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HomeMy WebLinkAboutVI(B 1-3) Second Reading of Ordinance Prairie Lake PUD Land Use Amendment, PSP Amendment and Amendment to Development Agreement • Agenda 12-16-2003 Center of Good LIG Item VI B 1,2,3 S1�e - I1j� Commissioners Mayor '" Danny Howell. District 1 S. Scott Vandergrift (au 4h�•` ' ` • OCOR -7Scott Anderson. District 2 Rusty Johnson. District City Manager Jim GleasonNancy J. Parker. District 4 z. STAFF REPORT DATE: November 24, 2003 TO: The Honorable Mayor and City Commissioners FROM: Robert Lewis, AICP, Planning Manager THROUGH: Russ Wagner, AICP, Community Development Director VI/ SUBJECT: Prairie Lake PUD— Project#LS-02-003 1) Land Use Plan Amendment—Ordinance#2003-62 2) Prairie Lake Reserve, Preliminary Subdivision Plan ISSUE: Should the Mayor and City Commissioners adopt Ordinance# 2003-62, approving a proposed amendment to the Prairie Lake PUD Land Use Plan and approve the proposed Prairie Lake Reserve Preliminary Subdivision Plan? Prairie Lake Reserve is a townhome development with a total of 169 units. BACKGROUND: The Prairie Lake PUD, is located on the both sides of Clarke Road, between AD Mims Road and Hackney Prairie Road. It includes tracts for commercial development and tracts for multifamily development at varying densities, as well as a Fire Station. The Prairie Lake Reserve Preliminary Subdivision Plan includes Tract 'D' of the Prairie Lake PUD (18.36 acres), as well as an additional adjacent tract of land (20.69 acres). The Prairie Lake PUD Land Use Plan is being amended to include the additional 20.69 acre tract, so the entire Prairie Lake Reserve subdivision will be part communityof the PUD. ThePwith fee simple own ship orairie Lake Reserve atheton units.ill be developed as a private, gated townhome The Prairie Lake Reserve property has frontage on the east side of Clarke Road and along Ron Strosnider Avenue, which intersects with Clarke Road on the south side of the Fire Station. Prairie Lake is on the property's northern boundary and AD Mims Road with the atadjacent act s railroad tracks are located along its southern boundary. The adjacent property t currently undeveloped and has not been annexed into the City. Tract `D' of the Prairie Lake PUD (18.36 acres)has a High Density Residential akePUDture Land Use and the adjacent designation. to the easttbot onal 20.69 acre tract being added to the have a Low Density Residential Future Land Use designation. City of Ocoee• 150 N Lakeshore Drive• Ocoee.Florida 34761 phone: ( 107)905-3100• fax:(407)656-8504• www.ci.ocoee.fLUS • November 24,2003 Honorable Mayor and City Commissioners Page 2 DISCUSSION: Prairie Lake PUD Land Use Plan Amendment: As indicated above, the proposed amendment to the Prairie Lake PUD Land Use Plan will add an additional 20.69 acre adjacent tract of land to the PUD. The current Land Use Plan for the Prairie Lake PUD has only one large plan sheet. With this amendment, some minor changes will be made on that plan sheet, and a second plan sheet will be added to the Land Use Plan (see attached Revised Prairie Lake PUD Land Use Plan). The second plan sheet includes more detailed information about the additional 20.69 acre tract (identified as Tract 'K'), and some Additional Conditions of Approval related to Tracts 'D' and `K'. Since it is part of the original Prairie Lake PUD, Tract 'D' is vested from concurrency issues. However, since it was not part of the original Prairie Lake PUD, Tract 'K' is not vested from concurrency issues. The Prairie Lake PUD allows multifamily or townhome units to be built on Tract 'D'_ This amendment will also allow multifamily or townhome units to be built on Tract 'K'. However, since Tract 'K' still has a Low Density Residential Future Land Use designation, the net density of the townhomes that will be built on Tract'K' must be no more than 4 dwelling units per acre. Prairie Lake Reserve Preliminary Subdivision Plan: As indicated above, the Prairie Lake Reserve subdivision is a townhome development with a total of 169 units and is intended to be a gated community (see attached Prairie Lake Reserve PSP). Therefore, there will be a single entrance to the subdivision from Ron Strosnider Avenue. There will also be a crash gate for emergency access only located just behind the Fire Station. Ron