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DEVELOPMENT AGREEMENT - 2495 GULF TO BAY fo INST,. 93-132232 MAY 7, 1993 5:37PM ~iNELLAS COUNTY FLA. OFF.REC.BK 8266 PG 436 DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into this 30 day of A:pf:, t.., 1993, between the CITY OF CLEARWATER, FLORIDA, a municipal corporation ("City"), P.O. Box 4748, Clearwater, Florida 34618- 4748, and MURRAY SORIN ("Sorin"), 465 Park Avenue, New York, New York 10022. ~ RECITALS: A. Sorin is the fee simple owner of 14.2 acres of land i" !">.,'C.:if):Nclocated at 2495 GUlf-to-Bay Blvd., Clearwater, Florida, legally '\': '-'lQQO.JQ descr ibed on Exhibi t "A" at tached hereto and incorporated herein '( 'coCLJ the "Property"). . ~:::z .s.iL ".' ...,....,-. B. The northern 800 feet of the Property is zoned "CG" (General Commercial) with a land use designation of ='~:~~~:~~:'Commercial/Tour ist Faci 1 i ties. The remainder of the Property is ._.,...__zoned "RM-8" (Multi-family Residential) with a land use ..,.,.....designation of Low Density Residential. ------ C. Sorin desires to develop the Property generally as shown 'i' ......,.......,on the si te plan attached hereto as Exhibi t "B" and incorporated '., . ... '" herein ("Conceptual Plan") and Ci ty and Sor i n desi re to enter "'5J~.into an agreement concerning such development. D",' D. Ordinance No. 4981-90 establishing Sections 137.040 II through 137.054, subsequently renumbered as Sections 36.111 through 36.126, Code of Ordinances of the City of Clearwater, enables the City Commission to enter into development agreements with the owners of real property. NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereto agree as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by reference. 2. Development. Development of the Property shall be generally consistent with the Conceptual Plan or a revised Conceptual Plan for which the transportation impacts will be equal to or less than the original Conceptual Plan. Except as may otherwise be provided herein as to concurrency requirements, all development pursuant to this Agreement shall be consistent with applicable land development and building regulations, codes, ordinances and policies in effect at the time of application for final site plan approval. Development parameters, including, without limitation, building heights, setback requirements, access, open space and on-site parking will be governed by the City Land Development Code. Ordinances and policies of general application in the City, including but not limited to impact fees / (other than transportation impact fees), which are adopted z(~ubsequent to this Agreement, shall be applicable to the RETURN TO:: CITY CLERK POST OFFICE BOX 4748 ~EARWATER, FL 34618-4748 KARLEEN F. DEBLAKER C~EERK RECORD VERIFIED BY:' ~ O /'." /'\.. " (i l><" . i ) t PINELLAS COUNTY FLA. OFF.REC.BK 8266 PG 437 ~ Property. Such subsequently adopted ordinances and policies are specifically anticipated in this Agreement. No amendment of any such regulation, code, ordinance or policy adopted subsequent to the effective date of this Agreement, however, shall preclude the type of use or amount of floor area set forth in the Conceptual Plan. 3. Certificate of Capacity. Concurrently with the execution of this Agreement, pursuant to ~137.66 of the City Land Development Code, subsequently renumbered as Section 36.143, City is issuing a Certificate of Capacity for the property reserving 656 average weekday peak hour trip ends on any adjacent link of GUlf-to-Bay Boulevard, the amount of capacity required for development pursuant to the Conceptual Plan. 4. Payment of Capacity Fee and Transportation Impact Fees. In payment of the Certificate of Capacity fee required by ~137.06, of the City Land Development Code, subsequently renumbered as Section 36.148, Sorin shall pre-pay concurrent with delivery of the Certificate of Capacity the transportation impact fees owed in accordance with Pinellas County's Transportation Impact Fee Ordinance No. 86-43, amended by Ordinance Nos. 88-50 and 90~88, computed as follows ("Transportation Impact Fees"): 120,000 sq. ft. General Commercial $326,760.00 20,000 sq. ft. Outparcels (@ $5,000/1,000 sq. ft.)