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HomeMy WebLinkAboutItem III (E) Approval and Authorization for Mayor and City Clerk to execute Second Amendment to Development Agreement with GGP/Homart, Inc.(White Road). Agenda 3-5-96 Item III E FOLEY & LARDNER ATTORNEYS AT LAW SUITE 1800 A MEMBER OF GLOBALEX III NORTH ORANGE AVENUE WITH MEMBER OFFICES IN ORLANDO, FLORIDA 32801 BERLIN JACKSONVILLE TELEPHONE 14071423-7656 BRUSSELS TALLAHASSEE DRESDEN TAMPA FACSIMILE 14071 648-1743 FRANKFURT WEST PALM BEACH MAILING ADDRESS LONDON MILWAUKEE PARIS POST OFFICE BOX 2193 MADISON SINGAPORE CHICAGO ORLANDO.FL 32802-2193 STUTTGART WASHINGTON, D.C. TAIPEI MEMORANDUM TO: The Honorable Mayor and City Commissioners of the City of Ocoee FROM: Paul E. Rosenthal, Esq. , City Attorney fiL DATE: March 5, 1996 RE: White Road: Second Amendment to Development Agreement with GGP/Homart Attached hereto is the final draft of the Second Amendment to Development Agreement between GGP/Homart, Inc. and the City. Changes from the draft included in the agenda packet are blacklined. Highlights of the changes are as follows: (1) The reference to "Property" has been changed to "Project" and no legal description is attached. (2) The cost of all permits are being borne by the City and are not included in the Add Alternate Price. (3) Procedural changes have been made to the payment schedule and joint checks will not be issued. (4) The cost of the two year maintenance bond in the amount of $2, 500 will be borne by the City and is not included in the Add Alternate Price. (5) The additional White Road right-of-way will be obtained from Lake Lotta, Ltd. prior to the commencement of construction of the improvements. We have been advised that the deed will be forth coming prior to the commencement of construction. Additionally, an Easement Agreement is being prepared in connection with the joint use of the sinkhole/retention pond by the City and Lake Lotta, Ltd. That easement agreement will be presented to the City Commission at a subsequent meeting. PER:dh Enclosure C:\WP51\DOCSIOCOB\MFT.IOS\PERDDH03.05113/5/96IDEBBIEH IPER:dh ESTABLISHED 1 8 4 2 THIS INSTRUMENT PREPARED BY: Paul E. Rosenthal, Esq. FOLEY &LARDNER 111 North Orange Avenue, Suite 1800 Post Office Box 2193 Orlando, FL 32802-2193 (407)423-7656 AFTER RECORDING RETURN TO: Jean Grafton, City Clerk CITY OF OCOEE For Recording Purposes Only 150 North Lakeshore Drive Ocoee, FL 34761 (407)656-2322 SECOND AMENDMENT TO DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO DEVELOPMENT AGREEMENT (the "Second Amendment") is made and entered into this _ day of Mai, 1996 (the "Effective Date") by and between GGP/HOMART, INC., a Delaware corporation as the legal successor to Homart Development Co., a Delaware corporation (hereinafter referred to as the "Developer"), whose address is 3500 Piedmont Road, N.E., Atlanta, Georgia 30305 and the CITY OF OCOEE, a Florida municipal corporation (hereinafter referred to as the "City"), whose address is 150 North Lakeshore Drive, Ocoee, Florida 34761. WIIN � STH: WHEREAS, the Developer is the legal successor to Homart Development Co. and owns - ._ - . - . - - -- . .. -- - . .. . -. . . . . . . .. .. is developing that certain project known as the Lake Lotta Mall I •velo s went of Re ional fin'ac :n• ' kn i wn ;_ h• West Oaks Mall (hereinafter referred to as the "Property")"Proiect"i; and WHEREAS, the City and the Developer have heretofore entered into that certain Development Agreement, dated January 26, 1995, as recorded on April 10, 1995 in Official Records Book 4877, Page 1880, as amended by that certain First Amendment to Development Agreement, dated July 18, 1995, as recorded on July 31, 1995 in Official Records Book 4924, Page 2466, all of the Public Records of Orange County, Florida (collectively, the "Development Agreement"); and WHEREAS, the Developer and the City have heretofore entered into that certain Development Order for Lake Lotta Mall Development of Regional Impact (the "DRI Development Order") dated January 27, 1995, relating to the proposed development of the Property Project as set forth in the Development Agreement; and WHEREAS, the Developer is currently constructing or is about to commence construction of certain infrastructure, roadway and other improvements ea related to the Pfeperty project and Clarke Road, said construction being pursuant to a certain construction contract ("the Developer's Construction Contract") with C.A. Meyer Paving and Construction Co. (the "Developer's Contractor"); and WHEREAS, pursuant to Part II.C.2. of the DRI Development Order, the Developer has heretofore paid to the City the sum of$250,000.00 to be applied by the City towards the design, engineering, permitting and construction of such improvements to that portion of White Road west of Clarke Road and adjacent to the Lake Lotta Center DRI as the City deems necessary to reduce the curvature of White Road (the "White Road Improvements"); and WHEREAS, the City has heretofore obtained from Professional Engineering Consultants, Inc. ("PEC") certain plans consisting of Sheets 1 through 44 as prepared by PEC under Job