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HomeMy WebLinkAbout2012 03 26 Regular 603 Requesting Commission consider Oviedo Marketplace Agreement Modification COMMISSION AGENDA     Informational Consent ITEM603 Public Hearings Regular X       March 26, 2012KSRS Regular MeetingCity ManagerDepartment         REQUEST: The Community Development Department requests that the City Commission consider approving a revision to the Oviedo Marketplace Parcel 14B Second Implementation Agreement to add fee simple, single family residential units, as an authorized residential use on Parcel 14B of the Oviedo Marketplace PUD (and Development of Regional Impact - DRI).   SYNOPSIS: The requested revision to the Second Implementation  Agreement for Parcel 14-B of the Oviedo Marketplace PUD will allow an additional option for the development of the subject parcel while still meeting the requirements of the original Oviedo Marketplace PUD/DRI.  The applicant has an active proposal for the development of the parcel as 36 single family units.     CONSIDERATIONS: The Development Order applicable to the Oviedo Marketplace DRI authorizes 100 units of townhome/condominium development on Parcel 14B.  On December 13, 2010, the City Commission approved the Oviedo Marketplace Parcel 14B Second Implementation Agreement (the “Agreement”) to permit the Developer a certain amount of flexibility in the composition of the residential development of Parcel 14B.  In addition to the townhome/condominium use already authorized on the Property, the Agreement authorized the Developer to develop an Independent Living Facility or an Assistant Living Facility (a continuous care retirement center) on the remainder of Parcel 14B, subject to certain density limitations consistent with the Development Order.    Regular 603 PAGE 1 OF 8 - March 26, 2012 The Developer recently approached the City requesting an additional modification to the Agreement before the previously approved agreement is recorded in the public records of the county.  The Developer desires to have the option to develop fee simple, detached single family residential units on Parcel 14B, in addition to the residential uses already authorized.  If the Commission approves this new request, the request will be incorporated into the Second Implementation Agreement and recorded in the Seminole County Official Records.     This revision would allow the Developer even more flexibility as to the residential uses authorized on the Property.  Each of the residential uses approved for Parcel 14B is subject to density limitations to ensure the total daily residential trip generation does not exceed th 642 trips pursuant to the ITE, Trip Generation, 7 Edition, which was used in the traffic analysis for the townhome use initially approved in the Development Order for Parcel 14B.  If the City Commission approves the fee simple, detached single family residential use for Parcel 14B, it will also be limited consistent with this traffic analysis (1 townhome unit = 0.56 single family residential units).  Any proposed development request will still be subject to staff review and City Commission approval.     PROJECT OVERVIEW The Oviedo Marketplace DRI (formerly Oviedo Crossing) is contained within three jurisdictions: Seminole County, the City of Oviedo, and the City of Winter Springs.  The only portions of the DRI within the City of Winter Springs are Parcel 14A (Inwood Office site) and the undeveloped residual Parcel 14B (3.86 acres in 14A + 45.6 acres in 14B = 49.5 total acres).  A previously approved development program for the Oviedo Marketplace DRI allowed residential use within the DRI, although it was not specified for Parcel 14.  The Notice of Proposed Change (NOPC), as approved by the City Commission on March 27, 2006, allowed the owner to convert 29,000 SF of the 160,000 SF total retail use allocated to this parcel into as many as 100 residential units (townhouses or condominiums).    In August 2009, the applicant requested to be allowed to construct up to 100,000 SF of personal storage/mini-warehouse in lieu of retail, on the southern-most portion of Parcel 14- B.  The Viera Company, owner of the Oviedo Marketplace, indicated that it considered the indoor storage facility the same as retail.  They requested the Commission provide direction, and the City Commission approved an Implementation Agreement to allow up to 100,000 square feet of personal storage/mini-warehouse within Parcel 14-B.  The applicant then requested that the remaining developable portion of Parcel 14-B be approved for 184 independent living units or a maximum of 318 assisted living beds (ALF).  The City Commission approved a Second Implementation Agreement on December 13, 2010 approving the request subject to certain density limitations.   The current request seeks to revise the Second Implementation Agreement to permit the Developer an additional option for single-family residential units on Parcel 14-B.  