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HomeMy WebLinkAboutTab 13 Tuskawilla Office Park, L.L.C..pdfPrepared by and Return to: Anthony A. Garganese, City Attorney Brown, Ward, Salzman & Weiss, P.A. 225 E. Robinson Street, Suite 650 P.O. Box 2873 Orlando, Fl- 32802-2873 PARCEL I.D. NO. 01-21-30-501-0000-0550 rw "A" NDR9E, CLEF OF CIRCUIT COURT SEIRINOLE COUNTY BK 04347 PO 1670 CLERK'S 0 2002844030 RMRM 03/11/M 09113113 AN RECORDIN9 FEES 51.00 RECORDED BY L "inl#y BINDING DEVELOPMENT AGREEMENT THIS BINDING DEVELOPMENT AGREEMENT, made and executed this aQ day of 002, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City") whose address is 1126 East State Road 434, Winter Springs, FL 32708, and TUSKAWILLA OFFICE PARK, L.L.C., a Florida corporation ("TOP"), whose address is 800 Westwood Square, Suite E, Oviedo, FL 32765. WITNESSETH: WHEREAS, TOP is constructing an office park development on real property located within the City of Winter Springs, Florida; and WHEREAS, the real property is currently located within the City of Winter Springs and is currently part of the Winter Springs Town Center; and WHEREAS, the parties desire to memorialize their mutual understanding that the real property will be developed as TUSKAWILLA OFFICE PARK DEVELOPMENT project in accordance with the Town Center Zoning District requirements adopted by the City, (the "Project"); and WHEREAS, the City Commission has recommended entering into a Binding Development Agreement, ("Agreement"), with TOP for the development of the Project; and CERTIFIED COPY MARYANNE MORSE CLERK OF CIRCUIT COURT SEM�NOI-E COQNT . JL0F1Dd i MAR 1 1 M FILE NUM 2002844030 OR BOOK 04347 PAGE 1671 WHEREAS, in addition to TOP's compliance with all City Codes, permitting and construction not in conflict herein, the City and TOP desire to set forth the following special terms and conditions. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: Section 1. Recitals. The foregoing recitals are hereby incorporated herein by this reference. Section 2. Authority. This Agreement is entered into pursuant to the Florida Municipal Home Rule Powers Act. Section 3. Sub'ect Property.. The real property ("Property") which is the subject to, and bound by, the terms and conditions of this Agreement is legally described on Exhibit "A" attached hereto and made a part hereof by reference. 'Section 4. Representations of TOP. TOP hereby represents and warrants to City that TOP 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 TOP and recorded in E the public records of Seminole County, Florida, constitute a legal, valid and binding obligation enforceable against TOP and the Property in accordance with the terms and conditions of this Agreement. TOP represents it has voluntarily and willfully executed this Agreement for purposes of binding the Property to the terms and conditions set forth in this Agreement. -2- FILE NUM 2002A44030 OR BOOK 04347 RAGE 1672 Section 5. TOP's Obligations and Commitments. In consideration of the City entering into this Agreement with TOP, TOP voluntarily agrees as follows: (a) Office Structures. All office structures located on and fronting the Tuskawilla Road (Lots 1-4) shall be two (2) stories in height. All other office structures may be either one (1) or two (2) stories in height, however, TOP understands the City prefers two (2) stories pursuant to the Town Center District Code. (b) Fencing. Vinyl picket fencing four (4) feet in height shall be installed fifteen feet (15') from the north property line behind Lots 4-11 and in compliance with all City Code requirements. The design of said fence shall be acceptable to the City. (c) Wetland Buffer. In consideration of the