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HomeMy WebLinkAboutTab 17 Copy McGaba, LLC.pdfi f 0 THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Anthony A. Garganese, Esquire Brown, Salzman, Weiss & Garganesp, P.A. Post Office Box 2873 . Orlando, Florida 32802-2873 (407)425-9566 PARCEL I.D. NO.'S 26-20-30-5AR-OD00-0080 26-20-3 0-5A.R-OD00-009B fi:*YE 1:#.F.rh ffi-- C—IPWI cww WAU Chit' CLERK' 8 # a", exM0 AM WMI46 KfS 71 `) W—r,*T&D By 0 (pKe:tl -ey FILE COPY FOR RECORDING DEPARTMENT USE ONLY BINDING DEVELOPMENT AGREEMENT THIS BINDING DEVELOPMENT AGREEMENT, made and executed this day of March, 2003, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and McGABA, LLC., a Florida limited liability company ("McGaba"), whose address is 4986 Courtland Loop, Winter Springs, FL 32708. WITNESSETH: WHEREAS, McGaba is constructing a shopping center development on real property located within the City of Winter Springs, Florida; and WHEREAS, pursuant to the approval of the City of Winter Springs City Commission on March 24, 2003, McGaba desires to facilitate the orderly development of a shopping center (the "Shopping Center") on the Subject Property (defined in Section 3 below) as depicted in the site plan attached hereto as Exhibit "A" and incorporated herein by this reference (the "Site Plan"), in compliance with the laws and regulations of the City; and Page 1 of 12 WHEREAS, the City Commission has recommended entering into a Binding Development Agreement, ("Agreement"), with McGaba for the development of the Shopping Center, and WHEREAS, in addition to McGaba's compliance with all City Codes, permitting and construction not in conflict herein, the City and McGaba 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. Subject Property. The real property ("Subject Property") which is the subject to, and bound by, the terms and conditions of this Agreement is legally described on Exhibit `B" attached hereto and made a part hereof by reference. Section 4. Representations of McGaba. McGaba hereby represents and warrants to City that McGaba 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 McGaba and recorded in the public records of Seminole County, Florida, constitute a legal, valid and binding obligation enforceable against McGaba and the Subject Property in accordance with the terms and conditions of this Agreement. McGaba represents it has Page 2 of 12 voluntarily and willfully executed this Agreement for purposes of binding the Property to the terms and conditions set forth in this Agreement. Section 5. Obligations and Commitments. In consideration of the City and McGaba entering into this Agreement, the City and McGaba voluntarily agree as follows: (a) Buffer Wail and Buffer Area.. In compliance with Section 20-469 Buffers and Walls, Winter Springs Land Development Code, McGaba shall provide a 6' (measured from grade level) concrete panel buffer wall containing a dye cast brick or stone facing east to the Stone Gable Subdivision property to the reasonable satisfaction of the City (the "Wall"). The Wall shall be constructed as soon as reasonably practical and prior any permanent vertical construction for the Shopping Center. The City recognizes that prior to construction of the Wall, McGaba must: (i) clear a sufficient amount of the Subject Property for the eastern portion of the Shopping Center and the eastern and southern portion of the Service Driveway; (ii) install utilities and storm 1 sewer (and restore grading); and (iii) pour a portion of the concrete slab for the Shopping Center in order to utilize a portion of the concrete slab for the Shopping Center as a casting bed for pouring pre cast sections of the Wall. McGaba shall construct the Wall utilizing construction techniques that will preserve a total of 61 trees in the Buffer with a total of 582" in diameter at a breast height ("dbh") consisting of 44 oak trees with a total of 394" dbh and 17 palm trees with a total of 188" dbh. In the event that any of the 61 trees described above die or are damaged during the construction of the Shopping Center or for a period of 1 year after the last certificate of occupancy is issued for the Shopping Center, McGaba shall be required to replace any dead or damaged trees with like or similar species of trees properly approved by the City Forester. Such replacement shall be made according to the standard of 1 inch dbh total replacement for each 1 inch dbh of dead or damaged trees and shall occur within ninety (90) days of death or damage Page 3 of 12 unless a greater replacement period is granted by the City Forester for good cause. However, each replacement tree shall be a minimum of 4" dbh and may be planted outside the Buffer on the Subject Property upon the City's prior approval. McGaba shall not be required to place a wall in the area designated as a jurisdictional wetland by the St. John's River Water Management District or the United States Army Corps of Engineers .(the "Wetland"). The Wall shall be located around the east and south sides of the Subject Property land configured in a manner along the east side of the Subject Property (abutting the Stone Gable Subdivision) that provides approximately a thirty (30) foot buffer area between the Stone Gable Subdivision resident property lines and the service driveway that surrounds the Shopping Center (the "Service Driveway")'and meanders southward closer to the Stone Gable Subdivision to accommodate the storm water pond and then westward to the eastern most boundary of the 25 foot wetland buffer area in substantial conformity with the Site Plan (the "Buffer"). The Wall, Wetland, Service Driveway and Buffer are depicted on the Site Plan. (b) Tree Ordinance 1 Tree Replacement Assessment. Since McGaba originally filed its Application for Preliminary and Final Site Plan Approval prior to the adoption of Ordinance No. 2002-08 repealing Chapter 5, Winter Springs Land Development Code, regarding tree protection and preservation, McGaba is vested to a limited extent to be regulated under Chapter 5 of the Winter Springs Land Development Code as it existed prior to the adoption of Ordinance 2002-08 (Chapter 5 prior to its repeal shall be referred to as the "Tree Ordinance"). Particularly, McGaba is only vested with respect to tree removal and replacement rights and tree replacement assessments and credits as more specifically granted and set forth in the Site Plan and this Agreement. McGaba