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HomeMy WebLinkAboutChau Family Holdings III, LLC First Modification to Development Agreement 2024 01 31Grant Maloy, Clerk Of The Circuit Court & Comptroller Seminole County, FL Inst #2024009605 Book:10573 Page:1323-1327; (5 PAGES) RCD: 2/1/2024 11:00:05 AM REC FEE $44.00 THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Anthony A. 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 FIRST MODIFICATION TO DEVELOPMENT AGREEMENT Winter Springs Medical Office THIS FIRST MODIFICATION TO DEVELOPMENT AGREEMENT ("First Modification") is made and executed this . 1 day of �(;iuc �; 20 L4 12029 by and between the CITY OF WINTER SPRINGS, a Florida Muni6pal Corporation ("City"), whose address is 1126 East S.R. 434, Winter Springs, Florida 32708, and CHAU FAMILY HOLDINGS III, LLC, a Florida Limited Liability Company, whose address is 1287 Semoran Boulevard, Suite 200, Orlando, Florida 32807 ("Developer"). WITNESSETH: WHEREAS, The Developer and the City have entered into and executed that certain Development Agreement for Winter Springs Medical Office, dated November 9, 2020, and recorded in the Official Records of Seminole County at Book 9768, Pages 982-995 (the "Development Agreement"); and WHEREAS, the Development Agreement governs the development of approximately 5.15 acres, more or less, of real property located west of the intersection of Hacienda Drive and S.R. 434, in Winter Springs, Seminole County, Florida, and which has a tax parcel identification number of 34-20-30-5AW-0000-048A ("Property"); and WHEREAS, the Developer desires to amend the Development Agreement to add certain additional uses to the list of uses permitted on the Property; and WHEREAS, the Developer and the City desire to memorialize in writing their mutual understanding regarding certain aspects of the development on the Property under the terms and FIRST MODIFICATION TO DEVELOPMENT AGREEMENT City of Winter Springs and Chau Family Holdings III, LLC Page I of r Book 10573 Page 1324 Instrument# 2024009605 conditions set forth in this First Modification to Developer's Agreement for Winter Springs Medical Office; and WHEREAS, in addition to Owners' compliance with all provisions of the Development Agreement, City Codes, and permitting and construction not in conflict with or addressed herein, the City and Developer desire to set forth the following additional terms and conditions. NOW, THEREFORE, in consideration of the mutual promises, covenants, and agreements set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree to amend the Development Agreement as follows: 1.0 Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference. 2.0 Authority. This First Modification is entered into pursuant to the Florida Municipal Home Rule Powers Act. 3.0 Amendment to Development Agreement Permitted Uses. Section 4.2 — Specific Conditions of Approval — Subsection H. is hereby amended to add the following uses to the list of uses which are permitted on the Property. 16. Drug and sundry stores 17. Health spas 18. Hair and beauty salons (including nail salons) 19. Alcoholic beverage on -premises consumption, limited to beer and wine only 4.0 Amendment to Development Agreement Notices. Section 26 — Notice — is amended as follows. For the City: Attn: City Manager City of Winter Springs 1126 East S.R. 434 Winter Springs, Florida 32708 5.0 Other Terms and Conditions. All other provisions of the Development Agreement not otherwise modified by this First Modification shall remain in full force and effect with respect to the Property. 6.0 Effective Date. This First Modification shall become effective upon approval by the City Commission and execution of this First Modification by both parties hereto. 