peculiar site constraints, the property will be developed with a fifteen -foot (I Y) wetland vegetative buffer provided said buffer is permitted by the St. Johns River Water Management District and approved by the City Commission in accordance with the City's Comprehensive Plan. (d) Wall Buffer. A six (6) foot high brick wall shall be constructed along the south property line (Oak Forrest Subdivision) from Tuskawilla Road to the west end of the detention pond. Said wall shall be fully constructed prior to the first building permit a being issued for the office structures except a building permit may be issued for, and an oiicd structure constructed on, Lot 4 simultaneously with the construction of the I/ wall. -3- FILE NUM 2002844030 OR BOOK 04347 PAGE 1673 (e) Dumpster Pad. No Dumpster Pad shall be located along the south (Oak Forrest Subdivision) or State Road 434 property lines. A Dumpster Pad shall be located near Lot 4 (f) Lighting. All exterior lighting on the Property will be directed inward towards the Property, so as to minimize or eliminate the effects of glare on the adjacent residential property, particularly the Oak Forrest Subdivision. (g) Additional Tree Buffer. TOP acknowledges that due to site restrictions on the Property, there are several landscape gaps depicted on the Landscape Plan along the south boundary where no oak trees can be planted on the Property ("Landscape Gap"). In order to fill in the Landscape Gaps with oak trees, TOP agrees to offer the Oak Forrest Subdivision lot owners located adjacent to the south side of the wall and a Landscape Gap, an opportunity to have installed, on their lot, at TOP's expense, a 34" caliper oak tree(s) with a height of at least 6-8 feet. Said oak trees shall be installed in addition to the landscaping required on the Landscape Plan and prior to the completion of the wall at a spacing distance of 45 feet, unless a lot owner states in writing that they do not desire a tree(s) in which case the spacing distance may be greater to accommodate that lot owner's desire not to have a tree. Any tree planted pursuant to this subparagraph (g) shall be counted for purposes of satisfying TOP's I/ Tree Replacement requirements. TOP shall also require the nursery providing the oak trees to provide each lot owner with the nursery's standard tree warranty. Ma FILE NUM 2002844030 OR BOOK 04347 PAGE 1674 (h) Parks. A land area west of Lots 1-3 shall be developed as a passive park including paved walkways, park benches, street lighting, and landscaping material suitable to the City and consistent with the Town Center design theme of the Project. Final details shall be subject to the City Manager's approval. (i) Arbor Ordinance Re uirement. (A) In consideration of trees which shall be cut, removed or destroyed from the property by TOP or its agent, TOP'shall replace trees or monetarily compensate the City as provided in the Arbor Ordinance according to the Tree Replacement Assessment established by the City. TOP may deduct from their Tree Replacement Assessment, Tree Replacement credits based on the number of replacement credits as provided in the Preferred Plant List, provided that: (i) All plant materials are Florida Grades and Standard One (1) or better; and (ii) All plant materials are properly installed; maintained and replaced as deemed necessary under the City's Arbor Ordinance. (iii) Tree removal inspection fee to be capped at $200.00 for all trees to be removed on the Property (iv) The landscape plan for the proposed development to which the credits are to be applied is prepared by a landscape architect licensed by the State of Florida. (B) For purposes of this Section 5, the following words shall