This option would be in addition to the previously approved townhouse/condominium, ILF or ALF developments, each of which is subject to certain maximum number of units if the entire remaining developable portion of Parcel 14-B were devoted to the single unit type.  Any integration of two or more of the proposed options would be subject to the residential unit ratios contained in Section 4.B. of the attached Second Implementation Agreement. Regular 603 PAGE 2 OF 8 - March 26, 2012   Location – Parcel 14B (Tax parcel ID # 17-21-31-300-001H-0000) is located west of the Oviedo Marketplace Mall and Dovera Drive and north of Red Bug Lake Road.   Total Acreage-45.6 acres more or less (approximately 11.24 developable acres).   Site Information – The property (Parcel 14B) is part of the Oviedo Marketplace Development of Regional Impact and was formerly known as Oviedo Crossing and DLI Properties. The overall DRI is a mixed use development consisting of approximately 431.2 acres.  The DRI which is located in Seminole County at the intersection of the Central Florida Greeneway and Red Bug Lake Road includes a large regional shopping center, a medical campus and wellness center, and several small parcels with retail, office and residential uses.   As previously mentioned, the Oviedo Marketplace DRI is contained within three jurisdictions: unincorporated Seminole County (163 acres), the City of Oviedo (218.6 acres), and the City of Winter Springs (49.5 acres).  The only portion of the DRI within the City of Winter Springs consists of parcels 14A and 14B.  It is the only DRI within the City of Winter Springs.   Parcel 14B compliments and provides a transition between the mall and the adjacent residential neighborhoods.  Parcel 14B has a “Mixed Use” Future Land Use and a “Planned Unit Development” Zoning designation.   The parcel is vegetated primarily with wetland hardwoods.  Existing wetlands on the site, in conjunction with an existing settlement agreement on the DRI reduces the developable acreage from 45.6 acres to about 11.24 acres.    Existing Land Uses – Of the 49.5 acre Winter Springs portion of the Oviedo Marketplace DRI, Parcel 14B is still undeveloped.  The Inwood office building was constructed on the 3.81 acre parcel 14A in 2007, after Parcel 14 was divided via a lot split.  Adjacent existing land uses, zoning and FLUM designations include the following:     Existing Land Uses Zoning FLUM   Subject Sites Undeveloped PUD (WS) Mixed Use (WS)   North Single Family Residential PUD (WS) Low Density Residential (WS)   South Medical Offices PUD (SC) PD (SC) East Hospital/Office; Retail/Office; PUD (OV) & PUD PD (OV) & HIPD (SC) and Stormwater Retention(SC) West Single Family Residential R-1A (SC) Low Density Residential (SC) (WS) Winter Springs; (SC) Seminole County; (OV) Oviedo         Regular 603 PAGE 3 OF 8 - March 26, 2012       Existing Winter Springs DRI Development Order – Parcels 14A and 14B are currently designated as retail/office, with the ability to convert 29,000 square feet of retail/office to as many as 100 town-house dwelling units, with a “build-out” date of December 30, 2016.  Of the 49.5 acres, only 15.1 are stated to be developable (15.1developable acres – 3.86 Inwood = .11.24 acres of residual developable land).   Oviedo and Seminole County DRI Development Orders – Each was amended during 2005, extending the build out date to late 2007.  Additionally, The Oviedo DRI Development Order removed 10,000 SF of retail space from Parcel 13 (which is adjacent to Tuscawilla Units 7 & 13 in Winter Springs) and replaced it with 180 townhouses.    Amended Settlement Agreement- The Amended Settlement Agreement of 1995 prohibits development within 250’ of the boundary of the project, requires stepping the height of buildings depending upon the setback distance, and requires a buffer to the residential areas.  Bike Paths and Pedestrian Walkways are required as alternative forms of transportation on the project site.  Winter Springs may, but is not required to provide municipal services to Parcel 14.    NOPC to the DRI Development Order:  The applicant proposed to amend the DRI Development Order for Parcel 14 as follows: 1) Add townhouse to the equivalency matrix; 2) Convert 29,000 SF (of the 160,000 SF total retail use allocated to this parcel) into 132 residential units; and 3) extend the build out date from 12/31/05 to 12/30/07, an extension of two years, less one day. The City Commission approved the request, but allowed a maximum of 100 residential town-home units.  In 2007, the Florida legislature passed HB 7203, which amended Chapter 380, FS (Subsection 380.06 (19) (c), FS), to state that any DRI under active construction as of July 1, 2007 (the word “construction” was not defined) was extended for three (3) years free and clear without any need for an NOPC.  The Commission approved the concept of substituting up to 100,000 square feet of indoor storage for retail at its August 10, 2009 meeting.  The proposed Second Implementation Agreement, if approved, would revise the Second Implementation Agreement to permit the Developer an additional option for single- family residential units on Parcel 14-B.  