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FIRST AMENDED AND RESTATED ANNEXATION RECORDED 01/12/84, OR 5680 PG 410 V' !" ] EXHIBIT IIBII , . '. 01 Cash !/I ~~) 't j, {/,~ 40 R;,c .------ 41 cS .____ 43 !t' l/' ~.~~' .. if ~< [} J. .'..', THIS 84007129 O. i.5680 PAGE 410 FIRST AMENDED AND RESTATED ANKEXATION AGREEMENT FIRST AMENDED AND RESTATED ANNEXATION AGREEMENT is made this q~ day of September, 1983, among the CITY OF CLEARWATER, FLORIDA (IICityll), r~DC ASSOCIATES 81-A, LTD., a Georgia limited partnership, METRO DEVELOPMENT CORPORATION, a Georgia corpora- tion, OR ASSIGNS (IIDeveloperll). WIT N E SSE T H: WHEREAS, Sidney Colen (IIColenll) owns the real property '-~-(') ~..., f ';. "'~>_", :i: ::, -o::-rt -(""') '..i.' '<,-: -,~ l'"'! ;,-~ " C, h"':'l ~g( J~~:~ ~ <1' .,.,j . ~C.)OQj A ,~ V) Z ~ 'S:: ~ ....~ ~ 0 ~8 :;...- (/]$~ +> ;:J .,'<1\'1 J..;' ~ ~ Q1 S~ ~~ , Vj os E<~~ ....~ ,,' <" ;-(J.U :: ~ ; [3 '.t., ...., ~~ \ described on Attachment 1. attached hereto (lithe Annex Propertyll) and the real property described on Attachment 2. attached hereto (which real property together with the Annex Property is some- times hereinafter collectively referred to as the IIproject Propertyll) which he has agreed under certain circur.1stances to convey to Developer; and WHEREAS, Developer wishes for the Annex Property to be annexed into the City provided that the City agrees to certain conditions relative to the Project Property; and WHEREAS, the City wishes to annex the Annex Property to be annexed into the City provided that the Developer agrees to certain conditions relative to the Project Property; and WHEREAS, Colen has heretofore filed with the City a Petition for Annexation and Zoning and an Application to Amend Land Use Plan relative to the Annex Property; and lllO ..-i ID (t.l ~into an Annexation Agreement whereby the Project Property may be 00" ..~~,~ g~~~annexed into the City, which Annexation Agreement is recorded in Z...:l >< ~ ~~g~O.R. Book 5397, pages 2022 through 2031, inclusive, of the Publ ic ... E-4 . ~o ~ ~Records of Pi nell as County, Flori da; and , ~ -< ~ Ption for Development Approval of a Development of Regional Impact WHEREAS, on August 18, 1982, the City and Developer entered WHEREAS, on July 16, 1982, the Developer filed an Applica- (IIDRIII) with the City and other appropriate agencies; and ~ :r ~.- . ...~ - ':--, r'~.- " I"~ \, '<" /0;:<( , (,' _ r- ~ '.< '~L~ ...,.,' -. ,-"I --- ':-t" . ' i /:l i ( .~ Vl co C: .'1::>-., '-1 =:c: c;; ..J:::.. i". .~. ,t B - 1. ',~,. .r .' - .0?-{ I ) ;~ ] , O. i. 5680 PAGE 411 WHEREAS, on October 11, 1982, the Developer filed with the City an Amendment to the Application for Development Approval and submitted copies of the Amendment to all appropriate agencies; and WHEREAS, the Developer has made substantial changes to the original Conceptual Development Plan (the IIPlanll), attached as Exhibit C to the Annexation Agreement; and WHEREAS, the City and Developer have agreed to other changes in the Annexation Agreement; and WHEREAS, the parties wish to amend the Annexation Agreement relative to the Project Property; NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties amend and restate the Annexation Agreement in its entirety as follows: 1. Recitals. The foregoing recitals are true and correct. 2. Annexation. Simultaneously with the approval of this Agreement by the City, the City shall conclude annexation of the Annex Property. 3. Conceptual Development Plan. Immediately following the effectuation of the annexation of the Annexed Property, the City shall issue its Development Order relative to the Project Property. The Conceptual Development Plan attached to the Development Order as Exhibit IIDII shows the general parameters for development of the Project Property. Any development of the Project Property by Developer shall be in substantial compliance with these parameters. All site and engineering plans, building plans, DRI Studies, or amendments or addenda thereto, or other similar documents or applications relative thereto, that are submitted by Developer to the City and are consistent with the proposed development as shown on the Plan and as are consistent with the Development