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R18-059 1 2 RESOLUTION NO. R18-059 3 4 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 5 FLORIDA, APPROVING A SECOND AMENDMENT TO 6 DEVELOPER'S AGREEMENT BETWEEN THE CITY OF 7 BOYNTON BEACH AND SKYE AT BOYNTON BEACH, LLC, 8 THAT RELEASES THE SURETY REQUIRED TO BURY 9 OVERHEAD UTILITY LINES ACROSS FEDERAL HIGHWAY AT 10 SOUTHEAST 2ND AVENUE; AND PROVIDING AN EFFECTIVE 11 DATE. 12 13 WHEREAS, on July 1, 2014 the City Commission approved the 500 Ocean site 14 plan for the mixed use project consisting of 341 dwelling units within five (5) six (6) story 15 buildings, retail space and associated amenities and parking, zoned MU-H (Mixed Use 16 High); and 17 WHEREAS, on May 5, 2015, the land development agreement between the City 18 and SKYE at Boynton Beach, LLC., was approved via Resolution 15-047 and First 19 Amendment was approved on January 19, 2016 via Resolution R16-007; and 20 WHEREAS, pursuant to Section 3C of the Developer's Agreement SKYE at 21 Boynton Beach, LLC., posted a cash surety to bury the overhead utility lines across 22 Federal Highway at Southeast 2nd Avenue in the amount of$26,961.66 which represents 23 50% of the cost to perform the work based on a licensed engineer's or FPL's estimated 24 cost. 25 WHEREAS, the developer SKYE at Boynton Beach, LLC., has requested release 26 of the cash surety as there is no intent or planned work that would warrant use of the 27 surety prior to the expiration of the Developer's Agreement on June 10, 2018; and 28 WHEREAS, upon recommendation of staff, the City Commission of the City of 29 Boynton Beach Florida deems it to be in the best interest of the citizens of the City of C:\Users\StanzioneT\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.lE5\52FYTEOE\SKYE 2nd_Amendment_to_Developers_Agmt_-_Reso.doc 30 Boynton Beach to approve and authorize the City Manager to sign the Second Amendment 31 to the Developer's Agreement between the City of Boynton Beach and SKYE at Boynton 32 Beach, LLC. 33 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 34 THE CITY OF BOYNTON BEACH, FLORIDA, THAT: 35 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed 36 as being true and correct and are hereby made a specific part of this Resolution upon 37 adoption. 38 Section 2. The City Commission of the City of Boynton Beach, Florida, hereby 39 approves and authorizes the City Manager to sign the Second Amendment to the 40 Developer's Agreement between the City of Boynton Beach and SKYE at Boynton Beach, 41 LLC., a copy of the Second Amendment to Developer's Agreement is attached hereto as 42 Exhibit"A". 43 (INTENTIONALLY LEFT BLANK) C:\Users\StanzioneT\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.IE5\52FYTEOE\SKYE_2nd_Amendment_to_Developers_Agmt__Reso.doc 44 45 Section 3. That this Resolution shall become effective immediately. 46 PASSED AND ADOPTED this 3rd day of April,2018. 47 CITY OF BOYNTON BEACH,FLORIDA 48 YES NO 49 50 Mayor-Steven B. Grant =� 51 52 Vice Mayor-Christina L. Romelus 53 54 Commissioner-Justin Katz 55 56 Commissioner-Mack McCray 57 58 Commissioner-Joe Casello 59 60 VOTE 5-1) 61 ATTEST: 62 63 /4a° yr 1 64 Judit, A. Pyle, CMC - 65 Cit2/4,4a; Jerk 66 67 (Corporate Seal) • C:\Users\StanzioneT\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.IE5\52FYTEOE\SKYE_2nd_Amendment_to_Developers_Agmt_-_Reno.doc \ 8 — C) SCA SECOND AMENDMENT TO DEVELOPER'S AGREEMENT This Second Amendment to Developer's Agreement is made and entered into this I i94 -day of , 2018 by and between the City of Boynton Beach (hereinafter referred to as "City") Al Skye at Boynton Beach, LLC., (hereinafter referred to as "Developer ") (collectively referred to as the "parties "). WITNESSETH WHEREAS, the City and Developer entered into a Developer's Agreement ( "Agreement ") dated May 5, 2015, a copy of which is attached hereto as Exhibit "A "; and WHEREAS, the City and Developer entered into a First Amendment to Developer's Agreement dated January 19, 2016, a copy of which is attached hereto as Exhibit "B "; and WHEREAS, Developer is obligated to construct on- street parking along U.S. Highway One as a condition of the approved site plan; and WHEREAS, as a condition the Developer was required to post a cash surety to bury the overhead utility lines across Federal Highway at Southeast 2nd Avenue in the amount of $26,961.66 which represents 50% of the cost to perform the work based on a licensed engineer's or FPL's estimated cost; and WHEREAS, as there is no intent or planned work that would warrant use of the surety prior to the expiration of the Agreement, the Developer has requested release of the cash surety. NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. The recitals contained herein are hereby incorporated by reference. 