary Subdivision Plan as required by this Agreement. 3 B. The Owner hereby agrees that the Property shall be developed in accordance with and is made subject to those certain Conditions of Approval attached hereto as Exhibit "B" and by this reference made a part hereof (the "Conditions of Approval"). Except as otherwise set forth herein, the Owner further agrees to comply with all of the terms and provisions of the Conditions of Approval. The Conditions of Approval attached hereto as Exhibit "B" are the same Conditions of Approval set forth on Sheet 5 of the Preliminary Subdivision Plan. Notwithstanding the foregoing, in the event of any conflict between this Agreement and the Conditions of Approval, it is agreed that this Agreement shall prevail and control and shall supersede the conflicting Condition of Approval. Section 5. Right-of-Way. Lift Station and Stormwater Retention Pond Dedications. Upon the earlier of(a) the platting of any Phase of the Property or (b) ninety (90) days written notice from the City, the Owner shall convey and dedicate to the City (i) thirty feet (30') for road right-of-way along the north side of the Property adjacent to Maine Street (if necessary to create a sixty foot (60') right-of-way for Maine Street; (ii) forty-five feet (45') for road right-of-way along the east side of the Property; provided, however, that notwithstanding the foregoing, the road right-of-way to be dedicated by the Owner along the east side of the Property shall taper from forty-five feet (45') at a point five hundred and twenty feet (520') north of the existing northerly right-of-way line of State Road 50 to a width of fifty-five feet (55') at said northerly right-of-way line of State Road 50; (iii) twenty-five (25') for road right- of-way along the south side of the Property adjacent to State Road 50; and (iv) Tract "A" (Lift Station Site) and Tract "B" (Stormwater Retention Pond) as shown on the Preliminary Subdivision Plan or as modified in accordance with Section 11 herein. Such dedication shall be at the sole cost of the Owner and shall be documented by a warranty deed to the City in form and substance satisfactory to the City;provided, however, with regard to the dedication set forth in subparagraph (i) hereof, in the event such right-of-way has been previously dedicated to the public, the Owner shall provide a quit claim deed for such road right-of-way and a title opinion that such land has been dedicated as a public right-of-way. In addition, the Owner shall provide the City with a title opinion or a title insurance policy evidencing the unencumbered ownership of such lands or the appropriate releases. Neither the Owner nor any person or entity shall be entitled to any road impact fee credits or other compensation with respect to the conveyance to the City of the road right-of-way, Tract "A" (Lift Station Site) and Tract "B" (Stormwater Retention Pond) as set forth above. Section 6. Construction of Improvements: Road Impact Fee Credits. A. Prior to the issuance of any building permit for any portion of the Property, the Owner shall be required to construct, install and complete a stabilized road bed in accordance with the standards and requirements of the City and receive all applicable permit approvals from the Florida Department of Environmental Protection, the St. Johns River Water Management District, and/or the Florida Department of Transportation for the Phase lA Improvements; provided, however, that no certificate of occupancy shall be issued pursuant to such building permit until the Phase lA Improvements are completed and accepted by the City 4 and a Certificate of Completion issued in accordance with the requirements of the Land Development Code. B. Prior to the issuance of any building permit for Lot 3 or Lot 4, the Owner shall be required to construct, install and complete a stabilized road bed in accordance with the standards and requirements of the City and receive all applicable permit approvals from the Florida Department of Environmental Protection, the St. Johns River Water Management District, and/or the Florida Department of Transportation for the Phase 1B Improvements; provided, however, that no certificate of occupancy shall be issued pursuant to such building permit until the Phase 1B Improvements are completed and accepted by the City and a Certificate of Completion issued in accordance with the requirements of the Land Development Code. C. Prior to the issuance of any building permit for Lot 7, the Owner shall be required to construct, install and complete a stabilized road bed in accordance with the standards and requirements of the City and receive all applicable permit approvals from the Florida Department of