This option would be in addition to the previously approved townhouse/condominium, ILF or ALF developments, each of which is subject to certain maximum number of units if the entire remaining developable portion of Parcel 14- B were devoted to the single unit type.    Additional Information relative to the Oviedo Marketplace DRI: Pursuant to Chapter 2010-147 Laws of Florida, the project buildout date for Phase 3 of the Oviedo Marketplace DRI has been extended to December 30, 2016.   Facilities and Services Mitigation for all traffic impacts through the build out date has been completed.  As stated in the Seminole County Development Order, the Seminole County Commission has determined that “adequate public facilities are available for Phase 1, Phase 2, and Phase 3 of Phase 3 of the development plan includes development of Parcel 14 the Project.”  (parcels 14A and 14B).  Regular 603 PAGE 4 OF 8 - March 26, 2012   Major access to the site is by way of Red Bug Lake Road, a 6-laned minor arterial roadway, currently operating at Level of Service “B”, between Slavia Road and SR 417.  The Development Order is required to not reduce the levels of service below the adopted level of service standards (9J-5.0055, FAC).  The site has direct access to Dovera Drive and there is a recorded cross-access easement between Parcel 14B and the adjacent property to the south along Dovera Drive (Lot 12).    Seminole County currently provides water and sanitary sewer via a utility service agreement between Seminole County and the City of Winter Springs.  The County has indicated that there is sufficient capacity to serve the development without lowering the County’s adopted level of service.     Fire and Police have in place a First Responder Agreement, which means that the closest station responds to the emergency.  The closest station to Parcel 14 is Seminole County Fire Station 27 on Red Bug Road.  The closest Winter Springs Fire Station is Station 26 on Northern Way in Tuscawilla.   Compatibility with Surrounding Development The proposed development is compatible with surrounding uses including the Florida Hospital Sports Medicine and Rehabilitation Facility.   Compatibility with Comprehensive Plan The proposed change is consistent with the adopted future land use designation of Mixed Use (which allows residential along with retail and office commercial and which stipulates that no more than 75% of any one type of land use will be permitted to dominate the site [Future Land  Use Element, Policy 4.2.1]).   Traffic Analysis Parcel 14 of the Oviedo Marketplace Development of Regional Impact originally allowed a retail/office land use of up to 160,000 square feet (SF).  A Notice of Proposed Change (NOPC) was approved by the City Commission on March 27, 2006 allowing 29,000 SF of the 160,000 SF of retail/office use on Parcel 14 to be converted to a maximum of 100 residential townhome units.  Of the remaining 131,000 SF of retail/office, 45,000 SF has been consumed by the existing Inwood office building, leaving 86,000 SF of available retail/office use on Parcel 14.   The current proposal would revise the Second Implementation Agreement to permit the Developer an additional option for single-family residential units on Parcel 14-B.  This option would be in addition to the previously approved townhouse/condominium, ILF or ALF developments, each of which is subject to certain maximum number of units if the entire remaining developable portion of Parcel 14-B were devoted to the single unit type.  Any integration of two or more of the proposed options would be subject to the residential unit ratios contained in Section 4.B. of the attached Second Implementation Agreement.   As shown in the table below, the proposed land use change to storage / mini-warehouse results in a significant reduction in the potential daily trip generation for Parcel 14.   Regular 603 PAGE 5 OF 8 - March 26, 2012   Land Use Size Daily Trip Generation (ITE) Original Plan      Retail / Office 160,000 SF 9,218       NOPC Update March 2006     Retail / Office 131,000 SF 8,094 Townhome / Condo 100 units 642 Total  8,736            Current Plan      Inwood Office Building 45,000 SF 721 Retail / Office 86,000 SF 6,157 Townhome / Condo 100 units 642 Total  7,520      Proposed Plan     Inwood Office Building 45,000 SF 721 Residential (36 fee simple, 36 units 345 single family residential units) * Total  1,066        * Residential units may consist of either fee simple, 36 detached single family residential units, 100 townhouse/condominium units, 184 senior adult housing units (Independent living facility), or 318 beds (Adult Congregate Living Facility/Continuous Care Retirement Center).  Residential unit types may be mixed as long as the total daily residential trip generation does not exceed 642. FISCAL IMPACT: The applicant is requesting that the remaining portion of Parcel 14-B, currently approved for a maximum of 184 independent living units (ILF), a maximum of 318 assisted living beds (ALF), or a combination of the two uses, also be allowed an option for 36 fee simple, detached single family residential units, in addition to the townhouse/condominium units permitted pursuant to the Development Order.  