2. Developer has requested and the City is agreeable to release the cash surety bond in the amount of $26,961.66 posted by the Developer to bury overhead utility lines across Federal Highway at Southeast 2 Avenue. 3. Paragraph 3C of the Developer's Agreement shall be amended as follows: (c) Utilities Existing overhead utility lines along the rights -of -way shall be buried to improve the appearance of the development with the exception of SE 2 Avenue. The developer will relocate the existing overhead utility lines along SE 2 Avenue to the south side of the right of way along SE 2nd Avenue. The developer will provide surety to the City and maintain the surety for the duration of the developers agreement to bury the overhead utilities lines across Federal Hwy at SE 2nd Avenue in the amount of 50% of the cost based on an licensed engineer's or FPL's estimated cost or the City shall release surety at such time it is determined by the City that the planned work for which the surety 1of2 was posted will not be performed. All utility poles will be designed in accordance with FPL standards. 4. The terms and conditions of the Agreement and First Amendment shall remain in full force and effect except as specifically amended herein. In the event of a conflict between the terms of the Agreement, First Amendment and this Second Amendment, the terms of the Second Amendment shall control. IN WITNESS WHEREOF, the Parties have signed this Second Amendment to Developer's Agreement on the date(s) set forth below. CITY OF BOYNTON BEACH By .�.° Lori LaVerriere City Manager APPROVED AS TO FORM: J �ACh e r f, ty t rney SKYE AT BOYNTON BEACH, LLC. Known to Me * D. A ar L. c STATEd`. Date: V, I Date: Produced Identification 2of2 .y � ��• r - - j� + I'A 4 ded �� , r - - .6 • -.% Uft - -W STAITO T} I1S INSTRt fWNf' WAS PREPARED BY AND SHOULD BI RETURNED TO: Gerald J. Biondo, Esq. Murai 1kald Biondo Moreno & Brochin, PA 1200 Ponce de Leon Blvd. Coral Gables. FL. 33134 DEVELOPER'S AGREEMENT This DEVELOPER'S AGREEMENT (the "Agreement") is made and executed this day of April 2015 by and between the CITY OF BOYNTON BEACH, a Florida Municipal Corporation (the "City "), whose address is 100 E, Boynton Boulevard, Boynton Beach, Florida 33435, and SKYE AT BOYNTON BEACH, LLC, a Florida corporation as assignor for an entity in formation ('Developer ") whose address is 650 S. Northlake Boulevard, Suite 450, Altamonte Springs, Florida 32701. WITNESSETH WHEREAS, EREAS, Developer has contracted pursuant to a written Purchase Contract (the "Purchase Contract ") to purchase from Capstone Residential Development, a Delaware Limited Liability Company the fee simple ownership of certain real property containing 4.688 acres +!- located in the City of Boynton Beach and more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference (the Property); and WHEREAS Developer desires to buy the Property, provided that Developer is able to develop the Property as a residential multifamily comm-unity to be comprised of up to 341 residential emits in a building which contains five (5) to six (6) stories, plus a parking garage, and approximately 1.3,300 square feet of retail space, and approximately 6,600 square feet of office space (the "Project ") as depicted in that certain approved site plan, entitled "500 Ocean ", dated April 15,2105, and prepared by MSA Architects under project No. 1593, Sheet Number A 1.1, a copy of which is attached hereto as Exhibit "B" and incorporated herein by this reference (referred to as the "Master Site Plan ") and in accordance with the terms and conditions of this Agreement and Development Order date July 1, 2014 granted by the City Commission of the City of Boynton Beach ( hereafter the " Development Order ") ; and WHEREAS the City and Developer desire to set forth the following special terms and conditions with respect to the proposed development of the Project. NO-W, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties mutually agree as follows: 1. Recitals The foregoing recitals are true and correct and are hereby incorporated . herein by this reference. 