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INTERLOCAL AGREEMENT , I February 22, 2002 INTERLOCAL AGREEMENT (Mediterranean Village) This INTERLOCAL AGREEMENT (the "Agreement"), made and entered into as of this 7th day of March, 2002, 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"), and the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation (the "City"). WIT N E SSE T H: WHEREAS, it is the purpose and intent of this Agreement, the parties hereto, and the Florida Interlocal Cooperation Act of 1969, as amended and codified as Section 163.01, Florida Statutes (the "Cooperation Act"), to permit the Agency and the City to make the most efficient use of their respective powers, resources and capabilities by enabling them to cooperate on the basis of mutual advantage and thereby to provide the property, facilities and services provided for in this Agreement in the manner that will best accord with the existing and anticipated resources available to each of them and with geographic, economic, population and other factors influencing the needs and developments within the downtown community redevelopment area in the corporate limits of the City and the area of operation of the Agency; and WHEREAS, it is the purpose of the Cooperation Act to provide for a means by which the Agency and the City may exercise their respective powers, privileges and authorities which they share in common and which each might exercise separately; and WHEREAS, the Agency is responsible for the implementation of the redevelopment plan for the redevelopment, rehabilitation and improvement of the community redevelopment area in the City; and WHEREAS, the City and the Agency desire t(') have an approximately 5-acre site located in the community redevelopment area in the downtown area of the City (the "Project Site") redeveloped and rehabilitated by private sector development; and WHEREAS, the City and the Agency are willing to cooperate and provide assistance to each other and, to the extent permitted by law, assist the private development of the site, all in such means and manner as will promote the rehabilitation and redevelopment of the community redevelopment area, benefit the local economy, and be of substantial benefit to the Agency and the City; and Ml 'U '\ J " i ,..J I I WHEREAS, the Agency proposes to exercise its powers available under Part III, Chapter 163, Plorida Statutes, as amended (the "Redevelopment Act"), to aid, assist and cause the acquisition of the Project Site and make it available for sale, in whole or in part, to private sector developers, and to aid, assist, and cause the development, design, and construction of a residential project thereon consisting of 100 residential townhouse fee simple units together with a swimming pool and community center and certain infrastructure improvements (the "Project"); and WHEREAS, the Agency published on October 22, 1999, a Request for Proposals soliciting proposals from private parties for the redevelopment of the Project Site (the "RFP"), and as a result of that RFP the Agency accepted the proposal of The Balk Company, Inc. ("Balk"), dated November 22, 1999, to develop or cause the development of Mediterranean Village on the Project Site, and the Agency intends to enter into an Agreement for Development and Disposition of Property (the "Development Agreement") with Balk; and WHEREAS, in order to enter into the Development Agreement and be able to carry out its obligations thereunder, it is necessary for the Agency to obtain certain assurances, representations, and obligations from the City, including the City agreeing to the construction and installation of certain infrastructure improvements on or about the Project Site and conveyance by the City to Agency of certain property; and WHEREAS, the City is desirous and willing to assist the Agency with the redevelopment of the Project Site by agreeing to exercise its best reasonable efforts in good faith to permit the development of the Project in a timely and efficient manner; and WHEREAS, the acquisition, construction, and use of the Project complies with and will further the purposes of the Plan and the Redevelopment Act; and WHEREAS, but for the mutual undertakings hereunder by the parties to this Agreement, it would be necessary for either the City or the Agency, acting individually, to provide all the financing, pledge all the security and take actions required, permitted or necessary for the designing, acquisition, and construction of the Project, but as provided in the Cooperation Act, each has elected to pursue jointly and collectively these separate actions, all in accordance with the intent and purpose of the Cooperation Act permitting units of local government to, among other things, provide from their revenues, assets and other resources the financial and other support for the purposes set forth in interlocal agreements; and WHEREAS, the Agency and the City intend by this Agreement to more fully establish the joint and several obligations, duties and responsibilities of the Agency and the City to develop or cause the development of the Project, to provide a means and method for a cooperative venture by the parties, and to provide a means and method to pay certain costs of the Project, in order to further the purposes stated herein; and 2 ~ I I WHEREAS, the City and the Agency recognize the special and unique role of the Agency in making the Project possible, including the Agency entering into the Development Agreement, and intend by this Agreement to support, encourage and assist the Agency in developing the Project to completion and use; NOW, THEREFORE, in consideration of the mutual covenants of this Agreement, the Agency and the City agree as follows: ARTICLE 1 AUTHORITY 1.1 Authority. This Agreement is entered into pursuant to the provisions of Section 163.01, Florida Statutes, Section 163.400, Florida Statutes; Part III, Chapter 163 Florida Statutes; Chapter 166, Florida Statutes; Resolution No. 81-68 of the City adopted on August 6, 1981, and other applicable provisions of law, all as amended and supplemented from time to time. ARTICLE 2 DEFINITIONS 2.1 Definitions. As used in this Agreement, the following terms, when initially capitalized, shall have the following meanings: (1) "Act" means Section 163.01, Florida Statutes, Part III, Chapter 163, Florida Statutes, Chapter 166, Florida Statutes, Resolution No. 81-68 of the City adopted on August 6, 1981, and other applicable provisions of law, all as amended and supplemented. (2) "Agency" means the Community Redevelopment Agency of the City, as created by Resolution No. 81-68 of the City, adopted by the City Commission on August 6, 1981, including any amendments thereto, and any successors or assigns thereto which can exercise redevelopment powers. (3) "Agreement" means this Interlocal Agreement between the Agency and the City, including any amendments, revisions and exhibits thereto. (4) "Agreement Termination Certificate" means the instrument executed by the parties hereto as provided in Section 10.5 that this Agreement has been terminated prior to its Expiration Date, the form of which is attached hereto as Exhibit "D." (5) "Area" means the area located within the corporate limits of the City having conditions of slum and blight (as those conditions are defined in the Act) as found by the City Commission in Resolution No. 81-67 adopted by the City Commission on August 6, 1981. (6) "Authorized Representative" means the person who is the duly authorized and designated representative of the City or the Agency, respectively, as provided in Section 3.4 hereof. 3 rf.l I I (7) "Building Permit" means, for all or any part of the Project to be constructed on the Site, any permit issued by the City authorizing, allowing and permitting the commencement, prosecution and completion of construction to the extent provided in said permit. (8) "City" means the City of Clearwater, Florida, a Florida municipal corporation, and any successors or assigns. (9) "City Engineer" means the person employed by the City and designated as the City Engineer or who performs the duties customarily exercised by the City Engineer. (10) "Closing Date" means the dates established as provided in the Development Agreement when title to Stage I, Stage II, or Stage III of the Project Site is conveyed by the Agency to the Developer. (11) "Developer" means The Balk Company, Inc., a Florida for-profit corporation, and its successors or assigns. (12) "Development Agreement" means the Agreement for Development and Disposition of Property (Mediterranean Village), dated as of February 4, 2002, between the Agency and the Developer, providing for the sale of the Project Site to the Developer by the Agency, and for the development, design, construction, and use of the Project on the Project Site, including any exhibits, amendments, addenda, and appendices thereto and replacement or successor agreements thereto. (13) "Effective Date" means the date on which this Agreement becomes effective as provided in Section 11.12 hereof. (14) "Expiration Date" means the date on which this Agreement expires by its own terms and is no longer of any force and effect as provided in Section 11.7 hereof. (15) "Governing Body" means, in the case of the Agency, the governing body of the Agency, and the City Commission of the City in the case of the City, or any successor board, commission or council thereto. (16) "Infrastructure Improvements" means the improvements to be designed, constructed, and installed by the Agency or caused to be designed, constructed and installed by the Agency in substantial accordance with the Infrastructure Improvements Plans and Specifications on the Project Site, including relocation of certain utilities, and construction of the Town Pond and surrounding park (17) "Infrastructure Improvements Completion Certificate" means the instrument executed by the Agency certifying that design, construction, installation and equipping of the Infrastructure Improvements are substantially complete and usable for the purposes contemplated by this Agreement and the Development Agreement and setting forth the date of such substantial 4 fiJ I I completion, the form of which is attached hereto as Exhibit "C." (18) "Infrastructure Improvements Completion Date" means the date on which the construction, installation or equipping of substantially all of the Infrastructure Improvements has been substantially completed in accordance with the Infrastructure Improvements Plans and Specifications. (19) "Infrastructure Improvements Plans and Specifications" means the plans and specifications pertaining to the Infrastructure Improvements, including the schedule for undertaking and completing such improvements and the sequencing of the work. (20) "Mediterranean Village Project" means the project to be developed on the Project Site consisting of 100 residential townhouse fee simple units together with a swimming pool and community center. (21) "Plan" means the community redevelopment plan for the Area, including the Project Site, as adopted by the City Commission on August 17, 1995, by enactment of its Resolution 95-65, and including any amendments to the Plan. (22) "Project" means, collectively, the Infrastructure Improvements and the Mediterranean Village Project and any other components, structures, improvements, activities within the Project Site or appurtenant thereto, all as provided in the Development Agreement. (23) "Project Professionals" means any firm of architects, attorneys, brokers, engineers, consultants, planners, construction managers or any other persons, or combination thereof, retained or employed by the Developer with primary responsibility for the planning, design, construction, permit applications, and completion of the Project. (24) "Project Site" means the approximately 5-acre parcel of real property located in the Area, all as more particularly described in Exhibit "A." (25) "Proposal" means the proposal for redevelopment of the Project Site, dated November 22, 1999, submitted by the Developer to the Agency. (26) "Purchase Price" means the amount to be paid by the Developer to the Agency to acquire the Site. (27) "Request for Proposals" or "RFP" means the Request for Proposal published by the Agency on October 22, 1999, soliciting proposals from persons interested in redeveloping the Project Site in accordance with the Act and the Plan. (28) "Site Plan" means the depiction and description of the Project on the Project Site as provided in the Development Agreement. (29) "Termination Date" means the date on which this Agreement is terminated by any party hereto as provided in Section 10.5, as evidenced by the Agreement Termination Certificate 5 ~ I I described therein. (30) "Unavoidable Delay" means those events constituting excuse from timely performance by a party hereto from any of its obligations hereunder, as such events are defined in and subject to the conditions described in Section 7.9 hereof. 2.2 Use of Words and Phrases. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the singular shall include the plural as well as the singular number, and the word "person" shall include corporations and associations, including public bodies, as well as natural persons. "Herein," "hereby," "hereunder," "hereof," "hereinbefore," "hereinafter" and other equivalent words refer to this Agreement and not solely to the particular portion thereof in which any such word is used. The words "party" or "parties" when referring to the initial signatory parties to this Agreement shall also mean and include any successor or assign of such party, but does not include the Developer. References to "Agency" and "City" may refer to and include the Authorized Representative thereof designated in accordance with Section 3.4 to the extent the Agency or City has authorized its authorized representative to act on its behalf. 2.3 Florida Statutes. Any and all references herein to the "Florida Statutes" are to Florida Statutes (2001), as amended by any session law enacted during any regular or special session of the Legislature of the State of Florida convening subsequent to the Effective Date, and which become law in accordance with the Constitution of the State of Florida. 2.4 Development Agreement Definitions Incorporated. Any initially capitalized term or phrase in this Agreement which is not defined in this Article 2 or elsewhere in this Agreement, shall have the meaning ascribed to it in the Development Agreement. ARTICLE 3 PURPOSE, FINDINGS, INTENT 3.1 Purpose. The purpose of this Agreement is to induce, encourage and assist the redevelopment of the Area through assistance and cooperation in the development of the Project on the Project Site, including the conveyance of the City Property to the Agency and the design, acquisition, construction and equipping of the Infrastructure Improvements by the City. It is also the purpose of this Agreement to define and delineate the responsibilities and obligations of the parties to this Agreement, and to express the desire of the parties to cooperate together to accomplish the purposes and expectations of this Agreement. 