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ANNEXATION AND PARKLAND DEDICATION (09) ~ ~ - J "'" -I I ANNEXATION AGREEMENT "J S .u-.. THIS AGREEMENT entered into this ~__ day of September, 1986, by and between ROLAND LARSON and ARLEEN LARSON, his wife, and DENNIS C. LARSON and DIANA LARSON, his wife, the owners of BOULEVARD MOBILE PARK, hereinafter referred to Individually and Collectively, unless otherwise identified, as "BOULEVARD", and CITY OF CLEARt'l7ATER, herein- after referred to as "CITY". WIT NE SSE T H: WHEREAS, BOULEVARD is desirous of having its real property annexed into and made a part of CITY; WHEREAS, CITY is desirous of annexing said real property; WHEREAS, the parties are ln agreement as to the terms and conditions to be assumed by BOULEVARD, NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and other good and valuable consideration which is sufficient to the parties, it is agreed as follows: 1. BOULEVARD accepts and approves the computation of the impact fee calculation as arrived at on the CITY's Memo- randum dated May 16, 1986, by its Director of Parks and Recreation, and totaling $129,583.36. 2. The payment by BOULEVARD of the impact fee assess- ments shall be as set forth herein: a. BOULEVARD will advise its tenants of the Annexation Agreement and offer to said tenants the opportunity to pay their pro rata share without interest being charged thereon. This offer will be circulated as soon as practical after the execution hereof and will provide for those tenants desiring to pay to do so no later than January 5, 1987. Such amounts as are collected from this source will be delivered to the CITY on January 6, 1987. b. The balance remaining unpaid after deducting the sums obtained in subparagraph a. above, will thereafter be ~e, F(A,ct~:H_e.fL< 6 p~,,<;_, 1()llcI~to L. ~, ~~- 9C1f -t!?( f:j) ". ' !:~ .. Yt I I amortized over sixty (60) monthly payments, including interest on the unpaid balance thereof at eight percent (8%) per annum, commencing on the 6th day of January 1987, and on the 6th day of each month thereafter until paid. c. BOULEVARD's continuing obligation to cause the collection of said funds and the payment thereof to CITY will be represented by a separately executed note and mortgage to secure said note, in a form acceptable to the CITY. 3. The first $33,000.00 paid to the CITY, exclusive of interest, shall be credited by the CITY as payment of the recreation facility fee. Thereafter, the balance shall be credited by the CITY as payment of the open space fee and the recreation facility land fee on a pro rata basis as determined by the Finance Director of the CITY. Such funds may be used by the CITY for such purposes and subject to the limitations as are set forth in Article IV of Chapter 116 of the Clearwater Code of Ordinances, as the same may be awarded from time to time. 4. BOULEVARD will, upon the execution hereof by all parties or as soon thereafter as requested by CITY, pay to CITY the amount required for republication of the annexation ordinance. 5. The CITY will proceed with the necessary steps re- quired to complete the annexation of BOULEVARD MOBILE HOME PARK so that said annexation shall occur and be completed at the first meeting of the City Commission of CITY in January 1987. 6. Pending the completion of the annexation, CITY will authorize the completion by BOULEVARD of such physical acts as are necessary to accomplish the connection of BOULEVARD's sewer collection system to the City of Clearwater's sewer system. Upon completion of such connection BOULEVARD will be charged and will pay routine monthly sewer charges as are appropriate and as are charged to residents of CITY. CITY will cooperate in obtaining such permits as may be necessary from other agencies so as to accomplish the completion of the sewer connection. - 2 - . ," ~... . " ... " I I 7. BOULEVARD agrees that it shall, as a condition of annexation, improve the fire hydrant systems serving BOULEVARD MOBILE HOME PARK to the extent necessary to comply with CITY standards for fire hydrant spacing. 8. To induce the CITY to enter into this agreement BOULEVARD does by its execution hereof affirmatively guarantee to CITY that it will cooperate in and not oppose the completion of the annexation procedures as spelled out hereinabove. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. ~'HTNESSES : ~~ (;.) ~~ ~{~ ~~)~---d ARLEEN LARSON ' Dia- C.~R~ (SEAL) V~clt!~ (SEAL) (SEAL) [) ~Vrl tv ~tUd-f7X-, DIANA LARSON ( SEAL) CITY OF CLEARWATER By Approved as to form and correctne s: Attest: -- City Atto 01~":':~:':~--A 1 ~~ ~ .?91 tY. ~l_erk ' . ' -- :.,-.;,: _.~'~~--''''''''' ,~- ' . ~ " -- -- "'- . - . ~;... - ..; - ... - - ... - ~ ... ... - , ---- ~........... ..."'~- - 3 -