(Est.) 100,000.00 Credit for 80 parking spaces which currently exist on the Property @ $1,363/space ("Transportation Impact Fee Credit") (109,040.00) $317,720.00 The payment of any Transportation Impact Fee required as a result of issuance of a certificate of occupancy shall first be satisfied by reducing the Transportation Impact Fee Credit, until that credit is exhausted. Thereafter Transportation Impact Fees shall be required to be paid and shall be satisfied from the $317,720.00 cash paid pursuant to this Agreement, until exhausted. No portion of the Transportation Impact Fee paid in cash shall be transferred to Pinellas County, Florida, unless or until a certificate of occupancy is issued for new construction that would require payment of total Transportation Impact Fees in excess of $109,040.00, in which event the appropriate portion of these prepaid fees may be paid to Pinellas County, Florida. For example, if certificates of occupancy are issued requiring the payment of $150,000.00 in Transportation Impact Fees, then the Transportation Impact Fee Credit of $109,040.00 shall first be exhausted and the County's portion of the balance of $40,960.00 shall be transferred to the County. -2- I PINELLAS COUNTY FLA. OF~i~EC.BK 8266 PG 438 No portion of the prepaid impact fees shall be refunded to Sorin or his successors in title for development of the Property which is the subject of this Agreement. 5. Duration of Agreement. The duration of this Agreement shall be five (5) years from the date hereof. 6. Comprehensive Plan, Etc. The development contemplated by this Agreement is consistent with the City's comprehensive plan and land development regulations. 7. Local Development Permits. Preliminary and final site plan approvals, Southwest Florida Water Management District permits, Department of Transportation permits, building permits, and certificates of occupancy will be needed for development of the Property. These permits and approvals will be obtained at the sole cost of Sorin. In the event that any of these permits or approvals are not received, no further development of the Property shall be allowed until such time as the City Commission has reviewed the matter and determined whether to terminate this Agreement or to modify it in a manner consistent with the public interest. 8. Non-Waiver of Requirements. Failure of this Agreement to address a particular permit, condition, term or restriction shall not relieve Sorin of the necessity of complying with the law governing such permitting requirements, conditions, terms or restrictions. Any matter or thing required to be done under existing ordinances of the City shall not be otherwise amended, modified or waived unless such mOdification, amendment or waiver is expressly provided herein. 9. Termination. Upon the termination of this Agreement, all then-existing codes shall be applicable to the Property regardless of the terms of this Agreement and all parties shall be placed in the same position as if this Agreement was never executed. 10. Authority. This Agreement is entered into by the City in accordance with Sections 163.3220 through 163.3243, Florida Statutes, and Article VII, Chapter 137, Clearwater Code of Ordinances, subsequently renumbered as Article V of Chapter 36, relating to development agreements, and the terms thereof are hereby incorporated into this Agreement by reference. 11. Notices. Any notice to be given or to be served upon any party hereto in connection with this Agreement must be in writing, shall be given by certified mail, return receipt requested, and shall be deemed to have been given and received when a letter containing such notice, properly addressed, with postage prepaid, is deposited in the United States mail; and, if given otherwise than by certified mail, it shall be deemed to have been given when delivered to and received by the party to whom it is addressed. Such notices shall be given to the parties as set forth below: -3- J )PINELLAS COUNTY FLA OF '.REC.BK 8266 PG 4~9 FOR CITY: WITH A COpy TO: Michael Wright City Manager City of Clearwater P.O. Box 4748 Clearwater, FL 34618 James Polatty Planning and Development Director City of Clearwater P.O. Box 4748 Clearwater, FL 34618 FOR SORIN: WITH A COPY TO: Murray Sorin 465 Park Avenue New York, NY 10022 E. D. Armstrong III, Esq. Johnson, Blakely, Pope, Bokor, Ruppel & Burns, P.A. 911 Chestnut Street Clearwater, FL 34616 12. Binding Effect. This Agreement shall constitute a covenant running with the land for the duration hereof and shall be binding upon both the City and Sorin and persons deriving title by, through or under Sorin and upon their assigns and successors in title for such duration. The agreements contained herein shall benefit and limit all present and future owners of the Property and the City for the term hereof. This Agreement shall be recorded in the Public Records of Pinellas County, Florida. 13. Modification. This Agreement constitutes the entire agreement between the parties and no modification shall be made except as in accordance with law. The parties agree that there are no outstanding agreements of any kind other than are reflected herein. Except as is otherwise specifica],ly provided herein, the Property shall be subject to the laws, ordinances and regulations of the City as they exist as of the date of this Agreement. 