Order adopted by the City as Ordinance No. 3205-83 of which this amended agreement is a part, shall be expeditiously processed by the City. B-2. ] I O. i. 5680 PAGE 412 4. Parkland Dedication. The City's parkland dedication requirement shall be satisfied in full upon the payment by the Developer to an independent trustee designated by the City of the sum of $600,000.00, such payment to be made within five (5) days following the effective date of the Development Order. This sum shall be invested in an interest bearing account as directed by the City with the interest to accrue to the benefit of the City. The developer shall exercise its best efforts for a period of twelve (12) months from the effective date of the Development Order, to locate and acquire, upon terms mutually acceptable to the Developer and the City, a recreational facility acceptable to the City in the City's sole discretion. In the event that Developer is successful in contracting for the acquisition of such a facility, then the City shall authorize the trustee to disburse so much of the funds held by it as may be necessary to close the acquisition contracted for by the Developer for conveyance to the City. The balance of the funds held by the trustee, if any, shall be paid over to the City. The City may, in its sole discretion, choose to assume any mortgages that may encumber such a facility, or contribute toward the purchase price of such a facility, or both. At any time prior to the Developer contracting for acquisi- tion of such a facility upon written notification by the City to the Developer and the trustee, the trustee shall promptly pay over to the City the funds, including interest, held by it. Upon the earlier of (i) twelve (12) months from the effective date of the Development Order, (ii) the consummation of the acquisition of such a facility or (iii) the payment to the City of the funds held by the trustee, the Developer shall be relieved of any further obligation under this paragraph. ~ B-3. 1 I O. i. 5680 PAGE '413 In the event that the Developer is not successful in contracting for the acquisition of an acceptable recreation facility within 12 months, the sum of $600,000 plus interest shall be paid over by the Trustee to the City. Prior to approval of the preliminary site plans for Phases II and III of Park Place, the City shall prepare a report describing the recreation lands and facilities or open space lands which have been acquired with the funds provided by the Developer, as well as any unex- pended balance of the funds or interest that has accrued. In consideration of transportation needs in the Project area, the City Commission may elect to use any unexpended parkland monies to support improvements to the transportation system provided that a minimum of $240,000 (which equates to four (4) percent of the purchase price of the Project Property) be expended for public parkland/open space purposes. 5. Land Use Designation and Zoning. Upon annexation of the Annex Property into the City, the Land Use Plan designation and Zoning Atlas category for each phase thereof shall be as set forth in the annexation, land use plan and zoning ordinances respectively. The portion of the Project Property already within the City's limits shall continue with the same Land Use Plan designation and Zoning Atlas category as in effect on July 15, 1982. Nothing herein shall preclude the subsequent amendment of the Land Use Plan or Zoning Atlas categories or the applicable requirements thereunder, except that development shall be entitled to proceed in accordance and consistent with the specific authorization of the Development Order and the City Code of Ordinances in effect at the time of application for final site pl an approval. 