1750* 3rd Amdmt to MOU - Sanford Waterfront Partners - Catalyst Site Iq 60
THIRD AMENDMENT TO MEMORANDUM OF UNDERSTANDING
BETWEEN THE CITY OF SANFORD FLORIDA AND SANFORD
WATERFRONT PARTNERS, LLC (AS ASSIGNEE) FOR THE
POTENTIAL DEVELOPMENT OF CERTAIN CITY OWNED PARCELS
LOCATED WITHIN THE LAKE MONROE WATERFRONT DOWNTOWN
SANFORD COMMUNITY REDEVELOPMENT AREA
THIS THIRD AMENDMENT TO THAT MEMORANDUM OF UNDERSTANDING
(the"MOU")that was entered by the parties on February 23, 2016, as amended/extended,
is made and entered into as of this day of February , 2017, by and between the
CITY OF SANFORD, FLORIDA, a municipality of the State of Florida (the "City"), whose
mailing address is 300 North Park Avenue, Sanford, Florida 32771, and SANFORD
WATERFRONT PARTNERS, LLC, a Florida limited liability company, as assignee, a
limited liability company of the State of Florida (the "Developer"), whose mailing address
is 208 Andalusia Avenue, Coral Gables, Florida 33134.
WHEREAS, the City and the Developer, then Torre Construction And
Development, LLC entered an MOU effective on February 23, 2016; and
WHEREAS, the then Developer, with the approval of the City, assigned its rights
and obligations under the MOU to Sanford Waterfront Partners, LLC effective on May 23,
2016; and
WHEREAS, on October 10, 20161 , the City Commission approved the First
Amendment to the MOU providing for an extension of 60 days (until December 19, 2016);
and
WHEREAS, on December 12, 20162, the City Commission approved the First
Amendment to the MOU providing for an extension of 60 days (until February 20, 2017);
and
WHEREAS, the parties are desirous of further amending the MOU as set forth
herein; and
WHEREAS, the current status of the MOU is such that the parties are in good
standing.
NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS,
which are made part of this Amendment to the MOU, and the mutual agreements set forth
below, and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the City and the now Developer, by assignment, hereby agree to
the following additional revision to the MOU:
i Regardless of the dates set forth thereon.
2 Regardless of the dates set forth thereon.
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(A). SECOND AMENDMENT TO THE MOU:
Section 6 of the MOU is amended to read as follows (additions are shown in underling
deletions are shown in strikethroug-14):
SECTION 6. EFFECTIVE DATE, TERMS, AMENDMENTS,
TERMINATION:
This MOU shall commence on the date of full execution as evidenced
by the last date this MOU is executed by a party (February 23, 2016 which
is the "Effective Date"), and shall remain effect until F=ebFugfy:?9a April 26,
2017 feF thFee hundFed (300) days, subject to extension as provided in
Section 9(a) below (the"Term"). This MOU may be amended by the parties.
B. EFFECT OF SECOND AMENDMENT TO MOU:
Except as amended herein, all terms and conditions of the MOU, as amended, shall
remain in full force and effect. The parties ratify and affirm the provisions of the MOU and
the performance of one another under the MOU and affirm and declare that there has
been no breach of the MOU by either party.
IN WITNESS WHEREOF, the following authorized representatives of the City and
Developer have executed this amend ment/extension to the MOU on the date signed by
each party.
CITY OF SANFORD, a municipality of
the State of Florida.
Jeff Trip ft, Ma
Attest Date: F bruary 2017
Cynthia Porter, City Clerk
Approved as to form and
Legality.
William L. Colbert, Esquire
City Attorney
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ADDITIONAL SIGNATURE PAGE FOLLOWS:
3 1 P a g e
SANFORD WATERFRONT
PARTNERS, LLC, a Florida limited
liability company, as the Assignee of the
mou.
Richard Heienbottle, Manag r
Date: 9eeenibw 2-1, 2017
WITNESSES:
... . ..-----
Alul-1
Si q a re of Wit ss
Printed Narle of-Witness
SignRture of Witness
C� "+-I't" - P, r-tt X-
Printed Name of Witness
STATE OF FLORIDA
COUNTY OF SEMINOLE
I HEREBY CERTIFY that on this day, before me, an officer duly authorized to
administer oaths and take acknowledgments, personally appeared Richard Heisenbottle
and he acknowledged executing the same in the presence of two subscribing witnesses
freely and voluntarily and he isCpejr—so—na—lly—k—now--n-,- to me or provided
as identification.
Witness my hand and official seal in the County and State last aforesaid this 24
day of February, 2017.
(Affix Notary Seal) Of, k-U0 L -K
Notary Public;Atate o Florida
OSpAY TRACT R.HOUCHIN Print Name:q U n
N. • MY COMMISSION#FF 042947
EXPIRES:August 24,2017
V:It
0� Bonded Ra Budge Notary ServIou
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