14. Governmental Approvals. Should any other governmental permits or approvals be necessary to effectuate the provisions of this Agreement, the City agrees to support or not to oppose Sorin's applications to obtain such permits or approvals. -4- I ~F~~;~~~;S8~~~T~GFL:40 IN WITNESS.WHEREOF, the parties have hereto set their hands and seals the day and year first above written. Countersigned: CITY OF CLEARWATER, FLORIDA ~ "':'.,:., i,." By: ita Garvey Mayor-Commissioner Michael ...1. J' City Manage~ :\';".-... Attest: ,':, , ~- 0 0.1..--' 4> C- '-~. . ''''~.~ ,~'" (j ;:\~ ',;;". ~ ~ P:,' <. ~.> >~"" , ':~ ~ ~ ') ~ '. -'v,,;( j , _"< /~'-~J:' .. . ..... ,,_, ::.v::'-- WITNESSES: .. ftl>>' / ~47;). tygna t ure r" s e- J. ~ C! A t-/x r;;-. Print Name ~~~, Signature M ~HN. r', -FJZ/OIZ - Print Name STATE OF FLORIDA COUNTY OF PINELLAS BEFORE ME personally appeared of the above-named city, who foregoing instrument. She is take an oath. WITNESS my hand and official seal this /9 day of April, iJe . a j~ ) ,'~1"'" DENSEA. \WSllN m Li:'d) . [:r ':1 MY COMMISSION If CC 201408 EXPIRES , - , . 2').'. 'J, June lB. 1996 Print/Type Name: ~, LJ.J / ..sO~" BONOED TliRU TROY FAININSURANCf, INC. Notary Public Rita Garvey, the Mayor-Commissioner acknowledged that she executed the personally known to me and did not 1993. - 5 - " ' I STATE OF FLORIDA COUNTY OF PINELLAS JPINELLAS COUNTY FLA OF .REC.BK 8266 PG 441 BEFORE ME personally appeared Michael J. Wright, the City Manager of the above-named city, who acknowledged that he executed the foregoing instrument. He is personally known to me and did not take an oath. WITNESS my hand and official seal this QeJY)i~)Q. ,DJltSf/ . Print/Type Name: D . . A. rJ, /soJ Notary Public Approved as to form and correctness: ~~~ ~ STATE OF ^7~ 27' .>4 COUNTY OF "rf)~;;(;t ~ The foregoing instrument was 30 day of f1~/' is (personally known to me) (or identification) (as identification) ~'V~r-- Gflotary Publ'ic My Commission Expires: JOHN F. PRIOR Notary Public, State of New York No, 41-4972412 QU~li~ied in Queens County CommIssion Expires October 1 1991f - 6 - / q day of April, 1993. ....l-:;.~~!k... (fI;&""'i'\ DENISE A. WILSON ~t . ~J MY COMMISSION /I CC 201408 EXPIRES --2' ...~~" June 18 1996 '.Nr..lll BONDED THRU TROY FAIN INS URANCE, INt, acknowledged before me this , 1993, by MURRAY SORIN,who who has produced) (type of and who did not take an oath. . , \J '---' I (All located north of Druid lbad) PlNELLAS COUNTY FLA. OFF.~EC.BK 8266 PG 442 From the center of SpC"tlon 18, Towll~hlJ' 29 S(lUU" llallgE' 16 Elll'l, PinelIas County, Florida, rUn South 890-41'-18" East along the North line of the Southeast Quar.ter of said section and a10l\g thE' centerline of Gulf to Bay BoulE'vard 034.1 fE'E't to a point, thencE' South OP-00'-52' West 850.00feel: l:o the point of beginning of . the proper.ty herein described, thencE' continue South 010-00'-52' . . West 432.48 feet to the North line of Druid Road (100-foot right of way), thence South 890-14 '-05" East along the North line of [Jruid Road 500.21 feet to a point, thence North 010-01'-20" East 436.44 feet to a poillt, thence No/"l:h 090-41'-10" West 500.32 feeol: to the point of beginning, and . .r . " I From the center. of Section 18, Township 29 South, Range 16 Easl: PinelIas County, Florida, run South 99"-41'-10" East alon9 the North line of the Southeast Quarter of said section and along I:hl:! centerline of Gulf to Bay Boulevar.d 934.1 feet to a point, thenc~ South 010-00'-52" West 330.02 feet to the South line of the city limits of Clearwater for the point of beginning of ~he fr.oper.ty herein described, thence continue So.uth OP-OO '-52" Wesl 519.99 feet to a point, thence South 890-41'-19" East 500.32 feet to a point, thence North 01'-01'-28" East 519.98 feet to the South line of the cil:y UmHsl thence North 890-41'-18" West 500.41 feet to the polnt of beginning, and tr.om the center of Section 18, Township 29 South, Range 16 Ea81:, Pinellas County, Florida, run South 89"-H'-10" East along the Noeth title of the Southeast: Quarter of si11d sE'cl;lon and a long UtE' '.~centt"rllnE' of Gulf 1;0 Bay Boulevard 8H.l fl?el; 1;0 a polnt, l:hE'nce South 010-00'-52" West 50.0 feet to the 50UI:h line of Gulf 1:0 Bay Boul evard for I:he Point; of beginning of I:h", prop<:,rty la'r",in descr lbed I. thence contiNue South OP-OO'-52" WE'st 290.02 fe",t; 1:0 a point on the south line of the city limlts of Clearwitter., l:hE'neE' South 89.-4~'-18" East along said South linE' 500.41 feet to a polnt, thE'nee North OP-Ol,'-28" West J. 02 feet 1;0 a poLnt, thence South 890-41 '-18" East; 11. 2' feet to a point, thE'nce North 01.-01'-28" Ea"l: . 277.0 feet: to t:h~ South line of Gulf 1;0 Bay BOUlevard, thence North 89.-41'-18" West along thE' South line of Gulf \;0 _Bay Boulevard 511.66 Jeet to the Point of-be91~nlh~. . 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