CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
November 12, 2018
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Development Agreement for Creative Village Parcel M
Summary:

The attached proposed development agreement is by and between the City of Orlando, Creative Village Development, LLC and Creative Village Parcel M Owner, LLC.

The agreement relates to the proposed development of a high-rise multi-family residential building with ground floor commercial uses and parking garage. The agreement will:

1. Arrange for the developer to undertake work to construct a portion of Putnam Avenue; and

2. Arrange for the developer to make certain improvements to the Tennis Center; and

3. Provide transportation impact fee credit to the developer; and

4. Provide sewer benefit fee credit to the developer; and

5. Commits the developer and the City to negotiate a parks impact fee agreement for the assignment of parks impact fee credits for work being done to construct the Creative Village Central Park; and

6. Arrange for the developer to provide fiber conduit improvements; and

7. Provide credit to the developer for certain environmental work being done on Parcel M.
Fiscal & Efficiency Data: N/A
Recommended Action:
Approval of the attached Development Agreement for Creative Village Parcel M and authorization for the Mayor and City Clerk 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: Kelly Moody, kelly.moody@cityoforlando.net ext.3009, or Sarah Taitt, sarah.taitt@cityoforlando.net ext. 4373
Approved By:

Department Date and Time
Budget Outside Routing Approval 10/31/2018 2:11 PM
City Clerk 10/31/2018 2:20 PM
ATTACHMENTS:
Name: Description: Type:
Development_Agreement_for_Parcel_M_with_Exhibits.pdf Development Agreement for Parcel M Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."