3.2 Findings. It is hereby ascertained, determined, declared and found by the parties hereto that: (1) The Area (in which is located the Project Site) contains one or more slum and blighted areas and that the rehabilitation or redevelopment of the Area (including specifically the Project Site) is necessary in the interest of the public health, safety, morals and welfare of the residents of the City; 6 ,fj I I (2) The Project Site is of significance to the Area and represents an area with a substantial impact and effect on the Area in terms of its location, size, prominence and proximity to the downtown core. (3) It is a necessary and appropriate exercise of the redevelopment powers available to the Agency to provide such assistance as is reasonably necessary to cause the redevelopment of the Project Site so it will be a significant residential development in the Area and will enhance the quality of life and the aesthetic and useful enjoyment of the downtown area of the City by the eradication of the conditions of slum and blight found there, all in accordance with and in furtherance of the Act as implemented by the Plan. (4) The redevelopment of the Project Site requires and will not be undertaken or completed successfully without assistance provided to a private developer by the Agency exercising its powers under the Act, and the Agency has solicited proposals from private parties in order to obtain a developer to carry out the redevelopment required for successful redevelopment and rehabilitation of the Project Site. (5) The development of the Project is appropriate to the needs and circumstances of, and shall make a significant contribution to, the economic growth of the area of operation of the Agency, and shall serve a public purpose by, among other things, advancing the economic prosperity, the public health and general welfare of the State and its inhabitants, and promoting the rehabilitation of the City and eliminating and preventing the creation and spread of blighted areas in the area of operation of the Agency and the corporate limits of the City. (6) The Developer's proposal in response to the Agency's RFP for redevelopment of the Project Site conforms to the provisions of the Act, is consistent with and furthers the objectives of the Plan, is responsive to the RFP, was timely received by the Agency, provides for redevelopment of the Project Site in a manner acceptable to the parties, and is in the best interests of the citizens of the City by providing for the redevelopment of Project Site in a manner deemed necessary, appropriate and beneficial to the redevelopment of the Area. (7) The Developer's request for assistance from the Agency in the development of the Project, including the conveyance of the Site to the Developer and the design, construction and installation of the Infrastructure Improvements, as set forth in the Development Agreement, is appropriate, reasonable and necessary in order to induce, encourage, assist, and cause the redevelopment of the Project. (8) The Agency is authorized and empowered under the Act to enter into the Development Agreement and cause the development of the Project as provided therein. (9) The City is authorized under the Act to convey the Site to the Agency for the purpose of the Agency conveying the Site to the Developer for construction and installation of the Project in accordance with the Act and the Development Agreement. 7 ~ I I 3.3 Intent. (1) It is the intent of the parties to efficiently, effectively and economically cause the successful development of the Project in order to redevelop, rehabilitate and improve the Project Site, specifically, and the conditions in the Area, in general, implement the Plan, and otherwise further the purposes of the Act. (2) It is further the intent of the parties that the Developer shall acquire the Site, and shall design and construct the Project thereon substantially in accordance with the requirements of the Development Agreement. (3) The parties intend that no later than when the Agency is required under the Development agreement to sell the Stage III properties to the Developer the City will have conveyed its portion of such property to the Agency. (4) The parties also intend that the Infrastructure Improvements Plans and Specifications and the Project Plans and Specifications will be reviewed as expeditiously as possible and, without abrogating any of its governmental powers, the City will cooperate in approving such plans and specifications and issuing such Building Permits as are necessary for development of the Project. 3.4 Authorized Representative. (a) Each party may from time to time designate one or more individuals to be its Authorized Representative to act on its behalf to the extent of the grant of any authority to such representative. Written notice of the designation of such a representative (and any subsequent change in the Authorized Representative) shall be given by the designating party to the other party in writing in accordance with the procedure set forth in Section 11.9 hereof. The written notice of the Authorized Representative shall indicate the authority that may be exercised by the Authorized Representative. (b) Except as otherwise expressly provided in this Agreement, whenever approval or action by the City or the Agency is required by this Agreement, such action or approval may, in the discretion of the party considering such approval or action, be taken or given by the Authorized Representative thereof. A party to this Agreement may rely upon the representation of the other party's Authorized Representative that such person has the requisite authority to give the approval or take the action being done by that Authorized Representative. A party may not later deny that its Authorized Representative had the authority represented to and relied upon by the other party or revoke or deny any action taken by such Authorized Representative which was relied upon by the other party 3.5 Development ofProiect. (1) The Agency published a Request for Proposals from private persons interested in redeveloping the Project Site in accordance with the Plan. The Agency received the Proposal 8 r$J I Ii from the Developer, accepted it, and entered into the Development Agreement with the Developer, which sets forth the respective rights, duties and obligations of the parties thereto. (2) The parties to this Agreement recognize and agree that the successful development of the Project, including the Infrastructure Improvements, requires the Agency and the City to take certain actions. The Agency has covenanted in the Development Agreement to exercise its best reasonable efforts to take those actions and to urge the City to take those actions by it which are essential to the successful development of the Project. The City agrees to exercise its best reasonable efforts to the extent permitted by law to do those things and take such actions as are needed by it for the Project to be successfully developed. ARTICLE 4 LAND USE REGULATION 4.1 Zoning. On the Effective Date, the zoning classification for the Project Site is Downtown, abbreviated as "D." The parties recognize and acknowledge that the zoning classification of the Project Site as of the Effective Date does permit development of Stage I, Stage II and Stage III on the Site. The City does hereby agree with the Agency that it will not initiate any rezoning of the Site so as to prevent subsequent development of Stage I, Stage II or Stage III to the. extent and for the uses currently contemplated by the Development Agreement. 4.2 Development of Regional Impact. The parties hereto acknowledge and agree that the Project is not a "development of regional impact" as described in Section 380.06, Florida Statutes, and is not subject to review as provided in that statute and applicable rules promulgated by the state and regional governmental agenCIes. 4.3 Governmental Capacity; Established Procedures. (1) The City's duties, obligations, responsibilities and covenants under this Agreement shall not affect the City's rights, duties, obligations, authority and power to act in its governmental and regulatory capacity in accordance with applicable laws, ordinances, codes or other building or project regulations, provided that the City agrees with the Agency to act reasonably and not impose any undue or extraordinary requirements or regulatory procedures on the Project which are not applicable to projects of a similar size and nature. (2) Notwithstanding any other provision of this Agreement or the Development Agreement, any permitting, licensing or other regulatory approvals by the City shall be subject to the established procedures and requirements of the City with respect to review and permitting of a project of a similar or comparable nature, size or scope. In no event shall the City be required by any provision of this agreement to take any action concerning regulatory approvals except through its established processes and in accordance with applicable provisions oflaw. 9 rJ) I I 4.4 Concurrency. The parties hereto recognize and acknowledge that Florida law (specifically, Part II, Chapter 163, Florida Statutes, and Rule 9J-5, Florida Administrative Code, collectively the "Growth Management Act") impose restrictions on development if adequate public improvements are not available concurrently with that development to absorb and handle the demand on public services caused by that development. As of the Effective Date, the parties agree that the Project, as proposed by the Developer in the Proposal and the Development Agreement, does not generate sufficient traffic or other impacts as to be adversely affected by the City's concurrency management requirements. 4.5 Permits. (1) As provided in the Development Agreement, the Developer shall prepare and submit to the appropriate governmental authorities, including the City, the applications for any and all necessary Permits for the construction, installation and completion of the Project and shall bear all costs of preparing such applications, applying for and obtaining such permits, and the Agency shall payor cause to be waived the payment of any and all applicable application, inspection, regulatory and impact fees or charges except as otherwise provided in this Agreement. (2) The Agency has agreed in the Development Agreement to cooperate with the Developer in obtaining all necessary Permits required for the construction, installation and completion of the Project. (3) The Agency agrees to pay the cost of any City Permits required for the construction, installation and completion of the Project, including any Impact Fees. The City agrees that to the extent permitted by law and in its discretion it may waive the payment of any such fees in lieu of payment by the Agency. The Agency agrees to pay the agreed upon amount of $100,000 in satisfaction of the Stormwater buy in fee established in Resolution 99-43 on behalf of the Project. The Agency agrees to pay all such fees as provided in Exhibit E hereto. ARTICLE 5 PLANS AND SPECIFICATIONS 5.1 Site Plan. (a) The parties acknowledge that the Developer has prepared a preliminary Site Plan, a copy of which is attached hereto as Exhibit "B," that contemplates development of the Project consistent with the Proposal and the current zoning classification for the Site. The Developer has agreed in the Development Agreement that during the term of that Agreement any material changes to the preliminary Site Plan or any subsequent versions of the Site Plan will be submitted to the Agency for approval. 10 rfJ I I (b) The Site Plan approved by the Agency shall be the basis for and incorporated into the Project Plans and Specifications. 5.2 Preparation of Plans and Specifications. (I) As provided in the Development Agreement, the Developer shall prepare, or cause to be prepared, the Project Plans and Specifications in sufficient detail and description of the Project, both narratively and graphically, to allow the Agency the opportunity to determine if those plans and specifications are consistent with the Proposal, the Site Plan and the Plan, compatibility with the remainder of the Area, the quality of the materials and construction of the Project within the scope of review set forth in the Development Agreement. (2)(a) The City does hereby consent to the preparation of the Project Plans and Specifications, and any revisions thereto, by the Project Professionals, and the City will not withhold approval of the Project Plans and Specifications because they were prepared by the Project Professionals. The City hereby acknowledges and agrees that the selection of the Project Professionals was and is the sole responsibility of, and within the discretion of, the Developer, and the City will not participate, and has not previously participated, in such selection by the Developer. (b) The parties hereto mutually acknowledge and agree the Project Professionals are not, individually or collectively, agents or representatives, either expressed or implied, of the City or the Agency. 5.3 Review ofProiect Plans and Specifications. The Development Agreement requires the Developer to prepare (or have prepared) the Project Plans and Specifications, which are submitted to the Agency for review and comment as provided in the Development Agreement and are submitted to the City for review under the Land Development Code of the City and applicable ordinances, codes and policies of the City acting in its governmental and regulatory capacity. The City agrees with the Agency that it will promptly, diligently and in good faith review and act upon the Plans and Specifications when received from the Developer. The City covenants and agrees to approve any Project Plans and Specifications submitted to it which are in substantial compliance with applicable ordinances, codes and policies and further agrees to promptly issue the Permits for each part of the Project when the requirements for such permits have been satisfied by the Developer. 5.4 Coordination with City Review. The City agrees to use its best efforts to coordinate and expedite its review of the Project Plans and Specifications, and any part thereof, with any review or approvals by the City. 5.5 Preparation of Infrastructure Improvements Plans and Specifications. 