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HomeMy WebLinkAboutItem 05 Approval of the First Amendment to the Development Agreement between the City of Ocoee and Montierre Development PLLCMeeting Date: December 5, 2023 Item #: 5 Contact Name: Craig Shadrix Department Director: Craig Shadrix Contact Number: Ext. 6434 City Manager: Robert Frank Background Summary: On October 17, 2023, the City Commission authorized the assignment of the Purchase and Sale Agreement between the City of Ocoee and the Chevron Land Development Company, which was approved by the City Commission on May 18, 2023, to Montierre Development PLLC subject to the City Manager and City Attorney's completion of any remaining de minimis tasks. Following that approval, on the same date, the City Commission authorized the City Manager and City Attorney to execute any final de minimis actions towards the execution of a Brownfield Site Rehabilitation Agreement (BSRA) with the Florida Department of Environmental Protection, naming both the City and Chevron as party to the agreement, but with the assignee, Montierre Development PLLC being designated the responsible party for all rehabilitation work. As a reminder, for a BSRA to be executed, a brownfield area must be designated (which the City Commission has already done) and a responsible party must be identified, in this case, Montierre Development, PLLC. Many of the State's economic incentives and regulatory benefits depend on the execution of a BSRA. The BSRA provides the regulatory authority and the public assurance that site rehabilitation will be conducted in accordance with the statute and the Brownfields Cleanup Criteria Rule [Chapter 62-785, Florida Administrative Code, (F.A.C.)], and provides liability protection for the responsible party, and others named in the agreement (Chevron, City of Ocoee). It also establishes the timeframes, schedules, and milestones for completion of site rehabilitation tasks and submission of technical reports, and other commitments or provisions pursuant to Section 376.80(5), F.S. and Chapter 376, F.S. During recent discussions with Chevron, it has become apparent to all parties that the review and comment timelines associated with waiting for full execution of a BSRA would not be conducive to an expedited timeline for closing. To address this, Chevron submitted to the City a draft First Amendment to the Purchase and Sales Agreement that includes the following: 1. A clarification that the BSRA is no longer required to be executed prior to closing. Section 2 of the amendment provides that Montierre Development assumes all the responsibilities for continuing with the execution of, and all associated obligations of the BSRA with FDEP; 2. An addition of language clarifying the type, duration, and the terms of the liability insurance that would be purchased by Montierre Development PLLC for satisfaction of both the terms of the Purchase and Sales City of Ocoee Bluford Ocoee, Florida 34761 • - i 90ii • +r-- • • Page 26 of 593 Agreement and the Development Agreement. Section 3 (E) of the amendment specifies that the City will be a certificate holder and that Montierre will pay the cost of the policy in full prior to receiving title to the Chevron Property. 3. Additional specific information has been added with regard to Montierre's payment obligations to the City. These requirements highlighted in Section 9 relate to the terms of payment and records retention and documentation required to meet the terms of the City's entitled portions of the proceeds from parking and hotel revenues previously agreed to. The assignment of the Purchase and Sale Agreement with Chevron Land Development Company only works (for the City) by requiring that Montierre Development PLLC assume all obligations and liabilities assumed by the City in the City's agreement with Chevron. The instrument chosen that memorializes the pass -through of these City obligations is the Development Agreement with Montierre Development PLLC. Due to the importance of the BSRA to both Chevron and the City of Ocoee and the additional indemnification it provides, it is important that the Development Agreement be amended to make those requirements of the City outlined in the First Amendment to the Purchase and Sales Agreement parallel to those in the Development Agreement. Equally as important are the specifics of the environmental indemnification insurance that have been added, as well as the financial requirements. Therefore, it is recommended that the City Commission approve the amendment incorporating the BSRA as a requirement and adding the additional liability insurance requirements for protection of the City within its commitment responsibilities per the Purchase and Sale Agreement. Issue: Should the Honorable Mayor and City Commissioners approve the First Amendment to the Development Agreement between the City of Ocoee and Montierre Development PLLC? Staff recommends the Honorable Mayor and City Commissioners approve the First Amendment to the Development Agreement between the City of Ocoee and Montierre Development PLLC. Attachments: 1. First Amendment to Development Agreement (O Montierre) Financial Impacts: The agreement sets forth financial obligations of Montierre Development PLLC to the City of Ocoee. Type of Item: Consent City of • •e- a . Avenue - Ocoee, Florida 34761 • - (4 90 01 • •-- • a Page 27 of 593 FIRST AMENDMENT TO DEVELOPMENT AGREEMENT THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (this "Amendment") is made as of November , 2023 (the "Amendment Effective Date"), by and between MONTIERRE DEVELOPMENT, PLLC, a Florida limited liability company, whose mailing address is 5669 SE Crooked Oak Ave., Hobe Sound, FL 33455 ("Montierre"), and the CITY OF OCOEE, FLORIDA, a Florida municipal corporation, whose mailing address is 1 North Bluford Ave., Ocoee, Florida 34761, Attention: City Manager ("City"). Montierre and the City are collectively sometimes referred to herein as the "Parties". RECITALS: A. The Parties executed that certain Development Agreement dated on or about May 18, 2023 (the "Development Agreement"), relating to the development of the Project (as defined in the Agreement). B. The Parties have agreed to modify the provisions of the Development Agreement on the terms and provisions hereinafter set forth. AGREEMENT: NOW, THEREFORE, for and in consideration of the mutual covenants and agreements set forth in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: I. Capitalized Terms. All capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to them in the Development Agreement. 2. BSRA. The Parties hereby acknowledge and agree that the City designated the Property as a Brownfield Area. As soon as reasonably practical following the Amendment Effective Date, Montierre, at Montierre's sole cost and expense, will submit to the Florida Department of Environmental Protection ("FDEP") the application for a Brownfield Site Rehabilitation Agreement (`BSRA"), which application will include Chevron. City agrees to cooperate with Montierre in its efforts to obtain FDEP's agreement on the terms and conditions of a BSRA. The Parties agree to use their good faith efforts to obtain FDEP's approval of the BSRA in substantial form as the Model BSRA provided in FDEP's public website for the Florida Brownfields Program at https://floridadep.gov/waste/waste-cleanup/content/brownfields-program as soon as reasonably possible, with the BSRA not to be effective until Montierre has acquired title to the Chevron Property. The City assigns, and Montierre accepts, all compliance, monitoring, mitigation, and all other obligations of the City under the BSRA. Once obtained, Montierre shall be responsible for performing all such obligations under the BSRA at Montierre's sole cost and expense. Notwithstanding such assignment, the City shall retain all liability protection provided under Florida Statutes § 376.82(2) 3. Environmental Insurance. Montierre and the City acknowledge and agree that, on or about the Amendment Effective Date, the City and Chevron have entered into that certain Page 28 of 593 First Amendment to Purchase and Sale Agreement (the "Chevron Contract Amendment") amending the Purchase and Sale Agreement executed on or about June 20, 2023 (the "Chevron Contract"). Prior to execution of the Chevron Contract Amendment, Montierre had the opportunity to review, approve and participate in the negotiation of the Chevron Contract Amendment and Montierre hereby accepts the terms of the Chevron Contract Amendment. The Chevron Contract Amendment, among other things, provides greater specificity with respect to the requirements relating to the Environmental Insurance (defined in the Chevron Contract Amendment as the "PLL Policy"). The Parties desire to adopt and include the requirements in the Chevron Contract relating to the PLL Policy to the Development Agreement and such requirements are hereby adopted and included as part of Section 5(E) of the Development Agreement as if the salve were specifically included in this Amendment. In accordance therewith, Section 5(E) of the Development Agreement is deleted in its entirety and in its place is inserted the following (defined terms herein not otherwise defined in the Development Agreement or this Amendment shall have the meanings ascribed to such terms in the Chevron Contract, including the Chevron Contract Amendment): "(E) Environmental Indemnification Insurance. The parties acknowledge that the City would not have entered into the Chevron Contract without assurances that the City would incur no liability with respect to the investigations on, purchase of and/or development of the Chevron Property. Montierre's indemnification, defense, release and hold harmless obligations set forth in subsections (A) and (B) are a material part of the City entering into this Agreement and the Chevron Contract. In addition to such obligations, Montierre has agreed to obtain the PLL Policy relating to the Property, all in accordance with the requirements relating to the PLL Policy as set forth in the Chevron Contract Amendment. Notwithstanding anything to the contrary contained in the Chevron Contract, Montierre agrees that the PLL Policy will be held in the name of the City as insurance certificate holder and Montierre shall pay all premiums and costs and expenses relating to the PLL Policy on or prior to Montierre acquiring title to the Chevron Property. While Montierre is principally responsible for all costs and expenses relating to the PLL Policy, the City may pay such amounts as necessary to keep such PLL Policy effective and Montierre shall be responsible for any costs expended by the City plus interest at twelve percent (12%) until paid." 4. Assignment Agreement. The Parties acknowledge and agree that the Development Agreement contemplated the City assigning the Chevron Contract to Montierre prior to the expiration of the Inspection Period under the Chevron Contract. Notwithstanding anything to the contrary contained in the Development Agreement or in the Chevron Contract, the City shall assign the Chevron Contract to Montierre as soon as practicable by executing the assignment agreement attached hereto as Exhibit "1-A" ("Assignment Agreement"). The Parties acknowledge and agree that the Assignment Agreement constitutes the assignment document referenced in Section 4(F) of the Development Agreement. 