HomeMy WebLinkAboutRegions Bank Developer's Agreement -2007 10 25
PREPARED BY AND RETURN TO:
Katherine W. Latorre, Esq.
Winter Springs Assistant City Attorney
~~ BROWN, GARGANESE, WELSS & D'AGRESTA, P.A.
P.O. Box 2873
Orlando, Florida 32802-2873
Niu~~i»~a~~an~~~~~~~i~~~i~~~n~~~~a~ut~
Y~VIIE t~iSE, CLERK ~ CIRCUIT CDIJRT
SEtiIP~E CITY
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l~QRDED 11/0517 lO:Ofi:25 AN
RECtTRDING FEES 197.00
DED BY T S~ith
DEVELOPER'S AGREEMENT FOR
REGIONS BANK
THIS DEVELOPER'S AGREEMENT FOR REGIONS BANK (this "A~reement") is
made and entered into as of thea~~day of C3C-~a b~ 2. , 2007 by REGIONS BANK, an
Alabama banking corporation, as successor by merger with AmSouth Bank, whose mailing
address is Galleria Tower, Suite 1600, Birmingham, Alabama 35244 (hereinafter referred to as
the "Owner") and the CITY OF WINTER SPRINGS, a Florida municipal corporation, whose
mailing address is 1126 East State Road 434, Winter Springs, Florida 32708 (hereinafter referred
to as the "C~').
WITNESSETH:
WHEREAS, the Owner is the fee simple owner of certain real property located within
the City in Seminole County, Florida, as more particularly described in Exhibit "A," attached
hereto and incorporated herein by this reference (the "Property"); and
WHEREAS, Owner intends to develop the Property as a commercial bank branch which
is open to the public; and
WHEREAS, Owner desires to facilitate the orderly development of the Property as
depicted on the site plan as approved by the City Commission on Mazch 12, 2007 and on file
with the City ("Site Plan"); and
WHEREAS, Owner seeks to deviate from certain signage requirements of the Winter
Springs Code of Ordinances ("City Code") with regard to the development of the Property; and
WHEREAS, section 20-474 of the City Code authorizes the City Commission to enter
into development agreements to vary the general design standazds of the State Road 434 New
Development Area; and
WHEREAS, the City has recommended and Owner has voluntarily agreed to enter into
this Agreement in order to memorialize the Commission's conditions of Site Plan approval for
the development of the Property; and
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Regions Bahl: /City of Winter Springs
I'a~e ] of 9
WHEREAS, City and Owner desire to set forth the following special terms and
conditions with respect to the development and operation of the Property.
NOW, THEREFORE, in consideration of the mutual promises contained herein, and
other good and valuable consideration, the receipt and sufficiency of which the parties hereby
acknowledge, the parties hereby agree as follows:
Section 1. Recitals. The above recitals aze true and correct and aze incorporated
herein by this reference and are hereby deemed a material part of this Agreement.
Section 2. Authori This Agreement is entered into pursuant to the Florida
Municipal Home Rule Powers Act, Florida Statutes § 166.011, et seq.
Section 3. Oblisations and Commitments.
A. Signage. Pursuant to section 20-474, City Code, the City hereby agrees to
vary the signage regulations for the Property as follows, as depicted on the Regions
Parkstone Winter Springs signage package dated May 8, 2007 and approved by the City
Commission on October 8, 2007, attached hereto as Exhibit "B" and fully incorporated
herein by this reference (the "Plans"):
i. Building-Mounted Signage. City hereby acknowledges and agrees
that Owner shall have the right to erect two (2) building-mounted signs as
depicted on the Plans (the "Building-Mounted Signs"). The Building-Mounted
Signs shall be 12.4 square feet each with one foot three inch (1'3") lettering as
depicted in the Plans, and the top of said signs shall not be located higher than
sixteen feet (16') from ground level. Owner shall maintain the Building-Mounted
Signs in a good condition and state of repair at all times and in compliance with
all applicable codes.
ii. Svmbol/Lo~o. City hereby acknowledges and agrees that Owner
shall have the right to install a triangular symbol in substantially the same form as
shown on the Plans (the "Symbol") which Symbol serves as an identifiable trade
symbol and logo of Owner. The Symbol shall be no lazger than one foot, three
inches (1'3") in height. Owner shall maintain the Symbol in a good condition and
state of repair at all times and in compliance with all applicable codes.
iii. Wall Signa~e. City hereby acknowledges and agrees that Owner
shall have the right to erect one (1) non-illuminated wall sign approximately
thirteen feet (13') inside the southern boundary of the Property as depicted on the
Plans. The Wall sign shall be 29.13 square feet in size and shall be erected upon a
six foot (6') tall brick wall that Owner shall construct in place of a portion of the
existing metal fence. The brick wall shall substantially conform to the existing
brick columns on the Property. Owner shall be permitted to install standazd low-
level landscaped up-lighting of the wall sign.
