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1996-39 'i~ « 8 8 , DEVELOPMENT AGREEMENT This Agreement, by and between the City of Clermont, Lake County, Florida, a Municipal Corporation, ("City") and Chester C. Fosgate Company, Inc., a Florida Corporation, ("Owner"). Whereas, "Owner" has requested "City" to re-zone certain lands in the City of Clermont, and Whereas, the parties have reached an agreement as to development of said lands. Now therefore, in consideration of the mutual covenants and conditions contained herein, the parties agree as follows: 1. "Owner" has submitted an application for re-zoning of certain lands into the corporate boundaries of "City", said lands described in Exhibit "A" attached hereto. 2. In the event of re-zoning of said lands, "City" agrees that the lands shall be zoned an R-1 classification subject to the following conditions which "Owner" has agreed to follow: a. All requirements of R-l zoning classification shall be met by "Owner" with the exception of the front footage requirement at the building set-back line of lots which shall be set at 80' and the total square footage of lots shall be 10,000 square feet. , .. . 1'- 8 8 b. All other land development regulations shall be met. 3. This Agreement is subject to and conditioned upon the formal re-zoning of the said lands. ~:),~ day of ~ , 1996. Dated this Witnesses: ~-~~ I: :-3 Chester C. Fosgate Co., Inc. by: ~ fL r¡,. Daryl, Carter Vice President Attest: City of Clermont 9~ '.1 .. Cit~ by:$ ¿J~~ . ~ )' _. 8 8 That part of Tracts 18, 19, and 20, Lake Highlands Subdivision, in Section 20, Township 22 South, Range 26 East, according to plat thereof recorded in Plat Book 3, page 30, public records of Lake County, Florida, lying 40 feet south of the following centerline description: Commence at the Northwest corner of the Northwest 1/4 of said Section 20, for a point of reference: thence run South 89° 00' 51" East a distance of 2,639.11 feet to the North 1/4 corner of said Section 20, (a 4" x 4" concrete monument); thence run South 00° 31' 35" West a distance of 1,337.33 feet to the Northeast corner of Tract 21, Lake Highlands Company, Section 20, Township 22 South, Range 26 East, as recorded in Plat Book 3, Page 30, according to the Public Records of Lake County, Florida, for the Point of Beginning: 1) thence run South 88° 57' 28" East along an extension of the North boundary line of said Tract 21, Lake Highlands Company, a distance of 243.44 feet to a point of curvature, said curve being Southwesterly with a radius of 1,000.00 feet; 2) thence run Southeasterly 222.78 feet along the arc of said curve, said arc having a central angle of 12° 45' 52", a tangent distance of 111.85 feet, a chord distance of 222.32 feet and a chord bearing of South 82° 34' 32" East to a point of tangency; 3) thence run South 76° 11' 36" East a distance of 637.50 feet to a point of curvature, said curve being concave Northeasterly with a radius of 1,000.00 feet; 4) thence run Southeasterly 229.41 feet along the arc of said curve, said arc having a central angle of 13° 08' 39", a tangent distance of 115.21 feet, a chord distance of 228.91 feet and a chord bearing of South 82° 45' 55" East to a point of tangency; 5) thence run south 89° 20' 15" East a distance of 408.18 feet to a point on the centerline of East Jack's Lake Road extension and the point of termination. AND lying 40 feet west of the following centerline description: Commence at the Northwest corner of the Northwest 1/4 of said Section 20, for a point of reference: thence run South 89° 00' 51" East a distance of 2,639.11 feet to the North 1/4 corner of said Section 20, (a 4" x 4" concrete monument); thence continue South 89° 00' 51" East a distance of 18.85 feet to a point of curvature, said curve being concave to the Southwest with a radius of 1,500.00 feet, thence run Southeasterly 663.82 feet along the arc of said curve, said arc having a central angle of 25° 21' 21", a tangent distance of 337.43 feet, a chord distance of 658.41 feet and a chord bearing of South 76° 20' 10" East, to the Point of Beginning, said point being on the Easterly boundary of Bennet Heights, as recorded in Plat Book 8, Page 91 according to the Official Records of Lake County, Florida; 1) thence continue Southeasterly 66.56 feet along the arc of said curve, said arc having a central angle of 2° 32' 33", a tangent distance of 33.29 feet, a chord distance of 66.55 feet and a chord bearing of South 62° 23' 13" East, to a point of tangency; 2) thence run South 61 ° 06' 57" East a distance of 541.29 feet to a point of curvature, said curve being concave Southwesterly with a radius of 1 ,000.00 feet; 3) thence run Southeasterly 1 ,078.24 feet along the arc of said curve, said arc having a central angle of 61° 46' 42", a tangent distance of 598.23 feet, a chord distance of 1 ,026.76 feet and a chord bearing of South 30° 13' 36" East, to a point of tangency; 4) thence run South 00°, 39' 45" West a distance of 230.35 feet to a point of curvature, said curve being concave Easterly with a radius of 575.00 feet; 5) thence run Southeasterly 665.36 feet along the arc of said curve, said arc having a central angle of 66° 18' 00", a tangent distance of 375.55 feet, a chord distance of 628.86 feet and a chord bearing of South 32° 29' 15" East to a point of tangency; 6) thence run South 65° 38' 15" East a distance of 244.55 feet to a point of curvature, said curve being concave Westerly with a radius of 575.00 feet; 7) thence run Southeasterly 662.89 feet along the arc of said curve, said arc having a central angle of 66° 03" 14", a tangent distance of 373.79 feet, a chord distance of 626.79 feet and a chord bearing of South 32° 36' 38" East to a point of tangency and the West 1/4 corner of Section 21, Township 22 South, Range 26 East, and the point of termination. ~~'---'-~~'--