5. Notice to Proceed. The Parties acknowledge and agree that the execution of the Chevron Contract Amendment serves as the purchaser's notice to proceed beyond the Inspection Period under the Chevron. Contract. Error! Unknown document property name. Page 29 of 593 6. _Deposit. The Parties acknowledge and agree that City previously made the Initial Deposit under the Chevron Contract in the amount of $100,000.00. City will make the Additional Deposit in the amount of $25,000.00 when required pursuant to the Chevron Contract Amendment. Notwithstanding anything to the contrary contained in the Development Agreement or in the Chevron Contract, on or before the date that the Parties execute the Assignment Agreement, Montierre shall reimburse City $125,000.00 for the total amount of the Deposit. 7. Fair Market Value. The Parties acknowledge and agree that for purposes of calculating documentary stamp taxes and any title insurance policy obtained by Montierre at the time the City conveys the Property to Montierre, both expenses being the obligation of Montierre, the value of the Property being conveyed from the City to Montierre shall be $8,000,000.00. The Parties acknowledge and agree that such sum represents a fair market value for the Property at the time of conveyance. 8. Separate Agreement Regarding City Property. Section 6 of the Development Agreement contemplated the Parties entering into a separate agreement with respect to the conveyance of the City Property. The Parties hereby acknowledge and agree that such separate agreement is not necessary. Notwithstanding the foregoing, at the time of and in connection with the conveyance of the City Property, the Parties shall execute such standard closing documents as may be reasonably required in connection with the conveyance of the City Property to Montierre. 9. Payment Obligation Documents. Section 7 of the Development Agreement contemplated the Parties agreeing to the Payment Obligation Documents prior to the conveyance of the City Property to Montierre. The Payment Obligation Documents are intended to provide specificity with respect to the security for receipt of the amounts owed from Montierre to the City, the payment procedures and auditing procedures with respect to such amounts. With respect to security for the amounts owed, the Parties hereby agree that an executed version of the memorandum of contract in the form attached hereto as Exhibit "1-B" shall be recorded immediately following the recording of the Special Warranty Deed conveying the City Property to Montierre (the "Memorandum of Development Agreement"). The Memorandum of Development Agreement is intended to put third parties on notice of the existence of the Development Agreement and the obligations contained therein and shall constitute an encumbrance on the City Property. Any sale, conveyance or lease of the City Property shall be subject to the terms of the Development Agreement, including, but not limited to, the payment obligations contained in the Development Agreement including the minimum guaranteed payments. Further, the Parties agree that the payment procedures and auditing procedures with respect to the amounts owned from Montierre to the City shall include: (a) Payment Procedures. Montierre, its successors, assigns, and tenants providing lodging and parking garage facilities, shall arrange an acceptable funds transfer method with the City's Finance Department to make payments to the City no later than the 15th day of each month to cover payments owed to the City from the prior month, pursuant to Section 7 of the Development Agreement. (b) Auditing Procedures. Error! Unknown document property name. Page 30 of 593 0) Montierre, its successors, assigns, and tenants providing lodging and parking garage facilities, shall maintain and keep for a period of no less than five (5) years from any given point in time a complete record of gross receipts from all rooms or other lodging leased or rented, as well as all motor vehicles parked in all parking garages, together with such other financial records and papers as may be required by the City's budget director or auditor. All such records shall be open for examination at reasonable hours at the place of each business providing lodging and/or parking and shall be provided to the City or its designated vendor for copying. All such records shall also be provided electronically to the City within five (5) business days upon written request. 