Any approved use on Parcel 14B shall be subject to the conversion ratios set forth in the revised Second Implementation Agreement.           Regular 603 PAGE 6 OF 8 - March 26, 2012     The potential tax revenue of the three proposed development scenarios is as follows:   Fee Simple Single Family Residential Units (36 units) Units (2327 square feet) - assessed at $90/square foot:      $7,539,480 assessed tax value $7,539,480/1000 = 7,539.48 7,539.48 (2.5600) = $19,301.07 $18,529.03 tax revenue $19,301.07 (less the 4% statutory discount) = Townhouse/Condominium (100 units) Units (1845 square feet) - assessed at $85/square foot:      $15,682,500 assessed tax value $15,682,500/1000 = 15,682.5 15,682.5 (2.5600) = $40,147.2 $38,541.31 tax revenue $40,147.2 (less the 4% statutory discount) = Independent living facility (184 units) 210,893 square feet – assessed at $70/square foot:          $14,762,510 assessed tax value $14,762,510/1000 = 14,762.51 14,762.51 (2.5600) = $37,792.03 $36,280.35 tax revenue $37,792.03 (less the 4% statutory discount) =       Assisted living facility (318 beds), aka: Continuous care retirement center 283,195 square feet – assessed at $70/square foot:          $19,823,650 assessed tax value $19,823,650/1000 = 19,823.65 19,823.65 (2.5600) = $50,748.54 $48,718.6 tax revenue $50,748.54 (less the 4% statutory discount) = COMMUNICATION EFFORTS: This Agenda Item has been electronically forwarded to the Mayor and City Commission, City Manager, City Attorney/Staff, and is available on the City’s Website, LaserFiche, and the City’s Server. Additionally, portions of this Agenda Item are typed verbatim on the respective Meeting Agenda which has also been electronically forwarded to the individuals noted above, and which is also available on the City’s Website, LaserFiche, and the City’s Server; has been sent to applicable City Staff, Media/Press Representatives who have requested Agendas/Agenda Item information, Homeowner’s Associations/Representatives on file with the City, and all individuals who have requested such information. This information has also been posted outside City Hall, posted inside City Hall with additional copies available for the General Public, and posted at five (5) different locations around the City. Furthermore, this information is also available to any individual requestors. City Staff is always willing to discuss this Agenda Item or any Agenda Item with any interested individuals.   RECOMMENDATION: S taff recommends the City Commission approve the revision to the Second Implementation  Agreement for Parcel 14-B of the Oviedo Marketplace PUD to allow additional flexibility in the composition of the residential development of Parcel 14-B to include fee simple, detached single-family residential units, townhouse/condominium units, an independent living facility; or an Assisted Living Facility ( also known as a continuous Regular 603 PAGE 7 OF 8 - March 26, 2012 care retirement center) on the remainder of Parcel 14-B, subject to the conversion ratios included in the revision to the Second Implementation Agreement.  Any proposed development request will still be subject to staff review and City Commission approval. ATTACHMENTS: Oviedo Marketplace Parcel 14B Second Implementation Agreement Regular 603 PAGE 8 OF 8 - March 26, 2012 Prepared By: Katherine W. Latorre Winter Springs Assistant City Attorney Brown, Garganese, Weiss & D’Agresta, P.A. 111 N. Orange Avenue, Suite 2000 Orlando, FL 32802-2873 (407) 425-9566 OVIEDO MARKETPLACE PARCEL 14B SECOND IMPLEMENTATION AGREEMENT THIS SECOND IMPLEMENTATION AGREEMENT (“Agreement”) is entered into as th CITY OF WINTER SPRINGS of the 26 day of March, 2012, between the , a Florida municipal THE VIERA COMPANY corporation (“City”), and , a Florida corporation (“Developer”). W I T N E S S E T H: WHEREAS , the purpose of this Agreement is to implement the Oviedo Marketplace Development of Regional Impact (“DRI”) Development Order for the development of Parcel 14B; and WHEREAS , Developer is the owner in fee simple of certain real property known as “Parcel 14B” containing approximately 11.265 acres subject to development, more or less, located in the City of Winter Springs within the Oviedo Marketplace DRI, legally described herein (“Property”); and WHEREAS , the Property is subject to that certain City of Winter Springs DRI Development Order for Oviedo Marketplace (formerly Oviedo Crossing) dated November 12, 2001 and recorded January 17, 2002 in Official Records Book 4298, Page 1855 of the Public Records of Seminole County, Florida (“Winter Springs DO”) as amended by that certain First Amendment to the DRI Development Order for Oviedo Marketplace dated February 27, 2006 and recorded May 3, 2006 in Official Records Book 06228, Page 1402, of the Public Records of Seminole County, Florida (“First Amendment to Winter Springs DO”) and