452-Developers Agree-Sanford In ~"' ~ OFFtCh~,L RECORDS
DEVE~PERS AG~E~NT
SDI:~OLE CO, FL
~ AGenT, made a of this~4ay of ~~ , 1992, by
ad be~n CffY OF S~O~, a ~li~ suballUsion of the State of Florida, herein~r
sometimes refe~ to ~ "C~Y", ad S~O~ ~US~L P~, ~C., a Florida
~m~on, herein~er sometimes refe~ to ~ ~e "Owner" or ~e "Develo~r", or bo~.
~SE~ ~T
~F~AS, ~e Owner wats that Owner holds leg~ rifle to ~n l~d simat~
· e Ci~ of S~ford, Seminole Count, Florida, ~ de~b~ in Exhibit "A" hemto, such l~d
to be her~r sometimes refes~ to ~ ~e "Subj~t Pm~"; ad
~AS, ~e Subj~t Pro~ is substuffily undevelo~ at ~e present time ad
w~ r~u~e subdividing, planing ~d ~e insulation of ~n ~pi~ improvemen~ ~ it is
develop; ~d
~AS, ~e C~Y is au~o~ by Chpmr 65-2015,
S~ford ~d Development ~d U~ hw, ~d Subdivision Reg~afions ad~ pursuit ~erem,
t0 regulate such development;
~AS, ~e Owner ~ p~ of i~ ~mpl~
Dev~opment ~d U~ hw ~d Subdivision Reguh~ons desks
~AS, it is ~e pu~ of ~s Agr~ment to ~t fo~ cl~ly the undersmdhg
~d agr~ment of ~e p~es wi~ reset to ~ ~e foregohg m~rs;
NOW, ~FO~, ~S AG~~ ~SE~: ~
1. ~e Owner agr~s ~at bo~ it ~d i~ su~s~rs
provisions of ~is Agr~ment ~d of Chap~r 65-2015, ~ws of Flod~, ~e CiW of S~ford
I ~nd Dev~opment ~d Use ~w, ~d ~e Subdivision Regulations adopt~ pursuit ~ereto ~d
~H hs~ or have hs~ ~e improvemenB r~uk~ by ~e CEY in a~or~ ~ ~e x
pro~sions of ~s Agr~ment ~d of ~d law ~d regulations, which improvemenB
on ~og ~ Cons~c~on Plus for S~ver ~es Indus~ P~k, prep~ by Don~d W.
Mchtosh As~iates, Inc. under Job no. 90197, pages 1 ~rough 32, ~ approv~ by ~e Ci~
on l~u~ 9, 1992.
2. ~u~on of ~is Agr~ment sh~l give ~e Develo~r ~d Owner ~e right m plat
· e Subj~t Pm~ prior to ~y improvement or development h ac~rd~ ~ ~e Ci~ of
S~ford Id Development Regulations ~d ~y addi~onM condition or stipulations im~ on
%
the development of the Subject Property by the CITY at the time of the preliminary subdivision ,~
plan approval. c~
3. The Owner shall install and complete according to CITY specifications all o~e''~ ;"'~
improvements which are required by this Agreement and the Subdivision Regulations o~2~he
CITY within twenty-four (24) months after the date of the approval of the Plat of the Subdivitsionrn
by the City Commission of City of Sanford. Should the undersigned neglect to install.°andc:
complete the required improvements in said subdivision within the above mentioned time li~it,~o
the CITY, after thirty (30) days written notice to the undersigned, or successor in interest, iay, CD
without prejudice to any other right or remedy it may have, install or have installed or completed
in the subdivision tract said required improvements. Further, the CITY is hereby authorized to
assess the cost of installing or completing the improvements which the Developer is required to
install and complete hereunder, against the benefitted property in the subdivision tract and such
improvement assessment shall constitute a lien thereon until paid, which lien shall be superior
and paramount to the interest on such property of any owner, lessee, tenant, mortgagee or other
person except the lien of County taxes and shall be on a parity with the lien of any such County
taxes. In the event Owner elects to phase any of the improvements required hereunder, Owner
may bond such improvements for any such phase and shall not be required to construct such
improvements, provided said bond is issued in favor of the City.
4. It is understood and agreed that, upon the construction on or in dedicated rights-
of-way or easements unless otherwise provided herein, by the Owner or Developer of any capital
improvements as required by this Agreement or by the Provisions of the City of Sanford land
Development Regulations or any other applicable regulations, ordinances or laws of the CITY
from time to time existing, and the acceptance thereof by the CITY will thereafter assume the
cost of maintenance of the same; provided that all such improvements shall be covered by a
bond suitable to the CITY conditioned to pay for any defects in such improvements which shall
become apparent within two (2) years after aeeeptance by the CITY in accordance with Section
6.14. of the Land Development Regulations.
5. Anything herein contained to the contrary notwithstanding the CITY shall not be
obligated hereby to furnish any rights-of-way, funds, or materials whatever to the initial
construction of new streots or roads or the widening of existing streets or roads upon the Subject
Property, or for any other improvement of any nature whatsoever.
6. The Owner upon the execution of this Agreement, shall pay to the CITY the costs
of recording this Agreement in Seminole County, Florida.
7. This Agreement shall be binding, and shall inure to the benefit of the Subject
Property and be binding upon any person, firm, or corporation who may become the successor
in interest, directly or indirectly to the Subject Property.
IN WITNESS WHEREOF, the paxties hereto have caused these presents to be signed all
as of the date and year first above written.
ATTEST: CITY OF SANFORD, a political
subdivision of the State of Florida
By: rn
e: d~>tc7~ f( J~gt4a~D~_. Name: e,-~, 5f~#t]41
Print Nine:
SANFORD INDUSTRIAL PARK, INC.,
a Florida corporation
REX02~76\0001LRTRSICll,llA
911112.5
EXHIBIT "A"
DESCRIPTION
The following land is located in Seminole County, Florida.
The South 1/2 of the Southeast 1/4 of Sectlon 7, Township 20 South,
Range 31 East, Seminole County, Florida (Less the West 871.2 feet of
the North 625.0 feet, and less the East 800.0 feet of the West 1671.2
feet of the North 685.0 feet, and less the E:asterly 100.0 feet of the
West 1771.2 feet of the Northerly 125.0 feet thereof).
The Southeast 1/4 of the Northeast 1/4,, and the East 1/,3 of the
Southwest 1/4, of the Northeast 1/4,, and the Northeast 1/4. of the
Northeast 1/4, off. In Section 18, Townshlp 20 South, Range 31 East,
Seminole County, Florida.
The South 1/2 of the Southwest 1/4 of Section 8, Township 20 South.
Range ,31 East, Seminole County, Florldo.
The North 1/2 of the Northwest 1/4 of the Northwest I/4 of Section 17,
township 20 South, Range 31 East, Seminole County, Florldo.
SUBJECT TO rights-of-way of Silver-Lake Rood and Pineway.
Together contolning 2~,7,111 acres more or less.