Strosnider Avenue will be extended along the eastern edge of the adjacent commercial tract beyond the subdivision entrance, and then along the southern boundary of the subdivision adjacent to the railroad tracks (along AD Mims Road)all the way to the eastern boundary of the property. This road extension is necessary to maintain access to the adjacent undeveloped property to the east, but it will not be constructed with the Prairie Lake Reserve subdivision. Recreation facilities for the residents, including the required meeting room space, will be provided within the project itself. The subdivision plan shows only storm water retention ponds located along Clarke Road. The buffer between the retention ponds and Clarke Road will include several existing trees that will be preserved, supplemented by new trees and shrubs. There will not be a wall or a fence within that buffer. A 6' decorative metal fence with brick columns and landscaping will be provided along Ron Strosnider Avenue, along the entire frontage of the subdivision. The buffer landscaping, as well as the landscaping in the common areas within the subdivision, will meet the City's recently upgraded landscaping provisions related to size and amount of plant materials for multi-family developments. The layout and density within the western portion of the subdivision (Tract 'D' of the PUD) will be similar to the nearby Wentworth townhome development currently under construction. However, the eastern portion of the subdivision (Tract 'K' of the PUD) has a Low Density Residential Future Land Use designation as already mentioned, and there are wetlands located adjacent to the lake. These constraints result in a lower density (just less than 4 du/ac) with slightly larger units in the eastern portion of the subdivision. Given that there are significant elevation differences on the site, there will be substantial grading during construction that may require the use of retaining walls in some locations. Grading issues and landscaping issues will be evaluated in detail during review of the Final Subdivision Plan in an effort to preserve existing tree cover wherever possible. November 24, 2003 Honorable Mayor and City Commissioners Page 3 DEVELOPMENT REVIEW COMMITTEE RECOMMENDATION: The proposed Prairie Lake PUD Land Use Plan Amendment and the Prairie Lake Reserve Preliminary Subdivision Plan were both reviewed by the Development Review Committee (DRC) on October 30, 2003. There were some issues to be addressed from the City Attorney, the Public Works/ Engineering Department and from the Planning Division that were identified in written staff comments. All of the issues were discussed and the changes to the Plans were agreed upon. When the discussion was finished, the Committee voted unanimously to recommend approval of the proposed Prairie Lake PUD Land Use Plan Amendment and the Prairie Lake Reserve Preliminary Subdivision Plan, subject to making the changes identified in written staff comments and agreed upon at the DRC meeting. The plans for both the Prairie Lake PUD Land Use Plan Amendment and the Prairie Lake Reserve Preliminary Subdivision Plan have now been revised to address the issues that were discussed at the DRC meeting. However, a minor change to Additional Condition of Approval# 6 is still needed on Sheet 2 of the Prairie Lake PUD Land Use Plan. That Condition should be revised to be consistent with Condition of Approval # 64 on the Prairie Lake Reserve Preliminary Subdivision Plan. There is also one remaining engineering issue that still needs to be addressed related to the Prairie Lake Reserve Preliminary Subdivision Plan (see attached memo from the Public Works/Engineering Department, dated November 6, 2003). PLANNING AND ZONING COMMISSION RECOMMENDATION: On November 11, 2003 the Planning and Zoning Commission held a public hearing to consider the proposed amendment to the Prairie Lake PUD Land Use Plan and the proposed Prairie Lake Reserve Preliminary Subdivision Plan. The City Staff and the Developer answered questions about the density, buffers, turn lanes and concurrency vesting. There was no one from the public to speak regarding these requests. When the discussion was finished, the Planning and Zoning Commission voted unanimously to recommend approval of the proposed Prairie Lake PUD Land Use Plan Amendment