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HomeMy WebLinkAboutWinter Springs Retirement Residence, LLC Developer's Agreement - 2018 01 22'Hill THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Anthony Garganese City Attorney of Winter Springs Garganese, Weiss, D'Agresta & Salzman, P.A. 111 N. Orange Avenue, Suite 2000 Orlando, FL 32802 (407)425-9566 FOR RECORDING DEPARTMENT USE ONLY DEVELOPER'S AGREEMENT THIS DEVELOPER'S AGREEMENT (the "Agreement") is made and executed this 22nd day of January, 2018 by and between the CITY OF WINTER SPRINGS, a Florida Municipal Corporation (the "City"), whose address is 1126 East S.R. 434, Winter Springs, Florida 32708, and WINTER SPRINGS RETIREMENT RESIDENCE LLC, a Washington limited liability company ("Developer"), whose address is 9310 NE Vancouver Mall Drive, Suite 200, Vancouver, Washington 98662. WITNESSETH: WHEREAS, this Agreement is related to certain real property located in Seminole County, Florida, on the south side of East State Road 434 adjacent to the Cross Seminole Trail Bridge, Winter Springs, Florida, being a part of tax parcel identification number 26-20-30-5AR- OA00-008H, and more particularly legally described on EXHIBIT "A", which is hereby fully incorporated herein by this reference (the "Property"); and WHEREAS, the Property is currently designated Town Center on the City's Zoning Map and Future Land Use Map with a T5 transect designation; and WHEREAS, the Developer desires to purchase the Property and construct a 145 unit adult congregate living facility, as more specifically described herein; and WHEREAS, in furtherance of this desire, the Developer has obtained four special exceptions for an adult congregate living facility, as initially approved by the City Commission on June 8, 2015, which approvals have been extended in accordance with this Agreement, and has also filed with the City several development permit applications seeking approval of final engineering plans and aesthetic review for the proposed adult congregate living facility which is generally described above; and WHEREAS, in furtherance of the special exceptions and development unique to the Project (defined in Section 4.0 below), the City Commission desires to now approve the pending final engineering and aesthetic review applications which were specifically submitted by the Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 1 of 13 Developer and to address other development related issues, all pursuant to the terms and conditions set forth under this Agreement; and NOW THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals: Effective Date. The foregoing recitals are true and correct and are hereby incorporated herein by this reference. The Effective Date of this Agreement shall be the date on which the last party hereto timely and fully executes this Agreement ("Effective Date"), subject to the terms of Section 14.0 below. 2.0 Authority. This Agreement is entered into pursuant to the Florida Municipal Home Rule Powers Act. 3.0 Acquisition of Property. Developer anticipates purchasing the Property within one (1) year of the Effective Date of this Agreement. Developer may request a three (3) month extension of this time period upon written request to the City. The extension will not be unreasonably withheld for good cause shown by the Developer. If Developer fails to complete the purchase within said time period (as may be extended by the City), this Agreement shall automatically be deemed null and void and terminated. Upon closing on the Property, the Developer shall promptly provide written notice of said closing to the City no later than two (2) business days after closing so the City can record this Agreement pursuant to Section 15 of this Agreement. 