No. 0E242 and sealed by PEC on January 9, 1996 (the "Plans"); and 2 WHEREAS, the Plans include the design and engineering and plans and specifications for the White Road Improvements; and WHEREAS, the Developer's Construction Contract includes as an "add alternate" the construction of the White Road Improvements by the Developer's Contractor in accordance with the Plans ("the Add Alternate") at a fixed cost of$646,215.54 ("the Add Alternate Price"); and WHEREAS, PEC's cost estimate for the construction of the White Road Improvements in accordance with the Plans was$ was in excess of the Add Alternate Price; and WHEREAS, construction of the White Road Improvements by the Developer instead of the City would (1) allow the Developer to exercise the Add Alternate in the Developer's Construction Contract and thereby promptly begin construction of the White Road Improvements; (2) reduce the administrative and supervisory burdens on the City; (3) eliminate potential scheduling and coordination conflicts involving the construction of improvements by Developer eft within the Property Project and Clarke Road and by the City on White Road with respect to the White Road Improvement; and (4) save public funds by economy of scale and reduced start-up costs for the work to be performed by the Developer's Contractor; and WHEREAS, in order to obtain the Add Alternate Price the Developer must so advise the Developer's Contractor and issue a notice to proceed with respect to the Add Alternate by March 8, 1996; and WHEREAS, the City and the Developer agree that it is in the best interests of all parties for the Developer, instead of the City, to construct the White Road Improvements in accordance with the terms and conditions set forth below; and 3 WHEREAS, the City and the Developer desire to revise, amend and modify the Development Agreement to set forth the obligations and responsibilities of each party thereto with respect to the construction of the White Road Improvements and other matters related thereto. NOW, THEREFORE, in consideration of the mutual premises contained herein, and other good and valuable consideration, 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. White Road Improvements. (A) Notwithstanding anything contained in Part II.C. of the DRI Development Order to the contrary, instead of the City constructing the White Road Improvements, the Developer hereby agrees to construct the White Road Improvements in accordance with the plans and specifications consisting of Sheets 1 through 44 as prepared by Professional Engineering Consultants, Inc. under Job No. 0E242 and sealed by PEC on January 9, 1996, as they may be modified by any change orders issued by the City Engineer. (B) The City hereby approves the Developer's use of the Developer's Contractor to construct the White Road Improvements; provided, however, that the Developer shall provide the City with a letter from the Developer's Contractor confirming that it has agreed to perform the White Road Improvements in accordance with the Plans for the Add Alternate Price. (C) The City represents to the Developer (1) that it has obtained r will obtain prior to the commencement of construction of the White Road_ImprQvoment0 title to all of the real property necessary for construction of the White Road Improvements, (2) that 4 • the Developer and the Developer's Contractor are authorized to utilize and rely on the Plans, as they may be modified by any change orders issued by the City Engineer, in order to construct the White Road Improvements, and (3) that all permits and governmental approvals necessary for construction of the White Road Improvements in accordance with the Plans have been obtained gr will be obtained by the City, at the City's expen , permits, the cost of which arc included in thc Add Alternate Price: (D) The Developer agrees to commence construction of the White Road Improvements within fourteen (14) days from the Effective Date and to thereafter proceed to diligently complete construction of White Road Improvements in accordance with the Plans and all applicable governmental permits and approvals; provided, however, that the City acknowledges and agrees that the construction of the White Road Improvements will be undertaken by the Developer concurrently with the construction of other improvements on witl.Lin the Property Pr�oj.ect and Clarke Road related to the West Oaks Mall and that the Developer may prioritize the work to be undertaken by the Developer's Contractor pursuant to the Developer's Construction Contract in order to best accomplish the Developer's goal of obtaining a Certificate of Occupancy for the West Oaks Mall by September 30, 1996. (E) In consideration of the Developer's construction of the White Road Improvements in accordance with the Plans, the City hereby agrees to pay to the Developer the Add Alternate Price in the amount of $646,215.54lus the sum of $2.500.00 for the maintenance bond required under the provisions of Section_21G1 hereof. Any cost overruns under the Developer's Construction Contract with respect to the White Road Improvements shall also be paid by the City to