as implemented by that certain Oviedo Marketplace Parcel 14B Implementation Agreement dated October 29, 2009 and recorded November 19, 2009 in Book 7290, Page 1801, Public Records of Seminole County, Florida (the “First Implementation Agreement”). The Winter Springs DO, the First Amendment to Winter Springs DO and the First Implementation Agreement are hereinafter collectively referred to herein as the “Development Order”; and WHEREAS , the Property is zoned P.U.D. in accordance with the Code of Ordinances, City of Winter Springs, Chapter 20, Article IV, Planned Unit Developments, Division 2. Part A. Planned Unit Developments, which such zoning classification authorizes residential dwelling units and supportive commercial and/or industrial land uses so long as they are complimentary to and compatible with each other; and Second Implementation Agreement City of Winter Springs / The Viera Company Page 1 of 8 WHEREAS , the Development Order authorizes “Residential” development on the Property; and WHEREAS , Developer has requested that the City authorize the development of the residential portion of the Property as fee simple, detached single family units; fee simple, attached townhome or condominium residences; an independent living facility; an assisted living facility; or any combination of these uses, pursuant to the terms and conditions of this Agreement; and WHEREAS , the City and Developer desire to memorialize their mutual understanding and agreement as to the character and scope of the “Residential” development of the Property consistent with the terms of the Development Order; and WHEREAS , the City finds that fee simple, detached single family units; fee simple, attached townhome or condominium residences; an independent living facility; and/or an assisted living facility, subject to the limitations set forth herein, are consistent with the Property’s development designation of “Residential” as set forth in the Development Order and further, that such uses are complimentary to and compatible with the other uses allowed on the Property pursuant to the Development Order and with existing development adjacent to the Property; and WHEREAS, the City desires to provide Developer with a certain amount of flexibility related to the residential development so that the Property may be developed with a blend of uses to meet a variety of the City’s needs, while ensuring that any such development does not become inconsistent with the City’s previous approval for residential development; and WHEREAS , to insure that any residential development now or hereafter constructed on the Property is complementary to and compatible with other uses allowed on the Property pursuant to the Development Order and with existing development adjacent to the Property, the City has requested that Developer place further restrictions on the Property to prohibit non-complementary and incompatible residential uses on the Property; and WHEREAS , the City is authorized to regulate the development of the Property; and WHEREAS , Developer is agreeable to further restricting the Property to insure that any residential development now or hereafter constructed on the Property is complementary to and compatible with the other permitted and existing uses on the Property and consistent with the Development Order. NOW, THEREFORE , in consideration of the sum of Ten Dollars ($10.00) and other valuable considerations, the receipt and sufficiency of which are hereby acknowledged by the City, the parties hereto agree as follows: Recitals. 1. The foregoing recitals are true and correct and are hereby incorporated herein by this reference as a material part of this Agreement. Second Implementation Agreement City of Winter Springs / The Viera Company Page 2 of 8 Authority. 2. This Agreement is entered into pursuant to the Florida Municipal Home Rule Powers Act. Property. 3. The Property subject to the terms and conditions of this Agreement is Exhibit “A,” legally described in attached hereto and fully incorporated herein by this reference. Residential Development. 4. The City hereby finds that fee simple, detached single family units; fee simple, attached townhome or condominium residences; an independent living facility (“ILF”); an assisted living facility (“ALF”); or any combination of same, subject to the limitations set forth herein, are consistent with the “Residential” use designation on the Property. Developer shall develop the 100 residential units authorized on the Property by the Development Order, subject to the following limitations and conditions: A. Authorized Residential Uses. Residential development on the Property shall be limited to the following uses and any uses not specifically stated in this subsection shall be strictly prohibited on the Property: i. Single Family Units. Single family units shall be fee simple, detached single family residences. ii. Townhomes or Condominiums. Townhomes or condominium units shall be fee simple attached residences. iii. ILF. For purposes of this Agreement, an ILF shall mean