Environmental Protection, and/or the St. Johns River Water Management District for the Phase 2 Improvements; provided, however, that no certificate of occupancy shall be issued pursuant to such building permit until the Phase 2 Improvements are completed and accepted by the City and a Certificate of Completion issued in accordance with the requirements of the Land Development Code. D. In consideration of Owner's performance of its obligations set forth in Section 6(A) through (C), inclusive, the Owner shall be entitled to a credit against road impact fees required under Chapter 87 of the Code of Ordinances of the City of Ocoee (the "Road Impact Fee Ordinance") with regard to the Property in an amount equal to fifty percent (50%) of the Owner's total actual construction costs (including reasonable design, permitting and engineering costs) for the completed (and accepted by the City) Phase lA and 1B roadway improvements (excluding however, the roadway improvements to Streets A and B or the • roadway improvements to Blackwood Avenue within one hundred feet (100') of State Road 50 or roadway improvements to State Road 50 itself) and the completed (and accepted by the City) Phase 2 roadway improvements, provided, however, that the total road impact fee credits granted hereunder shall not exceed the amount of the road impact fees assessed against the Property pursuant to the Road Impact Fee Ordinance. The Owner shall submit to the City's Development Review Committee("DRC") satisfactory documentation to support any road impact fee credits pursuant to this Section, and the actual amount of the road impact fee credit shall thereafter be determined by the DRC based upon a review of such satisfactory documentation in the manner provided by the Road Impact Fee Ordinance. Such road impact fee credits shall be awarded to ZOM Lake Bennet, Ltd. and not to any subsequent owner of the Property or any portion thereof unless or until ZOM Lake Bennet, Ltd. shall have assigned its right to all or a portion of such road impact fee credits to successor owner(s) of the Property. E. The Owner shall contribute the greater of (i) twenty-five percent (25%) of the cost of the existing signalization at the intersection of State Road 50 and Blackwood 5 Avenue or (ii) one hundred percent (100%) of the cost of the modification of the signalization as the warrant therefore may be issued by the Florida Department of Transportation. Said contribution shall be determined by the City and shall be paid to the City by the Owner prior to or at the time of platting of any Phase of the Property. F. In connection with the development of the Property, the Owner shall pay the full initial cost of the construction, installation and completion of a twelve inch (12") water line from State Road 50 northerly along Street B and extending north to Maine Street (the "Water Line"). The portion of the Water Line extending from State Road 50 northerly along Street B and terminating at the southern boundary line of Lot 6 shall be constructed, installed and completed contemporaneously with the Phase 1A Improvements. The portion of the Water Line extending from the southern boundary line of Lot 6 northerly to Maine Street shall be constructed, installed and completed contemporaneously with the Phase 2 Improvements. G. The Owner shall provide the City with computer generated fire flow modeling in a form acceptable to the City regarding the sizing of the Water Line. In the event such fire flow modeling indicates that the size of the Water Line necessary to provide adequate water service to the Property is less than twelve inches (12"), the City shall reimburse the Owner for the actual cost of upgrading the size of the Water Line from the size indicated by the fire flow modeling to twelve inches (12"); provided, however, that in the event the fire flow modeling indicates a size less than eight inches (8"), the City shall only be required to reimburse the Owner for the upgrading of the size of the Water Line from eight inches (8") to twelve inches (12"). Such reimbursement shall be made by the City to Owner following the submission of documentation in a form acceptable to the City. Such documentation shall include, but not be limited to, (1) a contractor's bid for the Water Line based upon the size indicated by the fire flow modeling (and in the event the fire flow modeling indicates a size less than eight inches (8"), a contractor's bid for an eight inch (8") Water Line) and (2) evidence of the actual cost of construction of the twelve inch (12") Water Line.The amount of such reimbursement shall be determined by the City based upon said documentation subject to verification and acceptance thereof by the City. Section 