acknowledges and agrees that no other vesting from Ordinance 2002- 08 has been granted by the City. In the event that the approved Site Plan should ever be deemed Page 4 of 12 I to be abandoned pursuant to the City of Winter Springs Land Development Code, the limited vested right involving the Tree Ordinance granted hereunder shall no longer be applicable and any development on the Subject Property subsequent to such abandonment of the Site Plan shall comply with Ordinance 2002-08 as amended from time to time. Pursuant to the Tree Ordinance and in consideration of the trees on the Subject Property which shall be cut, removed or destroyed in connection with the development of the Shopping Center, McGaba shall be responsible for payment of the sum of ONE HUNDRED FOUR THOUSAND THREE HUNDRED AND NO/100 DOLLARS ($104,300.00) in fees to the City as a tree replacement assessment (the "Tree Replacement Assessment") and NINE THOUSAND SEVEN HUNDRED THIRTY AND NO/100 DOLLARS ($9,730.00) in arbor permit fees (the "Arbor Permit Fees"). The City hereby agrees that McGaba may deduct from the Tree Replacement Assessment and Arbor Permit Fees, certain tree replacement assessment and permit fee credits ("Credits") in the amounts designated for and in consideration of certain items as set forth in Exhibit "C" attached hereto and made a part hereof by reference. (i) McGaba shall receive $20,000.00 in Credits for its additional costs and expenditures associated with constructing the Wall utilizing special construction methods designed to preserve trees in the Buffer. The City recognizes that such construction techniques increase costs with respect to design, materials and installation costs and the Credit described above in this subparagraph (1) reflect the differences in such costs. Moreover, the placement of the Wall in this location and utilizing these construction techniques will help preserve the east side of the Subject Property in its natural state and save specimen and non -specimen trees; Page 5 of 12 (ii) McGaba shall receive $15,000.00 in Credits for conveying to the City that portion of the Subject Property comprising the Buffer, which is approximately .2107 acres as depicted on the Site Plan. Such deed of conveyance shall state the property is being conveyed -for conservation purposes to allow for a permanent natural tree buffer between the ,Shopping Center and the Stone Gable Subdivision. The deed shall be in a form deemed acceptable to the City Attorney prior to recording. Further, the Buffer property shall be free of all encumbrances, mortgages, liens, and other impediments to free and clear title at the time of conveyance to the City. McGaba shall be responsible for" maintaining the Wall and the deed of conveyance for the Buffer shall reserve a maintenance easement providing access for such purposes. McGaba shall convey the Buffer to the City prior to the issuance of any building permit from the City of Winter Springs for the construction of the Shopping Center. (iii) McGaba shall receive $5,020.00 in Credits for designing and developing the Shopping Center parking area and parking islands to save two (2) oak specimen trees depicted on the Site Plan, which total 50" dbh. The City hereby agrees to allow McGaba flexibility regarding the relocation of some parking islands in an effort to save said trees, provided that such relocation is acceptable to the City staff and does not reduce the number and size of the parking islands required by the City of Winter Springs Land Development Code. (iv) McGaba shall receive $20,000.00 in Credits for replacing 200 trees. Page 6 of 12 (v) McGaba's net arbor obligations shall be $54,010.00 and shall be payable to the City prior to issuance of the building permit for the shopping center on the Subject Property. (c) Stone Gable Deceleration Lane. If, within seven (7) years of the date hereof, the City and/or Florida Department ;of Transportation ("FDOT") determines that a deceleration lane on S.R. 434 is necessary to serve the Stone Gable Subdivision entrance in the area east of both entrances to the Subject Property (depicted on the Site Plan), McGaba shall provide a deed to the City conveying a portion of the Subject Property to the City or FDOT (only for such purposes) within thirty (30) days of a written request (referencing this Agreement) by the City or FDOT to do so subject to the restrictions set forth in this subparagraph (c). The area to be conveyed (the "Deceleration Lane Area") shall be an area no greater than eleven (11) feet in width and shall be located within the area to be used as a landscape buffer required by the City as shown on the Site Plan. Furthermore, the conveyance of the Deceleration Lane Area by McGaba to the City or FDOT shall not cause reconfiguration or relocation of either of the two (2) existing entrances to the Subject Property or the Shopping Center parking area in any manner. The Deceleration Lane Area is depicted on the Site Plan attached hereto. In addition, the parties hereby acknowledge that the conveyance of the Deceleration Lane Area may require re -location of the Shopping Center sign in proximity to that area. In such event, McGaba may remove and relocate such sign within the tract (in accordance with the City of Winter Springs Land Development Code) without modification of the Site Plan or other City processes or permits. (d) Tree Protection Guidelines. McGaba and its construction contractor's shall fully comply at all times with the Tree Protection Guidelines set forth in Exhibit "M attached hereto and made part hereof by reference. Page 7 of 12 �— 1 . �_L'C��i'� n�i_ru i.