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Reeions Baiilc /City of winter Springs
Pale 2 of 9 V
iv. Si~nage Affecting Landscaping_ In the event any signage approved
in conjunction with the development of the Property affects existing landscaping,
tree replacement and/or mitigation shall be pursuant to the City's Tree Protection
and Preservation Ordinance in Chapter 5 of the City Code.
B. Green Space Preservation. As depicted on the Site Plan, the eastern and
northern most portions of the Property adjacent to the Pazkstone residential development
shall be preserved as green and open space and serve as a buffer for said residential
development (the "Green Space"). Owner shall be permitted to plant landscaping in the
Green Space in accordance with the landscape plan approved by the City Commission on
Mazch 12, 2007. Owner shall be entitled to locate underground utilities, drainage, and
other structures within the Green Space, provided that none of the above results in the
construction of any above-ground structures within the Green Space. However, Owner
reserves the right to locate a dumpster within the Green Space in the azea depicted on the
Site Plan by Site Note 26 "Future Location for Dumpster Enclosure" on page C1 of the
Site Plan. Owner may enter upon the Green Space to perform maintenance or any other
task which Owner elects to perform consistent with the terms of this Agreement and the
City Code. Nothing in this Section shall be interpreted to convey, dedicate, transfer, or
otherwise dispose of the Property or any portion thereof.
C. Cross-Seminole Trail Improvements. The Cross-Seminole Trail (the
"Trail") runs pazallel to State Road 434 at the location of the Property. The Trail is
owned by the Florida Department of Environmental Protection's Office of Trails and
Greenways, who subleases the trail to Seminole County. Owner agrees, subject to the
prior written consent of the owner and sublessee of the Trail, to provide for a landscaped
median and handrails along the Trail on the east and west sides of the access driveway
from State Road 434 into the Property ("434 Driveway"). The landscaped median shall
be constructed substantially similar in length and width to the landscaped median located
at the intersection of the Trail and Pazkstone Boulevard and shall be subject to approval
by the City. The handrails shall be located along the north side of the Trail east of the
434 Driveway and along the south side of the Trail west of the 434 Driveway and shall be
subject to approval by the City.
D. Drivewa, Py avers. Owner and City acknowledge and agree that they prefer
that the 434 Driveway be constructed with pavers. To that end, Owner agrees to
diligently pursue the installation of pavers from the southern-most boundary of the
Property to 55 feet within the Property line for the entire width of the 434 Driveway. The
pavers shall be approved by the City Manager prior to installation. If Owner is unable to
install pavers as set forth herein, Owner shall negotiate with the City Manager to
determine an alternative, decorative improvement to the 434 Driveway that is mutually
agreeable to all the aforementioned parties. Any improvements to the 434 Driveway
pursuant to this section shall be agreed upon by the parties prior to the commencement of
construction or installation thereof.
DEVELOPER'S .AGREEMENT FOR REGIONS BANK
Regions Bank /City of Winter Springs
y Pave 3 of 9
E. Thirty Foot Turning Radius. Owner hereby agrees that, subject to the prior
written consent of the Florida Department of Transportation ("FDOT"), the 434 Driveway
shall be constructed to have a thirty (30) foot turning radius from the end of the right-of-
way of State Road 434 to the southern Property line.
F. No Saturday Operations. Owner hereby covenants and agrees that the
commercial bank branch which it plans to construct and operate on the Property will be
closed to the public on Saturdays during the duration of the operation of such commercial
bank branch, or any subsequent bank branch operated on the Property.
G. Pazking Spaces. In furtherance of preserving the Green Space on the
Property pursuant to Section 3.B., Owner agrees to reduce the number of parking spaces
on the Property by five (5) parking spaces, resulting in a total of twenty-four (24) regular
parking spaces and one (1) handicap parking space on the Property.
Section 4. 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 pazticulaz City, County, State
and/or Federal permit, condition, term or restriction shall not relieve Owner 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 Owner is in breach of any term and condition of this Agreement. Should any term or
condition of this Agreement conflict with any provision of the City Code, this Agreement shall
prevail.
Section 5. Notice. Any notice delivered with respect to this Agreement shall be in
writing and be deemed to be delivered (whether or not actually received) (i) when hand delivered
to the other party at the address appearing on the first page of this Agreement, (ii) when
deposited in the United States Mail, postage prepaid, certified mail, return receipt requested,
addressed to the party at the address appearing on the first page of this Agreement, or (iii) the
next day after delivery to a nationally recognized overnight delivery service. Either party may
change the address for receiving notices or other communication by not less than three (3) days
prior notice in accordance with this Section.
