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Item #07 Chateau Reserve - Annexation/Rezoning Meeting Date: March 4, 2008 Item # -, -~~ Contact Name: Contact Number: ~ Re0ewedBy Antonio Fabre, AICP 'S Department Director: 407-905-3100/1019 City Manager: Subject: Chateau Reserve Annexation & Initial Zoning Case Number(s): AX 05-12-27 & RZ-08-01-01 Commission District # 3 - Rusty Johnson ISSUE: Should the Honorable Mayor and City Commissioners approve the Annexation and the Initial Zoning (R-1AA) Ordinances for Chateau Reserve? BACKGROUND SUMMARY: The subject property is approximately 8.76 acres in size and is located on the east side of Tomyn Boulevard approximately 255 feet south of Patriots Point Drive. The subject site is currently undeveloped with a variety of trees, wetlands and 1 DO-year floodplain areas. Wetlands and flood zones areas are associated with the Johns Lake Basin and are situated on the property's eastern and southern most boundaries. The existing land use to the north and east is Single-Family residential subdivisions zoned R-1A, R-1AAA (Brookestone Subdivision) and PUD Low Density (Wesmere Subdivision). To the south there is an unincorporated parcel (+/- 1.4 acres) of land which is heavily treed and currently undeveloped, zoned (Orange County) A-1. Situated west across Tomyn Boulevard is a water retention pond owned by the Orlando-Orange County Expressway Authority. Currently, it is being utilized for stormwater abatement for SR 429. Further west across SR 429 is a vacant undeveloped parcel zoned (City of Winter Garden) A-1. The Future Land Use designation is "Low Density Residential" which allows up to 4 dwelling units per acre. The surrounding future land use is "Low Density Residential" except for certain portions to the south and east which are designated as "Conservation/Floodplains". CONSISTENCY WITH STATE & LOCAL REGULATIONS: Annexation: With respect to State annexation criteria, Chapter 171.044 of the Florida Statutes grants municipalities the authority to annex contiguous, compact, non-circuitous territory so long as it does not create an enclave. The north and east boundaries of this property touches the City limits. The subject property is considered contiguous to the City of Ocoee and, therefore, eligible for annexation. Joint Planninq Area Aqreement: The subject property is located within the Ocoee-Orange County Joint Planning Area (JPA) and is being considered for annexation as outlined in the JPA Agreement. Orange County has been notified of this petition in accordance with Subsection 13-A of the City of Ocoee-Orange County Joint Planning Area Agreement. Comprehensive Plan: The annexation is consistent with the Future Land Use Element Policy 2.5 that states in part, 'The City shall consider requests for voluntary annexation into the City when those lands are logical extensions of the existing City limits, when services can be properly provided, and when proposed uses are compatible with the City's Comprehensive Plan, the JPA Aoreement, and the City's Annexation Policy...." [Emphasis added] DISCUSSION: Annexation Feasibility & Public Facilities Analysis Report: Based upon the projected impacts of the proposed use and size of the parcel, Staff determined that the urban services could be adequately provided to the subject property. Should the property owners choose to develop the property in the future; however, they will be required to make certain improvements in accordance with the Land Development Code. (See attached "Annexation Feasibility Analysis") School Capacity Enhancement Aoreement(s): The applicant has entered into a "School Credits Sales and Purchase Agreement" in order to handle school capacity and concurrency issues with the Orange County School Board. (See attached "School Credits Sales and Purchase Agreement") Summary: The proposed annexation is a logical extension of the City limits, urban services can be provided, and the annexation meets state and local regulations. Upon annexation, the property will assume a Low Density Residential Land Use per the JPA Agreement and the City of Ocoee Comprehensive Plan. The applicant is requesting an initial City zoning classification of R-1AA zoning. The proposed initial zoning of Single-Family Dwelling (R 1-AA) is consistent with the surrounding single-family residential land use of the area. DEVELOPMENT REVIEW COMMITTEE RECOMMENDATION: On January 31, 2008, the DRC met to determine if the proposed annexation was consistent with the City's regulations and policies. There were several minor technical issues to be addressed from the City Attorney's Office that were identified in a written memorandum and presented verbally. Based on the above analysis and subsequent discussions, the DRC recommended approval of the Chateau Reserve annexation, subject to resolving the last remaining issues addressed in the City Attorney's review memorandum. PLANNING & ZONING COMMISSION RECOMMENDATION: The Planning and Zoning Commission reviewed the proposed Annexation and Initial Zoning for Chateau Reserve on February 12, 2008. City Staff presented a brief overview of the Annexation and Initial Zoning for the subject property. City Staff answered several questions from the P&Z board regarding FEMA flood zone determination, Comprehensive Plan flood determination and flood insurance for the proposed homes. Discussion ensued that FEMA is an agency that creates nation wide flood zone maps but they are typically broad and they are not based on an actual detail study for a small parcel of land. Therefore, it was determine by staff that the completed detail study of the subject parcel was the most appropriate flood zone elevations to use. Furthermore, the Applicant is requesting a CLOMR (Conditional Letter of Map Revision), which is an amendment change from the FEMA map for insurance purposes and will go with the title of the land. The P&Z Commission raised concerns about tree preservation for the southern portion of the site. The Applicant responded that they would be willing to work with staff to save additional trees at Final Subdivision Plan review. The Public Hearing was opened for the Annexation and Initial Zoning. There were several residents from the surrounding area that spoke regarding this project. Inquiries range from protecting the eastern boundary drainage ditch to the existing housing market of the area. An abutting property owner stated that all the trees will be removed and his concern is that the developer is impeding on the conservation area with the cul-de-sac as well as along the stream area. He further continued, "there is no buffer on the stream side and they will be losing trees". Residents also raised concerns of wet back yards which are hard to mow. Indicating that there is either a high water table and/or wetlands adjacent to the subject site. Nevertheless, most of the residence demands centered on providing an additional vegetative buffer to protect the existing drainage ditch and associated conservation tract. The Applicant responded that he would be willing to work with surrounding residents to resolve these issues before Final Subdivision Plan approval. In general, the residents had no objections to the Annexation and/or Initial Zoning as presented. The Planning & Zoning Commission stated that all of these concerns would be better addressed with the Preliminary Subdivision Plan. After finishing its deliberations, the Planning & Zoning Commission voted to recommend approval (8-1) of the Annexation and Initial Zoning for Chateau Reserve, subject to resolving the last remaining issues addressed on the attached City Attorney's review memorandum prior to the City Commission formal action. After the Planning & Zoning Commission meeting, the Applicant has submitted the City Attorney's requested documents. STAFF RECOMMENDATION: Based on the recommendation of the DRC and Planning & Zoning Commission, Staff recommends that the Mayor and City Commissioners approve the Annexation and Initial Zoning Ordinances for Chateau Reserve. Attachments: Location Map Future Land Use Map Zoning Map Aerial Map Annexation Feasibility Analysis Report Annexation Ordinance Rezoning Ordinance School Credits Sales and Purchase Agreement Financial Impact: None. Type of Item: (please mark with an "x') Public Hearing X Ordinance First Reading Ordinance Second Reading Resolution 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 Reviewed by Finance Dept. Reviewed by ( ) For Clerk's DefJt Use: Consent Agenda Public Hearing _ Regular Agenda N/A X N/A N/A Chateau Reserve Location Map \\ \ \" \\' {f' '" )'" \\' ' {'" ,1'/ / 'I \\ ~, i I, ',~,' \,', , \,4, il; ,~ '(,~\ ..' 