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AGREEMENT WITH FRED BALLARD JR \ I 1 AGREEMENT THIS AGREEMENT. made this -r'.3 -.J.. day Of~' Z. /.J by and between FRED B. BULLARD, JR., hereinafter called "Bullard", and the CITY OF CLEARWATER, FLORIDA, hereinafter called "City"; WITNESSETH: WHEREAS, Bullard presently owns the properties enumerated as Parcels "A", "B" and "E", described in Exhibits "A", "B" and" E" attached hereto and made a part hereof; and WHEREAS, Bullard presently has an option to purchase Parcels "c" and "D"; and WHEREAS, Bullard has cooperated with the City and intends to transfer Parcels "A" and "c" to the Southwest Florida Water Management District ("SWFWMD"); NOW, THEREFORE, the parti~,s hereto agree as follQws: c.. ~ /,1- '. I - ,I r< ," ! <J "" ! ( ,- -' 1. Bullard agrees to sell both Parcels "A" and "c" to SWFWMD to be used in conjunction with the Alligator Creek Water Management Project at a rate of $20,000.00 per acre. The sum provided for in this paragraph and Paragraph 6 shall be payable at the time of any closing that might take place with respect to the parcels. 2. Bullard will dedicate access and utility easements to the City, the exact location to be determined at the time of site plan approval, to Parcel "0" so as to provide for access to the Water Management Project on Parcel "C" and so as to allow for the extension of utility services to adjoining properties. 3. The City will extend at its expense water and sewer services for the main portion of Parcel "0" to the boundary East of Parcel "c" in the manner determined to be the most economically feasible route. 4. The City will construct a paved surface road from Fairwood Avenue to that portion of Parcel "0" East of Parcel "C" at City expense as per the specifications of the City Engineer for this road segment. (C -1- y :2 [ ~D:5Lf({') (I) ...}o'/ / I I 5. The City will assmne the storm water runoff retention require- ments for the Bullard properties (Parcels "B", "D" and "E") as part of the Alligator Creek Water Management Project, with the understanding that Bullard is responsible for design and construction so as to transport all storm water runoff in an acceptable manner to the appropriate Management area; however, Bullard will not be required to construct an onsite water retention area. 6. Apart from Paragraph 1, the City will pay $90,000 to Bullard in recognition of the value of the existing utilities on Parcel "A" to be purchased by SWFWMD. 6 (a). In the event that SWFWMD does not purchase Parcels "A" and tIC" on or before April 1, 1981, this agreement shall be null and void unless otherwise agreed by the parties. If the agreement becomes null and void because of the event set out in this paragraph, the occurrence of such event shall not affect the prior site plan approval of Parcel "B". 7. The City will pay the interest on the principal on the loan obtained by Bullard on Parcels "A" and "C" to be purchased by SWFWMD from December 1, 1980, until the date of closing between Bullard and SWFWMD, at a rate not to exceed twelve per cent (12%) per annmn, based on the actual interest rate paid by Bullard. 8. The City will transfer density from those lands to be purchased by SWFWMD from Bullard (Parcels "A" and "C"), to Parcels "B", "D" and "E", contingent upon the total development of Parcels "B", "D", and "E", not exceeding the permitted medium density category of 16 units per acre and upon the existence of the necessary number of units attributable to Parcels "A" and "c" from which the requested density transfer will be allocated, so as to permit a maximum of 109 dwelling units on Parcel "B", a maximUlll of 180 dwelling units on Parcel "D'I and a maximum of 238 dwelling units on Parcel "EI', subject to all the otherwise applicable requirements of the City Code of Ordinances. The City agrees that the aforesaid densities shall be vested for a period of seven (7) years from the date of this agreement. 9. Subject to the provisions of Paragraph 10 (e) of the Agreement between City of Clearwater and the Southwest Florida Water Management District, the City will allow Bullard to remove fill dirt from the excavations -2- ~ I I r in the Alligator Creek Water Management Project as it relates to the Parcels which are identified in Paragraph 1 up to fifty per cent (500;0) of the total volume approved to be removed pursuant to City of Clearwater specifications and consistent with the provisions of the Southwest Florida Water Management District agreement identified herein. 