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HomeMy WebLinkAbout2003 05 27 Regular B.2 Affordable Housing Apartments COMMISSION AGENDA May 27. 2003 Meeting Consent Information Public Hearine Reeular X ITEM B.2 MGR, ~ept. REQUEST: Community Development Department requesting Commission approve a development agreement for a multi-family development on an approximately IS-acre tract located on the north side ofSR 434, between the Winter Springs Golf Club and the Golf Terrace Apartments. PURPOSE: The purpose of this Agenda Item is to request that the Commission approve a development agreement addressing issues and concerns pertinent to developing approximately IS-acres of treed uplands and wetlands, located on the north side of SR 434, into as many as 120 affordable housing apartments. APPLICABLE LAW: Section 166,021, Florida Statutes, (1) As provided in s. 2(b), Art. VIII of the State Constitution, municipalities shall have the government, corporate, and proprietary powers to enable them to conduct municipal government, perform municipal functions, and render municipal services, and may exercise any power for municipal purposes, except when expressly prohibited by law. (2) "Municipal purpose" means any activity or power which may be exercised by the state or its political subdivisions. 1 '-- May 27,2003 Regular Item B Page 2 of2 FINDINGS: 1. The development agreement is authorized pursuant to the Municipal Home Rule Powers Act, as provided in s 2(b), Article VIII of the Florida Constitution and Chapter 166, Section 166.021, Florida Statutes. 2. The development agreement is consistent with the City's Comprehensive Plan and Code of Ordinances. 3. The development agreement provides for reasonable use of the subject property, while addressing issues and concerns pertinent to the proposed use of the site. 4. On March 24, 2003, the City Commission granted a conditional use for multi-family development of as many as 8.0 dwelling units per acre on the approximately IS acre site. S. On March 31, 2003, the City Commission and Davis Heritage agreed to a mutually beneficial financing agreement. CONSIDERATIONS: On March 24,2003, the City Commission granted a conditional use to allow multi-family development on this site in the C-l zoning district (within the SR 434 Redevelopment District) at a density of as many as 8.0 dwelling units to the acre (120 maximum units). At a special City Commission meeting, March 31, 2003, the City Commission and Davis Heritage agreed on a mutually beneficial financing program. The City Attorney stated that a number of issues associated with the proposed development should be addressed formally in a development agreement. A conceptual site plan has been provided, but no site plan review (preliminary or final) has been requested, applied/paid for, or provided. RECOMMENDATION: Staff recommends that the City Commission approve the attached development agreement, subject to payment of the $300 fee. ATTACHMENTS: A - Development Agreement, as drafted by the City Attorney. B - Conceptual site plan with architectural renderings (11" x 17") COMMISSION ACTION: 2 ATTACHMENT A REV1Sl!.J.> J.>R.\FT 5.20-03 J>rP.Jl;lr~d by ~nd rt'lum 1"(\: Anlh,..,,)' A. C;all::\DUl', Esquirl.' BI'O\l'n, SalT.II\an, Wrh~ & G"r~;mesc. P..'\.. Pf)~t Ot"fi(G &t :!M73 Orl:mdo. Flol'ida 321101-.2f.l73 (407) 42S..!J566 CONCEPTUAL BINDING DEVELOPMENT AGREEMENT This CONCEPTUAL BINDING DEVELOPMENT AGREEMENT is made and entered into as of this _ day of May, 2003 by and between the CITY OF WTNTER SPRiNGS, fLORIDA, a Florida municipal corporation and CYPRESS POINTE AT WINTER SPRINGS, T.m ,a Florida limited partnership. RECITALS: WHEREAS, this Agreement is entered into pursuant to the Florida Municipal Home Rule Powers Act; and WHEREAS, pursuant to that certain Purchase and Sale Agreement between Big Cypress Associates, Ltd., a Florida limited partnership, as sellers, and Cypress Pointe at Winter Springs, Ltd , a Florida limited partnership, as purchasers, dated March 13, 2003, Cypress Pointe is the contract purchaser and will be the own'er and developer of approximately fifteen (15) acres ofland located in the City of Winter Springs which is more particularly described herein; and WHEREAS, on March 24, 2003, the City granted a c.onditional use permit for the Property to allow the construction of multi-family units not to exceed eight (8) dwelling units per acre; and WHEREAS, Cypress Pointe and the City desire to memorialize their understandings and agreement regarding their respec.tive interests, expectations, and intentions contained in this Agreement. NOW THERE If ORE in consideration of the terms and conditions set forth in this Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged by the parties, the City Clnd Cypress Pointe agree to the following: 1,0 Incorporation of Recitals. The foregoing recitals are true and correct and are hereby fully incorporated herein by this reference as a material part of this Agreement. Page ] or 11 ~~I(:~ <l6ed ~V~dL8: ~ 80' ~~.^eV'J ~96S6 S~t LOt ~'V'dISSI3M~NVV'JZlVS'O~VM"NMO~8 :^8 ~U<lS REVISF.D DRAFT 5-20-03 2,0, Definition~. Unless the context dearly indicates otherwise, the following words and phrases when used in this Agreement shall have the meaning ascribed below: 2. 1 "Big Cypress" shall mean Big Cypress Associates, Ltd., a Florida limited partnership. 2.2 "City" shall mean the City of Winter Springs, a Florida municipal corporation. 2.3 "Cypress Pointe" shall mean Cypress Pointe at Winter Springs, Ltd., a Florida Limited Partnership. 2.4 "Property" shall mean the real properly subject to this Agreement and legally described on Exhibit" A" which is attached hereto and fully incorporated herein by this reference. 2.5 "Conceptual Site Plan" shall mean the conceptual site plan and preliminary building elevations which Cypress Pointe agrees to permit and develop on the Property under the terms and conditions of this Agreement and which is attached hereto as composite F.xhibit "B" and n.Illy incorporated herein by this reference. 2.6 "Agreement" shall mean this Agreement made and entered into by and between the City of Winter Springs, Florida, a Florida municipal corporation and Cypress Pointe at Winter Springs, Ltd., a Florida limited partnership. including all exhibits and written modifications thereto. 3,0 Conceptual Plan Approval. 3.1 The City hereby approves the Conceptual Site Plan, subject to the terms and conditions of this Agreemt::nt. 3.2 Cypress Pointe acknowledges and agrees that the Conceptual Site Plan is only conceptual and is subject to additional approvals and permits being granted by the City and other governmental agencies. which mayor may not be granted. Cypress Pointe also acknowledges and agrees that the City does not represent or guarantee that the additional approvals and pennits will be granted and if said approvals or permits are not granted, Cypress Pointe will not be able to permit and develop the Conceptual Site Plan. j 3 Notwithstanding the aforesaid, in consideration of the mutual promises and considerations set forth in this Agreement, Cypress Pointe intends to use its best efforts to permit and develop the Conceptual Site Plan on the Property subject to the Page 2 of 11 ec/8~ aBBd ~~d88:~ 80'~e-IiBV>J ~96S6 Sev LOv ~ '~'dISSI3M~N~V>JZl~S'08~MINM088 :1i8 ~uas REVISED DRAF'f 5.10-03 terms and conditions stated herein. Further, if the final site plan, landscape plan, and engineering plan are approved for the project by the City, said plans shall be in substantial conformity with the Conceptual Site Plan unless otherwise approved by the City during the City's development permit process. 4.0 purchase of Property. Cypress Pointe will promptly use all reasonable and best eOorts to complete the acquisition of the Property pursuant to its existing contract rights and provide written notice of the acquisition to the Cily. However, in the event that Cypress Pointe does not acquire fee simple ownership of the Cypress Pointe Property by the dosing date set forth under the terms of the existing purchase contract, then this Agreement shall be automatically terminated and nullified, in which event the parties' obligations under this Agreement shall be and become null and void and of no further effect. Cypress Pointe shall promptly provide the City written notice if Cypress Pointe fails to close on the Cypress Pointe Property. 5.0 l:ntrancew3'Y: Traffic: and Liehtine. In addition to any requirements established by law, Cypress Painte agrees as follows: 5.1 The parties acknowledge that the entranceway depicted on the Conceptual Site Plan is aligned with a three-way traffic signal located on State Road 434. Cypress Pointe acknowledges and agrees that the traffic signal may be relocated as a result of development plans currently ongoing within the City and City of Casselberry and that Cypress Pointe will not object to said relucation. 5.2 Cypress Pointe shall be 'required to pay all costs incurred with the traffic signal directly relating to the Conceptual Site Plan including, but not lircited to, converting the traffic signal to a four-way signal. 