and the Prairie Lake Reserve Preliminary Subdivision Plan, per the Staff recommendation. STAFF RECOMMENDATION: Prairie Lake PUD Land Use Plan Amendment: Based on the recommendations of the DRC and the Planning and Zoning Commission, Staff respectfully recommends that the Mayor and City Commissioners adopt Ordinance # 2003-62, approving the proposed Prairie Lake PUD Land Use Plan Amendment, date stamped received by the City on November 3, 2003, subject to making the change to Additional Condition of Approval # 6 as described above on Sheet 2 of the Land Use Plan. Approval of the Prairie Lake PUD Land Use Plan Amendment will also need to be subject to execution and approval of an amended Development Agreement. November 24,2003 Honorable Mayor and City Commissioners Page 4 Prairie Lake Reserve Preliminary Subdivision Plan: Based on the recommendations of the DRC and the Planning and Zoning Commission, Staff respectfully recommends that the Mayor and City Commissioners approve the Prairie Lake Reserve Preliminary Subdivision Plan, date stamped received by the City on November 3, 2003, subject to the Applicant meeting with the Public Works / Engineering Department prior to the City Commission meeting to resolve the last remaining issue described in the attached memo from that department. Approval of the Prairie Lake Reserve Preliminary Subdivision Plan will also need to be subject to approval of the Prairie Lake PUD Land Use Plan Amendment and execution and approval of an amended Development Agreement. Attachments: Copy of Ordinance#2003-62 Memo from Public Works!Engineering Department,dated November 6,2003 Revised Prairie Lake PUD Land Use Plan,date stamped November 3,2003 - -Prairie Lake Reserve,Preliminary Subdivision Plan,date stamped November 3,2003 O:\Staff Reports\2003\SR03123 CC.doc � Center of Good Li Mayor vine Commissioners►. -•� S. Scott Vanderrift Danny Howell. District 1 ;: �, = Scott Anderson, District 2 Rusty Johnson, District 3 OC`" Jim Gleason � -- i_ Nancy J. Parker, District 4 Praire Lake Reserve PUD Large Scale Site Plan-5th Staff Review Public Works Department Comments November 6,2003 The following are the results of your fifth submittal for the above referenced project. If you have any questions pertaining to the quested information, please contact our o 1. It appears that the latest calculations submitted for Basin B didalnot meet the qu59 ac-ft 1 0 yar/24 hour storm event runoff volume. According your f storage is required and only 5.775 ac-ft of storage is provided within Pond B. Please resolve this issue. Public Works Department COO 14011/11 - Alex Z. Nasser, P.E. Staff Engineer City of Ocoee•.150 N Lakeshore Drive•Ocoee,Florida 34761 Phone:(407)905-3100•Fax:(407)656-8504•www.ci.ocoee.fl.us ORDINANCE NO.2003-62 CASE NO.: LS-02-003:Prairie Lake PUD Amendment AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA CHANGING THE ZONING CLASSIFICATION FROM OCOEE R-1-A, "SINGLE FAMILY DWELLING DISTRICT" TO OCOEE "PUD", PLANNED UNIT DEVELOPMENT DISTRICT, FOR CERTAIN REAL PROPERTY COMPRISING APPROXIMATELY 20.694 ACRES LOCATED APPROXIMATELY 900 FEET EAST OF CLARKE ROAD AND JUST NORTH OF A.D. MIMS ROAD, PURSUANT TO THE APPLICATION SUBMITTED BY THE PROPERTY OWNER; AMENDING THE PRAIRIE LAKE _ PUD TO INCORPORATE SAID PROPERTY; FINDING SUCH ZONING TO BE CONSISTENT WITH THE OCOEE COMPREHENSIVE PLAN, THE OCOEE CITY CODE, AND THE JOINT PLANNING AREA AGREEMENT; PROVIDING FOR AND AUTHORIZING THE REVISION OF THE OFFICIAL CITY ZONING MAP; REPEALING INCONSISTENT ORDINANCES; PROVIDING AN EFFECTIVE DATE. WHEREAS, the owner (the "Owner") of certain real property located within the corporate limits of the City of Ocoee,Florida, as hereinafter described,has submitted an application to the City Commission of the City of Ocoee, Florida (the "Ocoee City Commission") to rezone said real property from R-1-A, "Single-Family Dwelling District" to Ocoee "PUD", Planned Unit Development District (the "Zoning") and to incorporate said property into the Prairie Lakes PUD and approve the Amended Land Use Plan for Prairie Lakes PUD (the"Amended LUP"); and WHEREAS, pursuant to Chapter 180 of the Code of Ordinances of the City of Ocoee (the "Ocoee City Code"), the Planning Director has reviewed said application and determined that the Zoning requested by the Owner is consistent with the City