2. Authority This Agreement is entered into pursuant to the Florida Municipal Monte Rule Powers Act. 3. Obligations and Commitments In consideration of the City and Developer entering into this Agreement, and as an, inducement for Developer to buy the Property, the City and Developer hereby agree as follows: (a) Approval of Master Site Plan The City hereby has approved the Master Site Plan on Jules 1, 2014, subject to the terms of the Development Order and this Development Agreement (b) Zoning Amendment The Zoning map of the City has been amended to "Mixed Use High (NIU -H)" corresponding with the project master /site plan. (c) Utili ties. Existing overhead utility lines along the rights -of -way shall be buried to improve the appearance of the development with the exception of SE 2 " Avenue. The developer will relocate the existing overhead utility lines along SE 2 " Avenue to the south side of the right of way along SE 2" Avenue. The developer will provide surety to the City and maintain the surety for the duration of the developers agreement to bury the overhead utilities lines across Federal Hwy at SE 2nd Avenue in the amount of 50% of the cost based. on an licensed engineer's or FPL's estimated cost. All utility poles will be designed in accordance with FPL standards. (d) Over Sizing; of Lines The Developer will upsize certain utility lines and install new utility lines that do not serve the Property pursuant to the plans approved by the City. Capital facilities charge credits will be available for the pipelines that are oversized and/or new lines installed that serve other properties in accordance with the provisions of Chapter 26 of the City Code of Ordinances. The City will reimburse the Developer after "Final Acceptance" of the water and reuse main improvements for the project based on the percentages indicated on Exhibit 1 attached hereto. Final Acceptance involves compliance with the City requirements as follows: (aa) the granting of an appropriate easement over the Developers Property in the location of the utility line (bb) the conveyance of said facilities by Bill of Sale (cc) the completion of all city required punch list items (dd ) the delivery of "as built "plans (ee) the approval and sign of the City Health Department (e) Credit Against Impact Fees Developer is entitled to a credit against the impact fees as follows: (aa) The City will collect impact fees for the benefit of Palm Beach County in connection with the procurement of building permits by the Developer. The Developer contemplates procuring a credit from Palm Beach. County for an amount equal to the payments and usage of the prior owner of the site in connection with. a development that has been abandoned . To the extent the Developer properly documents the same to the reasonable satisfaction of the City, the City will apply said credit against the fees collected at time of building permit issuance. (bb) A Capital. Facilities Charge (Water and Sewer) credit from the City in the amount of $22,516 is to be applied against the Capital. Facilities charges. (f) Construction of Storm, Improvements Developer has designed the Project so that all storm water duality, retention and /or detention improvements for the Project, together with the interior roadways and driveways to be located within the Project, drain into the existing City maintained drainage system. The Developer, at their expense, will be required to provide an easement for conveyance of storm water for the public rights of way adjacent to the Property by relocating and constructing a new drainage system on the subject Property. The Developer and /or its successors will be responsible for the maintenance of said portion of the relocated drainage system within the subject Property boundaries in perpetuity. In the event the developer and /or its successors breaches and. provision of this condition, the City may exercise one or more of the following options, provided that at no time shall City be entitled to receive double recovery of damages: (aa) Pursue a claim for damages suffered by City or the public. (bb) Pursue any other remedies legally available. (cc) As to any work not performed by the developer and/or its successors, perform such work with its own forces or through contractors and seek reimbursement for the cost thereof from the developer and /or its successors if the developer and /or its successors fails to cure the non - performance within fourteen (14) days after written notice from the City of the non - performance, provided, however, that advance notice and cure shall not be preconditions in the event of an emergency. These obligations shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective successors and assigns. The terms and conditions similarly shall be binding upon the Property and shall run with title to the same. (g) No Platting The Property is not required to be platted. It currently has only one tax ID #; to wit, 08434528030070010, evidencing it is one unified parcel. Developer shall record a unity of title for the entire Property in form and content reasonably satisfactory to the City. (h) Levels of Service The City acknowledges