the Developer; provided, however, that the City shall only be responsible for such cost overruns if the Developer has obtained the prior written approval of the City Engineer with rsepect respect thereto, which approval will not unreasonably 5 be withheld. Any change orders issued to the Developer by the City Engineer which result in a reduction in the Add Alternate Price to be paid by the Developer to the Developer's Contractor shall also reduce the total amount paid by the City to the Developer for the White Road Improvements, it being the intent of the parties that the total amount paid by the City to the Developer for the construction of the White Road Improvements shall be equal to the amount paid by the Developer to the Developer's Contractor for such improvements. nlus the cost of the maintenance bond referenced in Section 2(G)(ii) hereof.- • ..• . • . . , , .. (F) All payments by the City for the White Road Improvements shall be by ajoint check made payable to the Developer ' . The City shall make such payments in accordance with the draw schedule set forth in the Developer's Construction Contract, a copy of which has heretofore been delivered to the City Engineer. Whenever payment is due under said draw schedule, the Developer shall submit to the City a copy of the draw request submitted to the Developer by Developer's Contractor on such forms as may be utilized by the Developer. All such draw requests shall typically be submitted to the City by the 25111 15th day of each month and shall be paid by the City no later than 30 days thereafter. The City shall not be required to pay to the Developer the 10% retainage under the Developer's Construction Contract until such time as final payment is made by the Developer to the Developer's Contractor for the White Road Improvements. The Developer will obtain and deliver to the City lien waivers from the Developer's Contractor and all subcontractors, and affidavits of the general contractor evidencing payment in full of the amount of each draw request. The Developer shall at all times fully comply with the terms and requirements of the State of Florida Construction Lien Law and shall not allow any liens to attach to the property underlying the White Road Improvements 6 (G) Upon completion of the White Road Improvements, the Developer shall deliver the following to the City: i) Bill of Sale for the White Road Improvements. ii) Original two (2) year maintenance bond. The City will accept a maintenance bond in the form set forth in the City's Land Development Code. Alternatively, the City will accept a maintenance bond naming the City as a dual obligee so long as the Developer assigns to the City its contract rights with the Developer's Contractor under the Developer's Construction Contract as it relates to the White Road Improvements and the Developer's Contractor acknowledges such assignment. iii) Two (2) sets of "as-built" drawings of the White Road Improvements. iv) A certification from the Developer's Contractor as to the final cost of the White Road Improvements. v) Engineer and surveyor certification letters in accordance with the requirements of the City's Land Development Code; provided, however, that the City will be responsible for obtaining these letters. vi) Letter from St. Johns River Water Management District indicating acceptance of any permitted work undertaken in accordance with the Plans; provided, however, that the City shall be responsible for obtaining this letter. vii) Final Release of Lien by Developer's Contractor evidencing full payment of all sums due for the White Road Improvements; provided, however, that this may be delivered concurrent with the final payment by the City to the Developer. 7 viii) Certificate of Completion issued by the City. The City agrees to accept the White Road Improvements and make final payment (including retainage) upon completion of the above-referenced items. - ._ ._ (H) Nothing contained herein shall be construed to make the completion of the White Road Improvements and the acceptance thereof by the City a condition precedent to the issuance of a certificate of completion and/or certificate of occupancy for any other improvements being constructed en within the Prepefty Pr, oject or Clarke Road in connection with the West Oaks Mall Projeet. (I) The City Engineer or his designee will be responsible for answering in a timely manner any questions that the Developer's Contractor may have regarding the Plans and the interpretation thereof. SECTION 3. Construction Inspection Services. The City Engineer or his designee shall be responsible for construction inspection services associated with the White Road Improvements and the City acknowledges that the cost thereof is not included in the monies being paid by the City to the Developer. SECTION 4. Administrative Fee. In addition to the monies being paid by the City to the Developer pursuant to Section 2 above, the City agrees to pay to the Developer an administrative fee in the amount of three percent (3%) of the actual cost of the White Road Improvements paid by the Developer to the Developer's Contractor; provided, however, that