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()Ol-EEEE:>m 1::0>'0 :Jl::m~o>~o>o> ~&Qj~<(l::mmmm~u.IOo€~()'Oo>e-~~OI::OO~~ .....!:oo-mu.u.u.u. , -O:J- --0> EO>=:loom ~86~~€iiii~~~~~E;~;;E~~O~~oo E~'OO~~OlOlOlOl'E~~~EI::U>I::E~'O~~~~ :J I:: I:: O>:J I:: I:: I:: I:: I:: :J 0 .... 0> 0 0> 0>> 0> 0 0 0>._ :J I:: m c/)=:lm~~C/)~~~~O~~a..ZU~O:::~~()~~Ia..=:l~ D III ~ I ~IIIIIIIIIRmltml~ CITY OF OCOEE ANNEXATION FEASIBILITY ANALYSIS CASE NUMBER: AX-05-12-27 ApPLICANT NAME: Chateau Reserve, LLC PROJECT NAME: Chateau Reserve Residential Subdivision This form is used to evaluate annexation requests to determine the feasibility of providing urban services to individual properties. Each department has filled in the appropriate section and the findings are summarized below. II. PLANNING DEPARTMENT J. Antonio Fabre, AICP I B. Property Location 1. General Location: 2. Parcel Identification Number: 3. Street Address: 4. Size of Parcel: The property is located on the east side of Tomyn Boulevard approximately 255 feet south of Patriots Point Drive. 30-22-28-0000-00-057 N/A +/-8.76 ACRES C. Vacant Residential Subdivision A prox. 2.28 Units/Acre Approx. 60 A-1 Low Densit Residential R-1AA E. C onslstency 1. Joint Planning Area Yes 2. Comprehensive Plan: Yes II. FIRE DEPARTMENT 1. Estimated Res onse Time: 2. Distance to Pro e 3. Fire Flow Re uirements: A rox. 1 mile from Fire Station 3 111I. POLICE DEPARTMENT Chief Ron Reffett 1. Police Patrol Zone I Grid I Area: Zone 3 / Grid 20 2. Estimated Response Time: Approx. 2 Miles 3. Distance to Property: Approx.2 Miles Page 1 of 3 Applicant Name: Chateau Reserve, LLC Project Name: Chateau Reserve Case #: AX-05-12-27 4 minutes for emer encies/10 minutes normal 6. Total Pro'ect Revenues: J. Antonio Fabre, AICP $670,140 $670,140 Unknown at this time. Unknown at this time. Actual impact fees will be calculated during the site Ian a roval rocess. Unknown at this time. BUILDING DEPARTMENT 1. Within the 100- ear Flood Plain: J. Antonio Fabre, AICP Partial I in the FIRM 100- ear Flood Plain I VI. UTILITIES David Wheeler, P.E. I A. Potable Water 1. In Ocoee Service Area: Yes. 2. City Capable of Servina Area: Yes. 3. Extension Needed: Yes. 4. Location and Size of 8 inch WM on Patriots Point Drive in Brookestone Nearest Water Main: I B. Sanitary Sewer 1. In Ocoee Service Area: Yes. 2. Citv Capable of Servina Area: Yes. 3. Extension Needed: Yes. 4. Location and Size of 8 inch gravity on Patriots Point Drive in Brookestone Nearest Force Main: 5. Annexation Agreement Needed: No. I C. Other 1. Utilitv Easement Needed: Yes. 2. Private Lift Station Needed: There will need to be a City owned lift station. 3. Well Protection Area Needed: Yes. I VII. TRANSPORTATION J. Antonio Fabre, AICP 1. Paved Access: Yes - along Tomyn Boulevard 2. ROW Dedication: No, Not needed 3. Traffic Study: Yes 4. Traffic Analysis Zone: 627/629 Page 2 of 3 Applicant Name: Chateau Reserve, LLC Project Name: Chateau Reserve Case #: AX-05-12-27 VIII. PRELIMINARY CONCURRENCY EVALUATION J. Antonio Fabre, AICP At this time, adequate transportation capacity exists; however, this condition A. Transportation: may change and will be subject to a concurrency evaluation during the site Ian a roval rocess. Adequate park capacity exists. B. Parks I Recreation: C. Water I Sewer: Within the City of Ocoee water or sewer service area. At this time, adequate water and sewer capacity exists; however, this condition may change and will be sub'ect to a concurrenc evaluation durin the site Ian a roval rocess. The applicant will be required to handle the stormwater on-site, according to the City Code and the regulations of the St. John's River Water Management District. At this time, adequate solid waste capacity exists; however, this condition may change and will be the subject to a concurrency evaluation during the site plan a roval rocess. Actual impact fees will be calculated during the site plan approval process. D. Stormwater: E. Solid Waste: F. 1m act Fees: I IX. SITE SPECIFIC ISSUES All Departments I None. I X. CONSISTENCY WITH STATE REGULATIONS: J. Antonio Fabre, AICP I This is a voluntary annexation. The property is contiguous to the City boundaries and reasonable compact, per 171.044 Florida Statues. Page 3 of 3 ORDINANCE NO. (Annexation Ordinance For Chateau Reserve) TAX PARCEL ID # 30-22-28-0000-00-057 CASE NO. AX-05-12-27: Chateau Reserve Property AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA, ANNEXING INTO THE CORPORATE LIMITS OF THE CITY OF OCOEE, FLORIDA, CERTAIN REAL PROPERTY CONT AINING APPROXIMATELY 8.76 ACRES LOCATED EAST OF AND ADJACENT TO TOMYN BOULEVARD AND APPROXIMATELY 255 FEET SOUTH OF PATRIOTS POINT DRIVE; PURSUANT TO THE APPLICATION SUBMITTED BY THE PROPERTY OWNER; ANNEXING ADJACENT PUBLIC ROAD RIGHT-OF-WAY TO THE CENTERLINE THEREOF; FINDING SAID ANNEXATION TO BE CONSISTENT WITH THE OCOEE COMPREHENSIVE PLAN, THE OCOEE CITY CODE, AND THE JOINT PLANNING AREA AGREEMENT; PROVIDING FOR AND AUTHORIZING THE UPDATING OF OFFICIAL CITY MAPS; PROVIDING DIRECTION TO THE CITY CLERK; PROVIDING FOR SEVERABILITY; REPEALING INCONSISTENT ORDINANCES; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to Section 171.044, Florida Statutes, the owner(s) of certain real property located in unincorporated Orange County, Florida, as hereinafter described, have petitioned the City Commission of the City of Ocoee, Florida (the "Ocoee City Commission") to annex said real property into the corporate limits of the City of Ocoee, Florida; and WHEREAS, the Ocoee City Commission has determined that said petition bears the signatures of all owners of the real property proposed to be annexed into the corporate limits of the City of Ocoee, Florida; and WHEREAS, notice of the proposed annexation has been published pursuant to the requirements of Section 171.044(2), Florida Statutes, and Section 5-9(E) of Article V of Chapter 180 of the Code of Ordinances of the City ofOcoee (the "Ocoee City Code"); and WHEREAS, on February 11, 1994, Orange County and the City of Ocoee entered into a Joint Planning Area Agreement (the "JP A Agreement") which affects the annexation of the real property hereinafter described; and WHEREAS, the Planning and Zoning Commission of the City of Ocoee, Florida, has reviewed the proposed annexation and found it to be consistent with the Ocoee Comprehensive Plan, to comply with all applicable requirements of the Ocoee City Code, to be ORLA_677265.2 