4.0 Project Description. Upon purchase of the Property, the City and Developer agree that the Property shall be developed as an adult congregate living facility, intended and operated for occupancy by persons 55 years of age or older subject to safe harbor provisions under law (commonly referred to, without limitation, as "Housing for Older Persons" under Title VIII of the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988, as further amended by the Housing for Older Persons Act of 1995, 42 U.S.C. Section 3601, et. seq., as may be further amended, and under Florida's Fair Housing Act, Florida Statute Section 760.20 (2017), et. seq., as may be amended), consisting of a maximum of 145 separate rentable units, operations related manager unit and separate co -manager unit, and common amenities (collectively, the "Project"). Development of the Property shall be in conformance with applicable law and the Preliminary/Final Site Plan Winter Springs Retirement Residence prepared by Tillman & Associates, Inc., dated December 8, 2017, and approved by the City Commission on January 22, 2018 ("Final Engineering Plans") and Aesthetic Review Package submitted to the City by the Developer and approved by the City Commission on January 22, 2018 (collectively, "Development Plans"). A true and exact copy of the Development Plans, as may be amended from time to time pursuant to the Winter Springs City Code ("City Code"), shall be maintained at City Hall and shall hereby be deemed fully incorporated herein by this reference. Once Development Plans, individually or collectively, are amended in accordance with City Code, should amendments ever occur, the Development Plans as amended shall control over any conflict with the terms of this Agreement. For purposes of clarity, amendments to the Development Plans pursuant to City Code shall not require an amendment to this Agreement. Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 2 of 13 5.0 Utilities. The City confirms that as of the Effective Date of this Agreement, sufficient plant capacity exists to service the Project with water and sewer service. The Project, if developed in accordance with the applicable provisions of the City Comprehensive Plan, City Code and this Agreement, satisfies and is fully vested against concurrency requirements for sewer, potable water, reclaimed water and transportation as described in the City Code and Comprehensive Plan. 6.0 Additional Development Conditions. Development of the Property shall also be subject to the following additional conditions: A. Reimbursement of Waterline Across SR 434. Concurrently with the construction of the Project by the Developer, the City has requested and the Developer agrees to construct a water line which will be extended from the south side of S.R. 434 to the north side of S.R. 434 as depicted on the Final Engineering Plans. Upon completion and acceptance by the City, the Developer shall convey the water main to the City by bill of sale. Acceptance by the City shall not be unreasonably withheld or delayed. The City shall reimburse the Developer all costs and expenses incurred by the Developer in the design, engineering, permitting and construction of the water line, not to exceed $ 40,000.00 within a reasonable time after City's acceptance of the same, not to exceed thirty (30) days. B. Lift Station. Developer shall be required to construct a lift station facility on the portion of the Property identified on the Final Engineering Plans at the Developer's expense. Upon completion and final acceptance by the City, the lift station facility shall be conveyed to the City by bill of sale and the City agrees to maintain the facilities in perpetuity. However, the portion of Property on which the lift station facility is constructed shall remain owned by the Developer. Acceptance by the City shall not be unreasonably withheld or delayed. The Developer shall grant the City a lift station easement in a form reasonably acceptable to the City Attorney. C. Stormwater Facilities. All stormwater facilities shall be constructed by Developer for the Project on the Property at the Developer's expense. The stormwater facilities shall be owned and maintained in perpetuity by the then present owner of the Property. However, the Developer shall grant the City an emergency access and maintenance easement upon all stormwater ponds and areas which grants the City the right to conduct inspections and emergency operation and maintenance. The easement shall be prepared in a form reasonably acceptable to the City Attorney. D. Dedication of Michael Blake Boulevard Extension. Developer shall be required to construct the extension of Michael Blake Boulevard, at its expense, as reflected on the Final Engineering Plans ("Roadway Improvements"). This