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2007-10Florida VP Clermont LLC Value Place Motel WATER & WASTEWATER SERVICE AGREEMENT This document constitutes an agreement between the CITY of Clermont, hereby referred to as .CITY, a municipality of the State of Florida, and Florida VP Clermont, LLC, and its successors or assigns, hereby referred to as OWNER. WITNESSETH Whereas, OWNER is proposing to develop a hotel which is located on real property (the "Property") described on Exhibit `A', attached hereto and by this reference made a part hereof; and Whereas, the Property is located in the unincorporated area of Lake County and the OWNER is requesting water and sewer service from the CITY; and Whereas, as a condition of CITY providing said water and sewer service to the Property, OWNER is to extend water and sewer lines to serve the Property and lines and appurtenances must be sized and constructed in accordance with the minimum requirements of CITY Land Development Regulations and to meet the flow demands for the subdivision; and Whereas, the CITY may, at the sole option of the CITY, elect to enlarge or oversize the water and/or sewer lines and appurtenances in order to provide additional capaaty to other properties; and Whereas, as a condition of the provision of water and sewer service to the Property by the CITY, OWNER agrees that this Agreement shall constitute an unconditional application to annex the Property into the City of Clermont, if CITY chooses to do so; and Whereas, OWNER and CITY are entering into this Agreement to set forth the terms and conditions under which water and sewer service shall be extended and sized. NOW THEREFORE, in consideration of the mutual promises and covenants hereinafter contained, the parties do hereby agree as follows: Section 1. OFF-SITE WATER/SEWER -Each and all of the foregoing premises are incorporated into and constitute a part of this Agreement. 1.1 CITY shalt provide water and sewer service for the Property. 1.2 OWNER shall connect to the existing City system at connection point or points approved by CITY. 1.3 The route of any off site lines. shall be according to engineering plans produced by OWNER and approved by the CITY. 1.4 The OWNER shall construct the facilities, lines and appurtenances necessary to serve the development and provide such documentation necessary for the CITY to ascertain that the lines shall meet the minimum line size requirements as specified by the CITY Land Development Regulations. Page 1 1.5 In the event the CITY chooses to oversize the lines or appurtenances, the CITY shall provide to the OWNER the specifications regarding sizes to be included in the final improvement plans. 1:6 The OWNER shall be responsible for the construction of alt on site and off site lines and appurtenances to serve the project. No building permits shall be issued until water and sewer are provided to the site or until a bond or letter of credit, acceptable to CITY, is in place to guarantee completion of off-site improvements. No Certificate of Occupancy shall be issued until water and sewer extensions have been completed and accepted by the CITY. 1.7 The OWNER shall be responsible for all costs of on site and off site improvements, including but not limited to design, material, permitting and installation of sufficient size lines, lift stations and other appurtenances necessary to allow the CITY to serve the Property. 1.8 The CITY sha41 be responsible for the difference in cost of materials to oversize the fine if the CITY chooses to oversize based on plans and cost estimates provided by OWNER to CITY, and approved in advance by the CITY. 1.9 The OWNER shall provide to the- CITY a cost estimate for materials for the minimum size lines and appurtenances and a cost estimate for materials for the approved oversize. Cost estimate shall be contractors bid as certified by OWNER'S project engineer. The CITY shall review and either approve or reject the costs. 1.10 The OWNER and CITY shall agree on the cost difference, which will be the responsibility of the CITY, prior to commencement of construction. 1.11 The OWNER shall be responsible for all costs including design, permitting, materials and construction of the water and sewer lines and appurtenances, both on site and off site, requited to serve the Property, with reimbursement for the difference in costs as determined in Section 4.9-from the CITY in the form of Impact Fee Credits. 1:12 The Impact Fee Credits shall be established subject to Sections 1.9 and 1.11, and at the time of issuance of each building permit by applying the then current impact fee, which shall be deducted from the Impact Fee Credit balance until credit is used. 1.13 Impact Fee Credits may not be transferred outside of the Property described on Exhibit `A' but may be assignable to any heirs, assigns or successors in intecest oc title to part or all of said Property. Section 2. DEVELOPMENT STANDARDS 2.1 The project shall be developed according to the CITY Land Development Regulations unless otherwise stipulated in this Agreement or subsequent amendments to this Agreement. 2.2 Building height shall not exceed 51 ft uninhabitable and 37 ft habitable. 