11 rft I I The City shall be responsible for the preparation of the Infrastructure Improvements Plans and Specifications. The City shall submit the preliminary Infrastructure Improvements Plans and Specifications to the Developer for review and comment prior to completion of such Public Improvements Plans and Specifications. ARTICLE 6 PROJECT SITE 6.1 Ownership of the Proiect Site. As of the Effective Date, the Agency is the owner of the Stage I and Stage II Property of the Site. .As of the Effective Date, the City is the owner of the Stage III Property. 6.2 Conveyance of Property to Agency. The City agrees to convey that portion of the Property owned by the City, as shown in Exhibit F, to the Agency. The Agency shall pay the City its actual cost of acquisition of the property conveyed to the Agency. The City shall convey the property upon request of the Agency. It is anticipated that closing shall be on or before February 28, 2004. 6.3 Resale to Developer. The Agency represents to the City and the City acknowledges that the Agency will sell the Site to the Developer for the Purchase Price as provided in the Development Agreement. ARTICLE 7 INFRASTRUCTURE IMPROVEMENTS; PROJECT 7.1 Infrastructure Improvements. The Agency is required by the Development Agreement to plan, construct, install, equip and complete the Infrastructure Improvements or cause other(s), including the City, to plan, construct, install, equip and complete the Infrastructure Improvements so that the Infrastructure Improvements are substantially complete in substantial accordance with the Infrastructure Improvements Plans and Specifications no later than the Infrastructure Improvements Completion Date. The Agency has agreed to coordinate the planning, design and construction and installation of the Infrastructure Improvements with the Project being planned, designed, constructed and installed by the Developer. 7.2 Infrastructure Improvements Financing. (1) The cost of the Infrastructure Improvements shall be paid from funds legally available to the City. (2) In no event shall the obligations, either express or implied, of the Agency or the City under the provisions of this Agreement to pay the costs of the Infrastructure Improvements be or constitute a general obligation or indebtedness of the City or the Agency, or both, or a pledge of the ad valorem taxing power of the City or the Agency, or both, within the meaning of 12 rJJ I I the Constitution of the State of Florida or any other applicable laws, but shall be payable solely from legally available revenues and funds. The Developer, any Construction Lender or any Contractor, subcontractor, materialman, or supplier for any part of the Project, shall not have the right to compel the exercise of the ad valorem taxing power of the Agency or the City or any other governmental entity on any real or personal property or taxation in any form to pay the Agency's obligations or undertakings hereunder. 7.3 Construction of the Infrastructure Improvements. (1) Following approval of the Infrastructure Improvements Plans and Specifications and in coordination with the construction of the Project, the City will cause construction and installation of the Infrastructure Improvements to begin and cause it to proceed to completion in substantial compliance with the Infrastructure Improvements Plans and Specifications and the Infrastructure Schedule. It is the intent of the parties to this Agreement that construction of the Infrastructure Improvements will be substantially complete in accordance with the Infrastructure Schedule. Nothing herein shall be deemed to require or mandate the City to commence construction and installation of the Infrastructure Improvements, or any part thereof, prior to the Developer commencing construction of the Project, or any part thereof. (2) The City agrees to undertake the design, construction and installation of the Infrastructure Improvements in accordance with its normal and customary procedures for the solicitation of bids from contractors, awarding of design and construction contracts, and for administration of the construction through to completion. The City acknowledges. that the Infrastructure Improvements are essential to the successful development of the Project and will do all which is reasonably possible to accomplish the design, construction and equipping of the Infrastructure Improvements in accordance with the Infrastructure Schedule. (3) The City will keep the Agency apprised as to the status of the design and construction of the Infrastructure Improvements and will promptly notify the Agency if there are any delays during the course of design or construction which could affect the Infrastructure Schedule or the Infrastructure Improvements Completion Date. (4) The City Engineer will oversee, supervise and coordinate the bidding and awarding of the City's contracts for design and construction services pertaining to the Infrastructure Improvements and will oversee, supervise and coordinate the design and construction of such improvements so that they are substantially completed in accordance with the Infrastructure Improvements Plans and Specifications and the Infrastructure Schedule and will coordinate the design and construction of the Infrastructure Improvements with the design and construction of the Project, including the development of a design and construction milestone schedule. 7.4 Construction of the Project. (1) Following approval of the Project Plans and Specifications and in coordination with the construction of the Infrastructure Improvements, the Developer has agreed in the 13 fIJ I I Development Agreement to cause construction and installation of Stage I of the Project to begin and cause it to proceed to completion in substantial compliance with the Project Plans and Specifications. Any significant deviations from the approved Project Plans and Specifications shall be submitted by the Developer to the Agency for review and approval and the Agency agrees to submit them to the City for review and approval prior to any action by the Agency. 7.5 Infrastructure Improvements Completion. (1) Upon the completion of the construction and installation of the Infrastructure Improvements substantially in accordance with the standards in the Development Agreement and the Infrastructure Improvements Plans and Specifications such that those improvements are substantially complete, the Agency, with the concurrence of the City, shall prepare and execute the Infrastructure Improvements Completion Certificate, and deliver it to the Developer. Upon receipt of the certificate, the Developer shall determine if construction and installation of the Infrastructure Improvements has been so completed, and, if so, shall execute the certificate and return it to the Agency. (2) The Infrastructure Improvements Completion Certificate shall be in a form sufficient to be recorded in the public records of Pine lIas County, Florida. After execution thereof by the parties hereto, it shall be returned to the Agency, which shall be responsible for having the certificate promptly recorded in the public records of Pinellas County, Florida. The Agency shall be responsible for the cost of such recording. 7.6 Project Completion Certificate. (1) Upon the completion of the construction of Stage I of the Project substantially in accordance with the Project Plans and Specifications such that it is substantially complete, the Developer shall prepare and execute the Stage Project Completion Certificate, and deliver it to the Agency. Upon receipt of the certificate, the Agency, after consultation with the City, shall determine if construction of Stage I of the Project has been so completed, and, if so, shall execute the certificate and return it to the Developer. The parties acknowledge and agree that the Agency is not obligated to find that the Project have been completed and execute the Project Completion Certificate unless and until the City Engineer has determined the Project is substantially complete and the Project is substantially in conformity with the Site Plan, the Project Plans and Specifications and the terms in the Development Agreement. (2) The Stage I Project Completion Certificate shall be in a form sufficient to be recorded in the public records of Pinellas County, Florida. After execution thereof by the parties hereto, it shall be returned to the Developer, which shall be responsible for having the certificate promptly recorded in the public records of Pinellas County, Florida. The Developer shall be responsible for the cost of such recording. 7.7 Infrastructure Project Coordination. (1 ) It is the intent and desire of the parties hereto that the design and construction of 14 ~ I I each part of the Infrastructure Improvements and the Project be coordinated with other parts of the Project and the design, construction and installation of the Infrastructure Improvements and the Project shall be done so as to minimize conflicts, improve efficiency and avoid delays in completion of the Infrastructure Project and each part thereof. (2) The Agency and the City shall each designate a person to coordinate the planning, construction, installation, equipping and completion of the Infrastructure Improvements with the construction of the Project. 7.8 Unavoidable Delay. (1) Any delay in performance of or inability to perform any obligation under this Agreement (other than an obligation to pay money) due to any event or condition described in paragraph (2) as an event of "Unavoidable Delay" shall be excused in the manner provided in this Section 7.9. (2) "Unavoidable Delay" means any of the following events or conditions or any combination thereof: acts of God, acts of the public enemy, riot, insurrection, war, pestilence, archaeological excavations required by law, unavailability of materials after timely ordering of same, epidemics, quarantine restrictions, freight embargoes, fire, lightning, hurricanes, earthquakes, tornadoes, floods, extremely abnormal and excessively inclement weather (as indicated by the records of the local weather bureau for a five-year period preceding the Effective Date), strikes or labor disturbances, delays due to proceedings under Chapters 73 and 74, Florida Statutes, restoration in connection with any of the foregoing or any other cause beyond the reasonable control of the party performing the obligation in question, including, without limitation, such causes as may arise from the act of the other party to this Agreement, or acts of any governmental authority (except that acts of the Agency shall not constitute an Unavoidable Delay with respect to performance by the Agency). (3) An application by any party hereto (referred to in this paragraph (3) and in paragraph (4) as the "Applicant") for an extension of time pursuant to subsection (I) must be in writing, must set forth in detail the reasons and causes of delay, and must be filed with the other party to this Agreement within seven (7) days following the occurrence of the event or condition causing the Unavoidable Delay or seven (7) days following the Applicant becoming aware (or with the exercise of reasonable diligence should have become aware) of such occurrence. (4) The Applicant shall be entitled to an extension of time for an Unavoidable Delay only for the number of days of delay due solely to the occurrence of the event or condition causing such Unavoidable Delay and only to the extent that any such occurrence actually delays that party from proceeding with its rights, duties and obligations under this Agreement affected by such occurrence. (5) If Unavoidable Delay is invoked by any party to this Agreement, then any time period or deadlines applicable to the other party shall be tolled during and to the extent of the time period caused by the Unavoidable Delay. 15 rP I I 7.9 Restrictions on Use. (1) Prior to the earlier of the Termination Date or the Expiration Date, the City agrees with the Agency that no use of the Project Site shall be permitted other than as residential development as described in the Development Agreement. If the Developer or the person, if other than the Developer, intend to use the Project Site for any other use(s), then a request for a release from the any part of or all of the restriction shall be filed with the Agency. The Agency shall promptly consider such request and after consultation with the City and either deny the request, approve the request as filed, or approve the request subject to such terms, conditions and limitations as the Agency may reasonably require. If any release of the use restriction is approved by the Agency, an instrument evidencing such release and in such form that it may be recorded, shall be recorded in the public records of Pinellas County, Florida, and the cost of such recording shall be paid by the person requesting the release. Nothing herein is intended or shall be deemed to affect any restriction on use of the Project Site by application of any law, ordinance, regulation or other restriction, nor is anything herein intended to prevent temporary uses of the Project Site for certain uses such as construction, construction trailers, sales and marketing events, tents, parties, and other such events to the extent such are approved, permitted or licenses as provided by applicable law. 7.10 Agency and City Not in Privity with Contractors. The City and the Agency shall not be deemed to be in privity of contract with any Contractor or provider of goods or services with respect to the construction of any part of the Project. ARTICLE 8 REPRESENTATIONS AND WARRANTIES 8.1 Representations and Warranties of the Agency. The Agency represents and warrants to the City that each of the following statements is presently true and accurate and can be relied upon by the City: (1) The Agency is the duly created and designated community redevelopment agency of the City, a validly existing body politic and corporate of the State, has all requisite corporate power and authority to carry on its business as now conducted and to perform its obligations under this Agreement and each document contemplated hereunder to which it is or will be a party. (2) This Agreement and each document contemplated hereby, specifically including but not limited to the Development Agreement, to which the Agency is or will be a party has been duly authorized by all necessary action on the part of, and has been or will be executed and delivered by, the Agency and neither the execution and delivery thereof, nor compliance with the terms and provisions thereof or hereof: (a) requires the approval and consent of any other party, except such as have been duly obtained, (b) contravenes any existing law, judgment, governmental rule, regulation or order applicable to or binding on the Agency, or (c) contravenes or results in any breach of, default under or result in the creation of any lien or encumbrance 16 IP I I upon any party under any indenture, mortgage, deed of trust, bank loan or credit agreement, applicable ordinances, resolutions or any other agreement or instrument to which the Agency is a party, specifically including any covenants of any bonds, notes or other obligations of the Agency outstanding on the Effective Date. (3) This Agreement and each document contemplated hereby, including the Development Agreement, to which the Agency is or will be a party constitutes, or when entered into will constitute a legal, valid and binding obligation of the Agency enforceable against the Agency in accordance with the terms thereof, except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws from time to time in effect which affect creditors' rights generally and subject to usual equitable principles in the event equitable remedies are involved. (4) There are no pending or, to the knowledge of the Agency, threatened actions or proceedings before any court or administrative agency against the Agency, which question the validity of this Agreement, the Development Agreement or any instrument or document contemplated herein, or which are likely in any case or in the aggregate to materially adversely affect the successful redevelopment of the Project and the consummation of the transactions contemplated hereunder or the financial or corporate conditions of the Agency. (5) This Agreement does not violate any laws, ordinances, rules, regulations, orders, contracts, or agreements that are or will be applicable thereto. 