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Agreement and the proposed performance of this Agreement is not an ultra vires act; and that, <br />upon execution of this Agreement, this Agreement will be valid and binding upon the parties and <br />their successors. <br />4. Duration. This Agreement is binding and runs with the land in perpetuity unless <br />amended. If development is not completed in accordance with this Agreement and applicable law <br />within 24 months from the Effective Date, this Agreement will be null and void and the City will <br />not be precluded or estopped from redesignating or rezoning all or any portion of the Subject <br />Property. The Owner may request an extension of this Agreement through a request to City <br />Commission after review and recommendation by the Planning and Zoning Commission/Local <br />Planning Agency. <br />5. Development of the Subject Property. Development of the Subject Property shall <br />be subject to performance standards listed in this Agreement. Where a land use listed below differs <br />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 Objectives and Policies specific to this Subject Property: <br />1. Objective FLU 1, Coordinate Future Land Use <br />2. Policy FLU 1.5, Major Thoroughfare Mixed -Use <br />3. Policy FLU 1. 15, Concurrency Management System <br />4. Policy FLU 1.22, Community Redevelopment Area <br />5. Objective FLU 2, Blighted Renewal and Redevelopment <br />6. Policy FLU 4.3, Lake Access <br />7. Policy MTE 1. 14, Pedestrian Facilities <br />8. Policy, HC 2.1, Promote Pedestrian -Oriented Site Design <br />B. Permitted principal uses allowable on the Subject Property: <br />1. Administrative services (public and not-for-profit), amusement (enclosed), general <br />retail and services, limited or "neighborhood" commercial activities, micro - <br />breweries, micro -wineries, personal services, and restaurants are permitted but may <br />require amendments to this Agreement and associated Concept Plan to revise <br />standards accordingly. <br />C. Conditional accessory uses allowable on the Subject Property: <br />1. Sale of alcoholic beverages for on-site consumption as an ancillary use to a <br />restaurant. <br />D. Prohibited principal and accessory uses: <br />1. All uses not expressly listed as permitted or conditional uses within the Agreement. <br />E. Proposed maximum density maximum intensity (measured in floor area ratio), not to <br />exceed the maximum allowed under the PMX-MID (Planned Mixed -Use: Medium <br />Rise) zoning district and within the Lake Concord Overlay District: 1.0 FAR. <br />