of Ocoee Comprehensive Plan as set forth in Ordinance No. 91-28, adopted September 18, 1991, as amended (the"Ocoee Comprehensive Plan"); and WHEREAS, the Amended Land Use Plan was scheduled for study and recommendation and was reviewed by the development Review Committee ("DRC"); and WHEREAS, the DRC found that the Amended Land Use Plan was a substantial amendment to the existing Prairie Lakes Land Use Plan and approved said Amended Land Use Plan; and 006.316862.1 WHEREAS, the Zoning and the Amended Land Use Plan were scheduled for study and recommendation and were reviewed by the Planning and Zoning Commission of the City of Ocoee ("PZC"); and WHEREAS, the PZC has held a public hearing with public notice thereof and reviewed the Amended Land Use Plan and the Zoning for consistency with the Ocoee Comprehensive Plan and determined that the Zoning is consistent with the Ocoee Comprehensive Plan and is in the best interest of the City and has recommended to the Ocoee City Commission that it approve the Amended Land Use Plan and the Zoning and find the Zoning consistent with the Ocoee Comprehensive Plan; and WHEREAS, the Ocoee City Commission has held a de novo public hearing with public notice thereof with respect to the Amended Land Use Plan and the Zoning; and WHEREAS, this Ordinance has been considered by the Ocoee City Commission in accordance with the procedures set forth in Section 166.041(3),Florida Statutes. NOW,THEREFORE,BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF OCOEE,FLORIDA,AS FOLLOWS: SECTION 1. Authority. The City Commission of the City of Ocoee has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida and Chapter 166,Florida Statutes. SECTION 2. Rezoning. The zoning classification, as defined in the Ocoee City Code, of the following described parcel of land containing approximately 20.694 acres located within the corporate limits of the City of Ocoee, Florida, is hereby changed from Ocoee R-1-A, "Single Family Dwelling District" to Ocoee "PUD", Planned Unit Development District: See Exhibit "A" attached hereto and by this reference made a part hereof (the"Property"). SECTION 3. Map. A map of the Property which clearly shows the area of Zoning is attached hereto as Exhibit"B" and by this reference is made a part hereof. SECTION 4. Land Use Plan. The above-described Property is hereby incorporated into and is hereby approved subject to the Conditions of Approval and Waiver(s) from the Ocoee Land Development Code set forth thereon: That certain Prairie Lake PUD Amendment (September 10, 2003) prepared by June Engineering Consultants, Inc. date stamped received by the City on November 3, 2003 with such additional revisions thereto, if any, as may be reflected in the minutes of the City Commission of the City of Ocoee meeting approving the same. -2- 006.316862.1 The above described Land Use Plan is attached hereto as Exhibit "C" and by this reference made a part hereof. SECTION 5. Official Zoning Map. The City Clerk is hereby authorized and directed to revise the Official Zoning Map of the City of Ocoee in order to incorporate the Zoning-enacted by this Ordinance and the Mayor and City Clerk are hereby authorized to execute said revised Official Zoning Map in accordance with the provisions of Section 5-1(G) of Article V of Chapter 180 of the Ocoee City Code. SECTION 6. Ocoee Comprehensive Plan. The Ocoee City Commission hereby finds that this Ordinance is consistent with the Ocoee Comprehensive Plan and the JPA Agreement. SECTION 7. Inconsistent Ordinances. All ordinances or parts of ordinances in conflict or inconsistent herewith are hereby repealed and rescinded. SECTION 8. Severability. If any section, subsection, sentence, clause, phrase, or portion of this Ordinance 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 hereto. SECTION 9. Effective Date. This Ordinance shall become effective upon passage and adoption. -3- 006.316862.1 PASSED AND ADOPTED this day of , 2003. APPROVED: ATTES-T: CITY OF OCOEE,FLORIDA Jean Grafton, City Clerk S. Scott Vandergrift,Mayor (SEAL) ADVERTISED ,2003 READ FIRST TIME ,2003 READ SECOND TIME AND ADOPTED ,2003 UNDER AGENDA ITEM NO. FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE,FLORIDA APPROVED AS TO FORM AND LEGALITY this day of 2003. FOLEY & LARDNER By: City Attorney -4- 006.316862.1 EXHIBIT "A" Legal