5.3 Cypress Pointe shall submit to the City, as part of the final site plan submittal, a traffic study which shall address, at a minimum, traffic generation, A.M. and P.M. peak-hour traffic numbers and movements, affected intersections, deceleration lanes, eastbound left-turn lane, internal movements, off-site improvements, and traffic lights. Said study shall be performed by a licensed engineer experienced in traffic management after said e.ngineer coordinates the methodology of the study with the City's traffic engineering consultant. 5.4 Cypress Pointe acknowledges and agrees that the City may require Cypress Pointe to design, permit, and construct a deceleration lane to service the Property as part of the tinal site plan approval. Page :3 of 1 J ee!v~ aBed !V'Jd88: ~ 80- ~e'Ae~~ !96S6 Set LOt ! '~'d'SSI3M~N~~Zl~sla8~M'NM088 :A8 ~ues RtV1sEn DRAFT S-20.o3 5.5 Cypress Pointe acknowledges and agrees that the maximum height of any and all street and parking lights on the Property shall be limited to t wt:nly (20) feet in height. The maximum off-site spillage shall be one-half (.5) foot candle unless the city requires, at final site plan approval, less foot candle spillage along certain boundaries of the Property to address the legitimate lighting concerns o[sun-ounding pn.lp~nies, 6.0 SR 434 Landscape Easement. Cypress Pointc acknowledges and agrees that the City is currently implementing a landscape redevelopment plan along State Road 434, Tn futherance of this plan, Cypress Pointe agrees to attempt to arrange for Big Cypress to convey to the City 111andscape easement, ten (10) feet in width, along the entire length of the Property abutting State Road 434, In the event Cypress Pointe is not successful in arranging for Big Cypress to convey said easement, Cypress Pointe shall convey the easement at such time Cypress Pointe receives title to the Property. The City shall bear the expense related to installing and maintaining the landscape improvements located in the easement area. A copy of the landscape easement is attached herelo and fully incorporated herein by tltis reference as Exh ibit "c." 7,0 Dwelling Units Per Acre. The Property shall be limited to a maximum of eight (8) dwelling units per aere 8.0 Periodic Review, This Agreement shall be subject to periodic review by the parties, Periodically, the City and Cypress Pointe agree to cooperate and meet in good faith to discuss the progress made under this Agreement and whether any amendments should be made to this Agreement in funherance of each others' mutua) interests, 9.0 Cooperation. Cypress Pointe and the City shall cooperate fully with each other to effectuate the terms, conditions and intentions of this Agreement. Tn connection with City development permit approvals necessary to effectuate the Conceptual Site Plan, the City agrees to process Cypress Pointe's development permit applications in good faith and in a prompt, diligent manner. 10.0 Authority. Each party hereby represents and warrants to the other that they have full power and authority to enter into this Agreement. Cypress Pointe also represents that it is duly authorized to bind the Cypress Pointe Property to the terms and conditions contained in this Agreement. Cypress Pointe also represents that all legal and equitable title to the Property will be vested in and held by Cypress Ptlge 4 of 11 C:C:1S~ aBed !Vida8:~ 80.~c:.^e~ !96S6 SC:P LOP ! "'V'd'SSI3M'8NVViZl'VS'ml'VM'Nr'l\088:A8 :l-uas REVISED DRAFT ~20-03 Pointc upon closing of the ex.isting purchase contract for the Property. The City also represents that all requirements and procedures, including public hearings, have been properly conducted so that the execution hereof by the City shall constitute the final action of the City. J 1.0 Notice". Any notice required or allowed to be delivered hereunder shall be in writing and shall be d~emed 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 service, e.g. Federal Express, PurolatOr, Airborne, Express Mail, etc., addressed to a party at the other address as specified below or from time to time by written notice to the other party delivered in accordance herewith: Cypress Pointe: With copy to: City: With copy to. Ms. Lisa Stephens Cypress Pointe at Winter Springs, Ltd. 20725 S.W. 46th Avenue Newberry, Florida 32669 Phone: (352) 472-7773 .Fax: (352) 472-5969 Jim Stockman, Esquire Attorney at Law 20725 S.W. 46th Avenue Newberry, Florida 32669 Phone: (352) 472-9310 Fax: (352) 472-8083 Ronald W. McLemore, City Manager City of Winter Springs 1126 East State Road 434 Winter Springs, Florida 32708 Phone: (407) 327-5957 Fax: (407) 327-6686 Anthony A. Garganese, Esquire City Attorney of Winter Springs Brown, Salzman, Weiss & Garganese, P.A. 225 East Robinson Street, Suite 660 Orlando, Florida 32801 Phone: (407) 425-9566 Fax: (407) 425-9596 Page 5 of I I eel9~ OlBBd ~f~d68: ~ 80- ~e'^B~ ~96S6 Set LOt ~ '~'dISSI3M~N~~Zl~SI08~M"NM089 :^8 +UOlS REVISED DRArI' 5.10..03 12,0 Defaults. Failure by either party to perform each and every one of its obligations hereunder, or any violation of the City Code by Cypress Pointe or its contractors, shall constitute a default, entitling the nondefaulting party to pursue whatever remedies are available to it under Florida law or equity including.. without limitation, an aClion for specific performance and/or injum.1ive relief. Prior to any party filing any action as a result of a default under this Agreement. the nondefaulting party shall first provide the defaulting party with written notice of said default. Upon receipt of said notice, the defaulting party shall be provided a thirty (30) day opportunity in which to cure the default to the reasonable satisfaction of the nondefaulting party prior to filing said action. The cure period may be extended by mutual agreement of the parties. The nondefaulting party shall have the right to terminate this Agreement if the default is not timely cured and the detaulting party shall immediately lose all rights and privileges granted hereunder. Furthermore, if the City declares a default under this Agreement, the City shall have the right to suspend the issuance of any and all City pennits, or construction occurring on the PropeT[y under this Agreement, until the default has been fully cured by Cypress Pointe. 13,0 Successors and Assi1!n5, This Agreement shall automatically be binding upon and shall inure to the benefit of the successors and assigns of each of the parties. 14.0 Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. 15,0 Amendments. This Agreement shall not be modified or amended except by written agreement duly executed by both parties hereto. 16.0 Entire Agreement. This Agreement supersedes any other agreement, oral or written, and contains the entire agreement between the City and Cypress Pointe as to the subject matter hereof. 17,0 Severability, If any provision of this Agrt:ement shall be hdd 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 ofthe remainder of this Agreement Page 6 of 11 ZZIL~ a6Bd ~~d6€:~ €o.~z.^e:\~ ~96S6 SZv LOv ~ ''l,1'd'SSI3M'4'N'l,1\^JZl'l,1S'mflfM'NMOtl8 :"\8 :j.uas REVISED DUff S.2(}"OJ 18.0 Effective :Date, This Agreement shall become effective upon approval by the City Commission of Winter Springs and execution of this Agreement by both parties (the "Eftective Date"). 19.0 Recordation. This Agreement shall be recorded in the public records of Seminole County, Florida, and shall run with the Property. However, in the event Cypress Pointe determine!\, prior to closing on the Property, that they no longer require the Property for the improvements described herein, the part.ies agree to execute an appropriate instrument to terminate this Agreement. On termination of this Agreement, any and all development rights for the Property granted by this Agreement shall expire. 20.0 Relationship uf the .Parties, The relationship of the parties to this Agreement is contractual and Cypre!\s Pointe 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. 21.0 SQ.Y~r.~~gg_tmm.~.ni!Y.: Nothing contained in this Agreement shall be construed as a waiver of the City's right to sovereign immunity under Section 76828, Florida Statute5, or any other limitation on the City's potentialliahility under state and federal law. 22.0 City's Police Puwer, The City hereby reserves all police powers granted to the City hy Jaw. Tn no way shall this Agreement be construed as the City bargaining away or surrendering its police powers. 23.0 f.9.ICe 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), 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 c.onditions ("UnconLrollabl~ Ewnt"), 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 oftime that such party was unable to perfonl1 solely due to the Unconlrolli:lbl~ Event. Page 7 of 11 ee/a~ a6Bd ~~d6E:: ~ E:O' ~e'.\B~~ ~96S6 SeP LOP ~ '~'d'SSI3M~N~~Zl~s'a~~M'NMO~8 :.\8 +uas R~~Vl!\F.n DRAFT 5 20.03 24.0 Interpretation, The parties hereby agree and acknowledge that they have both participated equally in the drafting ofthis Agreement and no party shall be favored or disfavored regarding the interpretation of this Agreement in the event of a dispute between the parties. 