have the meaning ascribed below unless the context clearly indicates otherwise -5- FILE NUM 22002844030 OR BOOK 04347 PAGE 1675 (i) "City Arbor Ordinance." City Arbor Ordinance shall mean Chapter 5 of the City Code of Ordinances otherwise known as the city Arbor Ordinance. "Preferred Plant List." Preferred Plant List shall mean that list of plant materials and corresponding Tree Replacement Credits shown in Exhibit "B" of this Agreement. (iii) "Tree Replacement Assessment." Tree Replacement Assessment shall mean the total amount of monetary compensation owed to the City of Winter Springs as provided in the Arbor Ordinance for the replacement of trees cut, destroyed, or removed from a property in the City as a result of development or redevelopment (iv) Tree Replacement Credit. Tree Replacement Credit shall be equal to One Hundred Dollars ($100.00) and no cents in tree replacement value. Additionally, TOP agrees to install and maintain in a first class condition landscaping on the Property in accordance with the Landscape Plan attached hereto as Exhibit "C," which is hereby fully incorporated herein by this reference. TOP shall promptly replace dead trees and shrubs to a condition equal to or better than required by the Landscape Plan. (j) Setbacks. Building front set back shall be 0-10 feet, side set back shall be 0-10 feet and rear set back shall be 0-10 feet. Section 7. 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. M FILE NUM 2002A44030 OR BOOK 04347 PAGE 1676 Section 8. Applicable Law. This Agreement shall be governed by and construed in } accordance with the laws of the State of Florida. Section 9. Amendments. This Agreement shall not be modified or amended except by written agreement duly executed by both parties hereto and approved by the City Commission. Section 10. Entire Agreement. This Agreement supersedes any other agreement, oral or written, and contains the entire agreement between the City and TOP as to the subject matter hereof. Section 11. 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. Section 12. Effective Date. This Agreement shall become effective upon approval by the City of Winter Springs City Commission and execution of this Agreement by both parties. Section 13. Recordation. This Agreement shall be recorded in the public records of Seminole County, Florida, and shall run with the land. Section 14. Relationship of the Parties. The relationship of the parties to this Agreement is contractual and TOP 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. Section 15. Sovereigil Irnmunitv_. 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. -7- FILE NUM 2002844030 OR BOOK 04347 PAGE 1677 Section 16, City's Police Power. TOP 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. Section 17. Inter retation. 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. Section 18. Permits. The failurebfthis Agreement to address any particular City, county, state, and federal permit, condition, term, or restriction shall not relieve TOP or the City of the necessity of complying with the law governing said permitting requirements, conditions, term, or restriction. Section 19. 