that the "Levels of Service" monitored by the City and located and subject to the jurisdiction of the City (e.g. water, sewer, wastewater, solid waste, city roads, parks, school facilities) located in the vicinity of the Property were sufficient to accommodate the Project at the time of Master Site Plan approval. (i) Maintenance Obligations. The Developer and or any successor in title to the Property agrees that they will have the continuing obligation to maintain the street lighting adjacent to the Project , so as to illuminate the public rights of way adjacent to the Project, said street lights being located in Ocean Avenue, SE 4 Street, SE 2" Avenue and Federal Highway but only with respect to the portion of said streets lying contiguous to the Project . The Developer at its expense shall install and provide street lighting for the right of way adjacent to the Project along Ocean Avenue, SE 4 Street, SE 2" Avenue and Federal I.-lighway, The Developer will provide surety and liability insurance for the work located within the City and FDOT right of way in a form acceptable to the City prior to issuance or permits, The Developer and any successor in title will be responsible for the energy cost and maintenance of lighting in perpetuity for the street lights adjacent to the Property. In the event the Developer, or a successor in title breaches the afore-described covenant the City may e\ercise one or more of the following options: (aa) Pursue a claim for damages suffered by City or the public. (bb) Pursue any other remedies legally available. (cc) As to any work not performed by the developer and/or its successors, perform such work with its own forces or through contractors and seek reimbursement for the cost thereof from the developer and/or its successors if the developer and/or its successors fails to cure the non-performance within fourteen (l 4) days after written notice from the City of the non- performance; provided, however, that advance notice and cure shall not be preconditions in the event of an emergency. These obligations shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective successors and assigns. The terms and conditions similarly shall be binding upon the Property and shall run with title to the same. 4. Sidewalk Easement. Prior to TCO, CO and/or acceptance of any offsite improvements the required five (5) foot minimum unobstructed sidewalk casement for public access adjacent to SE 4"' Street, SE 2" Avenue, and Ocean Avenue must be recorded and dedicated to the City, The Developer and/or its successors will responsible for the maintenance of said sidewalk within the five foot easement in perpetuity. This condition shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective successors and assigns. The terms and conditions similarly shall be binding upon the Property and shall run with title to the same. 5. Representations of the Parties, The City and Developer hereby each represent and warrant to the other that it has the power and authority to execute, deliver and perform the terms and provisions of this Agreement and has taken all necessary action to authorize the execution, delivery and performance of this Agreement will, When title to the Property is vested in Developer and/or its designated assignee and when duly executed and delivered by the City, then this Agreement will be recorded in the Public Records of Palm Beach County, Florida, and will constitute a legal, �,jalid and binding obligation enforceable against the parties hereto and the Property in accordance with the terms and conditions of this Agreement. Developer represents that it has voluntarily and willfully executed this Agreement for purposes of binding the Property to the terms and conditions set forth in this Agreement. In the event Developer and/or its assignee does not acquire title to the Property pursuant to the Purchase Contract then this agreement shall be of no force and effect. 6, Time Period. This agreement shall remain in effect for a period of three (3) years form the date hereof. Any provision of this Agreement which imposes a maintenance obligation for the developer and it's successors after expiration of this Agreement shall survive the expiration of this Agreement. 7. Successors and Assigns. This Agreement shall automatically be binding upon and shall inure to the benefit of the City and Developer and their respective ve successors and assigns. The terms and conditions of this Agreement similarly shall be binding upon the Property and shall run with title to the same, 8. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. 