25,0 Permits. The failure of this Agreement to addre!\!\ any particular City, c.ounly, state, and federal permit, condition, term, or restriction shall not relieve Cypress Pointe or the City of the necessity of complying with the law governing said permitting requirements, conditions, terms, or restrictions. 26.0 Third Party Riehts, 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. 27.0 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be considered an original agreement; but such counterparts shall together constitute but one and the same instrument. 28,0 Declaration of the Cio' Commission of Winter Sprin~s The City Commission of the City of Winter Springs hereby finds that this Agreement is consistent with the City's Comprehen~ive Plan and land development regulations and is a legislative act of the City Commission of the City. The City Commission further finds that this Agreement promotes the public health, safety, and welfare and is consistent with, and an ex.ercise of, the City's powers under the M unicipal Home Rule Powers Act, as provided in Section 2(b), Article VIII, of the Florida Constitution and Chapter 166.021, Florida Statutes, and the City's police puw~r:s. IN WITNESS WHEREOF, Cypre:ss Pointe and the City have executed this Agreement in foml suffic.ient to bind them as of the day and year first above written. WITNESSES: CYPRESS POINTE AT WINTER SPRINGS. LTD. By: Davis Heritage - Cypress Pointc, LLC, General Partner By: Davis Heritage GP Holdings, LLC, Managing Member a Florida limited liahility company Print Name: By: Stefan M. Davis, Managing Member Print Name: Page 8 of 11 Z'Z'16~ aBBd ~V'JdOt>: ~ eo. ~Z'.AB~~ ~96S6 SZ't> LOt> ~ .~'d'SSI3M~N~WZ1~S'08~M'NM088 :A8 ~u~S Ju:vISF.n nRAFT !l.10.0J CITY OF WINTER SPRINGS, a Florida Municipal Corporation By: John F. Bush, Mayor Print Name: - Print Name: STATE Of FLORIDA COUNlY OF The foregoing instrument was acknowledged before me this day of May, 2003 by Stefan M. Davis, Managing Member of Davis Heritage GP Holdings, LLC, a Florida limited liahility company, who cx&utKd the foregoing instrument and acknowledged before me that he executed the same for the uses and purposes thereill expressed and who is [ ] personally known to me or who [ ] has produced as identification and who did not take an oath. (NOTARY SEAL) Notary Public Signature Typed or Pnn\.cd Notary Name NOlary Public-State of Florida Commission No.: My conunission expires STATE OF FLORJDA COUNTI' OF SEMINOLE The foregoing instrument was acknowledged before me this _ day of May, 2003 by John F. Bush, Mayor of the Clly of Winter Springs, 'who is personally kno'''TI to me and who did not take an oath. (NOTARY SEAL) Notar)" Public Signature Typed or Printed Notary Name Conunission No.: My comnussion expires: Page 9 of 11 eeiOe Cl6~d ~V>ldOt>: ~ 80- ~e-A~W ~96S6 Set> LOt> ~'~'d'SSI3M~N~V>lZl~S'a8~M'NM088 :A8 +uas RI,:VISIm DRAIT 520 in JOTNDER Big Cypress Associates, Ltd., a Florida Limited Partnership, as the current owner of the Property hereby agrees to this consent and joinder for purposes of binding the Propeny to the terms and conditions of this Agreement. WITNESSES: BIG CYPRESS ASSOCIATES, LTD. a Florida limited partnership Print Name: By: Its: Print Name: STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me this ___ day of May, 2003 by of Big Cypress Associates, Ltd., a Florida lunited partnership, who executed the foregoing instrument and acknowledged before me that (s)hc executed the same for the uses and purpost.:s thcrt.:in expressed and who is [ ) pcrsOllt."\lly mowl1 to me or who I I has produced as identification and woo did not take an oath. (NOTARY SEAL) Notary Public Slgnalun: Typed or Printed Notary Name Commission No., My COllUllissjOIl expires: Page 10 of 11 ~~/~~ a6\?d ~V>JdOv: ~ 80- ~~'A\?\~ ~96S6 S~v LOv ~'~'dISSI3M~N~WZl~SI08~MINM088 :A8 luas 1. Exhibit "A" REVISED DRAFT 5.20-03 CONCEPTUAL BINDING DEVELOPMENT AGREEMENT EXHIBIT LIST Legal Description Conc.eptual Site Plan / Preliminary Building Elevations S, R. 434 Landscape Beautification Easement "f' Illm:"W'ly ,,[Winter Srri~\Davi, Heriugr'J),;:vc1Ul'mDnl ^ETo'm'<l1l1 wpd ecru "Bed 2 Exhibit "E" 3. Exhibit "e" Page 11 of 11 ~~dOt>:~ 80'~e'^"'V'J ~96S6 Set> LOt> ~'V'd'SSI3M~NVV'JZlvs'a8VMINM088 :^8 ~uas Fax:904 Ma~ 20 2003 15:40 P.02 EXHIBIT "A" LEGAL DEScRImON ~E~S: ~E~'''. r~~RT O~ TR"r;r~ "," AND "1(". TUe HIc.fI,""'OS SCCTIOII THREc', AS pf:CORoro IN PLAT 80011 17. PACtS '8 ..NO '9 OF ..--tf4t. I"u8I.IC RECORDS 0$' SC"'HOLr COUNT', "LOIll'OA, Df:SCR,8€O AS J'OllOlfS; BEGIH AT fur SOV'H.C.ST CORNER 0' ~FORCSAIO TRACT ',' SAID SOutHweST CORNf:/;'Be,"''' DI'f ,Ne Ho~rHr:RI.) R'IOHT-OF-W,lt or THt I,O"'C.OOD"'.AC:NE~ "0,11I0 (STatt' ROAD 4J4): -'HtNCE H.lJ'..Il',JO"(. AlOl\/C; 'He (":IT llflff; at' 5"10 T~ACT "'". "9~."6 , J'([T. TH(IIfer S.7a',O')O"E'.. 'OJ,Ci7 Fr.Et: rHEJIfC( S.0.....5'18.... 44"./7 Frn. TI-IO/I;( 5."J"7',,?"( 'ZJ 07 F((~. THEHcr 5.\)1 ~O'4".. 13.8:\ "':CT; THE/lICf: S.J...~3.'~"C.. 71.'9 rEEf; 'H[Her S 8"OJ'2'"(.. 14U.9J rE(T: TH(NCE: S 'e'17':S~ (.. ,;oO.g~ "CC~: '''ElfeE S-6~"0"5.[" '2227 fen, THENCE H 811""20"(., :s.i,.." InT: TH(NCE S.OO"i"J"t, JJa 07 'UT; THENce H ag'~9'.'" w 'J' " n:rr TI) THE ""'ORES""O NOllTHCRI,'f RIC"'T-OF~"'A(, rHt."'~E N.S2""J'-".. "..65 r((T "lONe; S,,'" 1O!C>lT-N'-WA', liNe '0 IHE "",..T ",. 9(~t_'",C to"'TA/N/~~ ,. '6' AeRrs "OR( (JR lESS. ~~~ ''fAr ~JlTlON OF" LOr ". O\OCI( O. OR. ~/TC~nL'S $VIlVlEt or rl4E LeVY,,,,,,,,.,, AS RCCORP(D /If "lAr 800K I. PACE ~, P1I8LIC I'EC'OJlDS OF 5E"''''OL( C'llUHr", "'I,OIl1,QA L Y'Nt; NORTH 0,. SU Tf:' ROAD 4'.. AN!) worsr OF THE "lO~ID'" POWeR eORPClp.A r'(lN CASlWtNr. CON""tNI"'~ C';?49 AC'''CS WORe 0'"' less. EXH\B\T "AD ('.._~.. : . " I I I I r I I I I I I I I J I I I . I I I : I :, l . ~ ...--....... -.- ~.-='='~ - ,.. ----------- =--==-..::~~ -.- j , I I , I I . 1:= 1'_ , I ..... -----.j : - . I " r I . ' I f : r 1 i *~;' :'; f~' 'i: ... . - . " .. --~.... . - c-..==__.. ..; ----- ....... ----"-- .. -- == - .......---...... --..,.... =-=:-~-=:-:=..,.. - -.......-...... ~ ---- r:=.-.....- ... ..........--- ................-.- ~-.-~-.:.- .......... ~.. .... ~~"Gr::....... .... WI ... ... SO'E LOCAlXlN IlWI ... -- -- fIRElNNAA'r ~ sm; Pl...AN ..... .. ~ :-.t NOJ'E ..---=~-:~-=-.... .....:.:-...,JI!!!!...'!!.... ="=".. __-,:r;r ..... ~.. __,,::,... =-.-==--=-~ =~ ......."'... ~~ l.\Il102li\&.bmiqj.r~""""" Do.~IO.""a, G6I1J1l2OD3.... PIlI. U.:m1l2 " . C .. I , . . l> en en o (") H . ~ m en .. lit' r , -- =::r..::- ::1"-- .... ,.. ". ... tall ~LIlI ems ftInE WMBtlffllB R.aD 'Tl .!lJ X b' Onns f'dte d1Wr~ lJll ~U) M~ ~ ~ == ~ == ~ 1-3 COIClPJWL IlISQi . ... ... ==: ~\ . IB .. . - ~3: , !lJ o(.C W 00 OlN 00 -l>o 0 "ll<A ;s: . .. ~IIIWP ... - -- ... --or -- .... o N 00 --- ....~ -- AOJO -v ~ '1J m 0 I\) N -.. eN Sent By: BROWN,WARD,SALZMAN&WEISS,P.A,j EX HIBIT "C" May.15.03 5:27PMj Page 16/21 Prrpared by: City of Winter Springs 1126 Eust State Road 434 Winter SprinK8, }'L 32708 AUn: City MaDager S,R. 434 LANJJSCAPE HEAUTIFICAI10N EASEMENT THIS EASEMENT, made this day of ___ ____ . 2003 by ._' whose mailing address is ... . (hereinafter called "Grantor") in favor ofthe CHY OFW iNTER SPRINGS, FLORIDA, a Florida Municipal Corporation, whose mailing address is 1126 East State Road 434, Winter Springs, Fl 32708 (hereinafter called "Grantee"). WITNESSETH WHEREAS, Grantor is the sole owner of certain real property located within the City of Winter Springs along SR. 434; and WHEREAS, Grantee is planning to construct and maintain a landscape beautitication project along S.R. 434 within the City of Winter Springs: and WHEREAS, Grantor desires to convey a perpetual easement over, under, and across a portion of its real property, as legally described herein, for purposes of aU owing Gral1tc:~ tQ construct, operate and maintain landscaping and irrigation improvements and other incidental appurtenances and accessories ther~to along S.R. 434; and WHEREAS, Grantor, as fee simple owner of the easement property, also agrees tn assist Grantee in obtaining any local, stat\:, or federal permits required to construct said improvements and any other incidental appurtenances and accessories thereto: and NOW, THEREFORE, in consideration of the enumerated purposes stated herein, and mutual covenants, terms and conditions and restrictions contained herein, together with Qther gQod and valuable consideration, the receipt and sufficiency of which is acknowledged, Grantor provides as follows: 1) Recitals, The foregoing recitals are hereby incorporated herein by this reference. 