said Administrative Fee shall not exceed $19,386.46 ("the Administrative Fee"). The Administrative Fee shall be paid to the Developer at the time of final payment as provided in Section 2(G) above. The Administrative Fee is intended to compensate the Developer for handling contract administration, draw requests, and collecting lien waivers from the 8 Developer's Contractor and for the costs of any additional liability insurance obtained in connection with the White Road Improvements. SECTION 5. No Liability for Plans. The Developer and the Developer's Contractor shall not be responsible for and are not assuming any liability with respect to the design, engineering and permitting of the White Road Improvements and the preparation of the Plans. The parties hereto acknowledge that the Developer has not participated in the preparation of the Plans. SECTION 6. Effective Date. The Effective Date of this Second Amendment shall be the date that the last of the parties to this Second Amendment has executed the same and such date shall be inserted on the first page of this Second Amendment. SECTION 7. Defined Terms. All capitalized terms not otherwise defined herein shall have the meaning attributed to such term in the Development Agreement. SECTION 8. Unmodified. Except as expressly modified herein, the Development Agreement remains unchanged and in full force and effect. IN WITNESS WHEREOF, the Developer and the City have caused this Second Amendment to be executed by their duly authorized officers or representatives as of the day and year first above written. DEVELOPER: Signed, sealed and delivered GGP/HOMART, INC., a in the presence of: Delaware corporation By: Signature Name: Print/Type Name Title: Dated: March , 1996 9 Signature (CORPORATE SEAL) Print/Type Name 10 CITY: CITY OF OCOEE, a Florida municipal corporation By: Signature S. SCOTT VANDERGRIFT, Mayor Attest: Print/Type Name JEAN GRAFTON, City Clerk Dated: March , 1996 Signature (SEAL) Print/Type Name FOR USE AND RELIANCE ONLY APPROVED BY THE OCOEE CITY BY THE CITY OF OCOEE, FLORIDA COMMISSION AT A MEETING APPROVED AS TO FORM AND LEGALITY HELD ON March _, 1996 this day of March, 1996. UNDER AGENDA NO. FOLEY & LARDNER By: City Attorney 11 STATE OF ) COUNTY OF ) I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid, to take acknowledgements, personally appeared , well known to me to be the President of GGP/HOMART, INC., a Delaware corporation, and that he/she acknowledged before me executing the same freely and voluntarily under authority duly vested in him/her on behalf of said corporation. He/She [ ] is personally known to me or [ ] produced as identification. WITNESS my hand and official seal in the County and State last aforesaid this _ day of , 1996. Signature of Notary (NOTARIAL SEAL) 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 GRAFTON, well known to me to be the Mayor and City Clerk, respectively, of the CITY OF OCOEE, a Florida municipal corporation, 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. They are personally known to me. WITNESS my hand and official seal in the County and State last aforesaid this day of March, 1996. Signature of Notary (NOTARIAL SEAL) Name of Notary (Typed, Printed or Stamped) Commission Number (if not legible on seal): My Commission Expires (if not legible on seal): C:\WPSI\DOCS\OCOE\HOMART2D.RED 13/5/961 DEBBIEH 1 PER:dh 12 •coee AGENDA 3-5-96 o : Item III E ►,: a a 0 011P ��*,f.Of 000•``a�6 JAMES W.SHIRR,P.E. CITY ENGINEER/UTILITIES DIRECTOR 150 N.LAKESHORE DRIVE•OCOEE,FLORIDA 34761 PHONE(407)656-2322 EXT.142•FAX(407)656-7835 MEMORANDUM DATE: March 1, 1996 TO: The Honorable Mayor and Board of City Commissioners FROM: James W. Shira, P.E. // City Engineer/Utiliti-. ,Director SUBJECT: White Road Improvements Attached for your review is a memorandum from the City Attorney dated March 1, 1996, as well as a draft of a Second Amendment to Development Agreement between the City and GGP/Homart (the Developer), all relating to the proposed White Road Improvements. A final version of this Amendment will be submitted to you by the City Attorney at the City Commission meeting on March 5, 1996. In order to gain the benefit of the economy of scale afforded by the Developer's roadway improvement construction contract, we included the White Road improvements as an Add Alternate to the Developer's work. The Developer solicited bids for the Developer's work and for the White Road improvements, which resulted in a fee of$646,215.54 for the White Road improvements. Our original estimates for this project were in the range of$880,000.00, which was therefore the amount that was set aside for this project. By utilizing this Add Alternate process, we are able to save nearly $235,000.00. During preparation of the plans for the White Road improvements, it became evident that there was a "missing link" in the right-of-way. We anticipate that this right-of-way will have been conveyed to the City prior to the City Commission meeting on March 5, 1996. With this conveyance, all of the right-of-way for this project will be secured. The Second Amendment to Development Agreement sets out the conditions by which GGP/Homart will administer the White Road improvements as an Add Alternate to their roadway construction contract. For this administrative work they will be paid 3% of the contract fee, or $19,386.46. 