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HomeMy WebLinkAbout2004 07 26 Regular 503 COMMISSION AGENDA July 26. 2004 Meeting Consent Information Public Hearin~ Re~Ullar X ITEM 503 MGR. /~/Dept. /~ REQUEST: Community Development Department requests the Commission consider and approve a development agreement modification to decrease the minimum lot area set forth in Exhibit "C" ofthe Wagner's Curve development agreement. PURPOSE: The purpose of this agenda item is to request that the Commission modify the existing development agreement exhibit, to change the applicable minimum town-house lot sizes at Heritage Park. The number or location of the lots or separation of buildings remains the same. This inconsistency was not detected by staff and incorporated in the first modification, which was approved by the City Commission in May. The modification or amendment to Exhibit "C" is needed to correct a discrepancy between the approved plat and the dimensions of the builder's housing product The difference is made up in additional common open space. APPLICABLE LAW: Section 166.021, Florida Statutes. Section 20-474. Development Agreement. FINDINGS: 1 July 26, 2004 Regular Item 503 Page 2 of2 1. Development agreements are authorized pursuant to the Municipal Home Rule Powers Act, as provided in s 2(b), Article vm 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, as is the proposed modification. RECOMMENDATION: Staff recommends that the City Commission approve the modification to the attached development agreement, subject to the City Attorney's review, approval, and any conditions he may require. ATTACHMENTS: Development Agreement Modification COMMISSION ACTION: 2 ATTACHMENT A Prepared by and Return to: Anthony A. Garganese, City Attorney Brown, Garganese, Weiss & D'Agresta, P.A. 225 E. Robinson Street, Suite 660 P.O. Box 2873 Orlando, FL 32802-2873 THIRD MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS THIRD MODIFICATION TO BINDING DEVELOPMENT AGREEMENT (hereinafter referred to as "Third Modification"), made and executed this day of , 2004, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation (hereinafter referred to as the "City"), whose address is 1126 East State Road 434, Winter Springs, Florida, 32708, and CENTEX HOMES, a Nevada general partnership (hereinafter referred to as "Centex"), having a principal place of business at 385 Douglas Avenue, Suite 2000, Altamonte Springs, Florida, 32714. WITNESSETH: WHEREAS, the City, Centex, Springs Land Investments, Ltd., and Jessup Shores Limited Partnership previously entered into a Binding Development Agreement recorded in Official Record Book 4358, Page 1310, of the public records of Seminole County; and WHEREAS, a First Modification to that Binding Development Agreement was recorded in Official Record Book 4625, Page 1106, of the public records of Seminole County; and WHEREAS, a Second Modification to that Binding Development Agreement was recorded in Official Record Book 5363, Page 0089, of the public records of Seminole County; and Third Modification to Binding Development Agreement City of Winter Springs - Centex Homes Page 1 of 3 WHEREAS, the City and Centex now desire to amend a portion of that Binding Development Agreement related to the Residential Property, which is owned by Centex; and WHEREAS, the City and Centex desire to amend Exhibit "C" to that Binding Development Agreement to change the minimum lot size requirement from 1 ,800 square feet (20' x 90') to 1 ,700 square feet (20' x 85'). NOW, THEREFORE, in consideration of the mutual covenants and mutual benefits herein contained, the parties agree as follows (strikeout type are deletions and underlined type are additions): 1.0 Recitals. The foregoing recitals are hereby fully incorporated herein by this reference and deemed a material part of this Third Modification. 2.0 Minimum Lot Size Amendment. Exhibit "C," Residential Development Standards, is hereby amended to read as follows: Minimum Lot size: 1,000 8.f. (20' x 90') 1,700 s.f. (20' x 85') 3.0 Recordation. This Third Modification shall be recorded in the public records of Seminole County, Florida, and shall run with the land. 4.0 Miscellaneous. All terms and conditions of the Binding Development Agreement not amended by this Third Modification shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Third Modification as of the date first written above. [SIGNATURE PAGE FOLLOWS] Third Modification to Binding Development Agreement City of Winter Springs - Centex Homes Page 2 of 3 ATTEST: CITY OF WINTIER SPRINGS, a Florida municipal corporation, By: ANDREA LORENZO-LUACES City Clerk JOHN F. BUSH Mayor WITNESSES: CENTEX HOMES, a Nevada general partnership, by: CENTEX REAL ESTATIE CORPORATION, a Nevada corporation, Managing General Partner Print Name: By: PATRICK J. KNIGHT Division President Date: Print Name: STATE OF COUNTY OF The foregoing instrument was acknowledged before me this _ day of , 2004, by PATRICK J. KNIGHT, as Division President of CENTEX REAL ESTATIE CORPORATION, a Nevada corporation, Managing General Partner of CENTEX HOMES, a Nevada general partnership, [ ] who is personally known to me, or [ ] who has produced as identification. NOTARY PUBLIC Print Name: My commission expires: G:\Oocs\City of Winter Springs\Development Agreements\Wagner's Curve Development\Agreements\Third_Modification_Dev_Agreement.wpd Third Modification to Binding Development Agreement City of Winter Springs - Centex Homes Page 3 of 3