R98-148RESOLUTION R98-/~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING AND DIRECTING THE MAYOR
AND CITY CLERK TO EXECUTE A FIRST
AMENDMENT TO THE DEVELOPMENT
AGREEMENT BETWEEN THE CITY OF
BOYNTON BEACH AND OCEAN BREEZE
FESTIVAL 'PARK, INC.,
DEVELOPMENT OF
PROPERTY COMMONLY
THE MARINA PROJECT;
EFFECTIVE DATE.
RELATING TO THE
6.93 ACRES OF
REFERRED TO AS
AND PROVIDING AN
WHEREAS, the City of Boynton Beach and Ocean Breeze Festival
Park, Inc., entered into a Development Agreement dated July 1, 1997, which
set forth conditions and obligations for development of 6.93 acres of land
commonly referred to as the Marina Project in the vicinity of Casa Loma
Boulevard; and
WHEREAS, the City approved a site plan for the project, a copy of
which is attached to the July 1, 1997, Developer's Agreement as Exhibit "B";
and
WHEREAS, the City established conditions of approval associated
with the site plan and the Developers Agreement, which were attached to the
Developers Agreement as Exhibit "H"; and
WHEREAS, the Developer has requested approval of the City to
phase the development in two phases rather than a single unified phase; and
WHEREAS, the City and the Developer have nego~ated for the
approval of a two phase development conditioned upon certain minor
modifications to the site plan and the conditions of development all of which
are reflected in the First Amendment to the Development Agreement and
corresponding exhibits thereto, attached hereto as Exhibit "A".
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach,
Florida does hereby authorize and direct the Mayor and City Clerk to execute
the First Amendment to the Development Agreement, attached hereto as
Exhibit "A"
Section 2.
passage.
This Resolution will become effective immediately upon
PASSED AND ADOPTED this ,~ day of September, 1998.
CITY OF BOYNTON BEACH._ELORIDA
V~ce Mayor,/ /'
Commissioner
AL,TEST:
Cit~ Clerk
EXHIBIT "A"
At the time this resolution was submitted for inclusion in the Agenda
the First Amendment to Developers Agreement was still in
negotiation/drafting status. A copy of the First Amendment to the
Developers Agreement will be provided to the Commission to
supplement their agenda packages on or before August 28, 1998.