7. Setback from Lake Bennet. All buildings on the Property shall be set back from the normal high water line of Lake Bennet a minimum of one hundred feet (100'). Section 8. Landscape Buffer. Prior to the issuance of any certificate of occupancy for Lots 4, 5, or 6 as shown on the Preliminary Subdivision Plan, the Owner shall complete, to the City's satisfaction, an irrigated professionally designed landscaped buffer bordering the Lake Bennet shoreline. Said buffer shall be at least seventy-five feet (75') in depth and shall be comprised of existing vegetation and supplemented with vegetation and berming to enhance the natural beauty of the area. Said buffer may, at the Owner's option, be completed on a Lot by Lot basis contemporaneous with the individual development of Lots 4, 5 or 6. Water retention and detention facilities may be located within said buffer areas as approved by the City Engineer and in accordance with the requirements of the Ocoee Land Development Code. The only setbacks or buffers which shall be applicable to or required with regard to the north 6 boundary of Lots 6 and 8 as shown on the Preliminary Subdivision Plan shall be those which are required by the Ocoee Land Development Code; provided, however, that in the event Lot 6 is developed and used as a nursing home (and related and ancillary uses thereto), the setbacks and landscaped buffer applicable to the north boundary of Lot 6 shall only be twenty-five feet (25'). Section 9. Access from State Road 50: Oak Hammock. Development of the Property, including site plans, building set-backs (other than as stated in Sections 7 and 8), building plans and other permits or approvals shall be in compliance with all City and State statutes, ordinances and regulations and shall be reviewed with specific attention to the following issues: A. In addition to access from the Property to Maine Street and Blackwood Avenue, Owner shall have only one (1) right in/right out entrance from the Property directly to State Road 50 and such shall be the only ingress/egress point from the Property directly to State Road 50. In this regard, the Final Subdivision Plan for the Property to be submitted to the City shall delete the entrance from the Property to State Road 50 between Lots 1 and 2 as shown on the Preliminary Subdivision Plan. B. The Owner shall preserve the existing Oak Hammock in the westerly portion of Lot 6 as shown on the Preliminary Subdivision Plan, and incorporate it into the landscaped buffer area required by Section 8 above. A conservation easement, in a form and substance acceptable to the City, over said Oak Hammock area shall be granted to the City in accordance with Section 7-6 of the Ocoee Land Development Code and Section 704.06, Florida Statutes, and shall be recorded in the Public Records of Orange County, Florida at the time of the recording of the Phase lA plat, and said conservation easement shall be shown on said Phase lA plat. The Oak Hammock area shall be maintained in accordance with the terms of the conservation easement by the owner of Lot 6. Section 10. Subdivision of Lot 8. Notwithstanding anything contained in the Preliminary Subdivision Plan to the contrary, the Owner shall be permitted to subdivide Lot 8, as shown on the Preliminary Subdivision Plan, into two (2) lots, which shall then be known as Lot 8 and Lot 9, so long as such subdivision is shown on the plat of Phase lA submitted to the City for approval, and so long as both of said Lots meet all of the standards and requirements of the City and the standards and requirements of this Agreement which are otherwise applicable to Lot 8. Both Lot 8 and Lot 9 shall be within Phase 1A, notwithstanding anything contained in the Preliminary Subdivision Plan to the contrary. The Owner agrees that there shall be no access from either Lot 8 and/or Lot 9 to Blackwood Avenue and/or Maine Street in Phase lA and Phase 1B. Section 11. Lift Station Site. The Final Subdivision Plan for the Property to be submitted to the City shall reflect the relocation of Tract "A" ("Lift Station Site") from its 7 existing location north of State Road 50 and west of Street B to a location near Blackwood Avenue as determined by the parties. Section 12. Water Line Connection Surcharge. A. Reference is hereby made to that certain Construction Agreement between the City and West 50 Water Line, Inc., dated July 31, 1989 and recorded August 1, 1989 in Official Records Book 4102, Page 336 of the Public Records of Orange County, Florida (the "Construction Agreement"). By this reference the Construction Agreement is hereby incorporated into this Agreement as if fully set forth herein. B. Pursuant to Section 3 of the Construction Agreement, at the time Owner