10. This agreement shall inure to the benefit of and be binding upon the parties hereto, their respective heirs, representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. ~~ ~L) /ar~S Coun~rsigned: .(~ftJ.I?/~~ Mayor- Commissioner Attes t: '~ ~~u'~ . City Clerk s-to.form and -3- 1.1.111 B~CKG10UND PAPER ON FUNDING FOR IGREEMENT WITH FRED B. BULLARD, JR. PURPOSE: To set forth the construction costs and fund sources for the City to fulfill its agreement with Fred B. Bullard, Jr. for the transfer of properties to the Southwest Florida Water Management District ("SWFWMD"). BACKGROUND; The City is entering into an agreement with Fred B. Bullard, Jr. for the transfer of certain land to the SWFWMD and for the dedication of access and utility easements to the City. For its part, the City has agreed to: Extend water and sewer services to parcels remaining under Bullard ownership; con- struct or pave road from Fairwood Avenue to the remaining Bullard properties; assume storm water runoff retention requirements for the Bullard properties; payBl,lllard for the value of the existing utilities to be purchased by SWFWMD, and pay carrying costs as follows: Estimate of Interest Cost Per Paragraph 7 of Bullard Agreement: Parcel A loan amount $152,000 X .12 ::$18,240 year _.. 12 1 52 / ::, 0 mo. Parcel C 494,000 X .12 :: 59, 280 year year ~ 12 = 4,940 /mo. . 6,460 /mo. Period from December 1 to April = 4 months X 6,460 = $25,840 Unspecified Drainage 315-1-2415 Approximate costs for the above construction are: ITEM COST (1) 8" water line extension - 1260 fe,et (2) lO" sanitary sewer extension (3) 24 II storm drain (4) 24' wide road and subdrain ....: (5) Including the $90,000 purchase of utilities $ 20,000.00 40,000.00 10,000.00 50,000.00 $120,000.00 90,000.00 $210,000.00 All costs of the Bullard agreement will be charged to CIP Fund Code 315-1-2732, Alligator Creek Development. Sources from which the funds will be obtained to pay for the items will be: ITEM SOURCE/CODE (1) Water line extension (water system expansion) 315-1-6109 (2) Sanitary sewer (Hillcrest Avenue Balance~Alligator Cr. Improvements) 315-1-6224/2416 (3) Storm Drainage (Alligator Creek Improvements) 315-1-2416 (4) Road (Alligator Creek Improvements) 315-1-2416 (5) Utilities purchase (Unspecified Drainage) 315-1-2415 Authentication: Additional fund requirements and costs will be bourne by the present Alliga- tor Creek Improvement Code. rJ%,~"!J Ila~ 1G.~ G.('lr;t\~'le - Director Public Works Date J~"'/J-7o , 14..0 (E) · \0.0 f>l.~J..s ...- fRf.lCf 3 ~ ~O . 9.0 \". Dt(1S~'--- rRAerZ @. \\. S ~c.~S'" lAG\! ~,'l. - - -------- lA"\! 9-\ C0 -\' '2'" 0 ~~~s .. fRflCf 6 ~ .ty 9 0 06051 . ~?D ? fRACf 5 * 00" .ty 15.0 ~'\ r V 0"" ~ .....-~....." \ . \:7 ~\ " w O fv Q.P ... \ \ ~ \'-\. t'fo-' \\ ~ \ lA b II .~ Ul \~ \\ w \ " , ...-,' " " -<IfI11" " " &11 9-\ @). c ~c"f.S" '\ '-\. :J .J o o 1: u Ul \ \ \ , \ ",&11 \ \~ \ \ \ \ \ '\ ",\.11 \4-\ ,. 0: <l' ,- Z w :::E .... -' w ~ , \ \",1111 \~ .", , \ \ \ ,'. \ ..' \ 6-\ ~ . ~~' ,- T L L Southwest Florida Water Management District PINELLAS-ANClOTE BASIN Alligator Creek December 29, 1980 SWF Parcel No. 16-044-102-A That part of the SE 1/4 and that part of the SW1/4 of SECTION 8, TOWNSHIP 29 SOUTH, RANGE ~6 EAST Pinellas County, Fiorida, described as follows: . Commence at the SW corner of the NE 1/4 of the SW 1/4 of said Section 8; Thence N 01012'17" E along the West boundary of said NE 1/4 of the SW 1/4 a distance of 855.00 feet to the POINT OF BEGINNING; Thence continue N 0101211]1' E 'along tne West boundary of said NE 1/4 of the SW 1/4 a distance of 282.31 feet; Thence S 73032' 34" E a distance of 18.42 feet; Thence S 86022'08" E a distance of 72.63 feet; Thence S 76041'36" E a distance of 197.89 feet; Thence S 80051' 51" E ~ distance of 311. 59 feet; Thence N A502,3 I 57" E a distance-of 74.09 feet; Thence I: 75044' 13" E a distance o ( 182. 13 feet; Thence C' 89041'17" E a distance of 197.89 feet; oJ Thenr.c S 71018'56" ~ a distance of 122.:1 feet; Thence S 67007'52" E a distance of 181 . 