9, Amendments. This Agreement shall not be modified or amended except by written agreement duty executed by both parties hereto (or their successors or assigns) and approved by the. City Commission. 10. Entire Agreement, This Agreement supersedes any other agreement, oral or written, and contains the entire agreement between the City and Developer as to the subject matter hereof. 11. Severa ilitY, If any provision of this Agreement shall beheld to be invalid or unentorceable to any extent by a court of competent jurisdiction, the same shall not affect in any respect the validity or enforceability of the remainder of this Agreement. 12, Effective Date. This Agreement shall become effective upon approval by the City Commission and execution of this Agreement by both, parties hereto. 13, Recordation. This Agreement shall be recorded in the Public Records of Palm - Beach County, Florida. 14. Relationship of the Parties. The relationship of the parties to this Agreement is contractual and Developer is an independent contractor and not an agent of the City, Nothing herein shall be deemed to create a joint venture or principal-agent relationship between the parties, and neither party is authorized to, nor shall either party act toward third persons or the public in any manner, which would indicate any such relationship with the other. 15. Sovereign Immunity. Nothing contained in this Agreement shall be construed as a waiver of the City's right to sovereign immunity under Section 768.28, Florida Sialules, or any other limitation on the City's potential liability under the state and federal law, 16. City's Police Power, Developer agrees and acknowledges that the City hereby reserves all police powers granted to the City by law. In no way shall this Agreement be construed as the City bargaining away or surrendering its police powers, IT Interpretation. The parties hereby agree and ackn.owl.edgc that they have both participated equally in the drafting of this Agreement and no party shall be favored or disfavored regarding the interpretation to this Agreement in the event of a dispute between the parties. 1.8. Third-Party Ri ghts. This Agreement is not a third party beneficiary contract and shall not in any way whatsoever create any rights -on behalf of any third party, provided however, Developer will assign its rights under this document to a to be formed development entity. 19, Specific Performance, Strict compliance shall be required with each and every provision of this Agreement. The parties agree that failure to perform the obligations provided by this Agreement shall result in irreparable damage and that specific performanec of these obligations may be obtained by a suit in equity. , )0 . Attornevs Fegs. In connection with any arbitration or litigation arising out of this Agreement. the prevailing party shall be entitled to recover reasonable attorney's fees and costs through all appeals to the extent permitted by law, 2 1, Development Permits, Nothing herein shall limit the City's authority to grant or deny any development permit applications or requests subsequent to the effective date of this Agreement. The failure of this Agreement to address any particular City, County, State and/or F'ederal permit, condition, term or restriction shall not relieve Developer or the City of the necessity of complying with the law governing said permitting requirement, condition, term or restriction, Without imposing any limitation on the City's police powers, the City reserves the right to withhold, suspend, or terminate any and all certificates of occupancy for any building or part thereof, if Developer is in breach of any terrn and condition of this Agreement. [,SIGNATURE ON FOLL 0 TVING PAGE] IN WITNESS WHEREOF, the parties have hereunto set their hands and seal on the date first above written. ATTEST: CITY OF BOYNTON BEACH APPROVED AS TO FORM AND LEGALITY For the use and reliance of the City of BOYNTOV Florida only. Dated A 1,-,? b ! 15 By: Signed, sealed and Delivered in the presence of the following witnesses o n-, 1- Name; .. &�w 1 - STATE OF FLORIDA COUNTY OF SKYE AT BOYNTON BEACH, LLC ( "Developer ") B 'I , Salvador Leccese, President /Manager The foregoing instrument was acknowledged before me this � 51- day of _, 2015 by SALVADOR LECCESE, as President/ Manager of Skye at Boynton Beach, LLC a Florida Limited Liability Company on behalf of said corporation. He is personally known to me or has produced as identification. N 4CE flfl / / /� / � /, DP EXPigFS' 6 i Notary Publi�Sgna�ture o Print Name: a � - eta d �' —� -7 2.Gr �' Commission No: -IY (t ® �` ra R J My Commission Expires: = - 1eF C:%Users \macka\Desktop \500 Ocean. - SL- 2nd Ave (FPi.) \Developer's Agreement redline 3.17.15 City Comment5_Fina,.doc