8.2 Representations and Warranties of the City. The City represents and warrants to the Agency that each of the following statements is presently true and accurate and can be relied upon by the Agency: (1) The City is a validly existing municipal corporation of the State, has all requisite corporate power and authority to carry on it business as now conducted and to perform its obligations under this Agreement and each document contemplated hereunder to which it is or will be a party. (2) This Agreement and each document contemplated hereby to which the City is or will be a party has been duly authorized by all necessary action on the part of, and has been or will be executed and delivered by, the City and neither the execution and delivery thereof, nor compliance with the terms and provisions thereof or hereof: (a) requires the approval and consent of any other party, except such as have been duly obtained, (b) contravenes any existing law, judgment, governmental rule, regulation or order applicable to or binding on the City, or (c) contravenes or results in any breach of, default under or result in the creation of any lien or encumbrance upon any party under any indenture, mortgage, deed of trust, bank loan or credit agreement, applicable ordinances, resolutions or any other agreement or instrument to which the City is a party, specifically including any covenants of any bonds, notes or other obligations of the City outstanding on the Effective Date. (3) This Agreement and each document contemplated hereby to which the City is or 17 t/J I I will be a party constitutes, or when entered into will constitute a legal, valid and binding obligation of the City enforceable against the City in accordance with the terms thereof, except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws from time to time in effect which affect creditors' rights generally and subject to usual equitable principles in the event equitable remedies are involved. (4) There are no pending or, to the knowledge of the City, threatened actions or proceedings before any court or administrative agency against the City, which question the validity of this Agreement, the Development Agreement or any instrument or document contemplated herein, or which are likely in any case or in the aggregate to materially adversely affect the successful redevelopment of the Project and the consummation of the transactions contemplated hereunder or the financial or corporate conditions of the City. (5) This Agreement does not violate any laws, ordinances, rules, regulations, orders, contracts, or agreements that are or will be applicable to the City. ARTICLE 9 INDEMNIFICATION 9.1 Indemnification by the Agency. (1) In consideration of the City undertaking the Infrastructure Improvements and such other actions as are provided herein, and other valuable consideration, to the extent permitted by law, the Agency shall pay, indemnify and save harmless the City, its agents, guests, invitees and employees from all suits, actions, claims, demands, damages, losses and other reasonable expenses and costs of every kind and description to which the City, its agents, guests, invitees or employees may be subjected to by reason of injury to persons or death or property damage resulting from or growing out of any commission, omission, negligence or fault of the Agency, its agents or employees, the Developer, or their contractors or subcontractors in connection with (a) any building, construction, installation or development work, service or operation being undertaken or performed by or for the Agency or the Developer in, on, under, or over the Project Site, or (b) any uses, occupancy, maintenance, repair and improvements, or operation of all or part of the Project Site by or for the Agency or the Developer; provided, however, such indemnification shall not be applicable to the extent a decision or judgment of a court of competent jurisdiction holds that any injury to persons or death or property damage was the result of acts of commission, omission, negligence or fault of the City, its agents or employees. (2) This Section 9.1 shall not be deemed or construed to provide any indemnification by the Agency for the benefit of any third parties other than the City (specifically including, but not limited to, the Developer), nor a waiver by the Agency of any liability of the City which the Agency may be entitled to recover damages notwithstanding any provision of this Agreement to the contrary. 9.2 Environmental Indemnification. 18 If I I (a) The City agrees to indemnify, defend, and hold harmless the Developer, its officers, directors, employees, agents, attorneys, contractors, lenders, successors, and assigns (including any successors or assigns to any interest of the Agency in the Site) (collectively, the Indemnified Parties) from all actions, claims, administrative proceedings, damages (except for punitive damages), losses (excluding those resulting from any diminution of value or marketability of the Site) including those resulting from delay or increased costs of construction, such as the cost of dewatering during the construction of the swimming pool), expenses, costs (including those for remediation), fines, judgments, or other liabilities, including reasonable attorneys' fees, which may at any time be filed against, imposed upon, incurred by, or asserted or awarded any of the Indemnified Parties, arising from or in connection with (i) the presence, discharge, or release of any Hazardous Substances on, in, under, or about the Site at any time before the conveyance of the Site to the Developer by the Agency; or (ii) the application of any Environmental Law to the acts or omissions of the City or the Agency or their respective officers, employees, agents, successors, or assigns in connection with the Site; or (iii) the City's failure to comply with any Environmental Law with respect to the Site. With respect to any contaminant identified by the URS reports identified above as having been detected on the Site, the Developer acknowledges receipt of the reports and represents that, to the best of the Developer's knowledge, the presence of the contaminants detected by URS will not delay or increase the cost of the construction or development planned by the Developer for the Site. (Exhibit J to Development Agreement) (b) To exercise its indemnification rights hereunder, an Environmental Indemnified Party shall promptly notify the City of any such claim in respect of which indemnity is sought hereunder. Any such notice shall be given in good faith, be reasonably specific and shall set forth in reasonable detail, if available, the nature of the alleged loss, claim, damage, expense or liability of the action or proceeding. An Environmental Indemnified Party shall advise the City of all material facts relating to such assertion within the direct and actual knowledge of an Environmental Indemnified Party and, in the event of a third party claim or action, shall afford the City the opportunity, at the City's sole cost and expense, to defend against such claims, actions or proceedings. In any such claim, an Environmental Indemnified Party shall have the right to retain its own counsel, and the fees and expenses of such counsel shall be at its own expense unless the City and the Environmental Indemnified Party mutually agree in writing to the retention of such counsel at the City's expense. (c) An Environmental Indemnified Party shall have no right to settle or compromise any claims subject to indemnification hereunder if Agency notifies the Environmental Indemnified Party that the City intends to defend against such claim and undertakes such defense within fifteen (15) days after receiving written notice of such claim, and continues such defense throughout the pendency of such claim. If the City fails to undertake such defense or continue 19 ~ I I such defense throughout the pendency of such claim, then, in such event, the Environmental Indemnified Party may undertake to settle or compromise any claim upon such terms and conditions as the Environmental Indemnified Party deems necessary or appropriate, and all amounts incurred by the Environmental Indemnified Party (including its attorneys' fees) in connection with the settlement or compromise of such claim shall be paid by City to the extent such amounts are covered by the indemnification provided in this Development Agreement. Except as provided above, the City shall not be liable for any settlement effected without the City's consent of any claim for which indemnity may be sought hereunder. (d) The provisions of this Section 9.2 shall survive the expiration or termination of this Agreement. Further, the indemnification provisions contained in this Section 9.2 shall be in addition to any other remedy or indemnification provided to the Agency under this Agreement and the foregoing indemnity shall not in any way be subject to limitations imposed upon the Agency with respect to any remedy or indemnification, including, but not limited to, any such limitation contained in Section 10.2 of this Agreement. (e) Notwithstanding anything to the contrary contained herein, with respect to the indemnification obligations of the City, the following shall apply: (1) the indemnifying party shall not be responsible for damages that could have been, but were not, mitigated by the indemnified party; (2) the indemnifying party shall not be responsible for that portion of any damages caused by the negligent or willful acts or omissions of the indemnified party; and (3) there shall be no obligation to indemnify hereunder in the event that the indemnified party (1) shall have effected a settlement of any claim without the prior written consent of the indemnifying party, or (2) shall not have subrogated the indemnifying party to the indemnified party's rights against any third party by an assignment to the indemnifying party of any cause or action against such third party. 9.3 Environmental Remediation. (a) In addition to the requirements of Section 9.2, the City agrees that it will, on behalf of the Agency, remediate the soil contamination by excavating and removing the contaminated soil in accordance with the Brownfield Site Rehabilitation Agreement (BSRA) dated July 12, 2001, between the City and the Florida Department of Environmental Protection (the Department), the Interim Source Removal Plan prepared by URS Corporation and dated November 2001, and the Focused Risk Assessment (Property B) prepared by Hazardous Substance & Waste Management Research, Inc., for URS and dated November 200 I. At its own expense the City shall monitor the groundwater contamination and enter into a restrictive covenant restricting the use of groundwater in the Site in accordance with the BSRA and the Department's approval of the City's Monitoring Only Plan to be submitted in the revised Remedial Action Plan required by the BSRA. 20 [P I I ARTICLE 10 DEFAUL T; TERMINATION 10.1 Default by the Agency. (1) Provided the City is not then in default under this Agreement as set forth in Section 10.2 hereof, there shall be an "event of default" by the Agency under this Agreement upon the occurrence of anyone or more of the following: (a) The Agency shall fail to perform or comply with any material provision of this Agreement; or (b) The Agency shall make a general assignment for the benefit of its creditors, or shall admit in writing its inability to pay its debts as they become due or shall file a petition in bankruptcy, or shall be adjudicated a bankrupt or insolvent, or shall file a petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation of shall file an answer admitting, or shall fail reasonably to contest, the material allegations of a petition filed against it in any such proceeding, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of the Agency or any material part of its properties; or (c) Within sixty (60) days after the commencement of any proceeding by or against the Agency seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such proceeding shall not have been dismissed, or if, within sixty (60) days after the appointment without the consent or acquiescence of the Agency or any trustee, receiver or liquidator of the Agency or of any material part of its properties, such appointment shall not have been vacated. (d) An event of default by the Agency under the Development Agreement has occurred and not been cured within the time period permitted therein. (2) If an "event of default" described in Subsection 10.1 (1) hereof shall have occurred, the City, after giving thirty (30) days written notice of such event of default to the Agency, and upon expiration of such thirty (30) day notice period, if such event of default has not been cured, the City shall seek to enforce the terms of this Agreement. 10.2 Default by the City. (1) Provided the Agency is not then in default under this Agreement as set forth in Section 10.1 hereof, there shall be an "event of default" by the City under this Agreement upon the occurrence of the following: (a) the City shall fail to perform or comply with any material provision of this Agreement, specifically including, but not limited to, the failure to convey the City Property to the Agency when such conveyance is scheduled to take place as provided herein, or (b) failure of the City to timely commence, construct and complete the construction and installation of the Infrastructure Improvements. 