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AGREEMENT FOR RESTRICED LAND USEUpon recording, return to: Anne Q. Pollack, Esq. Fletcher & Fischer, P.L. 501 E. Kennedy Blvd. Ste 802 Tampa, FL 33602 AGREEMENT FOR RESTRICTED LAND USE This AGREgMENT F R RESTRICTED LAND USE ( "Agreement ") is made and entered into this r7 day of , 2014, by and between PROSPECT PARK DEVELOPMENT, LLC, located 477 Commerce Way, Suite 115, Longwood, Florida 32750 ( "DEVELOPER ") and the City of Clearwater, a municipal corporation of the State of Florida, located at 112 S. Osceola Avenue, Clearwater, Florida ( "CITY ") (collectively the "PARTIES "). WHEREAS, the DEVELOPER is the owner of that certain real property as described in Exhibit "A" ( "Developer Property "), attached hereto and made a part hereof. WHEREAS, the CITY is the owner of that certain real property as described in Exhibit "B" ( "City Property "), attached hereto and made a part hereof; and WHEREAS, the DEVELOPER and the CITY agree that placing certain land use restrictions on the City Property will accommodate and allow for the required permitting and approval of the intended development of the Developer Property; and WHEREAS, the City, on behalf of its citizens, encourages and shall benefit from such development. NOW THEREFORE, for and in consideration of the mutual covenants herein contained, together with other good and valuable consideration, the receipt of which is herby acknowledged, the PARTIES agree as follows: 1. It is distinctly understood and agreed to by the PARTIES hereto that the City Property shall not be used for the development or building of any habitable structure within 30 feet of the Developer Property, and that such area is hereby designated as a zone that limits construction so as to provide for the applicable code compliance standards required for any buildings neighboring on the Developer Property with respect to Table 600 and horizontal separations (as provided for in the 2010 Florida Building Code). 2. It is agreed that this Agreement shall be recorded in the Public Records of Pinellas County, Florida, to serve as record notice to successors in interest of the restriction on the City Property. 3. It is agreed that this document contains the entire agreement between the PARTIES as to the matter herein contained, and this Agreement shall not be modified except by an amendment in writing, signed by all PARTIES hereto. IN WITNESS WHEREOF, the parties have executed this agreement on the day and year first above written. Countersigned: — cteOrktt\CP . \ticof George N. Cretekos, Mayor Approved as to form: ame a K. Akin, City Attorney CITY: CITY OF CLEARWATER FLORIDA, a municipal corporation of the State of Florida By: 1ikQ i, / . to William B. th orne, II, City Manager Attest: Rosemarie Call, City Cler Signed, Sealed and Delivered in the Presence Of: Sign: Print: Sign:Q; 1 Print: l< & -V t )41 1 DEVELOPER: PROSPECT PARK DEVELOPMENT, LLC, a Florida limited liability company By: FDG - Prospect Park Development, LLC a Florida limited ty company, its Operating By: Name: Its: lltn� 11Gi ncL Cje v STATE OF FLORIDA ) COUNTY OF HILLSBOROUGH ) The foregoing instr ment wq§ ackn wled d before me this /1 day of ��,� , 2014, by �f v . (,t� 11 Ii\ , as Manager of FDG - Prospe t Real Estate Group, LLC, the Operating Manager of Prospect Park Development, LLC, a Florida limited liability company, on behalf of the company. She is personally known to me or who produced as entification. ,,,YH... SARA L DELANEY Notary Public - Nee of Ronda My Comm. Expiry Jun S, 2017 Commission I EE 874131 „,, • seem TNiro*Oh Nsfion t Notary Assn. EXHIBIT A DEVELOPER PROPERTY BEGINNING AT THE SOUTHEAST CORNER OF LOT 11, BLOCK 2, MAGNOLIA PARK SUBDIVISION, AS RECORDED IN PLAT BOOK 3, PAGE 43 PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA, SAID POINT ALSO BEING ON THE BOUNDARY LINE