consistent with the JP A Agreement, and to be in the best interest of the City of Ocoee and has recommended to the Ocoee City Commission that it approve said annexation petition; and WHEREAS, the Ocoee City Commission has the authority, pursuant to Section 171.044, Florida Statutes, to annex said real property into its corporate limits upon petition of the owners of said real property; and WHEREAS, the Ocoee City Commission is desirous of annexing and redefining the boundary lines of the City of Ocoee, Florida, to include said real property. NOW THEREFORE, BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF OCOEE, FLORIDA, AS FOLLOWS: Section 1. The Ocoee City Commission has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida, Chapters 166 and 171, Florida Statutes, and Section 7 of Article 1 of the Charter of the City of Ocoee, Florida. Section 2. The Ocoee City Commission hereby finds that the petition to annex certain lands, as hereinafter described, into the corporate limits of the City of Ocoee, Florida, bears the signatures of all owners of the real property proposed to be annexed into the corporate limits of the City of Ocoee, Florida. Section 3. The following described real property located in unincorporated Orange County, Florida, is hereby annexed into the corporate limits of the City of Ocoee, Florida: SEE EXHIBIT "A" (METES AND BOUNDS LEGAL DESCRIPTION ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF). Section 4. A map of said land herein described which clearly shows the annexed area is attached hereto and EXHIBIT "B" and by this reference is made a part hereof. Section 5. The land annexed pursuant to this Ordinance shall extend to the centerline of any public road right-of-way located adjacent to the real property described on Exhibit "A" attached hereto, provided, however, that the annexation of any such right-of-way shall not serve to transfer any construction, operation or maintenance responsibilities with respect thereto, except to the extent such responsibilities are expressly transferred to and accepted by the City pursuant to an interlocal agreement in accordance with Section 335.0415, Florida Statutes. Section 6. The Ocoee City Commission hereby finds that the annexation of said land herein described is consistent with the Ocoee Comprehensive Plan and the JP A Agreement and meets all of the requirements for annexation set forth in the Ocoee Comprehensive Plan, the JP A Agreement, and the Ocoee City Code. Section 7. The corporate territorial limits of the City of Ocoee, Florida, are hereby redefined to include said land herein described and annexed. ORLA_677265.1 -2- Section 8. The City Clerk is hereby authorized to update and supplement official City maps of the City ofOcoee, Florida, to include said land herein described and annexed. Section 9. The land herein described and future inhabitants of said land herein described shall be liable for all debts and obligations and be subject to all species of taxation, laws, ordinances, and regulations of the City of Ocoee, Florida, and be entitled to the same privileges and benefits as other areas of the City of Ocoee, Florida. Section 10. 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 11. All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 12. This Ordinance shall take effect upon passage and adoption. Thereafter the City Clerk is hereby directed to file a certified copy of this Ordinance with the Clerk of the Circuit Court and the Chief Administrative Officer of Orange County, Florida and with the Florida Department of State within seven (7) days from the date of adoption. PASSED AND ADOPTED this _ day of ,2008. APPROVED: ATTEST: CITY OF OCOEE, FLORIDA Beth Eikenberry, City Clerk S. Scott Vandergrift, Mayor (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA APPROVED AS TO FORM AND LEGALITY THIS DAY OF , 2008 ADVERTISED AND READ FIRST TIME , 2008. READ SECOND TIME AND ADOPTED ,UNDER AGENDA ITEM NO. FOLEY & LARDNER LLP By: City Attorney ORLA_677265.1 -3- EXHIBIT "A" Legal Description Begin at the northeast corner of the Southwest ~, of the Southwest ~, of Section 30, Township 22 South, Range 28 East, Orange County, Florida; thence SOoo25'00"E along the east line of said SW ~,SW ~ Section 30,1,278.11 feet; thence N88052'03"W, 62.19 feet; thence N7r37'07"W, 52.86 feet; thence N52004'28"W, 90.68 feet; thence N66031'38"W, 173.72 feet; thence N8r35'27"W, 111.97 feet to the east right of way line of Windermere Road; thence N13055'17"E along said right of way line, 1153.21 feet; thence N89011'51"E, 167.80 feet to the Point of beginning. Said lands lying in Orange County, Florida. Containing 8.76 acres more or less. ORLA_677265.1 -4- EXHIBIT "B" Map of Annexed Area o a:: LlJ LlJ ::;! a:: LlJ o ORLA_677265.1 -5- ORDINANCE NO. (Rezoning Ordinance for Chateau Reserve) T AX PARCEL ID # 30-22-28-0000-00-057 CASE NO. RZ-08-01-01: Chateau Reserve Property AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA, CHANGING THE ZONING CLASSIFICATION FROM ORANGE COUNTY A-I, "GENERAL AGRICULTURE" TO OCOEE R-IAA, "SINGLE FAMILY DWELLING," ON CERTAIN REAL PROPERTY CONTAINING APPROXIMATELY 8.76 ACRES LOCATED EAST OF AND ADJACENT TO TOMYN BOULEVARD AND APPROXIMATELY 255 FEET SOUTH OF PATRIOTS POINT DRIVE; PURSUANT TO THE APPLICATION SUBMITTED BY THE PROPERTY OWNER; 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 FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the owner or owners (the "Applicant") of certain real property located within the corporate limits of the City of Ocoee, Florida, as hereinafter described, have submitted an application to the City Commission of the City of Ocoee, Florida (the "Ocoee City Commission") to rezone said real property (the "Rezoning"); and WHEREAS, the Applicant seeks to rezone certain real property containing approximately 8.76 acres, more particularly described in Exhibit" A" attached hereto and by this reference made a part hereof, from Orange County A-I, "General Agriculture," to Ocoee R-IAA, "Single Family Dwelling;" and WHEREAS, pursuant to Section 5-9(B) of Chapter 180 of the Code of Ordinances of the City of Ocoee, Florida (the "Ocoee City Code"), the Director of Planning has reviewed said Rezoning application and determined that the Rezoning requested by the Applicant is consistent with the 1991 City of Ocoee Comprehensive Plan as set forth in Ordinance #91-28, adopted September 18, 1991, as amended (the "Ocoee Comprehensive Plan"); and WHEREAS, on February 11, 1994, Orange County and the City of Ocoee entered into a Joint Planning Area Agreement which has been amended from time to time (the "JP A Agreement") ; WHEREAS, the JP A Agreement affects the future land use of the real property hereinafter described; ORLA_677856.1 WHEREAS, pursuant to the provisions of Section 6(B) of the IPA Agreement, the City has the authority to establish zoning for the real property hereinafter described and to immediately exercise municipal jurisdiction over said real property for the purposes of Part II of Chapter 163, Florida Statutes; WHEREAS, the Zoning was scheduled for study and recommendation by the Planning and Zoning Commission of the City of Ocoee ("PZC"); WHEREAS, the PZC has held a public hearing with public notice thereof and reviewed the Zoning for consistency with the Ocoee Comprehensive Plan and the IP A Agreement and determined that the Zoning is consistent with the Ocoee Comprehensive Plan and the IP A Agreement and is in the best interest of the City and has recommended to the Ocoee City Commission that it approve the