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. Section 20. Specific Performance. Strict compliance shall be required with each and every provision of this Agreement. The parties agree that failure to perform the obligations provided by this Agreement shall result in irreparable damage and that specific performance of these obligations may be obtained by suit in equity. Section 21. Attorne 's Fees. In connection with any arbitration or litigation arising out of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and costs through all appeals to the extent permitted by law. Section 22. Future Rezoninps/Development Permits Nothing herein shall limit the City's authority to grant or deny any firture rezoning or development permit applications or requests -8- FILE NUM 2002844030 OR BOOK 04347 PAGE 1679 EXHIBIT "A" The real property ("Property") which is the subject to, and bound by, the terms and conditions of this Agreement is legally described on Exhibit "A" attached hereto and made a part hereof by reference. Legal description: THAT PORTION OF LOTS 53, 54, 55, 58, 59, 62, 63 AND THOSE UNIMPROVED RIGHT-OF-WAYS LYING BETWEEN LOTS 55 AND 58, LOTS 59 AND 62 AND THE NORTH'/Z OF THAT 30' VACATED RIGHT OF WAY LYING SOUTHERLY OF LOTS 55, 58, 59, 62 AND 63, D.R. MITCHELL'S SURVEY OF THE LEVY GRANT, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 1, PAGE 5 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHWEST CORNER OF THE AFOREMENTIONED LOT 63; THENCE RUN SOUTH 87002'40" EAST, ALONG THE SOUTH LINE OF LOT 63, A DISTANCE OF 62.14 FEET TO THE POINT OF BEGINNING; THENCE DEPARTING SAID SOUTH LINE RUN SOUTH 02057'20"WEST, A DISTANCE OF 15.00 FEET TO THE CENTERLINE OF A 30' UNIMPROVED RIGHT OF WAY VACATED IN OFFICIAL RECORDS BOOK 4112, PAGE 0597 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; THENCE RUN SOUTH 87002'40" EAST ALONG SAID CENTERLINE A DISTANCE OF 1129.20 FEET TO THE WESTERLY RIGHT-OF-WAY OF TUSKAWILLA ROAD AS DESCRIBED IN OFFICIAL RECORDS BOOK 3603, PAGE 1095 OF THE PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; SAID POINT LYING ON A CURVE CONCAVE NORTHWESTERLY HAVING THE FOLLOWING ELEMENTS: A RADIUS OF 5677.58 FEET, A CENTRAL ANGLE OF 03042'36", A CHORD LENGTH OF 367.57 FEET AND A CHORD BEARING OF NORTH 12013'06" EAST; THENCE FROM A TANGENT BEARING OFNORTH 140 04'24"EAST, RUN NORTHEASTERLY ALONG SAID RIGHT OF WAYAND THE ARC OF SAID CURVE A DISTANCE OF 367.64 FEET TO THE POINT OF REVERSE CURVATURE OF A CURVE CONCAVE SOUTHEASTERLY HAVING THE FOLLOWING ELEMENTS: A RADIUS OF 5781.5 8 FEET, A CENTRALANGLE OF 01 ° 12' 46 ", A CHORD LENGTH OF 122. 3 8 FEET AND A CHORD BEARING OF NORTH 1005 8' 1 1 " EAST; THENCE RUN NORTHEASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 122.3 8 FEET; THENCE DEPARTING SAID CURVE AND RIGHT OF WAY LINE RUN SOUTH 20020'33" WEST, A DISTANCE OF 64.52 FEET; THENCE RUN SOUTH 4503 8' 29" WEST, A DISTANCE OF 5 9.63 FEET; THENCE RUN SOUTH 7103 0' 3 8" WEST, A DISTANCE OF 48.60 FEET; THENCE RUN NORTH 75028'56" WEST, A DISTANCE OF 27.98 FEET; THENCE RUN NORTH 54016'32" WEST, A DISTANCE OF 44.31 FEET; THENCE RUN SOUTH 44013' 12" WEST, A DISTANCE OF 18.82 FEET; THENCE RUN SOUTH 51 ° 18'33" WEST, A DISTANCE OF 345.75 FEET; THENCE RUN SOUTH 86031'22" WEST, A DISTANCE OF 82.36 FEET; THENCE RUN NORTH 6203 T 17" WEST, A DISTANCE OF 63.47 FEET; THENCE RUN SOUTH 76027'47" WEST, A DISTANCE OF 62.38 FEET; THENCE RUNNORTH 84034' 12"WEST, A DISTANCE OF 83.22 FEET; THENCE RUN SOUTH 76044'49" WEST A DISTANCE OF 45.06 FEET; THENCE RUN NORTH 81 ° 18'28" WEST, A DISTANCE OF 49.25 FEET; THENCE RUN SOUTH 85001'56"WEST, A DISTANCE OFF 48.02 FEET, THENCE RUN SOUTH 52042'01"WEST, ADISTANCE OF 67.33 FEET, THENCE RUN SOUTH 800I T 21"WEST, A DISTANCE OF 52.69 FEET; THENCE RUN SOUTH 03027'55" WEST, A DISTANCE OF 23.12 FEET; THENCE RUN SOUTH 69034'23" WEST, A DISTANCE OF 95.27 FEET; THENCE RUN NORTH 82016'34" WEST, A DISTANCE OF 77.56 FEET; THENCE RUN SOUTH 84055'50" WEST, A DISTANCE OF 75.60 FEET TO THE POINT OF BEGINNING. CONTAINING: 199,036 SQUARE FEET (4.569 ACRES) +/- K:/rSW/Jl/LEGAL DESCRIPTION.DOC REV 8/6/01 JEM FILE NUM 2002844030 OR BOOK 04347 PAGE 1680 EXHIBIT "B" JUN-20-2201 -7:27 CHC DEUELOPhEhR 407 841 1523 P.09,108 CREDIT AVERAGE CREDIT NET TREE