7.0 Recordation. Upon full execution by the parties, this First Modification shall be recorded in the Public Records of Seminole County, Florida, by the City. The Developer shall be responsible for all recording fees associated with this Agreement. FIRST MODIFICATION TO DEVELOPMENT AGREEMENT City of Winter Springs and Chan Family Holdings III, LLC Page 2 of,5 Book 10573 Page 1325 Instrument# 2024009605 IN WITNESS WHEREOF, the parties have executed this Binding Development Agreement as of the date first written above. ATTEST: Christian Gowan, City Ct6rk Date: APPROVED AS TO FORM AND LEGALITY FOR THE CITY OF WINTER SPRINGS ONLY Anthony A. G rganese, City Attorney Date: —01h q STATE OF FLORIDA COUNTY OF CITY OF WINTER SPRINGS: Wc- Kevin McCann, Mayor Date: The foregoing instrument was acknowledged before me by means of [] physical presence or [ ] online notarization, this `� 4 day of � �. ��� � 2024, by Kevin McCann, the Mayor of the City of Winter Springs, a Florida Mun"cipal Corporation, on behalf of the. Corporation, who is personally known to me or who produced as identification. (NOTARY SEAL) N Notary Public State of Florida Tristin M MotterON A My commission GG 953677 Expires 02/02/2024 Notary Public Signature Print Name:�� 1 � vvbAk' P Notary Public State of: C f 41.J t Commission No.: 'i My Commission Expires: U FIRST MODIFICATION TO DEVELOPMENT AGREEMENT City of Winter Springs and Chau Family Holdings III, LLC Page 3 of 5 Book 10573 Page 1326 Instrument# 2024009605 WITNESS: 17 Print Name: , l STATE OF FLPRIDA COUNTY OF t fI'1'li1101}} f CHAU FAMILY HOLDINGS III, LLC: Print Name: Title: The foregoing instrument was acknowledged before me by means of [_,Kj physical pr sence or [ ] online notarization, this JQJ day of 2 20 1 23, by on L � CMu the Oljney of dfiau Family Holdings III, LLC, a limited liabilitycompany, on behalf of the company, who is personally known to me or who produced F L L as identification. (NOTARY SEAL) �ri� •., ®Notary � NAYELI REYNOSO Public • State of Florida commission M HH 426514 oFrti My Comm. Expires Jul 26, 2027 Bonded through National Notary Assn, No c ignature Print Name: i ��?'j Notary Public State of: L c Commission No.: My Commission Expires: FIRST MODIFICATION TO DEVELOPMENT AGREEMENT City of Winter Springs and Chau Family Holdings III, LLC Page 4 of 5 Book1O573 Page 1327 |notrumanb#2O24OOQGO5 PROPERTY LEGAL DESCRIPTION LEGAL DESCRIPTION - WINTER SPRINGS MEDICAL OFFICE THAT PART Of LOTS 48AND 49. ENTZK8|NGEK FARMS ADDITION No. Z, AS RECORDED IN PLAT BOOK 5, PAGE 9, PUBLIC RECORDS OF 6Ek1|N0iE COUNTY, FLORIDA, DESCRIBED AS FOLLOWS: FROM THE INTERSECTION OF THE SOUTHERLY RIGHT OF WAY LINE OF STATE ROAD NO. 444ANDTHE EASTERLY RIGHT 0FWAY LINE OF W1O\5 ROAD; RUN SOUTH88°l3'42" FAST ALONG SAID SOUTHERLY RIGHT OF VV/0/ LINE OF STATE ROAD NO. 494 A DISTANCE OF 999.34 FEET TO THE POINT OF CURVATURE OF A (URVECONCAVE NORTHERLY AND HAVING 4RADIUS 0F131080FF[T;THENLERUN EASTFRLYAiDNG THE ARC OF SAID CURVE 343.80 FEET THROUGH A CENTRAL ANGLE OF 14"48'38" FOR THE POINT OF BEGINNING; THENCE LONT|NUL EASTERLY ALONG THE ARC OF SAID CURVE 96.35 FEET THROUGH A CENTRAL ANGLE OF 04009'03" TO THE POINT mFTANGEN[Y; 'THENCE RUN NORTH 72"38'37" EAST 759.88 FEET; THENCE LEAVING SAID SOUTHERLY RIGHT 0FWAY LINE OF STATE K0A0 NO. 434, RUN SOUTH 17^21'2�" EAST, 21.40 FEET; THENCE NORTH 72,18'47" EAST, 34.00 FEET; THENCE SOUTH 17°21'23" EAST, 173.60 FEET; THENCE SOUTH 32^36'44" EAST, 57.01 FEET; THENCE SOUTH 72038'37" WEST 808.88FEET T0THE POINT OFCURVATURE OFACURVE CONCAVE NORTHERLY AND HAVING 4 RADIUS OF 1580.00 FEET; THENCE RUN WESTERLY ALONG THE AR[ OF SAID CURVE 114.46 FEET TUk0V6H A CENTRAL ANGLE OF 01009'03" TO A POINT; THENCE |FAV|N6 SAID CURVE RVN NORTH 13"12'2U"WEST 250.UUFEET T8THE POINT UFBEGINNING. TOTAL AREA - CONTAINS 224,508 SQUARE FEET OR 5.1539 ACRES MORE OR LESS. FIRST MODIFICATION TO DEVELOPMENT AGREEMENT City ofWinter Springs and CbuuFamily Holdings O{`LLC Page 5of§