85 feet; Thence S 68005;01" E a distance of 137.22 feet to a point on a curve concav~ to the Northwest and having a radius of 160.00 feet, said point also being on the Northerly right-of-way line of Fairwood Avenue; Thence along the arc of said curve (Northerly right-of-way line of Fai~ood Avenue) through a central angle of 06009'56" (chord distance of l7.2f feet, chord bearing N 89008'52" W) a distance of 17.22 feet; Thence N 86003'54" W along the Northerly right-of-way line of Fairwood Avenue, a distance of 171.16 feet to the P.C. of a curve concave to the Southeast and having a radius of 490.00 feet; , Thence along the arc of said curve (Northerly right-of-way line of Fairwood Avenue) through a central angle of 55031 '56" (chord distance of 45.6.55- feet, chord bearing S 66010'08" W) a distance of 474.92 feet to the point of a compound curve concave Southeast end having a radius of 940.00 feet; TI;ence along the arc of said curve (N0!"'therly rign:-of-way line of Fain-lOod Avenue) through a central angle of 13054'39" (ChOrd distance of 227.66 feet, chord bearing of 5 31026'51" WI a distance of 228.22 feet; Thence N 67001 'S3" W a distance of 383.61 feet; EXHIBIT "A" ",",'-'-.. ..:"..:-.-........,..'-'--."- - --. I --- I ~ SWF Parcel No. 16-044-102-A Page Two Thence N 88047143~ W a distance of 53.00 feet; Thence N 01012'17" E a distance of 143.00 feet; Thence N 88047'43" W a distance of 328.00 feet to the POINT OF BEGINNING: Containing 8.70 acres, more or less. Subject to a utility easement 10 feet wide as described in O.R. Book 4107, Page 519, Public Records of Pinellas County, Florida and a drainage easement as described in O.R. Book 4190, Page 725, Public Records of Pine'las County, Florida. GCG: 1ws " ~ I -- I - Southwest Florida Water Management District PINELLAS-ANCLOTE BASIN All i gator Creek December 29, 1980 :. SWF Parcel No. 16-044-l02-B That part of the SE 1/4 and that part of the SW 1/4 of SECTION 8~ TOWNSHIP 29 SOUTH, RANGE 16 EAST, Pine11as County, Florida, described as follows: 0 Commence at the SE corner of the NE 1/4 of the SW 1/4 of said Section 8; Thence N 01018'33" E a distance of 41.95 feet; Thence N 40025'00" W a distance of 249.98 feet; Thence N 52004'57" W a distance of 157.47 feet; Thence N 70048'07" W a distance of 299.04 feet to a point on the; Southerly right-of-way line of Fairwood Avenue; Thence N 17051 '08" E along the Southerly right-of-way line of Fairwood Avenue, a distance of 9.14 feet to the P.C. of a curve concave Southeasterly a~d having a radius of 860.00 feet; Thence along the arc of said curve (Southerly right-of-way line of Fairwood Avenue) through a central angle of 12043'16" (chord distance of 190.55 feet, chord bearing N 24012'46" E) a distance of 190.94 feet to the POINT OF BEGINNING; Thente continue alo~g the arc of said curve (Southerly right-of~way line of Fair':lood Avenue) through a central angle of Or4l?'46" (chord distance 0': 117 43 feet, chord bearing of N 34029117" E)a distance of 117.52 feet to the point of a compound curve concave Southeasterly and having a radiu5 of 410.00 feet; Thence along the arc of said curve (Southerly right-of-way line of Fairwood Avenue) through a central angle of 55031 '56" (chord distance of 382.01 feet, chord bearing of N 66010'08" E) a distance of 397.38 feet to the P.T. of said curve; Thence 5 86003'54" E along the Southerly right-of-way line of Fairwood Avenue, a distance of 171.16 feet to the P.C. of a curve concave' Northwesterly and having a radius of 240.00 feet; Thence along the arc of said curve (Southerly right-of-way line of Fairwood Avenue) through a central angle of 84059'24" (chord distance of 324.25 feet, chord bearing N 51026'24" E) Q distance of 356.00 feet to the P.T. of said curve; Thence N 08056'42" E along the Easterly right-of-way line of Fairwood Avenue a distance of 147.53 feet to a point on the Southerly right-of-way line of the SCL Railroad; Thence S 31004'24" E along said South right-of-way line, a distance of 976.19 feet to the P.C. ~f a curve concave Northerly and having a radius of 1196.28 feet; Th~nce along the arc of said curve (South ri~ht-of'way line o~ SCL Railroad) through a central angle of 03000'31" (chord distance of 62.81 feet, chold bearing of S 82034'39" E) a distance of 62.82 feet to a point on the Eust bo~ndary of the NW 1/4 of the SE 1/4 of said Section 8, said point lying S 00051'19" I-J a di3tance of 