right-of-way shall be dedicated to the City in a form reasonably acceptable to the City Attorney and within a reasonable time of the City requesting the dedication in writing. If such dedication is requested before construction has been completed, the City agrees to grant Developer a use agreement to complete construction of the improvements in the right of way. After completion of the construction of this right-of-way substantially in accordance with the Final Engineering Plans, as certified by a registered Florida Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 3 of 13 professional engineer, request shall be made by Developer to the City Commission for acceptance of the roadway construction, which acceptance shall not be unreasonably withheld or delayed. All such land conveyances shall be by a recorded deed and be free and clear of all encumbrances that would prohibit use of the same as a public road. Conveyance of improvements shall be by bill of sale and free and clear of all liens that would prohibit use of the improvements for their intended purposes. The deed of conveyance (as the case may be) and bill of sale shall be in a form reasonably acceptable to the City Attorney. E. Conveyances. The City acknowledges and agrees that the conveyances of the Roadway Improvements and utilities are being conveyed for a public purpose and necessity (in lieu of condemnation) and, accordingly, such conveyances are exempt from documentary stamp taxes. The City shall be responsible for all closing costs, except that the Developer shall be responsible for any costs related to clearing or remedying any defects of title or encumbrances that prohibit use of the roadway as public road and improvements for their intended purposes. 7.0 Offsite Improvements/Contribution of Lands. The City and Developer agree that all required onsite and offsite improvements are shown on the Final Engineering Plans. 8.0 Representations of the Parties. The City and Developer hereby each represent and warrant to the other that it has the power and authority to execute, deliver and perform the terms and provisions of this Agreement and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. This Agreement will, when duly executed and delivered by the City and Developer and recorded in the Public Records of Seminole County, Florida, constitute a legal, valid and binding obligation enforceable against the parties hereto, and when recorded as permitted by this Agreement, against the Property in accordance with the terms and conditions of this Agreement. Developer represents that it has voluntarily and willfully executed this Agreement for purposes of binding the Property to the terms and conditions set forth in this Agreement. 9.0 Successors and Assigns. Upon being recorded in the Public Records of Seminole County, Florida, this Agreement shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective successors and assigns. The terms and conditions of this Agreement similarly shall be binding upon the Property and shall run with title to the same. 10.0 Applicable Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. The parties agree that venue shall be exclusively in Seminole County, Florida, for all state disputes or actions which arise out of or are based upon this Agreement, and in Orlando, Florida, for all federal disputes or actions which arise out of or are based upon this Agreement. 11.0 Amendments. This Agreement shall not be modified or amended except by written agreement duly executed by both parties hereto (or their successors or assigns) and approved by the City Commission. 12.0 Entire Agreement; Exhibits. This Agreement and all attached exhibits hereto supersedes any other agreement, oral or written, regarding the Property and contains the entire Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 4 of 13 agreement between the City and Developer as to the subject matter hereof. The Exhibits attached hereto and referenced herein are hereby fully incorporated herein by this reference. 13.0 Severability. If any provision of this Agreement shall be held to be invalid or unenforceable to any extent by a court of competent jurisdiction, the same shall not affect in any respect the validity or enforceability of the remainder of this Agreement. 