EXHIBIT "A" LEGAL DESCRIPTION PARCEL 1 All of Lots I through 1.4, inclusive, Block 7, LESS the North 8 feet of Lots 1 through 7, and LESS the East 10 feet of the North 60 feet of said Lot 14, and ALSO LESS that part of Lot 14, LESS the North 60 feet thereof, which is included in the external area formed by a 12 foot radius are tangent to the South line of said Lot 14 and tangent to a line 10 feet West of and parallel to the East line of said Lot 14, Block 7, TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida. PARCEL2 That alleyway identified as SE 1st Place lying between Lots 1 through 7 and Lots 8 through 14, Block 7, vacated pursuant to Ordinance No. 003- 021, recorded in Official Records Book 15483, page 375 and Ordinance No. 05 -053 recorded in Official Records ]Book 19430, page 1099 and in Official Records Book 19461, page 143, all of the public records of Palm Beach County, Florida, which is more particularly described as follows: A portion of that certain 20 -foot alley adjacent to Lots 1 through 4 and Lots 11 through 14, together with the North half of said alley Iying South of and adjacent to Lot 5, all in Block 7, ORIGINAL TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida. AND A portion of that certain 20.00 foot wide alley lying adjacent to Lots 6 through 9, together with the South half of said alley lying North of and adjacent to Lot 10, all in Block 7, ORIGINAL TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida, more particularly described as follows: Beginning at the Southwest corner of said Lot 7; thence South 88° 59' 27" East along the South line of Lots 7 and 6, a distance of 100.00 feet to the Southeast corner of said Lot 6; thence South 00 02' 09" West along the Southerly extension of the East line of said Lot 6, a distance of 10.00 feet to the centerline of said 20.00 foot wide alley; thence South 88 59' 27" East, along said centerline, 50.00 feet to an intersection with the Northerly extension of the East line of said Lot 10; thence South 00 02' 09" West, along said Northerly extension, 10.00 feet to the North line of said Lot 10; thence North 88 59' 27" West, along the North line of said Lots 10, 9 and 8, a distance of 150.00 feet to the East right of way line of Southeast 4th Street; thence North 00° 02' 09" West, along said East right of way line, 20.00 feet to the POINT OF BEGINNING. Said lands lying in the City of Boynton Beach, Palm Beach County, Florida. PARCELS The North 80 feet of Lot 1 through 7, inclusive, and the South 80 feet of Lots 8 through 14, inclusive, Block 12, TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida, LESS the East 10 feet of the North 80 feet of said Lot 1, and LESS that part of the North 80 feet of said Lot 1, which is included in the external area formed by a 12 foot radius are tangent to the North line of said Lot 1 and tangent to a line 10 feet West of and parallel to the East line of said Lot 1, and LESS the West 5 feet of the North 80 feet of said .Lot 7, and LESS the West 5 feet of the South 80 feet of said Lot 8, and LESS the East 1.0 feet of the South 80 feet of said Lot 1.4, and LESS that part of said Lot 14 described as follows: From a point on the South line of Lot 14 located 10 feet Westerly of the Southeast corner of said Lot 14, run Westerly along the South line of said Lot 14 for 25.51 feet; thence run in a Northeasterly direction along the are of a curve concave to the Northwest and having a radius of 25 feet for a distance of 39.78 feet to a point on a line parallel to and 50 feet Westerly of, measured at right angles to, the Base Line of Sur'V°cy of State Road 5, Section 9301 -205; thence run South 0 59' 45" East along said parallel line for 25.51 feet to the POINT OF BEGINNING. PARCEL4 Lots 1, 2 and 3, Plat of PORTION OF BLOCK 12, TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1.5, page 1.8, public records of Palm Beach County, Florida, LESS the East 10 feet of said Lots 1 and 2, and LESS the West 5 feet of said Lot 3. PARCEL 5 That part of SE Ist Avenue lying between Block 12 and Block 7, vacated pursuant to Ordinance No. 05 -052 recorded in Official Records Book 19379, at page 101, of the public records of Palm Beach County, Florida, which is more particularly described as follows: That certain 40.00 foot wide right -of -way bounded on the North by the South line of Block 7, on the South by the North line of Block 12, on the East by the West right of way line of Federal Highway (U.S. Highway No. 1) and on the West by the East right of way line of S.E. 4th Street, all in the ORIGINAL TOWN OF BOYNTON, according to the Plat thereof as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida, being more particularly