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064-Riverwalk Trailhead Agrmt tAGREEMENT TO LEASE G ti THIS AGREEMENT (the "Agreement') is made and entered as of the 27th day of October, 2003, by and among the CITY OF SANFORD, FLORIDA, a municipal corporation organized and existing under the laws of the State of Florida (the "City "), whose address is 300 North Park Avenue, Sanford, Florida 32771, and WILSON CENTER, INC., a Florida corporation whose address is 160 International Parkway, Suite 250, Heathrow, Florida 32746 (being sometimes referred to as the "Developer "). WITNESSETH: WHEREAS, the Developer intends to develop certain property containing a total of approximately 11,316.24 square feet or 0.2598 acres being more specifically described as follows: Project Name /Address: Marina Riverwalk Trailhead Centre (the "Project') NE Corner of N. Palmetto Avenue and E. Seminole Boulevard \gyp Sanford, Florida N Description: w w THAT PROPERTY LOCATED AT THE NORTHEAST CORNER OF EAST N SEMINOLE BOULEVARD AND NORTH PALMETTO AVENUE IN THE CITY a „ OF SANFORD, FLORIDA, MORE SPECIFICALLY DESCRIBED IN EXHIBIT w d A; b z All property sometimes to be referred to as the "Site ". vo WHEREAS, the City desires to develop a Trailhead Building at the entry to x x Marina Isle in order to provide restroom facilities and an outdoor cafe in order to service persons utilizing the Riverwalk; and zb " WHEREAS, the Trailhead Building is not financially feasible for the City to construct due to high cost and the fact that other City facilities and services are of o a higher priority; and WHEREAS, the City, in similarity to public - private partnerships already F o established for the Marina Isle, desires a private partner to share the development and success of the Trailhead Building Project; and o WHEREAS, the Developer, Wilson Center, Inc., intends to develop a Trailhead Building Project including retail commercial, outdoor restaurant/cafe, and public restroom facilities; and bs � a a 7/7/03 1 FILE NUM 2003200311 OR BOOK 05091 PAGE 0663 WHEREAS, the proposed development is consistent with the Lake Monroe Waterfront and Downtown Sanford Community Redevelopment Plan; and WHEREAS, the proposed development is consistent with the City of Sanford Comprehensive Plan; and WHEREAS, Wilson Center, Inc. specifically agrees: 1. That the conditions and commitments contained herein run with, follow and perpetually burden the Site; and 2. To build or cause to be built a Trailhead Building Project including retail commercial, outdoor restaurant/cafe, and public restroom facilities plus associated Site improvements on or before December 31, 2004; and 3. To develop the Site consistent with and in compliance to the Sanford Land Development Regulations and all other applicable regulations and ordinances of the City and other regulatory agencies; and 4. To submit on or before December 31, 2003, the Project for review as a Development Plan which requires site plan approval by the Sanford Planning and Zoning Commission and engineering plan approval by the City and that any and all conditions and commitments resultant from that process shall be complied with; and 5. To pay, in advance, for any and all costs that may result from the modification of the Riverwalk design so as to accommodate integration and harmonization with the Project. The City shall have final approval of the design of the site and materials utilized in the Site: and 6. To pay for any and all utility and stormwater facility relocation costs associated with the Project in advance of any such work; and 7. To ensure that construction of the Project will begin within one hundred and eighty days (180) of issuance of initial building permit, which shall be obtained on or before December 31, 2003, for the Project if all inspections have been successfully completed; and 8. To insure that certificates of occupancy for the Project will be issued within one (1) year of the issuance of the building permit; and 9. Provide and fund perpetual maintenance of and provide public access during normal business hours to public restrooms constructed on the Site; and 10. Provide and fund design and construction for an appropriate drive 2 FILE NUM 2003200311 OR BOOK 05091 PAGE 0664 to serve both, the Project and concurrently the bus and patron traffic to the marina parking lot to the north and to provide for a cross access easement to serve this parking lot. The City shall have final approval of the design of the Site and materials utilized in the site. WHEREAS, the City specifically agrees: 1. To enter a lease with the City leasing the Property to Wilson Center, Inc., within sixty (60) days of execution of this Agreement. Such lease shall generally be consistent with provisions contained in other leases on the Marina Isle as follows: A. Annual base rental of one thousand dollars ($1,000) for the initial five (5)year lease term; B. Increase annual rental for each year of the successive five (5)year lease term by five hundred dollars ($500.00); C. Term and duration of lease through 2040 with first refusal of renewal for an additional forty -five 45 year lease period. 