�.a,�e;, ; •�.1:;'�igc (e) Cross -Access Easements. In a form acceptable to the City Attorney, the following cross -access easement shall be granted to the City for public use and/or to the adjacent property owner in accordance with Section 20-472, Winter Springs Code, prior to the first Certificate of Occupancy for the Subject Property: (i) A vehicular and,:, pedestrian cross -access easement, centered approximately 170 feet south of the northwest corner of the Subject Property in a width acceptable to the City engineer, but no greater than twenty-five (25) feet. (f) Wetland Easements. Pursuant to the City of Winter Springs Comprehensive Plan, Conservation Element, Policy 1.4.4, McGaba shall dedicate to the City a conservation easement over all jurisdictional wetlands and wetland buffers depicted on the Site Plan. Said easement shall be in a form deemed acceptable to the City Attorney and said dedication shall occur prior to the issuance of a certificate of occupancy for the Subject Property. (g) Draina_gEasement. McGaba shall convey a drainage easement located at the southeast corner of the Subject Property, south of the stormwater retention pond, prior to the issuance of a certificate of occupancy for the Subject Property. Said easement shall be in a form deemed acceptable to the City Attorney. (h) S.R. 434 Median Trees. Any tree located within the S.R. 434 median that is damaged or removed by McGaba to accommodate the westbound left -turn median cut shall be replaced or replanted at a location deemed acceptable to the City. Damaged trees shall be replaced according to the standard of 1 inch dbh total replacement for each 1 inch dbh of damaged tree and shall be required to be replaced with a like or similar species of tree properly approved by the City Forester. Page 8 of 12 (i) Off --site Light Spillage. Off -site light spillage shall only be permitted at the main entrance of the Property so that the sidewalk and entrance along S.R. 434 are illuminated to enhance public safety. However, any such illumination shall not cause any unreasonable glare for motorists along S.R. 434 and shall first be approved by the City. Section 6. 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. Section 7. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. Section 8. 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 9. Entire Agreement. This Agreement supersedes any other agreement, oral or written, and contains the entire agreement between the City and McGaba as to the subject matter hereof. Section 10. 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 11. 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 12. Recordation. This Agreement shall be recorded in the public records of Seminole County, Florida, and shall run with the land. Section 13. Relationship of the Parties. The relationship of the parties to this Agreement is contractual and McGaba 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 Page 9 of 12 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 14. Sovereign In, munity. 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. Section 15. City's Police Power. McGaba 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 16. 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 to this Agreement in the event of a dispute between the parties. Section 17. Permits. The failure of this Agreement to address any particular City, county, state, and federal permit, condition, term, or restriction shall not relieve McGaba or the City of the necessity of complying with the law governing said permitting requirements, conditions, term, or restriction. Section 18. 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 19. 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. Page 10 of 12 I Section 20. 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 21. Development Permits. Nothing herein shall limit the City's authority to grant or deny any development permit applications or requests subsequent to the effective date of this Agreement. In addition, nothing herein shall, be construed as granting or creating a vested property right or interest in McGaba or on the Subject Property. IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. Signed, sealed and delivered in the Presence of the following witnesses: McGABA, LLC, a Florida limited liability company P 'nted Name of Witness ,-,I \�, - k m� (A P x _-- - Printed Na�of Witness CITY OF WINTER SPRINGS, a Florida Municipal Corporation, 1 By: ~� J N F. ;BUSH ayor SHIRLEY INA'CKERLY Its President ATTEST: s r BY ANDREJ LORENZO-LUACES City Cler Page 11 of 12 OR OC£aX 048,373 ;!�TJiEz 11306 EXHIBIT "A" (SITE PLAIN) Final Site Plan is. on file at: City Hall City of Winter Springs 1126 East S.R. 434 Winter Springs, Florida 32708- - i I EXHIBIT " B " PROPERTY That certain piece, parcel and track of land located in SEMINOLE County, Florida, described as follows: LEGAL ❑ESCRIPTfCNI` THAT CERTAIN PIECE'.- PARCEL', AND TRACT _ OF LAND LOCATED IN SEMINOLE COUNTY, FLORIDA. DESCRIBED AS FOLLOWS: THE WEST 231.30 FEET OF LOT 8, BLOCK., D. DR. MITCHELL'S SURVEY OF LEVY GRANT, AS RECORDED IN PLAT SOOK 1, PAGE 5, PUBLIC RECORDS OF SEMINOLE COUNTY, FLORIDA, LYING SOUTH OF STATE ROAD 419 (OVIEDO ROAD);. LESS THAT PART TAKEN 114' THAT CERTAIN ORDER OF TAKING FOR ROAD RECORDED IN OFFICIAL .RE -CORDS BOOK 2784, PAGE 1196, PUBLIC RECORDS OF SEMINOLE. COUNTY, FLORIDA. CONTAINS 190,138 SQUARE FEET OR 4.365 ACRES MORE OR LESS. TOGETHER WITH: THE EAST 253.6 FEET OF LOT 9, (LESS THE EAST 100 FEET OF THE NORTH 150 FEET THEREOF), BLOCK D, DR. 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. ALSO LESS THE FOLLOWING PROPERTY EEIIJG MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHWEST CORNER OF LOT E. CHASE AND COMPANY'S SUBDIVISION OF WAGNER, ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOF; 6. PACE - 64. OF THE PU8L1C RECORDS OF SEMINOLE COUNTY, FLORIDA; THENCE RUN SOUTH 06'55'04" EAST ALONG THE `NEST LINE OF SAID LOT E, A DISTANCE OF 1100.73 FEET TO A POINT ON THE BASELINE OF SURVEY OF S.R. 434 ACCORDING TO F.U.O.T. RIGHT-OF-WAY MAP SECTION NUMBER 7707U-2516; THENCE RU14 NORTH 83'50'23" ,EAST ALONG SAID BASELINE OF SURVEY A DISTANCE OF 390.41 FEET; THENCE DEPARTING SAID BASELINE OF SURVEY RUN SOUTH U770013" EAST A DISTANCE OF 24.39 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF S.R. 434: THENCE RJN NORTH 83'51'32" EAST ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE A' DISTANCE OF 168.42 FEET TO THE -WEST LINE OF THE EAST 253.5' FEET. OF SAID LOT 9, BLOCK D, VOR A POINT OF BEGINNING; THENCE CONTINUE -WORTH 83'51'32" EAST ALOIJG SAID SOUTHERLY RIGHT-OF-WAY LINE A DISTANCE OF 153.62 FEET TO THE WEST LINE Or THE EAST 100 FEET OF THE NORTH 150 FEET OF SAID LOT 9. BLOCK U; THENCE DEPARTING SAID SOUTHERLY RIGHT-OF- WAY LINE RUN SOUTH 07'01'30- EAST ALONG SAID WEST LINE OF THE EAST 100 FEET OF THE NORTH 150 FEET OF LOT 9, BLOCK D, A DISTANCE OF 84.03 FEET; THENCE DEPARTING SAID NEST ONE RUN SOUTH 83'53'17" WEST A DISTANCE DF 153.62 FEET TO SAID WEST LINE OF THE EAST 253.6 FEET OF -LOT 9, BLOCK D; THENCE RUN NORTH 07'01'30" WEST ALONG SAID WEST LINE OF THE EAST 253,6 FEET A DISTANCE OF 83.96 FEET TO THE SAID SOUTHERLY RIGHT-OF-WAY LINE S.R. 434 AND THE POINT OF BEGINNING. EXHIBIT "C" ARBOR OBLIGATION This exhibit demonstrates the developer's arbor obligation as required in the Tree Ordinance. Arbor Obligation Clear Cut Obligation Arbor Permit Fees Replacement Requirements TOTAL CLEAR CUT OBLIGATION 200 Tree Replacement Credits 30-Foot Buffer Credits 9,179-Sq. Ft. Property/Buffer Acquisition Tree Preservation Construction Method Specimen Tree Credits 2 Tree Preservations Arbor Permits TOTAL CREDITS NET ARBOR OBLIGATION City Conveyance 9,730 104,300 15,000 20,000 5,000 20 114 030 20,000 35,000 5,020 00.020 EXHIBIT "D" TREE PROTECTION GUIDELINES 1 Prior to construction or- during site preparation, barricading suitable to the City's arborist shall be erected and maintained around all trees to be preserved in order to establish a tree protection area. All trees to be preserved shall be identified on -site by harmless marking or banding. 