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2010-120B
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2010-120B
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Last modified
2/11/2016 11:39:11 AM
Creation date
10/1/2015 2:13:27 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Developer's Agreement
Approved Date
05/11/2010
Control Number
2010-120B
Agenda Item Number
10.A.1.
Entity Name
DiVosta Homes
Subject
Waterway Village Amended Settlement Agreement
Reference Resolution No. 2010-121
Supplemental fields
SmeadsoftID
9683
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F . This Agreement is being entered into pursuant to authority under the County ' s Home <br /> Rule Powers , County Codes , and State Statutes , specifically including Florida Statutes Chapter 70 <br /> (The Bert . Harris , Jr . , Private Property Rights Protection Act) . <br /> G . The parties do not believe that the Settlement ( as defined below) will have the effect <br /> of a modification , variance , or a special exception to the application of a rule , regulation , or <br /> ordinance , as it would otherwise apply to the Waterway Village real property ( other than possibly the <br /> timing of payment of certain impact fees and capacity charges) , or would have the effect of <br /> contravening the application of a statute as it would otherwise apply to the Waterway Village real <br /> property . However, in an abundance of caution and to facilitate settlement of the Bert Harris Claim, <br /> IRC and DiVosta acknowledge and agree that the terms of this Agreement ( i ) shall protect the public <br /> interest served by the regulations at issue and is the appropriate relief necessary to prevent the <br /> regulatory effort from inordinately burdening the Waterway Village property , and ( ii ) shall protect <br /> and benefit the public interest . <br /> NOW , THEREFORE , in consideration of the foregoing mutual covenants and agreements <br /> contained in this Settlement Agreement and for other good and valuable consideration , the receipt <br /> and sufficiency of which are hereby acknowledged , DiVosta and IRC , intending to be legally bound , <br /> agree as follows : <br /> 1 . Recitals : The recitals set forth above are true and correct and are incorporated herein <br /> by reference . <br /> 2 . Settlement Terms , DiVosta and IRC have agreed to the amendments to the <br /> Development Order and to the Developer ' s Agreement as set forth in Exhibit " A " and Exhibit "B " <br /> attached hereto and incorporated herein by this reference , which amendments set forth the settlement <br /> between the parties (" Settlement" ) . <br /> 3 . ExchanjZe of Settlement Documentation : The parties agree to exchange the <br /> following settlement documentation : <br /> A . Stipulation of Dismissal with Prejudice of Lawsuit : Counsel for IRC within <br /> five ( 5 ) days after the execution and delivery of this Settlement Agreement shall <br /> execute a Stipulation for Approval of Settlement Agreement and Dismissal with <br /> Prejudice of the Lawsuit against IRC in the form attached hereto as Exhibit " C . " <br /> Thereafter , the signed Stipulation for Dismissal With Prejudice of the Lawsuit <br /> against IRC shall be sent to counsel for DiVosta who will sign and hold the same <br /> in escrow pending the final and non - appealable approval and adoption of ( i ) the <br /> Amended and Restated Development Order described in 3 . 13 . below , and ( ii ) the <br /> Amended Developer ' s Agreement described in 3 . C . below , whereupon the signed <br /> Stipulation shall be filed with the Court along with an Agreed Final Order <br /> Approving Settlement Agreement and Dismissing Case , With Prejudice in the <br /> form attached hereto as Exhibit " D " , for signature by the Court . If for any reason <br /> a final and non - appealable Agreed Final Order Approving Settlement Agreement <br /> and Dismissing Case , With Prejudice does not become effective in the attached <br /> form or in a form otherwise acceptable to DiVosta and IRC , then the terms of this <br /> Settlement Agreement shall become void and ineffective and the parties hereto <br /> RM : 6637905 : 11 <br /> 2 <br />
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