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WIHEREAS, contingent upon approval of the annexation petition,Owner has applied to the City to assign a Comprehensive Plan Future Land Use Map as set forth in Ordinance No. 0- 19-05,which is incorporated herein by reference;and WHEREAS, the Parties desire to enter into this Agreement in order to memorialize their understanding and agreements with respect to the annexation of the property, and with respect to the future development and use of the property;and WHEREAS, upon compliance with the obligations of this Agreement, the development of the property will be consistent with the City's Comprehensive Plan and land development regulations;and WHEREAS, the City has found and determined that the City's interest will be best served by annexing the property into its municipal boundaries and by entering into this Agreement to ensure that development of the property is in accordance with the City's Comprehensive Plan (CP) and Land Development Code (LDC);and WHEREAS, the property is particularly suited for inclusion in to the City due to its proximity to existing traffic corridors and transportation svctems, and annexation %yill yield significant benefits L the City in the lomat of measured development, increased employment opportunities and employment base,an increased tax base, and permanent conservation and preservation of natural ecosystems; and WHEREAS, the City is entering into this Agreement pursuant to the authority of the Florida Constitution (including Article VIII, Section ?(b) and (c) thereof), the general powers conferred upon municipalities by statute and otherwise (including Chapter 166, Florida Statutes),and the Cit-Vs Charter;and WHEREAS, all the requirements set forth in Section 171.044, Florida Statutes, and as otherwise set forth in Florida law and the Citr's Codes and Ordinances, for the voluntary Exhibit 2 To Ordinance No.0-19-04 ANNEXATION AGREEMENT Page 2 of 13