MEMORANDUM OF DEVELOPMENT AGREEMENT
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KEN BURKE, CLERK OF COURT
PINELLAS COUNTY FLORIDA
INST# 200806638603/1112008 at 03"43 PM
OFF REC BK: 16178 PG: 1561-1566
DocType:GOV RECORDING: $52.50
MEMORANDUM OF DEVELOPMENT AGREEMENT
[MOP]
This Memorandum of Agreel11ent for Development and Disposition of Property
("Memorandum") is made this ~day of J-{Q rd, ,2008, by and between the
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER,
FLORIDA, a public body corporate and politic of the State of Florida (the "Agency"),
whose address is 112 S. Osceola Avenue, Clearwater, FL 33756, and MDP
CLEARWATER, LLC, a Georgia limited liability company, whose address is 3280
Peachtree Road, NW, Suite 600, Atlanta, GA 30305.
This Memorandum pertains to an Agreement for Development and
Disposition of Property, by and between the Agency and the Developer, dated as of
~ l () , 2008, (the "Development Agreement"), which provides,
among other things, for the sale of property within a project site as described in Exhibit
"A" attached hereto and made a part hereof for the development and construction of
the Project, as same is defined in the Development Agreement.
The Development Agreement is incorporated herein and made a part
hereof by reference as fully as though it were set forth herein in its entirety. It is the
intention of the parties to hereby ratify, approve and confirm the Development
Agreement as a matter of public notice and record. Nothing herein shall in any way
affect or modify the Development Agreement, nor shall the provisions of this
Memorandum be used to interpret the Development Agreement. In the event of conflict
between the terms of this document and those contained in the Development
Agreement, the terms in the Development Agreement shall control.
A copy of the fully-executed Development Agreement is on file with the
City Clerk, City of Clearwater, Florida, located at City Hall, 112 S. Osceola Avenue,
Clearwater, Florida, which is available for review and copying by the public.
IN WITNESS WHEREOF, the parties hereto have set their hands and
their respective seals affixed as of the J ~ day of _(Y'arc.f'"\ , 2008.
[SIGNATURE PAGE FOllOWS]
(SEAL)
ATTEST:
By:
Its: Executive Director
WITNESSES:
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COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA
BY:.~~
Its Chairman
Byl
City C erk
, as
MOP CLEARWATER, LLC,
a Georgia limited liability company
, as
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By: MDP Clearwater Manager, LLC,
its Manager
By:
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Daniel J. Miles
Manager
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STATE OF GEORGIA )
COUNTY OF UIix- )
The foregoing instrument was acknowledged before me this 1 day of March,
2008, by Daniel J. Miles, as Manager of MOP Clearwater Manager, LLC, Manager of
MDP CLEARWATE~LLC, a Georgia limited liability company, on behalf of the
corporation. He ~ is personally known to me or D has produced
as identification.
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EXHIBIT A
MEDrI'BD.ANEANVILIAGB
TRAC'I' 2
BEGIN ATTHESO'D'lBBASTCXHtNElUIlfLOT 11. BLOCK 2.MAGNOll.tPAllX
AS RBCOJQ>ED INPLATIlOOK 3. PAGB 43 OP''l'HBPOBLICIECO:RDS OP
PlNELLAS COONTY. FIDlUDA; 'lHENC'B S.oa-1T5nL.AmsTANCBOF 1.16
FEB'I'.1H!NCB S.I"O'orw~. ADISTANQ OP.:U.42 FBIiT; 'IHHNa
S.OQ<(J2'4nE~ ADlSTANC'B Of 25.71 PEBT:. 'l'HENCB SJJDST12"W ~ A .
DISTANCE ()ll' 46.67 FBBT; 'l'HENCB S.DO-n'4l1B... A DISTANCE OF 26.04 FEET
TOmB soum lUGKTOPWAYUNE O.P PARKSntBET; mENCB
S.sgssT12"UT. ALONG SAID BIGHT OF WAY OF P.o\I.K SlRDT. ADJSTANCE
OF 19:11 FEET; mBNCBN.21-29"22"W~ ADISTANCE OF 34.41 FIml'; THENCB
S..G6.30.3rw~ADISIANCB OP lU4FBBT; THENCBN.23~"W ~A
DISTANCE OF 11.19 PBBT; 'IBENCBN.UIlS3"OlrW.A DIS'TAHCE OF lSU7
P'EB'F; TBBNCE N.06-DTOIT'B.. A DlS'INACS OF 3.23 FEET TO APOJNT ON 'IBE
NORmltlGHr OF WAY LJNE 0' PAltXS'IRBB'I';THENCE U9-sTU"W.
ALONG SAID RIGHT OF WAYOP PARK S'IUEl. ADlSTANCE OF SJlSFEEr;
TBBNCE S.8101r3rw. ADISTANCE OP 1S7.31llEET; THBNCEN.QNl '23iV..
