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and binding upon the parties and their successors. <br />4. Subordination/Joinder. Unless otherwise agreed to by the City and if applicable, <br />all liens, mortgages, and other encumbrances that are not satisfied or released of record must be <br />subordinated to the terms of this Agreement and the mortgage holder must join in this <br />Agreement. It shall be the responsibility of the Owner to promptly obtain the said subordination <br />and joinder, in form and substance that is acceptable to the City Attorney, prior to the execution <br />and recordation of this Agreement. <br />5. Duration. This Agreement is binding and runs with the land in perpetuity, unless <br />amended. If development is not commenced (i.e. obtaining a building permit) in accordance with <br />this Agreement and applicable law within 24 months from the Effective Date, this Agreement <br />will be null and void and the City will not be precluded or estopped from redesignating or <br />rezoning all or any portion of the Subject Property. The Owner may request an extension of this <br />Agreement through a request to City Commission after review and recommendation by the <br />Planning and Zoning Commission. <br />6. Development of the Subject Property. Development of the Subject Property <br />shall be subject to performance standards listed in this Agreement. Where a land use listed below <br />differs from a defined use in the City of Casselberry's Code of Ordinances, the use listed in this <br />Agreement shall prevail. <br />A. Comprehensive Plan Policies specific to this Subject Property: <br />Policy FLU 1. 5, Policy FLU 1. 15, Policy HC 2.1 A <br />B. Permitted principal uses allowable on the Subject Property: <br />Administrative services (public and not-for-profit), restaurants, personal services, <br />medical services, limited commercial, general retail and services, business and <br />professional offices including banks and financial institutions, and amusement <br />(enclosed). Multiple -family dwellings and hotels are only permitted after amendment <br />of this Agreement to revise standards as appropriate. <br />C. Permitted accessory uses allowable on the Subject Property: <br />Sales of alcoholic beverages for on-site consumption with conditional use approval <br />D. Conditional principal uses allowable on the Subject Property: <br />Drive through establishments <br />E. Prohibited principal and accessory uses: <br />All uses not expressly listed as permitted or conditional uses within the Agreement. <br />F. Proposed maximum intensity (measured in floor area ratio), not to exceed the <br />maximum allowed under the future land use map designation: 1.0 FAR <br />G. Impervious surface is 80% and open space is 20% of the gross square footage for the <br />Subject Property. The impervious surface cannot exceed the maximum allowed under <br />