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RESOLUTION 16-2852 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />CASSELBERRY, FLORIDA, TO ENTER INTO A VOLUNTARY <br />DEVELOPMENT COMMITMENT AGREEMENT WITH CO -BB <br />CASSELBERRY VENTURE, LLC; PROVIDING FOR CONFLICTS, <br />SEVERABILITY, AND EFFECTIVE DATE. <br />WHEREAS, CO -BB Casselberry Venture, LLC wishes to develop property (parcel IDs; <br />17-21-30-532-0000-0010, 17-21-30-532-OA00-0000, 17-21-30-532-0000-0040), located on the <br />east side of US Highway 17-92 and north of SR 436 by constructing the Bainbridge Casselberry <br />apartment complex; and <br />WHEREAS, the parties desire to recognize a mutual obligation for the planning, <br />development, and use of the property; and <br />WHEREAS, a Voluntary Development Commitment Agreement was created and <br />provides in detail the mutual obligations voluntarily entered into by each party; and <br />WHEREAS, the City Commission agrees that the Voluntary Development Commitment <br />Agreement is a sound development plan that will accomplish the goals of the City of <br />Casselberry. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF CASSELBERRY, FLOI?JDA, AS FOLLOWS: <br />SECTION I. The City Commission hereby accepts the terms and conditions as <br />presented in the Voluntary Development Commitment Agreement with CO -BB Casselberry <br />Venture, LLC (attached as Exhibit "A") and authorizes the Mayor to execute said document on <br />behalf of the City. <br />SECTION II. CONFLICTS. All Resolutions or parts of Resolutions in conflict with <br />any of the provisions of this Resolution are hereby repealed. <br />SECTION III. SEVERABILITY. If any Section or portion of a Section of this <br />Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or <br />impair the validity, force, or effect of any other Section or part of this Resolution. <br />SECTION IV. EFFECTIVE DATE. This Resolution shall become effective <br />immediately upon its passage and adoption. <br />PASSED and ADOPTED this d 'day of l'i 1 , A.D. 2016. <br />ATTEST: <br />ionna C,' City Clerk <br />Charlene Glancy <br />Mayor/Commissioner <br />