7 THE PRIDE OF WEST ORANGE Fil-- In addition, there will be a road construction permit fee charged by the Building Department amounting to$2,000.00 This amount should be transferred from the money allocated to the White Road project to the appropriate General Fund account. It is requested that the City Commission take the following action in regard to the White Road realignment project: 1) Approve the Second Amendment to Development Agreement and authorize the Mayor and City Clerk to execute it. 2) Authorize the transfer of $2,000.00 from Fund 300 (White Road) to the appropriate General Fund account to cover the cost of the Building Department road construction permit. JWS/jbw Attachment MAR-01-96 13 : 56 FROM:FOLEY AND LARDNER ID: 648+ 1743 PAGE 1/2 FOLEY & LARDNER ATTORNEYS AT LAW SUITE 1800 111 NORTH ORANGE AVENUE A MEMBER OF GLOBAL-EX ORLANDO, FLORIDA 32901 WITH MEMBER OFFICES IN JACKSONVILLE BERLIN TALLAHASSEE TELEPHONE (4071 423-7656 BRUSSELS TAMPA FACSIMILE(407)648-1743 DRESDEN WEST PALM BEACH FRANKFURT MAILING ADDRESS MILWAUKEE LONDON MADISON POST OFFICE 50X 2193 PARIS CHICAGO ORLANDO,FL 32802•2193 SINGAPORE WASHINGTON,D.C. STUTTGART TAIPEI MEMORANDUM TO: James W. Shira, P.E. , City Engineer FROM: Paul E. Rosenthal, Esq. , City Attorney DATE: March 1, 1996 RE: White Road: Second Amendment to Development Agreement with GGP/Homart Attached hereto is a draft of the Second Amendment to Development Agreement between GGP/Homart, Inc. and the City. GGP/Homart, Inc. is the successor to Homart Development Co. The purpose of the Second Amendment is to shift the responsibility for the White Road project from the City to Homart with the City reimbursing Homart for all its expenses, including the cost of construction. This shift will allow the City to take advantage of the economies derived from the larger contract between GGP/Homart and C.A. Meyer Paving and Construction. The Second Amendment is still in the process of being finalized and the final draft will be distributed at the City Commission meeting. Highlights of the proposed Second Amendment are as follows: (1) GGP/Homart will construct the White Road Improvements in accordance with the Plans prepared by PEC and approved by the City Engineer. Change orders may be issued by the City Engineer which can increase or decrease the cost of the project. (2) The City is responsible, at its expense, for obtaining all governmental approvals and permits necessary for the project. (3) Homart will be paid a total of $646,215.54 as reimbursement for its construction costs (subject to adjustment based on change orders) . Payment will be made by joint checks issued to GGP/Homart and C.A. Meyer. ESTABLISHED 1 3 4 2 11AR -01-9E 12 57 FRCM : FOLEY AND LARDNER ID : 846+ 1743 PACE 2/e James W. Shira, P.E. , City Engineer March 1, 1996 Page 2 There will be a 10% retainage which will be paid when final payment is made. (4) Upon completion of the project, the improvements will be conveyed by GGP/Homart to the City in the same manner as other road projects. (5) Completion of the White Road Improvements is not a condition precedent to the opening of the Mall. (6) The City will remain responsible for construction inspection services. (7) Homart will be paid an Administrative Fee of 3% of the cost of construction, not to exceed $19,386.46. (8) Since GGP/Homart did not participate in the development of the Plans, they assume no liability with respect thereto. FEH—27-9Ei 09 54 FROM- FOLEY AND -ARDNER :D G4O+ i 7 4 3 PAGE 4/ 14 THIS INSTRUMENT PREPARED BY: lutra Paul E.Rosenthal,Esq. eGi11 F ARDI� 111l North &I.th Orange Avenue,Suite 1800 n past Office Bout 2193 ci Orlando,FL 32802-2193 t4 (407)423-7656 sikr AFTER RECORDING RETURN 1O: Jean Grafton,City Clerk ant OF OCOEE For Recording Purposes Only 150 North Lakeshore Drive OrtOcoee,FL 34761 (407)656-2322 SECOND AMEMMENT TO DEVELOPMENT AGREEMENT THIS SECOND AMENDMENT TO DEVELOPMENT AGREEMENT(the "Second Amendment') is made and entered into this _day of , 1996 (the "Effective Date") by and between GGP/HOMART, INC., a Delaware corporation as the legal successor to Homart Development Co., a Delaware corporation (hereinafter referred to as the "Developer"), whose address is 3500 Piedmont Road, N.E., Atlanta, Georgia 30305 and the CITY OF OCOEE, a Florida municipal corporation (hereinafter referred to as the "City"), whose address is 150 North Lakeshore Drive, Ocoee, Florida 34761_ WITNESSETH: WHEREAS, the Developer is the legal successor to Homart Development Co. and owns fee simple title to certain lands located in Orange County, Florida, and within the corporate limits of the City of Ocoee, Florida, 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 Developer have heretofore entered into that certain Development Agreement, dated January 26, 1995, as recorded on April 10, 1995 in Official + z ,cvri rvztz wu ..+<L1Yc1c x48. 