OF MEDITERRANEAN VILLAGE IN THE PARK SUBDIVISION AS RECORDED IN PLAT BOOK 125, PAGES 44 THROUGH 46, PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA, THENCE ALONG THE BOUNDARY LINE OF SAID MEDITERRANEAN VILLAGE IN THE PARK, THE FOLLOWING THREE COURSES: SOUTH 00 °02'16" WEST, 8.16 FEET; THENCE NORTH 89 °57'44" WEST, 21.42 FEET; THENCE SOUTH 00 °17'21" WEST, 52.12 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF PARK STREET; THENCE LEAVING THE SAID BOUNDARY LINE OF MEDITERRANEAN VILLAGE IN THE PARK AND ALONG THE SAID SOUTH RIGHT OF WAY LINE OF PARK STREET, SOUTH 89 °39'49" EAST 288.90 FEET TO A POINT ON THE WEST RIGHT OF WAY LINE OF SOUTH MARTIN LUTHER KING, JR. AVENUE; THENCE LEAVING THE SAID SOUTH RIGHT OF WAY LINE OF PARK STREET AND ALONG THE SAID WEST RIGHT OF WAY LINE OF SOUTH MARTIN LUTHER KING, JR. AVENUE, SOUTH 00 °04'00" WEST 264.88 FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE OF PIERCE STREET; THENCE LEAVING THE SAID WEST RIGHT OF WAY LINE OF SOUTH MARTIN LUTHER KING, JR. AVENUE AND ALONG THE SAID NORTH RIGHT OF WAY LINE OF PIERCE STREET AND THE EXTENSION THEREOF, NORTH 89 °39'04" WEST 386.83 FEET; THENCE LEAVING THE SAID EXTENSION OF THE NORTH RIGHT OF WAY LINE OF PIERCE STREET, NORTH 05 °34'56" WEST 61.39 FEET; THENCE NORTH 15 °56'32" WEST, 122.03 FEET; THENCE NORTH 29 °12'41" WEST, 115.70 FEET; THENCE NORTH 53 °04'15" WEST, 52.08 FEET; THENCE NORTH 89 °54'47" WEST, 252.52 FEET TO A POINT ON THE EAST RIGHT OF WAY LINE OF SOUTH PROSPECT AVENUE; THENCE ALONG THE SAID EAST RIGHT OF WAY LINE OF SOUTH PROSPECT AVENUE, NORTH 00 °05'13" EAST, 251.17 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF CLEVELAND STREET, SAID POINT BEING THE NORTHWEST CORNER OF TRACT 2 OF SAID MEDITERRANEAN VILLAGE IN THE PARK; THENCE LEAVING THE SAID EAST RIGHT OF WAY LINE OF SOUTH PROSPECT AVENUE, ALONG THE SAID SOUTH RIGHT OF WAY LINE OF CLEVELAND STREET, SOUTH 89 °41'20" EAST, 647.02 FEET TO A POINT ON THE WEST LINE OF THE EAST 50 FEET OF BLOCK 5, MRS. SARAH MCMULLEN'S SUBDIVISION, AS RECORDED IN PLAT BOOK 1, PAGE 41, PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA; THENCE LEAVING THE SAID SOUTH RIGHT OF WAY LINE OF CLEVELAND STREET, ALONG THE SAID WEST BOUNDARY LINE OF THE EAST 50 FEET OF BLOCK 5, SOUTH 00 °03'59" WEST, 235.00 FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE OF PARK STREET; THENCE LEAVING THE SAID WEST BOUNDARY LINE OF THE EAST 50 FEET OF BLOCK 5, ALONG THE SAID NORTH RIGHT OF WAY LINE OF PARK STREET, NORTH 89 °41'20" WEST, 137.10 FEET TO THE POINT OF BEGINNING. CONTAINING 279,998 SQUARE FEET (6.428 ACRES) MORE OR LESS. Scale 1" = 100' This is not a survey PROSPECT AVENUE EXHIBIT "B" Proposed Prospect Park Development La1 Block 3 of Magnolia Paik Loa `Plat Book 3, Page 43 Lott _l,I�n�IIIIIIIII�IlIII,._ NORTH PARK STREET Lot3 A Replat for the Purpose o(Showing Alley at North Side of Blocks A "and f B" of Coaching n Heights Plat Book 3Q Page 26 La 16 Let l Lott Block "B" Lo t3 Lot S Lot 20 Legal Description: City owned property described as follows: Lots 1, 2 and a portion of Lots 3 and 4 of Block 3 as recorded in the plat "Magnolia Park" in Plat Book 3, Page 43 in the Public Records of Pinellas County, FI.; along with Lots, 1, 2, 3 and 4, along with portions of Lot 5, 16, 17, 18, 19 and 20 of Block "A" as recorded in the plat "A Replat for the Purpose of Showing Alley at North Side of Blocks "A" and "B" of Coachman Heights" in Plat Book 20, Page 26 in the Public Records of Pinellas County, FL; along with a portion of the vacated alley, portions of vacated Park Street and vacated Pierce Street. Lot4 PIERCE STREET Lot 16 Lot 17 Lot 18 La 19 MARTIN LUTHER KING, JR. AVENUE CITY OF CLEARWATER, FLORIDA ENGINEERING DEPARTMENT ORM M L. Cheek aerate n T. Mahony on< 7/17/14 Legal Description for City Owned Property 0 Prospect Lake OOt0. 110. LqI- 2014 -14 sm 1 OF 1 enr -wr•w 15- 29S -15E