14.0 Execution of Agreement; Effective Date; Escrow Pending Recordation. This Agreement shall be fully executed by the parties no later than sixty (60) days after it is approved by the City Commission. This Agreement shall become effective upon approval by the City Commission and execution of this Agreement by both parties hereto. Upon execution of this Agreement by the parties, the term of the four special exceptions obtained by the Developer for an adult congregate living facility, as initially approved by the City Commission on June 8, 2015, are hereby extended to coincide with the term of this Agreement. Pending the Developer's closing on the Property and recordation of this Agreement pursuant to Section 15.0 of this Agreement, the City Attorney shall hold the fully executed, original Agreement in escrow on behalf of the Parties until such time the Agreement is required to be recorded pursuant to Section 15.0. 15.0 Recordation. At such time Developer notifies the City that it has closed on the Property, as contemplated by Section 3.0 of this Agreement, this Agreement shall be recorded, without further notice or consent of the Parties, by the City Attorney in the Public Records of Seminole County, Florida, and said Agreement shall then run with and be binding upon the Property. This Agreement shall not be recorded unless Developer closes on the acquisition of the Property. 16.0 Joinders of Mortgage Holders. To the extent applicable, the Developer shall be required to obtain a written joinder from all mortgage holders that may have a recorded mortgage upon the Property prior to the date that this Agreement is recorded on the Property. The joinder shall be in recordable form and shall evidence the mortgage holder's consent that the terms and conditions of this Agreement shall survive any foreclosure of their respective mortgage recorded against the Property. A copy of the recorded joinder shall be promptly delivered to the City upon recordation or upon request by the City. 17.0 Relationship of the Parties. The relationship of the parties to this Agreement is contractual and Developer is an independent contractor and not an agent of the City. Nothing herein shall be deemed to create a joint venture or principal -agent relationship between the parties, and neither party is authorized to, nor shall either party act toward third persons or the public in any manner, which would indicate any such relationship with the other. 18.0 Sovereign Immunity. Notwithstanding any other provision set forth in this Agreement, nothing contained in this Agreement shall be construed as a waiver of the City's right to sovereign immunity under Section 768.28, or other limitations imposed on the City's potential liability under state or federal law. As such, the City shall not be liable, under this Agreement for punitive damages or interest for the period before judgment. Further, the City shall not be liable for any claim or judgment, or portion thereof, to any one person for more than two hundred thousand dollars ($200,000.00), or any claim or judgment, or portion thereof, Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 5 of 13 which, when totaled with all other claims or judgments paid by the State or its agencies and subdivisions arising out of the same incident or occurrence, exceeds the sum of three hundred thousand dollars ($300,000.00). 19.0 City's Police Power. Developer agrees and acknowledges that the City hereby reserves all police powers granted to the City by law. In no way shall this Agreement be construed as the City bargaining away or surrendering its police powers. 20.0 Interpretation. The parties hereby agree and acknowledge that they have both participated equally in the drafting of this Agreement and no party shall be favored or disfavored regarding the interpretation to this Agreement in the event of a dispute between the parties. 21.0 Third -Party Rights. This Agreement is not a third -party beneficiary contract and shall not in any way whatsoever create any rights on behalf of any third party. 22.0 Specific Performance. Strict compliance shall be required with each and every provision of this Agreement. The parties agree that failure to perform the obligations provided by this Agreement shall result in irreparable damage and that specific performance of these obligations may be obtained by a suit in equity. 