10. Impact Fee Agreement. Notwithstanding anything to the contrary contained in the Development Agreement, the Parties hereto agree that the impact fee agreement referenced in Section 9 of the Development Agreement shall be agreed to at the time the large scale site plan is approved with respect to the development of the City Property. 11. Use Rights of Ballf"ields. Notwithstanding anything to the contrary contained in the Development Agreement, the Parties hereto agree that the use rights relating to the ballfields referenced in Section 10 of the Development Agreement shall be agreed to at the time the large scale site plan is approved with respect to the development of the City Property. 12. Conflicts. In the event of any conflict between the terms of this Amendment and the Development Agreement, the terms of this Amendment shall prevail. 13. Headings. The heading or captions of the paragraphs in this Amendment are for convenience only and do not limit or expand the construction and intent of the contents of the respective paragraph. 14. Binding Effect. This Amendment is binding upon and inures to the benefit of the Parties and their respective heirs, personal representatives, successors and permitted assigns. 15. Counterparts; Electronic Signatures. This Amendment may be executed and delivered in any number of counterparts, each of which so executed and delivered shall be deemed to be an original and all of which shall constitute one and the same instrument. 16. Ratification. The Development Agreement as amended and modified by this Amendment is ratified and confirmed by the Parties and remains in full force and effect. [Signatures on following page] Error! Unknown document property name. Page 31 of 593 SIGNATURE PAGE TO FIRST AMENDMENT TO DEVELOPMENT AGREEMENT IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first above written. Signed, sealed and delivered MONTIERRE: in the presence of: MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company Print Name: Print Name: STATE OF COUNTY OF By: Print Name: Title: I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of ❑ physical presence or ❑ online notarization personally appeared , as of MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company, who ❑ is personally known to me or ❑ produced as identification, and that he/she acknowledged executing the same on behalf of said company in the presence of two subscribing witnesses, 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 , 2023. 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): _ Error! Unknown document property name. Page 32 of 593 Signed, sealed and delivered in the presence of: Print Name: Print Name FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA. Approved as to form and legality this day of 92023. FISHBACK DOMINICK By: City Attorney STATE OF FLORIDA COUNTY OF ORANGE CITY: CITY OF OCOEE, FLORIDA By: Rusty Johnson, Mayor Attest: Melanie Sibbitt, City Clerk (SEAL) APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON , 2023 UNDER AGENDA ITEM NO. I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of physical presence personally appeared RUSTY JOHNSON and MELANIE SIBBITT, 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 , 2023. 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): _ Error! Unknown document property name. Page 33 of 593 Exhibit "I -A" (Assignment Agreement Form) ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (the "Assignment") is made as of , 2023 (the "Assignment Effective Date"), by and between MONTIERRE DEVELOPMENT, PLLC, a Florida limited liability company, whose mailing address is 5669 SE Crooked Oak Ave., Hobe Sound, FL 33455 ("Montierre"), and the CITY OF OCOEE, FLORIDA, a Florida municipal corporation, whose mailing address is 1 North Bluford Ave., Ocoee, Florida 34761, Attention: City Manager ("City"). Montierre and the City are collectively sometimes referred to herein as the "Parties". RECITALS: WHEREAS, the City, as the "Purchaser" and Chevron Land and Development Company ("Seller") entered into that certain Purchase and Sale Agreement and Joint Escrow Instructions with an Effective Date of June 20, 2003 as amended by that certain First Amendment to Purchase and Sale Agreement and Joint Instructions with an Amendment Effective Date of November 2023 (collectively, the "Purchase Agreement"). WHEREAS, City desires to assign its rights and obligations as the "Purchaser" under the Purchase Agreement to Montierre, and Montierre desires to accept and assume such rights and obligations as the "Purchaser" under the Purchase Agreement effective as of the date hereof. NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the City hereby assigns, conveys and delivers unto Montierre all of the City's right, title, interest and obligations, including rights in and to the Deposit provided that in connection with this Assignment Montierre has reimbursed City for such Deposit, as the Purchaser under, in and to the Purchase Agreement and Montierre hereby assumes and accepts all of the City's right, title, interest and obligations as the Purchaser under, in and to the Purchase Agreement. [SIGNATURE PAGES TO FOLLOW] Error! Unknown document property name. Page 34 of 593 IN WITNESS WHEREOF, the City and Montierre have caused this Assignment to be executed as of the date first written above. Signed, sealed and delivered MONTIERRE: in the presence of: MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company Print Name: Print Name: STATE OF _ COUNTY OF By: Print Name: Title: I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of ❑ physical presence or ❑ online notarization personally appeared , as of MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company, who ❑ is personally known to me or ❑ produced as identification, and that he/she acknowledged executing the same on behalf of said company in the presence of two subscribing witnesses, 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 , 2023. 