1743 PACE S/14 Records Book 4877, Page 1880, as amended by that certain First Amendment to Development Agreement, dated July 18, 1995, as recorded on July 31, 1995 in Official Records Book 4924, Page 2466, all of the Public Records of Orange County,Florida(collectively, the"Development Agreement"); and WHEREAS, the Developer and the City have heretofore entered into that certain Development Order for Lake Lotta Mall Development of Regional Impact (the "DRI Development Order") dated January 27, 1995, relating to the proposed development of the Property as set forth in the Development Agreement; and WHEREAS, the Developer is currently constructing or is about to commence construction of certain infrastructure, roadway and other improvements on the Property and Clarke Road, said construction being pursuant to a certain construction contract ("the Developer's Construction Contract") with C.A. Meyer Paving and Construction Co. (the "Developer's Contractor"); and WHEREAS, pursuant to Part IL C.2. of the DRI Development Order, the Developer has heretofore paid to the City the sum of$250,000.00 to be applied by the City towards the design, engineering, permitting and construction of such improvements to that portion of White Road west of Clarke Road and adjacent to the Lake Lotta Center DRI as the City deems necessary to reduce the curvature of White Road (the "White Road Improvements"); and WHEREAS,the City has heretofore obtained from Professional Engineering Consultants, Inc. ("PEC")certain plans consisting of Sheets 1 through 44 as prepared by PEC under Job No. 0E242 and sealed by PEC on January 9, 1996 (the "Plans"); and WHEREAS, the Plans include the design and engineering and plans and specifications for the White Road Improvements; and 2 -.- - �- - �. .. < va.c• r.vu LHKLi1VL1! ID-G48+ 1743 PACE E/ 1 4 WHEREAS, the Developer's Construction Contract includes as an "add alternate" the construction of the White Road Improvements by the Developer's Contractor in accordance with the Plans("the Add Alternate")at a fixed cost of$646,215.54("the Add Alternate Pricer); and WH REAS, PEC's cost estimate for the construction of the White Road Improvements in accordance with the Plans was $ ; and WHEREAS, construction of the White Road Improvements by the Developer instead of the City would (I) allow the Developer to exercise the Add Alternate in the Developer's Construction Contract and thereby promptly begin construction of the White Road Improvements; (2) reduce the administrative and supervisory burdens on the City; (3) eliminate potential scheduling and coordination conflicts involving the construction of improvements by Developer on the PropeLty and Clarke Road and by the City on White Road with respect to the White Road Improvement; and (4) save public funds by economy of scale and reduced start-up costs for the work to be performed by the Developer's Contractor; and WHEREAS, in order to obtain the Add Alternate Price the Developer must so advise the Developer's Contractor and issue a notice to proceed with respect to the Add Alternate by March 8, 1996; and WHEREAS, the City and the Developer agree that it is in the best interests of all parties for the Developer, instead of the City, to construct the White Road Improvements in accordance with the terms and conditions set forth below; and WHEREAS, the City and the Developer desire to revise, amend and modify the Development Agreement to set forth the obligations and responsibilities of each party thereto with respect to the construction of the White Road Improvements and other matters related thereto. 3 .,".. . � ♦ rill✓ LrKLIVGK 11.)' u4e3+1 743 PACE 7/ 14 NOW, TORE, in consideration of the mutual premises contained herein, and other good and valuable consideration, 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. White Road hnprovements. (A) Notwithstanding anything contained in Part H.C.of the DRI Development Order to the contrary, instead of the City constructing the White Road Improvements, the Developer hereby agrees to construct the White Road.Improvements in accordance with the plans and specifications consisting of Sheets I through 44 as prepared by Professional Engineering Consultants, Inc. under Job No. 0E242 and sealed by PEC on January 9, 1996, as they may be modified by any change orders issued by the City Engineer. (B) The City hereby approves the Developer's use of the Developer's Contractor to construct the White Road Improvements; provided, however, that the Developer shall provide the City with a letter from the Developer's Contractor confirming that it has agreed to perform the White Road Improvements in accordance with the Plans for the Add Alternate Price. (C) The City represents to the Developer(1)that it has obtained title to all of the real property necessary for construction of the White Road Improvements, (2) that the Developer and the Developer's Contractor are authorized to utilize and rely on the Plans, as they may be modified by any change orders issued by the City Engineer, in order to construct the White Road Improvements, and (3) that all permits and governmental approvals necessary for construction of the White Road improvements in