Items Types:
For Meeting of:
January 23, 2017
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Developer's Agreement Regarding Multi-Use Trail Contribution for Future Design, Engineering and Construction


On September 20, 2016, the City of Orlando Municipal Planning Board approved a Planned Development application for the Magnolia Hotel (ZON2016-00023), a project consisting of 126 hotel rooms with a restaurant component.  The Developer agreed, per the Conditions of Approval, to contribute $50,000 to an escrow account established for the construction of a multi-use trail. The contribution is required due to the additional length of trail that will be needed to divert the path from the preferred alignment along the project parcel to the alternative route, below the State Road-408 overpasses.  

The Owner/Developer shall provide the escrow contribution prior to the City’s issuance of the first building permit for the project.  The City agrees to hold the funds in a separate account, to be utilized only for costs related to the design and construction of the alternative multi-use trail route.  If the City has not initiated design of the alternative route prior to December 1, 2023, the escrowed contribution shall be refunded to the Owner/Developer. In the event the City chooses not to proceed with the alternative trail route the City agrees to refund the escrowed contribution within thirty (30) days.

Fiscal & Efficiency Data: N/A

Recommended Action:

Approval of the attached agreement and authorization for the Mayor or Mayor Pro Tem to execute same, subject to review and approval by 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: Nancy Ottini
Approved By:

Department Date and Time
Budget Outside Routing Approval 1/17/2017 10:19 AM
City Clerk 1/17/2017 10:22 AM

Name: Description: Type:
Magnolia_Hotel_Trail_Escrow_Agreement_(3)_Final.DOC Magnolia Hotel Trail Escrow Agreement Backup Material

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