23.0 Attorney's Fees. In connection with any arbitration or litigation arising out of this Agreement, each party agrees to bear their own attorney's fees and costs. 24.0 Development Permits. Nothing herein shall limit the City's authority to grant or deny any development permit applications or requests subsequent to the Effective Date of this Agreement. The failure of this Agreement to address any particular City, County, State and/or Federal permit, condition, term or restriction shall not relieve Developer or the City of the necessity of complying with the law governing said permitting requirement, condition, term or restriction. Without imposing any limitation on the City's police powers, the City reserves the right to withhold, suspend, or terminate any and all certificates of occupancy for any building or unit if Developer is in material breach of any term and condition of this Agreement until the material breach is cured. 25.0 Default; Opportunity to Cure. Should either party desire to declare the other party in default of any term and condition of this Agreement, the non -defaulting party shall provide the defaulting party a written notice of default. The written notice shall, at a minimum, state with particularity the nature of the default, the manner in which the default can be cured, and a reasonable time period of not less than thirty (30) days in which the default must be cured. No action may be taken in a court of law on the basis that a breach of this Agreement has occurred until such time as the requirements of this paragraph have been satisfied. 26.0 Termination. The Developer acknowledges and agrees that the Development Plans and this Agreement were approved by the City Commission based on conditions that existed upon the Effective Date. As such, the City shall have the unconditional right, but not obligation, to terminate this Agreement, without notice or penalty, if Developer fails to receive building permits and substantially commence construction of the development project within eighteen (18) months after this Agreement is recorded in the public records of Seminole County Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 6 of 13 as required by Section 15.0 of this Agreement. The term "substantially commence construction of the development project" means completion of lot clearing and surveying and substantial construction of infrastructure required to support any building improvements, but not vertical construction of any building improvements. In addition, the City shall have the right, but not obligation, to terminate the Agreement if Developer permanently abandons construction of the development project, provided, however, the City shall first deliver written notice and an opportunity to cure as set forth in Paragraph 25.0 herein. If the City terminates this Agreement, the City shall record a notice of termination in the public records of Seminole County, Florida. 27.0 Notices. Any notice required or allowed to be delivered hereunder shall be in writing and shall be deemed to be delivered when: (a) hand delivered to the official hereinafter designated, or (b) upon receipt of such notice, when deposited in the United States mail, postage prepaid, certified or registered mail, return receipt requested, or (c) one day after deposit with a nationally recognized overnight courier services, e.g. Federal Express, United Parcel Service, Airborne, Express Mail, etc., addressed to a party at the other address specified below or from time to time by written notice to the other party delivered in accordance herewith. Developer Winter Springs Retirement Residence LLC 9310 NE Vancouver Mall Dr. Suite 2000 Vancouver, WA 98662 Attn: R . G oi.4 S With copy to: Charles B. Costar, I11, Esq. Shutts & Bowen LLP 300 South Orange Avenue Suite 1600 Orlando, FL 32801 (407) 423-3200 City: Kevin Smith City Manager City of Winter Springs 1126 East State Road 434 Winter Springs, FL 32708 Telephone: (407) 327-5957 Fax: (407) 327-4753 With a copy to: Anthony A. Garganese, Esq. Garganese, Weiss, D'Agresta & Salzman, P.A. 111 N. Orange Avenue, Suite 2000 Orlando, FL 32801 Phone: (407) 425-9566 Fax: (407) 425-9596 Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 7 of 13 28.0 Force Maieure. The parties agree that in the event that the failure by either party to accomplish any action required hereunder within a specified time period ("Time Period") constitutes a default under the terms of this Agreement and, if any such failure is due to any unforeseeable or unpredictable event or condition beyond the control of such party, including, but not limited to, acts of God, acts of government authority (other than the City's own acts as to a claim by the City for force majeure), acts of public enemy or war, riots, civil disturbances, power failure, shortages of labor or materials, injunction or other court proceedings beyond the control of such party, or severe adverse weather conditions ("Uncontrollable Event"), then, notwithstanding any provision of this Agreement to the contrary, that failure shall not constitute a default under this Agreement and any Time Period proscribed hereunder shall be extended by the amount of time that such party was unable to perform solely due to the Uncontrollable Event. The extended time period shall be agreed to in writing by the parties and said agreement shall not be unreasonably withheld by either party. IN WITNESS WHEREOF, the parties have hereunto set their hands and seal on the date first above written. ATTEST: By: i ,orenzo Luaces, City Clerk CITY SEAL CITY OF WINTER SPRINGS By:AV Charles Lacey, ay APPROVED AS TO FORM AND LEGALITY For the use and reliance of the City of Winter Springs, Florida only. Date: x/13 r? By: Anthony A. Garganese, City Attorney for the City of Winter Springs, Florida Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 8 of 13 Signed, sealed and delivered in the pr en of the following witnesses: Si to e f Witness`► V!T S�fANS0�1 Printed Name of Witness Si tare of Witness SAM\E �jbQv'f� Printed Name of Witness STATE OF W COUNTY OF WINTER SPRINGS RETIREMENT RESIDENCE LLC, a Washington limited liability company By: Hawthorn IL Propco LP, a Delaware limited partnership, its manager By: CP HRG IL REIT, LLC, its soleeg neral ap rtner Name: Alan Spragins Date: Chief Operating Officer The foregoing instrument was acknowledged before me this Z,(n day of 2018, Alan Spragins, as Chief Operating Officer of CP HRG IL REIT, LLC, sole general partner of Hawthorn IL Propco LP, a Delaware limited partnership, manager of Winter Springs Retirement Residence LLC a Washington limited liability company, on behalf of said company. He is personally known to me or produced as identification. (NOTARY SEAL) YASAMINE FIROOZI Notary Public State of Washington My Appointment Expires Jul 30, 2020 moran�tterrc �ignamrei� (Print Name) Notary Public, State of CommissionNo.: l $(o(.OG", My Commission Expires: 3u L,,, Lc� DEVELOPER IS HEREBY ADVISED THAT SHOULD DEVELOPER FAIL TO FULLY EXECUTE, AND DELIVER TO THE CITY, THIS AGREEMENT WITHIN SIXTY (60) DAYS FROM THE DATE THAT THE CITY COMMISSION APPROVES THIS AGREEMENT, THIS AGREEMENT, AND THE DEVELOPMENT PERMIT APPROVALS REFERENCED HEREUNDER, SHALL AUTOMATICALLY BE DEEMED NULL AND VOID. Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 9 of 13 EXHIBIT "A" Parcel 1: THAT PART OF LOT 8 BLOCK "A", D.R. MITCHELL'S SURVEY OF THE LEVY GRANT AS RECORDED IN PLAT BOOK 1, PAGE 5 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHWESTERN MOST CORNER OF LOT 31 ST. JOHNS LANDING AS RECORDED IN PLAT BOOK 53, PAGES 45 THRU 49 OF SAID PUBLIC RECORDS, SAID POINT BEING A RECOVERED CONCRETE MONUMENT ON THE EASTERLY RIGHT OF WAY LINE OF TUSKAWILLA ROAD (FORMERLY BRANTLEY AVENUE) AS RECORDED IN OFFICIAL RECORDS BOOK 3225, PAGE 1829 OF SAID PUBLIC RECORDS; THENCE RUN NORTH 59°31'38" WEST ALONG THE WESTERLY PROLONGATION OF THE SOUTH LINE OF SAID LOT 31 FOR A DISTANCE OF 15.00 FEET; THENCE RUN SOUTH 30°04'55" WEST ALONG SAID EASTERLY RIGHT OF WAY LINE FOR A DISTANCE OF 5.00 FEET; THENCE CONTINUE SOUTH 30°04'55" WEST A DISTANCE OF 35.00 FEET; THENCE S 59°31'38" E, A DISTANCE OF 1132.34 FEET TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT HAVING A RADIUS OF 150.00 FEET; THENCE RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE AT 60036'00" FOR AN ARC DISTANCE OF 158.65 FEET TO THE POINT OF TANGENCY; THENCE SOUTH 01'04'22" WEST A DISTANCE AT 146.91 