Description PARCEL 2 A PORTION OF SECTION 9, TOWNSHIP 22 SOUTH, RANGE 22 EAST, ORANGE COUNTY,FLORIDA,BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF THE NORTHEAST ONE-QUARTER (NE 1/a ) OF SECTION 9, TOWNSHIP 22 SOUTH, RANGE 28 EAST; THENCE NORTH 00°06'28" WEST ALONG THE EAST LINE OF THE NORTHEAST ONE-QUARTER (NE 1/4) OF SAID SECTION 9, A DISTANCE OF 55.34 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE NORTH 00°0628" WEST, 1276.32 FEET; THENCE NORTH 89°46'-12" WEST ALONG THE NORTH LINE OF THE SOUTHEAST ONE-QUARTER(SE 1/a) OF THE NORTHEAST ONE-QUARTER (NE 1/4) OF SAID SECTION 9, A DISTANCE OF 684.51 FEET; THENCE SOUTH 00°24'51" EAST, 1333.20 FEET; THENCE SOUTH 89°53'44" EAST, 466.47 FEET, THENCE NORTH 75°23'15" EAST ALONG THE NORTHERLY LINE OF A 60 FOOT WIDE RAILROAD RIGHT-OF-WAY, 217.84 FEET TO THE POINT OF BEGINNING. SAID LANDS LYING IN THE CITY OF OCOEE, ORANGE COUNTY, FLORIDA, CONTAINING 20.694 ACRES,MORE OR LESS. -5- 006.316862.1 EXHIBIT "B" Additional Land Being Added to Prairie Lake PUD Location Map ,7-_______ Iii I11i `__.:C . , .4tr r77.11 Ti 4. rii,ff.,,,, 1 r„j LAKE ( am !yr am ff l N �-►`I ��.,i l,l gp�11NG�N .r-� LAKE \\ `.# . HACKNEY / .j _� /_ l .4 is iii i"_ w.`l ✓ ' am N1t 0 PRAIRIE LAKE 9 �' ' ] c___\ B� _ ---< n i IL011. tMs 1° ' ;'+ .. / cc 1�Y1 — v) ti- E.; ila - - goomwt sit SIO I, goo - so a to r: go •• % B.Auk ,(61 1 1 III /st-.41.ii,ruci _ 1 �611 ;elmsgliair4 • lull nY/1►� i,; � iii�o ^ 111► ,.�OlPio "0 *la �:T �111r -6- 006.316862.1 EXHIBIT "C" [Insert Land Use Plan] -7- 006.316862.1 FOLEY : LARDNER MEMORANDUM CLIENT-MATTER NUMBER 020377-0597 TO: The Honorable Mayor and City Commissioners of the City of Ocoee FROM: Scott A. Cookson, Esq.,Assistant City Attorney DATE: December 9, 2003 RE: Prairie Lake PUD— Third Amendment to Development Agreement ISSUE: Whether the City Commission should approve the proposed Third Amendment to Development Agreement. DISCUSSION: In connection with the approval of the Prairie Lake PUD Land Use Plan,the City and the Developer entered into a Development Agreement (the "Development Agreement"). Over time, and with the development of the Prairie Lake PUD property, the Development Agreement was been amended on two previous occasions. The Developer has now submitted plans to include adjacent property into the Prairie Lake PUD. Since the PUD is proposed to be amended, the Development Agreement also needs to be amended to set forth the new Conditions of Approval. The attached proposed Third Amendment to Development Agreement replaces the old Conditions of Approval and Waiver Table with the new Conditions of Approval and Waiver Table set forth on the Amended Land Use Plan. The Third Amendment to Development Agreement will be binding on the current owner as well as any subsequent purchasers. RECOMMENDATION: It respectfully is recommended that the City Commission approve the Third Amendment to Development Agreement and authorize the execution thereof by the Mayor and City Clerk. Attachment FOLEY&LARDNER 006.318513.1 THIS INSTRUMENT PREPARED BY AND SHOULD BE RETURNED TO: Paul E. Rosenthal, Esq. FOLEY & LARDNER 111 North Orange Avenue, Suite 1800 Post Office_Box 2193 Orlando, FL 32802-2193 (407)423-7656 RETURN TO: For Recording Purposes Only Jean Grafton, City Clerk CITY OF OCOEE 150 N. Lakeshore Drive Ocoee, FL 34761 (407)656-2322 THIRD AMENDMENT TO DEVELOPMENT AGREEMENT (PRAIRIE LAKE PUD) THIS THIRD AMENDMENT TO DEVELOPMENT AGREEMENT (the "Third Amendment") is made and entered into as of the _ day of , 2003 by and between SILVESTRI INVESTMENTS OF FLORIDA, INC., a Florida corporation (hereinafter referred to as the "Developer"), whose address is 3033 Chimney Rock Road, Suite 400, Houston, Texas 77056, ORLANDO METRO PROPERTIES, INC., a Florida corporation (hereinafter referred to as the "Additional Property Owner"), whose address is P.O. Box 259, Windermere, Florida 34786, 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: 006.285295.5 WHEREAS, the Developer and the City entered into that certain Development Agreement dated June 18, 1991 and recorded December 6, 1991 in Official Records Book 4352, page 1655, as amended by the First Amendment thereto dated December 13, 1994 and recorded in Official Records Book 4839, Page 2121 and the Second Amendment thereto dated October 3, 1995 and recorded in Official