2) Grant of Easement, Grantor hereby voluntarily grants and conveys to Grantee, and its successors, and assigns, subject to Bny previous duly recorded casements or grants of record, a landscape improvements and maintenance easement over, under, and across the parcels of real property described on Exhibit "A", which is attached hereto and incorporated herein by this reference (hereinafter the "Property") of the nature and character and to the extent hereinafter set forth. The granting of this Easement will not affect the front, side, and rear setbacks applicable to the Property pursuant EXHl.8l'l' ~~C" ~nt By: BROWN!WARD!SALZMAN&WEISS!P.A.; 407 425 9596; May.15.03 5:28PM; Page 17/21 to the City of Winter Springs Codl.":. If the Property is undeveloped at tbe time this Easement is granted. Grantor shall be allowed to permit and construct, through the casement area, a standard driveway for ingress and egress to the Property in accordance with applicable law, J) Purpose of Easement. This easement is granted for the express purpose of allowing Grantee to use the Property to construct and maintain landscapt: improvements over. under, and acros!> the Property, including, but not limited to, landscaping. irrigation systems, and any other incidental appurtenances and accessories thereto. It is also the express purpose of this easement to provide Grantee unconditional ingress and t:gn:ss to, over, under and (rom the Property for the purposes stated herein. 4) Rig.hts of Grantee, To accomplish the purposes stated above, and at Grantee's expense, the following rights are conveyed to the Grantee by this easement: a. To use the Property to construct, operate, and maintain improvements over, under, and across the Property including, but not limited to, trees, shmbs, f1ow~rs! ground cover (mulch! rocks, grass, ete), irrigation systems and any other incidental landscaping appurtenances and accessories thereto; b. To pr~yt:nt any activity on or use of the Property that is inconsistent with the purpose of the easement, and to require the restoration of areas or features of the Property that may be damaged by an inconsistent activity or use; c. To use this easement for ingress and egress to the defIned improvements; d. To cut, trim, and keep clear such trees, brush, and undergrowth that might hinder or prohibit the use of the Property for the purposes set forth herein; and e. To take any civil action deemed necessary, at the Grantee's sole and absolute discretion, to protect and preserve the easement granted hereunder. 5) Permits. The parties acknowledge that certain local, state, and federal permits may be required from time to time for purposes of constructing, operating, and maintaining the improvements and other incidental appurtenances and accessory structures referred to herein. Grantor as fee simple owner of the Property, hereby agrees to allow Grantee to make application for said permits and also agrees to join in any said permit (as signatory or otherwise) when required by any permitting agency for issuance of the permit. Page 2 of 6 ~nt By: BROWN,WARD,SALZMAN&WEISS,P.A.; 407 425 9596; May-15-03 5:28PM; Page 18/21 Notwithstanding, Grantee shall be solely responsible and liable for complying with any local. state, or federal pennit requirements, obligations. and duties (if any) related to the construction, operation, and maintenance of the improvements and other incidental appurtenances and accessories thereto, . 6) Easements~ Run with the Land. This easement shall remain a charge against the Property, Therefore, this easement shall "run with the land" and be automatically assigned by any deed or olher conveyance conveying a portion of the Property relating to this easement, cvcn though conveyance makes no reference to this easement as such. 7) Attorney's Fees. In the event of any legal action arising under this easement between 'the parties, each party shall bear their own attorney's fees. eourt costs, and expenses, through all appellate proceedings. 8) Recordation. Grantee shall record this instrument in a timely fashion in the Official Records of Seminole County, Florida and may fe-record it at any time as may be required (0 preserve its rights in this easement. 9) Successors. The covenants, tenus, conditions, rights~ and restrictions of this casement shall be binding upon, and inure to the benefit of the parties hereto and their resp~~tive personal representatives, heirs, successors, and assigns and shall continue as a servitude running with the Property. 10) Grantors Repre!eotations and Warranties, Grantor hereby agrees and makes the following representations and warr~tics to Grantee: a. Grantor is lawfully seized of said Property in fee simple and has fun and lawful authority to ex.ecute this easement, convey the easement to Grantee, and bind the Property as set forth herein. b. The Property is free of any and all encumbrances. except zoning restrictions and prohibitions and other requirements imposed by government authority and other encumbrances which are recorded in the public records of Seminole County, florida. . c. Grantor shall pay any and all taxes that are levied on the Property, from time to time, as said taxes and assessments come due. The improvements contemplated to be made on this easement are tor a Public purpose and therefore not considered as being subject to taxation. If said public improvements are assessed taxes, Grantee will be re$ponsibl~ for the payment Page 3 of6 Sent By: BROWN,WARD,SALZMAN&WEISS,P.A.; 407 425 9596; May.15-03 5:29PM; Page 19/21 of taxes attributed specifically to the public improvements. d. Grantor hereby warrants the title to the easement grant~d her~under over, under, and across the Property and will defend the same against lawful claims of all persons whomever. t 1) Grantee's Riot to Seek Equitable Relief. Grantor agrees, acknowledges and recognizes that any breach of this easement by Grantor would result in irreparable harm to Grilnt~, and accordingly, Grantor agrees that in addition to and not in lieu of all legal and equitable remedies available to Grantee by reason of such breach, Grantee shall be entitled to equitable relief (including, without limitation, specitic performance and injunctive relief) to enjoin the occurrence and continuation of the breach. 12) Entire Agreement. This easement constitutes the full and entire agreement between the partics hereto and supercedes any oral or written prior communications between the parties related to the subject matter contained in this easement. The easement shall be governed by the laws of Florida. 13) Sovereign Immunity_ Nothing contained in this casement shall be construed as a waiver of the Grantee's right to sovereign immunity under Section 768.28, Florida Stah-ltes, Qr other limitatiQn$ imposed on t.he lTTantee's potential liability under state or federal law. J 4) Modifications, This easement shall only be modified by a written instrument execuLed by Lhe parLies hereto or any successor, assigns heirs, or representatives thereto. 15) Grantors Duty of Noninterference, Grantor agrees not to interfere or allow others under Grantor's control to interfere with Grantee's rights to use the Property as specifically set forth herein. Grantor agrees not to permit or allow the construction or erection of any building or structure on the Property without prior written consent of the Grantee. 16) Termination, The parties agree that this easement is intended to be perpetual. However, in the event the Grantee determines, at its sole discretion, that it no longer requires the property for improvements described herein, Grantee, at Grantor's written request, agrees to execute an appropriate written instrument to terminate this easement. Upon termination of the easement by the Grantee, Grantee, upon request made within five (5) days of termination by Grantor, will remove the improvements and restore the Property to its original condition, less reasonable wear and tear. 17) R~iJ)rotallndtmnifitation. To the elltent permitted by law, each party hereto Page 4 of6 lent By: BROWN,WARD,SALZMAN&WEISS,P.A,; 407 425 9596; May.15-03 5:30PM; Pa~e 20/21 agrees to indemnify and hold harmless the other party hereto and th~ other party's employees and officers from and against all claims, losses. damages, personal injuries (including but not limited to death), or liability (including reasonable attorney's fees through all appeals). directly or indirectly arising from, or out of the indemnifYing party's acts, errors, or omissjon~, intentional or otherwise, resulting from this easement and Agreement. IN WITNESS WHEJlEQF. Grantor and Grantee set their respective hands on the day and year above written. Witfle.~.'1es: GRANTOR: Print Name: Hy: Its Print Name: WitTle.'1','te.'1',' GRANTEE: CI1Y OF WINTER SPRINGS. a Florida municipal cOI'poration, Print Name: By: Print Name: RONALDW. McLEMORE Its City Manager Page 5 of6 ,ent By: BROWN,WARD,SALZMAN&WEISS,P,A,; 407 425 9596; May.15.03 5:30PM; Page 21/21 STATE OF FLORIDA COUNTY OF ~EMINOLt::: The foregoing instrument was acknowledged and sworn to before me this __.__ day of .. . 2003 by ___............... __,....,.,......,..__. ? who is perso1Jally known \0 me, or 7 who has produced liS idenlilication. NOTARY PUBLIC My Commission Expires STATE OF FLORIDA COUNTY OF SEMINOLE The foregoing instTllfnenl wa.s acknowledged and sworn to before me this _ day of _, 2003 by RONALD W. McLEMORE. City Manager of the City of Wimer Springs Florida? who is personally known to me, or ? who has produced __. as identification. NOTARY PUBLIC My Ct,lInmission Expires: 1'\)),,,,.