CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Community Redevelopment Agency (CRA)
For Meeting of:
February 29, 2016
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
Termination of Declaration for Wells Landing by Community Redevelopment Agency of the City of Orlando (CRA) and City of Orlando (City) Consent

Summary:

On or about June 27, 2008, NU Beginnings Parramore Village Development, LLC (“NU Beginnings”) recorded a Declaration for Wells Landing in the Public Records of Orange County, Florida (“Declaration”).  The Declaration was intended to establish a residential community on land previously owned by the City and conveyed to NU Beginnings for redevelopment (“Property”).  NU Beginnings was not able to develop the community and conveyed the Property to the CRA on May 1, 2014.

The CRA has determined that it would be best to terminate all plans for redevelopment of the Property in the manner set forth in the Declaration pursuant to the attached Termination of Declaration for Wells Landing (“Termination”).  The Declaration requires that the City consent to any modifications or termination.


Fiscal & Efficiency Data: None

Recommended Action:

Approval and authorization for the Chairman and Executive Director of the CRA to execute the Termination, and approval and authorization for the Mayor/Pro Tem and City Clerk to execute the Consent, substantially in the form attached, and approval and authorization for the same to be recorded in the Public Record, subject to the review and approval of the City Attorney's Office.



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: Tonie McNealy (David Hopstetter)
Approved By:

Department Date and Time
Budget Outside Routing Approval 2/19/2016 1:17 PM
City Clerk 2/19/2016 2:14 PM

ATTACHMENTS:
Name: Description: Type:
TERMINATION_OF_DECLARATION_OF_COVENANTS_CONDITIONS_AND_RESTRICTIONS.doc Termination Backup Material

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