accordance with the Plans have been obtained 4 FE8-27-9b' 09 S6 FROM- FOLEY AND LARDNER 1D-648+ 1743 PAGE 8/ 14 by the City, at the City's expense, except for the following permits, the cost of which are included in the Add Alternate Price: (D) The Developer agrees to commence construction of the White Road Improvements within fourteen (14) days from the Effective Date and to thereafter proceed to diligently complete construction of White Road Improvements in accordance with the PIans and all applicable governmental permits and approvals; provided, however, that the City acknowledges and agrees that the construction of the White Road Improvements will be undertaken by the Developer concurrently with the construction of other improvements on the Property and Clarke Road related to the West Oaks Mall and that the Developer may prioritize the work to be undertaken by the Developer's Contractor pursuant to the Developer's Construction Contract in order to best accomplish the Developer's goal of obtaining a Certificate of Occupancy for the West Oaks Mall by September 30, 1996. (E) In consideration of the Developer's construction of the White Road Improvements in accordance with the Plans, the City hereby agrees to pay to the Developer the Add Alternate Price-in the amount of$646,215.54. Any cost overruns under the Developer's Construction Contract with respect to the White Road Improvements shall also be paid by the City to the Developer, provided, however, that the City shall only be responsible for such cost overruns if the Developer has obtained the prior written approval of the City Engineer with rsepect thereto, which approval will not unreasonably be withheld. Any change orders issued to the Developer by the City Engineer which result in a reduction in the Add Alternate Price to be paid by the Developer to the Developer's Contractor shall also reduce the total amount paid by the City to the Developer for the White Road Improvements, it being the intent of the parties that the total amount paid by the City to the Developer for the construction of the White Road 5 r=ts-4/—tet. +U5t, t-veUM rULEY AND :_ARDNER :0 6413+ 1 743 PAGE 9/ 14 Improvements shall be equal to the amount paid by the Developer to the Developer's Contractor for such improvements. (F) Pursuant to the request of the Developer, all payments by the City for the White Road Improvements shall be by a joint check made payable to the Developer and the Developer's Contractor. The City shall make such payments in accordance with the draw schedule set forth in the Developer's Construction Contract,a copy of which has heretofore been delivered to the City Engineer. Whenever payment is due under said draw schedule, the Developer shall submit to the City a copy of the draw request submitted to the Developer by Developer's Contractor on such forms as may be utilized by the Developer. All such draw requests shall typically be submitted to the City by the 25th day of each month and shall be paid by the City no later than 30 days thereafter. The City shall not be required to pay to the Developer the 10% retainage under the Developer's Construction Contract until such time as final payment is made by the Developer to the Developer's Contractor for the White Road Improvements. The Developer will obtain and deliver to the City lien waivers from the Developer's Contractor and all subcontractors,and affidavits of the general contractor evidencing payment in full of the amount of each draw request. The Developer shall at all times fully comply with the terms and requirements of the State of Florida Construction Lien Law and shall not allow any liens to attach to the property underlying the White Road Improvements (G) Upon completion of the White Road Improvements, the Developer shall deliver the following to the City: i) Bill of Sale for the White Road Improvements. ii) Original two (2) year maintenance bond. The City will accept a maintenance bond in the form set forth in the City's Land Development Code. Alternatively, the City will accept a maintenance bond naming the City as a dual 6 FE8-27-96 09 . 57 FROM- FOLEY AND LARONER 1D-G48+1743 PAGE 10/14 obligee so long as the Developer assigns to the City its contract Nights with the Developer's Contractor under the Developer's Construction Contract as it relates to the White Road Improvements and the Developer's Contractor acknowledges such assignment. iii) Two (2) sets of was-built- drawings of the White Road Improvements. iv) A certification from the Developer's Contractor as to the final cost of the White Road Improvements. v) Engineer and surveyor certification letters in accordance with the requirements of the City's Land Development Code;provided, however, that the City will be responsible for obtaining these letters. vi) Letter from St. Johns River Water Management District indicating acceptance of any permitted work undertaken in accordance with the Plans; provided, however, that the City shall be responsible for obtaining this letter. vii) Final Release of Lien by Developer's Contractor evidencing full payment of all sums due for the White Road Improvements; provided, however, that