2.3 Retaining walls shall not exceed 10 ft in height on the north and south end of the property. AI! other walls must conform to CITY Land Development Regulations. Page 2 Section 3. ANNEXATION OWNER agrees that CITY may annex the Property into the City of Clermont if CITY, in its sole discretion, chooses to do so. In conjunction herewith, OWNER shall provide to CITY a Notice of Encumbrance To Annex Property in a form substantially in compliance with the form set forth in Exhibit "B", attached hereto and incorporated herein. The CITY shall record this Notice in the public records of take County whereupon it is agreed it shalt serve as an enforceable encumbrance on the real property described in Exhibit "A'. The Notice of Encumbrance shalt be executed by all owners of the real property describe din Exhibit "A" and shah be accompanied, at OWNER'S expense, by a current certificate of title or opinion letter acceptable to CITY and issued by a licensed title company or attorney identifying all owners in interest of the real property. All land transfers by OWNER shall contain a deed restriction or covenant noting the existence of this encumbrance to annex, such restriction to be recorded as a covenant to run with the land. Section 4. SEVERABILITY In the event that any provision of this agreement shall be held invalid or unenforceable, the provision shall be deleted from this agreement without affecting in any respect whatsoever the validity of the remainder of this agreement. Section 5. NOTICES All notices, demands, or other writings required to be given or made or sent in this Agreement, or which may be given or made oc sent, by either party to the other, shall be deemed to have been fully given or made or sent when in writing and addressed as follows: CITY City of Clermont City Manager P.O. Box 120219 Clermont, FI 34712-0219 OWNER Florida VP Clermont, LLC Michael Mikkelson ~'~;~~ =~~t~~,.~~' ,r=te y"~~ I Section 6. AMENDMENTS Any amendment to this agreement is not effective unless the amendment is in writing and signed by all parties. Section 7. EFFECTIVE DATE The effective date of this agreement shall be the day of execution of the agreement required hereunder. Section 8 PRIOR AGREEMENTS To the extent that the terms and conditions of this Agreement are inconsistent or contrary to the terms and conditions of any prior water and sewer agreement related to the subject property and to which the CITY is a party, the terms and conditions of this Agreement shall prevail. IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the date listed below. CITY through its City Manager, authorized to execute same by City Council action, and OWNER through Page 3 DATED this~day of 7 , 200,x. CITY OF CLERMONT ATTEST: ~~ ~; , i'" / ~~~'~ arotd S. Turville Jr., Mayor OWNER SunDev Prop~rtiAs STATE OF FLORIDA COUNTY OF " ~~s~e" ~~ W Tracy A kroyd, City Clerk I HEREBY CERTIFY that on this day, before me, an o tcer duly a thorized to adm nister oaths and take acknowledgments, personally appeared (,~~ (~1iC~~ m~,n as ~~ of ~~''~~ Y C (r1c~r1~' C C.C. who provided identification in the form of or who is ersonall known to be the person described in and who executed the foregoing, and that he acknow}edged before me that he executed the same. Y ^~ Witness my hand and official sea} this ~ day of ~' 200 /. o,~~`Y p~~ Holly Mosher * Commisaicr. # 00561959 '~ „~,( Expires June $, 2010 ~ 80110N1 Tfp~t Pmn • IRS~peMe, NN. AA04BS•t019 Page 4 EXHIBIT "B" Notice of Encumbrance to Annex to City of Clermont City of Clermont City Manager 685 W. Montrose Street Clermont, FL 34712 THIS INSTRUMENT, Made this 23 day of August, 2005, between Florida VP Clermont, LLC, of the County of Lake, State of Florida Grantor, and the CITY OF CLERMONT, .FLORIDA, A Municipal Corporation, Grantee: WITNESSETH, NOTICE is given that heretofore or contemporaneously herewith Grantor has petitioned the Grantee for it to permit voluntary annexation of Grantor s property below described into the corporate limits of the City of Clermont, and GRANTOR, for and in consideration of the sum of ONE and 00/100 ($1.00) and other good and valuable consideration to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, DOES HEREBY ENCUMBER the below -described real property situate, lying and being in Lake County, Florida with the absolute requirement that the subject real property may be, at the sole discretion, and upon request of Grantee, annexed into the city limits of the City of Clermont at such time that fhe annexation of said real property is in accordance with applicable law, GRANTOR, further agrees, on lus/hers/theirs/its own behalf and that of Grantors heirs and assigns to perform all ministerial functions necessary of the Grantor or Grantor's heirs and/or assigns (as the case may be) then required by law to enable the described real property to be incorporated into the city limits of the City of Clermont and where such ministerial functions consist of a simple written request or the renewal of the petition of which notice is given above, then this instrument shall be considered such request and/or renewal. The subject property is described as: SEE ATTACHED EXHIBIT "A" Grantor is used for singular or plural, as the context requires. IN WITNESS THEREOF, GRANTOR has hereunto set Grantor's hand and seal the day and year first above written. PROPERTY OWNER(S): 1 2. ~/~~~~ ~d`~~;~~~!~ S~ .~nt~ur'~ltc,~ ~t~~ ~ ~.~,~''1 Type or print nam ~ t~ 1, ~,, ~-~, Y~' ucfr~+ ~ Signature Type or print name ~. Type or print name Si tune Type or print name STATE OF~~O~C \~ COUNTY OF ~f ~`' C e /f~regoing instrument was c~o_w e ~e fore me on this ~ day of ~~ ~~ l 200 by ~' ~, ~ ~ ~ ~ ~ L~,1~ ctis ~fe5~--+ o F . v1'~ ~w,:~'~ --~ ~( ersonally known o me or who has produced as 1 en ' ication an did not take an oath. o~~Y P~~, Holly Mosher Commission # DD561959 o Expires June 8, 2010 i / 9~• OF ~,~ Bonded troy Fain • Immanoe. Mc. 8pp„~g5.7019 Notary Ptz Type/print name HOLLY MOSHER Pursuant to section 69529{3)(f): this instnunent exempt from Chapter 695, F.S.,; Prepazed by a Public officer, City Attorney, City of Clermont, Florida 34712 Signap~.LY MOSHER