FEET; THENCE SOUTH 24°59'41 "W, A DISTANCE OF 318.72 FEET; THENCE SOUTH 00°00'00" EAST A DISTANCE OF 115.48 FEET; THENCE SOUTH 36°55'21" EAST A DISTANCE OF 217.54 FEET; THENCE SOUTH 15°19'53" EAST A DISTANCE OF 140.49 FEET; THENCE SOUTH 02°23'00 WEST A DISTANCE OF 556.34 FEET; THENCE SOUTH 07°25'15" WEST A DISTANCE OF 272.61 FEET; THENCE SOUTH 29'30'05" WEST A DISTANCE OF 231.32 FEET; THENCE SOUTH 50°31'58" WEST A DISTANCE OF 1475.69 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF STATE ROAD 434 ACCORDING TO FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT OF WAY MAP SECTION 77070-2516; THENCE CONTINUE SOUTH 50°31'58" WEST FOR A DISTANCE OF 143.34 FEET TO A FOUND 1/2" IRON ROD & CAP (LB 6723) AND THE SOUTHWESTERLY RIGHT OF WAY LINE OF SAID STATE ROAD 434, ALSO BEING THE POINT OF BEGINNING; THENCE ALONG THE NORTHERLY BOUNDARY OF ACQUISITION PARCEL "A" AS DESCRIBED IN OFFICIAL RECORDS BOOK 3988, PAGE 1075 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA, SOUTH 49°30'36" WEST FOR A DISTANCE OF 316.60 FEET TO A FOUND 4"X4" CONCRETE MONUMENT (LB 6723) AND TO THE SOUTHWESTERLY CORNER OF LANDS DESCRIBED IN EXHIBIT "A" (SWAP PARCEL 1) AS DESCRIBED IN OFFICIAL RECORDS BOOK 8856, PAGE 546 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; THENCE DEPARTING SAID NORTHERLY BOUNDARY, ALONG THE WESTERLY BOUNDARY OF SAID LANDS AND ALONG THE EASTERLY BOUNDARY OF LANDS DESCRIBED IN EXHIBIT "A" (SWAP PARCEL 2) AS DESCRIBED IN OFFICIAL RECORDS BOOK 8856, PAGE 553 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA, NORTH 39047'59"WEST, A DISTANCE OF 659.32 FEET TO A FOUND 4"X4" CONCRETE MONUMENT (LB 6723) AND THE Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 10 of 13 WESTERLY RIGHT OF WAY OF THE C.S.X. TRANSPORTATION INC. "LAKE CHARM BRANCH" RAIL CORRIDOR; SAID POINT BEING A NON TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 3707.33 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 03°26'01" WEST, 73.37 FEET; THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE, AND SAID WESTERLY RIGHT OF WAY, THROUGH A CENTRAL ANGLE OF 01 °08'02" FOR A DISTANCE OF 73.37 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071) AND THE END OF SAID CURVE; THENCE DEPARTING SAID WESTERLY RIGHT OF WAY, ALONG A CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF 230.00 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 70002'34" EAST, 93.83 FEET; THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 23032'22" FOR A DISTANCE OF 94.49 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071) AND THE END OF SAID CURVE; THENCE NORTH 59043'13" EAST, A DISTANCE OF 75.01 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071); THENCE NORTH 5002225" EAST, A DISTANCE OF 111.00 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071) AND TO THE AFORESAID SOUTHWESTERLY RIGHT OF WAY OF SAID STATE ROAD 434; THENCE ALONG SAID SOUTHWESTERLY RIGHT OF WAY, SOUTH 3904708" EAST, A DISTANCE OF 669.99 FEET TO THE POINT OF BEGINNING. Parcel 2: THAT PART OF LOT 8 BLOCK "A", OF TUSKAWILLA, ACCORDING TO THE PLAT OF D.R. MITCHELL'S SURVEY OF THE LEVY GRANT AS RECORDED IN PLAT BOOK 1, PAGE 5 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHWESTERN MOST CORNER OF LOT 31 ST. JOHNS LANDING AS RECORDED IN PLAT BOOK 53, PAGES 45 THRU 49 OF SAID PUBLIC RECORDS, SAID POINT BEING A RECOVERED CONCRETE MONUMENT ON THE EASTERLY RIGHT OF WAY LINE OF TUSKAWILLA ROAD (FORMERLY BRANTLEY AVENUE) AS RECORDED IN OFFICIAL RECORDS BOOK 3225, PAGE 1829 OF SAID PUBLIC RECORDS; THENCE RUN NORTH 59°31'38" WEST ALONG THE WESTERLY PROLONGATION OF THE SOUTH LINE OF SAID LOT 31 FOR A DISTANCE OF 15.00 FEET; THENCE RUN SOUTH 30004'55" WEST ALONG SAID EASTERLY RIGHT OF WAY LINE FOR A DISTANCE OF 5.00 FEET; THENCE CONTINUE SOUTH 30°04'55" WEST A DISTANCE OF 35.00 FEET; THENCE SOUTH 59°31'38" EAST, A DISTANCE OF 1132.34 FEET TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT HAVING A RADIUS OF 150.00 FEET; THENCE RUN SOUTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE AT 60036'00" FOR AN ARC DISTANCE OF 158.65 FEET TO THE POINT OF TANGENCY; THENCE SOUTH 01°04'22" WEST A DISTANCE AT 146.91 FEET; THENCE SOUTH 24°59'41 "WEST, A DISTANCE OF 318.72 FEET; THENCE SOUTH 00°00'00" EAST A DISTANCE OF 115.48 FEET; THENCE SOUTH 36°55'21" EAST A