2. To waive all City permit fees for the Project. WHEREAS, the City and Wilson Center, Inc., specifically agree: 1. That the parties will execute any documents reasonably necessary to implement the provisions of this Agreement and the parties shall approach the Project and all associated acts to benefit the public health, safety and welfare of the citizens of the City of Sanford and the City's Riverwalk Project as well as the Developer's Project. 2. That failure to adequately satisfy the terms and conditions of this Agreement or the Lease will cause Property to revert to the City. 3. The City may modify the timeframes outlined in this Agreement if it is deemed in the public's interest. 4. Notwithstanding anything to the contrary stated elsewhere in this Agreement, the City shall have no obligation to fund any public facilities or infrastructure necessitated by the development of the Site. 5. In addition to the acts recited in or set forth in this Agreement, the City and Wilson Center, Inc. agree to perform or cause to be performed, in a timely manner, any and all further acts as may be reasonably necessary to implement the provisions of this Agreement including, but not limited to, the execution and /or recordation of further instruments; provided, however, that the City's obligations shall be subject to such limitations of law as may be applicable to municipalities. 7/7/03 3 FILE NUM 2003200311 OR BOOK 05091 PAGE 0665 This Agreement is solely for the benefit of the formal parties to this Agreement, and no right or cause of action shall accrue by reason hereof to or for, the benefit of any third party not a formal party hereto. Nothing in this Agreement, expressed or implied, is intended or shall be construed to confer upon or give any person or entity any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof, other than the parties hereto and their respective representatives, successors and assigns. 6. This Agreement shall become effective upon its being duly executed by all of the parties hereto. 7. To the limited extent permittable by State law, but subject to the statutory limits of liability set forth at Section 768.28, Florida Statutes, the City agrees to indemnify and hold harmless Wilson Center, Inc. from and against any and all claims, assertions, damages, judgments and lawsuits arising from the negligent acts or omissions of the City or its officers, employees or agents under and pursuant to this Agreement. Reciprocally, Wilson Center, Inc. agrees to indemnify and hold harmless the City from and against any and all claims, assertions, damages, judgment and lawsuits arising from the acts or omissions of Wilson Center, Inc. or its officers, employees or agents under and pursuant to this Agreement. 8. Time is of the essence of the lawful performance of the duties and obligations contained in this Agreement. The parties covenant and agree that they shall diligently and expeditiously pursue their respective obligations set forth in this Agreement. 9. This Agreement and the terms and conditions hereof shall be binding upon and inure to the benefit of the City and Wilson Center, Inc., and their respective successors in interest; provided, however, that this Agreement shall not be assigned by Wilson Center, Inc., in whole or part, to any other person or entity without the express written consent of the City. The City, at its sole discretion, reserves the right to deny any assignment of this Agreement. 10. This Agreement and the provisions contained herein shall be construed, controlled and interpreted according to the laws of the State of Florida. 11. Each party hereto represents to the other that it has undertaken all necessary actions to execute this Agreement, and that it has the legal authority to enter into this Agreement and to undertake all obligations imposed on it. 12. The City shall, within five (5) business days following full execution of this Agreement, and at the Developer's sole cost and expense, record a fully executed counterpart of this Agreement in the Public Records of Seminole County, Florida. M FILE NUM 2003200311 OR BOOK 05091 PAGE 0666 13. Florida law shall govern the interpretation and enforcement of this Agreement. In any action or proceeding required to enforce or interpret the terms of this Agreement, venue shall be in the Eighteenth Judicial Circuit Court in and for Seminole County, Florida. 14. This Agreement is the result of bona fide arms length negotiations between the City and Wilson Center, Inc., and all parties have contributed substantially and materially to the preparation of the Agreement. Accordingly, this Agreement shall not be construed or interpreted more strictly against any one party than against any other party. 