21 rJJ I I (2) If an "event of default" described in Subsection 10.1 (1) hereof shall have occurred, the Agency, after giving thirty (30) days written notice of such event of default to the City, and upon expiration of such thirty (30) day notice period, if such event of default has not been cured, the Agency shall seek to enforce the terms of the Agreement. (3) In the event of a default by City in the construction and completion of the Infrastructure Improvements which is not cured within the cure period provided in paragraph (2) above, Agency may elect, at its option, without limiting Agency's right to pursue any other remedy provided in this Agreement, to undertake to complete construction of the Infrastructure Improvements in such a manner as Agency deems reasonably necessary or appropriate under the circumstances. In such event, the Infrastructure Plans and Specifications, working drawings, construction contracts, contract documents, Building Permits, Permits and any other documents or information related to the construction of the Infrastructure Improvements will be deemed then assigned by City to Agency without the necessity of any other action being taken or not taken by any party hereto, and City shall undertake all steps as are reasonably necessary to assist Agency in gaining access to the areas upon which the Infrastructure Improvements are to be made. In the event Agency elects to exercise such construction of the Infrastructure Improvements, City shall be obligated to promptly reimburse Agency for all costs (including any costs of overtime or premium work necessary to achieve the completion of the Infrastructure Improvements in accordance with the Infrastructure Schedule or as required to avoid delay in completion of Phase I), incurred by Agency in connection with such construction of the Infrastructure Improvements. Such reimbursement shall include interest on the amounts so expended by Agency at the rate of twelve percent (12%) per annum from the date such amounts were expended by Agency until the date they have been reimbursed by City. 10.3 Obligations, Rights and Remedies Exclusive. The rights and remedies specified herein to which either the Agency or City are entitled are exclusive and are intended to be to the exclusion of any other remedies or means of redress to which the Agency or the City may otherwise lawfully be entitled. 10.4 Non-Action on Failure to Observe Provisions of this Agreement. The failure of the Agency or the City to promptly insist upon strict performance of any term, covenant, condition or provision of this Agreement, or any exhibit hereto or any other agreement contemplated hereby shall not be deemed a waiver of any right or remedy that the Agency or the City may have, and shall not be deemed a waiver of a subsequent default or nonperformance of such term, covenant, condition or provision. 10.5 Effect of Termination. (1) Upon the termination or expiration of the Development Agreement, then this Agreement shall terminate and all obligations of the parties hereto shall then cease and, except as otherwise provided in this Agreement, be released and no longer be of any force and effect, provided, however, and notwithstanding the foregoing provisions of this Section 10.5, the following obligations of Agency and the City shall survive the expiration of this Agreement and 22 ,A I I shall remain in full force and effect in accordance with the terms of this Agreement: (i) the obligation of Agency to timely pay the fees, charges and Impact Fees contemplated by Section 3.04(a) of the Development Agreement or the City to waive any such fees, charges, and Impact Fees with respect to any Stage; (ii) the indemnity obligations of the Agency and the City as contained in Article 9 hereof, specifically including the environmental indemnification in Section 9.2; (iii) the environmental remediation obligations of the City; (iv) any other provision of this Agreement which expressly states it survives expiration or termination of this Agreement. (2) In the event of a termination of this Agreement pursuant to this Section 10.5, neither the City nor the Agency shall be obligated or liable one to the other in any way, financial or otherwise, for any claim or matter arising from or as a result of this Agreement or any actions taken by the City or the Agency, or both, thereunder or contemplated hereby; provided, however, that if any suits, actions, claims, or demands of any kind shall be made against the City or the Agency, or both of them, seeking damages, expenses and costs (including attorneys' fees), or any other relief, arising from or as the result of any omission, negligence or fault of the City or the Agency in connection with this Agreement or any actions taken by the City or the Agency, or both of them, hereunder or contemplated hereby, the indemnification provisions of Article 9 hereof shall apply and shall survive termination of this Agreement. 10,6 Termination Certificate (a) In the event of a termination of this Agreement prior to the Expiration Date, each of the parties hereto does covenant and agree with the other to promptly execute a certificate prepared by the party electing to terminate this Agreement, which certificate shall expressly state that this Agreement has been terminated in accordance with its terms, is no longer of any force and effect except for those provisions hereof which expressly survive termination, that the rights, duties and obligations of the parties hereto have been terminated and released (subject to those surviving provisions hereof). (b) The certificate described in subsection (a) shall be prepared in a form suitable for recording and promptly after execution by all of the parties hereto shall be recorded in the public records of Pinellas County, Florida. The cost of recording the termination certificate shall be paid by the Agency. ARTICLE 11 MISCELLANEOUS 11.1 Amendments. This Agreement may be amended by the mutual written agreement of the Agency and the City at any time and from time to time, which amendments shall become effective upon filing thereof with the Clerk of the Circuit Court of Pinellas County, Florida, pursuant to Section 163.01(11), Florida Statutes. 11.2 Agreement Constitutes Contract. The Agency and the City acknowledge that the parties hereto will rely on the pledges, covenants and obligations created herein for the benefit of the parties hereto, and this Agreement shall be deemed to be and constitute a contract between 23 fIl I I the Agency and the City as of the Effective Date. 11.3 Assignment. Neither party may assign or transfer any or all of its duties, rights, responsibilities, or obligations under this Agreement to any other party or any person not a party to this Agreement without the express prior approval of the other party to this Agreement. 11.4 Severability. The provisions of this Agreement are severable, and it is the intention of the parties to confer the whole or any part of the powers herein provided for and if any of the provisions of this Agreement or any other powers granted by this Agreement shall be held unconstitutional, invalid or void by any court of competent jurisdiction, the decision of said court shall not affect or impair any of the remaining provisions of this Agreement. It is hereby declared to be the intent of the parties hereto that this Agreement would have been adopted, agreed to, and executed had such unconstitutional, invalid or void provision or power not been included therein. 11.5 Controlling law. Any and all provisions of this Agreement and any proceeding seeking to enforce and challenge any provision of this Agreement shall be governed by the laws of the State of Florida. Venue for any proceeding pertaining to this Agreement shall be Pinellas County, Florida. 11.6 Members of the Agency and City Not Liable. (l) All covenants, stipulations, obligations and agreements of the Agency and the City contained in this Agreement shall be deemed to be covenants, stipulations, obligations and agreements of the Agency and the City, respectively, to the full extent authorized by the Act and provided by the Constitution and laws of the State of Florida. (2) No covenant, stipulation, obligation or agreement controlled herein shall be deemed to be a covenant, stipulation, obligation or agreement of any present or future individual member of the governing body or agent or employee of the Agency or the City in its, his or their individual capacity, and neither the members ofthe Governing Body of the Agency or the City or any official executing this Agreement shall individually be liable personally or shall be subject to any accountability by reason of the execution by the Agency or the City of this Agreement or any act pertaining hereto or contemplated hereby. 11.7 Expiration of Agreement. (1) This Agreement shall expire and terminate by its own terms without further notice or action by any party hereto on the tenth (lOth) anniversary of the Effective Date. (2) The parties covenant and agree that upon this Agreement expiring and terminating on the Expiration Date, all rights, privileges, obligations and responsibilities of any party hereunder shall expire and be of no force and effect, except to the extent any provision hereof expressly survives the Expiration Date. 24 ~ I I 11.8 Third Party Beneficiaries. Nothing in this Agreement, expressed or implied, is intended or shall be construed to confer upon any person, firm or corporation other than the parties hereto, any right, remedy, or claim, legal or equitable, under or by reason of this Agreement or any provision hereof. It is the intent of the parties hereto that this Agreement and all its provisions are intended to be and are for the sole and exclusive benefit of the parties hereto. 11.9 Notices. Any notice, demand, direction, request or other instrument authorized or required by this Agreement to be given or filed with the Agency or the City shall be deemed sufficiently given or filed for all purposes of this Agreement if and when sent by registered mail, return receipt requested, or by direct personal delivery: To the Agency, addressed to Community Redevelopment Agency of the City of Clearwater, Florida 112 S. Osceola Avenue Clearwater, FL 32521 Attention: Executive Director To the City, addressed to City of Clearwater, Florida 112 S. Osceola Avenue Clearwater, FL 32521 Attention: City Manager 11.10 Execution of Agreement. This Agreement shall be executed in the name of the Agency by its Chairman and Executive Director and the seal of the Agency affixed hereto and in the name of the City by its Mayor and City Clerk, and approved as to form and execution by the City Attorney, and the seal of the City affixed hereto. If any officer whose signature appears on this Agreement ceases to hold office before all officers shall have executed this Agreement or prior to the filing of this Agreement as provided in Section 11.11 hereof, his or her signature shall nevertheless be valid and sufficient for all purposes. This Agreement shall bear the signature of, or may be signed by, such individuals as at the actual time of the execution of this Agreement shall be the proper and duly empowered officer to sign this Agreement and this Agreement shall be deemed to have been duly and properly executed even though on the Effective Date any such individual may not hold such office. 11.11 Filing With Circuit Court Clerk. The City Clerk is hereby authorized and directed after approval of this Agreement by the Governing Body of each of the Agency and the City and the execution thereof by the duly qualified and authorized officers of each of the parties hereto as provided in Section 11.10 hereof, to file this Agreement with the Clerk of the Circuit Court of Pinellas County, Florida, as provided in Section 163.01(11), Florida Statutes. 11.12 Effective Date. This Agreement shall become effective immediately upon filing 25 tfJ I , with the Clerk of the Circuit Court of Pinellas County, Florida, as provided In Section 163.01(11), Florida Statutes. IN WITNESS WHEREOF, the parties hereto, by and through the undersigned, have entered into this Interlocal Agreement as of the day and year first above written. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA By: A ITFST: By: [ C . a E. Goudeau, City Clerk CITY OF CLEARWATER, FLORIDA By: A.i.... ~.~ T William B. Horne II City Manager Approved as to form: Attest: p!:diJ Akin (~Z. !La r.. Cyn "a E. Goud~u .. CIty lerk ./ .. City Attorney STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me by BRIAN J. AUNGST and CYNTHIA E. GOUDEAU, as Chairperson and City Clerk, respectively, of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, on behalf of the Agency, this ,..~# day of ~ ,2002. C ~~ NO~liC My Commission Expires: (Affix notarial seal) tIt1fNW JtUILlC . nATI Of' FLOM:lA CAROlYN L BRINK COMMISSION' CC834678 EXPIRES 5/22/2003 BONDED THRU ASA 1-888-NOTARYl 26 ./iJ I I STATE OF FLORIDA COUNTY OF PINELLAS The foregoing instrument was acknowledged before me by WILLIAM B. HORNE II and CYNTHIA E. GOUDEAU, as City Manager and City Clerk, respectively, o~e CITY OF CLEARWATER, FLORIDA, on behalf of the City, this ''1 day of ~ ,2002. My Commission Expires: ~~.~ Notary Pu c (Affix notarial seal) NOTARY "UILIC . ITAT! OF FLORIDA CAROLYN L BRINK COMMISSION" CCB34678 EXPIRES 5/2212003 BONDED THRU ASA 1-888-NOTARY1 27 I I Interlocal Agreement Exhibit List Exhibit "A" Project Site Exhibit "B" Site Plan Exhibit "C" Infrastructure Improvement Completion Certificate Exhibit "D" Agreement Termination Certificate Exhibit "E" Schedule of CRA payments Exhibit "F" City owned property Exhibit "J" List of environmental documents prepared by Dames & MoorelURS EXHffiITS "G" "H" AND "I" INTENTIONALLY OMillED ff I I · EXHIBIT A Project Site . . I I ParcellA . Begin at the Southeast corner of Lot 14, Block 1, Magnolia Park, as recorded in Plat Book I, Page 70 of the Public Records of Hills borough County, Florida, of which Pinellas County was once a part; thence NOOo 17' 56"W along the East line of said Lot 14 and Lot 3, Block 1, of said Magnolia Park, 235.00 feet to a point on the apparent South right of way line of Cleveland Street as described by the survey map prepared for the City of Clearwater by Florida Design Consultants, job number 212-07, dated 04/03/01; thence N89057' I2"E, along said apparent South right of way line of Cleveland Street 270.00 feet to a intersection of the East line of Lot 8, Block I, of said Magnolia Park and the West right of way line of Prospect Avenue; thence SOoo17'56"E along said West right of way line of Prospect Avenue 97.87 feet; thence leaving said West right of way line East, 14.49 feet; thence South, 30.00 feet; thence West, 14.33 feet to a point on said West right of way line of Prospect Avenue; thence SOOI7'56"E, along said West right of way line of Prospect Avenue 107.14 feet to the Southwest corner of Lot 9, Block 1, of said Magnolia Park; thence S89057' I2"W, along the North right of way of Park Street, 54.00 feet to the Southeast corner of Lot 10, Block 1 of said Magnolia Park; thence NOOo 17' 56"W, along the East line of said Lot 10, 132.50 feet to the Northeast corner of said Lot 10, thence S89057' 12"W, 202.00 feet; thence SOool7'56"E, 132.50 feet to the North right of way line of Park Street; thence S89057' 12"W along said North right of way line of said Park Street 14.00 feet to the point of beginning. (Containing 37102.27 S.F., M.O.L.) . . S:\Projects\Downtown Pond - #98-0116-EN\legals for plat and lease. doc I I j ::; (, 1 ...J . --L ...