Zoning and find it consistent with the Ocoee Comprehensive Plan and the IP A Agreement; WHEREAS, the Ocoee City Commission has held a de novo public hearing with public notice thereof with respect to the Rezoning; and WHEREAS, this Ordinance has been considered by the Ocoee City Commission in accordance with the procedures set forth in Section 166.041 (3)(a), Florida Statutes. NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF OCOEE, FLORIDA, AS FOLLOWS: SECTION 1. AUTHORITY. The Ocoee City Commission has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida and Chapters 163 and 166, Florida Statutes. SECTION 2. REZONING. The zoning classification, as defined in the Ocoee City Code, of the Property described in Exhibit "A" containing approximately 8.76 acres located within the corporate limits of the City of Ocoee, Florida, is hereby changed from Orange County A-I, "General Agriculture," to Ocoee R-IAA, "Single Family Dwelling;" SECTION 3. MAP. A map of said land herein described, which clearly shows the area of Rezoning, is attached hereto as Exhibit "B" and by this reference is made a part hereof. SECTION 4. CONSISTENCY FINDING. The Ocoee City Commission hereby finds that this Ordinance is consistent with the Ocoee Comprehensive Plan, the Ocoee City Code and the IPA Agreement. SECTION 5. 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 Rezoning 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. 2 ORLA_677856.2 SECTION 6. CONFLICTING ORDINANCES. All ordinances or parts of ordinances in conflict herewith are hereby repealed and rescinded. SECTION 7. 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 8. EFFECTIVE DATE. This Ordinance shall take effect immediately upon passage and adoption. PASSED AND ADOPTED this _ day of ,2008. ATTEST: APPROVED: CITY OF OCOEE, FLORIDA Beth Eikenberry, City Clerk S. Scott Vandergrift, Mayor (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY THIS DAY OF ,2008 ADVERTISED ,2008 READ FIRST TIME , 2008. READ SECOND TIME AND ADOPTED , 2008 UNDER AGENDA ITEM NO. FOLEY & LARDNER LLP By: City Attorney 3 ORLA_677856.2 EXHIBIT "A" Legal Description: Begin at the northeast corner of the Southwest ~, of the Southwest ~, of Section 30, Township 22 South, Range 28 East, Orange County, Florida; thence SOoo25'OO"E along the east line of said SW ~, SW ~ Section 30, 1,278.11 feet; thence N88052'03"W, 62.19 feet; thence N72037'07"W, 52.86 feet; thence N52004'28"W, 90.68 feet; thence N66031'38"W, 173.72 feet; thence N82035'27"W, 111.97 feet to the east right of way line of Windermere Road; thence N13055'17"E along said right of way line, 1153.21 feet; thence N89011'51"E, 167.80 feet to the Point of beginning. Said lands lying in Orange County, Florida. Containing 8.76 acres more or less. 4 ORLA_677856.2 ORLA_677856.2 EXHIBIT "B" Map of Rezoned Area Chateau Reserve Location Map 5 ~ ~~~::~ ~ I -CITY OF OCOEE SCHOOL CREDITS SALE AND PURCHASE AGREEMENT (Chateau Reserve) THIS SCHOOL CREDITS SALE AND PtRCHASE AGREEMENT (this "Af!reement") is made this I~*' day (lf2~ . 2007. bv and bet\~een METROPOiJTAN ESTATES, LLC, a FloridalTll~:it~d liabiiity 'company (herein referred to as "METROPOLITAN"), and CHATEAU RESERVE, LLC, a Flor[da limited liability company (herein referred to a~ "CHATEAU"). RECITALS: A. CHATEAU is the owner of those certain parcels of real properly located in southwest Orange County identiJied by Orange County Property Appraiser's Parcel #30-22-28-0000-00-057 and 30-22-2R-OOOO-OO~058 (the "Property"), on which it plans to develop at least 19 residential dwelling units (the 19 units shall be rcferrcd TO herein as "l\ew Units"). B. CHATEAU intends to rezone all or part of the Property 111 order to dt:vdop the New Units. C. In Orange County, developers proposing to rezone land to increase the number of penl1itted residential units. as is the case with CHATEAU and the Property. to seek and obtain approval of the rezoning request ftom the School Board of Orunge County, Fiorida (the "School Board"). D. The School Board has created a review process for newly proposed residential projects which culminates in the School Board voting either to approve or deny a capacity enhancement plan. ncgotiatcd between the developer and the school stan: in order to address the school impacts projected to occur as a result of development of the developer's project. E. On May 16, 2006, the School Board adopted a Resolution approving. a capacity enhancement plan involving the creation of 6,481 school capacity credits 1'01' a group or developers who, collectively, agrct:c.J to finance the costs of accelerating a high school and middle school. F. lvlETROPOLlTAN is one of the developers participating in the finandng transaction and, in connection therewith. together with the School Board, entered into that certain Capacity Enhancement Agn:;:ment (#06-011-13" (the "CEA'). a copy of which is attached hereto as Exhibit "A". G. Per the temlS of. and as explained in, the CEA. M ETROPOLITA\J received 964 school capacity credits (defined in th~ CEA as "Owner's Capacity Credits") which may be utilized within the "V'lest Orange HS Zone." H. The Property is located in the West Orange HS Zone. C'\i)l\":Llml:nl~ an:J ~eltmg\\J)Saattll)f!\~1y Dni.:mnel\~'I..~J'(' . \/jll::.~c F'.Ci!niriJt.:.t for Asslgnn".cl1l ofCr..:,jib (l.hal~aH !{l.:;.;ryc). dlnfl 2 du: I ' 1. This Agreement shall become effecti\'e upon the date of the last execution by the parties (the "Effective Date"). J. tvlETROPOLITA:\ has agreed to sell. and CHATEAU ha<i agreed to purchase, 19 of Owner's Capacity Credits. for use by ellATEAl! in connectiun with CHATEAU's plans to develop 19 residential dwelling units on the Property. NOW, THEREFORE, in consideration or the sum of Ten Dollars ($1 (.LOO). the muLual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: ]. RECITALS. The above recitals are true and Con-eet and are incorporated herein b)' this reference. ; PURCHASE. 2. i. Purchase Price. Subject Lo the terms :md conditjon~ of this Agrec:ment. METROPOLITAN shall transfer and assign to CHATb\L and CHATEAl; shall purchase and assume from METROPOLITAN. 19 Owner' ~ Capucity Credits. Th~ price (the "Purchase Price") for 19 O\\TIer's Capacity Credits ::;hall be '\iincty-J7iw Thou:'ianJ and No/IOO Dollars ($95,000.00), :.2. CIDsinQ.. The closing of the sale and purcha:'i:;:; or ] 9 Owner'::; Capacity Credits shall take place at J 2:00 noon on No\'~mher 15. 2007 (the "Closing Dare"). 2,3. Payment Schedule. The Purchase P:-icc shull be paid in accurdance with the following schedule: 2.:;.1. First Installment. CHA TEAC \>,0 ill pay the tir:;[ installment of the Purchase Price in the amount of $38,000 on the Effective Date ("Fir::.t InstalImcnC). The First Installment shall be deposited with the law firm or Baker & Hostetler LLP ("Escrow Agent") \vhich shall hold same. in cscro'v\'. in aCl,:ordance with the tenn:=; and provisions of this Agreement. Escrow Agent shall ht)]d the First Installment in an interest-bearing, federally insured account. CHATEAl.:. through amI in cooperation with \1 r::lROPOLlTAK shall have fC)J1y-five (45) days from the Lffective Date in which to petition for. and obtain. School Board's approval of the transfer of 19 Owner's Capacity Credits to the- Property. pursuant to section 18 of the CE:\. More speci!icully. the School Buard's consent of the transfer shall be presented on the premise that the "S-year. projected enrollment at the [Lake Whitney elementary school] does not exceed School Board'~ ] 25% level of service standard taking into al.:count relief capacity planned for the 5-year period." The Escrow Agent shall release the First Installment to ~'IETROPOUTAN within two (2) days of the day the School BoarJ \'otes to approve tlj' the transfer. In the event that School Board fails to vote to approve the transfer within the aforesaid 45-day period, then either party shall have the right to temlinate this Agreement hy giving \o\Tirren notice to the other party. with a copy to the Escrow Agent. Upun SL\t:h C"\Dl)CLunt'!1b und SCl:lr.g_,,".