\<::iI7 ,,(Wullel S....~\AfJ-ccmcl\t~\SR434 ..L&od!t&t'e~'l\Ii1irftll"n EMnnml 3.7.X.(l3.WflII Page 6 or6 '!'". Prepared by and return to: Anthony A. Garganese, Esquire Brown, Salzman, Weiss & Garganese, P.A. Pnst Office Bnx 2873 Orlando, }'lorida 32802-2873 (407) 425-9566 CONCEPTUAL BINDING DEVELOPMENT AGREEMENT This CONCEPTUAL BINDING DEVELOP:MENT AGREE.MENT is made and entered into as of this _ day of May, 2003 by and between the CITY OF WINTER SPRINGS, FLORIDA, a Florida municipal corporation and CYPRESS POINTE AT WINTER SPRINGS, LTD" a Florida limited partnership. RECITALS: WHEREAS, this Agreement is entered into pursuant to the Florida Municipal Home Rule Powers Act; and WHEREAS, pursuant to that certain Purchase and Sale Agreement between Big Cypress Associates, Ltd" a Florida limited partnership, as sellers, and Cypress Pointe at Winter Springs, Ltd., a Florida limited partnership, as purchasers, dated March 13, 2003, Cypress Pointe is the contract purchaser and will be the owner and developer of approximately fifteen (15) acres ofland located in the City of Winter Springs which is more particularly described herein; and WHEREAS, on March 24,2003, the City granted a conditional use permit for the Property to allow the construction of multi-family units not to exceed eight (8) dwelling units per acre; and WHEREAS, Cypress Pointe and the City desire to memorialize their understandings and agreement regarding their respective interests, expectations, and intentions contained in this Agreement. NOW THEREFORE in consideration of the terms and conditions set forth in this Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged by the parties, the City and Cypress Pointe agree to the following: 1.0 Incorporation of Recitals, The foregoing recitals are true and correct and are hereby fully incorporated herein by this reference as a material part of this Agreement. Conceptual Binding Development Agreement Page 1 of 11 " 2,0, Definitions, Unless the context clearly indicates otherwise, the following words and phrases when used in this Agreement shall have the meaning ascribed below: 2.1 "Big Cypress" shall mean Big Cypress Associates, Ltd., aFlorida limited partnership. 2.2 "City" shall mean the City of Winter Springs, a Florida municipal corporation. 2.3 "Cypress Pointe" shall mean Cypress Pointe at Winter Springs, Ltd., a Florida Limited Partnership. 2.4 "Property" shall mean the real property subject to this Agreement and legally described on Exhibit" A" which is attached hereto and fully incorporated herein by this reference. 2,5 "Conceptual Site Plan" shall mean the conceptual site plan and preliminary building elevations which Cypress Pointe agrees to permit and develop on the Property under the terms and conditions of this Agreement and which is attached hereto as composite Exhibit "B" and fully incorporated herein by this reference. 2.6 "Agreement" shall mean this Agreement made and entered into by and between the City of Winter Springs, Florida, a Florida municipal corporation and Cypress Pointe at Winter Springs, Ltd., a Florida limited partnership, including all exhibits and written modifications thereto. 3,0 Conceptual Plan Approval. 3.1 The City hereby approves the Conceptual Site Plan, subject to the terms and conditions of this Agreement. 3.2 Cypress Pointe acknowledges and agrees that the Conceptual Site Plan is only conceptual and is subject to additional approvals and permits being granted by the City and other governmental agencies, which mayor may not be granted. Cypress Pointe also acknowledges and agrees that the City does not represent or guarantee that the additional approvals and permits will be granted and if said approvals or permits are not granted, Cypress Pointe will not be able to permit and develop the Conceptual Site Plan. 3.3 Notwithstanding the aforesaid, in consideration of the mutual promises and considerations set forth in this Agreement, Cypress Pointe intends to use its best efforts to permit and develop the Conceptual Site Plan on the Property subject to the Conceptual Binding Development Agreement Page 2 of 11 terms and conditions stated herein. Further, if the final site plan, landscape plan, and engineering plan are approved for the project by the City, said plans shall be in substantial conformity with the Conceptual Site Plan unless otherwise approved by the City during the City's development permit process. 4,0 Purchase of Property. Cypress Pointe will promptly use all reasonable and best efforts to complete the acquisition of the Property pursuant to its existing contract rights and provide written notice of the acquisition to the City. However, in the event that Cypress Pointe does not acquire fee simple ownership of the Cypress Pointe Property by the closing date set forth under the terms of the existing purchase contract, then this Agreement shall be automatically terminated and nullified, in which event the parties' obligations under this Agreement shall be and become null and void and of no further effect. Cypress Pointe shall promptly provide the City written notice if Cypress Pointe fails to close on the Cypress Pointe Property. 5.0 Entranceway: Traffic: and Lighting, In addition to any requirements established by law, Cypress Pointe agrees as follows: 5. 1 The parties acknowledge that the entranceway depicted on the Conceptual Site Plan is aligned with a three-way traffic signal located on State Road 434. Cypress Pointe acknowledges and agrees that the traffic signal may be relocated as a result of development plans currently ongoing within the City and City of Casselberry and that Cypress Pointe will not object to said relocation. 5.2 Cypress Pointe shall be required to pay all costs incurred with the traffic signal directly relating to the Conceptual Site Plan including, but not limited to, converting the traffic signal to a four-way signal. 5.3 Cypress Pointe shall submit to the City, as part of the final site plan submittal, a traffic study which shall address, at a minimum, traffic generation, A.M. and P.M. peak-hour traffic numbers and movements, affected intersections, deceleration lanes, eastbound left-turn lane, internal movements, off-site improvements, and traffic lights. Said study shall be performed by a licensed engineer experienced in traffic management after said engineer coordinates the methodology of the study with the City's traffic engineering consultant. 5.4 Cypress Pointe acknowledges and agrees that the City may require Cypress Pointe to design, permit, and construct a deceleration lane to service the Property as part of the final site plan approval. Conceptual Binding Development Agreement Page 3 of 11 5,5 Cypress Pointe acknowledges and agrees that the maximum height of any and all street and parking lights on the Property shall be limited to twenty (20) feet in height. The maximum off-site spillage shall be one-half (.5) foot candle unless the city requires, at final site plan approval, less foot candle spillage along certain boundaries of the Property to address the legitimate lighting concerns of surrounding properties, 6,0 SR 434 Landscape Easement. Cypress Pointe acknowledges and agrees that the City is currently implementing a landscape redevelopment plan along State Road 434, In furtherance of this plan, Cypress Pointe agrees to attempt to arrange for Big Cypress to convey to the City a landscape easement, ten (10) feet in width, along the entire length of the Property abutting State Road 434, In the event Cypress Pointe is not successful in arranging for Big Cypress to convey said easement, Cypress Pointe shall convey the easement at such time Cypress Pointe receives title to the Property, The City shall bear the expense related to installing and maintaining the landscape improvements located in the easement area. A copy of the landscape easement is attached hereto and fully incorporated herein by this reference as Exhibit "C," 7,0 Dwelling Units Per Acre: Affordable Housing, 7.1 The Property shall be limited to a maximum of eight (8) dwelling units per acre, 7.2 A maximum of seventy percent (70%) of the total units may be used for "affordable housing." AIl units not set aside for affordable housing (minimum 30%) shall be made available at the prevailing market rate for apartment units in the City of Winter Springs and the surrounding area. In the event, Cypress Pointe is unable to set aside a minimum of thirty percent (30%) of the units at market rate, either party shall have the right to terminate this Agreement by providing written notice to the other party prior to final site plan approval. 