6. Utilities Service. (a) Sewer. According to Developer1s proposed phasing schedule for the proposed development, average daily sewer service requirements, by Phase and cumulatively, will be as follows: B - 4. -, 1 I Q. i.5680 PAGE 414 I II III RETAIL (MGD) .023 o o .023 OFFICE 01GD) .037 .024 .022 TOTAL (MGD) .060 .024 .022 PHASE TOTAL .083 .106 Because of the magnitude of the proposed development and the length of the term over which it will be in process, City and Developer recognize the need for maximum certainty regarding the availability of sewer service for the proposed development. The City at its cost shall provide sewer service along U.S. Highway 19, Gulf-to-Bay Boulevard, Drew Street, and Hampton Avenue adequate and available for use to serve the Project Property. (b) Water. Water service is available to the Project Property from water lines along U.S. Highway 19, Gulf-to-Bay Boulevard, Drew Street, and Hampton Avenue. The projections of average daily water demand, by Phase and cumulatively, based on the Developer's proposed phasing schedule for the project are as follows: PHASE RETAIL (MGD) OFFICE ( ~1 G D ) TOTAL (MGD) I .023 .037 .060 I I 0 .024 .024 I I I 0 .022 .022 TOTAL .023 .083 .106 The sizes of the water lines presently i n place are sufficient to service the above described estimated water needs of the proposed project. (c) Natural Gas. The City shall at its expense install a natural gas distribution system serving the Project Property where such installation expense can be recovered within a reasonable time based upon projected revenues to be generated by such system. Where gas mains are not located within dedicated rights-of-way or easements, easements shall be provided by Developer for said mains at no expense to City. B - 5. J I o. i. 5680 PAGE 415 7. Roads and Signs. If Developer constructs roads on the Project Property in general conformance with the design shown on Exhibit "0" of the Development Order and in locations and to specifications acceptable to the City, then City shall accept any such road dedicated by Developer to the public or the City. Developer agrees that if such roads are dedicated, it will agree to maintain all median areas and shall provide reasonable liability insurance to City with respect to such medians. City recognizes the unique nature of the proposed development and agrees that business identification signs otherwise consistent with City sign regulations and subject to site plan review requirements, including sign size, design, and location, may be placed and maintained within publicly dedicated right-of-way so long as no danger to vehicular or pedestrian traffic is imposed thereby. 8. Access Easement. Upon annexation of the Annex Property, the City shall by separate instrument reasonably satisfactory to Developer, grant to Developer, its successors, assigns, guests and invitees, a right-of-way easement in a location and of a design reasonably acceptable to City for ingress, egress, and utilities over and under the real property described on Attachment 3. attached hereto. The term of such easement shall be the maximum permitted by law. The relocation and adjustment of existing facilities within said easement shall be at Developer's expense. 9. Access to Out Parcels. The City agrees not to prevent the right of ingress and egress to the out parcels fronting on State Road 60 provided that a maximum of two (2) points of ingress and egress to State Road 60 shall be permitted east of the main project entryway and a maximum of two (2) points of ingress and egress to State Road 60 shall be permitted west of the main project entry. B - 6. I I O. i. 5680 PAGE 416 10. Development of Regional Impact. Developmnent of the Project Property constitutes a DRI as defined in Florida Statutes, Chapter 380. The City agrees that compliance by the Developer with the provisions of Chapter 380 is in addition to and complimentary to the initial Community Impact Statement ("CIS") prepared for the Project Property by the Developer. The DRI process, constituting a more comprehensive and complete evaluation of project impacts, supplants and supersedes the CIS wherever the two may be inconsistent and precludes the necessity of submitting any additional CIS for each phase or tract of the project. 