CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
May 18, 2015
District: 2 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Termination of Developer's Agreement relating to the Lake Fredrica Club Apartments
Summary:
On December 7, 1971, the City of Orlando and George M. Barley, Jr., as trustee, entered into that certain "Subdivision Check List and Developers Agreement" (the "developers agreement"), relating to the then-proposed development of the Lake Fredrica Club Apartments located at 3211 S. Semoran Boulevard. The developers agreement is recorded in the official records of Orange County at book 2161, page 70. 

On June 23, 1972, that certain "Supplemental Developers Agreement" (the "supplemental agreement") was entered into by the City of Orlando and Lake Fredrica Club Apartments, a Florida general partnership. The supplemental agreement is recorded in the official records of Orange County at book 2244, page 821, and also relates to land that is currently developed as an apartment complex and is addressed as 3211 S. Semoran Boulevard.

The land that is subject to these two agreements is currently owned by Lake Fredrica Apartments, LLC (the "owner"). Due to the obsolescence of the two agreements, and in order to clear title to the land subject of the agreements, the owner is requesting a release of the agreements. City staff has reviewed the agreements and finds that the terms and conditions of the agreements have been fully satisfied.  

 
Fiscal & Efficiency Data: No fiscal impact.
Recommended Action:
Approval of the proposed Termination of Developer's Agreement and authorize the Mayor or Mayor Pro Tempore to execute on behalf of the City of Orlando upon final review and approval by the City Attorney.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Kyle Shephard
Approved By:

Department Date and Time
Planning and Environmental Attorney 5/6/2015 4:12 PM
Budget Outside Routing Approval 5/7/2015 2:33 AM
City Clerk 5/7/2015 7:04 AM
ATTACHMENTS:
Name: Description: Type:
Termination_of_Developer_s_Agreement__(1)_(Lake_Fredrica).pdf Request for Termination of Developer's Agreement Backup Material
Avesta_-_Laguna_Oaks_-_Termination_of_Developer_s_Agreement_-_2384024v1_(1)_ks.docx Termination of Developer's Agreement Contract Docs
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