[)S~l:1ttJolr,t\:1} f)"~llmClil$\SI"l' - Vill:Jf!.t: F-.( 'onlr;,;,:.\ I(lr ..\S"-Ignr)leut Ill' Cr;:d1l5 ;<..'h::\lC~l: R\,,'":-;';f'q:t _ ;j,'dft 2. dl~r, tem1ination of tbe Agreement. Escrow Agent shall return the First In::;tallmem to CHA TEAll upon ClIA TEAU's request. 2.3.2. Second Installment. The second installment of the: Purchase Price in the amount of $57,000 wi II be paid on the Closing Dati: ("Second Installment"). :2.4. rlosin2 PrlH.:edurcs. On the Closing Date: 2.4.1. Step One. !\.lETROPOLlTA;\ shall transfer and assign. and CHATEAU shall assume, ] 9 Owner"s Capacity Credits tinder the terms and <.:onditions of the CLA. The iOfln of the transfer and as:': i gnrnellt agn:<.:rnent to bc executed on the Closing Dale is attached hereto as Exhibit -8" and incorpuratcd herein (the "AssigrunenC). 2.4.2. itSl? Two. eRA. T[Al) shall pay the Second Installment to l\1ETROPOLlTAN via wire transfer of funds or cashier's check. 2.4.3. Step Three. METROPOLJT.'-\.N and CllATF:.AU shall provide School Board ,,"ith notice of the transfer and assignment of 19 Owner's Capacity Credits by delivering to it a (;'opY or the executed t\ssignment. Il is anticipated thm METROPOLITAN and CHATEAU will do this by arranging a meeting with DuviJ MOim. Senior Manager, OCPS Planning and Govcmmenral Rclatil)ns. 2.4.4. Step Four. The School Roard. through and by David 1\-1oon or other OCPS senior staff person. shall provide CHA TEAL!. in writing. its ackno\vledgement of CHATEAU's (and the Propel1y';;) interesLs in and lo 10 Owm:r's Capacity Credits under the CEA. 2.4.5. Step Five. With respect to the 19 Owner's Capacity Credits transferred and assigned to CHATEAL, J\-fETROPOLlT.\1\ shall be responsihk !\,r paying to School Board the amounts due from Owner pursuant to Section 3 of the CEA. TI1ese amounts are referred to in Section :) as the "prorated share of the Proportionate Share Amount" and the "prorated share of the !'vlS Loan Related Costs:' In the event that School Board \\'ill pcnnit METROPOLTTA~ to prepay thest: costs for just 19 Owner's Capacity Credits, then METROPOLlT:\N shall have the option of making a prepayment If not. then f\'lETROPOLITA\ shall put the cstim41ted amount of these costs (i.e. ] 9 X $586.68 ;.: $11.147) in a separate. dedieat~d account with first Commercial Bank of Centra! Florida.. pending payment or same pursuant to Section 3 oj' the CEA. 3. OEFACLT. 3.1. Default of METROPOLITAN,. In the e\ent that !\.IETROPOLITA~ shall fail to fully and timely perform any of its nhligarions or covenants hereunder. then CHA TEA.l i may seek specifi<: performance. Pril)r to declaring a default and exercising the remedies deserihcd herein. C] IA TEA l. shull issue a notice of default to \:lETROPOLJTAN describing the e\ enl or condition of def..'lult in :,:ut'Gcicnt C'>D:I~UJllt.'l1h :.1.!H~ St::'liHg.~'.]).')~ltho::',:-"1y DOCUHlClllS",St.C - VJlla~e [=';.( un!.:.!.,;l kiT A::-:.:.lgnB1('nt (I;" t. r..:JIl"l (l.h.s.tC.1U R~'j~n'~! ~ J;alt 2. d\)..~ detail to enable a reasorulble person 11) d~tennine the action nCl:cs$ary to cure [h(.: Jd1-.\UIt. METROPOLITAN shall havc fiftcen (15) days from delivcry of the notice during which to cure the defaull. If the default has nol been cured within the aforesaid period. CHA TEA U may exercise the remedies described ahove. 3.2 Default of CHATEAl'. In the cvent that CHATEAU <;hall tail to fully and timely pcrfom1 its obligations or co\'cllams hereunder to pay the Purchase Pril:l;' to METROPOLITA.:'\J. then ?vfETROPOLITA~ may. at its option. elect as its sole options: (i) seek equitable reliet: including. but not limitd to, specific perfonnance: or (ii) to terminate this Agreement and receive from Escrow Agent. and retain. the f7irst In::;tallment as liquidated damages. 4. NOTICES. All notices and other it~TTls required to be given and delivered under the tcnl1S of this Agreement shall be addressed to the parries as follows: lflo METROPOLITAN: ~lctropo]itan Estates. LLC c/o Bell v J. Addison 900 S.\\;. 62nd Blvd. A-I Gainesville. FL 32607 Tekcopy No.: !-1.52) 336-3118 If to CHATE!\L: Chateau Reserve, LtC 22l)5 S. Hiawassl;:e Rd.. Stc 40X Orlando. fL ]2~D5 Attn: Nicholas A. Burden Telecopy No.: (407) 298-1740 I f to Escrm.v Agent: Rakcr & Hostt:tler. LLC SunTrust Center. Suite 2300 200 South Orange t\ \enue Orlando. Florida 32801-3432 Atm: Allison E. Turnhull Telecopy 1'\0.: (4(17) 841-0168 Notice hereunder may be given or he served by depositing the same in the United Slales mail. postage pre-paid. registered or cenitJed. and aLldressed to the party ill be notified. with return receipt requested. or by delivering th.:' same. in person or b) Federal Express or other nationally rccogniLed overnight courier servit:e. to such address. or by facsimile transmission. The parties may change their respective addr~sses fl.'")r notice by giving notic(' to the other parries in accordance w;1h this Section. C:'lkl':lIr1ll.:lIh :J:lt: 'C:!lm~,.;-f)Sauth():T,\1: Docume:J:s...c;r<.' - \'lIlag...: F'l\~J11r<t;';l fN .\$511.mm~Ht ,}f(;..:dlh (llj;l!\"'.t~; ;~~"J.,:r"'':-j _ (Iran ~ de;,,; 5. GEl'iERAL PROVISIONS. 5.1. Escrow .\g,cnt. Escrow Agent shall not be entitled to any fees or compensation lor its services as escrow agent hereunder. Escrow Agent shall he liable only to hold the First Installment. to invest same as provided [\.)r herein. and to deliver same to the parties nam~d herein in acc()rdanc~ with the prm'isions or this A,~'Tecmcnt. Esero\\ Agent. as escro\\ agent. is acting in the capacit) of a depl1sitory only. and shall not be liable or responsible to anyone 1()r any damages. losses {ll' expenses unless "amc shall be caused by the gross negligence or willful malfcasam:e of Escrow Agent. In the cvent of' any disagrcemcnt among any of the ranies to this :\gn.:emel1l or among them or any of them and any other person. rc~mlting in m.ln:rsc claims and demands being made in connection with or for any property ifl\olved herein or affected hereby, Escrow Agent shall bc entiticd to renlsc to comply with any such claims or demands as bng as su~h disagreement may continue. and in so refusing. shall make no delivery or other disposition of any property then held by it under this Agreement. and in so doing !-:s\:rO\,\ Agent shall not hecome liahlc in any \\'ay for such refusal. and Escrow Agent shall he entitled to conlinue to rdrain from acting until (a) the righb ur adverse claimanLs shall have been finally senle-d by binding arbitration or tinally adjudicated in a court assuming. and having jurisdiction of the property involved herein or affeCTed herehy. or (b) al! di tTerences shall have been adjusted by agreement and Escrow AgenL shall have neel1 notiJicd in "'-Titing of such agreement signed by the parrics hereto. Further. Escrow Agent shall have the right at any time after a dispUlC between \IETROPOLIT:\N and CHA TEAr has arisen. to pay any deposits held by it into any COUrt of competent .i urisdiction for payment to the appropliute pal1y. whereupon Escro\\' Agent's obligations hereunder shall terminate METROPOLlTAi\ and CHATEAl. agree that the status or CHA TEAU's counsel as Escrow Agcnt under this Agreement does not disqLlali I"y sucb hl\\' fiml rrnm representing CHATEAL in connection with this transaction and in any disputes that may arise between CHATEAU and tvlETROPOLITAr\ concerning this transaction. incluJing any dispute or \:onrfO\'crsy WiTh respect r('l the First InsliJllmcnt. 