and refer to a residential housing project for older persons which is developed, marketed and administered to restrict residents under a specific age and containing units intended for occupancy by at least one (1) person of a specific age or older, all in a manner which is lawful and in full compliance with all federal, state and local laws, ordinances and requirements applicable to housing projects for older persons. The term “ILF” for purposes of this Agreement shall not include residential development which is not age restricted in accordance with the laws referenced above, even if said development may be marketed to retired persons or is predominantly composed of older or retired residents. iv. ALF. For purposes of this Agreement, an ALF is defined as any building, or buildings, or distinct part of a building, whether operated for profit or not, which undertakes, through its ownership or management, to provide housing, meals, and one or more personal services for a period exceeding 24 hours to one (1) or more adults who are not relatives of the owner or administrator. B. Residential Units. As used in this section, each one (1) “residential unit” shall equal: i. 0.56 fee simple, detached single family residential units; Second Implementation Agreement City of Winter Springs / The Viera Company Page 3 of 8 ii. One (1) fee simple, attached townhome or condominium residential unit; iii. 1.84 ILF units; or iv. 3.18 ALF beds. C. Combination of Residential Development. Developer may develop the Property in any combination of the authorized residential uses set forth above provided the total number of residential units does not exceed 100 total units and provided the total daily residential trip th generation does not exceed 642 trips pursuant to the ITE, Trip Generation, 7 Edition (as applied to 100 approved townhome units for Land Use 230). D. Conversion of Residential Development. Upon completion of the residential development of the Property, Developer shall be prohibited from converting any portion of the residential development to another residential use authorized by this Agreement without the prior, written consent of the City Commission. Compliance with Ordinances and Regulations. 5. Developer shall comply with all ordinances and regulations of the City (including, but not limited to, the City Land Development Regulations), which are applicable to the development of the Property. Representations of the Parties. 6. The City and Developer hereby each represent and warrant to the other that it has the power and authority to execute, deliver and perform the terms and provisions of this Agreement and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. This Agreement will, when duly executed and delivered by the City and Developer and recorded in the Public Records of Seminole County, Florida, constitute a legal, valid and binding obligation enforceable against the parties hereto and the Property in accordance with the terms and conditions of this Agreement. Developer represents that it has voluntarily and willfully executed this Agreement for purposes of binding the Property to the terms and conditions set forth in this Agreement Successors and Assigns. 7. This Agreement shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective successors and assigns. The terms and conditions of this Agreement similarly shall be binding upon the Property and shall run with title to the same. Applicable Law; Venue 8.. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. The parties agree that venue shall be exclusively in Seminole County, Florida, for all state disputes or actions which arise out of or are based upon this Agreement, and in Orlando, Florida, for all federal disputes or actions which arise out of or are based upon this Agreement. Second Implementation Agreement City of Winter Springs / The Viera Company Page 4 of 8 Amendments 9.. This Agreement shall not be modified or amended except by written agreement duly executed by both parties hereto (or their successors or assigns) and approved by the City Commission. Entire Agreement; Exhibits 10.. This Agreement and all attached exhibits hereto supersede any other agreement, oral or written, regarding the Property and contain the entire agreement between the City and Developer as to the subject matter hereof. The Exhibits attached hereto and referenced herein are hereby fully incorporated herein by this reference. Severability 11.. 