286.87 feet from the NE corner of said NW 1/4 of the SEo 1/4; EXHIBIT lie" "e"... .... .","-;,.,/ . J -- -' :: SWF Parcel No. 16-044-102-B Page Two Thence S 00051'19" W along the East boundary of said NW 1/4 of the SE 1/4, a distance of 321.00 feet; Thence N 74028'39" W a distance of 195.19 feet; Thence N 81054'42" \..I a distance of 319.00 feet; Thence S 78005118" W a distance of 226.00 feet; Thence S 18005'18" W a distance of 746.79 feet to a point that is 60 feet, measured at a right angle Northerly from the South boundary of said NW 1/4 of the SE 1/4; Thence N 89037'35" W parallel to said South boundary of the NW 1/4 of the SE 1/4 a distance of 376.61 feet; Thence N 40025'00" W il distance of 413.18 feet; Thence N 70048'07" W a distance of 227.61 feet; Thence N 14030'30" W a distance of 118.95 feet to the POINT OF BEGINNING: Containing 22.97 acres, more or less. Subject to a sidewalk easement 20 feet wide as described in O.R. Book 4705, Page 2185, Public Records of Pinellas County, Florida, and a sanitary sewer easement 15 feet wide as described in O.R. Book 2510, Page 116, Public Records of Pinellas Cou~ty, Florida, ~nd a sanitary sewer easement 20 feet wide as described in O.R. Gnok 3596, Page 983, Public Records of Pinellas County, Florida. . GCG:'ws : --'AREA EAST OF FAJRHOOD AVENUE .1 LEGAL DEseRI PTION (Oeve 1 opment Si te) I .", A parcel of land lying in the Southwest 1/4 and the Southeast 1/4 of Section 8, Township 29 South, Range 16 East, Pinellas County. Florida, and being more particularly described as follows: Commence at the Southeast corner of the Southwest 1/4 of said Section 8. thence N 1025'0611 E along the East boundary line of said Southwest 1/4; fo~ :. 1339.36 feet, to the Northeast corner of the Southeast 1/4 of the Southwest 1/4 of said Section 8, and the POINT OF BEGINNING; thence continue t11025106" E, for 42.00 -feet; thence N 40026'05" W, for 250.00 feet; thence N 5200613111 W, for 157.50 feet; thence N 7005013311 W, for 299.09 feet, to the easterly right-of-way line of Fairwood Avenue, as recorded in O.R. Book 4038, page 1547, of the Pub 1 i c Records of Pi ne 11 as County, Flori da; thence a long said riaht-of-way line for the following two (2) courses; ,(1) thence N 17048147" E, for 9: 14 feet, to the point of curvature of a curve concav~ to the Southeast; (2) thence northeasterly 190.94 feet along the arc of said curve having a radius of 860.00 feet, a central angle of 12043'16", and a chord of N 24010'25" E, 190.55 feet; thence S 14032156" E, for 118.95 feet; thence 5 70050'3311 E, for 227.74 feet; thence S 40026'05" E, for 473.33 feet; thenceS 89035158" E, for 373.24 feet; thence N 1800910111 E, for 751.37 feet. "thence. N 78009101" E, for 226.00 feet; thence S 81050159" E, for 319.00 feet; thence 5 74024156" E, for 195.19 feet, to the East boundary line of the North- west 1/4 of the Southeast 1/4 of said Section 8; thence S 0055'0211 W along said East boundary line, for 729.44 feet, to the Southeast corner of the North- west 1/4 of the Southeast 1/4 of said Section 8; thence N 89035158" W along the - South boundary 1 i ne of the Northwest 1/4 of the Southeast 1/4 of sa i d . Section 8, for 1385.53 feet, to the POINT OF BEGINNING, and containing 17.34 acres, more or less. ... \ EXHIBIT "D" 532-006.90 1 ~ r '" ,J 1 EXHIBIT E -- .-- ----~._-----_._._----_._-- ---_.--,-,~---~-~---_.- -.- -'---'''-, -- -y--- -._----- ..- From the SE corner of the SW 1/4 of Section 8, Township 29 South, Range 16 East, Pinellas County, Florida; run thence N 01025'06" E, 516.77 feet, along the East boundary of said 5W 1/4 to the P. O. B.; thence N 89056'47rr W, 466.76 feet; thence S 01025'0611 W, 466.76 feet, to the North right.,.of-way line of Drew Street; thence N 89056'47" W, 394.94 feet, along said North right-of-way line; thence Northwesterly 39. 76 feet, along the arc of a curve concave to the NE and having a radius of 25.00 feet (chord bearing N 44023'04" W, 35.70 feet); thence N 01010'40" E, 702.91 feet; thence Northeasterly 215.55 feet, along the arc of a curve concave to the SE and having a radius of 1010.00 feet (chord bearing N 07017'30" E, 215.14 feet); thence S 88047'02" E. 867.99 feet, to the East boundary of the SE 1/4 of the SW 1/4 of said Section 8; thence S 01025'0611 W, 457.59 feet, along the said East boundary to the P. O. B.