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HomeMy WebLinkAbout2024 03 25 Consent 300 - Extension Request - Winter Springs Marketplace Corner Lot Streetscaping RequirementCONSENT AGENDA ITEM 300 CITY COMMISSION AGENDA | MARCH 25, 2024 REGULAR MEETING TITLE Extension Request - Winter Springs Marketplace Corner Lot Streetscaping Requirement SUMMARY The Fifth Third Bank, located adjacent to the Winter Springs Marketplace, received approval by the City Commission on January 9, 2023. As part of that approval, a modification to the Development Agreement for the Winter Springs Marketplace provided for an extension on the timeframe within which the property owner had to install the required streetscaping fronting the corner lot located at State Road 434 and Tuskawilla Road. The timeframe afforded by the Development Agreement has since expired and the required streetscape has not been installed. Staff reached out to the property owner, Equinox Development, to ask when they intended to fulfill the required streetscape. As a result, Mr. Stahl informed us that he had a potential buyer- client for the property and was requesting a six (6) month extension on the requirement to install the streetscape on the corner lot. Staff recommends approval of the requested extension. FUNDING SOURCE RECOMMENDATION Staff recommends that the City Commission review the attached request from Ryan Stahl, Equinox Development, and approve the requested extension of the corner lot streetscaping requirement for the Winter Springs Marketplace. 14 February 28, 2024 Via Email City Commission City of Winter Springs 1126 East S.R. 434 Winter Springs, Florida 32708 Re: Winter Springs Marketplace - Development and Property Division Agreement Future Development Area (Extension to Landscaping Requirement) Dear Esteemed Commission Members: Pursuant to the First Modification to Development and Property Division Agreement, recorded in Book 10397, Page 628-643, of the Seminole County public records on March 1, 2023, Developer hereby requests an extension to the requirement under section 7.0 to allow Developer additional time to complete the Trust Property Streetscape. As shared with Nick Tafelsky via email correspondence on February 23, 2024, Developer is currently in discussions with a retailer who has shown interest in pursuing the last remaining corner parcel, known as the Trust Property. The Developer anticipates those discussions to be wrapped up shortly and hereby requests a six (6) month extension to complete the Trust Property Streetscape. As part of this request, the Developer would appreciate the Commission to consider the following: 1) There is currently no irrigation for this parcel since each parcel within the development is maintained and irrigated individually by the respective retailers, which would make maintaining the required Streetscape very challenging and costly. 2) The Developer has a landscaper under contract to provide regular service to ensure the existing sod is maintained. 3) The Developer has attempted to be a good partner with the City and has always been responsive and available to staff should any issues arise. I appreciate your consideration of this request. Sincerely, Tuscawilla Property Investors, LLC Ryan P. Stahl Manager cc: Nick Tafelsky (via email to ntafelsky@winterpsringsfl.org) Kristin Eick (via email to keick@orlandolaw.net) Terrilyn Rolle (via email to trolle@winterspringsfl.org 15