described as follows: Commencing at the Southwest corner of Lot 8 in said Block 7; thence South 88 59' 27" East along the South line of said Block 7, a distance of 5.00 feet to the POINT OF BEGINNING; thence continuing along said South line South 88° 59' 27 " East, 335.01 feet; thence South 00 02' 09" 'Vest, 51.80 feet to a point of cusp on the West right of way line of Federal Highway (U.S. Highway No. 1, State Road No. 5); thence Northwesterly along the are of a curve concave to the Southwest, having a radius of 12.00 feet, a central angle of 89° 01' 36", an arc distance of 1.8.65 feet to the point of tangency; thence North 88 59' 27" West, along the North line of said Block 12, a distance of 323.21 feet to the Fast right of way line of S.E. 4th Street; thence North 00 02' 09" East, along said East right of way line, 40.01, feet to the POINT OF BEGINNING; said lands lying in the City of Boynton Beach, Palm Beach County, Florida. PARCEL 6 That part of the sidewalks lying along Ocean Avenue, SE 4th Street and SE 2nd Avenue vacated pursuant to Ordinance No. 05 -054 recorded in Official Records Book 19359, at page 1876, of the public records of Palm Beach County, Florida, which is more particularly described as follows: Portions of Southeast 4th Street, Southeast 2nd Avenue and Ocean Avenue lying adjacent to Blocks 7 and 12, ORIGINAL TOWN OF BOYNTON, according to the Plat thereof, as recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida, and Block 12, ORIGINAL TOWN OF BOYNTON (REVISED PLAT), according to the Plat thereof, as recorded in Plat Book 15, page 18, of said public records, being more particularly described as follows: Beginning at the Southwest corner of said Block 7; thence South 00 02' 09" West along the West line of said Block 12, a distance of 312.55 feet to a point on the are of a non - tangent curve concave to the Northeast (a radial line through said point bears South 69 00' 03" West from the radius point of the next described curve); thence Southeasterly along the are of said curve having a radius of 16.19 feet, a central angle of 49 54' 09 ", an are distance of 14.1.0 feet; thence South 88 31' 35" East, 313.23 feet to a point on the arc of a non - tangent curve concave to the Northwest (a radial line through said point bears South 00 45' 40" West from the radius point of the next described curve); thence Northeasterly along the are of said curve having a radius of 24.00 feet, a central angle of 44 49' 08 ", an are distance of 18.77 feet; thence North 00 02' 09 East, along the West right of way line of Federal Highway (U.S. No. 1, State Road No. 5) to a point of cusp with a curve concave to the Northwest and reference Point " A " ; thence Southwesterly along the arc of said curve having a radius of 25.00 feet, a central angle of 90 58' 24 ", an arc distance of 39.69 feet to a point on the South line of said Block 12 and the point of tangency; thence North 88 59' 27" West along said South line, 309.58 feet; thence North 00 02' 09" East, 312.55 feet to the South line of said Block 7; thence North 88 59' 27" West along said South line, 5.00 feet to the POINT OF BEGINNING. TOGETHER WITH: Commencing at said reference Point "A "; thence North 00 02' 09" East, 551.91 feet to the POINT OF BEGINNING; thence North 00 02' 09" East, 6.10 feet to a point on the are of a non- tangent curve concave to the Southwest (a radial line through said point bears North 50 46' 09" East from the radius point of the next described curve); thence Northwesterly along the are of said curve having a radius of 24.00 feet, a central angle of 49 48' 36 ", an are distance of 20.84 feet; thence North 88 59' 27 " West, 152.24 feet; thence South 45 33' 42" West, 4.32 feet; thence South 88 59' 27 West, 166.51 feet; thence South 00 02' 09" West, 11.51 feet; thence South 88 59' 27" East, 340.01 feet to the POINT OF BEGINNING. Said lands lying in the City of Boynton Beach, Palm Beach County, Florida. PARCELS 1 THROUGH 6 ALSO DESCRLBED AS: Portions of Blocks 7 and 12, ORIGINAL TOWN OF BOYNTON, according to the Plat thereof, recorded in Plat Book 1, page 23, of the public records of Palm Beach County, Florida. TOGETHER WITH portions of Southeast 4th Street, Southeast 2nd Avenue and Ocean Avenue lying adjacent to said Blocks 7 and 12, ORIGINAL TOWN OF BOYNTON, according to said Plat. TOGETHER WITH a portion of Southeast 1st Avenue lying between said Blocks 7 and 12, now vacated, and a portion of Southeast 1st Place lying in said Block 7, now vacated, ORIGINAL TOWN OF BOYNTON, according to said Plat. TOGETHER WITH a portion of Block 12, ORIGINAL TOWN OF BOYNTON (REVISED PLAT), according to the Plat thereof, as recorded in Plat Book 