Records Book 4956, Page 4908, all of the Public Records of Orange County, Florida (collectively, the "Development Agreement"); and WHEREAS, the Additional Property Owner is the owner of certain real property located within Orange County, Florida which is contiguous to the Prairie Lakes PUD, all as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof(the "Additional Property" or "Tract K"); WHEREAS, pursuant to the application of Prairie Lake Reserve, Inc., a Florida corporation (the "Applicant"), on , 2003 the Ocoee City Commission approved, subject to the execution of this Third Amendment, the Land Use Plan Amendment to Prairie Lake PUD, as prepared by and being date stamped as received by the City on , 20 , with such additional revisions thereto, if any, as may be reflected in the minutes of said City Commission meeting (collectively, the "LUP Amendment"); WHEREAS, the LUP Amendment added the Additional Property to the Prairie Lake PUD; WHEREAS, pursuant to the petition of the Applicant, on , 2003 the Ocoee City Commission approved Ordinance No. rezoning the Additional Property as "PUD" under the Ocoee Land Development Code; and 006.285295.5 2 WHEREAS, the provisions of Section 4-5A(5) of Article IV of the Ocoee Land Development Code requires that Developer, the Additional Property Owner and the City enter into a development agreement incorporating all plans and conditions of approval by reference; and WHEREAS, the Developer, the Additional Property Owner, and the City desire to execute this Agreement in order to fully comply with the provisions of the Ocoee Land Development Code; and WHEREAS, the Developer, the Additional Property Owner and the City desire to amend the Development Agreement to include the Additional Property and to address certain matters related to the Additional Property. NOW THEREFORE, in consideration of the mutual promises 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. Definition of "Property". The definition of "Property" and "Prairie Lakes PUD" are hereby amended to include the Additional Property. Section 3. Concurrency Review. The Additional Property is not vested under the provisions of the City's Land Development Code. Development of the Additional Property shall be subject to concurrency review under the City's Comprehensive Plan and Land Development Code. The vested rights in favor of that portion of the Property owned by 006.285295.5 3 Developer, except for the Additional Property, shall remain in full force and effect and shall not be altered, changed, reduced or impaired by reason of including the Additional Property as part of the Property. Section 4. Right of Way Conveyance. Within 60 days after receipt of written notice from the City, the owner of the property depicted in Exhibit "B" and by this reference incorporated herein (the "ROW Property") shall convey the ROW Property to the City by special warranty deed free and clear of all liens and encumbrances except for those matters acceptable to the City. The form of the special warranty deed shall be subject to the approval of the City. In the event that The ROW Property is not platted at the time of the City's notice, at least twenty (20) days prior to the conveyance, the owner of the ROW Property shall, at such owner's sole cost and expense, provide to the City for review and approval a metes and bounds legal description and sketch of description, both certified to the City, for the property to be conveyed. The owner of the ROW Property shall, contemporaneously with the conveyance of the ROW Property, provide to the City a current attorney's opinion of title or a current title commitment to be followed by a policy of title insurance, evidencing that fee simple title to the property is free and clear of all liens and encumbrances except for those matters acceptable to the City. The costs and expenses related to the conveyance of the property, including the cost of title work, shall be borne solely by the owner of the ROW Property. Real property taxes on the property shall be prorated as of the day of the City's acceptance of the conveyance of the same, and the prorated amount of such real property taxes attributable to the owner of the ROW Property shall be paid and escrowed by such owner in accordance with the provisions of Section 196.295, Florida Statutes; provided, however, that 