5.2. Cboice or Lav,' and Venue. This Agreement shall hi:: constrll~d .mJ intcrpn':Lcd under the lav\,s of the Statc of Florida. \\'ithom giving eftecl to principles of conflict of laws. eXl:t:pt where specifically pre-cmptcd by Federal law. The parties agree that the proper venue with respect to any state or federal litigation in connection \"ith this Agreement "hall be held in Orange County. Florida. 5.3. Amendments. Any ,mlenument to thi~ .\greement shall not hind any or the pal1ies hereto unless sLlch amendment is in writing and exccuteu and delivcred by fv1ETROPOLITA'-" and CHATL\t' Any al11(':ndment to lhi:-; Agrc-::l11ent shall be binding upon the parties as soon as it has been ~wcuted by all parties. 5.4. Entire A!2recmcllt. This "\grccmem. together with :-Illy exhibits attached herdo, constitutes the entire agreement h~twet:n the partks and no prior written documents. Jnd no prior or contemporary oral statements. representations. promises. or understandings not embodied in this Agreement shall be oj' any f\)J"ce and/nr effect. 2.(1.....: l' ".I)\I';;l1lllt.:nt~ ~md 'l:n:tlg,'\,n~~ath')lf'.\l~ DCH':WI1\!llb',S"C - V;!bgc f.( ',\1ltf3Ct :'n:- .';~\l;;nr:l~nl (.J' ~'r~':"IIL' 11~ 'h;11~all R.....:i'-=!\\:) _ {Jr~lh ).:>. Litigation. In the cvent any party commencc;;. litigation to enforce such pany's rights hereunder, the prc\'ailing puny sha11 h~ cnlitled to a reimbtlrsemcl1t of its reasonahk attorneys' fees and costs incurred in such litigation from the non-pre'.ailing party. both at the trial and all appellate levels. It is understood and ugreed that reimbursement of reasonable attorneys' fees and costs is limited to the use of olltsidc counsel and the expense of in house counsel shall not be reimbursed. 5.6. No Recordation. No party shall record this Agrecment nor an) memorandum hereof in the Public Records of Orange County. Florida tUld nny such recordation by any party shall be considered a ddalllt by such party unuer thi~ ;\gr~el11ent. ?\iotwithstanding the fi)n::going. in the e\ ent this /\grcclTlcl1l or any memorandum hereor is recorded in the Public Records of Orange COUl1lY. florida. such recordation shall be considered null and void and thl: pany so recording shall indemnif) and hold hal111ks~ the: other pany for any loss or damage arising from Sl1<:h recordntillll. 5.7. I Teadinlls. Captions and st:cLion headings c.:ontaincd in thi~ i\grccmcl1l are for convenience and reference only; in no .way do they define. describe. extend or limit the scope or intent of this Agr~ement or ally provision hereof. 5.8. Time. For the purposes hercllL the: panics agn..:e that time shall be of the essence with respec.:t to this Agreement. and that the representations and ,va,mllli~s expressly set forth here.in are all material a'ld or Lhe essence of th~s Ag.reement. 5.9. Waiver. No ""ai,.:r ~If any provision L'f this I\greement shall t-c dtectjve ullle~s it is in writing signed by the party against whnm it is asserted. and any ""aiver or an) provision of' this Agreement shall be applicable only to the specific in~lance to which it is related and shall not be deemed to be a continuing or future waiver as to such provision or a waivcr as to any otht'[' provision. 5.10. Time Periods. The calculation or the;: number or days .hat huvt;; passed l~lr any rime period de:;cribed in the Agre~mem ba.:;ed on calendar days shall commence on the day immediately follo\\ing the action Or event giving risl.: t6 the commencement of the period and shall expire at 5:00 p.m. on the last clay of' the time period. J "urthennore. any time period provided for herci n which :-.hall end Oli a Saturday. Sunday or legal holiday, shall extend to 5:00 p.m. of tIll' next full business day. Time shall be detcnnined by refercnct: to the time in Orange County. Florida. 5.11. ~ountcmart and Te.1ceop\'. This .-\greemel1t may be executed in several counterparts and/or by telccopy. each of which shall be deemed to be i.ln ori~inaL hUl all of \vhieh shall constitute one and the same agreement: provided however. that each of the counterparts shall have been executed by both the parties hereto. Executioll ol'this Agreement or any Amendmem th~rt:t(1 and ddih'ry hy facsimjl~ shall be deemed execution and delivery of an original klr till purposes. 5.12. \\:aiver of Jurv Trial. Each pan) hereby \\"ai\e~ un} right to a .iury trial in (;onn~ction with any dispute between the panics which ari:-,c:-, fWIll this Agrecmcl1I or in any Cllurse of conduct rdmed bereto. C.J)U":L:l1l:.:III.'l ...u;d s.=~~jllg:::..D"'\i.,thotrJ\'1y Dn>':UlfH.:nh~S! C - \'IJl..:~l,,: r". l\nt:-;J....l fllr ;\":\lg:tflK11lnt"Cl...tln, (\h;l!~nu l~\.':-...:n'Cl dl.1n :.j~\;: 5. ~;\ t::Jl r:~'llJJ1er5hip. t\()thing. l:\IJllJincd in [hi" Agr(;cmcnt ~ha!! b~ d-.:~r:l~1 io constitutt: the crc,ltioo d' a joinr v~nrun; or pDrtner:;hip rej~l;inrJ~hip ho;;,wecn uny uf lhe pani;::; ht:rctn. nor sh2JI am' PW\'J510il (:.j this !\~n:;':l11cnt be (k':.:rned 10 in1)1t1SC ~n:\ dUlY or !!abllity ,,11 a:1Y p(1)' !l(;rctc\ \\'ilh rcsp~":l 1(; thll'li imrti::s. 5. \ 4. WaiT".l} tie_~ _.<LT'l.-J .J{~pn;:;cD.tat1' ms. blch I'UI1 \ f;C~Ctl ; 'l<'::.n;';W ',,""rrants and represents UIH0 C<lL:h other thaI upun :llc:ir exc..:utinn (11' th,~ A..grC'cmcnl. u.s:,umili); ex:.:cutiol1 (,f this Agrc.:mt.:l1l by the ;)lher ~arty. :-:u'..:h part)': ;a) sh"i! h:.: lull) i->uund h), <::11 tlll' tt:rms. provisions <lnd ,,'onditions hcrcni': aile! (b; ha<; ful] p,)\\'<.:r :~nJ authorilY t() abide by :1.nd comply ",,'jth the t<::n!1~. pro\'j"ion, u.iid Cl.ll':dnit;n,. !-;c;'c'\Jr Li..:l1 of tne.: partics hereto further warrants imo n..:p!'C5cnts (hil! the p!:::;:;(\il cxcl'ulin~ i!1h /\gn::l:ll1t:!1t un its he-hull' is i1.dly autho:izcd to tiu Sf) ,1I1d lh~: nl. Junh:::i dcl;.~)n or pn.l~:l;L:dll1g of Whillc\'cr nature shall be f1t.:cc:,;~,:;,:y tu nlllS~ Ihi.. /\gn:,,'I11L.:l:t tll he rully hindiilg upon such pHny FlIiiher. !\'1Efi!.UPOL.lT/,'< rcprcscms to C:1A.1T.:\L1 ;L;;:! i\:IETi{()POl..lTAN owns the- j(l Owner's Cap:Jcit)' Cic..iiL~: 10 l'w ;l)-;signcd Ie: CiIA; 1 ..l..l "il'ilb.:r 0:- th;; panics rnak~s an:- n:pTesel~ta;illJ:S or W;Ir:-:m{,;:.., ',l' the (ILhl,;[' t:......:..:r;1 .1;; is spc.:itil,;ulJ) pnwidcd in this Su'bsl.'c:ion ~.! 4 ;mci. tUi1hcr. ;1~1 n:prc"'L.'nL.lli{'n~. :,mi \\'alT:mtic.~; $;1<;]1 merge: with the :\giC:;~mt.:nl allhL' lirni;: \If'cillsin.!.!,. 5.15. C.0ptidcl]llalll\'. The parties shaE kCt:!Jlhe CXiS,!(:ii(:c, :lnd lin::u';c:ial l:..;rI7l~. ut" tl....is l\g.rl'C"n1l:nt strictI:\, c...;nt1dt::1ti:'11 ()n!y !hi.~ ;t!(Or1'h:Y" H:h~ a,-'l"(.~.Jntani.~ (:: the pdl1ic:~ :-:lli.liJ rcccivl,7 11\)liccofsuc;!1 tl:nns. J:'\ \YITNF:SS \VHEREOF. (11):: r;:';'l;;,;~ h::n::iO ha\.c' (\;cc:u!e_: :h),. ~g..c....m":,1l ,:;'- ,;j':h' u:Jlc first ;,;w!.L'd :lbovt:. "\lETROPOIXL\V' ;\'lETROPOU L\:,; EST..\ TES. LLC, d j-'j\)j"l(.L-l iliTlJt~d Ji:ihi:lt:". COHlpa.ny !3y: : .(1k(, ('lt1~u, Pr\"H'iLh':~l(~:l~,.. ;_.~"( . :i F'!~'l! Id~: hrnit(;d-1i~h;lj~\ C;":fnn;:ii\ / w.~//.. !Jy:.~\-~.. / ~J.1';;,~~' N;l!11C: D:l\id Bc~:l11 'Tllk. \'!dml!..~;;r "CH.\n:.\l .' Cl!;\TEAl' RESFR\T. l.l.c. il F1l'r:d:; ilrnit(.'J liLlh:iil) t:"i11:1.:"y .';"'}.,,'7 . . ~ !3"i/~';""--, I~ "~lr\.