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HomeMy WebLinkAboutItem #05 Approval of the First Amendment to the Development Agreement Westyn Bay Commercial Planned Unit Development (PUD) (1)(lIE) florida AGENDA ITEM STAFF REPORT Meeting Date: December 15, 2015 Item # Reviewed By: Contact Name: J. Antonio Fabre, AlC6 Department Director: Contact Number: 407-905-3100/1019 City Manager: Subject: Approval of the First Amendment to the Development Agreement Westyn Bay Commercial Planned Unit Development (PUD) Project No(s): LS-2015-005 Commission District# 1 —John Grogan Background/Summary: On October 7, 2014, the City Commission reviewed and approved the Westyn Bay Commercial PUD and corresponding Land Use Plan for subject property. On September 15, 2015, the Preliminary/Final Subdivision Plan for Westyn Bay Commercial PUD was approved by the City Commission, as presented. Accordingly, the Development Agreement is required to be amended in order to be consistent with the Approved Preliminary/Final Subdivision Plan. As a result, the First Amendment to the Development Agreement incorporates the final agreed upon off-site improvements (Section 5) for the Westyn Bay Commercial PUD. Issue: Should the Honorable Mayor and Commissioners approve the First Amendment to the Development Agreement for Westyn Bay Commercial PUD? Staff Recommendation: Staff recommends that the Mayor and City Commissioners approve the First Amendment to the Development Agreement for Westyn Bay Commercial PUD. Attachments: First Amendment To the Development Agreement(Westyn Bay Commercial). Financial Impact: None. Type of Item : (please mark with an x') Public Hearing For Clerk's Dept Use: Ordinance First Reading X Consent Agenda Ordinance Second Reading Public Hearing Resolution Regular Agenda X Commission Approval Discussion&Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney N/A Reviewed by Finance Dept. X N/A Reviewed by ( ) N/A PREPARED BY AND RETURN TO: Scott A.Cookson,Esq. Shuffield,Lowman&Wilson,P.A. 1000 Legion Place,Suite 1700 Orlando,FL 32801 407-581-9800 For Recording Purposes Only FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (Westyn Bay Commercial) THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (this "Amendment") is made and entered into as of the day of , 2015 (the "Effective Date"), by and between OCOEE LAND TRUST, a Delaware Statutory Trust, whose mailing address is 450 E. Los Olas Boulevard, Suite 730, Ft. Lauderdale, Florida 33301 (the "Owner"), and the CITY OF OCOEE, a Florida municipal corporation, whose mailing address is 150 North Lakeshore Drive, Ocoee, Florida 34761, Attention: City Manager (hereinafter referred to as the "City"). WITNESSETH: WHEREAS, pursuant to the Ocoee Land Development Code, the Owner and the City must enter into a development agreement incorporating all plans and conditions of approval by reference; and WHEREAS, the City and Owner previously entered into that certain Development Agreement dated October 8, 2014, as recorded in Official Records Book 10829, Page 2414, Public Records of Orange County, Florida (the "Development Agreement", and together with this Amendment, the "Amended Development Agreement"); and WHEREAS, subsequent to the execution of the Development Agreement, Orange County, the City, and the Owner agreed that the raised median required under the Development Agreement is not required to be built by Owner: and WHEREAS, the City and Owner wish to amend the Development Agreement to remove this requirement; and 4811-3960-2192.2 WHEREAS, the City and Owner desire to execute this Amendment in order to evidence their mutual agreement as to certain matters related to the development of the Property in accordance with the Land Use Plan. NOW, THEREFORE, in consideration of the premises and other good and valuable considerations exchanged between the parties hereto, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Section 1. Recitals; Definitions. The above recitals are true and correct and incorporated herein by this reference. All capitalized terms not otherwise defined herein shall be as defined or described in the Development Agreement or the Land Use Plan, unless otherwise indicated. Section 2. Commercial Site Offsite Improvements. Section 5 of the Development Agreement is hereby revised to read as follows: Section 5. Commercial Site Offsite Improvements. A. As depicted on the Land Use Plan, the northernmost entrance to the commercial site off of Ocoee-Apopka Road shall be a right in/right out access with the construction of a raised median to prevent left turns for the northbound traffic. B. As depicted on the Land Use Plan, the entrance to the commercial site off of Ocoee Crown Point shall be a full access point aligned across from Latilla Drive. Such improvements shall be constructed a the Owner's sole cost and expense without credit or reimbursement from the City and such improvements shall be constructed in accordance with all governmental permits and requirements at the time of such construction. In the event such improvements are not constructed, the City shall be under no obligation to issue a building permit or a certificate of completion for any improvements on the commercial site. Section 3. Ratification of Prior Agreements. Except as amended hereby, the Development Agreement remains unchanged and in full force and effect, and each of the parties hereto hereby ratifies and confirms the terms and conditions of the Development Agreement. All references herein to the Development Agreement shall refer to the Development Agreement as amended by this Amendment unless the text or context indicates otherwise. In the event of any conflict between the Development Agreement and this Amendment it is agreed that this Amendment shall control. Section 4. Covenant Running with the Land. This Amendment shall run with the Property and inure to and be for the benefit of the parties hereto and their respective successors and assigns and any person, firm, corporation, or entity who may become the successor in interest to the Property or any portion thereof. Section 5. Recordation of Amendment. The parties hereto agree that an executed original of this Amendment shall be recorded by the City, at the Owner's expense, in the Public Records of Orange County, Florida. 2 4811-3960-2192.2 Section 6. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. Section 7. Effective Date. This Amendment shall first be executed by the Owner and submitted to the City for approval by the Ocoee City Commission. Upon approval by the Ocoee City Commission, this Amendment shall be executed by the City. The Effective Date of this Agreement shall be the date of execution by the City. SIGNATURES TO FOLLOW 3 4811-3960-2192.2 IN WITNESS WHEREOF, the Owner and the City have caused this instrument to be executed by their duly authorized elected officials, partners, and/or officers as of the day and year first above written. Signed, sealed and delivered OWNER: in the presence of: OCOEE LAND TRUST, a Delaware Statutory Trust By: Print Name Name: Its: Print Name (SEAL) STATE OF COUNTY OF I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared George A. Morgan, III, the Manager of Ocoee Land Trust, a Delaware Statutory Trust, who [ 1 is personally known to me or [ 1 produced as identification, and that he/she acknowledged executing the same on behalf of said corporation and limited partnership 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 , 2015. 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): 4 4811-3960-2192.2 CITY: Signed, sealed and delivered in the presence of: CITY OF OCOEE,FLORIDA By: Print Name: Rusty Johnson, Mayor Attest: Beth Eikenberry , City Clerk Print Name: (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE,FLORIDA. Approved as to form and legality this day of ,2015. SHUFFIELD, LOWMAN & WILSON,P.A. 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 RUSTY JOHNSON and BETH EIKENBERRY, 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 , 2015. 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): 5 4811-3960-2192.2