- 0 .......... O'l N .......... 31\ 'r/ lO3dSO~d ...- SOUlM > 30.00' W a:::: . . ~ lIJ lIJ a:: ~ VlO lD o Z' <0::; -lVl ~ lIJ -l c..> I l- II o Z ~ ~b "'~ ",. io.'" GO en 2 l- e .... o ... :: l- e ...J N - l- e ...J ::! l- S .., .... e .... :! .... e .... N .... S ~ ~I - - ... lj S i It) t.) l!i ~~ i-. .. -" -.. - .~.~ ~ r ~ lIJ lIJ l= VI ~ a:: < a. :>, Q.) > ~ :J en o .+J 0_ Co enL() <( en II ...- .- .s:::- ....JI-"'- W .. u.. Q.) a:::Q.)- .+J 0 <(Oc..> a..ZU1 I I . Parcel IB . Begin at the Southeast corner of Lot 8, Block 2, Magnolia Park as recorded in Plat Book 1, Page 70, of the Public Records of Hills borough County, Florida, of which Pinellas County was once a part, thence N89057' 12"E along the South line of said Lot 9 and Lot 1 0, Block 2, of said Magnolia Park, 101.90 feet, to the Southeast corner of said Lot 10; thence SOooI7'56"E, along the East line of Lot 11, Block 2 of said Magnolia Park, 132.50 feet to the southeast corner of said Lot 11; thence continue SOoo!7'56"E, 8.16 feet; thence S89042'04"W, 21.42 feet; thence SOoo02'48"E, 22.38 feet; thence S89057' 12"W, 46.67 feet; thence SOoo02' 48"E, 29.37 feet to the South right of way line of Park Street; thence S89057' 12"W, along the said South right of way line of Park Street, 63.71 feet; thence N23029'22"W, 34.41 feet; thence S66030'38"W, 14.94 feet; thence N23029'22"W, 11.89 feet; thence N83053'00"W, 188.67 feet, thence N06007'OO"E, 3.23 feet to the North right of way line of said Park Street; thence S89057' 12"W, along said North right of way line of Park Street, 5.08 feet; thence S81018'37"W, 157.33 feet; thence N08041 '23"W, 46.67 feet; thence N81 018'37"E, 8.85 feet to the East right of way line of Prospect Avenue;'thence NOool7'56"W, along the said East right ofline of Prospect Avenue, 20.22 feet; thence S8IoI8'37"W, 1.05 feet; thence N08041 '23"W, 46.67 feet; thence N8I 018'37"E, 7.93 feet to the said East right of way line of Prospect Avenue; thence NOool7'56"W, along said East right of way line of Prospect Avenue, 143.79 feet to a point on the apparent South right of way line of Cleveland Street as described by the survey map, prepared for the City of Clearwater by Florida Design Consultants, job number 212-07, dated 04/03/01; thence N89057' 12"E, 408.00 feet along said apparent South right of way line of Cleveland Street to the West line of said Lot 9; thence SOooI7'56"E, along the West line of said Lot 9,102.50 feet, to the point of beginning. (containing 120739.82 S.F., M.O.L.) . S:\ENGIN\Projects\Downtown Pond - #98-0ll6-EN\legals for plat and lease. doc . PROSPECT AVE I . (/)Z-o (0)> O_""T'1 -Cl)""-J ~..O rrl ~-ir .=r II en' cD 0'> en' C?,::J o - " > ::0 ;II: lIJ ;d ITI ITI -t c en c ., < Cl) ':< . . 1 ... .!q:b ~ U!=> .. Jo~ ~ -!'!il';r- , , e~ ~ f: ~ ClI ;; g VI;$; :u~ .Z 0>0 OVl i1 ITI ITI -t 2 o JJ -I I I I Parcel 2 . . Begin at the Northwest corner of Lot 5, Block 3, Magnolia Park, as recorded in Plat Book 1, Page 70, of the Public Records of Hills borough County, Florida, of which Pinellas County was formerly a part, also being a point on the South right of way line of Park Street; thence N89057' 12"E, along said South right of way line of Park Street, 33.58 feet; thence leaving said South right of way line of Park Street, NOoo02'48"W, 29.37 feet; thence N89057' 12"E, 46.67 feet; thence SOoo02'48"E, 29.37 feet, to a point of intersection of the East right of way line of Ewing Avenue and said South right of way line of Park Street; thence SOool7'56"E, along said East right of way line of Ewing Avenue, 65.30 feet to a point on the centerline of a vacated alley as recorded in O.R. Book 6228, Page 1131, of said Public Records; thence N89057' 12"E, along said centerline, 139.40 feet; thence SOoo16' 17"E, 199.70 feet, to the North right of way line of Pierce Street; thence S89057' 12"W, along the said North right of way line of Pierce Street, 179.76 feet to the intersection of the West right of way line of Ewing Avenue, thence NOoo20'23"W, along the said East right of way line of Ewing Avenue, 36.45 feet; thence S84010'05"W, 57.03 feet, thence N05049'55"W, 126.00 feet; thence N23029'22"W, 8.83 feet, thence S66030'38"W, 4.40 feet; thence N23029'22"W, 126.00 feet; thence N66030'38"E, 46.67 feet; thence S23029'22"E, 34.41 feet to a point on the said South right of way line of Park Street; thence N89057' 12"W along said South right of way line of Park Street, 30.12 feet to the point of beginning. (containing 59327.88 S.F., M.O.L.) . S:\ENGIN\Projects\Downtown Pond - #98-01 l6-EN\legals for plat and lease. doc I I :!! I I ~I I .... 0 ..... .... 9. 05 . I: ~ I 2! 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Begin at the Northwest comer of Lot 9, Tack and Warren Subdivision, as recorded in Plat Book 21, Page 48, of the Public Records of Pine lIas County, Florida, also being a point on the South right of way line of Park Street; thence N89057' 12"E along said South right of way line, 160.00 feet; to the Northeast comer of Lot 11, of said Tack and Warren Subdivision, also being a point on the West right of way line of Prospect Avenue; thence SOool7'56"E, along said West right of way line of Prospect Avenue, 110.00 feet, to the Southeast comer of said Lot 11; thence S89057' 12"W, 110.00 feet to the Southwest corner of Lot 10 of said Tack and Warren Subdivision; thence SOool7'56"E, 10.00 feet; to a point on the centerline ofa vacated alley as recorded in O.R. Book 4616, page 1440, of said Public Records; thence S89057' 12"W, along said centerline, 50.00 feet; thence NOool7'56"W, 10.00 feet, to the Southwest comer of said Lot 9; thence continue NOOo 17' 56"W along the West line of said Lot 9, 110,00 feet to the point of beginning. (containing 18100.18 S.F., M.O.L.) . S:\Projects\Downtown Pond - #98-0116-EN\legals for plat and lease.doc . . . ~ 1 , ) 1 ) oj I I r- I I I L_J I . .._..--1..._ 2 o II -I I I I I ,.. o ~ .jo. 6 ~ ,... o ~ ... ,.. o ~ '" (J)Z-o ()o~ 0......;0 -CD ~..() rrl .....-11 .:r- " 00' <.N (J1en o:J .0 ...... I ,.. o ~ I ~ : -"- ..-i I ,... 0 ~ 6 < 01 I ~ I > ~ f' -. > ,- - ,- I );!~ I ,.., -< ~i;b ,... '" ~ 0 0 S1~ :a ~ I~~ ~ .... ..- ", I po ~ -" -.. ~.:c.. C) "- . I I ~ ,.. 0 ~ 011 .0- en c , < CD ':c: ~ ai . . _ . . _ . . _ M.~.LI.OONI' ,.. . . , ,OO'OL o . l__~_ )~~ Wr -,-, ~ . . ~ " N <D " o -0 > ;:u ^ CI) ~ ,.., ,.., -i ,.. o ~ I I I - '" I I I 6 ~ ,..1 o :1 ... . PROSPECT AVE, . . . 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" > , I "" I ~ t:I::I ;:4 t:I::I - I I EXHIBIT "C" INFRASTRUCTURE IMPROVEMENTS COMPLETION CERTIFICATE [Mediterranean Village in the Park] This Infrastructure Improvements Completion Certificate ("Certificate") is made this day of , _, 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 the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation (the "City"), whose address is 112 S, Osceola Avenue, Clearwater, FL 33756, This Certificate pertains to an Interlocal Agreement (Mediterranean Village in the Park Project), by and between the Agency and the City, dated as of March 7, 2002 (the "Interlocal 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 (the "Site") for the development and construction of the Infrastructure Improvements and the Mediterrean Village in the Park, as same are defined in the Agreement for Development and Disposition of Property ( Project), dated as of March 4,2002, As provided in the Interlocal Agreement, the construction and installation of the Infrastructure Improvements have been completed substantially in accordance with the requirements of the Interlocal Agreement and such improvements are substantially complete, The parties hereto acknowledge and agree that such Infrastructure Improvements have been so completed and have executed this Certificate as conclusive determination of such completion and satisfaction of the City's obligation under the Interlocal Agreement to construct and install the Infrastructure Improvements, A copy of the fully-executed Interlocal 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. A copy of the Infrastructure Improvements Plans and Specifications is on file with the City Engineer, 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 _ day of , _" C-1 nA I (SEAL) ATTEST: BY:1~d, Its: Ex cuti e DIrector , as (SEAL) ATTEST: BY:~[~O City Clerk rJJ I COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA By: Its Chairman , as CITY OF CLEARWATER, FLORIDA By: May r C-2 I I STATE OF FLORIDA COUNTY OF PINELLAS ~ The foregoing instrument was acknowledged before me this ~ day of ~, ~o()l by 'Sf/itA) u. AvAlCrr, Chairman of the Community Redevelopment Agency of the City of Clearwater, a public body corporate and politic of the State of Florida, on behalf of the Agency, He is personally known to me or has produced a valid driver's license as identification, (SEAL) ~~ ;t.~ Printed/Typed Name: Notary Public-State of Florida Commission Number: STATE OF FLORIDA COUNTY OF PINELLAS t90'fNf<f PUBLIC. STATE OF FLORIDA CAROLYN L. BRINK c()MUlS8lON' CC83467B EXPIRES 5/2212003 IONDID THRU A.SA. 1-888-NOTARY1 The foregoing instrument was acknowledged before me by Bill AI\! J'.IhJ,vtisr and~-M.ill G'o&)cle'-~ as Mayor and City Clerk, respectively, of the CITY OF CLEARWATER, FLO DA, on behalf of the City, this 13~ day of ~ , 240,2 (SEAL) ~~~ Printed/Typed Nam : Notary Public-State of Florida Commission Number: NOTA/lV PUILlC ,lTATe OF FLORIDA CAROLYN L BRINK COMMISSION II CC83467B EXPIRES 5/2212003 IONDED THRU ASA 1-888-NOTARYl C-3 J ~ EXHIBIT "D" AGREEMENT TERMINATION CERTIFICATE [Mediterranean Village in the Park] This Agreement Termination Certificate ("Certificate") is made this _ day of , _, by and between the CITY OF CLEARWATER, municipal corporation of the State of Florida (the "City"), whose address is 112 S. Osceola Avenue, Clearwater, FL 33756 and 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, This Certificate pertains to an Interlocal Agreement (Mediterranean Village in the Park Project), by and between the City and the Agency, dated as of March 7, 2002 (the "Interlocal 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 Mediterranean Village in the Park Project, as same is defined in the Development Agreement. The Interloca1 Agreement has terminated in accordance with its own terms as provided in Section 10,5 thereof as of _, , and is no longer of any force or effect except for those provisions which expressly survive termination, This Certificate has been executed by the parties to the Interloca1 Agreement as provided in Section 10,6 thereof and constitutes a conclusive determination that the Interloca1 Agreement has been terminated, the rights, duties and obligations of the parties hereto have been terminated and released (subject to those surviving provisions) and the Mediterranean Village in the Park is no longer subject to any restrictions, limitations or encumbrances imposed by the Interloca1 Agreement. A copy of the fully-executed Interlocal 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 _ day of D-l rfJ I. I Countersigned: CITY OF CLEARWATER, FLORIDA ~/~~~~~ Brian J, Aungst (/" William B, Horne II Mayor-Commissioner Interim City Manager Approved as to form: Vii Attest: Pamela K. Akin City Attorney COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA By: ~ qJL-<: Its Chain6an , as (SEAL) ATTEST: / By: /~~~ ,as Its: Execuf e Director D-2 !/J I. I STATE OF FLORIDA ) COUNTY OF PINELLAS ) The foregoing instrument was acknowledged before me this /3'fL day of ~ ,200.2., by BRIAN J, AUNGST, Mayor-Commissioner of the City of Clearwater, who is personally known to me, ~~.~k Print/Type Name: Notary Public STATE OF FLORIDA ) COUNTY OF PINELLAS ) The foregoing instrument was acknowledged before me this I '3 ~ day of 'Y)\..vv , 20 () z, by WILLIAM B. HORNE II, City Manager of the City of Clearwater, who is personally known to me, ~;t~ Print/Type Name, Notary Public STATE OF FLORIDA COUNTY OF PINELLAS V\. . The foregoing instrument was acknowledged before me this 13 ~day of , I\..MJ , ;tvO.l.. by B.e.IIlAJ .r. 9111t1GJ'r, Chairman of the Community Redevelopment Agency of the City of Clearwater, a public body corporate and politic of the State of Florida, on behalf of the Agency, He is personally known to me or has produced a valid driver's license as identification. ~~.;- ~. ~ Printed/Typed Name: Notary Public-State of Florida Commission Number: (SEAL) D-3 NOTArIY PUBLIC . STATE OF FLORIDA CAROLYN L BRINK COMMIS8ION. CC834678 EXPIRES 5/2212003 .ONDlD THRU ASA 1-888-NOTARY1 I I . EXHIBIT E eRA Schedule of Permit Payments The Community Redevelopment Agency will budget for the anticipated annual permitting and impact fee funding required for the project over three fiscal years. The funding will be reserved in the CRA budget and those funds unexpended in any given year will roll over to the following fiscal year until the requirements are satisfied, The following schedule represents the anticipated levels required by fiscal year. Fiscal Year 2001/02 $116,031 $116,031 $154,709 $386,771 30% 2002/03 30% . 2003/04 40% Total 100% . I I · EXHIBIT F City owned property . . J I Parcel 2 . Begin at the Northwest corner of Lot 5, Block 3, Magnolia Park, as recorded in Plat Book 1, Page 70, of the Public Records of Hills borough County, Florida, of which Pinellas County was formerly a part, also being a point on the South right of way line of Park Street; thence N89057' 12"E, along said South right of way line of Park Street, 33.58 feet; thence leaving said South right of way line of Park Street, NOoo02'48"W, 29.37 feet; thence N89057' 12"E, 46.67 feet; thence SOoo02'48"E, 29.37 feet, to a point of intersection of the East right of way line of Ewing Avenue and said South right of way line of Park Street; thence SOoo17'56"E, along said East right of way line of Ewing Avenue, 65.30 feet to a point on the centerline of a vacated alley as recorded in O.R. Book 6228, Page 1131, of said Public Records; thence N89057' 12"E, along said centerline, 139.40 feet; thence SOoo16' 17"E, 199.70 feet, to the North right of way line of Pierce Street; thence S89057' 12"W, along the said North right of way line of Pierce Street, 179.76 feet to the intersection of the West right of way line of Ewing Avenue, thence NOoo20'23'~W, along the said East right of way line of Ewing Avenue, 36.45 feet; thence S84010'05"W, 57.03 feet, thence N05049'55"W, 126.00 feet; thence N23029'22"W, 8.83 feet, thence S66030'38"W, 4.40 feet; thence N23029'22"W, 126.00 feet; thence N66030'38"E, 46.67 feet; thence S23029'22"E, 34.41 feet to a point on the said South right of way line of Park Street; thence N89057' 12"W along said South right of way line of Park Street, 30.12 feet to the point of beginning. (containing 59327.88 S.F" M.O.L.) . . S:\ENGIN\Projects\Downtown Pond - #98-01 16-EN\legals for plat and lease. doc ) :!! I ~I .... I 0 ..... .... g. I ,g 2! I . III I I ~ .... .... 