11. Remedies. The parties recognize that damages for a breach by either party of the terms of this Agreement or the Development Order may be difficult or impossible to ascertain. The parties further recognize that there may be no adequate remedy at law for any such breach. Accordingly, the parties agree that either mandamus, specific performance, or injunctive relief (either prohibitory or mandatory, both temporary and permanent) is an appropriate remedy in the event of breach, whether actual or anticipatory, of this Agreement or the Development Order. In the event of any litigation arising out of this Agreement or the Development Order, the prevailing party shall be entitled to recover its costs, including reasonable attorney's fees. 12. Effective Date and Term. This Agreement shall be effective upon its execution by the City and the Developer. This Agreement shall be in effect for twenty (20) years following the effective date of the Development Order. 13. Binding Agreement. This Agreement shall be binding on and inure to the benefit of the parties and their respective successors and assigns. B - 7. I I Q. i. 5680 PAGE 417 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first above written. At~~ t& ~BY: IICITyll Witnesses: MDC ASSOCIATES 81-A. LTD., a Georgia limited partnership CJar~- [, 't1~ /YLf~,7?1, 4)/1 ~r"f, By: f{l. U~ P~' IIDEVELOPERII RE31.27 B - 8. " I NORTH PARCEL DESCRIPTIml: I O. i. 5680 PAGE 418 Begin at the northwest corner of the N.E. 1/4 of the N.W. 1/4 of Section 17, Township 29 South, Range 16 East, Pine11as County, Florida and go S. 890-56'~11" E., 1312.06 feet; along the north boundary of said N.E. 1/4 of the N.W. 1/4 of Section 17, to a point on the west right-of-way line of Hampton road - County Road No. 144; thence S. 000-19'-21" E., 1333.85 feet, along said west right-of-way line to a point on the south boundary of the N.E. 1/4 of the N.W. 1/4 of said Section 17; thence S. 890-54'-49" W., 1328.31 feet, along the south boundary of the N.E. 1/4 of the N.W. 1/4 of said Section 17; thence N. 000-22'-28" E., 1337.33 feet, along the west boundary of the N.E. 1/4 of the N.W. 1/4 of said Section 17, to the Point of Beginning. Containing 40.477 acres, more or less. SOUTH PARCEL DESCRIPTION: Commence at the southeast corner of the N.W. 1/4 of Section 17, Towns~ip 29 South, Range 16 East, Pine11as County, F19rida and go N. 00 -19'-21" W., 330.00 feet, along the east boundary of said N.W. 1/4; thence S. 890-46'-41" W., 33.00 feet, to a point on the west right-of-way line of Hampton Road-County Road No. 144 for a Point of Beginning; thence S. 890-46'-01" W., 1998.14 feet, along a line 330.00 feet north of and parallel to the south boundary of said N.W. 1/4 of Section 17; thence N. 010:"04'-04" E., 229.92 o feet; thence S. 89 -46'-01" W., 198.43 feet; thence N. 000-52' -21" E., 554.70 feet; thence S. 890_84' -49" W., 174.94 feet; thence N. 000-53'-42" E., 125.02 feet, to a point on the north boundary of the S.W. 1/4 of the N.W. 1/4 of said Section o 17; thence N. 89 -54'-49" E., 2349.30 feet, along the north boundaries of the S.W. 1/4 and S.E. 1/4 of said N.W. 1/4 of Section 17, to a point on the west r~ht-of-way line of Hampton Road-County Road No. 144; thence S. 00 -19'-21" E., 1003.86 feet, along said west right-of-way line, to the Point of Beginning. Containing 49.496 acres, more or less. ATTACHMENT 1 B - 9. .; I I D. i. 5680 PAGE 419 DESCRIPTION: Commence at the southeast corner of the N.W. 1/4 of Section 17, Township 29 South, Range 16 East, Pinellas County, Florida and go S. 890-46'-01" W., 660.00 feet, along the south boundary of said N.W. 1/4 (centerline of Gulf-to-Bay Boulevard - State Road No. 60); thence N. 000-19'-21" W., 50.00 feet, to a point on the north right-of-way line of Gulf-to-Bay Boulevard; for a Point of Beginning; thence, following said nort8 right-of-way line, S. 89 -46'-01" W., 58.49 feet; thence N. 00 -13'-59" W., 10.00 feet; thence S. 890-46'-01" W., 1319.21 feet; thence, leaving said northoright-of-way line, n. 010-04'-04" E., 270.07 feet; thence N. 89 -46'-01" E., 1371.13 feet, along a line 330.00 feet north of and parallel to, the south boundary of said N. W. 1/4 of Section 17; thence S. 000-19'-21" E., 280.0Q feet, to the Point of Beginning. Containing 8.533 acres, more or less ATTACHMENT 2 B - 10. ',. I I D. i. 5680 rAGE 420 This property is the City \-lell site property fronting on U. S. Highway 19 service road north of State Road 60. An accurate legal description mutually acceptable to city and Developer shall be prepared and substituted for this Attachment 3. - ATTACH!-1ENT 3 .. B - 11.