ort LA (W SHRUR NAME SIZE RATIO COST VALUE GAIN Youpori Holly Nluld4runk 25-30 gal -A, 2-1� $ 00.00 20.00 i S 200.00 200.00 S S 110.00 110.00 Slrrlpa❑nst❑pper pygmy Rat. Palm, dbt. 25.30gal.,6' 30 gal., 4' 2-1 3.1 S S 125.00 i 300.00 S 175.00 Buda-PInCo Palm 30 pal„ 6 3.1 3.t i too.00 t 150,00 S S 300,00 300.0D $ $ 175,00 175.00 European Fan Palm 30 gal., 4' 30 5' 3-1 S 100.0o S 300.00 S 175.00 Chirism Fan Palm Canary Isisrd Dale Palm gal., 30 Qal.. A' Date Palm, P_ datWITere 30 gal., 4' 314 S 100,00 S 150.00 a $ 300.00 300.00 $ S 175.00 130.00 Windrngl Palm 30 Col., 6' 30 gal.. 3' 3-1 3-1 $ 150.00 S 300.00 S 150.00 saoa uW6 Gem Magnolia 25-30 ga1.,6' 3-1 i 100.00 S 300.00 S 200.00 Red Bud 2S-30ga1.,6' 3-1 S 123.00 6 300.00 S 175,00 Cardinal Holly 25-30 gal.N 3-1 S 125.00 $ 300.00 S 175.00 Feetive Holly 25-30 gal..V 3.1 S 123.00 S 300.00 S 175,00 Robin Holly 2S-30 gal.,5' 3.1 $ 126.00 S 309.00 S 176.00 OeRleaf Hour 25-30 gaL,6' 3-1 S 125.00 $ 300.00 $ 115,00 Spartan Juniper 25-30 gal.,5' 3-1 5 115.00 S 300,00 $ 155.00 Torviose Juniper 25-M gel.,e' 2.1 $ 00,00 S 200.00 $ 110.00 Flowering Dopwaod 26.30 gal„ 6' 3.1 S-125,00 4 300.00 $ 175.00 Cameilla 25-30 061.,E 3-1 S 145.90 $ 300.00 S 155,00 Japanese Blusberry 25-30 gal„ 6' 3.1 5 120.00 i 300.00 S 180.00 LoblaDySay 25-30galj' 2-1 $ 20,00 S 200.00 S 110.00 Llprighl Yaupon HOMY 15 gal- 6' 2.1 S 90.00 S 200.00 S 110.00 Weeping Yeupon HG1ly 25.30 Qal..S' 3-1 S 100.00 S 300.00 S 200.00 200.00 Larapatelum Standard 150e1., 6' 3-1 5 100.00 S 300,00 3 Chickasaw Plum 25 Qol., e' 2-1 5 85.00 S 200.00 S 105.00 Red Rnrknya 15 gal., 5' 2.1 S 50.00 $ 2DO.00 $ 150,00 Myrtle Oak 15 pal., 5' 3-1 S 56.00 9 200.00 ; 15n rill Cretaegua 11091..6' 2-1 S $0.00 S 200.00 S 150.00 Fdnpe Tree 15 gal. 6' 2-1 $ 60,00 $ 2W.00 6 150,00 Teb"8 30 9a1., 6' 2-1 $ 75.00 S 200.00 S 126.00 6aunlnle pelpinla IOgai„ 5' 2-1 S 50.00 $ 200.00 S 160.00 SweelyTea Oliva 1$ gal.. 6' 2.1 3 $0.00 $ 200.00 S 150,00 Upuarrum atwAard 43 gal jl-10' 5.1 $ 300.00 3 W0,00 S 200.00 Crape Myrtle Standard 45 gal„5-10' S•1 S 350.00 S 500.00 S 150.00 Yaupon Holly Standard 26-M gal.& 31 S 100.90 S 300.00 $ 200.00 Wafler'a Vibumum 94ardard 25-M Qal„ 5' 31 S 100.00 S 300.00 S 200.00 Needle palm 25-30 ga1.,T 4.1 S 200,01) S 400.00 S 200.00 PYM paw pofm. triple 30 gal., 4' 3-1 S 150.90 S 300.00 S 160.00 Dudmpindo Patin 65 gal., it 4-1 S 200.00 6 400.00 S 200.00 European Fen PQIm 65 gel., S 5-1 S 25o_DO $ 50.00 S 250.00 Chinese Fell Palm 65 geL, V 5-1 S 250.00 6 500.00 S 280,00 Canary Island Date Palm 65 gal., V 54 S 250.00 $ 500,00 6 260,00 Data Palm, P. ddW fsrs 55 gal., 5' 5-1 S 250.00 s 5o0.00 5 250.00 Wintlmill Palm 65 gel.. 5' 6.1 S 300.00 $ 500.00 $ 200.00 Saga 65 gal., 4' 5-1 i 250.00 S 500.00 S 260.00 utt s Gem Magnolia 65 gal„ 5' 5.1 a 230.00 S 600.00 S 250.00 $partyn Juniper 65 gal„ 6' S-1 S 250-00 S 500.00 3 ' 250.00 Tonaoaa Juniper 65 gel., 6' 5-1 S 230.00 i 500.00 b 250.00 Cahloon Holly 65 gal.,10'xVx2' 5-1 S 225,00 S 500.00 $ 275.00 Uwe Oak 65 gal.,14'x6'xV 5.1 S 300.00 $ 500AD S 200.00 Winged Elm 55 Cal.,12'x5941/2 441 S 226.00 S 400.00 $ 175.00 Red Maple 65 ga1.,12'x5'x212 4-1 3 225.00 s 400,00 ri 175.00 TOT L F.09 42' 327 4753 P.08 TOTFL P.09 -11- 11111111I11 111111114Flow11NININNSIl011111IMF Prepared by and Return to: Anthony A. Garganese, City Attomey Brown, Garganese, Weiss & D'Agresta P.A. %1 225 E. Robinson Street, Suite 660 v P.O. Box 2873 Orlando, FL 32802-2873 MARYANNE MORSE, CLERK OF CIRCUIT COURT SEMINOLE COUNTY 8K 06253 PAs 0513 — 5181 (6p9s) CLERK'S # 2006081851 RtiWROED 05/19/2006 08103159 AM R LORDINf3 FEES 52.50 RECORDED BY L McKinley FIRST MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS FIRST MODIFICATION TO BINDING