2. Prior to construction, tree protection signs shall be posted and maintained at all tree protection areas. The contractor shall make every effort to protect all existing trees to be preserved during site preparation and construction. Placement of material, machinery, utility lines, soil, hazardous liquids, or vehicles within the tree protection area shall be strictly prohibited. Materials, wires, signs, or nails shall not be attached to any tree unless such materials are needed to preserve the tree. 3. Unless another suitable technique is approved by the City's arborist, the tree protection barriers shall be constructed as follows: Uprights - 4" x 4" lumber on eight -foot (8) minimum centers; horizontals - the equivalent of one (1) course of 2" x 4" lumber. 4. Tree protection barriers shall remain in place until construction is fully completed and all paving, construction, and heavy equipment is off the Subject Property. 5. All trees to be preserved shall have their natural soil level maintained. All efforts shall be made through the grading and drainage plan to maintain the natural drainage to and from such trees. 6. Any tree that may need to be moved for any reason during the construction process shall be relocated only under the direction and written approval of the City's arborist. 7 Properly install and maintain siltration and sediment control barriers around trees. 8 Root and canopy pruning shall be required by a qualified ISA arborist. Any damaged roots shall be clean cut and covered by clean fill. 9 McGaba shall abide by the reforestation standards set forth in the Tree Ordinance and the terms set forth in subparagraph 5(a) of this Agreement. iv Prepared by and Return to.: •Anthony A. Garganese, City Attorney I BBrown, Salzman, Weiss & Garganese, P.A. 25 E. Robinson Street, Suite 660 .O. Box 2873 Orlando, FL 32802-2873 FIRST MODIFICATION 441 NE K41W, CLEW OF CIRCUIT UkR P►t1 112)52:F30 FOGS 112.3-1125 CLERK'S 41 20,04421395€0 FUORDU SUIUENA llt49: 9 M iZEMRDIN6 FEES 15.0 RtEMRDE1D V t holden INDING DEVELOPMENT AGREEMENT THIS FIRST MODIFICATION TO BINDING DEVELOPMENT AGREEMENT ("First Modification"), made and executed this _,:�?0 day of February, 2004, by and between McGaba, LLC., a Florida limited liability company ("McGaba"), whose address is 4986 Courtland Loop, Winter Springs, Florida 32708, and the City of Winter Springs, a Florida municipal corporation ("City") whose address is 1126 East State Road 434, WinterSprings, Florida 32708. RECITALS: WHEREAS, McGaba and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement"); and WHEREAS, the parties desire to modify the Agreement regarding the height of the concrete panel buffer walls McGaba may construct under. the terms and conditions set forth herein; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement not expressly modified by this First Modification shall remain in full force and effect. C7 First Modification to Binding Development Agreement McGaba, LLC - City of Winter Springs, Florida Page 1 of 3 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 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 Buffer Wall. The parties agree that Section 5, Obligations and Commitments, subsection (a), Buffer Wall and Buffer Area, of the Agreement shall be modified requiring McGaba to provide a 8' (measured from grade- level) concrete panel buffer wall, and not a 6' foot wall as specified in the original Agreement. 3.0 Recordation. This First 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 Agreement which are not expressly and specifically modified by this First Modification shall continue to remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this First Modification as of the date first written above. WITNESSES: vsa� cuJI I McGABA, LLC., a Florida limited liability company By:t hirley M ckerly Its President Date: cp,'-� 4 10 First Modification to Binding Development Agreement McGaba, LLC - City of Winter Springs, Florida Page 2 of 3 ^E• Yy� }'1 f ID ' A EST: CITY OF WINTER 0RIN9,S .v. a Florida M41"tc1l corpOtiarg ' B r Ji A dreams orenzo-Luaces J ` ,+v.. y -. s��Z ftr� F. Bi.�s� 1Via o�� City Cle STATE OF FLORIDA COUNTY OF . bvl, The foregoing instrument was acknowledged before me this > & day of 2004, by Shirley Mackerly, President of McGaba, LLC., a Florida limited liability company, [who is personally known to me, or [ ] who has produced as identification. *•tM^�y,� Sue Hr3v+erd ,� GommissionCC97-178 NARY PUBLIC, State of Florida * 1* (SEAL) i.;ric:ber02 Z004 My commission expires: First Modification to Binding Development Agreement McGaba, LLC - City of Winter Springs, Florida Page 3 of 3 lei main 116 411 In THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Anthony A. Garganese, Esquire rown, Salzman, Weiss & Garganese, P.A. ost Office Box 2873 Orlando, Florida 32802-2873 (407)425-9566 llfiRYANE MAW, CLM OF CIRCUIT C&RT SEKWULE C€11114TY BK %153 Pqs 00b9 — &�; i4RO CLERK'S 0 2006038304 Fk004kD 03/091M 09m:s7:55 AN RWnIN8 FEES rL SO REDMkD BY t holden FOR RECORDING DEPARTMENT USE ONLY SECOND MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS SECOND MODIFICATION TO BINDING DEVELOPMENT AGREEMENT ("Second Modification"), made and executed this L, . day of July, 2004, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and McGABA, LLC., a Florida limited liability company ("McGaba"), whose address is 4986 Courtland Loop, Winter Springs, FL 32708. WHEREAS, McGaba and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement")'; and WHEREAS, a First Modification to Binding Development Agreement, dated February 26, 2004, was recorded in Official Records Book 05230, Page 1123-1125, of Seminole County, Florida ("First Modification"); and Second Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Pagel of 4 WHEREAS, the parties desire to modify the Agreement to allow McGaba to replace sidewalks on three sides of buildings C&D in lieu of landscaping as long as the net landscaping in the project does not decrease; and WHEREAS, the parties desire to modify the Agreement regarding the width of the curb islands on the corners of buildings C&D to nine feet (9') wide instead of ten feet (10') wide; and WHEREAS, the parties desire to modify the Agreement amending the total number of parking spaces from 200 to 195; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement and First Modification not expressly modified by this Second Modification shall remain in full force and effect. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this Second Modification. 2.0 Landscaping/Sidewalks. McGaba may construct sidewalks on three sides of buildings C&D in lieu of landscaping as long as the net landscaping for the project does not decrease. 3.0 Curb Islands. McGaba may amend the width of the curb islands on the corners of buildings C&D to nine feet (9') wide rather than ten feet (10') wide. 195. 4.0 Parking. McGaba may amend the total number of parking spaces from 200 to 5.0 Recordation. This Second Modification shall be recorded in the public records of Seminole County, Florida, and shall run with the land. Second Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 2 of 4 6.0 Miscellaneous. All terms and conditions of the Agreement, First Modification, and other development approvals by the City for the project, which are not expressly and specifically modified by this Second Modification shall continue to remain in full force and effect. IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. Signed, sealed and delivered in the Presence of the following witnesses: "M McGABA, LLC, AA a zXAlid a Florida limited liability company Printed Name of Witness By. r SHIRLE MA&1 RLY Printed Name of Witness Its President STATE OF FLORIDA COUNTY OF 5,0,.a ,µJoe.& The foregoing instrument was acknowledged before me this 10 day of '2.e0{p 2994, by SHIRLEY MACKERLY, as President of McGABA, LLC, a Florida limited liability company, who is personally known to me ed as identification. (NOTARY SEAL) M. RpaaANO My Cgl►m"m DD224s4o a� ExP res SspMmbw 26, 2007 Notary Public Signature - /kl 0%s,611"76� (Name typed, printed or starrtn Notary Public, State of YC. & k., d 4 Commission No.: a C 4, O My Commission Expires: 5EJTtA4 drS o 60j 7-40? Second Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 3 of 4 ATTEST: A LORENZO-LUACES s City k,' r 4 4� 60 . b I� 4 ► c�'' CITY OF WINTER SPRINGS, a Florida Municipal Corporation, BY: .+,. 4orJ:F. BUSH Second Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 4 of 4 11111111111111111111111111111111111111111111111111111111111111 THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Katherine W. Latorre, Esquire Winter Springs Assistant City Attorney Brown, Garganese, Weiss & D'Agresta, P.A. Post Office Box 2873 Orlando, Florida 32802-2873 (407)425-9566 1RYANNE MORSE, CLERK OF CIRCUIT COURT :MINGLE COUNTY ( 06437 Pgs 1204 — 12071 Opgs) JERK'S # 2006160695 :CORDED 10/09/2006 08t2WS AM :CORD I NS FEES 35.50 :CORDED BY H Bailey FOR RECORDING DEPARTMENT USE ONLY THIRD MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS THIRD MODIFICATION TO BIND G DEVELOP N AGREEMENT ("Third Modification"), made and executed this day of JW2^ , 2006, by and between the CITY OF WINTER SPRINGS, a Florida mun cipal corporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and McGABA, LLC., a Florida limited liability company ("McGaba'), whose address is 4986 Courtland Loop, Winter Springs, FL 32708. WHEREAS, McGaba and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement")'; and WHEREAS, a First Modification to Binding Development Agreement, dated February 26, 2004, was recorded in Official Records Book 05230, Page 1123-1125, of Seminole County, Florida ("First Modification"); and WHEREAS, a Second Modification to Binding Development Agreement, dated July 1, 2004, was recorded in Official Records Book 06153, Page 59-62, of Seminole County, Florida ("Second Modification"); and WHEREAS, the parties desire to further modify the Agreement to allow McGaba to construct a building mounted tenant identification sign which exceeds the City's Code's maximum height allowance in the State Road 434 Corridor Overlay District's General Design Standards for New Development Area; and WHEREAS, the City is authorized by section 20-474, Winter Springs City Code, to enter into a development agreement with a developer to set forth terms and conditions appropriate to Third Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 1 of 4 meet the circumstances of the specific proposed development and to vary the standards of the State Road 434 Corridor Overlay District, including signage; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement, First Modification and Second Modification not expressly modified by this Third Modification shall remain in full force and effect. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this Third Modification. 2.0 Code Waiver for Restaurant S12ace Tenant Signs. Pursuant to section 20474, Winter Springs City Code, the City agrees to vary the building signage restrictions for the 6,000 square foot restaurant space ("restaurant space"), as the restaurant space is depicted on the signed and sealed engineering plans for the project approved by the City Commission on July 12, 2004, as follows: 2.1 Building Mounted Single Tenant Identification Signs. McGaba is hereby granted a waiver from the fourteen foot (14') maximum height allowance for the restaurant space building mounted single tenant identification signs as set forth in section 20-470(3)c of the City Code. McGaba may erect two (2) building mounted single tenant identification signs for the restaurant space, one (1) on the north and one (1) on the east side of the restaurant space. The building mounted tenant identification signs for the restaurant space may not exceed a height of twenty-one feet four inches (21'4") when measured from ground level to the top of the sign. 