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): _ Error! Unknown document property name. Page 35 of 593 Signed, sealed and delivered in the presence of - Print Name: Print Name FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA. Approved as to form and legality this day of 92023. FISHBACK DOMINICK By: City Attorney STATE OF FLORIDA COUNTY OF ORANGE CITY: CITY OF OCOEE, FLORIDA By: Rusty Johnson, Mayor Attest: Melanie Sibbitt, City Clerk (SEAL) APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON , 2023 UNDER AGENDA ITEM NO. I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of physical presence personally appeared RUSTY JOHNSON and MELANIE SIBBITT, 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 , 2023. 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): _ Error! Unknown document property name. Page 36 of 593 Exhibit "1-B" (Memorandum of Development Agreement Form) THIS INSTRUMENT PREPARED BY AND AFTER RECORDING SHOULD BE RETURNED TO: SCOTT A. COOKSON, ESQ. SHUFFIELD, LOWMAN & WILSON, P.A. 1000 LEGION PLACE, SUITE 1700 ORLANDO, FL 32801 407-581-9800 1' - 1 1 1 1' -• 1 • 1 1 1 1' ' ("Memorandum"), entered into as of the day of , 202_, by and between MONTIERRE DEVELOPMENT, PLLC, a Florida limited liability company, whose mailing address is 5669 SE Crooked Oak Ave., Hobe Sound, FL 33455 ("Montierre"), and the CITY OF OCOEE, FLORIDA, a Florida municipal corporation, whose mailing address is 1 North Bluford Ave., Ocoee, Florida 34761, Attention: City Manager ("City"), declare and agree as follows: A. Of even date herewith the City conveyed to Montierre certain real property located in the City of Ocoee, Orange County, State of Florida, more particularly described on Exhibit "A" attached hereto (the "Property"). B. Further, the City and Montierre are parties to that certain Development Agreement dated on or about May 1.8, 2023 (as amended, the "Development Agreement"), relating to the development of the Property. D. The Development Agreement addresses, among other things, the intended use and development of the Property and certain payment obligations due from Montierre, its successors, assigns, and tenants to the City as consideration for the conveyance of the Property to Montierre. E. The Development Agreement constitutes covenants running with the Property and is binding upon the successors in title thereto. The Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. F. All of the other terms, conditions and agreement contained within the Agreement are fully incorporated herein by reference as if fully set forth herein. This Memorandum is not intended to change any of the terms of the Agreement. G. A complete copy of the Development Agreement, including any amendments thereto, may be obtained from the City upon request pursuant to Section 119, Florida Statutes. [SIGNATURE PAGES TO FOLLOW] Error! Unknown document property name. Page 37 of 593 IN WITNESS WHEREOF, the City and Montierre have caused this Assignment to be executed as of the date first written above. Signed, sealed and delivered MONTIERRE: in the presence of: MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company Print Name: Print Name: STATE OF _ COUNTY OF By: Print Name: Title: I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of ❑ physical presence or ❑ online notarization personally appeared , as of MONTIERRE DEVELOPMENT, PLLC, a Florida professional limited liability company, who ❑ is personally known to me or ❑ produced as identification, and that he/she acknowledged executing the same on behalf of said company in the presence of two subscribing witnesses, 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 , 2023. 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): _ Error! Unknown document property name. Page 38 of 593 Signed, sealed and delivered in the presence of - Print Name: Print Name FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA. Approved as to form and legality this day of 92023. FISHBACK DOMINICK By: City Attorney STATE OF FLORIDA COUNTY OF ORANGE CITY: CITY OF OCOEE, FLORIDA By: Rusty Johnson, Mayor Attest: Melanie Sibbitt, City Clerk (SEAL) APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON , 2023 UNDER AGENDA ITEM NO. I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by means of physical presence personally appeared RUSTY JOHNSON and MELANIE SIBBITT, 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 , 2023. 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): _ Error! Unknown document property name. Page 39 of 593 Exhibit "A" to Memorandum of Development Agreement [Insert legal description to the Property] S:AAKA\CLIENTS\Ocoee, City oflMontierre Development, PLLC\Development Agreement\First Amendment to Development Agreement (RSG REDLINES) -11 14 23.docx Error! Unknown document property name. Page 40 of 593