DEVELOPMENT AGREEMENT ("First Modification"), made and executed this 9th day of May, 2006, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City"), whose address is 1126 East State Road 434, Winter Springs, Florida 32708, and TUSKAWILLA OFFICE PARK, L.L.C., a Florida corporation ("TOP"), whose address is 800 Westwood Square, Suite E, Oviedo, Florida, 32765. RECITALS: WHEREAS, the parties previously entered into a Binding Development Agreement which is recorded in the Public Records of Seminole County at Official Record Book 04347, Page 1670 ("Binding Development Agreement"); and WHEREAS, the Binding Development Agreement binds that certain real property located within the City of Winter Springs as more particularly and legally described in Exhibit "A," which is attached hereto and fully incorporated herein by this reference ("Property"); and WHEREAS, TOP desires to construct and maintain an entrance feature and signage on the Property, which will be generally located along Tuskawilla Road as described in Paragraph 2.0 below ("Entrance Feature"); and WHEREAS, the City Commission on October 14, 2002 conceptually approved the Entrance Feature referenced herein; and WHEREAS, TOP and the City Commission desire to memorialize in writing the final approval of the Entrance Feature under the terms and conditions set forth herein by modifying the Binding Development Agreement; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Binding Development Agreement not expressly modified by this First Modification shall remain in full force and effect. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree to modify the Binding Development Agreement as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this First Modification. 2.0 Entrance Feature. The parties agree that TOP shall be allowed to construct a new decorative business Entrance Feature on the Property generally located along Tuskawilla Road under the following terms and conditions: 2.1 The Entrance Feature shall be constructed and perpetually maintained in complete conformity with the plans and specifications of the Entrance Feature described and depicted on the attached Exhibit "B," as approved by the City Commission on April 28, 2003, which are hereby fully incorporated herein by this reference. 2.2 It is the intent and purpose of this First Modification to limit the Entrance Feature for the Property to the Entrance Feature mentioned in Paragraph 2.1 above. 2.3 TOP shall apply for and obtain all governmental permits which are necessary to construct the Entrance Feature referenced in 0 Paragraph 2.1 above in compliance with all applicable local, state, and federal law. 2.4 TOP shall maintain the Entrance Feature referenced in Paragraph 2.1 in good and reasonable condition at all times. 2.5 Unless the City Commission by majority vote agrees to modify the Binding Development Agreement, as amended by the First Modification, TOP shall not change the exterior of the Entrance Feature in any material manner that would cause the Entrance Feature to appear differently than the Entrance Feature depicted in Exhibit "B." 3.0 Miscellaneous. All terms and conditions of the Binding Development Agreement which are not expressly and specifically modified by this First Modification shall continue to remain in full force and effect. (SIGNATURE PAGE FOLLOWS) 3 IN WITNESS WHEREOF, the parties have executed this First Modification as of the date first written above. •••.