Summary:
Pizzuti Sevens, LLC, "Pizzuti", is developing property located at 777 N. Orange Avenue as a 330 unit apartment complex known as The Sevens Apartments, "Project". In conjunction with development of the Project, Pizzuti is constructing and installing landscaping and streetscaping, including sidewalks, "Improvements", within a portion of Orange Avenue right-of-way owned by the Florida Department of Transportation, "FDOT." As a condition of locating the Improvements within FDOT right of way, FDOT has required that the City assume the obligation to construct and maintain the Improvements under the terms of a separate Agreement between the City and FDOT, "FDOT Agreement," which is also before City Council. The attached Agreement transfers the City's obligations under the FDOT Agreement to Pizzuti and provides that Pizzuti is responsible for all aspects of construction, installation and maintenance of the Improvements and will insure and indemnify the City for any liability related thereto. |