Section 6. Successors and Assigns. This Agreement shall automatically be binding
upon and shall inure to the benefit of the City and Owner 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.
Section 7. 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.
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Regions Bank /City of V~~inter Springs
Page 4 of 9
Section 8. Applicable Law. This Agreement and the provisions contained herein
shall be construed, controlled, and interpreted according to the laws of the State of Florida.
Section 9. Time of the Essence. Time is hereby declared of the essence to the lawful
performance of the duties and obligations contained in this Agreement.
Section 10. Entire Agreement; Amendment. This Agreement constitutes the entire
agreement between the parties, and supersedes all previous discussions, understandings, and
agreements with respect to the subject matter hereof. This Agreement shall not be modified or
amended except by written agreement duly executed by the parties hereto or their successors or
assigns and approved by the City Commission.
Section 11. Further Documentation. The parties agree that at any time following a
request therefor by the other party, each shall execute and deliver to the other parry such further
documents and instruments, in form and substance reasonably necessary to confirm and
effectuate the obligations of either party hereunder.
Section 12. Attorneys' Fees. In connection with any arbitration or litigation arising
out of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees
and costs through all appeals to the extent permitted by law.
Section 13. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original but all of which together shall
constitute one and the same instrument.
Section 14. Captions. Captions of the Sections and Subsections of this Agreement
are for convenience and reference only, and the words contained therein shall in no way be held
to explain, modify, amplify or aid in the interpretation, construction, or meaning of the
provisions of this Agreement.
Section 15. Severability. If any sentence, phrase, section, paragraph, provision, or
portion of this Agreement is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct, and independent
provision and such holding shall not affect in any respect the validity or enforceability of the
remaining portion hereof.
Section 16. Recordation. This Agreement shall be recorded in the Public Records of
Seminole County, Florida, promptly after execution hereof.
Section 17. Relationship of Parties. The relationship of the parties to this
Agreement is contractual and Owner 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 towazd third persons or the
public in any manner, which would indicate any such relationship with the other.
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Regions Bank / Ciry of Winter Springs
Page 5 of 9
Section 18. Sovereign Immunity. Nothing contained in this Agreement shall be
construed as a waiver of the City's right to sovereign immunity under Section 768.28, Florida
Statutes, or any other limitation on the City's potential liability under the state and 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 one hundred thousand dollazs ($100,000.00), or
any claim or judgment, or portion thereof, 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 two hundred thousand dollars ($200,000.00). This pazagraph
shall survive termination of this Agreement.
Section 19. City's Police Power. Owner hereby 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 bazgaining away or surrendering its police powers.
Section 20. Interpretations. The parties hereby agree and aclaiowledge that they
have both participated equally in the drafting of this Agreement and no party shall be favored or
disfavored regarding the interpretation of this Agreement in the event of a dispute between the
parties.
Section 21. Third Party Rights. This Agreement is not athird-parry beneficiary
contract and shall not in any way whatsoever create any rights on behalf of any third parry.
Section 22. Effective Date. The Effective Date of this Agreement shall be the day and
year first above written.
Section 23. Default; Opportunity to Cure. Should either party desire to declaze 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.
Section 24. Termination. The City shall have the unconditional right, but not
obligation, to terminate this Agreement, without notice or penalty, if Owner fails to receive
building permits and substantially commence construction of the commercial bank building
within three (3) years of the effective date of this Agreement. If the City terminates this
Agreement, the City shall record a notice of termination in the public records of Seminole
County, Florida.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their duly authorized officers as of the day and year first above written.
DEVELOPER'S AGREEMENT FOR REGIONS BA1vTK
Regions Bank /City of winter Springs
Page 6 of 9
CITY WINTER SPRINGS .•~,`""~"'
o,.. ~ ~,
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John F. Bush, ayor ' ~~ a ~j McGini4~.s
I~ep~ty Mayor
;,~ ~ ~ is
ATTEST: ~=t.i = '~~'f ~~ • ~~
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An orenzo Luaces, City Clerk
.-
APPROVED AS TO FORM AND
LEGALITY
For the use and reliance of the City of
Winter Springs, Florida, only.
Dated: ~v a~~?
By: ,
Anthony Garganese, City Attorney for the
City of Winter Springs, Florida
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Reions Bank ; Cite of V1'inter Springs
]'a~~e 7 of 9
OWNER:
WITNESSES:
Name: ,,a-. o o w , -r~
: !?~ ~u 1I7~~ I l
REGIONS SANK, an Alabama banking
corporation, as successor by merger with
AmSouth Bank
By:
Name: ~ c '
Title: ~"~s~
STATE OF A )
COUNTY O ~ ~ L-_ )
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the
State an County aforesa' take acknowledgments, personally appeared
YYl S Y~ i d ~ +~-~- of REGIONS BANK, Alabama
bankin corporation, as successor by merger with AmSouth Bank, who is [personally
kn ' o me or ~~ has produced _ as identification.