\, . Y ATTEST: �7 AN A LORENZO-LUACES Work COUNTY OF 0.Ak L rD M r� CITY OF Wiwrli �+��RII GS���'�� ' a Florida m Apalrati6e . By: .. a US D e: 'o. 1 , TUSKAWILLA OFFICE PARK, L.L.C. a Florida limited liability company By: WINDSWEPT J.D.I. INC., A Florida corporation, Its Manager By: WILLI ARR , 'dent Date: The foregoing instrument was acknowledged before m 2006, by WILLIAM BARRETT, President 5 .L.C., a Florida corporation, [L Kho is persona kn n to 4. Ile �SEP►L) " a M N V 4ay of 1ILLA OFFICE or [-�vva�aac- NOTA [7 C-, a - 6'�Al My commission expires: EXHIBIT 6%99 The real property ("Property") which is the subject to, and bound by, the terms and conditions of this Agreement is legally described on Exhibit "A" attached hereto and made a part hereof by reference. Legal description: THAT PORTION OF LOTS 53, 54, 55, 58, 59, 62, 63 AND THOSE UNIMPROVED RIGHT-OF-WAYS LYING BETWEEN LOTs 55 AND 5 8, LOTs 5 9 AND 62 AND THE NORTH %3 OF THAT 30' VACATED RIGHT OF WAY LYING SOUTHERLY OF LOTS 55, 58, 5 9,62 AND 63, D.R. MITCHELL'S SURVEY OF THE LEVY GRANT, ACCORDING TO THE PLAT TFIERE OFAS RECORDED INPLAT BOOK 1, PAGE 5 OF THE.. PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA; BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHWEST CORNER OF THE AFOREMENTIONED LOT 63; THENCE RUN SOUTH 87002'40" EAST, ALONG THE SOUTH LINE OF LOT 63, A DISTANCE OF 62.14 FEET TO THE POINT OF BEGINNING; THENCE DEPARTINGSAID SOUTH LINE RUN SOUTH02.5T20" WEST, ADISTANCE OF 15.00 FEETTOTHE CENTERLINE OF A 30' UNIMPROVED RIGHT OF WAY VACATED IN OFFICIAL RECORDS BOOK 4112, PAGE 0597 OF THE PUBLIC RECORDS OF SEMiNOLE COUNTY, FLORIDA; THENCE RUN SOUTH 87002'40" EAST ALONG SAID CENTERLINE A DISTANCE OF 1129.20 FEET TO THE WESTERLY RIGHT-OF-WAY OF TUSKAWILLA ROAD AS DESCRIBED IN OFFICIAL RECORDS BOOK 3603, PAGE 1095 OF THE PUBLIC RECORDS OF SEMTNOLE COUNTY, FLORIDA; SAM POINT LYING ON A CURVE CONCAVE NORTHWESTERLY HAVING THE FOLLOWING ELEMENTS: A RADIUS OF 5677.58 FEET, A CENTRAL ANGLE OF 03042'36", A CHORD LENGTH OF 367.57 FEET AND A CHORD BEARING OF NORTH 12013'06" EAST; THENCE FROMA TANGENT HEARING OF NORTH 14° 04' 24" EAST, RUNNORTHEAsTERLY ALONG SAIDRIGIIT OF WAY AND THE ARC OF SAID CURVE A DISTANCE OF 367.64 FEET TO THE POINT OF REVERSE CURVATURE OF A CURVE, CONCAVE SOUTHEASTERLYHAVING'THE FOLLOWINGELEMENTS: ARADrUS OF 5781.58 FEET,ACENTRALANGLE OF 01 ° 12'46", A CHORD LENGTH OF 122.38 FEET AND A CHORD BEARING OFNORTH 10058' 11"EAST; THENCE RUN NORTHEASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 122.38 FEET; THENCE DEPARTING SAID CURVE AND RIGHT OF WAY LINE RUN SOUTH 20°20' 33" WEST, A DISTANCE OF 64.52 FEET; THENCE RUN SOUTH 4503 8'29" WEST, A DISTANCE OF 59.63 FEET; THENCE RUNSOUTH 7111301 8"WEST, A DISTANCE OF 48.60 FEET; THENCE RUN NORTH 75028'56" WEST, ADISTANCE OF 27.98 FEET; THENCE RUN NORTH 54°16'32" WEST, A DISTANCE OF 44.31 FEET; THENCE RUIN SOUTH 44" 1 Y 12" WEST, A DISTANCE OF 18.82 FEET; THENCE RUN SOUTH 51"18'33" WEST, A DISTANCE OF 345.75 FEET; THENCE RUN SOUTH 86031'22" WEST, A DISTANCE OF 82.3 6 FEET; THENCE RUN NORTI3 6203 VI 7" WEST, A DIS TANCE OF 63.47 FEET; THENCERUN SOUTH 76027'47" WEST, A DISTANCE OF 62.38 FEET; THENCE RUNNORTH 84034' 12"WEST, A DISTANCE OF 83.22 FEET; THENCE RUN SOUTH 76044'49" WEST A DISTANCE OF 45.06 FEET; THENCE RUN NORTH 81018'28" WEST, A DISTANCE OF 49.25 FEET; THENCE RUN SOUTH 85001'56"WEST, A DISTANCE OF 48.02 FEET, THENCE RUN SOUTH 52042'01 "WEST, A DISTANCE OI 67.3 3 FEET, THENCE RUN SOUTH 80017'21 "WEST, ADISTANCE OF 52.69 FEET; THENCE RUN SOUTH 03°2T55" WEST, A DISTANCE OF 23.12 FEET; THENCE RUN SOUTH 69034'23" WEST, A DISTANCE OF 95.27 FEET; THENCE RUN NORTH 82016'34" WEST, A DISTANCE OF 77.56 FEET; THENCE RUN SOUTH 84055'50" WEST, A DISTANCE OF 75.60 FEET TO THE POINT OF BEGINNING. CONTAINING: 199,036 SQUARE FEET (4.569 ACRES) +/- K.IrSW RILEGALDESCRIPTION.DOC REV 816101 JEM -I- MEWSon ,Son low 0 M1W■ or 0 M1 01 0 0 Cc AN 0 RIL Alm 0 MEL JOE m