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2004-44IYov 03 05 03:27p CITY OF CLERMOhT Upon recording return to: • Department of Planning City of Clermont P.O. Box 120219 Clermont, Florida 352 394 3542 p.2 GFI'i ~'+J~1519i_i'~ r 1 DATE : 1 ?/-l~!'~+_i+15 J~h1ES C:. WATY,IFaSr LAKE COUhITY 915`f L4e955 +)?:+14:x+1 ~~~ t:LERY, OF COURT F.Er.ORC,ING FEES 3~.5r.+ DEVELOPER'S AGREEMENT FOR DEVELOPMENT ACTIVITIES RELATED TO THE HUNTERS TRACE PARCEL This DEVELOPER'S AGREEMENT FOR PROFESSIONAL OFFICE DEVELOPMENT ("agreement"} is entered this 8th day of June, 2004, by and between Bob Wade, Hunters Trace investment (nc., hereinafter called "Owner" and the City of Clermont, Florida, a political subdivision of the State of Florida "City of Clermont" WITNESSETH WHEREAS, Bob Wade, Hunters Trace Investment Inc., is the owner of the real property located in the City of Clermont on the North side of State Road 50, South of Oakley Seaver Boulevard and more particularly described in the attached legal description and incorporated herein by this reference (the "Property"); and . WHEREAS, the Property owner has applied to rezone that certain property and develop the property as Professional offices; and WHEREAS, the only available zoning designation available to develop the property as Professional Office is the R-3 district; and WHEREAS, the Property Owner and the City agree that the rezoning of the Property by the City pursuant to Ordinance No. 474-M shall occur, pursuant to the terms of this Developer's Agreement, to accommodate the Property Owner's desire and based upon Property Owner's commitment to develop the Property as Professional Offices; and WHEREAS, the City of Clermont supports the establishment of professional offices on the property; and WHEREAS, The City of Clermont granted a residential professional zoning of R-3; and WHEREAS, Florida Statutes, Section 163.3220 through 163.3243 authorizes local governments to enter into development agreements The quality of this image • is equivalent to the quality of the original document. Nov 03 05 03:27p CITY OF CLERMONT 352 394 3542 p.3 NOW, THEREFORE, for good and valuable consideration, the receipt and • sufficiency of which is hereby acknowledged by the parties, the parties agree as follows: RECITALS. Each and all of the forgoing Premises set forth above are incorporated into and constitute agreed and enforceable provisions of this agreement 2. FINDINGS. ft is hereby agreed that: a. Uses Restricted to Professional Offices. City and the Property Owner agree that other uses allowed by the R-3 zoning designation would not be appropriate far the Property at this location. Therefore, should the Property not be developed as Professional Offices within twenty-four months of the effective date of Ordinance No. 474-M, or should the Property Owner request a development permit for a different land use, the City may rezone property to UE or another zoning district. b. Irrevocable Application for Rezoning. This agreement shall following execution, constitute an irrevocable application by the Property Owner, to rezone the Property if development of the Property is attempted for uses other than Professional Offices. • 3. DEVELOPMENT TERMS. a. The development as permitted by this agreement is consistent with the City of Clermont's Comprehensive Plan and Land Development Regulations. b. All development shall be in accordance with Federal, State and City Codes and Ordinances. The failure of this agreement to address a particular permit, condition, term or restriction shall not relieve the developer of the necessity of complying with the law governing permitting requirements, conditions, terms or restrictions. 4. DEFAULTS. In the event of default by any party hereunder, the non-defaulting parties shalt have the right to pursue any and all remedies available to them either at taw or in equity, or otherwise. • The quality of this image is equivalent to the quality of the original document. Nov 03 05 03:27p CITY OF CLERMONT 352 394 3542 5. ENTIRE AGREEMENT. This Agreement embodies and constitutes the • entire understanding of the parties with respect to the subject matters addressed herein. • 6. AMENDMENTS TO AGREEMENT No modification, amendment or alteration or the terms or conditions Contained herein shall be effective or binding upon the parties hereto unless the same is contained in a written instrument executed by the parties, with the same formality. 7. RECORDING. This agreement shall be recorded in the public records of Lake County, Florida at the expense of the applicant within 14 days after signatures of agreement. 8. MISCELLANEOUS. Effectiveness: This agreement shall not become effective until the rezoning ordinance is effective and no development orders wilt be issued until the Agreement has been recorded and the time for any appeals have expired, and the Owner has otherwise complied with City land development regulations and other applicable ordinances. Assignment. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. Witnesses: ~ ~ ~ Print Name: NNE A~K;k. Print me: iQ~ CITY OF CLERMONT, FLORIDA Harold S. Turville, Jr., Mayor Owner: By: p.4 ,•..ar,,,,~ Name: _= 06 W ~ Z~ .••• "'~,, Title: I"~ca',~on'E' ~;`~,'~ rw '~, Status: ~~ ,.. .,', ~ ;` ~, _ , ~,, Z.~l ,,~ E .. ,. Tracy Aclfroyd, City C rk The quality of this image is equivalent to tha quality of the original document. • IYov 03 05 03:28p CITY OF CLERMONT 352 394 3542 p.5 • State of Florida County of lake The foregoing instrur~~n~was acknowledged before me ihjs a9 day Of /Vov~•~ Sew ,~ ~g@d, by I~S W a 1 c. ~"w'~om~ ~ pNersonal y~know e~~ and who did or did notes take an oath. C . ..:,4, Notary Public (Signature) (SEAL) ~"~1NcTc. C. ~rt,~i. Print or Type Notary Name Commission (seal) Number My Commission Expires: _ i~`'~~'~- Annette C; Kirk :.: .- MY COMMISSK)N # DD110236 EXPIRES ~~.a June 24, 2007 ~'~'~,'~~~,dF' BONDEDTNRUTROYFAININSURANCE,INC. The quality of this image in equivalent to the quality of thc original d®cument.