15, page 18, of said public records, being more particularly described as follows: Commencing at the intersection of the centerline of Ocean Avenue with the centerline of Federal Highway (State Road No. 5, U.S. Highway No. 1) (100 foot right of way).; thence North 88 59' 27" West along said centerline of Ocean Avenue, 50.01 feet; thence South 00 02' 09" West, 26.91 feet to the POINT OF BEGINNING; thence continue South 00 02' 09" West, 558.24 feet to a point on the arc of a non- tangent curve concave to the Northwest (a radial line through said point bears North 44° 03' 28" "West to the radius point of the next described curve); thence Southwesterly along the arc of said curve having a radius of 24.00 feet, a central angle of 44 49' 08 ", an are distance of 18.77 feet to the point of tangency; thence North 88° 31' 35" West, 313.23 feet to a point on the arc of a non- tangent curve concave to the Northeast (a radial line through said point bears North 19 05' 54" East to the radius point of the next described curve); thence Northwesterly along the are of said curve having a radius of 1.6.19 feet, a central angle of 49 54' 09", an arc distance of 14.10 feet; thence North 00° 02' 09 " East, 588.85 feet; thence South 88 59' 27" East, 166.51 feet; thence North 45 33' 42" East, 4.32 feet; thence South 88 59' 27" East, 152.24 feet to the beginning of a tangent curve concave to the Southwest; thence Southeasterly along the are of said curve having a radius of 24.00 feet, a central angle of 49 45' 36 ", an are distance of 20.84 feet to the POINT OF BEGINNING. EXHIBIT "B" SITE PLAN EXHIBIT I EXHIBIT 1 500 OCEAN PROJECT ESTIMATED UTILITY COSTS DESCRIPTION ESTIMATED COST CITY SHARE DEVELOPER SHARE CITY PERCENTAGE 16" WATER 4TH STREET- 458 LF 128,240 $ 91,601 36,639 71.43% 16" WATER 4TH STREET- 200 LF $ 56,000 56,000 $ 100% 12" REUSE WATER 2ND AVE- 379 LF 75,000 75,OCO $ 100% 100% 12" WATER FEDERAL HW NORTH -193 LF 61,000 $ 61,000 8" WATER FEDERAL HW- SOUTH- 486 LF $ 119,000 $ 119,000" 12"'A'ATERRETAlPARKING- 355 LF $ 48,500 31,776 $ 16,724 65.520 S" SANITARY RETAIL PARKING. 447 LF $ 56,000 56,000 OCu 8" WATER UNDER BUILDING CREDIT 429LF $ 9,000 $ 0% TOTAL! $ _552,740 $ 315,376 $ 228,364 1 TFiis First Amendment to Developer's Agreerent L made and entered into this 16 day of February2016 by and oetween the City of Boynton B:_,acn (hereinafter referred to as "City ") and Skye at Boynton .Reach, LLC., (hereinafter referred to °s "Developer "'1collectively referred to Ps the "parties "r''1 'i AFi the City and Developer entered into a Developer's Agre --ment ( "Ageement ") dated May S, 2015, a copy of which is attached hereto as Exhibit "A "; and v�' a :E'AS, Developer is obligated to construct on -street parking along U.S. Iligb - way One as a condition of the approved site plan; and x.' :1� ., as a condition aC construction of the on-street parking, the City was required to enter into an Agreement with .the Florida Department of Tran7portation (hereinafter "FDOT "); and `.V ' ".4,AsN, THE Developer has agreed to iodeint,ify the City against all risk <u ising from the ity's agreement with FDO'l'; and a + :_ rr , the Developer oas agreed to reimburse the City for fhW cost of any bond ± equired b Y FDO ":l' of the City; and 7 27 1 f+N, the parties desire to :Further nn.d a�e said Agreement as provided below. f; .' " : '+- <.s4 7 , in consideration of the premises , d for other good and valuable consideration, the receipt and sufficiency of which are hereby ackpowlcdged, tho parties agree as i�ilov.s: Fhe recitals contained herein are hereby incotporaied by referenes 2. Developer has .reviev✓ed the City's Agreement with 1<DOT and agrees to inde. ranify the City against any risk: to the City arising from that Agreement; and 3. The Developer shall pay to the City, within thirty days of writte.i request, the cost of any bond required of the City by FDGT; and 4. This Agreement shall survive the expiratio of the Developer's Agreement and shall remain in effect until the City has satisfied its obligations under the City's Agreement with FDOT and has been release chere:frorn. S. Th;, terms and conditions of the Agreenit- t shall .remain in full force and effect except as specifically amended herein. In the event of a conflict between the terms of the Agreement and this First Amendment, the terms of the First Amendment shall control. of 2 2 c V % BY: M TITLE: JATE: Staie of Florida COU11tv ' The foregoing instrument was acknowledged before T.nQ this — ?-441 day of January, 201.6 by - - — A. 0 in his capacity as Wha��Aiq-cT--ol'Skye at Boynton Beach, LLC., V. Known to Me I Notary Signature:( �: ':I. - -. I I N I . 110 O XP) Produced Identification o� 2