this may be delivered concurrent with the final payment by the City to the Developer. viii) Certificate of Completion issued by the City. The City agrees to accept the White Road Improvements and make final payment (including retainage)upon completion of the above-referenced items. Final payment shall be by joint check made payable to the Developer and Developer's Contractor. - (H) Nothing contained herein shall be construed to make the completion of the White Road Improvements and the acceptance thereof by the City a condition precedent to the 7 1 U t3416+174PAGE i 1/ 14 issuance of a certificate of completion and/or certificate of occupancy for any other improvements being constructed on the Property or Clarke Road in connection with the West Oaks Mall Project. (I) The City Engineer or his designee will be responsible for answering in a timely manner any questions that the Developer's Contractor may have regarding the Plans and the interpretation thereof. SECTION 3. Cons ruction Inspection Services. The City Engineer or his designee shall be responsible for construction inspection services associated with the White Road Improvements and the City acknowledges that the cost thereof is not included in the monies being paid by the City to the Developer. SECTION 4. AdministrativeJce. In addition to the monies being paid by the City to the Developer pursuant to Section 2 above, the City agrees to pay to the Developer an administrative fee in the amount of three percent (3%) of the actual cost of the White Road Improvements paid by the Developer to the Developer's Contractor, provided, however, that said Administrative..Fee shall not exceed $19,386.46 ("the Administrative Fee"). The Administrative Fee shall be paid to the Developer at the time of final payment as provided in Section 2(G) above. The Administrative Fee is intended to compensate the Developer for handling contract administration, draw requests, and collecting lien waivers from the Developer's Contractor and for the costs of any additional liability insurance obtained in connection with the White Road Improvements. SECTION 5. No Liability for Plans. The Developer and the Developer's Contractor shall not be responsible for and are not assuming any liability with respect to the design, engineering and permitting of the White Road Improvements and the preparation of the Plans. 8 • �� < :yo . 5 5o rrcuri rui.cs ftrvU :..HKUNtK i ) 646+1743 PAGE 12, 14 The parties hereto acknowledge that the Developer has not participated in the preparation of the Plans. SECTION 6. Effective Date. The Effective Date of this Second Amendment shall be the date that the last of the parties to this Second Amendment has executed the same and such date shall be inserted on the first page of this Second Amendment. SECTION 7. Defined Terms. All capitalized terms not otherwise defined herein shall have the meaning attributed to such term in the Development Agreement. SECTION 8. Unmodified. Except as expressly modified herein, the Development Agreement remains unchanged and in full force and effect. IN WITNESS WHEREOF, the Developer and the City have caused this Second Amendment to be executed by their duly authorized officers or representatives as of the day and year first above written. DEVELOPER: Signed, sealed and delivered GGPIHOMART, INC., a in the presence of: Delaware corporation By: Signature Name: PrinuType Name Title: Dated: , 1996 Signature (CORPORATE SEAL) Printaype Name 9 t:b yb 1: 5d rKUt'1 FULLY AND LAKUNEK 11.) e34e4.1743 PAGE 13/ i4 CITY: CITY OF OCOEE, a Florida municipal corporation By: Signature S.SCOTT VANDERGRIFT,Mayor Attest Print/Type Name JEAN GRAFTON, City Clerk Dated: March , 1996 Signanue (SEAL) Ptiat/Type Name FOR USE AND RELIANCE ONLY APPROVED BY THE OCOEE CITY BY THE CITY OF OCOEE, FLORIDA COMMISSION AT A MEETING APPROVED AS TO FORM AND LEGALITY HELD ON March , 1996 this day of March, 1996. UNDER AGENDA NO. FOLEY & LARDNER By: City Attorney 10 FE1 -27-96 09- St3 FROM FOLEY AND LARDNER ID 649+ 1743 PACE 14/ 14 STATE OF ) COUNTY OF ) I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid, to take acknowledgements, personally appeared , well known to me to be the President of GGP/HOMART, INC., a Delaware corporation, and that he/she acknowledged before me executing the same freely and voluntarily under authority duly vested in him/her on behalf of said corporation He/She ( ] is personally known to me or ( ] produced as identification. 'WITNESS my hand and official seal in the County and State last aforesaid this day of , 1996. Signature of Notary (NOTARIAL SEAL) 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 GRAFTON, well known to me to be the Mayor and City Clerk, respectively, of the CITY OF OCOEE, a Florida municipal corporation, 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. They are personally known to me. 'WITNESS my hand and official seal in the County and State last aforesaid this day of March, 1996. Signature of Notary (NOTARIAL SEAL) • Name of Notary (Typed,Printed or Stamped) Commission Number(if not legible on seal): My Commission Expires(if not legible on seal): 11