ADI!n'ANCB OF 4!1U7FEB~ TBENCBN.I11l1S'3TB..ADISTA.l\1CE OF US PEBT
TO THE EAST RIGHT OFW_O\YLlNBOP PR.OSPECl' AVENUE; TBENCB
N.tIO"lTSnv. ALONG 5.4l!D RIGBTOF \vAY QP PROSPBCi' AVENUE. A
mS1'ANCE 002022 FBBT; THBNCBS.llo-1I'JTW..ADlSTANCBOF l.~ FBE'I';
'l'HEINCBN.0I-41'1l'W.. ADlSTANCB OF 46.67PEE'I'.; 'l'BBNCB.NJl-11'37"B.. A
DISTACNE 0F1.91 PEBTTO THB BAST RIGHT QF WAY UNB OF PROSPECT
AVBNUB: TBBNCEN.-DO-ITSi5"W..o\LONG SAID.lIlGBT OFWAY OF PROSPECT
AVBNUB.A DISrANCE OP 143.'9 Fmn' TO 'IHB SOumlUGBTOPWAYLlNB
OP CLEAVBLA..1iID mBBT;THENCB N.J9IlS7'12"'B..ALONGSAlD soum
RIGHT OF WAY OF CLBVEL..um S'I'RB2T ADISTANCE OF 401.00 J'EE'j' ro
T8BNORTHBA~ CORNER. OFLOT 8. BLOCE.2 OF SAID MAGNOU\PAIX;
THENCB S.ooo17"Sn. AlONG THB aUT LlNBOf SAID LOT I.A DJSTANCB
OF 101.S01lEE'I'TO nmSOUTHBASr CORNEllOP SAlDI.OTI:"i'BENCE
N.I9":iTUi"B.A!.ONG-1'BENO:amIJNB OF LOTS 12.t U.Bl.OCZ2OPSAID
MAGNOLIA PAI.K,ADlSTANCB 0' 101.90 FIlET1'O'I'HENOll.'IHUST
COINBP.. OF SAID LOT 11; THENCE S.OO-11'S6"B. .ALONG 'lHE EAST LINE OF
5.1\IDI.OT 11,A DISTANCB.OF 13UO TO TBEPOJNT OFBmlNNING.
ARBAOFTRACT2: l1o.m.l!2s.P'. M.O.L. 2.711 ACRES M.OL
MED~l!ANVJLU.GB
TRACT S
BEGIN ATNOR.'rHWEST COINEllOPlN1'BRSEC'.ElONOP PIml:.CB STltEET A..lID
EUIJNG A~ rmmel N.OO"20'21"W.. ALONG D:IE WSSTBRL YRIGHT OP
WAYIJNE OF EWING AVBNUB.ADlSTANCB.0i"36.45 FEET; THENCE
SM.IO'OS"'\V..ADIST~~ 01'57.03 PBBT; THENCBN.OSD49'SS'W..A
DISTANCE Oll U6.CIO FBET; THENtEN.23-29'%!"W..A DJSTANCE OF U3
FEET: THENCE U6~30'31-W.,A DISTANCE OF 4.40 PEBT.: TBENCE
N.13-lf'21"W.. A DlSTANCBOF 126.00 FEB'I';TBENCB N.f6.3Q.1I"B.... A
DISTANCE OP 46.67 i'BBT; TBENCBS23c]9'21"R., ADJS.'F..4NCB OF 34.41 FEET
TO'J'BB soum RIGHT OF WATUNB OPPAlUtS11UlET;TBBNCE
N....STll"S...o\LONG 8.4ID sotJmRIGHT OF WATOP PAlXSDEET. A
DISTANCE OF6Ul FEET; 'l'HENCBN.CIO"02'4rW..ADIS'IANCB OF 26.04
FEET; 'IBENCB N,n.ST U"'B., A DlSTANCB or 46.67 FEEl'; TBBNCB
S.OQa13'lS"'E..ADISTANCB OJ Pl34FBll1'; 'DIENCHN..I9~T12"E..j\
DISTANCE 139.lJ FEET:: THENCE SJJo-16'l~ADI5'I'ANC! OF 199.70nm'
TOTBENOllTRlUGHT OP WAY UNB OllPJBR.CBSI'REET: '!HENCH
S.l9'57'l:J"'W. ALONGSAlD RIGHT OF WAY OF PIERCE S'IREBT. A DISTANCE
OF 179.16PEBT TO 1HBPOlNT OF BEGlNNING.
AREA OF TRAtT S: SUU.49 SF. M.O.L.13f2 .o\CItES H.OL.
AlSO:
LESS AND BXCEPrTHOSB TWO PARCELS ALONG PllOSPBCT AVENUE
SHOWN HERE ON ASIECORDEDlN O.R..l1'1D3-172.. (CONTA1NING 45lS.P.
M.OL)
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