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licensed attorney in the state of Florida, or a certification by an abstractor or title company <br />authorized to do business in the state of Florida, verifying marketable title to the Subject Property <br />to be in the name of the Owner and any and all liens, mortgages, and other encumbrances. The <br />Developer represents and warrants that it has the power and authority to enter into and consummate <br />the terms and conditions of this Agreement; that all acts, approvals, procedures, and similar matters <br />required in order to authorize this Agreement have been taken, obtained and followed; that this <br />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. 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 Agreement. <br />It shall be the responsibility of the Developer to promptly obtain the said subordination and joinder, <br />in form and substance that is acceptable to the City Attorney, prior to the execution and recordation <br />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 will <br />be null and void and the City will not be precluded or estopped from redesignating or rezoning all <br />or any portion of the Subject Property. The Developer may request an extension of this Agreement <br />through a request to the City Commission after review and recommendation by the Planning and <br />Zoning Commission. <br />6. Development of the Subject Property. Development of the Subject Property shall <br />be subject to performance standards listed in this Agreement. Where the land uses 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 1.2, Policy FLU 1.15, Policy FLU 13.2 <br />B. Permitted principal uses allowable on Phase I of the Subject Property: <br />Multiple -family dwellings <br />C. Permitted principal uses allowable on Phase II of the Subject Property: <br />Age -restricted multiple -family dwellings, age -restricted two-family dwellings <br />(duplexes), and churches or other places of worship. <br />D. Permitted accessory uses allowable on Phase I of the Subject Property: <br />Approved home occupations. <br />E. Permitted accessory uses allowable on Phase II of the Subject Property: <br />Approved home occupations. <br />