Ln7a5hia Monique Clay otary Public -State of~lorfda l;,a.I~~1
~"~ '~ E~ndNo.b$946943P!
yg Plotary Public for the State of Alabama
Rr p" Commission Expires: February 18, 2003 Printed Name
My Commission Expires:
DEVELOPER'S AGREEMENT FOR REGIONS BANK
Regions Bank /City of Winter Springs
Page 8 of 9
Exhibit "A"
The Property
TRACT D, PARKSTONE UNIT 1, A REPEAT OF A PORTION OF BLOCKS C AND D, D.E. MITCHELL'S
SURVEY OF THE LEVY GRANT ON LAKE JESSUP, PLAT BOOK 1, PAGE 5 AND CHASE AND
COMPANY'S SUBDMSION OF VJAGNER, PLAT BOOK 6, PAGE 64, LOCATED IN SECTIONS 35 AND 36,
TOWNSHIP 20 SOUTH, RANGE 30 EAST, ACCORDING TO PLAT RECORDED IN PLA'~ BOOK 56, PAGE
17, OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA.
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DEVELOPER'S AGREEA~fENT FORREGIONS BANE:
Regions hanl: /City of 1~1~'inter Springs
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PARKSTONE WINTER
SPRINGS
WINTER SPRINGS,FL.
EXHIBIT
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PARKSTONE WINTER SPRINGS
T2.FL.C.DLA0.2
Winter Springs, Florida
May 8, 2007
Please review the attached signage package and site plan. After review, please sign the Site
Plan Authorization sheet and retuni.
The signage recommendations for the above referenced location are as follows:
I2.~
Building Signs: Two (1)~quare Foot White Faced, Illuminated Channel Letters sets .~q.J•~
g .One Custom White Faced, Non -Illuminated Channel Letter set for ~ ~
perimeter brick wall 6 N U .M
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Recessed ATM Canopy Sign: (ATMR6-CAB) Standard 1'-1" x 6'-1" Illuminated ATM
sign installed above the drive thru.
Directional Signs:
Three (3) -Four square foot Directional Signs -Variable Copy (D4)
One (1) -Standard Thumbprint Sign (INFO-24P) -Post Mount
One (1) - "Do Not Enter" Regulatory Sign (DNE} -Wall Mount.
Commercial Lane: One Standard "Commercial Lane" Sign (REG-COMLN2-DNVO)
Clearance Sign: Four (4) Standard "Clearance" Signs (REG-CLEAR2-DNVO)
Address Numbers: Standard 6" Vinyl "Address" Numbers (REG-ADDRESS)
Coming Soon Sign: One V-Shaped "Regions Coming Soon Sign" 64 square feet. Sign to
be installed at start of construction pending city requirements.
Now Open Banner: One 4' x 8' Double-Sided "Regions Bank Now Open" Banner.
Banner will be sent to the Facility Manager to install just prior to grand opening.
Due to possible municipality sign code changes and/or developer restrictions this
recommendation could change at any time prior to securing sign installation permits.
Signage identification questions may be directed to Scott Archer, AmSouth Bank, 3000
Galleria Tower, Suite 1600, Birmingham, AL. 3536
PHASE III SIGN EVALUATION
SITE PLAN
REGIONS BANK
T2.FL..C.DLA0.2
S.R.434 & PARKSTONE BLVD
WINTER SPRINGS, FL
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PROPOSED SITE SIGN LAYOUT
SIGN KEY SIGN DESCRIPTION
1 -REG-ILISWL-RM ONE 15 "WHITE REMOTE T NSFORMER CHA L
2 -. REG-ILISWL-RM ONE 15° WHITE REMOTE TRA FORMER CHANNEL
3 -REG-N136WL-F ONE 36"NON-ILLUMINATED WH REMOTE CHANN
4 - REG-D4 DIRECTIONAL SIGNS -VARIABLE PY (4 square fee
5 - REG-D4 DIRECTIONAL SIGNS- VARIABLE CO 4 square feet
6 - REG-D4 DIRECTIONAL SIGNS- VARIABLE COPY quare feet
REG-INF-24-P ONE (1) POST MOUNTED THUMBPRINT
REG-ATMR6 ONE (1) RECESSED ATM (CANOPY) SIGN
REG-R3W-DNE ONE (1) "DO NOT ENTER" WALL MOUNTED
REG-COMLN2-DNVO ONE (1) COMMERCIAL LANE SIGN
REG-CLEAR2-DNVO FOUR (4) CLEARANCE LANE SIGNS
REG-ADDRESS ONE (1) STREET ADDRESS VINYL
• INCLUDES SELLER DECLARAl10NS
SITE PLAN AUTHO RIZATION :
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