8,0 Periodic Review. This Agreement shall be subject to periodic review by the parties, Periodically, the City and Cypress Pointe agree to cooperate and meet in good faith to discuss the progress made under this Agreement and whether any amendments should be made to this Agreement in furtherance of each others' mutual interests, 9,0 Cooperation, Cypress Pointe and the City shall cooperate fully with each other to effectuate the terms, conditions and intentions of this Agreement. In connection with City development permit approvals necessary to effectuate the Conceptual Site Plan, the City agrees to process Cypress Pointe's development permit applications in good faith and in a prompt, diligent manner, Conceptual Binding Development Agreement Page 4 of 11 10,0 Authority, Each party hereby represents and warrants to the other that they have full power and authority to enter into this Agreement. Cypress Pointe also represents that it is duly authorized to bind the Cypress Pointe Property to the terms and conditions contained in this Agreement. Cypress Pointe also represents that all legal and equitable title to the Property will be vested in and held by Cypress Pointe upon closing of the existing purchase contract for the Property. The City also represents that all requirements and procedures, including public hearings, have been properly conducted so that the execution hereof by the City shall constitute the final action of the City. 11,0 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 service, e.g. Federal Express, Purolator, Airborne, Express Mail, etc., addressed to a party at the other address as specified below or from time to time by written notice to the other party delivered in accordance herewith: Cypress Pointe: Ms. Lisa Stephens Cypress Pointe at Winter Springs, Ltd. 20725 S.W. 46th Avenue Newberry, Florida 32669 Phone: (352) 472-7773 Fax: (352) 472-5969 With copy to: Jim Stockman, Esquire Attorney at Law 20725 S,W. 46th Avenue Newberry, Florida 32669 Phone: (352) 472-9310 Fax: (352) 472-8083 City: Ronald W. McLemore, City Manager City of Winter Springs 1126 East State Road 434 Winter Springs, Florida 32708 Phone: (407) 327-5957 Fax: (407) 327-6686 Conceptual Binding Development Agreement Page 5 of 11 With copy to: Anthony A. Garganese, Esquire City Attorney of Winter Springs Brown, Salzman, Weiss & Garganese, P.A. 225 East Robinson Street, Suite 660 Orlando, Florida 32801 Phone: (407) 425-9566 Fax: (407) 425-9596 12.0 Defaults, Failure by either party to perform each and every one of its obligations hereunder, or any violation of the City Code by Cypress Pointe or its contractors, shall constitute a default, entitling the nondefaulting party to pursue whatever remedies are available to it under Florida law or equity including, without limitation, an action for specific performance and/or injunctive relief Prior to any party filing any action as a result of a default under this Agreement, the nondefaulting party shall first provide the defaulting. party with written notice of said default, Upon receipt of said notice, the defaulting party shall be provided a thirty (30) day opportunity in which to cure the default to the reasonable satisfaction of the nondefaulting party prior to filing said action. The cure period may be extended by mutual agreement of the parties. The nondefaulting party shall have the right to terminate this Agreement if the default is not timely cured and the defaulting party shall immediately lose all rights and privileges granted hereunder, Furthermore, if the City declares a default under this Agreement, the City shall have the right to suspend the issuance of any and all City permits, or construction occurring on the Property under this Agreement, until the default has been fully cured by Cypress Pointe. 13.0 Successors and Assigns, This Agreement shall automatically be binding upon and shall inure to the benefit of the successors and assigns of each of the parties. 14.0 Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. 15.0 Amendments, This Agreement shall not be modified or amended except by written agreement duly executed by both parties hereto. 16.0 Entire Agreement. This Agreement supersedes any other agreement, oral or written, and contains the entire agreement between the City and Cypress Pointe as to the subject matter hereof Conceptual Binding Development Agreement Page 6 of 11 17 ,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. 18,0 Effective Date. This Agreement shall become effective upon approval by the City Commission of Winter Springs and execution of this Agreement by both parties (the "Effective Date"). 19,0 Recordation, This Agreement shall be recorded in the public records of Seminole County, Florida, and shall run with the Property. However, in the event Cypress Pointe determines, prior to closing on the Property, that they no longer require the Property for the improvements described herein, the parties agree to execute an appropriate instrument to terminate this Agreement. On termination of this Agreement, any and all development rights for the Property granted by this Agreement shall expire. 20,0 Relationship of the Parties. The relationship of the parties to this Agreement is contractual and Cypress Pointe is an independent contractor and not an agent of the City. Nothing herein shall be deemed to create ajoint 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. 21.0 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 state and federal law. 22.0 City's Police Power, 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. 23,0 Force Majeure, 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 Conceptual Binding Development Agreement Page 7 of 11 government authority (other than the City's own acts), acts of public enemy or war, riots, civil disturbances, power failure, shortages of labor or materials, injunction or other court proceedings beyond the cotitrol of such party, or severe adverse weather conditions ("Uncontrollable Event"), then, notwithstanding any provision ofthis 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. 24,0 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 of this Agreement in the event of a dispute between the parties. 25.0 Permits. The failure ofthis Agreement to address any particular City, county, state, and federal permit, condition, term, or restriction shall not relieve Cypress Pointe or the City of the necessity of complying with the law governing said permitting requirements, conditions, terms, or restrictions. 26,0 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. 27,0 Counterparts, This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be considered an original agreement; but such counterparts shall together constitute but one and the same instrument. 28,0 Declaration of the City Commission of Winter Springs The City Commission of the City of Winter Springs hereby finds that this Agreement is consistent with the City's Comprehensive Plan and land development regulations and is a legislative act of the City Commission of the City. The City Commission further finds that this Agreement promotes the public health, safety, and welfare and is consistent with, and an exercise of, the City's powers under the Municipal Home Rule Powers Act, as provided in Section 2(b), Article VIII, of the Florida Constitution and Chapter 166,021, Florida Statutes, and the City's police powers, [Signature Page Follows] Conceptual Binding Development Agreement Page 8 of 11 IN WITNESS WHEREOF, Cypress Pointe and the City have executed this Agreement in form sufficient to bind them as of the day and year first above written. Print Name:}d....~ ~~ WITNESSES: CYPRESS POINTE AT WINTER SPRINGS, LTD. By: Davis Heritage - Cypress Pointe, LLC, General Partner By: Davis Heritage GP Holdings, LLC, Managing Member a Florida limited liability company CITY OF WINTER SPRINGS" '. a Florida Municipal Corporati?11 ..' . By ~7.~ Jo . Bush, Mayor '. .' ". STATE OF FLORIDA COUNTY OF ~ Q JUI\Q. ~ ~tU;) The foregoing instrument was acknowledged before me this ~ day ofMey, 2003 by Stefan M. Davis, Managing Member of Davis Heritage GP Holdings, LLC, a Florida limited liability company, who executed the foregoing instrument and acknowledged before me that he executed the same for the uses and purposes therein expressed and who is [XI personally known to me or who [ ] has produced as identification and who did not take an oath. (NOTARY SEAL KIMBERLY A, MA1T~4 Q) MY COMMISSION ti CC EXPIRES: Dee 8, 2()()4 serviOll & BOnding, Inc. NOTARY FL NOtarY 1-800-3- ~~ Q. tf1~ MZ Public Signature . ~r- ~ A ' r)\o.. -H-a.l rz,.. Typed or Printed Notary Name Notary Public-State of Florida Commission No.: My commission expires: Conceptual Binding Development Agreement Page 9 of 11 STATE OF FLORIDA COUNTY OF SEMINOLE The foregoing instrument was &,:knowledged before me this qt- day 7~2003 by John F. Bush, Mayor of the City of Winter Springs, who is personally kno to me d who did not take an oath. . (NOJ!'N .&~luaces . 'i.. -; Moj Commission 00209870 . '\ cw...cf' Expires May 09. 2007 f'---...... ...