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 Agreement, First Modification, Second Modification and other development approvals by the City for the project, which are not expressly and specifically modified by this Third Modification, shall continue to remain in full force and effect. IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. Third Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 2 of 4 Signed, sealed and delivered in the Presence of the following witnesses: MCGABA, LLC, a Florida limited liability company By: SMRLE MACKERLY Its President STATE OF FLORJPA COUNTY OF A M ► pa The foregoing instrument was acknowledged before me this 2-a day of EFT MM 4 2006, by SHIRLEY MACKERLY, as President of McGABA, LLC, a Florida limited liability company, who is personally known to me or who has produced as identification. (NOTARY SEAL) 6.plj M. RounbW W com a*n pp�p EVkOs SaPWMbw 2e, 2W7 otary Public Signature rn n( US 6 A,1 A&/- o4l�— (Name typed, printed or stapp d� P Notary Public, State of F Commission No.: DD 22 46 4-0 My Commission Expires: 14 2eq 7 Third Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 3 of 4 A'r'V1 L%'V- CITY OF WINTER SPRINGS, a Florida Municipal Corporation, B4yorJF. yr BUSH Third Modification to Binding Development Agreement McGaba, LLC — City of Winter Springs, Florida Page 4 of 4 l illl 11 llli ll Ili ll l9111 wit ll>l An it !!l 0111 if fi li lnl l llll THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Katherine W. Latorre, Esquire Winter Springs Assistant City Attorney ;\ Brown, Garganese, Weiss & D'Agresta, P.A. �J Post Office Box 2873 Orlando, Florida 32802-2873 (407)425-9566 i AS.-YA fNE NORSEt CLERK OF CIRCUIT CLOCRT SMINGLE Ct INTY 8K 06871 Rgs CLOB5 _ E88; (4pgs) CLERR35 * L-0071630S4 RCURDED 1112012007 03:01-.% Pik HEMMING FEES 3&50 RK-ORDED BY T Smith FOR RECORDING DEPARTMENT USE ONLY FOURTH MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS FOURTH MODIFICATION TO BINDING DEVELOPMENT AGREEMENT ("Fourth Modification"), made and executed this / Sy —day of �,y lam 2007, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and BRI 1813 VILLAGIO, LLC., a Florida limited liability company ("BRI Villagio"), whose address is 1160 E. Hallandale Beach Blvd., Hallandale, FL 33009. WHEREAS, McGaba and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement'')'; and WHEREAS, a First Modification to Binding Development Agreement. dated February 26, 2004, was recorded in Official Records Book 05230, Page 1123-1125, of Seminole County, Florida ("First Modification"); and WHEREAS, a Second Modification to Binding Development Agreement, dated July 1, 2004, was recorded in Official Records Book 06153, Page 59-62, of Seminole County, Florida ("Second Modification"); and WHEREAS, a Third Modification to Binding Development Agreement, dated September 25, 2006, was recorded in Official Records Book 6437, Page 1204-1207, of Seminole County, Florida ("Third Modification"); and WHEREAS, BRI Villagio is the current owner of record of the Subject Property pursuant to the warranty deed recorded at Book 6740, Page 800, Public Records of Seminole County; and Fourth Modification to Binding Development Agreement BRI Villagio, LLC — City of Winter Springs, Florida Page I of 4 WHEREAS, the parties desire to further modify the Agreement to allow BRI Villagio to construct a building mounted tenant identification sign which exceeds the City's Code's maximum height allowance in the State Road 434 Corridor Overlay District's General Design Standards for New Development Area; and WHEREAS, the City is authorized by section 20-474, Winter Springs City Code, to enter into a development agreement with a developer to set forth terms and conditions appropriate to meet the circumstances of the specific proposed development and to vary the standards of the State Road 434 Corridor Overlay District, including signage; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement, First Modification, Second Modification and Third Modification not expressly modified by this Fourth Modification shall remain in full force and effect. NOW, T HEBEFORE, in consideration of the ijautual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this Fourth Modification. 2.0 Code Waiver for Suite #1109 Tenant Identification Sign. Pursuant to section 20- 474. Winter Springs City Code, the City agrees to vary the building signage restrictions for the tenant space identified as Suite #1109 within BRI Villagio's Shopping Center as follows: 2.1 Building Mounted Single Tenant Identification Sign. BRI Villagio is hereby granted a waiver from the fourteen foot (14') maximum height allowance set forth in section 20-470(3)c of the City Code for the building mounted single tenant identification sign for Suite #1109. McGaba may erect one (1) building mounted single tenant identification sign for Suite #1109 which shall be a maximum of three feet (3') in total height and the top of the sign shall be located a maximum of twenty-three feet, four inches (23' 4") from ground level. 3.0 Recordation. This Fourth Modification shall be recorded in the public records of Seminole Cotmty, Florida. and shall run with the land. 4.0 Miscellaneous. All terms and conditions of the Agreement, First Modification, Second Modification, Third Modification and other development approvals by the City for the project, which are not expressly and specifically modified by this Fourth Modification, shall continue to remain in full force and effect. IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. Fourth Modification to Binding Development Agreement BRI Villagio, LLC — City of Winter Springs, Florida Page 2 of 4 Signed, sealed and delivered in the Presence of the following witnesses: BRI Villa Gliv j ({' By: •'4 � Y Printed Name of Witness Print Name: �-4oPl (� r J J BRI 1813 Villagio, LLC, x a Florida limited liability company Printed Name of Witness STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me this 'I day of _ L �-�. 