~;....-h-,'.I:i" ,:\--!~l;rd;;:;: -. 'f'ilh..: \1d.:~~~,-=r l.. ! }-' 1.,1,: 1'"... ill.;': .....tI.1Hl.'...;,1 ~~:;'J:b..~r ~~~ :)..l. "UW."1ll" .si.f- '/l!i;:.:I..": ~ I),.:..,.: In: ;:.......t:,:an,l..';tl, ~ :'.....:':~ 1~~j~:\.::..J11 [",":.~.T. J..,.: : ,be. .... :;.13. 0fl P;'liJr~t:rshiI? '\othi:l:; C\l1L::incd :i, 11:;... :\gj~';:n-:cn: :;hall j( (i~C!:1~J h) L"O:1st1lute tht: ~n.:ati\.Hl u" H loint \ .~!4:rure CH- fiar: rH:r~;(iir' rc; a:i(\T1sh; p hL~E'.\'t~~n (.Hl': 'I( the pai1ic~ h"'..r:..;lo. nor :,J:al! '-tn:" prl.'\ !_..;i{1(l t~; tb:~ ."\~r\:~~r1~~r~: ;~c d(.."'::~1t;.d :;,'; i:11rn.,': ~ln:, d:Jty (IT l:ahi1it~ P:1 arlY p2.ft:-' herelo \\ nil ri_~""r\.:~.:-t i....! L~ii:\.i P:l.;1t:..>... 5.14. WU:T,lntl~~ . <mo,.! R<::pf\:,;:..:ni~~li\~x', ~::,ch :'<In\ nr:;':.:u: il:":;'..:h\ \\'arr~ln'iS a_Tld represents untd each uthL:r :har ;Jjll.:Hl ihl'lr :..'\cL'u!ion loti" (I~:-; A.gr:"lI~~rncnL ~L"l~L~:ning :"'X~"L'utioil cf this :\g:cclncIll b~. th~' i~~her p:.t71y. s:'!c"!: ~...~;~ty: (~d ;;ha~1 ~_4,C f:1l1Y b:,,'lUl:d 1)) ~iI the ienns~ rrO\'-l~h)n> unci c'ond!lji,"n~ h~J\.:\'d': and (b} h:~-..:. full rly.,\'('i U110 duth~trn:, 1\\ ~'~r.lid,,-' h~ 1l!1d ~"()nlpl: \\'it111h~... ~(:nn:')~ :":~\;\l:,jOn~ ~~.ld ....,~ncil:,il~:-; Li..:rc\Jr Lach uf th~ pal1j:.:~ hcr\.:h: further \.\'arranL, ~~nd n..:p:'cscn:~ thai ~h,-' r'~":'....r'i1 C~:L:Cl:tlng :!:>'I :'\.g:.ccrn~n{ on its hcha!f i:-: fUlly :Julhor1zcd h'l Gi\ ,.;~) d7HJ Uld~ f:O ~'"~lnh;,;r J.~:~inn ;./1" pruccL'da1g ,d' \\.'hatc\er natllre ~:hail bt."' nl'cC.'~:<lry tii C~i~lSC ~hi~'\g:\.'i..'nJl..:lji t(1 b~ tlJiJ) binding up()n such ?an), FU1"ther, \;r:ri?'(lp()Lrr/\;,,\ r...~p:'L...~.t.:r;t~ ~c ('i ~:\'1'!~:,4\~! :P:lI \.ri::': R[)P()[..l r~?\ ~,\\\'n~ the! f.) ()\\ nt'r.~ ('i.tPLJCil:,. C'r:.:di1~ t::1 be :~~.",j~.:n,-'d h'~ ('} L-\ 1 :- :\'i >:t:;lhc:' (d' ibe parli;.;~ ;11ak..::--: ~n> r~pr(;scn!atiur.....; dr \\,(l:-T~:~11le" tn ~;h..' ()~~I('i' \.:\.....~~n! .1~ :~ ~'P~.:cifi~::.di~ pru~\ idcd \;1 th~;; S~h~l"C:hin ); -i ~~,;1(i. 1urU1i....r. ..:!i r~'r)j.;-':-:l:r;.~~1ti~I~::-; ~ln~; \.,\ ~ll"':.\;~~lH.;~~ ~!l~:.Il j~.l(;rge v..ith th...~ ,:\:;:n.:elr,;.:nl 3,: thf_ litn~" ~:r .'L,):-,iri; ), j 5. C~onJid~,~ltlal!~.y, 'f'he P:iri.IL"', Sh2i: kt-':c~) ,hi.,; C.\.i,,:C~!:":(.,;.. ~iild : il"",:lr:....: a! ~c...:n"':-~:-.. u; :t::~ \grc~rnt:nt '...:ri('~l..\ C{H1t1iit:n:i~d. parlil.'~ ~:h~L rCL:ej\:c :10l.1~~ iJf ~LH;rl :t'~Tn~<. ()~~:\. l='!.: :l::prn~'\ '.. , , .~ ::,'-~ .:.h:....~..~U!1~~~:H..... :....l: :nc' ['\ \\Tf-...;ESS \\HEREOF, lh: ::l~l:'tlC:- L:.:rciu 11," '_' ~',.;"l"_:l::d :i:.." '\:2.:'c:~'n:,-,;): ,,_ l11 :hc d~ltc t'~l.:-:':i ~l:Jt~'d nb()v~, t! \,] f:'r'l-t(j I}{} 1_! '"r.;\ ~".- . t \IF.TROf'OUT.\~i EST.....TE:'. Ue. .. Fl~~i'1Ja linli~~~:d 1 ahi!i:\ :"':\i'nr\(~:iY F1\' r :lkc C':t;-'~l:"-o Prt~dL.(';~;'.~::""" ..nJ. . :~ ~'l(~:.:.j:. j~!l~1t'..::d L.:1t)lE:.... i...:~':jnj-~:n:.... - - '" ~.~ \ ----';,'.-' ~\;"'lC, !)2\id Fk;:ll ';-1!~:.:: r'V!jn:u"1er :, (~ i!..\ r r-: A. I . ~ . (~i 1.\. l' E...\. t. F(r~S l~_R '\. ~~, L. L#(". .j Fjl'r~t~~~ li;11:k~~, :),~"i.:llY ~"'~:li;~'!"":' t:. \: /" (H,,-{. "- 'r-- . '--, , ,-. ... ....~~ti~;..:. "'\ ':~h\ d::.... :\. H:...:>...L.::: . ,~ ' . . ~ : \ : '- . \.1 ;;.:,;,~-=' ;..., ~'''l~::!' ,.n.: C,",:[;'n~"~ i~I":~a:h"JT\~\ ,.r.. .1~lI~'Zl".:'lI:. .. _:;~:':~: I ~':C'..;. ...... ,~':,!.~'H( I li. '.),,: :'. ~ . ,i... ir"-\ J,~l III 'I \U)! Iln\\ jG J\ ! ! I . I I - 2007 1\1 b I \ r\ll \1 ! I ili \--1 , i==- ~, l~ FIRST AMENDMENT TO SCHOOL CREDITS SALE AND PURCI-L-\SE AGREE!\.1ENT -\' r-\:- nf-"!-'Cr- 0t 1 Y ~ l'~- H ,~UI r Vit! t...~ ~.i_ '-- THIS FiRST AMENDMENT TO SCHOOL CREDITS SALE AND PURCHASE /..\GREEMENT ("Amendment") is made this '8'~ day of November. 2007, between METROPOLITAN ESTATES, LLC, a Florida limited liability company CMetropolilan") and CHA TEAD RESERVE, LLC, a Florida limited I iability company C'Chateau")o ~lITNESSETH: WHEREAS, Metropolitan and Chateau entcr~d into that certain School Credits Sale and Purchase Agreement (the "Agreement") pursuant to which 1\o1etropolitan agreed to self. and Chateau agreed to purchase. nineteen (19) of the Ovmer's Capacity Credits.. as therein defined: WHEREAS, the Orange County School Board has approved the assignment of the Ov,'ner's Capacity Credits pursuant to certain conditions: WHEREAS, Chateau desires to extend the Closing Date set forth in the Agreement: and \VHEREAS, Metropolitan desires to extend the Closing Date, as provided herein. NOW, THEREFORE, for and in consideration of the premises, the sum of Ten Dollars ($ J 0,00) and other good and valuable consideration. the receipt and suftlciency of which is hereby acknowledged. the parties hereby agree as follo\-\"s: " 1. Recitals, The recitals set t{mh above are lrue and correct and are incorporated herein. Unless otherwise provided herein, capitalized temlS used herein shall have the meanings set [onh in the Agreement. 2. Closinl! Date. Paragraph 2,2 of the Agreement is amended as follows: ")? Closing. The closing of the sale and purchase of]9 Owner's Capacity Credits (';Closing") shall take place at 12:00 noon 011 February 15.. 2008 ("Closing Date'"'), 3.. Earnest Money Payment. A. Paragraph 2,3,2 of the Agreement is amended as follows: 2.3.2. Second Installment. On November 15. 2007.. Chateau shall pay to Metropolitan the amount of S27,OOO,OO ("Second Earnest Money Payment"). The Second Earnest Money Payment shall be nonrefundable to Chateau except in the event that the Agreement fails to close due to a Metropolitan deJ~iUh.. or if Chateau is othen-vise entitled to an catllest money refund pursuant to the Agreement. The Second Earnest :\1c1ne} Payment, together with the previously.-released First Installment shall be credited towards the Purchase Price due to i\.1etropolitan at Closing. B. New Paragraph 2.3,3 to the Agrt:emem is hereby insened: IlHX04".1I00(J[H.10189072\1.1 2,3.3 0 lbird Installment. The third installment of the Purchase Price in the amount of $30.000.00 ,,,till be paid on the Closing Date ("Third Installment"), 4. Counteroarts. Hlis Amendment may be executed in one or marc counterparL<;. each of which upon delivery shall be deemed an original and all of which together shall constitute one and the same instrument. It shall not be necessary when making proof of this Amendment to produce L:Ounterparts with original signatures, it being agreed that photm:opies of signatures or signatures received by facsimile transmission shall have the same effect as original signatures. 5. Ratification. Except as modified herein, the Agreement remains unchanged and in full force and effect. In the event of a conflict between the terms and provisions of this Amendment and the Agreement. the lenn:.; and provisions of this /\mendment shall control and be given effect. IN WITN"ESS WHEREOF~ the parties hereto have exc::cuted this Amendment to as of the day and year first above \\'Titten, "T\-fetropolitan" METROPOLITAN ESTATES, LLC, a Florida limited liability company By: Lake CitrusProductions. LLC, a Florida limited liability company By: David BealL as its Manager "Chateau" CHATEAU RESERVE, LLC, a Florida limited liability company v By: 08SC~I). O(ll!lJOI. lulg90729.1 5.13. ~..Q.._PartnershiD. Nothing contained In tbis Agreement shall be deemed to constitute the creation of <l joint \~nturc or pm1nership reJatiomhip het\\'ccn any of the parties hcrclO, nor shall any pfClvis!on ofihis Agreement be de~med to imrosc any dUly or liabi lity on any pariy herc10 ",'ith rC$r(~ct to third pmties. 