----= Notary c Signature _ p --M'6\l0l ~ ~~ Typed or Printed Notary Name Commission No.: My commission expires: JOINDER Big Cypress Associates, Ltd., a Florida Limited Partnership, as the current owner of the Property hereby agreesto this consent and joinder for purposes of binding the Property to the' terms and conditions of this Agreement. WITNESSES: BIG CYPRESS ASSOCIATES, LTD. a Florida limited partnership Print Name: By: Its: Print Name: STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me this day of May, 2003 by of Big Cypress Associates, Ltd" a Florida limited partnership, who executed the foregoing instrument.and acknowledged before me that (s)he executed the same for the uses and purposes therein expressed and who is [ ] personally known to me or who [ ] has produced as identification and who did not take an oath. (NOTARY SEAL) Notary Public Signature Typed or Printed Notary Name Commission No.: My commission expires: Conceptual Binding Development Agreement Page 10 of 11 1. Exhibit "A" CONCEPTUAL BINDING DEVELOPMENT AGREEMENT EXHIBIT LIST Legal Description Conceptual Site Plan / Preliminary Building Elevations S. R. 434 Landscape Beautification Easement F:IDocs\City of Winter SpringsIDavis Heritage\Conceptual_ Cypress]ointe.wpd 2. Exhibit "B" 3. Exhibit "C" Conceptual Binding Development Agreement Page 11 of 11 :-'.;, . ..-" , ,.;. :~- .~ :~ == sa ~ ~ ~ ~ DAVIS HERITAGE LIMITED I..,TD' SECTION 33, TOWNSHIP 20 SOUTH. RANGE CITY OF WINTER SPRINGS-SEMINOLE COUNTY. SO EAS1' FLORIDA 'j. . I. C,/pr,.( 55 .,-..... --r--' ~ 0 \ '('...,) i r.:,. DESCRlPTlOI\lS: PARCEL "A" mAT PART OF rRACTS Nj':' AND "K", THE HIGHLANDS SECTION THREE, AS RECORDED IN PLAT BOOK 17, PAGES 48 AND 49 OF THE PUBUC RECORDS OF' SEMINOLE COUfHY, FlORIDA, DESCRIBED AS fOLLOWS: BEGI'" A T THE SOUTl-H\'EST CORNER OF AfORESAID TRACT ",", SAID SOUTIiWES T CORNER BEING ON THE NORrHERlY RIGHT-Of-WAY OF THE lONGWOflO-WAGNF.R ROAD (STATE ROAD 434); THENCE N.JI'49'JO"[' AlO'''G rHE EAST LINE or: SAID TRACT ",", i192.46 . F"H'T; THENCE S.78"O'30"['., 103.67 FEEr; THENCE S.04-'4S"8"W.; 444-. '7 FEET; THfNCr 5.43'17'52"f.. 12.3.07 FEET; THE'NCf 5.07' 50'42"W.. 73.65 F"[[T; THENCE 5.32'53'13"[., 72.'9 FEET; THENCE S.6I'03'27"E'., 181.93 rEEf; THEHCE 5.4-8"27'52-[., 170.96 F-EEr; THENCE 5.65'10'55"(.. '22.27 FEET; THENCE N.86"2'20NE., 521.26 FEET; THENCE S.OO"49'?J"f" 338.07 FEET; THENCE '..t.89'59'.34"~., 7 35.75 FEET TO THE ArORESA'O NORfHERL Y RIGHT -OF" -WA Y; THENCE N.82'5.3'3'''W., 614.65 FEET AtONG SAID RIGHT -Of -WA Y Wolf 1"0 THE PO'N f OF" 8EGINNINC. . CONTAINING '4.761 ACRES MORE OR lfSS. PARCEt "B" .. . .. - . THA T PORTION or lOT 57, BlOCI(. D, DR. M'TCHELl'S SURVEY OF THE lEVY GRAtH AS RECORDED 'N PLAT BOOI< " PAGE 5;. PUBUC 'RECORDS OF SEMINOLE COUfHY, FlORlOA lYING NORTH OF STATE ROAD: 434 AND WEST OF THf FlORIDA POWER CORPORA nON EASEMENT. . COfoolrAl'olING 0.229 ACRES MORE OR lESS. \~ . All THE ABOVE DESCRIBED CONTAINING 14.99' ACRES. MORE OR LESS. ,. SURVEYOR'S NorES: BEARINCSARE' BASED ON THE NOR THf~l Y R'GtIT AS BEING N.82'SJ'JJ"W.. PER OESeRIPTlOr.. -. I s,r[ BENCHMARK, ELEVA nONS AND CONrjOUHS A . DESIGNATION NV'ofBER 238340', ElEVATIOr 60,9~ o n~Aln T C'c or rr"JrDr-n l:,...,.." - ~ - . r' ..... .-__.-~.-..,__,.....-+.-"'7~ -. -. -~-, -.--..........-,--... - ,-,-- _ ._.....--.-.........:-;-.._........---__~_ -.,.--.... - ...'" .. __.._.........,..,r.......__...... -~_r'~,..,.._....~_~....,.'r'....~. __._.__.____..._~_..... ..,...__.. .~""!"""",,,--,:"":,..,~,:"",.___..~.___.~--:--~_..____-:..,.._._.........._.-:--:--_~~._.. ~ FRONT ...... """". ........ SIDES REART PRELIMINARY CLUBHOSUE REVATlONS I~ DlslgrM.21C.dwg. QM)lSt2OQ3 09:01::30 AM, 1:2.M0e3 'W:fIWlfllTUmu"_ SlQI( CQQID san . IlX'fIrCltlllOMilKM CICUIlfl~lIOQf ~ClMwr.atIl:S. PONIK'VAR& ASSOCIATc$~ c::cNIIIlDJS IIWL DfIl". ~aa.OlC(. _/f1Df;MfolftUJlaull """"'-- .... -- ARC H I 1 , C T :5 ...... mmomc """" .... - ..... ........... .... ........ :5100 SW ~TH smaJ ~""""" """'" (.):52) J72_1J7B surf( 1)01 "... ~AJI.; (m)J'T&-U:$1 ... ...... ... $CUIO autSD - ICQ)Q' """ . . . 1IIICX1OIUll;I:..,...... AT 'IKllJI- ACCOIJ """ IIIICX WJI[IJI -..... """ CYPRESS PaNTE WMEA ~ R..OfII)A fa- Cyp'ess Poole d Wnter SpTgs, LId ... ...... ... stIDD alLItSD - AlXDfI" """ CONCEPTUAL DESIGN . . . . . -- IIIICNrEC1'If'IlO.o:JM3.; """ --...... PREUUlNARY BUllDCNG ELEVATIONS II;oU: 3{3r-I 4 A2JO .. BULDING lYPE A - PARTIAL BUILDING lYPE A - PARTIAL 8UlI...DING lYPE 8 PAELJMINAAY APARTMENT ELEVATlONS 1:~D..uM211..ctML QS.Q8I2OD)091J2:03NA.1'2.14Ot1 x.lU:J/J.T..l.... --- ....._~ --- --- w_ --- -- --- --~- ----- ---- - PONIKV'AR& ASSOCIATCS~ ARC It I T E C , $ S7CD SW ')nH Sl1lm """""'''''''''' ",,"0 (.ul}312-1Jl. .... ''''' "... ''''' (3:!.2) J1a-12!l1 . . . CYPRESS PONTE WMffi SPfltotGS R.OfI>A fa- ~ess Poi1le a WIller ~ LId CONCEPTUAl DESIGN . I . . -- MDmCT'I ~ lIO.: """ """"""" ~ocr:.m~ ... 0<a<D> PRQJl.ONARY BUJLOINC ElLVAl10NS A2.1~ .. Prepared by: City of Winter Springs 1126 East State Road 434 Winter Springs, FL 32708 Attn: City Manager S,R. 434 LANDSCAPE BEAUTIFICATION EASEMENT THIS EASEMENT, made this day of , 2003 by whose mailing address is (hereinafter called "Grantor") in favor of the CITY OF WINTER SPRINGS, FLORIDA, a Florida Municipal Corporation, whose mailing address is 1126 East State Road 434, Winter Springs, FI 32708 (hereinafter called "Grantee"). WITNESSETH WHEREAS, Grantor is the sole owner of certain real property located within the City of Winter Springs along S.R. 434; and WHEREAS, Grantee is planning to construct and maintain a landscape beautification project along S.R. 434 within the City of Winter Springs; and WHEREAS, Grantor desires to convey a perpetual easement over, under, and across a portion of its real. property, as legally described herein, for purposes of allowing Grantee to construct, operate and maintain landscaping and irrigation improvements and other incidental appurtenances and accessories thereto along S.R. 434; and WHEREAS, Grantor, as fee simple owner of the easement property, also agrees to assist Grantee in obtaining any local, state, or federal permits required to construct said improvements and any other incidental appurtenances and accessories thereto: and NOW, THEREFORE, in consideration of the enumerated purposes stated herein, and mutual covenants, terms and conditions and restrictions contained herein, together with other good and valuable consideration, the receipt and sufficiency of which is acknowledged, Grantor provides as follows: 1) Recitals, The foregoing recitals are hereby incorporated herein by this reference. 2) Grant of Easement, Grantor hereby voluntarily grants and conveys to Grantee, and its successors, and assigns, subject to any previous duly recorded easements or grants of record, a landscape improvements and maintenance easement over, under, and across the parcels of real property described on Exhibit" A", which is attached hereto and incorporated herein by this reference (hereinafter the "Property") of the nature and character and to the extent hereinafter set forth. The granting of this Easement will not affect the front, side, and rear setbacks applicable to the Property pursuant EXHmIT "C" to the City of Winter Springs Code. If the Property is undeveloped at the time this Easement is granted, Grantor shall be allowed to permit and construct, through the easement area, a standard driveway for ingress and egress to the Property in accordance with applicable law. 3) Purpose of Easement. This easement is granted for the express purpose of allowing Grantee to use the Property to construct and maintain landscape improvements over, under, and across the Property, including, but not limited to, landscaping, irrigation systems, and any other incidental appurtenances and accessories thereto. It is also the express purpose of this easement to provide Grantee unconditional ingress and egress to, over, under and from the Property for the purposes stated herein. 4) Rights of Grantee. To accomplish the purposes stated above, and at Grantee's expense, the following rights are conveyed to the Grantee by this easement: a. To use the Property to construct, operate, and maintain improvements over, under, and across the Property including, but not limited to, trees, shrubs, flowers, ground cover (mulch, rocks, grass, etc.), irrigation systems and any other incidental landscaping appurtenances and accessories thereto; b, To prevent any activity on or use of the Property that is inconsistent with the purpose of the easement, and to require the restoration of areas or features of the Property that may be damaged by an inconsistent activity or use; c, To use this easement for ingress and egress to the defined improvements; d. To cut, trim, and keep clear such trees, brush, and undergrowth that might hinder or prohibit the use of the Property for the purposes set forth herein; and e. To take any civil action deemed necessary, at the Grantee's sole and absolute discretion, to protect and preserve the easement granted hereunder. 5) Permits, The parties acknowledge that certain local, state, and federal permits may be required from time to time for purposes of constructing, operating, and maintaining the improvements and other incidental appurtenances and accessory structures referred to herein. Grantor as fee simple owner of the Property, hereby agrees to allow Grantee to make application for said permits and also agrees to join in any said permit (as signatory or otherwise) when required by any permitting agency for issuance of the permit. Page 2 of6 Notwithstanding, Grantee shall be solely responsible and liable for complying with any local, state, or federal permit requirements, obligations, and duties (if any) related to the construction, operation, and maintenance of the improvements and other incidental appurtenances and accessories thereto. 