2007, by asof BRI 1813 Villagio, LLC, a Florida limited liability company, who is personally known to me or (NOTARY SEAL) as identification. Notary ublicXgnature (Name typed, printed or stamped) Notary Public, State of Commission No.: My Commission Expires: Fourth Modification to Binding Development Agreement BRI Villagio, LLC — City of Winter Springs, Florida Page 3 of 4 A "I ATTEST: I By: !!! I A LORENZO-LUACES Clerk CITY OF WINTER SPRINGS, a Flo ' Munici al Corporation, By: JO F. BUSH Mayor Fourth Modification to Binding Development Agreement BRI Villagio, LLC — City of Winter Springs, Florida Page 4 of 4 lAli 1114itIt111111Al11111111111111iIIf,itIII III P,IIt THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Katherine W. Latorre, Esquire Winter Springs Assistant City Attorney Brown, Garganese, Weiss & D'Agresta, P.A. Post Office Box 2873 Orlando, Florida 32802-2873 (407)425-9566 NARYANIE MRSE, CLERK OF CIREJjIT CLiRT SENINGLE C011'i T Y W 06671 Rgs 0281 — 284, (4pgs) CLERK S # 20071ES3063 RECORDED 11/S0/1n. 07 0301:04 I-CORMINIS FEES M-L-50 RE RDED BY T Smith FOR RECORDING DEPARTMENT USE ONLY FIFTH MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS FIFTH MODIFICATION TO BINDING DEVELOPMENT AGREEMENT ("Fifth Modification"), made and executed this 13 ' day of ftwc- r )AI,< . 2007, by and between the CITY OF WINTER SPRINGS, a Florida municipal corporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and BRI 1813 VILLAGIO, LLC., a Florida limited liability company ("BRI Villagio"), whose address is 1160 E. Hallandale Beach Blvd., Hallandale, FL 33009. WHEREAS, McGaba, LLC. ("McGaba") and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement") regarding the development of a Shopping Center located at 855 E. State Road 434 in Winter Springs; and WHEREAS, a First Modification to Binding Development Agreement, dated February 26, 2004, was recorded in Official Records Book 05230, Page 1123-1125, of Seminole County, Florida ("First Modification"); and WHEREAS, a Second Modification to Binding Development Agreement, dated July 1, 2004, was recorded in Official Records Book 06153, Page 59-62, of Seminole County, Florida ("Second Modification"); and WHEREAS, a Third Modification to Binding Development Agreement, dated September 25, 2006, was recorded in Official Records Book 6437, Page 1204-1207, of Seminole County, Florida ("Third Modification"); and WHEREAS, a Fourth Modification to Binding Development Agreement was approved by the City Commission on May 30, 2007 ("Fourth Modification"); and Fifth Modification to Binding Development Agreement BRI 1813 Villagio, LLC —City of Winter Springs, Florida Page 1 of 4 WHEREAS, BRI Villagio is the current owner of record of the Subject Property pursuant to the warranty deed recorded at Book 6740, Page 800, Public Records of Seminole County; and WHEREAS, the parties desire to further modify the Agreement to allow for the construction of a building mounted tenant identification sign which exceeds the City Code's maximum height allowance in the State Road 434 Corridor Overlay District's General Design Standards for New Development Area; and WHEREAS, the City is authorized by section 20-474, Winter Springs City Code, to enter into a development agreement with a developer to set forth terms and conditions appropriate to meet the circumstances of the specific proposed development and to vary the standards of the State Road 434 Corridor Overlay District, including signage; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement, First Modification, Second Modification, Third Modification and Fourth Modification not expressly modified by this Fifth Modification shall remain in full force and effect. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this Fifth Modification. 2.0 Code Waiver for Suite #1121 Tenant Identification Sign. Pursuant to section 20- 474, Winter Springs City Code, the City agrees to vary the building signage restrictions for the tenant space identified as Suite #1121 within BRI Villagio's Shopping Center as follows: 2.1 Building Mounted Single Tenant Identification Sign. BRI Villagio is hereby granted a waiver from the fourteen foot (14') maximum height allowance set forth in section 20-470(3)c of the City Code for the building mounted single tenant identification sign for Suite #1121. BRI Villagio may erect one (1) building mounted single tenant identification sign for Suite #1121 which shall be a maximum of four feet (4') in total height and the top of the sign shall be located a maximum of twenty-one feet (21') from ground level. 3.0 Recordation. This Fifth 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 Agreement, First Modification, Second Modification, Third Modification, Fourth Modification and other development approvals by the City for the project, which are not expressly and specifically modified by this Fifth Modification, shall continue to remain in full force and effect. Fifth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 2 of 4 IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. Signed, sealed and delivered in the Presence of the following witnesses: f Printed Naine of Witness Printed Name of Witness STATE OF FLORIDA COUNTY OF �� W ---A BRI Villa in: By: Print Name: l•_•y l �5 {j�-� BRI 1813 Villagio, LLC, a Florida limited liability company The foregoing instrument was acknowledged before me this � day of 2007, by `1°' ��� " as `���t� ti of BRI 1813 Villagio, LLC, a 1 Florida limited liability company, who is personally known to me or as iaenttnc (NOTARY SEAL) WHEN W Cr�iM I imam: 90dadByt4sf& maiNftyAm. Fifth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 3 of 4 anon. lNotaryrPublii (gnatuxe r '//1``� �2, �i C • S . IBQ14— (Name typed, printed or stamped) Notary Public, State of Commission No.: �� My Commission Expires: c ATTEST: By:�`-� _ A IIaI EA �S�i[ ENZ0-LUACES Cify`rl ' (City Ste) r .v t CITY OF WINTER SPRINGS, a FlolodaZAunicipal Corporation, JO F. BUSH MAY" Fifth Modification to Binding Development Agreement BRI 1813 Villagio, LLC—City of Winter Springs, Florida Page 4 of 4 111111 IN 1111111 It 11 It 1111111111111111111111 Il 10 111111ills THIS INSTRUMENT WAS PREPARED BY AND SHOULD BE RETURNED TO: Katherine W. Latorre, Esquire Winter Springs Assistant City Attorney Brown, Garganese, Weiss & D'Agresta, P.A. Post Office Box 2873 Orlando, Florida 32802-2873 (407) 425-9566 �IkO—A;NNE NDR�Ea CLERK OF CIRCUIT CCIURT SENINDLE COMITY BK 06916 Pgs 1332 - 13371 (6pgs) CLERK' S # 20060096F,0 RECORDED 01/28121 8 11.211471 AN RECURDIND FEES S2.50 RECORDED BY T Smith FOR RECORDING DEPARTMENT USE ONLY SIXTH MODIFICATION TO BINDING DEVELOPMENT AGREEMENT THIS SIXTH MODIFICATION TO Bf DING DEVELOPMENT AGREEMENT ("Sixth Modification"), made and executed this 1� day of K p^ V , 2008, by and between the CITY OF WINTER SPRINGS, a Florida municipal orporation ("City") whose address is 1126 East S.R. 434, Winter Springs, FL 32708, and BRI 1813 VILLAGIO, LLC., a Florida limited liability company ("BRI Villagio"), whose address is 1160 E. Hallandale Beach