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. Effective Date 12.. This Agreement shall become effective upon approval by the City Commission and execution of this Agreement by both parties hereto. Recordation 13.. This Agreement shall be recorded in the Public Records of Seminole County, Florida. Relationship of the Parties 14.. The relationship of the parties to this Agreement is contractual and Developer is an independent contractor and not an agent of the City. Nothing herein shall be deemed to create a joint venture or principal-agent relationship between the parties, and neither party is authorized to, nor shall either party act toward third persons or the public in any manner, which would indicate any such relationship with the other. Sovereign Immunity 15.. Notwithstanding any other provision set forth in this Agreement, nothing contained in this Agreement shall be construed as a waiver of the City’s right to sovereign immunity under section 768.28, Florida Statutes, or other limitations imposed on the City’s potential liability under state or federal law. As such, the City shall not be liable, under this Agreement for punitive damages or interest for the period before judgment. Further, the City shall not be liable for any claim or judgment, or portion thereof, to any one person for more than one hundred thousand dollars ($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). City's Police Power 16.. Developer agrees and acknowledges that the City hereby reserves all police powers granted to the City by law. In no way shall this Agreement be construed as the City bargaining away or surrendering its police powers. Interpretation 17.. The parties hereby agree and acknowledge that they have both participated equally in the drafting of this Agreement and no party shall be favored or disfavored regarding the interpretation to this Agreement in the event of a dispute between the parties. Second Implementation Agreement City of Winter Springs / The Viera Company Page 5 of 8 Third-Party Rights 18.. 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. Specific Performance 19.. 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. Attorney's Fees 20.. 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. Development Permits 21.. Nothing herein shall limit the City's authority to grant or deny any development permit applications or requests subsequent to the effective date of this Agreement. The failure of this Agreement to address any particular City, County, State and/or Federal permit, condition, term or restriction shall not relieve Developer or the City of the necessity of complying with the law governing said permitting requirement, condition, term or restriction. Without imposing any limitation on the City’s police powers, the City reserves the right to withhold, suspend, or terminate any and all certificates of occupancy for any building or unit if Developer is in breach of any term and condition of this Agreement. Default; Opportunity to Cure. 22. Should either party desire to declare the other party in default of any term and condition of this Agreement, the non-defaulting party shall provide the defaulting party a written notice of default. The written notice shall, at a minimum, state with particularity the nature of the default, the manner in which the default can be cured, and a reasonable time period of not less than thirty (30) days in which the default must be cured. No action may be taken in a court of law on the basis that a breach of this Agreement has occurred until such time as the requirements of this paragraph have been satisfied. Termination. 23. The City shall have the unconditional right, but not obligation, to terminate this Agreement, without notice or penalty, if Developer fails to receive building permits and substantially commence construction of Project within three (3) years of the effective date of this Agreement. In addition, the City shall have the right, but not obligation, to terminate the Agreement if Developer permanently abandons construction of the Project, provided, however, the City shall first deliver written notice and an opportunity to cure as set forth in Section 22 herein. 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 these presents to be duly executed as of the day and year first written above. Second Implementation Agreement City of Winter Springs / The Viera Company Page 6 of 8 CITY OF WINTER SPRINGS , a Florida municipal corporation. By: Charles Lacey, Mayor ATTEST: By: Andrea Lorenzo-Luaces, City Clerk APPROVED AS TO FORM AND LEGALITY For the use and reliance of the City of Winter Springs, Florida only. Date: CITY SEAL By: Anthony A. Garganese, City Attorney for the City of Winter Springs, Florida Second Implementation Agreement City of Winter Springs / The Viera Company Page 7 of 8 Signed, sealed and delivered in the THE VIERA COMPANY , a Florida corporation. presence of the following witnesses: By: Print Name:___________________________ Signature of Witness Title:_________________________________ Printed Name of Witness Date: ___________________ Signature of Witness Printed Name of Witness STATE OF COUNTY OF The foregoing instrument was acknowledged before me this ____ day of ______________, 2012, by THE VIERA COMPANY ______________________, as _________________ of , a Florida corporation, on behalf of said company. He/She is personally known to me or produced __________________________________ as identification. (NOTARY SEAL) (Notary Public Signature) (Print Name) Notary Public, State of Commission No.: My Commission Expires: Second Implementation Agreement City of Winter Springs / The Viera Company Page 8 of 8