9 t- ~ !::: 9 . .... N . .. . '" j ~ j 9 .. I a I ... ~ .. . ~. ~ 0 . <. ~ I I I (j I I ~ ..... 2 '" w 5 . ~. 10 w e= f .. -t- (Il . l.:: I a:: < .!"~ I a.. zo'" ~a." :> .g ~~.... 2ajID I ~a: ~ .,; ~I k ;a ..... w w e= (Il w (J a:: w a:: . ~l>> !::: 0'" .... l; I i~ 0 .... .... I 0' In ili...... , 8'" I a~~:.. -"-"-1 8iil~~~ ~~ N I I :!ll!"i1D !ii1ua. I "'j!:a , ....~ '" i ~'" :Sz .... I ~.... 0 a.. .... .. ..0" I .... g lL.U ..:~ '" . ..G! I ;a a. I ..... r" w w ..-..-j I!: (Il . l.:: I a:: < I 0- .. ~ .... 9 ~ .... 9 I I . . . . "1"-"1" >. (I.) > I..... ~ (J] o ....... I O. Co (J] <D I (J] 1/ N,- ..c - I -lr--"- W .. I u.' (I.) ~~ 8 :i CLZ(/) g: I . ... '" ..... co W lL. W po: I!: ~ (Il - w 5 (J~ i3 II: a:: 0 .. g-U!6uaIi:l:l3100dS\\ 'saWOIlOUJ 'Wd LS:~~:€O ~0190190 'llMp'oooo~O~\flMP\ueaUBJJ"I!P8W\(;l:l spafOJd pUB1\:3 I I . Parcel 3 . Begin at the Northwest corner of Lot 9, Tack and Warren Subdivision, as recorded in Plat Book 21, Page 48, of the Public Records of Pine lIas County, Florida, also being a point on the South right of way line of Park Street; thence N89057' 12"E along said South right of way line, 160.00 feet; to the Northeast corner of Lot 11, of said Tack and Warren Subdivision, also being a point on the West right of way line of Prospect Avenue; thence SOool7'56"E, along said West right of way line of Prospect Avenue, 110.00 feet, to the Southeast corner of said Lot 11; thence S89057' 12"W, 110.00 feet to the Southwest corner of Lot 10 of said Tack and Warren Subdivision; thence SOool7'56"E, 10.00 feet; to a point on the centerline of a vacated alley as recorded in O.R. Book 4616, page 1440, of said Public Records; thence S89057' 12"W, along said centerline, 50.00 feet; thence NOool7'56"W, 10.00 feet, to the Southwest corner of said Lot 9; thence continue NOOo 17' 56"W along the West line of said Lot 9, 110.00 feet to the point of beginning. (containing 18100.18 S.F., M.O.L.) . S:\Projects\Downtown Pond - #98-0116-EN\legals for plat and lease.doc . . . 2 1 , ) 1 ) oj I I ~ I 6 . ~: ~ L.. I I -"-"-" L-~_~ I . "-"- I ~"-"-"_..-i I ,.. o ~ I: _.._.._.m_..J r . I 5 I 6 ~ (J)Z-o (0)> 0......;0 -CD ~ ..() rI"J .....-11 . :r- -. <.N II en (J1 00' o:J -0 ...... r- I ,.. o ~ .jo. 2 o II -I I ,.. o ~ ~ I 6 ~ "'~ ~I;b '" ~ !lI I~~ ~;l.o ~ ,.. o ~ .... i .0-..- '.jo. ~ .._.._..~ ~ , n < CD ':c: I -"- ~ I ,.. o ~ 011 6 ~ ai . . _ . . _ . . _ M.~.LI.OONI . . - . . , ,OO'Ot ,.. . o ~ ~ " N CD " o ~ ,.. o ~ . ;0 ~r"-"~"-"~" ~ . . I I I -0 > ;:u ^ CI) ;a ,.., ,.., -i ,.. o ~ I I I ,..1 o :, ... i:: PROSPECT AVE. I Exhibit J I Reports 1. Geotecnical Data Sheet for Town Lake Project by P.S,I. dated October 1995; 2, Phase I Environmental Site Assessment (Property A) by IT Corporation dated March 1999; 3, Phase I Environmental Site assessment (Property B) by IT Corporation dated March 1999; 4, Phase I Environmental Site assessment (Property C) by IT Corporation dated March 1999; 5. Phase I Environmental Site assessment (Property D/901-909 Park Street) by IT Corporation dated March 1999; 6, Phase I Environmental Site assessment (Property E) by IT Corporation dated March 1999; 7, Phase I Environmental Site assessment (Property F/900 Pierce Street) by IT Corporation dated March 1999; 8, Phase I Environmental Site assessment (Property G) by IT Corporation dated March 1999; 9, Phase I Environmental Site assessment (Property H) by IT Corporation dated March 1999; 10. Phase II Environmental Site Assessment (ESA) - Property A and Property B by Dames & Moore dated June 2, 1999; 11. Supplemental Phase II Environmental Assessment - (Property D&E) by ECT dated June 4, 1999; 12, Supplemental Phase II ESA - Property B by Dames & Moore dated September 13, 1999; 13, Report - Supplemental Groundwater Assessment - Property B by Dames & Moore dated February 8, 2000; 14. Report - Semiannual Groundwater Monitoring - Property B by Dames & Moore dated May 17, 2000; 15. Report - Semiannual Groundwater Monitoring - Property B by Dames & Moore dated October 18, 2000; 16. Hydraulic Lift Removal Report - Property B by Dames & Moore dated October 2000; 17. Tank Closure Assessment Report - Property B by Dames & Moore dated October 2000; 18, Supplemental Groundwater Monitoring - Tank Closure Assessment - Property B by Dames & Moore dated October 27,2000; 19, Report of Geotecnical Investigations for the Town Pond Rehabilitation Project by Parsons Engineering dated November 6, 2000; 20. Monitor Only Plan - Property B by URS/Dames & Moore dated December 2000; Site Assessment and Remedial Action Plan - Property B by URS/Dames & Moore dated April 2001; 21. Summary of Environmental Activities by URS/Dames & Moore dated February 20 2001; - Exhibit J I 22, Summary Document: Site Assessment and Remedial Action Plan - Property B by URS/Dames & Moore dated April 2001; 23, Summary Report of Supplemental Soil Delineation Activities - Property B by URS dated August 2001; 24, Site Assessment Summary Letter Report - Property B by URS dated November 16, 2001; 25, Focused Risk Assessment - Property B by Hazardous Substance & Waste Management Research, Inc., dated November 2001; 26. Interim Source Removal Plan - Property B by URS dated November 2001; 27, Report of Hydraulic Equipment Disposal and Assessment Report for Property D by URS dated November 2001. Correspondence 1, Response to FDEP Review Comments - Property B by URS dated May 15, 2001; 2, Response to FDEP Review Comments - Property B by URS dated May 25, 2001; 3, Response to FDEP Review Comments - Property B by URS dated September 4,2001; 4. Response to FDEP Review Comments (DRAFT) - Property B by URS dated November 19, 2001 (Note: This document has not yet been sent to the FDEP); 5, Subsurface Peat Layer - Property B by URS dated October 12, 2001; 6, Preliminary Opinion of Estimated Cost for the Removal of Organic Materials - Property B by URS dated October 22,2001; 7, Project Status Report Number 1 for September 2001; 8, Project Status Report Number 2 for October 2001; and 9, Project Status Report Number 3 for November 2001, ..'''''.- -, .'. .... \ ) DEVELOPMENT AGREEMENT J THIS AGREEMENT made th is 611 Q.)'-day ~f &u L., t~ , 1984, by and between the CITY OF CLEARWATER, FLORIDA, a Florida municipal corpolation, hereinafter called "the City", the CLEARWATER REDEVELOPMENT AGENCY, a body politic and corporate under the laws of the State of Florida hereinafter called "the Agency" and COACHMAN DOWNTOWN CENTER ASSOCIATES, a Florida general partnership, hereinafter called "CDC." WIT N E SSE T H: ---------- WHEREAS, CDC has the option to purchase two parcels of real property, more particularly described on Exhibit "A" attached hereto and made a part hereof, hereinafter referred to as .parcel A" and on Exhibit UB" attached hereto and made a part _ hereof, hereinafter referred to as .Parcel B", such real property being located in the City of Clearwater, pinellas County, Florida: and " WHEREAS, Parcels A and B are located within the Downtown Development District of the City aod are under the development jurisdiction of the Agency: and WHEREAS, CDC is. desirous of renovating, rehabili- tating and constructing an office and retail building, including limited on-site parking, located on Parcels "A" and Na" together with securing rights to parking in facilities to be constructed by the City or the Agency on a parcel described on Exhibit "CO attached hereto. WHEREAS, the City and the Agency consider that develop- ment of the real property described as Parcels A and B as con- templated by CDC is in the public interest: and WHEREAS,: the City, the Agency and CDC, subject to all applicable provisions of Part III of Chapter 163, Florida Statutes, desire to enter into an Agreement establishing the duties and obligations of the parties hereto for the acquisition and development of the real property described as Parcels A, Band the parking facility (Exhibit "CN) in the manner contemplated by CDC on the terms and conditions set forth herein. NOW THEREFORE, in consideration of the foregoingreci- tals, the mutual covenants and conditions contained herein and other good and valuable considerations, the receipt of which is hereby acknowledged, the City, the Agency and CDC hereby agree as follows: CAK:thm '4440. 12/04/84 DKMA21.l f 1. Recltals. The above recitals ~ce true and correct and are incorporattd herein by reference. I 2. Defihitions. As used in this Agreement the following terms shall have the following meanings: 2.01 Agency. "Agency" means the Clearwater Redevelopment Agency with their principal location at 112 s. Osceola Avenue, Clearwater, Florida. 2.02 Agreement. "Agreement" means this Agreement as it may be amended from time to time as provided for herein. 2.03 City. "City" means the City of Clearwater, pinellas County, Florida, with their principal location at 112 S. Osceola Avenue, Clearwater, Florida, acting through its governing body, the City Commission of the City of Clearwater. 2.04 Closing. "Closing" means the execution and deli- very of those documents and funds necessary to perfect the closing of this transaction and the transfer of title to the real property as contemplated hereby. 2.05 Conditions Precedent. "Conditions Precedent" means those items which must be satisfied prior to closing and prior to development in order to opligate CDC to purchase the real pro- perty as described herein and to proceed with development. 2.06 Coachman Downtown Center Associates. "CDe" means a Florida general partnership with its principal place of business at 15 South Lincoln, Clearwater, Florida. 2.07 Office Building. "Office Building" means a five story multi-tenant commercial office building which shall contain approximately 14,383 square feet of commercial retail space on the first level thereof, 33,000 square ,feet of commercial office and/or limited retail space. 2.08 Parcel A. "parcel A" means that certain parcel of real property more particularly described on Exhibit "An attached hereto and made a part hereof (The Coachman Parcel). 2.09 Parcel B. "Parcel B" means that certain parcel of real property more particularly described on Exhibit liB" attached hereto and made a part hereof (The Boyd Parcel). 2.10 Parking Facility. "Parking Facility. means a p-at:k..iJ.I9-.9~~ge, said p~:r;k in,g-!acili t"yj_o-C..Qn~~~Jl_q. mj.~um of 200 pa.rkiJ)g_~J2ac_~.!-~e_9~.ned.J!Y--th~.~--=ncl_.9E Cll}' \tiith 100 . -2- , ~. dedicated to use b~office building tenants p'IJrsuant to later defined and qp be located as described n Exhibit . - terms "C". 2.11 Real Property. "Real property" means the real property described on Exhibits "A", "a" and "C" attached hereto, all of which are the subject of this Agreement together with any permanent improvements that may be located thereon together with all rights and the pertinences thereto. 3. All executory provisions of this Agreement are expressly made subject as a condition to prior satisfaction of and compliance with the provisions of all applicable state and federal laws, local ordinances and other rules and regulations. Included in such statutes are all applicable provisions of Part III of Chapter 163, Florida statutes. The parties hereto agree to exert their best efforts to secure the satisfaction thereof and compliance therewith. 4. Conditions Precedent. In addition to any other con- ditions precedent contained in this Agreement, CDC shall not be required to proceed under this Agreement unless the following conditions precedent have been satisfied as of the closing: (a) That the real property described as Parcels A and B and the parking facility is zoned to permit construction, renovation and rehabilitation of the office building and parking facility as contemplated by CDC. The City shall furnish to ,CDC a certified copy of the zoning ordinance and any resolu- tion applicable to the real property evidencing such zoning. (b) That CDC shall be in receipt of an opinion letter from the City Attorney, City of Clearwater, Florida, opining the following as of the closing: (i) The zoning classification of the real property described as Parcels A and B and the parking faci- lity:is suitable for the intended use by CDC of such real property and that such use is permitted under the applicable zoning ordinances and regula- tions of the City, the pinellas County land use plan and any applicable regulation, resolution, plan or . other promulgations made, passed or adopted by the Agency. (ii) That the City and the Agency have the right and power of authority to enter into this Agreement concerning the real property described as Parcels A, Band C. (There shall be attached to the opinion letter true and correct copies of the resoution of the City of Clearwater and the Agency authorizing -3- . the execution of this , Agreemen~ I I (e) That CDC has received satisfactory written evidence that all necessary sewer, water, drainage and other uti- lities and streets and roads are available to the project and have been or will be upgraded or constructed, at City's expense, and brought to the real property described as Parcels A, Band C, prior to or simultaneously with the construction of the office building and parking facility. Such facilities, including all utilities and street widenings or other improvements, shall be upgraded or constructed in full compliance with all rules, regula- tion standards or specifications of the governmental authority having jurisdictions thereof. (d) COC has received a certified copy of the inducement resolution of the City authorizing the issuance of Industrial Revenue Bonds for the acquisition and development of the real property as contemplated by this Agreement and funds from sale of bonds are available for development. (e) That CDC has received satisfactory written evidence that the City has sufficient right and title in and to a certain public alleyway located adjacent to the east side of Parcel "A", more specifically described on Exhibit "0" to grant to CDC a non-exclusive right (license) to use said alley pro- vided that pedestrian traffic is not prohibited. Said use shall (1) permit the placement of furniture and material in the area consistent with continued public use allowing open pedestrian ingress and egress; (2) allow mutually acceptable resurfacing (except for the Florida Power vault near the south end of the open space) and; (3) provide that. CDC is to keep the alley free of trash and debris. (f) That, subject to submitting site and building plans and specifications a~d a community impact state- ment, all of which: conform with applicable codes, CDC has received satisfactory written evidence of the availability and subsequent issuance of a building permit for the . construction of the office building and parking facilities as contemplated by this Agreement. 