contracts for potable water capacity with the City, Owner shall be deemed a User (as defined in the Construction Agreement) based upon Owner's use of water capacity which will utilize the Transmission Facilities (as defined in the Construction Agreement) and/or any water main connected to the Transmission Facilities. C. Pursuant to Section 3(B) of the Construction Agreement, at the time Owner (a) contracts for potable water capacity with the City for the Property or any portion thereof, or (b) Owner submits an application for a building permit for the Property or any portion thereof, whichever occurs first, Owner shall (i) provide the City with an estimate of the water capacity for the Property and (ii) pay to the City a surcharge for the estimated water capacity necessary to serve the Property based upon its Fair Hydraulic Share (as defined in the Construction Agreement). The amount of the surcharge shall be determined by multiplying the Project Costs in the amount of $496,952.04 by the quotient obtained by dividing the average daily flow of the estimated water capacity for the Property by the total capacity of the Transmission Facilities. Owner acknowledges and agrees that 1,400,000 GPD will be used as the capacity of the Transmission Facilities for the purposes of this Agreement. In the event the actual water capacity for the Property is greater than the estimated water capacity, the Owner shall be required to pay to the City any additional surcharge based upon the difference between the estimated water capacity and the actual water capacity. The payment by the Owner of the surcharge based upon the estimated water capacity for the Property shall not be construed as a representation of guaranty by the City that capacity will be available at the time of contracting for potable water capacity or application for a building permit for any Lot. Section 13. Compliance with Concurrency: Final Site Plan Approval. A. Nothing contained in this Agreement shall be construed to exempt the Owner from complying with the provisions of Article IX of the Land Development Code. This Agreement does not constitute a final development order or authorize the Owner to obtain any development permits or to commence any development on the Property. 8 B. Approval of the Final Subdivision Plan or a plat of any Phase of the Property or any Lot shall not grant Owner any entitlement to obtain a Final Certificate of Concurrency. Prior to obtaining a building permit for any Lot, the Owner shall be required to obtain a Final Certificate of Concurrency for such Lot pursuant to the provisions of Article IX of the Land Development Code. The approval of any Final Subdivision Plan or the platting of any Phase of the Property or any Lot shall not be construed as a representation or guaranty by the City that capacity will be available for the issuance of a Final Certificate of Concurrency at the time of application for a building permit for any Lot. The Owner acknowledges and agrees that it is proceeding at its own risk and expense in seeking to obtain approval of the Final Subdivision Plan and/or in the platting of any Phase of the Property or any Lot and that the Owner shall not be entitled to a Final Certificate of Concurrency by virtue of such undertakings. C. Prior to the effective date of this Agreement the City has issued Transportation Capacity Reservation Certificate No. 8-TCRC-95 ("the TCRC") to the Owner, said TCRC being incorporated herein by reference in the same manner as if fully set forth herein. In connection therewith, the Owner has paid to the City a Transportation Capacity Reservation Fee in the amount of$152,469.20, said fee having been paid in accordance with and subject to the provisions of Section 9-7 of Article IX of the Ocoee Land Development Code. The TCRC has reserved the transportation capacity set forth therein for proposed Lots 1, 3, 4, 6 and 8 as set forth in the Preliminary Subdivision Plan and the City does hereby confirm such transportation capacity reservation. The Owner has elected to obtain the TCRC based upon the Preliminary Subdivision Plan without first obtaining a Final Certificate of Concurrency for said proposed lots or any portion of the Property. Issuance by the City of the TCRC shall not be construed as a representation or guaranty by the City that capacity will be available for sanitary sewer, potable water, solid waste or stormwater drainage at the time the Owner applies for a Final Certificate of Concurrency. Owner acknowledges and agrees that: (i) it is proceeding at its own risk and expense in obtaining the TCRC prior to the issuance of a Final Certificate of Concurrency, (ii) the issuance by the City of the TCRC does not grant any entitlement