6) Easements. Run with the Land. This easement shall remain a charge against the Property. Therefore, this easement shall "run with the land" and be automatically assigned by any deed or other conveyance conveying a portion of the Property relating to this easement, even though conveyance makes no reference to this easement as such. 7) Attorney's Fees, In the event of any legal action arising under this easement between the parties, each party shall bear their own attorney's fees, court costs, and. expenses, through all appellate proceedings. 8) Recordation, Grantee shall record this instrument in a timely fashion in the Official Records of Seminole County, Florida and may re-record it at any time as may be required to preserve its rights in this easement. 9) Successors, The covenants, terms, conditions, rights, .and restnctions of this easement shall be binding upon, and inure to the benefit of the parties hereto and their respective personal representatives, heirs, successors, and assigns and shall continue as a servitude running with the Property. 10) Grantors Representations and Warranties, Grantor hereby agrees and makes the following representations and warranties to Grantee: a. Grantor is lawfully seized of said Property in fee simple and has full and lawful authority to execute this easement, convey the easement to Grantee, and bind the Property as set forth herein. b. The Property is free of any and all encumbrances, except zoning restrictions and prohibitions and other requirements imposed by government authority and other encumbrances which are recorded in the public records of Seminole County, Florida, c. Grantor shall pay any and all taxes that are levied on the Property, from time to time, as said taxes and assessments come due. The improvements contemplated to be made on this easement are for a Public purpose and therefore not considered as being subject to taxation. If said public improvements are assessed taxes, Grantee will be responsible for the payment Page 3 of6 of taxes attributed specifically to the public improvements. d. Grantor hereby warrants the title to the easement granted hereunder over, under, and across the Property and will defend the same against lawful claims of all persons whomever. 11) Grantee's Right to Seek Equitable Relief, Grantor agrees, acknowledges and recognizes that any breach of this easement by Grantor would result in irreparable harm to Grantee, and accordingly, Grantor agrees that in addition to and not in lieu of all legal and equitable remedies available to Grantee by reason of such breach, Grantee shall be entitled to equitable relief (including, without limitation, specific performance and injunctive relief) to enjoin the occurrence and continuation of the breach. 12) Entire Agreement, This easement constitutes the full and entire agreement between the parties hereto and supercedes any oral or written prior communications between the parties related to the subject matter contained in this easement. The easement shall be governed by the laws of Florida. 13) Sovereign Immunity, Nothing contained in this easement shall be construed as a waiver of the Grantee's right to sovereign immunity under Section 768.28, Florida Statutes, or other limitations imposed on the Grantee's potential liability under state or federal law, 14) Modifications, This easement shall only be modified by a written iristrument executed by the parties hereto or any successor, assigns heirs, or representatives thereto, 15) Grantors Duty ofN oninterference, Grantor agrees not to interfere or allow others under Grantor's control to interfere with Grantee's rights to use the Property as specifically set forth herein. Grantor agrees not to permit or allow the construction or erection of any building or structure on the Property without prior written consent of the Grantee. 16) Termination, The parties agree that this easement is intended to be perpetual. However, in the event the Grantee determines, at its sole discretion, that it no longer requires the property for improvements described herein, Grantee, at Grantor's written request, agrees to execute an appropriate written instrument to terminate this easement. Upon termination of the easement by the Grantee, Grantee, upon request made within five (5) days of termination by Grantor, will remove the improvements and restore the Property to its original condition, less reasonable wear and tear. 17) Reciprocal Indemnification, To the extent permitted by law, each party hereto Page 4 of6 '. agrees to indemnify and hold harmless the other party hereto and the other party's employees and officers from and against all claims, losses, damages, personal injuries (including but not limited to death), or liability (including reasonable attorney's fees through all appeals), directly or indirectly arising from, or out of the indemnifying party's acts, errors, or omissions, intentional or otherwise, resulting from this easement and Agreement. IN WITNESS WHEREOF. Grantor and Grantee set their respective hands on the day and year above written. Witnesses: GRANTOR: Print Name: By: Its Print Name: Witnesses: GRANTEE: CITY OF WINTER SPRINGS, a Florida municipal corporation, Print Name: Print Name: Page 5 of6 STATE OF FLORIDA COUNTY OF SEMINOLE The foregoing instrument was acknowledged and sworn to before me this _ day of _, 2003 by , ? who is personally known to me, or ? who has produced as identification. NOTARY PUBLIC My Commission Expires STATE OF FLORIDA COUNTY OF SEMINOLE The foregoing instrument was acknowledged and sworn to before me this _ day of _, 2003 by RONALD W, McLEMORE, City Manager of the City of Winter Springs Florida? who is personally known to me, or ? who has produced as identification. NOTARY PUBLIC My Commission Expires: F :\Docs\City of Winter Springs\Agreements\SR _ 434\SR434 _Landscape_Beautification _Easement _3-28.03. wpd Page 6 of6 LOCAL GOVERNMENT VERIFICATION OF STATUS OF SITE PLAN AFPROV AL FOR MUL TlFAMIL Y DEVELOPMENTS Name of Development: Cypress Poi nte Apartments SR ~34J Interseotion of SR 434 & Timberlane Trail Address of Development Site: Wi nter Spri ngs. Fl od cia 32708 Size of Development Site (include unit of measure): Zoning Designation: C-l Mark the applicable statement: L 0 The above-referenced'Development is new construction or rehabilitation with new construction and the final site plan was approved by action of the on (Legally Authorized Body~) (Date) 2, l:J The above-referenced Development is new constroction or rehabilitation with new construction and the preliminary or conceptual site plan was approved by action of the City of Winter Springs -el't by Conceptual Binding Development Agreement (Legally Authorized Body") ,(Date) . 3, 0 The above-referenced Development is ne~ construction or rehabilitation with new construction and requires site plan approval for the now constrUction work, However, .this jurisdiction does not provide preliminary/conceptual site plan approval or other similar process prior to issuing final site plan approval. The preliminary or conceptual site plan has been reviewed by on (Legally Authori2ed Body.) (Date) 4, 0 The above-referenced Development is rehabilitation without any new construction and does not require additional site plan approval or similar process.. 14,99 Acres ... "Legally Authorized Body" is not an individual. Applicant must state the name of the Cily Council, County Commission, Board, Department, Division, ctc" with authority over such matters. CERTIFICATION I certify that the City/County of Winter Springs has vested in me the authority :, . (Name of City Dt CounM to verify status' of site plan approval as specified above and 1 further certify tha.t the in,fi 'onstated ~bO is true and corrlc~t " ~ tj'f 03 JaJ#; f. 73tf<;~ HAY(J-<- . " . Si Date Print or Type Name and Title . . This certification must be sig~ed by the applicable City's or County's Direc:tor of Planning and Zonin&, chief IlPpolnted official (staff) {cspoosible rof detennination of issues rela.ted to comprehensivll planning and UlninS, City Manager. or County Mall4&er/AdmilJI~trll'lor/Coordinator. Signatu~ from toea! eleeted officials are not aoc:cptablo, nor Are otner signatori~5. If this certifloatioc is applicable 10 this Development.and it Is inspproprialely signed, the Application will fail threshold, ) If thi! certification contains corrections or 'white-out', or if it is scanned, imllg~ aherod, or retyped, the Application will fa.il to meet threshold and will be rejected, The certification may be photooopied . UAI016 (Rev, 4~3) Exhibit 26 \ \ ill P~Y!S FIeritage, Ltd. Kevin J. Bzoch Acquisition / Development 20725 SW 46 th Ave . Newberry, Florida 32669 352.472.7773 . fax 352.472.5969 . cell 352,870.0876 KevinB@DavisandSons.com ., '- / / / / ;. I , . I ,/