006.285295.5 4 if the conveyance occurs between November 1 and December 31, then the owner shall be responsible for real property taxes for the entire year. Neither the owner of the ROW Property, its successors and assigns, nor any other person or entity shall be entitled to any road impact fee credits or other compensation of any kind for, on account of, or with respect to the required conveyance of the ROW Property. Notwithstanding the foregoing, in the event the City has not requested the conveyance of the ROW Property prior to the time the first plat is filed for property which includes Tracts C, D or K of the LUP Amendment, the ROW Property shall be conveyed to a property owners association for ownership and maintenance pending the City's request for the same. The ROW Property shall be conveyed to the association subject to an easement in favor of the City for right of way and public utility purposes. Prior to the conveyance of the ROW Property to the City, the then owner of the ROW Property shall at all times be responsible for the maintenance of the ROW Property. Section 5. Road and Park Impact Fees. Notwithstanding any provision contained in this Third Amendment to the contrary, to the extent that the Developer has been granted any road impact fee credits or park impact fee credits under the provisions of the Development Agreement or otherwise or may now or hereafter be granted with respect to the Prairie Lake PUD, it is hereby agreed that neither the Developer, the Additional Property Owner, their respective successors and/or assigns, nor any other person or entity shall be entitled to use such impact fee credits with respect to the Additional Property. Further, notwithstanding the provisions of Section 7 of the Development Agreement, it is hereby agreed that all impact fees applicable to the Additional Property shall be paid at the rates in effect at the time of issuance of applicable building permits. The road impact fee credits and park impact fee credits granted 006.285295.5 5 to Developer with respect to that portion of the Property owned by Developer, shall remain in full force and effect and shall not be altered, changed reduced or impaired by reason of any provisions of this Third Amendment and the LUP Amendment, and by reason of including the Additional Property as part of the Property. Section 6. Conditions of Approval. The City of Ocoee approved the LUP Amendment subject to those certain Additional Conditions of Approval adopted by the Ocoee City Commission on , 2003, a true copy of said Additional Conditions of Approval being attached hereto as Exhibit "C" and by this reference made a part hereof (the "Additional Conditions of Approval"). All references in the Development Agreement to the Conditions of Approval shall be deemed to include the Additional Conditions of Approval. The Additional Conditions of Approval shall only be applicable to Tract K of the Prairie Lakes PUD as the Additional Property. Section 7. Contingency of Third Amendment and LUP Amendment. This Third Amendment and the LUP Amendment are contingent upon the Additional Property Owner acquiring title to Tract D of the Prairie Lake PUD ("Tract D") from Developer. The execution of a deed from Developer to Additional Property Owner and the subsequent recording of said deed of conveyance among the public records of Orange County, Florida shall satisfy this contingency. Within ten (10) days of the recording of the deed of conveyance, the Additional Property Owner shall provide to the City a copy of the recorded deed together with a letter confirming that the deed has been recorded and that the closing on the sale of Tract D from Developer to Additional Property Owner has occurred. The Additional Property Owner shall cause this Third Amendment to be recorded among the Public Records of Orange County, 006.285295.5 6 Florida following the deed of conveyance and prior to the recording of any mortgages on Tract D, or, in the event a mortgage is recorded ahead of this Third Amendment, the Additional Property Owner shall cause the mortgage holder to execute a recordable document, in a form acceptable to the City, evidencing that the mortgage holder joins in and consents to this Third Amendment and that its mortgage is subordinate to this Third Amendment. Within sixty (60) days of the