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WHEREAS, this Agreement and future agreements will include all the terms necessary <br />to ensure that the economic incentives provided by the City to the Developers ultimately serve <br />their intended municipal purpose of enhancing the prospects for local economic development; <br />and <br />WHEREAS, the Parties agree that the economic incentives detailed here are for the <br />benefit of the public health, safety, welfare, and convenience of the citizens of the City of <br />Casselberry, Florida; and <br />WHEREAS, the City is authorized by its home rule power to enter into this Agreement; <br />and <br />WHEREAS, the Developers and the City recognize and agree that this Agreement does <br />not represent the City's approval of nor express the City's intent to approve the Developers' final <br />plans for the Project in any particular way or manner except in accordance with controlling <br />development orders and the land development regulations of the City, nor does it bind the City in <br />any way regarding the City's potential approval of the Project; and <br />WHEREAS, the City has determined that the terms and conditions of this Agreement are <br />in the best interests of the public health, safety and welfare of the citizens of the City and provide <br />for a public benefit. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: <br />SECTION I. The City Commission of the City of Casselberry hereby approves the <br />Acquisition Agreement with Integra Lakes LLC, (attached hereto as "Attachment A "), and <br />authorizes the Mayor to execute said Agreement on behalf of the City. <br />SECTION II. Conflicts. All Resolutions or parts of Resolutions in conflict with any of <br />the provisions of this Resolution are hereby repealed. <br />SECTION HI. Severability. If any Section or portion of a Section of this Resolution <br />proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the <br />validity, force, or effect of any other Section or part of this Resolution. <br />SECTION IV. Effective Date. This Resolution shall become effective immediately <br />upon its passage and adoption. <br />Resolution 14 -2660 <br />Page 3 <br />