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HomeMy WebLinkAboutItem #08 Approval of the Second Amendment to the Development Agreement of Westyn Bay Commercial Planned Unit Development (PUD) ocoee florida AGENDA ITEM STAFF REPORT Meeting Date: April 19, 2016 Item # Reviewed By: ‘,/ - Contact Name: J. Antonio Fabre, AICP Department Director: Contact Number: 407-905-3100/1019 City Manager: z/ Subject: Approval of the Second 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 Commissioners as presented. Subsequently, the Applicant has requested amending certain Conditions of Approval (COAs) relating to the responsibilities for the Property Owners Association, Streets (internal roadways), and Commercial lot sizes. All requested changes are for clarification related to the existing Westyn Bay Commercial PUD. Staff supports the requested changes as requested. Issue: Should the Honorable Mayor and Commissioners approve the Second Amendment to the Development Agreement for Westyn Bay Commercial PUD? Staff Recommendation: Staff recommends that the Mayor and City Commissioners approve the Second Amendment to the Development Agreement for Westyn Bay Commercial PUD. Attachments: -Second Amendment changes to COAs(Strikethrough and Underline). -Second 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 Conditions of Approval,Section D.Association: 1. All common areas will-be-owned not exclusive to any individual parcel shall be maintained by either the property owner's association for the commercial portion of the project or the homeowner's association for the residential portion of the project. 2 (ii). Provision granting the City the right, but not the obligation,to maintain all common areas not exclusive to any individual parcel should the Association fail to do so after notice from the City.To the extent that the City undertakes such action,the City shall be entitled to reimbursement from the Association and shall be entitled to require the Association to levy assessments for the purposes of paying such reimbursement. Conditions of Approval,Section E. Streets: 2. The internal access road through and all paved areas in the commercial portion of the project is a private road which will be maintained by the property owners' association for the commercial portion of the project,with access and easements granted to the City. Conditions of Approval, Section H. Commercial Projects: 1.All commercial lots will be a minimum of one(1)acre in size;provided, however, one (1)commercial lot shall be permitted to be less than one (1) acre in size. PREPARED BY AND RETURN TO: Dana Crosby Collier,Esq. Shuffield,Lowman&Wilson,P.A. 1000 Legion Place,Suite 1700 Orlando,FL 32801 407-581-9800 For Recording Purposes Only SECOND AMENDMENT TO DEVELOPMENT AGREEMENT (Westyn Bay Commercial) THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (this "Second Amendment") is made and entered into as of the day of , 2016 (the "Effective Date"), by and between OCOEE PARTNERS I, LLC, a Delaware limited liability company, whose mailing address is 13024 Ballantyne Corporate Place, Suite 500, Charlotte, North Carolina 28277 (the "Owner"), as successor-in-interest to OCOEE LAND TRUST, a Delaware Statutory Trust, 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, and recorded in Official Records Book 10829, Page 2414, Public Records of Orange County, Florida(the"Development Agreement"); and WHEREAS,the City and Owner previously entered into that certain First Amendment to Development Agreement dated December 9, 2015, and recorded in Official Records Book 11032, Page 2477,Public Records of Orange County, Florida(the "First Amendment"); and WHEREAS, the City and Owner desire to execute this Second Amendment in order to update and revised certain conditions of approval related to the development of the Property. 4811-3960-2192.2 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. Conditions of Approval. The following provisions of Exhibit `B"to the Development Agreement are hereby revised to read as follows: Conditions of Approval, Section D. Association: 1. All common areas not exclusive to any individual parcel shall be maintained by either the property owner's association for the commercial portion or the homeowner's association for the residential portion of the project. 2 (ii). Provision granting the City the right, but not the obligation, to maintain all common areas not exclusive to any individual parcel should the Association fail to do so after notice from the City. To the extent that the City undertakes such action, the City shall be entitled to reimbursement from the Association and shall be entitled to require the Association to levy assessments for the purposes of paying such reimbursement. Conditions of Approval, Section E. Streets: 2. The internal access road through and all paved areas in the commercial portion of the project is a private road which will be maintained by the property owners' association for the commercial portion of the project, with access and easements granted to the City. Conditions of Approval, Section H. Commercial Projects: 1. All commercial lots will be a minimum of one (1) acre in size; provided, however, one (1) commercial lot shall be permitted to be less than one (1) acre in size. All other provisions of Exhibit `B" to the Development Agreement that are not specifically amended herein remain unchanged and in full force and effect. Section 3. Ratification of Prior Agreements. Except as amended hereby, the Development Agreement and First Amendment remain 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 and First Amendment thereto. All references herein to the Development Agreement shall refer to the Development Agreement as amended by the First Amendment and this Second Amendment unless the text or context indicates otherwise. In the 2 4811-3960-2192.2 event of any conflict between the Land Use Plan, the Development Agreement, and the First Amendment to Development Agreement, it is agreed that this Second Amendment shall control. Section 4. Covenant Running with the Land. This Second 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. 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 Second 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 Second 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 PARTNERS I,LLC,a Delaware limited liability company Print Name '� 2-14. Name: 6.e.•••• ... Its: /4.4.6-4".- ' Print Name ��L Q W_t3o 1 (SEAL) STATE OF K01441 1, T`1 n(C- COUNTY OF VV / 9/ 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 Partners I, a Delaware limited liability company, who [ /1 is personall 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 �q day of Q,h(1,{ , 2016. (),4\AA\,/ MaK-(1.6 Lynne C.Takac✓lrr��ti Signature of,�io� r Y (lf../i1 Notary Public I. Meckienburc County North Caroline N e of Notary(Typed, Printed orl� am e 5 M Commission Ex.fires'711 201£i Commission Number(if not legible on seal): I U O D My Commission Expires(if not legible on seal): —1 3 f 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: Print Name: Beth Eikenberry, City Clerk (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE,FLORIDA. Approved as to form and legality this day of ,2016. 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 , 2016. 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