recording of the deed of conveyance, the Additional Property Owner shall present to the City an updated title report evidencing that the Property was not encumbered by a mortgage or other encumbrance not accepted by the City at the time of recording of this Third Amendment. In the event the Additional Property Owner does not acquire fee simple title to Tract D from Developer, then this Third Amendment and the LUP Amendment shall be null and void and of no further force and effect and the Additional Property shall not be part of Prairie Lake PUD. 1 Section 8. Developer. The term Developer as used in the Development Agreement, as amended, shall mean only Silvestri Investment Company of Florida, Inc. The Developer shall have the right to amend the Development Agreement and the Land Use Plan, subject to the City's approval process, as it relates to the portion of Prairie Lake PUD owned by Developer, without the requirement that the owner of the Additional Property join in or participate in the approval process, and without the necessity for such owner's consent to any such amendment. Section 9. Effective Date. The Effective Date of this Third Amendment shall be the day and year first above written, which shall be the day and year this Agreement is approved by the Ocoee City Commission. This Agreement shall be null and void and of no 7 006.285295.5 further force and effect in the event the Additional Property Owner does not acquire title to Tract D from Developer in accordance with the provisions of Section 6 hereof. Section 10. Defined Terms. All capitalized terms not otherwise defined herein shall have the meaning attributed to such term in the Development Agreement. Section 11. Unmodified. In the event of a conflict between any of the foregoing provisions and the Prairie Lake PUD, including the Land Use Plan Conditions of Approval with respect thereto, it is agreed that the provisions of this Third Amendment shall control. Except as expressly modified herein, the Development Agreement remains unchanged and in full force and effect. IN WITNESS WHEREOF, the Developer, the Additional Property Owner and the City have caused this Third Amendment to be executed by their duly authorized officers or representatives as of the day and year first above written. Signed, sealed, and delivered DEVELOPER: in the presence of: SILVESTRI INVESTMENTS OF FLORIDA, INC., a Florida corporation By: Printed Name: Printed Name: Title: Printed Name: Date: 006.285295.5 8 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 SILVESTRI INVESTMENTS OF FLORIDA, INC., a Florida 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 , 2003. Signature of Notary Name of Notary (type, printed or stamped) Commission Number(if not legible on seal): Commission Expires(if not legible on seal): 006.285295.5 9 Signed, sealed, and delivered ADDITIONAL PROPERTY OWNER: in the presence of: ORLANDO METRO PROPERTIES, INC., a Florida corporation By: Printed Name: Printed Name: Title: Printed Name: Date: 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 ORLANDO METRO PROPERTIES, INC., a Florida 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 , 2003. Signature of Notary Name of Notary (type, printed or stamped) Commission Number(if not legible on seal): Commission Expires(if not legible on seal): 006.285295.5 10 Signed, sealed, and delivered CITY OF OCOEE, a Florida municipal in the presence of: corporation By: Printed Name: S. Scott Vandergrift, Mayor Attest: Printed Name: Jean Grafton, City Clerk Date: (SEAL) FOR THE USE AND RELIANCE APPROVED BY THE OCOEE CITY ONLY BY THE CITY OF COMMISSION AT A MEETING HELD OCOEE, FLORIDA. APPROVED ON , 2003 UNDER AS TO FORM AND LEGALITY AGENDA ITEM NO. this day of , 2003 FOLEY & LARDNER By: City Attorney 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, personally 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. WITNESS my hand and official seal in the County and State last aforesaid this day of , 2003. Signature of Notary Name of Notary (type, printed or stamped) Commission Number(if not legible on seal): Commission Expires(if not legible on seal): 006.285295.5 11 006.285295.5 12 EXHIBIT "A" (Legal Description - Additional Property) 006.285295.5 EXHIBIT "B" (ROW Property) 006.285295.5 EXHIBIT "C" (Land Use Plan - Additional Conditions of Approval) - • 41006 006.285295.5