333-Northstar Business Park DEVELOPMENT AGREEMENT
This Agreement is made and entered into on this /J-- day,
o~/~/~ , 1989 by and between the City of Sanford (hereinafter
called "City"), a municipal corporation under the laws of the State
called "Developer");
WITNESSETH
WHEREAS, the Developer and the City desire to enter into an
agreement to facilitate the ultimate development of Central Park
Drive as a through public thoroughfare extending from State Route
46 to the end of presently platted Central Park Drive, as specified
in the plat of Sanford Central Park, Plat Book 33, page 65, records
of Seminole County; and
WHEREAS, the Developer and the City wish to cooperate in the
installation of City Utility Impact Fee funded utility lines within
the right-of-way of Central Park Drive; and
WHEREAS, the Developer proposes to initially plat a portion of
his property adjoining State Route 46 and extending southward
approximately/2~ feet, with the remaining of his property sche-
duled for platting at a later date; and
WHEREAS, it is understood that Developer will develop his sub-
division, both initial and subsequent phases, in accordance with
the development regulations of City of Sanford, requirements of
Florida Department of Transportation, and applicable requirements
of other governing jurisdictions;
NOW, therefore, in consideration of the mutual promises and
covenants contained herein, the parties do agree as follows:
1. The foregoing recitals are true and correct.
2. Developer will donate a minimum sixty (60) foot road
right-of-way from State Route 46 to the south boundary of his pro-
perty at Smith Canal. This property will be donated partly by plat
and partly by metes and bounds description as specified on Attach-
ment A. Installation of all infrastructure improvements required
\
by City of Sanford Development Regulations and applicable rules of
other governing jurisdictions shall be installed by Developer, in
accordance with appropriate regulations, except as prescribed in
this agreement.
3. In addition to description of right-of-way dedicati~
within his property, Developer shall provide a metes and bounds'
right-of-way description for dedication of right-of-way to t~'~
City, by the property owner lying immediately ~ the soUth~ to
facilitate dedication of necessary right-of-way to connect with the
platted portion of Central Park Drive as shown on the recorded plat
for Sanford Central Park. Road right-of-way geometry shall be
acceptable to the City.
4. The City shall expedite extending of its sixteen (16) inch
Impact Fee Funded water main westward along State Route 46 to the
intersection with proposed Central Park Drive, and thence southerly
within'the dedicated right-of-way of Central Park Drive. Initial
extension along Central Park Drive will be for a distance of
approximately eleven hundred ten (1110) feet. Further extension of
this water main line toward the south to connect with the main
water line with in Sanford Central Park will be completed by the
City at an appropriate later date. Installation by the City of
this water line extension shall be generally in accordance with the
attached drawing, labeled Attachment B.
5. City shall exercise its best efforts to complete installa-
tion of the water line as described in Attachment B on or about May
31, 1989. Conveyance of right-of-way by Developer must be
completed prior to award of the water line installation contract by
the City.
6. Developer shall be responsible for any additional water
line extensions necessary for his subdivision development, and for
the payment of all customa.rily required connection fees and impact
fees. ~
7. City shall use its best efforts to arrange for future
installation of an appropriate crossing for Smith Canal and the
installation of presently unconstructed sections of Central Park
Drive roadway immediately north and immediately south of Smith
Canal, connecting with the reasonable terminus of Central Park
Drive in Sanford Central Park and the normal terminus of Central
Park Drive within the total property of Developer, as would result
from the reasonable platting of the property presently owned by the
Developer conti~'~ous with Smith Canal, as shown on Attachment A.
The City will work closely with Developer, owners of the property
to the south of Smith Canal, Seminole County, and FDOT in develop-
ing a separate agreement to facilitate the installation of the
canal crossing, connecting segments of roadway, and median cut on
State Route 46. This separate agreement shall address responsibi-
lities for that installation, giving due regard to the value of
prior donations of right-of-way, and with due consideration to the
tangible and intangible benefits to be received by the various par-
ties as result of the creation of a valuable public thoroughfare.
Developer responsibility under this agreement, and the separate
agreement discussed in this section, shall not include respon-
sibility for any improvements to Central Park Drive outside the
Developer's overall property boundaries, except a reasonable por-
tion of the costs associated with the future median cut on State
Route 46,
8. Parties do hereby agree that this Agreement constitutes
the full and final agreement between said parties as of the date
hereof and that no modifications or amendments thereto shall be
binding on either party unless executed with the same formalities
hereof.
IN WITNESS WHEREOF the parties have hereunto set their hands
and seals the day and year first above wrxtten
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