to a Final Certificate of Concurrency, and (iii) in the event a Final Certificate of Concurrency cannot be obtained by the Owner at the time of application, then the Transportation Capacity Reservation Fee is subject to forfeiture pursuant to the provisions of Section 9-7 of Article IX of the Ocoee Land Development Code. D. The City hereby confirms and agrees that, pursuant to the provisions of Article IX of the Ocoee Land Development Code, the Owner may obtain approval of a Final Subdivision Plan for the Property and proceed to plat all or a portion of the Property pursuant to such approval subject to the condition that no building permit will be issued for the construction of any building or other structure on any Lot until a Preliminary Site Plan and Final Site Plan have been approved by the City for the Lot which is the subject of the building permit application. The Owner further acknowledges and agrees that it shall not be entitled to obtain approval of a Final Site Plan for any Lot 9 unless and until the Owner has obtained a Final Certificate of Concurrency with respect to the Lot for which Final Site Plan approval is sought. The construction by the Owner of infrastructure in accordance with an approved Final Subdivision Plan, the platting of all or a portion of the Property, and the obtaining of the TCRC shall not be construed to grant entitlement to approval of Final Site Plans for Lots within the Property and the Owner acknowledges and agrees that it is proceeding at its own risk and expense in this regard. Unless and until water and sewer capacity necessary to serve the Property is purchased by the Owner from the City, the Owner shall be prohibited from obtaining any permits from the Florida Department of Environmental Protection except for a Zero FRU or Zero Average Daily Flow Water Extension Permit with respect to water capacity and a Dry Line Permit with respect to sewer capacity. Section 14. Notice. Any notice delivered with respect to this Agreement shall be in writing and be deemed to be delivered(whether or not actually received) when(i) hand delivered to the person hereinafter designated, or (ii) upon receipt of such notice when deposited in the United States Mail, postage prepaid, certified mail, return receipt requested, addressed to the person at the mailing address set forth on the first page of this Agreement, or such other address or to such other person as the party shall have specified by written notice to the other party delivered in accordance herewith. Section 15. Covenant Running with the Land. This Agreement shall run with the Property and inure to and be for the benefit of the parties hereto and their respective successors and assigns and any person, firm, corporation, or entity who may become the successor in interest to the Property or any portion thereof. Section 16. Recordation of Agreement. The parties hereto agree that an executed original of this Agreement shall be recorded by the City, at the Owner's expense, in the Public Records of Orange County, Florida. The City will, from time to time upon request of the Owner, execute and deliver letters affirming the status of this Agreement. Section 17. Applicable Law. This Agreement and the provisions contained herein shall be construed, controlled and interpreted according to the laws of the State of Florida. Section 18. Time of the Essence. Time is hereby declared of the essence to the lawful performance of the duties and obligations contained in this Agreement. Section 19. Agreement: Amendment. This Agreement constitutes the entire agreement between the parties, and supersedes all previous discussions, understandings and agreements, with respect to the subject matter hereof. Amendments to and waivers of the provisions of this Agreement shall be made by the parties only in writing by formal amendment. Section 20. Further Documentation. The parties agree that at any time following a request therefor by the other party, each shall execute and deliver to the other party such further 10 documents and instruments, in form and substance reasonably necessary to confirm and/or effectuate the obligations of either party hereunder. Section 21. Specific Performance. Both the City and the Owner shall have the right to enforce the terms and conditions of this Agreement by an action for specific performance. Section 22. Attorneys' Fees. In the event that either party fmds it necessary to commence an action against the other party to enforce any provision of this Agreement or because of a breach by the other party of any terms hereof, the prevailing party shall be entitled to recover from the other party its reasonable attorneys' fees, legal assistants' fees and costs incurred in connection therewith, at both trial and appellate levels, including bankruptcy proceedings, without regard to whether any legal proceedings are commenced or whether or not such action is prosecuted to judgment. Section 23. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. Section 24. Captions. Captions of the Sections and Subsections of this Agreement are for convenience and reference only, and the words contained therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or meaning of the provisions of this Agreement. Section 25. Severability. If any sentence, phrase, paragraph, provision or portion of this Agreement is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereof. Section 26. Effective Date. The Effective Date of this Agreement shall be the date that this Agreement is last executed by a party hereto. 11 IN WITNESS WHEREOF, the Owner, and the City have caused this instrument to be executed by their duly authorized officers as of the day and year first above written. OWNER: ZOM LAKE BENNET, LID., a Florida limited partnership Signed, sealed and delivered By: ZOM PROPERTIES, INC., in the presence of: a Florida corporation, its sole general partner By: Name: Print Name: Title: (CORPORATE SEAL) Print Name: CITY: CITY OF OCOEE, FLORIDA By: S. Scott Vandergrift, Mayor Print Name: Attest: Jean Grafton, City Clerk Print Name: (SEAL) FOR USE AND RELIANCE ONLY BY APPROVED BY THE OCOEE CITY THE CITY OF OCOEE, FLORIDA. COMMISSION AT A MEETING Approved as to form and legality HELD ON , 1995 this _ day of , 1995. UNDER AGENDA ITEM NO. . FOLEY & LARDNER By: City Attorney 12 STATE OF FLORIDA COUNTY OF ORANGE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared as of ZOM PROPERTIES, INC., a Florida corporation, as sole general partner of ZOM LAKE BENNET, LTD., a Florida limited partnership, and who [ J is personally known to me or [] produced as identification, and that he acknowledged executing the same in the presence of two subscribing witnesses, on behalf of said corporation and partnership, freely and voluntarily, for the uses and purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this day of , 1995. Signature of Notary Name of Notary (Typed, Printed or Stamped) Commission Number(if not legible on seal): My Commission Expires(if not legible on seal): STATE OF FLORIDA COUNTY OF ORANGE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared S. SCOTT VANDERGRIFT and JEAN GRAFrON, personally known to me to be the Mayor and City Clerk, respectively, of the CITY OF OCOEE,FLORIDA and that they severally acknowledged executing the same in the presence of two subscribing witnesses, freely and voluntarily under authority duly vested in them by said municipality. WITNESS my hand and official seal in the County and State last aforesaid this day of , 1995. • Signature of Notary Name of Notary (Typed, Printed or Stamped) Commission Number(if not legible on seal): My Commission Expires(if not legible on seal): CAWP51 XDOCSNOCOMLAICEBENT.NEW I 3/30/95118W015 I SWZ:dp 13 EXHIBIT "A" LEGAL DESCRIPTION OF THE PROPERTY Certain lands located in Orange County, Florida more particularly described as follows: Commence at the South 1/4 corner of Section 20, Township 22 South, Range 28 East in the City of Ocoee, Orange County, Florida; thence run N 00° 16' 09" E along the West line of the Southeast 1/4 of said Section 20 a distance of 160.00 feet to the POINT OF BEGINNING of this description; thence continue to run N 00 ° 16' 09" E along said West line of the Southeast 1/4 a distance of 1021.90 feet; thence run S 67° 50' 07" E a distance of 90.48 feet; thence run S 86° 09' 29" E a distance of 123.81 feet; thence run N 00° 30' 00" E a distance of 184.59 feet to a point on the Southerly right of way line of Maine Street; thence run S 89° 18' 55" E along said Southerly right of way line and parallel with the North line of the Southwest 1/4 of the Southeast 1/4 of said section 20 a distance of 1121.48 feet to a point on the East line of the Southwest 1/4 of the Southeast 1/4 of said Section 20; thence run S 00° 21' 46" W along the East line of the Southwest 1/4 of the Southeast 1/4 of said Section 20 a distance of 1251.33 feet to a point on the Northerly right of way line of State Road 50; thence run N 89° 27' 13" W along said Northerly right of way line a distance of 1292.69 feet; thence run N 00° 16' 09" E a distance of.88.18 feet; thence run N 89° 43' 51" W a distance of 35.00 feet to the POINT OF BEGINNING of this description. C:\WP511DOCS\OCOEE\LAKEBENfNEW 13/3O/95118W015 ISWZ:dp EXHIBIT "B" CONDITIONS OF APPROVAL 1) Prior to the approval of a Final Site Plan for each Lot, or portion thereof, the Applicant/Owner will need to apply for and obtain Final Certificate