Blvd., Hallandale, FL 33009. WHEREAS, McGaba, LLC. ("McGaba") and the City entered into a Binding Development Agreement dated April 10, 2003, and recorded in Official Records Book 4839, Page 1896, of Seminole County, Florida (the "Agreement") regarding the development of a Shopping Center located at 855 E. State Road 434 in Winter Springs; and WHEREAS, a First Modification to Binding Development Agreement, dated February 26, 2004, was recorded in Official Records Book 05230, Page 1123-1125, of Seminole County, Florida ("First Modification"); and WHEREAS, a Second Modification to Binding Development Agreement, dated July 1, 2004, was recorded in Official Records Book 06153, Page 59-62, of Seminole County, Florida ("Second Modification"); and WHEREAS, a Third Modification to Binding Development Agreement, dated September 25, 2006, was recorded in Official Records Book 6437, Page 1204-1207, of Seminole County, Florida ("Third Modification"); and WHEREAS, a Fourth Modification to Binding Development Agreement, dated November 14, 2007, was recorded in Official Records Book 6871, Page 285-288, of Seminole County, Florida ("Fourth Modification"); and Sixth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 1 of 5 WHEREAS, a Fifth Modification to Binding Development Agreement, dated November 13, 2007, was recorded in Official Records Book 6871, Page 281-284, of Seminole County, Florida ("Fifth Modification"); and WHEREAS, BRI Villagio is the current owner of record of the Subject Property pursuant to the warranty deed recorded at Book 6740, Page 800, Public Records of Seminole County; and WHEREAS, section 20-470(3)(c) of the City Code, which is applicable to the Subject Property, limits building mounted multi -tenant identification signs for buildings with separate exterior tenant entrances to a maximum of fourteen feet (14') in height; and WHEREAS, given the particular architectural design of the Shopping Center, which includes archways of differing heights, as well as multiple buildings located varying distances from the abutting public right-of-way, it is not practical or aesthetically pleasing to restrict the Shopping Center's building mounted tenant identification signs to fourteen feet (14') in height; and WHEREAS, the parties desire to further modify the Agreement to establish appropriate standards by which building mounted tenant identification signs may be permitted consistent with the design and architecture of the Shopping Center, as well as the existing tenant identification signs in the Shopping Center; and WHEREAS, the City is authorized by section 20-474, Winter Springs City Code, to enter into a development agreement with a developer to set forth terms and conditions appropriate to meet the circumstances of the specific proposed development and to vary the standards of the State Road 434 Corridor Overlay District, including signage; and WHEREAS, the parties acknowledge and agree that all other terms and conditions of the Agreement, First Modification, Second Modification, Third Modification, Fourth Modification and Fifth Modification not expressly modified by this Sixth Modification shall remain in full force and effect. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1.0 Recitals. The foregoing recitals are hereby incorporated herein by this reference and deemed a material part of this Sixth Modification. 2.0 Building Mounted Tenant Identification Signs. Pursuant to section 20-474 of the City Code, the City hereby agrees to vary the standards of the State Road 434 Corridor Overlay District on the Subject Property as follows: Sixth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 2 of 5 ? 2.1 First Floor Tenant Space. 3.1,1 Building mounted tenant identification signs for Shopping Center suites numbercd 1101, 1105, 1113, 1117, 1125, 1129, 1153, and 1157, as depicted in Exhibit "A," attached hereto and fully incorporated herein by this reference, shall not exceed seventeen feet (17') in height above the adjacent sidewalk elevation. Further, suites 1153 and 1157 shall horizontally center building mounted tenant identification signs within the applicable portion of the tenant's fagade. 2.1.2 Building mounted tenant identification signs for Shopping Center suites numbered 1133, 1135, 1137, 1141, 1145, and 1149, as depicted in Exhibit "A" shall not exceed sixteen feet (16') in height above the adjacent sidewalk elevation. 2.2 Second Floor Tenant Space. Building mounted tenant identification signs for Shopping Center suites numbered 2201, 2205, and 2209, as depicted in Exhibit "A" shall not exceed twenty-nine feet (29') in height above the adjacent sidewalk elevation. Further, said signs shall be vertically and horizontally centered in the applicable portion of the tenant's fagade. 3.0 Recordation. This Sixth 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 Agreement, First Modification, Second Modification, Third Modification, Fourth Modification, Fifth Modification and other development approvals by the City for the project, which are not expressly and specifically modified by this Sixth Modification, shall continue to remain in fall force and effect. IN WITNESS WHEREOF the parties have hereunto set their hands and seal on the date first above written. [EXECUTION PAGES FOLLOW] Sixth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 3 of 5 Signed, sealed and delivered in the Presence of the following witnesses: BRI Villa 'o: By: Printed Name of Witness Print Name: Q—Q-4 BRI 1813 Villagio, LLC, �� a Florida limited liability company J� ; J,4 bkd Printed Name of Witness STATE OF FLORIDA COUNTY OF The foregoing instrument was acknowledged before me this Z day of 4N� 2008, by o� �s�+ , as Ate, a �" �i- Y+^� of BRI 1813 Villagio, LL , a Florida H ted liability c mpany, who is personally known to me as identification. (NOTARY SEAL) MARiU E. Rg" Na" Pim-sr.OWft • L`a�rri�a�►�+���I,ZG09 �IwiNt�L1C411� �aM�d � f�IaMl No11eli A'"'. Nc y Pablic Signature (Name typed, printed or stamped) Notary Public, State of �R-4c-laP, Commission No.: '�- b u4G"�14 My Commission Expires: Z,— 2A Sixth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 4 of 5 ZQOC) ATTEST: By:-3� ANDREA LORENZO-LUACES City Clerk (City Seal) o CITY OF WINTER SPRINGSva`�. °•, a Flo ' unicipal Cow ratio, eo :�, JOLVF. BUSK .a. A - - Mayor Sixth Modification to Binding Development Agreement BRI 1813 Villagio, LLC — City of Winter Springs, Florida Page 5 of 5 N N ��5 0 N