5. Further Obligations of COC. Ca) COC agrees to submit plans, specifications, including a site plan, for review and approval. Such submittal shall allow at least forty-five (45) days for the review process. Cb) CDC agrees that it will pay the required fees for the issuance of a building permit for the construction, renovation and rehabilitation of the office building as con- templated by this Agreement and will commence construction of the -4- ~ ~'- project within ninety (90) days thereafter, e~cept for delays beyond the controllof CDC . Construction ~ill be continued with due diligence thereafter except for causes beyond the control of CDC . I It is intended that the property described as Parcel A, and Parcel a, and all improvements thereon, shall not be exempt from ad valorem taxes, but shall be subject to ad valorem taxes as provided for by law. Accordingly, CDC and its successors and assigns agree that it will not sell or transfer title to any orga- nization which is at the time of the conveyance exempt from the payment of ad valorem taxes except for sales or transfers to the City or the Agency. 6. Warranties and Representations of the City and Agency. --_~~he City and the Agency represent, warrant and covenant (and which wa'rranties, representations and covenants shall be effective as of the date of and which shall survive the closing) the following: . (a) That the City and.the Agency have the right, power and authority to ente~ into this Agreement. (b) That all utilities, streets and roads necessary for development and operation of t~e office building and parking facility are available to the real property described as Parcels A, a and the parking facility. (c) That there are no special assessments against or relating to the real property and that the City, at the present time, was not contemplating any assessments thereon. (d) That the real property has a zoning and land use classification for a multi-tenant commercial and retail office building and parking facility. /7. Parking Facility. 7.01 Lease of Spaces. The Agency and/or City agrees to lease to CDC and CDC agrees to lease 50 full size parking spaces in the parking facility at a rate of Twenty Six and 25/100ths Dollars ($26.25) per month per space. For a period of twenty four months from completion of the parking facility, CDC shall have the option to Jease up to 50 additional spaces for a term and at a rate specified below. All of said spaces shall be available December 31, 1985. 7.02 Term. The lease term for the first fifty (50) spaces shall begin upon issuance of a certificate of occu- pancy for the parking facility or December 31, 1985, whichever last occurs, and shall continue for a period of 15 -5- ~ \ years. The te~m may be increased to 20 years if the law sub- sequently allows. I , 7.03 Design and Construction of Parking Facility. The City shall design and construct the parking facility. Construction shall be in accordance with the plans and specific~- tions approved by the City and the Agency. 7.04 Option to Lease a Portion of the Parking Facility. For a period of 24 months from completion of the parking facility, the Agency grants to CDC an option to lease up to 50 additional parking spaces located on the remaining portion of the parking facility for a term equal to that spe- cified in 7.02 at antannuaJ..~ent.al of $420.0.cL_8~ spac~1 The annual rate shall be adjusted December 31, 199 to equa the then market rate for long term parking in the facility and readjusted a9cording1y each 5 years thereafter during the lease term. ~The option must be exercised in increments of 10 spaces and fees shall be pai rl m9nt-t11y in-.adva.nc~ The Ci ty . or Agency agrees to use its best efforts to-make an addi- tional 25 spaces available to CDC as additional option spaces during the option period, on the same terms as specified above except rental shall be at the same rate currently available to general monthly users. 8. Governmental Cooperation. The City and the Agency agree that its authorized agents, administrators or attorneys will execute or cause to be executed such applications, petitions, agreements, easements, dedications, plats or other instructions as CDC may require to cause any applicable government authority to adopt any resolution, pass any ordinance or issue any order, license or permit that may be required by CDC for acquisition of the development and operation of the real property as con- templated under the terms and conditions of this Agreement. 9. Development Action Grants. It is understood that the City does not presently qualify for Development Action Grants, however, if such grants are available prior to the time of commen- cement of construction, the City agrees to use its best efforts to make available to CDC up to 5.5 Million Dollars ($5,500,000.00) in Development Action Grants for the construction of the office building contemplated by the terms of this Agreement. The parties hereto agree to cooperate with each other and to execute any application which may be required to obtain such financing. 10. Remedies. 10.01 Default. In the event of a default in compliance with the terms and conditions of this Agreement by any party, the aggrieved party or parties may, in addition to any other remedies, sue for specific performance. If any title defect has been created by an act of the City or the Agency and the City -6- , .. or the Agency cet_....es to cuce same, CDC may 1.._ its option determine to pcocefd with the development, n~~withstanding defect in which ev,nt CDC shall have the rig~ to sue for damages or pursue any other remedy provided by law. 10.02 Indemnification. Each party shall indemnify and hold the others harmless from any claim, damage, cost, loss or expense, including attorney's fees or other expenditures which arise out of, or relates to any default hereunder by such party as to the representations, warranties or covenants made herein. such 11. Miscellaneous. 11.01 Notices. Any notice required or permitted to be given hereunder shall be sufficient if in writing and sent by registered or certified mail, postage prepaid, to the party given such notice at the address set forth below: To City: City of Clearwater 112 S. Osceola Avenue Clearwater, FL 33516 To Agency: Clearwater Redevelopment Agency 112 ~. Osceola Avenue Clearwater, FL 33516 To: Coachman Downtown Center Associates 15 Lincoln Avenue South Clearwater, FL C. Allen Kynes, Esquire Robinson, Macpherson, Harper, Kynes, Geller & Watson, P.A. 600 Bypass Drive, suite 200 Clearwater, FL 33546 11.02 Entire Agreement. This Agreement is the entire Agreement of the parties with regard to the transaction dealt with herein. Copy to: 11.03 Assignment. CDC shall not assign this Agreement nor any of its rights or obligations hereunder without. the express written consent of the other two parties, which con- sent shall not be unreasonably withheld. 11.04 Survival of Agreement. The terms and con- ditions of this Agreement under covenants, warranties and repre- sentations made herein shall survive the closing hereof and the delivery of all related documents. -7- , ( II.US Modifications. Parties Acknowledge that this Agreement may be mtdified only by written in~ruments signed by all parties hereto. 11.06 Attorneys' Fees. In the event of any litiga- tion between the parties arising out of this Agreement or the collection of any funds due the Buyer or the Seller pursuant to this Agreement, the prevailing party shall be entitled to recover all costs incurred, such costs include without limitation reaso- nable attorneys' fees, also including attorneys' fees on appeal. 11.07 Waiver. No waiver hereunder of any condition or breach shall be deemed to be a continuing waiver or a waiver of any subsequent breach. 11.08 Headings. Headings used herein are for con- venience only and do not constitute a substitute of part of this Agreement. 11.09 This Agreement shall be governed by Florida law. 12. Special Provisions. -8- , \... IN WITNESS h~EREOF, the parties herfto have set their hands and seal on the day and year first writt-en above. countersigned by: AS TO FORM AND WITNESSES municipal ATTEST ~ L. . - . t....b ~ _ ~(., __~ Ci ty Clerk .--- CLEARWATER REDEVELOPMENT AGENCY A Body Politic and Corporate under ::~ la~ Sle ~:da rh~' '/ COACHMAN DOWNTOWN CENTER ASSOCIATES A Florida General partnership By: Oca~ J;!~. wner -9- , ~ EXHIBIT "A" TO DEVELOPMENT AGREEMfNT DATED I . All of Lots 1 and 2, less any part lying within the Cleveland street right-of-way and the North 26.17 feet of Lot 3, of Block 4, GOULD AND EWING SECOND ADDITION TO CLEARWATER HARBOR, as recorded in plat Book H-l, page 52, Public Records of Hillsborough County, Florida, of which pinellas County was formerly a part. ; ~ \ EXHIBIT B TO DEVELOPMENT I AGREEMENT ~TED , LEGAL DESCRIPTION Lots 4 and 5 and the East 26 feet, 10 inches of Lot 3, Block 4, GOULD AND EWING'S ADDITION TO CLEARWATER, FLORIDA, according to the plat thereof as recorded in Plat Book 1, Page 52, Public Records of Hillsborough County, Florida, of which pinellas County was formerly a part. t . I I EXHIBIT C TO DEVELOPMENT AGREEMENT DATED LEGAL DESCRIPTION Lots 2 and 7, and part of Lots I and 8, Block 5, GOULD' EWING'S FIRST AND SECOND ADDITION TO CLEARWATER HARBOR, FLORIDA, as recorded in plat Book 1, Page 52, Public Records of Hillsborough County, Florida, of which pinellas County was formerly a part. ~ '" ("') lI- 0 0 0 0 0 0 0 0 ("') t:l 'tl I 0 0 0 0 0 0 0 0 0 ~ e I~I 0 0 0 0 0 I 0 0 Cl. 0 0 0 0 0 0 0 ~ ..... 0 0 0 0 0 0 0 .t:- I I I I I I I I i w ~ \"t.I \"t.I \"t.I \"t.I \"t.I \"t.I \"t.I W I.JI en (Xl 0\ 0\ 0\ 0\ 0\ .t:- .t:- ...., ...... \0 \0 \0 \0 0\ ~ .t:- ~ ~ l/I ~ .t:- ~ W \0 l/I l/I ~ (Xl (Xl 0\ ...... 0 0 ~ ~ 0 (Xl (Xl 0 0 \0 -..J 0\ ~ , 0 ~ t1 ~ ~ ~ 0 'tl 'tl 'tl lid f;' 0 0 ~ III III III rt 'tlt1 > III III ~ 0' ~' ~. ~' :;J' III 0 ("') t1 <l OQ 'tl rt III t1'tl t-3 l'i' III ~. III c' 0' c' t1 l'i'1ll ...' ~ I t1 CI) s:: - ...' t1 'tl ~ III <I t1 > H> ~ ~ rt III OQ III III Z a n en rt t1 OQ"4 t1 t1 0 0 III t1 0 en l'i' ~ en ~' rt t-3 a ...' S n (") ~ ...' 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III rt 0'1 en 1I1 \0 0'\ 0 0 0 N ~ 0 11' III I 0 00 0 0 0 0 0 0 Cl. -..J 0 00 0 0 0 0 0 0 0 0 I lI- > l I , \ \ \ ~UNITY REDEVELOPMENT AGENCY Minutes I February 13, 1995 The city commission, meeting as the community Redevelopment Agency, met in regular session at city Hall, Monday, February 13, 1995 at 1:15 pm, with the following members present: Arthur X, Deegan, II sue Berfield Richard Fitzgerald Rita Garvey Chairperson Vice-Chairperson Trustee Trustee Also present: Betty Deptula Peter Gozza Dan Leiter pamela Akin Jacquie DeGroy city Manager Executive Director EX-officio Trustee city Attorney Recording Secretary Absent: Fred Thomas David stone Bill schulte Trustee EX-officio Trustee Chamber of commerce A motion waS made, seco~ed and unanimouslY carried to approve the minutes of January 30, 1995. 2. Approval of Minutes -3. Unfinished Business CRA Lease for 423 Cleveland street - To alloW the city Attorney additional time to review the lease, a motion was made, seconded and unanimously approved to continue this item until the February 27, 1995 CRA meeting, Trustee Garvey requested that. a compilation of the total costs of the move be submitted, I 1 I \ \ Brasfield Letter The letter written by Mr. · Mrs. Brasfield, owners of the old Morrison restaurant, requested that the boundaries of the community Redevelopment Agency be expanded to include their property so they could take advantage of the CRA's programs. Mr. Gozza will respond to the Brasfield's informing them that district expansion is an item that will be addressed in the planning of the neW redevelopment plan and he will be able to respond to their request in a more factual manner after the plan has been presented. Any property that would be added to the CRA distri~t must be contiguous. Trustee Garvey requested that a list of the pros and cons in expanding the CRA district be submitted by Mr. Gozza, 4. New Business parkin AssistanCe Checker'S cor oration - Mr. Gozza presented thE history on this item. The Checker'S corporation was looking tc ~ CRA February 13, 199 . .; " . , I . i \ \ , . , \ i , I , \ I 1 , possiblY relocatl out of downtown Clearwater - in countryside or st. petersburg, After a meeting with Chectr's officials, Mayor Garvey, Peter GoZZa, and a representati ve from the Chamber of commerce, it was agreed that Checker'S would stay dowrtown if they could negotiate a favorable lease with Ml\S ONE for their office space and if they were able to reduce their parking costs. working with the city Manager, and traffic engineering - 40 parking spaces @ $15.00/space could be obtained in the Kravas parking lot and 18 spaces @ $37. 50/space in the Garden Avenue Garag... The CRA proposal is to subsidize the parking by paying the difference ($22.50) between the Garden Avenue rate and the Kravas rate which amounts to $5,000.00 on an annual basis, $405.00 monthlY, The $5,000.00 would come from the Redevelopment projects Account and would be for a three (3) year period. Mr. Gozza spoke with Checker'S this morning and was informed that they have reached a favorable lease with MAS ONE and if the parking subsidy is approved they will re.main in downtown Clearwater. A motion waS made, seconded and unanimouslY carried to approve the annual expenditure of $5,000 to be paid in monthly installments to the city Parking Fund, This will commence in May 1995, 5. Executive Director Verbal Reports None 6. other Trustee Business Chairperson Deegan welcomed the newly-elected Downtown Development Board Chairperson, Dan Leiter. . -, Dan Leiter commented on the proposed leasing of the CRA office space and indicated his opposition to the CRA using a "storefront" for office space. since Calvary Baptist Church is not renewing the leases of the retail merchants in the 400 block, storefronts on Cleveland street are dwindling. Mr. Leiter suggested that .the DDB & CRA work together on redirecting the DDB's efforts. A meeting between Mr. Leiter, Ms. Judi Hackett and Mr. Gozza has been initiated to address these efforts. Mr. Leiter will investigate the possibility of renting office space adjacent to the proposed CRA office space by contacting the property owner, Mr. Terry Tsafatinos. 7. Adjournment Meeting was adjourned at 1:31 pma1J~'~ Chairperson --- ~ttest: retary cRA February 13, 1995