DISTANCE OF 217.54 FEET; THENCE SOUTH 15°19'53" EAST A DISTANCE OF 140.49 FEET; THENCE SOUTH 02°23'00 WEST A DISTANCE OF 556.34 FEET; THENCE SOUTH 07°25'15" WEST A DISTANCE OF 272.61 FEET; THENCE SOUTH 29'30'05" WEST A DISTANCE OF 231.32 FEET; THENCE SOUTH 50°31'58" WEST Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 11 of 13 A DISTANCE OF 1475.69 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF STATE ROAD 434 ACCORDING TO FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT OF WAY MAP SECTION 77070-2516; THENCE CONTINUE SOUTH 50°31'58" WEST FOR A DISTANCE OF 143.34 FEET TO A FOUND 1/2" IRON ROD & CAP (LB 6723) AND THE SOUTHWESTERLY RIGHT OF WAY LINE OF SAID STATE ROAD 434; THENCE ALONG THE NORTHERLY BOUNDARY OF ACQUISITION PARCEL "A" AS DESCRIBED IN OFFICIAL RECORDS BOOK 3988, PAGE 1075 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA, SOUTH 49°30'36" WEST FOR A DISTANCE OF 316.60 FEET TO A FOUND 4"X4" CONCRETE MONUMENT (LB 6723) AND TO THE SOUTHWESTERLY CORNER OF LANDS DESCRIBED IN EXHIBIT "A" (SWAP PARCEL 1) AS DESCRIBED IN OFFICIAL RECORDS BOOK 8856, PAGE 546 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; THENCE DEPARTING SAID NORTHERLY BOUNDARY, ALONG THE WESTERLY BOUNDARY OF SAID LANDS AND ALONG THE EASTERLY BOUNDARY OF LANDS DESCRIBED IN EXHIBIT "A" (SWAP PARCEL 2) AS DESCRIBED IN OFFICIAL RECORDS BOOK 8856, PAGE 553 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA, NORTH 39°47'59"WEST, A DISTANCE OF 659.32 FEET TO A FOUND 4"X4" CONCRETE MONUMENT (LB 6723) AND THE WESTERLY RIGHT OF WAY OF THE C.S.X. TRANSPORTATION INC. "LAKE CHARM BRANCH" RAIL CORRIDOR; SAID POINT BEING A NON TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 3707.33 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 03°26'01" WEST, 73.37 FEET; THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE, AND SAID WESTERLY RIGHT OF WAY, THROUGH A CENTRAL ANGLE OF 01 °08'02" FOR A DISTANCE OF 73.37 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071) AND THE POINT OF BEGINNING; THENCE CONTINUE ALONG SAID NON TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 3707.33 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 02020'00" WEST, 29.41 FEET; THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE, AND SAID WESTERLY RIGHT OF WAY, THROUGH A CENTRAL ANGLE OF 00°27'17" FOR A DISTANCE OF 29.42 FEET TO A FOUND 4"X4" CONCRETE MONUMENT (LB 220) ON THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 17 OF SAID PLAT OF D.R. MITCHELL'S SURVEY OF LEVY GRANT; THENCE CONTINUE ALONG SAID NON -TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 3707.33 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 01055'26" WEST, 31.04 FEET; THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE, AND SAID WESTERLY RIGHT OF WAY, THROUGH A CENTRAL ANGLE OF 00°28'47" FOR A DISTANCE OF 31.04 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071), SAID POINT BEING ON A NON TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 170.00 FEET, AND A CHORD BEARING AND DISTANCE OF NORTH 68°52'35" EAST, 63.61 FEET; THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 21033'57" FOR A DISTANCE OF 63.99 FEET TO A SET 5/8" IRON ROD AND CAP (LB 807 1) AND TO THE END OF SAID CURVE; THENCE NORTH 49-13'20" EAST, A DISTANCE OF 22.84 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071); THENCE NORTH 5002225" EAST, A DISTANCE OF 153.21 FEET TO THE AFORESAID SOUTHWESTERLY RIGHT OF WAY OF SAID STATE ROAD 434; THENCE ALONG SAID SOUTHWESTERLY RIGHT OF WAY, SOUTH 39°47'08" EAST, A Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 12 of 13 DISTANCE OF 72.00 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071); THENCE SOUTH 50022'25" WEST, A DISTANCE OF 111.00 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071); THENCE SOUTH 59°43'13" WEST, A DISTANCE OF 75.01 FEET TO A SET 5/8" IRON ROD AND CAP (LB 8071), SAID POINT BEING THE BEGINNING OF A NON TANGENT CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 230.00 FEET, AND A CHORD BEARING AND DISTANCE OF SOUTH 70°02'34" WEST, 93.83 FEET; THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 23032'22" FOR A DISTANCE OF 94.49 FEET TO THE POINT OF BEGINNING. Developer's Agreement City of Winter Springs and Winter Springs Retirement Residence LLC Page 13 of 13