of Concurrency pursuant to Article IX of the Ocoee Land Development Code for such Lot for which Final Site Plan approval is requested. Neither the review of the Application/Project by the City nor the granting of any approvals in connection with such review shall be construed to grant the Applicant/Owner any entitlement to obtain a Final Certificate of Concurrency with respect to all or any portion of the Project or the create any exemption from the provisions of Article IX of the Ocoee Land Development Code. 2) The City is subject to the terms, provisions and restrictions of F.S. Chapter 163 concerning Moratoriums of the issuance of Building Permits under certain circumstances. the City has no lawful authority to exempt any private entity or itself rom the Application of such state legislation and nothing herein shall be construed as such exemption. 3) All parking requirements will be in accordance with the City of Ocoee Land Development Code for each parcel. 4) A 10' wide landscape buffer will be provided along S.R. 50 and Blackwood Avenue. 5) Stormwater runoff for the volumetric pre/post difference for the 25 year/ 96 hour storm shall be retained on site, detailed retention pond design, including geotechnical information, will be provided with the Final Engineering Plans. 6) All stormwater ponds are to be maintained by each Lot Owner. 7) A 5' sidewalk will be constructed along all R/W's as required by the Land Development Code VI-3-H. 8) All fire hydrant locations will be determined and designed with Final Engineering Plans. 9) 100 - Year Floodplan Boundary along Lake Bennet is 118 M.S.L. The Northeast corner of the subject property is located in flood zone "A". Applicant to apply for and receive FEMA Floodplan Determination Letters and "Letter of MAP Revision") (LOMR) or "Letter of Map Amendment" (LOMA) prior to Final Subdivision Plan submittal, for all FEMA Flood Zone Areas. A field location survey of the 100 year contour line will be provided with the Final Engineering Plans. 10) At all corners and where applicable, sidewalk access ramps shall be constructed to permit passage of those who are physically challenged. 11) The "Lake Bennet Centre Development's Agreement" dated August 19th, 1986 will be formally amended prior to Final Subdivision Plan approval based upon (1) the proposed amendments to the Developer's Agreement as specified on sheet 5 of 5 of the Preliminary Subdivision Plan, and (2) all requirements specified by the City Attorney necessary to ensure proper legal form and the incorporation of all appropriate Conditions of Approval. 12) All access and utility easements shown on the Subdivision Plan will be private easements in favor of the Owners of all of the Lots within the Subdivision, their successors, assigns, employees, invitees, tenants and guests, which easements will be shown on the Plat of the Subject Property, and which will also be further defined and delineated in a Declaration of Covenants, Restrictions, and easements to be recorded at the time of the recording of the Plan. Fee simple title to the land underlying the easements will be owned by the Owner of the Lot on which easements or portion thereof, lies, the primary obligation for maintenance, repair and replacement of the improvements contained within the easements will be allocated to the Owner of Lot 7 by the above-referenced Declaration. The cost and expense of such maintenance, repair and replacement will be allocated among the Owners of all of the Lots comprising the Subdivision pursuant to provisions in the Declaration, including provision for assessment and lien in the event that any such Lot Owner fails to pay its proportion share. 13) Based upon Final Engineering and Final Plat requirements, access rights to S.R. 50 and Blackwood Avenue from all Lots except at the approved locations, will be dedicated to the City of Ocoee. 14) All legal instruments including, but not limited to, any Declaration of Covenants, Conditions and Restrictions, Property Owners Association Documentation, Easement Agreements and Warranty Deeds conveying property to the City or Property Owners Association must be submitted to and approved by the City prior to Plat approval. 15) No access to Maine Street will be provided to Lot 6 in either Phase lA or 1B. 16) A detailed analysis of signalization, geometry and lane configuration at S.R. 50 and Blackwood Avenue will be conducted as part of the Final Subdivision Plan review and incorporated into those plans. 17) Copies of the Florida Department of Transportation Driveway and Drainage Connection Permits will be submitted and approved prior to Final Subdivision Plans approval by the DRC. 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