5.14, \Y::lJT~ti,~LJl_n_iL_Re.p[ti?~malil)ns. Each pari) ncrct(, herdw warrants and represents umo each other that upon their execution or this Agreement. assuming execution of ihis Agrccm~nt by th:..:: other party. such pany: {a) shall be fully bound by all the terms, pmvisi,lOS and condiTions hereof; and (b) has tuB p0\','er :.ind authority to abide by and c0mp!:-, \Vi1h the term!>_ provisjons anJ conditinns hereof Ead1 of the parties hereto further warri:Jnls and rc:prcscnts thai t.,e person c:r,ci..~utjng U.b Agrcement ttn its oe1:ul1' is iully authori~ed tl) do so ~md that no furtht:r al'!10TI or procct..xiing of whatever nmure shall be necessary to cause this i\grccmcnt to be tully binding upon such party, Further, METROPOLlTAi>.: represents to ('flA.-TEAU th<i: MET.ROPOUT AN o..m~ the 19 Owner's Capacity Credits to he assigned to CHA n>\\ . \:cilher of the partlcs makes al1~' representatiuns Of w<llT'dntie.s 10 the other :,,:.\<,:('pj .l:< I; ~pccitil.:'dJ]y' pmvideJ in this Suhse.ctiun 5. i 4 and. fu,-thcr, all rcpri.:sL'n[afion~ <~:1U \.varra.rllics shall merge with the Agree-mi.:nl allbe time of clm:ing. 5.15, (:onti~I.f..[l;j,r~iiry. The parties shaH keep the existenct:, and linant.:iaj l;;nns, of this Agn.'cment strictly confidential. Only the attorneys and at:t:oum,u~ts c( the pi.lni..::s $hilll receive notice of $ucn tCI-ms. IN \.\TfNESS \\:lIEREOF, tht: pa.nies hereto have executed this .l.gre:..::rn.:n: ,'-" lll' (he date first stated abovc. 11~1ETROJ>OUT:\;"; " i\fETROPOLiTA.N ESTATES. LLC, d Fk);ida iimited liability com;1any By: Lake Citrus Produclion", LLC, a rbrid~t iirnitcel-ilabiliw C(}m1)am' / _ 1 .. ~ J ,_-' r j . 17.1 ,-' L. ;" P..... 1:3": 1<1 -< }' U.!(:L/ J _~_ '__.._ ____ Name: David Beall "- Til.k: Iv1anager "CHATE,,\ V' CHA TEAL RESER\tE, U.c. d Fk:ric1.' limited liabililV com,.1ClnV By: /(~,-'~_ ~ar{e: ?\ichnlas A. Bw-d~;: Tille: !vl1Ulager C.'. f ):,\ -tllT.;m::; an;i :"':''1.t.ng~.D~ll2:.hoff :l,:t~' D:;.t:lJJUL711-" ~~r:r- ..Jdbg:.: F Conr:':lC":lc!" J\':-"lgnl1lt."1\1 ;.,i" (.r:'.i:~:-. :':.-h.;:H::'",HI Re"':Cf\.c'l- dl';;d: ....ti='--.. Copy of Public Hearing Advertisement Orlando Sentinel Date Published Thursday, January 31, 2008 Pg.F3 'y:.' Advertisement NonCE FOtI CASE -1 _ j i--,: : ~. e~~:; ]~~~;'_: . / -.---- KE 1IUNC'fI,..'rlJN " the appllcantOs request is approved, the annexation would incorporate the prapertv Into the Cltv of Ocaee. Pursuant to Subsection 5-9 A. of the land Development Code; the Planning Director has determined that the re- quested annexation Is within the Ocaee-Orange County Joint Planning Area (JPAl, and is consistent with the Ocaee-Orange Cauntv J P A land Use Map and the Ocaee Comprehensive Plan. The complete case 'fIIe, including a complete legal de- scription bv metes and bounds, may be inspected at the ~y: ~~~u~ltr50~~e,!r'1,"r~~~s~r.g::'i':~,vb~~~n~lcPri: do between the hours of 8:00 a.m. and'5:00 p.m., Mondav through Frldav, except legal holidavs. ' The Planning & Zoning Commission may continue the public hearings to other dates and times, as it deems nee, essarv. Any Interested party shall be advised of the dates, timeso and places of any continuation of these or conflnued pUblic hearings shall be announced during the ~'ftr~g P':.~~iS~~~~~r a~~tl~j~Is'i3~h'1,\n~nt~e~r~~~~~ desires to appeal any decision made at the public hear, Ings wlli need a record of the proceedings and for this purpose may need to ensure that-a verbotim record of the proceedings is mode which includes thetestimonv and ev- Idence UPOll which the appeal is based. Persons with dis- abilities needing assistance to POrtlclpate In onv of these proceedings should contact the City Clerk's Office 48 hours In advance of the meeting at 407,905,3105. Beth Eikenberrvo City Clerk OlS614J37 1/31 0 2fi, 2008 Copy of Public Hearing Advertisement Orlando Sentinel Date Published Thursday, January 31, 2008 Pg.F3 -if' Advertisement CITY OF OCOEE . . NlJTIC( OF PUBLIC HEARING TO CONSlOER THE PREUMlNARY SUBOMSION PlAN FOR CHATEAU IIESEIIVE CASf NUMBERS: LS--.Gl7 NOllCE IS HEREBY GIVEN. pur- suant to Section 4,3 A. (3) i::~;'t Ot: lh~~donD=ry. ~~BR:~a:,z;. ~r~a~1:f:'s fO~I~~cc'llMJ~I&r~nIN~I~ a PUBLIC HEARING at the g~g~te;;.thoc~::,~lt~~~ ~~?rt~ ~~~~liIe~i~rpr~U~:;\: nary Subdivision Plan far' the Chateau Reserve SUbdl- r~~i':'stg~Ilte:~V~:;~~1Iea approximatelY 2500 feet north of Roberson Road and ~~lv~Ut~eof p:~i~lo~e~~m! cation is 3G-22'28-0000-00-057. Interested parties may ap, pear at the pUblic hearing and be heard with respect to the propased actions. The complete case file may be .1 nspeeled at the Ocoee Community Development I Department/Planning Dlvi, sian located at 150 North Lakeshore Driveo Ocoee, Florida between the hours of S:OO oem. and 5:00 p.m.o ~~d~Jr'h"oWJa~[idaYo ex- The Planning & Zoning Commission may continue the pUblic hearing to other dates and times, as it deems necessary. Any in, terested party shall be ad, vised of the dates, tlmeso 'and places of any continua, tion of these or continued public hearings. Any contin- uances shall be announced ~~1~~h~e~ti~:~r~~Jrd~~~ these molters will be pub- lished. You are advised that any person who desires to appeal any decision made I ~~:~ea P~e~~~dh~~W: ~~~ ceedings and for this pur, pose may need to ensure that a verbatim record of ~h1c~ rrn~T~~r~fie I ~e~W,\l,: ny and evidence upon which ~~~s a ~ftta ~i~~ft~I'e~' rie~: ing assistance to participate ~nhg~rdofc~~~cf~~~~r~ Clerk's Office 48 hours In advance of the meeting at 407-905,3105. Beth Elkenberryo City Clerk o LS614339 1/31108 Copy of Public Hearing Advertisement Orlando Sentinel Date Published Thursday, January 31, 2008 Pg.F3 ,~, Advertisement NllTICl FOR CAS Eft: llZ4OI-8I NOTICE IS HEREBY GlVENo pur, suant to SubsectIon 1-10 and 5,9 of the City of Ocoee Land Development Codeo that on TUESOAYo FEBRUARY 12. 2lIIIlI AT 1:10 P... or as soon ~'Ii~e,m:8r . aio~~~tlf8~J~ SION will hold a. PUBUC REAR, ING at the City of Ocoee Commission Chambers. 150, North Lakeshore Drive. Ceoee. Florida. to consider, .the rezoning of one parcell generallY located on the ~~~~~y T='le:lv~o~ i ~ u~~beo'1o~ a~~~t~n~ Jr~l Drive. The parcel iden!lfl, cation Is 30-22,28-0000-0O-O51, If the applicant's request Is approvedo the property zon' Ing would change from Or, ange County' A-I: Citrus Rural' to !be City of Ceoee 'R-1AA: Single-Family Dwelling' . Pursuant to Subsection 5-9 B. of the Land Development Codeo the requested is con, slstent with the Ocaee-Or- ~g~ ~~~n\he'~~o~~n~~~ prehenslve Plan. The complete case file In- cluding a complete legal de, scrl pHon by metes and bound So may be Inspeeled at the Ocoee Community Development Deportment! f:nJ~~h D~~~~~~~~~~v~~ Ceoeeo Florida between the hours of 8:00 a,m. and 5:00 ~a~;o e~~~~al~mrg~R~a~~:- The Planning & Zoning Commission may continue the pUblic hearings to other dotes and times. as H deems necessary. Any In, terested party shall be ad, vised of the dateso. times. and plaCes of any continuo, tion of these or continued public hearings sholl be on, nounced during the hearing and no further notices re- ~rg~b~I:~~~ !?~J'~~~ ~~~ vised that any person who desires to appeal anY dee;;, sian made at the public hearings will need a record of the proceedings and for this purpose moy need to ensure that a verbotim re- cord of the proceedings Is made which Inc.ludes the ~~ti~~Jh a~eev~~p~: I urs bosed. Persons with dlsabll- ~~IC~~~~~nrn a~~ls~ni~e:~ proceedings should contact h~eu;~!rn C~~~"c;~c~ff~fet~: meeting at .407,905-3105. Beth Eikenberry. City Clerk OLS61433A 1131108