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Item #04 Approval of Oasis at Lake Bennett Apartments at Ocoee Town Center ocoee florida AGENDA ITEM COVER SHEET Meeting Date: November 17, 2015 Item # Reviewed By: Contact Name: Scott A. Cookson, Department Director: City Attorney , Contact Number: 407-581-9715 City Manager: Rob Fran tj Subject: Oasis at Lake Bennett Apartments at Ocoee Town Center Background Summary: On June 16, 2015, the Ocoee City Commission approved the First Amendment to Development Agreement (Amendment) for Ocoee Town Center. As a part of the Amendment, the Owner and the City agreed to exchange similar tracts or parcels so that the City would acquire right-of-way for Richmond Avenue south of Maine Street (Tract F) and the Owner would acquire property on the north boundary line that abuts Maine Street (Tract H). In the context of the engineering and design for the area, the City Engineer determined that to finish Maine Street adjacent to the Oasis project, another small tract would be needed from the Owner at the corner of Maine Street and Bluford Avenue (Tract H). The Owner and City now wish to close on the transaction by exchanging the property identified above. Issue: Should the City Commission authorize the Mayor to execute all documents necessary to complete the exchange of the tracts identified in the attached depiction, subject to staff confirmation of all legal descriptions for the tracts? Recommendations City Staff recommends that the City Commission authorize the Mayor to execute the documents necessary to complete the closing on the tracts identified in the attached depiction, subject to staff confirmation of all legal descriptions for the tracts. Attachments: Graphic depiction of the tracts that are the subject of this exchange. Financial Impact: Minimal cost for closing the exchange of properties. Type of Item: [ ] Public Hearing For Clerk's Dept Use: ❑ Ordinance First Reading ® Consent Agenda ❑ Ordinance First 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 Scott A. Cookson, Esq. ❑ N/A Reviewed by Finance Dept. ❑ N/A Reviewed by ( ) ❑ N/A u_!' \ anua �auuag o 2 1 tin 1'r1 i C C , 1 11 .i 11 O O 11 Q y CL z '4 _..___. ii N ,it >ti i ; 2 "" ate. To Ta 1.) 11 1 J J IVA;1Sy'11 1 x. u' a) a.) 1 SRC": assusA y--PUO#.IEi3I i i=„�'i� _ a.� i-I::..__- ....7 .ti: il‘1.,: II . _I.; 4,_ill_ / Op• 4. 1 t 1 ., '.4ki' Th.,>(;"4'..\\.1.'\-.:;,,,,,,:,.,4,,,,,e:):.,,, ,.,..7.,",..,,,,,,,:,,,-".., /,..,;.;:',.-_,,./- 111tiov ... ,..k ,s .,,. -...„,/, .0.0.-/ j.,./. • ..)\ ,-, Ar, ,• _ .,._, ..,,-2„,/ tjt, -,VII - t,' J/ r " c,j./ .-; , , pip") : 0./ ' 1. g' / �{ J jf I "O / p 4,\ ,.,,, 1Y 6° . .--.--/, AA, o. J�%1 ' s _ O 00 /�,�J 2 i\N .'r i' O Z O !.) cZy to A fl 111 /, ; // . - • cu o O peon agnl _6(\11 ( i