15. In the event of any action to enforce the terms of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees, paralegals' fees, and costs incurred, whether the same be incurred in pre - litigation negotiation, litigation at the trial level, or upon appeal. 16. The headings or captions of the sections and subsections contained in this Agreement are used for convenience and reference only, and do not, in themselves, have any legal significance and shall not be afforded any. The exhibits to this Agreement are hereby incorporated into this Agreement and are an integral part of this Agreement. 17. Following the recordation of this Agreement, the benefits and burdens of this Agreement shall become a covenant running with the title to the Site, and all parts and parcels thereof, and this Agreement shall be binding upon and inure to the benefit of the City and its assigns and successors in interest. 18. If any provision of this Agreement, the deletion of which would not adversely affect the receipt of any material benefits by either party to the Agreement or substantially increase the burden of either party to the Agreement, shall be held to be unconstitutional, invalid or unenforceable to any extent by a court of competent jurisdiction, such portion shall be deemed a separate, distinct, and independent provision and the same shall not affect in any respect whatsoever the validity or enforceability of the remainder of the Agreement. 19. Any notice that is to be delivered hereunder shall be in writing and shall be deemed to be delivered (whether or not actually received) when (i) hand delivered to the official hereinafter designated, or (ii) upon receipt of such notice when deposited in the United States mail, postage prepaid, certified mail, return receipt requested, addressed to the parties as follows (neither e- mail,facsimile transmittal is acceptable as a form of notice in this Agreement): To the City: City Manager City of Sanford 300 North Park Avenue Sanford, Florida 32771 7/7/03 5 FILE NUM 2003200311 OR BOOK 05091 PAGE 0667 To Wilson Center, Inc.: Mr. Robert L. Horian 550 N. Palmetto Avenue Sanford, Florida 32771 20. This Agreement constitutes the complete and entire agreement between the City and Wilson Center Inc., with respect to the subject matter hereof, and supersedes any and all prior agreements, arrangements or understandings, whether oral or written, between the parties relating thereto, all of which have been integrated herein. 21. This Agreement may not be amended, changed, or modified, and material provisions hereunder may not be waived, except by a written document, of equal dignity herewith, approved by the City Commission of the City and Wilson Center, Inc., and signed by all parties to this Agreement. 22. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which, taken together, shall constitute one and the same document. 23. This Agreement touches and concerns the previously described property and the conditions, commitments and provisions of this Agreement shall perpetually burden, run with and follow the said Property and be a servitude upon and binding upon said property unless released in whole or part by action of the City by virtue of a document of equal dignity herewith. The Developer of the said property has expressly covenanted and agreed to this provision and all other terms and provisions of this Agreement. 6 FILE NUM 2003200311 OR BOOK 05091 PAGE 0668 COMES NOW, Wilson Center, Inc., the Developer of the afore described properties described and referred to in this Agreement, on behalf of itself and its heirs, successors, assigns or transferees of any nature whatsoever and consents to, agrees with and covenants to perform and fully abide by the provisions, terms, conditions and commitments set forth in this Agreement. ATTEST: WILSON CENTER, INC. WITNESSES: &� Robert L. Horian, Sole Officer CGs'1_ (CORPORATE SEAL) ATTEST: /01 F G� Janet R. Dougherty, Ci Clerk APPROVE AS TO FO RM AND Date:' I CITY OF SANFORD, FLORIDA 7E ? Brady Less rd, Mayor ffla r LA11 yr tit *GK 1 r ( 1 VIV f t- - S UNC 0 R PROPERTIES, INC SECTION 25. TOWNSHIP /9 SOUTH. RANGE JO EAST THE CITY Of SANFORD. SEMI NOL E COUNTY, FL OR / DA OESCRIPT /ON: (WRITTEN BY SURVEYOR) A arties of lot 1. $AVORO 1116WROlT PROJECT. accer r difl to the plot /hero/ as retarded If Plot /eel 1f. Pt'• 66 of Me Arbllc Reeordr of Sce/oole Ca#$tr. E /orldc 60101 term Pmrller /mrlj dortrlbd of fel /orm: Aelic m/ the Set thawl caner of Lot 1. SAAFORO R /rFAFRONT PROJECT. eetordts to the Plot thee/ to rote'dd if Plot Jed 14. Pol!e N of tA, Pokl/r Regard# of Sm ;oe /e Ceeet7 #$ . F m Fiorillo d Pre N 0 a /ee I` Feel l7 to of laid Lot 1. 11J.96 test: Iheece /toriy said Cmtl /Ito roe S 90 IZ J7 foot: Motor r#$ S 0 - F. 66.55 fed/ le a I. p 14e $410A /loo of eo/d Lot 1. IAmece rte S WIN*IS'F vital said Soe/A life. 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